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
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
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电解液隔膜隔膜电解液电芯

2025年4月15日电解铜日报

2025-04-16 08:59:14 来源：北方有色网责任编辑：韩泽楷

分享到：

打印

复制链接

一、期货市场动态

沪铜主力合约（2506）：
- 开盘76,350元/吨，最高76,490元/吨，最低75,560元/吨，收盘75,870元/吨，微涨0.15%。
- 持仓量增至150,069手，成交量减少至87,809手，显示市场交投谨慎。
LME铜价：
- 亚盘时段震荡走弱，收盘报9,195美元/吨，跌26美元（-0.28%）。
- 市场对美联储降息预期升温，但美国关税政策反复抑制风险偏好。

二、库存与供需

1. 库存变动

国内社会库存：26.72万吨，较周初下降3.5万吨，主因下游补库及进口到货减少。
保税区库存：增至11.99万吨，进口亏损抑制清关，冶炼厂出口货源入库增加。
LME库存：20.94万吨，连续三周去库，反映海外需求边际改善。

2. 供需格局

供应端：铜精矿TC加工费维持-23美元/吨低位，国内冶炼厂检修计划或于二季度集中释放，预计影响产量。
需求端：
- 传统领域：家电排产达2,400万台（近五年峰值），电力订单稳中有升。
- 新能源领域：新能源汽车及光伏需求长期向好，但美国关税政策压制短期出口。

三、核心影响因素

宏观政策：
- 美国关税风险：4月10日中国对美加征34%关税生效，市场对供应链“去美化”预期升温。
- 国内政策：电网投资额预计突破7,000亿元（同比+18.7%），支撑铜消费。
市场情绪：
- 前期恐慌情绪缓解，铜价修复性反弹，但高铜价抑制下游追涨意愿，现货升贴水收窄至贴水20-升水50元/吨。

四、后市展望

短期（1周内）：
- 沪铜主力支撑位上移至72,000元/吨，阻力位78,000元/吨，需关注美联储利率决议及库存去化节奏。
中长期：
- 矿端瓶颈：2025年全球铜矿增量仅64万吨，TC低位或倒逼冶炼厂减产。
- 需求增量：新能源与绿色基建重塑消费结构，标普预测LME铜年均价9,825美元/吨。

免责声明
北方有色网提供的信息仅供参考，不作为决策建议，客户需自主判断决策，并自行承担相关后果。本报告版权归北方有色网所有，仅限客户自身使用。如需引用，须联系申请授权；未经书面许可，任何机构或个人不得以任何形式传播、发布、篡改本报告。北方有色网保留追究任何侵权行为法律责任的权利。

周报

更多+

▪《锆市场周报》第50周（12.8-12.12）[12-16]

▪《铜市场周报》第50周（12.8-12.12）[12-15]

▪《电解铝周报》第50周（12.8-12.12)[12-15]

▪《铅锌周报》第50周（12.8-12.12)[12-15]

▪《钛市场周报》第50周（12.8-12.12）[12-15]

研究报告

更多+

▪碳酸锂价格有望高位震荡-2025年11月碳酸锂月报[12-08]

▪《锌市场月报》第11月（10.1-10.30)[12-08]

▪《铝市场月报》第11月（11.1-11.30）[12-05]

▪《钛市场月报》第11月（11.1-11.30）[12-05]

▪《钛市场月报》第10月（10.1-10.31）[11-20]

主编视角

更多+

▪主编视角：稀土元素——半导体行业进步的多重推进器[11-21]

▪主编视角：钼金属——半导体微型化的新引擎[11-21]

▪刚果（金）“掐住”钴咽喉，中国新能源如何破局？[11-20]

▪印尼按下“暂停键”，全球镍产业迎来大变局？[11-20]

▪Empire Metals公司在吉隆坡TZMI大会展示Pitfield钛项目，揭示全球钛产业新焦点[11-14]

热点

更多+

▪投资5亿！武汉6万吨铁锂电池回收项目投产，干法技术领跑行业[12-18]

▪2025光伏行业盈利改善亏损持续收窄[12-18]

▪封关启幕：金融“活水”筑牢海南自贸港开放基石[12-18]

▪印尼拟大幅下调2026年镍矿产量目标[12-18]

▪深圳27人走私管制金属锑锭166余吨出境主犯被判12年[12-18]

基本文件流程错误 SQL 调试

/websites/wwwroot/cmcc/public/index.php ( 0.75 KB )
/websites/wwwroot/cmcc/thinkphp/start.php ( 0.72 KB )
/websites/wwwroot/cmcc/thinkphp/base.php ( 2.60 KB )
/websites/wwwroot/cmcc/thinkphp/library/think/Loader.php ( 21.07 KB )
/websites/wwwroot/cmcc/thinkphp/library/think/Error.php ( 3.75 KB )
/websites/wwwroot/cmcc/thinkphp/library/think/Config.php ( 6.38 KB )
/websites/wwwroot/cmcc/thinkphp/convention.php ( 10.37 KB )
/websites/wwwroot/cmcc/thinkphp/library/think/App.php ( 21.51 KB )
/websites/wwwroot/cmcc/thinkphp/library/think/Request.php ( 49.78 KB )
/websites/wwwroot/cmcc/application/config.php ( 10.22 KB )
/websites/wwwroot/cmcc/application/database.php ( 1.96 KB )
/websites/wwwroot/cmcc/thinkphp/library/think/Hook.php ( 4.71 KB )
/websites/wwwroot/cmcc/application/tags.php ( 0.96 KB )
/websites/wwwroot/cmcc/application/common.php ( 28.86 KB )
/websites/wwwroot/cmcc/thinkphp/library/think/Env.php ( 1.21 KB )
/websites/wwwroot/cmcc/thinkphp/helper.php ( 17.30 KB )
/websites/wwwroot/cmcc/thinkphp/library/think/Lang.php ( 7.41 KB )
/websites/wwwroot/cmcc/thinkphp/library/think/Log.php ( 6.05 KB )
/websites/wwwroot/cmcc/thinkphp/lang/zh-cn.php ( 11.81 KB )
/websites/wwwroot/cmcc/application/route.php ( 2.86 KB )
/websites/wwwroot/cmcc/thinkphp/library/think/Route.php ( 60.23 KB )
/websites/wwwroot/cmcc/application/index/controller/News.php ( 29.18 KB )
/websites/wwwroot/cmcc/application/index/controller/Base.php ( 3.63 KB )
/websites/wwwroot/cmcc/thinkphp/library/think/Controller.php ( 6.07 KB )
/websites/wwwroot/cmcc/thinkphp/library/traits/controller/Jump.php ( 4.90 KB )
/websites/wwwroot/cmcc/thinkphp/library/think/View.php ( 6.77 KB )
/websites/wwwroot/cmcc/thinkphp/library/think/view/driver/Think.php ( 5.64 KB )
/websites/wwwroot/cmcc/thinkphp/library/think/Template.php ( 44.90 KB )
/websites/wwwroot/cmcc/thinkphp/library/think/template/driver/File.php ( 2.24 KB )
/websites/wwwroot/cmcc/application/common/library/RedisUtil.php ( 0.83 KB )
/websites/wwwroot/cmcc/thinkphp/library/think/Cache.php ( 6.10 KB )
/websites/wwwroot/cmcc/thinkphp/library/think/cache/driver/Redis.php ( 6.54 KB )
/websites/wwwroot/cmcc/thinkphp/library/think/cache/Driver.php ( 5.98 KB )
/websites/wwwroot/cmcc/application/admin/model/Para.php ( 0.09 KB )
/websites/wwwroot/cmcc/thinkphp/library/think/Model.php ( 69.14 KB )
/websites/wwwroot/cmcc/thinkphp/library/think/Db.php ( 6.67 KB )
/websites/wwwroot/cmcc/thinkphp/library/think/db/connector/Mysql.php ( 3.89 KB )
/websites/wwwroot/cmcc/thinkphp/library/think/db/Connection.php ( 29.97 KB )
/websites/wwwroot/cmcc/thinkphp/library/think/db/Query.php ( 93.77 KB )
/websites/wwwroot/cmcc/thinkphp/library/think/db/builder/Mysql.php ( 4.53 KB )
/websites/wwwroot/cmcc/thinkphp/library/think/db/Builder.php ( 31.55 KB )
/websites/wwwroot/cmcc/thinkphp/library/think/Debug.php ( 7.13 KB )
/websites/wwwroot/cmcc/application/admin/model/News.php ( 3.74 KB )
/websites/wwwroot/cmcc/application/admin/model/Cate.php ( 0.59 KB )
/websites/wwwroot/cmcc/application/admin/model/Admin.php ( 0.09 KB )
/websites/wwwroot/cmcc/application/common/consts/NewsConst.php ( 0.28 KB )
/websites/wwwroot/cmcc/application/admin/model/IndexCate.php ( 0.45 KB )
/websites/wwwroot/cmcc/runtime/temp/ae754a079b49dad486f0fa457bc10d5b.php ( 131.67 KB )
/websites/wwwroot/cmcc/thinkphp/library/think/Url.php ( 12.72 KB )
/websites/wwwroot/cmcc/thinkphp/library/think/Response.php ( 8.28 KB )
/websites/wwwroot/cmcc/thinkphp/library/think/debug/Html.php ( 4.17 KB )

[ DB ] CONNECT:[ UseTime:0.000513s ] mysql:host=127.0.0.1;port=3306;dbname=ysscdb;charset=utf8mb4
[ SQL ] SHOW COLUMNS FROM `tb_para` [ RunTime:0.000803s ]
[ SQL ] SELECT * FROM `tb_para` WHERE `id` = 1 LIMIT 1 [ RunTime:0.000532s ]
[ SQL ] SHOW COLUMNS FROM `tb_news` [ RunTime:0.000553s ]
[ SQL ] SELECT * FROM `tb_news` WHERE `id` = 2014 LIMIT 1 [ RunTime:0.000537s ]
[ SQL ] SHOW COLUMNS FROM `tb_cate` [ RunTime:0.000476s ]
[ SQL ] SELECT * FROM `tb_cate` WHERE `id` = 96 LIMIT 1 [ RunTime:0.000434s ]
[ SQL ] SHOW COLUMNS FROM `tb_admin` [ RunTime:0.000537s ]
[ SQL ] SELECT * FROM `tb_admin` WHERE `id` = 5 LIMIT 1 [ RunTime:0.000373s ]
[ SQL ] SELECT `id`,`title`,`url` FROM `tb_news` WHERE `cate_id` = 98 ORDER BY `submit_date` DESC LIMIT 10 [ RunTime:0.003902s ]
[ SQL ] SHOW COLUMNS FROM `tb_index_cate` [ RunTime:0.000654s ]
[ SQL ] SELECT * FROM `tb_index_cate` WHERE `cate_aid` = 1 ORDER BY `sortid` ASC [ RunTime:0.000402s ]
[ SQL ] select dt,num from tb_price where check_status=1 and cate_aid=1 and cate_bid=10 and cate_cid=27 and area_aid=1 and area_bid=9 and area_cid=41 and mode01=113 and mode02=-1 and mode03=941 and mode04=-1 and mode05=1899 order by dt desc limit 2 [ RunTime:0.000449s ]
[ SQL ] SELECT * FROM `tb_cate` WHERE `id` = 10 LIMIT 1 [ RunTime:0.000339s ]
[ SQL ] select dt,num from tb_price where check_status=1 and cate_aid=1 and cate_bid=11 and cate_cid=38 and area_aid=1 and area_bid=14 and area_cid=91 and mode01=184 and mode02=621 and mode03=1095 and mode04=-1 and mode05=1899 order by dt desc limit 2 [ RunTime:0.000387s ]
[ SQL ] SELECT * FROM `tb_cate` WHERE `id` = 11 LIMIT 1 [ RunTime:0.000348s ]
[ SQL ] select dt,num from tb_price where check_status=1 and cate_aid=1 and cate_bid=12 and cate_cid=46 and area_aid=1 and area_bid=9 and area_cid=41 and mode01=325 and mode02=-1 and mode03=1231 and mode04=-1 and mode05=1899 order by dt desc limit 2 [ RunTime:0.000383s ]
[ SQL ] SELECT * FROM `tb_cate` WHERE `id` = 12 LIMIT 1 [ RunTime:0.000321s ]
[ SQL ] select dt,num from tb_price where check_status=1 and cate_aid=1 and cate_bid=13 and cate_cid=49 and area_aid=1 and area_bid=9 and area_cid=41 and mode01=377 and mode02=696 and mode03=1275 and mode04=-1 and mode05=1899 order by dt desc limit 2 [ RunTime:0.000420s ]
[ SQL ] SELECT * FROM `tb_cate` WHERE `id` = 13 LIMIT 1 [ RunTime:0.000405s ]
[ SQL ] select dt,num from tb_price where check_status=1 and cate_aid=1 and cate_bid=14 and cate_cid=54 and area_aid=1 and area_bid=9 and area_cid=41 and mode01=419 and mode02=-1 and mode03=1400 and mode04=-1 and mode05=1899 order by dt desc limit 2 [ RunTime:0.000564s ]
[ SQL ] SELECT * FROM `tb_cate` WHERE `id` = 14 LIMIT 1 [ RunTime:0.000344s ]
[ SQL ] SHOW COLUMNS FROM `tb_advert` [ RunTime:0.000576s ]
[ SQL ] SELECT * FROM `tb_advert` WHERE `id` = 1 LIMIT 1 [ RunTime:0.000393s ]
[ SQL ] SELECT * FROM `tb_cate` WHERE `pid` = 10 AND `id` < 3242 ORDER BY `sortid` ASC LIMIT 8 [ RunTime:0.002444s ]
[ SQL ] SELECT * FROM `tb_cate` WHERE `pid` = 11 AND `id` < 3242 ORDER BY `sortid` ASC LIMIT 8 [ RunTime:0.002477s ]
[ SQL ] SELECT * FROM `tb_cate` WHERE `pid` = 2 AND `id` < 3242 ORDER BY `sortid` ASC LIMIT 6 [ RunTime:0.002441s ]
[ SQL ] SELECT * FROM `tb_cate` WHERE `pid` = 12 AND `id` < 3242 ORDER BY `sortid` ASC LIMIT 5 [ RunTime:0.002445s ]
[ SQL ] SELECT * FROM `tb_cate` WHERE `pid` = 13 AND `id` < 3242 ORDER BY `sortid` ASC LIMIT 5 [ RunTime:0.002401s ]
[ SQL ] SELECT * FROM `tb_cate` WHERE `pid` = 3 AND `id` < 3242 ORDER BY `sortid` ASC LIMIT 6 [ RunTime:0.002415s ]
[ SQL ] SELECT * FROM `tb_cate` WHERE `pid` = 10 AND `id` < 3242 ORDER BY `sortid` ASC [ RunTime:0.002533s ]
[ SQL ] SELECT * FROM `tb_cate` WHERE `pid` = 11 AND `id` < 3242 ORDER BY `sortid` ASC [ RunTime:0.002549s ]
[ SQL ] SELECT * FROM `tb_cate` WHERE `pid` = 12 AND `id` < 3242 ORDER BY `sortid` ASC [ RunTime:0.002481s ]
[ SQL ] SELECT * FROM `tb_cate` WHERE `pid` = 13 AND `id` < 3242 ORDER BY `sortid` ASC [ RunTime:0.001541s ]
[ SQL ] SELECT * FROM `tb_cate` WHERE `pid` = 14 AND `id` < 3242 ORDER BY `sortid` ASC [ RunTime:0.001524s ]
[ SQL ] SELECT * FROM `tb_cate` WHERE `pid` = 19 AND `id` < 3242 ORDER BY `sortid` ASC [ RunTime:0.001365s ]
[ SQL ] SELECT * FROM `tb_cate` WHERE `pid` = 15 AND `id` < 3242 ORDER BY `sortid` ASC [ RunTime:0.001348s ]
[ SQL ] SELECT * FROM `tb_cate` WHERE `pid` = 16 AND `id` < 3242 ORDER BY `sortid` ASC [ RunTime:0.001340s ]
[ SQL ] SELECT * FROM `tb_cate` WHERE `pid` = 17 AND `id` < 3242 ORDER BY `sortid` ASC [ RunTime:0.002329s ]
[ SQL ] SELECT * FROM `tb_cate` WHERE `pid` = 3 AND `id` < 3242 ORDER BY `sortid` ASC [ RunTime:0.002386s ]
[ SQL ] SELECT * FROM `tb_advert` WHERE `id` = 48 LIMIT 1 [ RunTime:0.000417s ]
[ SQL ] SELECT * FROM `tb_advert` WHERE `id` = 49 LIMIT 1 [ RunTime:0.000423s ]
[ SQL ] SELECT * FROM `tb_advert` WHERE `id` = 50 LIMIT 1 [ RunTime:0.000435s ]
[ SQL ] SELECT * FROM `tb_para` WHERE `id` = 1 LIMIT 1 [ RunTime:0.000482s ]