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A股盘前市场要闻速递(2025-09-26)
Jin Shi Shu Ju· 2025-09-26 01:50
Industry News - The China Nonferrous Metals Industry Association opposes "involution" competition in the copper smelting industry, emphasizing that it harms national and industry interests and deviates from high-quality development goals [1] - The Ministry of Commerce of China has added three US companies to the unreliable entity list and three others to the export control list, prohibiting them from engaging in import and export activities related to China [2] - The Ministry of Commerce calls for countries to jointly oppose unilateralism and protectionism, stressing that third-party interests should not be sacrificed due to coercion from others [2] - The total scale of public funds in China has surpassed 36 trillion yuan, marking the fifth historical high this year, with significant growth in stock and mixed funds [3] Company News - The stock of Upwind New Materials will be suspended for verification after rising over 1800% this year, marking its second suspension since a change in control was disclosed [4] - Ganfeng Lithium plans to introduce investors for a capital increase of up to 2.5 billion yuan for its subsidiary, Ganfeng Lithium Battery [4] - Jingfeng Mingyuan has entered mass production of its second-generation DrMos chips, which have been adopted by multiple clients, driving business growth [5] - Pingmei Shenma Group is undergoing a strategic restructuring, which will not significantly impact Pingmei Co.'s operations [5] - Lvtian Machinery clarifies that it has no relationship or business cooperation with Zhuhai Lvtian Machinery Co., Ltd. [6] - Xiamen International Trade holds a 0.67% stake in Mohr Thread through its investment fund [7] - Yuexiu Capital confirms that Mohr Thread is one of its investment projects, with no significant impact on current operating performance [8] - Dazhihui announces a share swap with Xiangcai Co., with a swap price of 9.53 yuan per share for Dazhihui [9] - Putailai has delivered dry and solid-state battery equipment to major domestic and international clients [10] - Hailunzhe's investment in Suzhou Yisheng Robotics is expected to positively impact future performance due to increased demand from Apple [11] - Hanyu Pharmaceutical plans to raise up to 968 million yuan for the development of semaglutide and other projects [12] - Tianen Kang's subsidiary has received approval for clinical trials of a new drug for rosacea, a first in the domestic market [12] - Baili Tianheng's innovative drug has been included in the list of breakthrough therapies by the National Medical Products Administration [13]
文字早评2025-09-26:宏观金融类-20250926
Wu Kuang Qi Huo· 2025-09-26 01:25
文字早评 2025/09/26 星期五 宏观金融类 股指 【行情资讯】 1、中国有色金属工业协会铜业分会表示,国家有关部门正在加快研究如何加强对铜冶炼产能建设规范 化管理具体措施,相信会很快有结果; 2、公募基金总规模突破 36 万亿,今年以来第五次创历史新高,其中 8 月股票基金规模增长超 6200 亿 元,混合基金规模增长超 3300 亿元,货币基金规模增长超 1900 亿元,而债券基金规模下降超 280 亿元; 3、中国外汇交易中心优化"互换通"运行机制 10 月 13 日起提高每日净限额至 450 亿元; 4、20CM 两连板上纬新材:多次触及股票交易异常波动及严重异常波动情形 明起停牌核查。 期指基差比例: IF 当月/下月/当季/隔季:-0.18%/-0.49%/-0.68%/-1.34%; IC 当月/下月/当季/隔季:-0.66%/-1.67%/-2.38%/-4.78%; IM 当月/下月/当季/隔季:-0.82%/-1.95%/-2.99%/-5.87%; IH 当月/下月/当季/隔季:0.04%/-0.04%/0.03%/-0.09%。 【策略观点】 经过前期持续上涨后,AI 等高位热点 ...
2025年1-5月中国精炼铜(电解铜)产量为605.3万吨 累计增长8%
Chan Ye Xin Xi Wang· 2025-09-26 01:05
Group 1 - The core viewpoint of the article highlights the growth in China's refined copper (electrolytic copper) production, with a projected output of 1.25 million tons in May 2025, representing a year-on-year increase of 13.6% [1] - From January to May 2025, China's cumulative refined copper production reached 6.053 million tons, showing a cumulative growth of 8% [1] - The article references a report by Zhiyan Consulting, which provides an analysis of the electrolytic copper foil industry in China from 2025 to 2031, indicating a focus on market conditions and investment prospects [1] Group 2 - The listed companies in the copper industry include Jiangxi Copper, Yunnan Copper, Zijin Mining, Tongling Nonferrous Metals, Western Mining, Silver Industry, Chuanjiang New Material, Hailiang Co., Xin Ke Materials, and Xiyang Co [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in in-depth industry research reports, business plans, feasibility studies, and customized services [1] - The data presented is sourced from the National Bureau of Statistics and organized by Zhiyan Consulting, emphasizing the reliability of the information [1]
冠通期货资讯早间报-20250926
Guan Tong Qi Huo· 2025-09-26 00:43
地址:北京市朝阳区朝阳门外大街甲6号万通中心D座20层(100020) 总机:010-8535 6666 本公司具备期货交易咨询业务资格,请务必阅读免责声明。 分析师:王静,执业资格证号 F0235424/Z0000771。 免责声明: 隔夜夜盘市场走势 1. 国际贵金属期货普遍收涨,COMEX 黄金期货涨 0.33%报 3780.5 美元/盎司, COMEX 白银期货涨 2.89%报 45.47 美元/盎司。 2. 国际油价窄幅震荡,美油主力合约收涨 0.35%,报 65.22 美元/桶;布伦特原 油主力合约涨 0.5%,报 68.8 美元/桶。 3. 伦敦基本金属涨跌参半,LME 期镍跌 1.15%报 15240 美元/吨,LME 期铜跌 0.59%报 10275.50 美元/吨,LME 期锌跌 0.53%报 2922.5 美元/吨,LME 期铅涨 0.48%报 2009 美元/吨,LME 期铝涨 0.47%报 2664 美元/吨,LME 期锡涨 0.20%报 34390 美元/吨。 4. 截至 2:20 收盘,美大豆涨 0.30%,美玉米涨 0.12%,美豆油涨 0.72%,美豆 粕跌 1.01%,美小 ...
特朗普宣布将对进口建材、家具及药品实施高额关税;广州:房企自持住房可入市销售|盘前情报
2 1 Shi Ji Jing Ji Bao Dao· 2025-09-26 00:41
9月25日,市场震荡上行,创业板指探底回升一度涨逾2%,续创3年多新高。截至收盘,沪指跌0.01%, 深成指涨0.67%,创业板指涨1.58%。沪深两市成交额2.37万亿,较上一个交易日放量443亿。板块方 面,游戏、AI应用、可控核聚变等板块涨幅居前,港口航运、贵金属、油气等板块跌幅居前。 | 名称 | 最新点位 | 涨跌幅 | | --- | --- | --- | | 上证指数 | 3853.3 | -0.34(-0.01%) | | 深证指数 | 13445.9 | +89.76(0.67%) | | 创业板指 | 3235.76 | +50.19(1.58%) | | | 日期:9月25日 制图:21投资通 | | 隔夜外盘 纽约股市三大股指9月25日集体下挫。截至当天收盘,道琼斯工业平均指数比前一交易日下跌173.96 点,收于45947.32点,跌幅为0.38%;标准普尔500种股票指数下跌33.25点,收于6604.72点,跌幅为 0.50%;纳斯达克综合指数下跌113.16点,收于22384.70点,跌幅为0.50%。 欧洲三大股指9月25日全线下跌。截至当天收盘,英国富时100种股票平均价 ...
两大能源巨头,筹划战略重组;数字人民币国际运营中心正式运营……盘前重要消息还有这些
Sou Hu Cai Jing· 2025-09-26 00:21
Group 1 - The Ministry of Commerce of China has initiated an anti-dumping investigation into imported pecans from Mexico and the United States, citing evidence of sales below normal value and significant market impact on domestic products [2] - Sichuan province is implementing housing support policies tailored to individual cities to stabilize real estate consumption and enhance the supply of quality housing [3] - Guangzhou has introduced new policies allowing real estate companies to sell self-held housing, aimed at alleviating financial pressure on developers [4] Group 2 - International copper prices surged, reaching a two-month high due to a mining accident in Indonesia that is expected to reduce copper sales and delay full operations until mid-2026 [5] - As of the end of August 2025, the net asset value of public funds in China reached 36.25 trillion yuan, with 164 fund management institutions operating in the market [7] - The Digital Renminbi International Operation Center has officially commenced operations, focusing on cross-border digital payment and blockchain services [8] Group 3 - The Ministry of Commerce has urged the U.S. to take positive actions to remove unreasonable tariffs on soybean trade to foster bilateral trade and global economic stability [9] - The China Nonferrous Metals Industry Association has expressed strong opposition to "involution" competition in the copper smelting industry, emphasizing the need for regulatory measures to control capacity expansion [10] Group 4 - Zhejiang Xiantong plans to increase investment in Haohai Xingkong and establish a joint venture for robotics business [12] - China National Petroleum Engineering has signed a $2.524 billion contract for a seawater pipeline project in Iraq [12] - Guizhou Province's investment in infrastructure projects has led to significant contract wins for companies like China Railway and Century Hengtong [12]
【早知道】数字人民币国际运营中心正式运营;广州出新政:房企自持住房可入市销售
Sou Hu Cai Jing· 2025-09-25 23:58
Group 1 - The Ministry of Commerce is conducting an investigation into trade and investment barriers related to restrictions imposed by Mexico on Chinese entities [1] - The Ministry of Commerce urges the U.S. to take proactive measures to eliminate unreasonable tariffs on soybean trade [1] - The Guangzhou government has introduced new policies allowing real estate companies to sell self-held housing [1] Group 2 - As of the end of August, the net asset value of public funds in China reached 36.25 trillion yuan [1] - The Digital Renminbi International Operation Center has officially commenced operations [1] - The "Swap Connect" mechanism is being optimized, expanding the quoting team and increasing the daily net limit to 45 billion yuan [1] Group 3 - The State Administration for Market Regulation is soliciting opinions on the draft of the Food Recall Management Measures [1] - The China Nonferrous Metals Industry Association's Copper Industry Branch firmly opposes "involution-style" competition in the copper smelting industry [1] - The Sichuan government emphasizes the need for continuous efforts to stabilize the real estate market, implementing housing support policies on a city-by-city basis [1] Group 4 - The State Administration for Market Regulation is overseeing the recall of over 700,000 power banks from companies including Romoss [1]
云南铜业:织密风险“防护网” 应对铜市新挑战
Qi Huo Ri Bao Wang· 2025-09-25 23:25
Core Viewpoint - Yunnan Copper achieved record production and improved innovation capabilities despite challenges such as tight raw material supply and historically low copper processing fees [1][2] Financial Performance - In the first half of 2025, Yunnan Copper reported operating revenue of 88.913 billion yuan, a year-on-year increase of 4.27% - The total profit reached 1.895 billion yuan, up 2.94% year-on-year - Net profit attributable to shareholders was 1.317 billion yuan, reflecting a significant year-on-year growth of 24.32% [1] Market Challenges - The copper industry faces significant pressure due to fluctuating U.S. tariff policies, market price differences, and limited copper concentrate supply [2] - The low processing fees have disrupted profit balance across the industry chain, exacerbated by volatile copper prices [2][3] - The price of London copper dropped by approximately 2000 USD/ton in early April due to U.S. tariff policies, leading to a rapid reversal in price differences between London and Shanghai copper [2] Operational Strategies - Yunnan Copper has actively engaged in the futures market for hedging and adjusted procurement strategies to mitigate market volatility [2][3] - The company has focused on cost reduction, efficiency improvement, and maximizing the profit potential of by-products like sulfuric acid [3] - The company achieved a cathode copper production of 779,400 tons in the first half of 2025, a year-on-year increase of 53.22% [3] Pricing Mechanism - The futures market plays a crucial role in pricing copper trades, with long-term contracts typically only specifying processing fees [4] - The pricing mechanism combines futures pricing with adjustments for quality, region, and other factors through a premium/discount system [4] Hedging Optimization - Yunnan Copper aims to enhance its hedging strategies to protect asset value and ensure stable operations amid market fluctuations [5] - The company tailors its risk management strategies based on annual market conditions, focusing on price decline risks for its mining operations [5][6] - The optimization includes adjusting marketing policies, managing positions dynamically, and ensuring adequate margin preparations [6] Risk Management - Effective risk management involves "current closure," where raw materials and products are traded at the same benchmark price to mitigate price risks [7] - The company emphasizes the importance of real-time hedging operations to minimize risks associated with price fluctuations over time [7] - By leveraging the transparent futures market, Yunnan Copper can strategically manage risk exposure and achieve profit objectives [7]
上证早知道|沪深北交易所 集体发布;“互换通”运行机制 迎优化;两大能源巨头 筹划战略重组
Shang Hai Zheng Quan Bao· 2025-09-25 23:17
Market Updates - The Shanghai and Shenzhen stock exchanges announced the holiday trading schedule for the National Day and Mid-Autumn Festival, with a market closure from October 1 to October 8, resuming on October 9 [2] - The China Foreign Exchange Trading Center announced the optimization of the "Swap Connect" mechanism under the guidance of the People's Bank of China, including a dynamic adjustment mechanism for quote providers and an increase in the daily net limit to 45 billion yuan starting October 13, 2025 [2] - The fourth Global Digital Trade Expo signed 45 major projects with a total investment of 64.87 billion yuan (including 300 million USD), focusing on digital economy and artificial intelligence [2] Industry Insights - The China Nonferrous Metals Industry Association's Copper Industry Branch expressed strong opposition to "involution" competition in the copper smelting industry, which has led to persistently low processing fees for copper concentrate [4] - Tianfeng Securities emphasized that the key to "anti-involution" in the copper smelting industry lies in optimizing capacity, including phasing out outdated capacity and enhancing efficiency through advanced smelting technologies [5] Company Announcements - Pingmei Shenma Group notified Pingmei Co. that the Henan Provincial Government decided to implement a strategic restructuring of Henan Energy Group and Pingmei Shenma Group [9] - China Railway recently won multiple major engineering contracts totaling approximately 50.215 billion yuan, accounting for about 4.34% of the company's projected revenue for 2024 [10] - China Oil Engineering announced that its subsidiary signed an EPC contract worth 2.524 billion USD (approximately 18.032 billion yuan) for a seawater pipeline project in Iraq [11] - Baili Tianheng's drug Iza-bren has been included in the list of breakthrough therapeutic varieties by the National Medical Products Administration, with seven indications already recognized [12] - New Nuo Wei's drug for Alzheimer's disease has received approval for clinical trials, marking a significant milestone in the development of biosimilars in China [13] - Jihong Co. expects a net profit of 257 million to 270 million yuan for the first three quarters of 2025, representing a year-on-year increase of 95.07% to 105.31% [14] Institutional Activity - Four institutional seats purchased a total of 106 million yuan in Heng Erda, which represents 12.1% of the total trading volume [15] - One institutional seat bought 134 million yuan in Inspur Information, accounting for 1.3% of the total trading volume [16]
全球第二大铜矿暂停生产 沪铜期货市场迎来77亿元资金流入
Zheng Quan Shi Bao Wang· 2025-09-25 23:16
Core Viewpoint - The recent suspension of production at the world's second-largest copper mine has intensified the pressure on global copper supply, while domestic associations have issued a clear signal against "involution" competition in the copper smelting industry, leading to increased market activity and investment in copper-related financial products [1] Group 1: Copper Supply and Market Dynamics - The suspension of production at a major copper mine has led to tighter global copper supply [1] - The copper smelting industry is facing ongoing issues with low processing fees due to intense competition, prompting industry associations to oppose such practices [1] - On September 25, the Shanghai copper futures market saw an influx of 7.7 billion yuan in capital, indicating increased market activity [1] Group 2: Investment Trends - There has been a significant increase in capital inflow into index funds with high copper content, reflecting investor interest in copper-related assets [1] - The trading volume in the copper market has noticeably expanded, suggesting heightened investor engagement [1]