节点:中游(冶炼、中间品)位置:中游情绪:利空参考度:4/10
铜市场供过于求已开始对全球金属市场的交易商和生产商构成压力。需求疲软及库存上升,正挑战近期铜价的涨势。实体铜市场显现明显承压迹象:由于中国铜需求显著放缓,交易商难以出售货物;美国关税套利交易的崩溃,进一步消除了全球铜流动的关键驱动因素。不过,期货市场仍维持强烈的投资者乐观情绪,尽管全球仓库供过于求状况加剧,铜价仍接近纪录高位。
全球铜库存跨交易所激增,凸显供需失衡加剧。伦敦金属交易所(LME)库存创近17个月新高,上海期货交易所库存近期更触及纪录高位。年..
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