节点：中游（冶炼、中间品）位置：中游情绪：利好参考度：3/10
伯恩斯坦发布2026年铜价最新展望，预计第一季度铜均价为11500美元/吨，随后市场动能减弱，下半年回落至约10000美元/吨。铜价近期突破每吨13000美元的历史新高，伯恩斯坦将此归因于供应中断（如地质技术事件）与人为因素（包括套利交易及劳工罢工）的共同推动。
当前铜价高企得益于电气化趋势提供的结构性支撑，这将持续支撑铜的长期需求；但短期内，投机性动能仍维持价格高位。展望2026年，伯恩斯坦预计，随着需求...汽车销售走软可能在今年晚些时候打压市场情绪。
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