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2026-02-17 18:18:10
[Light Trading During Lunar New Year Holiday, Copper and Aluminum Prices Diverge Awaiting Tariff News] ⑴ On Tuesday, Asian markets were quiet due to the Lunar New Year holiday, with base metal prices on the London Metal Exchange showing mixed results. As of press time, three-month copper fell 0.7% to $12,733 per tonne, pressured by weakening demand and high prices suppressing buying. ⑵ ING analysts pointed out that continued increases in exchange inventories highlight the cooling of physical demand. Especially in China, high copper prices combined with the seasonal holiday lull have dampened recent market buying interest. ⑶ Aluminum prices, however, remained firm, rising 0.6% to $3,060 per tonne. Market sentiment was boosted by news that US President Trump might cancel tariffs on aluminum. This potential policy shift provided support for aluminum prices. ⑷ However, analysts also warned that uncertainty surrounding tariff news continues to loom over the market, adding another layer of uncertainty to the broader metals market. Investors will continue to focus on trade policy developments and the recovery of Chinese demand after the holiday.
