--- title: "《大行》花旗看好未来 6 至 12 个月铜价 目标明年次季铜价每吨 1.2 万美元" description: "花旗研究报告看好未来 6 至 12 个月铜价，预计明年第二季铜价将升至每吨 12,000 美元。尽管全球制造业情绪不佳，铜消耗量增长疲软，但预计明年周期性需求将增强，支持铜价上涨。短期内，中美贸易紧张局势可能对铜价构成压力，但若铜价下跌，投资者可能会趁低吸纳。未来铜价走势将取决于中美能否缓解贸易紧张。" type: "news" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/262336835.md" published_at: "2025-10-23T02:34:48.000Z" --- # 《大行》花旗看好未来 6 至 12 个月铜价 目标明年次季铜价每吨 1.2 万美元 > 花旗研究报告看好未来 6 至 12 个月铜价，预计明年第二季铜价将升至每吨 12,000 美元。尽管全球制造业情绪不佳，铜消耗量增长疲软，但预计明年周期性需求将增强，支持铜价上涨。短期内，中美贸易紧张局势可能对铜价构成压力，但若铜价下跌，投资者可能会趁低吸纳。未来铜价走势将取决于中美能否缓解贸易紧张。 花旗研究报告指，全球的制造业情绪依然参差，周期性需求增长仍面临压力。该行的追踪数据显示，今年 8 月铜消耗量增长依然疲软，仅按年升 1.3%，不及上半年由内地太阳能行业推动的强劲表现。 考虑到基数较高，该行预期今年余下时间的消耗量增长将保持温和，但仍看好铜价将於明年第二季升至每吨 12,000 美元，因预期明年的周期性需求将更强劲，加上矿产供应限制、货币贬值风险以及美国的套利行为，均支持铜价。 花旗看好未来 6 至 12 个月铜价。短期而言，该行料中美贸易紧张局势及股市回调风险会构成短期压力，但铜价若下跌将吸引投资者趁低吸纳，因此维持预期未来 3 个月铜价目标价每吨 11,000 美元。不过，该行认为下一波铜价走势，将取决於中美两国能否在未来 1 至 2 星期进行会晤，并缓解近期升级的贸易紧张局势。 ### Related Stocks - [C.US - 花旗](https://longbridge.com/zh-CN/quote/C.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Citigroup Says Signed And Closed The Sale Of AO Citibank, Citi’S Former Russian Subsidiary, To Renaissance Capital | Feb 18 (Reuters) - Citigroup Inc:CITIGROUP: SIGNED AND CLOSED THE SALE OF AO CITIBANK, CITI’S FORMER RUSSIAN SUBSIDIARY, | [Link](https://longbridge.com/zh-CN/news/276234739.md) | | Citigroup exits Russia after sale of former subsidiary | Feb 18 (Reuters) - Citigroup announced the sale of its former Russian subsidiary, AO Citibank, to Renaissance Capital on | [Link](https://longbridge.com/zh-CN/news/276236164.md) | | Citi to match federal government's $1K Trump Account contributions for employees' children | Citi announced it will match the federal government's $1,000 contributions to Trump Accounts for children born to U.S. w | [Link](https://longbridge.com/zh-CN/news/275041948.md) | | MOVES-Citi bolsters private bank leadership in North America push | Feb 19 (Reuters) - Citigroup’sPrivate Bank North America has appointed Chad Reddy as its market executive for the West, | [Link](https://longbridge.com/zh-CN/news/276392289.md) | | Former Citigroup unit in Russia says it is changing its name to RenCap Bank | Feb 13 (Reuters) - Citigroup’sformer Russian unit, AO Citibank, said on Friday it would change its name to RenCap Bank f | [Link](https://longbridge.com/zh-CN/news/275901701.md) | --- > **免责声明**：本文内容仅供参考，不构成任何投资建议。