金属与材料:白银和铜领涨板块 工业金属表现强势

天风证券
Dec 06, 2025

基本金属:铜铝普涨,降息驱动铜价创历史新高。1)铜:本周铜价重心上移明显,沪铜收于92380元/吨。周内再创历史新高,随着铜价走高,下游加工企业畏高情绪稍显浓厚,采购需求仅以刚需接货为主,现货成交氛围相对一般;但由于市场到货仍相对较少,加之近月Contango 结构运行,部分持货商挺价情绪较为强烈,现货升水同步表现走高,且后续整体较为坚挺;下周来看,由于铜价涨幅较大,下游企业采购需求预计走弱,但...

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