盘面上，大型科技股午后跌幅收窄明显，小米收跌5.7%，曾一度跌近9%，京东跌3.6%，百度跌 2.14%，腾讯、美团、阿里巴巴跌幅在2%以内；关税贸易摩擦或再度升级，消费电子概念股跌幅居前， 苹果概念股鸿腾精密大跌近8%，蓝思科技(300433)跌超6%；新能源汽车股、濠赌股、教育股、内险 股、家电股、航空股、中资券商股等纷纷走低。 另一方面，午后半导体芯片股、黄金股集体转涨，其中，华虹半导体大涨8%，中芯国际涨超3%，赤峰 黄金(600988)、紫金黄金国际大涨超9%，稀土概念股金力永磁(300748)全天强势收涨13%，软件类股、 风电股、军工股、海运股部分表现活跃。(格隆汇) (责任编辑：宋政 HN002) 格隆汇10月13日｜港股午后跌幅持续收窄，恒生指数收跌1.52%报25889点，盘中曾一度跌至3.6%，国 企指数、恒生科技指数分别下跌1.45%及1.82%，恒科指曾大跌近5%，三大指数总体呈现探底回升行 情，恒指基本收在全天最高点。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作 ...

格隆汇10月13日｜港股午后跌幅持续收窄，恒生指数收跌1.52%报25889点，盘中曾一度跌至3.6%，国 企指数、恒生科技指数分别下跌1.45%及1.82%，恒科指曾大跌近5%，三大指数总体呈现探底回升行 情，恒指基本收在全天最高点。 盘面上，大型科技股午后跌幅收窄明显，小米收跌5.7%，曾一度跌近9%，京东跌3.6%，百度跌 2.14%，腾讯、美团、阿里巴巴跌幅在2%以内；关税贸易摩擦或再度升级，消费电子概念股跌幅居前， 苹果概念股鸿腾精密大跌近8%，蓝思科技跌超6%；新能源汽车股、濠赌股、教育股、内险股、家电 股、航空股、中资券商股等纷纷走低。 另一方面，午后半导体芯片股、黄金股集体转涨，其中，华虹半导体大涨8%，中芯国际涨超3%，赤峰 黄金、紫金黄金国际大跌超9%，稀土概念股金力永磁全天强势收涨13%，软件类股、风电股、军工 股、海运股部分表现活跃。(格隆汇) ...

Group 1: Report Summary - The report is a daily analysis of Shanghai Aluminum futures, covering the market situation on June 3, 2025 [1][3] - The research analyst is Cao Baiquan with consulting certificate number Z0019820 [2] Group 2: Market Performance - On June 3, 2025, the price of the Shanghai Aluminum main contract showed a downward trend, and the trading volume increased compared to the previous trading day [3] - The position of al2507 was 191,144 lots, and the trading volume was 183,523 lots [3] Group 3: Macro - economic Factors - The Trump administration in the US announced to raise steel and aluminum tariffs to 50%, which intensified global trade uncertainty and put short - term pressure on aluminum prices [3] - China's manufacturing PMI rebounded in May, and export indicators improved, partially offsetting overseas negatives and limiting the decline of aluminum prices [3] Group 4: Supply and Demand - China's electrolytic aluminum operating capacity reached 4,319 million tons, approaching the 4,500 million - ton policy ceiling. There was a small - scale resumption of production during the wet season in the southwest, but overall flexibility was insufficient [3] - Orders from the State Grid drove the high - level operation rate of aluminum cables, supporting short - term rigid demand [3] - In the photovoltaic sector, profile orders declined significantly after the end of the rush - installation period. Automotive aluminum demand is expected to weaken in mid - to - late June, and aluminum use in the construction and real estate sector remained sluggish [3] Group 5: Technical Analysis - The Shanghai Aluminum main contract 2507 showed a medium - sized negative candlestick during the day, breaking below the moving average system. The MACD indicator formed a death cross, the BOLL line fell below the middle track, and funds slightly reduced positions, indicating strong short - selling power during the day [3] Group 6: Market Outlook - In the short term, macro - level tariff and trade frictions have a negative impact on aluminum prices. If the off - season demand is too weak, prices may continue to decline [3] - Considering the support of low inventory and export rush on prices, aluminum prices are expected to continue to fluctuate within a range [3]