9月份，亚洲制造业PMI为50.9%，与上月持平，连续5个月在50%以上，显示亚洲制造业保持平稳扩张 态势。三季度，亚洲制造业PMI均值为50.8%，较二季度上升0.4个百分点。同期，非洲制造业PMI为 51.4%，连续3个月运行在50%以上。三季度，非洲制造业PMI保持在扩张区间。 分析认为，9月份，全球制造业PMI仍在50%以下，但保持在一定区间内，波动不大，表明全球经济恢 复态势相对平稳。三季度，全球制造业PMI均值为49.6%，较二季度上升0.3个百分点。三季度全球经济 恢复力度较二季度有所提升。在贸易摩擦和地缘政治冲突的持续扰动下，全球经济恢复在一定区间保持 稳定，但全球市场需求增长偏弱的情况没有改变，在此背景下，追求科技创新驱动、增强供应链韧性， 以及加强区域经济合作对经济稳定恢复具有重要作用。(完) 中新社北京10月6日电 (记者 阮煜琳)中国物流与采购联合会6日发布数据显示，9月份，全球制造业采购 经理指数(PMI)为49.7%，较上月小幅下降0.2个百分点，全球经济恢复态势相对平稳。 分区域看，美洲制造业PMI为48.9%，显示美洲制造业保持在收缩区间。三季度，美洲制造业PMI均值 为48. ...

3.【 项目总投资不超过140亿元，宁德时代洛阳基地二期项目正式投产 】 10月6日消息，据"今日 伊滨"公众号，9月30日，宁德时代洛阳基地二期项目电芯工厂、电池包工厂正式投产。作为宁德时 代在全球范围布局的十三大生产基地之一，宁德时代洛阳基地按照"灯塔工厂 + 零碳工厂"标准分四 期建设。其中，宁德时代洛阳基地一期项目自 2024年11月投产以来，累计产值已突破100亿元。记 者查询获悉，作为宁德时代的第十三座电池工厂，洛阳基地（中州时代）于2022年9月28日开工。 基地位于洛阳市伊滨区，项目规划用地面积1700亩，项目总投资不超过140亿元。 （快科技） 更多智能制造产业资讯 …… 1.【 亚洲制造业保持稳定扩张，9月全球制造业采购经理指数公布 】10月6日，中国物流与采购联合 会发布数据显示，2025年9月份全球制造业PMI为49.7%，较上月小幅下降0.2个百分点，连续7个月 在49%-50%的区间内。三季度，全球制造业PMI均值为49.6%，较二季度上升0.3个百分点。分区 域看，亚洲制造业PMI与上月持平，连续5个月运行在50%以上；非洲制造业PMI较上月有所上升， 连续3个月运行在50%以上 ...

智通财经APP获悉，10月6日，中国物流与采购联合会发布2025年9月份CFLP-GPMI分析。文章指出， 2025年9月份全球制造业PMI为49.7%，较上月小幅下降0.2个百分点，连续7个月在49%-50%的区间内。 三季度，全球制造业PMI均值为49.6%，较二季度上升0.3个百分点。 分区域看，亚洲制造业PMI与上月持平，连续5个月运行在50%以上;非洲制造业PMI较上月有所上升， 连续3个月运行在50%以上;欧洲制造业PMI较上月有所下降，在50%以下;美洲制造业PMI较上月微幅上 升，在50%以下。 综合指数变化，全球制造业PMI仍在50%以下，但保持在一定区间内，波动不大，表明全球经济恢复态 势相对平稳，三季度全球经济恢复力度较二季度有所提升。分区域看，亚洲制造业继续保持稳定扩张; 非洲制造业扩张力度较上月有所提升;美洲和欧洲制造业恢复力度相对较弱，其中欧洲制造业恢复力度 弱于上月，美洲制造业恢复力度与上月变化不大。 基于当前经济恢复态势相对稳定的考虑，经济合作与发展组织中期经济展望报告将2025年全球经济增长 预期由6月预测的2.9%上调至3.2%，同时维持对2026年全球经济增长2.9%的预 ...

Export Data - In August, exports grew by 4.4% year-on-year, down 2.8 percentage points from the previous month, and below the Wind consensus expectation of 5.9%[3] - Month-on-month, exports were flat with a 0.1% increase, indicating a stagnation in export value compared to the previous month[3] - The decline in export momentum is attributed to a high base effect from the previous year and signs of demand exhaustion from earlier periods[3] Trade with the US and Other Regions - Exports to the US fell by 33.1% year-on-year, a further decline of 11.4 percentage points from the previous month, with a month-on-month decrease of 11.8%[4] - The share of exports to the US has decreased from 12% to 10% in the second half of the year[4] - Exports to non-US regions showed significant growth, with the EU growing by 10.4% and ASEAN by 22.5% in August[4] Product Categories - Labor-intensive product exports saw a significant decline, with categories like bags, clothing, and footwear experiencing drops of -14.9%, -10.1%, and -17.1% respectively, collectively dragging down overall export growth by 1.2 percentage points[5] - In contrast, electromechanical products grew by 7.6%, contributing 4.5 percentage points to export growth, while high-tech products increased by 8.9%, adding 2.1 percentage points[5] Import Data - Imports grew by only 1.3% year-on-year in August, a decrease of 2.8 percentage points from the previous month, primarily due to low prices of bulk commodities[6] - Energy imports continued to decline, with coal, crude oil, and natural gas imports down by -35.9%, -15.1%, and -8.4% respectively[6] - Agricultural imports turned negative again, with a decline driven by reduced volumes and prices of grains and soybeans[6] Future Outlook - Export momentum may weaken further due to high base effects in Q4, but there are supportive factors such as improved global economic recovery, particularly in the EU and ASEAN regions, which together account for 33% of China's total exports[8] - Exports to Africa have been strong, with a cumulative growth rate reaching 24.6% in August, increasing its share of total exports to 6%[8]

中国物流与采购联合会今天（9月6日）公布8月份全球制造业采购经理指数。指数较上月有所上升，显 示全球制造业恢复力度有所增强。分区域看，亚洲制造业继续稳定在扩张区间，持续为世界经济增长提 供核心驱动力。 来源：智通财经 8月份全球制造业采购经理指数为49.9%，较上月上升0.6个百分点。指数连续6个月运行在50%以下，意 味着全球制造业并未改变弱势恢复态势，但恢复力度较上月有所增强。（日月谭天） | | 2025年8月全球主要国家制造业PMI | | | | --- | --- | --- | --- | | 国家 | 2025年8月 | 2025年7月 | 环比 | | 美国 | 48. 7 | 48 | 0.7 | | 日本 | 49. 7 | 48. 9 | 0.8 | | 德国 | 49.8 | 49.1 | 0.7 | | 法国 | 50. 4 | 48. 2 | 2. 2 | | 意大利 | 50. 4 | 49.8 | 0. 6 | | 荷兰 | 51.9 | 51.9 | 0 | | 爱尔兰 | 51.6 | 53. 2 | -1.6 | | 希腊 | 54. 5 | 51.7 | 2. 8 | ...

Group 1 - The global manufacturing PMI for August 2025 is reported at 49.9%, an increase of 0.6 percentage points from July, indicating a slight recovery in the manufacturing sector, although it remains below the neutral level of 50 [1] - In Asia, the manufacturing PMI stands at 50.9%, up 0.4 percentage points from July, marking four consecutive months above 50, while Africa's PMI is at 50.8%, down 0.3 percentage points, but still above 50 [1] - The analysis suggests that the economic foundations in China are strengthening, with India and ASEAN economies also showing positive signs, contributing to Asia's economic expansion, which outpaces other regions [1] Group 2 - Manufacturing PMIs in the Americas and Europe remain in contraction territory, with the Americas at 48.8% (up 0.8 points) and Europe at 49.8% (up 0.7 points), indicating a slow recovery despite being below 50 [2] - The data reflects a global manufacturing sector that, while not fully recovered, is showing signs of enhanced recovery, particularly in Asia, which supports global economic growth [2] - There is a call for countries to enhance policy coordination and optimize global supply chains to foster a stable economic recovery [2] Group 3 - The global economic recovery is characterized by slow progress amidst trade tensions and geopolitical conflicts, with a growing willingness among countries to explore new cooperative paths [3] - Since March, the global manufacturing PMI has remained above 49%, indicating resilience in recovery efforts despite not surpassing the neutral mark [3] - Strengthening economic policy coordination and reducing instability during the recovery process are essential for sustaining global economic recovery [3]

展望后市，全球经济恢复仍面临较大的下行压力，地缘政治冲突扰动仍然存在，全球市场有效需求不足 态势没有改变。世界银行发布的最新《全球经济展望》报告认为，2025年全球贸易增速，预计将从2024 年的3.4%放缓至1.8%。专家表示，各国需通过不断沟通和协商，继续探寻新的合作模式和贸易规则， 逐步减少不确定性影响，增强本国乃至全球经济恢复韧性。 中国物流与采购联合会6日发布数据显示，7月份，全球制造业采购经理指数(PMI)为49.3%，较上月下 降0.2个百分点，结束连续两个月环比上升走势。 7月份，全球制造业PMI较上月小幅下降，连续5个月运行在50%以下，意味着全球制造业继续弱势运 行，且恢复力度较上月稍有减弱。分区域看，7月份，美洲制造业PMI为48%，较上月下降0.6个百分 点，连续5个月低于49%，显示美洲制造业保持在收缩区间，且恢复力度较上月有所减弱。欧洲制造业 PMI为49.1%，较上月上升0.3个百分点，连续7个月小幅上升，意味着欧洲制造业延续缓慢恢复态势， 且恢复力度较上月有小幅提升。 7月份，非洲制造业PMI为51.1%，较上月上升1.4个百分点，连续两个月环比上升。数据变化显示，非 洲制造业 ...

7月份美洲制造业采购经理指数为48%，较上月下降0.6个百分点，显示美洲制造业保持在收缩区间，并 且恢复力度较上月有所减弱。主要国家数据显示，美国制造业采购经理指数为48%，创年内新低，连续 5个月低于50%。 展望后市，全球经济恢复仍面临较大的下行压力，美国对各国的关税政策演变仍存在不确定性，地缘政 治冲突扰动仍然存在，全球市场有效需求不足的态势没有改变。世界银行发布的最新《全球经济展望》 报告认为，2025年全球贸易增速，预计将从2024年的3.4%放缓至1.8%。专家表示，全球各国需要通过 不断沟通和协商，继续探寻新的合作模式和贸易规则，逐步减少不确定性影响，来增强全球经济恢复的 动力。 分区域看： 7月份亚洲制造业采购经理指数为50.5%，较上月下降0.2个百分点，连续3个月保持在50%以上。亚洲制 造业整体保持扩张态势，继续成为支撑全球经济复苏的主要动力。 7月份非洲制造业采购经理指数为51.1%，较上月上升1.4个百分点，连续2个月环比上升。数据变化显 示，非洲制造业恢复力度持续提升。 7月份欧洲制造业采购经理指数为49.1%，较上月上升0.3个百分点。欧洲制造业恢复力度较上月有小幅 提升，但仍延 ...

Report Overview - Report Date: July 7, 2025 [1] - Report Type: Stainless Steel Industry Daily Report 1. Report Industry Investment Rating - Not provided 2. Core Viewpoints - On the raw material side, the implementation of Indonesia's PNBP policy increases the cost of nickel resource supply, but the accelerated release of Indonesia's ferronickel production capacity leads to a significant rebound in production, and the recent ferronickel price has dropped significantly, weakening the raw material cost support [2] - On the supply side, steel mills face increasing cost - inversion pressure and are in a loss state across the board. They are forced to increase production cuts, and domestic anti - involution measures may accelerate the alleviation of the oversupply situation, so stainless steel production is expected to decline further [2] - On the demand side, entering the traditional consumption off - season, with increased macro - market uncertainties and remaining export demand pressure, downstream players are cautious and pessimistic. Domestic inventory reduction is not satisfactory, and attention should be paid to the inventory reduction effect brought by subsequent production cuts [2] - Technically, with a decrease in positions, attention should be paid to the support of MA10, and short - term strong adjustment is expected. It is recommended to wait and see or go long lightly on dips [2] 3. Summary by Related Catalogs 3.1 Futures Market - The closing price of the stainless steel futures main contract is 12,640 yuan/ton, down 90 yuan; the 08 - 09 contract spread is 45 yuan/ton, down 10 yuan [2] - The net long position of the top 20 futures holders is - 5,252 lots, down 2,038 lots; the position of the main contract is 91,742 lots [2] - The warehouse receipt quantity is 111,533 tons, down 62 tons [2] 3.2现货市场 - The price of 304/2B rolled cut - edge in Wuxi is 13,300 yuan/ton, unchanged; the market price of scrap stainless steel 304 in Wuxi is 9,200 yuan/ton, unchanged [2] - The basis of the SS main contract is 255 yuan/ton, up 90 yuan [2] 3.3 Upstream Situation - The monthly electrolytic nickel production is 29,430 tons, an increase of 1,120 tons; the total monthly ferronickel production is 23,900 metal tons, an increase of 2,200 metal tons [2] - The monthly import volume of refined nickel and alloys is 17,687.58 tons, a decrease of 1,058.97 tons; the monthly import volume of ferronickel is 848,200 tons, an increase of 31,300 tons [2] - The spot price of SMM1 nickel is 122,000 yuan/ton, down 1,450 yuan; the average price of ferronickel (7 - 10%) nationwide is 910 yuan/nickel point, unchanged [2] - China's monthly ferrochrome production is 757,800 tons, a decrease of 26,900 tons [2] 3.4 Industry Situation - The monthly production of 300 - series stainless steel is 1.7847 million tons, a decrease of 39,600 tons; the weekly total inventory of 300 - series stainless steel is 605,900 tons, a decrease of 13,500 tons [2] - The monthly stainless steel export volume is 458,500 tons, a decrease of 29,500 tons [2] 3.5 Downstream Situation - The cumulative monthly new housing construction area is 231.8361 million square meters, an increase of 53.4777 million square meters [2] - The monthly output of excavators is 25,800 units, a decrease of 200 units; the monthly output of large and medium - sized tractors is 24,600 units, a decrease of 10,400 units; the monthly output of small tractors is 11,000 units, a decrease of 1,000 units [2] 3.6 Industry News - US President Trump said that the US government will issue notices of new tariff rates to countries without a trade agreement starting July 4, with rates ranging from 10% to 70%, and plans to officially implement them on August 1. The upper - limit tariff (70%) is much higher than the 50% announced in April [2] - Data from the China Federation of Logistics and Purchasing shows that the global manufacturing PMI in June was 49.5%, up 0.3 percentage points from the previous month, rising slightly for two consecutive months [2]

贴水上升，LME锡强势带动国内价格。技术面，减仓下跌，跌破M10支撑，重回前期区间。操作上，建议暂 免责声明 | | | 沪锡产业日报 2025-07-07 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:沪锡(日,元/吨) | 263520 | -3730 LME3个月锡(日,美元/吨) | 33770 | -35 | | | 8月-9月合约收盘价:沪锡(日,元/吨) | -150 | -70 主力合约持仓量:沪锡(日,手) | 28262 | -2457 | | | 期货前20名净持仓:沪锡(日,手) | -398 | 362 LME锡:总库存(日,吨) | 2110 | -55 | | | 上期所库存:锡(周,吨) | 7198 | 243 LME锡:注销仓单(日,吨) | 640 | -25 | | 现货市场 | 上期所仓单:锡(日,吨) | 6868 | 61 | | | | | SMM1#锡现货价格(日,元/吨) | 266800 | -500 长江有 ...