
根据Eddie Spence的报道,由于中国需求的迹象以及智利矿场可能出现的供应中断,铜价有望本周上涨。
Copper headed for a weekly gain, as signs of Chinese demand and possible supply disruption at a Chilean mine boosted the metal.
周五伦敦金属交易所的铜期货价格上涨了1.2%,在中国主要交易所开盘后继续上涨。
Futures rose as much as 1.2% on the London Metal Exchange on Friday, gaining after trading began on the main rival Chinese bourse.
作为最大消费国的中国,在全国性假期后库存较低,这意味着未来几周可能会进行补货。进口需求的指标达到了四年来的最高水平。
Inventories in the top consumer are low following a national holiday, meaning restocking may take place in the weeks ahead. A gauge of import demand hit a four-year high.
铜价在接近历史纪录的水平上盘整,美国进口关税的威胁促使供应转向美国,并加剧了其他地区的供应紧张。
Copper is consolidating just below record levels, supported by the threat of US import tariffs, which has lured supplies to America and tightened conditions elsewhere.
投资者还在关注伊朗战争对能源价格和整体风险资产投资意愿的影响,这可能会影响利率和经济增长的前景。
Investors are also monitoring the impact of the Iran war on energy prices and broader investor appetite for risk assets, which could complicate the outlook for interest rates and economic growth.
美联储9月会议的纪要显示,委员们一致决定加息,大多数投资者预计美联储将在12月的会议上再次加息,而不是本月晚些时候。紧缩的货币政策通常对铜需求不利。
Minutes from the Federal Reserve’s September meeting showed unity around its decision to raise interest rates, which has most investors betting on an additional hike at the bank’s December meeting rather than later this month. Tighter monetary policy is typically negative for copper demand.
交易者还关注Antofagasta Plc公司的Centinela矿场可能发生的罢工——这是智利最大的矿场之一——工会表示罢工将在两周内开始影响产量。该公司维持了其生产前景。
Traders are also honing in on a strike at Antofagasta Plc’s Centinela mine — one of Chile’s largest — which unions say would start affecting output within two weeks. The company has maintained its production outlook.
StoneX的分析师Natalie Scott-Gray在一份报告中写道:‘我们仍然对铜持乐观态度,因为供应风险、季节性中国需求以及持续的关税不确定性提供了支持。’
“We remain constructive for copper, supported by supply risks, seasonal Chinese demand and continued tariff uncertainty,” StoneX analysts including Natalie Scott-Gray wrote in a note.
不过,他们也指出,通胀粘性和鹰派中央银行的存在仍构成下行风险。’
Still, downward risks remain in the form of sticky inflation and hawkish central banks, they added.
截至新加坡时间上午10:36,铜价在伦敦金属交易所上涨了1.2%,达到每吨14,474.50美元,本周收盘时有望上涨约1.5%。
Copper rose 1.2% to $14,474.50 a ton on the LME at 10:36 a.m. in Singapore. It’s on track to finish the week about 1.5% higher.
所有其他主要合约也都上涨,其中锡价涨幅最大,达到了1.5%。
All other major contracts advanced, led by tin, which added 1.5%.