Chinese zinc smelters, which account for over half of global supply, face growing pressure to lower run rates as capacity expansion outpaces demand, according to Beijing Antaike Information https://t.co/TT8Ja6TFTH ...

祁玉蓉（F03100031, Z0021060），联系电话：010-8229 5006 | 2025/6/18 指标 单位 今值 变动 近期趋势 | | | | | --- | --- | --- | --- | | 16,725.00 -0.15% SMM1#铅锭平均价格 元/吨 | | | | | 沪铅期现价格 期货主力合约收盘价 元/吨 16,860.00 -0.71% | | | | | 沪铅基差 元/吨 -135.00 95.00 | | | | | 元/吨 -30.00 - 升贴水-上海 | | | | | 升贴水-LME 0-3 美元/吨 -33.19 -3.43 | | | | | 升贴水-LME 3-15 美元/吨 -65.50 -1.40 价差 沪铅近月-沪铅连一 元/吨 -20.00 30.00 | | | | | 沪铅连一-沪铅连二 元/吨 5.00 5.00 | | | | | 铅 沪铅连二-沪铅连三 元/吨 - -5.00 | | | | | 期货活跃合约成交量 手 29,996.00 -0.81% | | | | | 成交持仓 期货活跃合约持仓量 手 41,457.00 -1.4 ...

Stable Core Prices Mask Underlying Pressure Key Takeaways Core CPI improved modestly: YoY ticked up by 0.1pp to 0.6%Y, while MoM improved to 1.2% SAAR, extending a modest recovery since the Sep-2024 policy pivot. Resilience in core goods - household appliances, entertainment units (e.g., TVs) - largely stems from the consumer goods trade-in program (NBS confirmed that CPI uses pre-discount prices), while the renewed auto price war may not have been incorporated in this month's reading (as these prices are c ...