明日主题前瞻 1、快递 | 据国家邮政局消息，2025年10月中国快递发展指数为475.5，同比提升2.4%。其中发展规模指数、服务质量指数和发展能力指数分别为616.4、 705.2和240.7，同比分别提升5.6%、0.2%和1.7%。10月，行业旺季特征逐步显现，市场规模加速增长。网络运行质效提升，业务领域不断拓展，为保持消费 市场活力、促进经济向好发展发挥积极作用。 点评：研究机构认为，行业需求维持韧性增长，2025前三季度件量增速17.2%。价格方面，在反内卷推动下，单票价格第三季度环比已出现改善。 2、储能 | 国家发展改革委、国家能源局发布促进新能源消纳和调控的指导意见。到2030年，协同高效的多层次新能源消纳调控体系基本建立，持续保障新 能源顺利接网、多元利用、高效运行，新增用电量需求主要由新增新能源发电满足。满足全国每年新增2亿千瓦以上新能源合理消纳需求，助力实现碳达峰 目标。到2035年，适配高比例新能源的新型电力系统基本建成，新能源消纳调控体系进一步完善。 点评：研究机构认为，储能作为调节性资源，在促进新能源消纳方面作用不容小觑，储能将受益于光伏风电装机高增。目前从多个省份的实际情况来看 ...

据中证报报道，美国麻省理工学院物理学家在"魔角"扭转三层石墨烯（MATTG）中首次直接观测到非 常规超导性的关键证据，为实现室温超导起到了重要推动作用。MATTG由三层原子薄的石墨烯堆叠而 成，并以特定的魔角扭转，从而展现出一系列奇异的量子特性。 中证报指出，室温超导在接近室温条件下仍能工作。如能实现，那么零能耗输电电缆、高效电网乃至实 用量子计算系统等新技术将成为现实。魔角石墨烯作为二维材料领域的革命性突破已从 "现象发现"阶 段迈入"技术攻坚"与"应用拓展"并行的关键时期。随着技术迭代与政策支持，预计2030年前魔角石墨烯 将在特定领域实现规模化应用，成为推动全球科技革命的核心材料之一。 公司方面，据中证报表示，A股相关概念股有德尔未来、华丽家族等。 *免责声明：文章内容仅供参考，不构成投资建议 *风险提示：股市有风险，入市需谨慎 ...

Overnight Night Market Trends - International precious metal futures generally closed higher, with COMEX gold futures rising 0.42% to $4007.8 per ounce and COMEX silver futures rising 0.57% to $48.225 per ounce [5] - The main contract of US crude oil closed up 0.69% at $59.84 per barrel, down 1.87% for the week; the main contract of Brent crude oil rose 0.47% to $63.68 per barrel, down 1.68% for the week [6] - Most London base metals rose, with LME zinc up 0.69%, LME lead up 0.66%, LME aluminum up 0.54%, LME copper up 0.12%, LME nickel up 0.01%, and LME tin down 0.08% [6] - As of the close at 23:00 on November 7, domestic futures main contracts showed mixed results, with liquefied petroleum gas (LPG) and pulp rising nearly 1%, and coking coal falling nearly 2%, asphalt, coke, rapeseed meal, and glass falling more than 1% [7] Important Information Macroeconomic Information - The Ministry of Finance will implement a more proactive fiscal policy, continue to boost consumption, and encourage private investment [10] - As of November 7, the Shanghai Export Containerized Freight Index fell 55.6 points from the previous period, while the China Export Containerized Freight Index rose 3.6% [10] - The Dutch government welcomes China's statement on resuming supplies to Nexperia's Chinese factories, and believes that Chinese - supplied chips will reach customers soon [10] - In the first 10 months of this year, China's goods trade imports and exports increased steadily, with a total value of 37.31 trillion yuan, a year - on - year increase of 3.6% [11] - The US Bureau of Labor Statistics failed to release the October non - farm payrolls report due to the government shutdown [12] - The US Senate failed to pass a motion to advance the Specific Federal Employees Appropriations Act, and the government shutdown is difficult to lift [14] - The second paragraph of the Ministry of Commerce's Announcement No. 46 of 2024 is suspended from implementation until November 27, 2026 [15] - China's CPI turned from a 0.3% decline last month to a 0.2% increase, and PPI rose 0.1% month - on - month for the first time this year [15] - The source of the current global semiconductor supply chain chaos lies with the Dutch side, and China hopes the EU will urge the Dutch to revoke relevant measures [15] Energy and Chemical Futures - China's Customs总署 will resume importing US logs starting from November 10, 2025 [17] - In October, China's crude oil imports were 4835.7 million tons, and the cumulative imports from January to October increased by 3.1% year - on - year; refined oil imports decreased by 16.3% year - on - year; natural gas imports decreased by 6.2% year - on - year; refined oil exports decreased by 3.3% year - on - year [17] - Russia's crude oil production in October rebounded slightly but was still below its OPEC+ quota [18][19] - As of November 6, the methanol inventory at East China ports was 78.80 million tons, a month - on - month increase of 0.62 million tons [20] Metal Futures - The CSRC approved the registration of platinum, palladium futures and options at the Guangzhou Futures Exchange [22] - The Fed's Williams said the Fed may need to expand its balance sheet through bond purchases soon [22] - China's gold reserves at the end of October were 7409 million ounces, a month - on - month increase of 30,000 ounces, marking the 12th consecutive month of increase [22] - India's gold ETFs are seeing record capital inflows, with purchases this year approaching $3 billion [23] - In October 2025, Indonesia's ferronickel metal production increased by 22.52% month - on - month and 14.38% year - on - year [23] - The global platinum market is entering a period of continuous shortage [25] Black - Series Futures - The National Energy Administration issued guidelines for the integrated development of coal and new energy [27] - The inventory of imported iron ore at 45 ports in China increased by 356.35 million tons month - on - month, and the inventory at 47 ports increased by 351.20 million tons month - on - month [27] - The blast furnace operating rate of 247 steel mills increased by 1.38 percentage points week - on - week, while the ironmaking capacity utilization rate decreased by 0.80 percentage points week - on - week [28] - The total urban inventory of steel decreased by 3.09 million tons week - on - week [29] Agricultural Product Futures - China will resume the soybean import qualifications of three US companies starting from November 10, 2025 [32] - The FAO Food Price Index in October decreased by 2.1 points (1.6%) from September [32] - As of the week of November 7, the self - breeding and self - raising pig farming profit was a loss of 89.21 yuan per head, and the profit from purchasing piglets for breeding was a loss of 175.54 yuan per head [32] Financial Markets Finance - Last week, 418 listed companies disclosed institutional investor research records, with some companies receiving over 100 institutional visits [34] - The rise of TMT, non - ferrous metals, chemicals, and new energy sectors is affected by AI narratives, and the proportion of these sectors in institutional holdings exceeds 60% [34] - Last week, the three major A - share stock indexes showed a weak and volatile trend, but A - shares may still have resilience, and institutions suggest certain sectors for future allocation [36] - In November, the A - share market volatility increased, but corporate earnings are in a recovery stage [37] - Some fund managers increased their positions in Hong Kong stocks in the third quarter, especially in AI applications and innovative drugs [37] - Since 2025, 18 public funds REITs have been listed, with consumer infrastructure REITs performing well [37] Industry - The 2025 World Internet Conference Wuzhen Summit closed, with many new technologies on display [38] - Beijing plans to build a national data element comprehensive experimental area [38] - US physicists observed key evidence of unconventional superconductivity in "magic - angle" twisted trilayer graphene [40] - Changqing Oilfield's shale oil production exceeded 20 million tons, marking a new stage in China's onshore shale oil development [40] - The "Remote Sensing Satellite Multispectral Monitoring Dataset" completed data asset registration [40] Overseas - The US federal government shutdown has lasted for 40 days, and a potential agreement to end it is being reached [41] - Argentina plans to repurchase sovereign bonds and accumulate foreign exchange reserves [41] - South Korea plans to reduce the maximum dividend income tax rate from 35% to 25% [41] International Stock Markets - South Korea's stock market suffered the largest single - week sell - off by foreign investors in November [43] - US investors are increasingly buying Japanese technology and AI stocks [44] Bonds - As of November 9, the scale of various bonds issued by commercial banks this year has reached 2.88 trillion yuan [45] - Affected by market and policy factors, the bond market scale has shrunk, and the structure has changed significantly [45] Upcoming Events - At 7:50, Japan will release its October foreign exchange reserves [47] - At 13:00, Japan will release its preliminary September coincident and leading indicators [47] - At 17:30, the eurozone will release its November Sentix investor confidence index [47] - At 21:00, Canada will release its national economic confidence index as of November 7 [47] - The US will release its October Conference Board Employment Trends Index (to be determined) [47] - At 7:30, the Deputy Governor of the Reserve Bank of Australia will give a speech [49] - At 7:50, the Bank of Japan will release the summary of opinions of its Monetary Policy Meeting in October [49] - At 9:20, 78.3 billion yuan of 7 - day reverse repurchases of the People's Bank of China will expire [49] - At 15:00, the State Council will hold a regular policy briefing [49] - At 17:10, the Deputy Governor of the Bank of England will give a speech [49] - The domestic refined oil will open a new price adjustment window (to be determined) [49] - The King of Spain will conduct a state visit to China from November 10 to 13 (to be determined) [49] - The Bank of Japan's board member Nakagawa will give a speech (to be determined) [49]

Economic Indicators - In October, the CPI increased by 0.2% month-on-month and year-on-year, with the core CPI (excluding food and energy) rising by 1.2%, marking the sixth consecutive month of growth [2] - The PPI shifted from flat to a 0.1% increase month-on-month, the first rise of the year, while the year-on-year decline narrowed to 2.1%, a reduction of 0.2 percentage points from the previous month [2] Semiconductor Industry - The Chinese Ministry of Commerce responded to European statements regarding ASML, emphasizing that the source of global semiconductor supply chain disruptions lies with the Netherlands, and urging the EU to work towards normalizing supply [2] Employment and Industry Development - The Sichuan provincial government issued guidelines to enhance employment by promoting key industries such as AI, healthcare, and high-end energy equipment, aiming to create more job opportunities [4] Market Trends - Institutional research activity remained high, with 418 listed companies disclosing investor engagement, focusing on Q3 performance and Q4 opportunities [5] - A-shares exhibited weak fluctuations, with the Shanghai Composite Index hovering around 4000 points, supported by stable economic and policy expectations [6] - The market has seen increased volatility in November, with broker strategies indicating a positive medium-term outlook despite short-term fluctuations [6] REITs Performance - Since 2025, 18 public REITs have been listed, with consumer infrastructure REITs showing an average first-day increase of 20%, significantly higher than previous years [7] Corporate Announcements - Notable corporate activities include the establishment of a subsidiary by Industrial Bank, fundraising plans by Visionox, and project wins by Aerospace Huanyu [9] Internet and Data Management - The World Internet Conference attracted over 1600 attendees, showcasing advancements in AI and robotics [12] - Beijing's initiative to establish a comprehensive data factor market reform aims to enhance data management and innovation by 2027 [10] Global Economic Developments - The U.S. government shutdown has lasted 40 days, with potential economic growth impacts being discussed [14] - Argentina's economic minister announced plans for sovereign bond repurchases and foreign reserve accumulation [14] - South Korea is considering reducing the maximum tax rate on dividend income to stimulate the stock market [14]

据最新一期《科学》杂志报道，美国麻省理工学院物理学家在"魔角"扭转三层石墨烯（MATTG）中首 次直接观测到非常规超导性的关键证据，为实现室温超导这一目标起到了重要推动作用。 室温超导在接近室温条件下仍能工作。如能实现，那么零能耗输电电缆、高效电网乃至实用量子计算系 统等新技术将成为现实。科学家正致力于研究非常规超导体，这类材料的电子配对方式与传统理论不 同，可能在更高温度下保持超导特性，魔角石墨烯便是其中代表。 进一步的温度与磁场测试显示，该能隙具有独特的"V"形曲线，而常规超导体通常呈现平滑、对称的形 态。这种差异表明，MATTG中的电子配对方式与传统超导体完全不同，这意味着其超导机制必然不同 于传统类型。研究人员认为，这种电子紧密结合的特征，可能源于强电子相互作用，而非传统的晶格振 动机制，这对于未来实现室温超导至关重要。 新平台能实时观测二维材料中超导能隙的形成与演化，为研究不同体系中的电子配对机制提供了新的实 验手段。下一步，团队将利用该平台探索更多二维扭转结构和材料，有望揭示电子配对与量子态竞争的 本质，为设计新型高效超导体和量子计算材料提供思路。 （文章来源：科技日报） 2018年，麻省理工学院 ...

Core Insights - The research from MIT physicists provides crucial evidence for unconventional superconductivity in twisted trilayer graphene (MATTG), advancing the goal of achieving room-temperature superconductivity [1][2] - Room-temperature superconductivity could lead to innovations such as zero-energy transmission cables, efficient power grids, and practical quantum computing systems [1] Group 1: Research Findings - MATTG exhibits unique quantum properties due to its specific twisting angle, which has led to the emergence of a new research field known as "twisted electronics" [1] - The recent experiments combined electron tunneling measurements with electrical transport tests, revealing a superconducting energy gap only when the material is in a zero-resistance state [1] - Further temperature and magnetic field tests indicated a distinct "V"-shaped curve for the energy gap in MATTG, contrasting with the smooth, symmetric shape typically seen in conventional superconductors [2] Group 2: Implications for Future Research - The findings suggest that the electron pairing mechanism in MATTG differs fundamentally from traditional superconductors, potentially due to strong electron interactions rather than lattice vibrations [2] - The new experimental platform allows real-time observation of the formation and evolution of superconducting energy gaps in two-dimensional materials, providing a novel method for studying electron pairing mechanisms [2] - Future research will explore more twisted structures and materials, aiming to uncover the essence of electron pairing and quantum state competition, which could inform the design of new efficient superconductors and quantum computing materials [2]

Core Insights - A research team from the University of Washington has developed a quantum sensor that operates stably under extreme conditions exceeding 30,000 times atmospheric pressure, enabling high-sensitivity measurements of material stress and magnetism [1][2] Group 1: Quantum Sensor Development - The new quantum sensor utilizes neutron radiation to eject boron atoms from boron nitride sheets, creating vacancies that can immediately capture electrons [1] - The sensor's design allows it to be embedded within two-dimensional materials, with a distance of less than 1 nanometer from the material being studied, significantly enhancing signal resolution [1] Group 2: Applications and Implications - The sensor has demonstrated the ability to detect minute changes in the magnetic fields of two-dimensional magnets, maintaining stability and high sensitivity under high-pressure conditions [2] - This new sensor provides opportunities for superconductivity research, as it can collect more accurate quantum detection data under high pressure, which is crucial for studies related to room-temperature superconductors [2]

Industry Overview - Superconducting magnets utilize superconducting materials to achieve zero resistance at extremely low temperatures, generating strong magnetic fields through superconducting coils [1][2] - The global superconducting materials market is projected to reach €7.13 billion by 2025, with low-temperature superconductors dominating at 78% market share [1][9] - China has established a complete industrial chain for superconducting materials, with production expected to increase 5.5 times from 2018 to 2024, and the market size anticipated to exceed 9.2 billion yuan by 2025 [1][9] Types of Superconducting Magnets - Superconducting magnets are categorized into low-temperature superconductors (e.g., NbTi, Nb₃Sn) and high-temperature superconductors (e.g., YBCO) [3][4] - Low-temperature superconductors require liquid helium cooling and are widely used in MRI and particle accelerators, while high-temperature superconductors operate at liquid nitrogen temperatures, offering lower cooling costs and higher stability [3][4] Production Process - The production of superconducting magnets involves several key steps, including the preparation of superconducting wires, coil winding, integration of low-temperature systems, and rigorous testing [5][6] Market Dynamics - The superconducting materials market is experiencing significant growth, with low-temperature superconductors holding a dominant position due to their mature technology [9][12] - The Chinese superconducting materials industry has seen a compound annual growth rate of 32% since 2011, with a total production of 1,303.2 tons expected in 2024 [9][12] Competitive Landscape - The low-temperature superconducting market is primarily dominated by Western Superconducting Technologies, which holds a 95% market share in China [11][12] - In the high-temperature superconducting sector, companies like Shanghai Superconductor and Fujikura are emerging as key players, with Shanghai Superconductor achieving significant production capacity [16][17] Future Trends - The Chinese superconducting magnet industry is expected to focus on technological breakthroughs, application expansion, and collaborative development across the supply chain [17][18] - Key developments include improvements in high-temperature superconducting material production efficiency and cost reduction, as well as the commercialization of superconducting applications in medical, energy, and transportation sectors [18][19][20]

Group 1 - The commercialization of room-temperature superconductors is still in its early stages, with significant challenges ahead including feasibility, application conditions, and cost [2] - Superconductors are considered superior to conventional conductors, and their development is crucial for various industries, including energy and computing [2] - Companies are observing the developments in superconducting technology and view it as an important research direction, with some already planning strategic investments [2] Group 2 - The global superconducting market was valued at 40.593 billion yuan in 2022 and is projected to reach 61.821 billion yuan by 2028, indicating significant growth potential [3] - The demand for semiconductor and superconducting materials in major sectors like AI and heavy equipment is driving the focus on new material industries [3] - Domestic superconducting industry is expected to experience rapid growth in the coming years, driven by independent innovation [3]

Core Viewpoint - Recent research by Chinese scientists has provided new insights into the structural transformation of hydrogen under extreme pressure, moving closer to the potential discovery of metallic hydrogen, which could have significant implications for various fields, including superconductivity and astrophysics [2][3][9]. Group 1: Scientific Discovery - The Beijing High-Pressure Science Research Center, led by Academician Mao Heguang, published findings in *Nature* revealing the complex arrangement of solid hydrogen at pressures between 212-245 GPa, marking the most detailed observation of solid hydrogen to date [3]. - The transition of hydrogen from gas to liquid and then to solid under increasing pressure involves a significant change in molecular arrangement, with solid hydrogen exhibiting ordered structures at high pressures [4][5]. Group 2: Methodology - The research utilized a diamond anvil cell to create the necessary high-pressure environment, allowing scientists to compress hydrogen to extreme levels [5][7]. - Advanced techniques, including synchrotron radiation, were employed to capture the structural changes of hydrogen, enabling researchers to observe how hydrogen atoms arrange themselves under pressure [8]. Group 3: Implications of Metallic Hydrogen - Metallic hydrogen is anticipated to exhibit electrical conductivity, potentially functioning as a room-temperature superconductor, which could revolutionize energy transmission and various technological applications [9][10]. - Understanding metallic hydrogen may also provide insights into the internal structures of gas giants like Jupiter and Saturn, contributing to broader astrophysical theories regarding planetary formation and evolution [10].