智利铜或豁免关税，美铜大幅回落

基础金属	铜电解铜铜精矿铜管铜棒废铜铜排铜合金精铜杆再生铜杆铜板带铝铝土矿氧化铝电解铝铝辅料铝棒铝合金锭废铝铝杆铝型材铝板卷铅铅精矿铅锭铅蓄电池再生精铅还原铅废铅蓄电池铅合金锌锌精矿电解锌锌合金氧化锌锌粉锡锡精矿锡锭锡材镁
稀有金属	稀土稀土矿稀土氧化物稀土金属钕铁硼稀散金属锑铋铟锗镓硒钽锆贵金属白银钨钨精矿 APT(仲钨酸铵)钨粉碳化钨钨酸钠钨条钨铁钨材钼钼精矿工业氧化钼钼铁钼化工高纯三氧化钼钼金属钛钛精矿钛渣四氯化钛海绵钛钛金属钛白粉硒
新能源	锂锂矿锂化合物金属锂镍镍矿镍铁精炼镍镍盐高冰镍 MHP 钴电解钴钴粉氯化钴四氧化三钴硫酸钴钴中间品氧化钴碳酸钴钴酸锂锰锰矿电解锰电池级硫酸锰锂电正负极三元前驱体磷酸铁正极材料石油焦针状焦包覆沥青人造石墨硅碳负极硅氧负极硅

基础金属

铜电解铜铜精矿铜管铜棒废铜铜排铜合金精铜杆再生铜杆铜板带铝铝土矿氧化铝电解铝铝辅料铝棒铝合金锭废铝铝杆铝型材铝板卷铅铅精矿铅锭铅蓄电池再生精铅还原铅废铅蓄电池铅合金锌锌精矿电解锌锌合金氧化锌锌粉锡锡精矿锡锭锡材镁

稀有金属

稀土稀土矿稀土氧化物稀土金属钕铁硼 稀散金属锑铋铟锗镓硒钽锆 贵金属白银钨钨精矿 APT(仲钨酸铵)钨粉碳化钨钨酸钠钨条钨铁钨材钼钼精矿工业氧化钼钼铁钼化工高纯三氧化钼钼金属钛钛精矿钛渣四氯化钛海绵钛钛金属钛白粉硒

新能源

锂锂矿锂化合物金属锂镍镍矿镍铁精炼镍镍盐高冰镍 MHP 钴电解钴钴粉氯化钴四氧化三钴硫酸钴钴中间品氧化钴碳酸钴钴酸锂锰锰矿电解锰电池级硫酸锰 锂电正负极三元前驱体磷酸铁正极材料石油焦针状焦包覆沥青人造石墨硅碳负极硅氧负极硅

智利铜或豁免关税，美铜大幅回落

2025-07-29 15:40:51 来源：金源期货责任编辑：韩泽楷

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周一沪铜主力小幅回落，伦铜万元关口阻力较大，国内当月和次月结构转向B，周一电解铜现货市场成交遇冷，下游刚需补库为主，内贸铜降至升水95元/吨，昨日LME库存升至12.7万吨。宏观方面：中美经贸代表团将于今日在瑞典举行会谈，中方将继续秉承对话沟通、增进共识、减少误解、加强合作并推动中美关系稳定健康可持续发展。智利财长预计将获得美国铜关税豁免且智利不会报复美国关税令美铜市场昨夜大幅回落，智利财长希望将铜排除在美国的关税清单之外，美国可能更愿意为工业原材料开启绿灯。特朗普再次呼吁美联储应当尽快降息，虽然7月降息概率十分微小，但白宫的持续施压或改变美联储未来的政策路径。产业方面：第一量子二季度铜产量仅为9.1万吨，同比-11.3%，主因旗下Cobre Panama铜矿短期仍无复产计划，仅被当地征服允许出口滞留的精矿库存以及重新启动项目发电厂;旗下位于赞比亚的Kansanshi铜矿二季度产量仅有4万吨，主因其冶炼厂于6月初开启了为期40天的检修。

市场聚焦中美新一轮经贸会谈，并乐观预期双方将达成协议以结束这场针锋相对的关税战，但智利铜或将豁免于美国50%高额关税的消息令美铜夜盘大幅回落，一定程度拖累伦铜和沪铜;基本面上，海外精矿供应偏紧，国内社会库存偏低，近月再度转向B结构，预计铜价短期将陷入调整但幅度相对有限，关注中美瑞典经贸谈判进展。

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基本文件流程错误 SQL 调试

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智利铜或豁免关税，美铜大幅回落

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