策略观点宏观方面,由于当前市场已对美联储后续降息预期进行交易,预计四季度降息预期调整对伦铅形成阶段性压制。基本面方面,四季度主要影响或在于再生铅供应方面,在10月冶炼原料得到补充,再生铅炼厂复产增加的背景下,铅锭供需结构恢复宽松,铅价或震荡下行,但随着11月北方供暖后,再生铅供应扰动增加,预计铅价恢复上行走势。综合来看,预计四季度铅价震荡走势,震荡节奏为先抑后扬。一、行情回顾2025年三季度沪铅...
Source Link策略观点宏观方面,由于当前市场已对美联储后续降息预期进行交易,预计四季度降息预期调整对伦铅形成阶段性压制。基本面方面,四季度主要影响或在于再生铅供应方面,在10月冶炼原料得到补充,再生铅炼厂复产增加的背景下,铅锭供需结构恢复宽松,铅价或震荡下行,但随着11月北方供暖后,再生铅供应扰动增加,预计铅价恢复上行走势。综合来看,预计四季度铅价震荡走势,震荡节奏为先抑后扬。一、行情回顾2025年三季度沪铅...
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