| | | | 有色金属现货升贴7 | | | --- | --- | --- | --- | --- | | 国投期货有色金属团队 | | | | 2025/9/30 | | SMM 1#电解铜-平均价 | | 涨跌 | SMM平水铜升贴水 | 涨跌 | | 铜 | 83240 | 1030 | -30 | 10 | | SMM A00铝-平均价 | | 涨跌 | SMM A00铝升贴水 | 涨跌 | | 铝 | 20720 | 30 | -20 | -10 | | 氧化铝(山西) | | 涨跌 | 澳洲氧化铝FOB-平均价 ( 美元 ) | 涨跌(美元) | | 2930 | | -5 | 323 | 0 | | SMM 1#铅锭-平均价 | | 涨跌 | SMM 1#铅锭对当月期货10:15升贴水 | 涨跌 | | 16800 | | 0 | -125 | -35 | | 铝 | 再生精铅-平均价 | 再生铅均价-涨跌 | 精废价差 | 涨跌 | | 16775 | | 0 | 25 | 0 | | 锌 | SMM 0#锌锭-平均价 | 涨跌 | SMM 0#锌锭对当月期货10:15升贴水 | 涨跌 | ...

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文字早评 2025/10/09 星期四 宏观金融类 股指 【行情资讯】 1、证监会召开"十五五"资本市场规划上市公司和行业机构座谈会，全面推进实施新一轮资本市场改 革开放，不断提升市场的吸引力、包容性和竞争力； 2、节假日期间、贵金属、铜、铝等有色金属期货收盘普涨； 3、全球存储芯片价格持续上涨，摩根士丹利的最新研报预测，人工智能热潮下，存储芯片行业预计迎 来一个"超级周期"； 4、中国核聚变装置 BEST 建设取得关键突破，有望在 2030 年通过核聚变发电点亮第一盏灯； 期指基差比例： IF 当月/下月/当季/隔季：-0.14%/-0.38%/-0.49%/-0.98%； IC 当月/下月/当季/隔季：-0.19%/-1.01%/-1.65%/-3.87%； IM 当月/下月/当季/隔季：-0.24%/-1.26%/-2.23%/-5.12%； IH 当月/下月/当季/隔季：0.04%/-0.00%/-0.02%/-0.01%。 【策略观点】 经过前期持续上涨后，AI 等高位热点板块近期出现分歧，储能、芯片及有色等板块崛起，市场成交量有 所萎缩，短期指数波动有所加大。但从大方向看，政策支持资本市场的态度未 ...

Group 1 - The core point of the news is that Hunan Silver (SZ 002716) announced a share buyback plan, repurchasing 17.55 million shares, which accounts for 0.62% of the total share capital, with a total transaction amount of approximately 92.6 million yuan [1] - The share buyback was conducted through centralized bidding, with the highest transaction price at 6.74 yuan per share and the lowest at 4.47 yuan per share [1] - As of the report date, Hunan Silver's market capitalization is 19.8 billion yuan [3] Group 2 - For the first half of 2025, Hunan Silver's revenue composition is entirely from non-ferrous metal smelting, accounting for 100% [2]

智通财经APP获悉，江西铜业股份(00358)再涨超7%，年内累计涨幅已超200%。截至发稿，涨6.75%， 报35.44港元，成交额7.38亿港元。 消息面上，Grasberg铜矿停产事件预计将导致2025年四季度至2026年间铜供应缺口进一步扩大。此外， 中国有色金属工业协会铜业分会表示坚决反对铜冶炼行业"内卷式"竞争。光大证券预计，若在铜行业推 行"反内卷"相关政策，或对新增铜冶炼产能做出限制、加速中小冶炼产能退出，而铜下游消费仍会受益 于新能源、电网改造等持续增长，冶炼产能过剩未来有望缓解，冶炼企业后续盈利有望迎来改善。公开 资料显示，江西铜业为国内铜冶炼龙头，阴极铜年产能达210万吨，铜业务收入占比超70%。 ...

【导读】港股三大指数低开，科指跌超1%，黄金股普涨！ 10月6日，港股三大指数开盘走弱，恒生指数开跌0.5%，恒生科技指数开跌1.1%。 截至发稿，恒生指数跌0.24%，恒生科技指数跌1%。 | 恒生指数 | 恒生国企 | 恒生科技 | | --- | --- | --- | | 27077.10 | 9615.32 | 6556.51 | | -63.82 -0.24% | -43.02 -0.45% | -66.34 -1.00% | | 恒指期货 | 港股通50 | 恒生生物科技 | | 27117 | 4053.17 | 17844.56 | | -64 -0.24% | -7.52 -0.19% | -160.94 -0.89% | 板块上来看，有色金属板块领涨，钴金属、涉矿、贵金属等概念个股涨幅居前；电气设备、日常消费零售、半导体等板块震荡调整。 今日现货黄金开盘快速走高，向上触及3920美元/盎司，日内涨0.87%，续创历史新高。 华侨银行环球经济与市场研究主管Heng Koon How表示，随着全球零售投资需求持续升温，黄金的涨势毫无放缓迹象。由去美元化担忧推动的强劲避险资 金流入，正支撑着黄 ...

Core Insights - The article highlights the rapid development and innovation in Jiyuan, Henan Province, showcasing its industrial transformation and economic growth. Industry and Company Developments - Jiyuan has 13 companies listed in the latest "China's Top 500 Enterprises" list, with Jiyuan alone accounting for three spots [2] - Innovative technologies from local companies, such as the non-exchange electrode casting process and new fire refining zinc technology, are world-firsts [2] - Jiyuan is transitioning from a raw material city to a new materials powerhouse, focusing on industrial strength and structural adjustments [3] Technological Innovations - Jiyuan Xinghan New Materials Technology Co., Ltd. has developed a key material that replaces pure silver paste, reducing costs by 20% to 40% [4] - The local supply chain supports rapid expansion, with main raw materials sourced from nearby smelting enterprises [4] - The city is fostering innovation through partnerships with universities and tackling industry challenges, such as high-salt wastewater utilization [6] Economic Performance - Jiyuan's non-ferrous metal industry cluster has an annual output value nearing 200 billion, with other sectors like steel processing and modern chemicals also approaching significant milestones [5] - The city has seen a 6.9% year-on-year increase in foreign trade, with total imports and exports reaching 33.94 billion [9] - By 2024, Jiyuan's total import and export value is expected to exceed 40 billion for the first time [10] Strategic Initiatives - Jiyuan is implementing a "1+5+N" strategic layout to enhance its development goals and strengthen its economic foundation [10] - The city has signed 196 projects with a total investment of 65.389 billion, with over 70% in advanced manufacturing and strategic emerging industries [10] - Cultural initiatives, such as the original musical "Yugong Yishan," are enhancing the city's soft power and attracting tourism, with a 13.89% increase in visitors [10]

Group 1 - The Hong Kong stock market experienced a strong start in October, with the Hang Seng Index rising 1.61% to close at 27,187.12 points, marking a nearly four-year high [2] - The technology sector led the gains, with notable increases in stocks such as SMIC (+12.7%), Xinyi Solar (+9.9%), Alibaba (+3.45%), and Kuaishou (+8.57%) [2] - Market turnover reached 222.468 billion HKD on October 2, despite the absence of southbound capital due to the National Day holiday [2] Group 2 - European investors have shown a significant recovery in confidence towards the Chinese stock market, driven by relatively low valuations and ongoing innovation [3] - Bank of America recommends increasing exposure to Chinese stocks while focusing on the inflow of household savings into the market, which is expected to boost consumption and CPI [3] - Morgan Stanley reports that over 90% of U.S. investors plan to increase their exposure to Chinese stocks, particularly in technology sectors like AI and biotechnology [3] Group 3 - The Hong Kong stock market continued its upward trend in September, supported by the resumption of U.S.-China trade negotiations and expectations of overseas interest rate cuts [4] - The net inflow of southbound capital exceeded 1.1 trillion HKD in 2023, setting a new historical high, which has been a key driver for the market [4] - The report highlights that the ongoing demand for quality AI-related stocks from mainland investors remains strong [4] Group 4 - The Hang Seng Index has rebounded significantly, gaining over 20% this year, but still has about 30% to go to reach its historical high [5] - The market is characterized as a "repair bull market," where many investors may still be at a loss until the index breaks historical highs [5] - Future performance of the Hong Kong stock market is expected to be influenced by U.S. Federal Reserve rate cuts, AI technology advancements, and supportive policies [5] Group 5 - Future performance of the Hong Kong stock market will depend on the pace of U.S. Federal Reserve rate cuts, progress in U.S.-China relations, and the implementation of mainland growth policies [6] - The market may enter a "quiet season" due to the National Day and Mid-Autumn Festival holidays, with potential short-term volatility from uncertainties in U.S. government financing [6] - Some quality sectors in the Hong Kong market are nearing historical high valuations, which may lead to profit-taking pressures in the short term [6]

Core Insights - The logistics line from Zhangjiagang to Jinchang connects important port cities in the Yangtze River Delta with the northwest's non-ferrous metal industrial hub, facilitating a comprehensive logistics solution for three major industries: non-ferrous metals, chemicals, and specialty agricultural products [6][22] Non-Ferrous Metal Logistics - Jinchang's non-ferrous metal industry has strict transportation requirements for nickel and copper raw materials, including corrosion prevention and collision protection [7] - A recent shipment involved transporting 800 tons of nickel concentrate and 500 tons of electrolytic nickel plates, emphasizing the need for moisture and oxidation prevention [7][10] - The logistics team implements five core measures to ensure safe transportation, including specialized protective designs and route optimization [8][10] Chemical Logistics - The chemical industry in Jinchang requires high compliance and safety standards for transporting sulfuric acid and fertilizers, with a focus on leak prevention and corrosion protection [11] - A shipment of 600 tons of concentrated sulfuric acid and 400 tons of compound fertilizer was executed with strict adherence to safety protocols [11][14] - The logistics team employs four core measures for chemical transportation, including tiered protection and compliance control [12][14] Specialty Agricultural Products Logistics - Jinchang's agricultural sector focuses on the transportation of specialty products like barley and fruits, necessitating cold chain preservation and timely delivery [15] - The logistics team has established a distribution center in Jinchang to facilitate efficient delivery to farmers and cooperatives [16][21] - The transportation process ensures minimal product loss, with a reported loss rate of only 0.6% for agricultural products [21] Integrated Logistics Solutions - The logistics line has developed a "nine-step closed-loop service process" to cater to the needs of the non-ferrous metal, chemical, and agricultural industries, enhancing efficiency in logistics operations [22][24] - In 2024, the logistics service is projected to transport over 60,000 tons of goods, supporting more than 150 enterprises and fostering industrial collaboration between Zhangjiagang and Jinchang [22][23]

智通财经9月30日讯，今日52股涨停，23股炸板，封板率为69%，蓝丰生化7连板，华建集团4连板，天 际股份3连板，冠中生态20cm2连板，山子高科13天8板，精艺股份5天4板，中电鑫龙7天4板，通润装备 5天3板，合锻智能7天3板。今日盘面上，沪深两市成交额2.18万亿，较上一个交易日放量200亿。市场 热点题材反复活跃，有色金属、存储芯片板块涨幅居前，白酒、大金融等板块跌幅居前。截至收盘，沪 指涨0.52%，深成指涨0.35%，创业板指涨0.00%。 人气及连板股分析 连板晋级率降至37.5%，连板最高标蓝丰生化继续向上晋级7连板，但高位股内部仍相对分化，昨日两 只3板股华建集团实现晋级的同时，吉鑫科技断板跌停。此前3连板的20厘米人气股品茗科技盘中一度触 及涨停，带动20厘米方向赚钱效应显著增强，2连板的冠中生态在内的多股涨停。不过权重方向仍相对 分化，昨日爆发的大金融板块再度陷入分歧，而半导体和算力硬件端也延续分化行情，因此容量抱团方 向总体仍以几大热门方向轮动为主。 | 连板数 | 晋级率 | 2025-9-30连板股分布图 | | | --- | --- | --- | --- | | 6进7 | ...