天眼查App显示，近日，葫芦岛市南票区鑫盛源新材料制品厂（个人独资）成立，法定代表人为刘俊 奎，注册资本50万人民币，经营范围为一般项目：常用有色金属冶炼；非金属矿及制品销售；非金属矿 物制品制造；石油制品制造（不含危险化学品）；石油制品销售（不含危险化学品）；铸造用造型材料 销售；铸造用造型材料生产；金属基复合材料和陶瓷基复合材料销售；木材加工；木材销售；石墨及碳 素制品制造；石墨及碳素制品销售；耐火材料生产；耐火材料销售；煤炭及制品销售；选矿。（除依法 须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

Market Overview - As of September 18, the futures concept sector declined by 3.05%, ranking among the top declines in concept sectors, with Yunnan Copper, Guosheng Financial Holdings, and Great Wall Securities leading the losses [1][2] Sector Performance - The top-performing concept sectors today included: - F5G concept: +1.45% - Co-packaged optics (CPO): +1.35% - Copper cable high-speed connection: +1.27% - National big fund holdings: +1.26% - AI PC: +1.05% [1] - The sectors with the largest declines included: - Metal lead: -3.94% - Metal zinc: -3.88% - Gold concept: -3.08% - Futures concept: -3.05% [1] Capital Flow - The futures concept sector experienced a net outflow of 14.853 billion yuan, with 61 stocks seeing net outflows, and 28 stocks exceeding 1 billion yuan in net outflows. The stock with the highest net outflow was Dongfang Wealth, with a net outflow of 4.991 billion yuan [1][2] - Other notable net outflows included: - CITIC Securities: -2.674 billion yuan - Guotai Junan: -746 million yuan - Shouchuang Securities: -512 million yuan [1] Individual Stock Performance - The stocks with the largest net outflows in the futures concept sector included: - 300059 Dongfang Wealth: -4.75%, turnover rate: 6.86%, net outflow: -4990.97 million yuan - 600030 CITIC Securities: -2.21%, turnover rate: 3.06%, net outflow: -2673.97 million yuan - 601211 Guotai Junan: -1.84%, turnover rate: 1.57%, net outflow: -745.51 million yuan [2][3] - Other significant declines included: - 002939 Great Wall Securities: -6.14% - 000878 Yunnan Copper: -6.23% [2]

Core Viewpoint - Shunbo Alloy's stock price has experienced a decline of 5.03% on September 18, with a total market capitalization of 4.927 billion yuan, indicating a continuous downward trend over the past three days [1] Company Overview - Chongqing Shunbo Aluminum Alloy Co., Ltd. was established on March 21, 2003, and went public on August 28, 2020. The company specializes in the production and sale of recycled aluminum alloy ingots (liquid) [1] - The main revenue composition includes aluminum alloy ingots (liquid) at 93.30%, rolled aluminum products at 5.28%, other supplementary products at 1.11%, entrusted processing fees for aluminum alloy ingots at 0.31%, and aluminum particles at 0.01% [1] Fund Holdings - Huatai-PB Fund holds a significant position in Shunbo Alloy, with the Huatai-PB CSI 2000 Index Enhanced A Fund (019923) owning 371,200 shares, accounting for 0.67% of the fund's net value, making it the sixth-largest holding [2] - The fund has incurred a floating loss of approximately 144,800 yuan today, with a total floating loss of 52,000 yuan during the three-day decline [2] Fund Manager Performance - The fund managers of Huatai-PB CSI 2000 Index Enhanced A include Sheng Hao, Lei Wenyuan, and Kong Lingye, with varying tenures and performance metrics [3] - Sheng Hao has a tenure of 9 years and 344 days, managing assets totaling 3.093 billion yuan, with the best return of 123.22% during his tenure [3] - Lei Wenyuan and Kong Lingye both have a tenure of 3 years and 46 days, managing assets of 1.042 billion yuan and 921 million yuan respectively, with Lei achieving a best return of 74.46% [3]

2025年09月18日 国泰君安期货商品研究晨报-绿色金融与新能源 观点与策略 | 镍：冶炼端矛盾并不凸显，关注矿端消息面风险 | 2 | | --- | --- | | 不锈钢：长短线逻辑博弈，钢价或震荡运行 | 2 | | 碳酸锂：储能需求旺盛，震荡运行 | 4 | | 工业硅：关注市场情绪变化 | 6 | | 多晶硅：现货价格小幅抬升 | 6 | 国 泰 君 安 期 货 研 究 所 请务必阅读正文之后的免责条款部分 1 期货研究 商 品 研 究 2025 年 9 月 18 日 镍：冶炼端矛盾并不凸显，关注矿端消息面风险 不锈钢：长短线逻辑博弈，钢价或震荡运行 张再宇 投资咨询从业资格号：Z0021479 zhangzaiyu@gtht.com 【基本面跟踪】 镍基本面数据 | | | 指标名称 | T | T-1 | T-5 | T-10 | T-22 | T-66 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 沪镍主力（收盘价） | 121,790 | -820 | 940 | 0 | 1,450 | 3,220 | | ...

Core Insights - The report by Zhiyan Consulting analyzes the market status and investment prospects of the electrolytic copper foil industry in China from 2025 to 2031 [1] Price Trends - According to data from the National Bureau of Statistics, the market price of electrolytic copper (1) in late August 2025 is projected to be 79,237.1 yuan per ton, reflecting a year-on-year increase of 6.94% and a month-on-month increase of 0.08% [1] - The price of electrolytic copper (1) in late August 2025 is noted to be the highest in the past five years for the same period [1]

免责声明 本报告中的信息均来源于被广发期货有限公司认为可靠的已公开资料，但广发期货对这些信息的准确性及完整比不作任何保证。本报告反映研究人员的不同观点 见解及分析方法，并不代表广发期货或其他展机构的立场，在任何情况下，报告内容仅供参考，报告中的信息或所表达的意见并不构成所达品种买卖的出价或说 价，投资者据此投资，风险自担，本报告旨在发送给广发期货将定客户及其他专业人士，版权归广发期货所有，未经广发期货书面授权，任何人不得对本报告进 任何形式的发布、复制,如引用、刊发,需注明出处为"广发期货" 知识图强,求实奉献,客户至上,合作共赢 | 证监许可【2011】1292号 | 木期货日报 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | | | | | | 量到三 | Z0019556 | | 2025年9月18日 | | | | | | | | 期货和现货价格 | | | | | | | | 品种 | | 9月17日 | 9月16日 | 旅跌 | 张庆喝 | 单位 | | 原木2509 | | 770.0 | 770.0 | 0.0 | 0.00% ...

Macroeconomic and Industry Insights - In August, the Ministry of Finance reported corporate income tax revenue of 31,477 billion yuan, a year-on-year increase of 0.3% [1] - Personal income tax revenue reached 10,547 billion yuan, reflecting a year-on-year increase of 8.9% [1] - Vehicle purchase tax revenue was 1,334 billion yuan, showing a year-on-year decline of 17.7% [1] - Stamp duty revenue totaled 2,844 billion yuan, with a year-on-year increase of 27.4%, including securities transaction stamp duty revenue of 1,187 billion yuan, which surged by 81.7% year-on-year [1] Commodity Market Updates - Palm oil production in Malaysia is expected to decrease by 8.05% from September 1-15, 2025, with a yield drop of 6.94% and an oil extraction rate decline of 0.21% [1] - The expected export volume for palm oil is 404,688 tons, down 24.7% compared to the same period last month [1] - Coking coal auction prices in Linfen market showed mixed results, with 290,000 tons sold and an average price increase of 54 yuan/ton for 7 companies, while 4 companies experienced an average price drop of 20 yuan/ton [1] - Lithium carbonate prices continue to rise, with battery-grade lithium carbonate index price at 73,116 yuan/ton, up 281 yuan/ton; average price at 73,150 yuan/ton, up 300 yuan/ton [1] - The average transaction price for multi-crystalline silicon n-type raw materials was 53,200 yuan/ton, an increase of 8.57% [1] - The average price for n-type granular silicon was 49,500 yuan/ton, reflecting a 3.13% increase [1] Production Data - In August 2025, China's alumina production reached 7.925 million tons, a year-on-year increase of 7.5% [1] - Cumulative alumina production from January to August was 60.523 million tons, up 8.2% year-on-year [1] - China's electrolytic aluminum production in August was 3.800 million tons, a slight year-on-year decrease of 0.5% [1] - Cumulative electrolytic aluminum production from January to August was 30.138 million tons, reflecting a year-on-year increase of 2.2% [1] - In August, China's copper product production was 2.222 million tons, a year-on-year increase of 9.8% [1] - Cumulative refined copper production from January to August was 9.891 million tons, up 10.1% year-on-year [1] Market Predictions - Deutsche Bank has raised its gold price forecast for next year to $4,000 per ounce and silver price forecast to $45 per ounce [1] - As of September 15, total refined oil inventory at Fujairah Port in the UAE decreased to 13.089 million barrels, with reductions in light, medium, and heavy oil inventories [1] - Attention is drawn to the Canadian central bank's interest rate decision scheduled for the evening of September 17 [1]

新华社长沙9月17日电 题：2000家工厂"改造记"——湖南持续推进制造业数字化转型 新华社记者白田田 从龙头企业到中小企业，从高端装备制造到有色金属冶炼，从设备联网到AI赋能……在制造业大省湖 南，数字化转型的浪潮正在涌动。 "十四五"期间，湖南致力于打造国家重要先进制造业高地，规划支持2000家企业进行数字化、网络化、 智能化改造。记者了解到，截至目前，这一目标已经完成。"十四五"收官之年，当地制造业数字化转型 持续"扩围"、迭代升级。 "不愿转""不敢转""不会转"，这是中小企业长期面临的数字化转型难题。近年来，湖南推动"数智赋 能"进企业、进车间、进班组，通过专业服务能力供给、资金支持、人才支撑等举措，帮助中小企业和 龙头企业对齐转型"颗粒度"。 位于长沙市望城经开区的桑特液压技术有限公司主要生产液压元件，其客户是多家知名工程机械主机 厂。去年底，这家企业基本建成数字化管理系统，今年以来又不断优化库存信息系统。 走进桑特液压的智慧车间，每个工位都配置了"工业平板"，工人不时在触摸屏上操作。人员、设备、库 存、质检情况一目了然，加工、清洗、去毛刺、装配等生产环节的时间控制精确到秒。 桑特液压运营总监桂永 ...

Group 1 - The core viewpoint of the article indicates that China's refined copper production in August 2025 reached 1.301 million tons, representing a year-on-year increase of 14.8% [1] - In August, only three smelters underwent maintenance, while two new smelters in East China continued to ramp up production, contributing to a slight month-on-month increase in refined copper output [1] - The high sulfuric acid prices in August helped offset smelting losses, and the processing fees for copper concentrate showed a trend of rising and then falling, which also supported the production levels [1] Group 2 - In September, five smelters are scheduled for maintenance, affecting a total of 1 million tons of crude smelting capacity, leading to an expected production decrease of 14,000 tons compared to August [1] - Apart from routine maintenance, a significant reduction in production is anticipated due to tight supply of anode copper, which is expected to impact 60% of the surveyed sample, resulting in a substantial decline in September output [1]

Core Insights - China's refined copper (electrolytic copper) production in August 2025 reached 1.301 million tons, marking a year-on-year increase of 14.8% [1] - Cumulative production from January to August 2025 totaled 9.891 million tons, reflecting a year-on-year growth of 10.1% [1] Production Data Summary - Total production of ten non-ferrous metals in August was 6.978 million tons, with a cumulative total of 54.317 million tons, showing a year-on-year increase of 3.8% for the month and 3.1% cumulatively [2] - Refined copper (electrolytic copper) production for August was 1.301 million tons, with a cumulative total of 9.891 million tons, indicating a year-on-year increase of 14.8% for the month and 10.1% cumulatively [2] - Lead production in August was 667,000 tons, with a cumulative total of 5.116 million tons, reflecting a year-on-year increase of 3.7% for the month and 0.9% cumulatively [2] - Zinc production in August was 651,000 tons, with a cumulative total of 4.836 million tons, showing a significant year-on-year increase of 22.8% for the month and 5.4% cumulatively [2] - Primary aluminum (electrolytic aluminum) production in August was 3.800 million tons, with a cumulative total of 30.138 million tons, indicating a slight decrease of 0.5% for the month but a 2.2% increase cumulatively [2] - Aluminum alloy production in August was 1.635 million tons, with a cumulative total of 12.324 million tons, reflecting a year-on-year increase of 15.2% for the month and 15.3% cumulatively [2] - Copper products production in August was 2.222 million tons, with a cumulative total of 16.598 million tons, indicating a year-on-year increase of 9.8% for the month and 10.7% cumulatively [2] - Aluminum products production in August was 5.548 million tons, with a cumulative total of 43.790 million tons, showing a year-on-year decrease of 4.2% for the month and no change cumulatively [2]