美国铜价突破11,000美元/吨

Copper prices surpass $11,000/t in the US

Kallanish（开阑商务信息咨询）报道，由于担心美国可能征收关税，周四期铜突破11,000美元/吨大关，在Comex交易价格为5.11美元/磅。

Copper futures surpassed the $11,000/tonne mark on Thursday, trading at $5.11/pound on the Comex, amid fears over potential US tariffs, Kallanish reports.

截至撰稿时，期货价格在过去五天里上涨3.25%。自今年年初以来，Comex的价格已上涨27%， LME的价格上涨约14%。

At the time of writing, the futures price had risen 3.25% over the previous five days. Comex prices are now up 27% since the start of the year, while the LME price is roughly 14% higher.

交易所之间的溢价激励着贸易商和生产商不断向美国转移供应。据Bloomberg估计，未来几周将有10万至15万吨精炼铜运抵美国，此举将避免潜在的关税。

The premium between the exchanges incentivises traders and producers to keep moving supplies to the US. Bloombergestimates between 100,000 and 150,000 t of refined copper could arrive in the US in the coming weeks, a move that would avoid potential tariffs.

上个月，美国总统唐纳德·特朗普下令调查铜进口是否损害国家安全，这可能导致对这种金属征收关税。这导致美国对进口铜的暂时性强劲需求。

Last month, US President Donald Trump ordered an investigation into whether copper imports are harming national security, which could lead to potential tariffs on the red metal. This has created a temporary strong demand to import copper to the US.

周四早盘，LME三个月期铜价达到10,046.50美元/吨，创五个月新高，前一天收于9,987.50美元/吨。

The three-month LME copper price reached $10,046.50/t in a five-month high in early trading on Thursday, after closing at $9,987.50/t the day before.

上周，花旗银行预计本月LME铜价可能达到10,000美元/吨，并指出25%的关税很可能在第四季度前实施。华盛顿已经对欧盟以及加拿大、墨西哥和巴西等国的钢铁和铝征收25%的关税。

Last week, Citibank estimated LME copper prices could reach $10,000/t this month, noting that a 25% tariff is likely to be implemented before the fourth quarter. Washington has already imposed 25% tariffs on steel and aluminium from the EU and countries including Canada, Mexico and Brazil.

分析师当时表示：“我们仍然预计，随着232条款铜关税的实施日益临近，美国对进口铜的需求将会锐减，一旦如此，铜价将出现回落。”

“We still expect a pullback in copper pricing once tariff-induced US copper import demand collapses, which we expect as Section 232 copper tariff implementation draws nearer,” the analysts said at the time.

此外，中国政府本周宣布刺激消费的措施，也推动了铜价。政府的这一计划有望重振对铜有需求的商品和服务的消费。

Meanwhile, the Chinese government this week announced measures to boost consumption, which also boosted prices of the red metal. The government plan is expected to revive consumption of copper-demanding goods and services.