LME三个月期锌上涨0.14%，至每吨2,842.5美元；三个月期锡上涨0.1%，至每吨33,845美元；三个月期 铜上涨0.07%，至每吨9,866.5美元；三个月期铅下跌0.55%，至每吨2,003.5美元；三个月期镍下跌 0.18%，至每吨15,495美元；三个月期铝持平于每吨2,645.5美元。 氧化铝期货上涨6.07%，报每吨3,513元，为2月26日以来最高；截至7月18日，上海期交所监测仓库的铝 库存总量为108,822吨，为2024年2月以来最低，尽管已连续三周反弹。 "在所有的不确定因素中，相关消息听起来是确定和积极的，可能会对大宗商品期货市场起到一段时间 的支撑作用。" 国际铅锌研究小组（ILZSG）称，2025年5月全球铅市场供应过剩1,000吨，4月为供应短缺6,000吨。 2025年前5个月，全球铅市场供应过剩23,000吨，而去年同期为过剩68,000吨；2025年5月全球锌市场供 应短缺43,900吨，4月为供应过剩17,300吨。2025年前5个月，全球供应过剩8.8万吨，而去年同期为过剩 21.4万吨。 LME公布的库存数据显示，铜库存增加2,775吨或2.27%，至124, ...

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]

LME三个月期锡价格下跌5%，至每吨29,745美元。 ...