Rui Da Qi Huo
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瑞达期货沪锌产业日报-20250929
Rui Da Qi Huo· 2025-09-29 09:51
1. Report Industry Investment Rating - There is no information about the industry investment rating in the report 2. Core View of the Report - The supply side shows that the imports of zinc ore at home and abroad have increased, the growth of zinc ore processing fees has slowed down, the sulfuric acid price has risen significantly, the profit margin of smelters is large, and production enthusiasm has increased. New production capacities are being released, and refined zinc production has reached a high level. However, the tight overseas zinc ore situation has led to an expansion of import losses and a decline in imported zinc inflows, with the export window nearly opening. On the demand side, the off - peak season in the downstream is evident. The inventory pressure of galvanized sheets is not high, and the operating rate of processing enterprises has stabilized and rebounded. Recently, zinc prices have fallen to a low level. Downstream enterprises are purchasing as needed, with a slow pick - up rhythm, but the arrival volume is low, resulting in a decline in domestic social inventory and a slight increase in spot premiums. Overseas LME inventories have decreased significantly, and spot premiums have risen, supporting zinc prices. Technically, with an increase in positions and a decline in prices, there is a divergence between long and short positions. It is recommended to wait and see or go long lightly on dips [3] 3. Summary According to Relevant Catalogs 3.1 Futures Market - The closing price of the main Shanghai zinc contract is 21,800 yuan/ton, down 180 yuan; the 10 - 11 contract spread of Shanghai zinc is - 45 yuan/ton, down 15 yuan. The LME three - month zinc quotation is 2,886.5 dollars/ton, down 36 dollars. The total position of Shanghai zinc is 251,024 lots, an increase of 20,743 lots. The net position of the top 20 in Shanghai zinc is - 10,043 lots, a decrease of 3,089 lots. The Shanghai zinc warehouse receipts are 59,264 tons, an increase of 1,691 tons. The SHFE inventory is 100,544 tons, an increase of 1,229 tons, and the LME inventory is 42,775 tons, a decrease of 1,025 tons [3] 3.2 Spot Market - The spot price of 0 zinc on the Shanghai Non - ferrous Metals Network is 21,630 yuan/ton, down 320 yuan; the spot price of 1 zinc in the Yangtze River Non - ferrous Metals Market is 21,180 yuan/ton, down 780 yuan. The basis of the main ZN contract is - 170 yuan/ton, down 140 yuan. The LME zinc premium (0 - 3) is 39.84 dollars/ton, down 14.09 dollars. The arrival price of 50% zinc concentrate in Kunming is 16,710 yuan/ton, down 30 yuan, and the price of 85% - 86% crushed zinc in Shanghai is 15,450 yuan/ton, down 100 yuan [3] 3.3 Upstream Situation - The WBMS zinc supply - demand balance is - 27,800 tons, a decrease of 5,700 tons; the ILZSG zinc supply - demand balance is - 27,200 tons, an increase of 4,200 tons. The global zinc ore production is 1.0814 million tons, an increase of 30,100 tons. Domestic refined zinc production is 617,000 tons, a decrease of 11,000 tons. Zinc ore imports are 467,300 tons, a decrease of 32,500 tons [3] 3.4 Industry Situation - Refined zinc imports are 25,656.83 tons, an increase of 7,752.92 tons; refined zinc exports are 310.91 tons, a decrease of 95.16 tons. The social zinc inventory is 135,300 tons, a decrease of 9,400 tons [3] 3.5 Downstream Situation - The production of galvanized sheets is 2.35 million tons, unchanged; the sales volume of galvanized sheets is 2.3 million tons, a decrease of 10,000 tons. The new housing construction area is 398.0101 million square meters, an increase of 45.9501 million square meters; the housing completion area is 276.9354 million square meters, an increase of 26.5954 million square meters. Automobile production is 2.7524 million vehicles, an increase of 242,400 vehicles; air - conditioner production is 16.8188 million units, a decrease of 3.7777 million units [3] 3.6 Option Market - The implied volatility of at - the - money call options for zinc is 12.58%, down 0.48 percentage points; the implied volatility of at - the - money put options for zinc is 12.58%, down 0.48 percentage points. The 20 - day historical volatility of at - the - money zinc options is 7.01%, an increase of 0.22 percentage points; the 60 - day historical volatility of at - the - money zinc options is 10.79%, an increase of 0.09 percentage points [3] 3.7 Industry News - The People's Bank of China will implement a moderately loose monetary policy, and the focus of future monetary policy is to implement the introduced policies. The State - owned Assets Supervision and Administration Commission of the State Council called on state - owned enterprises to resist "involution - style" competition. In August, the profits of industrial enterprises above designated size in China increased by 20.4% year - on - year, reversing the 1.5% decline in July. Trump's new chip policy requires a 1:1 ratio of domestic production to imports for producers, and tariffs will be imposed if the standard is not met. In August, the US core PCE price index increased by 0.2% month - on - month as expected, and consumer spending increased for three consecutive months [3]
瑞达期货甲醇产业日报-20250929
Rui Da Qi Huo· 2025-09-29 09:50
| 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 主力合约收盘价甲醇(日,元/吨) | 2359 | 4 甲醇1-5价差(日,元/吨) | -29 | 0 572 | | | 主力合约持仓量:甲醇(日,手) | 869500 | -15632 期货前20名持仓:净买单量:甲醇(日,手) | -137911 | | | | 仓单数量:甲醇(日,张) | 10832 | -500 | | | | 现货市场 | 江苏太仓(日,元/吨) | 2245 | 5 内蒙古(日,元/吨) | 2090 | 0 | | | 华东-西北价差(日,元/吨) | 155 | NAN 郑醇主力合约基差(日,元/吨) | -114 | 1 | | | 甲醇:CFR中国主港(日,美元/吨) | 261 | -1 CFR东南亚(日,美元/吨) | 326 | 0 | | | FOB鹿特丹(日,欧元/吨) | 280 | -1 中国主港-东南亚价差(日,美元/吨) | -65 | -1 | | 上游情况 | NYMEX ...
瑞达期货螺纹钢产业链日报-20250929
Rui Da Qi Huo· 2025-09-29 09:50
免责声明 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | RB主力合约收盘价(元/吨) | 3,097.00 | -17↓ RB主力合约持仓量(手) | 1926639 | -49906↓ | | | RB合约前20名净持仓(手) | -170831 | +50336↑ RB1-5合约价差(元/吨) | -58 | -1↓ | | | RB上期所仓单日报(日,吨) | 275938 | -2412↓ HC2601-RB2601合约价差(元/吨) | 192 | -7↓ | | 现货市场 | 杭州 HRB400E 20MM(理计,元/吨) | 3,290.00 | -10↓ 杭州 HRB400E 20MM(过磅,元/吨) | 3,374 | -10↓ | | | 广州 HRB400E 20MM(理计,元/吨) | 3,320.00 | 0.00 天津 HRB400E 20MM(理计,元/吨) | 3,220.00 | 0.00 | | | RB 主力合约基差 (元/吨) | 193.0 ...
瑞达期货纯碱玻璃产业日报-20250929
Rui Da Qi Huo· 2025-09-29 08:47
本报告中的信息均来源于公开可获得资料,瑞达期货股份有限公司力求准确可靠,但对这些信息的准确性及完整性不做任 何保证,据此投资,责任自负。本报告不构成个人投资建议,客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有,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 瑞达期货股份有限公司研究院,且不得对本报告进行有悖原意的引用、删节和修改。 议,纯碱主力短期逢低布局多单,注意操作风险。 纯碱玻璃产业日报 2025-09-29 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | | 纯碱主力合约收盘价(日,元/吨) | 1278 | -15 玻璃主力合约收盘价(日,元/吨) | 1228 | -24 | | 期货市场 | 纯碱与玻璃价差(日,元/吨) 玻璃主力合约持仓量(日,手) | 50 1157495 | 9 纯碱主力合约持仓量(日,手) -133566 纯碱前20名净持仓 | 1307809 -261200 | -51954 -698 ...
瑞达期货沪铅产业日报-20250929
Rui Da Qi Huo· 2025-09-29 08:43
Report Summary 1. Investment Rating No investment rating for the industry is provided in the report. 2. Core View The report predicts that the Shanghai lead futures market will maintain a high - level oscillating pattern next week. Supply from primary and secondary lead production is unlikely to rebound significantly in the short term, providing some support for prices. Although overall demand is average, it won't decline sharply due to the "Golden September and Silver October" season and emerging energy - storage demand. The decline in inventory also provides a certain bottom - line support for prices. It is recommended to go long on lead prices at low levels [2]. 3. Summary by Directory 3.1. Market Data - **Futures Market**: The closing price of the Shanghai lead main contract is 16,855 yuan/ton, down 255 yuan; the LME 3 - month lead quote is 2,001.5 dollars/ton, down 7.5 dollars. The 11 - 12 - month contract spread of Shanghai lead is - 15 yuan/ton, up 10 yuan. The Shanghai lead open interest is 79,662 lots, down 12,005 lots. The net position of the top 20 in Shanghai lead is - 2,024 lots, down 1,717 lots. The Shanghai lead warehouse receipts are 34,764 tons, down 820 tons. The SHFE inventory is 49,209 tons, down 8,123 tons; the LME lead inventory is 219,425 tons, down 125 tons [2]. - **Spot Market**: The spot price of 1 lead from Shanghai Non - ferrous Metals Network is 16,800 yuan/ton, down 125 yuan; the spot price of 1 lead from Yangtze River Non - ferrous Metals Market is 16,890 yuan/ton, down 180 yuan. The basis of the lead main contract is - 55 yuan/ton, up 130 yuan. The LME lead premium (0 - 3) is - 41.63 dollars/ton, down 4.83 dollars [2]. 3.2. Upstream Situation - The average operating rate of primary lead is 80.56%, down 0.96 percentage points; the weekly output of primary lead is 3.59 million tons, unchanged. The processing fee of 60% lead concentrate at major ports is - 90 dollars/thousand tons, unchanged. The global lead ore production is 395,900 tons, up 15,700 tons. The lead ore import volume is 134,800 tons, up 12,700 tons [2]. - The number of secondary lead production enterprises is 68, unchanged. The capacity utilization rate of secondary lead is 37.88%, up 0.61 percentage points. The monthly output of secondary lead is 224,200 tons, down 67,500 tons [2]. 3.3. Industry Situation - The refined lead import volume is 1,820.55 tons, down 1,596.29 tons; the refined lead export volume is 2,752.22 tons, up 957.7 tons. The average domestic processing fee of lead concentrate at the factory is 380 yuan/ton, up 10 yuan. The average price of waste batteries in the market is 10,067.86 yuan/ton, down 46.43 yuan [2]. 3.4. Downstream Situation - The export volume of batteries is 49.68 million units, up 1.925 million units. The average price of lead - antimony alloy (for batteries, 2% antimony content) is 19,850 yuan/ton, down 100 yuan. The Shenwan industry index of batteries is 2,159.56 points, down 18.37 points [2]. - The monthly automobile production is 2.7524 million vehicles, up 242,400 vehicles; the monthly new - energy vehicle production is 1.333 million vehicles, up 157,000 vehicles [2]. 3.5. Industry News - The annual rate of the US core PCE price index in August was 2.9%, unchanged from the previous month, in line with market expectations [2]. - Some primary lead smelting enterprises are in the centralized maintenance stage, and the raw material market is in a tight - balance state, with the processing fee of lead concentrate continuing to decline [2]. - Secondary lead production is restricted by environmental inspections and low waste - battery recycling efficiency, but some enterprises have the expectation of resuming production in early October [2]. 3.6. Supply and Demand Analysis - **Supply**: Overall lead supply shows a stable and rising trend. Primary lead production is restricted by maintenance and raw - material shortages, and secondary lead production is restricted by environmental factors and waste - battery supply, but some enterprises may resume production in early October [2]. - **Demand**: The demand for lead - acid batteries in the automotive starting - battery segment is stable. The "Golden September and Silver October" consumption season is warming up, but downstream enterprises are still mostly in a wait - and - see state. The demand for energy storage in emerging fields is improving, but overall demand has not seen a significant explosive growth and is still in a slow recovery stage [2].
瑞达期货菜籽系产业日报-20250929
Rui Da Qi Huo· 2025-09-29 08:42
Report Summary 1. Industry Investment Rating - Not provided in the report. 2. Core Viewpoints - For rapeseed meal, near - term rapeseed arrivals in China are low, reducing supply pressure, and Sino - Canadian trade negotiations lack substantial progress, weakening long - term supply. However, the good substitution advantage of soybean meal weakens the demand expectation for rapeseed meal. With frequent trade policy news, market trading is cautious, and volatility increases, so short - term participation is recommended [2]. - For rapeseed oil, this year's festival stocking is lower than previous years, and overall consumption support is limited. The domestic vegetable oil supply - demand is still relatively loose, constraining short - term prices. But for rapeseed oil itself, the low oil mill operating rate and fewer near - term rapeseed purchases result in low supply - side pressure. The extension of the anti - dumping investigation on Canadian rapeseed restricts purchases, and the supply in the fourth quarter is expected to be tight. The price is supported before there is substantial progress in Sino - Canadian trade negotiations, but volatility increases due to frequent policy changes in Argentina [2]. 3. Summary by Relevant Catalogs 3.1 Futures Market - Futures prices: The closing price of the active rapeseed oil contract is 10,093 yuan/ton, down 69 yuan; the closing price of the active rapeseed meal contract is 2,416 yuan/ton, up 11 yuan; the closing price of the active ICE rapeseed contract is 614.5 Canadian dollars/ton, down 4.3 Canadian dollars; the closing price of the active rapeseed contract is 5,285 yuan/ton, down 160 yuan [2]. - Spread and basis: The rapeseed oil 1 - 5 month spread is 503 yuan/ton, down 17 yuan; the rapeseed meal 1 - 5 month spread is 93 yuan/ton, up 15 yuan; the rapeseed oil main - contract basis is 147 yuan/ton; the rapeseed meal main - contract basis is 84 yuan/ton [2]. - Positions and warehouse receipts: The main - contract positions of rapeseed oil are 331,056 lots, down 23,209 lots; the main - contract positions of rapeseed meal are 359,652 lots, down 11,448 lots. The net long positions of the top 20 futures holders for rapeseed oil are 29,336 lots, down 7,113 lots; for rapeseed meal, they are - 58,070 lots, up 4,493 lots. The rapeseed oil warehouse receipts are 8,057 sheets; the rapeseed meal warehouse receipts are 9,245 sheets [2]. 3.2 Spot Market - Spot prices: The spot price of rapeseed oil in Jiangsu is 10,240 yuan/ton; the spot price of rapeseed meal in Nantong is 2,500 yuan/ton, down 10 yuan; the spot price of rapeseed in Yancheng, Jiangsu is 5,700 yuan/ton; the average price of rapeseed oil is 10,305 yuan/ton; the import cost of rapeseed is 7,541.24 yuan/ton, down 3.59 yuan [2]. - Substitute prices: The spot price of Grade 4 soybean oil in Nanjing is 8,390 yuan/ton, down 70 yuan; the spot price of 24 - degree palm oil in Guangdong is 9,110 yuan/ton, down 120 yuan; the spot price of soybean meal in Zhangjiagang is 2,940 yuan/ton [2]. - Price differences: The rapeseed - soybean oil spot price difference is 1,780 yuan/ton; the rapeseed - palm oil spot price difference is 1,010 yuan/ton; the soybean - rapeseed meal spot price difference is 440 yuan/ton, up 10 yuan [2]. 3.3 Upstream Situation - Production: The global rapeseed production forecast for the year is 89.58 million tons, up 0.04 million tons; the annual rapeseed production forecast in a certain area is 12,378 thousand tons [2]. - Imports and processing: The total rapeseed import volume in the current month is 24.66 million tons, up 7.06 million tons; the import rapeseed crushing profit is 959 yuan/ton, up 120 yuan; the total rapeseed inventory in oil mills is 5 million tons, down 5 million tons; the weekly operating rate of imported rapeseed is 5.33%, down 7.73 percentage points [2]. 3.4 Industry Situation - Import volume: The import volume of rapeseed oil and mustard oil in the current month is 14 million tons, up 1 million tons; the import volume of rapeseed meal in the current month is 18.31 million tons, down 8.72 million tons [2]. - Inventory: The coastal rapeseed oil inventory is 6.85 million tons, down 0.7 million tons; the coastal rapeseed meal inventory is 1.5 million tons, down 0.25 million tons; the East China rapeseed oil inventory is 51 million tons, down 0.2 million tons; the East China rapeseed meal inventory is 28.93 million tons, down 1.07 million tons; the Guangxi rapeseed oil inventory is 3 million tons, down 0.5 million tons; the South China rapeseed meal inventory is 21.4 million tons, up 1.4 million tons [2]. -提货量: The weekly rapeseed oil pickup volume is 1.55 million tons, down 2.78 million tons; the weekly rapeseed meal pickup volume is 2.79 million tons, down 0.78 million tons [2]. 3.5 Downstream Situation - Production: The current - month feed production is 2,927.2 million tons, up 99.9 million tons; the current - month edible vegetable oil production is 450.6 million tons [2]. - Consumption: The current - month catering revenue in social consumer goods retail is 4,495.7 billion yuan, down 8.4 billion yuan [2]. 3.6 Option Market - Implied volatility: The implied volatility of at - the - money call options for rapeseed meal is 21.33%, up 1.43 percentage points; the implied volatility of at - the - money put options for rapeseed meal is 21.32%, up 1.41 percentage points; the implied volatility of at - the - money call options for rapeseed oil is 14.52%, up 0.18 percentage points; the implied volatility of at - the - money put options for rapeseed oil is 14.5%, up 0.17 percentage points [2]. - Historical volatility: The 20 - day historical volatility of rapeseed meal is 22.83%, up 0.09 percentage points; the 60 - day historical volatility of rapeseed meal is 24.5%, up 0.24 percentage points; the 20 - day historical volatility of rapeseed oil is 11.12%, up 0.32 percentage points; the 60 - day historical volatility of rapeseed oil is 13.31%, up 0.12 percentage points [2]. 3.7 Industry News - On September 26, ICE rapeseed futures reversed mid - week gains. The most actively traded November rapeseed futures fell 5.00 Canadian dollars, or 0.8%, to settle at 614.60 Canadian dollars/ton; the January rapeseed futures fell 5.00 Canadian dollars, or 0.8%, to settle at 627.7 Canadian dollars/ton [2]. - U.S. soybeans are in the harvest season, and the expected high yield continues to constrain soybean prices. China has not ordered any U.S. soybeans for the current year, and U.S. soybean export pressure remains. Argentina has re - imposed export tariffs, normalizing international market competition. The market focuses on the USDA quarterly inventory report [2]. - The Canadian rapeseed crop yield is estimated at 20 million tons, the highest since 2018, and the harvest is ongoing, which will put pressure on Canadian rapeseed prices [2]. - Driven by bilateral trade agreements and the EU's second postponement of the zero - deforestation law, Indonesian palm oil exports are boosted [2].
瑞达期货鸡蛋产业日报-20250929
Rui Da Qi Huo· 2025-09-29 08:42
鸡蛋产业日报 2025-09-29 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货收盘价(活跃合约):鸡蛋(日,元/500千 | 3016 | -20 期货前20名持仓:净买单量:鸡蛋(日,手) | -13270 | 7509 | | | 克) 鸡蛋期货月间价差(1-5):(日,元/500千克) | -43 | -10 期货持仓量(活跃合约):鸡蛋(日,手) | 284006 | -31270 | | | 注册仓单量:鸡蛋(日,手) | 26 | 0 | | | | 现货市场 | 鸡蛋现货价格(日,元/斤) | 3.54 | -0.08 基差(现货-期货)(日,元/500千克) | 527 | -56 | | 上游情况 | 产蛋鸡存栏指数:全国(月,2015=100) | 114.4 | 1.22 淘汰产蛋鸡指数:全国(月,2015=100) | 93.61 | -5.59 | | | 主产区平均价:蛋鸡苗(周,元/羽) | 2.6 | 0 新增雏鸡指数:全国(月,2015=1 ...
瑞达期货生猪产业日报-20250929
Rui Da Qi Huo· 2025-09-29 08:42
Group 1: Report Industry Investment Rating - No relevant content found Group 2: Core View of the Report - The supply of live pigs is abundant, while the demand growth is limited. The supply - demand pattern remains loose, suppressing the live pig price. The live pig 2511 contract has accelerated its decline, hitting the lowest level since 2022 and maintaining a weak pattern. Attention should be paid to pre - holiday positions [2] Group 3: Summary by Related Catalogs Futures Market - The closing price of the main futures contract for live pigs is 12,295 yuan/ton, down 280 yuan; the main contract position is 75,453 lots, down 9,566 lots; the number of warehouse receipts is 0 lots, down 298 lots; the net long position of the top 20 futures holders is - 28,957 lots, down 582 lots [2] Spot Market - The live pig price in Henan Zhumadian is 12,600 yuan/ton, unchanged; in Jilin Siping is 12,200 yuan/ton, down 100 yuan; in Guangdong Yunfu is 12,700 yuan/ton, down 200 yuan. The main live pig basis is 305 yuan/ton, up 280 yuan [2] Upstream Situation - The live pig inventory is 42,4470,000 heads, an increase of 7160,000 heads; the inventory of breeding sows is 4,0380,000 heads, a decrease of 40,000 heads. The CPI year - on - year is - 0.4%, down 0.4 percentage points. The spot price of soybean meal in Zhangjiagang is 2,940 yuan/ton, unchanged; the spot price of corn is 2,369.61 yuan/ton, up 1.57 yuan. The DCE pig feed cost index is 888.38, down 5.93. The monthly output of feed is 29,272,000 tons, an increase of 999,000 tons. The price of binary breeding sows is 1,548 yuan/head, down 77 yuan. The breeding profit of purchased piglets is - 236.57 yuan/head, down 37.26 yuan; the breeding profit of self - bred and self - raised live pigs is - 74.11 yuan/head, down 49.67 yuan. The monthly import volume of pork is 80,000 tons, a decrease of 10,000 tons. The average price of white - striped chicken in the main producing areas is 14.4 yuan/kg, up 0.1 yuan [2] Downstream Situation - The slaughter volume of designated live pig slaughtering enterprises is 33,500,000 heads, an increase of 1,840,000 heads. The monthly retail sales of social consumer goods in the catering industry is 449.57 billion yuan, down 8.4 billion yuan [2] Industry News - On September 29, 2025, the daily national live pig出栏 volume of key breeding enterprises was 288,940 heads, a decrease of 0.62% from the previous day. The supply side has pressure as large - scale farms continue to sell and small - scale farmers are also actively selling large pigs. The demand side has marginal improvement with cooler temperatures, falling prices and approaching holidays, but the overall growth is less than the supply side [2]
瑞达期货工业硅产业日报-20250929
Rui Da Qi Huo· 2025-09-29 08:42
工业硅产业日报 2025-09-29 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 主力合约收盘价(日,元/吨) | 8610 | -350 主力合约持仓量(日,手) | 206977 | -34235 | | | 前20名净持仓(日,手) | -68897 | -2055 广期所仓单(日,手) | 50133 | 67 | | | 12月合约收盘价:工业硅(日,元/吨) | -395 | -5 11-12月合约工业硅 | -395 | -5 | | 现货市场 | 通氧553#硅平均价(日,元/吨) | 9450 | -50 421#硅平均价(日,元/吨) | 9700 | 0 | | | Si主力合约基差(日,元/吨) | 840 | 300 DMC现货价(日,元/吨) | 11050 | -70 | | 上游情况 | 硅石平均价(日,元/吨) | 410 | 0 石油焦平均价(日,元/吨) | 1860 | 0 | | | 精煤平均价(日,元/吨) | 1850 | 0 木片平 ...
瑞达期货多晶硅产业日报-20250929
Rui Da Qi Huo· 2025-09-29 08:42
新单采购放缓。同时,国内光伏装机连续两月下滑,终端需求疲软难以对价格形成有力支撑。不过,N型料 研究员: 黄闻杰 期货从业资格号F03142112 期货投资咨询从业证书号Z0021738 需求增长将部分抵消P型过剩,可能对价格有一定的支撑作用。多晶硅继续受到了基本面情绪压制,但近期 免责声明 市场依旧有消息再影响多晶硅市场,下周预计整体呈现高位震荡态势。操作建议,逢低布局多单 本报告中的信息均来源于公开可获得资料,瑞达期货股份有限公司力求准确可靠,但对这些信息的准确性及完整性不做任 何保证,据此投资,责任自负。本报告不构成个人投资建议,客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有,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 瑞达期货股份有限公司研究院,且不得对本报告进行有悖原意的引用、删节和修改。 多晶硅产业日报 2025-09-29 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 主力收盘价:多晶硅(日 ...