【供应端的扰动对铜价有望形成提振作用，继续保持中期多配的策略】金十期货3月6日讯，3月4日德国即将组建的新一届执政联盟在财政和国防政策上迈出关键一步，同意设立5000亿欧元基础设施基金，并调整宪法规定的“债务刹车”规则。核心内容：债务改革+基建投资5000亿欧元基础设施基金：主要用于改善基础设施，推动经济增长。调整“债务刹车”规则：允许国防支出占GDP比重超过1%，不再受财政赤字上限限制，以扩大军事和基础设施投资。影响：欧洲防务压力和经济刺激举措对铜为代表的基本金属是利好刺激，欧洲铜消费有望延续较好的表现，LME铜价上扬至年内高点，关注LME后期去库情况。同时，由于铜精矿TC处于历史低位，冶炼厂亏损加剧，二季度减产的可能增加。消费旺季，供应端的扰动对铜价有望形成提振作用。继续保持中期多配的策略。
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