The implementation of US President Donald Trump's 50% tariff on copper imports should be bearish for London Metal Exchange (LME) spreads, LME flat price, and bullish for COMEX spreads in the coming months, Citi commodity strategists led by Max Layton said, according to The Australian.
More information about the timing for the implementation of US President Donald Trump's 50% tariff on copper imports will be key for ex-US pricing as it "ends the temporary and substantial draw on ex-US physical units to the US observed in recent months."
A reverse trend is expected to play out as US import demand collapses, and draws from US inventory replacing net import requirements, which should relieve ex-US physical market tightness.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。