2026 年 1 月 13 日 | | 项 目 | | | 价 格 | 较前一交易日 | 单 位 | | --- | --- | --- | --- | --- | --- | --- | | 货 | 硅 铁:FeSi7 | 5-B:汇总价格:内 | 蒙 | 5350 | +50.0 | 元/吨 | | 现 | 硅 锰:FeMn6 | 5S i1 7:内 蒙 | | 5700 | - | 元/吨 | | | 锰 矿:M n4 4块 | | | 43.0 | - | 元/吨 度 | | | 兰 炭:小 料:神 | 木 | | 760 | - | 元/吨 | | | 期现价差 | 硅 铁 | （现 货-0 3期 货） | -348 | -16 | 元/吨 | | | | 锰 硅 | （现 货-0 3期 货） | -230 | -26 | 元/吨 | | 价 差 | 近远月价差 | 硅 | 铁2603-2605 | 2 4 | 4 | 元/吨 | | | | 锰 | 硅2603-2605 | -12 | 1 0 | 元/吨 | | | 跨品种价差 | 锰 | 硅2603-硅 铁2603 | 232 | -40 | ...

热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 白糖：商品总体偏强提振市场情绪 （张笑金，从业资格号：F0306200；交易咨询资格号：Z0000082） 1、原糖：本周原糖期价延续震荡。消息方面，2025/26榨季截至1月7日，泰国累计甘蔗入榨量为 1697.82万吨， 较去年同期的2274.32万吨减少576.5万吨，降幅25.35%；甘蔗含糖分11.54%，较去年同 期的11.62%减少0.08%； 产糖率为9.017%，较去年同期的9.226%，减少0.209%；产糖量为153.09万吨， 较去年同期的209.82万吨减少 56.73万吨，降幅27.03%。 2、国内现货：广西制糖集团报价5320~5380元/吨；云南制糖集团报价5140~5230元/吨。配额内进口估 算价 4020~4080元/吨；配额外进口估算价5100~5160元/吨。 3、原糖小结：泰国压榨持续推进，入榨甘蔗量、产糖率、产糖量同比均有不同程度的回落，1月进入泰 国压榨高峰期，后期产量数据更具代表性，可重点关注1月中下旬的产量情况。印度方面目前原糖价格 仍难以实现出口。总的来看，现在原糖市场仍较为平淡，增产格局 ...

假如有一天,大学录取制度发生了变化。大学不再按分数录取,而是改成先到先得。想象一下,招生简章一 出,家长们立刻拉着孩子连夜去各个大学门口排队。谁排得早,谁就能进好大学。下一年的家长,就等不及 招生简章出来了,已经早早在校门口支起帐篷。依此类推,最终很有可能出现的场景是,刚刚进大学的同学 们,已经在为几十年后的孙辈们排队占位了。 为了避免这种乱象,你提出了一种新的方式:大家不必提前排队,而是在网上报名。等系统开放的时候,一 千万考生同时上线抢号,不论成绩如何,谁的网速快、手指灵敏,谁就能抢到最好的大学。 传统经济学通常聚焦于价格机制的作用,而诺贝尔经济学奖得主、现代市场设计学派奠基人埃尔文·E.罗 斯在其著作《匹配:谁能得到什么,以及为什么》中指出,市场远不只是价格。现实中,市场的设计决定了 人们能否实现各自的目标。评价一个市场的优劣,并非看它是否抽象地达成供需均衡,而在于它能否稳 定、可靠且公平地完成匹配。教育经济学者叶晓阳在译者序中,将前沿经济学理论与日常生活紧密相连, 以专业视角引导读者深入思考身边的"匹配市场"。 □叶晓阳 高考录取的匹配效率 现实的大学录取当然不会这样操作,因为"太早"或者"太快"都难 ...

转自：新华财经 地缘扰动再起，国际油价强势大涨，带动内盘原油系相关品种9日集体走高，其中，低硫燃料油和SC原油主力合约均涨超3%，燃料油主力合约涨超2%。虽 然委内瑞拉事件对原油影响相对较小，但近期伊朗局势动荡，市场担忧可能会阶段性影响原油生产与出口。消息面上，美国总统特朗普8日再次就伊朗骚乱 事件发出威胁， 也强化了地缘局势的不确定性。据正信期货分析，地缘多点突发且不确定性加强，委内瑞拉更多以远期过剩计价，而伊朗则更聚焦供应中 断，油价跌至支撑位后再度反弹，短期波动较大。中期来看，该机构指出，原油市场仍聚焦过剩矛盾，首先美国旨在接手委内瑞拉油田来扩大出口，其次不 排除油价上涨后欧佩克继续加速增产，最后俄乌冲突若缓和后的海上高库存问题尚未解决。 政策预期生变多晶硅续跌超8% 沪镍延续调整 在市场监管总局通报多晶硅垄断风险的背景下，市场对多晶硅回到边际成本定价模式的预期升温，这令多晶硅市场近两个交易日情绪急速转弱。在1月8日多 合约跌停之后，9月多晶硅主力合约再度大跌超8%，继续领跌商品市场。在分析机构看来，监管导向的变化使得市场对未来多晶硅产能出清路径的预期从之 前的"产业、组织间协调"，转向"以技术迭代的市 ...

关注微信公众号 | 铁矿石产业期现日报 | | | | | | | --- | --- | --- | --- | --- | --- | | 投资咨询业务资格:证监许可 [2011] 1292号 2026年1月8日 | | | | 徐艺丹 Z0020017 | | | 铁矿石相关价格及价差 品种 | 现值 | 前值 | 涨跌 | 涨跌幅 | 单位 | | 仓单成本:卡粉 | 890.4 | 870.8 | 19.6 | 2.3% | | | 仓单成本:PB粉 | | 867.7 | 24.2 | | | | | 6 168 | | | 2.8% | | | 仓单成本:巴混粉 | 892.8 | 869.0 | 23.8 | 2.7% | | | 仓单成本:金布巴粉 | 928.6 | 904.7 | 23.9 | 2.6% | | | 05合约基差:卡粉 | 62.4 | 69.8 | -7.4 | -10.6% | 元/肥 | | 05合约基差:PB粉 | 63.9 | 66.7 | -2.8 | -4.2% | | | 05合约基差:巴混粉 | 64.8 | 68.0 | -3.2 | -4.7% | ...

转自：新华财经 新华财经北京1月7日电（吴郑思、郭洲洋） 在金属板块持续走强的带动下，国内商品期货市场多头情绪蔓延。1月7日，化工、钢铁等其他商品板块大面积 开启补涨。截至收盘时，中证商品期货价格指数收报1630.09点，较前一交易日上涨20.20点，涨幅1.25%；中证商品期货指数收报2249.33点，较前一交易日 上涨27.87点，涨幅1.25%。 分品种来看，日内金属板块虽整体依然表现强势，但部分金属高位压力显现。截至收盘，主要工业金属普涨，其中镍强势封板涨停，锡则大涨超5%，但铜 在刷新历史新高后回落，终盘涨幅仅不足0.2%。贵金属同样出现获利了结的迹象，沪金尾盘更是温和收跌。相比之下，能化、钢铁等前期持续走弱的板块 日内强势反弹。其中双焦、不锈钢收盘涨停，纯碱盘中触及涨停，玻璃涨超6%，铁矿、烧碱、氧化铝等收盘涨幅也均在4%以上。 原油市场的走势更反映出短期过剩仍主导油价整体态势。尽管市场此前对地缘局势紧张可能冲击油市供应的担忧较为普遍，但从实际情况来看，一方面多艘 油轮突破美封锁离开委内瑞拉水域，另一方面，特朗普隔夜表示将从委内瑞拉运走数千万桶石油，这都令短期市场对油市过剩的担忧升温。目前普遍的分 ...

Report Industry Investment Rating - Not provided in the content Core Viewpoints - Steel prices are affected by the warm commodity market but constrained by the weak reality. They are supported by costs but suppressed by weakening demand and possible tightening of export expectations, and are expected to maintain a volatile trend [3] - The iron ore market has a neutral fundamental situation. High supply and rigid demand are in balance, and prices are expected to move in a volatile manner [22] - For coal and coke, the import pressure in January may ease. The price of coking coal may rebound if the resumption of domestic mines falls short of expectations. The supply - demand structure of coke may improve if the iron - making production of downstream steel mills increases rapidly [33] - Ferroalloy prices may be suppressed by corporate hedging when they rebound to a certain level, but the downside is limited due to cost support [48] - The over - supply expectation of soda ash is intensifying, and the demand expectation is weakening. High inventory restricts the price [63] - For glass, the cold - repair of production lines before the Spring Festival may affect long - term pricing, and the high inventory in the middle reaches needs to be digested [86] Summary by Related Catalogs Steel - **Futures Prices and Spreads**: On December 31, 2025, the closing prices of rebar and hot - rolled coil contracts changed compared to the previous day. For example, the rebar 01 contract closed at 3100 yuan/ton (down 13 yuan from the previous day), and the hot - rolled coil 01 contract closed at 3221 yuan/ton (down 56 yuan from the previous day). The month - to - month spreads also showed changes [4] - **Spot Prices and Basis**: The spot prices of rebar and hot - rolled coil in different regions had slight fluctuations. The basis of rebar and hot - rolled coil in different contracts and regions also changed. For example, the 01 rebar basis (Shanghai) was 200 yuan/ton on December 31, 2025, up 13 yuan from the previous day [9][11] - **Other Ratios**: The volume - screw difference, rebar - iron ore ratio, and rebar - coke ratio were relatively stable on December 31, 2025, compared to the previous day [15][19] Iron Ore - **Price Data**: On December 31, 2025, the closing prices of iron ore contracts showed small changes. For example, the 01 contract closed at 805 yuan/ton (down 4 yuan from the previous day). The basis of different contracts also changed [23] - **Fundamental Data**: As of December 26, 2025, the daily average pig iron production was 226.58 tons (up 0.03 tons week - on - week), the 45 - port desilting volume was 315.06 tons (up 1.61 tons week - on - week), and the 45 - port inventory was 15858.66 tons (up 346.03 tons week - on - week) [27] Coal and Coke - **Futures Spreads and Ratios**: On December 31, 2025, the month - to - month spreads of coking coal and coke contracts changed. The coking profit on the disk decreased, and the ratios of ore - coke, screw - coke, and carbon - coal also changed [36] - **Spot Prices and Profits**: The spot prices of coking coal and coke in different regions were relatively stable. The import profits of different types of coal and the export profit of coke showed some fluctuations [39] Ferroalloy - **Silicon Iron**: On December 31, 2025, the basis of silicon iron in Ningxia was - 22 yuan/ton (up 78 yuan from the previous day), and the month - to - month spreads also changed. The spot prices in different regions were stable or had small increases [49] - **Silicon Manganese**: The basis of silicon manganese in Inner Mongolia was 80 yuan/ton (up 22 yuan from the previous day). The month - to - month spreads and spot prices in different regions also changed [50][52] Soda Ash - **Futures Prices and Spreads**: On December 31, 2025, the closing prices of soda ash contracts decreased. The month - to - month spreads changed significantly. For example, the month - to - month spread (9 - 1) increased by 25 yuan, with a growth rate of 17.61% [64] - **Spot Prices**: The spot prices of heavy and light soda ash in different regions were relatively stable, with only slight changes in some regions [64] Glass - **Futures Prices and Spreads**: On December 31, 2025, the closing prices of glass contracts were basically unchanged. The month - to - month spreads and basis in different regions changed slightly [87] - **Sales and Production**: The daily sales - to - production ratios in different regions of glass showed fluctuations. For example, the sales - to - production ratio in Shahe on December 26, 2025, was 105 [88]

U.S. stocks traded lower this morning, with the Dow Jones index falling more than 50 points on Tuesday.Following the market opening Tuesday, the Dow traded down 0.15% to 48,388.22 while the NASDAQ slipped 0.13% to 23,443.02. The S&P 500 also fell, dropping, 0.09% to 6,899.74.Check This Out: AAR Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street’s Most Accurate AnalystsLeading and Lagging SectorsEnergy shares rose by 0.7% on Tuesday.In trading on Tuesday, consumer discretionary stoc ...

U.S. stocks traded higher midway through trading, with the Dow Jones index surging more than 200 points on Wednesday.the Dow traded up 0.48% to 48,673.55 while the NASDAQ rose 0.09% to 23,582.81. The S&P 500 also rose, gaining, 0.25% to 6,927.29.Check This Out: S&P 500 Hits Record Close: Investor Sentiment Improves Further, Fear Index Remains In ‘Greed’ ZoneLeading and Lagging SectorsConsumer staples shares rose by 0.7% on Wednesday.In trading on Wednesday, communication services stocks fell by 0.1%.Top Hea ...

Market Overview - The A-share market is experiencing limited incremental growth, characterized by stockholder competition as year-end approaches, leading to a seasonal tightening of market liquidity and a tendency for investors to lock in profits, resulting in a potential lack of new funds [3][5] - The overall market is entering a phase of adjustment and consolidation, although it remains in a bull market, suggesting that any temporary corrections may present good investment opportunities [5][6] Equity Market Factors - Last week, market style shifted towards small-cap stocks, while the growth style was favored over value [7][9] - The volatility of small-cap stocks decreased, while the volatility of growth stocks increased [9] - The dispersion of excess returns among industries decreased, and the speed of industry rotation slowed down, with a lower proportion of rising constituent stocks [7][9] - The trading concentration increased, with the top 100 stocks accounting for a higher proportion of trading volume, while the top 5 industries saw a decrease in their trading volume share [7][9] - Market activity decreased, as indicated by lower market volatility and turnover rates [8][9] Commodity Market Factors - In the commodity market, the trend strength of various sectors increased, particularly in precious metals and non-ferrous sectors [25][26] - The basis momentum in the energy and chemical sector increased, while it decreased in other sectors [26] - Volatility levels rose in all sectors except for energy and chemicals, with precious metals maintaining high volatility [25][26] - Liquidity in the black sector decreased, while other sectors saw a slight increase [25][26] Options Market Factors - The implied volatility of the SSE 50 and CSI 1000 indices further declined, reaching historical low levels, closely approaching historical volatility [28] - The skewness of put options for the SSE 50 decreased, while it increased for the CSI 1000, indicating that market adjustments may begin with a divergence in market capitalization styles [28] Convertible Bond Market Factors - The convertible bond market exhibited low volatility and oscillation last week [33] - The premium rate for bonds convertible at 100 remained high with little change, while the premium rate for debt-type bonds decreased [33] - The proportion of low premium convertible bonds declined again, remaining at a low level, with trading volume maintaining near the historical median for the past year [33]