7月份美洲制造业采购经理指数为48%，较上月下降0.6个百分点，显示美洲制造业保持在收缩区间，并 且恢复力度较上月有所减弱。主要国家数据显示，美国制造业采购经理指数为48%，创年内新低，连续 5个月低于50%。 展望后市，全球经济恢复仍面临较大的下行压力，美国对各国的关税政策演变仍存在不确定性，地缘政 治冲突扰动仍然存在，全球市场有效需求不足的态势没有改变。世界银行发布的最新《全球经济展望》 报告认为，2025年全球贸易增速，预计将从2024年的3.4%放缓至1.8%。专家表示，全球各国需要通过 不断沟通和协商，继续探寻新的合作模式和贸易规则，逐步减少不确定性影响，来增强全球经济恢复的 动力。 分区域看： 7月份亚洲制造业采购经理指数为50.5%，较上月下降0.2个百分点，连续3个月保持在50%以上。亚洲制 造业整体保持扩张态势，继续成为支撑全球经济复苏的主要动力。 7月份非洲制造业采购经理指数为51.1%，较上月上升1.4个百分点，连续2个月环比上升。数据变化显 示，非洲制造业恢复力度持续提升。 7月份欧洲制造业采购经理指数为49.1%，较上月上升0.3个百分点。欧洲制造业恢复力度较上月有小幅 提升，但仍延 ...

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贴水上升，LME锡强势带动国内价格。技术面，减仓下跌，跌破M10支撑，重回前期区间。操作上，建议暂 免责声明 | | | 沪锡产业日报 2025-07-07 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:沪锡(日,元/吨) | 263520 | -3730 LME3个月锡(日,美元/吨) | 33770 | -35 | | | 8月-9月合约收盘价:沪锡(日,元/吨) | -150 | -70 主力合约持仓量:沪锡(日,手) | 28262 | -2457 | | | 期货前20名净持仓:沪锡(日,手) | -398 | 362 LME锡:总库存(日,吨) | 2110 | -55 | | | 上期所库存:锡(周,吨) | 7198 | 243 LME锡:注销仓单(日,吨) | 640 | -25 | | 现货市场 | 上期所仓单:锡(日,吨) | 6868 | 61 | | | | | SMM1#锡现货价格(日,元/吨) | 266800 | -500 长江有 ...

外库存持稳。技术面，持仓减量，关注MA10支撑，预计短线偏强调整。操作上，建议暂时观望，或逢低轻 仓做多。 免责声明 | | | 沪镍产业日报 2025-07-07 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:沪镍(日,元/吨) | 120540 | -1730 08-09月合约价差:沪镍(日,元/吨) | -140 | -50 | | | LME3个月镍(日,美元/吨) | 15260 | -95 主力合约持仓量:沪镍(日,手) | 69366 | -441 | | | 期货前20名持仓:净买单量:沪镍(日,手) | -6296 | -1846 LME镍:库存(日,吨) | 202470 | 0 | | | 上期所库存:镍(周,吨) | 24922 | 204 LME镍:注销仓单:合计(日,吨) | 8502 | 0 | | | 仓单数量:沪镍(日,吨) | 20832 | -227 | | | | 现货市场 | SMM1#镍现货价(日,元/吨) | 122 ...

Global Manufacturing PMI Overview - In June 2025, the global manufacturing PMI was 49.5%, an increase of 0.3 percentage points from May, indicating a continued contraction but a slight recovery trend [1] - The World Bank revised its global economic growth forecast for 2025 down from 2.7% to 2.3%, reflecting ongoing uncertainties in the global economic environment [1] Regional Manufacturing Performance Asia - The Asian manufacturing PMI reached 50.7 in June 2025, up 0.3 percentage points from May, indicating expansion and improved recovery [3] - The ongoing trade agreements, such as the China-South Korea Free Trade Agreement and the continued economic exchanges between China and ASEAN, are crucial for sustaining growth in the region [3] Americas - The manufacturing PMI for the Americas was 48.6 in June 2025, a slight increase of 0.2 percentage points from May, but still indicating contraction [2] - The U.S. manufacturing PMI was 49% in June, up 0.5 percentage points from May, ending a four-month decline but remaining below the expansion threshold [2] Europe - Europe's manufacturing PMI was 48.8 in June 2025, a marginal increase of 0.1 percentage points from May, continuing a slow recovery trend [2] - The European Central Bank may implement more supportive policies to stimulate economic recovery due to the ongoing weak performance [2] Africa - The African manufacturing PMI was 49.7 in June 2025, an increase of 1 percentage point from May, but still in contraction territory [4] - The reliance on natural resource exports continues to hinder Africa's economic recovery, necessitating a shift towards internal growth drivers [4]

6月份，美洲制造业PMI为48.6%，较上月上升0.2个百分点，连续4个月低于49%，显示美洲制造业保持 在收缩区间，恢复力度较弱。欧洲制造业PMI为48.8%，较上月微幅上升0.1个百分点，连续6个月小幅 上升，但指数水平仍未突破49%，显示欧洲制造业延续缓慢恢复态势，但恢复力度持续较弱。 6月份，亚洲制造业PMI为50.7%，较上月上升0.3个百分点，显示亚洲制造业持续保持在扩张区间，且 恢复力度较上月提升，较好支撑了全球经济恢复，区域内主要国家均有积极变化。同期，非洲制造业 PMI为49.7%，较上月上升1个百分点，结束连续两个月环比下降走势，但仍在50%以下。 中新社北京7月6日电 (记者 阮煜琳)中国物流与采购联合会6日发布数据显示，6月份，全球制造业采购 经理指数(PMI)为49.5%，较上月上升0.3个百分点，连续两个月环比上升，但仍在50%以下。 分析认为，全球经济恢复仍面临下行压力。未来充满不确定性成为当前全球各国在探讨经济恢复路径中 达成的基本共识。面对不确定性的动荡，加强多边合作，夯实全球市场需求基础，是保障全球经济稳定 恢复的确定性方向。(完) 综合指数变化显示，6月份，全球制造业仍运 ...

Core Insights - The global manufacturing PMI for June is reported at 49.5%, indicating a slight recovery but still within the contraction zone [1] - The index has increased by 0.3 percentage points compared to the previous month, marking two consecutive months of improvement [1] - Ongoing geopolitical tensions and uncertainty regarding U.S. tariff policies continue to exert downward pressure on global economic recovery [1] Summary by Category Global Manufacturing PMI - The global manufacturing PMI for June stands at 49.5%, reflecting a minor increase of 0.3 percentage points from the previous month [1] - This marks the second consecutive month of a slight rise in the index, suggesting a potential stabilization in manufacturing activity [1] Economic Recovery - The data indicates that the recovery of the global economy is gaining some momentum, although it remains fragile [1] - The manufacturing sector is still facing challenges due to external factors such as trade policies and geopolitical conflicts [1]

Group 1 - The global manufacturing Purchasing Managers' Index (PMI) for May is reported at 49.2%, a slight increase of 0.1 percentage points from the previous month, indicating that it has remained below 50% for three consecutive months, suggesting a contraction in the manufacturing sector [1] - In Europe, the manufacturing PMI is at 48.7%, up 0.3 percentage points from last month, marking a slow recovery trend over five months, although the recovery remains weak with the index hovering around 48% [1] - The manufacturing PMI for the Americas is reported at 48.4%, unchanged from the previous month, indicating continued contraction in the region's manufacturing sector [1] Group 2 - The manufacturing PMI for Asia stands at 50.4%, an increase of 0.4 percentage points from last month, indicating a return to expansion despite facing challenges such as U.S. tariffs [1] - The manufacturing PMI for Africa is reported at 48.7%, a decrease of 0.8 percentage points from the previous month, reflecting a weakening recovery momentum in the region [1] - Analysts suggest that U.S. tariffs continue to disrupt the global economy, increasing uncertainty and limiting long-term planning for businesses, which may weaken the global economic recovery capacity in the short term [2]