美国宏观经济数据的好转以及二季度财报明显好于市场预期,推动股市继续上扬,给商品价格带来了新的上涨动能。中国方面,各铜加工材行业开工率表现出的淡季不淡现象在前期进口处于高位的情况下,有助于改善国内供求状况。各国流动性充裕的情况短期内仍将延续,这将从资金流入和通货膨胀预期两个方面助推金属价格。 US macroeconomic data improved as well as the second quarter earnings significantly better than market expectations, to promote the stock market continued to rise, bringing new upward momentum in commodity prices. In China, the off-season off-peak performance of various copper processing materials industries has helped to improve the domestic supply and demand conditions as the previous import was at a high level. The abundant liquidity in various countries will continue in the short term, which will boost the metal prices from two aspects: capital inflow and inflation expectation.