Jian Xin Qi Huo

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建信期货鸡蛋日报-20250929
Jian Xin Qi Huo· 2025-09-29 04:02
行业 鸡蛋 日期 2025 年 9 月 29 日 021-60635732 yulanlan@ccb.ccbfutures.com 期货从业资格号:F0301101 021-60635740 linzhenlei@ccb.ccbfutures.co m期货从业资格号:F3055047 021-60635727 wanghaifeng@ccb.ccbfutures.c om期货从业资格号:F0230741 021-60635572 hongchenliang@ccb.ccbfutures .com 021-60635570 liuyouran@ccb.ccbfutures.com 期货从业资格号:F03094925 农产品研究团队 研究员:余兰兰 研究员:林贞磊 研究员:王海峰 研究员:洪辰亮 期货从业资格号:F3076808 研究员:刘悠然 请阅读正文后的声明 #summary# 每日报告 一、行情回顾与操作建议 | 表1:行情回顾 | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- ...
建信期货PTA日报-20250929
Jian Xin Qi Huo· 2025-09-29 03:56
行业 PTA 日报 日期 2025 年 09 月 29 日 油) 021-60635738 lijie@ccb.ccbfutures.com 期货从业资格号:F3031215 021-60635737 renjunchi@ccb.ccbfutures.com 期货从业资格号:F3037892 硅)028-8663 0631 021-60635740 pengjinglin@ccb.ccbfutures.com 期货从业资格号:F3075681 021-60635570 liuyouran@ccb.ccbfutures.com 能源化工研究团队 研究员:李捷,CFA(原油燃料 研究员:任俊弛(PTA、MEG) 研究员:彭浩洲(尿素、工业 研究员:彭婧霖(聚烯烃) 研究员:刘悠然(纸浆) 研究员:冯泽仁(玻璃纯碱) 请阅读正文后的声明 每日报告 期货从业资格号:F03094925 021-60635727 fengzeren@ccb.ccbfutures.com 期货从业资格号:F03134307 一、 行情回顾与操作建议 | 表1:期货行情 | | | | | | --- | --- | --- | --- | ...
建信期货棉花日报-20250929
Jian Xin Qi Huo· 2025-09-29 03:56
行业 棉花 日期 2025 年 9 月 29 日 农产品研究团队 、 研究员:余兰兰 021-60635732 yulanlan@ccb.ccbfutures.com 期货从业资格号:F0301101 请阅读正文后的声明 #summary# 每日报告 研究员:林贞磊 021-60635740 linzhenlei@ccb.ccbfutures.com 期货从业资格号:F3055047 研究员:王海峰 021-60635727 wanghaifeng@ccb.ccbfutures.com 期货从业资格号:F0230741 研究员:洪辰亮 021-60635572 hongchenliang@ccb.ccbfutures.com 期货从业资格号:F3076808 研究员:刘悠然 021-60635570 liuyouran@ccb.ccbfutures.com 期货从业资格号:F03094925 一、行情回顾与操作建议 | 表1:行情回顾 | | --- | 数据来源:Wind,建信期货研究发展部 郑棉震荡偏弱。现货方面,最新棉花价格指数 328 级在 15043 元/吨,较上一 交易日跌 40 元/吨。当前 2 ...
建信期货镍日报-20250926
Jian Xin Qi Huo· 2025-09-26 02:24
Report Information - Report Title: Nickel Daily Report [1] - Date: September 26, 2025 [2] - Research Team: Non-ferrous Metals Research Team [3] - Researchers: Yu Feifei, Zhang Ping, Peng Jinglin [3] 1. Investment Rating - No investment rating information is provided in the report. 2. Core View - The net surplus pressure of pure nickel still exists, but at the current position, it is also difficult to decline significantly due to the support of nickel ore and cost. Recently, the prices of NPI and nickel sulfate are relatively strong. Continue to pay attention to the supply-side news from Indonesia. The reference for the bottom support of Shanghai nickel has been slightly raised to the 120,000 level [7]. 3. Summary by Directory 3.1 Market Review and Operation Suggestions - **Market Data**: The main contract of Shanghai nickel (2511) rose 1.08% to 122,990 compared to the previous day. The average premium of Jinchuan nickel decreased by 20 to 2,300. The average price of domestic electrowon nickel was reported at -100 - 200. The average price of 8 - 12% high-nickel pig iron decreased by 0.5 to 955 yuan/nickel point, and the average price of battery-grade nickel sulfate increased by 50 to 28,200 yuan/ton [7]. - **Supply and Demand Analysis**: Indonesia will start the 2026 approval work in October. The adjustment of the RKAB approval cycle may still disrupt the supply of the ore end at the beginning of next year. Some smelters may stock up on nickel ore in advance in the fourth quarter. It is expected that the price of nickel ore will not decline significantly this year and may rise slightly. NPI remains strong due to cost support and the expectation of demand recovery, but the improvement space for the stainless steel terminal is limited, and the subsequent upward space may be restricted. The demand for stockpiling before the double festivals supports the price of nickel salts to remain strong [7]. 3.2 Industry News - **Congo's Cobalt Export Ban**: The Democratic Republic of the Congo is considering extending the cobalt export ban for at least two months. The decision is to allow the cobalt price to recover further and to have more time to implement the quota framework. The decision needs to be approved by the presidential palace. If the ban is extended, it is expected to drive up the MHP cobalt coefficient and keep the smelting enterprises' inventory below the safety level [8][10] - **Indonesia's Mining Crackdown**: Indonesia's forest law enforcement task force will conduct a centralized crackdown on illegal mines. The country is a major producer of coal, nickel, tin, and copper, as well as the largest exporter of palm oil [10] - **FPX Nickel's Sustainability Initiatives**: FPX Nickel has joined the Mining Association of Canada (MAC) and the United Nations Global Compact, demonstrating its commitment to responsible mineral exploration and project development [10]
建信期货铝日报-20250926
Jian Xin Qi Huo· 2025-09-26 02:23
行业 铝日报 研究员:张平 021-60635734 zhangpin@ccb.ccbfutures.com 期货从业资格号:F3015713 研究员:彭婧霖 021-60635740 pengjinglin@ccb.ccbfutures.com 期货从业资格号:F3075681 请阅读正文后的声明 #summary# 每日报告 一、行情回顾与操作建议 日期 2025 年 9 月 26 日 有色金属研究团队 研究员:余菲菲 021-60635729 yufeifei@ccb.ccbfutures.com 期货从业资格号:F3025190 图1:机构净持仓 图2:机构多空比 数据来源:Wind,建信期货研究发展部 数据来源:Wind,建信期货研究发展部 铝观点: 日内受铜价大涨影响,铝产业链普遍走强,沪铝小幅高开上行,主力 2511 收跌 0.39%报 20765,10-11 平水转为小幅贴水-5,远月维持小幅 contango 结构, 进口窗口关闭,现货进口亏损在-1500 元/吨上下波动。北方国产铝土矿仍未恢复 生产,年内复产概率低,北方矿价有上涨动力,但下游氧化铝现货价格走跌,压 价意愿增强,矿价上涨亦有 ...
建信期货锌期货日报-20250926
Jian Xin Qi Huo· 2025-09-26 02:20
Report Overview - Report Title: Zinc Futures Daily Report [1] - Date: September 26, 2025 [2] Industry Investment Rating - No investment rating information is provided in the report. Core View - The zinc price in the short - term will maintain a range - bound movement, with a reference range of 21,800 - 22,500 yuan/ton. Traders should pay attention to position control before the holiday due to the adjustment of the price limit and margin ratio of copper, aluminum, zinc, and lead futures contracts starting from the close of trading on September 29, 2025 [7]. Summary by Directory 1. Market Review - **Futures Market Quotes**: The main contract of Shanghai zinc (ZN2511) closed at 22,045 yuan/ton, up 130 yuan or 0.59%, with reduced positions. The trading volume increased while the open interest decreased by 10,581 lots to 131,286 lots. The Shanghai - London ratio was 7.49, and the exchange - excluded ratio was 1.02. The 0 - 3 spread was 59.64 (+16.48) [7]. - **Consumption and Inventory**: In the peak consumption season, overall consumption was not ideal. The operating rate in the primary consumption sector increased month - on - month but was weaker than the same period last year. Due to typhoon weather in South China, logistics were restricted. Inventory in Shanghai and Tianjin decreased due to downstream pick - up. The seven - region social inventory decreased by 0.66 million tons to 15.04 million tons this week [7]. - **Spot Market**: The spot premium of Shanghai zinc remained stable. Most downstream enterprises completed price - fixing and stockpiling before the holiday, resulting in light trading. Shanghai quoted a discount of 30 yuan/ton to the October contract, Tianjin quoted at par with Shanghai, and Guangdong quoted a discount of 70 yuan/ton to the November contract [7]. 2. Industry News - **0 Zinc Prices and Quotes**: On September 25, 2025, the mainstream transaction price of 0 zinc was 21,880 - 21,965 yuan/ton, with different quotes for different brands and regions. For example, in the Shanghai market, ordinary domestic brands quoted a discount of 30 yuan/ton to the 2510 contract, and high - end brands like Shuangyan quoted a premium of 130 yuan/ton to the 2510 contract [8]. - **Regional Market Quotes**: In the Ningbo market, the mainstream brand 0 zinc was traded at 21,880 - 21,995 yuan/ton, quoting a discount of 25 yuan/ton to the 2510 contract and a premium of 30 yuan/ton to the Shanghai spot. In the Tianjin market, 0 zinc was traded at 21,880 - 22,010 yuan/ton, and in the Guangdong market, 0 zinc was traded at 21,810 - 21,965 yuan/ton, with different quotes for different brands and contracts [8][9]. 3. Data Overview - The report provides charts on the price trends of zinc in two markets, SHFE monthly spreads, SMM seven - region zinc ingot weekly inventory, and LME zinc inventory, but no specific data analysis is presented in the given text [11][15].
建信期货铁矿石日评-20250926
Jian Xin Qi Huo· 2025-09-26 02:16
021-60635736 期货从业资格号:F3033782 投资咨询证书号:Z0014484 021-60635735 niejiayi@ccb.ccbfutures.com 期货从业资格号:F03124070 021-60635727 期货从业资格号:F03134307 报告类型 铁矿石日评 日期 2025 年 9 月 26 日 黑色金属研究团队 研究员:翟贺攀 zhaihepan@ccb.ccbfutures.com 研究员:聂嘉怡 研究员:冯泽仁 fengzeren@ccb.ccbfutures.com 请阅读正文后的声明 #summary# 每日报告 数据来源:上期所、大商所网站,建信期货研究发展部 1.1 现货市场动态与技术面走势: 现货市场:9 月 25 日,主要铁矿石外盘报价环比前一交易日以持平为主,青 岛港主要品位铁矿石价格较前一交易日持平。 技术面:铁矿石 2601 合约日线 KDJ 指标走势分化,J 值调头回升,K 值、D 值继续下行;铁矿石 2601 日线 MACD 指标绿柱自昨日死叉后有所放大。 1.2 后市展望: | | | | | | 表1:9月25日钢材、铁矿期货主力合约价格、成 ...
建信期货钢材日评-20250926
Jian Xin Qi Huo· 2025-09-26 02:15
021-60635736 zhaihepan@ccb.ccbfutures.com 期货从业资格号:F3033782 投资咨询证书号:Z0014484 021-60635735 niejiayi@ccb.ccbfutures.com 期货从业资格号:F03124070 021-60635727 fengzeren@ccb.ccbfutures.com 期货从业资格号:F03134307 报告类型 钢材日评 日期 2025 年 9 月 26 日 黑色金属研究团队 研究员:翟贺攀 研究员:聂嘉怡 研究员:冯泽仁 请阅读正文后的声明 #summary# 每日报告 | | | | | 表1:9月25日钢材期货主力合约价格、成交及持仓情况(单位:元/吨、%、手、亿元) | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 合约 代码 | 前收 盘价 | 开盘价 | 最高价 | 最低价 | 收盘价 | 涨跌幅 | 成交量 | 持仓量 | 持仓量 变化 | 资金流 入流出 | | RB2601 | 3164 | ...
建信期货沥青日报-20250926
Jian Xin Qi Huo· 2025-09-26 01:30
行业 沥青日报 日期 2025 年 9 月 26 日 021-60635738 lijie@ccb.ccbfutures.com 期货从业资格号:F3031215 021-60635737 renjunchi@ccb.ccbfutures.com 期货从业资格号:F3037892 028-8663 0631 penghaozhou@ccb.ccbfutures.com 期货从业资格号:F3065843 021-60635740 pengjinglin@ccb.ccbfutures.com 期货从业资格号:F3075681 021-60635570 liuyouran@ccb.ccbfutures.com 期货从业资格号:F03094925 期货从业资格号:F3015157 021-60635727 fengzeren@ccb.ccbfutures.com 期货从业资格号:F03134307 能源化工研究团队 研究员:李捷,CFA(原油沥青) 研究员:任俊弛(PTA、MEG) 研究员:彭浩洲(碳市场工业硅) 研究员:彭婧霖(聚烯烃) 研究员:刘悠然(纸浆) 研究员:冯泽仁(玻璃纯碱) 请阅读正文后的声明 每日报 ...
建信期货棉花日报-20250926
Jian Xin Qi Huo· 2025-09-26 01:30
Group 1: General Information - Reported industry: Cotton [1] - Report date: September 26, 2025 [2] - Researchers: Yu Lanlan, Lin Zhenlei, Wang Haifeng, Hong Chenliang, Liu Youran [3] Group 2: Market Review and Operation Suggestions - Zhengzhou cotton showed a weak and volatile trend. The latest 328 - grade cotton price index was 15,083 yuan/ton, up 21 yuan/ton from the previous trading day. The sales basis of 2024/25 northern Xinjiang machine - picked cotton was mostly above CF01 + 1500, and the pre - sale basis of 2025/26 northern Xinjiang double 29 cotton was mostly above CF01 + 900 [7] - The pure cotton yarn market was average, with the peak season underperforming expectations and weaker than previous years. Downstream demand was mainly for rigid procurement, and spinning mills sold at market prices. Cotton yarn prices were generally stable with a slow downward trend. The all - cotton grey fabric market maintained shipments, and grey fabric prices were stable. Overseas, U.S. cotton had a slightly lower good - to - excellent rate, an increased drought coverage in cotton - growing areas, and improved weekly export data, but overall it was in a weak and volatile range. Domestically, the purchase price of cottonseed was generally stable, but new cotton acquisition was slow due to local hail and rainfall in northern Xinjiang. Demand - side inventory was still decreasing steadily, but overall demand was weaker than the same period last year. In the short term, with limited new cotton supply, it would be weak under the pressure of a potential bumper harvest after the festival [8] Group 3: Industry News - According to the latest survey by the China Cotton Association, the estimated total cotton output in China in 2025 will reach 7.216 million tons, a year - on - year increase of 8.3%, the highest since 2013. Xinjiang's cotton output is expected to be about 6.911 million tons, a year - on - year increase of 9.2%, accounting for 95.8% of the national total [9] Group 4: Data Overview - The report includes various data charts such as China Cotton Price Index, cotton spot price, cotton futures price, cotton basis change, CF1 - 5 spread, CF5 - 9 spread, CF9 - 1 spread, cotton commercial inventory, cotton industrial inventory, warehouse receipt volume, USD - CNY exchange rate, and USD - Indian rupee exchange rate [17][18][20]