【假期间外围市场大跌背景下，国内铜价预计大幅低开】金十期货4月7日讯，当周铜现货进口维持亏损，洋山铜溢价环比下滑。现货方面，上周LME市场Cash/3M贴水51.4美元/吨，国内盘面走弱基差报价抬升，周五上海地区现货对期货升水35元/吨。废铜方面，上周国内精废价差缩窄至910元/吨，废铜替代优势降低，当周再生铜制杆企业开工率继续下滑。根据SMM调研数据，上周精铜制杆企业开工率回升，需求边际改善。价格层面，假期间外围市场大跌背景下，国内铜价预计大幅低开。由于美国征收关税导致需求担忧加大，叠加前期铜市场多头交易较为拥挤，铜价仍有进一步下探的风险，短期关注美股是否止跌、关税谈判进展和国内政策变化带来的宏观止跌信号，以及需求支撑力度。本周沪铜主力运行区间参考：70000-77000元/吨；伦铜3M运行区间参考：8200-9200美元/吨。
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