申万宏源近期表示，造船标的普遍处于低估值水位。中国船舶（600150）、中船防务H的手持订单金额 约560亿、70亿美元，市值订单比0.65、0.36倍，处于历史相对低位。方正证券此前指出，中船防务是中 船集团旗下大型骨干造船企业和国家核心军工生产企业，在手订单充足，盈利能力有望随高价船交付稳 定兑现。 消息面上，根据知名造船和海运研究机构克拉克森研究最新数据，今年10月，全球新船订单成交量为 291万修正总吨（CGT），按CGT计比去年同期的471万CGT下降了38%。其中，中国船企承接新船订单 98艘213万CGT，全球市场占有率为73%，位居榜首。此外，中泰证券（600918）近日研报指出，地缘 局势不确定性加剧，军工板块关注度有望提升。 中船防务（600685）(00317)盘中拉升，现涨超5%，截至发稿，涨5.14%，报15.55港元，成交额1.98亿 港元。 ...

Group 1 - Gold prices reached historical highs, with London spot gold peaking at $3508.69 per ounce and COMEX gold futures at $3578.4 per ounce on September 2 [1][4] - A-share gold concept stocks saw significant investment interest, with companies like Western Gold experiencing substantial gains [2][8] - Analysts suggest that gold prices have further upside potential due to rising expectations of Federal Reserve interest rate cuts, geopolitical uncertainties, and concerns over the Fed's independence [3][10] Group 2 - International silver prices also surged, with London spot silver reaching $40.848 per ounce and COMEX silver futures hitting $41.995 per ounce [7] - The gold jewelry index increased by over 2%, with individual stocks like Western Gold and Laishen Tongling hitting their daily limit [8][9] - Analysts expect a strong performance for precious metals in the near term, supported by factors such as Fed rate cut expectations, increased geopolitical risks, and positive market sentiment following technical breakthroughs [10][11]

Core Viewpoint - International gold prices have recently surged, reaching historical highs due to multiple favorable factors, including expectations of interest rate cuts by the Federal Reserve and geopolitical uncertainties [1] Group 1: Price Movements - As of September 2, 2023, London spot gold prices peaked at $3508.69 per ounce, while COMEX gold futures reached $3578.4 per ounce, both setting new historical records [1] - The recent price movements indicate a breakthrough of key resistance levels for precious metals [1] Group 2: Influencing Factors - The rise in gold prices is primarily supported by three fundamental factors: 1. Ongoing expectations for interest rate cuts by the Federal Reserve [1] 2. Increased risk from geopolitical tensions, which has heightened safe-haven demand [1] 3. A surge in speculative sentiment following technical breakthroughs in price [1]

能源化工 纯苯&苯乙烯日报 价格：8 月 26 日苯乙烯主力合约收跌 1.00%，报 7257 元/吨，基差 68 （+43 元/吨）；纯苯主力合约收跌 0.81%，报 6156 元/吨。 成本：8 月 26 日布油主力收盘 64.8（+1.1 美元/桶），WTI 原油主力合约收 盘 68.8 桶（+1.1 美元/桶），华东纯苯现货报价 6072.5 元/吨（+0 元/吨）。 库存：苯乙烯样本工厂库存 20.3 万吨（-0.3 万吨），环比去库 1.1%，江苏 港口库存 16.2 万吨（+1.3 万吨），环比累库库 8.5%，苯乙烯恢复累库。 纯苯港口库存 14.4 万吨（-0.2 万吨），环比去库 1.1%。 通惠期货•研发产品系列 2025 年 8 月 27 日 星期三 纯苯供应宽松苯乙烯累库，中期承压回落 一、 日度市场总结 通惠期货研发部 （1）基本面 供应：苯乙烯 8 月底将有装置检修，供应或有减少。目前，苯乙烯周产量 37.1 万吨（+0.2 万吨），工厂产能利用率 78.5%（+0.3%）。 需求：下游 3S 开工率变化不一，其中 EPS 产能利用率 61.0%（+2.9%）， ABS 产能利用 ...