新能源及有色金属日报 | 2025-10-22 氧化铝价格或已进入筑底阶段 重要数据 铝现货方面：SMM数据，华东A00铝价20970元/吨，较上一交易日变化40元/吨，华东铝现货升贴水10元/吨， 较上一交易日变化0元/吨；中原A00铝价20850元/吨，现货升贴水较上一交易日变化0元/吨至-110元/吨；佛山 A00铝价录20870元/吨，较上一交易日变化50元/吨，铝现货升贴水较上一交易日变化15元/吨至-85元/吨。 铝期货方面：2025-10-21日沪铝主力合约开于20900元/吨，收于20965元/吨，较上一交易日变化35元/吨，最 高价达21005元/吨，最低价达到20830元/吨。全天交易日成交108173手，全天交易日持仓234936手。 库存方面，截止2025-10-21，SMM统计国内电解铝锭社会库存62.5万吨，较上一期变化-0.2万吨，仓单库存69397 吨，较上一交易日变化-550吨，LME铝库存484125吨，较上一交易日变化-3000吨。 氧化铝现货价格：2025-10-21SMM氧化铝山西价格录得2865元/吨，山东价格录得2830元/吨，河南价格录得 2885元/吨，广西价 ...

Group 1: Report Industry Investment Rating - No industry investment rating information is provided in the reports. Group 2: Core Views - The view on finished products is that they will operate in a volatile and consolidating manner [2]. - The view on aluminum ingots is that the price is expected to run at a high level in the short - term, and attention should be paid to macro sentiment and mine - end news [3]. Group 3: Summary According to Related Catalogs Finished Products - Yungui region's short - process construction steel producers will stop production and conduct maintenance from mid - January, with an expected impact on the total building steel output of 741,000 tons during the shutdown, and the resumption time is expected to be from the 11th to the 16th day of the first lunar month [1]. - In Anhui Province, 1 out of 6 short - process steel mills stopped production on January 5th, most of the rest will stop production around mid - January, and the daily impact on output during the shutdown is about 16,200 tons [2]. - From December 30, 2024, to January 5, 2025, the total transaction (signing) area of newly built commercial housing in 10 key cities was 2.234 million square meters, a 40.3% decrease from the previous period and a 43.2% increase year - on - year [2]. - Finished products continued to decline in a volatile manner yesterday, hitting a new low recently. In the pattern of weak supply and demand, the market sentiment is also pessimistic, and the price center continues to move down. Winter storage is sluggish this year, providing little support for prices [2]. Aluminum Ingots - In September, the import volume of bauxite was 15.88 million tons, a 13.2% decrease from the previous period and a 37.5% increase year - on - year. The delivery volume from Guinea decreased by 14.9% to 10.49 million tons in September due to the impact of the rainy season on mining and shipping in July and August [2]. - Last week, the average operating rate of domestic aluminum downstream processing leading enterprises was 62.5%, a 1.4 - percentage - point decrease compared with the same period last year. The operating rate of aluminum plate and strip leading enterprises was stable at 68%, but due to the off - season expectation and Trump's tariff, the procurement was cautious, and the operating rate is expected to decline gradually. The operating rate of the aluminum cable industry was 64%, and it may continue to be weak and stable in the short term. The operating rate of the aluminum profile industry decreased slightly to 53.5%, and it is expected to be weak and stable in the short term [2]. - On October 20, the inventory of electrolytic aluminum ingots in domestic mainstream consumption areas was 625,000 tons, a decrease of 2,000 tons from last Thursday and 25,000 tons from last Monday [2]. Market Outlook - The finished products are expected to operate in a volatile and consolidating manner, and attention should be paid to macro policies and downstream demand [2]. - The price of aluminum ingots is expected to run at a high level in the short term, and attention should be paid to macro sentiment, geopolitical crisis development, mine - end resumption, and consumption release [3].

Group 1: Market Overview - Recent fluctuations in alumina futures have been influenced by negative factors, with main contract prices hovering around 2750 CNY/ton [1] - China's bauxite production in September was 4.8821 million tons, down 2.32% year-on-year, with supply tight due to ongoing rainy season impacts in Shanxi and Henan [1] - Domestic bauxite imports in September reached 15.8806 million tons, a month-on-month decrease of 13.17% but a year-on-year increase of 38.26% [1] Group 2: Production and Capacity - In September, China's metallurgical-grade alumina production was 7.6037 million tons, reflecting a month-on-month increase of 1.52% and a year-on-year increase of 10% [2] - As of October 17, the total alumina production capacity in China was 11.462 million tons, with operational capacity at 9.715 million tons, a decrease of 140,000 tons from the previous week [2] - Domestic electrolytic aluminum production in September was 3.6148 million tons, a year-on-year increase of 1.14% [4] Group 3: Pricing and Inventory - Domestic alumina total inventory reached 4.639 million tons as of October 10, with a weekly increase of 63,000 tons and a year-on-year increase of 721,000 tons [2] - The FOB alumina price from Western Australia was reported at 323 USD/ton as of October 16, down 15% from the July peak [3] - The domestic alumina market is expected to experience price stabilization due to high absolute inventory levels and reduced profit margins for alumina plants [1][2] Group 4: Future Outlook - The alumina market is anticipated to face oversupply pressure, with potential large-scale production cuts expected in November [6] - The overall economic environment in China is stable, with expectations of enhanced resilience due to policy support [6] - The alumina futures market is projected to experience a bottoming-out trend, with a support level around 2700 CNY/ton [6]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002532 证券简称：天山铝业 公告编号：2025-063 一、权益变动情况 天山铝业集团股份有限公司 关于控股股东非公开发行可交换公司债券换股进展暨持股比例变动超过1%的公告 控股股东石河子市锦隆能源产业链有限公司保证向本公司提供的信息内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 天山铝业集团股份有限公司（以下简称"公司"）的控股股东石河子市锦隆能源产业链有限公司（以下简 称"锦隆能源"）2024年12月2日发行的"2024年面向专业投资者非公开发行可交换公司债券（第一 期）"（债券简称"24锦隆EB01"，债券代码"117225.SZ"）于2025年6月3日进入换股期，具体内容详见公 司于2025年5月29日在巨潮资讯网（http://www.cninfo.com.cn）披露的《关于控股股东面向专业投资者非 公开发行可交换公司债券（第一期）进入换股期的提示性公告》（公告编号：2025-032）。 锦隆能源2024年12月27日发行的"2024年面向专业投资者非公 ...

Group 1 - The core point of the article is that Yun Aluminum Co., Ltd. announced a profit distribution plan for the first half of 2025, proposing a cash dividend of 3.20 RMB per 10 shares for all shareholders [2] - The record date for the distribution of rights is set for October 27, 2025, and the ex-dividend date is October 28, 2025 [2]

姚晓园（资料图） 来源： 贵州省纪委监委 政事儿 据贵州省纪委监委派驻省国资委纪检监察组、遵义市纪委监委10月21日消息： 原贵州成黔企 业（集团）有限公司党委委员、董事、副总经理姚晓园 涉嫌严重违纪违法，目前正接受贵州 省纪委监委派驻省国资委纪检监察组纪律审查和遵义市监委监察调查。 公开信息显示， 姚晓园曾任 贵州省建筑设计研究院有限责任公司副总经理等职，2019年任 贵州成黔企业(集团)有限公司党委委员、副总经理。 贵州成黔企业（集团）有限公司（简称成黔集团）原属贵州省管国有大二型企业，主责主业包 括铝及铝产品采选、加工、销售等。今年8月， 贵州省人民政府决定： 组建贵州铝业集团有 限公司董事会、经理层班子， 撤销贵州成黔企业（集团）有限公司董事会、经理层班子。 刚刚！黄金、白 银，直线大跌！ ...

格隆汇10月21日丨云铝股份(000807.SZ)发布2025年半年度权益分派实施公告，公司股东大会审议通过 的2025年中期利润分配方案为：以公司现有总股本34.68亿股为基数，向全体股东每股派发现金红利人 民币0.32元（含税），共派发现金红利人民币11.10亿元（含税）,占公司2025 年半年度合并报表归属于 上市公司股东的净利润的比例约为40.10%。本次分配不进行资本公积金转增股本，不送红股。 本次权益分派股权登记日为：2025年10月27日；除权除息日为：2025年10月28日。 ...

Group 1 - Company Shenhui Co., Ltd. announced on October 20 that its 22nd meeting of the 9th board of directors was held via communication on October 17, 2025 [1] - The meeting reviewed the proposal regarding the independent operation of the carbon project of its subsidiary Yunnan Shenhui Aluminum Co., Ltd. and the establishment of a wholly-owned subsidiary [1] Group 2 - Former Vice Minister of Finance Zhu Guangyao expressed that China's economic growth rate is expected to maintain between 4.5% and 5% in the coming years [1] - Key driving forces for this growth are anticipated to be in renewable energy and artificial intelligence sectors [1]

Core Points - The article reports that Yao Xiaoyuan, a member of the Party Committee and Vice General Manager of Guizhou Chengqian Enterprise (Group) Co., Ltd., is under investigation for serious violations of discipline and law [1] - Guizhou Chengqian Enterprise (Group) Co., Ltd. was previously a state-owned enterprise in Guizhou Province, primarily engaged in the selection, processing, and sales of aluminum and aluminum products [1] - In August of this year, the Guizhou Provincial Government decided to establish a new board of directors and management team for Guizhou Aluminum Group Co., Ltd., leading to the dissolution of the board and management team of Guizhou Chengqian Enterprise (Group) Co., Ltd. [1] Company Summary - Yao Xiaoyuan has held various positions, including Vice General Manager of Guizhou Provincial Architectural Design Research Institute Co., Ltd., before becoming a member of the Party Committee and Vice General Manager of Guizhou Chengqian Enterprise (Group) Co., Ltd. in 2019 [1] - The company was previously classified as a large state-owned enterprise in Guizhou Province, focusing on the aluminum industry [1] Industry Summary - The restructuring of Guizhou Chengqian Enterprise (Group) Co., Ltd. reflects broader changes in the management of state-owned enterprises in the region, particularly in the aluminum sector [1]

新能源及有色金属日报 | 2025-10-21 氧化铝难见好转，铝出口依旧偏乐观 重要数据 铝现货方面：SMM数据，华东A00铝价20930元/吨，较上一交易日变化-20元/吨，华东铝现货升贴水10元/吨， 较上一交易日变化10元/吨；中原A00铝价20810元/吨，现货升贴水较上一交易日变化0元/吨至-110元/吨；佛山 A00铝价录20820元/吨，较上一交易日变化-20元/吨，铝现货升贴水较上一交易日变化5元/吨至-100元/吨。 铝期货方面：2025-10-20日沪铝主力合约开于20935元/吨，收于20910元/吨，较上一交易日变化-80元/吨，最 高价达20970元/吨，最低价达到20890元/吨。全天交易日成交107222手，全天交易日持仓231673手。 库存方面，截止2025-10-20，SMM统计国内电解铝锭社会库存62.5万吨，较上一期变化-0.2吨，仓单库存69947 吨，较上一交易日变化-723吨，LME铝库存487125吨，较上一交易日变化-4100吨。 氧化铝现货价格：2025-10-20SMM氧化铝山西价格录得2875元/吨，山东价格录得2835元/吨，河南价格录得 2895元 ...