楼市怪象，空置率攀升，房价为何依旧坚挺？内行人士一语道破玄机！ 走入新建小区，入眼的是整齐排列的楼栋，然而夜晚降临，星星点点的灯光与大片漆黑的窗户形成鲜明 对比，不少房屋空置，鲜有人居住。这无疑是当下房地产市场最令人费解的现象之一：一方面，大量房 屋空置，无人问津；另一方面，房价却并未因此下跌，开发商依旧热火朝天地建设新的楼盘。这与我们 所熟知的经济规律、供需关系似乎背道而驰。按常理而言，任何商品一旦供大于求，必然会降价促销， 同时减少生产以求平衡。为何到了房地产市场，这一法则却失灵了呢？ 固然，"买涨不买跌"的消费心理在一定程度上影响了市场走向，但这绝非根本原因。毕竟，房屋已购入 却空置，即使受到"买涨"心理的驱使，理性的购房者也不会无谓地浪费金钱。真正的原因在于，对许多 人来说，房子已经不再仅仅是居住之所，而是一种投资工具，即使空置也能带来潜在收益。正是这种逐 利心理，驱动着人们不断购入房产。 有人购买，开发商自然乐此不疲地建造新房。买的人越多，房价自然水涨船高。然而，这背后隐藏着深 刻的问题：房屋的居住属性被弱化，转而成为投机获利的工具。房价的持续上涨，让真正的刚需购房者 望而却步，加剧了社会矛盾，大量 ...

华夏时报记者 叶青 北京报道 （北京一家金店内的黄金饰品） 国庆中秋双节叠加，北京黄金消费市场迎来销售高峰。假日期间，记者走访了北京东城、西城以及南城的商圈，尽管足金价格突破1120元/克创下新高， 但菜百股份总店、西单大悦城、国瑞城等核心商圈的金店依旧人头攒动，刚需消费与投资需求共同推动市场热度攀升，高金价并未影响普通消费者购金热 情。 10月3日上午，菜百股份总店销售人员不停为顾客介绍新款金饰。"从开门到现在没歇过脚，小克重首饰和投资金条卖得最好。"一位店员擦着汗说。据了 解，国庆假期第三天，菜百足金价格已涨至1075元/克，较三季度初上涨85元/克，价格高位运行成为市场显著特征。 监测数据显示，10月4日北京主流品牌首饰金报价集中在1129—1131元/克区间。为吸引客流，商家纷纷推出优惠。记者观察到，在柜台前购买金饰品的客 户群体中，中老年群体仍是主力，他们更青睐30克以内、兼具佩戴性与保值性的轻量化金饰。 而在国贸商圈的周大福门店内，记者发现，购买黄金饰品的群体以筹备婚礼的新人为主，他们正为即将到来的婚礼做准备。据店员介绍，近期"三金"套装 订单量较8月增长15%，5万元以上的大件套装占比达80%。 ...

Group 1 - Gold prices have surged, with spot gold reaching a high of $3,790.97 per ounce and COMEX futures hitting $3,824.6 per ounce, both setting historical records [1] - Retailers are rapidly adjusting gold prices, with one merchant in Shenzhen increasing the price of gold jewelry from 853 yuan per gram to 861 yuan per gram within the same day [1] - The market sentiment is characterized by a stark contrast between buying and selling, as investors rush to purchase gold while some merchants limit sales [1] Group 2 - The "buy high, sell higher" mentality is prevalent among investors, with many purchasing significant amounts of gold, believing prices could rise to 900 yuan per gram [2] - Analysts attribute this behavior to herd mentality and trend-chasing, where investors fear missing out on potential gains, leading to short-term speculative actions [2][3] - Standard Chartered's chief investment strategist emphasizes the importance of diversified investment and suggests buying on dips rather than chasing prices [3] Group 3 - Jewelry retailers, including Chow Tai Fook, are adjusting their pricing strategies in response to gold price fluctuations, with plans to increase prices starting in October [3] - Some jewelers are implementing limited sales to maintain product quality amid rising costs [3] Group 4 - Gold recovery merchants are eager to sell, with one merchant stating they sold their inventory at 830 yuan per gram to capitalize on price increases [4] - The outlook for gold remains bullish, with expectations of continued price increases and potential challenges to the $4,000 per ounce mark [4] - Analysts believe that factors such as de-dollarization and central bank policies will support gold's long-term value and its appeal as a hedge against inflation [4][5] Group 5 - There is still room for growth in gold investment demand, with multiple factors likely to keep prices on an upward trajectory [5] - Investors are advised to assess their risk tolerance and avoid impulsive decisions based on short-term price movements, suggesting a strategic approach to gold investment [5]

但是很显然，这节课付出的成本，对于很多人来说是昂贵的！ .01 "金价跌跌不休"？ 然后很多人就一窝蜂似的跟着进场，就像当年的牛市，甚至连罗湖桥上扫地的清洁阿姨都研究着股票。现在很多高楼大厦里面的清洁工也研究着黄金， 然而很多人没搞明白一个逻辑，当一件事，如果等到老百姓都觉得很赚钱的话，其实也就是资本要开始"收网"了，这种情况下盲目进场，自然有很多人会 被套牢，赔钱的更不在少数。 所以都说，2025年的黄金行情就像是给大家上了场"风险教育课"，让大家懂得了三个残酷现实： 跟踪金价走势的人应该都知道，最近金价冲上每克800块之后，很多人开始觉得金价也进入牛市行情， 甚至有不少人开始抵押房产借钱买金，想着只赚这波牛市，就能赚到属于自己的"一桶金"。 身边有一位不服输的老兄，当金价涨到近1000时，借了七八十万买金，总想着还能涨到2000、3000， 只是没想到，市场翻脸比翻书还快，价格一天一个样，截止到8月3号下午，金价稳定在776.79元， 之前抵押房产买金的人，现在都哭晕在厕所，少的人亏了几万块，多的人亏了几十万。 就算是回收黄金的商家老板，看到这样的市场行情，也直呼吃不消，都不敢回收黄金了，就担心收的越多， ...

1. Report Industry Investment Rating - The investment rating is cautiously bullish [4] 2. Core View of the Report - The lead - acid battery consumption season is approaching, and the downstream procurement enthusiasm is stimulated by rising prices with a significant "buy - on - rising" feature. The improvement of macro - sentiment and the spill - over of risk sentiment will benefit lead prices. For the SHFE lead 2508 contract, it is advisable to conduct long - hedging at dips between 16,800 yuan/ton and 17,000 yuan/ton [4] 3. Summary According to Related Catalogs Market News and Important Data Spot - On July 2, 2025, the LME lead spot premium was - 32.45 dollars/ton. The SMM1 lead ingot spot price remained unchanged at 16,925 yuan/ton. The SMM Shanghai lead spot premium remained unchanged at - 35.00 yuan/ton. The SMM Guangdong lead price remained unchanged at 16,950 yuan/ton. The SMM Henan lead price decreased by 25 yuan/ton to 16,925 yuan/ton. The SMM Tianjin lead spot premium increased by 25 yuan/ton to 17,025 yuan/ton. The lead refined - scrap price spread remained unchanged at - 50 yuan/ton. The price of waste electric vehicle batteries remained unchanged at 10,275 yuan/ton, waste white - shell at 10,175 yuan/ton, and waste black - shell at 10,525 yuan/ton [1] Futures - On July 2, 2025, the SHFE lead main contract opened at 17,115 yuan/ton and closed at 17,175 yuan/ton, up 75 yuan/ton. The trading volume was 27,524 lots, down 3,863 lots. The open interest was 51,254 lots, down 157 lots. The intraday price fluctuated, with a high of 17,210 yuan/ton and a low of 17,110 yuan/ton. In the night session, it opened at 17,235 yuan/ton and closed at 17,270 yuan/ton, up 0.64% from the afternoon close. Lead prices stopped falling briefly, downstream enterprises replenished stocks due to rigid demand, and the spot trading of primary lead improved compared to the previous day [2] Inventory - On July 2, 2025, the SMM lead ingot inventory was 56,000 tons, an increase of 300 tons from last week. As of July 2, the LME lead inventory was 268,150 tons, a decrease of 1,925 tons from the previous trading day [3] Strategy - The strategy is to be cautiously bullish. For the SHFE lead 2508 contract, long - hedging can be carried out at dips between 16,800 yuan/ton and 17,000 yuan/ton [4] Option Strategy - Sell put options at 16,500 yuan/ton [5]

Core Viewpoint - The article highlights the recent decline in gold prices, reaching a new low since June, and discusses its impact on consumer behavior in the gold trading market [1]. Group 1: Market Trends - Gold prices have been continuously falling, leading to a significant decrease in sales at gold trading markets, particularly in Shenzhen [1]. - A local merchant reported that sales have dropped by approximately 30% compared to periods when gold prices were rising, indicating a consumer preference for buying during price increases rather than declines [1]. Group 2: Merchant Strategies - To stimulate sales, some merchants have reduced processing fees slightly; however, this strategy has not yielded significant results in boosting sales [1].

Core Viewpoint - The price of gold has dropped to its lowest point since June, leading to decreased sales for merchants in the Shenzhen Shui Bei gold trading market, as consumers prefer to buy when prices are rising rather than falling [1] Group 1: Market Trends - Gold prices have been continuously declining, reaching a new low since June [1] - Merchants report a significant drop in sales, with recent sales figures down by approximately 30% compared to when gold prices were rising [1] Group 2: Merchant Strategies - Some merchants have attempted to promote sales by reducing processing fees, but the impact of this strategy has been minimal [1]

Core Insights - The China International Consumer Products Expo (CICPE) has seen a surge in gold consumption, driven by rising gold prices and a shift towards younger consumers [1][2][7] - The demand for gold products has significantly increased, with gold items now making up 70% to 80% of product offerings from brands [2][5] - The trend of younger consumers purchasing gold is linked to cultural shifts and the appeal of "Guochao" (national trend) and modern design elements [8][9] Industry Trends - The gold market is experiencing a notable influx of younger consumers, with brands adapting their product lines to cater to this demographic [2][8] - High gold prices have led to a "buy high, sell higher" mentality among consumers, further stimulating demand [7][9] - The luxury goods market is facing a downturn, with a 17% year-on-year decline in sales, prompting younger consumers to shift their focus to gold products [9] Brand Strategies - Major brands like Lao Feng Xiang and China Jewelry are adjusting their product strategies to include more lightweight and culturally relevant designs to attract younger buyers [8][14] - Lao Feng Xiang is focusing on both small and large gold products, catering to both young consumers and traditional collectors [14] - The industry is seeing a bifurcation in consumer preferences, with younger buyers favoring smaller, fashionable items while traditional collectors seek larger, collectible pieces [14] Market Outlook - Analysts predict continued growth in gold prices, with forecasts suggesting prices could reach $3,500 per ounce within the next 12 months [10] - The domestic gold production capabilities are now internationally competitive, providing an opportunity for local brands to thrive as luxury imports decline [10][14] - The emphasis on cultural confidence and craftsmanship innovation is expected to drive the gold industry forward in the long term [14]

Core Viewpoint - The article provides a comprehensive overview of the current pricing trends and dynamics within the photovoltaic (PV) industry, highlighting stability in prices across various segments and potential upward movements in the future due to supply-demand dynamics [4][24]. Silicon Material Segment - The mainstream transaction prices for N-type recycled silicon are at 40 RMB/KG, N-type dense silicon at 38 RMB/KG, and N-type granular silicon also at 38 RMB/KG [6]. - The overall transaction volume remains low as companies are in the negotiation phase, with some manufacturers considering price increases, but downstream acceptance is low [7]. - Current silicon material inventory levels have decreased to the range of 250,000 to 260,000 tons, driven by factors such as futures registration and increased downstream demand [8]. - Under the consensus of self-discipline in production cuts, silicon material companies are maintaining low operational levels compared to the same period last year, leading to expectations of stable prices [10]. - Prices have stabilized this week, with a potential for gradual increases in the future, although the impact of futures on prices remains a consideration [11]. Silicon Wafer Segment - The mainstream transaction prices for P-type M10 wafers are at 1.10 RMB/piece, P-type G12 at 1.65 RMB/piece, N-type M10 at 1.18 RMB/piece, and N-type G12 at 1.55 RMB/piece [13]. - In March, wafer production has slightly increased to the range of 50-51 GW, with leading manufacturers remaining cautious in their production strategies due to self-discipline production cuts [14]. - The demand for 210RN wafers has increased, leading to price support, while other models remain stable [15]. Battery Cell Segment - The mainstream transaction prices for M10 battery cells are at 0.330 RMB/W, G12 at 0.270 RMB/W, and both M10 and G12 single crystal TOPCon cells at 0.290 RMB/W [17]. - Battery cell production in March has increased by approximately 22% month-on-month, driven by a small peak in installations expected in Q2, with total production in the range of 54-55 GW [18]. - The price of 210RN cells has increased due to tight supply conditions [19]. Module Segment - The mainstream transaction prices for 182mm single-sided PERC modules are at 0.69 RMB/W, 210mm single-sided PERC modules at 0.70 RMB/W, and 182mm double-sided double-glass PERC modules at 0.70 RMB/W [21]. - In March, module production is expected to increase due to favorable factors such as the "New 531" policy and the traditional overseas peak season, with domestic demand in the ground and distributed segments beginning to develop [22]. - Module prices have remained stable, with an increasing number of manufacturers reporting price hikes, indicating a potential shift towards a buy-up atmosphere in the module segment [23].