油运“周期之王”,能否王者归来?

市值观察
Jan 28

文丨泰罗2026年初以来,油运板块持续走强,成为A股市场在涨价宏观叙述下的领涨赛道。油运被视作资本市场的“周期之王”,那么2026年,它能否王者归来?2025年7月底,中国进口原油运价指数触及880点的多年低位,随后市场呈现出“淡季不淡”的特征,并在传统旺季的四季度创下5年新高。此后虽有一定波折,目前运价依然维持在相对高位。事实上,2008年之后,油运价格长期在低位徘徊,仅在2020年和2022年...

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