《每日经济新闻》记者在现场注意到，有记者提问，今年是否考虑上调赤字率红线，或者增发特别国债来弥补疫情冲击所带来的收支缺口？ 每经记者｜周程程 每经编辑｜陈星 3月5日，国务院联防联控机制就有效应对新冠肺炎疫情影响加强地方财政"三保"工作有关情况举行发布会。 许宏才指出，另外一方面，聚焦受疫情影响的行业和领域，继续研究出台阶段性有针对性的措施，优化支出结构，加大对地方转移支付的力度，把疫情的影 响降到最低。 许宏才表示，研究阶段性的措施和政策，还要研究出台符合供给侧结构性改革方向的长期举措，推动经济高质量发展。通过系统谋划，落实落细积极的财政 政策，做到防控疫情和推动经济社会发展两手抓，确保完成全年经济社会发展目标任务，确保全面建成小康社会和"十三五"规划圆满收官。 许宏才强调，财政收入与经济运行密切相关，我国经济发展潜力大、韧性强，长期向好的趋势没有变，结构调整的空间和回旋的余地都比较大。随着疫情形 势的好转，经济回暖向好，财政收支的矛盾也会得到缓解。 值得注意的是，许宏才指出，财政赤字的确定，需要综合考虑经济形势、宏观调控需要、财政收支状况等各种因素，同时也要经过全国人大审议等法定程 序。"我们将按照党中央 ...

3月3日，国务院联防联控机制就为疫情防控和复工复产提供财税政策支持有关情况召开新闻发布会。 每经记者｜张蕊 每经编辑｜陈旭 "目前，我国财政收支的总体规模比较大，财政收支结构调整空间和回旋余地也比较大。今年各级财政部门在研究提出预算安排时，与往年一样，已经考虑 了一些不确定因素。目前看，疫情防控支出是有保障的，疫情对财政收支的影响总体是可控的。" 符金陵表示，下一步，财政部将统筹做好疫情防控和经济社会发展的工作，按照党中央的要求，让积极的财政政策更加积极有为，进一步调整财政支出结 构，加大对地方的转移支付力度，特别是加大对湖北等受疫情影响较大省份的支持力度，确保地方疫情防控和民生支出得到保障。 "我们也努力通过综合性的财税措施，把疫情对财政收支的影响降到最低。"符金陵强调。 封面图片来源：央视新闻截屏图 发布会现场 每经记者 张蕊 摄 每经记者在发布会现场提问 图片来源：央视新闻截屏画面 《每日经济新闻》记者在发布会现场提问：疫情发生后，湖北以及受疫情影响比较大的省份财政收支受到阶段性冲击，目前地方政府的财政支出压力得到多 大程度的缓解？ 对此，财政部社会保障司司长符金陵回应表示，客观来说，这次疫情对湖北省以 ...

央广网北京11月18日消息 据中央广播电视总台中国之声《新闻和报纸摘要》报道，财政部昨天 （17日）发布的最新数据显示，今年1月—10月，全国财政收入18.65万亿元，同比增长0.8%，增幅比1 月—9月提高0.3个百分点。10月单月，全国财政收入2.26万亿元，同比增长3.2%，月度增幅继续提高。 前10个月（1月—10月），全国财政支出22.58万亿元，同比增长2%。各级财政落实更加积极的财 政政策，加大支出强度，优化支出结构，持续加强对重点领域的支出保障。其中，社会保障和就业支出 增长9.3%，科学技术支出增长5.7%，教育支出增长4.7%。 ...

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core Viewpoints - The price of ferronickel has dropped significantly recently, leading to a decrease in raw material costs. The production profit of steel mills has been restored, and stainless - steel mills are expected to increase production, resulting in increased supply pressure. - The demand in the off - peak season is weak, with low market purchasing willingness and general inquiry and transaction performance. The national stainless - steel social inventory shows a narrow increase. - Technically, with an increase in positions and a decline in price, the bearish sentiment is strong, and the price is at the lower edge of the downward channel. It is expected that the stainless - steel futures price will fluctuate weakly, and attention should be paid to the MA10 pressure [2]. 3. Summary by Relevant Catalogs Futures Market - The closing price of the stainless - steel futures main contract is 12,415 yuan/ton, with a month - on - month increase of 35 yuan/ton; the spread between the 12 - 01 contracts is - 80 yuan/ton, with a month - on - month increase of 15 yuan/ton. - The net long position of the top 20 futures holders is - 16,376 lots, with a month - on - month increase of 983 lots; the position of the main contract is 172,728 lots, with a month - on - month increase of 4,992 lots. - The warehouse receipt quantity is 69,289 tons, with a month - on - month decrease of 1,076 tons [2]. 现货市场 - The price of 304/2B coil (trimmed edge) in Wuxi is 13,350 yuan/ton, with no month - on - month change; the market price of scrap stainless steel 304 in Wuxi is 8,850 yuan/ton, with no month - on - month change. - The basis of the SS main contract is 455 yuan/ton, with a month - on - month decrease of 85 yuan/ton [2]. Upstream Situation - The monthly electrolytic nickel output is 29,430 tons, with an increase of 1,120 tons; the total monthly ferronickel output is 21,700 metal tons, with a decrease of 300 metal tons. - The monthly import volume of refined nickel and alloys is 28,570.87 tons, with an increase of 4,144.03 tons; the monthly import volume of ferronickel is 1.0853 million tons, with an increase of 211,200 tons. - The spot price of SMM1 nickel is 118,700 yuan/ton, with a month - on - month decrease of 900 yuan/ton; the average price of ferronickel (7 - 10%) nationwide is 910 yuan/nickel point, with no month - on - month change. - The monthly output of Chinese ferrochrome is 757,800 tons, with a decrease of 26,900 tons [2]. Industry Situation - The monthly output of 300 - series stainless steel is 1.7627 million tons, with an increase of 24,800 tons; the total weekly inventory of 300 - series stainless steel is 591,200 tons, with an increase of 20,400 tons. - The monthly export volume of stainless steel is 458,500 tons, with a decrease of 29,500 tons [2]. Downstream Situation - The cumulative monthly new housing construction area is 453.99 million square meters, with an increase of 55.9799 million square meters. - The monthly output of excavators is 31,600 units, with an increase of 4,000 units; the monthly output of large and medium - sized tractors is 26,200 units, with a decrease of 500 units; the monthly output of small tractors is 10,000 units, with an increase of 1,000 units [2]. Industry News - Li Qiang chaired an executive meeting of the State Council to deploy policies and measures to enhance the adaptability of consumer goods supply and demand and further promote consumption. The Ministry of Finance will effectively implement a proactive fiscal policy, adhere to expanding domestic demand, and support the construction of a strong domestic market. - China released its October economic data, showing that the growth rates of industry, social consumer goods retail, investment, and real - estate sales were all lower than the previous values to varying degrees. - The schedule for important US data has been determined: the September non - farm payrolls will be released on November 20th, and the PCE, the Fed's preferred indicator, will be released on November 26th. There is a split within the Fed regarding inflation and interest - rate policies [2].

需采购为主，现货升水上涨；海外LME库存亦呈现增长。预计镍价震荡弱势运行。技术面，持仓增量价格 下跌，空头氛围升温，关注11.7关口争夺。观点参考：预计短线沪镍震荡偏弱，关注MA5压力。 免责声明 | | | 沪镍产业日报 2025-11-17 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:沪镍(日,元/吨) | 116750 | -330 12-01月合约价差:沪镍(日,元/吨) | -200 | 0 | | | LME3个月镍(日,美元/吨) | 14880 | -75 主力合约持仓量:沪镍(日,手) | 107341 | -4908 | | | 期货前20名持仓:净买单量:沪镍(日,手) | -34387 | -2282 LME镍:库存(日,吨) | 252090 | 120 | | | 上期所库存:镍(周,吨) | 40573 | 3386 LME镍:注销仓单:合计(日,吨) | 13992 | 108 | | | 仓单数量:沪镍(日,吨) | 3582 ...

1. Report Industry Investment Rating - No information provided in the report 2. Core View of the Report - Zinc ore imports in China have increased due to the arrival of long - term agreement ores and raw material reserves for winter production. However, domestic zinc ore processing fees have been cut, and sulfuric acid prices have dropped, significantly squeezing smelters' profits, with some incurring losses. Although new production capacities are being released, the growth of refined zinc output is limited. Overseas zinc supply is tight, the Shanghai - London ratio has dropped sharply, and the export window has opened, with a shift to net exports expected. On the demand side, the traditional peak season effect was weak, the real - estate sector was a drag, while policies in the automotive and home - appliance sectors brought some bright spots. The recovery of downstream demand was insufficient, with the market mainly making on - demand purchases at low prices. Domestic inventories decreased slightly, and LME zinc de - stocking slowed down. Technically, with stable positions and price adjustments, there was more divergence between bulls and bears. It is expected that Shanghai zinc will fluctuate and adjust, with attention on the range of 2.22 - 2.26 [3] 3. Summary by Related Catalogs 3.1 Futures Market - The closing price of the Shanghai zinc main contract was 22,465 yuan/ton, up 40 yuan; the 12 - 01 contract spread of Shanghai zinc was - 25 yuan/ton, up 15 yuan. The LME three - month zinc quote was 3,014.5 dollars/ton, down 26 dollars. The total position of Shanghai zinc was 217,728 lots, down 8,952 lots; the net position of the top 20 in Shanghai zinc was 8,214 lots, down 2,748 lots. Shanghai zinc warehouse receipts were 76,861 tons, up 5,108 tons. The SHFE inventory was 100,892 tons, up 684 tons; the LME inventory was 38,975 tons, up 1,175 tons [3] 3.2现货市场 - The spot price of 0 zinc on the Shanghai Non - ferrous Metals Network was 22,400 yuan/ton, down 90 yuan; the spot price of 1 zinc in the Yangtze River Non - ferrous Metals Market was 22,170 yuan/ton, down 70 yuan. The basis of the ZN main contract was - 65 yuan/ton, down 130 yuan; the LME zinc premium (0 - 3) was 175.85 dollars/ton, up 54.36 dollars. The arrival price of 50% zinc concentrate in Kunming was 18,320 yuan/ton, down 150 yuan; the price of 85% - 86% crushed zinc in Shanghai was 15,950 yuan/ton, down 50 yuan [3] 3.3 Upstream Situation - The WBMS zinc supply - demand balance was - 27,800 tons, down 5,700 tons; the ILZSG zinc supply - demand balance was 47,900 tons, up 17,700 tons. The global zinc ore production by ILZSG was 1.0976 million tons, up 21,400 tons. Domestic refined zinc production was 651,000 tons, up 34,000 tons. Zinc ore imports were 505,400 tons, up 38,100 tons [3] 3.4 Industry Situation - Refined zinc imports were 22,677.51 tons, down 2,979.32 tons; refined zinc exports were 2,477.83 tons, up 2,166.92 tons. The social inventory of zinc was 160,800 tons, down 900 tons [3] 3.5 Downstream Situation - The output of galvanized sheets was 2.32 million tons, up 10,000 tons; the sales of galvanized sheets were 2.28 million tons, down 90,000 tons. The new housing construction area was 453.99 million square meters, up 55.9799 million square meters; the housing completion area was 311.2888 million square meters, up 34.3534 million square meters. Automobile production was 3.227 million vehicles, up 474,600 vehicles; air - conditioner production was 18.0948 million units, up 1.276 million units [3] 3.6 Option Market - The implied volatility of at - the - money call options on zinc was 11.84%, down 0.25 percentage points; the implied volatility of at - the - money put options on zinc was 11.84%, down 0.25 percentage points. The 20 - day historical volatility of at - the - money zinc options was 10.03%, up 0.73 percentage points; the 60 - day historical volatility of at - the - money zinc options was 9.31%, up 0.37 percentage points [3] 3.7 Industry News - Li Qiang chaired an executive meeting of the State Council to deploy policies to enhance the adaptability of consumer goods supply and demand and further promote consumption. The Ministry of Finance will implement a proactive fiscal policy, expand domestic demand, and support the construction of a strong domestic market. China released its October economic data, with the growth rates of industry, social consumer goods retail, investment, and real - estate sales all lower than the previous period. The schedule for important US data was determined: September non - farm payrolls will be released on November 20, and the Fed's preferred PCE indicator will be released on November 26. There is a split within the Fed on interest - rate cuts [3]

沪锡产业日报 2025-11-17 | | | | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:沪锡(日,元/吨) | 290360 | -1090 12月-1月合约收盘价:沪锡(日,元/吨) | -560 | -110 | | | LME3个月锡(日,美元/吨) | 36860 | -205 主力合约持仓量:沪锡(日,手) | 31904 | -4437 | | | 期货前20名净持仓:沪锡(日,手) | -636 | 305 LME锡:总库存(日,吨) | 3065 | 10 | | | 上期所库存:锡(周,吨) | 6258 | 266 LME锡:注销仓单(日,吨) | 115 | 25 | | | 上期所仓单:锡(日,吨) | 6099 | 167 | | | | 现货市场 | SMM1#锡现货价格(日,元/吨) | 289900 | -2200 长江有色市场1#锡现货价(日,元/吨) | 290090 | -2950 | | | 沪锡主力合约基差(日,元 ...

财政部今天发布的最新数据显示，今年1—10月，全国财政收入18.65万亿元，同比增长0.8%，增幅比1 —9月提高0.3个百分点。10月单月，全国财政收入2.26万亿元，同比增长3.2%，月度增幅继续提高。 税收收入持续较快增长。1—10月，全国税收收入15.34万亿元，增长1.7%，增幅比1—9月提高1个百分 点。计算机通信设备制造业税收收入增长12.7%，电气机械器材制造业税收收入增长7.9%。 各级财政持续加快债券资金使用，地方政府专项债券、超长期特别国债、中央金融机构注资特别国债等 资金共支出4.54万亿元。 （总台央视记者 赵曙光 蒋勇） 1—10月，全国财政支出22.58万亿元，同比增长2%。 各级财政落实更加积极的财政政策，加大支出强度，优化支出结构，持续加强对重点领域的支出保障。 其中，社会保障和就业支出增长9.3%，科学技术支出增长5.7%，教育支出增长4.7%。 ...

2025 年 11 月 17 日 铝：短期有压力 氧化铝：基本面压力仍在 铸造铝合金：跟随电解铝 | | | 70 | T-1 | T-5 | T-22 | T-66 | | --- | --- | --- | --- | --- | --- | --- | | 沪铝主力合约收盘价 | | 21840 | -210 | 215 | 1160 | 1080 | | 沪铝主力合约夜盘收盘价 | | 21795 | ー | l | l | l | | LME铝3M收盘价 | | 2877 | 0 | 15 | 190 | 231 | | 沪铝主力合约成交量 | | 298176 | 2884 | 53041 | 175088 | 152827 | | 沪铝主力合约持仓量 | | 419174 | -27485 | 53978 | 228643 | 109231 | | LME铝3M成交量 | 电解铝 | 21926 | 0 | 6975 | 7468 | 7065 | | LME注销仓单占比 | | 5. 35% | -0. 37% | -1.87% | -14. 27% | 1.97% | | LME 给cash ...

Group 1 - The S&P 500 index experienced a mid-session rebound failure and closed down last Friday [1] - Bitcoin fell below $93,000 during early Asian trading on Monday, erasing its gains for the year [1] - The Chinese government is implementing policies to enhance the adaptability of supply and demand in consumer goods to further promote consumption [1] Group 2 - The Chinese Ministry of Finance is committed to effectively implementing an active fiscal policy, focusing on expanding domestic demand and supporting the construction of a strong domestic market [1] - The Chinese State Administration for Market Regulation released a draft guideline on antitrust compliance for internet platforms, identifying eight new types of monopoly risk scenarios [1] - A prominent short-seller, Burry, has raised concerns about accounting practices among U.S. tech giants, suggesting that profits may be overstated [1]