金属新材料周报：

20241028 F3022355Z0013588 F03119103Z0019515 F03119103 1. 2. 3. 4. 5. 6. 7. 8. -2- iFinD -3- iFinD -4- 注：包含LME、COMEX、SHFE交易所库存，以及中国电解铜社库、保 税库。 LMESHFE 注：包含SHFE氧化铝交易所库存和中国港口氧化铝社库库存。 注：包含LME、SHFE交易所库存，以及中国镍板、镍豆社库和保税库。 LMECOMEXSHFE SHFE LMESHFE GFEX 注：包含LME、SHFE交易所库存，以及中国七地精锌社库。 注：包含GFEX交易所库存，以及中国社库。 SMM • • • • •2024RKAB 2024RKAB • •11 11 -6- -7- 1 2ETFCFTC 325bp 4 2025 10 GDP9PCE WindiFinD -8- iFinD -9- 1.=-2.=-/3. - = /4.SGE5. •10251.04%624.72/ 3.29%8,140/ 0.42%627.36/0.70%8,197/ •1018ETF23.93218.91025 ETFSPDR1.15889.8iShares3.03380.2ETFSLV10614,873PSLVPHAGCEFSIVR •1022CFTC6,805+2.89%242,089COT 96%CFTC11,828+33.29%47,360COT 97% •1018COMEX1.72SHFE0.40COMEX15.15SHFE 88.331011SGE12.60 iFinD -10- •2024102402:0011 25bp19 23 4 5 6 •2024101720:30USCB7+0.4%+0.3%+0.1%,+1.34% +1.89%+0.5%+0.1%+0.2%,+1.9%+2.21% •12024102322:009384386386388- 1% +0.7% -2.1% -3.52% -3.72% 139 137 4.34 4.24 2 2024 1024 22:00 USCB 9 73.8 72 71.6 70.9 +4.1% +0.6% -2.3% +4.09% -2.34% 9 iFinD -11- /VIX iFinD -12- ETF ETFETFETF 2024/10/181649.01317.0187.964.9 - - 3218.92809.02024/10/25 SPRD 889.78 iShares 380.16 SLV 14,873 PSLV 5,103 PHAG 1,790 CEF 1,562 - - SIVR 14 - - ETPMAG 262 20249ETF14 ETF5%2710 ETF ETFETF ETF -1.56 ETF21395.31.22 ETF WGCiFinD -13- CFTC CFTCCFTC CFTC COT CFTC COT WindiFinD -14- •20249LBMA12.29-0.14% 8663LBMA34-0.13%26,212 iFinD -15- •铜 16 •-0.61%-0.74% •PMI • • -17- •8.07248/ •76.5%2.4% •220.95.670.05 16.30.5LME27.70.7 COMEX8.60.8 •TasekoFlorence40%2025 85003.86LMEA22Taseko 120% •1021 96% 18 SMMMysteelWindSHFE -19- 2024/10/25 2024/10/18 76410 76980 -570 -0.74% -0.92% 14.63% 9563.5 9622.5 -59 -0.61% -5.22% 19.72% 76520 76520 0 0.00% -2.97% 14.40% -70 -30 -40 -133.33% #DIV/0! -128.00% -133.1 -122.47 -10.63 -8.68% 1.89% -78.66% -296 -338.38 42.38 12.52% -28.68% -46.35% 181900 171442 10458 6.10% -43.93% 55.20% 407550 421638 -14088 -3.34% -16.59% 8.06% 242120 242791 -671 -0.28% 7.07% 7.75% % 41.3 40.8 0.5 1.23% -3.05% 29.06% % 27.9 26.2 1.7 6.49% 0.00% -32.28% - 0.66 0.68 -0.02 -3.25% -0.73% 32.96% % 15.5 16.1 -0.6 -3.97% -5.21% 112.35% % 5.9 5.4 0.5 8.47% 9.07% -43.80% % 55.1 54.8 0.4 0.66% 0.33% -8.34% % 52.0 51.8 0.3 0.50% -1.03% -0.08% 10.9 10.5 0.4 3.63% 67.85% -87.76% -1442 -1560 118 7.58% 16.75% -174.27% 1764 1671 92 5.53% 8.23% -7.46% 830 734 96 13.15% 4.64% -75.92% -1083 -1178 95 8.05% 7.96% -160.86% 248 251 -3 -1.20% 1057.98% -27.10% - 7.99 8.01 -0.01 -0.17% 1.25% -3.83% - 8.15 8.08 0.08 0.93% 3.70% -3.62% - 1.12 1.12 0.00 0.09% 2.91% -2.88% - 7.11 7.13 -0.02 -0.26% 1.05% -0.98% -593 -128 -465 -362.62% -137.24% 46.39% -600 -163 -437 -268.94% -141.07% 44.59% 226 -188 414 220.18% 120.01% -84.28% % 76.52 78.89 -2.37 -3.00% 36.94% -10.48% SMMMysteelWindSHFELMECFTC -20- SMM1#SMM1# LMELME0-3 SMMWindLME21 COMEXLME WindSHFECFTCLME22 TC SMMMysteelWind23 - SMMWindLMESHFE24 -1#-1# SMM25 SMM26 SMM27 LMESHFE COMEXSHFE SMMWindSHFECME28 -29- 111-12 70-80 250 AL、AO 偏强 3 20245.4% AO25034500以下做多 4300 止盈：5200（第一目标位） 03 WindiFinD -30- •• 10 10 25 25 40 -22% CIF 2 +2.91% +4.18% • 10 25 +0.78% 30 • 10 25 30/ • 10 25 • 10 25 WindiFinD -31- LMESHFE iFinDSMMMysteel -32- iFindSMMMysteel -33- CIF iFindSMMMysteel -34- SHFE iFindATKWindSMM -35- WindiFindMysteelSMM -36- WindiFindMysteel -37- SMMMysteel -38- iFinDSMM -39- •铜 40 •+0.32%-1.61% • • • -41- SMM1#SMM1# LMELME0-3 SMMWindLME42 LMELME WindSHFECFTCLME43 - SMMMysteelWind44 SMMWindLMESHFE45 MBB SMM46 SHFE LME SMMWindSHFELME47 •镍 48 •102516167 2024RKAB RKAB 16897-730-4.32%17135 1610510301025126120 128750-2630-2.13%130890 1250005890 •LME13552213437011520.86% 25213243428713.58% 8282.39%19801.17% • •2024RKAB 2024RKAB -49- •BahlilLahadalia RKAB RKAB BahlilLahadalia •sherrittMoa1021SherrittInternationalMoa 101850%60%Sherritt 2024202430,000-32,0003,100-3,400 50 2024/10/25 2024/10/18 1 2 3 126120 128750 -2630 2.13% 0.73% 16167 16897 -730 4.32% 97.37% -245.17 -253.55 8 3.31% 7.53% -761 -767 6 0.80% #N/A -240 -380 140 36.84% 200.00% 126150 128500 -2350 1.83% 1.71% - -200 -200 0 - - 1550 1700 -150 8.82% 55.71% - -350 -350 0 - 87.04% 153088 165725 -12637 7.63% 57.14% 145802 129981 15821 12.17% 39.09% % 11.38 11.40 0.0 0.18% 4.02% % 10.07 9.40 0.7 7.13% 42.69% % 63.47 63.99 -0.5 0.81% 3.60% % 56.55 57.46 -0.9 1.58% 13.87% - 28.60 28.60 0.00 - 8.36% - 39.00 39.00 0 - 5.41% 1018.50 1030.00 -12 1.12% 11.31% % - 84.0 84.0 0.0 - 104.35% % - 81.0 81.0 0.0 - 110.96% 27525 28195 -670 2.38% 4.26% - 12.29 12.29 0.00 - 16.90% -3552.36 -3565.91 14 0.38% 2.96% 5052.64 -288.91 5342 1848.87% 104.25% -886.4 -190.9 -695 364.28% 84.85% -243.0 -255.0 12 4.71% 34.06% -247.9 -247.9 0 0.00% 69.34% -4533.74 -7078.30 2545 35.95% 34.29% LME LME SMMiFind -51- 1.=-2.=-/ /4.SGE 3.=- 5. LMELME0-3 SMMWindLME -52- 1.5% 1.8% 1.5%1.6% 14- iFindSMMMysteel -53- MHPLME MHP MHP LME iFindSMMMysteel -54- 8-12% iFindSMMMysteel -55- iFindSMMMysteel -56- LME SMMiFind -57- - = 3. 1.=-2.=-/ 5. /4.