序号股票简称PE(TTM)PE(静)市净率总市值(元)5中信金属15.1617.971.79402.29亿行业平均 46.8270.663.0492.14亿行业中值36.5043.332.2076.40亿1建发股份10.4310.350.54305.03亿2江苏国泰 10.4710.750.77118.82亿3苏美达10.7210.961.61125.84亿4物产环能11.249.951.3073.48亿6兰生股份 20.6019.301.4459.21亿7厦门国贸21.0321.410.66133.95亿8深粮控股22.1524.021.5678.14亿9五矿发展 27.8766.621.6883.72亿10农产品29.3728.761.73110.47亿11东方创业30.2629.610.8564.03亿12辽宁成大 36.5081.680.58171.17亿 本文源自：金融界 作者：行情君 中信金属股份有限公司的主营业务是金属及矿产品的贸易业务。公司的主要产品是铌、铜、铝、镍等有 色金属产品以及铁矿石、钢材、铬矿、锰矿。公司作为全球最大的铌产品供应商CBMM在中国的独家 分销商，在国内铌产品市场约占80 ...

最新一期业绩显示，2025年一季报，公司实现营业收入282.49亿元，同比5.28%；净利润5.71亿元，同 比268.89%，销售毛利率2.01%。 序号股票简称PE(TTM)PE(静)市净率总市值(元)5中信金属14.9017.671.76395.43亿行业平均 46.0080.193.0090.83亿行业中值35.9150.702.1574.32亿1建发股份10.4010.330.54304.16亿2江苏国泰 10.4510.730.77118.65亿3苏美达10.6410.881.60124.93亿4物产环能10.929.671.2671.42亿6兰生股份 20.4419.151.4358.77亿7厦门国贸20.7921.170.66132.43亿8深粮控股21.9923.841.5577.57亿9五矿发展 27.6566.111.6783.07亿10农产品28.9228.311.70108.78亿11东方创业29.8929.240.8463.24亿12辽宁成大 35.9180.370.57168.42亿 7月4日，中信金属今日收盘8.07元，下跌1.10%，滚动市盈率PE（当前股价与前四季度每股收益 ...

Group 1: Market Overview - The high carbon ferrochrome market is currently stable with cautious optimism, despite the lack of substantial improvement in supply-demand dynamics [1][2] - Market sentiment has improved slightly, but a cautious mindset persists due to expectations of a low season affecting high carbon ferrochrome supply [2] - Current external quotations for high carbon ferrochrome are concentrated around 7700-7850 CNY per 50 base tons [2] Group 2: Market Transactions - Zhongtian Changzhou plans to procure 1100 tons of high carbon ferrochrome and 100 tons of medium carbon ferrochrome, with bidding starting on June 27 [2] - Central South Co. plans to tender for 450 tons of high carbon ferrochrome, with the bidding deadline set for June 30 [2] - The alloy price index for high carbon ferrochrome shows regional variations, with prices reported as follows: Hebei 7965 CNY, Shandong 8053 CNY (down 10), Liaoning 8193 CNY, Jiangsu 8249 CNY (down 30), Sichuan 8126 CNY (up 10), Hunan 8150 CNY (down 30) [2] Group 3: Chrome Ore Market - The latest transaction price for South African chrome concentrate (40-42%) at Tianjin Port is 265 USD per ton, unchanged from the previous round [4] - The chrome ore market is experiencing price adjustments, with various grades listed, such as South African lump ore (36%-38%) priced at 220-230 USD per ton and South African concentrate (42%-44%) at 280-290 USD per ton [5] - The overall market sentiment indicates a potential increase in the likelihood of short-term consolidation in the ferrochrome market due to the tug-of-war between cost support and weak demand [5]

Core Viewpoint - The stainless steel market is experiencing a mixed trend with slight price increases in the spot market, but overall demand remains weak, leading to a cautious outlook for the industry [3]. Raw Materials - Nickel ore prices are under pressure, with Philippine 1.3% nickel ore trading at FOB 36 and Indonesian nickel ore at CIF 45. The domestic benchmark price for Indonesian nickel ore is expected to decrease by $0.3 to $0.5 [1]. - Nickel iron prices have dropped, with a high nickel iron procurement price of 910 yuan per nickel reported, marking a new low since 1999. Steel mills are adopting a price-cutting strategy for nickel ore procurement due to cost pressures [1]. - Chrome ore prices are weak, and demand from downstream sectors is poor, leading to cautious purchasing behavior from traders [1]. Supply - Domestic stainless steel production is projected to be 3.3623 million tons in June, a month-on-month decrease of 2.91% but a year-on-year increase of 2.24%. The 300 series production is expected to increase slightly [1]. - In May, the production from 43 domestic stainless steel mills was 3.4629 million tons, reflecting a month-on-month decrease of 3.96% but a year-on-year increase of 4.94% [1]. Inventory - Social inventory data shows a slight increase, with 300 series social inventory at 534,200 tons as of June 20, up by 3,400 tons week-on-week. However, stainless steel futures inventory decreased to 112,867 tons, down by 4,112 tons week-on-week [2]. Market Dynamics - The stainless steel market is currently facing seasonal demand weakness and insufficient macroeconomic stimulus. The upcoming National Development and Reform Commission press conference is expected to provide insights into infrastructure project progress [3]. - The overall market sentiment has improved slightly, but the fundamental conditions remain weak, with slow demand recovery and high stainless steel supply levels [3].

眼下主流钢厂7月份招标采购即将入场，采购定价引发业内高度关注。而回顾1-6月份，高铬主流钢招价格稳扎稳打，累计大涨1100元/50基吨，7月份采 购价格又将如何守夺？ 铬矿现货市场价格更是接连下挫。昨日，铬矿主要品种40-42%南非粉矿价格下跌1元/吨度至56元/吨度上下，6月份以来已累计下跌4元/吨度；同品位期货 价格下跌10美元/吨，至275美元/吨，6月份累计下跌20美元/吨；40-42%土耳其块矿价格6月份累计下跌1元/吨度至61元/吨度，同品位铬矿期货价格累计 下跌20美元/吨，至290美元/吨上下。 有业内认为，高铬产量连续3个月出现较大幅度增加后，供应压力棸升，加上近期下游不锈钢排产量下降导致的需要减少预期，高铬市场供增求降使得价 格支撑依然偏弱。对于7月份主流钢厂高铬招标采购价格普遍持下调预期，业内预计下调幅度在300元/50基吨附近。 17日讯：6月下旬逐步临近，国内主流钢厂每月一轮的高铬钢招工作即将开启，以往此时此刻正处供方的挺价时段，意在即便价格涨不了，也得先"稳住 阵脚"！而眼下高铬市场却出现了不一样的画风。 昨日，国内高铬现货市场主流出厂报价下跌100元/50基吨后至7800-800 ...

证券研究报告|行业研究报告 [Table_Title] 英美铂业 2025Q1 自营矿山铂族金属产量同比下降 8% 至 14.37 吨，铂族金属平均实现价格同比上涨 3%至 1,533 美元/盎司 [Table_Title2] 有色金属-海外季报 [Table_Date] 2025 年 6 月 13 日 [Table_Summary] 季报重点内容: ► 生产经营情况 1、铂族金属产量 2025Q1 铂族金属总产量较上期下降 17%，至 69.63 万盎司 （21.66 吨），主要原因是第三方 POC 产量下降，原因是 Kroondal 矿的产量（约 6.1 万盎司）自 2024 年 9 月起转换为 4E 代工协议，导致其产量有所下降，同时 Amandelbult 矿的产 量也下降（约 4.1 万盎司）。考虑到 Kroondal 矿的转型和 Amandelbult 矿的洪水影响，按同比计算，铂族金属总产量较 上期下降了 5%。 2025Q1 自营矿山铂族金属 (PGM) 产量（以 5E+Au 金属精矿 表示）(M&C) 同比下降 8% 至 46.2 万盎司（14.37 吨），环 比下降 21%，主要原因是 2 ...

Core Viewpoint - The stainless steel market is experiencing weak fluctuations with stable spot prices, while inventory pressures are manageable [1][2] Raw Materials - The Philippine nickel ore market is beginning June resource procurement, but shipments are hindered by rainfall, resulting in no transactions [1][2] - In Indonesia, the domestic nickel ore price remains stable with a slight increase of $0.65-$1, while overall prices have seen a minor uptick due to tight supply during the rainy season [1][2] - Nickel iron prices are stable but under pressure from steel mills, with transaction prices around 965-970 yuan/nickel (tax included) [1][2] Supply - According to Mysteel, the estimated crude steel output from 43 domestic stainless steel mills in May is 3.4899 million tons, a 0.4% decrease month-on-month but a 5.8% increase year-on-year [1] - The production of the 300 series is 1.776 million tons, down 2.6% month-on-month but up 7.5% year-on-year [1] Inventory - Social inventory data shows a weekly decline, with a reduction in warehouse receipts [1] - As of May 23, social inventory for the 300 series in Wuxi and Foshan is 531,000 tons, down 30,800 tons week-on-week [1] - On May 26, stainless steel futures inventory is 139,121 tons, a decrease of 17,241 tons week-on-week [1] Market Dynamics - The stainless steel market remains under pressure with high costs, and the trading logic has returned to fundamentals after macroeconomic sentiments have stabilized [2] - Demand is slowly recovering, primarily driven by just-in-time inventory replenishment [2] - The overall supply surplus remains unchanged, with some steel mills reducing 300 series output while increasing 200 and 400 series production to alleviate losses [2]

Group 1: Market Overview - The stainless steel market is experiencing narrow fluctuations, with current prices remaining stable and trading atmosphere showing no significant improvement [2] - The macroeconomic environment has seen tariff delays largely digested, but future policy remains uncertain [2] - Nickel ore supply is tight due to rainy season impacts, affecting shipments from the Philippines and maintaining high domestic prices [2] Group 2: Supply and Production - Domestic stainless steel production is projected at 3.4899 million tons for May, a 0.4% decrease month-on-month but a 5.8% increase year-on-year [1] - The production of 300 series stainless steel is expected to be 1.776 million tons, down 2.6% month-on-month but up 7.5% year-on-year [1] - Some steel mills have reduced 300 series output while increasing 200 and 400 series production to alleviate losses, but the overall supply surplus remains unchanged [2] Group 3: Inventory and Pricing - Social inventory data shows a weekly decline, with a reduction of 30,800 tons in stainless steel inventory [2] - As of May 23, social inventory for 300 series in Wuxi and Foshan is 531,000 tons, down from the previous week [1] - Nickel iron prices are stable, with mainstream market quotes around 960-970 yuan per nickel, indicating pressure on domestic factory profits [2]

5月21日，中信金属今日收盘7.77元，上涨1.17%，滚动市盈率PE（当前股价与前四季度每股收益总和的 比值）达到14.34倍，总市值380.73亿元。 从行业市盈率排名来看，公司所处的贸易行业行业市盈率平均44.41倍，行业中值35.39倍，中信金属排 名第17位。 截至2025年一季报，共有5家机构持仓中信金属，其中基金3家、券商1家、其他1家，合计持股数 1789.89万股，持股市值1.39亿元。 本文源自：金融界 作者：行情君 序号股票简称PE(TTM)PE(静)市净率总市值(元)17中信金属14.3417.011.69380.73亿行业平均 44.4180.332.9088.77亿行业中值35.3951.161.9772.23亿1三态股份-4116.07494.105.3171.00亿2天音控 股-786.54334.643.53104.36亿3凯瑞德-311.79-998.9336.4817.83亿4*ST沪科-207.10-211.2231.3412.00亿5赫 美集团-92.28-92.457.2940.39亿6利尔达-82.60-60.849.3865.61亿7南极电商-40.37-50. ...

为配合战略落地，南非政府同时公布《2025年矿产资源发展法案(MRDB)》并向公众征求意见。该法案 旨在通过精简许可流程、与环境和水资源法规协调、引入小规模与手工矿业专属许可体系等，提升矿业 治理水平，打击非法开采，促进中小矿企合法合规发展。(完) 中新社约翰内斯堡5月20日电 (记者孙翔)南非矿产和石油资源部长格韦德·曼塔谢20日在开普敦发表声明 称，南非内阁正式批准《关键矿产与金属战略》，并决定将《2025年矿产资源发展法案(MRDB)》向公 众征求意见。他表示，这两份政策文件的出台，标志着南非在增强政策与监管确定性，释放南非在全球 矿产市场潜力方面迈出关键一步。 （文章来源：中国新闻网） 据介绍，该战略基于八项指标综合评估矿产"关键性"，基于出口潜力、就业带动、供应风险、销售表 现、可替代性等维度对21种矿物开展研究。 曼塔谢表示，关键矿产在全球绿色转型、能源安全与高端制造中扮演重要角色。南非政府此次制定的战 略明确铂金、锰矿、铁矿石、煤炭和铬矿为高关键性矿物；黄金、钒、钯、铑以及稀土等矿产为中高关 键性矿物；铜、钴、锂、石墨、镍、钛、磷酸盐、萤石、锆、铀和铝等矿物为中等关键性矿物。 声明称，该清单将根 ...