证券代码：000807 证券简称：云铝股份 1 | | 回复：未来，公司将根据国家和地区的铝产业相关政策，进一 | | --- | --- | | | 步统筹规划公司"合金化"发展，不断延伸和完善产业链，做强铝 | | | 合金产业，持续提升公司综合竞争力和抗风险能力。 | | 附件清单 （如有） | 无 | | 日 期 | 2025 年 6 月 20 日 | 2 云南铝业股份有限公司投资者关系活动记录表 | | √特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活 | □媒体采访 □业绩说明会 | | 动类别 | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他 （请文字说明其他活动内容） | | 参与单位名称 | 博时基金、长江证券等投资机构、行业分析师 3 人。 | | 时 间 | 2025 年 6 月 20 日上午 10:30-11:30 | | 地 点 | 云南铝业股份有限公司办公楼三楼会议室。 | | 上市公司接待 | 财务总监、董事会秘书：郑利海先生 | | 人员姓名 | 证券事务代表：王冀奭先生 | | | 投资者提出的主要问题及公司回复情况如下： ...

文｜周涛 6月19日下午，中德跨国公司发展交流论坛如约而至。值得关注的是，作为第六届跨国公司领导人青岛 峰会重要的平行论坛，中德跨国公司发展交流论坛由德国北威州国际商务署承办，滨州与"东道主"青岛 共同协办。 作为峰会的"常客"，滨州主动扛起中德合作大旗的背后，是这座工业强市正在谋划更广阔的蓝图。 滨州市市长李春田发言 早在2000年，滨州的纺织服装、半导体元器件等产品就进入了德国市场，后又拓展到化学品、机电产品 等诸多领域。时间回溯至2023年3月，滨州市贸促会与德国北威州国际商务署北京代表处签署合作协 议，重点推动双边企业投资与贸易。 滨州对德合作的底气，源自其扎实的产业基础。作为工业大市、民营经济大市，滨州产业雄厚，拥有全 国41个工业门类中的38个，培育了高端铝业、精细化工、智能纺织、食品加工、畜牧水产"五大千亿级 优势产业集群"，逐步形成了"5210N"先进制造业集群——这恰恰与德国强势的机械制造、化工、汽车 等产业相辅相成。更为关键的是，滨州有67项产品占据全球或全国市场份额第一，从风电铸件、牛仔布 到赤藓糖醇，覆盖德国企业所关注的方方面面。 这种产业禀赋与德国所倡导的"工业4.0"战略形成天然对 ...

重要数据 铝现货方面：SMM数据，昨日长江A00铝价录得20770元/吨，较上一交易日下跌130元/吨，长江A00铝现货升贴 水较上一交易日持平于180元/吨；中原A00铝价录得20610元/吨，中原A00铝现货升贴水较上一交易日下跌20元 /吨至20元/吨；佛山A00铝价录20640元/吨，佛山A00铝现货升贴水较上一交易日下跌5元/吨至50元/吨。 铝期货方面：2025-06-19日沪铝主力合约开于20650元/吨，收于20585元/吨，较上一交易日收盘价下跌50元/ 吨，跌幅-0.24%，最高价达20695元/吨，最低价达到20525元/吨。全天交易日成交143884手，较上一交易日增 加8282手，全天交易日持仓175674手，较上一交易日减少22949手。 新能源及有色金属日报 | 2025-06-20 氧化铝现货市场成交连续性下滑 库存方面，截止2025-06-19，SMM统计国内电解铝锭社会库存44.9万吨。截止2025-06-19，LME铝库存344950 吨，较前一交易日减少2050吨。 氧化铝现货价格：2025-06-19 SMM氧化铝山西价格录得3160元/吨，山东价格录得3175元/吨 ...

期 货 研 究 2025 年 06 月 20 日 铝：高位震荡 氧化铝：检修复产产能增加 铝合金：强于电解铝 王蓉 投资咨询从业资格号：Z0002529 wangrong2@gtht.com 王宗源（联系人） 期货从业资格号：F03142619 wangzongyuan@gtht.com 资料来源：SMM、同花顺 ifind、钢联、国泰君安期货研究所 请务必阅读正文之后的免责条款部分 1 国 泰 君 安 期 货 研 究 期货研究 【综合快讯】 1. 加拿大考虑提高反制美国钢铝关税，保护国内行业。加拿大政府表示，若与特朗普政府的贸易谈判 陷入僵局，最早将 7 月 21 日提高对美国钢铁和铝产品的关税，使其水平与美国更广泛贸易安排的进展相一 致。此后，加元收窄盘中多数跌幅，多伦多上市的阿尔戈马钢铁集团股价一度涨近 8%。（华尔街见闻） 所 铝、氧化铝、铝合金基本面数据更新 | | | | T | T-1 | T-5 | T-22 | T-66 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 沪铝主力合约收盘价 | 20585 | -95 | 19 ...

加拿大还将设立新的关税配额制度，限制来自与加拿大未签订贸易协议国家的钢铁进口，并计划在未来 几周内出台新关税措施，以应对钢铁和铝产品倾销的风险。卡尼和其政府官员担忧，美国对金属进口征 收50%关税后，可能导致全球制造商将产品转向加拿大市场。 卡尼表示，这些新的配额并非美方在谈判中的要求，而是"美国采取行动所带来的后果。"他还特别提 到，加拿大联邦政府设立了一项价值100亿加元的贷款计划，为难以从传统市场获得融资的大型企业提 供流动性支持。 卡尼与内阁部长Dominic LeBlanc和Melanie Joly一同发布了上述声明。卡尼表示，他"相当频繁地"与美 国总统特朗普通话。Dominic LeBlanc则补充称，他正与美国商务部长卢特尼克持续沟通，并将在周五 与美国贸易代表格里尔(Jamieson Greer)进行会谈。 当被问及加拿大是否愿意接受部分美国关税以达成协议时，卡尼回应说，真正的自由贸易符合两国的共 同利益。他表示："这是一场谈判。如果符合加拿大的利益，我们就签。如果不符合，我们就不签。" 智通财经APP获悉，如果与特朗普政府的贸易谈判陷入僵局，加拿大将在下个月提高对美国钢铁和铝产 品的关税。 ...

加拿大总理卡尼预计将宣布支持加拿大钢铝生产商的措施。 ...

Core Viewpoint - The sixth Multinational Corporations Leaders Summit in Qingdao highlights Shandong's role as a strategic hub for multinational companies looking to engage with the Chinese market amid a shifting global economic landscape [1] Group 1: Industrial Foundation - Shandong's comprehensive industrial base and innovative vitality provide an irreplaceable development soil for multinational companies [5] - The province's "smart transformation" and "digital transition" of traditional industries are key collaboration points for multinational firms [5][6] - The establishment of a food technology industrial park by Louis Dreyfus Group in Qingdao exemplifies the rapid project execution known as "Qingdao speed" [5] - An aluminum production facility by Amway Aluminum will supply core materials for strategic emerging sectors like semiconductors and electric vehicle batteries [6] Group 2: Institutional Innovation - Shandong is becoming a "strategic fulcrum" for multinational companies to connect with the Chinese market through institutional openness [7] - The Qingdao Free Trade Zone has attracted 182 projects from Fortune 500 companies, forming industrial clusters in medical equipment and integrated circuits [7] - The "International Investment Cooperation Ecological Circle" model promotes talent, technology, and capital integration, facilitating cross-border operations [7][10] Group 3: Capital Empowerment - Shandong is building a fund ecosystem and cross-border financial services to support multinational companies with comprehensive investment solutions [11] - The Huiru Jinchuan Fund, initiated by Shandong Talent Group and Shandong Guotou, focuses on investing in high-growth enterprises and innovative projects [11] - Cross-border financial services, such as those offered by Hengfeng Bank, are designed to reduce operational costs for multinational companies [12] Group 4: Future Outlook - The integration of digital economy and traditional industries is becoming a new competitive focus, with Huawei's collaboration in developing AI models in Shandong [13] - Sustainable development potential is showcased through collaborations in seawater desalination, reducing costs by 40% through localized technology [16] - Shandong's cooperation with multinational companies is evolving from mere investment to co-creating innovative ecosystems and nurturing new productive forces [16]

Macro Factors - The US-China trade war shows significant signs of easing, with important consensus reached during the Geneva trade talks in early May, establishing a normalized economic consultation mechanism [3] - Recent economic and financial data in China shows marginal improvement, with retail sales growing by 6.4% year-on-year in May, and industrial added value increasing by 5.8% year-on-year, indicating a recovery phase [4] Oil Price Impact - Since early May, international oil prices have rebounded from around $55, influenced by geopolitical factors in the Middle East, reaching new highs not seen since July of the previous year [5] - Historical trends indicate a strong positive correlation between oil prices and aluminum prices, as fluctuations in oil prices affect the energy costs associated with aluminum production [5] Supply and Demand Dynamics - Domestic bauxite production in May reached 5.3664 million tons, with a month-on-month increase of 5.31% and a year-on-year increase of 8.97%, while imports of bauxite hit a historical high [8] - Despite weak overall real estate data, other sectors such as automotive and cable industries are providing incremental demand, with domestic automobile production increasing by 11.3% year-on-year in May [10] - Both domestic and international aluminum inventories are on a downward trend, with domestic social inventory decreasing by nearly 50% since mid-March, indicating a tightening supply situation [10]

来源|国际财闻汇 美国总统唐纳德·特朗普政府正推进另一轮关税"攻势"。一些贸易专家认为，这些关税行动比他针 对各国"量身定制"税率的做法在法律上更加站得住脚，而最终可能对进口产生同样广泛的影响。 6月18日，据彭博社报道，美国商务部将在数周内公布针对数个被视为对国家安全至关重要的行业 的调查结果，包括芯片、制药和关键矿产。外界普遍预计，调查可能会为对上述行业的诸多外国产 品出台关税奠定基础。 特朗普在第一任期已根据《贸易扩展法》第232条的授权，于2018年征收钢铝进口税。近期，他扩 大了征税范围，将含有上述金属的消费品纳入其中。 密歇根州立大学的一项估算显示，特朗普的钢铝关税（目前定在50%）已影响到近2000亿美元的 钢铁、铝制品及家用产品（如渔线轮和扫帚）—— 这一数额几乎是他首个任期内的四倍。 相比之下，特朗普4月份对主要贸易伙伴实施的关税措施在合法性上更弱，最高法院周二被要求考 虑推翻这些关税。一些政府官员认为，232条下的关税可有效取代引发法律审视、阻碍美国与盟友 及对手的贸易协议谈判的国别关税。 Wiley Rein合伙人、特朗普首任政府商务部高级官员Nazak Nikakhtar表示，232条 ...

Group 1 - The company focuses on "high-end intelligent manufacturing" and "low-carbon circular economy," with plans to enhance product quality and expand into sectors such as new energy, automotive materials, semiconductors, industrial robots, and low-altitude flight [1] - Current orders are stable, sufficient for one and a half months of production, and processing fees for products like CTP/PS boards and aluminum can materials have been adjusted upwards in the first quarter [1] - The wholly-owned subsidiary, Hongsheng New Materials, is constructing an "automotive and green energy aluminum industrial park," which will invest in high-end equipment to capture future market opportunities and enhance profit margins [1] Group 2 - In 2024, the company implemented two dividend distributions, increasing the frequency and proportion of profit distribution to enhance investor returns, supported by a solid cash reserve and reduced capital expenditures [2]