有色及贵金属日度数据简报-20251202

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core View The report presents the daily data briefing of non - ferrous metals and precious metals on December 2, 2025, including the prices, price differences, and inventory data of various metals such as gold, silver, copper, aluminum, zinc, lead, nickel, stainless steel, and tin, but does not put forward a clear core view. 3. Summary by Metal Types Gold (AU) - Prices: On December 1, 2025, the Shanghai Gold (AU) main contract closing price was 958.42 yuan/gram, the near - month closing price was 955.02 yuan/gram; the COMEX gold main contract closing price was 323.70 US dollars/ounce, and the near - month closing price was 13.00 US dollars/ounce. The London gold spot price was 4246.48 US dollars/ounce, and the Shanghai Gold Exchange (SGE) gold spot price was 15.23 yuan/gram [1]. - Basis: The domestic basis (gold T + D - main contract) was 1.28 yuan/gram, and the overseas basis (LBMA gold spot - COMEX AU01) was 39.20 US dollars/ounce [1]. Silver (AG) - Prices: On December 2, 2025, the Shanghai Silver (AG) main contract closing price was 13423 yuan/kilogram, the near - month closing price was 13417 yuan/kilogram; the COMEX silver main contract closing price was 1.37 US dollars/ounce, and the near - month closing price was 1.26 US dollars/ounce. The London silver spot price was 57.49 US dollars/ounce, and the SGE silver spot price was 592 yuan/kilogram [1]. - Basis: The domestic basis (AG(T + D) - main contract) was - 12 yuan/gram, and the overseas basis (LBMA silver spot - COMEX AG01) was 2.22 US dollars/ounce [1]. Copper (CU, BC) - Prices: On December 2, 2025, the Shanghai Copper (CU) main contract closing price was 88920 yuan/ton, the continuous contract closing price was 88870 yuan/ton; the International Copper (BC) main contract closing price was - 370 yuan/ton, and the continuous contract closing price was 79450 yuan/ton. The LME copper 3M closing price was 332.00 US dollars/ton, and the COMEX copper main contract price was 5.27 US dollars/pound [1]. - Basis and Inventory: The domestic basis, overseas basis, and various inventory data such as Shanghai copper warehouse receipt inventory, international copper warehouse receipt inventory, LME copper warehouse receipt inventory, and COMEX copper warehouse receipt inventory are also provided, as well as the import profit and loss data [1]. Aluminum and Alumina (AL, AO) - Prices: On December 2, 2025, the Shanghai Aluminum (AL) main contract closing price was 21910 yuan/ton, the continuous contract closing price was 21870 yuan/ton; the Alumina (AO) main contract closing price was - 7 yuan/ton, and the continuous contract closing price was 2611 yuan/ton. The LME aluminum 3M closing price was 9.00 US dollars/ton, and the COMEX aluminum main contract closing price was - 2699.00 US dollars/ton [1]. - Basis, Inventory and Profit: The basis, inventory data of Shanghai aluminum and alumina, and the profit data of alumina plants and electrolytic aluminum plants are provided [1]. Zinc (ZN) - Prices: On December 2, 2025, the Shanghai Zinc (ZN) main contract closing price was 22745 yuan/ton, the continuous contract closing price was 22700 yuan/ton, and the LME zinc 3M closing price was 5 US dollars/ton [1]. - Basis, Inventory and Profit: The basis, inventory data, and import profit and loss data of refined zinc are presented [1]. Lead (PB) - Prices: On December 2, 2025, the Shanghai Lead (PB) main contract closing price was 135 yuan/ton, the continuous contract closing price was - 180 yuan/ton, and the LME lead 3M closing price was 22.50 US dollars/ton [1]. - Basis, Inventory and Profit: The basis, inventory data, and import profit and loss data of refined lead are provided [1]. Nickel and Stainless Steel (NI, SS) - Prices: On December 2, 2025, the Shanghai Nickel (NI) main contract closing price was 118050 yuan/ton, the continuous contract closing price was 117700 yuan/ton; the Stainless Steel (SS) main contract closing price was 20 yuan/ton, and the continuous contract closing price was 12300 yuan/ton. The LME nickel 3M closing price was 230 US dollars/ton [1]. - Basis, Inventory and Profit: The basis, inventory data, and import profit and loss data of refined nickel and stainless steel are given [1]. Tin (SN) - Prices: On December 2, 2025, the Shanghai Tin (SN) main contract closing price was 11690 yuan/ton, the continuous contract closing price was 306160 yuan/ton, and the LME tin 3M closing price was 39195 US dollars/ton [1]. - Basis, Inventory and Profit: The basis, inventory data, and import profit and loss data of refined tin are shown [1].