Group 1 - The financial sector experienced significant gains, with multiple companies reaching their daily price limits [2] - Weiston saw a 20% increase, while Huazhong Securities and State Grid Yingda also hit their price limits [2] - Huaxin Yongdao rose over 15%, indicating strong market performance [2] Group 2 - Other companies such as Northeast Securities, Tonghuashun, Ruida Futures, Guiding Compass, and Wealth Trend also showed notable increases in their stock prices [2]

Core Viewpoint - The internet finance sector has experienced a significant rally, with notable stock price increases among various companies [1] Group 1: Stock Performance - Tianrongxin has reached the daily limit increase [1] - Weidun has surged over 15% [1] - Tonghuashun has risen more than 7% [1] - Huaxin Yongdao, Ruida Futures, and Dongxing Securities have also seen upward movement [1]

南方财经10月29日电，互联网金融板块持续拉升，天融信涨停，威士顿涨超15%，同花顺涨超7%，华 信永道、瑞达期货、东兴证券跟涨。 ...

Core Insights - The Fujian sector in the A-share market continues to perform well, with several stocks hitting their daily limit up, indicating strong investor interest and positive market sentiment [1] Group 1: Stock Performance - Pingtan Development (000592) achieved a 10.02% increase, with a total market capitalization of 11.7 billion and a year-to-date increase of 110.45% [2] - Jibite (603444) also saw a 10.00% rise, bringing its market cap to 36.3 billion and a year-to-date increase of 136.50% [2] - Ruilite (002790) recorded a 9.96% increase, with a market cap of 4.154 billion and a year-to-date increase of 40.08% [2] - Fulongma (603686) rose by 7.92%, with a market cap of 10.9 billion and a year-to-date increase of 154.38% [2] - Xiamen Tungsten (600549) increased by 4.92%, with a market cap of 58.6 billion and a year-to-date increase of 96.47% [2] - Wanlishi (002785) saw a 4.53% increase, with a market cap of 8.312 billion and a year-to-date increase of 12.00% [2] - Kaiying Network (002517) rose by 4.49%, with a market cap of 53.2 billion and a year-to-date increase of 84.18% [2] - Xiamen Tungsten New Energy (688778) increased by 4.45%, with a market cap of 41.9 billion and a year-to-date increase of 120.43% [2] - Fujian Cement (600802) rose by 3.66%, with a market cap of 3.373 billion and a year-to-date increase of 94.20% [2] Group 2: Market Trends - The formation of a MACD golden cross signal indicates a positive trend in the stock prices of these companies, suggesting potential for further gains [1]

免责声明 术上关注6939附近10日均线支撑。 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 塑料产业日报 2025-10-28 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:聚乙烯(日,元/吨) | 6985 | -39 1月合约收盘价:聚乙烯(日,元/吨) | 6985 | -39 | | | 5月合约收盘价:聚乙烯(日,元/吨) | 7062 | -28 9月合约收盘价:聚乙烯(日,元/吨) | 7101 | -18 | | | 成交量(日,手) | 220120 | -21326 持仓量(日,手) | 519487 | -4375 | | 1-5价差 | | -77 | -11 期货前20名持仓:买单量:聚乙烯(日,手) | 387932 | -1640 | | | 期货前20名持仓 ...

数据来源第三方，观点仅供参考。市场有风险，投资需谨慎！ 不锈钢产业日报 2025-10-28 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:不锈钢(日,元/吨) | 12750 | -65 11-12月合约价差:不锈钢(日,元/吨) | 5 | 20 | | | 期货前20名持仓:净买单量:不锈钢(日,手) | -14766 | -8314 主力合约持仓量:不锈钢(日,手) | 100253 | -14871 | | | 仓单数量:不锈钢(日,吨) | 73896 | 0 | | | | 现货市场 | 304/2B卷:切边:无锡(日,元/吨) | 13550 | 0 市场价:废不锈钢304:无锡(日,元/吨) | 9250 | 0 | | | SS主力合约基差(日,元/吨) | 320 | -85 | | | | 上游情况 | 电解镍产量(月,吨) | 29430 | 1120 镍铁产量合计(月,万金属吨) | 2.17 | -0.03 | | | 进口数量:精 ...

Report Summary 1. Report Industry Investment Rating - No investment rating information is provided in the report. 2. Core View of the Report - The nickel market's oversupply situation is difficult to change. It is expected that nickel prices will fluctuate and adjust, with attention paid to the range of 120,000 - 124,000 yuan/ton. Technically, with an increase in positions and a decline in prices, it will maintain range - bound operation. It is recommended to wait and see temporarily or conduct range - bound operations [3]. 3. Summary by Relevant Catalogs a. Futures Market - The closing price of the main futures contract for Shanghai nickel is 120,560 yuan/ton, down 1,840 yuan; the spread between the November - December contracts for Shanghai nickel is - 260 yuan/ton, up 80 yuan. The LME 3 - month nickel price is 15,335 US dollars/ton, up 10 US dollars. The main contract position of Shanghai nickel is 115,046 lots, up 6,057 lots. The net long position of the top 20 futures holders for Shanghai nickel is - 38,140 lots, down 4,457 lots. The LME nickel inventory is 251,238 tons, up 384 tons. The SHFE nickel inventory is 36,075 tons, up 1,656 tons. The LME nickel cancelled warrants total 6,408 tons, down 24 tons. The warehouse receipt quantity of Shanghai nickel is 31,385 tons, up 1,605 tons [3]. b. Spot Market - The SMM 1 nickel spot price is 122,150 yuan/ton, down 900 yuan; the average spot price of 1 nickel plate from Yangtze River Non - ferrous is 122,250 yuan/ton, down 900 yuan. The CIF (bill of lading) price of Shanghai electrolytic nickel is 85 US dollars/ton, unchanged; the bonded warehouse (warehouse receipt) price of Shanghai electrolytic nickel is 85 US dollars/ton, unchanged. The average price of battery - grade nickel sulfate is 28,800 yuan/ton, unchanged. The basis of the NI main contract is 1,590 yuan/ton, up 940 yuan. The LME nickel (spot/3 - month) premium is - 205.18 US dollars/ton, down 11.06 US dollars [3]. c. Upstream Situation - The monthly import volume of nickel ore is 611.45 million tons, down 23.22 million tons; the average monthly import price of nickel ore is 56.72 US dollars/ton. The total port inventory of nickel ore is 1,497.91 million tons, down 30.93 million tons. The含税 price of Indonesian laterite nickel ore with 1.8% Ni is 41.71 US dollars/wet ton, unchanged [3]. d. Industry Situation - The monthly electrolytic nickel production is 29,430 tons, up 1,120 tons; the total monthly ferronickel production is 21,700 metal tons, down 300 metal tons. The monthly import volume of refined nickel and alloys is 28,570.87 tons, up 4,144.03 tons; the monthly import volume of ferronickel is 1.0853 million tons, up 0.2112 million tons [3]. e. Downstream Situation - The monthly production of 300 - series stainless steel is 1.7627 million tons, up 0.0248 million tons; the total weekly inventory of 300 - series stainless steel is 0.5767 million tons, down 0.0069 million tons [3]. f. Industry News - Wang Yi had a phone call with US Secretary of State Rubio, hoping that both sides would work towards each other to prepare for high - level Sino - US interactions. From January to September, the profits of above - scale equipment manufacturing industry increased by 9.4% year - on - year, 6.2 percentage points higher than the average level of all above - scale industries, driving the profit growth of all above - scale industrial enterprises by 3.4 percentage points. The high - tech manufacturing industry played an obvious leading role, with the profits of above - scale high - tech manufacturing industry increasing by 8.7% year - on - year, 2.7 percentage points faster than from January to August. According to IMF forecasts, by 2030, the ratio of the US government's total debt to GDP will soar by more than 20 percentage points from the current level to 143.4%, breaking the post - pandemic historical record [3].

Core Viewpoint - The stock prices of quality companies with improving performance have surged, with the Shanghai Composite Index breaking the 4000-point mark for the first time in over 3700 days [1] Group 1: Market Performance - The market is shifting towards sectors with relatively better performance as the third-quarter reports are gradually disclosed, particularly favoring the communication sector [3] - Over 2000 listed companies have released their third-quarter earnings, with more than half reporting year-on-year profit growth or turning losses into profits [4] - 18 companies have reported a net profit increase of over 10 times year-on-year, while over 130 companies have doubled their net profits but remain below a tenfold increase [4] Group 2: Notable Companies - Companies with significant profit growth include Fangzheng Electric, Jingrui Electric Materials, and Tianbao Infrastructure, with net profit increases of 153128.60%, 19202.65%, and 7158.91% respectively [5] - The high growth in profits for some companies is attributed to low base figures from the previous year [5] - Companies like Liyang Instrument and Oat Technology have seen their stock prices rise significantly post third-quarter report disclosures, with Liyang Instrument's net profit increasing by over 49% year-on-year [6] Group 3: Institutional Investment - Among the stocks with a net profit increase of over 30% and rated by multiple institutions, 23 stocks saw their prices rise by over 5% with significant net inflows from main funds [7] - Leading the net inflow is Ruida Futures, with over 18% of its shares being bought by main funds [8] - Huaxin Cement received the highest attention from institutions, with 18 ratings, and its third-quarter performance exceeded expectations due to the consolidation of Nigerian assets [10]

Group 1: Report Industry Investment Rating - No information provided Group 2: Core View of the Report - The Shanghai lead market is expected to fluctuate slightly stronger next week, but the strength is limited. It is recommended to short at high prices and arrange short positions for lead prices when the price is high. If the Fed's interest rate cut next week falls short of expectations, the market may form a negative feedback [2]. Group 3: Summary by Relevant Catalogs Futures Market - The closing price of the Shanghai lead main contract was 17,355 yuan/ton, down 165 yuan; the LME 3 - month lead quote was 2,023.5 US dollars/ton, up 7 US dollars. The 12 - 01 month contract spread of Shanghai lead was - 10 yuan/ton, down 5 yuan. The Shanghai lead open interest was 123,029 lots, down 6,161 lots. The net position of the top 20 in Shanghai lead was 1,110 lots, up 1,751 lots. The Shanghai lead warehouse receipts were 23,097 tons, up 49 tons. The Shanghai Futures Exchange inventory was 36,333 tons, down 5,368 tons; the LME lead inventory was 232,375 tons, down 3,000 tons [2]. Spot Market - The spot price of Shanghai Non - ferrous Metals Network 1 lead was 17,225 yuan/ton, down 25 yuan; the spot price of Yangtze River Non - ferrous Metals Market 1 lead was 17,340 yuan/ton, down 100 yuan. The basis of the lead main contract was - 130 yuan/ton, up 140 yuan; the LME lead premium (0 - 3) was - 33.8 US dollars/ton, up 2.84 US dollars [2]. Upstream Situation - The price of 50% - 60% lead concentrate in Jiyuan was 16,671 yuan, up 275 yuan. The price of domestic recycled lead (≥98.5%) was 17,140 yuan/ton, down 30 yuan. The WBMS supply - demand balance of lead was 22,000 tons, up 45,500 tons. The number of recycled lead production enterprises was 68, unchanged. The capacity utilization rate of recycled lead was 35.56%, down 2.32 percentage points; the monthly output of recycled lead was 224,200 tons, down 67,500 tons. The average weekly operating rate of primary lead was 82.65%, up 1.01 percentage points; the weekly output of primary lead was 39,600 tons, up 500 tons. The processing fee of 60% lead concentrate at major ports was - 90 US dollars/kiloton, unchanged. The ILZSG lead supply - demand balance was - 2,500 tons, up 3,100 tons. The global lead ore output was 383,300 tons, up 3,400 tons. The lead ore import volume was 150,600 tons, up 15,800 tons [2]. Industry Situation - The refined lead import volume was 1,507.92 tons, down 312.63 tons. The refined lead export volume was 1,486.13 tons, down 1,266.09 tons. The average domestic processing fee of lead concentrate to the factory was 380 yuan/ton, unchanged. The average price of waste batteries in the market was 10,016.07 yuan/ton, unchanged [2]. Downstream Situation - The export volume of batteries was 45,696,000, down 3,984,000. The Shenwan industry index of batteries and other power sources was 2,022.6 points, down 20.23 points. The average price of lead - antimony alloy (for batteries, containing 2% antimony) was 19,450 yuan/ton, down 25 yuan. The monthly automobile output was 3.227 million, up 474,600. The monthly new - energy vehicle output was 1.58 million, up 247,000 [2]. Industry News - Amazon plans to lay off up to 30,000 people. The UK will stop disclosing the identities of short - sellers in the stock market. Zelensky said that a cease - fire plan will be formulated with allies within seven to ten days. Qualcomm launched an AI chip to compete with AMD and NVIDIA. The US extended the trade negotiation deadline by several weeks. The Philippine central bank official said that the gold reserve is "excessive" and a part should be sold for profit. OPEC+ oil - producing countries tend to implement a small - scale production increase again in December at the Sunday meeting [2]. View Summary - On the supply side, for primary lead, although some smelters plan to boost annual production and sales, there are many overhauls from October to November, so the output is expected to increase slightly. For recycled lead, the smelters affected by Document No. 770 are gradually resuming production, but the raw material inventory is low, and the waste transportation of recycled lead enterprises is affected by environmental protection requirements in the heating season in the north, so the output recovery is limited, and the lead ingot spot will remain tight in the short term. On the demand side, after the National Day and Mid - Autumn Festival holidays, the weekly operating rate of lead - acid battery enterprises has rebounded significantly. Entering the traditional consumption season, the replacement market of automobiles and electric bicycles supports the demand for lead. Some leading battery enterprises have good orders and expand energy - storage business, which will further increase the demand for lead. However, since September, the Shanghai - London ratio of lead ingots has gradually expanded, and the export of Chinese lead - acid batteries is under pressure due to tariffs, which will suppress the demand growth to some extent. The inventory has been decreasing, but with the expected increase in imported lead arrivals and the possible increase in recycled lead output, the inventory may change next week. If the inventory decline slows down, it will resist price increases [2].

Report Summary 1. Investment Rating - No investment rating for the industry is provided in the report. 2. Core View - On Tuesday, the RB2601 contract rose and then pulled back. The central bank will improve the monetary policy framework, strengthen implementation and transmission, and improve long - term capital support policies. The weekly output of rebar increased with a capacity utilization rate of 45.39%, terminal demand increased, and inventory declined. Fed rate - cut expectations and production cuts in major steel - producing areas still support steel prices. Technically, the 1 - hour MACD indicator of the RB2601 contract shows a slowdown in the upward trend of DIFF and DEA, and the red column is shrinking. It is recommended to pay attention to the support around 3070, conduct short - term trading, and control risks [2]. 3. Summary by Categories 3.1 Futures Market - The closing price of the RB main contract was 3,091 yuan/ton, down 9 yuan; the position was 1,930,357 lots, down 22,644 lots. The net position of the top 20 in the RB contract was - 103,837 lots, up 8,267 lots. The RB1 - 5 contract spread was - 63 yuan/ton, down 4 yuan. The RB Shanghai Futures Exchange warehouse receipt was 147,361 tons, down 3,058 tons. The HC2601 - RB2601 contract spread was 214 yuan/ton, up 15 yuan [2]. 3.2 Spot Market - The price of HRB400E 20MM in Hangzhou (theoretical weight) was 3,300 yuan/ton, up 20 yuan; in Guangzhou (theoretical weight) was 3,320 yuan/ton, up 10 yuan; in Tianjin (theoretical weight) was 3,140 yuan/ton, unchanged. The RB main contract basis was 209 yuan/ton, up 29 yuan. The spot price difference between hot - rolled coil and rebar in Hangzhou was 70 yuan/ton, down 10 yuan [2]. 3.3 Upstream Situation - The price of 61.5% PB fine ore at Qingdao Port was 796 yuan/wet ton, up 12 yuan; the price of Hebei quasi - first - grade metallurgical coke was 1,590 yuan/ton, up 50 yuan. The price of 6 - 8mm scrap steel in Tangshan was 2,230 yuan/ton, unchanged. The price of Hebei Q235 billet was 2,980 yuan/ton, up 20 yuan. The 45 - port iron ore inventory was 144.2065 million tons, up 1.3895 million tons. The sample coking plant coke inventory was 373,700 tons, down 1,200 tons. The sample steel mill coke inventory was 6.3327 million tons, down 60,000 tons. The 247 - steel - mill blast furnace开工率 was 84.73%, down 1.23 percentage points; the blast furnace capacity utilization rate was 89.92%, down 0.39 percentage points. The Tangshan billet inventory was 1.2873 million tons, up 4,800 tons [2]. 3.4 Industry Situation - The sample steel mill rebar output was 2.0707 million tons, up 59,100 tons; the rebar capacity utilization rate was 45.39%, up 1.29 percentage points. The sample steel mill rebar inventory was 1.8463 million tons, down 100 tons; the 35 - city rebar social inventory was 4.3748 million tons, down 189,300 tons. The independent electric arc furnace steel mill开工率 was 67.71%, unchanged. The domestic crude steel output was 73.49 million tons, down 3.88 million tons. The Chinese rebar monthly output was 1.541 million tons, up 66,000 tons. The steel net export volume was 992,000 tons, up 91,000 tons [2]. 3.5 Downstream Situation - The national real estate climate index was 92.78, down 0.27. The cumulative year - on - year growth rate of fixed - asset investment was - 0.50%, down 1.00 percentage points. The cumulative year - on - year growth rate of real estate development investment was - 13.90%, down 1.00 percentage points. The cumulative year - on - year growth rate of infrastructure construction investment was 1.10%, down 0.90 percentage points. The cumulative value of housing construction area was 6.4858 billion square meters, down 54.71 million square meters. The cumulative value of new housing construction area was 453.99 million square meters, down 55.98 million square meters. The commercial housing unsold area was 39.937 million square meters, up 2.92 million square meters [2]. 3.6 Industry News - From January to September, the total profit of industrial enterprises above designated size in the country was 5.3732 trillion yuan, a year - on - year increase of 3.2%. The total profit of the ferrous metal smelting and rolling processing industry was 97.34 billion yuan. The Ministry of Industry and Information Technology solicited public opinions on the "Implementation Measures for Capacity Replacement in the Iron and Steel Industry (Draft for Comment)", stating that in key areas, the total steel production capacity should not be increased, and the transfer of steel production capacity from non - key areas to key areas and between different key areas is prohibited. The capacity replacement ratio for ironmaking and steelmaking in each province (autonomous region, municipality) should not be less than 1.5:1 [2]