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Hundreds of thousands of tons of Copper surge into the USA, with London Copper breaking through 0.01 million dollars.
Before the implementation of Trump's tariffs, a frenzy of Copper shipments was taking place among Global traders, with Copper piling up in USA ports, and the Metal tide stirred by the White House is reshaping the Global supply chain.
After breaking 0.01 million dollars, how much longer can the price of Copper continue to rise.
Morgan Stanley believes that although the current supply fundamentals of Copper are solid, the rise in speculative positions and tightening term spreads may exacerbate market volatility. Additionally, any changes in tariff policies could lead to market reversals.
Is there a crazy rush before Trump's tariffs? A large amount of Copper is about to "flood" the USA ports...
According to four insiders familiar with the shipping situation, it is expected that 0.1 million to -0.15 million tons of refined Copper will arrive in the USA in the coming weeks; if they all arrive in the same month, it is expected to exceed the historical maximum import record of 136,951 tons set in January 2022.
The "butterfly effect" of Trump's tariffs drives Copper prices above 10,000 yuan, causing a rush in Global trade.
President Trump of the USA has once again triggered a huge market shock with his trade protection policy regarding Industrial Metals.
After the "gold rush", the USA is fiercely "grabbing copper", with London copper breaking through 0.01 million dollars.
Under the threat of tariffs, USA importers are hoarding Copper, causing the price of COMEX copper and the premium on LME to rise to over 1,200 USD per ton, approaching the historical high set in mid-February. Analysis suggests that this premium is reshaping the Global Copper trade pattern, with Asia potentially facing supply shortages, and this chaotic situation is supporting the rise in Copper prices in the short term.
Base Metal Prices Rise; Copper Gains on Narrowing Supply, Weaker Dollar -- Market Talk