2007年3月上海期货交易所市场综述

MARKET REVIEW OF THE SHANGHAI FUTURES EXCHANGE IN MARCH 2007

铜：3月份，伦敦金属交易所（LME）期铜市场总体表现良好。尽管美国公布的一些疲弱的经济数据和股市的下跌给市场带来了压力，但LME铜库存的持续下降，中国1～2月份精炼铜进口的大幅增加，市场对全球经济稳定成长、铜需求保持旺盛的预期以及期锡和期镍价格连创历史新高等因素使铜价探底后强劲回升。三个月期铜价格月末收报6860美元（单位吨，下同，另注明的除外），较上月末涨845美元，波动区间为5810～6925美元。

In March 2007, the LME futures copper market performed favorably on thewhole. The continuous decline of LME copper stocks and the marked growth of imported refined copper to China in January and February led the copper price to bottom out. The LME 3-month copper price ended the month at US$ 6,860 per ton, up US$ 845 from the previous month. The Shanghai futures copper market fluctuated upward. The most active contract 0706 on the SHFE had a month close of 63,120 yuan, up 5,020 yuan from the previous month.