中国质量新闻网讯 近日，山东省济宁市市场监管局网站公布2025年第2批市级产品质量监督抽查结果。 附原文： 2025年第2批市级产品质量监督抽查结果公示 2025年7月—12月，济宁市市场监管局开展2025年第2批市级产品质量监督抽查工作，现将本次市级监督抽查结果公示如下： 本次抽查依据GB/T21661-2020《塑料购物袋》等标准，对3家流通企业中的3个批次产品进行了检验，重点对环保要求、厚度极限偏差、厚度平均偏差、提 吊试验、跌落试验、漏水性、封合强度、落镖冲击等项目进行了检验。经过检验结果判定，被抽查3个批次中，发现不合格产品1个批次，不合格产品发现率 为33.33%。 2.氯碱产品 一、抽查情况 本次市级监督抽查涉及轻工产品、建筑和装饰装修材料、机械及安全防护产品、电工及材料、纺织品、电子电器、食品相关产品等7大类169批次产品，其中 合格产品154批次，发现不合格产品15批次，产品合格率为91.12%。 二、检验工作概况 1.塑料购物袋 高纯盐酸类产品： 本次抽查依据HG/T 2778-2020等标准的要求，对2家生产企业中的2个批次产品进行了检验，重点对总酸度、游离氯、蒸发残渣等项目进行了检验。 ...

新能源及有色金属月报 | 2026-01-04 铅品种呈现淡季更淡格局 价格或难有靓丽表现 市场要闻与重要数据 原料端： 12月铅精矿市场延续外松内紧格局。国产矿方面，内蒙古、湖南及云南主产区矿山维持正常生产，但高 海拔矿山因天气因素小幅减产，SMM预计12月全国铅精矿产量约14.1万金属吨，环比微降1.5%。进口矿继续补充， 11月铅精矿进口量12.3万实物吨，同比增15%，全年累计进口已突破135万吨，同比增12%，俄罗斯、秘鲁、塔吉 克斯坦为前三来源国。加工费继续下探，国产TC降至700元/金属吨，进口TC 50美元/干吨，均创2021年以来新低， 冶炼厂利润被进一步压缩，部分厂家原料库存已降至10天安全线以下，为2026年1月备库带来压力。含铅废料端， 因年末报废量季节性增加，废电瓶回收量环比回升约8%，但含税价格仍坚挺在9 950元/吨，再生铅企业亏损幅度 虽收窄至-350元/吨，但采购仍谨慎，整体废料市场量增价稳。 原生铅生产及进出口： 12月原生铅运行产能先抑后扬。上旬，湖南、云南两地共55万吨/年产能因环保督查及常规 检修减产，影响产量约1.1万吨；中旬起，云南某中型冶炼厂检修结束并快速提产， ...

铅产业链周度报告 国泰君安期货研究所·季先飞·首席分析师/有色及贵金属 组联席行政负责人 投资咨询从业资格号：Z0012691 日期：2026年01月04日 Guotai Junan Futures all rights reserved, please do not reprint Special report on Guotai Junan Futures 铅：库存低位，支撑价格 强弱分析：中性，价格区间：17100-17800元/吨 五地铅总库存减少，绝对库存处于历史同期低位 国内铅现货从平水转为升水 0 5 10 01-02 01-12 01-22 02-05 02-19 03-03 03-14 03-26 04-08 04-19 05-05 05-16 05-28 06-09 06-20 07-02 07-14 07-25 08-06 08-18 08-29 09-10 09-23 10-09 10-21 11-01 11-13 11-25 12-06 12-18 12-30 万吨 五地总库存 2021 2022 2023 2024 2025 -200 -150 -100 -50 0 50 100 ...

消息面 2025年12月26日沪铅期货库存录得27095.00吨，较上一交易日减少780.00吨。 1月2日，伦敦金属交易所(LME)：铅注册仓单162500吨。注销仓单76825吨，减少6025吨。铅库存 239325吨，减少2600吨。 2025年12月30日讯：西南地区一家中型再生铅冶炼企业表示，计划在1月将产量下调20%-30%。此举主 要是由于原料供应持续紧张，到厂原料量不断减少。企业为应对原料端压力，稳定生产节奏，故而采取 减产措施。 机构观点 国泰君安期货： 2026年铅市总体呈现供强需弱格局，价格以区间震荡为主。供应方面，矿端及废电池回收量小幅提升， 精炼铅产量继续增长；需求方面，以旧换新政策对替换消费形成一定托底，两轮电动车维持正增，储能 与铅碳电池具备潜在增量，但铅酸蓄电池出口受高沪伦比值、贸易摩擦及中东关税影响或出现下滑。整 体判断国内小幅过剩，沪铅运行区间16000–18000元/吨。季节性上，年初消费小阳春后价格承压，年中 电池厂补库叠加废电池供应有限，可能形成阶段性供需缺口，抬升价格。 东证期货： 近期再生铅开工减产有所增多，主要是受原料供应问题影响，同时华东和华北雾霾持续，环保管 ...

12月25日，国内期市有色金属板块有涨有跌。其中，沪铅期货行情呈现震荡上行走势，截至发稿主力合 约报17320.00元/吨，小幅上涨1.08%。 供应方面，一德期货指出，当前加工费低位运行，供应端增减并存，原生铅企业检修后恢复，多地因大 气污染严重实施环保管控，再生铅安徽主产区冶炼企业严重减产。另外主流地区回收商表示废铅酸蓄电 池回收量处于较低水平，市场供应偏紧。 需求端看，瑞达期货（002961）分析称，下游铅酸蓄电池市场表现平淡，未能形成有效需求拉动。主要 源于刚性生产需求，实际采购积极性已出现下滑。受电动自行车新国标实施影响，成品电池库存销售不 畅，经销商备货谨慎，电池企业多维持低库存策略，对铅锭以按需采购为主。 库存端，据南华期货（603093）介绍，内外库存格局分化，LME大幅累库且长期看累库趋势难以改 善，国内库存在历史低位运行。 后市来看，铜冠金源期货表示，国内炼厂复产缓慢，社会库存保持在年底低位水平，支撑铅价，主力减 仓走强，突破均线压制。不过也需关注到，临近年末，贸易商及电池企业年底关账，且电池企业元旦假 期备货情况一般，现货交投表现较弱，将抑制铅价上方空间。预计短期期价维持震荡偏强，关注前 ...

截至发稿，骆驼股份市值为108亿元。 2024年1至12月份，骆驼股份的营业收入构成为：铅酸蓄电池占比79.86%，再生铅占比15.75%，锂电池 占比2.59%，其他占比1.79%。 每经AI快讯，骆驼股份（SH 601311，收盘价：9.18元）12月24日晚间发布公告称，骆驼集团股份有限 公司股东湖北驼峰投资有限公司持有公司股份约1.5亿股，占公司总股本的12.82%；本次股份质押后， 驼峰投资累计质押公司股份1.06亿股，占其持有公司股份总数的70.49%，占公司总股本的9.04%。本次 股份质押后，公司控股股东孙洁女士及其一致行动人驼峰投资、上海睿亿投资发展中心（有限合伙）— 睿亿投资揽月六期私募证券投资基金A、刘长来先生累计质押1.2亿股，占其持有公司股份总数的 29.7%，占公司总股本的10.23%。 每经头条（nbdtoutiao）——左手"欠款"右手"豪购"！杨陵江收购"国内酒庄第一股"，1919是否重启上 市？"吹太多牛都实现了，但千亿还没实现，我很着急" （记者 曾健辉） ...

据长江有色金属网获悉，今日长江现货市场铅均价报17200元/吨 ，较前一日价格上涨150元，整体呈现 修复反弹趋势。 供应端现状：结构分化，再生铅收缩是主矛盾 宏观与价格趋势：多空交织，震荡修复 国内铅供应呈现 "原生稳、再生紧"的显著分化。原生铅方面，前期检修企业复产带动整体供应小幅增 加，但新增产能释放缓慢，且铅精矿加工费持续低位，限制了产量增长空间。供应收缩的核心在于再生 铅，其生产受制于冬季废电瓶回收量下滑、原料短缺以及环保政策，企业开工率持续低位，持货商囤货 惜售进一步加剧了原料紧张局面。库存方面，国内社会库存处于低位，对价格形成支撑，而LME库存 维持高位，凸显海外供需宽松，形成了"内低外高"的格局。 当前铅价呈现高位回落、低位震荡态势。宏观层面，年末资金收紧与海外美联储降息预期降温共同抑制 了市场情绪。国内政策维稳但驱动有限，需求旺季接近尾声，整体宏观面对价格支撑减弱。预计短期价 格核心区间在17000-17300元/吨，走势偏强。 需求端现状：刚性为主，整体增长动能不足 下游需求呈现 "基础稳、新增弱、出口降"的特点，整体表现平淡。传统铅酸蓄电池需求构成主要支 撑，其中汽车启动与替换需求相对稳 ...

Report Industry Investment Rating No relevant information provided. Core Viewpoints of the Report - Based on the judgment that the lead market will maintain a situation of strong supply and weak demand in 2026, prices are expected to fluctuate within a range. The main operating range for Shanghai lead is 16,000 - 18,000 yuan/ton, and for London lead, it is 1,900 - 2,100 US dollars/ton [1][67]. - In 2026, the domestic market may have a slight surplus. The supply of lead ore is expected to improve, the supply of waste batteries may increase slightly, and the production of refined lead will continue to grow. The demand side may be supported by the continued replacement consumption and the positive growth of two - wheeled electric vehicles. The energy storage demand is growing explosively, and the incremental space for lead - carbon batteries is broad. However, the export of lead - acid batteries may face pressure, and the overall supply - demand situation is weak, with prices remaining range - bound. The price - holding intention in the waste battery recycling sector is strengthening year by year, which is expected to continuously lift the bottom of the lead price [1][67]. - It is recommended to pay attention to seasonal fluctuation opportunities. After the small spring of consumption at the beginning of the year, consumption weakens marginally, and prices may fall under pressure. In the middle of the year, battery manufacturers replenish stocks in advance for the consumption peak season, while the supply of waste batteries does not increase significantly during the replacement consumption peak season, which may bring a temporary supply - demand gap and inject upward momentum into prices [2][67]. Summary by Directory 1. 2025 Review: First Decline then Rise, with a Slow Uptrend in the Center of Gravity - In January 2025, the lead price declined due to the end of downstream inventory preparation, high finished - product inventory, and a potentially longer Spring Festival holiday. In February, the price rose initially but then fluctuated after factoring in the expected production increase of large downstream manufacturers. In March, the price increased as consumption recovered and downstream battery companies increased inventory. In April, it declined due to macro - tariff impacts and the entry into the consumption off - season. In May and June, prices fluctuated in a weak supply - demand situation [7]. - From July to December, the lead price showed a complex trend. In July, it first rose and then fell due to changes in supply and demand. In August, it fluctuated weakly. In September, it rose after a period of fluctuation. In October, it trended strongly with obvious supply pressure on primary lead and incremental demand. In November, it climbed and then declined as primary lead production increased and secondary lead production grew rapidly [8][9]. 2. Supply - Demand Weakness, with Dull Fundamental Contradictions 2.1 Lead Ore Supply is Rigid, but There Will Be Increment in the Next Year - In the long - term, overseas mining enterprises' capital expenditure in lead ore has been low, resulting in relatively rigid global lead ore production. The supply cycle of lead ore is more closely related to that of zinc ore. In 2025, global lead ore supply disturbances increased, and overseas production increments were limited. For 2026, there is an expected increment of 100,000 tons, with a year - on - year growth rate of 2.2% [10][13][14]. 2.2 Domestic Mines Increased Production This Year, but Realistic Contradictions Still Exist - In 2025, from January to November, China's lead concentrate production increased by 10.4% year - on - year, mainly due to the production increase of mines such as Xinjiang Huoshaoyun. It is expected to contribute an increment of 100,000 tons in 2026. The continuous tight supply of lead concentrate has squeezed the profit margin of primary lead smelting. China's lead raw material import structure is becoming more diversified, but the import profit of lead concentrate is meager [20][26]. 2.3 Insufficient Endogenous Power, Driven by By - Product Profits - Since March 2025, the thickening of primary lead plant profits has driven high - level production. By - product profits such as silver and sulfuric acid have become the main factors driving the supply elasticity of primary lead plants. Assuming that the prices of by - products remain high in 2026, primary lead supply is expected to continue to grow slightly, and supply elasticity may increase [33][34]. 2.4 Problems in Secondary Lead Supply Still Exist, Forming a Strong Constraint - China's secondary lead production capacity is severely over - supplied, and the shortage of raw materials has led to low - level production. Since the second quarter, secondary lead enterprises have suffered losses, and it is expected that the production of secondary lead will continue to decline in 2026. Although there will be more incremental supply in the long - term, the growth rate of capacity expansion may slow down, and some enterprises are transforming to a multi - raw material production mode [36][37]. 3. Is the Demand Really Collapsing: A Flash in the Pan or a Steady Stream? 3.1 Policy Boosts Consumption, Electric Bicycles Return to Positive Growth, and Automobile Exports Contribute Significantly - In 2025, new national standards and national subsidy policies have stimulated the growth of the electric bicycle industry. Automobile consumption policies have also continuously increased, and the trade - in policy has effectively boosted consumption. It is expected that the trade - in subsidy scale will continue to be maintained at 300 billion yuan in 2026 [46][52][53]. 3.2 Explosive Growth in Energy Storage Demand, Vast Incremental Space in the Future - The energy storage demand for lead - acid/lead - carbon batteries is growing explosively. Lead - acid batteries have cost, safety, recycling, and low - temperature performance advantages, but also have performance shortcomings. In 2025, the lead consumption of lead - carbon batteries was 27,300 tons in the first three quarters, and it is expected to increase by 28,300 tons in 2026, with a marginal contribution to consumption of 0.4% [60][61]. 3.3 High Domestic - Foreign Price Ratio and Tariff Impacts Weigh on Lead - Acid Battery Exports - In 2025, the export volume of lead - acid batteries declined rapidly due to the expansion of the domestic - foreign price ratio and tariff impacts. The anti - dumping tariff imposed by the GCC on Chinese lead - acid batteries will take effect in 2026, which may significantly reduce the export volume [64]. 4. Conclusion and Investment Outlook - In 2026, the lead market will maintain a situation of weak supply and demand, with prices fluctuating within a range. The main operating range for Shanghai lead is 16,000 - 18,000 yuan/ton, and for London lead, it is 1,900 - 2,100 US dollars/ton. It is recommended to pay attention to seasonal fluctuation opportunities [67].

——原料刚性约束与存量需求韧性的双重共振 傅小燕 （投资咨询证号：Z0002675） 交易咨询业务资格：证监许可【2011】1290号 第一章 观点概要 摘要： 展望2026年，全球铅市将由紧平衡转向累库周期，但国内受再生铅原料瓶颈制约，将走出独立的成本防 御行情，呈现外弱内强特征。预计沪铅主力运行区间16200-18200元/吨左右，伦铅1950-2200美元/吨附 近。 供给侧分化显著：原生铅受副产品高利润驱动将维持高产，贡献主要增量；而再生铅受制于财税合规及 反向开票政策，废电瓶有效供给面临10%-15%折损，迫使产量增长停滞。原料端的隐性紧缩将确立再生铅成 本线为行业定价的坚实底座。 需求端步入存量主导时代，增速预计维持1.5%。两轮车新国标限重放宽至63kg将助推铅酸份额回升， 有效对冲锂电替代。全球10.2万吨的过剩量主要累积于海外，国内仅约3万吨微幅过剩，意味着国内显性库存 仍将维持低位，出口窗口难以开启。 南华期货有色金属铅2026年度展望 3.1 矿端：转向紧平衡 预测区间：沪铅16200-18200元/吨附近，伦铅1950至2200美元/吨左右 风险提示：宏观衰退，关税影响超预期，供给端扰 ...

消息面 自2025年12月15日起，安徽阜阳市因大气扩散条件持续转差，污染物累积，发布重污染天气橙色预警，并于当日20时启动Ⅱ级应急响应，要求落 实减排措施。为配合环境管控，当地多家大型再生铅冶炼企业随即宣布将其再生铅锭产量削减50%，此减产状态将维持至应急响应解除为止。 摩根士丹利表示，预计2026年铅的平均价格将略高于每吨2000美元。 机构观点 五矿期货： 铅矿库存基本持平，原生铅开工率边际下滑。铅废料库存小幅下滑，再生铅开工率延续上行。下游蓄企开工率边际上行。国内铅锭社会库存维持 相对低位，上游工厂库存边际下行，但沪铅月差维持低位。有色金属情绪退潮，沪铅持仓低位，预计铅价短期在宽幅区间内偏弱运行。 西南期货： 部分原生铅企业继续检修，受原料紧张和利润压力，再生铅企业减产意愿增强。铅酸蓄电池市场进入传统淡季，终端消费疲软，电动自行车及汽 车电池补库有限。原生铅库存低位去化提供一定的托底作用。上周，原生铅社会库存下降3200吨。供应收缩和低库存限制下行空间，同时，弱需 求和潜在的进口压力牵制反弹空间。多空因素交织，铅价或延续震荡行情。 12月16日，LME铅库存录得25.25万吨，与上一日持平；最近一周， ...