有色金属行业：2024年2月中国社会融资规模为15211亿元，同比下降51.88%25，环比下降76.73%25

本研究报告由海通国际分销，海通国际是由海通国际研究有限公司，海通证券印度私人有限公司，海通国际株式会社和海通国际证券集团其他各成员单位的证券研究团队所组成的全球品牌，海通国际证券集团各成员分别在其许可的司法管辖区内从事证券活动。关于海通国际的分析师证明，重要披露声明和免责声明，请参阅附录。(Pleaseseeappendix for English translation of the disclaimer)2024年2月中国社会融资规模为15211亿元，同比下降51.88%，环比下降76.73%China’s social financing scale of Feb24 was Rmb1521.1bn,down 51.88% YoY and 76.73% MoM吴旖婕 Yijie Wu, lisa.yj.wu@htisec.com王曼琪 Manqi Wang, mq.wang@htisec.com2024年3月17日For full disclosure of risks, valuation methodologies and target price formation on all HTI rated stocks, please refer to the latest full report on our website at equities.htisec.com2表 ：主要产品的最新价格、年初价格及年初至今涨跌幅（截止2024年3月15日）资料来源：WIND金属单位最新报价23Q4均价23Q3均价现价较Q4均价变化铜美元/吨9012.008242.708389.399.33%铝美元/吨2270.502222.522198.632.16%锌美元/吨2566.002507.942440.392.32%锡美元/吨28500.0024684.6826732.8115.46%镍美元/吨18325.0017490.3220554.064.77%金美元/盎司2161.501986.751947.188.80%银美元/盎司25.3823.4023.758.46%碳酸锂元/吨112240.00140506.00240626.56-20.12%铁矿石元/吨795.50927.13821.08-14.20%螺纹钢元/吨3504.003845.133750.20-8.87%氧化镨钕元/吨348000.00492129.03485781.25-29.29%仲钨酸铵元/吨185330.00179182.17179341.413.43%镁元/吨19450.0022358.7523616.41-13.01%For full disclosure of risks, valuation methodologies and target price formation on all HTI rated stocks, please refer to the latest full report on our website at equities.htisec.com3•智利铜矿产量：2023年12月智利铜矿产量为494700吨，同比下降0.56%，环比上升11.72%。资料来源：智利铜委员会，海通国际-20%-15%-10%-5%0%5%10%01000002000003000004000005000006000002020-032020-062020-092020-122021-032021-062021-092021-122022-032022-062022-092022-122023-032023-062023-092023-12智利铜月度产量及同比增速月度产量（吨）同比增速For full disclosure of risks, valuation methodologies and target price formation on all HTI rated stocks, please refer to the latest full report on our website at equities.htisec.com4•全球原铝产量：2024年1月全球原铝产量为603.9万吨，同比上升3.48%，环比下降0.03%。资料来源：全球铝业协会官网，海通国际-4%-2%0%2%4%6%8%4604805005205405605806006202020-112020-122021-012021-022021-032021-042021-052021-062021-072021-082021-092021-102021-112021-122022-012022-022022-032022-042022-052022-062022-072022-082022-092022-102022-112022-122023-012023-022023-032023-042023-052023-062023-072023-082023-092023-102023-112023-122024-01全球铝产量月度数据及同比增速全球铝产量（万吨，左轴）同比增速For full disclosure of risks, valuation methodologies and target price formation on all HTI rated stocks, please refer to the latest full report on our website at equities.htisec.com5•中美欧电动车总计销量：2024年1月中美欧电动车总计销量为999517辆，同比上升49.53%，环比下降38.12%。资料来源： Wind，InsideEV，Clean technica，海通国际0%50%100%150%200%250%300%0200,000400,000600,000800,0001,000,0001,200,0001,400,0001,600,0001,800,0002021-032021-042021-052021-062021-072021-082021-092021-102021-112021-122022-012022-022022-032022-042022-052022-062022-072022-082022-092022-102022-112022-122023-012023-022023-032023-042023-052023-062023-072023-082023-092023-102023-112023-122024-01图：中美欧新能源车销量中国新能源汽车月度销量欧洲新能源汽车月度销量美国新能源汽车月度销量同比增速For full disclosure of risks, valuation methodologies and target price formation on all HTI rated stocks, please refer to the latest full report on our website at equiti