孟连县地处云南西南边疆，橡胶产业是当地农业经济的"压舱石"，数千农户的生计与这片胶林紧密相 连。然而，橡胶价格受全球供需、宏观经济等多重因素影响，近年波动频繁，胶农"凌晨割胶、午后担 惊"成为常态——辛苦产出的干胶若遇上价格下跌，一年的劳作收益可能大幅缩水。如何让边疆胶农 从"看天吃饭"转向"风险可控"，成为国元期货践行"金融服务三农"使命的重要课题。 期货日报记者在采访中发现，为破解这一难题，国元期货积极协助构建"政府+交易所+期货+保险"四方 协同机制，项目团队灵活运用金融工具，优化期权结构设计，精心调研产业周期规律，紧盯产区气候变 化和市场价格趋势。从项目启动到提前兑付，国元期货全程跟踪，实时与保险公司、当地政府沟通，确 保胶农基本收益有保障，提升胶农割胶的积极性，促进橡胶产业的健康发展的同时，让项目推进既"有 效率"更"有温度"。 期货日报网讯（记者 谭亚敏）近日，在上期所的支持下，由国元期货和太保财险云南分公司承办的云 南孟连县橡胶"保险+期货"项目顺利收官，本项目涉及橡胶3300余吨，项目赔付率超100%。此项目不仅 为当地傣族、彝族、拉祜族、佤族等多民族胶农筑牢了收益"安全网",更是为边疆特色产 ...

依托集团优势 深耕产业链风险管理服务 《关于加强监管防范风险促进期货市场高质量发展的意见》（下称《意见》）的发布，为期货市场发展 指明了方向、规划了路径。一年来，招商期货遵循文件精神，坚守"金融服务实体经济"的初心，坚 持"稳中求进，以进促稳"，在更好地发挥期货市场功能和推动市场高质量发展上交出了创新答卷。 招商期货积极践行金融服务实体经济根本宗旨，依托招商局集团综合资源优势，通过"招商大宗商品研 究"与"招商风险管家"双品牌协同发力，深度渗透产业链与产业集群，联动招商局集团内外资源形成产 融、融融协同生态，筑牢长期发展的产业根基与价值创造能力。 "招商大宗商品研究"带来宏观与产业研究的深度赋能。招商期货依托招商局集团强大的产业背景和招商 证券的综合金融优势，整合银行、证券、期货、仓储、物流等内外部资源，构建了"招商大宗商品研 究"品牌。通过定期举办高规格的"招商风险管理大会"、"宏观与商品的互证"系列沙龙、"有色股期联动 论坛"等品牌活动，为实体企业提供"宏观大势研判+中观产业洞察+微观期货策略"的多位一体研究服 务。 "招商风险管家"专注于为产业企业提供一站式、全生命周期的综合风险管理解决方案，其服务贯穿 ...

Core Viewpoint - The document outlines the importance of strengthening regulation and risk prevention in the futures market to promote high-quality development and enhance service efficiency for the real economy [1] Group 1: Regulatory and Risk Management - The company has internalized the key tasks of serving the real economy, preventing and resolving risks, and deepening reform and opening up, guided by the regulatory opinions [1] - A comprehensive and intelligent risk management system has been established, utilizing ISO 37301 compliance management certification to reshape the institutional framework [3] - The company has not experienced any major risk events in 2024, maintaining compliance with all risk control indicators and successfully passing the first supervision audit of ISO 37301 [3] Group 2: Innovation and Development - The company has implemented a market-oriented personnel system, allowing 100% of positions to be filled through competition, which has optimized the structure of the leadership team and ignited employee enthusiasm [4] - Continuous investment in information technology and the deployment of data centers in various locations have been prioritized to ensure a stable, efficient, and secure trading environment for investors [5] - The company actively engages in investor education and protection, collaborating with major exchanges to conduct educational activities across various financial products [5] Group 3: Future Outlook - The company aims to strictly implement the regulatory opinions, continuously optimize its business structure, enhance risk control levels, and strengthen service capabilities [6] - There is a commitment to contribute to the stable development of the Chinese futures market and the construction of a financial strong nation through innovative measures and deeper integration into the Guangdong-Hong Kong-Macao Greater Bay Area [6]

《关于加强监管防范风险促进期货市场高质量发展的意见》（下称《意见》）这份纲领性文件为行业高 质量发展指明了方向，对行业格局将产生深远的影响。前海期货深刻把握政策精髓，将企业发展融入国 家战略全局，以资本链、产业链、数字链协同发展为核心，推动公司治理、业务、文化全方位升级，探 索一条符合自身特点的发展道路。 《意见》全文贯穿"提升商品期货市场服务实体经济质效"的主线。公司依托新股东的产业背景，聚焦主 业、推动服务模式创新与升级。 深化架构调整，提升运营效能。公司对组织架构实施系统性重构，以提升协同效率和响应市场能力。将 原有客户管理、结算交割及交易风控这三个部门合并为经纪业务运营中心，实现业务流程集约化与一体 化管理；将"投资研究中心"升级为"研究所"，强化专业研究与品牌辨识度；将"客户服务总部"更名 为"市场总部"，凸显其价值挖掘与业务推动职能；新设数字化运营中心、战略与效率管理部，充分体现 公司"创新驱动、风控护航"的双轮发展理念。 聚力品牌建设，精准服务产业。公司精心打造"前海荟"投教品牌，聚焦产业实际需求，践行"精准滴 灌"服务理念。2025年以来，公司已举办培训活动29场，覆盖人次同比增长35%，并通 ...

图为商品期货资金流出前十名（亿元） 图为板块资金流入额（亿元） 图为金融期货主连合约资金流向（亿元） 图为商品期货主连合约资金流向（亿元） 单品种看，昨日资金主要流入的商品期货（主连合约）品种有短纤、玻璃、焦煤、豆粕和对二甲苯，分别流入2.96 亿元、2.08 亿元、1.21 亿元、1.04 亿元和 0.96 亿元；主要流出的品种有黄金、铜、白银、铝和生猪，分别流出6.34 亿元、5.21 亿元、2.05 亿元、1.17 亿元和1.16 亿元。从主力合约看，黑色、化工和 金融板块呈流入状态，有色金属和农产品呈流出状态。 整体看，昨日商品期货（主连合约）资金呈中幅流出状态。有色金属和农产品板块呈流出状态，重点关注流出较多的黄金、铜、白银、铝、生猪和玉米，同 时关注逆势流入的豆粕、白糖和氧化铝。黑色和化工板块呈流入状态，重点关注流入较多的短纤、玻璃、焦煤和甲醇，同时关注逆势流出的原油和橡胶。金 融板块重点关注沪深300股指期货和30年期国债期货。（徽商期货 方正） 图为商品期货资金流入前十名（亿元） ...

南达科他州"巨雷金矿"博物馆联合所有者桑迪·麦克莱恩说，他们收到大量寻求建议的请求。这座博物 馆开设淘金课程，允许人们在这座昔日金矿勘探，找到的东西归发现者所有。这样的淘金课程爆满。 据新华社电 随着国际黄金价格屡创新高，19世纪中期的淘金热如今在美国重演。 两周前，加利福尼亚州焊工迈克·休利特发现了金子。当时，他带着金属探测器在加州北部沙斯塔山搜 寻，探测器突然开始哔哔作响。他测到一些碎石下埋藏着金属，挖出来一看，是一块约有他小拇指指甲 一半大小的金子。 按照《华尔街日报》说法，一股当代淘金热正席卷全美。社交媒体上，人们炫耀着发现的金子，展示他 们的淘金设备，或者交流淘金经验，仔细研究地图，决心找出仍可能藏有黄金的地方。 博物馆售卖桶装"含矿砂土"，每桶55美元，内装矿砂，今年销量较去年增长50%。麦克莱恩说，她经营 这座博物馆33年，从未见过如此狂热的景象。 阿拉斯加州淘金人帕克·施纳贝尔经常在探索频道节目《淘金热》出镜。他说，在一些国家，小规模采 金是一种生活方式。相比之下，美国环保法规更严格，这类采金更难。然而，金价飞涨正在改变这一局 面，尤其是在当前许多美国人手头拮据的背景下。 新一轮淘金热难免伴随 ...

Group 1 - The People's Bank of China is expected to release financial statistics for September, including M2 growth, new RMB loans, and social financing scale, with M2 expected to grow by 8.5% year-on-year, down from 8.8% [1] - New RMB loans for September are anticipated to be 1.375 trillion yuan, significantly higher than the previous month's 590 billion yuan [1] - The expected increase in social financing scale for September is 3.45 trillion yuan, compared to 2.5668 trillion yuan in the previous month [1] Group 2 - The World Bureau of Metal Statistics (WBMS) is set to publish a global metal supply and demand report, which will be closely monitored for its impact on metal futures prices [2] Group 3 - The Federal Reserve will release its Beige Book on economic conditions, with attention on how the results may influence related futures prices [3] Group 4 - The U.S. Department of Commerce is expected to announce September retail sales data, with a month-on-month increase forecasted at 0.4%, down from 0.6% [4] - Core retail sales for September are projected to rise by 0.3%, a decrease from the previous 0.7% [4] - A slight decline in retail sales data could moderately suppress the prices of commodities, excluding gold and silver [4] Group 5 - The U.S. Energy Information Administration (EIA) will report on crude oil inventory changes for the week ending October 10, with the previous increase recorded at 3.715 million barrels [5] - An increase in crude oil inventory could hinder the rise in oil and related commodity futures prices [5] Group 6 - The U.S. Department of Commerce will release data on new housing starts and building permits for September, with new housing starts expected to total 1.31 million units, slightly up from 1.307 million units [6] - Building permits are anticipated to be 1.343 million units, an increase from the previous 1.33 million units [6] - A slight increase in new housing starts and building permits could support basic metal futures prices but may suppress gold and silver futures prices [6]

10月14日，交通运输部办公厅印发《对美船舶收取船舶特别港务费实施办法》（下称《办法》），决定 将于2025年10月14日起对涉美船舶收取船舶特别港务费。 商务部新闻发言人说，为进一步维护中国相关产业利益，中方有关部门根据《中华人民共和国国家安全 法》《中华人民共和国反外国制裁法》《中华人民共和国国际海运条例》等有关规定，将部分协助、支 持美方相关调查活动的企业列入反制清单，对美国及部分国家和企业危害我国航运、造船等相关产业安 全发展利益的行为发起调查。在调查实施过程中，中方将秉承公开、公平、公正原则开展执法和调查， 充分保障各利害关系方权利。 商务部新闻发言人强调，中方在相关问题上的立场是明确的、一贯的，打，奉陪到底；谈，大门敞开。 中方敦促美方纠正错误做法，与中方相向而行，通过平等对话协商方式解决双方关切的问题。 为保障我国航运业、造船业及相关产业链供应链安全和发展利益，交通运输部当日还发布了关于航运 业、造船业及相关产业链供应链安全和发展利益受影响情况调查的公告。该公告称，交通运输部将会同 工业和信息化部等部门对我国航运业、造船业和相关产业链供应链安全和发展利益受美301调查影响或 可能影响情况，相关企 ...

10月14日，国家粮食和物资储备局局长刘焕鑫在国新办"高质量完成'十四五'规划"系列主题新闻发布会 上表示，将着力推进市场化收购，精心组织政策性收储，持续优化为农服务，维护良好收购秩序。 刘焕鑫介绍，5年来，全国粮食年产量稳定在1.3万亿斤以上，2024年首次迈上1.4万亿斤新台阶，人均粮 食占有量比"十三五"期末增加25公斤，达到500公斤，高于国际公认的人均400公斤粮食安全线。 刘焕鑫表示，组织好大规模的粮食收购，市场和政府协同发力是关键。近年来，国家有关部门坚持市场 化取向和保护农民利益并重，深入推进粮食收储制度改革，不断完善价格形成机制，着力激发市场购销 活力，充分发挥市场在资源配置中的决定性作用。同时，对重点粮食品种在主产区开展政策性收储，更 好发挥政府作用，保护农民种粮利益。 秋粮占全年粮食产量的近3/4，涉及品种多、数量大、范围广。据了解，截至10月10日，全国秋粮收获 已过五成。分作物看，中稻收获近六成，玉米过五成，大豆五成半，双季晚稻零星收获。分区域看，西 南过七成、西北过五成、东北近四成、长江中下游过三成、华南近三成、黄淮海近八成。 刘焕鑫表示，今年的秋粮收购工作正在陆续展开，将重点抓好 ...

Core Points - The Ministry of Transport of China issued a new regulation to impose special port service fees on U.S. vessels starting from October 14, 2025, in response to U.S. trade measures against China's maritime and shipbuilding industries [1][2] - The regulation outlines specific provisions for exemptions, reporting requirements, and dynamic adjustments to the fee structure based on circumstances [1] - The U.S. measures are viewed as unilateral and protectionist, violating WTO rules and harming China's shipping and shipbuilding industries [2][3] Group 1: Regulatory Framework - The new regulation consists of ten articles detailing the basis for the fee, scope, standards, collection entities, payment requirements, and penalties for violations [1] - Exemptions are provided for Chinese-built vessels, empty vessels entering Chinese shipyards for repairs, and other vessels recognized for exemption [1] - The regulation requires vessel operators to report information to maritime authorities before arriving at Chinese ports [1] Group 2: U.S. Measures and China's Response - The U.S. Trade Representative's office announced additional port service fees for vessels owned or operated by Chinese companies starting from October 14, 2025, as part of a 301 investigation [1][2] - The Chinese government expressed strong dissatisfaction with the U.S. measures, labeling them as discriminatory and harmful to China's maritime interests [2][3] - China has initiated investigations into companies that assist or support U.S. investigations affecting its shipping and shipbuilding industries [3] Group 3: Economic Implications - The U.S. measures are expected to disrupt global supply chains, increase international trade costs, and potentially raise inflation in the U.S. [2][5] - The impact of the measures will vary based on trade flows and vessel types, with the container shipping market being more affected by U.S. actions, while dry bulk and oil shipping may be more impacted by China's countermeasures [4][5] - Analysts suggest that while short-term costs for shipping companies will rise, long-term effects may lead to a shift in orders to other countries like Japan and South Korea, rather than a significant return of shipbuilding to the U.S. [5]