铜价本周波动起伏，投资者权衡了中国刺激措施能否带来稳定的需求增长效果。伦敦金属周（LMW）上，中国参会者表达了相对乐观的态度，而西方参与者则持较为悲观的看法。关于中国政府努力的有效性及其对中国经济长期增长的影响仍存疑虑。
资本经济学的分析人员在电子邮件中指出：“大幅度需求增长需要有实质性的财政支持，但目前尚未公布详细计划。”“即便政策支持力度加大，建筑活动在未来十年内仍有下滑可能，这对金属价格构成显著压力。”
本周大部时间因假期关闭的中国金融市场将于周二重新开放，这一事件备受期待。美国就业市场数据周五出炉，显示结果强于预期，暗示美国经济基础稳固。此前景气展望或许会降低联邦储备在下一次会议中再度大幅降息的预期。
截至伦敦时间下午3点，LME铜价上涨至每吨9748美元。所有基本金属价格均呈上升趋势：铝价上涨1.4%，镍价增长2%。
新闻来源：www.bloomberg.com
原文地址：Industrial Metals Rise on China Stimulus, Strong US Jobs Data
新闻日期：2024-10-04
原文摘要：
Copper rose after whipsawing through the week as traders weighed whether Chinese stimulus measures can deliver a sustainable boost to demand. There was among Chinese attendees at LME Week in London, which contrasted with a more bearish mood among their Western counterparts. Doubts still linger about the strength of Beijing’s efforts and what they’ll mean for China’s long-term growth.“A surge in demand would require substantial fiscal support, details of which have not been announced,” analysts at Capital Economics said in an emailed note. “Even if policy support is stepped up, construction activity is still likely to fall by the end of the decade, which will weigh heavily on metals prices.”Chinese financial markets have been closed for holidays most of this week, and their reopening Tuesday is hotly anticipated. Copper jumped following the release of American labor-market data Friday, which came out stronger than expected, indicating a generally resilient US economy. The positive outlook may damp expectations for another large interest-rate cut at the Federal Reserve’s next meeting. rose 1.1% to $9,978 a ton on the LME as of 3 p.m. in London. All base metals trader higher, with aluminum adding 1.4% and nickel gaining 2%.
