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经过近一个月的高位整理,4月中旬随着沪铜27000元/吨重要关口的失守,铜价中期跌势已经展开。虽然近期金属铝的上涨为金属市场增添了不少亮色,但全球经济增速的放缓以及中国铜需求的趋缓使得铜价的深幅调整势在必然,并可能由此引发整个基本金属市场的全面下跌。从基本面看,三月份以来中国铜需求出现了明显的放缓迹象。年初由于现货高升水所导致的大量进口铜的到港使得国内铜库存急剧上升,在LME、COMEX铜库存持续大幅减少
After nearly a month of high finishing, in mid-April with copper 27000 yuan / ton important juncture fall, mid-term decline in copper prices have already started. Although the recent increase of aluminum metal has added a lot of light color to the metal market, the slowdown of global economic growth and the slowdown of Chinese copper demand make the deep adjustment of copper price inevitable and may lead to the rise of the price of the entire basic metal market Overall decline. From a fundamental perspective, demand for copper in China has shown a clear sign of slowdown since March. At the beginning of the year, due to the arrival of a large amount of imported copper caused by the rising spot water, domestic copper inventories rose sharply. At LME, COMEX copper inventories continued to decrease sharply