2 1 Shi Ji Jing Ji Bao Dao·2025-10-10 04:25Market Overview - On October 10, the three major indices opened lower, with the Shanghai Composite Index down 0.51%, the Shenzhen Component Index down 1.85%, and the ChiNext Index down 3.4%. Over 2,300 stocks declined, with a trading volume of 1.66 trillion yuan, a decrease of 63.4 billion yuan compared to the same period of the previous trading day [1]. Sector Performance - The graphene concept and coal mining sectors saw gains, while precious metals, semiconductor chips, and new energy batteries experienced significant declines [2]. Graphene Sector - The graphene sector was notably active, with stocks such as Baotailong (601011) and Del Future (002631) hitting the daily limit up. Other stocks like Henghui Security (300952) and Feirongda (300602) also saw increases. This activity was driven by the announcement from the Ministry of Commerce and the General Administration of Customs regarding export controls on lithium batteries and artificial graphite negative electrode materials [3]. Graphene Stock Performance - Baotailong (601011.SH): Latest price 3.27, up 10.10% - Del Future (002631.SZ): Latest price 5.79, up 10.08% - Henghui Security (300952.SZ): Latest price 35.39, up 8.89% [4]. Coal Mining Sector - The coal mining sector showed a strong upward trend, with Dayou Energy (600403) hitting the daily limit up. Other companies like Jinkong Coal Industry (601001) and Shanxi Coking Coal (000983) also reported gains. Analysts from Guosheng Securities noted that domestic coal production has been constrained since July due to regulatory checks, leading to a likely decrease in coal production in the second half of the year. This situation, combined with lower inventory levels compared to last year, could result in upward pressure on coal prices [5]. Coal Mining Stock Performance - Dayou Energy (600403.SH): Latest price 4.31, up 9.95% - Jinkong Coal Industry (601001.SH): Latest price 14.91, up 3.61% - Shanxi Coking Coal (000983.SZ): Latest price 7.35, up 2.23% [6]. Lithium Battery and Semiconductor Sectors - The lithium battery supply chain faced significant declines, with stocks like Tianji Co. (002759) hitting the limit down, falling 9.08%. Other companies such as Xiandao Intelligent (300450) and Yinghe Technology (300457) dropped over 10%. The semiconductor sector also saw declines, with companies like Huahong Semiconductor and Dongxin Co. falling over 10% [7]. Precious Metals Sector - On October 10, spot gold prices fell below $4,000 per ounce, trading at $3,972.44. The A-share precious metals sector dropped over 3%, with stocks like Xiaocheng Technology (300139) and Western Gold (601069) declining over 8% [9][10]. Market Sentiment on Precious Metals - The recent decline in precious metals may be attributed to a combination of easing geopolitical tensions and profit-taking by investors. Reports indicated that a ceasefire agreement between Israel and Hamas has led to reduced demand for gold as a safe-haven asset. However, overall confidence in gold's long-term prospects remains optimistic, with forecasts suggesting that gold prices could exceed $4,500 per ounce in the first quarter of next year [11].