| 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:不锈钢(日,元/吨) | 12705 | -5 06-07月合约价差:不锈钢(日,元/吨) | -55 | -10 -10446 | | | 期货前20名持仓:净买单量:不锈钢(日,手) | -10366 | 1443 主力合约持仓量:不锈钢(日,手) | 70897 | | | | 仓单数量:不锈钢(日,吨) | 159685 | -2466 | | | | 现货市场 | 304/2B卷:切边:无锡(日,元/吨) | 13700 | 0 市场价:废不锈钢304:无锡(日,元/吨) | 9600 | 0 | | | SS主力合约基差(日,元/吨) | 515 | 5 | | | | 上游情况 | 电解镍产量(月,吨) | 29430 | 1120 镍铁产量合计(月,万金属吨) | 2.28 | -0.05 | | | 进口数量:精炼镍及合金(月,吨) | 8559.43 | 661.27 进口数量:镍铁(月,万吨) ...

新能源及有色金属日报 | 2025-05-07 镍铁价格下行，不锈钢窄幅震荡 镍品种 市场分析 2025-05-06日沪镍主力合约2505开于123570元/吨，收于124630元/吨，较前一交易日收盘变化0.48%，当日成交量为 101917手，持仓量为67940手。 沪镍主力合约2506全天窄幅震荡，日线收小阳阴线。06主力合约的成交量对比上个交易日有大幅度的减少，持仓 量有小幅度减少。从量能方面来看，日线MACD的红柱面积未见明显放大且接近转绿柱的边缘，短周期内的下跌 趋势开始，60分钟线在节前的126400附近出现顶背离现象，叠加近期电解镍现货市场成交低迷，关注上方 126000-128000短期一线压力位置。现货市场方面，金川镍早盘报价较上个交易日上调约450元/吨，市场主流品牌 报价均出现小幅上调。节后第一个交易日较多下游客户的采购意愿有回升，商家也有一定的补库意向，市场成交 的力度有所增加，精炼镍现货成交整体表现尚可，升贴水对比节前基本持稳，升贴水近期处于缓慢下行的态势。 其中金川镍升水变化0元/吨至2250元/吨，进口镍升水变化-50元/吨至100元/吨，镍豆升水为 -450元/吨。前一交易 ...

| 日期 | 沪锌现货进口盈利 | 沪锌期货进口盈利 | 锌保税库premium | LME C-3M | LME锌库存 | LME锌注销仓单 | | --- | --- | --- | --- | --- | --- | --- | | 2025/04/24 | -217.88 | -833.44 | 140 | -33 | 182300 | 31700 | | 2025/04/25 | -150.12 | -851.44 | 140 | -35 | 180050 | 29575 | | 2025/04/28 | -52.89 | -707.36 | 140 | -36 | 179325 | 29525 | | 2025/04/29 | -65.03 | -746.91 | 140 | -35 | 177550 | 31125 | | 2025/04/30 | -4.26 | -777.42 | 140 | -35 | 175275 | 31000 | | 变化 | 60.77 | -30.51 | 0 | 0 | -2275 | -125 | 本周锌价格重心反弹后宽幅震荡，关税情绪改善。供应端，本周国内T ...

文字早评 2025/05/06 星期二 宏观金融类 股指 前一交易日沪指-0.23%，创指+0.83%，科创 50+0.85%，北证 50+2.96%，上证 50-0.47%，沪深 300-0.12%， 中证 500+0.48%，中证 1000+0.79%，中证 2000+1.29%，万得微盘+1.41%。两市合计成交 11693 亿，较上 一日+1472 亿。 宏观消息面： 1、商务部：美方主动向中方传递信息希望谈起来，对此，中方正在评估。节日期间离岸人民币大涨。 2、据新华社，"五一"假期全国重点零售和餐饮企业销售额同比增长 6.3%。 3、美国 4 月非农就业人口增长 17.7 万人，大幅好于预期。 资金面：融资额-13.51 亿；隔夜 Shibor 利率+21.90bp 至 1.7600%，流动性较为宽松；3 年期企业债 AA- 级别利率-1.54bp 至 3.0966%，十年期国债利率+0.03bp 至 1.6279%，信用利差-1.57bp 至 147bp；美国 10 年期利率+8.00bp 至 4.33%，中美利差-7.97bp 至-270bp。 市盈率：沪深 300:12.21，中证 500: ...

Summary of Ascent Industries (ACNT) FY Conference Call - May 05, 2025 Company Overview - Ascent Industries is a 75-year-old industrial manufacturing company with two operating segments: Specialty Chemicals and Stainless Steel Tubular Assets [6][8] - The management team, including Brian and Ryan, has a history of successfully turning around companies, previously achieving a turnaround from a loss of $8 million to an adjusted EBITDA of $35 million at Clearon [4][5] Financial Performance - In 2024, Ascent Industries achieved a turnaround of approximately $20 million in adjusted EBITDA, with significant improvements in gross profit and working capital [9][10] - The company sold one of its stainless steel tubular holdings for $45 million, which is a 10% premium on book value [12][13] - Ascent currently has $55 million in cash on hand and aims to build a scalable, high-quality business [16][34] Strategic Focus - The company is in the final stages of a turnaround and portfolio optimization, with a focus on organic growth and the final divestiture of its remaining stainless steel asset [8][31] - Ascent aims to shift its product mix from 75% custom manufacturing and 25% branded products to a target of 65% branded products over time [20][46] - The total addressable market (TAM) for Ascent's branded products is approximately $9.2 billion, covering various sectors including oil and gas, personal care, and coatings [37][38] Market Dynamics - Ascent's competitive landscape is intense in custom manufacturing, but the company can compete effectively in the branded products space by targeting small to mid-tier customers [48][50] - The company is actively working on reshoring supply chains for critical ingredients, which is seen as a potential tailwind for future growth [45] Margin Improvement - The gross margin was improved from sub-10% to low teens, with a target of achieving gross margins of no less than 30% in the long term [24][26] - The company plans to maintain SG&A expenses at no higher than 15% and target adjusted EBITDA of around 15% [26] Capital Allocation and Growth Strategy - Ascent is considering share repurchases as an option but is focused on maintaining flexibility for organic and inorganic growth opportunities [55][60] - The company is selective in pursuing M&A opportunities, emphasizing the importance of not acquiring assets that could exacerbate existing underutilization issues [61][63] - The remaining tubular asset is expected to generate $4-6 million in adjusted EBITDA annually, with plans to divest it ideally within the year [64][66] Conclusion - Ascent Industries is positioned for growth with a strong balance sheet and a clear focus on enhancing its specialty chemicals business while optimizing its portfolio [34][35] - The management team is optimistic about the future, citing a disciplined approach to growth and a commitment to improving operational efficiency [70][72]

武进不锈（603878.SH）2024 年年报及 2025 年一季报点评 Q1 业绩有所修复，火电锅炉维持高景气 2025 年 04 月 30 日 ➢ 事件：公司发布 2024 年年报及 2025 年一季报。2024 年，公司实现营收 26.52 亿元，同比减少 24.57%，归母净利润 1.26 亿元，同比减少 64.25%；扣 非归母净利 1.03 亿元，同比减少 68.27%。2024Q4，公司实现营收 5.62 亿元， 同比减少 29.37%，环比增加 0.57%，归母净利润-0.45 元，同环比转亏；扣非 归母净利-0.56 亿元，同环比转亏。2025Q1，公司实现营收 4.83 亿元，同比减 少 33.90%，环比减少 14.06%，归母净利润 0.30 亿元，同比减少 55.43%，环 比扭亏；扣非归母净利 0.28 亿元，同比减少 56.30%，环比扭亏。 ➢ 点评：25Q1 销量、毛利率环比改善 ① 量：25Q1 销量环比回升。2024 年，公司无缝管、焊管销量分别为 4.35、 2.66 万吨，同比-15.07%、-24.02%。2025Q1，无缝管、焊管销量分别为 1.06、 0.63 ...

证券代码：002722 证券简称：物产金轮 债券代码：128076 债券简称：金轮转债 物产中大金轮蓝海股份有限公司投资者关系活动记录表 编号：20250429 | | 特定对象调研 分析师会议 □媒体采访  业绩说明会 | | --- | --- | | 投资者关系 活动类别 | | | | 新闻发布会 路演活动 | | | 现场参观 其他（腾讯会议） | | 参与单位名 | | | 称及人员姓 | 参与公司 2024 年年度业绩说明会的投资者 | | 名 | | | 时间 | 2025 年 4 月 29 日（周二）15:00-17:00 | | 地点 | 公司会议室 | | | 董事长：郑光良 总经理：汤华军 | | 上市公司接 | 副总经理兼董事会秘书：邱九辉 | | 待人员姓名 | 副总经理兼财务负责人：高誉 | | | 副总经理：刘韶 | | | 独立董事：伍争荣、董望、阮超 | | | 证券事务代表：潘黎明 | | | 本次 2024 年年度业绩说明会以网络远程的方式举行，公司就 | | | 投资者在本次业绩说明会中提出的问题进行了回复，本次业绩说 | | | 明会的主要问题如下： ...

镍及不锈钢 05 月报 2025 年 4 月 30 日 超跌反弹 镍价重返震荡区间 第一部分 回顾与展望 4 月镍价走出过山车行情。先是美国关税影响下全市场恐慌抛售，LME 镍价自高点 16215 美元下跌至 13865 美元仅用了 4 个交易日，跌幅达到 14.5%。国内因清明节影响，出现跳空 缺口，最低沪镍 2506 合约节后跌停板 115500 元/吨，但随后迅速开板并收至 118000 上方。 此后市场消化中美互加关税的情绪，外围市场普遍超跌反弹，基本面较强的品种如铜和镍在 4 月下半月基本补回缺口。镍能补缺口有三个主要因素：第一，自身弹性较大，前期跌幅也 较深，累库速度放慢；第二，印尼提高特许使用权落地，将于 4 月 26 日开始执行，增加镍 矿和冰镍生产成本；第三，3 月印尼头部 MHP 厂因事故导致停产，MHP 产量下滑明显，因 此虽然全年还是过剩预期，但属于短期宏观错杀的品种。 大宗商品研究所 有色金属研发报告 4 月初，国内因 MHP 和冰镍产量下降，电积镍原料偏紧，产量环比 3 月略降，但旺季刚 需仍在，导致国内现货偏紧，金川镍升水一度涨至 3000 元/吨以上，进口亏损收窄至 2000 ...

Group 1 - The "Zhejiang Going Global" service alliance was launched to explore new trade paths between Zhejiang and Middle Eastern countries, with over 200 participants from various sectors [1][2] - Since the Belt and Road Initiative, trade between Zhejiang and the Middle East has increased from 204.2 billion yuan in 2013 to 591.2 billion yuan in 2024, with an average annual growth rate exceeding 10% [1] - Key sectors for Zhejiang exports to the Middle East include machinery, new energy vehicles, and textiles, while the region exports oil and dates to Zhejiang [1] Group 2 - Zhejiang enterprises are establishing bilateral cooperation in the Middle East, with notable projects including JinkoSolar's 10GW battery project in Saudi Arabia and Chint Group's 1800MW solar project in the UAE [2] - The local representatives from the Middle East highlighted the ongoing infrastructure upgrades and renewable energy transitions, seeking collaboration with Zhejiang in smart cities and photovoltaic technology [2] - The "Zhejiang Going Global" service alliance aims to provide integrated services in finance, law, and logistics to support companies in market expansion and risk management [2] Group 3 - The Zhejiang Provincial Council for the Promotion of International Trade plans to lead a delegation to Saudi Arabia and Turkey in late May to facilitate industrial cooperation and market entry [3]

银河有色 有色研发报告 有色和贵金属每日早盘观察 2025 年 4 月 28 日星期一 | 研究所副所长、有色及贵 | 有色和贵金属每日早盘观察 | | --- | --- | | 金属板块负责人：车红云 | | | 期货从业证号：F03088215 | 贵金属 | | 投资咨询号：Z0017510 | 【市场回顾】 | | | 1. 贵金属市场：上周五，贵金属回吐前日涨幅。鉴于避险情绪降温和美元坚挺 | | 研究员：王伟 | 伦敦金收跌 0.9%，报 3318.62 美元/盎司。伦敦银在 33 美元关口波动，最终收跌 | | 期货从业证号：F03143400 | 1.53%，报 33.1 元/盎司。受外盘驱动，沪金主力合约收跌 0.77%，报 785.34 元/克，沪 | | 投资咨询从业证号： Z0022141 | 银主力合约收跌 0.93%，报 8217 元/千克。 | | | 2.美元指数：美元指数横向盘整，最终收涨 0.09%，报 99.47。 | | 研究员：王露晨 CFA | 3.美债收益率：10 年期美债收益率回落，收报 4.26%。 | | 期货从业证号：F03110758 | 4.人民币汇 ...