9月15日（周一），伦敦金属交易所（LME）期铜攀升至15个月以来最高，此前美元下跌以及中美就以 合作方式妥善解决TikTok相关问题等达成了基本框架共识，刺激了投机客买盘。 伦敦时间9月15日17:00(北京时间9月16日00:00)，LME三个月期铜上涨119美元，或1.18%，收报每吨 10,186.5美元。盘中触及10,192.50美元的去年6月4日以来最高。 | | 9月15日 LIE基本金属收盘报价(美元/吨) | | | --- | --- | --- | | 金屋 | 收盘价 | 茶跌 张跃帽 | | 三个月期铜 | | 10.186.50 ↑ +119.00 ↑ +1.18% | | 三个月期铝 | 2.700.50 ↑ | +11.00 ↑ +0.41% | | 三个月期锌 | 2,979.00 ↑ | +22.00 ↑ +0.74% | | 三个月期铅 | 2,002.00 | -15.50 J -0.77% | | 三个月期镇 | 15,436.00 1 | +45.00 ↑ +0.29% | | 三个月期锡 | 34,639.00 ↓ | -336.00 -0.96% | 数据来源： ...

Group 1 - LME copper prices reached a one-month high, driven by positive manufacturing data from major metal-consuming countries and a weaker dollar [1][4] - As of September 1, LME three-month copper closed at $9,884.00 per ton, down $18.00 or 0.18% [2][4] - Year-to-date, LME copper has increased by 12%, rebounding from $8,105 in early April [4] Group 2 - China's manufacturing Purchasing Managers' Index (PMI) for August was reported at 49.4%, a slight increase of 0.1 percentage points from the previous month, indicating improved manufacturing sentiment [4] - The non-manufacturing business activity index for August was 50.3%, up 0.2 percentage points, remaining above the critical point and indicating continued expansion [4] Group 3 - Other base metals showed mixed performance: LME three-month aluminum fell by $4.50 (0.17%) to $2,611.00, while zinc rose by $13.50 (0.48%) to $2,832.50, lead increased by $12.50 (0.63%) to $2,003.50, and nickel rose by $18.00 (0.12%) to $15,439.00 [2][7][8][9][10] - LME three-month tin decreased by $66.00 (0.19%) to $34,952.00 [11] Group 4 - Investors are focusing on the upcoming U.S. non-farm payroll report, with additional attention on job vacancy and private sector employment data [5] - The U.S. financial markets were closed on Monday due to a holiday, resulting in light trading activity [6]

Group 1 - The main contract for aluminum on the Shanghai Futures Exchange reached a new high since November 2024, closing at 20,900 yuan per ton, up 0.75% [1] - The analyst from a futures company stated that the aluminum fundamentals are the strongest among base metals, supported by a limited smelting capacity of 45 million tons and rising alumina prices [1] - As of July 18, the total aluminum inventory monitored by the Shanghai Futures Exchange was 108,822 tons, the lowest since February 2024, despite a rebound over three consecutive weeks [1] Group 2 - The International Lead and Zinc Study Group (ILZSG) reported a global lead market surplus of 1,000 tons in May 2025, compared to a shortage of 6,000 tons in April [1] - In the first five months of 2025, the global lead market had a surplus of 23,000 tons, down from a surplus of 68,000 tons in the same period last year [1] - The global zinc market faced a shortage of 43,900 tons in May 2025, contrasting with a surplus of 17,300 tons in April [1] Group 3 - LME copper inventory increased by 2,775 tons or 2.27%, reaching 124,850 tons, with the largest change occurring in the Guangyang warehouse, which added 1,500 tons [2] - LME three-month zinc rose by 0.14% to $2,842.5 per ton, while three-month tin increased by 0.1% to $33,845 per ton [2] - Three-month copper saw a slight increase of 0.07% to $9,866.5 per ton, while three-month lead and nickel experienced declines of 0.55% and 0.18%, respectively [2]

Core Viewpoint - The London Metal Exchange (LME) copper prices reached a three-month high due to uncertainties surrounding U.S. tariffs, which increased the premium of U.S. copper over LME copper, despite a moderate inflow of LME copper stocks alleviating tightness in the market [1][3]. Group 1: Copper Market - On July 2, LME three-month copper rose by $79, or 0.8%, closing at $10,013 per ton, with an intraday high of $10,020.5, the highest level since March 26 [1][2]. - The premium of U.S. Comex copper over LME copper is 14%, as market expectations suggest that the investigation into potential U.S. copper import tariffs will take longer, while the White House focuses on "reciprocal" tariff negotiations [3][4]. - Alastair Munro from Marex stated that U.S. copper is the real leader in the market, with LME spot copper contracts trading at a premium of $85 per ton over three-month copper, down from $320 per ton last week, the highest level since November 2021 [4]. Group 2: Other Metals Market - LME three-month aluminum increased by $21.5, or 0.83%, closing at $2,620.0 per ton [5]. - LME three-month zinc rose by $43.5, or 1.6%, closing at $2,757.5 per ton [6]. - LME three-month lead increased by $21.5, or 1.05%, closing at $2,059.5 per ton [7]. - LME three-month nickel rose by $96, or 0.63%, closing at $15,302.0 per ton [8]. - LME three-month tin increased by $53, or 0.16%, closing at $33,714.0 per ton [9].

Group 1 - LME copper prices surged to a nearly three-month high, driven by a weak dollar, supply concerns, and speculative buying after key technical levels were breached [1][3] - As of June 26, LME three-month copper rose by $187, or 1.93%, closing at $9,899.5 per ton, marking the strongest level since March 27 [1][2] - The premium of LME spot copper contracts over three-month copper rebounded to $310 per ton, the highest since November 2021 [4] Group 2 - The dollar index fell to its lowest level since early 2022, weakening confidence in the robustness of U.S. monetary policy, which supports commodity prices [3] - Active buying in the Chinese copper market was noted, with Shanghai Futures Exchange copper contracts rising by 0.6% to 79,000 yuan (approximately $11,022.74), the highest since June 11 [6] - LME copper has increased by 22% since hitting a low of $8,105 per ton in April 2023 [6] Group 3 - Other base metals also saw price increases, with LME three-month zinc rising by $63.5, or 2.35%, to $2,768.0 per ton, and three-month tin increasing by $556, or 1.68%, to $33,749.0 per ton [2][6]