受欧元走高及欧洲股市利好的提振，上周五基金属收复失地，伦铜伦铝回到周四开盘水平，而伦镍伦锌在上周五下午交易时段冲高势头强劲。

Euro by high and European stock market advantage good boost,Last Friday fund belongs to recover our lost territory,Aaron copper aluminum Aaron returned to Thursday opening level,And Aaron nickel zinc Aaron on Friday afternoon trading hours impact high strong momentum.

　　伦锌未平仓合约大幅增加，促使价格反弹，这意味着新一轮的多头成为主导价格的重要因素，同时值得注意的是，自9月18日市场未平仓合约总数已滑到了5%，这一定程度上暗示了空头回补的出现。近期LME锌注销仓单也引发了空头回补，鉴于注册仓单的迅速削减，长期来看现货溢价将受此影响。消息方面，中国最新公布的贸易数据显示8月锌精矿进口量环比增加了50.8%，达到167900吨，但是低于去年同期水平。整个中国市场在夏季表现疲惫，中国精炼锌出口下滑及冶炼商纷纷停工维护，打压锌精矿进口量的回升。同时，8月精炼锌进口量环比增加39.7%，达到50700吨，但随着中国国内生产复苏，精炼锌的进口量或将出现下滑。

Aaron zinc open interest greatly increased,Prompted price rebound,This means that a new round of long become the important factor of leading the price,At the same time, it is important to note that,Since September 18 market open interest amount already slid to 5%,This to a certain extent, suggests that the short-covering appear.Recent LME zinc cancellation warehouse receipt also triggered short-covering,In view of the registered warrants rapid cut,In the long term backwardation will be affected by this.News aspects,China the latest trade figures show August zinc concentrate imports increased by 50.8% month-on-month,Up to 167900 tons,But lower than the same period last year level.The whole China market in the summer expressional exhaustion,China's zinc concentrate export downturn and smelting quotient have shutdown maintenance,Crack down on zinc concentrate imports rose.At the same time,August zinc concentrate imports chain increased by 39.7%,Up to 50700 tons,But with China's domestic production recovery,Zinc concentrate imports or to be dropped.

　　伦铜回到8300美元附近。虽然价格上涨，但成交下滑。据中国贸易数据显示，8月精炼铜进口表现持稳，由7月的254000吨稍稍下滑到251000吨。铜精矿进口量则表现强劲，环比增加22.6%达到694500吨。下个月精炼铜出口量是否会有增加目前还不得而知，冶炼商有可能将完税金属送入保税库。此外，SHFE上周铜库存增加10500吨，达到167000吨，这些增加的库存主要来自国内仓储，而不是保税区。

Aaron copper back to near $8300.Although prices,But falling clinch a deal.According to China's trade data display,August refined copper imports the steady performance,By July of 254000 tons to 251000 tons a little down.Copper concentrate imports is strong,Link increased by 22.6% to 694500 tons.Next month refined copper exports will there be increase is still unknown,Smelting traders may will dutiable metal into the bonded library.In addition,Last week SHFE copper stock increase of 10500 tons,Up to 167000 tons,These increase inventory are mainly from the domestic storage,Instead of free trade zone.