氧化铝与电解铝日评20250416: 几内亚铝土矿增产引导供给趋松, 国内铝锭和铝棒总库存量环比减少 | | 变量名称 | 2025-04-15 | 2025-04-14 | 2025-04-09 | 较昨日变动 | 近期走势 | | --- | --- | --- | --- | --- | --- | --- | | | 收盘价 | 195961 | 19685 | 19325 | -90.00 | | | 沪铝期货活跃合约 | 成交量(手) | 121769 | 145868 | 253606 | -24,099.00 | | | | 持仓量(手) | 213807 | 200700 | 144603 | 13, 107. 00 | | | | 库存(吨) | 68100 | 102713 | 112787 | -1,524.00 | | | 沪铝基差 | SMM A00电解铝平均价 | 19680 | 19760 | 19530 | -80.00 | | | (现货与期货) | 沪铝基差 | 85 | 75 | 205 | 10.00 | | | | 沪铝近月-沪铝连一 | -65 | 10 | 75 ...

| | | | 品aree中話系数升高引导演脸「生产成本超升并亏损而或病产，使中国际破壞月生产出口量或坏化增加减少》则果金2月20日起質停放出口4个月升考虑实施并出口问题。引导电解拍与価酸， | | --- | | 陆新增产能爬旋或使丹生产量环比增加和瓶展/盐及四氧/三硅生产成本超升，部分法部厂根价下降，数码电子等下游采购意原标。使中国电酸锂丹生产量或和砂糖加；中国进口硫酸剂 | | 有所下降，全球中国)適口氧化硫矿出勘剖筋、库存量较上周减少償加、减少）中国电解二氧化硫周度生产毛利为正、使中国电解二氧化硫硫酸塑型1月生产(出口)量环比增加(增加、增 | | 加）中国超耀9月生产量或不比增加；中国三元舰队内景加工费和亿南所下降，外采原符三元前巡体反度生产成本为0000元吨日生产税润为负、中国三元前级体归生产量或球比增加， | | 中国模ස්ය: CO.L一元前驱体4月出口量或私比减少:中国三元材料月度加工要环化有所下降, 多晶信费型:5。三元材料月度平均生产成本为11.700元吨日生产和润为负。中国三元材料厂 库存量数 | | 上同領』、或使中国三元材料月生产基础化質加、中国精路流30.5元正版材料月进口出口国 ...

Report Industry Investment Rating - Not provided in the content Core View of the Report - The report recommends a strategy of buying on dips for urea futures. The reasons are that the absolute price is at a low level, there is demand expectation during the peak season, and the inventory reduction pressure on the upstream is not significant [1]. Summary by Relevant Catalogs Urea Futures and Spot Prices - UR01 closed at 1738 yuan/ton on April 15, down 22 yuan or 1.25% from the previous day; UR05 closed at 1816 yuan/ton, up 14 yuan or 0.77%; UR09 closed at 1767 yuan/ton, down 22 yuan or 1.23% [1]. - Domestic spot prices in various regions showed different changes. For example, in Shandong, the price was 1900 yuan/ton, down 10 yuan or 0.53%; in Shanxi, it was 1770 yuan/ton, up 20 yuan or 1.13% [1]. Upstream and Downstream Prices - The anthracite prices in Henan and Shanxi remained unchanged at 1180 yuan/ton and 850 yuan/ton respectively; the compound fertilizer (45%S) prices in Shandong and Henan were stable at 3000 yuan/ton and 2580 yuan/ton [1]. - The melamine price in Shandong remained unchanged at 5650 yuan/ton, while in Jiangsu, it dropped 100 yuan or 1.72% to 5700 yuan/ton [1]. Important Information - The previous trading day, the opening price of the urea futures main contract 2505 was 1819 yuan/ton, the highest was 1832 yuan/ton, the lowest was 1801 yuan/ton, the closing price was 1802 yuan/ton, and the settlement price was 1816 yuan/ton. The position was 106857 lots [1]. Trading Strategy - The previous trading day, UR fluctuated weakly and closed at 1802. The recent weakening of the market was partly affected by the rumor that the Indian tender was lower than expected. However, the domestic urea export has not been liberalized, and the domestic demand situation has a greater impact on prices. The recommended strategy is to buy on dips [1].

祁玉蓉（F03100031, Z0021060），联系电话：010-8229 5006 | | 工业硅&多晶硅日评20250416：重心下移 | | | --- | --- | --- | | 2025/4/16 | 指标 单位 今值 变动 近期趋势 | | | 不通氧553#（华东）平均价格 | 元/吨 9,850.00 -1.01% | | | 工业硅期现价格 | 期货主力合约收盘价 元/吨 9,170.00 -1.50% 元/吨 基差（华东553#-期货主力） 680.00 40.00 | | | N型多晶硅料 | 元/千克 40.00 0.00% | | | 多晶硅期现价格 | 期货主力合约收盘价 元/吨 40,485.00 -2.56% | | | 基差 | 元/吨 -485.00 1,065.00 元/吨 | | | 不通氧553#（华东）平均价格 | 9,850.00 -1.01% 元/吨 | | | 不通氧553#（黄埔港）平均价格 | 9,850.00 -1.01% 元/吨 9,750.00 -1.02% | | | 不通氧553#（天津港）平均价格 | 元/吨 | | | 不通氧553#（ ...

| 镍与不锈钢日评20250416：震荡回升 | 2025-04-15 | 2025-04-14 | 2025-04-08 | 交易日期（日） | 较昨日变化 近两周走势 | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 124000.00 | 122330.00 | 119280.00 | 1,670.00 | 期货近月合约 | 收盘价 | 期货连一合约 | 收盘价 | 124240.00 | 123090.00 | 119280.00 | 1,150.00 | 124370.00 | 123180.00 | 119420.00 | 1,190.00 | 期货连二合约 | 收盘价 | | | 124440.00 | 123300.00 | 119590.00 | 1,140.00 | 期货连三合约 | 收盘价 | 收盘价 | 124240.00 | 123090.00 ...

祁玉蓉（F03100031, Z0021060），联系电话：010-8229 5006 | 铅锌日评20250416：宽幅整理 | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025/4/16 指标 单位 | | | | 今值 变动 近期趋势 | | | | | | | | | | 元/吨 SMM1#铅锭平均价格 | | | | 16,725.00 -0.59% | | | | | | | | | | 期货主力合约收盘价 元/吨 | 沪铅期现价格 | | | 16,825.00 -0.15% | | | | | | | | | | 沪铅基差 元/吨 | | | | -100.00 -75.00 | | | | | | | | | | 元/吨 升贴水-上海 | | | | 40.00 - | | | | | | | | | | 升贴水-LME 0-3 美元/吨 | | | | -21.91 1.16 | | | | | | | | | | 升贴 ...

| 碳 锌 8 评20250415:国内碳酸锂4月供给预期偏松,三元材料厂库存量较上周增加 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-04-10 交易日期(日) | | | 2025-04-09 2025-04-02 较昨日变化 近两周走势 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 收盘价 70700.00 | 近月合约 | | 69900.00 73200.00 800.00 | | | | | | | | | | | | | | | | | | | | | | | | ...

进口窗口关闭，赣锋锂业位于阿根廷Mariana锂盐湖项目一期2万吨氯化锂产能2月正式投产，或使中国 碳酸锂4月进口量环比增加。 www.hongyuanqh.com 有色金属周报(碳酸锂) 国内碳酸锂4月供需预期偏松， 国内碳酸锂社会库存量环比增加 2025年04月15日 宏源期货 研究所 王文虎 （F03087656，Z0019472） 碳酸锂 供给端：天齐锂业旗下格林布什锂矿52万吨湿法项目或于25年10月投产后总产能将达到214万吨/年， 引导国产(进口)锂矿价格震荡趋降(下降)，或使国内锂精矿4月生产(进口)量环比增加(增加)； 中国碳酸锂产能开工率(生产量)较上周升高(增加)，中国碳酸锂(工业与电池级)4月生产量或环比增加 (增加、增加)而供给预期偏松，外购锂辉石和锂云母精矿产碳酸锂日度现金生产成本分别为74600和77900 元/吨左右致生产利润为负，中国锂辉石与锂云母及盐湖产碳酸锂一体化季度现金生产成本分别为53000和 63000及31900元/吨左右致生产利润为正； 中国冶炼(苛化)法氢氧化锂日度现金生产成本为66600(74700)元/吨且生产利润为正(负)，海南矿业氢 氧化锂2万吨冶炼产 ...

| 或使贵金属价格易涨难跌，建议投资者逢价格回落布局多单为主，伦敦金关注3050-3150附近支撑位及3300-3700附近压力位，沪金720-740 | | --- | | 附近支撑位及780~870附近压力位，伦敦银28~30附近支撑位及35~36附近压力位，沪银7400~7800附近支撑位及8600~8900附近压力位 ｡ | | (观点评分:1) | | 贵金属日评20250415: 贝森特表示没有主权国家抛售美债, 日本准备发钱应对美国加关税 | 交易日期 | 较上周变化 | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 较昨日变化 | 2025-04-08 | 2025-04-14 | 2025-04-11 | 收盘价 | 757. 30 | 719. 22 | 763. 64 | 6. 34 | 44. 42 | | | | | | | 成交量 | 559659.00 | 610748.00 | 769599 ...

2025/4/15 单位 今值 变动 近期趋势 SMM1#铅锭平均价格 元/吨 16,825.00 0.75% 期货主力合约收盘价 元/吨 16,850.00 0.15% 沪铅基差 元/吨 -25.00 100.00 升贴水-上海 元/吨 - 40.00 升贴水-LME 0-3 美元/吨 -23.07 1.17 升贴水-LME 3-15 美元/吨 -80.40 -0.90 沪铅近月-沪铅连一 元/吨 50.00 50.00 沪铅连一-沪铅连二 元/吨 - 20.00 沪铅连二-沪铅连三 元/吨 50.00 25.00 期货活跃合约成交量 手 26,063.00 -19.45% 期货活跃合约持仓量 手 32,739.00 -6.12% 成交持仓比 / 0.80 -14.20% LME库存 吨 0.00% 257,325.00 沪铅仓单库存 吨 58,523.00 4.26% LME3个月铅期货收盘价（电子盘） 美元/吨 1,911.00 -0.16% 沪伦铅价比值 / 8.82 0.31% SMM1#锌锭平均价格 元/吨 22,850.00 0.66% 期货主力合约收盘价 元/吨 22,515.00 -0.64 ...