Report Summary 1. Report Industry Investment Rating No information provided. 2. Core View - Affected by the news that China banned a Brazilian soybean ship from entering the country and suspended some Brazilian exporters from exporting soybeans, the near - month contract of soybean meal rose significantly today, and the monthly spread tends to be in a positive spread. The news is expected to have more impact on sentiment, with limited actual impact. The domestic market is expected to maintain a range - bound trend. Attention should be paid to weather changes in South America, and there is no obvious drought problem in the short - term weather [8]. 3. Summary by Related Content 3.1 Price and Spread Data - On November 27, the basis of the soybean meal main contract in Zhangjiagang was 75, down 20; the basis of 43% soybean meal spot in Tianjin, Rizhao, and Zhangjiagang was 35, - 15, - 25 respectively, down 20, 20, 40 respectively; the basis of soybean meal spot in Dongguan, Zhanjiang, and Fangcheng was - 55, down 40; the basis of rapeseed meal spot in Guangdong was - 37, down 136; M1 - M5 was 217, up 28; M1 - RM1 and RM1 - 5 data were also provided; the spot spread of soybean meal - rapeseed meal in Guangdong was 300, and the spread of the main contract was 586 [6][7]. 3.2 International and Inventory Data - The exchange rate of the US dollar against the RMB was 7.0434, and the Brazilian soybean CNF premium and import soybean gross profit data were provided. The inventory data of Chinese port soybeans, major domestic oil mills' soybeans and soybean meal, and the number of days of feed enterprises' soybean meal inventory were also presented, showing that domestic soybean and soybean meal inventories are at historically high levels [7]. 3.3 Supply and Demand Analysis - **Supply**: According to CONAB data, the predicted output of new Brazilian soybeans in 2025/26 will reach 177.6 million tons. As of November 15, the sowing rate of Brazilian soybeans was 69.0%, and as of November 13, the planting rate of Argentine soybeans in the 2025/26 season was 15%. It is necessary to pay attention to the relatively dry weather in southern Brazil and northern Argentina in the next few weeks. The domestic soybean meal is expected to reduce inventory from November to December, but the supply in the fourth quarter is still expected to be loose. The progress of ship - buying for the December - January shipment is slow, and the supply gap in the first quarter of next year is uncertain [7][8]. - **Demand**: Livestock and poultry are expected to maintain a high inventory in the short - term, supporting feed demand. However, the current breeding profit is in a loss, and national policies tend to control the inventory and weight of pigs, which may affect the long - term supply. The soybean meal has relatively high cost - effectiveness, and the far - month trading volume of the soybean meal downstream has increased recently, with good提货 performance [8].

直纺短纤负荷(周) 品出口询盘明显增加,国内聚酯出口前景 88. 37% 89. 32% 0. 95% 观。瓶片、短纤成本跟随。以上数据来自 涤纶短纤产销 44. 00% 46. 00% 2. 00% Itto 涤纱开机率(周) 66. 00% 66. 00% 0. 00% 再生棉型负荷指数(周) 51. 10% 51. 10% 0. 00% 涤纶短纤与纯涤纱价格 涤纶短纤现金流 14000 10000 10000 1800 年会命德提SZEL (器皮) 照日品2251 (探偵) 太理念榜■ 条短现金流 = 1.4D直线投 9000 9000 13000 1400 8000 8000 12000 1000 7000 7000 6000 11000 600 6000 5000 200 T0000 5000 4000 4000 -200 9000 + 3000 2021-01-01 2022-01-01 2023-01-01 2024-01-01 2025-01-01 2021-01-01 2022-01-01 2023-01-01 2024-01-01 2025-01-01 涂棉纱65/35 45S价格与利润 ...

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints - PTA market: The intraday crude oil market showed weak oscillations. The gasoline cracking spread in the US narrowed, and the price of MX in the US declined. The positive impact of the gasoline blending logic on the PTA market ended, leading to a drop in the PTA market. However, the PX market remained firm under the influence of multiple factors. The increase in PX price was mainly driven by the support of gasoline blending value and the stabilization and recovery of the by - product benzene price. The export prospects of PTA improved due to India's cancellation of the BIS certification restriction on PTA imports, boosting the PX procurement sentiment. Currently, the PTA supply has slightly tightened, while the polyester industry's operating rate has remained stable, and the overall load has remained above 90%. The export prospects of domestic polyester are still optimistic [2]. - MEG market: The inventory of ethylene glycol ports in East China increased significantly compared to last week, with an increase of 120,000 tons. The ethylene price could not support the strengthening of the ethylene glycol price. The commissioning of new plants continued to put pressure on the ethylene glycol price, and the spot shortage caused by low inventory was mainly reflected in the basis. The decline in coal prices reduced the price support for ethylene glycol. The subsequent export demand for textile and clothing and the downstream weaving load may remain optimistic [2]. 3. Summary by Relevant Catalogs 3.1 Market Quotes - **Crude Oil and PTA - Crude Oil**: The price of INE crude oil rose from 445.0 yuan/barrel on November 26, 2025, to 447.6 yuan/barrel on November 27, 2025, an increase of 2.6 yuan/barrel. The PTA - SC spread decreased from 1450.1 yuan/ton to 1379.2 yuan/ton, a decrease of 70.89 yuan/ton. The PTA/SC ratio decreased from 1.4484 to 1.4240, a decrease of 0.0244 [2]. - **PX**: The CFR China PX price decreased from 829 to 826, a decrease of 3. The PX - naphtha spread remained unchanged at 268 [2]. - **PTA**: The PTA main futures price decreased from 4684 yuan/ton to 4632 yuan/ton, a decrease of 52.0 yuan/ton. The PTA spot price decreased from 4635 yuan/ton to 4610 yuan/ton, a decrease of 25.0 yuan/ton. The spot processing fee decreased from 204.2 yuan/ton to 196.3 yuan/ton, a decrease of 7.9 yuan/ton. The on - disk processing fee decreased from 253.2 yuan/ton to 218.3 yuan/ton, a decrease of 34.9 yuan/ton. The main basis decreased from (31) to (36), a decrease of 5.0. The number of PTA warehouse receipts increased from 121,036 to 123,197, an increase of 2,161 [2]. - **MEG**: The MEG main futures price decreased from 3896 yuan/ton to 3873 yuan/ton, a decrease of 23.0 yuan/ton. The MEG - naphtha spread decreased from (140.68) to (140.87), a decrease of 0.2. The MEG domestic price decreased from 3904 to 3900, a decrease of 4.0. The main basis decreased from 33 to 5, a decrease of 28.0 [2]. 3.2 Industrial Chain Operating Conditions - **PX Operating Rate**: Remained unchanged at 86.48% [2]. - **PTA Operating Rate**: Increased from 73.44% to 74.77%, an increase of 1.33% [2]. - **MEG Operating Rate**: Increased from 61.48% to 63.48%, an increase of 2.00% [2]. - **Polyester Load**: Remained unchanged at 89.19% [2]. 3.3 Polyester Product Situation - **Polyester Filament**: The price of POY150D/48F remained unchanged at 6490, and the POY cash flow increased from (31) to (8), an increase of 23.0. The price of FDY150D/96F decreased from 6760 to 6755, a decrease of 5.0, and the FDY cash flow increased from (261) to (243), an increase of 18.0. The price of DTY150D/48F remained unchanged at 7855, and the DTY cash flow increased from 134 to 157, an increase of 23.0. The filament production and sales rate decreased from 54% to 45%, a decrease of 9% [2]. - **Polyester Staple Fiber**: The price of 1.4D direct - spun polyester staple fiber decreased from 6380 to 6365, a decrease of 15. The polyester staple fiber cash flow increased from 209 to 217, an increase of 8.0. The staple fiber production and sales rate decreased from 53% to 41%, a decrease of 12% [2]. - **Polyester Chip**: The price of semi - bright chips remained unchanged at 5550, and the chip cash flow increased from (71) to (48), an increase of 23.0. The chip production and sales rate decreased from 72% to 56%, a decrease of 16% [2]. 3.4 Device Maintenance - A 2.5 - million - ton PTA device in East China is currently restarting and is expected to produce products soon. The device was shut down for maintenance around November 17 [2].

1. Report Industry Investment Rating - There is no information about the report industry investment rating in the provided content. 2. Core Viewpoints of the Report - The inter - bank market liquidity remains loose, with the overnight repurchase rate of deposit - taking institutions staying around 1.32%. The November LPR quotes remain unchanged [4]. - The stock index rose and then fell yesterday, showing an overall volatile performance. It is expected that market differences will be gradually digested during the stock index's volatile adjustment, and the index is expected to rise further with the emergence of new mainlines. The bottom - fishing effect of Central Huijin provides a certain buffer, and the downside risk of the index is generally controllable. The recent market adjustment offers an opportunity to lay out for the further rise of the stock index next year [6]. 3. Summary According to Relevant Catalogs 3.1 Macro - financial Data - **Interest Rates**: DR001 closed at 1.31%, down 0.04bp; DR007 at 1.45%, down 2.79bp; GC001 at 1.38%, down 6.50bp; GC007 at 1.52%, down 1.00bp; SHBOR 3M at 1.58%, up 0.10bp; LPR 5 - year at 3.50%, unchanged; 1 - year treasury bond at 1.35%, down 0.60bp; 5 - year treasury bond at 1.57%, up 0.20bp; 10 - year treasury bond at 1.84%, down 0.10bp; 10 - year US treasury bond at 4.00%, down 1.00bp [3]. - **Central Bank Operations**: The central bank conducted 356.4 billion yuan of 7 - day reverse repurchase operations yesterday at an operating rate of 1.40%. With 300 billion yuan of reverse repurchases maturing on the same day, the net investment for the day was 56.4 billion yuan [3]. 3.2 Stock Index Market - **Closing Prices and Changes**: The CSI 300 closed at 4515, down 0.05%; the SSE 50 at 2972, up 0.02%; the CSI 500 at 6951.3, down 0.2%; the CSI 1000 at 7257.5, up 0.12%. The trading volume of the two stock markets in Shanghai and Shenzhen was 1.7098 trillion yuan, a decrease of 73.6 billion yuan from the previous day. Industry sectors showed mixed performance, with papermaking, batteries, consumer electronics, photovoltaic equipment, and chemical raw materials sectors leading the gains, while cultural media, cement building materials, Internet services, pharmaceutical commerce, and gaming sectors leading the losses [5]. - **Futures Contracts**: IF volume was 100,893, up 3.7%; IF open interest was 264,196, up 1.9%; IH volume was 42,497, up 19.7%; IH open interest was 92,285, up 7.0%; IC volume was 112,976, up 5.6%; IC open interest was 254,570, up 2.2%; IM volume was 183,443, up 3.3%; IM open interest was 364,043, up 0.8% [5]. 3.3 Futures Contract Premium and Discount - **IF**: The premium/discount rates for the current - month, next - month, current - quarter, and next - quarter contracts were 8.38%, 6.21%, 3.95%, and 3.99% respectively [7]. - **IH**: The premium/discount rates for the current - month, next - month, current - quarter, and next - quarter contracts were 5.51%, 3.70%, 1.81%, and 1.63% respectively [7]. - **IC**: The premium/discount rates for the current - month, next - month, current - quarter, and next - quarter contracts were 13.15%, 11.90%, 10.34%, and 11.10% respectively [7]. - **IM**: The premium/discount rates for the current - month, next - month, current - quarter, and next - quarter contracts were 17.93%, 15.48%, 13.47%, and 13.25% respectively [7].

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints of the Report - The market's expectation of the Fed's rate cut in December is still high, which supports the precious metal prices. However, the easing of geopolitical tensions and the neutral economic data in the US limit the upward movement of precious metal prices. The domestic silver inventory is at a near - decade low, causing the silver price to rise against the gold price. In the short - term, gold is expected to fluctuate in a high - level range, and silver may fluctuate strongly, but attention should be paid to inventory changes. In the long - term, due to factors such as the Fed's rate - cut cycle, geopolitical uncertainties, and the continuation of central bank gold purchases, the long - term center of gold prices is likely to move up, and long - term investors are advised to buy on dips [6] Group 3: Summary by Related Catalogs 1. Price Tracking - **Precious Metal Prices**: On November 27, 2025, London gold spot was at $4157.26/ounce, London silver spot at $53.42/ounce, COMEX gold at $4189.80/ounce, and COMEX silver at $53.97/ounce. Compared with November 26, the price of London gold spot increased by 0.2%, London silver spot by 2.9%, COMEX gold by 0.1%, and COMEX silver by 3.2%. The prices of domestic gold and silver futures also showed certain increases, with the Shanghai gold futures main contract rising 0.14% to 947.16 yuan/gram and the Shanghai silver futures main contract rising 3.35% to 12525 yuan/kilogram [3][5] - **Price Spreads and Ratios**: The gold TD - SHFE active price spread was - 1.6 yuan/gram on November 27, with a 15.9% increase compared to the previous day. The silver TD - SHFE active price spread was - 13 yuan/kilogram, a - 35.0% change. The gold and silver price ratios and spreads between domestic and foreign markets also had different degrees of changes [5] 2. Position Data - As of November 26, 2025, the gold ETF - SPDR was 1045.43 tons, with a 0.44% increase compared to November 25. The silver ETF - SLV was 15582.3342 tons, unchanged. The non - commercial long and short positions of COMEX gold and silver also had corresponding changes, with the non - commercial net long position of COMEX gold decreasing by 12.09% [5] 3. Inventory Data - On November 27, 2025, the SHFE gold inventory was 90423.00 kilograms, unchanged from the previous day, and the SHFE silver inventory was 546976.00 kilograms, a 2.97% increase. The COMEX gold and silver inventories also had slight changes [5] 4. Interest Rates, Exchange Rates, and Stock Market Data - On November 27, 2025, the US dollar/Chinese yuan central parity rate was 7.08, a - 0.02% change. The US dollar index was 99.59, a - 0.22% change. The yields of 2 - year and 10 - year US Treasury bonds, VIX, S&P 500, and NYWEX crude oil also had different degrees of changes [5] 5. Market Review - On November 27, the Shanghai gold futures main contract closed up 0.14% to 947.16 yuan/gram, and the Shanghai silver futures main contract closed up 3.35% to 12525 yuan/kilogram [5] 6. Influencing Factors Analysis and Short - Term Outlook - Although the US weekly initial jobless claims dropped to the lowest level since mid - April, the US economic beige book showed that the Trump administration shutdown had a negative impact on consumer purchases. The market's high expectation of the Fed's rate cut in December supports precious metal prices, but geopolitical tensions easing and neutral economic data limit the upward movement. The low domestic silver inventory has led to a rise in silver prices. In the short - term, gold may fluctuate in a high - level range, and silver may fluctuate strongly, but attention should be paid to inventory changes [6] 7. Medium - and Long - Term Viewpoints - In the medium - and long - term, the Fed is still in a rate - cut cycle, global geopolitical uncertainties persist, the US debt is unsustainable, and great - power competition intensifies, increasing the long - term risk of the US dollar's credit. The continuation of central bank gold purchases will likely drive up the long - term center of gold prices. Long - term investors are advised to buy on dips [6]

| | | | 1 1 1 发布日期:202 | | --- | --- | --- | --- | | 业分符号:上02017 | | | | | 行业板块 | 品种 | 超势研判 | 逻辑观点精粹及策略参考 | | | | | 预计年内市场分歧将在股指震荡调整过程中逐步消化,后续有望 | | | 肢指 | | 随着新主线的出现推动股指进一步上行。与此同时,中央汇金的 托底作用为市场提供了一定缓冲,指数下行风险整体可控。从策 | | 宏观金融。必 | | | 略角度看,近期市场的调整为明年股指进一步上行提供了布局机 会,交易者可考虑在市场调整阶段逐步建立多头头寸,并借助股 | | | | | 指期货的贴水结构提升长线投资的胜率。 | | | 国 债 | 震荡 | 资产荒和弱经济利好债期,但短期央行提示利率风险,压制上涨 怪啊。 | | | | | 近期美联储降息预期提升,市场情绪向好,叠加产业面存在支 | | | | | 撑,铜价偏强运行。 | | | | 有为说 | 近期产业面驱动有限，而宏观情绪向好,铝价回升。 | | | 氧化铝 | | 国内氧化铝产量及库存继续双增,基本面维持偏弱格局,近期价 格继续 ...

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Views - The steel market is expected to fluctuate within a narrow range. Prices are supported at the 3000 low but the upside is limited due to weak demand. Steel production is likely to decline gradually as the industry awaits the implementation of the production cut logic [2]. - The prices of silicon - iron and manganese - silicon are oscillating with insufficient driving forces. With steel prices under pressure, demand for these alloys is weakening, and the supply - demand surplus will continue to weigh on prices [3][5]. - For coking coal and coke, the current decline may be nearing its end from a valuation perspective. However, the market may need to wait for a while from a driving force perspective, and the next round of downstream restocking may start around mid - December [6]. - The fundamentals of iron ore remain weak with clear upward pressure. Inventory is expected to continue to accumulate due to reduced steel production, and the operation strategy is to sell on rallies [7]. 3. Summary by Category Steel - On November 27, the closing prices of far - month contracts RB2605 and HC2605 were 3105.00 yuan/ton and 3281.00 yuan/ton respectively, with daily declines of 0.38% and 0.33%. The closing prices of near - month contracts RB2601 and HC2601 were 3093.00 yuan/ton and 3293.00 yuan/ton respectively, with daily declines of 0.13% and 0.27% [1]. - The price is in a narrow - range oscillation. There is an impulse to rebound, but the upside is limited due to weak demand. The industry contradiction is not prominent, and the price is likely to remain within the range. The production cut logic needs time to be realized [2]. - Investment strategy: Treat the single - side with an interval oscillation mindset; consider participating in spot - futures positive arbitrage for hot - rolled coils or use option strategies to assist spot sales [8]. Silicon - iron and Manganese - silicon - The prices are oscillating with insufficient driving forces. The macro - policy has expected benefits but is unconfirmed. The direct demand has weakened significantly, and the weekly apparent demand has dropped to the lowest point of the year. The supply - demand surplus persists, and prices will be under pressure [3][5]. - Investment strategy: Investment clients can short on rallies, and industrial clients can use put - writing options to protect their spot exposure [8]. Coking Coal and Coke - On November 27, the closing prices of far - month contracts J2605 and JM2605 were 1751.00 yuan/ton and 1165.00 yuan/ton respectively, with daily declines of 0.43% and 0.21%. The closing prices of near - month contracts J2601 and JM2601 were 1607.00 yuan/ton and 1071.00 yuan/ton respectively [1]. - The spot market sentiment is weakening, with coke having a price cut expectation and most coking coal spot auctions falling. From a valuation perspective, the decline is approaching the end, but the market may need to wait for a while. The next round of downstream restocking may start around mid - December [6]. - Investment strategy: Treat the single - side with a short - term mindset for now, wait and see for the medium - and long - term, and liquidate hedging short positions [8]. Iron Ore - The short - term arrival of iron ore has weakened slightly, but the subsequent shipment is not greatly affected. With the decline of molten iron and steel production, the inventory will continue to accumulate. Although the price has rebounded at the bottom of the range, it is difficult to break through the range due to inventory pressure [7]. - Investment strategy: Hold short positions [8].

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core View - The pulp market is expected to fluctuate. Recent pulp warehouse receipts have seen cancellations and new registrations [6]. - On the supply side, Chile's Arauco Company's October offer for coniferous pulp Silver Star decreased by $20/ton to $680/ton, while the offer for hardwood pulp Star remained flat at $540/ton, and the offer for natural pulp Venus remained unchanged at $590/ton [6]. - On the demand side, recent pulp - using paper products have issued price - increase letters. Only the price increase of white cardboard has been well - implemented, and double - offset paper has issued new price - increase letters, with the implementation to be monitored [6]. - On the inventory side, as of November 27, 2025, the inventory of mainstream pulp ports in China was 217.2 tons, a decrease of 0.1 tons from the previous period, a 0.05% month - on - month decrease, showing a slight de - stocking trend [6]. 3. Summary by Relevant Catalogs Pulp Price Data - **Futures Prices**: On November 27, 2025, SP2601 was 5184 yuan/ton, down 0.46% day - on - day and 2.15% week - on - week; SP2512 was 4670 yuan/ton, down 0.98% day - on - day and 3.87% week - on - week; SP2605 was 5234 yuan/ton, down 0.49% day - on - day and 1.99% week - on - week [6]. - **Spot Prices**: Coniferous pulp Silver Star was 5400 yuan/ton, unchanged day - on - day and down 1.82% week - on - week; coniferous pulp Russian Needle was 5170 yuan/ton, unchanged day - on - day and down 3.36% week - on - week; hardwood pulp Goldfish was 4400 yuan/ton, unchanged both day - on - day and week - on - week [6]. - **Outer - Market Quotes**: Chilean Silver Star was $680/ton, down 2.86% month - on - month; Brazilian Goldfish was $530/ton, up 3.92% month - on - month; Chilean Venus was $590/ton, unchanged month - on - month [6]. - **Import Costs**: Chilean Silver Star was 5721 yuan/ton, down 2.83% month - on - month; Brazilian Goldfish was 4344 yuan/ton, up 3.87% month - on - month; Chilean Venus was 4830 yuan/ton, unchanged month - on - month [6]. Pulp Fundamental Data - **Supply**: In October 2025, the import volume of coniferous pulp was 69.1 tons, unchanged from September; the import volume of hardwood pulp was 131.8 tons, down from 135.6 tons in September. The domestic production of hardwood pulp and chemimechanical pulp fluctuated slightly in different periods. The pulp port inventory on November 27, 2025, was 217.2 tons, down 0.1 tons from the previous period [6]. - **Demand**: The production of double - offset paper, coated paper, tissue paper, and white cardboard also fluctuated in different periods. For example, the production of double - offset paper on November 27, 2025, was 20.80 tons [6]. - **Inventory**: As of November 27, 2025, the pulp port inventory was 217.2 tons, down 0.1 tons from the previous period, a 0.05% decrease. The futures delivery warehouse inventory was 21.1 tons [6]. Pulp Valuation Data - **Basis**: On November 27, 2025, the Russian Needle basis was 500, with a quantile level of 0.952; the Silver Star basis was 730, with a quantile level of 0.926 [6]. - **Import Profit**: On November 27, 2025, the import profit of coniferous pulp Silver Star was - 159, with a quantile level of 0.378; the import profit of hardwood pulp Goldfish was 56, with a quantile level of 0.705 [6].

Report Industry Investment Rating - No information provided Core View of the Report - The terminal demand for lithium carbonate remains strong, but due to a large number of profit - taking positions accumulated from the previous sharp rise and the negative sentiment from overseas mines, there is short - term downward pressure on lithium carbonate prices, and the price may fluctuate widely after stabilizing [3] Summary by Relevant Catalogs Lithium Compounds - SMM battery - grade lithium carbonate has an average price of 93,300 yuan, up 500 yuan; SMM industrial - grade lithium carbonate has an average price of 90,850 yuan, up 450 yuan [1] Lithium Carbonate Futures Contracts - The closing prices and price changes of lithium carbonate futures contracts from 2512 to 2604 are provided, with price declines ranging from 1.41% to 1.9% [1] Lithium Ore - Lithium spodumene concentrate (CIF China) has an average price of 1126 yuan, up 13 yuan; lithium mica with different Li₂O contents (1.5% - 2.0%, 2.0% - 2.5%) and phospho - lithium - aluminum stone with different Li₂O contents (6% - 7%, 7% - 8%) also have their respective average prices and price changes [1][2] Cathode Materials - The average prices and price changes of cathode materials such as lithium iron phosphate (power type), ternary material 811 (polycrystalline/power type), ternary material 523 (single - crystal/power type), and ternary material 613 (single - crystal/power type) are provided [2] Price Spreads - The current values and change values of price spreads such as battery - grade lithium carbonate - industrial - grade lithium carbonate, battery - grade lithium carbonate - main contract, near - month - first - continuous, and near - month - second - continuous are provided [2] Inventory - The total inventory (weekly, tons), inventory of smelters (weekly, tons), downstream inventory (weekly, tons), other inventory (weekly, tons), and registered warehouse receipts (daily, tons) are provided, with corresponding changes [2] Profit Estimation - The cash costs and profits of purchasing lithium spodumene concentrate and lithium mica concentrate are estimated [3] Industry News - This week, lithium carbonate production decreased by 265 tons and inventory decreased by 2452 tons; the national new - type energy storage installed capacity exceeds 100 million kilowatts, 30 times that at the end of the "13th Five - Year Plan" [3]

500 FEE CATENZ 国 流的衍生品综合服务 方 生 网 月屋 Fire 400-8888-598 www.itf.com.cn | 投资咨询业务资格:证监许可【2012】31号 | | | I C E H B E F B E F B | | --- | --- | --- | --- | | 有色金属数据日报 | | | | | 国贸期货研究员 | | 方冒强 | 投资咨询号:Z0015300 从业资格号:F3043701 2025/11/27 | | 有色金属研究中心 谢灵 | | | 投资咨询号:Z0015788 从业资格号:F3040017 | | 价格指标 15:00期货价格 现货价格 | | 变化 (%) | 变化 (%) 图表 | | 制 10876 10848 | | 0. 75 | 0.7 LME有色金属期货库存(吨) | | 锌 3118 2986. 5 | | -0. 59 | -0.3 | | LME 1961.5 2809 铝 | | 0.08 | 1500000 -0. 21 | | (美元/吨) | | | | | 镍 14650 14865 期货与现货 | | 1.45 ...