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font-size:0.9em;} .bottom .nav li{ height:28px ; line-height:28px; padding:0 14px 0 36px; border-right:1px solid #dcdcdc; font-size:0.8em; background:url(http://a.mysteelcdn.com/wap/4.0/iconBg-big.png) no-repeat 8px -126px} .bottom .nav li.pc{ background-position: 10px -177px} .bottom .nav li.app{ background-position: 13px -226px} .bottom .nav li.r-top{ background-position: 11px -282px; border:none;} .bottom .nav li a{ color:#828282} } </style> <title>行业聚焦</title> </head> <body> <div class="top-bar" > <div class="top"> <div class="logo"><a href="http://abc.mysteel.com"></a></div> <script type="text/javascript" src="http://a.mysteelcdn.com/member/3.1/login/mysteel_abc_login.js?v=201511111612"></script> 行业聚焦 </div> <a href="http://www.steelphone.com/xz/" class="download-btn"><img src="http://a.mysteelcdn.com/wap/4.0/bg2-30.png" style="vertical-align:middle;" width="14" height="30"> 我的钢铁手机客户端免费下载</a> </div> <div class="news-box"> <h2 class="title">宏源期货:铜早报-151029</h2> <div class="info">2015-10-29 08:51&nbsp;&nbsp;&nbsp;&nbsp;来源:<a href="http://www.glinfo.com/" target="_blank">钢联资讯</a></div> <p style="text-indent: 2em">铜价还在整理之中</p> <p style="text-indent: 2em">要点</p> <p style="text-indent: 2em">1、经济环境概述:美国经济复苏放缓,房地产市场去库存过程缓慢,就业消费循环动能尚可。欧元区经济复苏动能略有加强。9月财新中国制造业指数继续走弱,固定资产投资增速延续回落,出口增速回落,经济下行压力依旧较大,房地产市场出现结构性的改善。</p> <p style="text-indent: 2em">2、各国政策取向:美联储对加息预期渐浓。欧洲货币政策偏松。中国货币政策松紧适度,财政政策积极。11月21日晚,中国央行宣布降息。2月4日央行降准。2月28日再度降息。4月19日,央行降准1个百分点。4月30日,政治局会议定调稳增长。6月27日,央行降准降息。8月25日,央行降准降息。10月23日,央行降准降息。</p> <p style="text-indent: 2em">3、铜价运行主要动因与制约:长周期下行主要因中国经济潜在增速回落,铜供需格局宽松,隐性库存居高难下。原油价格大幅波动,扰动市场情绪。中国经济下行压力略有缓解,房地产市场改善对铜价有一定的支撑。美国加息进程以及中国经济运行的预期促使铜价波动。</p> <p style="text-indent: 2em">4、其他指标验证:美元指数继续上行。黄金价格冲高回落。中国固定资产投资增速延续回落,房地产销售面积增速持续攀升。中国上证指数大幅波动,创业板和中小板指数波动加大。</p> <p style="text-indent: 2em">5、现货价格:10月28日,上海电解铜现货对当月合约报贴水60元/吨-贴水10元/吨,平水铜成交价格39010元/吨-39110元/吨,升水铜成交价格39030元/吨-39130元/吨。沪期铜高位回落后波动有限,持货商盘初高位出货换现意愿增加,市场报价随即转为全线贴水报价,主流报贴水60元/吨-贴水10元/吨,但月末市场需求日渐趋淡,而市场供应充足品牌齐全,至第二交易时段,好铜小幅扩大贴水,但中间商祈求更大贴水,市场反应迟滞,今日票据因素转淡,已现月末因素。</p> <p style="text-indent: 2em">6、近期重要经济数据:今日,美国三季度GDP,9月成屋销售。</p> <p style="text-indent: 2em">7、重要行业新闻:江西铜业的部分电解铜产能已于10月21日停产。此次停产的产能预计达6.7万吨,加上9月因检修减少的产能,预计年末江铜共减少近10万吨产能。</p> <p style="text-indent: 2em">小结</p> <p style="text-indent: 2em">联邦公开市场委员会(FOMC)发布声明,维持0-0.25%基准利率不变;未来决定加息时,将综合考虑一系列因素,其中包括劳动力市场状况指标、通胀压力和预期指标及金融市场和国际形势的发展。联储最新决策完全符合市场主流预期。美联储暗示在12月份召开的下次货币政策会议上仍有可能加息。根据美国经济情况,2015年美国加息的概率大幅下降。中国经济下行压力依旧较大,政府政策越来越积极。铜价短期难以改变震荡整理的态势。</p> </div> <div class="title-box"> <div class="title"><a href="./article/list.shtml?category=0201&channelName=3diofoo74p74u" target="_blank">更多行业聚焦</a></div> </div> <div class="article-box"> <ul> <li><span class="time"> [11-30]</span><a href="http://abc.mysteel.com/15/1102/14/539B19887DF89CFE_abc.html" target="_blank" title="2015年10月30日上海市场0#锌锭均价">2015年10月30日上海市场0#锌锭</a></li> <li><span class="time"> [11-11]</span><a href="http://abc.mysteel.com/15/1111/17/A4FB82B20FB2640B_abc.html" target="_blank" title="华南区域部分民营钢厂每日调价汇总">华南区域部分民营钢厂每日调价</a></li> <li><span class="time"> [11-11]</span><a href="http://abc.mysteel.com/15/1111/17/A80C5A1DD9CC19B5_abc.html" target="_blank" title="工业领域陷通缩困境 大宗商品市场依旧低迷">工业领域陷通缩困境 大宗商品</a></li> </ul> </div> <div class="bottom"> <ul class="nav"> <li><a href="http://abc.mysteel.com/abc_dxqjs.html " target="_blank">微信关注</a></li> <li class="pc"><a href="javascript:void(0);" onclick="createCookie('gotopc', 'true', 'mysteel.com');" >电脑版</a></li> <li class="app"><a href="http://www.steelphone.com/xz" target="_blank">App下载</a></li> <li class="r-top"><a href="#top">回到顶部</a></li> <div class="clear"></div> </ul> <div class="hotline"> <div class="Lindex"><a href="http://abc.mysteel.com/">返回首页</a></div> <div class="Rtel">400-820-0970</div> <div class="clear"></div> </div> <div class="mysteel"> <div class="m-left"><div class="xian"></div></div> <div class="m-text">我的钢铁</div> <div class="m-right"><div class="xian"></div></div> <div class="clear"></div> </div> </div> <script type="text/javascript"> function createCookie(name, value, domain) { var expires = ''; 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