有色金属周报——碳酸锂 冲高回落风险上升 2025年10月27日 研究所 吴金恒 从业资格号：F03100418 投资咨询从业证书号：Z0021125 TEL：010-8229 3229 投资策略 ⚫ 策略:逢高沽空 ⚫ 运行区间：71000-85000 ⚫ 逻辑： ⚫ 资源端，江西锂云母矿供应仍处低位，复产延迟，锂辉石产量小幅增加；锂矿 进口量上升。 ⚫ 供给端，上周碳酸锂产量继续增长，锂云母与盐湖生产碳酸锂小幅上升；进口 锂盐量回落，智利出口锂盐量季节性回落，回收端保持增长。 ⚫ 需求端，新能源汽车稳定增长，正极与电芯厂产量上升，上周磷酸铁锂累库、 三元材料累库；储能电池排产增长，储能中标规模下滑。 ⚫ 成本端，锂辉石精矿与锂云母价格上涨。 ⚫ 库存上，总体去库，冶炼厂与下游去库，其他累库。 ⚫ 综上，供应预期有扰动，但实际产量持续增长，价格上涨后下游采买平淡，备 库节奏放缓，动力需求或达峰，预计碳酸锂上方空间有限。 ⚫ 风险提示：供应端扰动、"反内卷"情绪变化 1.1碳酸锂行情回顾 ⚫ 上周，碳酸锂震荡上行，周度涨4.96% 数据来源：WIND,宏源期货研究所 数据来源：WIND,宏源期货研究所 1.1 ...

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - The slow resumption of tin mines in Myanmar and the easing of Sino-US economic and trade negotiations support tin prices. The expectation of future interest rate cuts and the halt of balance - sheet reduction by the Fed, along with the initial agreement in Sino - US economic and trade negotiations, suggest that the resumption of tin mines in Myanmar may not change the tight supply - demand situation. The Shanghai tin price is expected to be cautiously bullish. Investors are advised to build long positions after price pullbacks, paying attention to support and resistance levels [3]. - The negative basis and monthly spread of Shanghai tin are due to high tin prices suppressing downstream demand with only rigid procurement. Given the Fed's future policies and the slow resumption of tin mines in Myanmar, investors are advised to focus on short - term, light - position, low - buying arbitrage opportunities for the Shanghai tin basis. For LME tin, the positive (0 - 3) and (3 - 15) contract spreads are in a reasonable range, and it is recommended to temporarily wait and see for arbitrage opportunities [9][10]. 3. Summary by Directory 3.1 First Part: Spread and Inventory Situation - Shanghai tin basis is negative and at a relatively low level, and the monthly spread is negative and basically within a reasonable range. LME tin (0 - 3) and (3 - 15) contract spreads are positive and in a reasonable range, and the Shanghai - London tin price ratio is at the 50% quantile of the past five years [9][10]. - The inventory of refined tin on the Shanghai Futures Exchange decreased compared to last week; the social inventory of tin ingots in China decreased compared to last week; the inventory of refined tin on the London Metal Exchange increased compared to last week; the total inventory of refined tin at home and abroad decreased compared to last week [12]. 3.2 Second Part: Mid - upstream Supply Situation - The daily processing fee of domestic tin concentrates is oscillating downward, indicating a tight supply expectation of domestic tin mines. The production (import) volume of domestic tin mines in October increased (increased) month - on - month. The production volume of recycled tin in China in October may increase month - on - month [19][21][24]. - The capacity utilization rate of refined tin in China increased compared to last week. The production (inventory) volume of refined tin in China in October increased (decreased) month - on - month, and the import volume may increase month - on - month [26][28][29]. 3.3 Third Part: Downstream Demand Situation - The daily processing fee of photovoltaic solder strips decreased month - on - month, which may lead to an increase in the capacity utilization rate (inventory) of tin solder in China in October. The import (export) volume of solder strips in China in October may decrease (decrease) month - on - month [35][38]. - The production volume of tin - plated sheets in China in October may increase month - on - month, while the import and export volumes may decrease month - on - month. The capacity utilization rate of lead - acid batteries in China increased compared to last week [41][43][46].

Report Title - Nonferrous Metals Weekly - Zinc [1] Report Date - October 27, 2025 [2] Analyst Information - Analyst: Qi Yurong - Qualification Number: F03100031 - Investment Consultation Certificate Number: Z0021060 - Contact: 010 - 8229 5006 [2] Industry Investment Rating - Not provided Core Viewpoint - Macro sentiment has improved, and overseas inventories have continued to decline. The backwardation structure of LME zinc has deepened, driving SHFE zinc to oscillate upward. However, domestic demand remains weak, and although social inventory accumulation has temporarily stopped, it is still at a relatively high level. There is still pressure on the upside of zinc prices. It is expected that zinc prices will maintain a range - bound pattern in the short term, with the operating range referring to 21,500 - 22,500 yuan/ton. Continued attention should be paid to changes in macro sentiment and the opening of the ingot export window [3]. Summary by Directory 1. Market Review - **Price Movement**: SMM 1 zinc ingot average price rose 1.56% to 22,120 yuan/ton; SHFE zinc main contract closing price rose 2.48% to 22,355 yuan/ton; LME zinc closing price (electronic trading) rose 2.62% to 3,019.5 US dollars/ton [12] - **Basis and Spread**: Data on basis, LME zinc premium/discount (0 - 3), trading - to - holding ratio, and various spreads in different regions and contract months are presented, but no specific summary data is given [14][16] 2. Winter Stockpiling + High Refinery Operation, TC Decline 2.1 Zinc Concentrate - **Port Inventory**: As of October 24, the inventory of imported zinc concentrate at Lianyungang Port was 150,000 tons, a week - on - week increase of 10,000 tons. The total inventory of 7 ports including Fangchenggang, Lianyungang, etc. was 391,400 tons, a week - on - week increase of 10,800 tons [25] - **Profit**: As of October 23, the production profit of zinc concentrate enterprises was 4,224 yuan/metal ton. In September, the import volume of zinc concentrate was 505,400 tons, a month - on - month increase of 8.15% and a year - on - year increase of 24.94%. From January to September, the cumulative import volume was 4,008,100 tons, a cumulative year - on - year increase of 40.49% [32] - **TC**: The CZSPT group set the import processing fee for the fourth quarter at 120 - 140 US dollars/dry ton. Domestic TC has been declining, with the domestic zinc concentrate processing fee dropping from 3,650 yuan/metal ton in late September to 3,250 yuan/metal ton on October 24 [33][36] 2.2 Refined Zinc - **Production**: Zinc prices have rebounded, but TC has declined, and the production profit of refined zinc enterprises has continued to fall. As of October 23, the production profit of refined zinc enterprises was - 694 yuan/ton. In September, the domestic refined zinc output was about 600,000 tons, a slight month - on - month decline [44] - **Import**: The import profit window is closed. As of October 24, the import profit of refined zinc was - 5,426.56 yuan/ton. From January to September 2025, the cumulative import volume of refined zinc was 258,200 tons, a cumulative year - on - year decrease of 61,600 tons [47] 3. Demand Falling Short of Expectations, Slight Decline in Galvanizing Operation - **Operation Rate**: The operating rate of galvanizing enterprises decreased by 0.57 percentage points to 57.48%. Black prices were lackluster, and terminal procurement was less than expected. Galvanizing enterprises reduced their operation to prevent excessive inventory, and some enterprises may further cut production [54] - **Inventory**: Galvanizing enterprises' raw material inventory decreased due to high zinc prices and cautious procurement by downstream users. Finished product inventory increased due to poor demand [57] 4. Poor Demand, Accumulation of Die - Casting Zinc Alloy Finished Products - **Price**: The prices of Zamak3 and Zamak5 zinc alloys increased. Zamak3 zinc alloy average price rose 1.51% to 22,815 yuan/ton, and Zamak5 zinc alloy average price rose 1.48% to 23,365 yuan/ton [63] - **Operation Rate**: The operating rate of die - casting zinc alloy enterprises decreased by 1.5 percentage points to 53.13%. Terminal demand weakened, leading to a decline in alloy operation. Some enterprises arranged holidays to consume finished product inventory, and the sector's operation may further decline [66] - **Inventory**: Raw material inventory increased as there were long - term order arrivals during the week despite high zinc prices and cautious procurement. Finished product inventory increased due to poor terminal demand and slow shipment [69] 5. Production and Sales in Balance, Slight Fluctuation in Zinc Oxide Finished Product Inventory - **Price**: The average price of zinc oxide ≥99.7% increased by 1.43% to 21,300 yuan/ton [77] - **Operation Rate**: The operating rate of zinc oxide enterprises decreased by 0.77 percentage points to 56.36%. Some enterprises were affected by recent meetings, and the operating rate declined. It is expected to return to normal this week, and the operation rate may rise with the resumption of some enterprises that had holidays during the National Day [80] - **Inventory**: Raw material inventory decreased due to high zinc prices and relatively high prices of some raw materials. Finished product inventory increased slightly as enterprises basically maintained a balance between production and sales [83] 6. High Social Inventory of Zinc Ingots - **SHFE and LME Inventory**: As of October 23, the SMM zinc ingot three - place inventory was 153,000 tons, with slight fluctuations. The inventory in Shanghai decreased due to fast downstream pick - up, while the inventory in Tianjin increased significantly due to more weekend arrivals, and the inventory in Guangdong reached a nearly three - year high. As of October 24, SHFE inventory was 109,200 tons, showing a decline. As of October 23, LME inventory was 37,600 tons, continuing to decline [92][95] - **Monthly Supply - Demand Balance**: The monthly supply - demand balance table shows the situation of production, import, export, apparent consumption, actual consumption, and supply - demand balance from January 2024 to August 2025 [101]

Report Title - "Non-ferrous Metals Weekly Report - Alumina, Electrolytic Aluminum, and Aluminum Alloys" [1] Core Viewpoint - The easing of Sino-US trade relations and the decline in domestic social inventories have made aluminum prices cautiously bullish [2] Industry Investment Rating - Not provided in the report Summary by Section Alumina - **Supply Side** - Domestic: The construction of China National Aluminum's Guixi Nadou sedimentary bauxite mine has started, with an expected annual output of 800,000 physical tons. The first phase of the bauxite recycling project in Qingzhen City has started producing 440,000 tons of aluminum concentrate per year. The production of domestic bauxite in October may increase month-on-month. Several alumina projects are under construction or in production, which may increase the domestic alumina production in October [3][18][26] - Overseas: The third-phase project of Nanshan Aluminum's Bintan Alumina in Indonesia with a capacity of 1 million tons started trial production in early May and is expected to reach full production in 2025. The overseas alumina production in October may increase, and the domestic alumina imports in October may increase month-on-month [3][35] - **Demand Side** - The matching surplus of China's alumina operating capacity compared to electrolytic aluminum in September has expanded month-on-month [3][26] - **Inventory** - The total inventory of China's alumina has increased compared to last week, including the inventory in ports, warehouses, and factories [15][17][27] - **Price and Cost** - The alumina basis is positive, and the monthly spread is negative, both within a reasonable range. The near-far month contract closing prices show a Contango structure. The average daily full production cost of China's alumina is about 2,850 yuan/ton [12][22][14] - **Investment Strategy** - The domestic alumina supply and demand are expected to be loose, but production losses may limit the downside of alumina prices. Investors are advised to wait for the price to rise to a high level to lay out short positions, paying attention to the support level around 2,600 - 2,800 and the resistance level around 3,300 - 3,600 [4] Electrolytic Aluminum - **Supply Side** - Domestic: The first phase of the energy-saving renovation project of Guangxi Baise Guangtou Yinhai Electrolytic Aluminum's second phase has started production, and the second phase of Inner Mongolia Huomei Hongjun Aluminum's green power aluminum project is expected to be put into production in December 2025. The domestic electrolytic aluminum production in October may increase month-on-month. The import volume in October may also increase month-on-month due to the restart of overseas capacities [5][56][60] - Overseas: Several overseas electrolytic aluminum projects are restarting or expanding production [60] - **Demand Side** - The capacity utilization rate of China's downstream leading aluminum processing enterprises has remained flat compared to last week. The production of remelted rods (aluminum rods) in October may increase month-on-month [5] - **Inventory** - The social inventory of China's electrolytic aluminum has decreased compared to last week, and the inventory in bonded areas, LME, and COMEX has also decreased [45][46] - **Price and Cost** - The Shanghai aluminum basis is negative and at a relatively low level, and the monthly spread is negative and within a reasonable range. The theoretical weighted average full cost of domestic electrolytic aluminum is about 16,080 yuan/ton [39][41][56] - **Investment Strategy** - The expectation of the Fed's future interest rate cuts and the end of balance sheet reduction, the preliminary agreement reached in Sino-US economic and trade negotiations, and the increasing proportion of domestic electrolytic aluminum molten aluminum production leading to a decline in inventories may make Shanghai aluminum prices cautiously bullish. Investors are advised to lay out long positions when the price drops, paying attention to the support and resistance levels [6] Aluminum Alloys - **Supply Side** - Domestic: The production of domestic scrap aluminum in October may increase month-on-month, while the import volume may decrease. The production of primary (recycled, ADC12) aluminum alloys in October may decrease month-on-month [7][70][81] - Overseas: The competition for overseas scrap aluminum procurement is fierce, and the export of scrap aluminum to China has declined [7] - **Demand Side** - The capacity utilization rate of China's downstream leading aluminum processing enterprises has decreased compared to last week [90] - **Inventory** - The social inventory of China's aluminum alloys has decreased compared to last week, and the raw material (finished product) inventory of recycled aluminum alloy enterprises has also decreased [86][81] - **Price and Cost** - The basis of cast aluminum alloy is positive and at a relatively high level, and the monthly spread is negative and within a reasonable range. The daily full production cost of China's primary aluminum alloy is 20,920 yuan/ton, and that of recycled aluminum alloy ADC12 is 20,700 yuan/ton [64][75][78] - **Investment Strategy** - The expectation of the Fed's future interest rate cuts and the end of balance sheet reduction, the preliminary agreement reached in Sino-US economic and trade negotiations, and the expected tight supply and demand of domestic scrap aluminum may make aluminum alloy prices cautiously bullish. Investors are advised to lay out long positions when the price drops or try to go long on the spread between electrolytic aluminum and aluminum alloys with a light position in the short term, paying attention to the support and resistance levels [8]

| 尿素早评20251027: 情绪好转，反转存疑 | | | | | | --- | --- | --- | --- | --- | | 日度 10月24日 10月23日 单位 | | (绝对值) | 变化值 | 英化值 (相对值) | | UR01 元/吨 1642.00 1638.00 山东 元/吨 1570.00 1550.00 山西 元/吨 1500.00 1480.00 | | | 4.00 20.00 20.00 | | | UR05 元/吨 1719.00 1710.00 尿素期货价格 | | | 9.00 | 0.24% 0.53% | | (收盘价) UR09 元/吨 1748.00 1740.00 | | | 8.00 | 0.46% | | | | | | 1.29% | | | 期现价格 | | | 1.35% | | 河南 元/吨 1570.00 1550.00 国内现货价格 | | | 20.00 | 1.29% | | (小顆粒) 元/吨 河北 1600.00 1590.00 | | | 10.00 | 0.63% | | 东北 元/吨 1600.00 1600.00 | | ...

兔贵声明：宏源期货有限公司是经中国证监会批准设立的期货经营机构，已具备期货交易咨询业务资格。本报告分析及建议所依据的信息均来源于 公开资料，本公司对这些信息的准确性和完整性不作任何保证，也不保证所依据的信息和建议不会发生任何变化、我们己力求报告内容的客观、公 正, 但文中的观点、结论和建议仪供参考,不构成任何授资建议。故俄青依据本报告提供的信息进行期货投资所造成的一切后果,本公司将下负责 。本报告版权仅为本公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布、如引用、刊发，需注明出处为宏源期货，且不 得对本报告进行有律原意的引用、删节和修改。数据来源: SMA和IND。风险提示: 期市有风险,投资需谨慎! 王文虎(F03087656,Z0019472),联系电话:010-82293558 沪锡日评20251027:国内锡矿供给预期偏紧支撑锡价 变量名称 较昨日变动 近期定势 2025-10-24 2025-10-23| 2025-10-20 收盘价 281230 279340 3. 070. 00 284300 成交量(手) 70781 30865 61538 39, 916. 00 沪锡期货 ...

Report Industry Investment Rating - No investment rating provided in the report. Core View of the Report - The rebound of methanol prices is limited, and it is still necessary to wait before going long on methanol. The price is relatively high compared to upstream coal and downstream polyolefins, and the short - term upward driving force is limited due to high port inventory pressure and insufficient downstream restocking drive. The inventory turning point may be around mid - November, and the subsequent possible driving force lies in the possible reduction on the supply side, such as the gas - restriction expectation in Iran [1]. Summary by Relevant Catalogs 1. Price and Cost Data - **Methanol Futures Prices**: MA01 decreased from 2292.00 yuan/ton to 2272.00 yuan/ton, a decrease of 20.00 yuan/ton (-0.87%); MA05 decreased from 2329.00 yuan/ton to 2317.00 yuan/ton, a decrease of 12.00 yuan/ton (-0.52%); MA09 decreased from 2285.00 yuan/ton to 2282.00 yuan/ton, a decrease of 3.00 yuan/ton (-0.13%) [1]. - **Methanol Spot Prices**: Prices in Shandong, Guangdong, Shaanxi, Sichuan - Chongqing, Hubei, and Inner Mongolia remained unchanged. The price in Taicang decreased from 2240.00 yuan/ton to 2235.00 yuan/ton, a decrease of 5.00 yuan/ton (-0.22%) [1]. - **Coal Spot Prices**: The prices of Port Water Cargo Q5500, Datong Q5500, and Yulin Q6000 remained unchanged [1]. - **Industrial Natural Gas Prices**: The prices in Hohhot and Chongqing remained unchanged [1]. - **Methanol Profit**: Coal - based methanol profit decreased from 238.10 yuan/ton to 231.80 yuan/ton, a decrease of 6.30 yuan/ton (-2.65%); natural - gas - based methanol profit remained unchanged at - 472.00 yuan/ton [1]. - **Downstream Profit of Methanol**: Northwest MTO profit increased from - 2.00 yuan/ton to 13.00 yuan/ton, an increase of 15.00 yuan/ton (750.00%); East China MTO profit increased from - 770.57 yuan/ton to - 727.07 yuan/ton, an increase of 43.50 yuan/ton (5.65%); acetic acid profit decreased from 477.00 yuan/ton to 468.00 yuan/ton, a decrease of 9.00 yuan/ton (-1.89%); MTBE, formaldehyde, and other downstream product profits remained unchanged [1]. 2. Important Information - **Domestic Futures Price**: The main methanol contract MA2601 weakened. It opened at 2294 yuan/ton, closed at 2272 yuan/ton, down 4 yuan/ton, with a trading volume of 603,000 lots and an open interest of 1,080,950 lots, showing a decrease in volume and an increase in open interest [1]. - **Foreign Information**: The US dollar - denominated methanol market declined steadily. Some November - arriving cargoes from a Middle - Eastern country decreased by 2.5%. Sellers were under great sales pressure and had to reduce prices passively. The reference price in China was 239 - 263 US dollars/ton [1]. 3. Trading Strategy - The recommended trading strategy is to wait and see, with a view score of 0 [1].

王文虎(F03087656,Z0019472),联系电话:010-82293558 | 贵金属日评20251027:中美经贸谈判缓和或使贵金属价格承压 | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 交易日期 | 较昨日变化 | 较上周变化 | 2025-10-20 | 2025-10-24 | 2025-10-23 | 收盘价 | 938. 10 | 970. 32 | -32. 22 | 942. 28 | -4.18 | | | | | 成父重 | 555735.00 | 370912.00 | 728228.00 | -184,823.00 | -357, 316. 00 | 期货活跃合约 | 持仓量 | 185813.00 | 189131.00 | 207916.00 | -3. 318. 00 | -22,103.00 | | | | 库存(干克) | 87015.00 | 87015.00 | 8 ...

Report Industry Investment Rating - Not provided in the report Core Viewpoints - For the lead market, there is an increase in both supply and demand, but refinery operations fall short of expectations due to factors like raw materials, resulting in tight spot circulation and extremely low social inventories. The lead price has broken through the 17,300 yuan/ton resistance level. With good refinery profits and an open import window, attention should be paid to the improvement of supply, and there is a need to be vigilant against a potential sharp decline in lead prices [1] - For the zinc market, the macro sentiment has improved, and the domestic mine supply situation has tightened, making domestic TC difficult to increase. The zinc price has received some support and is fluctuating upwards. With the continuous reduction of LME zinc inventories and the persistent LME 0 - 3 back structure, attention should be paid to overseas structural risks [1] Summary by Relevant Catalogs Lead Market Price and Spread - The average price of SMM1 lead ingots was 17,300 yuan/ton, up 1.02% from the previous day; the closing price of the main lead futures contract was 17,595 yuan/ton, down 0.11% from the previous day; the LME3 - month lead futures closing price (electronic session) was 2,016.50 dollars/ton, up 0.22% [1] - The lead basis was - 295 yuan/ton, up 195 yuan; the spread between the near - month and the first - continuous lead futures contract was 40 yuan/ton, down 10 yuan; the spread between the first - continuous and the second - continuous lead futures contract was 45 yuan/ton, down 30 yuan [1] Trading Volume and Open Interest - The trading volume of the active lead futures contract was 79,514 lots, up 7.44%; the open interest was 83,846 lots, up 260.04%; the trading - to - open - interest ratio was 0.95, down 70.16% [1] Inventory - LME lead inventory was 235,375 tons, unchanged; Shanghai lead warrant inventory was 23,048 tons, down 2.89% [1] Industry News - From October 17th to December 25th, the weekly operating rate of SMM primary lead enterprises was 67.57%, up 0.93 percentage points; the weekly operating rate of secondary lead enterprises was 42.2%, up 7.1 percentage points; the weekly operating rate of lead - acid battery enterprises was 75.36%, up 0.39 percentage points [1] - A secondary lead refinery in East China has decided to temporarily halt production, with only a small number of long - term orders to be fulfilled, and the resumption date is undetermined [1] Investment Strategy - A short position can be lightly established at high levels [1] Zinc Market Price and Spread - The average price of SMM1 zinc ingots was 22,120 yuan/ton, up 0.41% from the previous day; the closing price of the main zinc futures contract was 22,355 yuan/ton, up 0.04% from the previous day; the LME3 - month zinc futures closing price (electronic session) was 3,019.50 dollars/ton, down 0.10% [1] - The zinc basis was - 235 yuan/ton, up 80 yuan; the spread between the near - month and the first - continuous zinc futures contract was - 40 yuan/ton, up 5 yuan; the spread between the first - continuous and the second - continuous zinc futures contract was - 30 yuan/ton, down 5 yuan [1] Trading Volume and Open Interest - The trading volume of the active zinc futures contract was 130,461 lots, down 20.62%; the open interest was 120,167 lots, down 3.67%; the trading - to - open - interest ratio was 1.09, down 17.60% [1] Inventory - LME zinc inventory was 37,600 tons, unchanged; Shanghai zinc warrant inventory was 65,849 tons, up 0.49% [1] Industry News - From October 17th to December 25th, the weekly operating rate of galvanizing enterprises was 57.48%, down 0.57 percentage points; the weekly operating rate of die - casting zinc alloy enterprises was 53.13%, down 1.50 percentage points; the weekly operating rate of zinc oxide enterprises was 56.36%, down 0.77 percentage points [1] - On October 23rd, the LME 0 - 3 zinc premium was 225.89 dollars/ton, and the open interest was 221,889 lots, an increase of 300 lots [1] Investment Strategy - Temporarily stay on the sidelines [1]

| 工业硅&多晶硅日评20251027：区间整理 | | | | --- | --- | --- | | 2025/10/27 指标 单位 今值 变动 近期趋势 | | | | 元/吨 不通氧553#（华东）平均价格 | 9,300.00 | 0.00% | | 工业硅期现价格 元/吨 期货主力合约收盘价 | 8,920.00 | 2.47% | | 基差（华东553#-期货主力） 元/吨 | 380.00 | -215.00 | | 元/千克 N型多晶硅料 | 51.50 | 0.00% | | 多晶硅期现价格 期货主力合约收盘价 元/吨 | 52,305.00 | 3.04% | | 基差 元/吨 | -805.00 | -1,545.00 | | 不通氧553#（华东）平均价格 元/吨 | 9,300.00 | 0.00% | | 元/吨 不通氧553#（黄埔港）平均价格 | 9,350.00 | 0.00% | | 元/吨 不通氧553#（天津港）平均价格 | 9,200.00 | 0.00% | | 元/吨 不通氧553#（昆明）平均价格 | 9,350.00 | 0.00% | | 元/吨 | | ...