有色金属业

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平安证券(香港)港股晨报-20251008
Ping An Securities Hongkong· 2025-10-08 02:00
港股晨报 港股回顾 点,跌幅随即扩大至 247 点,低见 23730 点,其后跌幅 一度收窄至仅 20 点,午后大盘走势偏软,尾盘沽压再 度扩大。截至收盘,恒指收报 23831 点,下跌 145 点或 0.61%;国指收报 9656 点,下跌 47 点或 0.49%,大市 成交进一步减至 827.99 亿。港股通录得净流入资金 4.84 亿,其中港股通(沪)净流入 2.83 亿,港股通(深)净 流入 2.01 亿。板块方面,本地地产、软件、5G 概念板 块跌幅靠前;黄金股逆市走强。 周一港股小幅震荡,收盘恒生指数跌 0.67%失守 27000 点,报 26957.77 点,恒生科技指数跌 1.1%,恒生中国企业指数跌 0.88%。博彩股跌幅 居前,新濠国际发展跌超 6%,美高梅中国跌超 4%,银河娱乐跌近 3%;市场担忧新能源汽车需求 放缓,新能源汽车股表现低迷,理想汽车-W 跌超 3%领跌蓝筹。大市成交额 1212.57 亿港元。紫金 矿业上涨 2.52%,国际金价再创新高带动有色金 属板块走强。 美股市场 1. 美股周二收跌,标普 500 指数录得 8 个交易日以 来的首次下跌。道指跌 91.99 点,跌 ...
新华财经早报:9月29日
Zhong Guo Jin Rong Xin Xi Wang· 2025-09-28 23:52
Group 1: Tourism and Travel - The total cross-regional population flow during the Mid-Autumn Festival and National Day holiday is expected to exceed 2.36 billion people, with an average daily flow of approximately 295 million, representing a 3.2% increase compared to the same period last year [1][1] - Domestic and international tourism is showing strong momentum, with cities like Shanghai, Chengdu, Beijing, Guangzhou, Xi'an, Hangzhou, Nanjing, and Chongqing expected to surpass last year's tourism levels [1][1] Group 2: Metals Industry - Eight departments have issued a plan to stabilize growth in the non-ferrous metals industry, targeting an average annual increase of 5% in industry value added and a recycling metal output exceeding 20 million tons [1][1] - The plan emphasizes enhancing the application of rare metals and accelerating the application verification of high-end products in emerging industries such as integrated circuits and artificial intelligence [1][1] Group 3: Food Safety Regulations - The State Administration for Market Regulation has released new regulations to strengthen food safety supervision for catering service chain enterprises, which will take effect on December 1, 2025 [1][1] - The regulations require a tiered management approach based on the number of stores and emphasize the responsibilities of headquarters in managing food safety [1][1] Group 4: Economic Indicators - The global trade friction index rose from 92 in June to 110 in July, indicating an increase in trade tensions, with the monetary value of trade friction measures rising by 6.6% year-on-year and 27.6% month-on-month [1][1] - The latest ETF scale has reached 5.5 trillion yuan, marking a historical high, with 115 ETFs exceeding 10 billion yuan in scale [1][1] Group 5: Investment and Strategic Partnerships - Nanjing Pharmaceutical has signed a strategic investment agreement with Baiyunshan and Guangyao Phase II Fund, involving capital cooperation and distribution channel collaboration [1][1] - Shanghai Future Industry Fund has successfully expanded its scale from 10 billion yuan to 15 billion yuan, focusing on advanced fields such as controlled nuclear fusion and quantum computing [1][1]
港股收盘(09.19) | 恒指平收 博彩、有色股表现亮眼 劲方医药-B(02595)首挂股价翻倍
智通财经网· 2025-09-19 08:50
Market Overview - The Hong Kong stock market showed mixed performance with the Hang Seng Index closing flat at 26,545.1 points and a total turnover of HKD 37.68 billion. The Hang Seng China Enterprises Index rose by 0.17% to 9,472.35 points, while the Hang Seng Tech Index increased by 0.37% to 6,294.42 points. For the week, the Hang Seng Index gained 0.59%, the China Enterprises Index rose by 1.15%, and the Tech Index increased by 5.09% [1] Blue Chip Performance - Sands China (01928) led blue-chip stocks with a rise of 6.19% to HKD 21.6, contributing 4.77 points to the Hang Seng Index. The upcoming National Day and Mid-Autumn Festival boosted demand for gaming stocks, with strong expectations for the Golden Week based on nearly full hotel bookings [2][4] - Other notable blue-chip performances included China Hongqiao (01378) up 4.67% to HKD 26.46, and Galaxy Entertainment (00027) up 4.22% to HKD 42.46 [2] Sector Highlights Gaming Sector - The gaming sector saw significant gains, with Melco International Development (00200) up 6.6% and Wynn Macau (01128) up 6.02%. Macau's gaming revenue reached MOP 22.16 billion in August, marking a 12.2% year-on-year increase [3][4] Gold Stocks - Gold stocks rebounded, with Shandong Gold (01787) rising 6.13% to HKD 35.68. The price of spot gold rose above USD 3,650 following the Federal Reserve's interest rate cut, with long-term gold investment still seen as valuable due to ongoing economic concerns [4] Coal Sector - The coal sector performed well, with Yanzhou Coal Mining (01171) up 6.51% to HKD 10.63. Recent investigations into overproduction in Inner Mongolia are expected to stabilize coal production levels [5][6] Robotics Sector - The robotics sector showed mixed results, with Sanhua Intelligent Control (02050) down 6.21% while Delta Electronics (00179) rose 5.78%. Recent news regarding Tesla's plans for humanoid robots has created volatility in this sector [6] Notable Stock Movements - Jinfang Pharmaceutical-B (02595) debuted with a remarkable increase of 106.47% to HKD 42.1, focusing on cancer and autoimmune disease treatments [7] - Hongteng Precision (06088) surged 21.44% to HKD 5.89, benefiting from Nvidia's investment in Intel for AI infrastructure [8] - Cloud Financial (00376) rose 10.55% to HKD 6.39 after appointing a former Ant Group executive to lead its Web3 development [9] - Weimob Group (02013) increased by 10% to HKD 2.86, announcing a share placement to raise approximately HKD 1.555 billion [10] - Ganfeng Lithium (01772) saw a rise of 9.51% to HKD 37.3, with full production capacity in energy storage cells and ongoing developments in solid-state batteries [11] - Yangtze Optical Fibre and Cable (06869) reached a new high, increasing by 8.55% to HKD 61.6, driven by interest in hollow-core fiber optics [12]
港股午评:三大指数齐涨 黄金股回暖 半导体股继续活跃 创新药走低
Ge Long Hui· 2025-09-19 04:07
Market Performance - The Hong Kong stock market indices rebounded after a midday drop, with the Hang Seng Index rising by 0.12%, the Hang Seng China Enterprises Index increasing by 0.35%, and the Hang Seng Tech Index up by 0.62% [1] Sector Performance - Major technology stocks showed active performance, with JD.com up by 3.5% and Alibaba increasing by 1.45%. Meituan, Tencent, and Baidu also saw gains, while Netease fell by nearly 2%, and Kuaishou and Xiaomi experienced slight declines [1] - Macau gaming stocks surged, with Wynn Macau and Melco International Development both rising over 5%, as Goldman Sachs predicts continued strong momentum in the sector [1] - Gold stocks rebounded collectively, leading to increases in copper and aluminum stocks, while semiconductor stocks continued their upward trend [1] - Coal, military, sports goods, and building materials sectors also saw gains [1] Underperforming Sectors - The biopharmaceutical sector was mostly sluggish, with Innovent Biologics, CanSino Biologics, and Luye Pharma leading the decline among innovative drug stocks [1] - Chinese brokerage stocks, electric power stocks, education stocks, telecom stocks, and paper industry stocks generally performed poorly [1]
美联储如期降息25bp,有色板块大幅下挫
Dong Zheng Qi Huo· 2025-09-18 02:24
Report Industry Investment Rating The document does not provide the industry investment rating. Core Viewpoints of the Report - The Fed cut interest rates by 25 basis points in September, in line with market expectations, and the dot - plot shows two more rate cuts this year. The market has different reactions to various asset classes due to this rate cut and other factors such as supply - demand fundamentals and policy expectations [1][12][16]. - The prices of most commodities and financial products are in an oscillatory state, and the future trends are affected by multiple factors including macro - economic policies, supply - demand relationships, and geopolitical situations [3][4][23]. Summary by Relevant Catalogs 1. Financial News and Comments 1.1 Macro Strategy (Gold) - The Fed cut interest rates by 25bp, and the gold price fell from its high. The short - term upside momentum of gold is lacking, and there is a risk of callback [12][13]. 1.2 Macro Strategy (Foreign Exchange Futures - US Dollar Index) - The Fed's September rate cut of 25bp was in line with expectations, and the dollar index oscillated. It is expected to continue oscillating in the short term [14][16][17]. 1.3 Macro Strategy (US Stock Index Futures) - The Fed's rate cut of 25bp supported market risk appetite. It is recommended to take a bullish approach, but be aware of market fluctuations caused by economic data changes [18]. 1.4 Macro Strategy (Treasury Bond Futures) - The central bank conducted reverse repurchase operations. The bond market is affected by multiple factors, and it is recommended to be cautious and not chase the market [19][20]. 2. Commodity News and Comments 2.1 Black Metal (Steam Coal) - International coal prices followed the upward trend. The coal price is expected to continue oscillating in the short term, with limited space for movement [21][22]. 2.2 Black Metal (Iron Ore) - The iron ore price continued to oscillate. The fundamentals are supportive, but the upside is restricted by finished products. Be vigilant about the demand decline after October [23]. 2.3 Agricultural Products (Soybean Meal) - Ukraine imposed a 10% export tariff on soybeans. The soybean meal price was affected by Sino - US negotiations. If an agreement is reached, the short - term price may be weak [24][25]. 2.4 Agricultural Products (Soybean Oil/Rapeseed Oil/Palm Oil) - The palm oil production decreased in September, but the price increase was limited. The soybean oil price was affected by Sino - US relations. It is recommended to wait and see for unilateral trading and pay attention to positive spreads for some varieties [26][27]. 2.5 Agricultural Products (Red Dates) - The red date price was stable. The consumption was weak during the pre - holiday season. It is recommended to wait and see or conduct short - term operations [28][29]. 2.6 Black Metal (Rebar/Hot - Rolled Coil) - The steel price continued to oscillate. The demand was weak, but the cost support and anti - involution policy expectations provided support. It is recommended to use an oscillatory trading strategy [30][33][34]. 2.7 Black Metal (Coking Coal/Coke) - The coking coal auction prices in Lvliang fluctuated. The supply increased, and the price is expected to continue oscillating in the short term [35][36]. 2.8 Agricultural Products (Pigs) - The pig production capacity control meeting was held. It is recommended to short near - month contracts and pay attention to the reverse spread [37][38]. 2.9 Non - ferrous Metals (Copper) - The Fed's rate cut had a neutral impact on copper. The macro factors' support for copper weakened, and the price is expected to oscillate at a high level [40][41][42]. 2.10 Non - ferrous Metals (Polysilicon) - The polysilicon price may rise slightly. The futures price is expected to oscillate between 50,000 - 60,000 yuan/ton, and pay attention to the anti - spread opportunity [44][45][46]. 2.11 Non - ferrous Metals (Industrial Silicon) - Sichuan silicon plants plan to cut production. The price is expected to oscillate between 8,200 - 9,200 yuan/ton. Pay attention to interval trading opportunities [47]. 2.12 Non - ferrous Metals (Lead) - The demand for lead improved marginally. It is recommended to wait and see for the short term and consider buying on dips for the medium term [48][49]. 2.13 Non - ferrous Metals (Zinc) - The zinc price had a large uncertainty in the short term. It is recommended to wait and see for the short term, pay attention to the positive spread opportunity, and maintain the positive spread idea for internal and external trading [50][51][52]. 2.14 Non - ferrous Metals (Lithium Carbonate) - The lithium carbonate price may decline after the demand peak. It is recommended to take a bearish approach, be cautious in the short term, and pay attention to the anti - spread opportunity [55][56]. 2.15 Energy and Chemicals (Liquefied Petroleum Gas) - The LPG price is expected to oscillate in the short term [57][59]. 2.16 Energy and Chemicals (Crude Oil) - The crude oil price oscillated and declined. Pay attention to the impact of geopolitical conflicts on the price in the short term [60][61]. 2.17 Energy and Chemicals (PX) - The PX price oscillated. It is recommended to try positive spreads between November and January [62][63]. 2.18 Energy and Chemicals (PTA) - The PTA price oscillated in the short term [65][66]. 2.19 Energy and Chemicals (Styrene) - The styrene port inventory pressure eased marginally. The price is expected to oscillate in the short term, and pay attention to the post - peak season inventory problem and oil price fluctuations [68][69]. 2.20 Energy and Chemicals (Caustic Soda) - The caustic soda price may decline, but the downward space is limited [70][72]. 2.21 Energy and Chemicals (Pulp) - The pulp market oscillated weakly [73][74]. 2.22 Energy and Chemicals (PVC) - The PVC price had a limited rebound. The fundamentals are weak, and the future may continue to be weak [75]. 2.23 Energy and Chemicals (Bottle Chips) - The bottle chip demand is entering the off - season. The price is under pressure, and further production cuts may not improve the processing fee [76][77]. 2.24 Energy and Chemicals (Soda Ash) - The soda ash price oscillated. It is recommended to short on rallies and pay attention to supply - side disturbances [78][79]. 2.25 Energy and Chemicals (Float Glass) - The float glass price increased slightly. It is recommended to pay attention to the spread trading opportunity of going long on glass 2601 and short on soda ash 2601 [80][81]. 2.26 Shipping Index (Container Freight Rate) - The container freight rate may continue to decline. It is recommended to hold short positions [83].
【环球财经】东京股市反弹 日经225指数上涨1.53%
Xin Hua Cai Jing· 2025-09-04 07:29
Core Viewpoint - The Tokyo stock market experienced a rebound on September 4, with the Nikkei 225 index rising by 1.53% and the Tokyo Stock Exchange Price Index increasing by 1.03% [1] Market Performance - The Nikkei index closed up by 641.38 points at 42580.27 points, while the Tokyo Stock Exchange index rose by 31.28 points to close at 3080.17 points [1] - The market showed a volatile upward trend during the day, influenced by the previous day's decline and the rise of the Nasdaq index in New York [1] Sector Analysis - Most of the 33 industry sectors on the Tokyo Stock Exchange saw gains, with banking, non-ferrous metals, and insurance sectors leading the increases [1] - Conversely, sectors such as mining, rubber products, and chemicals experienced slight declines [1] Investor Sentiment - Market participants noted a shift in investor focus from growth stocks to value stocks, reflecting changing market dynamics [1]
山西1-7月经济数据出炉 新能源装备制造业增长2倍
Sou Hu Cai Jing· 2025-08-25 00:48
Economic Overview - Shanxi Province's major economic indicators showed stable growth from January to July, with industrial production remaining generally stable and new growth drivers being cultivated [1] - The province's economy is exhibiting a positive trend, supported by steady investment and consumption expansion [1] Industrial Production - From January to July, the added value of industrial enterprises above designated size in Shanxi increased by 5.6% [1] - The coal industry, a key sector in Shanxi, grew by 6.2%, contributing 68.6% to overall industrial growth, highlighting its crucial role in stabilizing the industrial base [1] - Non-coal industries also saw growth, with sectors such as coking (11.3%), non-ferrous metals (15.2%), and equipment manufacturing (8.4%) performing well [1] - Out of 40 major industry categories, 29 reported an increase in added value, resulting in a growth coverage of 72.5% [1] New Growth Drivers - The added value of the equipment manufacturing industry above designated size grew by 8.4%, with the new energy equipment manufacturing sector experiencing a twofold increase [1] - In high-tech manufacturing, the computer and office equipment manufacturing sector surged by 81.4% [1] - Strategic emerging industries in the industrial sector, particularly the new energy industry, grew by 46.3% [1] Investment and Consumption - Fixed asset investment in Shanxi increased by 1.5% from January to July, with private investment rising by 3.9%, indicating a recovery in market confidence and an improved business environment [2] - The total retail sales of consumer goods grew by 6.2%, accelerating by 0.1 percentage points compared to the first half of the year and surpassing the national average by 1.4 percentage points [2] - Retail sales in large-scale enterprises increased by 8.2%, exceeding the national growth rate by 2.6%, reflecting the strengthening vitality of the consumption market [2]
广西实施制造业重点优势产业补链强链延链行动
Guang Xi Ri Bao· 2025-08-12 01:23
Core Viewpoint - The Guangxi government has officially issued the "Action Plan for Strengthening and Extending Key Advantage Industries in Manufacturing," aiming to enhance the quality of industrial clusters through innovation, technology empowerment, and open integration [1] Group 1: Key Industries and Goals - Guangxi will focus on strengthening and extending industrial chains in key sectors such as machinery equipment, automotive and new energy vehicles, high-end green home furnishings, light industry textiles, and resource recycling [1] - The plan aims to add one industry worth 500 billion and one worth 400 billion by the end of 2027, while cultivating leading enterprises and enhancing the resilience and safety of industrial chains [1] Group 2: Action Plans - Six major actions will be implemented: industry extension, chain strengthening, technology enhancement, scenario exploration, market connection, and platform construction [2] - The plan includes developing a roadmap for traditional industries like sugar, aluminum, steel, and petrochemicals, emphasizing AI empowerment and green low-carbon development [2] Group 3: Organizational Support - Guangxi will establish a "chain leader + chain master" working mechanism, appointing a responsible leader for key industrial chains and forming specialized working groups [3]
政策与大类资产配置周观察:静待7月政治局会议
Tianfeng Securities· 2025-07-22 08:14
Domestic Policy News - The State Council held a meeting on July 16 to discuss strengthening the domestic circulation, emphasizing the need for optimized policy design and collaboration among departments to promote economic stability and growth [9][10][11] - The National Committee of the Chinese People's Political Consultative Conference convened a meeting on July 18 to analyze the macroeconomic situation for the first half of 2025, highlighting the importance of maintaining employment, enterprises, and market stability amid a complex international environment [11][12] Overseas Policy News - On July 17, the U.S. House of Representatives passed the "Genius Act," establishing a regulatory framework for digital stablecoins, marking a significant legislative reform in cryptocurrency regulation [2][14] - Data from the U.S. Treasury revealed that in May 2025, Japan and the UK increased their holdings of U.S. Treasury bonds, while China continued to reduce its holdings for the third consecutive month [16][20] Equity Market Analysis - A-shares experienced a slight increase in mid-July, driven by better-than-expected economic growth in the first half and policies encouraging long-term capital inflow [22][23] - The MSCI China A-share index rose by 1.2% in the third week of July, while the Southbound capital maintained a net inflow of nearly 20 billion yuan [22][23] Fixed Income Market Analysis - The People's Bank of China indicated a commitment to increasing monetary easing, with a net injection of 9.749 billion yuan into the market through open market operations [3][21] - The central bank's policies have shown a positive impact on supporting the real economy, with a notable increase in the effectiveness of monetary policy [3][21] Commodity Market Analysis - The prices of non-ferrous metals showed a slight rebound, while crude oil prices experienced a minor decline [3][21] - The Ministry of Industry and Information Technology announced the implementation of a work plan to stabilize growth in ten key industries, including steel and non-ferrous metals [3][21] Foreign Exchange Market Analysis - The U.S. dollar index strengthened slightly, closing at 98.46 on July 18, while the renminbi faced depreciation pressure, trading at 7.18 [4][20] - A joint announcement from seven departments encouraged foreign investment in domestic reinvestment, aiming to enhance the investment environment [4][20] Major Asset Rotation Outlook - The report anticipates further fiscal expansion and moderate monetary easing in the second half of the year, with a focus on structural adjustments to address uncertainties from U.S. trade policies and geopolitical risks [4][20]
主力资金动向 37.94亿元潜入有色金属业
Zheng Quan Shi Bao Wang· 2025-07-18 12:46
Core Viewpoint - The report highlights the net inflow and outflow of funds across various industries, indicating a significant divergence in market performance among sectors, with non-ferrous metals seeing the highest inflow and electronics experiencing the largest outflow [1][2]. Industry Summary Net Inflow Industries - Non-ferrous metals led with a net inflow of 3.794 billion yuan, a price increase of 2.10%, and a trading volume increase of 50.61% compared to the previous trading day [1]. - Other industries with positive net inflows include: - Non-bank financials: 0.897 billion yuan, price increase of 0.33%, trading volume increase of 15.80% [1]. - Food and beverage: 0.605 billion yuan, price increase of 0.73%, trading volume increase of 8.18% [1]. - Transportation: 0.422 billion yuan, price increase of 0.90%, trading volume decrease of 0.19% [1]. - Real estate: 0.248 billion yuan, price increase of 0.48%, trading volume decrease of 9.60% [1]. Net Outflow Industries - The electronics industry faced the largest net outflow of 8.341 billion yuan, with a price decrease of 0.49% and a trading volume decrease of 13.21% [2]. - Other industries with significant net outflows include: - Computer: 4.375 billion yuan, price decrease of 43.75%, trading volume increase of 2.01% [2]. - Communication: 2.701 billion yuan, price decrease of 0.31%, trading volume decrease of 4.02% [2]. - Machinery: 2.451 billion yuan, price decrease of 24.51%, trading volume decrease of 4.02% [2]. - Automotive: 2.389 billion yuan, price decrease of 0.17%, trading volume decrease of 17.13% [2].