2026-09-03 09:00｜有色金属事件流（10条）
覆盖北京时间9月2日15:00至9月3日09:00，纳入SHFE仓单、LME官方期限结构、美国官方宏观与铝社库、铅锌加工费等10条可核验事件，保留原始数字、方向评分和失效条件。
[
{
"event_id": "shfe-nonferrous-20260902-warrant-inventory",
"title": "SHFE仓单：铝锌铜镍去库、氧化铝增库",
"event_type": "inventory",
"event_time_quality": "day_only",
"event_time_utc": null,
"published_at_utc": "2026-09-02T07:06:24Z",
"asset_keys": [
"NONFERROUS"
],
"direction_score": {
"NONFERROUS": 0
},
"confidence": 98,
"horizon": "intraday",
"raw_facts": {
"direction_score_scope": "-3至+3，仅对SSE.512400相关有色金属篮子；0为中性",
"confidence_basis": "SHFE官方中文、英文全品种页与数据文件交叉核对；官方页面无秒级发布时间，Last-Modified用于窗口准入",
"source_tier_semantics": "A=官方或公司原始披露；B=SMM或Mysteel数值详情",
"window_start_bjt": "2026-09-02 15:00",
"window_end_bjt": "2026-09-03 09:00",
"data_date_bjt": "2026-09-02",
"publication_evidence_bjt": "2026-09-02 15:06:24",
"report_period": "Vol.2026-162",
"unit": "吨",
"inventory_scope": "SHFE已制成仓单的货物数量，不等同全市场社会库存",
"copper_total": 29517,
"copper_change_vs_previous_day": -249,
"aluminum_total": 234189,
"aluminum_change_vs_previous_day": -4184,
"zinc_total": 95744,
"zinc_change_vs_previous_day": -2815,
"lead_total": 57793,
"lead_change_vs_previous_day": 0,
"nickel_total": 99935,
"nickel_change_vs_previous_day": -161,
"tin_total": 4932,
"tin_change_vs_previous_day": 27,
"alumina_warehouse_total": 249582,
"alumina_warehouse_change_vs_previous_day": 5699,
"alumina_factory_warehouse_total": 9300,
"alumina_factory_warehouse_change_vs_previous_day": 0,
"inventory_direction_note": "铜、铝、锌、镍仓单减少，锡和氧化铝仓库仓单增加，铅与氧化铝厂库仓单持平；方向混合",
"basket_direction_rule": "频道未设品种权重；方向混合时不把吨数直接相加，NONFERROUS方向记为0",
"time_basis_note": "数据日期已知但官方页面无具体发布时间；分品种数据文件Last-Modified为2026-09-02 15:06:15，北京时间"
},
"transmission_chain": "SHFE同一日报同时出现铜铝锌镍去库、锡和氧化铝仓单增加、铅持平 → 可交割资源信号在品种间分化，且频道未设品种权重 → 该条无法给NONFERROUS篮子设定单一方向，方向记为0。",
"invalidation_conditions": "SHFE更正2026-09-02日报的总量、日变动、品种或仓单口径时，按更正值重算；后续周度库存或社会库存显示相反方向时，降低单日仓单信号权重。",
"source_urls": [
"https://www.shfe.com.cn/data/tradedata/future/stockdata/dailystock_20260902/ZH/all.html",
"https://www.shfe.com.cn/data/tradedata/future/stockdata/dailystock_20260902/EN/shfe/all.html?params=1",
"https://www.shfe.com.cn/data/tradedata/future/dailydata/stock_data_list.dat",
"https://www.shfe.com.cn/data/config/currentTradingday.dat"
],
"source_tier": "A"
},
{
"event_id": "mysteel-china-20260902-lead-concentrate-tc",
"title": "铅精矿进口TC持平于-175至-160美元/干吨",
"event_type": "supply_demand",
"event_time_quality": "exact",
"event_time_utc": "2026-09-02T09:04:59Z",
"published_at_utc": "2026-09-02T09:04:59Z",
"asset_keys": [
"NONFERROUS"
],
"direction_score": {
"NONFERROUS": 0
},
"confidence": 92,
"horizon": "intraday",
"raw_facts": {
"direction_score_scope": "-3至+3，仅对SSE.512400相关有色金属篮子；0为中性",
"confidence_basis": "Mysteel原生加工费日报公开进口TC、国产加工费区间和与上一日变化",
"source_tier_semantics": "A=官方或公司原始披露；B=SMM或Mysteel数值详情",
"window_start_bjt": "2026-09-02 15:00",
"window_end_bjt": "2026-09-03 09:00",
"publication_time_bjt": "2026-09-02 17:04:59",
"data_date_bjt": "2026-09-02",
"unit_import_tc": "美元/干吨",
"unit_domestic_processing_fee": "元/金属吨",
"import_tc_low": -175,
"import_tc_high": -160,
"domestic_main_processing_fee_low": 0,
"domestic_main_processing_fee_high": 200,
"domestic_processing_fee_change_vs_previous_day": "持平",
"import_tc_change_vs_previous_day": "持平",
"import_price_change": 10,
"domestic_price_change": "持平",
"deal_examples": {
"内蒙古某铅矿生产企业出厂加工费_元每金属吨": 200,
"云南某铅锭生产企业到厂加工费_元每金属吨": -100
},
"comparison_note": "SMM其他日期和供应商口径的加工费不与本条直接相减"
},
"transmission_chain": "铅精矿进口TC维持-175至-160美元/干吨、国产主流加工费维持0至200元/金属吨 → 原生铅冶炼利润继续承压 → 矿端偏紧若持续可能限制铅锭供应；加工费当日持平，新增方向记为0。",
"invalidation_conditions": "Mysteel更正进口TC、国产加工费、地区或单位口径时，按更正值重算；后续进口窗口扩大、矿端到货改善并推动TC回升时，供应偏紧判断失效。",
"source_urls": [
"https://youse.mysteel.com/a/26090217/00B496E35B50FEC0.html"
],
"source_tier": "B"
},
{
"event_id": "mysteel-china-20260902-zinc-concentrate-tc",
"title": "锌精矿进口TC持平于-130至-110美元/干吨",
"event_type": "supply_demand",
"event_time_quality": "exact",
"event_time_utc": "2026-09-02T10:06:43Z",
"published_at_utc": "2026-09-02T10:06:43Z",
"asset_keys": [
"NONFERROUS"
],
"direction_score": {
"NONFERROUS": 0
},
"confidence": 92,
"horizon": "intraday",
"raw_facts": {
"direction_score_scope": "-3至+3，仅对SSE.512400相关有色金属篮子；0为中性",
"confidence_basis": "Mysteel原生加工费日报公开进口TC区间、前一工作日变化和国产加工费范围",
"source_tier_semantics": "A=官方或公司原始披露；B=SMM或Mysteel数值详情",
"window_start_bjt": "2026-09-02 15:00",
"window_end_bjt": "2026-09-03 09:00",
"publication_time_bjt": "2026-09-02 18:06:43",
"data_date_bjt": "2026-09-02",
"unit_import_tc": "美元/干吨",
"unit_domestic_processing_fee": "元/金属吨",
"import_tc_low": -130,
"import_tc_high": -110,
"import_tc_change_vs_previous_workday": "持平",
"domestic_50grade_processing_fee_low": -2600,
"domestic_50grade_processing_fee_high": -1700,
"domestic_main_deal": -2500,
"domestic_price_change": -430,
"import_price_change": -470,
"price_change_note": "价格变动与加工费口径不同"
},
"transmission_chain": "锌精矿进口TC维持-130至-110美元/干吨的低位区间、国产主流加工费约-2500元/金属吨 → 锌冶炼利润继续承压 → 若TC进一步下探或冶炼端减产，锌供应可能收缩；本日TC持平，新增方向记为0。",
"invalidation_conditions": "Mysteel更正进口TC、国产加工费或单位口径时，按更正值重算；后续同口径TC回升并伴随矿端到货改善时，低TC供应约束判断失效。",
"source_urls": [
"https://youse.mysteel.com/a/26090218/A2328265ABDF4B2E.html"
],
"source_tier": "B"
},
{
"event_id": "mysteel-henan-20260902-lead-basis-2610",
"title": "河南电解铅对沪铅2610贴水100—80元/吨",
"event_type": "spot_basis",
"event_time_quality": "exact",
"event_time_utc": "2026-09-02T10:56:16Z",
"published_at_utc": "2026-09-02T10:56:16Z",
"asset_keys": [
"NONFERROUS"
],
"direction_score": {
"NONFERROUS": 0
},
"confidence": 90,
"horizon": "intraday",
"raw_facts": {
"direction_score_scope": "-3至+3，仅对SSE.512400相关有色金属篮子；0为中性",
"confidence_basis": "Mysteel原生铅锭日报公开河南地区、贸易商角色、2610合约和贴水区间；同口径前值未披露",
"source_tier_semantics": "A=官方或公司原始披露；B=SMM或Mysteel数值详情",
"window_start_bjt": "2026-09-02 15:00",
"window_end_bjt": "2026-09-03 09:00",
"publication_time_bjt": "2026-09-02 18:56:16",
"data_date_bjt": "2026-09-02",
"market": "河南",
"market_role": "贸易商报价",
"metal": "电解铅",
"brand": "1#铅锭市场",
"reference_contract": "沪铅2610合约",
"unit": "元/吨",
"premium_discount_low": -100,
"premium_discount_high": -80,
"average": null,
"day_change": null,
"absolute_1pb_price": 16000,
"absolute_1pb_price_change": "较上一交易日持平",
"comparison_note": "日报未披露河南贸易商对沪铅2610合约的同口径前一日贴水"
},
"transmission_chain": "河南贸易商电解铅对沪铅2610合约报贴水100至80元/吨 → 河南现货报价低于对应近月盘面，但缺少同口径前值 → 该事件作为现货基差截面入库，方向记为0。",
"invalidation_conditions": "Mysteel更正地区、报价主体、合约或贴水区间时，按更正值重算；后续补充同口径前值并显示贴水走扩或收窄时，重新计算方向分。",
"source_urls": [
"https://youse.mysteel.com/a/26090218/7DE6A855FA90D388.html"
],
"source_tier": "B"
},
{
"event_id": "lme-nonferrous-20260902-official-price",
"title": "LME铜锌现金较3个月升水124/123美元",
"event_type": "supply_demand",
"event_time_quality": "day_only",
"event_time_utc": null,
"published_at_utc": "2026-09-02T12:25:00Z",
"asset_keys": [
"NONFERROUS"
],
"direction_score": {
"NONFERROUS": 1
},
"confidence": 96,
"horizon": "intraday",
"raw_facts": {
"direction_score_scope": "-3至+3，仅对SSE.512400相关有色金属篮子；0为中性",
"confidence_basis": "LME官方价页逐项核对；官方发布时段可确认，页面未提供每个报价的秒级发布时间",
"source_tier_semantics": "A=官方或公司原始披露；B=SMM或Mysteel数值详情",
"window_start_bjt": "2026-09-02 15:00",
"window_end_bjt": "2026-09-03 09:00",
"valid_date_bjt": "2026-09-02",
"official_release_window_london": "12:20-13:25",
"official_release_window_bjt": "2026-09-02 19:20-20:25",
"unit": "美元/公吨",
"price_basis": "现金Bid/Ask与3个月Bid/Ask；现金减3个月的结构价差使用Bid端计算",
"copper_cash_bid": 14350.0,
"copper_cash_ask": 14355.0,
"copper_3m_bid": 14226.0,
"copper_3m_ask": 14227.0,
"copper_cash_minus_3m_bid": 124.0,
"aluminum_cash_bid": 3254.5,
"aluminum_cash_ask": 3255.5,
"aluminum_3m_bid": 3253.0,
"aluminum_3m_ask": 3253.5,
"aluminum_cash_minus_3m_bid": 1.5,
"zinc_cash_bid": 3998.0,
"zinc_cash_ask": 4000.0,
"zinc_3m_bid": 3875.0,
"zinc_3m_ask": 3877.0,
"zinc_cash_minus_3m_bid": 123.0,
"nickel_cash_bid": 16520.0,
"nickel_cash_ask": 16530.0,
"nickel_3m_bid": 16650.0,
"nickel_3m_ask": 16675.0,
"nickel_cash_minus_3m_bid": -130.0,
"lead_cash_bid": 1871.0,
"lead_cash_ask": 1873.0,
"lead_3m_bid": 1904.0,
"lead_3m_ask": 1906.0,
"lead_cash_minus_3m_bid": -33.0,
"tin_cash_bid": 53900.0,
"tin_cash_ask": 53950.0,
"tin_3m_bid": 54290.0,
"tin_3m_ask": 54300.0,
"tin_cash_minus_3m_bid": -390.0,
"structure_note": "铜、铝、锌现金Bid高于3个月Bid；镍、铅、锡现金Bid低于3个月Bid；LME免费页面按次日延迟展示"
},
"transmission_chain": "LME 9月2日现金与3个月结构显示铜、锌现金端分别高出124和123美元/公吨，铝接近持平，镍铅锡呈反向结构 → 部分金属近月可得资源相对偏紧、部分金属远月供给溢价更高 → 有色金属篮子短线期限结构信号偏正，记为+1。",
"invalidation_conditions": "LME更正2026-09-02官方现金或3个月Bid/Ask、有效日期或报价单位时，按更正值重算；现货与3个月报价的方向解释不替代库存和现货升贴水数据。",
"source_urls": [
"https://www.lme.com/market-data/reports-and-data/lme-official-prices",
"https://www.lme.com/metals/non-ferrous/lme-lead",
"https://www.lme.com/en/Metals/Non-ferrous/LME-Nickel",
"https://www.lme.com/market-data/reports-and-data/publication-schedule"
],
"source_tier": "A"
},
{
"event_id": "bls-us-20260902-metro-unemployment",
"title": "美国7月失业率4.4%；241个都会区同比下降",
"event_type": "macro_release",
"event_time_quality": "exact",
"event_time_utc": "2026-09-02T14:00:00Z",
"published_at_utc": "2026-09-02T14:00:00Z",
"asset_keys": [
"NONFERROUS"
],
"direction_score": {
"NONFERROUS": 0
},
"confidence": 90,
"horizon": "days",
"raw_facts": {
"direction_score_scope": "-3至+3，仅对SSE.512400相关有色金属篮子；0为中性",
"confidence_basis": "美国劳工统计局USDL-26-1433官方详情；全国与都会区统计口径在原文区分",
"source_tier_semantics": "A=官方或公司原始披露；B=SMM或Mysteel数值详情",
"window_start_bjt": "2026-09-02 15:00",
"window_end_bjt": "2026-09-03 09:00",
"release_time_bjt": "2026-09-02 22:00",
"release_time_et": "2026-09-02 10:00 AM",
"data_period": "2026-07",
"news_release_id": "USDL-26-1433",
"unit": "百分比；都会区统计为个数",
"national_unemployment_rate_not_seasonally_adjusted_percent": 4.4,
"national_rate_year_over_year_note": "与一年前相比基本持平",
"metro_areas_total": 387,
"metro_areas_rate_lower_than_year_ago": 241,
"metro_areas_rate_higher_than_year_ago": 128,
"metro_areas_rate_unchanged": 18,
"areas_jobless_rate_below_3_percent": 22,
"areas_jobless_rate_at_least_8_percent": 7,
"metro_nonfarm_payroll_up_over_year": 19,
"metro_nonfarm_payroll_down_over_year": 4,
"metro_nonfarm_payroll_essentially_unchanged": 364,
"largest_yoy_payroll_decline": "Washington-Arlington-Alexandria DC-VA-MD-WV，减少73200人，-2.2%",
"largest_yoy_payroll_gain": "New York-Newark-Jersey City NY-NJ，增加96000人",
"comparison_note": "全国失业率为非季调住户调查口径；都会区失业率与非农就业为地方劳动力市场口径"
},
"transmission_chain": "美国7月非季调全国失业率为4.4%且同比基本持平，387个都会区中241个失业率同比下降 → 劳动力市场总体保持平稳 → 工业金属终端需求缺少明确加速或恶化信号，方向记为0。",
"invalidation_conditions": "美国劳工统计局后续修订2026年7月都会区或州级劳动力数据并改变方向，或下一期就业报告显示就业明显转弱时，按新数据重判。",
"source_urls": [
"https://www.bls.gov/news.release/metro.nr0.htm",
"https://www.bls.gov/schedule/2026/home.htm"
],
"source_tier": "A"
},
{
"event_id": "census-us-20260902-factory-orders",
"title": "美国7月制造新订单6636亿美元环比增0.9%",
"event_type": "macro_release",
"event_time_quality": "exact",
"event_time_utc": "2026-09-02T14:00:00Z",
"published_at_utc": "2026-09-02T14:00:00Z",
"asset_keys": [
"NONFERROUS"
],
"direction_score": {
"NONFERROUS": 1
},
"confidence": 95,
"horizon": "days",
"raw_facts": {
"direction_score_scope": "-3至+3，仅对SSE.512400相关有色金属篮子；0为中性",
"confidence_basis": "美国人口普查局官方发布CB26-135；发布时间、原始金额和环比均在原文核验",
"source_tier_semantics": "A=官方或公司原始披露；B=SMM或Mysteel数值详情",
"window_start_bjt": "2026-09-02 15:00",
"window_end_bjt": "2026-09-03 09:00",
"release_time_bjt": "2026-09-02 22:00",
"release_time_et": "2026-09-02 10:00 AM",
"data_period": "2026-07",
"press_release_id": "CB26-135",
"unit": "十亿美元；季调",
"new_orders": 663.6,
"new_orders_month_over_month_change": 5.8,
"new_orders_month_over_month_percent": 0.9,
"june_new_orders_month_over_month_percent_revised": -0.2,
"shipments": 658.8,
"shipments_month_over_month_change": 5.3,
"shipments_month_over_month_percent": 0.8,
"unfilled_orders": 1600.3,
"unfilled_orders_month_over_month_change": 9.9,
"unfilled_orders_month_over_month_percent": 0.6,
"unfilled_orders_to_shipments_ratio_as_reported": 6.81,
"unfilled_orders_to_shipments_ratio_previous_month_as_reported": 6.84,
"unfilled_orders_to_shipments_ratio_note": "美国人口普查局在发布正文中直接报告该比值；本对象保留原文比值，不用标题总额自行重算",
"inventories": 966.9,
"inventories_month_over_month_change": 3.5,
"inventories_month_over_month_percent": 0.4,
"inventories_to_shipments_ratio": 1.47,
"comparison_note": "新订单环比由6月修订后的-0.2%转为7月的+0.9%",
"prior_two_months_note": "美国人口普查局发布正文直接说明7月新订单是在连续两个月下降后回升"
},
"transmission_chain": "美国7月制造新订单环比增加58亿美元至6636亿美元、结束连续两个月下降，出货、在手订单和库存同步增加 → 制造业活动与补库预期改善 → 铜铝等工业金属需求信号偏正，记为+1。",
"invalidation_conditions": "美国人口普查局后续修订2026年7月订单数据并改变环比方向，或8月新订单重新下降时，按修订值重算；金额口径不直接等于金属实物消费。",
"source_urls": [
"https://www.census.gov/manufacturing/m3/current/index.html",
"https://www.census.gov/economic-indicators/calendar-listview.html"
],
"source_tier": "A"
},
{
"event_id": "fed-us-20260902-beige-book",
"title": "联储褐皮书称制造业多数地区回升、金属价格普涨",
"event_type": "macro_release",
"event_time_quality": "exact",
"event_time_utc": "2026-09-02T18:00:00Z",
"published_at_utc": "2026-09-02T18:00:00Z",
"asset_keys": [
"NONFERROUS"
],
"direction_score": {
"NONFERROUS": 1
},
"confidence": 88,
"horizon": "weeks",
"raw_facts": {
"direction_score_scope": "-3至+3，仅对SSE.512400相关有色金属篮子；0为中性",
"confidence_basis": "美联储官方褐皮书摘要；定性调查来源明确，原文不把内容表述为统计估计",
"source_tier_semantics": "A=官方或公司原始披露；B=SMM或Mysteel数值详情",
"window_start_bjt": "2026-09-02 15:00",
"window_end_bjt": "2026-09-03 09:00",
"release_time_bjt": "2026-09-03 02:00",
"release_time_et": "2026-09-02 2:00 PM",
"report_label": "Beige Book September 2, 2026",
"prepared_by": "Federal Reserve Bank of Minneapolis",
"information_cutoff": "2026-08-24或更早",
"report_nature": "联储定性景气综述，不是统计发布，也不代表联储官员观点",
"districts_reporting_slight_to_moderate_growth": 10,
"districts_reporting_no_change": 2,
"activity_summary": "自2026年7月初以来经济活动温和增长",
"manufacturing_note": "多数地区制造业活动回升，部分地区国防和数据中心相关订单需求强劲",
"construction_note": "住宅建设下降，非住宅建设总体增加，部分地区数据中心项目高度集中",
"metals_price_note": "多个地区制造业和建筑业投入品价格压力明显，能源、运输和原材料尤其是金属与石化产品价格普遍上涨",
"price_pace_note": "8个地区价格上涨速度与上期持平，3个放缓，1个加快"
},
"transmission_chain": "褐皮书记录美国经济活动温和增长、制造业多数地区回升、非住宅建设总体增加 → 工业金属终端需求信号偏强；金属等原材料价格普遍上涨属于成本压力记录 → 铜铝等有色金属中期需求方向温和偏正，记为+1。",
"invalidation_conditions": "后续美国制造业或就业硬数据显著转弱、或美联储后续报告修正对制造业和投入品价格的描述时，降低本定性事件的信号权重。",
"source_urls": [
"https://www.federalreserve.gov/monetarypolicy/beigebook202608-summary.htm",
"https://www.federalreserve.gov/monetarypolicy/publications/beige-book-default.htm",
"https://www.federalreserve.gov/newsevents/2026-september.htm"
],
"source_tier": "A"
},
{
"event_id": "smm-china-20260903-aluminum-social-inventory",
"title": "SMM铝锭社库较周一减2.2万吨至81.5万吨",
"event_type": "inventory",
"event_time_quality": "day_only",
"event_time_utc": null,
"published_at_utc": "2026-09-03T00:57:00Z",
"asset_keys": [
"NONFERROUS"
],
"direction_score": {
"NONFERROUS": 1
},
"confidence": 93,
"horizon": "intraday",
"raw_facts": {
"direction_score_scope": "-3至+3，仅对SSE.512400相关有色金属篮子；0为中性",
"confidence_basis": "SMM原生详情页公开当前值、周内变化和数据终端更新时间；分地区明细在登录墙后未使用",
"source_tier_semantics": "A=官方或公司原始披露；B=SMM或Mysteel数值详情",
"window_start_bjt": "2026-09-02 15:00",
"window_end_bjt": "2026-09-03 09:00",
"publication_time_bjt": "2026-09-03 08:57",
"data_date_bjt": "2026-09-03",
"inventory_scope": "SMM国内主流消费地电解铝锭社会库存",
"unit": "万吨",
"inventory": 81.5,
"change_vs_monday": -2.2,
"monday_date_bjt": "2026-08-31",
"monday_inventory": 83.7,
"change_vs_last_thursday": -3.7,
"last_thursday_date_bjt": "2026-08-27",
"last_thursday_inventory": 85.2,
"data_terminal_update_note": "库存数据已于9:00在数据终端完成更新",
"regional_detail": "登录墙后不可见"
},
"transmission_chain": "SMM铝锭社会库存较周一减少2.2万吨、较上周四减少3.7万吨 → 在可流通库存占比稳定的前提下，主流消费地现货可得货源可能边际收紧 → 现货升水与沪铝近月价格获得支撑的概率上升，方向记为+1。",
"invalidation_conditions": "SMM更正库存数值、样本范围或地区权重时，按更正值重算；后续库存转为累积，或减量被重新归入不可流通库存时，下调方向分。",
"source_urls": [
"https://hq.smm.cn/aluminum/content/104094169"
],
"source_tier": "B"
},
{
"event_id": "mysteel-china-20260903-aluminum-social-inventory",
"title": "Mysteel电解铝社库降2.0万吨至78.9万吨",
"event_type": "inventory",
"event_time_quality": "day_only",
"event_time_utc": null,
"published_at_utc": "2026-09-03T00:57:22Z",
"asset_keys": [
"NONFERROUS"
],
"direction_score": {
"NONFERROUS": 1
},
"confidence": 93,
"horizon": "intraday",
"raw_facts": {
"direction_score_scope": "-3至+3，仅对SSE.512400相关有色金属篮子；0为中性",
"confidence_basis": "Mysteel原生详情页JSON-LD与页面发布时间交叉核对；正文同时披露不可流动库存注记",
"source_tier_semantics": "A=官方或公司原始披露；B=SMM或Mysteel数值详情",
"window_start_bjt": "2026-09-02 15:00",
"window_end_bjt": "2026-09-03 09:00",
"publication_time_bjt": "2026-09-03 08:57:22",
"data_period": "2026-08-31至2026-09-03",
"inventory_scope": "Mysteel中国主要地区电解铝社会库存",
"unit": "万吨",
"inventory_start": 80.9,
"inventory_end": 78.9,
"change": -2.0,
"declining_regions": [
"无锡",
"佛山",
"巩义"
],
"increasing_regions": [
"天津",
"沈阳",
"广元"
],
"other_regions_change": "持平",
"non_liquid_inventory": 10.7,
"non_liquid_inventory_note": "约10.7万吨货权不清晰且不能流动，涉及上海、宁波、杭州、佛山",
"comparability_note": "Mysteel主要地区口径与SMM主流消费地口径不同，78.9万吨与81.5万吨不可互换"
},
"transmission_chain": "Mysteel主要地区电解铝社会库存由80.9万吨降至78.9万吨 → 主要仓库流通压力边际减轻，但约10.7万吨库存货权不清且不能流动使实际可交易去库幅度需打折 → 铝现货与价格获得温和支撑，方向记为+1。",
"invalidation_conditions": "Mysteel更正库存数值、样本范围或不可流动库存注记时，按更正值重算；后续细分显示去库全部来自不可流动库存，或库存转增超过2.0万吨时，下调方向分。",
"source_urls": [
"https://youse.mysteel.com/a/26090308/390182162B9914DC.html"
],
"source_tier": "B"
}
]This story was produced automatically by a channel. One sentence is all it takes for Neodrop to keep producing for you.