16519 新世纪期货交易提示（2025-8-19） | | | | | 铁矿：短期制造业复苏被打断，ZZJ 会议不及预期，国内供给政策预期被 阶段性证伪，资金层面博弈加剧，预期偏差带来行情修复。产业层面，铁 | | --- | --- | --- | --- | --- | | | | | | 矿全球发运环比大幅回升，港口库存小幅回升，但目前在高疏港的情况下 | | | 铁矿石 | | 震荡 | 亦无明显累库压力。终端需求偏弱，高炉铁水小幅攀升，钢厂盈利比例处 | | | | | | 于高位，现阶段钢厂主动减产动力不足。8 月下旬北方地区也有减产预期， | | | | | | 未来关注限产政策的推进情况，短期铁矿石基本面矛盾有限，预计盘面高 | | | | | | 位震荡为主。 | | | | | | 煤焦：大商所调整焦煤期货主力合约交易限额，房地产和基建需求弱，焦 | | | | | | 煤小幅调整。产地煤矿整体恢复依然缓慢，上周煤矿精煤库存创 2024 年 | | | | 煤焦 | 高位震荡 | 3 月以来最低。与此同时，下游焦钢企业开工维持高位，线下部分煤矿受 | | | | | | 益于前期出货迅速 ...

Group 1 - The core message emphasizes the need to unify thoughts and actions with the Central Committee's scientific judgment and decision-making regarding the current economic situation [1] - The meeting highlighted the importance of recognizing both the achievements in economic recovery and the challenges posed by external environments, urging a balanced understanding of the economic landscape [1][2] - There is a focus on enhancing the effectiveness of macroeconomic policies, responding to market concerns, and stabilizing market expectations [2] Group 2 - The government aims to strengthen domestic circulation by stimulating consumption, removing restrictive measures in the consumption sector, and fostering new growth points in service and new consumption [2] - There is an emphasis on increasing effective investment, particularly in major projects that adapt to changing demands and promote private investment [2] - The meeting calls for deepening reform and opening up to enhance development momentum, integrating technological and industrial innovation, and expanding high-level foreign trade [2] Group 3 - The government is committed to stabilizing employment and ensuring social stability through effective disaster prevention and safety regulation [2] - There is a directive for local governments to improve administrative efficiency and optimize regulatory services to create favorable conditions for citizens and businesses [2] - The meeting encourages innovative thinking and skill enhancement to address new situations and challenges effectively [2]