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在基本面仍难言反转的2015年,“一带一路”战略的推出似乎为铜的翻身带来了曙光——电力建设输出的战略是否能够激活铜市场?铜价复苏数据显示,2015年初国内外铜市最大跌幅纷纷逼近15%,但从1月底开始,铜价大幅反弹。到目前为止,铜价反弹幅度达到10%,其中LME铜价回到6000美元附近,国内铜价也回到4.3万元人民币附近。究其原因,需求方面,下游行业的不佳表现是主导因素。根据奥威云网的数据显示,2015年伊始,空调、电缆两大铜下游消费行业同比降幅巨大。2015年初铜价暴跌后,欧元区QE的推出、中国存款准备金的下调又再次为铜注入活力。
At a time when fundamentals are still hard to reverse, the introduction of the “One Belt and One Road” strategy seems to have brought a new light to the turning-point of copper. - Can the strategy of electricity output be able to activate the copper market? Copper recovery data show that in early 2015 Copper losses both at home and abroad have approached 15%, but copper prices rebounded sharply from the end of January. So far, copper rebounded 10%, of which LME copper back to around 6,000 US dollars, the domestic price of copper back to 43,000 yuan nearby. The reason, the demand side, the poor performance of the downstream industry is the dominant factor. According to data from Aowei Cloud Network, at the beginning of 2015, the two copper-downstream consumer industries such as air conditioners and cables witnessed a significant year-on-year decline. After the drastic drop in copper prices in early 2015, the introduction of the QE in the euro zone and the downward adjustment of the deposit reserve in China once again injected vitality into copper.