更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 6 April 2026 | 10:02PM BST Commodities Research Base Metals Comment: Copper: Near-Term Price Forecast Nudged Down on Softer Demand; Long-Term Electrification Boost 1 Our rule of thumb is that each 1-day change in the balance (equivalent to roughly 75 kt of global refined copper) is associated with a 1.40% change in the copper price. A 110kt increase in the balance is equivalent to ~1.5 days of ex-US copper consumption, reducing our expected YoY average copper price change from + ...