节点：中游（冶炼、中间品）位置：中游情绪：利空参考度：3/10
海关总署数据表明，2025年9月，中国未锻轧铜及相关产品进口量为48.5万吨。这一数据较上月有所回升，达到今年单月最高水平，同比微增1%。1 – 9月累计进口量为401.9万吨，同比减少1.7%。随着金九传统需求旺季的到来，未锻轧铜及铜材进口量呈现回升态势。
中国作为全球最大的铜消费国，其铜产业链面临诸多挑战。上游资源对外依..
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