“铜博士”继续飙涨!LME期铜升破1万美元/吨,下一站12000美元?
铜市供需格局仍有趋紧预期
The “short supply” logic continues to ferment, LME copper prices soar to the highest point since June 2022
LME copper futures prices continued to rise and hit their highest level in 22 months.
Tight supply+optimistic Chinese demand, BMI increases this year's copper price forecast to 9,200 US dollars
BMI Research, a research institution owned by Fitch Solutions, raised its 2024 average copper price forecast from 8800 US dollars/ton to 9,200 US dollars/ton due to tightening supply prospects and the overall weakening of the US dollar's strength.
Supply prospects are tightening, copper prices are close to a 15-month high
As supply tightens and global manufacturing picks up, copper prices are close to a 15-month high.
Everbright Securities: Rapid development of data centers or intensification of copper shortages, optimistic that copper prices will continue to rise
Although data centers have little impact on copper demand, the annual increase in supply is already comparable to the gap between supply and demand, and may exacerbate copper shortages, and it is optimistic that copper prices will continue to rise.
Copper prices are close to a 14-month high Goldman Sachs expects global supply to experience a “huge deficit” in the second quarter
Copper prices are close to their highest level since January last year, as investors' concerns about global iron ore supply and possible production cuts in Chinese smelters are growing.
Societe Generale Securities: Strong expectations of scarce copper supply coexist with reality of high inventories and weak demand
The sustainability of the strong expectations of “Federal Reserve interest rate cut+tight copper mines+recovery in demand” since March has yet to be verified.
XINGYE ALLOY: ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023
Industrial Alloy (00505.HK) will hold a board meeting on March 28 to approve annual results
Gelonghui March 15 | Xingye Alloy (00505.HK) issued an announcement. The company will hold a board meeting on March 28, 2024 to review and approve the results of the company and its subsidiaries for the year ended December 31, 2023 and issue the results announcement; and consider the payment of a final dividend (if any).
XINGYE ALLOY: DATE OF BOARD MEETING
Lundian copper surpassed 9,000 US dollars/ton! Analyst: The third quarter will hit a peak of $9,500
Today, international copper prices rose to 9,000 US dollars per ton, the highest level in 11 months.
中金:美联储降息预期反复 铜价何去何从?
预计2024年全球铜供需维持紧平衡,维持LME铜价目标价9,200美元/吨、年均价8,700美元/吨”这一判断。
Zhongtai Securities: Non-ferrous commodities will enter another round of “resonance upward” and continue to focus on recommending the three major varieties of aluminum, copper, and gold
Zhongtai Securities released a research report saying that non-ferrous commodities will enter another round of “resonance upward” and continue to focus on recommending the three major varieties of aluminum/copper and gold.
Base Metals Drop as Investors Weigh Fed Path, China Consumption
Base metals declined after the Federal Reserve pushed back on interest-rate cut expectations and as investors weighed the demand outlook in top consumer China before the Lunar New Year holiday this month.
Goldman Sachs: Global copper market supply is tight, copper prices may rise to 10,000 US dollars/ton
Goldman Sachs said that this year's copper market will be in the tightest state since 2021. It is expected that there will be a gap of 428,000 tons, while the current visible inventory is only 260,000 tons.
Hong Kong Stock Concept Tracking | The rise is expected to continue the world's largest supplier to raise copper prices and the 2024 global copper supply and demand gap may be repeated (with concept stocks)
Chile's National Copper Commission (Cochilco) said on Monday local time that its latest forecast for copper will average 3.85 US dollars per pound this year, higher than the previous forecast of 3.75 US dollars.
League of Nations Securities: Copper and aluminum's performance in 23 years or better, and many suppressing factors in non-ferrous metals in 24 are expected to be mitigated
The Zhitong Finance App learned that Guolian Securities released a research report saying that profits on the copper mine side rebounded as prices rose, and processing fees on the smelting side declined. The overall profit of the copper sector is expected to rise throughout '23 and Q4.
CITIC Securities: Copper disturbances are gradually becoming the norm, unspeakable oversupply in 2024
Multiple disruptive factors may increase uncertainty about global copper supply.
China Gold: The peak growth rate of copper ore supply may have been predicted to rise in copper prices ahead of schedule
The Zhitong Finance App learned that CICC released a research report saying that it lowered the copper ore increase in 2024, indicating that the peak copper supply growth rate previously expected in 2024 may have occurred ahead of schedule, and that the future copper concentrate production growth rate will decline. Combined with domestic and foreign plans for 2024-2025, the scale of crude refining capacity expansion is impressive. The bank believes this may accelerate the narrowing of copper concentrate surpluses until there is a shortage relative to the smelting side. This may also become the main driving force driving the upward shift in copper prices.
Huatai Securities: The Fed ends interest rate hikes in the short term, may benefit the price of gold, copper, and the continuous turbulence of copper, and the pattern of supply and demand for 24 years may improve compared to 23
The Zhitong Finance app learned that Huatai Securities released a research report saying that the Federal Reserve's December FOMC resolution suspended interest rate hikes as scheduled, and the meeting raised the issue of when to cut interest rates; the bitmap indicates that interest rates will not be raised in 2023, interest rates will be cut 3 times in 2024, etc., which may benefit the price of gold in the short term. As of December 14, the price of gold had risen to 2,036 US dollars/ounce.
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