节点:中游(冶炼、中间品)位置:中游情绪:利空参考度:10/10


周三沪期价呈现震荡偏强态势。节前金融市场交易情绪趋弱,产业端经济活动因春节假期停工显著收缩,市场交投活跃度下降。节后铜市累库程度与下游复工节奏将成为影响铜价短期波动的核心变量,需密切关注假期期间宏观及基本面变化。

从铜供应端看,尽管短期干扰因素有所缓和,但大型矿山未来产量下滑的预期仍未改变,铜ǟ..铜作为战略资源的价值主线,将对其价格中长期走势形成支撑,中长期上涨逻辑未发生根本性转变。

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