德国商业银行调整基本金属价格预估

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

德国商业银行调整基本金属价格预估

2025-11-27 15:38:22 来源：北方有色网责任编辑：王欣悦

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德国商业银行(Commerzbank)近日调整了基本金属价格预估，核心原因在于当前基本金属价格持续上涨，市场近期动能表现有利。该行外汇和大宗商品研究主管Thu Lan Nguyen在一份报告中明确表示：“我们已经调整了基本金属的价格预估，在大多数情况下，基本金属的价格将高于此前的预期。”具体来看，价格预估调整呈现差异化特征，其中铜、铝、锌等金属价格获得上调，镍价则迎来下调。截至目前，该行预计到年底时铜的平均价将达到每吨10,500美元，较之前的9,600美元大幅上调;铝的均价预估从每吨2,600美元升至2,900美元，锌价预估也从每吨2,800美元上调至3,000美元。

不过Nguyen也补充给出了风险提示，他认为鉴于当前的供应背景，铜价当前的强势表现可能为时过早，这为短期回调留下了一定空间。与铜、铝、锌不同，镍价成为此次调整中唯一被下调的品种，他将镍价的预估从每吨16,000美元下调至15,000美元，背后原因在于尽管镍的产量增长有所放缓，但市场供应持续处于充足状态，这使得镍价面临明显的下行压力。值得关注的是，铝市近期还出现了显著的区域市场分化，在美国市场，进口铝升水在本月初短暂下跌后已飙升至纪录高位，这一现象与美国国内铝供应短缺、政府对进口铝征收50%关税，以及全球铝供应整体吃紧的多重因素直接相关。从库存数据来看，伦敦金属交易所(LME)的相关库存自10月中旬以来呈现下降态势，这一变化意味着关税驱动的供应效应可能正在减弱，而10月底出现的库存大增情况，据分析可能与某一贸易商为开展金融交易进行补库有关。

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基本文件流程错误 SQL 调试

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德国商业银行调整基本金属价格预估

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