瑞达期货研究院 「2026.1.16」 作者：廖宏斌 业务咨询 目录 1、本周小结及下周 配置建议 2、重要新闻及事件 3、本周国内外经济 数据 4、下周重要经济指 标及经济大事 「本周小结及下周配置建议」 宏观市场周报 关 注 我 们 获 取 更 多 资 讯 期货投资咨询证号：Z0020723 联系电话：4008-8787-66 添加客服 | 股票 | 债券 | | | --- | --- | --- | | | 沪深 300 -0.57% | 10 年国债到期收益率-0.17%/本周变动-0.33BP | | | 沪深 300 股指期货 -0.35% | 主力 10 年期国债期货 +0.27% | | | 本周点评：A股主要指数本周普遍上涨，除上证指数下 | 本周点评：本周国债期货集体走强，央行开展结构性降 | | | 跌外，其余指数均有不同程度上涨。四期指亦表现分化， | 息将激励并引导商业银行将信贷资源精准投放国家重点 | | | 中小盘股强于大盘蓝筹股。周一公布的12月通胀数据 | 领域及薄弱环节，实现货币政策"精准滴灌"，并服务 | | | 进一步修复带动市场上行；周三公布的进出口数据显示， | ...

Market Overview - The diversified financial sector experienced a decline of 1.09% on January 16, with Aijian Group leading the drop [1] - The Shanghai Composite Index closed at 4101.91, down 0.26%, while the Shenzhen Component Index closed at 14281.08, down 0.18% [1] Stock Performance - Jiuding Investment (600053) saw a significant increase of 10.00%, closing at 23.10 with a trading volume of 227,700 shares and a turnover of 503 million yuan [1] - ST Rendo (002647) rose by 4.99% to close at 9.46, with a trading volume of 229,800 shares and a turnover of 215 million yuan [1] - Guowang Yingda (600517) increased by 3.13% to 6.58, with a trading volume of 1,221,400 shares and a turnover of 820 million yuan [1] - Aijian Group (600643) fell by 7.75% to 5.12, with a trading volume of 509,300 shares and a turnover of 267 million yuan [2] - Lakala (300773) decreased by 5.37% to 28.56, with a trading volume of 1,018,900 shares and a turnover of 2.978 billion yuan [2] Capital Flow - The diversified financial sector saw a net outflow of 792 million yuan from main funds, while retail investors contributed a net inflow of 466 million yuan [2] - The main funds showed a net inflow in Jiuding Investment of 62.62 million yuan, while Guowang Yingda had a net inflow of 53.86 million yuan [3] - ST Rendo experienced a net inflow of 34.81 million yuan from main funds, but also saw significant outflows from retail investors [3]

Group 1 - The core viewpoint of the articles indicates that the domestic futures market for non-ferrous metals is experiencing a decline, while polysilicon futures show a significant upward trend, with the main contract reported at 50,105.0 yuan/ton, marking a substantial increase of 2.31% [1] Group 2 - In the spot market, the price of N-type polysilicon material has dropped to 54,750 yuan/ton, with the lowest delivery price also at 54,750 yuan/ton, leading to a spot premium increase to 6,080 yuan/ton [2] - Supply concerns arise as a leading polysilicon manufacturer may implement production cuts or suspensions until May, which could alleviate supply pressure if realized [2] - Demand analysis suggests that global photovoltaic new installations are expected to decline to 428 GW in 2026, a year-on-year decrease of 17%, with the Chinese market projected to only reach 190 GW, reflecting a significant drop of 36% [2] - The industry anticipates that weak terminal demand will suppress the incremental demand for polysilicon significantly [2] - Looking ahead, short-term price support is expected between 46,000 to 48,000 yuan/ton, with ongoing policy risks affecting the market direction, leading to a forecast of price fluctuations within the range of 47,000 to 50,000 yuan/ton [2]

Group 1 - The domestic futures market for energy chemicals showed a significant decline, with liquefied petroleum gas (LPG) futures main contract opening at 4203.00 CNY/ton and experiencing a drop of approximately 2.71% [1] - The highest price for LPG futures reached 4208.00 CNY/ton, while the lowest was 4115.00 CNY/ton during the trading session [1] Group 2 - Petrobras (Brazilian National Oil Company) projected a total oil and gas production of 2.99 million barrels of oil equivalent per day by 2025, exceeding its targets [2] - The Russian Ministry of Finance reported that the country's budget received 8.48 trillion rubles (approximately 108 billion USD) in oil and gas tax revenue last year, marking a 24% decrease from 2024 and the lowest level since 2020 [2] - The EIA reported that as of January 9, the total U.S. natural gas inventory was 31,850 billion cubic feet, a decrease of 710 billion cubic feet from the previous week, but an increase of 330 billion cubic feet year-on-year, reflecting a 1.0% increase [2] Group 3 - Market outlook for LPG futures indicates a bearish trend, with supply exceeding demand, leading to a downward price adjustment expected [3] - Zhonghui Futures noted that the cost side of oil prices has increased uncertainty in the short term, while the overall market sentiment remains bearish [3] - Ruida Futures highlighted that short-term supply and demand pressures are manageable, but volatility due to geopolitical tensions, particularly the U.S.-Iran conflict, is expected to result in wide fluctuations in LPG prices [3]

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 重要内容提示： 1、最后转股日：2026年1月16日 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002961 证券简称：瑞达期货 公告编号：2026-012 债券代码：128116 债券简称：瑞达转债 瑞达期货股份有限公司关于提前赎回"瑞达转债"暨最后一个转股日的重要提示性公告 特别提示： 1、赎回价格：101.118元/张（含当期应计利息，当期年利率为2.00%，且当期利息含税），扣税后的赎 回价格以中国证券登记结算有限责任公司深圳分公司（以下简称"中登公司"）核准的价格为准。 10、最后一个交易日可转债简称：Z达转债 2026年1月16日是"瑞达转债"最后一个转股日，当日收市前，持有"瑞达转债"的投资者仍可进行转股； 2026年1月16日收市后，未转股的"瑞达转债"将停止转股。 2、截至2026年1月15日收市后，距离"瑞达转债"停止转股并赎回仅剩1个交易日。特提醒"瑞达转债"持 有人务必仔细阅读本公告，充分了解相关风险，注意最后转股时间，审慎作出投资决策。 11、根据安排，截至2026年1 ...

（文章来源：证券日报） 证券日报网讯 1月15日，瑞达期货发布公告称，"瑞达转债"将以101.118元/张全部赎回，赎回条件满足 日2025年12月24日，赎回登记日2026年1月16日，赎回日2026年1月19日；1月16日为最后转股日，未转 股部分将被强制赎回。 ...

格隆汇1月15日丨瑞达期货(002961.SZ)在互动平台表示，公司暂无涉及AI应用方面的业务。 ...

格隆汇1月15日丨瑞达期货(002961.SZ)在互动平台表示，公司暂无涉及AI应用方面的业务。 ...

免责声明 | | | | 集运指数（欧线）期货日报 | | | 2026/1/15 | | --- | --- | --- | --- | --- | --- | --- | | 项目类别 | 数据指标 最新 | 最新 | 环比 | 数据指标 | | 环比 | | EC主力收盘价 | 1421.8 | 1202.700 | | -0.9↓ EC次主力收盘价 | | +19.70↑ | | 期货盘面 | EC2604-EC2606价差 -25.50↓ EC2604-EC2608价差 | -219.10 | | | -322.20 | -20.10↓ | | EC合约基差 | | 753.69 | +27.80↑ | | | | | 期货持仓头寸（手） EC主力持仓量 | | 40832 | 788↑ | | | | | SCFIS（欧线）（周） | 160.56↑ SCFIS（美西线）（周） | 1956.39 | | | 1,323.98 | 73.86↑ | | | 1,227.97 SCFI（综合指数）（周） 8.93↑ 集装箱船运力（万标准箱） | 1656.32 | | | | 0.00↑ | | 现 ...

国债期货日报 2026/1/15 | 项目类别 | 数据指标 | 最新 | 环比 项目 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货盘面 | T主力收盘价 | 108.035 | 0.11% T主力成交量 | 84852 | 7847↑ | | | TF主力收盘价 | 105.760 | 0.09% TF主力成交量 | 72208 | 11622↑ | | | TS主力收盘价 | 102.376 | 0.04% TS主力成交量 | 38533 | 8692↑ | | | TL主力收盘价 | 111.190 | -0.08% TL主力成交量 | 102913 | -54372↓ | | 期货价差 | TL2603-2606价差 | -0.16 | -0.05↓ T03-TL03价差 | -3.16 | 0.18↑ | | | T2603-2606价差 | 0.09 | +0.02↑ TF03-T03价差 | -2.27 | 0.00↑ | | | TF2603-2606价差 | 0.00 | -0.01↓ TS03-T03价差 | -5.66 | ...