ccmn沪镍走势：今日午盘后沪期镍震荡下跌，沪期镍主力月2603合约开盘报134520元/吨，盘中最高报 134900元/吨，最低价报132600元/吨，收盘报133350元/吨，下跌260元/吨，跌幅为0.19%，沪镍主力月 2603主力合约成交量281436手。 据长江有色属网统计：2月10日ccmn长江综合1#镍价135100元/吨-144100元/吨，均价报139600元/吨，较 前一日价格下跌700元，长江现货1#镍报134650元/吨-144650元/吨，均价报139650元/吨，较前一日价格 下跌700元，广东现货镍报143150元/吨-143550元/吨，均价报143350元/吨，较前一日价格下跌700元。 ccmn镍市分析：宏观面，今日，国内镍价呈现震荡偏弱下行走势，精准契合节前有色板块普遍走弱的 市场节奏，核心受宏观情绪降温、资金避险离场、春节淡季三重因素协同驱动。具体来看，宏观面受美 元指数低位震荡反弹、美债收益率小幅上行影响，以美元计价的大宗商品风险偏好受到压制，资金从有 色板块获利了结；基本面随着春节临近，下游备货已彻底进入尾声，刚需收缩叠加市场观望情绪升温， 让镍价失去向上支撑；资 ...

1. Report Industry Investment Rating - Not provided in the given content 2. Core Views - The price of finished products is expected to move in a range-bound manner, with its center of gravity shifting downwards and showing a weak performance [1][3] - The price of aluminum ingots is expected to fluctuate in the short term, and attention should be paid to macro - sentiment [4] 3. Summary by Related Catalogs Finished Products - Yunnan - Guizhou short - process construction steel enterprises are expected to stop production from mid - January and resume around the 11th to 16th day of the first lunar month, affecting a total of 741,000 tons of construction steel production [2] - Six short - process steel mills in Anhui: one stopped production on January 5, most will stop around mid - January, and a few after January 20, with a daily output impact of about 16,200 tons [3] - From December 30, 2024, to January 5, 2025, the total transaction area of newly built commercial housing in 10 key cities was 2.234 million square meters, a 40.3% decrease from the previous period and a 43.2% increase year - on - year [3] - With the pattern of weak supply and demand and pessimistic market sentiment, the price of finished products continued to decline, hitting a new low recently, and winter storage was sluggish, providing weak price support [3] Aluminum Ingots - Yesterday, Shanghai Aluminum adjusted weakly, and the sentiment eased. The weakening of the US dollar and concerns about the US government shutdown, as well as the short - term escalation of the US - Iran confrontation, affected the market [2] - The domestic central bank will conduct 800 billion yuan of outright reverse repurchase operations on February 4 to maintain liquidity in the banking system [2] - In the domestic bauxite market, Shanxi's domestic bauxite is actively resuming production, with sufficient supply and downward - pressured prices. For imported ore, the intended transaction price has decreased, and the market is quiet, with alumina plants being cautious in procurement [3] - In January, domestic electrolytic aluminum production increased by 2.7% year - on - year and 0.5% month - on - month. In February, production is expected to decrease month - on - month due to fewer natural days, and some new projects are expected to be put into production stably [3] - As the Spring Festival approaches, the downstream demand for raw materials weakens, and the aluminum water ratio is expected to drop significantly. The overall aluminum processing operating rate shows a "seasonal decline acceleration and high - price suppression effect deepening" feature, and it is expected to decline further before the Spring Festival [3] - As of January 29, the social inventory of aluminum ingots reached 782,000 tons, an increase of 330,000 tons compared to the same period in 2025. With the price decline, the downstream situation is expected to remain weak [3] - The short - term market sentiment has eased, but the linkage between precious metals and the non - ferrous sector is strong, and the market trading sentiment is cautious. Attention should be paid to the risks of sentiment cooling and market correction [4]