Report Summary 1. Report Industry Investment Rating - No information provided 2. Core Viewpoints - No clear core viewpoints presented in the given content 3. Summary by Relevant Catalogs SP Main Contract Information - On August 4, 2025, the closing price of the SP main contract was 5168.00, showing a -0.34709% change from the previous day [3] - The discount to US dollars was 628.64 on August 4, 2025 [3] - The basis of Shandong Yinxing was 682, and that of Jiangsu, Zhejiang and Shanghai Yinxing was 757 on August 4, 2025 [3] Import Profit and Price Information - With a 13% VAT calculation, the import profit of Canadian Golden Lion was 51.55, while that of Canadian Lion was -342.78, and that of Chilean Yinxing was -61.65 on August 4, 2025 [4] - The port US - dollar price of Canadian Golden Lion was 780, Canadian Lion was 730, and Chilean Yinxing was 720 [4] - The RMB price in Shandong area of Canadian Golden Lion was 6450, Canadian Lion was 5635, and Chilean Yinxing was 5850 [4] Pulp and Paper Price and Margin Information - From July 29 to August 4, 2025, the national average prices of softwood pulp, hardwood pulp, natural pulp, and chemimechanical pulp remained unchanged, as did the average prices in Shandong area [4] - The indices of cultural paper (double - offset, double - copper), packaging paper (white card), and living paper remained unchanged from July 30 to August 4, 2025 [4] - The estimated profit margins of double - offset paper, double - copper paper, white card paper, and living paper showed some positive changes from July 30 to August 4, 2025, with changes of 0.1286, 0.1121, 0.0975, and 0.1528 respectively [4] Pulp Price Difference Information - From July 29 to August 4, 2025, the price differences between softwood and hardwood, softwood and natural, softwood and chemimechanical, and softwood and waste paper all showed a decreasing trend [4]

Price Performance - London Gold latest price is 3380.05, up 33.20 [1] - London Silver latest price is 37.15, up 0.66 [1] - London Platinum latest price is 1302.00, down 4.00 [1] - London Palladium latest price is 1227.00, up 10.00 [1] - WTI Crude latest price is 66.29, down 1.04 [1] - LME Copper latest price is 9677.50, up 33.00 [1] - US Dollar Index latest is 98.74, up 0.05 [1] - Euro to US Dollar latest is 1.16, down 0.00 [1] - British Pound to US Dollar latest is 1.33, up 0.00 [1] - US Dollar to Japanese Yen latest is 147.11, down 0.28 [1] Trading Data - SHFE Silver inventory is 1174.27, down 9.69 [2] - Gold ETF holdings are 954.80, up 1.72 [2] - SGE Silver inventory is 1312.02, unchanged [2] - SGE Gold deferred fee payment direction is 1, unchanged [2] - SGE Silver deferred fee payment direction is 1, unchanged [2]

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月 10月 11月 12月 1月 日照港准一平仓 2021 2022 2023 2024 2025 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 焦炭日报 研究中心黑色团队 2025/8/5 | | 最新 | 日变化 | 周变化 | 月变化 | 同比 | 最新 日变化 ...

焦炭日报 研究中心黑色团队 230家焦炭产量 全样本焦化焦炭库存 2025/8/4 | | 最新 | 日变化 | 周变化 | 月变化 | 同比 | 最新 | 日变化 | 周变化 | 月变化 同比 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 山西准一湿熄 | 1372.10 | 0.00 | 109.23 | 218.45 | -25.60% 高炉开工率 | 90.24 | | -0.57 | -0.05 | 0.70% | | 河北准一湿熄 | 1595.00 | 0.00 | 110.00 | 220.00 | -25.29% 铁水日均产量 | 240.71 | | -1.52 | -0.14 | 1.73% | | 山东准一干熄 | 1550.00 | 0.00 | 110.00 | 220.00 | -28.74% 盘面05 | 1756 | -38.50 | -66.00 | 279.00 | -18.85% | | 江苏准一干熄 | 1590.00 | 0.00 | 110.00 | 220.00 ...

新浪期货 根据交易所数据，截至8月04日收盘主力合约30年期国债期货2509,涨跌+0.08%,成交量12.28万手，持仓数据显示前20席 位呈现净多，差额头寸为3289手。 30年期国债期货期货全合约总计成交15.48万手，比上一日新增1.41万手。全合约前20席位多头持仓12.91万手，比上一日减少2497 手。全合约前20席位空头持仓12.86万手，比上一日减少4820手。 根据合并数据显示，多头前三席位为中信期货，总持仓27426、国泰君安，总持仓20030、平安期货，总持仓9426；空头前三席位 为中信期货，总持仓16324、国泰君安，总持仓15608、东证期货，总持仓11993； 主力合约前20席位中，多头增仓前三名分别是：国金期货、持仓3190、增仓436，宏源期货、持仓7353、增仓190，申银万国、持 仓3218、增仓163；多头减仓前三名分别是：中信期货、持仓16133、减仓-2254，东证期货、持仓7205、减仓-1203，国泰君安、 持仓13001、减仓-1022； 主力合约前20席位中，空头增仓前三名分别是：西部期货、持仓1845、增仓627，平安期货、持仓3081、增仓328，中信 ...

行业研究 多元金融 2025 年 08 月 03 日 证 券 研 究 报 告 非银金融行业重大事项点评 推荐（维持） 期货：金融业"反内卷"第一枪？ | 华创证券研究所 | | --- | | 证券分析师：徐康 | | 电话：021-20572556 | | 邮箱：xukang@hcyjs.com | | 执业编号：S0360518060005 | 事项： 行业手续费率持续下滑，竞争加剧与同质化经营是主要拖累。一方面，期货公司业务模 式单一，主要依赖经纪业务，行业竞争高度同质化，为争夺客户资源普遍采取降费策略， "价格战"加剧；另一方面，国内期货公司数量众多（共 150 家），但行业集中度低，全 国性期货公司较少，中小公司缺乏差异化服务能力，只能通过低价策略争夺客户，加剧 行业恶性竞争。行业佣金率已从 2017 年的万分之 0.389 降至 2023 年的万分之 0.207（注： 详见图表 2），长期来看，期货公司需通过业务创新或服务升级突破低费率困局。 《规则》旨在推动期货公司从低水平价格战转向以服务质量、专业能力和风险管理为核 心的差异化竞争。《规则》首次明确划定了期货经纪业务不正当竞争行为的边界，包括禁 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ■ 三、其他事项 公司将严格按照《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第7号一一回购股 份》等相关规定，在回购期限内根据市场情况择机做出回购决策并予以实施，同时根据回购股份事项进 展情况及时履行信息披露义务，敬请广大投资者注意投资风险。 特此公告。 永安期货股份有限公司董事会 一、回购股份的基本情况 2025年8月2日 永安期货股份有限公司（以下简称"公司"）于2025年6月3日，2025年6月30日分别召开第四届董事会第 十一次会议及2025年第一次临时股东大会，审议通过了《关于以集中竞价交易方式回购公司股份方案的 议案》，同意公司以自有资金通过集中竞价交易方式回购公司部分人民币普通股（A股）股票，用于减 少注册资本。本次回购价格不超过18.63元/股，回购资金总额不低于人民币0.5亿元（含）且不超过人民 币1亿元（含），回购期限自股东大会审议通过方案之日起不超过12个月内。 具体内容详见公 ...

Group 1 - The stock price of Yong'an Futures closed at 15.22 yuan on August 1, 2025, down by 0.10 yuan, a decrease of 0.65% from the previous trading day [1] - The opening price was 15.36 yuan, with a highest price of 15.39 yuan and a lowest price of 15.17 yuan, with a trading volume of 67,700 lots and a transaction amount of 103 million yuan [1] - Yong'an Futures operates in the diversified financial industry, headquartered in Zhejiang, and its business includes futures brokerage, asset management, and risk management [1] Group 2 - The company announced that as of July 31, 2025, it has not yet implemented a stock repurchase plan and will consider advancing it based on market conditions [1] - On August 1, there was a net outflow of main funds amounting to 15.94 million yuan, with a cumulative net outflow of 123 million yuan over the past five trading days [1]

（文章来源：证券日报） 证券日报网讯 8月1日晚间，永安期货发布公告称，截至2025年7月31日，公司暂未开展股票回购，公司 后续将根据市场情况择机实施本次回购计划。 ...

Group 1 - The core viewpoint of the article indicates that the zinc futures market is experiencing a net short position among the top 20 positions, with a difference of 4,971 contracts as of August 1 [1] - The main contract for zinc (沪锌2509) closed with a slight decrease of 0.53%, and the total trading volume for all contracts was 165,000 contracts, which is a decrease of 11,770 contracts from the previous day [1] - The top 20 positions show an increase in long positions by 1,796 contracts and an increase in short positions by 2,408 contracts compared to the previous day [1] Group 2 - The top three long positions are held by 中信期货 (CITIC Futures) with a total holding of 31,274 contracts, 东证期货 (Dongzheng Futures) with 13,079 contracts, and 国泰君安 (Guotai Junan) with 12,352 contracts [1] - The top three short positions are also led by 中信期货 (CITIC Futures) with 24,139 contracts, followed by 国泰君安 (Guotai Junan) with 10,508 contracts, and 永安期货 (Yongan Futures) with 8,447 contracts [1] - The top three firms increasing their long positions are 建信期货 (Jianxin Futures) with an increase of 639 contracts, 华泰期货 (Huatai Futures) with an increase of 407 contracts, and 国投期货 (Guotou Futures) with an increase of 315 contracts [1]