Report Summary 1. Report Industry Investment Ratings No investment ratings are provided in the reports. 2. Core Views - **Lithium Carbonate**: The market sentiment remains pessimistic, with the futures market weak. Supply pressure is evident due to increased production and imports, while demand is relatively flat. The short - term trend is expected to be weak, with the main contract price likely to test the 60,000 yuan level, but excessive bearishness is not recommended [1]. - **Nickel**: The macro - sentiment has improved, and the cost provides strong support. However, the medium - term supply is expected to be loose, restricting the upside. The short - term market is expected to be volatile, with the main contract price ranging from 122,000 to 128,000 yuan [3]. - **Stainless Steel**: The market is in a state of weak shock. The supply is in an over - capacity situation, and the demand is slowly recovering. The inventory pressure has slightly eased. The short - term market is expected to be volatile, with the main contract price ranging from 12,600 to 13,200 yuan [4]. - **Tin**: The macro - sentiment may drive the price to rebound, but considering the supply recovery and weak demand expectations, a short - selling strategy can be attempted in the 265,000 - 270,000 yuan range, with attention paid to the supply recovery [5]. - **Aluminum Oxide**: The spot market is expected to remain tight in the short term, with prices likely to be strong and volatile. Attention should be paid to the production resumption of enterprises [6]. - **Aluminum**: The macro - factors provide support, and low inventory strengthens price resilience. However, the demand is facing seasonal and trade uncertainties, limiting the upside. The price is expected to range from 19,500 to 21,000 yuan [6]. - **Zinc**: Short - term prices may be supported by tariff easing, but the long - term supply is in a loose cycle. The price may maintain a high - level shock or decline, depending on supply and demand [8]. - **Copper**: The market presents a "strong reality + weak expectation" situation. The short - term price is expected to be volatile, with attention paid to the sustainability of the strong fundamentals after May and the tariff negotiation rhythm [11]. 3. Summary by Directory Lithium Carbonate - **Price and Basis**: SMM battery - grade lithium carbonate均价 dropped 1.24% to 63,700 yuan/ton, and industrial - grade dropped 1.27% to 62,050 yuan/ton. The basis of SMM battery - grade lithium carbonate increased 200% to 720 yuan/ton [1]. - **Fundamental Data**: In April, lithium carbonate production decreased 6.65% to 73,810 tons, while demand increased 3.02% to 89,627 tons. In March, imports increased 47.03% to 18,125 tons, and exports decreased 47.25% to 220 tons [1]. Nickel - **Price and Basis**: SMM 1 electrolytic nickel均价 dropped 0.89% to 125,000 yuan/ton. The import loss increased 7.62% to - 3,910 yuan/ton [3]. - **Cost of Electrolytic Nickel Production**: The cost of integrated MHP production of electrolytic nickel decreased 0.49% to 126,132 yuan/ton, while the cost of integrated high - grade nickel matte production increased 1.05% to 133,478 yuan/ton [3]. - **Supply and Inventory**: China's refined nickel production increased 6.08% to 36,300 tons in April, and imports decreased 68.84% to 8,164 tons. SHFE inventory decreased 3.02% to 27,808 tons [3]. Stainless Steel - **Price and Basis**: The price of 304/2B (Wuxi Hongwang 2.0 coil) remained unchanged at 13,200 yuan/ton, and the basis increased 3.70% to 420 yuan/ton [4]. - **Raw Material Prices**: The price of 8 - 12% high - nickel pig iron increased 0.27% to 944 yuan/nickel point [4]. - **Fundamental Data**: In April, China's 300 - series stainless steel crude steel production increased 11.37% to 344.01 million tons, and exports increased 70.98% to 47.06 million tons [4]. Tin - **Spot Price and Basis**: SMM 1 tin均价 dropped 0.15% to 265,100 yuan/ton, and the LME 0 - 3 premium increased 35.43% to - 82 dollars/ton [5]. - **Fundamental Data (Monthly)**: In March, tin ore imports decreased 4.83% to 8,323 tons, and SMM refined tin production increased 8.75% to 15,280 tons [5]. - **Inventory Changes**: SHEF inventory decreased 3.46% to 8,417 tons, and social inventory decreased 2.30% to 9,959 tons [5]. Aluminum - **Price and Spread**: SMM A00 aluminum均价 dropped 0.20% to 20,270 yuan/ton. The import loss increased 45.3 yuan/ton to - 1,311 yuan/ton [6]. - **Fundamental Data**: In April, alumina production decreased 6.17% to 708.35 million tons, and electrolytic aluminum production decreased 2.91% to 360.60 million tons [6]. - **Inventory**: China's electrolytic aluminum social inventory decreased 2.66% to 58.50 million tons, and LME inventory decreased 0.51% to 39.3 million tons [6]. Zinc - **Price and Spread**: SMM 0 zinc ingot均价 dropped 0.53% to 22,650 yuan/ton. The import loss decreased 79.77 yuan/ton to - 386 yuan/ton [8]. - **Fundamental Data**: In April, refined zinc production increased 0.31% to 50.98 million tons. In March, imports increased 9.47% to 5.78 million tons, and exports decreased 77.37% to 0.02 million tons [8]. - **Inventory**: China's zinc ingot seven - region social inventory decreased 1.99% to 8.38 million tons, and LME inventory decreased 2.07% to 16.1 million tons [8]. Copper - **Price and Basis**: SMM 1 electrolytic copper均价 dropped 0.91% to 78,110 yuan/ton. The import loss decreased 114.59 yuan/ton to - 158 yuan/ton [11]. - **Fundamental Data**: In April, electrolytic copper production increased 0.32% to 112.57 million tons. In March, imports increased 15.24% to 30.88 million tons [11]. - **Inventory**: Domestic social inventory increased 13.08% to 13.92 million tons, and SHFE inventory increased 34.00% to 10.81 million tons [11].

若问古今兴废事，请君只看洛阳城。"十三朝古都""新中国工业重镇"的光环早已褪去，洛阳如今只是艰难追逐全省脚步的普通城市。 今年一季度，洛阳经济总量1355.4亿元，同比增长5.9%。值得关注的是，这是洛阳经济增速近7个季度来首次与全省持平，还是在去年同期基数较低 （1.5%）的基础上。 如今的洛阳，比任何时候都更渴望产业升级，渴望人才流入。近期洛阳动作频频——市委政研室发文剖析当地引才留才的短板，洛阳出台政策降低经济适用 住房认购门槛，无不针对人才引进大做文章。 洛阳能否抓住如今就业市场变化带来的引才机遇，重现荣光？ -01- 痛失"中西部非省会第一城" 比2022年还要更早一些 其实情形比这个还要更严峻一些。因为GDP统计有初核和终核，而洛阳在终核时经常调减数据。因此，真实情况是，洛阳在2021年（5384.2亿元）就已经被 榆林（5621.3亿元）赶超，到2022年已经降至中西部非省会第五，被榆林、鄂尔多斯、襄阳、宜昌集体赶超。 洛阳的问题官方其实很清楚。今年洛阳政府工作报告就直言自身短板——新质生产力尚未形成有力支撑，产业转型升级任务艰巨。但知易行难，洛阳的转型 并没有那么容易。 近代洛阳的最强标签，是 ...

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中辉有色观点 金银：俄乌有进展、银行被降级博弈，黄金震荡 表 1：产业高频数据 | 盘面信息 | 最新 | 最新 | 前位 | 涨跌 | 上周 | 周变化 | | --- | --- | --- | --- | --- | --- | --- | | 黄金 | SHFE黄金 | 755. 86 | 751.8 | 0. 54% | 772 | -2. 13% | | | COMEX黄金 | 3231 | 3205 | 0. 80% | 3242 | -0. 34% | | 白银 | SHFE白银 | 8133 | 8101 | 0. 40% | 8232 | -1.20% | | | COMEX白银 | 33 | 32 | 0. 25% | 33 | -0. 87% | | | 上海金银比 | 92. 94 | 92. 80 | 0. 14% | 93. 40 | -0. 50% | | 比价 | COMEX全银比 | 98. 84 | 98. 84 | 0. 00% | 98. 35 | 0. 49% | | | SHFE 金 / COMEX | 7. 38 | 7.34 | 0. 54% | 7.44 | ...

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截至 5 月 19 日收盘，沪铜主力 06 合约下跌 0.63%至 77820 元/吨。中 美关税冲突缓和，叠加国内密集出台"稳增长"政策组合拳，同时美国 通胀降温，美联储降息概率加大，整个宏观面上交易情绪回暖，对铜价 有所提振。基本面，铜精矿现货 TC 继续回落，创历史新低，但下跌速度 放缓，短期对炼厂产量影响不大。随着铜价上行，持货商挺价出货与下 游畏高保守采购形成博弈，下游订单新增相对有限，消费提升空间不大， 5 月部分铜材加工率环比有所下滑，虽好于去年同期，但需求已有走弱 迹象。旺季转淡，库存低位累库，对铜价的支撑作用减弱，现货升水或 将承压。整体来看，宏观偏好，而基本面有所转弱，沪铜近期或仍维持 震荡格局。 有色金属日报 ◆ 铝： 基本金属 截至 5 月 19 日收盘，沪铝主力 07 合约下跌 0.20%至 20110 元/吨。近 日几内亚政府撤销部分矿山采矿许可证问题有进一步升级，推动氧化铝 价格大涨，但具体影响有待评估。氧化铝运行产能周度环比增加 10 万吨 至 8685 万吨，全国氧化铝库存 324.6 万吨，周度环比减少 4.2 万吨。 氧化铝企业检修减产和主动压产仍在继续，市场处于投产、复 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 股票代码：002842股票简称：翔鹭钨业 公告编号：2025-055 广东翔鹭钨业股份有限公司 关于举行2024年度网上业绩说明会的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 重要内容提示： ● 会议召开时间：2025年05月22日（星期四）15:30-16:30 ● 会议召开方式：网络互动方式 ● 会议召开地点：价值在线（www.ir-online.cn） ● 会议问题征集：投资者可于2025年05月22日前访问网址 https://eseb.cn/1ooG5dmK79C或使用微信扫描 下方小程序码进行会前提问，公司将通过本次业绩说明会，在信息披露允许范围内就投资者普遍关注的 问题进行回答。 ■ 广东翔鹭钨业股份有限公司（以下简称"公司"）已于2025年4月29日在巨潮资讯网 （www.cninfo.com.cn）披露了《2024年年度报告》及《2024年年度报告摘要》。为便于广大投资者进 一步了解公司2024年度经营情况，公司拟于2025年5月22日（星期四）下午15:30-16:30在"价值在 ...

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Economic Performance - In April, the industrial added value for large-scale industries grew by 6.1% year-on-year, down from 7.7% in March, with a cumulative year-on-year growth of 6.4%[3] - High-tech industries maintained a strong performance with a 10% year-on-year growth in April, although slightly down from 10.7% in March[3] - Fixed asset investment saw a cumulative year-on-year growth of 4% in April, a decrease of 0.2 percentage points from the first quarter[3] Consumer Trends - The total retail sales of consumer goods in April increased by 5.1% year-on-year, down from 5.9% in March, but still better than the previous year's performance[3] - Jewelry retail sales surged by 25.3% year-on-year in April, significantly higher than the previous month's 10.6% growth[3] - Home appliance and audio-visual equipment sales also showed strong growth at 38.8% year-on-year in April, up from 35.1% in March[3] Employment and External Factors - The urban surveyed unemployment rate in April was 5.1%, a slight decrease of 0.1 percentage points from the previous month, indicating stable employment conditions[3] - Despite external pressures, domestic demand indicators such as employment and retail sales did not show signs of a sharp decline, suggesting resilience in the economy[3] - The report highlights potential risks from export-driven growth strategies that may affect the second half of the year[3]

中辉有色观点 | 品种 | 核心观点 | 主要逻辑及价格区间 | | --- | --- | --- | | 黄金 | 高位调整 | 关税谈判尚在进行，黄金价格短期或震荡调整，不过俄乌谈判无果，美国信用 评级被下调，黄金价格预计继续大幅调整空间有限。关注 740-750 表现。长期 | | | | 看，黄金是未来秩序筹码，战略配置价值高。【740-760】 | | | | 白银逻辑不变，白银基本面变化不大，关税影响各国经济，各国财政政策宽松 | | 白银 | 宽幅调整 | 应对未来经济波动，白银金融属性和商品属性比较敏感，受黄金和基本金属影 | | | | 响较大，操作上延续此前的区间思路对待。【8000-8200】 | | | | 美国经济数据展现韧性，美联储降息预期下滑，美元走强压制铜价，COMEX 铜持 | | 铜 | 多单止盈 | 续抽干全球铜库存，高铜价对需求抑制作用逐渐显现，建议多单逐渐高位止盈，中 | | | | 长期依旧看好铜。沪铜关注区间【77000，78000】 | | | | 消费淡季开启，锌上方空间有限，建议前期空单继续持有，长期看，锌供增需 | | 锌 | 空单持有 | 弱，把握逢高 ...