铜价在经历了波动的一周后回升，投资者在权衡中国的刺激措施能否为需求提供持续性的提振。伦敦LME周期间，在场中国代表的情绪相对乐观，与西方更为悲观的氛围形成鲜明对比。
对北京努力的有效性和对中国长期经济增长的影响仍存疑问。“若要出现需求激增，需要大幅财政支持，目前尚无具体详情。”Capital Economics的研究人员在电子邮件中指出，“即使增加了政策支持，到本世纪末建设活动预计仍将下降，这对金属价格构成沉重压力。”
本周大部分时间，中国金融市场因假期休市，市场对于周二重新开市的预期十分热烈。美国劳动力市场数据优于预期后，铜价应声上涨至每吨9,978美元，这表明总体上美国经济表现稳健。对美联储下一次会议可能不会大幅降息的预期也得到了增强。
伦敦时间下午3点时，LME市场上铜价涨幅为1.1%，收于每吨9,978美元；所有基本金属均出现上涨，其中铝价格上涨了1.4%，镍价格上涨了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%.
