1# copper price is reported at 78,680 - 78,720 yuan/ton, with an average price of 78,700 yuan/ton. It has dropped by 660 yuan/ton compared to yesterday. Copper spread is reported at b110 - b150 yuan/ton, with an average price of 130 Yuan/ton . Det har minskat med 30 yuan/ton jämfört med igår .
At the moment when Trump signed the copper tariff executive order in the Oval Office, the numbers flashing on the electronic screen of the New York Mercantile Exchange already indicated the arrival of a new era - the COMEX copper futures price soared by 12% to a historical high of $6.05 per pound in a single day, while the copper price on the London Metal Exchange (LME) fell by 1.7% to 9 635 dollar per ton. Denna kamp om prissättningsmakt förvrängd av policyer har avslöjat det hemska utseendet på "dubbelspårssystemet" på den globala kopparmarknaden.
Tariff Paradox: American Manufacturing vs . Global överskott
Under the guise of "national security", Trump's claim hides a harsh industrial reality: The domestic copper smelting capacity in the United States can only meet 30% of the demand. Even if the Resolution copper mine in Arizona is restarted, 800,000 tons of refined copper will still need to be imported by 2026. As soon as the policy was announced, the Chilean company Codelco immediately adjusted its shipping plan, urgently transferring 100,000 tons of copper ingots originally scheduled to arrive in Hong Kong in August to the Shanghai bonded area. This directly led to a 18% increase in the inventory of the LME's Asian warehouse in a single week.
However, the "siphoning effect" of tariffs is now having a counterproductive impact on the United States itself. According to a calculation by Morgan Stanley, a 50% tariff would increase the cost for American copper end-users by $4,200 per ton, equivalent to raising the manufacturing cost of each electric vehicle by $1,200. Even more ironically, the premium of New York spot copper over LME har stigit till 25%, och arbitrage -handlare smugglar kanadensiska koppar över Gulf Coast Underground Pipelines i form av "industriavfall" - denna blomstrande grå 产业链 är exakt den ironi som policydesigners inte förutsåg .}
