金融市場

Copper rallies on hopes of China economic rebound

Beijing’s loosening of Covid restrictions triggers gains in metals exposed to Chinese property sector

Copper and iron ore are rallying as China reopens its vast economy, with benchmark copper prices passing $9,000 per tonne on Wednesday for the first time since June.

The end of Covid-19 restrictions in China — the world’s largest consumer of commodities — has triggered a jump in a range of metals exposed to the Chinese property sector such as copper, steel and aluminium, although some analysts and traders expect these gains may not be sustained throughout the year.

“We are expecting a rapid rebound in China’s economy,” said Caroline Bain, commodities economist at Capital Economics. “As momentum gathers in China’s economy and as the prospect of Fed loosening becomes a reality later in the year, we think commodity prices are in for quite a positive period, meaning higher prices by the end of the year.”

您已閱讀24%(809字),剩餘76%(2593字)包含更多重要資訊,訂閱以繼續探索完整內容,並享受更多專屬服務。
版權聲明:本文版權歸FT中文網所有,未經允許任何單位或個人不得轉載,複製或以任何其他方式使用本文全部或部分,侵權必究。
設置字型大小×
最小
較小
默認
較大
最大
分享×