以下是第一财经对一些重要公告的汇总，供投资者参考。 【品大事】 隆盛科技：拟3.5亿元投建具身智能机器人创新中心项目 3连板中源家居：股票价格短期波动较大 存在非理性炒作风险 中源家居公告，公司股票价格短期波动较大，短期涨幅显著高于同期上证指数，存在非理性炒作风险，可能存在短期涨幅较大后的大幅下跌风险。公司目前 生产经营活动正常，主营业务未发生重大变化，外部经营环境存在较大不确定性。公司不存在应披露而未披露的重大信息，不存在影响公司股票交易价格异 常波动的重大事项。 恒瑞医药：HRS9531注射液临床试验获批准 针对MASH适应症全球暂无同类药物获批上市 恒瑞医药公告称，子公司福建盛迪医药有限公司收到国家药监局核准签发的HRS9531注射液的《药物临床试验批准通知书》，将于近期开展临床试验。 HRS9531注射液是具有全球自主知识产权的新型靶向抑胃肽受体（GIPR）和胰高血糖素样肽-1受体（GLP-1R）的双激动剂，可在体内调节糖脂代谢、抑制 食欲和增强胰岛素敏感性，从而起到改善血糖和减轻体重的效果。对于代谢功能障碍相关脂肪性肝炎（MASH）患者，HRS9531注射液有望通过改善肝脏脂 质堆积、减轻炎症反应及 ...

Core Viewpoint - The company plans to apply for a comprehensive credit facility of up to 15 billion yuan to meet operational needs by 2026, along with various financial activities including foreign exchange trading and financing guarantees [1] Financial Activities - The company intends to conduct foreign exchange trading activities with a limit of up to 1 billion USD [1] - It plans to provide financing guarantees of up to 5 billion yuan and a borrowing limit of 3.5 billion yuan [1] - The company will manage idle funds with a cash management plan not exceeding 500 million yuan [1] Related Transactions - Anticipated related transactions are expected to be no more than 4.299 billion yuan [1] - The company seeks authorization for futures trading up to 1 billion yuan and external donations up to 5 million yuan [1] Corporate Restructuring - The company plans to absorb its wholly-owned subsidiary as part of its restructuring efforts [1] - An estimated investment of 150 million yuan is projected for technological upgrades in 2026 [1] Shareholder Meeting - A temporary shareholder meeting is scheduled for December 29, 2025, to review certain proposals [1] - Some of the proposals will require approval from the shareholders [1]

Report Summary 1. Report Industry Investment Rating No industry investment rating is provided in the report. 2. Core Views - **Nickel**: On December 11, the main nickel futures contract on the Shanghai Futures Exchange fluctuated downward. The spot market trading was weak, and the basis premium widened. The nickel fundamentals are weak with inventory pressure. After the price correction, nickel prices are expected to remain in a low - level oscillation. The recommended trading strategy is to wait and see [1][2]. - **Stainless Steel**: On December 11, the main stainless - steel futures contract fluctuated within a range. The spot market trading was average, and the basis premium widened. Although the cost side is stabilizing, the fundamentals are loose. Stainless - steel prices are expected to oscillate at a low level. The recommended trading strategy is to wait for short - selling opportunities [2]. 3. Summary by Related Catalogs Nickel Market - **Futures Prices**: The closing prices of Shanghai nickel futures contracts (near - month, consecutive - one, consecutive - two, consecutive - three) decreased compared to the previous day. For example, the near - month contract closed at 115,400 yuan/ton, down 750 yuan [2]. - **Trading Volume and Open Interest**: The trading volume of Shanghai nickel futures was 120,019 lots, a decrease of 13,204 lots. The open interest of the active contract was 106,302 lots, an increase of 3,719 lots [2]. - **Inventory**: The inventory of Shanghai nickel futures decreased by 296 tons to 33,939 tons. The LME registered warehouse receipts decreased by 243,702 tons to 244,494 tons, and the total LME inventory decreased by 240 tons to 253,092 tons [2]. - **Spot Prices**: SMM 1 electrolytic nickel average price was 118,850 yuan/ton, down 300 yuan. The price of 1 Jinchuan nickel was 122,825 yuan/ton, down 250 yuan [2]. - **Supply and Demand**: SMM expects the HPM of Indonesian domestic - trade nickel ore to decline in the second half of December. The supply of nickel ore is sluggish, and the price is flat. In December, domestic nickel - iron production decreased, and Indonesian production also declined. On the demand side, ternary material production decreased, stainless - steel plant production decreased, and alloy and electroplating demand was stable [2]. Stainless - Steel Market - **Futures Prices**: The closing prices of Shanghai stainless - steel futures contracts (near - month, consecutive - one, consecutive - two, consecutive - three) decreased compared to the previous day. For example, the near - month contract closed at 12,260 yuan/ton, down 15 yuan [2]. - **Trading Volume and Open Interest**: The trading volume of Shanghai stainless - steel futures was 69,415 lots, a decrease of 10,516 lots. The open interest was 64,258 lots, a decrease of 7,223 lots [2]. - **Inventory**: The Shanghai stainless - steel futures inventory decreased by 120 tons to 61,378 tons. The 300 - series social inventory last week was 621,000 tons, a decrease of 9,500 tons [2]. - **Spot Prices**: The average price of 304/2B coil - cut edge (Wuxi) was 13,200 yuan/ton, unchanged. The average price of 316L/2B coil (Wuxi) was 23,775 yuan/ton, unchanged [2]. - **Supply and Demand**: In December, stainless - steel production decreased, especially the 300 - series. Terminal demand was weak. The price of high - nickel pig iron increased, and the price of high - carbon ferrochrome was flat [2].

Report Information - Report Title: Synthetic Rubber Morning Report [2] - Research Team: Energy and Chemicals Team of the Research Center [3] - Report Date: December 12, 2025 [3] BR Main Contract Data - **Price**: On November 11, it was 10240; on December 5, 10410; on December 9, 10450; on December 10, 10605; on December 11, 10710, with a daily change of 105 and a weekly change of 300 [4] - **Open Interest**: On November 11, it was 82041; on December 5, 30197; on December 9, 76409; on December 10, 80546; on December 11, 86990, with a daily change of 6444 and a weekly change of 56793 [4] - **Trading Volume**: On November 11, it was 89151; on December 5, 65443; on December 9, 111045; on December 10, 126992; on December 11, 155798, with a daily change of 28806 and a weekly change of 90355 [4] - **Warehouse Receipt Quantity**: On November 11, it was 12610; on December 5, 13320; on December 9, 17320; on December 10, 19020; on December 11, 19320, with a daily change of 300 and a weekly change of 6000 [4] - **Virtual-to-Physical Ratio**: On November 11, it was 32.53; on December 5, 11.34; on December 9, 22.06; on December 10, 21.17; on December 11, 22.51, with a daily change of 1 and a weekly change of 11 [4] - **Butadiene Rubber Basis**: On November 11, it was 160; on December 5, 40; on December 9, 50; on December 10, -22; on December 11, -60, with a daily change of -5 and a weekly change of -100 [4] - **Styrene-Butadiene Rubber Basis**: On November 11, it was 560; on December 5, 540; on December 9, 550; on December 10, 445; on December 11, 490, with a daily change of 45 and a weekly change of -50 [4] BR Basis/Spread/Inter-Variety Data - **02 - 03 Spread**: On November 11, it was -52; on December 5, -30; on December 9, -20; on December 10, -15; on December 11, -20, with a daily change of -5 and a weekly change of 10 [4] - **03 - 04 Spread**: On November 11, it was -50; on December 5, -50; on December 9, -45; on December 10, -12; on December 11, -15, with a daily change of 0 and a weekly change of 35 [4] - **RU - BR Spread**: On November 11, it was 4855; on December 5, 4655; on December 9, 4535; on December 10, 4610; on December 11, 4475, with a daily change of -135 and a weekly change of -180 [4] - **NR - BR Spread**: On November 11, it was 1885; on December 5, 1635; on December 9, 1630; on December 10, 1665; on December 11, 1560, with a daily change of -105 and a weekly change of -75 [4] BR Spot Data - **Shandong Market Price**: On November 11, it was 10400; on December 5, 10450; on December 9, 10500; on December 10, 10550; on December 11, 10650, with a daily change of 100 and a weekly change of 200 [4] - **Chuanhua Market Price**: On November 11, it was 10250; on December 5, 10400; on December 9, 10400; on December 10, 10500; on December 11, 10580, with a daily change of 80 and a weekly change of 180 [4] - **Qilu Ex - factory Price**: On November 11, it was 10200; on December 5, 10600; on December 9, 10600; on December 10, 10600; on December 11, 10600, with a daily change of 0 and a weekly change of 0 [4] - **CFR Northeast Asia**: On November 11, it was 1400; on December 5, 1300; on December 9, 1325; on December 10, 1325; on December 11, 1325, with a daily change of 0 and a weekly change of 25 [4] - **CFR Southeast Asia**: On November 11, it was 1685; on December 5, 1575; on December 9, 1600; on December 10, 1600; on December 11, 1600, with a daily change of 0 and a weekly change of 25 [4] BR Profit Data - **Spot Processing Profit**: On November 11, it was 1086; on December 5, 906; on December 9, 905; on December 10, 802; on December 11, 775, with a daily change of -28 and a weekly change of -132 [4] - **Import Profit**: On November 11, it was -1366; on December 5, -442; on December 9, -579; on December 10, -529; on December 11, -428, with a daily change of 102 and a weekly change of 14 [4] - **Export Profit**: On November 11, it was 2297; on December 5, 1401; on December 9, 1522; on December 10, 1479; on December 11, 1390, with a daily change of -89 and a weekly change of -11 [4] BD Spot Data - **Shandong Market Price**: On November 11, it was 6975; on December 5, 7200; on December 9, 7250; on December 10, 7400; on December 11, 7525, with a daily change of 125 and a weekly change of 325 [4] - **Jiangsu Market Price**: On November 11, it was 6850; on December 5, 7050; on December 9, 7200; on December 10, 7250; on December 11, 7350, with a daily change of 100 and a weekly change of 300 [4] - **Yangzi Ex - factory Price**: On November 11, it was 6900; on December 5, 7100; on December 9, 7200; on December 10, 7200; on December 11, 7200, with a daily change of 0 and a weekly change of 100 [4] - **CFR China**: On November 11, it was 790; on December 5, 850; on December 9, 860; on December 10, 860; on December 11, 860, with a daily change of 0 and a weekly change of 10 [4] BD Profit Data - **Ethylene Cracking Profit**: On November 11, it was -88; on December 5, -64; on December 9, -62; on December 10, -61 [4] - **Carbon - four Extraction Profit**: On November 11, it was -134; on December 5, 172; on December 9, 276; on December 10, 304 [4] - **BD Overall Profit**: On November 11, it was -1824; on December 5, -1764; on December 9, -1614; on December 10, -1634; on December 11, -1534, with a daily change of 100 and a weekly change of 230 [4] - **Import Profit**: On November 11, it was 346; on December 5, 108; on December 9, 186; on December 10, 236; on December 11, 337, with a daily change of 101 and a weekly change of 229 [4] - **Export Profit**: On November 11, it was -982; on December 5, -1192; on December 9, -975; on December 10, -1019; on December 11, -1036, with a daily change of -17 and a weekly change of 156 [4] Other Production Profit Data - **Styrene - Butadiene Rubber Production Profit**: On November 11, it was 1175; on December 5, 1538; on December 9, 1450; on December 10, 1450; on December 11, 1450, with a daily change of 0 and a weekly change of -88 [4] - **ABS Production Profit**: On November 11, it was 56; on December 5, -697 [4] - **SBS Production Profit**: On November 11, it was -90; on December 5, -332; on December 9, -420; on December 10, -420; on December 11, -420, with a daily change of 0 and a weekly change of -82 [4] Data Source - Mysteel, Wind [8]

Report Summary 1. Report Industry Investment Rating - Not mentioned in the provided content 2. Core Viewpoints - The domestic LPG market shows a situation where the internal valuation is relatively high. Although the domestic chemical industry has poor profits, the operating rate remains strong, and there is an expectation of a slight increase in civil demand, providing short - term support. Attention should be paid to winter weather and oil price conditions [1] 3. Summary by Relevant Data and Information Daily Changes - On Thursday, for civil LPG, the price in East China was 4415 (-9), in Shandong was 4400 (+30), and in South China was 4420 (-20). The price of ether - after carbon four was 4570 (+0). The lowest delivery location was Shandong, with a basis of 292 (+164), the 01 - 02 month spread was 68 (-9), and the 03 - 04 month spread was - 237 (-31). As of 21:00, FEI was 527 (-4) and CP was 521 (-3) dollars per ton [1] Weekly Views - The futures market was volatile, with a basis of 143 (+232), the 01 - 02 month spread of 79 (+3), and the 03 - 04 month spread of - 211 (-19). The number of warehouse receipts was 4611 lots (-200). Civil LPG prices rose, and the cheapest delivery product was civil LPG in East China at 4411 (+88). The foreign market FEI declined, while CP and MB increased, and the oil - gas ratio decreased. The internal and external markets weakened, with PG - CP dropping to 100 (-21) and PG - FEI dropping to 79 (-7). The US - Asia arbitrage window opened. The arrival premium for propane in East China was 97 (-2), and the FOB premiums for propane in AFEI, the Middle East, and the United States were 30 (+18.75), 25 (-13), and 43 dollars (+4) respectively. Freight rates declined. The spot profit of PDH weakened, and the futures profit decreased; the alkylation unit improved; the MTBE profit fluctuated. Port inventories decreased (-7%) due to a significant drop in arrivals (-18%) and a slight increase in demand; refinery inventories increased slightly (+0.86%). The PDH operating rate was 70.22% (+0.4pct), the alkylation operating rate was 37.93% (+1pct), and the MTBE operating rate was 71.58% (+0) [1]

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： 消息方面，现货报价方面，广西制糖集团报价区间为5390~5470元/吨，云南制糖集团报价5320~5360元/ 吨，加工糖厂主流报价区间为5700~5900元/吨，报价整体持平。原糖方面，短期看印度及泰国生产进 度，目前看仍处于预期增产范围内，中期看原糖价格能否给出印度出口利润，暂时以震荡筑底对待。国 内随着近期现货价格企稳，盘面近月合约明显止跌，5月也在低位暂时徘徊，短期以震荡对待，中期仍 难言乐观。 棉花： 周四，ICE美棉下跌0.19%，报收64美分/磅，CF601环比上涨0.65%，报收13860元/吨，主力合约持仓环 比下降30671手至44.36万手，棉花3128B现货价格指数14630元/吨，较前一日上涨40元/吨。国内市场方 面，美联储12月议息会议如期降息25BP，但票委们对后续降息路径存有分歧，2026年美联储或仅降息1 次。基本面来看，USDA12月报环比再度小幅调增2025/26年度美棉产量预期值，短期美棉上行驱动有 限。国内市场方面，昨日郑棉期价重心小幅上移，基本面未有明显改变，市场关注重点不断切换。近期 出疆 ...

苯乙烯期货于2019年9月26日正式挂牌，是大商所推出的第五个化工期货品种，交易代码为EB。 苯乙烯期货的上市，为全球最大的苯乙烯生产国和消费国——中国的产业链企业提供了重要的风险管理 工具。其市场规模在千亿元级别，庞大的现货市场为期货可供交割量提供了充足保障。该品种的推出， 与原油、煤炭、橡胶等能源、化工品种形成了更加完整的避险链条，有助于为相关企业提供公开透明的 价格信号和更趋完备的避险工具。 苯乙烯期货合约的交易单位为5吨/手，报价单位为元(人民币)/吨，最小变动价位为1元/吨，涨跌停板幅 度为上一交易日结算价的4%，交易保证金为合约价值的5%。交易时间包括日盘和夜盘，日盘为每周一 至周五上午9:00至11:30、下午13:30至15:00，夜盘为21:00至23:00，法定节假日除外。 苯乙烯期货在大连商品交易所上市交易。 ...

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每经AI快讯，12月11日，碳酸锂期货主力合约日内涨幅扩大至4%，现报98920元/吨。 （责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 每日经济新闻 ...

| 交易日期(日) | 2025-12-09 | 2025-12-03 | 2025-12-10 | 较昨日变化 | 近两周走势 | 期货近月合约 | 收盘价 | 116150.00 | 116900.00 | 117600.00 | -750.00 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 期货连一合约 | 117090.00 | 收盘价 | 117350.00 | 117870.00 | -260.00 | 期货连二合约 | 118070.00 | 收盘价 | 117240.00 | 117620.00 | -380.00 | | | | | | | 期货连三合约 | 117430.00 | 117750.00 | 118330.00 | -320.00 | 收盘价 | 117090.00 | 收盘价 | 117350.00 | 117870.00 | -260.00 | | | | | | | | M | 上海期 ...