节点：钢材下游制造位置：下游情绪：中性参考度：2/10
高盛在特朗普政府意外宣布精炼铜进口关税豁免后，在最新报告中重申对铜价谨慎乐观预测。分析师预计伦敦期铜（LME）价格8月将滑落至每吨9550美元低位，12月温和回升至9700美元。此判断基于全球需求疲软、供给端改善及美元走强等因素。欧美制造业增速放缓与中国房地产行业低迷，拖累铜消费；非洲、南美新增矿山产能释放，缓解供应紧张。同时，美联储加息预期支撑美元指数，压制以美元计价的大宗商品价格。
不过，高盛预计年底前全球能源转型投资加速，可再生能源与电动车领域需求将提振铜价，矿山开发周期滞后效应显现，推动价格温和反弹。高盛还分析认为，关税豁免政策对全球铜市场影响有限。当前美国阴极铜库存处于历史高位，能满足短期需求，新增进口需求疲软，且高库存使美国LME仓库阴极铜难以大规模转销他国，再出口效益...
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.
