【重点关注】 ·据证券时报，全国多地多措并举、加强管控，严防战略矿产非法外流。其中，国家出口管制工作协调 机制办公室《加强战略矿产出口全链条管控工作总体部署》按流程审批后印发实施，贵州将严格按照 《总体部署》分工，做好相关工作；湖南省相关主管部门表示，将认真落实属地监管责任，对湖南战略 矿产出口企业进行系统摸排并建立台账，指导企业加强合规制度建设，提高企业合规意识和能力，确保 管控措施落实到位；而广西将持续做好国家战略性矿产勘查开采的监督管理，加大对无证开采、越界开 采、以采代探等非法采矿行为的查处力度，坚决防止非法开采战略性矿产非法外流。 ·数据显示，5月，上海一二手住房合计成交223万平方米，同比增长17%。今年1-5月，上海房地产市 场"量升价稳"特征凸显。 ·商务部新闻发言人就美方有关言论答记者问：中方坚决拒绝无理指责 ·5月26日-6月1日全国货运物流有序运行 ·多地多措并举严防战略矿产非法外流 ·日本首相：无意在美国关税问题上让步 ·现货黄金本周开盘走高 【国内要闻】 ·商务部新闻发言人表示，美单方面不断挑起新的经贸摩擦，加剧双边经贸关系的不确定性、不稳定 性，不仅不反思自身，反而倒打一耙，无端指 ...

Group 1 - The article highlights the measures taken by various regions in China to strengthen the control and prevent the illegal outflow of strategic minerals [1] - The National Export Control Work Coordination Mechanism Office has issued a comprehensive deployment plan to enhance the management of strategic mineral exports [1] - Guizhou province will strictly follow the deployment plan to ensure proper implementation of related work [1] Group 2 - Hunan province's relevant authorities will implement local regulatory responsibilities, systematically assess strategic mineral export enterprises, and establish a ledger [1] - The focus will be on guiding enterprises to enhance compliance systems and awareness to ensure the effectiveness of control measures [1] - Guangxi will intensify supervision and management of national strategic mineral exploration and mining, cracking down on illegal mining activities [1] Group 3 - The cities of Wuzhou in Guangxi and Yunfu in Guangdong have established a cross-regional cooperation mechanism to combat illegal mining activities [1] - Other provinces like Jiangxi and Yunnan have also committed to fulfilling their responsibilities in implementing these measures [1]

稀土（资料图） 美国商务部（资料图） 为了防止美国反悔或者耍滑，中方重申了一个关键问题。据商务部网站显示，10部门和7省份在湖南省长沙市召开了加强战略矿产出口全链条管控工作部署 会。而在这之前中方已经注意到稀有金属的"走私问题"，因此采取了一些措施，此次工作会更是一次统一战线，严防死守战略矿产安全的会议。虽然现在中 美通过谈判相互取消了大幅关税，但是美国依旧没有就某些问题低头认错，那么在这之前，中方一定不会放宽稀有金属和战略矿产资源的管控。 同时可以看到，在联合声明中，无论中方版本还是美方版本，都重复使用了"相互开放""继续沟通""合作""相互尊重"等词汇。这样的表述不仅体现了语言上 的对等，也意味着双方在经贸问题上的某种认知趋同。不难看出，这次焦点表面是关税问题，但实际上，根本矛盾仍是美国不愿接受中国的发展速度——中 国始终主张合作共赢，而美方过去的做法则更多是通过极限施压来压制中国，这种做法已经无法适应当前全球经济发展的现实。 据台海网报道，在中美将大幅暂缓对彼此商品加征的关税之际，美国《华尔街日报》12日刊发社论"特朗普关税大撤退"，直言美国总统挑起的贸易战已经失 败，与中国达成的协议更像是特朗普的投降 ...

Investment Rating - The report maintains a rating of "Outperform the Market" for the industry [4] Core Insights - The recent decrease in tungsten quotas by 4,000 tons in April, combined with seasonal production lows and environmental inspections, has led to a tightening supply and a significant increase in tungsten prices, reflecting its strategic value [1][3] - A meeting in Changsha emphasized the need for stricter regulation of strategic mineral exports, indicating a focus on controlling the entire supply chain from extraction to export [1][2] - The market for antimony is experiencing price adjustments due to weak downstream demand, despite a tight supply situation [2][14] - Molybdenum prices are supported by strong demand from the manufacturing sector, with a notable increase in procurement volumes [9][11] Summary by Sections Molybdenum - Molybdenum concentrate prices have risen to 3,505 CNY/ton, up 5.7% from previous lows, indicating robust demand from the manufacturing sector [9][11] - The total procurement volume for molybdenum iron steel exceeded 7,600 tons in early May, reflecting ongoing strong demand [11] Antimony - Antimony prices have seen a decline, with 2 antimony ingot prices at 219,000 CNY/ton, down 4.3% from the previous week, due to weak demand in downstream industries [2][14] - The supply remains tight, but the market is cautious with purchasing decisions [15] Magnesium - The average price of magnesium ingots has increased to 18,780 CNY/ton, with a 9.3% decrease in total inventory, indicating a tightening supply situation [19][20] Tungsten - The average price of black tungsten concentrate has risen to 167,500 CNY/ton, reflecting a 10% increase, driven by reduced quotas and supply constraints [3][22] - The APT price has also increased significantly, indicating a recovery in profitability for producers [3][22] Vanadium - The vanadium market remains stable with prices for vanadium pentoxide holding steady at 76,500 CNY/ton, reflecting a cautious market environment [27][29]

021-60635736 zhaihepan@ccb.ccbfutures.com 期货从业资格号：F3033782 投资咨询证书号：Z0014484 021-60635735 niejiayi@ccb.ccbfutures.com 期货从业资格号：F03124070 021-60635727 fengzeren@ccb.ccbfutures.com 期货从业资格号：F03134307 报告类型 钢材日评 日期 2024 年 5 月 15 日 黑色金属研究团队 研究员：翟贺攀 研究员：聂嘉怡 研究员：冯泽仁 5 月 14 日，螺纹钢、热卷期货主力合约 2510 低开高走，大幅上行；不锈钢 期货主力合约 2507 震荡上行。 表2：5月14日黑色系期货持仓情况（单位：手、%） | 合约 | 前 20 多头 | 前 20 空头 | 前 20 多头 | 前 20 空头 | 多空 | 偏离度 | | --- | --- | --- | --- | --- | --- | --- | | | 持仓 | 持仓 | 持仓变化 | 持仓变化 | 对比 | | | RB2510 | 1,323,132 | 1,302,920 ...