国投期货：企业微信截图：2023q2财报精选

Report Summary Core Information - The report provides the average prices, price changes, and spot premiums/discounts of various non - ferrous metals on September 24, 2025, including copper, aluminum, lead, zinc, tin, nickel, silicon, and lithium [1]. Metal - Specific Details Copper - SMM 1 electrolytic copper average price is 80045, up 35; SMM flat - water copper premium/discount is 15, down 5 [1]. Aluminum - SMM A00 aluminum average price is 20680, unchanged; SMM A00 aluminum premium/discount is 0, up 10. Alumina (Shanxi) average price is 2950, down 10; Australian alumina FOB average price is 323 dollars, unchanged [1]. Lead - SMM 1 lead ingot average price is 16950, down 25; SMM 1 lead ingot premium/discount to the current - month futures at 10:15 is - 90, up 5. Recycled refined lead average price is 16875, down 25; the price difference between refined and scrap lead is 75, unchanged [1]. Zinc - SMM 0 zinc ingot average price is 21820, down 60; SMM 0 zinc ingot premium/discount to the current - month futures at 10:15 is - 60, down 5 [1]. Tin - SMM 1 tin average price is 271400, up 700; SMM 1 tin premium/discount to the current - month futures at 10:15 is 20, down 60. 40% tin concentrate (Yunnan) average price is 259400, up 700, and the ratio of 40% tin concentrate (Yunnan) to SMM 1 tin is 95.58% [1]. Nickel - 1 imported nickel average price is 121600, up 500; 1 imported nickel premium/discount to the SHFE nickel contract is 300, unchanged. 1 Jinchuan nickel average price is 123650, up 500; 1 Jinchuan nickel premium/discount to the SHFE nickel contract is 2350, unchanged [1]. Silicon - Oxygen - passed 553 (Xinjiang) average price plus 800 (with regional discount + 200 for quality impurity removal) is 10000, unchanged; 553 silicon spot premium/discount to the current - month futures at 10:15 is 1015, down 75. 421 silicon (Kunming) average price is 9950, polysilicon dense material average price is 0, granular silicon average price is 0, and N - type polysilicon material average price is 52.5 [1]. Lithium - Battery - grade lithium carbonate average price is 73850, unchanged; battery - grade lithium carbonate premium/discount to the current - month futures at 10:15 is 850, down 620. Industrial - grade lithium carbonate average price is 71600, and the price difference between battery - grade and industrial - grade lithium carbonate is 2250, unchanged [1]. Analyst Information - Xiao Jing, the chief analyst, focuses on copper and tin, with a qualification number of F3047773 and an investment consulting number of Z001408 [1]. - Liu Dongbo, a senior analyst, studies aluminum, alumina, and gold, with a qualification number of F3062795 and an investment consulting number of Z001531 [1]. - Wu Jiang, a senior analyst, is involved in nickel, stainless steel, silver, and lithium carbonate, with a qualification number of F3085524 and an investment consulting number of Z001639 [1]. - Sun Fangfang, a mid - level analyst, focuses on aluminum and zinc, with a qualification number of F03111330 and an investment consulting number of Z001890 [1]. - Zhang Xiurui, a mid - level analyst, studies industrial silicon, with a qualification number of F03099436 and an investment consulting number of Z002102 [1].