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。 铝类产业日报 2025/11/18 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 | 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) 主力-连二合约价差:沪铝(日,元/吨) | 21,465.00 -60.00 | -260.00↓ 氧化铝期货主力合约收盘价(日,元/吨) +80.00↑ 主力-连二合约价差:氧化铝(日,元/吨) | 2,780.00 -61.00 | -37.00↓ +21.00↑ | | | 主力合约持仓量:沪铝(日,手) | 356,547.00 | -34312.00↓ 主力合约持仓量:氧化铝(日,手) | 405,009.00 | + ...

记者｜ 葛慧 今日（11月17日），乘联分会秘书长崔东树披露的数据显示，2025年10月份，汽车消费额4255亿 元、同比降7%；1~10月，汽车消费额40009亿元、同比降0.2%。同期，汽车生产和投资仍实现了同 比增长。1～10月，汽车产量为2733万辆，同比增11%；汽车投资同比增速达到了17.5%，近两年汽 车投资超预期地强，处于近年1～10月历史高位，也远高于其它制造业行业的投资增速。 相关阅读： 10月新能源新车降价幅度超11% 编辑丨钉钉 ...

（文章来源：第一财经） 今日，乘联分会秘书长崔东树披露的数据显示，2025年10月份，汽车消费额4255亿元、同比降7%； 1~10月，汽车消费额40009亿元、同比降0.2%。同期，汽车生产和投资仍实现了同比增长。1～10月， 汽车产量为2733万辆，同比增11%；汽车投资同比增速达到了17.5%，近两年汽车投资超预期地强，处 于近年1～10月历史高位，也远高于其它制造业行业的投资增速。 ...

Core Insights - The chairman of Hyundai Motor Group announced plans to invest 125 trillion Korean won (approximately 86.2 billion USD) in South Korea from 2026 to 2030 [1] - The company aims to double its export volume of electric vehicles and hybrid vehicles by 2030 [1] Investment Plans - Hyundai Motor Group's investment of 125 trillion Korean won is set for the period from 2026 to 2030 [1] - This significant investment reflects the company's commitment to expanding its operations and capabilities in the automotive sector [1] Export Goals - By 2030, Hyundai plans to increase its export volume of electric and hybrid vehicles by more than 100% [1] - This goal indicates a strategic focus on enhancing the company's presence in the global electric vehicle market [1]

Core Insights - The automotive industry in China is experiencing a strong recovery, driven by the implementation of vehicle replacement policies and a significant increase in new energy vehicle production [1][2][5] Group 1: Automotive Consumption - In September 2025, the total retail sales of consumer goods reached 41,971 billion yuan, with automotive consumption accounting for 4,711 billion yuan, a year-on-year increase of 2% [1][28] - From January to September 2025, total retail sales of consumer goods amounted to 365,877 billion yuan, growing by 4.5%, while automotive consumption reached 35,923 billion yuan, a year-on-year increase of 1% [1][28] - Since the decline of the real estate market in 2021, automotive consumption has risen from 3.94 trillion yuan in 2020 to 5.03 trillion yuan in 2024, indicating a recovery from previous stagnation [5][26] Group 2: Automotive Production - In September 2025, automotive production reached 3.23 million units, a year-on-year increase of 14%, with new energy vehicles accounting for 1.58 million units produced, up 20% [1][19] - From January to September 2025, total automotive production was 24.05 million units, an 11% increase year-on-year, with new energy vehicles at 1.096 million units, a 30% increase [1][19] - The penetration rate of new energy vehicles in September 2025 reached 49%, up from 46% in the same period last year [1][19] Group 3: Investment Trends - In the first nine months of 2025, automotive investment grew by 19.2%, significantly outpacing the overall industrial investment growth of 6.4% [21][22] - The automotive investment in 2025 is at its highest level in six years, indicating a strong recovery in the sector [22] Group 4: Economic Context - The external environment remains complex, with challenges such as unilateralism and protectionism impacting supply chains, while domestic economic recovery is still fragile [2] - The automotive industry is expected to face significant pressure in 2026, necessitating long-term supportive policies to sustain growth [2][26]