2025.07.28-08.01 螺纹钢、铁矿石 期货品种周报 01 P A R T 螺纹钢期货 01 中线行情分析 目录 02 品种交易策略 03 相关数据情况 Contents 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 力合约进入红色量能阶梯区域第五周。 中线趋势判断 1 n 上周策略回顾 螺纹钢期货主力合约进入红色量能阶梯区域第四周。 n 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 合约中线趋势运行于红色量能阶梯区域第五周。 趋势判断逻辑 螺纹钢周度产量211万吨，表观消费量216万吨，主要钢厂库存165万 吨，社会库存570万吨。长城期货AI智能投询品种诊断报告显示螺纹钢 期货价格日线级别处于上行通道中。 2 钢材现货企业可考虑30%比例的多方保值方案。 中线策略建议 3 品种交易策略 n 现货企业套期保值建议 钢材现货企业可考虑分步实施30%比例的多方保值策略。 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、长城期货交易咨询部 相关数据情况 本报告数据来源 ...

Core Viewpoint - The rapid advancement of China's automotive industry in smart technology is positioning it as a global leader in the intelligent vehicle sector, with significant opportunities for international expansion [2][4]. Group 1: Industry Development - China's passenger cars with L2 and above driver assistance features have surpassed a 50% installation rate, leading globally [3]. - The penetration rate of smart cockpits in domestic passenger vehicles is expected to exceed 70% by 2024, indicating a strong market presence [3]. - Key domestic companies like Horizon Robotics, Black Sesame, Huawei, and Baidu are making significant breakthroughs in smart driving algorithms, lidar, high-precision maps, and automotive-grade chips [3]. Group 2: International Expansion - Companies like Zhiji and Leap Motor are launching models equipped with advanced driving systems in international markets, such as the UK [4]. - Robotaxi companies like Baidu's Apollo and Pony.ai are expanding overseas through partnerships with local governments and international ride-hailing platforms [5]. - The penetration rate of L2-L3 automated driving features in new vehicles in China is leading the global average by nearly 20%, providing a strong foundation for international growth [5]. Group 3: Challenges and Compliance - The automotive industry's international expansion faces challenges related to geopolitical factors, technical standards, and data compliance [7][8]. - Over 100 countries have issued data security regulations, complicating compliance for companies looking to expand their smart vehicle offerings [8]. - Differences in consumer willingness to adopt smart features in foreign markets, particularly in Europe, pose additional challenges for Chinese automakers [9]. Group 4: Strategic Recommendations - Companies are advised to adopt localized strategies for data storage and processing to ensure compliance with local regulations [11]. - Establishing smart technology R&D centers in overseas markets can help companies better understand local consumer needs and regulatory requirements [12]. - Active participation in the formulation of international standards for intelligent connected vehicles is crucial for enhancing China's influence in the global automotive landscape [12][13].

1. Report Industry Investment Rating - Not provided in the content 2. Core Views of the Report - For gold futures, the overall trend of Shanghai gold futures is in an upward channel and may be at the end of the trend. For silver futures, the overall trend of Shanghai silver futures is steadily rising and is also at the end of the trend. It is recommended to wait and see for both gold and silver futures [7][34] 3. Summary by Directory Gold Futures 3.1 Mid - term Market Analysis - The overall trend of Shanghai gold futures is in an upward channel and may be at the end of the trend. Last week, gold was affected by factors such as the US dollar index, US economic data, Fed policy expectations, geopolitical risks, RMB exchange rate, domestic infrastructure policies, market sentiment, capital flow, and technical aspects. The US dollar index alternately suppressed and supported the gold price. The mild US economic data, stable Fed policy expectations, and geopolitical risks made the gold price seek a direction in the fluctuations. Domestic infrastructure policies and RMB exchange rate fluctuations provided additional support. It is recommended to wait and see [7][8] 3.2 Variety Trading Strategy - Last week, it was expected that the gold main contract 2510 would oscillate, and grid trading was recommended in the 760 - 785 range. This week, it is still expected to oscillate, and grid trading is recommended in the 750 - 800 range [11][12] 3.3 Relevant Data Situation - The content presents the historical data trends of Shanghai gold market trends, COMEX gold market trends, SPDR gold ETF holdings, COMEX gold inventory, US 10 - year Treasury bond yields, US dollar index, US dollar against offshore RMB, gold - silver ratio, Shanghai gold basis, and gold internal - external price difference [19][22][24] Silver Futures 3.1 Mid - term Market Analysis - The overall trend of Shanghai silver futures is steadily rising and is at the end of the trend. Last week, the US - Japan trade agreement improved market risk appetite, but silver was less suppressed due to its stronger industrial attributes. Industrial demand, especially in the photovoltaic and new - energy vehicle fields, provided support. Next week, silver prices will be affected by US economic data, China - US trade negotiation progress, geopolitical risks, and domestic policy orientation. If there is no substantial progress in China - US trade negotiations, silver prices are expected to remain strong; otherwise, silver may face some downward pressure. It is recommended to wait and see [34][36] 3.2 Variety Trading Strategy - Last week, it was expected that the silver contract 2510 would run strongly, with the lower support range of 8800 - 8900 and the upper pressure range of 9450 - 9550. This week, it is still expected to run strongly, with the lower support range of 8800 - 8900 and the upper pressure range of 9200 - 9300 [38] 3.3 Relevant Data Situation - The content shows the historical data trends of Shanghai silver market trends, COMEX silver market trends, SLV silver ETF holdings, COMEX silver inventory, Shanghai silver basis, and silver internal - external price difference [44][46][48]

Circle公司宣布调整USDC储备模型，未来将完全按照GENIUS标准构建合规资产篮子。Coinbase、 Robinhood等持牌平台同步下架部分未注册稳定币，转向合规产品线布局。美联储主席鲍威尔在当天智 库发言中强调："稳定币若纳入监管，将成为美元结算系统的延伸，而非威胁。我们欢迎创新，前提是 风险必须受控。国际监管机构亦动作频频，香港金管局宣布将于8月1日启动稳定币发行人牌照受理，初 期仅开放5张，要求申请方具备100%法币储备、链上可验证机制与定期审计披露。欧盟启动对MiCA法 案修订程序，拟限制非欧元区稳定币在境内自由流通，尤其对锚定美元的稳定币加强审查，以防止在跨 境支付中形成监管真空。XBIT观察人士指出，稳定币的角色已不再局限于加密市场流通媒介，更将参 与全球金融基础设施升级，为跨境清算、资产定价和国际资本转移注入新的弹性与效率。 据BOSS钱包APP数据，2025年上半年全球稳定币相关法规或政策更新超过21项，较去年增长170%，稳 定币跨境支付业务笔数同比上升68%，表明市场正进入高速实践期。特朗普在总统备选人辩论中多次抨 击现行加息周期对科技与创新企业的不利影响，明确表态若再次当选将全 ...

2025 年 7 月 28 日 股指期货将偏强震荡 焦煤、玻璃、纯碱、多晶硅、碳酸 锂、氧化铝、工业硅、硅铁、锰硅、白银、镍、螺纹钢、原 油、PTA、PVC、甲醇、天然橡胶期货将震荡偏弱 陶金峰 期货投资咨询从业资格号：Z0000372 邮箱：taojinfeng@gtht.com 【正文】 【声明】 本报告的观点和信息仅供风险承受能力合适的投资者参考。本报告难以设置访问权限，若给您造成不 便，敬请谅解。若您并非风险承受能力合适的投资者，请勿阅读、订阅或接收任何相关信息。本报告不构 成具体业务或产品的推介，亦不应被视为相应金融衍生品的投资建议。请您根据自身的风险承受能力自行 作出投资决定并自主承担投资风险，不应凭借本内容进行具体操作。 【期货行情前瞻要点】 通过宏观基本面分析和黄金分割线、水平线、日均线等技术面分析，预期今日期货主力合约行情走势大概率如 下： 股指期货将偏强震荡：IF2509 阻力位 4147 和 4168 点，支撑位 4100 和 4080 点；IH2509 阻力位 2817 和 2828 点，支撑位 2786 和 2771 点；IC2509 阻力位 6260 和 6300 点，支撑位 61 ...

| 工业硅&多晶硅日评20250728：多头情绪旺盛，价格走势坚挺 | | | | | --- | --- | --- | --- | | 2025/7/28 指标 单位 | | 今值 | 变动 近期趋势 | | 元/吨 不通氧553#（华东）平均价格 | | 9,850.00 | 0.00% | | 工业硅期现价格 元/吨 期货主力合约收盘价 | | 9,725.00 | 0.36% | | 基差（华东553#-期货主力） 元/吨 N型多晶硅料 元/千克 | | 125.00 45.50 | -35.00 1.11% | | 多晶硅期现价格 期货主力合约收盘价 元/吨 | | 51,025.00 | -5.10% | | 基差 元/吨 | | -5,525.00 | 3,240.00 | | 不通氧553#（华东）平均价格 元/吨 | | 9,850.00 | 0.00% | | 不通氧553#（黄埔港）平均价格 元/吨 | | 9,800.00 | 0.00% | | 不通氧553#（天津港）平均价格 元/吨 | | 9,700.00 | 0.00% | | 不通氧553#（昆明）平均价格 元/吨 | | ...

证券研究报告：食品饮料 | 公司点评报告 股票投资评级 买入|维持 个股表现 2024-07 2024-10 2024-12 2025-02 2025-05 2025-07 -2% 8% 18% 28% 38% 48% 58% 68% 78% 88% 东鹏饮料 食品饮料 资料来源：聚源，中邮证券研究所 公司基本情况 | 最新收盘价（元） | 299.93 | | --- | --- | | 总股本/流通股本（亿股）5.20 | / 5.20 | | 总市值/流通市值（亿元）1,560 | / 1,560 | | 52 周内最高/最低价 | 336.50 / 209.78 | | 资产负债率(%) | 66.1% | | 市盈率 | 46.88 | | 第一大股东 | 林木勤 | 研究所 分析师:蔡雪昱 SAC 登记编号:S1340522070001 Email:caixueyu@cnpsec.com 分析师:张子健 SAC 登记编号:S1340524050001 Email:zhangzijian@cnpsec.com 东鹏饮料(605499) 二季度冰柜费投加大，新品表现亮眼 l 投资要点 公司发布 202 ...

今年是"十四五"规划的收官之年。近日，国新办举行"高质量完成'十四五'规划"系列主题新闻发布会， 介绍"十四五"时期深化医保改革，服务经济社会发展有关情况。发布会上，多组医保服务方面的数据让 人印象深刻，因为数据背后带来的，是我们实实在在的便利。 值得一提的是，数字化正让服务更具温度。以江西萍乡安源区为例，当地依托江西省智慧医保"村村 通"平台，全区所有卫生所的村村通设备上，全部设立普通话和萍乡方言两种语音播报功能，让特殊老 年群体可以无障碍地使用、享受更加舒心的医保服务。 效率与温度的平衡，正是医保服务数字化转型的深层意义一一努力让每一位参保人都能在数字化浪潮中 感受到"被看见""被重视"。数字化也不是要替代人的关怀，而是要通过技术解放人力，让工作人员有更 多精力投入到个性化服务中，最终让医保服务既有科技的锐度，更有人文的温度。 不只是医保码，"十四五"期间，数字化赋能医疗服务体现在多个方面。让药价"回归合理水平"，一直是 近年来国家医保局着力解决的民生事项之一。为方便群众选择价格适宜的药店买药，"药品比价"小程序 全面上线。譬如，您想知道某个药品在哪里可以买到，或药品在不同药店的在售价格，不用去店里，手 ...

来源：新华网 京东科技协同办公产品负责人侯超介绍，"京办"在推动北京市政务工作协同模式变革、提高工作效率、 提升政务信息安全性的同时，围绕信息化项目生命周期设计探索了全新的组织模式，加快推进智慧城市 建设。该平台采用统一通用的自研信创框架，以解决不同国产软硬件的适配难题，实现"一次开发、多 处运行"，并探索"联合开发"的新模式，充分发挥政务场景应用创新对产业发展的带动作用，将政务人 员的管理知识与企业团队的技术能力充分融合，政府和企业共同打造产品，为政府场景新基建探索"共 创多赢、赋能产业"的新路径。 据了解，"京办"已深度融合大模型技术，提升政务办公效率的同时，使基层治理更贴近民生需求，让政 务服务既有速度更有温度。目前，"京办"正在基于安全政务环境探索国产AI智能化全面赋能，打造国产 政务大模型。（设计：胡傲霜） 新华网北京7月28日电（刘文敏 毕尚宏）日前举行的2025全球数字经济大会发布了"京办"智能政务协同 办公平台（以下简称"京办"）等"北京数字经济十大标杆应用"，集中展示了北京建设全球数字经济标杆 城市的示范成果。 作为北京市政务办公系统统一入口，"京办"由北京市大数据中心和京东科技共同打造，贯 ...

Core Insights - The medical aesthetics industry is experiencing significant growth, with technology and academic exchange being key drivers of progress [1] - The IMCAS (International Master Course on Aging Science) conference will be held in Shanghai from July 11 to 13, 2025, gathering top experts and scholars to discuss the latest technologies and trends in the industry [1] Group 1: Conference Highlights - Dr. Xue Zhiqiang from JunTai Medical shared insights on the innovative application of 3D digital technology in the repair of nasal deformities secondary to cleft lip and palate during a specialized seminar [2] - This marks Dr. Xue's second presentation on this topic at the IMCAS conference, following his initial presentation in Paris in 2024, which highlighted China's advanced clinical applications of 3D printing technology [2][3] - Dr. Xue's presentation focused on precise surgical solutions based on 3D design and printing technology, showcasing the latest clinical cases [2][3] Group 2: Technological Innovations - The global incidence of cleft lip and palate is 1.08‰, with China being a high-incidence region [2] - Dr. Xue introduced 3D design and 3D printing PEEK material technology to provide personalized treatment plans, achieving significant results in complex cases of cleft lip and palate deformities [3][4] - The digital design process integrates CT data to analyze all facial layers, ensuring minimal error from design to surgical implantation [4] Group 3: Clinical Applications and Benefits - The PEEK material used in 3D printing offers superior physical stability and density comparable to native bone, allowing for personalized three-dimensional designs [4] - Dr. Xue emphasized the importance of addressing the unique anatomical features of Asian populations in nasal shaping procedures, which often require careful consideration of the overall spatial relationship of the face [6] - The "micro-invasive" approach is central to Dr. Xue's philosophy, aiming to protect nasal function and achieve natural results with minimal recovery time [6] Group 4: Company Overview - JunTai Medical, founded by Dr. Xue, is a professional medical institution that integrates cosmetic surgery, dermatology, and aesthetic services, focusing on digital diagnosis and treatment [9] - The organization is recognized as a model for the "three regulations" in the medical aesthetics industry, emphasizing the importance of legitimate institutions, products, and practitioners [9]