Core Viewpoint - The initiative by Galaxy Futures, in collaboration with Yong'an Futures and Donghai Futures, aims to support education in Xinjiang as part of the national rural revitalization strategy, emphasizing the importance of education in breaking the cycle of poverty [1][7]. Group 1: Educational Support Initiatives - The program focuses on two main areas: establishing a special scholarship fund for students and upgrading school infrastructure [3][5]. - A total of 70,000 yuan from Galaxy Futures and 30,000 yuan from Yong'an Futures will be allocated for scholarships for 48 students in Hetian Pishan County and 72,000 yuan from Galaxy Futures and 48,000 yuan from Yong'an Futures for 24 students in Kashgar Pahatakili Township [3]. - An additional 70,000 yuan from Galaxy Futures and 30,000 yuan from Donghai Futures will be used for upgrading outdated school facilities in Hetian Moyu County [3]. Group 2: Community Engagement and Commitment - The donation ceremony included representatives from local government, schools, and futures companies, highlighting the collaborative effort in promoting education [5]. - Galaxy Futures emphasized that educational support is a long-term commitment to social responsibility, aiming to provide a broader growth platform for children in Hetian and Kashgar [5]. - A student expressed gratitude for the scholarship, stating it boosts confidence for future university life and a desire to contribute to hometown development after graduation [5]. Group 3: Future Plans and Corporate Responsibility - Galaxy Futures plans to continue focusing on rural education and industry development, exploring diverse and sustainable support models [7]. - The initiative reflects the company's alignment with national strategies and its commitment to contributing to rural revitalization and common prosperity [7].

Report Industry Investment Rating - No relevant content found. Core Viewpoints of the Report - The 12 - contract has multiple price increase announcements in the follow - up, driven by positive factors such as long - term agreement signing from November to December, but the valuation is not low. It is recommended to adopt a "buy on dips" strategy, following the spot market [3][16]. - The valuation of the 02 - contract is difficult to determine with high uncertainty. It is expected to mainly follow the 12 - contract in the next month, and also adopt a "buy on dips" strategy [3][16]. - The 04 - contract is a off - season contract. It maintains a wide - range oscillation in the current peak - season logic. Considering greater supply pressure next year, the off - season in April, and potential resumption of flights, a "short - selling on highs" strategy is recommended [3][16]. Summary by Related Catalogs Futures Contract Information - **Closing Prices and Changes**: EC2512 closed at 1848.2 with a - 5.03% change; EC2602 at 1601.0 with - 3.09% and - 1.80% changes; EC2604 at 1178.0; EC2606 at 1414.2 with a - 0.83% change; EC2608 at 1484.0 with a - 0.88% change; EC2610 at 1140.0 with a - 0.25% change [2][15]. - **Volume and Open Interest**: EC2512 had a volume of 35518 and an open interest of 28412 with a change of - 5560; EC2602 had a volume of 9591 and an open interest of 22625 with a change of 273 - 3749; EC2604 had a volume of 2051 and an open interest of 14208; EC2606 had a volume of 132 and an open interest of 1455 with a change of - 9; EC2608 had a volume of 120 and an open interest of 1306 with a change of - 31; EC2610 had a volume of 269 and an open interest of 1432 with a change of 156 [2][15]. - **Monthly Spreads**: EC2512 - 2504 spread was 670.2 with a day - on - day change of - 76.2 and a week - on - week change of - 6.4; EC2512 - 2602 spread was 247.2 with a day - on - day change of - 46.8 and a week - on - week change of - 17.8; EC2502 - 2604 spread was 423.0 with a day - on - day change of - 29.4 and a week - on - week change of 11.4 [2][15]. Index Information - **SCFI (European Line)**: Updated weekly on Mondays and the ninth day of the week. On 2025/11/3, it was 1208.71 points with a - 7.92% change from the previous period; on 2025/10/31, it was 1344 dollars/TEU with a 7.87% change [2][15]. - **CCFI**: Updated weekly on the ninth day of the week. On 2025/10/31, it was 1323.81 points with a 2.37% change [2][15]. - **NCFI**: Updated weekly on the ninth day of the week. On 2025/10/31, it was 965.62 points with a 17.43% change [2][15]. Recent European Line Quotation - Downstream is booking cabins for early November (week 45 - 46). In week 46, PA slightly improved, and shipping companies could fill all cabins, but the capacity was very low. After week 45's cargo - booking ended, the pressure increased in the second half of November. The average price was about 2050 dollars (equivalent to 1430 points on the futures). In the first half of November, PA had the largest price cut. Shipping companies mostly announced price increases to 2500 - 3100 dollars in the second half of November, and MSK quoted 2250 dollars [4][17]. Shipping Company Price Announcements - On Monday, the freight rate remained unchanged. MSC and HPL announced price increases for the second half of November to 3000 and 3100 dollars/FEU respectively. MSK's opening price for the second half of November was 2250 (+50) dollars/FEU, lower than the previous market expectation of 2400 - 2500 dollars. MSK also announced a price increase to 3200 dollars for December on the European line, while MSC's price dropped to 2365 dollars [5][18]. - On Thursday, ONE opened at 2600 dollars, and YML opened at 2550 dollars [6][19].

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints - No relevant information provided 3. Summary by Related Catalogs Price and Profit - The report presents the spot prices of various types of steel products from October 31, 2025, to November 6, 2025, including Beijing, Shanghai, Chengdu, Xi'an, Guangzhou, and Wuhan's rebar, and Tianjin, Shanghai, and Lecong's hot - rolled and cold - rolled coils. For rebar, prices in different regions showed different degrees of change, with Beijing up 60, Shanghai up 30, and Xi'an up 70, while prices of hot - rolled and cold - rolled coils remained unchanged during the period from November 5 to 6, 2025 [1]. Basis and Spread - No relevant information provided Production and Inventory - No relevant information provided

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600927 证券简称：永安期货 公告编号：2025-064 永安期货股份有限公司关于召开2025年第三季度业绩说明会的公告 一、说明会召开的时间、地点和方式 董事长：黄志明先生 总经理：马志伟先生 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： 会议召开时间：2025年11月14日(星期五)上午10:00-11:00 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络互动方式 投资者可于2025年11月14日前访问网址https://eseb.cn/1sVCd4zvK9y或扫描下方小程序码进行会前提问， 公司将通过本次业绩说明会，在信息披露允许范围内就投资者普遍关注的问题进行回答。 ■ 永安期货股份有限公司（以下简称"公司"）已于2025年10月29日发布2025年第三季度报告，为便于广大 投资者更全面深入地了解公司的财务状况以及经营成果，公司定于2025年11月14日上午10:00-11:00召开 2025年第三季度业绩 ...

黄志明介绍，永安期货秉承"党建引领人才"，践行"期货黄埔、成事成才"育人理念，通过开展"黄埔联 盟"、校企合作、设立博士后工作站及"永动"系列四级培训体系等，着力构建投研人才、营销人才和管 理人才三类核心人才梯队。 大会上，中粮期货党委副书记黎志峰分享了中粮期货在人才培养方面的经验。他表示，中粮期货依托服 务中粮集团农产品全产业链的独特优势，全面培养对现代产业链有深入理解、服务实体经济的复合型人 才。同时，中粮期货打通了专业型、管理型人才双向培养通道，助力公司人才转型发展。 期货行业作为典型的智力和资本密集型行业，人才始终是其核心竞争力。在近日举办的2025金融街论坛 年会分论坛暨第十七届期货高管大会上，与会嘉宾围绕现阶段期货及衍生品人才培养情况展开分享，并 就期货行业人才供需矛盾深入探讨了人才生态的优化路径。 人才建设成效与短板并存 "人才是期货行业发展的基石，也是影响行业未来发展的核心竞争力。"永安期货董事长黄志明在大会上 表示，目前期货行业已初步形成政策引导、行业协同和机构实践的"三位一体"人才发展格局。数据显 示，目前，期货行业从业人员数量已突破8.8万人，比五年前增长了26%，人才队伍呈现出"年轻化 ...

证券代码：600927 证券简称：永安期货 公告编号：2025-064 永安期货股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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： 会议召开时间：2025年11月14日(星期五)上午10:00-11:00 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络互动方式 投 资 者 可 于 2025 年 11 月 14 日 前 访 问 网 址 https://eseb.cn/1sVCd4zvK9y 或扫描下方小程序码进行会前提问， 公司将通过本次业绩说明会，在信息披露允许范围内就投资者普 遍关注的问题进行回答。 永安期货股份有限公司（以下简称"公司"）已于 2025 年 10 月 29 日发布 2025 年第三季度报告，为便于广大投资者更全 面深入地了解公司的财务状况以及经营成果，公司定于 2025 年 11 月 14 日上午 10:00-11:00 召开 2025 年第三季度业绩说明会， 就投资者关心的问题进行交流。 一、说明会 ...

Core Viewpoint - Yong'an Futures is positioning itself as a leader in the internationalization of China's futures industry, establishing a robust global financial service network and achieving significant overseas revenue growth [1][3]. Group 1: International Expansion - Yong'an Futures began its international journey in 2006 by establishing a branch in Hong Kong, marking the start of its globalization strategy [3]. - The company expanded into Singapore in 2014, forming a dual-core structure with Hong Kong and Singapore as key operational hubs [3]. - By 2024, Yong'an Futures' overseas revenue is projected to exceed 430 million yuan, ranking among the top listed futures companies in China [1]. Group 2: Business Model and Services - The core competitive advantage of Yong'an Futures lies in its "risk management + wealth management" dual-driven service system, leveraging the geographical advantages of Hong Kong and Singapore [6]. - The company has successfully extended its services to various regions, achieving over 700 million USD in business scale over the past five years [6]. - Yong'an Futures offers tailored global asset allocation solutions for institutional clients, high-net-worth individuals, and industry clients, covering a wide range of financial instruments [6]. Group 3: Research and Asset Management - Yong'an Futures has built a strong asset management team focused on active management and absolute returns, enhancing its capabilities in equity and fixed income investments [8]. - The company employs a diversified asset allocation strategy, utilizing futures hedging and value investment logic to optimize global asset portfolios [8]. Group 4: Future Outlook - Looking ahead, Yong'an Futures aims to deepen strategic partnerships with international financial institutions and enhance its global asset allocation capabilities [10]. - The company is committed to providing high-quality, efficient, and comprehensive financial services to global investors, positioning itself as a benchmark for cross-border integrated financial services [10].

纸浆早报 研究中心能化团队 2025/11/06 SP主力合约收盘价： 5360.00 | 日期 | 2025/11/05 | 2025/11/04 | 2025/11/03 | 2025/10/31 | 2025/10/30 | | --- | --- | --- | --- | --- | --- | | 主力合约收盘价 | 5360.00 | 5288.00 | 5306.00 | 5212.00 | 5224.00 | | 折美元价 | 648.25 | 648.25 | 650.56 | 639.69 | 641.44 | | 距上一日涨跌 | 1.36157% | -0.33924% | 1.80353% | -0.22971% | -0.34338% | | 山东银星基差 | 140 | 212 | 194 | 263 | 276 | | 江浙沪银星基差 | 155 | 227 | 219 | 298 | 286 | 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 | | --- | --- | --- | --- | --- | - ...

焦煤日报 研究中心黑色团队 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 柳林主焦 2021 2022 2023 2024 2025 500.00 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 蒙古口岸原煤库提价 A10.5，V28，S<0.6%，G83 2021 2022 2023 2024 2025 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 沙河驿进口主焦 A11，V26，S0.7，G80，Y15，CSR60 2021 2022 2023 2024 2025 50.00 100.00 150.00 200.00 250.00 300.00 350 ...

Report Information - Report Title: Coking Coal Daily Report - Research Team: Black Team of the Research Center - Report Date: November 5, 2025 [1] 1. Price Changes - **Domestic Coking Coal**: The latest price of Liulin Main Coking Coal is 1645.00, with a weekly increase of 70.00 and a monthly increase of 95.00, an annual change of 0.30%. The price of Anze Main Coking Coal is 1600.00, with a monthly increase of 10.00 and an annual decrease of 3.03%. The price of Shaheyi Meng 5 is 1550.00, with a daily and weekly increase of 80.00, a monthly increase of 100.00, and an annual decrease of 6.63%. The price of raw coal at the port for pick - up is 1170.00, with a weekly increase of 39.00, a monthly increase of 155.00, and an annual change of 0.86% [2]. - **Imported Coking Coal**: The latest price of Peak Downs is 211.50, with a weekly increase of 1.80, a monthly increase of 6.50, and an annual decrease of 10.30%. The price of Goonyella is 211.50, with the same changes as Peak Downs [2]. - **Futures Market**: The price of Futures Contract 05 is 1331.00, with a daily decrease of 18.00, a weekly decrease of 9.50, a monthly increase of 72.50, and an annual decrease of 6.27%. The price of Futures Contract 09 is 1394.50, with a daily decrease of 19.00, a weekly decrease of 23.00, a monthly increase of 61.00, and an annual decrease of 3.99%. The price of Futures Contract 01 is 1274.50, with a daily decrease of 11.00, a weekly increase of 7.00, a monthly increase of 103.00, and an annual decrease of 4.67% [2]. 2. Inventory Changes - **Total Inventory**: The total inventory is 3322.59, with a weekly increase of 19.06, a monthly decrease of 31.74, and an annual decrease of 13.86% [2]. - **Sub - inventories**: Coal mine inventory is 164.53, with a weekly decrease of 25.01, a monthly decrease of 27.01, and an annual decrease of 40.57%. Port inventory is 275.65, with a weekly increase of 2.94, a monthly increase of 10.16, and an annual decrease of 33.84%. Steel mill coking coal inventory is 782.96, with a weekly decrease of 5.36, a monthly decrease of 13.11, and an annual increase of 6.16%. Coking plant coking coal inventory is 1029.70, with a weekly increase of 32.33, a monthly increase of 30.63, and an annual increase of 11.53% [2]. 3. Other Indicators - **Coking Capacity Utilization**: The coking capacity utilization rate is 73.44, with a weekly decrease of 0.03, a monthly decrease of 1.69, and an annual decrease of 0.33% [2]. - **Coking Coke Inventory**: The coking coke inventory is 85.21, with a weekly increase of 0.18, a monthly decrease of 0.61, and an annual decrease of 1.58% [2]. - **Futures Spreads**: The 5 - 9 spread is - 63.50, with a daily increase of 1.00, a weekly increase of 13.50, a monthly increase of 11.50, and an annual increase of 0.95%. The 9 - 1 spread is 120.00, with a daily decrease of 8.00, a weekly decrease of 30.00, a monthly decrease of 42.00, and an annual increase of 0.04%. The 1 - 5 spread is - 56.50, with a daily increase of 7.00, a weekly increase of 16.50, a monthly increase of 30.50, and an annual decrease of 0.32% [2]. - **Basis**: The 05 basis is 33.14, with a daily increase of 37.54, a weekly increase of 69.27, a monthly increase of 98.76, and an annual increase of 76.36%. The 09 basis is - 30.36, with a daily increase of 38.54, a weekly increase of 82.77, a monthly increase of 110.26, and an annual decrease of 0.60%. The 01 basis is 89.64, with a daily increase of 30.54, a weekly increase of 52.77, a monthly increase of 68.26, and an annual increase of 1.25% [2] 4. Other Information - The Mongolia port raw coal pick - up price ranges from 3900.00 to 4400.00. The Shaheyi imported main coking coal has specifications of A11, V26, S0.7, G80, Y15, CSR60 [3]