SP主力合约收盘价： 5392.00 | 日期 | 2025/12/08 | 2025/12/05 | 2025/12/04 | 2025/12/03 | 2025/12/02 | | --- | --- | --- | --- | --- | --- | | 主力合约收盘价 | 5392.00 | 5450.00 | 5496.00 | 5458.00 | 5328.00 | | 折美元价 | 673.36 | 673.36 | 679.27 | 674.79 | 658.04 | | 距上一日涨跌 | -1.06422% | -0.83697% | 0.69623% | 2.43994% | 2.65896% | | 山东银星基差 | 108 | 50 | 29 | 67 | 97 | | 江浙沪银星基差 | 158 | 115 | 79 | 67 | 97 | 以13%增值税计算 | 产地 | 品牌 | 价格说明 | 港口美元价格 | 山东地区人民币价格 | 进口利润 | | --- | --- | --- | --- | --- | --- | | 加拿大 | 金狮 | CFR | 780 | 630 ...

1000.00 1500.00 2000.00 2500.00 3000.00 3500.00 1月 2月 3月 4月 5月 6月 7月 8月 9月 10月 11月 12月 1月 长治出厂价 2021 2022 2023 2024 2025 4000.00 4500.00 青岛港准一平仓 1000.00 1500.00 2000.00 2500.00 3000.00 3500.00 1月 2月 3月 4月 5月 6月 7月 8月 9月 10月 11月 12月 1月 2021 2022 2023 2024 2025 全样本焦化焦炭库存 900.00 1400.00 1900.00 2400.00 2900.00 3400.00 3900.00 4400.00 1月 2月 3月 4月 5月 6月 7月 8月 9月 10月 11月 12月 1月 吕梁出厂价 1月 2月 3月 4月 5月 6月 7月 8月 9月 10月 11月 12月 1月 1000.00 1500.00 2000.00 2500.00 3000.00 3500.00 4000.00 4500.00 1月 2月 3月 4月 5月 6月 7月 8月 9 ...

近日，"第十九届深圳国际金融博览会暨2025中国金融机构年会"在深圳举行。在"中国期货业年会"分论 坛上，永安期货（600927）北京研究院负责人朱世伟在主题演讲中表示，当前全球宏观经济呈现疲软基 本面与宽松政策面相互博弈的格局，商品市场分化特征显著，贵金属、部分有色金属等品种已步入牛市 初期，但整体市场的回暖需等待政策效果传导与产业供需改善的共振。 历史经验显示，美国降息后周期及国内M2同比领先效应(通常领先商品1~4个季度)显现时，商品或全面 回暖。朱世伟预计，未来两三个季度有望看到宏观层面改善，并建议投资者关注政策指引与产业"反内 卷"措施，重点把握贵金属、有色等优势品种出现的机会。 其中，贵金属长期牛市逻辑明确，美债规模扩张为黄金提供长期支撑，不过以2022年黄金与美元第二次 脱钩时为基准，则显示当下价格已处于高位。有色金属方面，铝因产能天花板限制，库存自2017年起持 续出现年度级下降，供需格局优于铜。铜获新能源、电气化需求支撑但短期震荡，锡受益于人工智能短 期强势，镍、锌需防范市场波动风险。在能源与黑色品种方面，原油的需求缓慢增长，但供应端增产的 压力压制其上行空间；黑色产业链的利润与价格处于低位 ...

Core Viewpoint - International crude oil futures prices experienced a sudden drop, with WTI crude oil falling below $60, indicating a bearish trend in the market [1]. Price Movements - As of 20:00, WTI crude oil, ICE Brent crude, and ICE light low-sulfur crude all declined by approximately 1% [1]. - WTI crude oil was reported at $59.46, down by $0.62 or 1.03% [2]. - ICE light low-sulfur crude opened at $59.88, closing at $59.11, reflecting a decrease of $0.67 or 1.12% [3]. Market Analysis - Analysts noted that the recent fluctuations in the European situation, combined with increased oil inventories in the U.S. and the impact of the Thanksgiving holiday, have led to a subdued trading environment, resulting in a narrow trading range for oil prices [3]. - A report from Yong'an Futures indicated that the lack of clear progress in the Russia-Ukraine agreement could lead to a significant rebound in Russian oil exports, potentially exerting downward pressure on oil prices [4]. - The OPEC+ decision to continue increasing production by 137,000 barrels per day in December, with a pause in increases planned for the first quarter of next year, suggests ongoing supply surplus pressures, indicating a risk of downward price adjustments in the fourth quarter and the first quarter of the following year [4].

Core Viewpoint - Yong'an Futures has shown a significant increase in stock price, rising by 4.97% with a trading volume of 345 million yuan and a market capitalization of 22.75 billion yuan [1] Group 1: Company Overview - Yong'an Futures primarily engages in commodity futures brokerage, financial futures brokerage, asset management, and futures investment consulting, with risk management services provided through its wholly-owned subsidiary, Yong'an Capital [2] - The company is state-owned, with its ultimate control held by the Zhejiang Provincial Finance Department [2] - As of September 30, Yong'an Futures reported a net profit of 475 million yuan for the first nine months of 2025, representing a year-on-year growth of 13.31% [6] Group 2: Financial Performance - The company's main revenue sources include risk management services (90.17%), futures brokerage (6.90%), overseas business (2.24%), and other segments [6] - Yong'an Futures has distributed a total of 1.035 billion yuan in dividends since its A-share listing, with 627 million yuan distributed over the past three years [7] Group 3: Market Activity - The stock has seen a net inflow of 19.01 million yuan today, with a total of 35.36 million yuan in main trading volume, indicating a lack of strong control by major investors [4] - The average trading cost of the stock is 15.25 yuan, with the current price approaching a resistance level of 15.66 yuan, suggesting potential for upward movement if this level is surpassed [5]

Market Overview - On December 8, the Zhejiang state-owned enterprise reform sector rose by 0.93% compared to the previous trading day, with Zhejiang Xiantong leading the gains [1] - The Shanghai Composite Index closed at 3924.08, up 0.54%, while the Shenzhen Component Index closed at 13329.99, up 1.39% [1] Top Gainers in Zhejiang State-Owned Enterprises - Jiangxi Xianyun (603239) closed at 21.46, up 6.40%, with a trading volume of 163,000 shares and a transaction value of 340 million [1] - Yong'an Futures (600927) closed at 15.63, up 4.97%, with a trading volume of 221,500 shares and a transaction value of 345 million [1] - Yilida (002686) closed at 7.50, up 4.46%, with a trading volume of 718,200 shares and a transaction value of 532 million [1] - Hangzhou Hydrogen (002430) closed at 29.27, up 4.20%, with a trading volume of 122,300 shares and a transaction value of 641 million [1] - Juhua Co., Ltd. (600160) closed at 35.34, up 3.97%, with a trading volume of 298,900 shares and a transaction value of 1.05 billion [1] Top Losers in Zhejiang State-Owned Enterprises - Zhejiang Zhenyuan (000705) closed at 9.91, down 1.49%, with a trading volume of 86,400 shares [2] - Kang En Bei (600572) closed at 4.65, down 1.48%, with a trading volume of 334,600 shares [2] - Zhongjie Resources (002021) closed at 2.67, down 1.48%, with a trading volume of 323,300 shares [2] Capital Flow Analysis - The net inflow of main funds in the Zhejiang state-owned enterprise reform sector was 40.66 million, while retail funds saw a net inflow of 58.29 million [2] - Speculative funds experienced a net outflow of 98.95 million [2] Individual Stock Fund Flow - Juhua Co., Ltd. (600160) had a main fund net outflow of 50.89 million, with a retail net inflow of 14.95 million [3] - Yilida (002686) saw a main fund net inflow of 44.27 million, but a retail net outflow of 27.83 million [3] - Hangzhou Oxygen (002430) had a main fund net inflow of 39.64 million, with a retail net outflow of 19.51 million [3]

Market Performance - The diversified financial sector increased by 1.01% on December 8, with Ruida Futures leading the gains [1] - The Shanghai Composite Index closed at 3924.08, up 0.54%, while the Shenzhen Component Index closed at 13329.99, up 1.39% [1] Individual Stock Performance - Ruida Futures (002961) closed at 29.38, up 10.00% with a trading volume of 67,600 shares and a transaction value of 266.6 million [1] - Yong'an Futures (600927) closed at 15.63, up 4.97% with a trading volume of 221,500 shares and a transaction value of 345 million [1] - Other notable performers include 弘业期货 (001236) up 4.51%, *ST仁东 (002647) up 3.16%, and 南华期货 (603093) up 3.06% [1] Capital Flow Analysis - The diversified financial sector experienced a net outflow of 75.3968 million from institutional investors, while retail investors saw a net inflow of 100 million [2] - The capital flow data indicates that retail investors are increasingly active in the market despite the overall net outflow from major funds [2] Detailed Capital Flow for Selected Stocks - Zhonghai Capital (000617) had a net inflow of 51.8342 million from institutional investors, while retail investors had a net outflow of 47.0365 million [3] - Hainan Huatie (603300) saw a net inflow of 44.7164 million from institutional investors, with retail investors experiencing a net outflow of 27.2872 million [3] - Other stocks like 永安期货 (600927) and 瑞达期货 (002961) also showed mixed capital flows, with institutional inflows and retail outflows [3]

Group 1 - The financial sector continues to strengthen, with securities and futures leading the gains on December 8 [1] - Notable stock performances include: - Industrial Securities up by 10% to 7.92 [2] - Northeast Securities up by 6.5% to 9.83 [2] - Huatai Securities up by 4.22% to 22.72 [2] - Guotai Junan up by 3.55% to 20.43 [2] - GF Securities up by 3.43% to 22.02 [2] - Futures concept stocks also saw significant increases, with Ruida Futures up by 10% to 29.38 [3] - Other notable futures stocks include: - Hongye Futures up by over 8% [3] - Yong'an Futures up by 4.37% to 15.54 [3] - Nanhua Futures up by 3.27% to 20.22 [3]

| | | | 钢材早报 | | 研究中心黑色团队 2025/12/08 | | | --- | --- | --- | --- | --- | --- | --- | | 现 货 价 格 | | | | | | | | 日期 | 北京螺纹 | 上海螺纹 | 成都螺纹 | 西安螺纹 | 广州螺纹 | 武汉螺纹 | | 2025/12/01 | 3250 | 3310 | 3290 | 3310 | 3560 | 3430 | | 2025/12/02 | 3250 | 3320 | 3300 | 3310 | 3560 | 3440 | | 2025/12/03 | 3210 | 3320 | 3300 | 3310 | 3560 | 3440 | | 2025/12/04 | 3190 | 3320 | 3300 | 3310 | 3560 | 3440 | | 2025/12/05 | 3180 | 3270 | 3320 | 3310 | 3560 | 3440 | | 变化 | -10 | -50 | 20 | 0 | 0 | 0 | | 日期 | 天津热卷 | 上海热卷 | 乐从热卷 | 天津冷卷 ...

永安期货股份有限公司募集资金管理办法 第一章 总则 第一条 为加强和规范永安期货股份有限公司（以下简称公司）募集资金的管 理和运用，切实保护投资者的合法权益，依据《中华人民共和国公司法》《中华人 民共和国证券法》《上市公司证券发行管理办法》《上市公司募集资金监管规则》 《上海证券交易所股票上市规则》（以下简称《股票上市规则》）、《上海证券交易 所上市公司自律监管指引第 1 号——规范运作》等有关法律、法规、部门规章、 规范性文件（以下统称法律法规）及《永安期货股份有限公司章程》（以下简称 《公司章程》）的规定和要求，结合本公司的实际情况，特制订本办法。 第二条 本办法所称"募集资金"是指公司通过发行股票或者其他具有股权性 质的证券，向投资者募集并用于特定用途的资金，但不包括公司为实施股权激励 计划募集的资金。 本办法所称"超募资金"是指实际募集资金净额超过计划募集资金金额的部 分。 第三条 本办法是公司对募集资金使用和管理的基本行为准则。如募集资金 投资项目（如有，以下简称募投项目）通过公司的子公司或公司控制的其他企业 实施的，公司应确保该子公司或控制的其他企业遵守本办法。 第四条 公司董事会应按规定披露募集 ...