摩根士丹利2026 年 2 月 6 日金属市场报告聚焦铜、铝、贵金属等核心品种,核心结论:铜市受全球战略储备与供应约束支撑,虽短期中国需求疲软但回调空间有限;铝、镍、贵金属等品种呈现供需分化,金属市场整体波动加大但长期趋势向好,新需求与供应扰动为核心驱动。一、核心焦点:铜市场—— 战略储备 + 供应紧张,短期波动不改长期强势铜市场处于“宏观强、微观弱” 的矛盾格局,战略储备与供应约束构成长期支撑,...
Source Link摩根士丹利2026 年 2 月 6 日金属市场报告聚焦铜、铝、贵金属等核心品种,核心结论:铜市受全球战略储备与供应约束支撑,虽短期中国需求疲软但回调空间有限;铝、镍、贵金属等品种呈现供需分化,金属市场整体波动加大但长期趋势向好,新需求与供应扰动为核心驱动。一、核心焦点:铜市场—— 战略储备 + 供应紧张,短期波动不改长期强势铜市场处于“宏观强、微观弱” 的矛盾格局,战略储备与供应约束构成长期支撑,...
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