需求疲软、库存高位，决定行情高度受限，波动更多由消息面驱动而非基本面反转。 四、结论与策略 反内卷预期尚未完全降温，但现货端跟涨迟滞表明产业信心仍处修复期。在更高级别政策落地前，走势预计维持宽幅震荡、波动率高位。策略上，前期多头备兑组合建议止盈平仓，规避仓单压制与复产预期冲击；考虑构建跨式期权多头，灵活博弈消息驱动，规避方向性押注。责任编辑：朱赫楠
, in the sanctions list. Makki has been involved in raising funds, recruiting and radicalising youths to resort to violence and planning attacks in India, including the Mumbai terror attacks of 2008.
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