节点：中游（冶炼、中间品）位置：中游情绪：利空参考度：6/10
近日沪镍增仓上行，上涨核心驱动来自印尼政策预期扰动与资金溢出效应共振。消息端方面，印尼政策变化主导盘面走向：其一，印尼政府将2026年镍矿开采配额目标设定为2.5亿吨，同比下调三分之一，但参考2025年初配额削减后通过补充审批扩容的经验，实际落地值或相对宽松；其二，印尼拟修订镍参考价公式，将镍伴生矿钴列为独立商品并征收1.5%-2%特许权税，虽镍矿中钴含量仅约0.1%，但因其市场价值为镍的两倍，政策落地将从矿端抬高单镍吨价值中枢ϼ..
The complete content requires login
You can view the full content after logging in. If you don't have an account, please register first.
This Website publishes publicly available information that SMMNN deems reliable, but makes no warranty as to the accuracy or completeness of such information. The information provided by SMMNN is for reference only and does not constitute investment advice to any entity. Members of the Website shall not replace their own independent judgment with such information.
