瑞达期货研究院 1、周度要点小结 2、期现市场 3、产业情况 「 周度要点小结」 「2025.12.26」 沪铜市场周报 供给收敛需求韧性，沪铜或将震荡运行 研究员:陈思嘉 期货从业资格号 F03118799 期货投资咨询 从业证书号 Z0022803 取 更 多 资 讯 业务咨询 添加客服 关 注 我 们 获 目录 行情回顾：沪铜主力合约周线震荡偏强，周线涨跌幅为+5.95%，振幅6.79%。截止本周主力合约收盘报价98720元/吨。 后市展望：国际方面，美国经济第三季度以4.3%速度扩张，创两年来最快增速，但美国消费者信心指数连续五个月走低。 国内方面，国家发展改革委产业发展司发布文章《大力推动传统产业优化提升》。文章指出，对氧化铝、铜冶炼等强资源 约束型产业，关键在于强化管理、优化布局。鼓励大型骨干企业实施兼并重组，提升规模化、集团化水平，提高产业竞争 力。基本面原料端，铜精矿TC加工指数现货小幅下行，矿紧预期持续，铜价成本支撑逻辑坚固。供给端，国家政策方面对 铜等冶炼资源提出优化、约束管理，在原料供给持续偏紧的背景下，铜冶炼产能或将逐步收敛，国内精铜供给量增速逐渐 放缓。需求端，铜价强势运行，短期快速 ...

Group 1 - Copper Futures Quotes - The latest price of Shanghai Copper Weighted is 79,700, with a daily increase of 440 and a gain of 0.56%, and an open interest of 511,930 with a daily decrease of 1,420 [8] - The latest price of Shanghai Copper Main - Continuous is 79,740, with a daily increase of 480 and a gain of 0.61%, and an open interest of 166,726 with a daily increase of 9,780 [8] - The latest price of Shanghai Copper 2508 is 79,670, with a daily increase of 440 and a gain of 0.56%, and an open interest of 121,286 with a daily decrease of 16,331 [8] - The latest price of Shanghai Copper 2509 is 79,740, with a daily increase of 480 and a gain of 0.61%, and an open interest of 166,726 with a daily increase of 9,780 [8] - The latest price of Shanghai Copper 2510 is 79,770, with a daily increase of 380 and a gain of 0.48%, and an open interest of 83,373 with a daily increase of 3,768 [8] - The latest price of Shanghai Copper 2511 is 79,730, with a daily increase of 290 and a gain of 0.37%, and an open interest of 37,797 with a daily increase of 317 [8] - The latest price of Shanghai Copper 2512 is 79,680, with a daily increase of 480 and a gain of 0.61%, and an open interest of 37,003 with a daily increase of 508 [8] - The latest price of Shanghai Copper 2601 is 79,590, with a daily increase of 490 and a gain of 0.62%, and an open interest of 21,614 with a daily increase of 358 [8] - The latest price of Shanghai Copper 2602 is 79,570, with a daily increase of 430 and a gain of 0.54%, and an open interest of 19,433 with a daily increase of 50 [8]