有色及贵金属日度数据简报-20250925

Group 1: Investment Rating - No relevant information provided Group 2: Core View - No explicit core view presented in the report. It mainly provides day - to - day data on various non - ferrous and precious metals. Group 3: Summary by Metal Categories Gold (AU) - Prices: On 2025/9/24, the closing price of SHFE gold main contract was 5.28 yuan/gram lower than before, at 854.72 yuan/gram. COMEX gold main contract closed at 3768.50 dollars/ounce. London gold spot price was 362.08 dollars/ounce on 2025/9/24 [1] - Basis: Domestic basis (gold T + D - main contract) was - 850.99 yuan/gram, and overseas basis (LBMA gold spot - COMEX AU01) was 19.80 dollars/ounce on 2025/9/24 [1] Silver (AG) - Prices: On 2025/9/25, the closing price of SHFE silver main contract was 10411 yuan/kilogram. COMEX silver main contract closed at 2.02 dollars/ounce. London silver spot price was 2.61 dollars/ounce [1] - Basis: Domestic basis (AG(T + D)-main contract) was - 20 yuan/gram, and overseas basis (LBMA silver spot - COMEX AG01) was 0.74 dollars/ounce on 2025/9/25 [1] Copper (CU, BC) - Prices: On 2025/9/25, the closing price of SHFE copper main contract was 82710 yuan/ton, and that of international copper main contract was 73450 yuan/ton. LME copper 3M closed at 522.00 dollars/ton [1] - Spreads and Premiums: SHFE copper monthly spread (CU00 - CU01) was - 90 yuan/ton. LME copper 0 - 3 spread was - 31.37 dollars/ton. SMM1 electrolytic copper price changes were also provided, and various regional and spot premiums were detailed [1] - Inventories: SHFE copper warehouse receipts inventory was 27419 tons on 2025/9/25. LME copper warehouse receipts inventory was 144775 tons, with a decrease [1] - Import Profits and Losses: Copper spot import profit and loss was - 310.51 yuan/ton, and 3M import profit and loss was - 335.51 yuan/ton [1] Aluminum and Alumina (AL, AO) - Prices: On 2025/9/25, the closing price of SHFE aluminum main contract was 20765 yuan/ton, and that of alumina main contract was 2942 yuan/ton. LME aluminum 3M closed at 2647.50 dollars/ton [1] - Spreads and Premiums: SHFE aluminum monthly spread (AL00 - AL01) was - 5 yuan/ton. LME aluminum 0 - 3 spread was - 3 dollars/ton. Regional spot premiums for electrolytic aluminum and alumina were provided [1] - Inventories: SHFE aluminum warehouse receipts inventory was 67736 tons on 2025/9/25. Alumina warehouse receipts inventory was 149211 tons [1] - Profits: Alumina plant profit was - 214.07 yuan/ton, and electrolytic aluminum plant smelting profit was 99.86 yuan/ton [1] Zinc (ZN) - Prices: On 2025/9/25, the closing price of SHFE zinc main contract was 22045 yuan/ton. LME zinc 3M closed at 2925 dollars/ton [1] - Spreads and Premiums: SHFE zinc monthly spread (ZN00 - ZN01) was - 5 yuan/ton. LME zinc 0 - 3 spread was 47.37 dollars/ton. Regional spot premiums and import premiums were provided [1] - Inventories: SHFE zinc warehouse receipts inventory was 21320 tons on 2025/9/25. LME zinc warehouse receipts inventory decreased [1] - Profits and Losses: Refined zinc spot import profit and loss was - 2837.92 yuan/ton, and 3M import profit and loss was - 2324.93 yuan/ton. Refined zinc plant smelting profit was - 112.00 yuan/ton [1] Lead (PB) - Prices: On 2025/9/25, the closing price of SHFE lead main contract was 17090 yuan/ton. LME lead 3M closed at 2004.00 dollars/ton [1] - Spreads and Premiums: SHFE lead monthly spread (PB00 - PB01) was - 10 yuan/ton. LME lead 0 - 3 spread was 2.05 dollars/ton. Refined lead Shanghai premium was - 10 yuan/ton [1] - Inventories: SHFE lead warehouse receipts inventory decreased, and LME lead warehouse receipts inventory also decreased [1] - Profits and Losses: Refined lead spot import profit and loss was - 96.35 yuan/ton, and 3M import profit and loss was - 32.22 yuan/ton. Regenerated lead plant smelting profit was - 71.20 yuan/ton [1] Nickel and Stainless Steel (NI, SS) - Prices: On 2025/9/25, the closing price of SHFE nickel main contract was 122990 yuan/ton, and that of stainless steel main contract was 12930 yuan/ton. LME nickel 3M closed at 15445 dollars/ton [1] - Spreads and Premiums: SHFE nickel monthly spread (NI00 - NI01) was - 90 yuan/ton. Stainless steel monthly spread (SS00 - SS01) was - 125 yuan/ton. Regional spot premiums for nickel were provided [1] - Inventories: SHFE nickel warehouse receipts inventory was 24971 tons on 2025/9/25. Stainless steel warehouse receipts inventory decreased [1] - Profits and Losses: Refined nickel spot import profit and loss was - 332.17 yuan/ton, and 3M import profit and loss was - 92.25 yuan/ton [1] Tin (SN) - Prices: On 2025/9/25, the closing price of SHFE tin main contract was 273710 yuan/ton. LME tin 3M closed at - 160 dollars/ton [1] - Spreads and Premiums: SHFE tin monthly spread (SNOO - SN01) was - 390 yuan/ton. LME tin 0 - 3 spread was - 33 dollars/ton. Regional spot premium in Shanghai was - 200 yuan/ton [1] - Inventories: SHFE tin warehouse receipts inventory decreased, and LME tin warehouse receipts inventory was 2695 tons [1] - Profits and Losses: Refined tin spot import profit and loss was - 1031.35 yuan/ton, and tin ore processing fee was 12000 yuan/ton [1]