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供应扰动不断 伦锡有望创记录新高-期货频道-和讯网


一、上半年锡行情回顾
2021年上半年,受益于需求强劲增长及供应端干扰不断,锡价上涨4成左右,是有色金属中表现最好的品种。1月份,缅甸佤邦疫情加剧紧急封城,锡矿运输受到扰动,并且沪锡库存出现快速回落,投机资金炒作供应端收缩,推动沪锡冲从15万上涨到17万。2月初,沪锡需求回落,沪锡库存快速回升令锡价承压,沪锡一度跌至16万附近,但银漫锡矿因生产事故意外停产、华锡集团检修及印尼2月锡锭出口大幅下降等因素共振,投资者对供应端炒作加剧,伦锡一度出现快速大幅挤仓,沪锡从16.5万附近,快速上涨到19万上方,但2月底前沪伦锡库存持续回升,锡矿加工费大幅回升,锡锭供应端收缩炒作逻辑松动,投机资金快速撤离推动锡价回落。3月份,国内锡主板块焊料消费复苏缓慢,沪锡库存持续回升,并且投机资金持续撤离,� ....

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