青海省核查工作组已到达海西州并开展工作 中新网西宁9月19日电 (记者 孙睿)青海省海西州政府新闻办公室于9月19日15时22分发布信息称，青海 省核查工作组已到达海西州并开展工作。 根据此前发布的情况通报，海西州、大柴旦行委调查组已赴现场开展核查工作，并调集化工专业人员进 行环境检测，后续将根据核查和检测结果依法依规处理。(完) 来源：中国新闻网 编辑：张澍楠 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 海西州政府新闻办公室发布的最新通报。网络截图 9月19日，《无视中央环保督察 青海一"矿霸"非法填埋万吨危废》的视频与文稿在网络发布，引发广泛 关注。 ...

据海西发布微信公众号消息，2025年9月19日，《无视中央环保督察 青海一"矿霸"非法填埋万吨危废》 视频、文稿在网络发布后，海西州委、州政府高度重视，已成立海西州、大柴旦行委调查组赴现场开展 核查工作，并调集化工专业人员进行环境检测，后续将根据核查和检测结果依法依规处理。 ...

青海省海西州政府新闻办公室9月19日发布情况通报。 《经济参考报》9月19日刊发报道，青海柴达木兴华锂盐有限公司被举报非法掩埋大量工业危险废物， 上级部门责令其在中央环保督察前"未督先改"，该企业却突击将大量已偷埋的危废挖出并易地填埋，涉 及数量上万吨，对生态环境造成二次伤害。 2025年9月19日，《无视中央环保督察 青海一"矿霸"非法填埋万吨危废》视频、文稿在网络发布后，海 西州委、州政府高度重视，已成立海西州、大柴旦行委调查组赴现场开展核查工作，并调集化工专业人 员进行环境检测，后续将根据核查和检测结果依法依规处理。 ...

Core Viewpoint - The government of Haixi Prefecture has taken immediate action in response to the release of a video and report regarding illegal hazardous waste disposal by a mining entity, indicating a strong commitment to environmental protection and regulatory compliance [1] Group 1 - The Haixi Prefecture government has established an investigation team to verify the claims made in the report about illegal hazardous waste disposal [1] - Environmental testing will be conducted by chemical professionals as part of the investigation process [1] - Future actions will be determined based on the results of the investigation and environmental tests, ensuring adherence to legal and regulatory frameworks [1]

人民财讯9月19日电，据海西发布，2025年9月19日，《无视中央环保督察青海一"矿霸"非法填埋万吨危 废》视频、文稿在网络发布后，海西州委、州政府高度重视，已成立海西州、大柴旦行委调查组赴现场 开展核查工作，并调集化工专业人员进行环境检测，后续将根据核查和检测结果依法依规处理。 ...

（文章来源：央视新闻） 据"海西发布"消息，2025年9月19日，《无视中央环保督察青海一"矿霸"非法填埋万吨危废》视频、文 稿在网络发布后，海西州委、州政府高度重视，已成立海西州、大柴旦行委调查组赴现场开展核查工 作，并调集化工专业人员进行环境检测，后续将根据核查和检测结果依法依规处理。 ...

1. Report Industry Investment Rating - No information provided on the industry investment rating 2. Core Views - **Coking Coal**: Environmental inspections have a phased impact on coking coal supply. With downstream restocking demand, coal mine shipments have improved, and prices of some coal types have stabilized. Some high - quality and scarce resources have rebounded slightly. The terminal hot metal production continues to rise, and demand support is relatively stable. Steel mills' profitability has improved, with some restocking behavior, but overall they purchase on - demand. It is expected that coking coal prices may be weak in the short term [2]. - **Coke**: As the price of coking coal stabilizes and rebounds, coke enterprises' cost pressure increases, and some have cut production due to narrowed profit margins. Market sentiment has improved, and downstream steel mills and traders' purchasing enthusiasm has increased. Coke shipments are relatively smooth, and inventory pressure has eased. With steel mills' production enthusiasm high, restocking demand has slightly increased, and speculative trading has increased. With cost support from coking coal, it is expected that coke prices may remain stable in the short term [6]. 3. Summary by Relevant Catalogs 3.1 Price - **Coking Coal**: On June 30 (17:30), the prices of imported Russian and Australian coking coal at different ports are detailed, with some prices showing increases such as the main coking coal K4 at Rizhao Port increasing by 15, and the fat coal Elga at Caofeidian Port increasing by 15 [10]. 3.2 Inventory - **Port Inventory**: Coking coal port inventory is 312 million tons, a decrease of 1 million tons from last week; coke port inventory is 203.1 million tons, a decrease of 11.1 million tons from last week [18]. - **Independent Coke Enterprises' Inventory**: Independent coke enterprises' coking coal inventory is 669.5 million tons, a decrease of 21.4 million tons from last week; coke inventory is 87.3 million tons, a decrease of 1.1 million tons from last week [21]. - **Steel Mills' Inventory**: Steel mills' coking coal inventory is 774 million tons, an increase of 3.1 million tons from last week; coke inventory is 642.8 million tons, a decrease of 3 million tons from last week [24]. 3.3 Production - related - **Coke Oven Capacity Utilization**: The capacity utilization rate of 230 independent coke enterprises nationwide is 74%, the same as last week [35]. - **Average Profit per Ton of Coke**: The average profit per ton of coke for 30 independent coking plants nationwide is - 46 yuan, a decrease of 27 yuan from last week [39]. 3.4 Factors Affecting Prices - **Coking Coal**: Positive factors include rising hot metal production and limited supply growth; negative factors include slower purchasing of raw coal by coke - steel enterprises and weak steel prices [4]. - **Coke**: Positive factors include rising hot metal production and increasing blast furnace operating rates; negative factors include squeezed profit margins of steel mills and partially over - drawn restocking demand [8].

Report Industry Investment Ratings No relevant content provided. Core Views of the Report - The geopolitical risk has significantly increased after the US attacked Iranian nuclear facilities, leading to a short - term strengthening of the US dollar index. The situation in the Middle East is moving towards escalation, and the market is closely watching Iran's retaliatory actions [12]. - The Fed may cut interest rates as early as July, but the impact on the US stock market is uncertain due to the unclear situation in the Middle East. The US stock market is expected to oscillate weakly [15][16]. - Gold prices are expected to continue to oscillate, with the Middle East conflict amplifying market volatility [18][19]. - A - share market is expected to maintain a narrow - range oscillation. It is recommended to allocate assets evenly to cope with fluctuations [24][25]. - In the bond market, the curve of treasury bond futures is expected to continue to steepen, and long positions can be held [27][28]. - In the commodity market, different products have different trends. For example, the overall price of edible oils has a strong bottom support; sugar prices have limited rebound space; cotton prices are expected to oscillate; and the prices of some metals and energy - chemical products are affected by supply - demand relationships and geopolitical factors [30][36][40]. Summary by Related Catalogs 1. Financial News and Comments 1.1 Macro Strategy (Foreign Exchange Futures - US Dollar Index) - The US attacked three Iranian nuclear facilities, and the geopolitical risk has increased. The short - term US dollar index is expected to strengthen [11][12]. 1.2 Macro Strategy (US Stock Index Futures) - The Iranian parliament may close the Strait of Hormuz. The US may revoke exemptions for some semiconductor manufacturers. The Fed may cut interest rates as early as July. The US stock market is under pressure, but the market's reaction is limited for now [13][14][15]. 1.3 Macro Strategy (Gold) - The US military strike on Iran has intensified the geopolitical situation. Gold prices are expected to oscillate, affected by both the increase in risk - aversion sentiment and the strengthening of the US dollar [17][18]. 1.4 Macro Strategy (Stock Index Futures) - Overseas conflicts have led to a decline in global risk appetite. The A - share market is expected to maintain a narrow - range oscillation. It is recommended to allocate assets evenly [20][24][25]. 1.5 Macro Strategy (Treasury Bond Futures) - The 6 - month LPR remains stable. The curve of treasury bond futures is expected to continue to steepen, and long positions can be held [26][27][28]. 2. Commodity News and Comments 2.1 Agricultural Products (Soybean Oil/Rapeseed Oil/Palm Oil) - The export of Malaysian palm oil has increased, but the price increase is hindered by India's order cancellation. The overall price of edible oils has a strong bottom support [29][30]. 2.2 Agricultural Products (Sugar) - Pakistan plans to import 750,000 tons of sugar. The external market of sugar may rebound weakly, while the internal market has limited rebound space [31][35][36]. 2.3 Agricultural Products (Cotton) - China's textile and clothing exports have increased. The US cotton export has shown changes. Zhengzhou cotton is expected to oscillate, with both upward and downward space limited [37][39][40]. 2.4 Agricultural Products (Corn Starch) - The inventory of cassava starch in domestic ports is high. It is recommended to wait and see the CS - C spread [41]. 2.5 Agricultural Products (Corn) - The wheat price first rose and then fell. The 09 - contract of corn is expected to oscillate, and it is recommended to pay attention to the opportunity of short - selling the 11 and 01 contracts in the future [42]. 2.6 Black Metals (Steam Coal) - The import of steam coal has increased. The short - term price is expected to be stable, but the downward trend has not ended. Attention should be paid to the hydropower and daily consumption in July [43][44]. 2.7 Black Metals (Iron Ore) - China's automobile exports have increased. The iron ore market is expected to maintain a weak oscillation, and it is recommended to short - sell at high prices [45]. 2.8 Agricultural Products (Soybean Meal) - The USDA's weekly export sales report is better than expected. The soybean meal price is expected to oscillate strongly, and attention should be paid to the USDA area report on June 30 and the weather in the US soybean - producing areas [46][48][49]. 2.9 Black Metals (Rebar/Hot - Rolled Coil) - The steel price is expected to oscillate in the short term. It is recommended to use the strategy of hedging on the spot side when the price rebounds [51][52]. 2.10 Non - ferrous Metals (Copper) - The geopolitical situation has a complex impact on copper prices. The short - term volatility of the copper market may increase, and it is recommended to wait patiently for opportunities [57]. 2.11 Non - ferrous Metals (Nickel) - The nickel price is oscillating weakly at a low level. It is recommended to wait and see on the long - short side and pay attention to the strategy of short - selling at high prices in Q3 [59][60]. 2.12 Non - ferrous Metals (Lithium Carbonate) - The import of lithium carbonate has decreased. The short - term pressure on the lithium carbonate market is high, and it is not recommended to short - sell at the current point [61][62][63]. 2.13 Non - ferrous Metals (Polysilicon) - The export of polysilicon has increased. Before the leading enterprises cut production, the market is bearish. It is recommended to consider short - term short and long - term long strategies [64][65]. 2.14 Non - ferrous Metals (Industrial Silicon) - The inventory of industrial silicon has decreased, but the supply is still greater than the demand. The price is expected to oscillate at a low level, and it is recommended to short - sell lightly after the price rebounds [66][67][68]. 2.15 Non - ferrous Metals (Lead) - The export of lead - acid batteries has decreased. The lead price is expected to oscillate widely. It is recommended to wait and see in the short term and buy on dips [70]. 2.16 Non - ferrous Metals (Zinc) - The export of die - cast zinc alloy has decreased. The zinc market is expected to be bearish. It is recommended to short - sell at high prices and consider positive - spread arbitrage strategies [75]. 2.17 Energy Chemicals (Carbon Emissions) - The EU carbon price has decreased slightly. The EU carbon price is expected to have greater short - term fluctuations [76][77]. 2.18 Energy Chemicals (Crude Oil) - The number of US oil rigs has decreased. The Middle East conflict may further escalate, and the oil price is expected to oscillate strongly [78][79][80]. 2.19 Energy Chemicals (Caustic Soda) - The caustic soda market is weakening, but the downward space of the 09 contract is limited [81][82]. 2.20 Energy Chemicals (Pulp) - The pulp market price is weak. It is expected to oscillate due to the impact of the Middle East conflict [83][84]. 2.21 Energy Chemicals (PVC) - The PVC spot price has increased, but the increase is expected to be limited due to its weak relationship with crude oil [85]. 2.22 Energy Chemicals (Bottle Chips) - Bottle chip factories plan to cut production in July, which will relieve the supply pressure. It is recommended to pay attention to the opportunity of expanding the processing margin by buying at low prices [87]. 2.23 Energy Chemicals (Soda Ash) - The soda ash market is weak. It is recommended to short - sell at high prices in the medium term [89]. 2.24 Energy Chemicals (Float Glass) - The float glass price is affected by the increase in crude oil prices and policy expectations. However, due to the seasonal decline in demand, the price may decline. The short - term rebound may not be sustainable [90][91].

Market Overview - In May, lead prices initially rose but later faced downward pressure due to increased lead ingot inventories during the "May Day" holiday, followed by a rebound due to improved US-China trade policies [1] - The lead market is currently experiencing a weak oscillation trend as the domestic lead-acid battery market enters a consumption off-season, despite some macroeconomic positive sentiments being released [1] Supply Dynamics - Environmental inspections have delayed the resumption of some recycled lead smelting plants, leading to a strengthening of lead prices in early June [1] - In the first quarter, overseas lead concentrate production decreased by over 20,000 metal tons due to adverse weather and declining ore grades, but supply is expected to recover as weather improves and new mines come online [2] Domestic Mining and Smelting - Domestic mining profits remain reasonable, with northern mines resuming seasonal production, resulting in the highest operating rates in nearly three years [3] - The focus of smelting plants has shifted towards by-product profits, which may limit the increase in primary lead production despite stable lead concentrate supply [3] Recycled Lead Production - In the second quarter, demand for waste batteries is typically low, leading to a significant reduction in the supply of waste batteries and a corresponding decrease in recycled lead production [4] - Some recycled lead smelting plants are planning to resume production in early June, but the overall increase in recycled lead output is expected to be limited due to tight raw material supplies [4] Downstream Demand - The second quarter marks the beginning of the replacement off-season for lead-acid batteries, with inventory levels reaching the highest since 2017, up 27.63% compared to the five-year average [5] - Despite high growth rates in terminal sales data, domestic lead-acid battery market demand is unlikely to show significant improvement due to shorter stocking cycles and increased penetration of lithium batteries [5][6] Price Outlook - Overall, while recycled lead supply is slightly recovering and primary lead production remains stable, weak downstream demand is expected to limit upward price movements, leading to a potential shift towards a weak oscillation trend in lead prices [6]

Report Summary 1. Industry Investment Rating - No information provided regarding the industry investment rating. 2. Core Views - **Overall**: The black industry is expected to have a mixed performance with different products showing varying trends. The market is influenced by factors such as supply - demand dynamics, policy, and macro - economic news [1][3]. - **Specific products**: - **螺纹钢**: Futures prices are expected to move weakly in a range due to potential seasonal demand slowdown and relatively balanced supply - demand. It is recommended to wait and see or conduct short - term trades [1]. - **铁矿石**: The iron ore market is likely to oscillate within the 690 - 730 range. It is advisable to take a wait - and - see approach as it is more affected by macro news and port inventory is expected to continue decreasing [1]. - **双焦**: Both coking coal and coke markets are expected to continue oscillating in the short term. For coking coal, focus on coal mine inventory reduction, coking enterprise profit repair, and steel terminal demand. For coke, pay attention to steel prices, steel mill blast furnace maintenance, and coking enterprise production cuts [3]. 3. Summary by Related Catalogs **螺纹钢** - **Price and basis**: On Tuesday, the futures price of rebar oscillated weakly. The price of Hangzhou Zhongtian rebar was 3120 yuan/ton, unchanged from the previous day. The basis of the 10 - contract was 146 (+7) [1]. - **Fundamentals**: Last week, the apparent demand for rebar decreased, possibly affected by the Dragon Boat Festival. The supply - demand is relatively balanced currently, with production declining for two consecutive weeks and inventory de - stocking slowing down. There may be a slight inventory build - up later [1]. - **Outlook**: The current futures price is near the long - process cost, with a low static valuation. Given the low probability of large - scale fiscal stimulus policies and the loosening of real - world supply - demand, the price is expected to oscillate weakly [1]. **铁矿石** - **Price and basis**: On Tuesday, the iron ore futures oscillated. The price of PB fines at Qingdao Port was 719 yuan/wet ton (- 5). The Platts 62% index was 94.95 dollars/ton (- 0.25), with a monthly average of 95.70 dollars/ton. The PBF basis was 60 yuan/ton (- 1) [1]. - **Supply and demand**: The total iron ore shipments from Australia and Brazil were 2,839.4 tons, a week - on - week increase of 8.8. The total inventory of 45 ports and 247 steel mills was 22,516.87 tons, a week - on - week decrease of 104.04. The daily hot - metal output of 247 steel enterprises was 241.8 tons, a week - on - week decrease of 0.11 [1]. - **Outlook**: The iron ore market is mainly affected by macro news. With the high - yield shipments of overseas mainstream mines at the end of the fiscal year, the port inventory is expected to continue decreasing. The market is expected to oscillate within the 690 - 730 range [1]. **双焦** - **Coking coal** - **Supply**: Some coal mines have experienced phased production cuts, but the overall supply is still loose. Coal mine inventories are high, and the intermediate - link procurement is cautious [3]. - **Demand**: After the third round of price cuts for coke, coking enterprises' profit margins have been further compressed, and they maintain a low - inventory procurement strategy. Steel mills' procurement is mainly based on rigid demand [3]. - **Outlook**: The supply - demand pattern of coking coal remains loose, and the market is expected to oscillate in the short term [3]. - **Coke** - **Supply**: The production rhythm of coking enterprises is differentiated, with some experiencing passive production cuts due to profit pressure and environmental inspections, and the overall start - up level has declined [3]. - **Demand**: The steel market is entering the traditional off - season, and the terminal demand is limited. Steel mills' demand for coke has limited growth, and their procurement is cautious [3]. - **Outlook**: The supply - demand pattern of coke remains loose. Although the supply has marginally shrunk, the demand support is weak, and the market is expected to oscillate in the short term [3]. **产经要闻** - **Industrial projects**: On June 7, Jin'an Mining's 9 - series permanent magnet ferrite ultra - pure iron powder pre - fired material project was put into production. Shanxi Jianlong and Shanxi Meijin resumed production, while Luzhou Xinyang Vanadium Titanium Steel plans to reduce production due to high - temperature weather [6]. - **Real estate**: From June 2nd to June 8th, the transaction area of new commercial housing in 10 key cities decreased by 26.9% week - on - week and 17.5% year - on - year. The transaction area of second - hand housing decreased by 11.8% week - on - week and 9.5% year - on - year [6]. - **Construction machinery**: In May 2025, the domestic sales of various excavators were 18,202 units, a year - on - year increase of 2.12%. From January to May, a total of 101,700 excavators were sold, a year - on - year increase of 17.4% [6]. - **Government bonds**: As of June 10, 2025, the new issuance scale of domestic land reserve special bonds has reached 108.348 billion yuan, involving 442 projects and 24 special bonds [6].