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瑞达期货贵金属产业日报-20250929
Rui Da Qi Huo· 2025-09-29 09:57
员鹰派表态及"经济韧性与通胀粘性"并存的宏观环境支撑,10年期美债收益率回升至4.2%,货币政策与 数据来源第三方,观点仅供参考。市场有风险,投资需谨慎! 利率走势形成共振,美元短线反弹或对贵金属市场走势形成一定压制。鲍威尔此前未就美联储是否会在10 研究员: 廖宏斌 期货从业资格号F3082507 期货投资咨询从业证书号Z0020723 月会议上降息给出任何暗示,与此前的超宽松预期形成一定反差。美联储内部就未来货币政策路径分歧加 免责声明 | | | 贵金属产业日报 2025-09-29 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 沪金主力合约收盘价(日,元/克) | 866.52 | 10.46 沪银主力合约收盘价(日,元/千克) | 10939 | 307 | | | 主力合约持仓量:沪金(日,手) | 263220 | -1085 主力合约持仓量:沪银(日,手) | 508967 | -35265 | | | 沪金主力前20名净持仓(日,手) | 167719 | 225 ...
瑞达期货铝类产业日报-20250929
Rui Da Qi Huo· 2025-09-29 08:39
铝类产业日报 2025/9/29 数据来源第三方,观点仅供参考。市场有风险,投资需谨慎! 研究员: 陈思嘉 期货从业资格号F03118799 期货投资咨询从业证书号Z0022803 免责声明 本报告中的信息均来源于公开可获得资料,瑞达期货股份有限公司力求准确可靠,但对这些信息的准确性及完整性不做任何保证,据此投资,责任自负。本报告不构成个人投资建议, 出处为瑞 达研究瑞达期货股份有限公司研究院,且不得对本报告进行有悖原意的引用、删节和修改。 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | | 沪铝主力合约收盘价(日,元/吨) | 20,730.00 | -15.00↓ 氧化铝期货主力合约收盘价(日,元/吨) | 2,904.00 | +3.00↑ | | | 主力-连二合约价差:沪铝(日,元/吨) | 20.00 | +20.00↑ 主力-连二合约价差:氧化铝(日,元/吨) | -37.00 | -4.00↓ | | 期货市场 | 主力合约持仓量:沪铝(日,手) LME电解铝三个月报价(日,美元/ ...
瑞达期货焦煤焦炭产业日报-20250929
Rui Da Qi Huo· 2025-09-29 08:39
Report Industry Investment Rating - Not provided Core Views - On September 29, the JM2601 contract of coking coal closed at 1,154.0, down 4.98%. The spot price of Tangshan Meng 5 clean coal was reported at 1,422, equivalent to 1,202 on the futures market. With the continuous recovery of mine capacity utilization rate for three weeks and some coal types rebounding, the operating rate of independent coal washing plants continued to rise. The cumulative growth rate of imports has been declining for three consecutive months, and inventories have rebounded for two consecutive weeks with a seasonal upward trend. Technically, the daily K - line is between the 20 - day and 60 - day moving averages. It should be treated as a volatile operation [2]. - On September 29, the J2601 contract of coke closed at 1,647.0, down 4.16%. After the second - round price cut of coke was implemented, some coking enterprises proposed a price increase of 50 - 55 yuan/ton. In terms of demand, the current hot metal output is 2.4236 million tons, an increase of 0.0134 million tons, and the hot metal output is fluctuating at a high level. Coke inventories are higher than the same period. In terms of profit, the average loss per ton of coke for 30 independent coking plants nationwide is 34 yuan/ton. Technically, the daily K - line is below the 20 - day and 60 - day moving averages. It should be treated as a volatile operation [2]. Summary by Relevant Catalogs Futures Market - The closing price of the JM main contract was 1,154.00 yuan/ton, down 42.50 yuan; the closing price of the J main contract was 1,647.00 yuan/ton, down 45.50 yuan. The JM futures contract open interest was 825,807.00 lots, down 80,954.00 lots; the J futures contract open interest was 50,959.00 lots, down 1,729.00 lots. The net position of the top 20 JM contracts was - 121,941.00 lots, up 15,608.00 lots; the net position of the top 20 J contracts was - 5,112.00 lots, up 948.00 lots [2]. - The JM5 - 1 monthly contract spread was 85.50 yuan/ton, up 0.50 yuan; the J5 - 1 monthly contract spread was 143.00 yuan/ton, unchanged. The coking coal warehouse receipts were 0.00, unchanged; the coke warehouse receipts were 1,690.00, unchanged [2]. Spot Market - The price of Ganqimao Meng 5 raw coal was 1,040.00 yuan/ton, unchanged; the price of Tangshan Grade - 1 metallurgical coke was 1,665.00 yuan/ton, unchanged. The price of Russian prime coking coal forward spot (CFR) was 151.50 US dollars/wet ton, unchanged; the price of Rizhao Port quasi - Grade - 1 metallurgical coke was 1,470.00 yuan/ton, unchanged [2]. - The price of Australian imported prime coking coal at Jingtang Port was 1,600.00 yuan/ton, unchanged; the price of Shanxi - produced prime coking coal at Jingtang Port was 1,750.00 yuan/ton, unchanged. The price of medium - sulfur prime coking coal in Jinzhong, Shanxi was 1,270.00 yuan/ton, unchanged; the price of coke at Tianjin Port Grade - 1 was 1,570.00 yuan/ton, unchanged [2]. - The ex - factory price of coking coal produced in Wuhai, Inner Mongolia was 1,180.00 yuan/ton, unchanged. The basis of the JM main contract was 116.00 yuan/ton, up 42.50 yuan; the basis of the J main contract was 18.00 yuan/ton, up 45.50 yuan [2]. Upstream Situation - The clean coal output of 314 independent coal washing plants was 275,000 tons, up 7,000 tons; the clean coal inventory was 3.107 million tons, up 63,000 tons. The capacity utilization rate of 314 independent coal washing plants was 0.38%, up 0.01%. The raw coal output was 39.0497 million tons, up 0.951 million tons [2]. - The import volume of coal and lignite was 4.274 million tons, up 0.713 million tons; the daily average output of raw coal from 523 coking coal mines was 194,000 tons, up 4,100 tons. The inventory of imported coking coal at 16 ports was 4.9685 million tons, down 0.1847 million tons; the inventory of coke at 18 ports was 2.5726 million tons, down 0.0354 million tons [2]. - The total inventory of coking coal of all - sample independent coking enterprises was 9.9907 million tons, up 0.5866 million tons; the inventory of coke of all - sample independent coking enterprises was 0.6304 million tons, down 0.0337 million tons. The inventory of coking coal of 247 steel mills was 7.9607 million tons, up 0.0573 million tons; the inventory of coke of 247 steel mills was 6.6131 million tons, up 0.1664 million tons [2]. - The available days of coking coal for all - sample independent coking enterprises was 12.89 days, up 0.15 days; the available days of coke for 247 steel mills was 11.66 days, up 0.24 days. The import volume of coking coal was 1.01622 million tons, up 0.0555 million tons; the export volume of coke and semi - coke was 0.055 million tons, down 0.034 million tons [2]. - The output of coking coal was 4.08938 million tons, up 0.025 million tons; the capacity utilization rate of independent coking enterprises was 75.43%, down 0.44%. The profit per ton of coke for independent coking plants was - 34 yuan/ton, down 17 yuan/ton. The output of coke was 4.2597 million tons, up 0.0742 million tons [2]. Downstream Situation (National) - The blast furnace operating rate of 247 steel mills was 84.47%, up 0.47%; the blast furnace iron - making capacity utilization rate of 247 steel mills was 90.88%, up 0.50%. The crude steel output was 7.73686 million tons, down 0.22896 million tons [2]. Industry News - In July, affected by US tariff policies, the global economic and trade friction index reached 110, at a high level. The US, the EU, and Brazil had the highest global economic and trade friction indices among 20 monitored countries (regions), and the US had the largest amount of global economic and trade friction measures for 13 consecutive months [2]. - The eight - department joint plan aims for the average annual growth of the added value of the non - ferrous metal industry to be around 5% and the average annual growth of the output of ten non - ferrous metals to be around 1.5% from 2025 - 2026. It also emphasizes resource exploration and the innovation of advanced materials [2]. - The draft resolution proposed by Russia and China to extend the sanctions exemption for Iran was not passed in the UN Security Council. The UK representative said that the UN will re - impose sanctions on Iran on Saturday, and Iran warned that the West should bear the consequences [2]. - The automobile trade - in subsidy policy in Jiangsu Province was suspended at 24:00 on September 28, 2025 [2].
货币市场日报:9月28日
Xin Hua Cai Jing· 2025-09-29 03:38
Monetary Policy Operations - The People's Bank of China conducted a 7-day reverse repurchase operation amounting to 181.7 billion yuan at an interest rate of 1.40%, unchanged from previous operations [1] - The overnight and 7-day Shanghai Interbank Offered Rate (Shibor) slightly decreased, while the 14-day Shibor fell by over 10 basis points [1][2] Shibor Rates - As of September 28, the overnight Shibor decreased by 0.70 basis points to 1.3140%, the 7-day Shibor fell by 0.40 basis points to 1.4970%, and the 14-day Shibor dropped by 10.90 basis points to 1.5370% [2] Interbank Repo Market - In the interbank pledged repo market, the 7-day rates increased while the 14-day rates significantly decreased. The weighted average rates for DR001 and R001 fell by 0.6 basis points and 1.2 basis points, respectively, while DR007 and R007 rates rose by 2.4 basis points and 8.4 basis points [4] Market Conditions - On September 28, due to a holiday adjustment, most non-bank institutions were absent, leading to a relaxed funding environment. Overnight repo rates were around 1.45%, while rates for credit and certificates of deposit were between 1.90% and 1.95% [8] - A total of 44 interbank certificates of deposit were issued, with an actual issuance volume of 107.74 billion yuan [8] Secondary Market Activity - Trading sentiment in the secondary market was relatively quiet due to the holiday adjustment, with prices remaining stable compared to the previous trading day. The 1-month national bank stock ended at 1.66%, unchanged from the previous day [9]
贸促会:7月全球经贸摩擦指数升高
Xin Hua Wang· 2025-09-28 15:03
新华社北京9月28日电(记者邹多为)中国贸促会28日举行例行新闻发布会发布数据显示,受美国反复 调整关税政策影响,7月全球经贸摩擦再次升温。全球经贸摩擦指数由6月的92升至110,处于高位;7月 全球经贸摩擦措施涉及金额同比上升6.6%,环比上升27.6%。 同期,在监测范围内的20个国家(地区)中,美国、欧盟和巴西的全球经贸摩擦指数位居前三。其中, 美国的全球经贸摩擦措施涉及金额最多,连续13个月居首。 【纠错】 【责任编辑:张欣然】 ...
贸促会:美国反复调整关税政策致7月全球经贸摩擦再升温
Zhong Guo Xin Wen Wang· 2025-09-28 08:47
Core Insights - The global trade friction index reached 110 in July, indicating a high level of trade tensions, with trade friction measures involving an amount that increased by 6.6% year-on-year and 27.6% month-on-month [1] By Country - Among 20 monitored countries and regions, the United States, European Union, and Brazil had the highest global trade friction indices, with the U.S. leading in trade friction measures for 13 consecutive months [1] By Industry - The main industries affected by trade friction include electronics, chemicals, transportation equipment, machinery, pharmaceuticals, light industry, and non-ferrous metals, with the electronics sector having the highest trade friction index [1] China-related Trade Friction - The trade friction index related to China among 19 countries and regions was 107, indicating a high level of tension, with the U.S. having the highest index. Key sectors include drones, solar cells, and AI chips [1] - In July, the amount involved in trade friction measures related to China decreased by 16.4% year-on-year but increased by 11.9% month-on-month [1]
中国贸促会:受美国反复调整关税政策影响,全球经贸摩擦再次升温
Xin Hua Cai Jing· 2025-09-28 07:23
从分项指数看,在监测范围内的20个国家(地区)共发布76项进出口关税措施,发起19起贸易救济调 查,向WTO提交技术性贸易壁垒(TBT)通报和卫生与植物卫生措施(SPS)通报134项,发布进出口 限制措施32项,发布其他限制性措施197项。其中,进出口关税措施指数在五类分项措施指数中居首, 成为各经济体国际经贸谈判的关键筹码。 (文章来源:新华财经) 从行业指数看,在监测范围内13个主要行业中,经贸摩擦措施的冲突点聚焦于电子、化工、运输设备、 机械设备、医药、轻工和有色金属行业,其中电子行业经贸摩擦指数居首。 新华财经北京9月28日电 中国贸促会28日发布的数据显示,7月全球经贸摩擦指数为110,处于高位。受 美国反复调整关税政策影响,全球经贸摩擦再次升温。全球经贸摩擦措施涉及金额同比上升6.6%,环 比上升27.6%。 据中国贸促会新闻发言人王冠男介绍,从国别指数看,在监测范围内的20个国家(地区)中,美国、欧 盟和巴西的全球经贸摩擦指数位居前三,美国的全球经贸摩擦措施涉及金额最多,连续13个月居首。 ...
日均6个企业团组出国商务洽谈
Di Yi Cai Jing Zi Xun· 2025-09-28 06:05
Group 1 - The State Council emphasizes the need to strengthen support for enterprises going abroad and improve the overseas comprehensive service system [2][3] - The China Council for the Promotion of International Trade (CCPIT) reports an increase in the willingness of Chinese enterprises to expand internationally, with a significant rise in the number of business groups going abroad for negotiations [2][3] - Since 2024, the CCPIT has organized 2,249 batches of groups to visit 102 countries and regions, averaging six business groups traveling abroad daily for discussions [2][3] Group 2 - The CCPIT plans to enhance service resources across legal, financial, and logistics sectors, and establish comprehensive service ports and stations in key countries [3][4] - The CCPIT has approved 1,623 overseas exhibition projects this year, with a planned exhibition area of 950,000 square meters, and has executed 970 projects involving over 34,000 participating enterprises [4] - The CCPIT has established partnerships with international organizations to enhance legal services for enterprises, handling over 400 foreign-related cases and 6,570 mediation cases this year [4][5] Group 3 - The CCPIT has organized multiple training sessions for enterprises going abroad and has responded to over 20,000 inquiries through its trade law service [5] - The global economic and trade friction index reached 110 in July, indicating a high level of trade tensions, particularly influenced by U.S. tariff policy adjustments [6] - The CCPIT reports that the trade friction measures involving 20 monitored countries have increased by 6.6% year-on-year and 27.6% month-on-month [6][7]
日均6个企业团组出国商务洽谈
第一财经· 2025-09-28 06:00
2025.09. 28 本文字数:2015,阅读时长大约3分钟 作者 | 第一财经 高雅 近期,国务院常务会议强调,要着眼于为出海企业参与国际合作与竞争提供有力支撑,进一步完善海 外综合服务体系。 9月28日,中国贸促会在北京举行9月例行新闻发布会。中国贸促会新闻发言人王冠男在发布会上表 示,近年来,随着中国积极推进高水平制度型开放,加快构建"双循环"新发展格局,产业链供应链国 际合作持续深化。中国企业国际竞争力更强,国际视野更广,企业出海发展的意愿也更大。 "在当前国际经济合作和竞争局面正在发生深刻变化的大背景下,随着企业出海步伐加快,不确定、 难预料的因素也明显增加,企业对高质量海外综合服务的需求也越来越迫切。"王冠男称。 根据贸促会数据,自2024年以来,中国贸促会依托贸促会海外代表处和全球394个多双边工商合作 机制,开展服务企业的"千团出海"行动, 2024年,共组织2249批次团组赴102个国家和地区考察洽 谈,相当于平均每天有6个企业团组出国进行商务洽谈。 进一步完善海外综合服务体系 国务院常务会议指出,要着眼于为出海企业参与国际合作与竞争提供有力支撑,进一步完善海外综合 服务体系。统筹法律、金 ...
日均6个企业团组出国商务洽谈,贸促会:为中企搭建更多出海平台
Di Yi Cai Jing· 2025-09-28 05:43
今年以来,贸促会审批组展单位出国展览项目1623个,计划办展面积95万平方米。 近期,国务院常务会议强调,要着眼于为出海企业参与国际合作与竞争提供有力支撑,进一步完善海外 综合服务体系。 "在当前国际经济合作和竞争局面正在发生深刻变化的大背景下,随着企业出海步伐加快,不确定、难 预料的因素也明显增加,企业对高质量海外综合服务的需求也越来越迫切。"王冠男称。 根据贸促会数据,自2024年以来,中国贸促会依托贸促会海外代表处和全球394个多双边工商合作机 制,开展服务企业的"千团出海"行动,2024年,共组织2249批次团组赴102个国家和地区考察洽谈,相 当于平均每天有6个企业团组出国进行商务洽谈。 进一步完善海外综合服务体系 国务院常务会议指出,要着眼于为出海企业参与国际合作与竞争提供有力支撑,进一步完善海外综合服 务体系。统筹法律、金融、物流等领域服务资源,丰富服务产品,构建服务平台,支持有条件的地方打 造出海综合服务港,推动在重点国家建立海外综合服务站,增强商协会服务功能,培育一批跨境服务能 力强的专业服务机构。 王冠男表示,中国贸促会将按照党中央、国务院统一部署,配合相关部门主动开展工作,努力打通政策 ...