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📅 2026-10-27 · 上海期貨・銅主力 · 銘柄別深度レポート

本レポート提供元 MacroTerms.com

データ基準日: 2026-10-26 · 決済基準: 取引所決済価格（北京時間15:00終値、前回決済比）

Copper (CU2612) Deep Analysis | Bullish: Inventory Drawdown + Premium Recovery | 2026-10-27

Copper is bullish. The core logic is threefold: First, SHFE warehouse stocks fell sharply by 39.6% to 16,219 tons over three days, with a cumulative net outflow of 10,436 tons over the past 20 periods, indicating tight deliverable sources in China. Second, the tax-adjusted premium between international and Chinese markets retreated from +1.16% to +0.11% after conversion, with Shanghai Futures Exchange (SHFE) premiums showing support as the Yangshan premium rose to $160 per ton, indicating import cost support. Third, the net short position of the top 20 traders narrowed by 3,633 hands day-on-day, accompanied by main contract long position increases, indicating active long-side building by bulls. Invalidating condition: Daily close below 107,680 (next pivot S1).

銘柄別深度レポート 深度分析

上海期貨・金主力SHFE.AU 2026-10-27
SHFE Gold 2612 Deep Report | Bearish: Accelerated Deleveraging Before FOMC, Below 856.29 Target 849 | 2026-10-27
SHORT1-5dalignedrevised
深掘り読む
上海期貨・銀主力SHFE.AG 2026-10-09
Shanghai Silver (SHFE.AG) In-Depth Analysis Report | Bears in Control, Below 14745 Target 14220 | 2026-10-09
SHORTneutral_contextrevised旧カバレッジ
深掘り読む
上海期貨・銅主力SHFE.CU 2026-10-27
Copper (CU2612) Deep Analysis | Bullish: Inventory Drawdown + Premium Recovery | 2026-10-27
LONGneutral_contextrevised
深掘り読む
上海期貨・鉄筋主力SHFE.RB 2026-10-27
Rebar (RB2701) Deep Analysis Report | Bearish: Increased Positioning and Falling Coupled with Inventory Accumulation | 2026-10-27
SHORTdaily-briefalignedrevised
深掘り読む
苛性ソーダCZCE.SH 2026-10-27
CZCE.SH(CZCE.SH) Deep Analysis Report | Caustic Soda Runs Weakly | 2026-10-27
SHORTno_house_viewrevised
深掘り読む
大連・鉄鉱石主力DCE.I 2026-10-27
Iron Ore (DCE.I) In-Depth Analysis Report | Bearish, Target 664.5 | 2026-10-27
SHORTneutral_contextrevised
深掘り読む
ブタジエンゴムSHFE.BR 2026-10-27
SHFE Butadiene Rubber Main Continuous (SHFE.BR) In-Depth Analysis Report | Short Covering Drives Short-Term Price Rebound | 2026-10-27
SHORTno_house_view
深掘り読む
上海期貨・燃料油SHFE.FU 2026-10-27
SHFE.FU(SHFE.FU) Deep Analysis Report | Price Approaching 5223 Level, Short Covering Drives Bias to the Upside | 2026-10-27
LONGno_house_viewrevised
深掘り読む
上海期貨・ニッケル主力SHFE.NI 2026-10-27
SHFE Nickel (SHFE.NI) Deep Analysis Report | Bearish Outlook as 117960 Approaches Lower Band | 2026-10-27
SHORTno_house_view
深掘り読む

過去のレポート

2026-10-29：銘柄別SHFE Copper (CU2612) In-Depth Analysis | Bullish, Inventory Destocking + Premium Recovery in Tandem | 2026-10-29 見る 2026-10-28：銘柄別SHFE Copper (CU2612) In-Depth Analysis | Bullish: Destocking + Premium Rebound, Night Session Breaks Pivot P | 2026-10-28 見る 2026-10-26：銘柄別SHFE Copper (SHFE.CU) Deep Analysis Report | Bearish Observation 107900 Settlement | 2026-10-26 見る 2026-10-25：銘柄別SHFE Copper (SHFE.CU) Deep Analysis Report | Bearish Watch | 2026-10-25 見る 2026-10-24：銘柄別Copper (SHFE.CU) Deep Analysis Report | Bearish Logic Complete | 2026-10-24 見る 2026-10-23：銘柄別Shanghai Copper (CU2611) In-depth Analysis Report | Bearish Bias: Breaks Below 20-Day Channel Lower Band on Rising Open Interest | 2026-10-23 見る 2026-10-22：銘柄別Shanghai Copper (CU2611) In-depth Analysis Report | Bearish Bias: Inventory Drawdown Cannot Offset International Fund Position Cuts | 2026-10-22 見る 2026-10-21：銘柄別Shanghai Copper (CU2611) In-depth Analysis | Bullish Bias: Inventory Destocking and Domestic-External Resonance, 109833 as Bull-Bear Watershed | 2026-10-21 見る 2026-10-20：銘柄別SHFE Copper (CU2611) In-Depth Analysis Report | Slightly Bullish: Destocking Plus Short Covering | 2026-10-20 見る 2026-10-19：銘柄別SHFE Copper (CU2611) In-depth Analysis Report | Bullish Bias: Inventory Destocking and High Copper-Gold Ratio Resonance | 2026-10-19 見る 2026-10-18：銘柄別SHFE Copper (CU2611) In-Depth Analysis Report | Bearish Bias: LME Inventory Down, SHFE Up; Seat Net Shorts Expand | 2026-10-18 見る 2026-10-17：銘柄別Shanghai Copper (CU2611) In-Depth Analysis Report | Bearish Bias: Inventory Turning Point and Expanding Net Short Positions | 2026-10-17 見る 2026-10-16：銘柄別SHFE Copper (CU2611) In-depth Analysis | Bearish: Inventory Surge Combined with Expanding Net Shorts | 2026-10-16 見る 2026-10-15：銘柄別SHFE Copper (CU2611) In-Depth Analysis Report | Bullish Bias: Inventory Destocking Coupled with Strengthening International and China Market Premiums | 2026-10-15 見る 2026-10-14：銘柄別Deep Analysis of SHFE Copper: Bullish, Copper-Gold Ratio at Historical Extreme Percentile | 2026-10-14 見る 2026-10-13：銘柄別SHFE Copper (CU2611) In-depth Analysis Report | Bullish Bias: Inventory Destocking and Copper-Gold Ratio Resonance | 2026-10-13 見る 2026-10-12：銘柄別SHFE Copper (CU2611) In-Depth Analysis | International Market Strength vs. China Market Position-Cut Divergence, Bullish but Needs Confirmation | 2026-10-12 見る 2026-10-11：銘柄別SHFE Copper (SHFE.CU) In-Depth Analysis Report | Bullish | 2026-10-11 見る 2026-10-10：銘柄別In-Depth Analysis of SHFE Copper: Bullish Bias and International vs. Chinese Market Premium | 2026-10-10 見る 2026-10-09：銘柄別旧カバレッジSHFE Copper (SHFE.CU) In-Depth Analysis Report | Bullish Bias | 2026-10-09 見る

⟠ 今月の戦略バックテスト

日報AI取引アイデアを日次で客観精算 · ストップ/ターゲット自動判定

* バックテストは日報の取引アイデアを日次で精算：ストップ/ターゲットの先到を優先、期間末は終値で手仕舞い。過去の成績は将来を保証しません。