基本金属 | 招商评论 | 市场表现：昨日铜价震荡偏弱。 | | | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 基本面：国内"反内卷"情绪热度下降，品种根据是否真实影响供应出现分化。美国和日本，欧洲的关税谈 | 判或取得一定进展，中美月底继续谈判。供应端，铜矿紧张格局延续。需求端，华东华南平水铜现货升水 | 140 | | | | | | | | | | | | | | | | | | | | | | | | | 铜 | 元和贴水 | 40 | 元成交。伦敦结构 | 58 | 美金 | contango。 | | | | | | | | | | | | | | | | | | | | | 交易策略：短期美元指数关键支撑位置继续整理，铜价依然以震荡偏强 ...