0引言尽管2003年铜市场受到“美伊战争”、“非典”等不利因素的影响一度受挫,但随着这些不利因素的消散,全球经济复苏进程加快、中国市场恢复快速发展、铜市场供求平衡关系转变等根本性的利好因素纷纷浮出水面,同时在基金的大力炒作推动下,铜价自2003年10月份出现“井喷”式上 0 Introduction Although the copper market was thwarted by unfavorable factors such as the “U.S.-Iraq war” and “atypical pneumonia” in 2003, as the unfavorable factors dissipated, the global economic recovery accelerated and the Chinese market resumed its rapid growth with a balance between supply and demand in the copper market The transformation of relations and other fundamental positive factors have surfaced, while vigorously speculation in the fund to promote copper prices since October 2003, “blowout” style