Group 1: Report Overview - The report is a weekly report on rebar and iron ore futures from January 26th to January 30th, 2026 [1][2] Group 2: Rebar Futures Analysis 2.1 Mid - term Market Analysis - The main contract of rebar futures is in a sideways consolidation range of 2882 - 3330. The weekly output is 2 million tons, the apparent consumption is 1.85 million tons, the inventory of major steel mills is 1.48 million tons, and the social inventory is 4.88 million tons. The market attention has slightly declined. A grid trading strategy is recommended with an antenna of 3330, a ground line of 2882, a grid spacing of 32, and 14 grid numbers [7] 2.2 Trading Strategy - Last week, the main contract of rebar futures entered an oscillatory consolidation range. This week, a large - grid trading strategy can be considered. For spot enterprises, it is recommended to wait and see until a new mid - term trend becomes clear [10][11][12] 2.3 Related Data - The data sources of the report are Wind, Mysteel, and the trading consultation department of Great Wall Futures [15][20][28] Group 3: Iron Ore Futures Analysis 3.1 Mid - term Market Analysis - The main contract of iron ore futures is in the fourth week of an oscillatory recovery phase. The global shipment volume last week was 29.29 million tons, the arrival volume at 45 major Chinese ports was 26.59 million tons, the inventory of steel enterprises was 93.88 million tons, and the inventory at domestic major ports was 167.66 million tons. The mid - term trend is in a red ladder channel. Steel production enterprises can consider a long - hedging strategy [34] 3.2 Trading Strategy - Last week, the mid - term price of iron ore was in the third week of the red ladder channel. This week, steel production and downstream demand enterprises can consider implementing a long - hedging strategy in steps at a 30% ratio [37] 3.3 Related Data - The data sources of the report are Wind, Mysteel, and the trading consultation department of Great Wall Futures [50]

Group 1 - The report outlines a grid trading strategy, which is essentially a high buy-low sell trading approach that capitalizes on price fluctuations without predicting market trends, making it suitable for volatile markets [3][13] - The characteristics of suitable grid trading targets include selecting on-market assets, stable long-term trends, low transaction costs, good liquidity, and high volatility, with equity ETFs being identified as appropriate for this strategy [3][13] - The report highlights key ETFs for grid trading, including the Hong Kong Stock Connect 50 ETF, which focuses on core leading stocks in Hong Kong, benefiting from significant net inflows from southbound funds, which reached 1,404.84 billion HKD in 2025, a 73.89% increase from 2024 [3][14] Group 2 - The report discusses the Hang Seng Pharmaceutical ETF, which benefits from the Federal Reserve's interest rate cuts that improve the financing environment for innovative drugs, with China's new drug pipeline accounting for about 30% of the global total [4][17] - The report mentions the Film and Television ETF, which is expected to see a boost in market expectations due to the upcoming Spring Festival, alongside government policies promoting high-quality development in cultural consumption [5][19] - The Securities and Insurance ETF is highlighted as benefiting from high market activity and relaxed restrictions on insurance capital entering the market, with a record trading volume of 3.12 trillion RMB on January 9, 2026 [7][22]

Group 1: Grid Trading Strategy Overview - The essence of "grid trading" is a high buy low sell strategy, which does not predict market trends but utilizes natural price fluctuations within a certain range to generate profits, suitable for frequently fluctuating markets [4][13] - Characteristics of suitable grid trading targets include: selecting on-market targets, stable long-term trends, low trading costs, good liquidity, and high volatility. Equity ETFs are considered relatively suitable for grid trading [4][13] Group 2: ETF Grid Strategy Target Analysis - **Hang Seng Medicine ETF (159892.SZ)**: Benefiting from the Federal Reserve's interest rate cut cycle, which improves the financing environment for innovative drugs. China's innovative drugs are accelerating their globalization, becoming a core driver for commercialization. As of January 4, 2026, China's new drug pipeline accounts for about 30% of the global total, ranking second worldwide. In 2025, 76 innovative drugs were approved for marketing in China, with domestic innovative drugs accounting for 80.85% of chemical drugs and 91.30% of biological products [4][14] - **Brokerage ETF (159842.SZ)**: High market activity catalyzes the release of brokerage performance, with capital market reforms opening up long-term growth space for leading brokerages. The Shanghai Composite Index rose from a low of 3040 points to break through 4000 points, with an annual increase of 18.41%. The total A-share trading volume reached 420.21 trillion yuan, a year-on-year increase of 62.64% [5][17] - **New Economy ETF (159822.SZ)**: A one-stop layout for high-quality new economy leading enterprises in China, capturing the key to economic transformation. The ETF indirectly tracks the S&P China New Economy Industry Index, holding leading companies in artificial intelligence, internet, biotechnology, and innovative drugs, which are high-growth sectors [6][19] - **Coal ETF (515220.SH)**: Benefiting from the "anti-involution" policy and dividend investment logic. The central economic work conference in December 2025 identified "deepening the rectification of 'involutionary' competition" as a key task for 2026, which is expected to control new capacity and improve the coal industry's supply-demand fundamentals. As of January 13, 2026, the coal sector's dividend yield reached 5.52%, significantly higher than the market average and the yield on ten-year government bonds [7][22]

Group 1: Grid Trading Strategy Overview - The essence of "grid trading" is a high buy low sell strategy, which does not predict market trends but utilizes natural price fluctuations to generate profits, suitable for frequently fluctuating markets [3][13] - Characteristics of suitable grid trading targets include: selecting on-market targets, stable long-term trends, low trading costs, good liquidity, and high volatility, with equity ETFs being relatively suitable for grid trading [3][13] Group 2: ETF Grid Strategy Target Analysis - **Game ETF (159869.SZ)**: The normalization of domestic game license issuance has reached a seven-year high, with 1771 licenses issued in 2025, over 20% growth from 2024. The overseas market for Chinese games saw a revenue of $9.501 billion in the first half of 2025, a year-on-year increase of 11.07%, indicating strong overseas growth potential [4][14] - **Securities ETF Leader (159993.SZ)**: The high market activity has catalyzed the performance release of brokerage firms, with the A-share market achieving a record trading volume of 420.21 trillion yuan in 2025, a 62.64% year-on-year increase. The financing balance reached 25,385.25 billion yuan, up 36.91% from the end of 2024, indicating significant performance improvement in the securities industry [4][17] - **Asia-Pacific Selected ETF (159687.SZ)**: The Asia-Pacific region is characterized by high growth and structural transformation, with an expected economic growth rate of 5.1% in 2025, contributing about 60% of global economic growth. The region is embracing green and digital revolutions, transitioning from a "world factory" to a "main engine" of global economic growth [4][6][19] - **Dividend Quality ETF (159758.SZ)**: This ETF balances cash dividend capability and profit growth quality, with policies promoting regular dividends and encouraging long-term capital inflows, enhancing the investment value of high-dividend assets [4][7][20]

2025.12.29-12.31 螺纹钢、铁矿石 期货品种周报 01 P A R T 螺纹钢期货 Contents 01 中线行情分析 02 品种交易策略 03 相关数据情况 目录 整理阶段可考虑网格交易策略，系统策略建议：天线3330，地线 2882，网格间距32，网格数量14。 中线策略建议 3 品种交易策略 上周策略回顾 中线行情分析 根据长城期货AI智能大数据量化策略模型综合分析，螺纹钢期货主 力合约运行于2882至3330的横盘整理区间。 中线趋势判断 1 趋势判断逻辑 螺纹钢周度产量186万吨，表观消费量218万吨，主要钢厂库存142万 吨，社会库存545万吨。长城期货AI智能投询品种诊断报告显示螺纹钢 期货主力合约运行于横盘整理区间。 2 螺纹钢期货主力合约进入震荡整理区间。 本周策略建议 根据长城期货AI智能大数据量化策略模型，螺纹钢期货主力 合约进入横盘整理区间，可考虑实施大网格交易策略。 现货企业套期保值建议 整理阶段建议观望等待新一轮中线趋势明朗。 相关数据情况 本报告数据来源为Wind、Mysteel、长城期货交易咨询部 相关数据情况 本报告数据来源为Wind、Mysteel、长城期货 ...

Group 1 - The report outlines a grid trading strategy that capitalizes on price fluctuations rather than predicting market trends, making it suitable for volatile markets [4][13] - Characteristics of suitable grid trading targets include being exchange-traded, having stable long-term trends, low transaction costs, good liquidity, and high volatility, with equity ETFs being particularly appropriate [4][13] Group 2 - The report highlights key ETFs for grid trading, including the Robot ETF (159770.SZ), which is expected to benefit from a confluence of policy support, technological advancements, and increasing demand, projecting a significant growth year in 2025 [4][14] - The Central Enterprise Technology ETF (560170.SH) focuses on state-owned enterprises in core technology sectors, aligning with national strategies for technological self-reliance and modernization [5][17] - The Securities ETF Leader (159993.SZ) indicates growth potential for leading brokerage firms, supported by improved market conditions and ongoing capital market reforms, with a reported 62.48% year-on-year increase in net profit for the sector [6][20] - The Hong Kong Central Enterprise Dividend ETF (513910.SH) emphasizes high dividend yields, which are expected to gain traction in a low-interest-rate environment, supported by government policies promoting shareholder returns [7][23]

2025.12.22-12.26 螺纹钢、铁矿石 期货品种周报 01 P A R T 螺纹钢期货 Contents 01 中线行情分析 02 品种交易策略 03 相关数据情况 目录 中线行情分析 整理阶段可考虑网格交易策略，系统策略建议：天线3330，地线 2882，网格间距32，网格数量14。 中线策略建议 3 螺纹钢期货主力合约进入震荡整理区间。 本周策略建议 品种交易策略 上周策略回顾 根据长城期货AI智能大数据量化策略模型综合分析，螺纹钢期货主 力合约运行于2882至3330的横盘整理区间。 中线趋势判断 1 趋势判断逻辑 螺纹钢周度产量183万吨，表观消费量216万吨，主要钢厂库存142万 吨，社会库存547万吨。长城期货AI智能投询品种诊断报告显示螺纹钢 期货主力合约运行于横盘整理区间。 2 根据长城期货AI智能大数据量化策略模型，螺纹钢期货主力 合约进入横盘整理区间，可考虑实施大网格交易策略。 现货企业套期保值建议 整理阶段建议观望等待新一轮中线趋势明朗。 相关数据情况 本报告数据来源为Wind、Mysteel、长城期货交易咨询部 相关数据情况 本报告数据来源为Wind、Mysteel、长城期货 ...

Group 1: Overview of Grid Trading Strategy - The grid trading strategy is essentially a high buy low sell trading approach, focusing on price fluctuations rather than predicting market trends, making it suitable for volatile markets [3][12] - Characteristics of suitable grid trading targets include: selecting on-market targets, stable long-term trends, low transaction costs, good liquidity, and high volatility, with equity ETFs being particularly appropriate [3][12] Group 2: Analysis of ETF Grid Strategy Targets - The military industry ETF (512710.SH) is expected to benefit from a new round of military procurement driven by the "14th Five-Year Plan" and the upcoming "15th Five-Year Plan," with China's defense budget for 2025 projected at 1.81 trillion yuan, a 7.2% increase year-on-year [3][13] - The Hang Seng Pharmaceutical ETF (159892.SZ) focuses on innovative drugs, with China's pipeline of 7,041 projects, accounting for 29.5% of the global total, and a year-on-year growth of 15.1%, indicating strong development in the pharmaceutical sector [4][16] - The Hong Kong Automotive ETF (520600.SH) is positioned to benefit from the trends of electrification and globalization in the automotive industry, with domestic sales of new energy vehicles reaching 10.929 million units, a 25.7% increase year-on-year, and exports growing by 90.4% [5][18] - The Gaming ETF (159869.SZ) is supported by the normalization of game license approvals, with 1,624 licenses issued from January to November 2025, and overseas sales of Chinese-developed games reaching $9.501 billion, an 11.07% increase year-on-year [6][21]

2025.12.15-12.19 螺纹钢、铁矿石 期货品种周报 01 P A R T 螺纹钢期货 Contents 01 中线行情分析 02 品种交易策略 03 相关数据情况 目录 中线行情分析 根据长城期货AI智能大数据量化策略模型综合分析，螺纹钢期货主 力合约运行于2882至3330的横盘整理区间。 中线趋势判断 1 趋势判断逻辑 螺纹钢周度产量186万吨，表观消费量211万吨，主要钢厂库存145万 吨，社会库存542万吨。长城期货AI智能投询品种诊断报告显示螺纹钢 期货主力合约运行于横盘整理区间。 2 整理阶段可考虑网格交易策略，系统策略建议：天线3330，地线 2882，网格间距32，网格数量14。 中线策略建议 3 品种交易策略 上周策略回顾 本周策略建议 根据长城期货AI智能大数据量化策略模型，螺纹钢期货主力 合约进入横盘整理区间，可考虑实施大网格交易策略。 现货企业套期保值建议 整理阶段建议观望等待新一轮中线趋势明朗。 相关数据情况 本报告数据来源为Wind、Mysteel、长城期货交易咨询部 螺纹钢期货主力合约进入震荡整理区间。 本报告数据来源为Wind、Mysteel、长城期货交易咨询部 相 ...

Group 1 - The report outlines a grid trading strategy that focuses on profiting from price fluctuations rather than predicting market trends, making it suitable for volatile markets [4][13] - Characteristics of suitable grid trading targets include being exchange-traded, having stable long-term trends, low transaction costs, good liquidity, and high volatility, with equity ETFs being particularly appropriate [4][13] - The report highlights key ETFs for grid trading, including the military industry ETF, which is expected to benefit from a new procurement cycle driven by the "14th Five-Year Plan" and a projected defense budget of 1.81 trillion yuan for 2025, a 7.2% increase [4][14] Group 2 - The gaming ETF is noted for its strong growth potential due to the normalization of game license approvals, with 1,624 licenses issued from January to November 2025, significantly surpassing the previous year's total [5][17] - The software ETF is positioned to capture opportunities from domestic software replacement and AI-driven transformations, supported by policies promoting technological self-reliance and innovation [6][20] - The Hang Seng Internet ETF is expected to enhance commercial monetization through AI integration, as major internet companies are increasingly deploying AI products to improve user engagement and service capabilities [7][23]