期指：或偏强震荡，关注今日通胀与外贸数据 | | | 毛磊 | | | 投资咨询从业资格号：Z0011222 | | maolei@gtht.com | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 【期指期现数据跟踪】 | | | | | | | | | | 期指数据 | | | | | | | | | | | 收盘价 | 涨跌幅% | 基 差 | 成交额-亿 | 成交量 | 变 动 | 持仓量 | 变 动 | | 沪深300 | 3873.98 | ↓0.09 | | 2020.3 | | | | | | IF2506 | 3855.4 | ↓0.02 | -18.58 | 503.3 | 43521 | ↓5838 | 110984 | ↓5875 | | IF2507 | 3818 | ↑0.02 | -55.98 | 55.3 | 4833 | ↑1524 | 15872 | ↑1795 | | IF2509 | 3783.4 | ↑0.10 | -90.58 | 141.3 | 12461 | ↓1439 | 80768 | ...

Group 1 - The core viewpoint of the articles emphasizes the commitment of the Sanming Power Supply Company to build an environmentally friendly power grid in response to major decisions on environmental protection, economy, and energy [1][4] - Sanming Power Supply has initiated a three-year action plan for the new power system, planning 16 demonstration projects tailored to each county, and has established a task force to support the high-quality development of clean energy [2][3] - The company is advancing the construction of a "zero-carbon" power grid by implementing innovative environmental measures, such as using eco-friendly materials and technologies to minimize construction waste and environmental impact [3][4] Group 2 - Sanming Power Supply has constructed 42 biological fire prevention forest belts, totaling 45 kilometers in length, to enhance the safety of power lines and forest resources, benefiting local farmers and promoting a win-win situation [4] - The company is promoting the integration of distributed photovoltaic power generation with agriculture and transportation, establishing 12 "photovoltaic + transportation" application demonstrations and ensuring full coverage of public charging stations in 128 administrative towns [2][3] - The implementation of noise reduction technologies has led to an average noise reduction of 30 decibels for distribution transformers, contributing to a quieter urban environment [3]

Group 1: Infrastructure Development - The successful excavation of the Tongbaiyuan No.1 Tunnel, the longest tunnel of the Yan-Yu High-speed Railway, has reached 2000 meters, with a total length exceeding 14,000 meters. The railway will reduce travel time from Xi'an to Yulin from 5 hours to 2 hours upon completion [1] - The construction of the Luo-Ruo Railway, approximately 297 kilometers long, has begun track laying, which will enhance the "road-to-rail" transport capacity in Xinjiang by connecting with the Lanzhou-Xinjiang Railway and the Ge'ku Railway [2] - The Hefei-Wuhan section of the Yangtze River High-speed Railway has entered full construction phase, with the first steel truss beam of the Shi River Bridge successfully installed. The railway is expected to be completed by 2028 [3] Group 2: Renewable Energy Projects - The expansion of the Tianjin South 1000 kV UHV substation, a key project under the national "14th Five-Year Plan," has commenced operation, capable of transmitting over 40 billion kWh of electricity annually, enhancing the transmission capacity of clean energy from Inner Mongolia and Hebei to Tianjin [4] - The construction of the largest single-unit solar thermal storage project in China, the CGN Delingha 1 million kW solar thermal storage integrated project, has made progress with all heliostats installed and entering the equipment debugging phase. The project is expected to be operational by the end of this year, delivering 1.8 billion kWh of green electricity annually, equivalent to saving about 550,000 tons of standard coal and reducing carbon dioxide emissions by 1.3 million tons [4]

Group 1 - The core point of the article is the impact of the recent US-China tariff agreement, where the US cancels 91% of tariffs on Chinese goods, while China suspends additional tariffs for 90 days, leading to significant shifts in trade dynamics between the two countries [1][3][12] - Following the agreement, there was a surge in cargo traffic from US ports to China, but traditional US exports like energy and agricultural products faced a decline in demand from China [3][6] - The US soybean exports to China dropped by 32% in Q1 2025, while Brazil's soybean exports reached 60 million tons, indicating a shift in China's sourcing preferences towards South America [6][10] Group 2 - In the energy sector, US propane shipments were not approved for entry into China, redirecting to Southeast Asia, while China signed long-term contracts for liquefied natural gas with Qatar and Canada [8][22] - In manufacturing, China has replaced US scrap steel imports with nickel pig iron from Indonesia, and cobalt exports from the Democratic Republic of Congo to China surged by 47% [10][15] - China's chip self-sufficiency has increased to 35%, indicating a significant reduction in reliance on US semiconductor imports despite ongoing US restrictions [11][12] Group 3 - The article highlights a broader trend of China reducing imports from the US due to various factors, including a shift towards clean energy and a growing domestic market for electric vehicles, which has decreased the demand for US energy imports [15][17] - The trust crisis stemming from US policy fluctuations has led Chinese companies to seek stable and reliable supply sources outside the US [19][20] - The restructuring of supply chains and the establishment of a new global trade order based on the renminbi is underway, as China diversifies its energy and commodity sources [22][24] Group 4 - The article discusses the current state of the US economy, noting a decline in support for the Trump administration and a general perception of poor economic performance among Americans [26][28] - Economic uncertainty in the US has led to increased inflation and rising prices for consumers, with estimates suggesting an annual loss of $1,200 per household due to higher import tariffs [30][31] - The article concludes that the temporary resolution of the US-China trade conflict may provide short-term relief, but without a change in US policy, a trend towards economic recession is likely [37][38]

Core Viewpoint - The 2024 Beijing Ecological Environment Status Bulletin indicates a significant improvement in air quality, with 290 days of good air quality, an increase of 114 days compared to 2013, marking the highest number in history [1] Group 1: Environmental Initiatives - The "Blue Vanguard Team," primarily composed of students, plays a crucial role in pollution prevention and green development [1][2] - The Beijing University of Technology's Key Laboratory for Regional Air Pollution Control serves as a core technological force in air quality management, focusing on innovative solutions for complex pollution issues [1][2] Group 2: Research and Development - The Key Laboratory has undertaken over 50 national and provincial projects, including major national R&D programs and has received the First Prize of Beijing Science and Technology Progress Award in 2020 [1] - The laboratory promotes the integration of research and social responsibility, encouraging students to engage in practical environmental initiatives [1][2] Group 3: Community Engagement - The "Blue Vanguard Team" was established in 2018, led by doctoral student Wen Chaoyu, and includes talents from various interdisciplinary fields, creating a new model of "Research + Public Welfare" [2] - The team focuses on enhancing public awareness of environmental protection through various activities, including technology research, public education, and volunteer services [2] Group 4: Innovative Solutions - The team has developed an AI-enabled localized database technology to identify pollution control priorities in rural areas, conducting surveys in 80 counties and 393 villages in key northern regions [4] - A tiered governance strategy has been proposed, recommending efficient clean energy alternatives for accessible villages while allowing for a transitional phase for economically disadvantaged areas [5] Group 5: Addressing Agricultural Pollution - The team has conducted surveys on straw burning in rural areas, exploring the motivations and methods of straw disposal among farmers [5][6] - A scientific approach to defining "controllable burning boundaries" has been proposed, aiming for a balanced solution that is acceptable to farmers, environmentally sustainable, and policy-compliant [6]

Core Insights - The Three Gorges Project has significantly contributed to flood control, power generation, and water resource utilization, with over 1.7 trillion kilowatt-hours of electricity generated since 2003 and a cumulative cargo throughput of over 2.2 billion tons [1][2] - The China Three Gorges Corporation has evolved into the world's largest hydropower development and operation enterprise, focusing on clean energy and supporting national strategies [1][2] Group 1: Clean Energy Development - The Three Gorges power station operates at full capacity, generating an average of 540 million kilowatt-hours daily, with clean energy accounting for 96% of the total installed capacity [2][3] - The company has established a clean energy corridor along the Yangtze River, enhancing power generation efficiency through coordinated operation of multiple hydropower stations [3][4] Group 2: Renewable Energy Expansion - The company is actively developing wind and solar energy projects, with over 65 million kilowatts of renewable energy capacity installed by May 2025 [4][5] - The company has initiated the construction of major offshore wind power bases and energy storage projects, aiming to enhance energy efficiency and capacity [4][5] Group 3: Environmental Protection and Sustainable Development - The Three Gorges Corporation plays a crucial role in protecting the Yangtze River, with a total investment exceeding 120 billion yuan in ecological protection projects [8][9] - The company is implementing innovative water management models and enhancing urban infrastructure to improve water quality and ecosystem health [7][8] Group 4: Innovation and Reform - Continuous innovation is a core principle for the company, with significant advancements in offshore wind turbine technology and project management practices [9][10] - The company has achieved notable reform outcomes, enhancing its governance structure and operational efficiency, contributing to its sustained high performance [10][11]

深圳商报•读创客户端记者 张妍 通讯员 朱丹 在第54个世界环境日来临之际，中广核"核铸未来"清洁能源科普市集日前走进澳门沙梨头坊众学校过沉 浸式互动体验、趣味实验展示和专业科普讲解，向师生们传递核能安全知识与绿色发展理念，全校500 多名师生参与体验，这也是核能等清洁能源科普活动首次走入澳门。 据了解，此次活动由台山核电合营有限公司（简称"台山核电"）负责，经澳门教育及青年发展局组织协 调，首次将核能科普教育引进澳门学校，是中国广核集团充分利用地理优势，建立粤港澳大湾区常态化 公众沟通交流机制的新突破，亦是画好内地与港澳交流合作"同心圆"的良好实践。 中广核在澳门沙梨头坊众学校开展清洁能源科普讲座 当日，清洁能源科普讲座在学校礼堂开展。台山核电培训部老师王凯润，深入浅出地介绍了清洁能源在 应对气候变化中的重要作用、核能发电原理以及我国自主知识产权三代核电技术"华龙一号"等内容。互 动环节，学生们积极举手抢答，现场气氛热烈。 活动现场，学生们操作体验清洁能源互动体验装置 一连两日，学生们分批参与清洁能源科普展览体验。沉浸式清洁能源互动展具融合核电、光伏、风能等 多元技术，通过物理模拟、模型拼搭等创新形式，构建 ...

Group 1 - Solar Mosaic Inc., a California-based clean energy fintech company, plans to file for bankruptcy due to the gradual withdrawal of support from the federal government under President Trump [1]

华夏时报（www.chinatimes.net.cn）记者 李佳佳 李未来 北京报道 2025年，煤炭市场寒意未消，国内动力煤价格震荡下跌。截至6月4日，秦皇岛港动力煤Q5500报618元/ 吨，月环比下跌37元/吨，年同比下跌262元/吨。 "今年以来，国内煤价整体处于不断下探寻底过程中，目前尚未止跌。"卓创资讯煤炭分析师赵丽向《华 夏时报》记者直言。 上海钢联煤焦事业部煤炭分析师薛丁翠告诉记者，若供需面未有明显改善，预计秦皇岛港动力煤Q5500 有望接近600元/吨关口。 据业内分析，随着可再生能源发电量增加，今年以来，日本和韩国动力煤进口量相比去年均有所减少。 而由于中国国内供应充足，加之澳煤价格优势收窄，中国终端用户采购积极性也偏低。权威数据显示， 2025年1-4月份，我国累计进口煤炭15267万吨，同比下降5.3%。 薛丁翠告诉记者，国际煤价的下跌主要是由于各国需求疲软及中国电厂采购价倒逼外矿降价出货，6月5 日，中国沿海电厂采购7-8月交期的进口煤炭，进口贸易商在出货压力及看空背景下，竞价活跃度较 高，其中Q3800采购最低价为393元/吨，周环比下跌12元/吨。 谈及国际煤价对国内煤炭市场影响 ...

邓正红软实力表示，市场对中美领导人通话成果的乐观预期提振投资者对经济增长和油价需求前景的预 期，石油软实力向上，周四（6月5日）国际油价走高。截至收盘，纽约商品期货交易所西得克萨斯轻质 原油7月期货结算价每桶涨0.52美元至63.37美元，涨幅0.83%；伦敦洲际交易所布伦特原油8月期货结算 价每桶涨0.48美元至65.34美元，涨幅0.74%。美东时间4日上午，中美两国元首同意双方团队继续落实 好日内瓦共识，尽快举行新一轮会谈。报道称此次通话应特朗普要求进行，但未透露两国领导人对话的 更多细节。通话后，特朗普称将举行更多中美贸易谈判。 尽管下半年欧佩克联盟预期增产可能导致市场供应过剩，但地缘政治事件和加拿大野火可能削减石油产 量，这些因素仍在为油价提供支撑。沙特阿美把7月份销往亚洲的轻质原油价格对阿曼和迪拜原油价格 议价每桶下调至1.20美元，比6月份每桶低0.20美元。分析认为，在油价处于波动区间中段之际，原油市 场继续有很多噪音。从交易量看，尽管欧佩克目前仍存在超产问题，似乎市场在看多石油。 当前，原油供应增幅有限，而旺季消费正逐步回升，这将助力油价延续震荡修复的走势。关税阶段性缓 和，对市场风险偏好以 ...