证券之星消息，9月25日焦炭板块较上一交易日下跌1.29%，云维股份领跌。当日上证指数报收于 3853.3，下跌0.01%。深证成指报收于13445.9，上涨0.67%。焦炭板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 从资金流向上来看，当日焦炭板块主力资金净流出1110.07万元，游资资金净流入2167.58万元，散户资金 净流出1057.51万元。焦炭板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600792 云煤能源 | | > 295.22万 | 7.15% | -189.24万 | -4.58% | -105.99万 | -2.57% | | 601011 | 宝泰降 | 268.53万 | 2.65% | 287.27万 | 2.83% | -555.80万 | -5.48% ...

| 钢材产业期现日报 | | | | | | | --- | --- | --- | --- | --- | --- | | 投资咨询业务资格:证监许可 [2011] 1292号 2025年9月25日 | | | 問敏波 | Z0010559 | | | 钢材价格及价差 | | | | | | | 品种 | 现值 | 副自 | 张庆 | 某差 | 单位 | | 螺纹钢现货(华东) | 3280 | 3270 | 10 | 116 | | | 螺纹钢现货(华北) | 3230 | 3230 | O | ୧୧ | | | 螺纹钢现货(华南) | 3370 | 3360 | 10 | 206 | | | 螺纹钢05合约 | 3227 | 3212 | 15 | ਦੇਤੋ | | | 螺纹钢10合约 | 3071 | 3063 | 8 | 209 | | | 螺纹钢01合约 | 3164 | 3155 | 9 | 116 | | | 热卷现货(华东) | 3400 | 3390 | 10 | 43 | 元/吨 | | 热卷现货(华北) | 3330 | 3330 | O | -27 | | | 热卷现货(华南) | ...

焦炭日报 研究中心黑色团队 2025/9/25 | | 最新 | 日变化 | 周变化 | 月变化 同比 | | 最新 | 日变化 | 周变化 | 月变化 同比 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 山西准一湿熄 | 1427.78 | 0.00 | 0.00 | -108.16 | -14.41% 高炉开工率 | 90.35 | | 0.17 | 0.10 | 7.70% | | 河北准一干熄 | 1680.00 | 0.00 | 0.00 | -110.00 | 4.35% 铁水日均产量 | 241.02 | | 0.47 | 0.27 | 7.68% | | 山东准一干熄 | 1605.00 | 0.00 | 0.00 | -110.00 | -13.01% 盘面05 | 1869.5 | 22.50 | 16.00 | 63.00 | -6.27% | | 江苏准一干熄 | 1645.00 | 0.00 | 0.00 | -110.00 | -12.73% 盘面09 | 1943 | 9.50 ...

从资金流向上来看，当日焦炭板块主力资金净流出1477.67万元，游资资金净流入443.3万元，散户资金净 流入1034.37万元。焦炭板块个股资金流向见下表： | 代码 | 名称 | 主力净流入 (元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600792 | 云煤能源 | ■ 773.93万 | 18.83% | -540.25万 | -13.15% | -233.68万 | -5.69% | | 600740 山西焦化 | | 619.79万 | 9.97% | -428.17万 | -6.89% | -191.62万 | -3.08% | | 600408 安泰集团 | | 454.07万 | 8.76% | -88.27万 | -1.70% | -365.81万 | -7.06% | | 601015 陕西黑猫 | | 426.75万 | 9.11% | -202.73万 | -4.33% | -224.02万 | -4.78% | | 6 ...

Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report The report comprehensively analyzes various sectors in the financial and commodity markets, including financial derivatives, precious metals, shipping, and multiple commodity futures. It points out that market trends are influenced by a combination of factors, such as macro - economic policies, supply - demand balances, and geopolitical situations. Different sectors present different trends, with some in a state of shock, others showing signs of weakness or strength, and the overall market is complex and changeable. Summary by Directory Financial Derivatives Financial Futures - **Stock Index Futures**: The A - share market showed an overall correction on Tuesday, with the main stock indexes fluctuating downwards during the session and rebounding slightly at the end. The main contracts of the four major stock index futures had mixed performances. The banking and precious metals sectors among the cyclical sectors were strong, while technology stocks corrected. It is recommended to lightly sell put options on MO2511 near the strike price of 6600 when the index corrects to collect premiums [2][3][4]. - **Treasury Bond Futures**: Treasury bond futures closed down across the board, and the yields of major inter - bank interest - rate bonds generally rose. The central bank's open - market operations led to a net withdrawal of funds, and the bond market sentiment was weak. It is recommended to operate within a range, lightly test long positions when the market sentiment stabilizes at low levels, and appropriately participate in the basis narrowing strategy for the TL contract [5][8]. Precious Metals - The US dollar index remained weak, and safe - haven sentiment drove funds to flow into gold, pushing up its price. The price of international gold reached a high and then narrowed its gains, while silver showed a slight decline. It is recommended to buy gold on dips or buy out - of - the - money call options, and sell out - of - the - money put options on silver when the price is above $41 [9][12][13]. Container Shipping Index (European Route) - The EC futures market oscillated. The spot freight rates showed a certain range of fluctuations, and the market had digested the impact of the previous spot decline. It is recommended to wait and see in a volatile market [14][15]. Commodity Futures Non - Ferrous Metals - **Copper**: The copper market oscillated. The spot price declined, and the downstream was less willing to buy at high prices. The supply side was affected by factors such as smelter maintenance, and the demand side improved after the price decline. It is expected to oscillate in the short term, with the main contract referring to the range of 79,000 - 81,000 yuan [15][17][20]. - **Alumina**: The alumina market was in a pattern of high supply, high inventory, and weak demand. The futures price was in a bottom - wide oscillation. It is expected to oscillate in the range of 2850 - 3150 yuan/ton, and it is necessary to pay attention to policy changes in Guinea and cost - profit changes [20][22][23]. - **Aluminum**: The aluminum price declined, and the market trading activity increased slightly. The supply was at a high level, the demand entered the peak season, and the inventory was still in a state of accumulation. It is expected to oscillate in the range of 20,600 - 21,000 yuan/ton, and it is necessary to pay attention to the double - festival stocking and inventory inflection points [23][25]. - **Aluminum Alloy**: The pre - holiday stocking demand provided phased support for the spot price. The supply was tight, the demand was gradually recovering, and the inventory was accumulating. It is expected to oscillate in the range of 20,200 - 20,600 yuan/ton, and attention should be paid to the supply of scrap aluminum and import policies [25][27][28]. - **Zinc**: The zinc market was in a state of supply - demand differentiation at home and abroad. The domestic supply was loose, and the demand was in the peak season. The short - term price was expected to oscillate, with the main contract referring to the range of 21,500 - 22,500 yuan [28][30][31]. - **Tin**: The import of tin ore in August remained at a low level, and the supply was tight. The demand was in a state of "weak supply and demand". It is expected to oscillate at a high level, with the price range of 265,000 - 285,000 yuan, and attention should be paid to the import situation of tin ore from Myanmar [31][33][34]. - **Nickel**: The nickel market oscillated weakly. The supply was at a high level, the demand was relatively stable in some areas and general in others. It is expected to oscillate in the range of 119,000 - 124,000 yuan, and attention should be paid to macro - expectations and ore - related news [34][35][36]. - **Stainless Steel**: The stainless - steel market oscillated narrowly. The raw material prices were firm, the supply was under pressure, and the demand had not significantly increased. It is expected to oscillate in the range of 12,800 - 13,200 yuan, and attention should be paid to steel - mill dynamics and pre - holiday stocking [37][40]. - **Lithium Carbonate**: The lithium - carbonate market oscillated. The supply and demand were in a tight balance during the peak season. It is expected to oscillate in the range of 70,000 - 75,000 yuan, and attention should be paid to the marginal changes in orders [41][44]. Black Metals - **Steel**: The steel market was affected by factors such as export support and seasonal demand changes. The price was expected to oscillate at a high level, with the thread referring to the range of 3100 - 3350 yuan and the hot - rolled coil referring to the range of 3300 - 3500 yuan. It is recommended to lightly try long positions and pay attention to the seasonal recovery of apparent demand [44][46]. - **Iron Ore**: The iron - ore market was supported by factors such as reduced shipments and increased iron - water production. The price was expected to oscillate upwards, with the range of 780 - 850 yuan. It is recommended to buy on dips and consider the arbitrage strategy of long iron ore and short hot - rolled coil [47][48]. - **Coking Coal**: The coking - coal market was in a state of supply - demand balance and tightening. The price was expected to oscillate upwards, with the range of 1150 - 1300 yuan. It is recommended to buy on dips and consider the arbitrage strategy of long coking coal and short coke [49][51]. - **Coke**: The coke market was in a process of price adjustment. The price was expected to rebound gradually, with the range of 1650 - 1800 yuan. It is recommended to buy on dips and consider the arbitrage strategy of long coking coal and short coke [52][55]. Agricultural Products - **Meal**: Argentina's cancellation of the export tax on soybeans and their derivatives put pressure on the two - meal market. The domestic meal supply was abundant, and the market was expected to oscillate weakly [56][59]. - **Pigs**: The pig market had a large slaughter pressure, and the spot price was difficult to improve before the National Day. The market was expected to adjust weakly, and the previous reverse - spread strategy was recommended to be withdrawn and observed [60][61].

政策扰动市场情绪，板块品种价格仍有 ⽀撑 投资咨询业务资格：证监许可【2012】669号 中信期货研究|⿊⾊建材策略⽇报 2025-09-23 昨⽇《钢铁⾏业稳增⻓⼯作⽅案（2025—2026年）》出台，强调" ⾏业增加值年均增⻓4%左右"和"严禁新增产能"，与现⾏的⾏业 增速以及市场预期⼀致，致使"反内卷"情绪再度降温，板块品种期 价受此影响⼩幅回调，夜盘时段围绕⽇盘低点震荡运⾏。但结合产业 链⾃⾝，保持旺季背景下的边际改善，叠加市场对于四季度重磅会议 仍有预期，因此板块品种价格仍有⽀撑。 昨日《钢铁行业稳增长工作方案（2025—2026年）》出台，强调"行 业增加值年均增长4%左右"和"严禁新增产能"，与现行的行业增速 以及市场预期一致，致使"反内卷"情绪再度降温，板块品种期价受 此影响小幅回调，夜盘时段围绕日盘低点震荡运行。但结合产业链自 身，保持旺季背景下的边际改善，叠加市场对于四季度重磅会议仍有 预期，因此板块品种价格仍有支撑。 1、铁元素方面，铁矿发运回落、但仍维持高位水平，上周到港量因 前期台风扰动节奏而大幅增加，但当前我国海域再现台风影响，因此 预计到港量仍有扰动。反观铁矿需求保持高位水平，国 ...

Core Viewpoint - Meijin Energy's stock price has shown fluctuations, with a recent decline of 2.07% and a year-to-date increase of 4.88%, indicating mixed market sentiment towards the company [1]. Company Overview - Meijin Energy, established on January 8, 1997, and listed on May 15, 1997, is based in Taiyuan, Shanxi Province. The company primarily engages in the production and sales of coal, coke, natural gas, and hydrogen fuel cell vehicles, with 97.45% of its revenue coming from coal and coke products [1][2]. - As of June 30, 2025, Meijin Energy reported a revenue of 8.245 billion yuan, a year-on-year decrease of 6.46%, while the net profit attributable to shareholders was -674 million yuan, reflecting a growth of 1.29% [2]. Stock Performance - The stock price of Meijin Energy is currently at 4.73 yuan per share, with a market capitalization of 20.828 billion yuan. The trading volume was 132 million yuan, with a turnover rate of 0.63% [1]. - Year-to-date, the stock has experienced a 4.88% increase, with a slight decline of 1.87% over the last five trading days and a 10% increase over the last 60 days [1]. Shareholder Information - As of June 30, 2025, Meijin Energy had 248,700 shareholders, a decrease of 5.77% from the previous period. The average number of circulating shares per shareholder increased by 6.12% to 17,679 shares [2]. - The company has cumulatively distributed 1.976 billion yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Institutional Holdings - Among the top ten circulating shareholders, Guotai Zhongxin Coal ETF ranks as the fourth largest with 47.8686 million shares, an increase of 10.9022 million shares from the previous period. Other notable shareholders include Southern CSI 500 ETF and Hong Kong Central Clearing Limited [3].

焦炭日报 研究中心黑色团队 2025/9/23 | | 最新 | 日变化 | 周变化 | 月变化 同比 | | 最新 | 日变化 | 周变化 | 月变化 同比 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 山西准一湿熄 | 1427.78 | 0.00 | -54.61 | -108.16 | -14.41% 高炉开工率 | 90.35 | | 0.17 | 0.10 | 7.70% | | 河北准一干熄 | 1680.00 | 0.00 | -55.00 | -110.00 | 7.69% 铁水日均产量 | 241.02 | | 0.47 | 0.27 | 7.68% | | 山东准一干熄 | 1605.00 | 0.00 | -55.00 | -110.00 | -10.34% 盘面05 | 1868.5 | 2.00 | 0.00 | 114.00 | -1.03% | | 江苏准一干熄 | 1645.00 | 0.00 | -55.00 | -110.00 | -10.11% 盘面09 | 1948 ...

南华煤焦产业风险管理日报 2025/09/22 南华研究院 黑色研究团队 张泫：Z0022723 投资咨询业务资格：证监许可【2011】1290号 双焦价格区间预测 | | 价格区间预测（月度） | 当前波动率（20日滚动） | 当前波动率历史百分位 | | --- | --- | --- | --- | | 焦煤 | 1200-1350 | 41.63% | 81.94% | | 焦炭 | 1650-1850 | 31.38% | 67.08% | source： 南华研究,wind 双焦风险管理策略建议 利可关注煤焦1-5反套。 | 行为导 | 情景分析 | 现货敞 | 策略推荐 | 套保工 | 买卖方 | 建议套保 | 建议入场区 | | --- | --- | --- | --- | --- | --- | --- | --- | | 向 | | 口 | | 具 | 向 | 比例 | 间 | | 库存套 | | | 做空焦炭260 | | | 25% | （1780，18 30） | | 保 | 焦炭开工快速恢复，现货供需趋于宽松，焦企担心未来销售价格下降，想提前锁定焦炭销售价格 | 多 | 1合约 ...

Group 1 - The coke sector experienced a decline of 1.08% on September 22, with Yunwei Co. leading the drop [1] - The Shanghai Composite Index closed at 3828.58, up 0.22%, while the Shenzhen Component Index closed at 13157.97, up 0.67% [1] - Major stocks in the coke sector showed varied performance, with Meijin Energy remaining flat at 4.83, while Yunwei Co. fell by 2.78% to 3.50 [1] Group 2 - The net outflow of main funds in the coke sector was 53.1 million yuan, while retail investors saw a net inflow of 34.8 million yuan [1] - Detailed fund flow data indicated that major stocks like Shanxi Coking Coal and Meijin Energy faced significant net outflows of 9.93% and 9.92% respectively [2] - Retail investors showed a positive net inflow in several stocks, with Shanxi Coking Coal attracting 849.21 million yuan, indicating strong retail interest despite overall sector decline [2]