全球铜供需格局转变尚待时日

铜材汇
Dec 16, 2025

今年以来,全球铜期货市场面对持续出现的供应问题,迎来多轮快速上涨行情,铜价连续刷新历史高位。铜价飙升看似供需失衡所致,实为短期供应扰动、人为政策干预与金融属性强化三者共振的结果。如果从全球铜供需的基本面审视,真正意义上的格局转变尚待时日。上周,伦敦金属交易所(LME)铜价连续触碰历史高位,价格一度突破每吨11461美元。沪铜期货主力合约站上9万元/吨大关,现涨超1%,也达到历史新高。目前,市场...

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