不锈钢产业日报 2025-06-03 | 项目类别 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | | 期货主力合约收盘价:不锈钢(日,元/吨) 期货市场 | 12630 | -55 07-08月合约价差:不锈钢(日,元/吨) | -25 | 20 | | 期货前20名持仓:净买单量:不锈钢(日,手) | 3086 | 1004 主力合约持仓量:不锈钢(日,手) | 85193 | -5476 | | 仓单数量:不锈钢(日,吨) | 129690 | -300 | | | | 304/2B卷:切边:无锡(日,元/吨) 现货市场 | 13750 | 0 市场价:废不锈钢304:无锡(日,元/吨) | 9800 | 0 | | SS主力合约基差(日,元/吨) | 640 | 55 | | | | 电解镍产量(月,吨) 上游情况 | 29430 | 1120 镍铁产量合计(月,万金属吨) | 2.17 | -0.11 | | 进口数量:精炼镍及合金(月,吨) | 18746.54 | 10187.11 进口数量:镍铁(月,万吨) | 8 ...

碳酸锂产业日报 2025/6/3 | | 撰写人：王福辉 从业资格证号：F03123381 投资咨询从业证书号：Z0019878 | | | | | | --- | --- | --- | --- | --- | --- | | 项目类别 | 数据指标 最新 环比 | | 数据指标 | 最新 | 环比 | | | 主力合约收盘价（日，元/吨） | 59,940.00 | +140.00↑ 前20名净持仓（日，手） | -4,671.00 | +13561.00↑ | | 期货市场 | 主力合约持仓量（日，手） | 259,658.00 | -1351.00↓ 近远月合约价差（日，元/吨） | 80.00 | +80.00↑ | | | 广期所仓单（日，手/吨） | 33,397.00 | -60.00↓ | | | | 现货市场 | 电池级碳酸锂平均价（日，元/吨） | 60,300.00 | -400.00↓ 工业级碳酸锂平均价（日，万元/吨） | 58,700.00 | -400.00↓ | | | Li₂CO₃主力合约基差（日，元/吨） | 360.00 | -540.00↓ | | | | 上游情况 ...

Group 1: Report Overview - The report is dated June 3, 2025, and focuses on stock index futures [1] Group 2: Investment Rating - No investment rating for the industry is provided in the report Group 3: Core View - The news is complex, but there is still support below for stock index futures [1] Group 4: Futures Data Tracking - On June 2, all four major stock index futures contracts for the current month declined. IF fell 0.34%, IH fell 0.33%, IC fell 0.61%, and IM fell 0.88% [2] - The total trading volume of stock index futures decreased, indicating a cooling of investors' trading enthusiasm. Specifically, IF decreased by 13,110 lots, IH by 2,353 lots, IC by 27,803 lots, and IM by 58,891 lots [3] - In terms of positions, the total positions of IF decreased by 16,628 lots, IH by 6,971 lots, IC by 13,683 lots, and IM by 26,656 lots [3] Group 5: Futures Member Positions - The data shows the changes in long and short positions of the top 20 members in different contracts of IF, IH, IC, and IM. For example, in the IF2506 contract, long positions decreased by 9,935 and short positions by 12,374 [6] Group 6: Trend Intensity and Important Drivers - The trend intensity of IF and IH is 1, and that of IC and IM is also 1. The range of trend intensity is an integer within [-2, 2] [7] - The US claims that China violated the consensus of the China-US Geneva economic and trade talks, but China firmly rejects the unreasonable accusation. The US has introduced new discriminatory restrictions against China, which has increased the uncertainty and instability of bilateral economic and trade relations [7] Group 7: Other Market News - The sales volume of consumer goods trade - in programs has exceeded 1 trillion yuan this year, driving the continuous recovery of consumption [8] - The Hong Kong stock market rebounded in a V - shape. The Hang Seng Index closed down only 0.57%. Pop Mart rose more than 4%, while the automobile stock sector declined due to the "price war" [8]

Group 1 - As of May 31, 2025, the "old-for-new" program in five major consumer goods categories has driven sales of 1.1 trillion yuan, with approximately 175 million subsidies issued directly to consumers, enhancing consumer welfare and stimulating the consumption market [1] - The "old-for-new" initiative reflects the stability and potential of the Chinese economy, contributing to high-quality economic development [1] - On June 3, the A-share market experienced a pullback, with the A500 index showing stable performance and the A500 ETF (159339) averaging over 100 million yuan in daily trading volume over the past 10 trading days, indicating high market activity [1] Group 2 - The A500 index, which represents core A-share assets, covers 63% of total revenue and 70% of total net profit in the market with less than 10% of the total number of A-share stocks, making it a strong tool for long-term investment in China's capital market [1] - The A50 ETF (159592) tracks the A50 index, which includes large-cap leading stocks across various industries, benefiting from increased market concentration amid supply-side reforms [2] - The investment value of A-shares is gradually becoming apparent, particularly during the recovery of ROE and profit cycles, with record high dividends and buybacks since the beginning of the year [2]

Core Insights - The consumption upgrade policy has significantly boosted sales in various sectors, with a total sales increase of 1.1 trillion yuan driven by the replacement of old consumer goods [1] - The government has allocated 300 billion yuan in special bonds to support the consumption upgrade initiative, doubling the amount from the previous year [1] Group 1: Sales Data - As of May 31, 2025, the old-for-new replacement program has led to 4.12 million applications for automobile subsidies [1] - A total of 49.863 million consumers purchased 77.618 million units of 12 categories of household appliances [1] - Approximately 53.529 million consumers bought 5.6629 million digital products, including mobile phones [1] - The program has also seen 6.5 million electric bicycles replaced and 57.626 million home renovation orders [1] Group 2: Consumer Spending Trends - In the first four months of 2025, the total retail sales of consumer goods reached 16.18 trillion yuan, marking a year-on-year growth of 4.7% [1] - In April, the retail sales of goods increased by 5.1% year-on-year, with a 0.5 percentage point acceleration compared to the first quarter [1] - Retail sales from above-designated size enterprises grew by 6.6%, with an acceleration of 0.8 percentage points from the first quarter [1] Group 3: Sector Performance - Retail sales of household appliances, cultural office supplies, furniture, and communication equipment increased by 38.8%, 33.5%, 26.9%, and 19.9% year-on-year, respectively [2] - In April, the retail volume of passenger cars rose by 14.5% year-on-year, with new energy vehicles seeing a growth of 33.9% and a penetration rate of 51.5% [2] - Sales of tablets, energy-efficient air conditioners, massage chairs, and water purifiers increased by 25.8%, 25.2%, 15%, and 11.2% year-on-year, respectively [2]

Group 1: Consumer Market Activity - The combination of the Dragon Boat Festival and Children's Day has led to a vibrant consumer market in Changsha, with various activities attracting significant foot traffic [1][5] - The Heisong Plaza in the Wuyi shopping district reported over 40,000 visitors on May 31, a 30% increase compared to last year's Dragon Boat Festival [1] - The "Super Young" music festival and other themed events in shopping centers have contributed to a record-breaking foot traffic of over 120,000 during the holiday period [5] Group 2: Retail Performance and Trends - The holiday season has accelerated the demand for home appliances and 3C products, driven by government subsidies and promotional offers [7] - The Changsha market has seen significant sales in green and smart home appliances, with a focus on large-screen TVs, refrigerators, and washing machines [7] - The "old-for-new" consumption policy has led to 168.7 million transactions in Changsha, accounting for 51.64% of the province's total, generating sales of 50.36 billion yuan [8] Group 3: Economic Impact - The retail sales in Changsha reached 1,792.40 billion yuan in the first four months of the year, reflecting a year-on-year growth of 4.1% [8] - The government's "old-for-new" policy has effectively boosted consumer spending and contributed to a positive trend in retail sales [8]

Group 1 - The Ministry of Commerce spokesperson criticized the U.S. for unilaterally escalating trade tensions, which increases uncertainty and instability in bilateral economic relations, and accused the U.S. of unjustly blaming China for violating agreements [1] - The Chinese Ministry of Industry and Information Technology announced plans to intensify efforts to regulate "involution" competition in the automotive industry to maintain a fair and orderly market environment [1] - As of June 1, the sales volume of consumer goods through the trade-in program has exceeded 1 trillion yuan this year [1]

Group 1: Consumer Goods and Market Trends - The sales volume of consumer goods through the trade-in program has exceeded 1 trillion yuan this year, with major contributions from home appliances, automobiles, and digital products [3] - As of May 31, 2025, the five major categories of consumer goods trade-in have generated a sales volume of 1.1 trillion yuan, with approximately 175 million subsidies issued directly to consumers [3] - In May, the total transaction volume of new and second-hand housing in Shanghai reached 2.23 million square meters, a year-on-year increase of 17% [3] Group 2: IPO and Market Activity - The number of IPO applications in May reached a new high for the year, with 16 companies receiving acceptance, marking a significant increase in market activity [3] - One new stock, Haiyang Technology, is set to be issued on June 3, with an issue price of 11.5 yuan per share and a price-to-earnings ratio of 12.69 times [3] Group 3: International Trade and Economic Indicators - South Korea's exports in May decreased by 1.3% year-on-year, amounting to 57.27 billion USD, marking the first decline since January [4] - Japan's average price for a 5-kilogram bag of rice reached a new high of 4,285 yen, more than double the price from the same period last year [5]

Group 1 - The sales revenue from the consumer goods trade-in program has exceeded 1 trillion yuan this year, reaching 1.1 trillion yuan as of May 31 [1] - Approximately 175 million subsidies have been issued directly to consumers under this program [1] - The program has seen significant participation, with 4.12 million applications for automobile trade-ins and 49.86 million consumers purchasing 12 categories of home appliances [1] Group 2 - The 2025 fixed population sample follow-up survey has officially started, aimed at enhancing population statistics and dynamic monitoring [2] - This survey will reflect the basic characteristics and quality of life changes of the surveyed population over a long period [2] Group 3 - NIO's legal department has issued a statement regarding the dissemination of false information about the shareholding changes of its co-founder and president, Qin Lihong [5] - The company confirmed that there have been no changes in Qin Lihong's shareholding, and the misinformation has disrupted normal capital market order [5] - Legal actions will be taken against those responsible for spreading the false information [5]

Company Movements - In May, BYD sold 382,500 new energy vehicles, up from 331,800 units in the same month last year, with a cumulative sales of 1.7634 million units, a year-on-year increase of 38.7% [5] - Leap Motor delivered 45,067 vehicles in May, representing a year-on-year growth of over 148% [5] - Li Auto delivered 40,856 new vehicles in May, a year-on-year increase of 16.7%, with a historical cumulative delivery of 1,301,531 units as of May 31 [5] - Xpeng Motors delivered 33,525 vehicles in May, marking a year-on-year increase of 230%, achieving over 30,000 deliveries for seven consecutive months [7] - Xiaomi Motors delivered over 28,000 vehicles in May and is preparing for large-scale production of the Xiaomi YU7 [7] - Deep Blue Motors delivered 25,521 vehicles in May, showing a year-on-year growth of 78% and a month-on-month increase of 27% [7] - NIO delivered 23,231 new vehicles in May, a year-on-year increase of 13.1%, with 13,270 from the NIO brand, 6,281 from the Lada brand, and 3,680 from the Firefly brand [7] - Lantu Motors sold 10,022 vehicles in May, reflecting a year-on-year growth of 122% [7] Investment News - 12 brokerages, including Shenwan Hongyuan and Everbright, released their top ten stocks for June, with Yara International being favored by three institutions, while Zijin Mining, Juhua Co., Huadian Technology, Dongpeng Beverage, and Qingdao Beer were each listed twice [4] - In May, the three major exchanges in China received a total of 16 IPO applications, marking a significant increase compared to the previous four months and setting a new monthly record for the year, with the Beijing Stock Exchange accounting for nearly 70% of the applications [4] - Last week, institutions conducted research on 435 listed companies, with Zhongwei Company receiving the most attention from 212 institutions [4] - This week, one new stock, Haiyang Technology, is available for subscription at an issue price of 11.5 yuan per share, with an issue price-to-earnings ratio of 12.69 times, compared to the industry average of 23.65 times, requiring a minimum investment of 145,000 yuan in the Shanghai market [4] - A total of 54 restricted shares will be unlocked this week, amounting to 2.399 billion shares with a market value of 27.875 billion yuan, led by Chipone Technology at 4.259 billion yuan [4]