铜价持稳待美联储决议 价差松动缓解供应担忧

格隆汇
Sep 16
铜价持稳,交易员在美联储周三晚些时候就加息作出决定前关注库存上升和价差松动。伦敦金属交易所期货小幅上涨,延续前一交易日的小幅涨势。价格仍较上周因押注美国关税驱动供应收紧而创下的纪录高位大幅回落。交易员全年一直在将铜运入美国仓库,希望从关税推高国内价格中获利,但白宫迄今未出台新措施。与此同时,伦敦金属交易所认证的境外仓储设施库存本周继续上升,削弱了供应紧张威胁。三个月期货较现货铜升水62.53美元/吨,这种市场结构称为正价差,表明供应充足。此前数周,指示市场紧张的逆向结构——现货升水——一直主导。美联储普遍预计将自2023年以来首次加息,这通常对大宗商品等无收益资产构成逆风。

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