Jian Xin Qi Huo

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建信期货镍日报-20250930
Jian Xin Qi Huo· 2025-09-30 03:25
每日报告 行业 镍日报 日期 2025 年 9 月 30 日 有色金属研究团队 研究员:余菲菲 021-60635729 yufeifei@ccb.ccbfutures.com 期货从业资格号:F3025190 研究员:张平 021-60635734 zhangpin@ccb.ccbfutures.com 期货从业资格号:F3015713 研究员:彭婧霖 021-60635740 pengjinglin@ccb.ccbfutures.com 期货从业资格号:F3075681 请阅读正文后的声明 #summary# 一、行情回顾与操作建议 数据来源:Wind,建信期货研究发展部 镍观点: 沪镍再度转跌重回 12 万关口附近,29 日主力 2511 较上日下跌 0.61%报 121100。金川镍平均升水较上日下跌 50 报 2300,国产电积镍升贴水报-100-200。 8-12%高镍生铁均价较上日下跌 0.5 至 954.5 元/镍点,电池级硫酸镍均价较上日 上涨 60 至 28260 元/吨。印尼 10 月将开启 26 年审批工作,RKAB 审批周期调整仍 可能对明年初矿端供应形成扰动,部分冶炼厂或在四季度提 ...
建信期货集运指数日报-20250930
Jian Xin Qi Huo· 2025-09-30 03:09
行业 集运指数日报 日期 2025 年 9 月 30 日 研究员:何卓乔(宏观贵金属) 18665641296 hezhuoqiao@ccb.ccbfutures.com 期货从业资格号:F3008762 研究员:黄雯昕(国债集运) 021-60635739 huangwenxin@ccb.ccbfutures.com 期货从业资格号:F3051589 研究员:聂嘉怡(股指) 021-60635735 niejiayi@ccb.ccbfutures.com 期货从业资格号:F03124070 请阅读正文后的声明 - 2 - 每日报告 | | | 表1:集运欧线期货9月29日交易数据汇总 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 合约 | 前结算 价 | 开盘价 | 收盘价 | 结算价 | 涨跌 | 涨跌幅 (%) | 成交量 | 持仓量 | 仓差 | | EC2510 | 1,150.8 | 1,141.0 | 1,115.0 | 1,122.0 | -35.8 | -3.11 | 16679 ...
建信期货钢材日评-20250930
Jian Xin Qi Huo· 2025-09-30 03:08
021-60635736 zhaihepan@ccb.ccbfutures.com 期货从业资格号:F3033782 投资咨询证书号:Z0014484 021-60635735 niejiayi@ccb.ccbfutures.com 期货从业资格号:F03124070 021-60635727 fengzeren@ccb.ccbfutures.com 期货从业资格号:F03134307 报告类型 钢材日评 日期 2025 年 9 月 30 日 黑色金属研究团队 研究员:翟贺攀 研究员:聂嘉怡 研究员:冯泽仁 请阅读正文后的声明 #summary# 每日报告 表1:9月29日钢材期货主力合约价格、成交及持仓情况(单位:元/吨、%、手、亿元) 合约 代码 前收 盘价 开盘价 最高价 最低价 收盘价 涨跌幅 成交量 持仓量 持仓量 变化 资金流 入流出 RB2601 3114 3115 3117 3097 3097 -1.34% 1,145,688 1,926,639 -49,906 -1.32 HC2601 3313 3313 3320 3288 3289 -1.23% 517,716 1,384,470 -6, ...
建信期货锌期货日报-20250930
Jian Xin Qi Huo· 2025-09-30 03:06
行业 锌期货日报 日期 2025 年 9 月 30 日 021-60635740 期货从业资格号:F3075681 研究员:张平 021-60635734 zhangping@ccb.ccbfutures.com 期货从业资格号:F3015713 021-60635729 yufeifei@ccb.ccbfutures.com 期货从业资格号:F3025190 | 表1:期货市场行情 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 单位:元/吨 | | 开盘 | 收盘 | 最高 | 最低 | 涨跌 | 涨跌幅 | 持仓量 | 持仓量变化 | | 沪锌 | 2510 | 21900 | 21755 | 21910 | 21625 | -255 | -1.16 | 14660 | -7688 | | 沪锌 | 2511 | 21930 | 21800 | 21950 | 21665 | -235 | -1.07 | 142400 | 16314 | | 沪锌 | 2512 | 21920 | 2 ...
建信期货铝日报-20250930
Jian Xin Qi Huo· 2025-09-30 03:01
Group 1: Report Overview - Report Type: Aluminum Daily Report [1] - Date: September 30, 2025 [2] - Research Team: Non - ferrous Metals Research Team of Jianxin Futures [3] Group 2: Investment Rating - No investment rating information is provided in the report. Group 3: Core Viewpoints - On the penultimate trading day before the holiday, with a quiet news front and decreased market trading enthusiasm, Shanghai Aluminum showed weak performance. The main 2511 contract closed with a slight 0.22% decline at 20,730. The spread between October and November changed from a discount to a premium of 15, and the far - month contracts maintained a slight contango structure. The import window was closed, and the spot import loss fluctuated around - 1,500 yuan/ton. It's recommended to wait and see before the holiday [7]. - The production of domestic bauxite in the north has not resumed, and the probability of resuming production this year is low. The price of imported ore is under short - term pressure, but with the end of the rainy season, the shipping volume will gradually increase. The alumina price fluctuates around 2,900. The supply surplus is difficult to ease for the time being. After October, some high - cost enterprises are expected to cut production and carry out maintenance as the monthly average price drops [7]. - The operating capacity of electrolytic aluminum remains high. The operating rate of processing enterprises rebounded significantly last week but is likely to decline temporarily due to the upcoming long holiday. Shanghai Aluminum has returned to the previous trading range. Pay attention to the support level of 20,500. It's advisable to hold a light position during the holiday to control risks [7]. - The trend of cast aluminum alloy continues to follow Shanghai Aluminum. With the peak season and the tight supply of scrap aluminum raw materials, continue to pay attention to the strategy of going long on AD and short on AL [7]. Group 4: Market Review and Operational Suggestions - **Market Review**: The Shanghai Aluminum market was weak on the penultimate trading day before the holiday. The main 2511 contract closed slightly down, the spread structure changed, and the import window was closed [7]. - **Bauxite Situation**: Domestic bauxite in the north has not resumed production, and the probability of resuming this year is low. Imported ore is under short - term pressure, but shipping volume will increase after the rainy season. Pay attention to the changes in mining rights policies before the Guinea election [7]. - **Alumina Situation**: Alumina price fluctuates around 2,900. Supply surplus is difficult to ease. After October, some high - cost enterprises may cut production and carry out maintenance [7]. - **Operational Suggestions**: It's recommended to wait and see before the holiday. Pay attention to the support level of 20,500 for Shanghai Aluminum and hold a light position during the holiday [7]. Group 5: Industry News - UAE's EGA is preparing for a potential IPO, with an estimated valuation of $10 - 15 billion. Dubai and Abu Dhabi are competing for this major listing project. EGA has overcome challenges such as US aluminum tariffs and plans to invest $4 billion in a smelter in Oklahoma [8][10]. - In 2025, the demand for aluminum cans in Japan was about 2.091 billion, remaining the same as the previous year and staying at the 2 - billion - can level for 10 consecutive years [9]. - On September 22, 2025, the standard warehouse receipt generation business of cast aluminum alloy futures was officially launched. The total registered volume of cast aluminum alloy warehouse receipts on the first day was 3,878 tons, with different volumes in various regions [9].
贵金属日评-20250930
Jian Xin Qi Huo· 2025-09-30 02:09
Report Information - Report Title: Precious Metals Daily Review - Date: September 30, 2025 - Research Team: Macro Finance Team - Researchers: He Zhuoqiao (Macro Precious Metals), Huang Wenxin (Treasury Bonds and Shipping), Nie Jiayi (Stock Index) [2] 1. Industry Investment Rating - No industry investment rating information provided in the report 2. Core View - Gold prices have started a new upward trend, which may last until the spring and summer of 2026. Investors are advised to maintain a long - position mindset in precious metals trading, and short - hedgers can appropriately reduce their hedging ratios. Due to the Fed's potential interest rate cuts and geopolitical risks, both gold and silver are expected to rise, with silver potentially outperforming gold due to its high volatility. With the approaching of the National Day and Mid - Autumn Festival holidays and numerous key data events, the volatility of precious metals may increase, and investors are advised to reduce their positions [4][5] 3. Summary by Directory 3.1 Precious Metals Market Trends and Outlook 3.1.1 Intraday Market - The risk of the US government shutdown caused the US dollar index to decline for two consecutive days, falling below the 98 mark. News of potential US drone strikes in Venezuela increased risk - aversion demand. London gold broke through the $3,800 per ounce mark, and London silver reached $47.2 per ounce. Gold prices had a sideways consolidation from late April to August to digest high - valuation pressure. The Fed's interest - rate cut expectations have boosted gold prices since early September, starting a new upward trend. This week, attention should be paid to global September PMI, US September non - farm payrolls, and the progress of the US congressional game. With the approaching holidays, investors should reduce positions to avoid risks [4] 3.1.2 Medium - term Market - From late April to early August, London gold fluctuated widely between $3,100 - $3,500 per ounce to digest over - valuation. Since August, the US employment and inflation situation has supported the Fed's restart of the interest - rate cut process. Geopolitical risks also provided safe - haven demand for gold. From late August to early September, various factors drove the gold price to break through $3,500 per ounce. The new upward trend is expected to last until the spring and summer of 2026. Silver, with strong industrial attributes, will also rise with gold and may outperform gold in terms of gains [5] 3.2 Main Macroeconomic Events/Data - Trump announced new import tariffs on October 1, including a 100% tariff on patented drugs and a 25% tariff on heavy trucks, breaking the relatively calm trade situation and causing new uncertainties [17] - US consumer spending in August increased slightly more than expected, with a 0.6% increase. Personal income rose 0.4%, and the savings rate dropped to 4.6%. The PCE price index rose 0.3% month - on - month and 2.7% year - on - year, and the core PCE price index rose 0.2% month - on - month and 2.9% year - on - year [17] - Fed's regulatory vice - chair Bowman reiterated the need for decisive interest - rate cuts and supported balance - sheet reduction and adjustment of the standing repurchase mechanism. Richmond Fed President Barkin believes the risks of a significant increase in unemployment or inflation are limited [18] - OPEC+ may approve an increase in oil production of at least 137,000 barrels per day at its October 5 meeting, but the final decision is yet to be made [18]
建信期货油脂日报-20250930
Jian Xin Qi Huo· 2025-09-30 02:09
行业 油脂 日期 2025 年 9 月 30 日 研究员:余兰兰 021-60635732 yulanlan@ccb.ccbfutures.com 期货从业资格号:F0301101 研究员:林贞磊 021-60635740 linzhenlei@ccb.ccbfutures.com 期货从业资格号:F3055047 研究员:王海峰 021-60635727 wanghaifeng@ccb.ccbfutures.com 期货从业资格号:F0230741 研究员:洪辰亮 021-60635572 hongchenliang@ccb.ccbfutures.com 期货从业资格号:F3076808 研究员:刘悠然 021-60635570 liuyouran@ccb.ccbfutures.com 期货从业资格号:F03094925 农产品研究团队 请阅读正文后的声明 #summary# 每日报告 一、行情回顾与操作建议 | 表1:行情回顾 | | --- | 数据来源:Wind,建信期货研究发展部 华东转三级菜油:现货:OI2601+250,10-11 月:OI2601+260。华东转一级 菜油:10 月:OI260 ...
建信期货聚烯烃日报-20250930
Jian Xin Qi Huo· 2025-09-30 02:09
日期 2025 年 9 月 30 日 021-60635740 pengjinglin@ccb.ccbfutures.com 期货从业资格号:F3075681 021-60635738 lijie@ccb.ccbfutures.com 期货从业资格号:F3031215 聚烯烃日报 行业 021-60635737 renjunchi@ccb.ccbfutures.com 期货从业资格号:F3037892 028-86630631 penghaozhou@ccb.ccbfutures.com 期货从业资格号:F3065843 021-60635570 liuyouran@ccb.ccbfutures.com 期货从业资格号:F03094925 021-60635727 fengzeren@ccb.ccbfutures.com 期货从业资格号:F03134307 能源化工研究团队 研究员:彭婧霖(聚烯烃) 研究员:李捷,CFA(原油燃料油) 研究员:任俊弛(PTA、MEG) 研究员:彭浩洲(尿素、工业硅) 研究员:刘悠然(纸浆) 研究员:冯泽仁(玻璃纯碱) 请阅读正文后的声明 每日报告 | 表1:期货市场行情 | ...
建信期货棉花日报-20250930
Jian Xin Qi Huo· 2025-09-30 02:09
行业 棉花 日期 2025 年 9 月 30 日 农产品研究团队 、 请阅读正文后的声明 #summary# 每日报告 研究员:余兰兰 021-60635732 yulanlan@ccb.ccbfutures.com 期货从业资格号:F0301101 研究员:林贞磊 021-60635740 linzhenlei@ccb.ccbfutures.com 期货从业资格号:F3055047 研究员:王海峰 021-60635727 wanghaifeng@ccb.ccbfutures.com 期货从业资格号:F0230741 研究员:洪辰亮 021-60635572 hongchenliang@ccb.ccbfutures.com 期货从业资格号:F3076808 研究员:刘悠然 021-60635570 liuyouran@ccb.ccbfutures.com 期货从业资格号:F03094925 一、行情回顾与操作建议 表1:行情回顾 | | | | HE 127 | 9 | ਸ | | 不大 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | -- ...
白糖日报-20250930
Jian Xin Qi Huo· 2025-09-30 01:52
行业 白糖日报 日期 2025 年 9 月 30 日 研究员:王海峰 021-60635728 wanghaifeng@ccb.ccbfutures.com 期货从业资格号:F0230741 021-60635740 linzhenlei@ccb.ccbfutures.com 期货从业资格号:F3055047 021-60635732 yulanlan@ccb.ccbfutures.com 期货从业资格号:F0301101 021-60635732 hongchenliang@ccb.ccbfutures .com 期货从业资格号:F3076808 研究员:刘悠然 021-60635570 liuyouran@ccb.ccbfutures.com 期货从业资格号:F03094925 农产品研究团队 研究员:林贞磊 研究员:余兰兰 研究员:洪辰亮 请阅读正文后的声明 #summary# 每日报告 一、行情回顾与操作建议 | 表1:期货行情 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 合约 | 收盘价(元/吨 | 美分/磅) | 涨跌 | ...