新能源及有色金属日报 | 2025-07-09 政策及情绪影响继续发酵，多晶硅盘面触及涨停 工业硅： 供应端：工业硅现货价格持稳。据SMM数据，昨日华东通氧553#硅在8700-8800（0）元/吨；421#硅在8900-9200 （0）元/吨，新疆通氧553价格8000-8200（0）元/吨，99硅价格在8000-8100（0）元/吨。现货价格持稳。 消费端：据SMM统计，有机硅DMC报价10300-10600（0）元/吨。据SMM统计，6月国内有机硅DMC产量环比5月 增加13.75％，同比减少1.60％。后续开工方面，7月虽国内仍有部分单体企业开工负荷有所下降，但整体影响量较 为有限，7月预估有机硅产量环比6月上升1.53％。 策略 基本面短期稍有好转，供应端西北大厂减产，西南开工低于往年，消费端环比有一定提升。但行业总库存水平较 高，反弹后有套保压力，且短期停产企业及西南丰水期均有复产可能，终端消费并未改善，基本面偏弱。工业硅 期货盘面上涨主要受多晶硅大幅拉涨影响，后续需关注工业硅行业是否有政策推动，短期建议观望为主，若无政 策推动，仍以逢高卖出套保为主。 单边：短期观望，上游逢高卖出套保 跨期：无 ...

王衍诗结合自己的学习体会，从中国历史脉络中阐述了中国共产党领导中国人民进行革命、建设和改革 的成就和制度建设成果。他指出，要从党走过的路、国家走过的路和中华民族自救图强的经历，深刻理 解中国特色社会主义制度的来之不易，倍加珍惜今天的大好局面，进一步坚定制度自信。 王衍诗强调，要深刻认识作风建设的重要意义，推动深入贯彻中央八项规定精神学习教育走深走实，全 面提升市人大常委会工作质效。市人大常委会机关党员干部要高标准严格要求自己，客观评价自己，不 断找差距、补弱项，锤炼独当一面工作能力。要练就过硬的本领，从不足和问题入手，勤学习、多实 践、善积累，不断提高综合素质和工作能力。要培养良好作风，始终秉持高度负责的工作态度和全力以 赴的工作热情，任劳任怨、精益求精，争当先进。要具有合作精神，善于团结不同认识、不同性格的同 志一道工作。要以正确的心态看待别人、看待自己，正确开展批评与自我批评，相互学习，共同进步。 要始终坚持廉洁自律，严格遵守党的各项纪律，严格遵守中央八项规定及其实施细则精神，注意个人言 行，维护好人大机关良好形象。 练就过硬本领 培养良好作风 根据中央及省委、市委关于深入贯彻中央八项规定精神学习教育的安 ...

每经编辑｜彭水萍 今日A股三大指数集体上涨，沪指涨0.7%，深成指涨1.47%，创业板指涨2.39%，北证50指数涨1.36%，全市场成交额达1.47万亿元。光伏50ETF（159864） 今日涨幅达5.9%。 上涨驱动因素分析 "反内卷"行情再起 迄今为止，光伏行业共经历了两次"反内卷"行情： 第一次是在去年四季度，"反内卷"趋势下行业逐渐形成自律：2024年10月，中国光伏行业协会举行防止行业"内卷式"恶性竞争专题座谈会，发布公允组件成 本，供全行业和政府监管部门参考，旨在破除行业"内卷式"竞争，促进行业健康发展；2024年11月，工信部公告了《光伏制造行业规范条件（2024年 本）》；2024年12月，数家光伏企业在中国光伏行业协会的组织下，签订了自律公约。 第二次就是在当下，"反内卷"预期再起：2025年6月29日，人民日报发表文章《在破除"内卷式"竞争中实现高质量发展》，点名光伏行业"内卷式"竞争； 2025年7月1日，中央财经委员会第六次会议明确要求，依法治理企业低价无序竞争，推动落后产能有序退出，成为国家层面给出的"反内卷"政策新信号； 2025年7月3日，工业和信息化部主持召开的第十五次制造业 ...

Group 1 - The construction materials ETF (159745) has increased by over 1.0% [1] - Hunan Yunfeng Cement completed the transfer of 2500t/d cement clinker capacity on July 4, 2025 [1] - Gezhouba Cement's Xili Company won an industry award in Kazakhstan's Kyzylorda region for 2025 [1] Group 2 - The cement industry is currently facing challenges such as weak demand, overcapacity, and inventory pressure [1] - The China Cement Association has issued opinions to promote "anti-involution" and "stable growth" for high-quality development in the cement industry [1] - It is expected that cement prices will receive support and recovery, leading to improved profitability for companies [1] Group 3 - Leading companies are expected to shift from price competition to value creation through technological innovation [1] - Mergers and acquisitions will be utilized to extend the industrial chain and increase overseas expansion for further growth [1] - Enhanced industry self-discipline measures are anticipated to optimize the supply-demand structure and promote high-quality development in the industry [1] Group 4 - The construction materials ETF tracks the construction materials index, which reflects the overall performance of representative listed companies in the cement, glass, and ceramics sub-industries [1] - The index has a high degree of industry concentration and cyclical characteristics, providing a comprehensive view of market trends in the construction materials sector [1]

Core Viewpoint - The article discusses BYD's strict price control measures implemented across its various brands, aiming to stabilize pricing and improve dealer compliance, amidst a backdrop of fluctuating customer demand and market conditions [1][3][6]. Group 1: Price Control Measures - Starting from July, BYD has enforced stringent price control across its brands, including Dynasty, Ocean, and Equation Leopard, with significant penalties for non-compliance [1][3]. - The price control measures are described as the strictest in history, with penalties of up to 1 million for new models and 300,000 for regular models if dealers fail to adhere to the pricing guidelines [3][9]. - Discounts on certain models have been reduced, with price increases of around 2,000 for some vehicles, while others have seen no discounts at all [6][9]. Group 2: Dealer Compliance and Market Impact - Dealers are required to strictly follow the manufacturer's pricing policies, with dark visits being conducted to ensure compliance, leading to penalties for those found violating the rules [3][6]. - The article notes a significant drop in customer traffic, with only three new customers reported on a Saturday afternoon, indicating a potential short-term impact on sales due to the new pricing strategy [3]. - The article suggests that while there may be short-term pain for dealers due to inventory issues and customer hesitance, the long-term benefits could lead to a healthier market and improved dealer confidence [6][10]. Group 3: Market Dynamics and Future Outlook - The article highlights that the price control measures are a response to previous price wars and aim to stabilize market sentiment, as continuous price drops may not encourage consumer purchases [10]. - The impact of these measures is expected to be felt across the industry, with dealers expressing concerns over sales and income during the transition period [9][10]. - Overall, the article conveys a sense of cautious optimism that these measures will ultimately benefit the automotive industry by promoting fair competition and protecting dealer interests [10].

Core Viewpoint - The Chinese steel industry has experienced a slight decline in crude steel production in the first five months of the year, but profitability has improved significantly due to better supply-demand dynamics and lower raw material costs [1][2]. Group 1: Production and Profitability - From January to May, the national crude steel output was 432 million tons, a year-on-year decrease of 1.7% [1]. - The black metal smelting and rolling industry achieved a total profit of 31.69 billion yuan, surpassing the full-year profit of 29.19 billion yuan in 2024 [1]. - The steel industry's operational stability and improved economic benefits are attributed to enhanced supply-demand conditions [1]. Group 2: Supply-Side Dynamics - Since 2025, the steel industry has increased self-discipline in production control, leading to a decrease in crude steel output and alleviating supply-demand conflicts [1]. - The reduction in inventory pressure has provided support for steel prices and improved the overall operating environment of the industry [1]. - The self-discipline in production has ensured that inventory levels remain low, which has helped maintain a balance in market supply and stabilize steel prices [2]. Group 3: Demand-Side Factors - The "two new" policies have positively impacted steel consumption, with automobile production and sales increasing by over 10% year-on-year, and retail sales of home appliances and audio-visual equipment rising by 30.2% [1]. - Steel exports have also shown significant growth, with cumulative exports reaching 48.469 million tons, a year-on-year increase of 8.5%, providing further support for steel demand [1]. Group 4: Cost Factors - Prices of key raw materials such as iron ore, coking coal, and coke have significantly decreased compared to last year's highs, effectively lowering production costs for steel mills [2]. - The decline in raw material prices has created more room for profitability in steel production [2]. - The industry is advised to continue self-discipline in production and inventory management to avoid excessive competition [2].

仁怀市酒业协会7月5日发布《仁怀产区酱香白酒行业自律倡议书》。倡议书指出，当前， 白酒行业 正处于深度调整期 ，品质与诚信是立足市场的根本。大家要以实际行动捍卫"中国酱香白酒核心产 区（仁怀）"的荣誉，为消费者提供放心产品，为地方经济高质量发展贡献力量。 ...

Group 1 - The Shanghai Stock Exchange has formulated and released the "Guidelines for Self-Regulatory Supervision Rules of the Shanghai Stock Exchange No. 4 - Risk Management of Exchange-Traded Open-End Funds" [1] - The new guidelines will take effect on August 1, 2025 [1]

新能源及有色金属日报 | 2025-07-03 政策及情绪扰动较大，多晶硅盘面触及涨停 工业硅： 市场分析 2025-07-02，工业硅期货价格大幅上涨，主力合约2509开于7805元/吨，最后收于8210元/吨，较前一日结算变化（375） 元/吨，变化（4.79）%。截止收盘，2509主力合约持仓386361手，2025-07-02仓单总数为51916手，较前一日变化 -221手。 供应端：工业硅现货价格小幅上涨。据SMM数据，昨日华东通氧553#硅在8600-8700（150）元/吨；421#硅在8800-9100 （150）元/吨，新疆通氧553价格8000-8100（50）元/吨，99硅价格在8000-8100（50）元/吨。昆明、黄埔港、天津、 西北、新疆、四川、上海地区部分硅价也上涨。97硅价格暂稳元/吨。 消费端：据SMM统计，有机硅DMC报价10300-10600（0）元/吨。据SMM报道，当前国内单体企业开工仍在继续 小幅提高，截至当前，国内开工达到70％左右，预计7月国内DMC排产仍将小幅提高1万吨左右，对工业硅消耗量 增多。 策略 当天工业硅期货盘面大幅上涨，短期由于大厂减产，下游排产小 ...

规范运营，提高服务质量。发布招聘信息真实、合法、有效，公平进行招聘，不发布含有民族、种族、 性别、宗教信仰等歧视性条件及其他与岗位适配性无关的限制性条件的招聘信息；不扰乱人力资源市场 价格秩序，不采取垄断、不正当竞争手段开展服务活动，坚决杜绝强制收费、捆绑收费、隐性收费等侵 害求职者权益的行为，坚持合理定价、优质服务。 加强自律，构建共治格局。恪守主体责任，自查自纠，建立健全内部审核及风险防控制度；加强对合作 单位审查，对侵害求职者权益的行为零容忍；积极参与行业自律公约制定，推进人力资源服务业规范化 发展。 服务发展，履行社会责任。始终牢记服务就业、服务人才的行业属性，充分发挥人力资源服务机构促就 业作用，面向重点就业群体提供公益性就业服务，开展诚信招聘宣传等公益活动，为促进高质量充分就 业和人力资源顺畅有序流动贡献力量。 此次多家协会和机构集体发声，标志着行业规范发展共识进一步增强。建立"政府监管+行业自律+企业 自治"的三重机制，有助于营造更加公平透明的人力资源市场环境，为促进高质量充分就业提供有力保 障。 人力资源和社会保障部7月3日消息，当前正值毕业季，各类求职招聘活动火热举办。为进一步加强行业 自律 ...