Core Viewpoint - The number of initial jobless claims in the U.S. decreased last week, but the unemployment rate may rise in June due to more unemployed individuals struggling to find work [1] Group 1: Jobless Claims Data - Initial jobless claims fell by 10,000 to 236,000, which is below expectations [1] - The data includes the week of the Independence Day holiday, during which applications tend to be unstable [1] - Continuing claims for unemployment benefits increased by 37,000 to 1.974 million, the highest level since November 2021 [1] Group 2: Economic Context - Despite the decline in initial claims, layoffs are increasing, making it harder for unemployed individuals to find new opportunities [1] - Economists attribute the challenges to widespread import tariffs imposed by President Trump, which complicate business planning [1] - Some economists predict that the unemployment rate will rise from 4.2% in May to 4.3% in June due to the ongoing increase in continuing claims [1]

铂合金催化网是一种用于化学反应催化的高效材料，其核心成分是铂（ Pt ）及其他贵金属（如钯（ Pd ）、铑（ Rh ）等），通 常会与其他金属形成合金，以提高催化性能和耐用性。利用高表面积和催化活性，铂合金催化网在高温下加速氧化反应（如氨氧 化制硝酸），具有选择性高、耐高温腐蚀、寿命长等特点，广泛应用于化工、化肥等工业领域。 铂合金催化网 ，全球市场总体规模 据 QYResearch 调研团队最新报告"全球铂合金催化网市场报告 2025-2031 "显示，预计 2031 年全球铂合金催化网市场规模将达到 10.1 亿美元，未来几年年复合增长率 CAGR 为 4.2% 。 全球 铂合金催化网 市场前 9 强生产商排名及市场占有率（基于 2 02 4 年调研数据；目前最新数据以本公司最新调研数据为准） 铂合金催化网 ，全球市场规模，按产品类型细分，二元合金网处于主导地位 从类型来看，铂合金催化网可以分为二元合金网、三元合金网及其他类型（如四元合金网、融合二元和三元合金的 ECO-CAT 网）。常压法硝酸工艺一般使用三元网，加压、双加压、高压法一般使用二元针织网。在当今硝酸生产逐渐向高压法过渡的趋势 下，经向针织二 ...

投资者关系活动记录表 证券代码：002254 证券简称：泰和新材 | 投资者：去年的价格一直比较低？ | | --- | | 答：是，去年主原料也一路在跌。 | | 投资者：最近价格有上涨？ | | 答：我们是涨了一些，去年的价格比较低也有调试周期过长 | | 导致的品质问题，现在品质提上来之后，价格有一些调整。 | | 投资者：现在的库存水平合理？ | | 答：也是偏高。 | | 投资者：我们认为偏低的库存是多少？ | | 答：正常二十到三十天是正常的。 | | 投资者：氨纶的需求是增长的？ | | 答：对。 | | 投资者：现在整体来看，氨纶行业开工率是多少？ | | 答：百分之七八十。 | | 投资者：怎么看后面的价格？ | | 答：现在再往下是比较难的，是否往上要看行业内大家的想 | | 法。 | | 投资者：氨纶新旧产能之间成本差异大吗？ | | 答：比较大。 | | 投资者：宁夏比烟台成本低主要原因是什么？ | | 答：主要是能源方面。 | | 投资者：氨纶如何减亏？ | | 答：我们在做的有几个方面：一是稳定品质；二是做差异化， | | 差异化目前做了一些，像防静电的、彩色的、抗菌除臭的、 | ...

Core Viewpoint - Slovakia's Prime Minister Fico announced that Slovakia will veto the EU's proposed sanctions against Russia if the vote is not postponed, emphasizing the need to prioritize discussions on the proposed ban on Russian energy imports [1] Group 1: Slovakia's Position - Slovakia opposes the EU's proposal to stop importing Russian natural gas by the end of 2027, viewing it as a disguised form of sanctions against Russia [1] - The Slovak government is concerned that the termination of Russian gas imports will lead to increased energy prices in the EU and weaken industrial competitiveness [1] Group 2: Voting Dynamics - The proposed sanctions require a qualified majority vote, which could potentially override Slovakia and Hungary's opposition [1] - Slovakia's stance reflects a broader concern among certain EU member states regarding the economic implications of energy sanctions [1]

中国香港5月进口年率 18.9%，预期13%，前值15.80%。 ...

Core Viewpoint - The transformation of Shuanghui's chemical packaging industry, particularly in the production of PVDC (polyvinylidene chloride) casings, marks a significant advancement in China's food packaging sector, overcoming previous reliance on imported materials and establishing a leading position in the industry [1][2][3] Group 1: Industry Development - The PVDC casing film is crucial for the production of ham sausages, directly affecting product quality and safety, with stringent production standards [1] - In the 1990s, high-performance casing film technology was dominated by foreign companies, leading to high costs of up to 120,000 yuan per ton due to reliance on imports [1] - Shuanghui Group established a packaging technology research center and invested in the development of domestic production capabilities, leading to the establishment of nine production bases across China [1][2] Group 2: Technological Advancements - The company has implemented intelligent upgrades to production lines, resulting in over a 50% increase in hourly production capacity of PVDC films and significant improvements in labor efficiency [2] - Shuanghui has developed a comprehensive R&D and testing system, holding 143 valid patents, and has led the development of national standards for casing films [2] - The company has adopted solvent-free adhesive technology and is actively involved in revising national and industry standards, promoting environmentally friendly practices [2] Group 3: Market Expansion - Shuanghui's PVDC casing films and other products are now exported to over 10 countries, including Vietnam and Indonesia, with an annual export volume of 5,000 tons, enhancing international competitiveness [3] - The company's strategy of industrialization, diversification, internationalization, and digitalization has reshaped the food packaging industry, transitioning from "import substitution" to "global leadership" [3]

从业资格号：F3038114 投资咨询号：Z0014834 电话：010-62688541 原材料： 冯艳成 从业资格号：F3059529 投资咨询号：Z0018932 电话：010-62688516 有色金属：于梦雪 从业资格号：F03127144 投资咨询号：Z0020161 电话：021-20857653 晨报 煤焦 煤焦：煤产量小幅下滑 盘面震荡运行 投资咨询业务资格： 负责人：赵 毅 从业资格号：F3059924 投资咨询号：Z0002978 电话：010-62688526 成 材：武秋婷 从业资格号：F3078638 投资咨询号：Z0018248 电话：010-62688555 此外，内蒙古乌海地区环保检查力度不减，叠加当前市场态势依旧偏 弱，周边露天煤矿均自发性停产，据 Mysteel 不完全统计，目前在产露天 煤矿产能 960 万吨，约占乌海及棋盘井露天煤矿总产能 34%。 观点：近期煤矿减产叠加进口缩量，一定程度上缓解供应过剩压力， 上游煤矿累库速度放缓，短期煤焦或延续震荡走势。 后期关注/风险因素：关注钢厂高炉开工变化、进口煤通关情况。 重要声明： 本报告中的信息均来源于公开的资料，我公司 ...

Core Viewpoint - The investigation under the US Section 232 has led to significant market distortions, with the US experiencing a copper shortage due to excessive imports, prompting Goldman Sachs to raise its copper price forecasts for the second half of the year [1][2]. Group 1: Market Dynamics - Since the initiation of the US Section 232 copper import investigation, approximately 400,000 tons of copper have been imported into the US, equivalent to 6-7 months of demand, causing shortages in non-US regions [1][2]. - The available inventory at the London Metal Exchange (LME) has decreased by about 80% this year, now representing less than a day's global usage [1][2]. - The abnormal price differential between COMEX and LME copper prices is attributed to the expectation of impending import tariffs, with COMEX prices being higher [2][3]. Group 2: Price Forecasts - Goldman Sachs has revised its LME copper price forecast for the second half of 2025 from $9,140 per ton to $9,890 per ton, expecting a peak of $10,050 per ton in August [1][4][5]. - The upward revision is based on significant global inventory mismatches and resilient economic activity in China, with a projected GDP growth rate slightly above 5% for Q2 [4]. Group 3: Inventory and Supply Outlook - The US copper inventory has surged to over 100 days of consumption, compared to just 33 days at the beginning of the year, while global inventories outside the US are below 10 days [3]. - Goldman Sachs anticipates a global inventory increase of approximately 280,000 tons in the first half of 2025, with an overall slight surplus of 10,500 tons for the year, primarily driven by a projected surplus of 400,000 tons in the US market [3]. Group 4: Tariff Implications - The timing of tariff implementation is a critical variable, with Goldman Sachs maintaining an 80% probability that a 25% tariff will be imposed on US copper imports by September [7]. - If tariffs are delayed, US imports may continue into Q4, exacerbating supply tightness in non-US markets [7]. - Goldman Sachs recommends a long position on the December COMEX-LME copper arbitrage, noting that the market currently underestimates the likelihood of a 25% or even 50% tariff [7].

内容概要：我国是人口大国，庞大的人口基数决定了对粮食的基础需求量巨大，即便近几年我国人口增 长速度放缓，但人口总量仍在增加，粮食的刚需也随之上升，此外，随着国民生活水平提高，人们的饮 食结构发生变化，对肉蛋奶等畜产品的消费增加，而生产这些畜产品需要消耗大量的饲料粮，如玉米、 大豆等，这使得饲料用粮需求大幅增长，另外，粮食在工业领域的应用广泛，如用于生产酒精、淀粉、 生物燃料等，随着相关工业产业的发展，工业用粮的需求也在逐步上升，据统计，2024年我国粮食需求 量达86177万吨，同年产量仅70650万吨，因此每年均需大量进口。 上市企业：北大荒（600598）、京粮控股（000505）、中粮糖业（600737）、金龙鱼（300999）、隆平 高科（000998）、金健米业（600127） 相关企业：利达粮油科技（天津）有限公司、天津市金芦米业有限公司、天津天隆农业科技有限公司、 天津海大饲料有限公司、天津天食生物科技有限公司、天津津川饲料有限公司、天津名门动物食品有限 公司、天津傲农生物科技有限公司、天津现代天骄农业科技股份有限公司、上海双穗粮油有限公司、江 苏省农垦米业集团有限公司、吉林省松江佰顺米业有限公 ...

智通财经6月25日电，美国一周原油每日进口量增加53.1万桶。 ...