债券代码：127068 债券简称：顺博转债 证券代码：002996 证券简称：顺博合金 | | | 域，符合绿色包装、新能源汽车、新型储能电池等未来市场。 | | --- | --- | --- | | | | 问题三：安徽二期项目的预期产销量如何？ | | | | 安徽二期项目规划了年产 63 万吨低碳环保型铝合金扁锭 | | | | 项目和年产 50 万吨绿色循环高性能铝板带项目。根据《募集 | | | | 说明书》，预计在 2026 年至 2028 年，分别实现 12 万吨、24 | | | | 万吨、40 万吨的铝板带产销量。 | | | | 问题四：公司未来对可转债的规划？ | | | | 公司未来将结合生产经营情况、股价走势、资本市场环境 | | | | 等诸多因素作综合考虑。公司将按照相关法律法规履行信息披 | | | | 露相关义务，请关注公司相关公告。 | | 附 件 清 单 | （ 如 无 | | | 有） | | | | 日期 | | 2026-03-02 | 重庆顺博铝合金股份有限公司投资者关系活动记录表 | 投 | 资 | 者 | 关 | 系 | 活 | √ | 特定对象调研 | 分 ...

中辉有色观点 | F | | | --- | --- | | 7 | C | | 品种 | 核心观点 | 主要逻辑 | | --- | --- | --- | | 黄金 | | 伊朗最高领袖身亡超各界预期，避险情绪将继续主导。当前美关税反复、地缘反复， | | | 多单持有 | 另外日本政府或给资本市场带来潜在动荡，黄金有支撑，中长期地缘秩序重塑，不 | | ★ | | 确定性持续存在，央行继续买黄金，长期战略配置价值不变。 | | | | 白银将受到地缘波动影响加剧。白银光伏、新能源汽车及 AI 等新兴领域推动其工业 | | 白银 | 谨慎追高 | 需求占比攀升至近 60%，成为需求增长的核心引擎；全球流动性宽松强化了其与黄 | | ★ | | 金联动的避险金融属性。短期参与难度大，关注风险报偿比。 | | | | 美以联手闪击伊朗，哈梅内伊身故，战争存在扩大风险，霍尔木兹海峡封锁推高油 | | 铜 | | | | ★ | 多单持有 | 价，市场避险情绪走高，铜短期波动加剧，建议多单持有，部分逢高止盈，警惕宏 观情绪消退后铜价冲高回落，中长期对铜依旧看好。 | | | | 美以联手闪击伊朗，哈梅内伊身故，战 ...

| | | 春节假期期间，受特朗普关税言论及LME库存持续增加影响，伦铜一度承压回落，随后美国最高法院裁定大规模加征关税违法，美元走弱， | | --- | --- | --- | | | | 空头回补推动价格快速反弹至13300美元/吨上方。此后在美伊谈判进展与地缘局势交织影响下，市场情绪多空摇摆。国内节后铜价重心有 | | | | 所上移，但节假期间社库表现超预期累库，现货大幅贴水行情运行。下游企业复工复产节奏相对缓慢，市场需求有限，高价对需求仍有抑 | | | | 制作用。周末美以对伊朗发动战争，伊朗最高领袖哈梅内伊已阵亡，伊斯兰革命卫队已宣布关闭霍尔木兹海峡，目前战争仍在持续。美以 | | 铜 | 高位强势运行 | 对伊朗发动战争短期将显著推升铜、铝等主要有色金属价格，主要源于避险情绪升温、供应中断以及能源成本大幅上升等风险。伊朗不是 | | | 98000-106000 | 主要铜生产国（2025年1-10月铜产量约32万吨（占全球1.7%），但地缘冲突可能扰乱全球供应链（如成本上升、通胀需求增强、矿企减 | | | | 产），进一步强化资源民族主义，间接推高铜价。不过当前铜价宏观与基本面未形成共振 ...

【行情资讯】 吴坤金 从业资格号：F3036210 交易咨询号：Z0015924 0755-23375135 wukj1@wkqh.cn 曾宇轲 有色金属日报 2026-3-2 五矿期货早报 | 有色金属 地缘局势担忧推动贵金属、原油走强，美股走弱，周五铜价冲高回落，伦铜 3M 合约收涨 0.28%至 13296 美元/吨，沪铜主力合约收至 103280 元/吨。周五 LME 库存增加 100 至 253700 吨，注销仓单比例抬 升，Cash/3M 贴水缩窄。国内上期所周度库存较春节前增加 11.9 万吨，上期所日度仓单增加 0.1 至 29.1 万吨。华东地区现货贴水期货扩大至 260 元/吨，供应较多基差报价继续下调。广东地区铜现 货贴水期货缩窄至 130 元/吨，下游采购增多带动基差报价反弹。国内铜现货进口亏损有所扩大，精 废铜价差小幅缩窄至 2690 元/吨。 【策略观点】 美国、以色列对伊朗发动袭击，地缘局势扰动下虽然风险偏好受挫，但关键矿产资源属性强化和供应 中断风险下铜价仍有较强支撑。政策上看美国 PPI 强于预期，短期降息概率较低；国内进入"两会" 时间，上海发布地产"沪七条"使得情绪面偏暖 ...

点击 最 下方 关注《材料汇》 ， 点击"在看"和" "并分享 添加 小编微信 ，遇见 志同道合 的你 正文 | I | 1 | A | 分裂 | 9 | 27.2.30 | 电子图 | | 9 | 131 | He | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ...

格隆汇2月27日丨罗平锌电(002114.SZ)公布，为提升环保标准淘汰落后产能和工艺，助力公司转向技术 含量高、资源消耗低、环境污染少的发展模式，同时促使公司加强内部管理、采用先进技术、提高能效 和资源利用率，降低环境合规成本和运营成本。公司拟投资建设重点行业环保绩效等级提升项目。本次 项目总投资概算为944.74万元。 ...

| | | | 第一部分 前言概要 2 | | --- | | 2 | | 2 | | 2 | | 第二部分 基本面情况 3 | | 3 | | 5 | | 三、1 月产量下滑，预计受春节假期影响 2 月产量维持低位 6 | | 终端消费 8 | | （一）消费电子有望温和增长 8 | | （二）光伏抢装结束，订单快速下滑 9 | | （三）长期锡化工消费或有拖累 10 | | 第三部分后市展望及策略推荐 12 | | 免责声明 13 | 有色板块研发报告 锡 3 月报 2026 年 2 月 27 日 宏观情绪与需求预期拉扯，锡价宽幅震荡 第一部分 前言概要 银河期货 第 2 页 共 13 页 有色板块研发报告 锡 3 月报 2026 年 2 月 27 日 第二部分 基本面情况 第 3 页 共 13 页 锡 3 月报 2026 年 2 月 27 日 图 1：沪锡走势 单位：元/吨 图 2：伦锡走势 单位：美元/吨 230000.00 280000.00 330000.00 380000.00 430000.00 480000.00 24000.00 29000.00 34000.00 39000.00 440 ...

1. Report Industry Investment Rating No relevant information provided. 2. Core Views of the Report - The overall trend of non - ferrous metals is oscillating. Factors such as geopolitical uncertainties, fluctuations in the Fed's interest - rate cut expectations, and the impact of AI on the economy and employment may cause fluctuations in the relevant chains. The market sentiment may shift from a previous general rise to a stage of cooling and differentiation. Attention should be paid to the fundamental support factors of each variety, and varieties with geopolitical supply disturbances are relatively stronger. Recently, the continuous appreciation of the RMB tends to result in a pattern of stronger overseas and weaker domestic markets [13][16]. - The non - ferrous metal market after the Spring Festival shows a differentiated trend. Some varieties such as tin and nickel show relatively high elasticity, but the sustainability of their upward trends is changing. The domestic market is in a stage of supply - demand mismatch after the festival, with inventory accumulation and incomplete demand recovery coexisting [16]. 3. Summary According to the Directory 3.1 First Part: Non - ferrous Metals Operating Logic and Investment Recommendations - **Macro Logic**: The overall trend of non - ferrous metals is oscillating. AI's impact on employment and the resurgence of tariff war risks have dampened the optimistic expectations brought by the recovery of European and American economic data during the holiday. In the future, attention should be paid to the changes in the AI narrative. Geopolitical supply - disturbed varieties are relatively stronger, and the continuous appreciation of the RMB leads to an external - strong and internal - weak pattern [13]. - **Policy and Event Impact**: Zimbabwe suspends the export of all raw ores and lithium concentrates. The US has complex tariff changes, and various parties have made responses. The Fed's interest - rate cut expectations are fluctuating, and there are uncertainties in geopolitics. China's February LPR remains unchanged for the ninth consecutive month [14][15]. - **Investment Strategies for Each Variety** - **Copper**: The current fundamentals are in a stage of weakness, with limited upward price drive. The main driving factors are macro - logic and the valuation - repair logic compared with gold and silver. It is recommended that downstream demand parties conduct long - hedging operations in the far - month contracts. Option strategies can consider selling slightly out - of - the - money put options or constructing short - straddle strategies. The short - term support range of the main Shanghai copper contract is expected to be 98,000 - 99,000 yuan/ton, and the pressure range is 108,000 - 110,000 yuan/ton [3][4]. - **Zinc**: The probability of the Fed's interest - rate cut in June has declined, and the geopolitical negotiation continues. The inventory of LME zinc has decreased, and the external market is expected to be stronger than the domestic market. It is recommended to consider the rotation operation of bull spreads and bear spreads. The upper pressure is temporarily focused on 24,800 - 25,000, and the short - term lower support is 23,800 - 24,000 [5]. - **Aluminum Industry Chain**: For aluminum, it is recommended to temporarily observe or adopt a bullish approach, with the upper pressure range of 24,000 - 26,000 and the lower support range of 22,000 - 23,000. For alumina, it is recommended to temporarily observe or adopt a bearish approach, with the upper pressure range of 2,900 - 3,000 and the lower support range of 2,300 - 2,600. For recycled aluminum alloy, it is recommended to temporarily observe or adopt a bullish approach, with the upper pressure range of 23,000 - 24,000 and the lower support range of 21,000 - 21,500 [6][7]. - **Tin**: It is recommended to temporarily observe or adopt a bullish approach, pay attention to changes in capital sentiment, as well as the situation of the ore end and macro - factors. The upper pressure range is 430,000 - 450,000, and the lower support range is 330,000 - 350,000. Options can consider buying out - of - the - money put options for protection [8]. - **Lead**: The lead market is expected to be in an oscillating trend, with the upper pressure temporarily at 16,800 - 17,000 and the lower support at 16,200 - 16,400. It is recommended to operate according to the upper and lower limits of the range and pay attention to inventory changes [9]. - **Nickel and Stainless Steel**: Nickel prices continue to be strong. The upper pressure of Shanghai nickel is temporarily focused on 140,000 - 145,000 yuan, and the lower support is 130,000 - 134,000 yuan. It is recommended to hold long positions without chasing the rise. Stainless steel prices have slowed down in their upward trend. The lower support is 13,000 - 13,400, and the upper pressure is 14,200 - 14,500. It is recommended to hold long positions or be cautious [10]. 3.2 Second Part: Non - ferrous Metals Market Review - The closing prices and price changes of various non - ferrous metal futures are provided. For example, the closing price of copper is 102,670 with a 0.20% increase, and the closing price of zinc is 24,570 with a 0.30% decrease [21]. 3.3 Third Part: Non - ferrous Metals Position Analysis - The latest position analysis of the non - ferrous metal sector shows the net long - short strength comparison, net long - short position differences, changes in net long and net short positions, and influencing factors of each variety. For example, the hard acid type (LC2605) has a 3.47% increase, with a strong short - position of the main force and a net short - position difference of - 97,754 [24]. 3.4 Fourth Part: Non - ferrous Metals Spot Market - The spot prices and price changes of various non - ferrous metals are presented. For example, the Yangtze River non - ferrous copper spot price is 102,100 yuan/ton with a 0.03% decrease, and the Yangtze River non - ferrous 0 zinc spot average price is 24,460 yuan/ton with a 0.33% decrease [25]. 3.5 Fifth Part: Non - ferrous Metals Industry Chain - Multiple charts are provided to show the inventory changes, processing fees, price trends, and other information of various non - ferrous metals, including copper, zinc, aluminum, alumina, tin, lead, nickel, and stainless steel [27][28][31][37][41][44][46][50]. 3.6 Sixth Part: Non - ferrous Metals Arbitrage - Multiple charts are provided to show the arbitrage - related information of various non - ferrous metals, such as the Shanghai - London ratio changes, basis, and spread trends of copper, zinc, aluminum, alumina, tin, lead, nickel, and stainless steel [52][54][56][60][62][64][65]. 3.7 Seventh Part: Non - ferrous Metals Options - Multiple charts are provided to show the historical volatility, weighted implied volatility, trading volume, and position changes, as well as the ratio of call to put positions of options for various non - ferrous metals, including copper, zinc, and aluminum [67][69][70].

有色早报 研究中心有色团队 2026/02/27 铜 ： 日期 沪铜现货 升贴水 废精铜 价差 上期所 库存 沪铜 仓单 现货进口 盈利 三月进口 盈利 保税库 premium 提单 premium 伦铜 C-3M LME 库存 LME 注销仓单 2026/02/12 -170 5832 248911 187179 -823.81 -312.99 34.0 37.0 -94.71 196650 21650 2026/02/13 -110 5473 272475 196680 -565.83 205.31 33.0 35.0 -106.43 203875 9825 2026/02/24 270 5489 272475 277089 -409.36 302.12 53.0 49.0 -88.20 243175 10925 2026/02/25 -380 5653 272475 287806 -801.62 221.45 51.0 48.0 -76.52 249650 12525 2026/02/26 -410 5423 272475 289219 -786.94 -98.00 50.0 47.0 -69.53 2 ...

证券日报网讯 2月26日，云南铜业在互动平台回答投资者提问时表示，截至2026年2月13日，公司股东 人数为253104户。 （文章来源：证券日报） ...