印度炼油协会(SEA)发布的月度数据显示，12月份印度棕榈油进口量降至8个月低点，因为冬季需求季节性疲软，而且精炼厂增加采购豆油和葵花 籽油等竞争性植物油。 1月15日，棕榈油期货弱势震荡，截至发稿主力合约报8564.00元/吨，大幅下挫2.19%。 【消息面汇总】 印尼棕榈油基金负责人表示：印尼将于3月1日将棕榈油出口专项税上调至12.5%。精炼棕榈油产品的专项税将较当前水平上调2.5个百分点。 印尼副能源部长YuliotTanjung周三表示，印尼已取消今年将强制性生物柴油混合比例提高至50%的计划，维持目前40%棕榈油基燃料和60%柴油的 混合比例。 机构观点 国投安信期货：棕榈油方面我们预计2026年印尼生柴需求偏稳小增的预期，整体原油价格重心不高的背景下，预计生柴需求不及前几年爆发式增 长，但是由于印尼在没收非法种植园，预计会对棕榈油的话语权掌控力度增强，因此我们要谨慎印尼政策影响价格波动的力度增大。由于南美大 豆目前仍然丰产预期，马来西亚棕榈油高库存，总体维持区间震荡思路对待。 瑞达期货（002961）：印尼取消B50计划前期市场有一定的预期，不过还是拖累市场有所走弱，不过提高出口费有利于马来的出 ...

1月15日盘中，不锈钢期货主力合约遭遇一波急速上涨，最高上探至14620.00元。截止发稿，不锈钢主 力合约报14400.00元，涨幅3.41%。 不锈钢期货主力涨超3%，对于后市行情如何，相关机构该如何评价？ 安粮期货：不锈钢盘面围绕均线系统震荡上行 盘面围绕均线系统震荡上行，趋势性良好;基本面而言：近期印尼镍矿配额调整成为沪镍上涨核心驱 动，成本推动不锈钢跟随大幅上涨。然终端需求乏力及较高的库存压力或将压制上行空间，尽管行业利 润压力已经传导至供应端，但仍需警惕，政策预期完全兑现盘面后，价格回落风险，中长期价格能否持 续打开上行空间，最终或将取决于需求侧能否出现实质性改善。参考观点：短期印尼镍矿政策扰动，短 期运行反复。 瑞达期货（002961）：预计不锈钢期价偏强调整 原料端，菲律宾逐步进入雨季，且镍矿品味下降，国内镍铁厂原料库存趋紧；印尼明年RKAB计划大幅 削减配额，原料供应收缩情况下，镍铁生产将面临减产压力。供应端，不锈钢厂生产利润有所改善，虽 告别传统需求旺季，但预计产量降幅实际有限，供应压力仍存。需求端，下游需求逐步转向淡季，且不 锈钢出口量呈现下降态势，前期挤出口影响开始显现。市场采购意愿不 ...

Core Viewpoint - The company, DR PLANT, is set to go public on the Shenzhen Stock Exchange, with its IPO materials officially accepted, indicating a strategic move to leverage its extensive offline store network for growth and brand recognition [1] Group 1: Offline Store Strategy - The company operates 4,269 offline stores, which serve as a core strategic layout, emphasizing accessibility and physical connection with consumers, contrasting with many new brands that rely heavily on online channels [3] - The offline stores provide free skin assessments, care experiences, and member salon services, transforming retail spaces into skincare solution providers, showcasing resilience in the face of rising e-commerce costs [3] - The company ranks first in China for single-brand cosmetics stores based on projected 2024 retail sales, validating the effectiveness of its offline-focused strategy [3] Group 2: Research and Development Integration - The company has established a research center in collaboration with the Kunming Institute of Botany, forming a robust R&D framework with 223 patents, which supports its brand positioning of "high mountain plants, pure skin beauty" [4] - The integration of R&D outcomes into the offline experience allows consumers to perceive the differentiated value of products through professional explanations and hands-on experiences, creating a positive feedback loop that enhances brand recognition [4] Group 3: Membership and Customer Engagement - The company boasts over 30 million members, a figure supported by its extensive offline store network, which facilitates a service-oriented membership system [5] - The in-store interactions, such as personalized skin consultations and exclusive member activities, foster trust and loyalty, translating into higher customer retention and stable revenue [6] - The company has effectively converted its store traffic into lasting customer relationships, demonstrating a successful model of customer engagement [6] Group 4: International Expansion - The company has expanded its store network internationally, including markets like Japan, Indonesia, Thailand, and Hong Kong, with the recent opening of a flagship store in Bangkok marking a new phase in its overseas strategy [7] - The international expansion follows a similar logic to its domestic strategy, prioritizing offline stores to build brand recognition and showcase Chinese high mountain plant skincare culture [7] - The company has received recognition as a global leader in single-brand skincare stores for three consecutive years, reinforcing its model and supporting future global expansion [7] Group 5: Future Challenges and Strategic Planning - The extensive store network presents operational challenges, such as maintaining healthy revenue growth per store and balancing new and existing store operations [8] - The company appears to have a clear plan for future growth, focusing on continuous R&D investment, deepening membership operations, and coordinated domestic and international market expansion [8] Group 6: Reaffirmation of Offline Value - The company's IPO process reaffirms the value of offline stores in a capital environment that often favors light assets and quick turnover, demonstrating a sustainable development path through its 4,269 stores [9] - The company emphasizes that true brand strength lies in accessibility to consumers, contrasting with the trend of many brands moving online, and highlights the importance of a grounded approach to business [9] - The capital market's recognition of this strategy may validate the enduring value of traditional retail in today's commercial landscape, marking the beginning of the company's IPO journey [9]

一句话总结：STP是把你的订单直接送到真实市场，由银行等流动性提供者成交的透明交易模式。 STP是Straight Through Processing的缩写，中文叫直通式处理。它是一种将客户的订单直接发送到银行 或流动性提供商，由真实市场进行撮合，不经过做市商内部处理的交易模式。 ...

Core Viewpoint - ECN, or Electronic Communication Network, is a trading model that consolidates buy and sell orders from various market participants, allowing them to trade directly with each other without the need for market makers as counterparties [1] Group 1 - ECN facilitates direct trading among all participants, including banks, institutions, and individual traders [1] - The system automatically matches orders through a centralized platform [1]

Group 1 - The current trading price of London silver is reported at 88.42 USD/oz, down 5.11% from the opening price of 93.57 USD/oz, with a high of 93.57 USD/oz and a low of 86.37 USD/oz during the session [1] - The short-term outlook for London silver appears bearish, with key support levels identified at 88 USD and 86 USD, where a break below 86 USD would indicate a stronger bearish trend [2] - If silver prices can break through resistance levels of 91.50 USD to 92.00 USD, there is potential for prices to rise to 95.00 USD [2] Group 2 - A recent vote in the U.S. Senate resulted in a narrow 51 to 50 decision to block a resolution aimed at preventing President Donald Trump from taking military action against Venezuela without congressional approval, highlighting increasing divisions over presidential power and foreign policy [2] - The vote reflects growing unease within Congress regarding Trump's foreign policy and constitutional war powers, as lawmakers increasingly assert their authority over military engagement decisions [2]

今日周四(1月15日)亚盘时段，黄金期货目前交投于1030附近，截至发稿，黄金期货暂1033.90元/克，跌 幅0.11%，最高触及1042.94元/克，最低下探1029.40元/克。目前来看，黄金期货短线偏向震荡走势。 打开APP，查看更多高清行情>> 【要闻速递】 格陵兰当地焦虑加剧，手工艺人Jensen称"努力不恐慌";格陵兰总理尼尔森表示，当前应与丹麦团 结，"不是拿自决权赌博"，强调"未来或追求独立，但此刻与王国站在一起"。莫兹费尔特也声明"格陵 兰是丹麦王国的一部分"。 民调显示，仅17%美国人支持特朗普获取格陵兰的努力，超八成民众(含两党多数)反对武力吞并，47% 不赞成，35%不确定。 【最新黄金期货行情解析】 沪金期货(AU2606)近期延续强势上涨趋势，2026年1月12日主力合约价格突破1024.78元/克，创历史新 高，受地缘政治紧张及美联储降息预期双重驱动。技术面显示，价格站稳1000元/克关键支撑，短期阻 力位聚焦1030–1040元/克区间，日线均线呈多头排列，量能持续放大，确认趋势动能强劲。RSI与 MACD虽未公布具体数值，但价格持续新高且未现背离，表明多头主导格局未改。当前 ...

Group 1 - Geopolitical tensions are rising, particularly regarding China's situation and the U.S. interest in Greenland, leading to increased risk aversion in the market [1] - February gold futures rose by $25.90 to $4625 per ounce, while the latest price for New York gold was reported at $4603.90 per ounce, down $30.00 from the previous close of $4633.90, marking a decline of 0.65% [1] - The opening price for gold today was $4635.70 per ounce, with a high of $4637.20 and a low of $4587.50 during the trading session [1] Group 2 - The U.S. Bureau of Labor Statistics is set to release delayed data due to the government shutdown, including the Producer Price Index (PPI) for November, which is expected to rise by 0.2% month-on-month, a slowdown from 0.3% in September [3] - The core PPI is also anticipated to increase by 0.2% month-on-month, compared to 0.1% in September, with the overall PPI inflation rate expected to remain stable at 2.7% year-on-year [3] - Danish Foreign Minister Rasmussen and Greenlandic officials are meeting with U.S. Vice President Pence and Secretary of State Pompeo to discuss Greenland's status, emphasizing that Greenland does not wish to be taken over by the U.S. [3]

Group 1 - The domestic futures market for agricultural products showed mixed results on January 15, with the main contract for eggs rising nearly 2% [1] - As of the latest data, the main contract for live pigs increased by 1.55%, reaching 12,085.00 yuan/ton, while apples and red dates saw declines of 1.17% and 0.50%, respectively [1] - The main contract for eggs rose by 1.93%, priced at 3,057.00 yuan per 500 kilograms [1] Group 2 - The opening and closing prices for various agricultural futures on January 15 were reported, with eggs opening at 3,015.00 yuan and closing at 2,999.00 yuan [2] - The data indicated a phenomenon of "backwardation" for red dates, eggs, and live pigs, where spot prices exceeded futures prices [2] - The basis data showed that the basis for apples was -1,384 yuan, indicating a basis rate of -16.19%, while red dates had a basis of 340 yuan with a basis rate of 3.59% [3]

摘要今日周四(1月15日)亚盘时段，黄金t+d目前交投于1027元附近，截至发稿，黄金t+d暂报1031.76元/ 克，跌幅0.17%，最高触及1039.70元/克，最低下探1027.23元/克。目前来看，黄金t+d短线偏向震荡走 势。 今日周四(1月15日)亚盘时段，黄金t+d目前交投于1027元附近，截至发稿，黄金t+d暂报1031.76元/克， 跌幅0.17%，最高触及1039.70元/克，最低下探1027.23元/克。目前来看，黄金t+d短线偏向震荡走势。 【要闻速递】 此前，受地缘政治局势、供应链扰动及关税政策不确定性影响，投资者纷纷转向硬资产避险，推动周三 金属价格全线大涨——黄金、白银、铜及锡均刷新历史高位。中国与美国的强劲购买力，叠加大宗商品 投资的广泛参与，成为本轮行情的重要推手。 机构分析指出，在全球央行持续增持黄金、美联储进入降息周期推动美元及美债实际利率下行、美元信 用受美国财政债务问题侵蚀、黄金估值仍有抬升空间四大因素支撑下，中长期金价仍具备上涨潜力。 【最新黄金t+d行情解析】 黄金t+d(Au(t+d))于2026年1月15日收盘报1032.60元/克，日内微跌0.09%，但延续 ...