Group 1: Interest Rates and Bonds - HSBC suggests that without support from the Bank of Japan, the Japanese government bond yield curve may continue to steepen due to unfavorable factors leading to a prolonged steep curve [1] - The clarity of Japan's fiscal policy trajectory and the Bank of Japan's bond purchasing plan will be crucial for stabilizing the long-term yield curve in the coming weeks [1] Group 2: Commodity Prices - ANZ analysts report that a weaker US dollar and tight market supply are expected to drive up base metal prices, with copper rising 1.2% to $9,614 per ton [2] - Concerns about the economic backdrop are limiting the price increases of other base metals, although aluminum market supply growth is slowing, which may keep the overall market tight [2] Group 3: Trade and Travel - The Royal Bank of Canada indicates that trade tensions are reshaping Canadian travel plans, potentially boosting domestic consumption while widening the US trade deficit [3] - A notable decline in Canadians returning from the US was observed, with a 20% drop in air travel and a 26% drop in car travel in April [3] Group 4: US Fiscal Policy - CICC reports that the "one big beautiful bill" passed in the House is likely to significantly increase the US fiscal deficit over the next decade, with a debt issuance wave expected between July and September [4] - The report highlights that the US may not have the conditions to effectively reduce the deficit due to structural issues and global competition [4] Group 5: Market Trends - Zhongyuan Securities suggests focusing on sectors like power equipment, grid equipment, and cultural media, as the market is expected to steadily trend upwards [5] - CITIC Securities notes that the trade war is causing structural changes in the global stock market, with a shift in capital allocation towards financial and technology sectors [6] Group 6: Nuclear Industry - CITIC Securities indicates that the controllable nuclear fusion industry is expected to accelerate due to favorable policies, increased financing, and technological advancements [7] - Huatai Securities sees opportunities in the nuclear power equipment sector as uranium prices recover and global nuclear energy policies strengthen [8]

LME注册及注销仓单日报 金十期货5月23日讯，伦敦金属交易所（LME）有色金属注册及注销仓单如下： 1. 铜注册仓单92650吨，注销仓单72075吨，增加3425吨。 2. 铝注册仓单322725吨，注销仓单61850吨，减少2325吨。 3. 镍注册仓单178794吨，注销仓单19842吨，减少2274吨。 4. 锌注册仓单80175吨，注销仓单73325吨，减少2725吨。 5. 铅注册仓单233725吨，注销仓单60300吨，减少1525吨。 6. 锡注册仓单2285吨，注销仓单380吨，持平。 ...

Summary of Key Points Core Viewpoint - The London Metal Exchange (LME) reports a decrease in the inventory of several base metals, indicating potential supply tightening in the market [1]. Inventory Changes - Copper inventory stands at 166,525 tons, a decrease of 2,300 tons [1] - Aluminum inventory is at 386,900 tons, down by 2,000 tons [1] - Nickel inventory is recorded at 200,910 tons, with a reduction of 876 tons [1] - Zinc inventory is at 156,225 tons, decreasing by 1,650 tons [1] - Lead inventory has increased to 295,825 tons, up by 13,700 tons [1] - Tin inventory is at 2,665 tons, with a slight decrease of 5 tons [1]

伦敦金属交易所(LME)：铝库存减少2000吨，锌库存减少1650吨，镍库存减少876吨，铅库存增加13700 吨，锡库存减少5吨，铜库存减少2300吨。 ...

智通财经APP获悉，港交所(00388)旗下伦敦金属交易所(LME)已批准在香港增设三家仓储设施，令香港 的仓储设施总数达到7家。首批四家仓储设施将于7月开始运营。LME行政总裁张柏廉(Matthew Chamberlain)昨天表示，仍有LME认证的仓库营运商正跟本地业者洽谈合作，打算把版图扩展至香 港，但港交所未能给予第三批申请获批的时间表，因为部分涉及改建或重新兴建一个仓库，以应对地面 承重问题，所以需要较长时间，预期香港认可仓库增加的速度会放慢。 他指在港仓库可面向高价值的铜、镍及锌等，在中国有更大需求的高价值金属运作，料便利实物交收及 满足与内地市场之间的套戥所需。现时和LME合作的营运商有25家。他认为未来在港增设仓库的需求 会由市场驱动。至于内地市场，因为内地未有批准外国交易所设仓，所以仍然聚焦于亚太区市场。该所 实物市场主管Georgina Hallett称，LME对在港增加更多仓库持开放态度。 张柏廉提到香港当前金属储放仓库面积并不如其他已建设地点，相对东南亚金属仓库具备低廉租金的特 点，香港仓库网络成本也可能最高，但因为存仓期短，香港物流服务又优质，可快速运送金属，有助交 付期压缩，抵销高 ...

智通财经5月22日电，CME据称商谈设立香港仓库，此前伦敦金属交易所批准在香港的仓储设施。 ...

美国芝加哥商品交易所（CME）效仿伦敦金属交易所（LME）的做法，也洽谈在中国香港成立仓库。 ...

LME注册及注销仓单日报 金十期货5月21日讯，伦敦金属交易所（LME）有色金属注册及注销仓单如下： 1. 铜注册仓单102825吨。注销仓单66000吨，减少450吨。 2. 铝注册仓单322725吨。注销仓单66175吨，减少2025吨。 3. 镍注册仓单179028吨。注销仓单22758吨，增加1680吨。 4. 锌注册仓单81200吨。注销仓单76675吨，减少2800吨。 5. 铅注册仓单216175吨。注销仓单65950吨，减少55900吨。 6. 锡注册仓单2300吨。注销仓单370吨，减少5吨。 ...

伦敦金属交易所(LME)：锌库存增加1150吨，铝库存减少2025吨，铜库存减少1925吨，铅库存增加 36375吨，锡库存增加15吨，镍库存减少312吨。 ...

Group 1 - The London Metal Exchange (LME) reported a decrease in copper inventory by 3,575 tons, totaling 170,750 tons [1] - Aluminum inventory decreased by 2,525 tons, bringing the total to 390,925 tons [1] - Nickel inventory increased by 90 tons, reaching 202,098 tons [1] Group 2 - Zinc inventory saw a reduction of 4,075 tons, now at 156,725 tons [1] - Lead inventory decreased by 600 tons, totaling 245,750 tons [1] - Tin inventory also decreased by 85 tons, now at 2,655 tons [1]