以伊冲突对国内再生铜供应影响有限,有色金属ETF基金(516650)盘中翻红涨1.13%

中金财经
Mar 04

  3月4日早盘,三大指数集体低开后走强,昨日恐慌情绪有所缓解,COMEX黄金、铜期货价格双双止跌反弹,黄金有色相关ETF盘中走强,截至10:20,黄金ETF华夏(518850)跌幅收窄至1.73%,黄金股ETF(159562)跌幅收窄至0.82%,有色金属ETF基金(516650)盘中翻红涨1.13%,其持仓股中孚实业涨超6%,厦门钨业云铝股份涨超5%,中国稀土南山铝业天山铝业等股纷纷走强。据中国海关数据统计,2025年来自中东地区的再生铜进口量达14.41万吨,占中国全年再生铜进口总量的6.15%。其中,沙特阿拉伯和阿联酋是主要来源国。而以色列和伊 朗的再生铜进口量约为0.91万吨,仅占中东地区全年进口量的6.30%,在中国整体废铜进口总量中占比更是微乎其微。华泰期货分析指出,以伊冲突对中国国内再生铜供应量的影响较为有限。综合来看,美伊冲突的发展对于铜市场供需影响相对较小,再生铜市场虽然有所影响,但尚不能形成规模性、持续性的影响。有色金属ETF基金(516650)跟踪中证细分有色金属产业主题指数,聚焦黄金及铜铝等工业金属、稀土与钨钼等小金属,在黄金波动加剧、资产配置再平衡的大背景下,有色金属板块兼具“商品属性”与“成长属性”,有望成为资金关注的方向。AI浪潮叠加再工业浪潮驱动铜铝等有色金属需求扩张,而供给端增量受限,供需错配下,铜铝价格中枢有望上移,仍值得关注,或可逢低逐步布局。    

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