（记者 张明双） 每经AI快讯，有投资者在投资者互动平台提问：董秘您好，公司2025年度再生金属产量是多少？ 锌业股份（000751.SZ）1月30日在投资者互动平台表示，公司目前生产原料主要是原料矿等，无再生金 属原料。 ...

1. Report Industry Investment Ratings No investment ratings for the industry are provided in the document. 2. Core Views of the Report - **Financial Derivatives**: The stock index futures showed a strengthened style conversion, with the Shanghai - Shenzhen 300 and Shanghai 50 indices performing strongly while the CSI 500 and CSI 1000 indices were weak. The market is expected to continue its upward - trending in an oscillatory manner. The treasury bond futures rose and then fell, continuing the oscillation pattern. The direct impact of the rumored new monetary policy tool on the bond market is considered neutral [21][22][23]. - **Agriculture**: For protein meal, the supply pressure persists, and the price on the disk is under pressure for adjustment. The international sugar price fluctuates greatly, while the domestic sugar price is slightly stronger. The external - market prices of the oil and fat sector have declined. The northern port's spot price of corn and corn starch has fallen, and the disk price is oscillating at a high level. The pig price is continuously declining due to the supply pressure. The peanut spot price is stable, and the disk price is oscillating at the bottom. The egg price has increased due to pre - festival stocking. The apple price is firm due to good pre - festival sales. The fundamentals of cotton and cotton yarn have changed little, and the cotton price is supported [26][28][35]. - **Black Metals**: The demand for steel is marginally weakening, and the steel price will continue to oscillate following the market sentiment. The fundamental influence on coking coal and coke is decreasing, while the capital disturbance is increasing. The terminal demand for iron ore is at a low level, and the ore price is oscillating. For ferroalloys, due to the sharp shock in the night - session commodities, some of the previous long positions should be closed for profit [56][57][61]. - **Non - ferrous Metals**: The sharp decline in the US stock market has triggered a huge shock in the gold and silver markets. The liquidity squeeze has led to the decline of platinum and palladium. The concern about AI has caused the copper price to quickly retrace. The alumina price is mainly oscillating. The electrolytic aluminum price is oscillating widely at a high level, and the risk of capital leaving the market should be vigilant. The market liquidity of cast aluminum alloy has tightened, and the alloy has corrected with the sector. The zinc price should pay attention to the change of market sentiment. The lead price is in an oscillatory range due to weak supply and demand. The nickel price is operating at a high level under regulatory cooling. The stainless - steel price is in the off - season, supported by cost. The industrial silicon price should pay attention to the production - cut actions of large manufacturers. The polysilicon price should focus on the spot transaction in the short term. The lithium carbonate price is operating at a high level before the Spring Festival under regulatory cooling and tight supply - demand. The sharp decline in the US stock market has caused a significant retracement of the tin price [66][72][76]. - **Shipping**: Geopolitical conflicts remain unresolved, and the spot freight rates of shipping companies continue to be adjusted downward [112][113]. - **Energy and Chemicals**: The crude oil price fluctuates greatly. The asphalt price is oscillating at a high level supported by cost. The fuel oil inventory in Singapore decreased significantly last week, and geopolitical factors are favorable. The geopolitical disturbance of LPG has intensified. The geopolitical risk of natural gas has fermented, and the market volatility has increased again. The polyester sector, including PX and PTA, is strengthening due to geopolitical disturbance and cost support. The cost support for pure benzene and styrene is increasing, and they maintain an upward momentum. The ethylene glycol still has obvious inventory - accumulation pressure before the Spring Festival. The short - fiber and bottle - chip prices are following the cost side to be stronger. The cost support for propylene is increasing. The polyolefin has marginal production cuts, and long positions should be held. The caustic soda price is oscillating. The PVC is operating strongly. The soda ash and glass are in an oscillatory rebound pattern. The methanol price is strongly rising. The urea price is oscillating widely. The pulp price continues to oscillate widely. The high inventory of offset printing paper suppresses the increase of the paper price. The spot price of logs is moderately strong. The natural rubber and 20 - number rubber are strong due to the macro - environment. The butadiene rubber is also strong due to the macro - environment [116][118][123]. 3. Summaries According to the Catalog Financial Derivatives Stock Index Futures - **Market Performance**: The stock index futures showed a strengthened style conversion. On Thursday, the Shanghai 50 index rose 1.65%, the Shanghai - Shenzhen 300 index rose 0.76%, the CSI 500 index fell 0.97%, and the CSI 1000 index fell 0.8%. The main contracts of stock index futures also showed different trends, with IH2603 rising 1.95%, IF2603 rising 1%, IC2603 falling 1.16%, and IM2603 falling 0.53% [20][21]. - **Investment Logic**: The market was differentiated. The gold, non - ferrous, and oil and gas sectors performed strongly, while the technology stocks were weak. The market turnover exceeded 3 trillion yuan, and the style conversion is expected to continue. The market is expected to maintain an upward - trending in an oscillatory manner [20][21]. - **Trading Strategy**: Unilateral trading: expect an oscillatory upward trend; arbitrage: conduct cash - and - carry arbitrage of IM/IC long 2609 and short ETF; options: use a bull - spread strategy [22]. Treasury Bond Futures - **Market Performance**: On Thursday, most treasury bond futures closed higher, with the 30 - year main contract rising 0.07%, the 10 - year main contract rising 0.06%, the 5 - year main contract rising 0.01%, and the 2 - year main contract almost flat. The yields of inter - bank treasury bonds of major tenors fluctuated, with the medium - and short - term bonds performing better than the long - term bonds [23]. - **Investment Logic**: The central bank's net injection of short - term liquidity led to narrow fluctuations in the market's capital supply. The bond market sentiment was affected by the rumor of a new monetary policy tool and the performance of the stock and commodity markets. The direct impact of the new monetary policy tool on the bond market is considered neutral. The current capital market has relatively abundant liquidity, but if it deviates from the real - economy demand, the regulatory attitude may change [23][24]. - **Trading Strategy**: Unilateral trading: close the long positions of the TL contract at high prices; arbitrage: narrow the spread between new and old ultra - long - term bonds; options: not mentioned [24]. Agriculture Protein Meal - **External - market Situation**: The CBOT soybean index fell 0.69% to 1083.5 cents per bushel, and the CBOT soybean meal index fell 1.05% to 300.9 US dollars per short ton [26]. - **Related Information**: The US soybean and soybean meal export sales decreased. Brazil's soybean and soybean meal exports are expected to increase. The domestic soybean crushing volume decreased slightly, and the soybean and soybean meal inventories decreased [26][27]. - **Logic Analysis**: The overall supply - demand of US soybeans is relatively loose, and the center of gravity is expected to move downward. The domestic soybean meal cost is under pressure, but the short - term spot price may be supported. The medium - and long - term pressure on the disk price still exists [27]. - **Trading Strategy**: Unilateral trading: wait and see in the short term and sell short at high prices; arbitrage: expand the MRM spread; options: sell a strangle strategy [27]. Sugar - **External - market Changes**: The ICE US raw sugar main contract price fluctuated, falling 0.01 (- 0.07%) to 14.71 cents per pound. The London white sugar main contract fell 1.3 (- 0.31%) to 411.8 US dollars per ton [29]. - **Important Information**: The number of ships waiting to load sugar in Brazilian ports increased slightly, and the EU plans to suspend duty - free sugar imports. The domestic main - producing areas' white sugar spot prices are basically stable, and the overall transaction is generally good [30][31]. - **Logic Analysis**: Internationally, the influence of Brazilian sugar is decreasing, and the northern hemisphere's sugar production is mostly in an increasing cycle. The Indian sugar production may increase more than expected, putting downward pressure on the international sugar price. However, due to the low price and the strong performance of commodities, the US sugar price is expected to oscillate at the bottom. Domestically, the sugar supply is under pressure, but the low price and the support from the international market may limit the decline. The sugar price is expected to oscillate at the bottom [31][32]. - **Trading Strategy**: Unilateral trading: the international sugar price is expected to oscillate at the bottom in the short term, and the Zhengzhou sugar is expected to oscillate in a large range. It is recommended to buy low and sell high according to the macro - sentiment; arbitrage: wait and see; options: sell a put option [32]. Black Metals Steel - **Important Information**: Most independent electric - arc - furnace steel mills will stop production in February. The US initial jobless claims were slightly higher than expected. This week, the production of the five major steel products increased, and the inventory accumulation accelerated. The construction steel demand declined, while the hot - rolled coil demand increased [56]. - **Logic Analysis**: The black - metal sector oscillated strongly at night. The steel price is affected by the market sentiment. The cost has support, but the winter demand decline and inventory accumulation limit the upward space of the steel price. It is expected to continue to oscillate following the macro - sentiment before the Spring Festival [56]. - **Trading Strategy**: Unilateral trading: oscillate following the market sentiment; arbitrage: short the hot - rolled coil to coking coal ratio and hold the short position of the hot - rolled coil to rebar spread; options: wait and see [57]. Coking Coal and Coke - **Important Information**: The coking coal online auction had a high non - trading rate, and the Mongolian coking coal market was strong, but the transaction was cold. The coke and coking coal warehouse - receipt prices are provided [58][59]. - **Logic Analysis**: The coking coal price increase on the disk is mainly driven by capital. Fundamentally, the supply is not tight, and the downstream winter - storage demand is weak. The spot price has cooled. The influence of fundamentals has decreased, and the capital and sentiment factors are more important. It is expected to be strong in the near future [59]. - **Trading Strategy**: Unilateral trading: be strong; hold long positions and consider buying on dips; arbitrage: wait and see; options: sell an out - of - the - money put option [60]. Non - ferrous Metals Gold and Silver - **Market Review**: The London gold and silver prices fluctuated greatly. The US stock market decline triggered a shock in the precious - metal market. The US dollar index also fluctuated [67]. - **Important Information**: Trump will announce the candidate for the Fed chairman next week, and there are geopolitical events such as the cease - fire in Ukraine and the Iranian naval exercise [67][68]. - **Logic Analysis**: The decline in the US stock market led to market panic and a tightening of market liquidity. The adjustment of gold and silver is mainly due to technical factors and risk release. The overall macro - logic has not changed [68][69]. - **Trading Strategy**: Unilateral trading: conservative investors should take profits at high prices, while aggressive investors can hold long positions cautiously; arbitrage: go long on the external market and short on the domestic market for silver; options: take profits on the bull - call spread strategy for gold and silver [69][72]. Copper - **Market Review**: The main contract of Shanghai copper fell 2.03%, and the LME copper price rose 4.46%. The LME and COMEX copper inventories increased [76]. - **Important Information**: The concerns about AI investment returns have affected the copper price. The copper production in Zambia increased in 2025, while Southern Copper Corp. expects a decline in production in the next two years [76]. - **Logic Analysis**: The decline in the ore grade in Peru and the AI - related stock decline have affected the copper price. The LME inventory is expected to continue to increase, and the domestic market is in the inventory - accumulation stage. The copper price is expected to continue the upward trend, but the volatility will increase [77]. - **Trading Strategy**: Unilateral trading: aggressive investors can hold long positions above 105,000 - 106,000 yuan per ton; arbitrage: wait and see; options: wait and see [77][78]. Shipping Container Shipping - **Spot Situation**: The spot freight rate of the European line decreased. The 1/23 SCFI European line reported 1595 US dollars per TEU, a month - on - month decrease of 4.83%; the 1/26 SCFIS European line reported 1859.31 points, a month - on - month decrease of 4.9% [112]. - **Important Information**: There are geopolitical events such as Trump's executive order and the Iranian naval exercise [112]. - **Logic Analysis**: The demand for container shipping is declining, and the supply has a small - scale decrease. The traditional off - season is coming, and the rush - shipment is less than expected. The geopolitical situation is unstable, and the European line is difficult to resume large - scale shipping in the first half of the year [113]. - **Trading Strategy**: Unilateral trading: wait and see due to many short - term disturbances; arbitrage: take profits on most of the 6 - 10 calendar - spread long positions and hold a small part, and consider rolling operations on dips [115]. Energy and Chemicals Crude Oil - **Market Review**: WTI crude oil futures rose 3.5% to 65.42 US dollars per barrel, and Brent crude oil futures rose 3.4% to 70.71 US dollars per barrel [117]. - **Related Information**: There are geopolitical events such as Trump's military order and the Iranian naval exercise. Venezuela reforms its petroleum law, and Saudi Aramco may lower the official selling price of crude oil to Asia in March [117]. - **Logic Analysis**: The military - conflict risk has increased, bringing a premium to the crude oil price. It is not recommended to chase high prices. The international oil price is expected to oscillate strongly, and the Brent main contract should focus on the 67 - 69 US - dollar range [118]. - **Trading Strategy**: Unilateral trading: hold long positions and do not chase high prices; arbitrage: the calendar spread is strong; options: wait and see [118]. Asphalt - **External - market Situation**: The WTI2603 and Brent2604 contracts rose. The BU2603 and BU2604 contracts in the night session also rose [119]. - **Important Information**: The spot price of asphalt in different regions has different trends. The demand is in the off - season, but the cost is supported by the crude oil price [120][121]. - **Logic Analysis**: The asphalt price follows the crude oil price to rise. The demand is weakening, but the low - inventory supply provides support. The raw - material price is rising [121]. - **Trading Strategy**: Unilateral trading: be strongly oscillating and pay attention to geopolitical fluctuations; arbitrage: wait and see; options: wait and see [122].

Report Industry Investment Ratings - The report does not explicitly mention an overall industry investment rating. However, it provides trading suggestions for various futures products, including "long - term bullish, buy on dips" for stock indices, "sideways movement" for treasury bonds, etc. [1][5] Core Views - The report analyzes multiple futures markets, including macro - finance, black building materials, non - ferrous metals, energy chemicals, cotton - textile industry chain, and agricultural livestock. It provides trading suggestions and market analysis for each product based on factors such as supply - demand relationships, macro - economic conditions, and geopolitical events. [1][5][7] Summary by Category Macro - Finance - **Stock Indices**: Long - term bullish, buy on dips. Market is resilient, influenced by factors like Fed's policy, geopolitical events, and real - estate policy. [1][5] - **Treasury Bonds**: Sideways movement. There is no significant explicit negative factor, but there is limited downward space for bond yields without more capital inflow. [5] Black Building Materials - **Coking Coal**: Short - term trading. Coal market shows short - term fluctuations, but price increase sustainability is limited due to factors like weak downstream demand and stable supply. [7][8] - **Rebar**: Range trading. Futures price is slightly higher than off - peak electricity cost of electric arc furnace and lower than peak electricity cost. Supply - demand contradiction is not significant in the short term. [8] - **Glass**: Hold off. Supply is stable, demand is weak in the north and has local support in the south. There is a risk of production - sales decline before the Spring Festival. [9][10] Non - Ferrous Metals - **Copper**: Hold off or hold long positions with light positions and roll. Macro - factors support prices, but fundamentals are weak. There is a risk of callback before the Spring Festival. [11] - **Aluminum**: Strengthen observation. Supply is relatively stable, demand is entering the off - season, and prices may continue high - level adjustment. [13] - **Nickel**: Hold off. Indonesian quota reduction boosts sentiment, but fundamentals are weak. Price increase may be fully priced. [14][15] - **Tin**: Range trading or take profit on previous long positions. Supply is tight, consumption is in a recovery trend, and prices are expected to continue to fluctuate. [15] - **Gold**: Range trading. Geopolitical tensions and Fed's policy affect prices. Mid - term price center moves up. [17] - **Silver**: Bullish. Similar to gold, geopolitical and economic factors drive prices up. Mid - term price center moves up. [16][17] - **Lithium Carbonate**: Range - bound. Supply is affected by mine risks, demand is strong, and prices are expected to be bullish. [18][19] Energy Chemicals - **PVC**: Range trading. Cost is low, supply is high, domestic demand is weak, and export is a key factor. Low - level may have been reached, long - term long - position thinking. [19] - **Caustic Soda**: Hold off. Demand is weak, supply is high, and there is short - term delivery pressure. [21] - **Styrene**: Range trading. Price rebounds due to export and maintenance, but valuation is high. Long - term, pay attention to cost and supply - demand improvement. [21] - **Rubber**: Range trading. Supply is expected to shrink seasonally, cost supports prices, but there is a risk of callback. [23] - **Urea**: Range trading. Supply is increasing, demand from compound fertilizer and other industries supports prices, and prices are expected to move sideways. [25] - **Methanol**: Range trading. Supply decreases, demand from olefin production and traditional downstream is weak, and prices are affected by geopolitical and port factors. [26][27] - **Polyolefins**: Bearish sideways. Supply increases, demand from PE downstream declines, and PP has some support. Prices are expected to be weak. [27] - **Soda Ash**: Hold off. Supply is expected to contract, demand from downstream is mixed, and cost supports prices. [28] Cotton - Textile Industry Chain - **Cotton and Cotton Yarn**: Sideways adjustment. Global cotton supply decreases and demand increases, but internal - external price difference suppresses domestic prices. [28] - **Apples**: Sideways movement. Market is generally stable and weak, with different trading situations in different regions. [30] - **Jujubes**: Sideways movement. Raw material acquisition in the production area is based on quality, with a high - quality - high - price principle. [30] Agricultural Livestock - **Pigs**: Bottom - building. Short - term price fluctuations are limited, and long - term price increase is cautious. Short - term, short on rallies for off - season contracts; long - term, pay attention to capacity reduction. [31][33] - **Eggs**: Rebound from low levels. Current valuation is high, and it is recommended to hedge post - festival contracts on rallies. [34][35] - **Corn**: Upside limited. Short - term supply - demand is balanced, and long - term supply - demand is relatively loose. [36][37] - **Soybean Meal**: Sideways at low levels. Short - term, M2603 contract moves sideways; long - term, 05 contract is under pressure. [37] - **Oils**: Bullish sideways. Fundamental factors support price increases, but the upward momentum may weaken over time. [37][43]

来源：江苏新闻 1月28日晚间，多只黄金概念股发布公告，提示交易风险。白银有色、豫光金铅、四川黄金、中国黄金 均表示，公司股价短期涨幅较大，可能存在下跌风险；赤峰黄金、西部黄金也发布公告，提示投资者注 意二级市场交易风险。 1月29日，"中国金币"微信公众号发布提示： 近期贵金属原材料价格持续大幅攀升，特提醒广大贵金属纪念币集藏爱好者，理性参与投资，注意管控 风险。 中国黄金1月28日晚间公告称，1月23日至1月28日期间，公司股票连续四个交易日涨停，期间累计涨幅 46.42%，上证指数同期累计涨幅0.7%，公司股价上涨幅度已显著偏离指数，公司股票交易存在市场情 绪过热情形，可能存在短期涨幅较大后的下跌风险。公司主营业务未发生变化，主要从事黄金珠宝首饰 研发、加工、零售、批发及回购等，未拥有探矿权、采矿权。经自查，截至本公告披露日，公司日常经 营情况正常，市场环境、行业政策未发生重大变化，不存在应披露而未披露的重大信息。 四川黄金1月28日晚间公告称，公司股票连续2个交易日收盘价格涨幅偏离值累计超过20%，连续10个交 易日内收盘价格涨幅偏离值累计超过100%，属于股票交易异常波动和严重异常波动的情况。 据智 ...

Core Viewpoint - The logistics transformation in Chenzhou is enhancing the efficiency and competitiveness of the local non-ferrous metal industry, particularly through improved transportation methods for imported mineral products [1]. Group 1: Logistics Efficiency - A recent shipment of 600 tons of silver concentrate from Peru arrived at Chenzhou's land port, marking a shift from road to rail transport, which is more secure and environmentally friendly [1]. - The introduction of a "volume-based pricing" mechanism has led to a 51% reduction in railway freight rates for mineral products, saving approximately 400 yuan per standard container [1]. - This new pricing strategy has resulted in cost savings of about 1.2 million yuan for over ten non-ferrous metal companies and has facilitated an additional 88,000 tons of imported mineral products [1]. Group 2: International Logistics Expansion - Chenzhou Land Port has pioneered the full bill of lading service for iron-sea combined transport in Hunan Province, establishing eight international routes to countries such as Nigeria, Kenya, and India [2]. - The port is evolving into a key hub for both raw material imports and inland goods exports, enhancing its role in global trade [2]. - The implementation of a "direct loading at port + non-vessel operating common carrier" model has streamlined customs processes, significantly reducing waiting times for cargo at ports [3]. Group 3: Cost and Time Efficiency - The new logistics model addresses previous challenges such as complex cross-border procedures and high overall costs, improving the efficiency of the entire transportation chain [3]. - By integrating multiple shipping companies' capacity information, the non-vessel operating common carrier model provides more competitive freight rates for inland foreign trade enterprises [3].

今日沪期锌走势：今日沪期锌早盘走势较为温和，午后受铜铝大涨带动涨幅拉升；沪锌2603主力合约开 盘价25450元/吨，最高价26300元/吨，最低价25260元/吨，昨日结算价25215元/吨，今日收盘价25950元/ 吨，涨735元，涨幅2.91%。今日沪锌2603主力合约成交量329040手增加44698手，持仓量114499手减少 3700手。伦锌北京时间14：54最新价报3471美元，涨95.5美元。 今日ccmn锌价统计：今日ccmn长江综合0#锌价报25250-25350元/吨，均价25300元，涨60元，1#锌价报 25170-25270元/吨，均价25220元，涨60元；广东现货0#锌报25070-25370元/吨，均价25220元，涨70 元，1#锌价25000-25300元/吨，均价25150元，涨70元。今日现货锌市场报价0#锌在25240-25350元/吨之 间，1#锌在25170-25270元/吨之间。对比沪期锌2602合约0#锌贴水50-升水60元/吨，1#锌贴水120-贴水 20元/吨。对比沪期锌2603合约0#锌贴水100-升水10元/吨，1#锌贴水170-贴水70元/吨。 c ...

1月29日早盘，A股黄金概念股再度上涨，截至上午收盘，中国黄金、西部黄金、湖南黄金等涨停，招金黄金、四川黄金、中金黄金、 豫光金铅等涨超5%。 1月2 8日晚间，多只黄金概念股发布公告，提示交易风险。白银有色、豫光金铅、四川黄金、中国黄金均表示，公司股价短期涨幅较 大，可能存在下跌风险；赤峰黄金、西部黄金也发布公告，提示投资者注意二级市场交易风险。 1月28日晚间，多只黄金概念股发布公告，提示交易风险。 西部黄金称，目前公司关注到黄金市场热度较高，黄金采选和冶炼是本公司主营业务之一，敬请广大投资者理性投资、审慎决策，注意 投资风险。 豫光金铅发布公告称，公司股票于1月27日、1月28日连续两个交易日内收盘价格涨幅偏离值累计达到20%，属于股票交易异常波动情 形。公司属有色金属冶炼行业，原料自给率较低，有色金属价格波动将会对公司盈利能力产生影响。近期公司产品白银价格出现较大涨 幅，未来白银价格能否继续上涨或维持高位存在不确定性；若未来白银价格出现下跌，将会对公司业绩造成不利影响。请广大投资者理 性投资，注意投资风险。 来源：央视财经微信公众号 End 欢迎分享给你的朋友！ 出品 | 中国能源报（c ne ne ...

Core Viewpoint - The A-share gold concept stocks have seen significant increases, with several companies reaching their daily limit up, despite warnings about potential trading risks due to recent price surges [1][2]. Group 1: Company Announcements - China Gold announced that its stock had a cumulative increase of 46.42% from January 23 to January 28, significantly outpacing the Shanghai Composite Index's increase of 0.7% during the same period, indicating potential market overheating [1]. - Sichuan Gold reported that its stock price had deviated by over 20% in the last two trading days and over 100% in the last ten trading days, categorizing it as an abnormal trading fluctuation [1]. - Silver and Nonferrous Metals indicated that their stock prices had risen significantly, warning investors about the potential for a price decline and urging rational investment decisions [2]. Group 2: Market Conditions - The gold market is currently experiencing high activity, with companies like Western Gold emphasizing the importance of cautious investment due to the volatile nature of the market [2]. - The price of silver has seen substantial increases recently, but there is uncertainty about whether this trend will continue, which could adversely affect companies' performance if prices decline [2].

上海海证风险管理有限公司创新业务模式 2024年以来，工业硅价格持续走低，产业链利润收缩，企业资金压力也持续增加。上海海证风险管理有限公司（下称海证 风险子公司）充分了解企业需求，创新应用"代理采购+套期保值"业务模式，有效帮助实体降低采购成本、缓解资金压力， 且大大降低了双方违约的风险。未来，随着期货期权等衍生工具更加广泛地运用在产业上下游贸易环节，将使传统产业链 贸易更加高效、更加稳定，最终实现实体产业和金融的共赢。 2024年以来，工业硅价格持续走低，产业链上下游面临利润收缩的风险，且因回款周期延长，企业资金周转压力也持续增 加。 其间，海证风险子公司积极拜访相关实体企业，充分了解企业需求。拜访中发现，陕西省榆林市的X公司存在原料成本偏 高，利润倒挂的问题。为了帮助企业克服经营中的实际困难，2024年5月，海证风险子公司金属业务部为X公司代理采购了 305吨工业硅，并于当年8月通过点价销售给X公司。 海证风险子公司通过创新应用"代理采购+套期保值"业务模式，有效缓解了X公司的资金压力、维稳其上下游关系，同时降 低了其工业硅原料库存贬值的风险。 案例背景 为了践行期货服务实体经济的使命，海证风险子公司凭借 ...

期货市场交易指引 交易咨询业务资格： 鄂证监期货字[2014]1 号 曹雪梅：Z0015756 电话：027-65777102 邮箱：caoxm2@cjsc.com.cn 全球主要市场表现 | 指标 | 最新价 | 涨跌幅 | | --- | --- | --- | | 上证综指 | 4,151.24 | 0.27% | | 深圳成指 | 14,342.89 | 0.09% | | 沪深 300 | 4,717.99 | 0.26% | | 上证 50 | 3,060.56 | 0.27% | | 中证 500 | 8,601.16 | 0.61% | | 中证 1000 | 5,903.58 | 0.25% | | 日经指数 | 53,358.71 | 0.05% | | 道琼指数 | 49,015.60 | 0.02% | | 标普 500 | 6,978.03 | -0.01% | | 纳斯达克 | 23,857.45 | 0.17% | | 美元指数 | 96.3455 | 0.61% | | 人民币 | 6.9453 | -0.18% | | 纽约黄金 | 5,447.80 | 5.18% | | ...