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新能源及有色金属日报:钢厂减产,不锈钢盘面反弹收高-20250626
Hua Tai Qi Huo· 2025-06-26 05:08
新能源及有色金属日报 | 2025-06-26 钢厂减产,不锈钢盘面反弹收高 镍品种 市场分析 2025-06-25日沪镍主力合约2507开于117680元/吨,收于118600元/吨,较前一交易日收盘变化1.17%,当日成交量为 76394手,持仓量为36302手。 沪镍主力合约夜盘开盘后横盘振荡,日盘开盘继续上下振荡,午后尾盘反弹收高,收中阳线。成交量较上个交易 日小幅下降,持仓量较上个交易日小幅下降。美国总统特朗普称,以色列和伊朗停火协议现已生效。央行等六部 门联合印发《关于金融支持提振和扩大消费的指导意见》,要夯实宏观经济金融基础,支持居民就业增收,优化保 险保障,积极培育消费需求。强化结构性货币政策工具激励,加大对服务消费重点领域信贷支持,发展债券、股 权等多元化融资渠道。菲律宾,矿山报价维持坚挺。受降雨天气影响,装船出货效率不高。镍铁成交创新低910元 /镍(舱底含税)成交上万吨,交期7月份,铁厂利润再度受挫,印尼镍矿供应紧缺问题因印尼当地园区各冶炼厂出 现减产得以缓解。6月(二期)内贸基准价下跌0.3-0.5美元左右;当前内贸升水维持26-28。现货市场方面,金川镍 早盘报价较上个交易日上调约6 ...
新能源及有色金属周报:消费端偏弱,镍不锈钢偏弱震荡运行-20250622
Hua Tai Qi Huo· 2025-06-22 08:42
新能源及有色金属周报 | 2025-06-22 消费端偏弱,镍不锈钢偏弱震荡运行 镍:宏观情绪偏空,沪镍延续弱势 市场分析 价格方面:截至6月20日当周,纯镍现货价较上周下跌约875元/吨至120625元/吨。金川镍升水2600元/吨,俄镍贴水 扩大至-100元/吨(周降50元),镍豆升水-600元/吨。LME镍0-3贴水-220美元/吨,市场交投情绪较淡。 宏观方面:关税方面,欧盟对华电动车加征15%临时关税(7月15日生效),新能源电池订单环比降10%;印尼政策 方面,镍矿出口税上调5%正式执行,但新增配额对冲短期利空。美联储方面,点阵图预示年内仅降息1次。 供应:精炼镍方面,6月排产34,150吨(环比减少2.6%),但西北大厂仍满负荷运行。镍矿供应方面,印尼6月发货 量增18%至142万湿吨。 消费:新能源电池订单环比降10%,三元前驱体企业开工率降至58%。纯镍现货整体交投情绪较淡。 成本利润:湿法中间品一体化工艺成本微升至10.4-10.9万元/吨,平均利润收窄至1万元/吨;非一体化电积镍工艺 成本12.7-13.1万元/吨,亏损扩至-0.9至-0.3万元/吨。 库存方面: 本周沪镍库存减少389 ...
新能源及有色金属日报:现货市场颓势不改-20250620
Hua Tai Qi Huo· 2025-06-20 05:24
Report Summary 1) Report Industry Investment Rating - Unilateral: Cautiously bearish [4] - Arbitrage: Neutral [4] 2) Core View of the Report - The spot market remains weak, with downstream buyers still reluctant to buy at high prices and the spot premium showing a downward trend. The cost of domestic zinc ore is stable, and the import window for zinc ore is closed. The supply side has stable smelting profits and a long - term high - growth supply expectation. Consumption is unexpectedly strong, with an increase in the zinc alloy operating rate and only a slight increase in social zinc ingot inventory, possibly due to the "zinc alloy reservoir" effect. Short - term energy disturbances caused by the Middle East crisis should be watched out for [1][3] 3) Summary by Related Catalogs Spot Market and Futures Market - **Spot Market**: LME zinc spot premium is -$30.04/ton. SMM Shanghai zinc spot price dropped by 210 yuan/ton to 21,990 yuan/ton, and its premium dropped by 15 yuan/ton to 140 yuan/ton. SMM Guangdong zinc spot price dropped by 220 yuan/ton to 21,970 yuan/ton, and its premium dropped by 25 yuan/ton to 120 yuan/ton. SMM Tianjin zinc spot price dropped by 210 yuan/ton to 22,000 yuan/ton, and its premium dropped by 15 yuan/ton to 150 yuan/ton [1] - **Futures Market**: On June 19, 2025, the main SHFE zinc contract opened at 21,945 yuan/ton, closed at 21,865 yuan/ton, down 130 yuan/ton from the previous trading day. The trading volume was 114,481 lots, a decrease of 9,214 lots from the previous day, and the open interest was 87,639 lots, a decrease of 9,589 lots from the previous day. The intraday price fluctuated between 21,800 - 22,020 yuan/ton [1] Inventory - As of June 19, 2025, the total inventory of zinc ingots in SMM's seven major regions was 79,600 tons, an increase of 2,500 tons from the same period last week. The LME zinc inventory was 127,475 tons, a decrease of 775 tons from the previous trading day [2] Market Analysis - **Cost**: The TC of domestic zinc ore is stable, the import window for zinc ore is closed, domestic ore has an advantage over imported ore, and the TC of imported ore in the third quarter overseas is still rising [3] - **Supply**: Smelting profits remain stable, and the long - term high - growth supply expectation remains unchanged [3] - **Consumption**: Consumption is unexpectedly strong, the zinc alloy operating rate is increasing, and the slight increase in social zinc ingot inventory may be due to the "zinc alloy reservoir" effect. Short - term energy disturbances caused by the Middle East crisis should be watched out for [3] Strategy - **Unilateral**: Cautiously bearish [4] - **Arbitrage**: Neutral [4]
新能源及有色金属日报:钢厂取消限价,不锈钢盘面破位下跌-20250611
Hua Tai Qi Huo· 2025-06-11 03:28
新能源及有色金属日报 | 2025-06-11 钢厂取消限价,不锈钢盘面破位下跌 镍品种 市场分析 跨品种:无 期现:无 期权:无 风险 国内相关经济政策变动,印尼政策变动,新任美国总统计划出台的一系列政策 2025-06-10日沪镍主力合约2507开于122030元/吨,收于121390元/吨,较前一交易日收盘变化-1.06%,当日成交量 为107520手,持仓量为78763手。 沪镍主力合约夜盘跳空低开,快速下杀至前期低点后,振荡反弹,日盘开盘下跌受阻后横盘振荡,收中阴线。成 交量较上个交易日略有减少,持仓量较上个交易日有所增加。6月10日中美在英国伦敦开始举行中美经贸磋商继续 进行。国家统计局6月9日发布数据显示,5月份,居民消费价格指数(CPI)环比下降0.2%,同比下降0.1%,扣除 食品和能源价格的核心CPI同比上涨0.6%,涨幅比上月扩大0.1个百分点。工业生产者出厂价格指数(PPI)环比下 降0.4%,降幅与上月相同,同比下降3.3%,降幅比上月扩大0.6个百分点。菲律宾苏里高矿区装船效率恢复尚可。 铁厂因亏损已实施减产措施,对镍矿原料需求转弱。印尼,苏拉威西镍矿区受降雨影响,镍矿供应紧缺现象 ...
港股收盘(06.06) | 恒指收跌0.48% 有色、创新药走高 快手-W(01024)逆市涨超8%
智通财经网· 2025-06-06 08:57
Market Overview - The Hong Kong stock market indices collectively declined, with the Hang Seng Index stopping a three-day rise, closing down 0.48% at 23,792.54 points, with a total turnover of HKD 235.62 billion [1] - The Hang Seng China Enterprises Index fell 0.63% to 8,629.75 points, and the Hang Seng Tech Index also dropped 0.63% to 5,286.52 points [1] - For the week, the Hang Seng Index rose 2.16%, the China Enterprises Index increased by 2.34%, and the Tech Index gained 2.25% [1] Blue Chip Performance - Kuaishou-W (01024) continued its upward trend, rising 8.44% to HKD 59.1, contributing 22.8 points to the Hang Seng Index [2] - The annualized revenue run rate for Kuaishou's AI product exceeded USD 100 million as of March, with monthly payments surpassing RMB 100 million in April and May [2] - Other blue-chip stocks included CSPC Pharmaceutical Group (01093) up 12.72%, Hansoh Pharmaceutical (03692) up 2.84%, while SMIC (00981) fell 4.85% and Trip.com Group (09961) dropped 3.31% [2] Sector Highlights - Large tech stocks generally declined, with Xiaomi down over 2% and Alibaba down over 1%, while Kuaishou rose over 8% [3] - Precious metals saw gains, with China Silver Group rising 26% and silver prices reaching a 13-year high, driven by industrial demand [3] - The innovative drug sector saw gains, with CSPC Pharmaceutical up 12.72% and other biotech firms also performing well, indicating a positive outlook for the sector [4] Stablecoin Sector - The stablecoin sector experienced a pullback after Circle's successful NYSE listing, with China Everbright Holdings (00165) dropping 17.2% [5] - The Hong Kong government announced the implementation of the Stablecoin Regulation on August 1, 2025, which aims to reshape the regulatory framework for stablecoins [6] Automotive Sector - Automotive stocks declined, with XPeng Motors (09868) down 1.77% and Great Wall Motors (02333) down 1.76% [6] - Concerns over a price war in the automotive industry were raised, with profit margins for the sector declining [6] Notable Stocks - WanGuo Gold Group (03939) reached a new high, rising 11.73% to HKD 30, supported by positive mining contracts [7] - Xinyi Energy (03868) increased by 7.07% as it submitted listing materials for a solar power infrastructure REIT in China [8] - Juzhibio (02367) faced pressure, down 3.04%, amid ongoing controversies regarding its product composition [9]
“宁王”又大涨
Zhong Guo Ji Jin Bao· 2025-05-21 13:12
Market Overview - The Hong Kong stock market experienced a significant rise, with the Hang Seng Index closing up 0.62% at 23827.78 points, and the Hang Seng Technology Index increasing by 0.51% to 5342.41 points [1][2] - The total market turnover reached 216.3 billion HKD, showing a recovery compared to the previous trading day, with net inflows from southbound funds amounting to 1.427 billion HKD [1] Company Performance - Contemporary Amperex Technology Co., Limited (CATL) saw its stock price surge by 10.19% to 337.40 HKD, following a 12.15% increase at one point during the trading session [5] - CATL's strong performance is attributed to its leading position in the global battery and energy storage market, solid profitability, healthy cash flow, and significant R&D investments [5] Precious Metals Sector - The precious metals sector experienced a substantial increase, with the Hong Kong Precious Metals Index rising by 7.30% [6] - Key stocks in this sector included Chifeng Jilong Gold Mining, which rose by 13.84%, and China Silver Group, which increased by 13.50% [6][7] - The rise in gold prices is attributed to a diversification in pricing logic, with traditional frameworks failing to fully explain the rapid increase in gold prices [8] Industry Trends - The materials sector index rose by 3.68%, while the healthcare and energy sectors also saw gains of 1.99% and 1.55%, respectively [4] - The gold and jewelry industry is expected to see performance differentiation, with a focus on companies with high investment in gold bars and those with strong brand attributes and differentiated design capabilities [8]
A股午评:创业板指涨近1% 家电板块现涨停潮 银行股继续调整
Ge Long Hui· 2025-05-19 01:20
| 行情 | 资金净流入 | 涨跌分布 | | --- | --- | --- | | 上证指数 | 深证成指 | 北证50 | | 2881.23 | 8583.31 | 703.23 | | -5.51 -0.19% +108.61 +1.28% +5.92 +0.85% | | | | 科创50 | 创业板指 | 万得全A | | 719.95 | 1660.66 | 4101.54 | | +6.07 +0.85% +16.21 +0.99% +31.13 +0.76% | | | | 沪深300 | 中证500 | 中证800 | | 3399.41 | 4728.68 | 3610.33 | | +0.14 0.00% +63.24 +1.36% +11.97 +0.33% | | | | 中证1000 | 中证2000 | 万得微盘股 | | 4695.68 | 1749.96 | 209335.59 | | +27.08 +1.57% +2898.77 +1.40% +63.11 +1.36% | | | A股主要指数涨跌不一,截至午间收盘,沪指跌0.19%报2881.23点,深成指涨1.28 ...
指数蓄力期,把握结构性行情机会
Sou Hu Cai Jing· 2025-05-18 22:32
Market Overview - The A-share market showed a mixed performance last week, with the Shanghai 50 and ChiNext Index rising by 1.22% and 1.38% respectively, indicating stable performance in blue-chip and growth stocks, while the Sci-Tech 50 fell by 1.10% and the CSI 500 and CSI 1000 experienced slight pullbacks, reflecting weaker performance in small-cap stocks [1] - In terms of industry sectors, beauty care, automotive, and transportation sectors led the gains, each rising over 2%, while sectors like computing, defense, and media showed relatively weaker performance [3] Key Industry News - The brain-computer interface (BCI) sector is gaining attention, with the establishment of China's first clinical and translational BCI ward at Beijing Tiantan Hospital on May 17. This initiative aims to advance research, clinical trials, and technology transfer in BCI, potentially enhancing market recognition and commercialization of non-invasive BCI products by 2025 [4] Market Outlook - The market is currently in a phase of adjustment, with trading volume remaining around 1 trillion, and major indices have broken below the 5-day moving average. The focus will be on whether the market can regain momentum and volume to surpass this level [5] - Recent regulatory changes in merger and acquisition policies by the China Securities Regulatory Commission aim to enhance the restructuring market, which may lead to increased activity in this area [5] - Economic indicators released on May 17 show positive trends in consumption, investment, and industrial production, with excavator sales up 17.6% year-on-year in April, indicating a robust recovery in the construction sector [6][7] - The Tianjin government has launched an action plan to promote AI innovation from 2025 to 2027, targeting breakthroughs in key technologies and significant revenue growth in the AI sector [7] Strategic Focus - The market is expected to see structural opportunities, particularly in hard technology mergers and acquisitions, consumer sectors supported by domestic demand strategies, and improvements in the non-ferrous metals sector [8]
半导体快速拉升,人工智能AIETF(515070)持仓股瑞芯微大涨超3%
Mei Ri Jing Ji Xin Wen· 2025-03-31 06:46
Group 1 - The semiconductor sector showed significant movement with stocks like Ruixin Micro rising over 3%, while other companies such as Hengxuan Technology, Deepin Technology, and Jingchen Co. also strengthened despite a broader market decline influenced by negative news over the weekend [1] - Financial and consumer sectors are highlighted as potential areas for investment, with expectations of improved performance in 2024 due to supportive consumption policies and recovery trends [1] - The AI ETF (515070) tracks the CS Artificial Intelligence Theme Index, focusing on companies that provide technology and resources for AI applications, including major domestic tech leaders like Cambricon, Hikvision, and iFlytek [1] Group 2 - Related products include the AI ETF (515070) and its linked funds, 华夏中证人工智能主题ETF联接A (008585) and 华夏中证人工智能主题ETF联接C (008586) [2]