【ccmn.cn铅期货市场】隔夜伦铅收涨，开盘报1974.50美元/吨，高点报1996美元，低点报1974.5美元， 尾盘收于1994.50美元，涨17美元，涨幅0.86%；成交量5034手，持仓量175914手。长江铅业网 (pb.ccmn.cn)今日现货铅价行情预估：昨夜，美国1月非农数据重磅来袭，新增就业远超预期，市场应声 将美联储首次降息时点从6月推迟至7月之后。然而，细看之下，强劲表象背后是全年就业数据的大幅下 修，这使市场共识迅速凝聚为一点：降息只是推迟，而非取消。这一核心预期正在重塑全球资产格局。 美元在短暂冲高后回落，中期贬值压力未变。美股市场呈现鲜明分化，受AI算力需求驱动的存储芯片 板块逆势大涨。真正的狂欢属于基本金属，在"供应约束、库存低位、新能源需求、弱美元预期、地缘 溢价"五大因素强力共振下，伦镍、伦锡、伦铜等价格全线飙升，一个崭新的"超级周期"特征已跃然纸 上。今日，市场目光将转向美国CPI等关键数据，以寻找更多利率路径线索。核心结论明确：宏观主线 已进入"预期修正"的过渡期，结构性机会凸显。AI算力硬件与上游资源金属（尤其是镍、锡、铜）正成 为资金追逐的确定性最强主线。金属市场的 ...

Core Viewpoint - The recent decline in global commodity prices, including oil, copper, and silver, is seen as a necessary technical adjustment rather than the end of an upward trend, reflecting a "correction of expectations" and "technical adjustments" in the market [4] Group 1: Oil Market - Oil prices have dropped below $56 per barrel due to changing market expectations, particularly the U.S. indicating it may sell Venezuelan oil and relax sanctions, shifting the narrative from supply disruption to potential supply increase [3] - The oversupply situation in the oil market is expected to dominate pricing, leading to short-term pressure on oil prices if U.S. sales of Venezuelan oil materialize [5] Group 2: Industrial Metals - Copper prices have significantly declined after reaching record highs, driven by profit-taking by traders, which is considered a healthy market behavior [3] - The recent pullback in copper prices may provide a better entry point for investors who are optimistic about long-term "green demand" and global recovery [5] Group 3: Precious Metals - Precious metals like silver and platinum have also seen significant declines, influenced by overall market sentiment and technical factors such as annual commodity index rebalancing, which requires funds to adjust their holdings [3] - The decline in precious metals is part of a broader market correction, reflecting both emotional market responses and technical trading influences [4]