| 铅锌日评20251010：震荡整理 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 2025/10/10 指标 单位 今值 | | | | | 变动 近期趋势 | | | | 元/吨 16,800.00 SMM1#铅锭平均价格 | | | | | 0.00% | | | | 期货主力合约收盘价 元/吨 17,115.00 | 沪铅期现价格 | | | | 1.03% | | | | 元/吨 -315.00 沪铅基差 | | | | | -175.00 | | | | 升贴水-上海 元/吨 -10.00 | | | | | -10.00 | | | | 升贴水-LME 0-3 美元/吨 -29.64 升贴水-LME 3-15 美元/吨 -68.30 | | | | | 7.66 5.90 | | | | 沪铅近月-沪铅连一 元/吨 -15.00 | 价差 | | | | 500.00 | | | | 元/吨 沪铅连一-沪铅连二 -20.00 | | | | | 25.00 | | | | 铅 沪铅连二-沪铅连三 元/吨 ...

Group 1 - The metal lead concept increased by 3.61%, ranking second among concept sectors, with 29 stocks rising, including Shengtun Mining, China Metallurgical Group, and Xiyu Co., which hit the daily limit [1][2] - Notable gainers in the lead sector included Huaxi Nonferrous, Yuguang Gold Lead, and China Nonferrous, which rose by 9.98%, 6.92%, and 5.44% respectively [1][2] - The sector saw a net inflow of 230 million yuan, with 13 stocks receiving net inflows, and 9 stocks exceeding 10 million yuan in net inflow, led by Xiyu Co. with a net inflow of 440 million yuan [2][3] Group 2 - The leading stocks in terms of net inflow ratio were Xiyu Co., China Metallurgical Group, and Shengtun Mining, with net inflow ratios of 37.94%, 23.86%, and 7.66% respectively [3] - The trading performance of key stocks showed significant increases, with Xiyu Co. up by 9.98% and China Metallurgical Group by 10.00%, indicating strong market interest [3][4] - The overall market sentiment for the lead sector appears positive, as evidenced by the substantial net inflows and price increases among leading companies [2][3]

Group 1 - The metal lead concept increased by 3.61%, ranking third among concept sectors, with 32 stocks rising, including notable gainers such as Wolong New Energy, Shengda Resources, and Xingye Silver Tin, which hit the daily limit [1] - The leading stocks in the metal lead sector included Tibet Zhufeng, Shanjin International, and Zijin Mining, which rose by 6.13%, 5.98%, and 5.00% respectively [1] Group 2 - The metal lead sector saw a net inflow of 1.244 billion yuan, with 21 stocks receiving net inflows, and 10 stocks attracting over 50 million yuan in net inflows [2] - Zijin Mining led the net inflow with 428 million yuan, followed by Wolong New Energy, Hunan Gold, and Chifeng Gold with net inflows of 170 million yuan, 128 million yuan, and 127 million yuan respectively [2] Group 3 - In terms of net inflow ratios, Wolong New Energy, Hunan Gold, and China Metallurgical Group had the highest ratios at 34.68%, 11.01%, and 10.04% respectively [3] - The top stocks by net inflow in the metal lead sector included Zijin Mining, Wolong New Energy, Hunan Gold, and Chifeng Gold, with respective daily price changes of 5.00%, 10.06%, 2.01%, and 3.20% [3][4]

格隆汇9月26日丨罗平锌电(002114.SZ)公布，公司全资子公司普定县德荣矿业有限公司金坡铅锌矿（简 称"金坡铅锌矿"）《采矿许可证》于2024年12月25日到期，根据规定，金坡铅锌矿自《采矿许可证》到 期日即停止一切采矿活动。2025年9月26日，金坡铅锌矿取得由安顺市自然资源局核发的新的《采矿许 可证》。2025年9月26日，金坡铅锌矿取得由安顺市自然资源局颁发的《不动产权证书》（采矿权）。 ...

南财智讯9月26日电，罗平锌电公告，全资子公司普定县德荣矿业有限公司取得了贵州省安顺市普定县 鸡场坡乡纳雍支村金坡铅锌矿的采矿许可证，采矿方式为地下开采，矿山类型为铅矿、锌矿，许可证有 效期自2025年9月25日至2034年12月26日，发证机关为安顺市自然资源局。 ...

南财智讯9月24日电，金徽股份公告，公司部分董事、监事及高级管理人员基于对公司发展前景的信心 和对公司股票长期投资价值的认可，计划自2025年4月21日起6个月内，使用自有资金通过上海证券交易 所交易系统以集中竞价交易方式增持公司股份，合计拟增持金额不低于600万元不超过770万元。截至 2025年9月24日，本次增持计划已完成，累计增持股份48.82万股，累计增持金额603.48万元。 ...

格隆汇9月18日丨金徽股份(603132.SH)公布，截止2025年9月18日，增持主体通过上海证券交易所交易 系统以集中竞价交易方式累计增持公司股份43.32万股，占公司总股本的0.0442%，增持总金额为528.22 万元。本次增持计划时间已过半，尚未实施完毕，增持主体将继续按照相关增持计划，在增持计划实施 期间内增持公司股份。 ...

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints - For lead, the import of lead concentrates has no expected increase, and processing fees are likely to rise but not fall. However, it has not had a substantial impact on refinery operations. Some refineries have maintenance plans, and the operation of primary lead has a slight decline. The terminal market shows no significant improvement, and the peak - season effect is not evident. The supply is tightened in the short - term, and lead prices are expected to remain high in the short term, but the limited improvement in demand may suppress the upside space [1]. - For zinc, refineries have sufficient raw material stocks, and zinc ore processing fees are rising. The production profit and enthusiasm of refineries have improved, and the output shows an increasing trend. The demand has improved, and the zinc ingot export window may open. Although the fundamentals of Shanghai zinc are weak, the low LME zinc inventory and the back structure support the zinc price. After the interest - rate cut expectation is fulfilled, Shanghai zinc is expected to strengthen in the short term, but the upside space may be limited due to fundamental constraints [1]. 3. Summary by Related Catalogs Lead Price and Spread - The average price of SMM1 lead ingots is 16,950 yuan/ton with no change. The closing price of the lead futures main contract is 17,100 yuan/ton, up 0.26%. The lead basis is - 150 yuan/ton, a decrease of 45 yuan/ton. The LME 0 - 3 lead premium is - 46.43 dollars/ton, and the LME 3 - 15 lead premium is - 70.50 dollars/ton [1]. Trading Volume and Open Interest - The trading volume of the lead futures active contract is 44,958 lots, down 18.23%. The open interest is 42,195 lots, down 6.43%. The trading - to - open - interest ratio is 1.07, down 12.61% [1]. Inventory - The LME lead inventory is 225,350 tons with no change, and the Shanghai lead warehouse receipt inventory is 2,005 tons, down 0.07% [1]. News - The construction of the Zhugongtang lead - zinc mine project in Hezhang County has made phased breakthroughs. The main project of the concentrator has entered the steel - structure construction stage. The project is expected to invest 762 million yuan this year and strive to complete the main systems construction by the end of December and achieve trial production in the first mining area [1]. - On September 16, the LME 0 - 3 lead was at a discount of 49.61 dollars/ton, and the open interest decreased by 277 lots to 165,625 lots [1]. Zinc Price and Spread - The average price of SMM1 zinc ingots is 22,090 yuan/ton, down 0.32%. The closing price of the zinc futures main contract is 22,280 yuan/ton, up 0.11%. The zinc basis is - 95 yuan/ton, a decrease of 190 yuan/ton. The LME 0 - 3 zinc premium is 24.36 dollars/ton [1]. Trading Volume and Open Interest - The trading volume of the zinc futures active contract is 96,254 lots, down 0.40%. The open interest is 78,094 lots, down 8.11%. The trading - to - open - interest ratio is 1.23, up 8.40% [1]. Inventory - The LME zinc inventory is 48,975 tons with no change, and the Shanghai zinc warehouse receipt inventory is 52,720 tons, up 1.05% [1]. News - On September 17, Orion Minerals' subsidiary signed a financing and concentrate purchase agreement with a subsidiary of Glencore for the Prieska project. Orion Minerals plans to achieve the first production of the Prieska Copper Zinc Mine project at the end of 2026 or early 2027 and aims to increase copper production to over 30,000 tons/year and zinc production to 65,000 tons/year [1]. - On September 16, the LME 0 - 3 zinc was at a premium of 41.33 dollars/ton, and the open interest decreased by 2,659 lots [1]. Investment Strategy - For lead, investors with existing long positions should protect their profits [1]. - For zinc, investors can try to go long at low prices with a light position [1]

格隆汇9月15日丨豫光金铅(600531.SH)在投资者互动平台表示，公司生产的铜箔可以应用于固态电池。 公司铜箔年产量依据市场订单而定。 ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ●本次会议是否有否决议案：无 （四）表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议采取现场和网络投票表决的方式举行，会议由董事长杨美彦先生主持，会议的召集和召开符合 《公司法》和《公司章程》的有关规定。 （五）公司董事、监事和董事会秘书的出席情况 1.公司在任董事10人，出席8人，公司董事吕奎先生和苏廷敏先生因事未能出席会议。 2.公司在任监事4人，出席3人，公司监事刘鹏安先生因事未能出席会议。 3.公司财务总监、董事会秘书李辉先生出席会议，公司部分高级管理人员列席了会议。 （三）出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： ■ 二、议案审议情况 （一）非累积投票议案 1.议案名称：关于审议减少公司注册资本、取消监事会暨修订《公司章程》的议案 审议结果：通过 表决情况： ■ 2.议案名称：关于审议修订《云南驰宏锌锗股份有限公司股东会议事规则》的议案 审议结果：通过 审议结果：通过 表决情况： ■ 3.议案名称：关于审议 ...