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【观点】正信期货:锌价暂有突破震荡区间势头_我的网站

一 | (ECNS) -- Beijing Subway Line 22, the capital's first urban rail route linking neighboring Hebei Province, began emptyload trial operations Tuesday, according to the Beijing Major Projects Construction Headquarters Office and BII Railway Transportation Technology Holdings Company Limited. Stretching about 79.1 kilometers with a speed up to 160 km/h on elevated sections and 120 km/h underground, Subway Line 22 runs from Hongmiao in Chaoyang district to Pinggu New Town, with 20 stations in total, including 15 in Beijing and five in Hebei. Once operational, travel from Yanjiao Town in Hebei to Beijing's Sub-Center Station will take just nine minutes, while journeys to Hongmiao Station in the capital's central business district will be about 28 minutes. Officials described Line 22 as a "major transport artery" for regional integration. The route will connect with multiple existing lines, including transfers at Hongmiao to Line 14, Guanzhuang to Line 1, Beiguan to Line 6, and Beijing Sub-Center Station to Line 6 and the Beijing-Tangshan intercity railway. The line is expected to be ready for opening by year's end. (By Gong Weiwei)
。 主力10合约上行至26300关口附近。近期盘面上涨由外盘主导,内外价差继续拉大,LME现货升水大涨暗示外盘挤仓压力。

二 | 梳理锌产业基本面,国内1—3月锌矿进口量增速较快,传导至冶炼端,精炼锌产出延续增势。随着沪伦比再次走低,4月起锌矿进口量回落,原料供应趋紧之下加工费快速走低,炼厂利润显著承压,国内炼厂三季度逐步减产。国内需求端仍疲弱,社库处于历史同期高位,去库困难。从全球整体视角看,2026年锌矿虽仍在扩张周期中,但由于存量大矿品位...。
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