<h1>现货市场观望 铜价或宽幅震荡</h1>
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<span>2012-5-14 9:26:04</span>来源：<span>中商网撰写</span>作者：<span></span>
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<ul>
<li><b class="v2_content_ico04">导读：</b></li>
<li>本周伦铜连续下跌，一度击穿8000美元整数关口，成交持仓量均出现较大幅度下降，注销仓单占比自前期42%高位下降至24.6%。内盘窄幅弱势波动，相对外盘抗跌......</li>
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<ul>
<li><b class="v2_content_ico05">关键字：</b></li>
<li>现货 铜 铜价</li>
</ul>
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<div class="over_x"><p><span style="font-size: 14px">一、行情（2012.5.7-2012.5.11）：</span></p>
<p style="text-align: center">
<table border="0" cellspacing="0" cellpadding="0" width="515" x:str="" style="width: 515px; border-collapse: collapse; height: 116px">
<colgroup><col width="107" style="width: 80pt; mso-width-source: userset; mso-width-alt: 3424" /><col width="79" style="width: 59pt; mso-width-source: userset; mso-width-alt: 2528" /><col width="77" style="width: 58pt; mso-width-source: userset; mso-width-alt: 2464" /><col span="2" width="68" style="width: 51pt; mso-width-source: userset; mso-width-alt: 2176" /><col width="61" style="width: 46pt; mso-width-source: userset; mso-width-alt: 1952" /></colgroup>
<tbody>
<tr height="19" style="height: 14.25pt">
<td class="xl25" height="19" width="107" u1:num="-3.15E-2" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; background-color: transparent; width: 80pt; height: 14.25pt; border-top: windowtext 0.5pt solid; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">单位：元/吨</font></span></td>
<td class="xl25" width="79" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; width: 59pt; border-top: windowtext 0.5pt solid; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">本周最低价</font></span></td>
<td class="xl25" width="77" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; width: 58pt; border-top: windowtext 0.5pt solid; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">本周最高价</font></span></td>
<td class="xl25" width="68" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; width: 51pt; border-top: windowtext 0.5pt solid; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">本周均价</font></span></td>
<td class="xl25" width="68" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; width: 51pt; border-top: windowtext 0.5pt solid; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">上周均价</font></span></td>
<td class="xl26" width="61" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; width: 46pt; border-top: windowtext 0.5pt solid; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">周涨跌</font></span></td>
</tr>
<tr height="19" style="height: 14.25pt">
<td class="xl25" height="19" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; background-color: transparent; height: 14.25pt; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">长江<b>现货</b></font></span></td>
<td class="xl25" x:num="" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">57660</font></span></td>
<td class="xl25" x:num="" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">58050</font></span></td>
<td class="xl25" x:num="" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">57818</font></span></td>
<td class="xl25" x:num="" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">58347</font></span></td>
<td class="xl26" x:num="-9.1000000000000004E-3" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">-0.91%</font></span></td>
</tr>
<tr height="19" style="height: 14.25pt">
<td class="xl25" height="19" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; background-color: transparent; height: 14.25pt; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">上海现货</font></span></td>
<td class="xl25" x:num="" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">57550</font></span></td>
<td class="xl25" x:num="" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">58080</font></span></td>
<td class="xl25" x:num="" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">57785</font></span></td>
<td class="xl25" x:num="" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">58358</font></span></td>
<td class="xl26" x:num="-9.7999999999999997E-3" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">-0.98%</font></span></td>
</tr>
<tr height="19" style="height: 14.25pt">
<td class="xl25" height="19" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; background-color: transparent; height: 14.25pt; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">SHFE结算价</font></span></td>
<td class="xl25" x:num="" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">57530</font></span></td>
<td class="xl25" x:num="" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">57940</font></span></td>
<td class="xl25" x:num="" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">57720</font></span></td>
<td class="xl25" x:num="" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">58353</font></span></td>
<td class="xl26" x:num="-1.0800000000000001E-2" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">-1.08%</font></span></td>
</tr>
<tr height="19" style="height: 14.25pt">
<td class="xl25" height="19" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; background-color: transparent; height: 14.25pt; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">单位：美元/吨</font></span></td>
<td class="xl25" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">本周最低价</font></span></td>
<td class="xl25" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">本周最高价</font></span></td>
<td class="xl25" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">本周均价</font></span></td>
<td class="xl25" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">上周均价</font></span></td>
<td class="xl26" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">周涨跌</font></span></td>
</tr>
<tr height="19" style="height: 14.25pt">
<td class="xl25" height="19" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext 0.5pt solid; background-color: transparent; height: 14.25pt; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">LME结算价</font></span></td>
<td class="xl25" x:num="" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">8080</font></span></td>
<td class="xl25" x:num="" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">8234</font></span></td>
<td class="xl25" x:num="" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">8149.6</font></span></td>
<td class="xl25" x:num="" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">8414.5</font></span></td>
<td class="xl26" x:num="-3.15E-2" style="border-bottom: windowtext 0.5pt solid; border-left: windowtext; background-color: transparent; border-top: windowtext; border-right: windowtext 0.5pt solid"><span style="font-size: 14px"><font face="宋体">-3.15%</font></span></td>
</tr>
</tbody>
</table>
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<p><span style="font-size: 14px"><br />
附：近两周长江<b>铜</b>价走势图</span></p>
<p style="text-align: center"><span style="font-size: 14px"> <img width="340" height="225" alt="" src="/ContentImage/ArticalImages/2012/05/14/2012051409561900285/101237.jpg" /></span><span style="font-size: 14px"> </span></p>
<p><span style="font-size: 14px">二、现货市场：</span></p>
<p><span style="font-size: 14px">本周现货<b>铜价</b>窄幅波动，供需仍呈僵持状态，具体表现为下游逢低采购，而持货商逢低惜售。本周铜价重心下移，现货报价基本维持升水状态，周后供应有所增加，市场现轻度贴水。总体而言国内现货市场成交无新意，谨慎观望仍是主基调。</span></p>
<p><span style="font-size: 14px">三、企业动态：</span></p>
<p><span style="font-size: 14px">智利国家铜公司将在2012-2016年间增加投资80亿美元，总投资将达270亿美元。</span></p>
<p><span style="font-size: 14px">Amerigo Resources Ltd第一季度公司铜产量6,294吨，创有史以来最高水准。</span></p>
<p><span style="font-size: 14px">First Quantum(第一量子矿业有限公司)的董事会一致通过了出资17亿美元打建位于赞比亚的铜矿项目。</span></p>
<p><span style="font-size: 14px">中色赞比亚穆利亚希铜矿项目正式投产，该项目年处理氧化铜矿石量3600kt，年产阴极铜40kt。</span></p>
<p><span style="font-size: 14px">中国有色矿业集团分拆旗下非洲铜矿业务在港上市，拟筹集5亿-7亿美元(约39亿-54.6亿港元)，最快下周一启动路演。</span></p>
<p><span style="font-size: 14px">紫金矿业因2010年7月3日发生铜酸水渗漏事故而被无限期停产的企业——福建省上杭县紫金山铜矿，在停产近2年后有望复产。</span></p>
<p><span style="font-size: 14px">上期所取消中铝洛阳铜业“牡丹”牌、池洲有色“青峰”牌阴极铜注册品牌资格，批准白银有色“红鹭”牌阴极铜品级及规格变更。</span></p>
<p><span style="font-size: 14px">山东方圆集团一厂（新）20万吨铜电解项目电解二车间（10万吨）一工段正式投产，此次投产令公司阴极铜产能超过40万吨。</span></p>
<p><span style="font-size: 14px">山东亨圆铜业年产2万吨精密铜管投产。</span></p>
<p><span style="font-size: 14px">四、行业消息：</span></p>
<p><span style="font-size: 14px">海关：4月中国进口未锻造的铜及铜材375258吨，比3月减少8.69万吨。</span></p>
<p><span style="font-size: 14px">统计局：4月铜产量环比减少3.7%至49.1万吨。</span></p>
<p><span style="font-size: 14px">有色金属加工工业协会：今年将拟定铜、铝加工行业准入条件。</span></p>
<p><span style="font-size: 14px">有色金属加工工业协会：“十二五”铜加工在建产能300万吨，2015年可能出现过剩。</span></p>
<p><span style="font-size: 14px">赞比亚矿业部长称暂无禁止粗铜出口计划。</span></p>
<p><span style="font-size: 14px">伦敦金属交易所(LME)发布公告，取消荷兰弗利辛恩(Vlissingen)港口的铜交割权，弗利辛恩港口有31个仓库，其中的29个属于贸易商嘉能可公司及其旗下的Pacorini Metals部门。</span></p>
<p><span style="font-size: 14px">五、宏观资讯：</span></p>
<p><span style="font-size: 14px">法国社会党候选人奥朗德当选新总统。</span></p>
<p><span style="font-size: 14px">4月份美国制造业采购经理人指数为54.8，高于3月份的53.4。制造业活动连续第33个月扩张，显示美国制造业持续复苏的势头。</span></p>
<p><span style="font-size: 14px">美国劳工部5月10日公布的数据显示， 5月5日当周美国初请失业金人数小幅下降，低于市场预期。</span></p>
<p><span style="font-size: 14px">希腊10年期政府债券收益率一度升至23%上方，德国10年期国债收益率利差也再创新高。</span></p>
<p><span style="font-size: 14px">中国央行：5月18日起，下调存款准备金率0.5个百分点。</span></p>
<p><span style="font-size: 14px">六、小结：</span></p>
<p><span style="font-size: 14px">本周伦铜连续下跌，一度击穿8000美元整数关口，成交持仓量均出现较大幅度下降，注销仓单占比自前期42%高位下降至24.6%。内盘窄幅弱势波动，相对外盘抗跌，同时呈现近强远弱特征。现货市场被动观望明显，高抛者、低吸者众。</span><span style="font-size: 14px">库存方面，本周伦铜再下降9350吨至221275吨，上期所降9178吨至187449吨。国内消息面偏空，4月份铜进口数据环比下降，但铜价对此表现淡定，未有强烈反映。综合来看，国内疲软经济和进口趋弱现状暂未明显打压铜价，库存仍在大幅下降，说明逼空可能仍未结束。虽然周末中国央行下调存准的利好也许对市场有些支撑，但LME取消嘉能可多个仓库铜交割权的消息似乎让我们相信，人为炒作的影响或将有所淡化，铜价高居不下的情况可能在中国消费不力与欧洲纷扰的拖累下得到一定修正。现时外盘升水幅度已经大幅下降，而库存变化趁势将是我们关注的重点，预计本周仍将演绎弱势震荡行情。</span></p>
<p><span style="font-size: 14px"> </span></p>
<p>(关键字：现货 铜 铜价)</p></div>
<div class="v2_comtent_info04">（责任编辑：00285）</div>