Report Industry Investment Rating - Not provided Core Viewpoints - Due to the weakening US job market, the expectation of the Fed's interest rate cut has increased, but the expected resumption of tin mines in Myanmar's Wa State and Congo-Kinshasa, along with the continuous increase in the operating rate of domestic refined tin production capacity, may limit the upside space of Shanghai tin prices. It is recommended that investors wait and see, focusing on the support levels around 248,000 - 258,000 and the resistance levels around 274,000 - 283,000 for Shanghai tin, and the support levels around 30,000 - 32,000 and the resistance levels around 34,000 - 36,000 for London tin [2] Summary by Related Contents Market Data - On August 13, 2025, the closing price of Shanghai tin was 267,940, a decrease of 380 compared to the previous day; the trading volume was 44,115 lots, a decrease of 37,387 lots; the open interest was 24,776 lots, a decrease of 1,155 lots; the inventory was 7,332 tons, an increase of 33 tons [2] - The closing price of LME 3 - month tin futures (electronic trading) on August 13, 2025, was 33,700, a decrease of 70 compared to the previous day [2] - The total inventory of refined tin at home and abroad decreased compared to last week [1][2] Industry News - According to the data released by the Indonesian Ministry of Trade for June, the total export volume of tin ingots decreased by 18.2% to 4,465 tons, with a year - on - year increase of 0.1%. Exports to Singapore increased by 15.1% month - on - month to 1,063.95 tons, while exports to China decreased by 35.7% month - on - month to 953.85 tons [2] - Stellar Resources extended the exclusive period for the use of infrastructure in the Comstock mining area adjacent to the Heemskirk tin mine project by 6 months. The company is evaluating three development plans and focusing on tailings storage solutions [2] Supply and Demand Analysis - Supply side: Tin mines in Myanmar's Wa State and Congo - Kinshasa are expected to resume production; domestic refined tin production capacity operating rate has increased; the inventory of refined tin in the Shanghai Futures Exchange has increased, while the social inventory in China and the inventory in the London Metal Exchange have decreased [2] - Demand side: The daily processing fee of photovoltaic solder strips has decreased, which may lead to a decrease in the operating rate of China's tin solder production capacity in August and an increase in inventory; the production volume of China's tin - plated sheets in August may increase [2] Trading Strategy - It is recommended that investors wait and see, focusing on the support and resistance levels of Shanghai tin and London tin [2]

南华期货锡风险管理日报 2025年8月4日 南华有色金属研究团队 肖宇非 投资咨询证号：Z0018441 投资咨询业务资格：证监许可【2011】1290号 锡价格波动率（日度） | 最新收盘价 | 价格区间预测（月度） | 当前波动率 | 当前波动率历史百分位 | | --- | --- | --- | --- | | 264950 | 245000-263000 | 14.36% | 26.1% | source： 同花顺,南华研究 锡风险管理建议（日度） | 行为导向 | 情景分析 | 现货敞口 | 策略推荐 | 套保工具 | 买卖方向 | 套保比例 | 建议入场区间 | | --- | --- | --- | --- | --- | --- | --- | --- | | 库存管理 | 产成品库存偏高，担心价格下跌 | 多 | 做空沪锡主力期货合约 | 沪锡主力期货合约 | 卖出 | 75% | 275000附近 | | | | | 卖出看涨期权 | SN2509C275000 | 卖出 | 25% | 波动率合适时 | | 原料管理 | 原料库存较低，担心价格上涨 | 空 | 做多沪锡主力期货合约 | ...

1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report - This week, tin prices fluctuated and declined. In terms of supply, the mining licenses in the Wa region of Myanmar have been approved, and preparations are underway, with significant recovery in tin ore supply expected in Q4. However, in the short term, raw material shortages in Yunnan are still severe, and some smelters are preparing for maintenance. In Jiangxi, some recycled tin enterprises have resumed production, but the subsequent output is difficult to increase due to the limited supply of scrap tin. In terms of demand, domestic consumption during the off - season remains poor, and downstream factories are cautious about restocking tin raw materials. Overseas, the demand for tin driven by AI computing power remains strong. In terms of inventory, the social inventory of tin ingots increased slightly this week. Overall, the short - term supply and demand are both weak, and due to the continuous resumption of production in Myanmar, it is expected that tin prices will fluctuate weakly in the short term. The short - term operating range of domestic tin prices is expected to be between 250,000 - 270,000 yuan/ton, and the operating range of LME tin prices is expected to be between 31,000 - 33,000 US dollars/ton [11][12]. 3. Summary According to the Directory 3.1 Week - on - Week Assessment and Strategy Recommendation - **Supply Side**: The mining licenses in the Wa region of Myanmar have been approved, and preparations are underway, with significant recovery in tin ore supply expected in Q4. In Yunnan, raw material shortages are severe, and smelter raw material inventories are generally less than 30 days, with some enterprises preparing for maintenance. In Jiangxi, some recycled tin enterprises have ended maintenance and gradually resumed production, but the supply of scrap tin is limited, and subsequent output growth is difficult [11]. - **Import and Export**: The resumption of tin ore production in Myanmar is slow, and the supply from other regions is limited. China's tin ore imports remain at a low level. In June 2025, China's tin concentrate imports were 11,910 tons, a month - on - month decrease of 11.44% and a year - on - year decrease of 7.08%. From January to June, the total import volume of tin concentrates was 62,130 tons, a year - on - year decrease of 32.41% [11]. - **Demand Side**: Consumption during the off - season is poor, and downstream factory orders are generally low. After the end of the photovoltaic rush to install, orders for photovoltaic tin bars in East China have declined, and the operating rate of some producers has decreased. The production schedules of home appliance enterprises in July also decreased significantly. In July 2025, the total production schedule of air conditioners, refrigerators, and washing machines was 29.6 million units, a 2.6% decrease compared to the actual production in the same period last year. Orders for consumer electronics and automotive electronics have weak growth, and market sentiment is cautious. The demand for tin in tin - plated sheets and the chemical industry is relatively stable [11]. - **Summary**: Tin supply is at a low level, and demand is also weak. In the short term, supply and demand are both weak, and due to the continuous resumption of production in Myanmar, it is expected that tin prices will fluctuate weakly in the short term. The short - term operating range of domestic tin prices is expected to be between 250,000 - 270,000 yuan/ton, and the operating range of LME tin prices is expected to be between 31,000 - 33,000 US dollars/ton [11][12]. 3.2 Futures and Spot Market - The report provides charts of the basis of Shanghai tin main contract and the LME tin premium (0 - 3), but no specific analysis content is given [18][20]. 3.3 Profit and Inventory - **Profit**: The report provides charts of tin import and export profits, but no specific analysis content is given [24][25]. - **Inventory**: The social inventory of tin ingots in China and the LME inventory charts are provided. As of August 1, 2025, the social inventory of tin ingots in major Chinese markets was 10,661 tons, an increase of 272 tons compared to last Friday [11][27]. 3.4 Cost Side - Tin ore supply is generally tight, and processing fees remain at a low level [33]. 3.5 Supply Side - **Domestic Production**: In May, affected by raw material shortages and low processing fees, the refined tin production was 14,670 tons, a month - on - month decrease of 0.3% and a year - on - year decrease of 8.3% [38]. - **Import and Export**: In May, the import of tin ore and concentrates was 13,448.797 physical tons, a year - on - year increase of 59.83% and a month - on - month increase of 36.38%. From January to May, the cumulative import was 50,200 physical tons, a cumulative year - on - year decrease of 36.51%. The export of unforged non - alloy tin was 1,770 tons, a year - on - year increase of 18.01% and a month - on - month increase of 8.12%. From January to May, the cumulative export was 9,584 tons, a cumulative year - on - year increase of 38.48%. The import of unforged non - alloy tin was 2,076 tons, a year - on - year increase of 226.14% and a month - on - month increase of 84.07%. From January to May, the cumulative import was 9,508 tons, a cumulative year - on - year increase of 30.91% [38][41]. 3.6 Demand Side - **2024 Consumption Structure**: In 2024, consumption showed a steady growth trend, with the increase mainly coming from the recovery of semiconductor consumption and the increase in photovoltaic module production. In China, solder consumption is still dominant, and the increase mainly comes from the production of photovoltaic modules and the recovery of semiconductor consumption. Overseas, the recovery of semiconductor consumption also drove the growth of tin consumption, but overall growth was slower than in China [51]. - **Semiconductor**: The year - on - year growth rate of China's semiconductor sales has slightly rebounded, and global semiconductor sales have maintained high growth [56]. - **Photovoltaic**: In the first four months of 2025, there was a phased rush to install photovoltaic in China, with significant production growth. In June, the component production schedule decreased significantly month - on - month [62]. - **Home Appliances**: According to the latest production schedule report of three major white goods, in July 2025, the total production schedule of air conditioners, refrigerators, and washing machines was 29.6 million units, a 2.6% decrease compared to the actual production in the same period last year [70].

Report Industry Investment Rating - No relevant content provided Core View of the Report - In the macro - aspect, the US core CPI in June increased 2.9% year - on - year and 0.2% month - on - month, lower than expected for 5 consecutive months. The US Treasury Secretary said there's no need to worry about the suspension of additional tariffs deadline between the US and China, and the negotiation is in a "good state". In the fundamental aspect, the resumption progress of tin mines in Myanmar's Wa State is highly uncertain, and Thailand prohibits the transit of Burmese tin mines, restricting tin ore import supply. The Bisie mine in Congo plans to resume production in stages, and currently tin ore processing fees remain at a historical low. On the smelting side, Yunnan is facing raw material shortages and cost pressures, and Jiangxi's scrap recycling system is under pressure with a low operating rate. On the demand side, after the rush to install in the photovoltaic industry, the operating rate of some producers has declined, and the electronics industry is in the off - season with a strong wait - and - see attitude. Recently, tin prices have adjusted widely, with downstream buyers purchasing on dips, domestic inventory slightly decreasing, while LME de - stocking has slowed down and the premium has declined. Technically, with low positions and differences between long and short positions, the triangular oscillation is converging. It is recommended to wait and see, with a reference range of 262,000 - 276,000 yuan/ton [3] Summary by Relevant Catalogs Futures Market - The closing price of the main futures contract of Shanghai Tin is 263,960 yuan/ton, up 720 yuan; the price of LME 3 - month tin is 33,260 US dollars/ton, down 300 US dollars. The closing price difference between the August - September contracts of Shanghai Tin is - 170 yuan/ton, down 40 yuan. The main contract's open interest of Shanghai Tin is 22,748 lots, down 1,702 lots. The net position of the top 20 futures is 610 lots, up 261 lots. LME tin's total inventory is 1,980 tons, down 115 tons. The inventory of Shanghai Futures Exchange is 7,097 tons, down 101 tons, and the warehouse receipts of Shanghai Futures Exchange are 6,777 tons, down 70 tons. LME tin's cancelled warehouse receipts are 420 tons, down 150 tons [3] 现货市场 - The SMM1 tin spot price is 263,600 yuan/ton, down 1,000 yuan; the Yangtze River Non - ferrous Market 1 tin spot price is 263,570 yuan/ton, down 970 yuan. The basis of the main contract of Shanghai Tin is - 360 yuan/ton, down 1,720 yuan. The LME tin premium (0 - 3) is - 115 US dollars/ton, down 6 US dollars. The import volume of tin ore and concentrates is 12,100 tons, down 2,900 tons [3] Upstream Situation - The average price of 40% tin concentrate is 254,700 yuan/ton, down 600 yuan; the average price of 60% tin concentrate is 258,700 yuan/ton, down 600 yuan. The processing fee of 40% tin concentrate by Antaike is 10,500 yuan/ton, unchanged; the processing fee of 60% tin concentrate by Antaike is 6,500 yuan/ton, unchanged [3] Industry Situation - The monthly output of refined tin is 14,000 tons, down 1,600 tons; the monthly import volume of refined tin is 3,762.32 tons, up 143.24 tons [3] Downstream Situation - The price of 60A solder bars in Gejiu is 171,130 yuan/ton, down 1,040 yuan. The cumulative output of tin - plated sheets (strips) is 1.6014 million tons, up 144,500 tons. The export volume of tin - plated sheets is 140,700 tons, down 33,900 tons [3] Industry News - The US CPI in June increased 2.7% year - on - year, the highest since February, slightly exceeding the expected 2.6%, with a previous value of 2.4%; the month - on - month increase was 0.3%, in line with expectations, and the increase was mainly due to rising energy prices. The EU Trade Commissioner said that although the two - sides' negotiation is quite close on the principle text, there are still huge differences in some key areas. The Central Urban Work Conference was held in Beijing, indicating that China's urbanization is shifting from a rapid growth stage to a stable development stage, and urban development is shifting from a large - scale incremental expansion stage to a stage mainly focused on improving the quality and efficiency of the stock [3]

Report Industry Investment Rating - Not provided in the given content Core Viewpoints - The resumption of tin mines in Wa State, Myanmar, and the Democratic Republic of the Congo, along with the increasing operating rate of domestic refined tin production capacity, but the decrease in refined tin inventories both at home and abroad compared to last week, may lead to an adjustment in Shanghai tin prices. It is recommended that investors hold their previous short positions cautiously and pay attention to the support and resistance levels [3]. - The positive basis and negative monthly spread of Shanghai tin, as well as the negative (0 - 3) and positive (3 - 15) contract spreads of LME tin, are within reasonable ranges. Due to various factors, it is suggested to temporarily wait and see for arbitrage opportunities [6][11]. Summary by Related Catalogs Supply Side - On July 11, Wa State, Myanmar, decided that the first batch of 40 - 50 mines would resume production after paying fees (with an initial incremental output of no more than 10,000 metal tons and a transmission period of 2 - 3 months, totaling 108 mines). Alphamin Resources announced the phased resumption of the Bisie tin mine in North Kivu Province, Democratic Republic of the Congo, on April 9 (with production volumes of 17,300 and 20,000 tons in 2024 and 2025 respectively). These factors may cause the domestic tin ore production (import) volume in July to decrease (increase) month - on - month. Coupled with the decline in domestic tin concentrate processing fees, it may indicate a tight supply expectation of domestic tin ore [3][22]. - China's recycled tin production in July may increase month - on - month [23][25]. - The operating rates of refined tin production capacity in Jiangxi and China (Yunnan) increased (remained flat) compared to last week; China's refined tin production (inventory) volume in July increased (decreased) month - on - month [3][29]. - Indonesia's Ministry of Finance's mining license approval is affected by a corruption investigation and may reduce long - term export quotas, causing the export volume in July to decrease month - on - month. China's refined tin import (export) volume in July may increase (decrease) month - on - month [3][33]. Demand Side - The operating rate (inventory) of China's tin solder production capacity in July may increase (increase) month - on - month [3][36]. - China's solder strip import (export) volume in July may increase (increase) month - on - month [3][38][40]. - China's tinplate production (import, export) volume in July may increase (decrease, decrease) month - on - month [3][44]. Inventory - The social inventory of China's refined tin decreased compared to last week. The inventories of refined tin in the Shanghai Futures Exchange, Chinese tin ingot social inventory, and LME refined tin also decreased compared to last week [12][14]. Price and Spread - The basis of Shanghai tin is positive and within a reasonable range, and the monthly spread is negative and within a reasonable range. The (0 - 3) contract spread of LME tin is negative and within a reasonable range, while the (3 - 15) contract spread is positive and within a reasonable range. The Shanghai - London tin price ratio is lower than the 50% quantile of the past five years [6][11]. Investment Strategy - It is recommended that investors hold their previous short positions cautiously and pay attention to the support level around 248,000 - 260,000 and the resistance level around 274,000 - 280,000 for Shanghai tin, and the support level around 30,000 - 32,000 and the resistance level around 34,000 - 36,000 for London tin [3]. - It is suggested to temporarily wait and see for arbitrage opportunities regarding the basis and monthly spread of Shanghai tin, as well as the (0 - 3) and (3 - 15) contract spreads of LME tin [6][11].

，观望情绪较重。近日锡价宽幅调整，下游逢低采买为主，现货升水上调至600元/吨，国内库存小幅下降 研究员: 王福辉 期货从业资格号F03123381 期货投资咨询从业证书号Z0019878 。而海外延续去库，LME注销仓单增加。技术面，持仓低位多空分歧，区间宽幅调整，关注270000关口阻 力。操作上，建议暂时观望，参考26.2-27.0。 免责声明 | 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) | 266740 | 3850 LME3个月锡(日,美元/吨) | 33250 | -70 | | | 8月-9月合约收盘价:沪锡(日,元/吨) | -20 | 10 主力合约持仓量:沪锡(日,手) | 26471 | -162 | | | 期货前20名净持仓:沪锡(日,手) | 1701 | 611 LME锡:总库存(日,吨) | 2060 | 75 | | | 上期所库存:锡(周,吨) | 7198 | 243 LME锡:注销仓单(日,吨) | ...

| | | 下游企业对当前价格持观望态度，国内库存小幅回升。不过海外延续去库，LME注销仓单增加，升贴水上 研究员: 王福辉 期货从业资格号F03123381 期货投资咨询从业证书号Z0019878 升，LME锡强势带动国内价格。技术面，持仓持稳多空谨慎，关注27万关口调整。操作上，建议暂时观望 免责声明 沪锡产业日报 2025-07-02 ，参考26.6-27.2。 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为 瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 | 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) | 268520 | -13 ...

Core Viewpoint - The tin market is experiencing a significant price adjustment due to a combination of weak demand and supply disruptions, with the price of tin futures closing at 260,560 yuan/ton, down 1.2% [1] Group 1: Supply Dynamics - Supply concerns have shifted focus to the resumption of tin mining in Myanmar's Wa region, with current production only reaching 50% of planned capacity [1] - Domestic tin supply remains tight, with smelters in Yunnan and Jiangxi operating at low capacity due to a shortage of tin concentrate [1] - The processing fee for 40% grade tin concentrate in Yunnan has dropped to historical lows, leading some companies to reduce production or undergo maintenance [1] Group 2: Demand Trends - Downstream demand is weak, with limited acceptance of high prices, resulting in transactions primarily driven by immediate needs [1] - The automotive electronics sector benefits from increased penetration of new energy vehicles, but overall procurement remains cautious, characterized by "small batches and multiple batches" [1] - Seasonal characteristics are evident, with a decline in orders for photovoltaic components and consumer electronics, further suppressing tin price potential [1][2] Group 3: Market Outlook - The short-term outlook indicates a continuation of weak supply and demand, with a decline in orders from the end market during the off-season [2] - Domestic smelters are facing raw material shortages, leading to a decrease in operating rates and low processing fees for tin concentrate [2] - Current inventory levels are low, providing some support for prices, and a strategy of buying on dips is recommended [2]

Report Summary 1. Investment Rating No investment rating for the industry is provided in the report. 2. Core View The report indicates that this week, the main contract of Shanghai tin fluctuated and declined, with a weekly decline of 1.19% and an amplitude of 2.72%. In the future, the Fed will maintain the benchmark interest rate unchanged, and the resumption of production of tin mines in Myanmar and Congo is expected to increase supply. However, the shortage of raw materials and cost pressures in the smelting end, and the seasonal off - season in the consumer electronics demand end coexist. Although some downstream enterprises are replenishing stocks, overall, it is expected that the tin price will fluctuate and adjust. Technically, the position is low, and both long and short sides are cautious, facing the resistance of MA60, with support at 257,000. It is recommended to wait and see, with a reference range of 257,000 - 264,000 [5]. 3. Section Summaries 3.1 Week - to - Week Highlights - **Market Review**: This week, the main contract of Shanghai tin fluctuated and declined, with a weekly decline of 1.19% and an amplitude of 2.72%. The closing price of the main contract was 260,560 yuan/ton [5]. - **Market Outlook**: Macroscopically, the Fed maintained the benchmark interest rate at 4.25% - 4.50%. Fundamentally, the resumption of tin mines in Myanmar and Congo is expected to increase supply, but the actual resumption progress may be less than expected. The smelting end is facing shortages of raw materials and cost pressures. The consumer electronics demand is in the off - season, but some downstream enterprises are replenishing stocks. Technically, the position is low, facing the resistance of MA60, with support at 257,000 [5]. - **Strategy Recommendation**: It is recommended to wait and see, with a reference range of 257,000 - 264,000 [5]. 3.2 Futures and Spot Market - **Price and Basis**: As of June 20, 2025, the closing price of Shanghai tin was 260,560 yuan/ton, a decrease of 2,740 yuan/ton from June 13, a decline of 1.04%. As of June 19, 2025, the closing price of LME tin was 32,100 US dollars/ton, a decrease of 600 US dollars/ton from June 13, a decline of 1.83%. The spot premium has been adjusted downward [8]. - **Ratio**: As of June 20, 2025, the current ratio of the prices of Shanghai tin and Shanghai nickel was 2.2, an increase of 0.01 from June 13. As of June 19, 2025, the Shanghai - London ratio of tin was 8.2, an increase of 0.09 from June 12 [15]. - **Position**: As of June 20, 2025, the position of Shanghai tin was 47,762 lots, a decrease of 3,729 lots from June 13, a decline of 7.24%. The net position of the top 20 was 3,887 lots, a decrease of 610 lots from June 16 [16][17]. 3.3 Industrial Chain Supply Side - **Tin Ore Import and Refined Tin Production**: In April 2025, the monthly import of tin ore and concentrates was 9,861.25 tons, a month - on - month increase of 18.45% and a year - on - year decrease of 3.93%. From January to April, the import of tin ore and concentrates was 36,773.07 tons, a year - on - year decrease of 47.92%. In April 2025, the refined tin production was - 0.01 million tons, a month - on - month decrease of 0.01%. From January to April, the cumulative refined tin production was 5.98 million tons, a year - on - year increase of 1.7% [22][23]. - **Tin Ore Processing Fee**: On June 13, 2025, the processing fee for 60% tin concentrate was 6,500 yuan/ton, a decrease of 2,000 yuan/ton from June 6, a decline of 23.53%. The processing fee for 40% tin concentrate was 10,500 yuan/ton, a decrease of 2,000 yuan/ton from June 6, a decline of 16% [27]. - **Refined Tin Import and Export**: As of June 20, 2025, the profit and loss of tin import was 1,416.37 yuan/ton, an increase of 1,696.89 yuan/ton from June 13. In May 2025, the import of refined tin was 2,076.34 million tons, a month - on - month increase of 84.07% and a year - on - year increase of 226.14%. From January to April, the cumulative import of refined tin was 8,582.51 million tons, a year - on - year increase of 14.5%. In May 2025, the export of refined tin was 1,769.65 million tons, a month - on - month increase of 8.12% and a year - on - year increase of 18.01%. From January to April, the cumulative export of refined tin was 7,918.17 million tons, a year - on - year increase of 45.22% [31][32]. - **Inventory**: As of June 20, 2025, the total LME tin inventory was 2,175 tons, a decrease of 85 tons from June 13, a decline of 3.76%. The total tin inventory in Shanghai Futures Exchange was 6,965 tons, a decrease of 142 tons from last week, a decline of 2%. The tin futures inventory was 6,502 tons, a decrease of 272 tons from June 13, a decline of 4.02% [39]. Demand Side - **Philadelphia Semiconductor Index**: On June 18, 2025, the Philadelphia Semiconductor Index was 5,251.02, an increase of 18.49 from June 11, an increase of 0.35%. From January to May 2025, the integrated circuit production was 193.46 billion pieces, an increase of 23.18 billion pieces from the same period last year, an increase of 13.61% [42][43]. - **Tin - Plated Sheet Export**: As of April 2025, the tin - plated sheet production was 100,000 tons, a decrease of 10,000 tons from March 2025, a decline of 9.09%. As of May 2025, the tin - plated sheet export volume was 173,578.75 tons, an increase of 27,066.23 tons from April, an increase of 18.47% [49].

1、商务部有关负责人表示，支持非洲33个最不发达国家用足用好100%税目产品零关税政策，共享中国大市场带来的发展机遇。 零关税政策自去年12月1日启动到今年3月，中国自非洲最不发达国家进口额达214.2亿美元，同比增长15.2%。 2、国际锡协会首席代表称，缅甸佤邦已于4月下旬正式获准全面恢复锡矿生产，目前正在逐步复产。 3、 大商所发布2025年端午节期间交易时间安排，5月31日（星期六）至6月2日（星期一）休市，6月3日（星期二）起照常开市 。5月30日（星期五）晚上不进行夜盘交易。6月3日（星期二）所有合约集合竞价时间为上午08:55-09:00。6月3日（星期二） 当晚恢复夜盘交易。 早盘速递 2025/5/22 热点资讯 板块持仓 (100,000) (50,000) 0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 Wind农副产品 Wind谷物 Wind化工 Wind能源 Wind煤焦钢矿 Wind有色 Wind商品指数 Wind软商品 Wind油脂油料 Wind贵金属 Wind非金属建材 近五日商品期货板块持仓变动 ...