GDP跨越3个千亿元台阶、人均GDP增长约25%、创新能力综合指标全国排名跃升7位、粮食总产量连续5年稳定在800亿斤以上、保护性耕作面积位居全国首 位……"十四五"时期，吉林经济社会发展成绩斐然。 编者按：乘势而上，阔步向前。2026年是"十五五"开局之年，是全面建设社会主义现代化国家新征程的关键起步期。开局即发力，各地动能澎湃，锐意进 取。央广网特别策划推出《行稳致远开新局》，讲述过去五年来各地迎难而上、砥砺奋进的万千气象，呈现经济实力、科技实力、综合国力跃上新台阶背后 的发展肌理，以走在前、作示范、挑大梁的责任担当和发展韧性，为"十五五"开好局、起好步凝心聚力，不断开创中国式现代化建设新局面。 站在"十五五"开局的新起点上，白山松水再启壮阔新程。吉林的发展既绘就于宏伟蓝图，也体现在生动实践中，正积蓄起一股无声却强劲的向上力量。 这力量，源于"十四五"磨炼出的四双"隐形翅膀"——它们分别在天际、在大地、在冰湖、在田野，从低空翱翔的无人机组成智慧天网，到钢铁巨龙将长白秘 境接入全国高铁版图；从千年冬捕的冰湖腾鱼，到激光精准唤醒黑土潜能，共同编织着吉林全面振兴的壮丽图景。 低空经济 跑出吉林发展加速度 2月1 ...

投资咨询业务资格：证监许可【2011】1778 号 期货研究报告 资讯早班车-2026-02-25 期货研究报告 二、商品投资参考 一、 宏观数据速览 | 发布日期 | 指标日期 | 指标名称 | 单位 | 当期值 | 上期值 | 去年同期值 | | --- | --- | --- | --- | --- | --- | --- | | 2026-01-19 | 2025/12 | GDP:不变价:当季同比 | % | 4.5 | 4.8 | 5.4 | | 2026-01-31 | 2026/01 | 制造业 PMI | % | 49.3 | 49.0 | 49.1 | | 2026-01-31 | 2026/01 | 非制造业 PMI:商务活动 | % | 49.4 | 50.1 | 50.2 | | 2026-02-14 | 2026/01 | 社会融资规模:当月值 | 亿元 | 72208 | 8178 | 70546 | | 2026-02-13 | 2026/01 | M0:同比 | % | 2.7 | 10.6 | 17.2 | | 2026-02-13 | 2026/01 | M1:同比 | ...

期货市场交易指引 2026 年 02 月 25 日 | | 宏观金融 | | --- | --- | | ◆股指： | 中长期看好，逢低做多 | | ◆国债： | 震荡运行 | | | 黑色建材 | | ◆焦煤： | 短线交易 | | ◆螺纹钢： | 区间交易 | | ◆玻璃： | 震荡偏弱 | | | 有色金属 | | ◆铜： | 建议逢低做多 | | ◆铝： | 建议加强观望 | | ◆镍： | 建议逢低适度持多 | | ◆锡： | 区间交易 | | ◆黄金： | 区间交易 | | ◆白银： | 区间交易 | | ◆碳酸锂： | 区间震荡 | | | 能源化工 | | ◆PVC： | 区间交易 | | ◆烧碱： | 低位震荡 | | ◆纯碱： | 逢高做空 | | ◆苯乙烯： | 偏强震荡 | | ◆橡胶： | 区间交易 | | ◆尿素： | 区间交易 | | ◆甲醇： | 区间交易 | | ◆聚烯烃： | 偏弱震荡 | | | 棉纺产业链 | | ◆棉花棉纱： | 震荡偏强 | | ◆苹果： | 震荡运行 | | ◆红枣： | 震荡运行 | | | 农业畜牧 | | ◆生猪： | 05 谨慎追空，待反弹 ...

1. Report's Industry Investment Rating No information about the industry investment rating is provided in the report. 2. Core Viewpoints of the Report - In the context of the US - Iran conflict affecting global risk appetite, the reversal of US tariff policies, the strong appreciation of the RMB exchange - rate driving foreign capital inflows, and the release wave of large models and the popularity of robots, stock indices are expected to show a strong performance [4]. - The unchanged LPR in February meets market expectations. Although there is potential inflation pressure on the bond market, the economic recovery momentum needs further observation. With a loose capital - market environment and strong bond - market allocation power, the bond market is expected to fluctuate with a slight upward trend [6][7]. - Gold is likely to maintain a high - level oscillation due to factors such as the strength of the US dollar and market uncertainty. Future trends depend on US macro - economic data, Fed officials' speeches, and US tariff policies [9]. - For non - ferrous metals, different metals have different trends. For example, copper prices are expected to turn to oscillation, aluminum prices may rise slightly in the short - term, and nickel prices are expected to rise with a contraction in supply [12][14][19]. - In the black building materials sector, the black series is in a bottom - game stage with multiple factors at play, and it is likely to continue to oscillate weakly in the short - term [31]. - In the energy - chemical industry, different products have different strategies. For example, crude oil is recommended for mid - term layout, and methanol is suggested to be bought at low prices in the mid - term [57][60]. - In the agricultural products sector, the supply - demand situation of various products varies. For example, the pig market has an oversupply situation in the short - term, while the sugar market is not suitable for excessive short - selling due to potential production - ratio adjustments in Brazil in the future [80][90]. 3. Summary by Relevant Catalogs 3.1 Macro - financial Category Stock Indices - **Market Information**: The US imposed a 10% tariff on relevant goods, the central bank carried out a 600 billion yuan MLF operation, Musk proposed a satellite - launching plan, and a four - legged robot was released [2]. - **Strategy Viewpoint**: Stock indices are expected to perform strongly in the short - term [4]. Treasury Bonds - **Market Information**: Bond contract prices had slight changes, relevant entities were added to the export - control list, the LPR remained stable, and the central bank had a large - scale net capital withdrawal [5]. - **Strategy Viewpoint**: The bond market is expected to fluctuate with a slight upward trend [6][7]. Precious Metals - **Market Information**: Gold and silver prices had different trends, and the COMEX precious - metal inventory decreased [8][9]. - **Strategy Viewpoint**: Gold will maintain a high - level oscillation, and a wait - and - see strategy is recommended [9]. 3.2 Non - ferrous Metals Category Copper - **Market Information**: Copper prices rose, LME and domestic inventories changed, and the spot - futures basis and import losses also changed [11]. - **Strategy Viewpoint**: Copper prices are expected to turn to oscillation in the short - term [12]. Aluminum - **Market Information**: Aluminum prices rebounded, and domestic and LME inventories changed [13]. - **Strategy Viewpoint**: Aluminum prices are expected to rise slightly in the short - term [14]. Zinc - **Market Information**: Zinc prices rose, and inventory and basis data changed [15]. - **Strategy Viewpoint**: The domestic zinc industry is weak, but zinc prices may follow the rise of copper and aluminum prices [16]. Lead - **Market Information**: Lead prices fell, and inventory and basis data changed [17]. - **Strategy Viewpoint**: The lead industry is in a weak state, but strategic stockpiling by battery enterprises may support prices in the short - term [18]. Nickel - **Market Information**: Nickel prices rose, and the cost and price of related products were stable [19]. - **Strategy Viewpoint**: Nickel prices are expected to rise, and a long - position strategy at low prices is recommended [19]. Tin - **Market Information**: Tin prices rebounded, and supply and demand had certain characteristics [20]. - **Strategy Viewpoint**: Tin prices are expected to oscillate widely, and a wait - and - see strategy is recommended [20]. Lithium Carbonate - **Market Information**: Lithium carbonate prices rose [21]. - **Strategy Viewpoint**: The fundamental situation of lithium carbonate may tighten after the Spring Festival, and attention should be paid to downstream restocking and production - recovery progress [21][22]. Alumina - **Market Information**: Alumina prices fell, and relevant data such as inventory and basis changed [23]. - **Strategy Viewpoint**: A wait - and - see strategy is recommended in the short - term, and future price trends depend on ore - supply disturbances and supply - pressure relief [24]. Stainless Steel - **Market Information**: Stainless - steel prices rose, and inventory and production - related data changed [25]. - **Strategy Viewpoint**: The price has strong support at the bottom, and a long - position view is maintained [26]. Cast Aluminum Alloy - **Market Information**: Cast - aluminum - alloy prices rose, and inventory and trading - volume data changed [27]. - **Strategy Viewpoint**: Prices are expected to stabilize in the short - term [29]. 3.3 Black Building Materials Category Steel - **Market Information**: Steel prices fell, and relevant data such as inventory and position changed [31]. - **Strategy Viewpoint**: The black series is in a bottom - game stage and is likely to oscillate weakly in the short - term [31]. Iron Ore - **Market Information**: Iron - ore prices fell, and relevant data such as inventory and basis changed [32]. - **Strategy Viewpoint**: Iron - ore prices will mainly oscillate, and attention should be paid to domestic terminal - demand start - up and policy guidance [33]. Coking Coal and Coke - **Market Information**: Coking - coal and coke prices fell, and relevant data such as inventory and basis changed [34]. - **Strategy Viewpoint**: In the short - term, the upward impetus for coking coal is not strong, and there is a risk of price correction. In 2026, coking coal may have a good upward trend from June to October [36][37]. Glass and Soda Ash - **Market Information**: Glass prices rose slightly, and soda - ash prices also rose slightly, with corresponding inventory and position data changes [38][41]. - **Strategy Viewpoint**: Glass is expected to oscillate, and soda - ash is expected to oscillate weakly and steadily in the short - term [40][42]. Manganese Silicon and Ferrosilicon - **Market Information**: Manganese - silicon and ferrosilicon prices fell, and the technical form was in an oscillating state [43]. - **Strategy Viewpoint**: The market may enter an oscillating and volatility - reducing cycle. The future market of manganese silicon and ferrosilicon depends on the black - market trend, cost - push factors, and supply - contraction expectations [44][45]. Industrial Silicon and Polysilicon - **Market Information**: Industrial - silicon prices rose slightly, and polysilicon prices fell. Relevant data such as inventory and basis changed [47][49]. - **Strategy Viewpoint**: Industrial - silicon prices are expected to be weak, and polysilicon prices are expected to oscillate weakly. Attention should be paid to production changes in upstream and downstream enterprises and demand feedback [48][50]. 3.4 Energy - Chemical Category Rubber - **Market Information**: Rubber prices rose, and relevant data such as production - capacity utilization and inventory changed [52][53]. - **Strategy Viewpoint**: Short - term trading on the disk is recommended, and a hedging strategy of buying NR and selling RU2609 is suggested [55]. Crude Oil - **Market Information**: Crude - oil and related product prices rose [56]. - **Strategy Viewpoint**: A mid - term layout for crude oil is recommended, waiting for the end of geopolitical risks [57]. Methanol - **Market Information**: Methanol prices changed [59]. - **Strategy Viewpoint**: A mid - term strategy of buying at low prices is recommended [60]. Urea - **Market Information**: Urea prices changed, and the basis data was provided [61]. - **Strategy Viewpoint**: A short - position strategy is recommended [62]. Pure Benzene and Styrene - **Market Information**: Pure - benzene and styrene prices rose, and relevant data such as production - capacity utilization, inventory, and profit changed [63]. - **Strategy Viewpoint**: Profits from non - integrated styrene production have been repaired, and a profit - taking strategy is recommended [64]. PVC - **Market Information**: PVC prices rose, and relevant data such as production - capacity utilization, inventory, and cost changed [65][66]. - **Strategy Viewpoint**: The domestic PVC market has a situation of strong supply and weak demand. Short - term factors support prices, and attention should be paid to changes in production capacity and start - up [67]. Ethylene Glycol - **Market Information**: Ethylene - glycol prices rose, and relevant data such as production - capacity utilization, inventory, and profit changed [68]. - **Strategy Viewpoint**: There is a need to increase production cuts to improve the supply - demand pattern. There is a risk of price rebound [69]. PTA - **Market Information**: PTA prices rose, and relevant data such as production - capacity utilization, inventory, and profit changed [70]. - **Strategy Viewpoint**: The PTA inventory - accumulation cycle is about to end, and there is a mid - term opportunity to buy at low prices [71]. p - Xylene - **Market Information**: p - Xylene prices rose, and relevant data such as production - capacity utilization, inventory, and profit changed [72]. - **Strategy Viewpoint**: p - Xylene is expected to maintain an inventory - accumulation pattern in the short - term, and there are mid - term opportunities to buy at low prices following crude - oil trends [73]. Polyethylene (PE) - **Market Information**: PE prices rose, and relevant data such as production - capacity utilization, inventory, and basis changed [74]. - **Strategy Viewpoint**: The downward space for PE valuation exists, and the supply - demand situation is in a seasonal off - peak period [75]. Polypropylene (PP) - **Market Information**: PP prices rose, and relevant data such as production - capacity utilization, inventory, and basis changed [76]. - **Strategy Viewpoint**: The supply - demand situation is weak, and there is a long - term opportunity to buy the PP5 - 9 spread at low prices [77]. 3.5 Agricultural Products Category Hogs - **Market Information**: Hog prices fell, and the supply - demand situation was unbalanced [79]. - **Strategy Viewpoint**: The spot market is expected to be weak, and attention should be paid to the support at the bottom in the medium - term [80]. Eggs - **Market Information**: Egg prices were stable with slight fluctuations, and the supply - demand situation was normal [81]. - **Strategy Viewpoint**: The spot price is expected to have limited decline, and a wait - and - see or short - term trading strategy is recommended [82]. Soybean and Rapeseed Meal - **Market Information**: US soybean export data, Brazilian soybean harvest data, and domestic soybean and meal inventory data were provided [83]. - **Strategy Viewpoint**: Protein - meal prices are expected to oscillate in the short - term [85]. Oils and Fats - **Market Information**: Malaysian palm - oil production, export, and inventory data, as well as domestic and Indian oil inventory data were provided [86]. - **Strategy Viewpoint**: The oil price is currently weak, but a long - position strategy is recommended at low prices in the medium - term [87]. Sugar - **Market Information**: Sugar production data from Brazil, India, Thailand, and China, as well as import data were provided [88]. - **Strategy Viewpoint**: It is not advisable to be overly bearish on the global sugar market. In the short - term, a wait - and - see strategy is recommended for the domestic market, and there may be a rebound after the end of the sugar - pressing season [90]. Cotton - **Market Information**: US cotton export data, domestic cotton inventory and production - capacity utilization data, and relevant policy information were provided [91]. - **Strategy Viewpoint**: US cotton prices rebounded, and a long - position strategy at low prices is recommended for domestic cotton, with attention to downstream start - up [92].

2月24日，河南纵深推进融入服务全国统一大市场大会召开。从会议名称看，以"纵深"破题，意味着这 并非简单的工作部署，而是河南对自身在全国统一大市场中价值定位的再锚定、使命担当的再明确、深 度发力的再动员。 市场，是商品交换的场所、渠道和纽带。融入服务全国统一大市场，从来不是单点优势的比拼，而是全 维度发展的较量。从这个意义上看，"纵深"二字，切中肯綮——河南在全国统一大市场中的价值与定 位，从来不止于"居天下之中"的区位禀赋，更在于经年累月构筑的产业结构、制度优势和开放能级等。 纵深推进融入服务全国统一大市场，就要把国家所需、河南所能、经营主体所盼紧密结合起来，更好地 服务发展大局。 很多人对河南的认知，仍停留在"承东启西、连南贯北"这一标签上。事实上，区位，只是发展的起点； 真正的竞争力，在于如何打造成要素流通通道、产业循环枢纽。"米"字形高铁四通八达，高速公路通车 总里程突破1万公里，郑州机场跻身全球航空货运百万吨级俱乐部，沙颍河黄金水道托起中原"出海 口"……如今，河南已搭建起"空铁公水"立体交通网络，物理意义上的"大纵深"，为要素高效流通铺就 了康庄大道。 大市场里有大纵深。此次大会传递的信号清晰而明 ...

城市计划谋划发展目标确保"十五五"圆满开局优化营商环境推动涉企服务更加主动、精准抓好产 业发展推进重点产业链高质量发展锚定发展方向坚持一张蓝图绘到底□四川日报全媒体记者人勤 春来早。2月24日是农历马年开工首日，四川多地相继召开"新春第一会"。各地会议虽然主题不尽 相同、规模有大有小，但都传递出时不我待、竞相突破的发展冲劲。记者梳理四川各地"新春第一 会"要点，在会议现场捕捉开局之年的工作主线。干劲十足：定目标出政策以往，春节假期后首个 工作日，第一场会议往往聚焦"收心"，但今年四川多地"起步就冲刺"，第一场会议定目标、出政 策，干劲十足。乐山召开全市2026年"谋实事、务实干、创实绩"作风建设专项行动动员部署会 议，以电视电话会议形式开至区县乡镇。为啥"新春第一会"聚焦作风建设？当前乐山正处于爬坡 过坎的关键期，"不怕有差距，就怕没干劲。"因此乐山决心"以作风之变引领发展之变"。今年乐 山要怎么干？这场大会给出答案：明确"五大攻坚行动"，全力以赴稳增长、强工业、兴文旅、惠 民生、优治理，奋力打赢"翻身仗"、圆满开局"十五五"。南充市县处级主要负责同志学习贯彻党 的二十届四中全会精神读书班开班，百余名部门相关 ...

在加强创新型企业、上市企业和外资企业培育方面，将加大专精特新企业培育力度，"十五五"期间，力 争全省年均培育省级专精特新中小企业100家以上，到2030年，省级专精特新中小企业总量达到1800家 以上。将支持培育高新技术企业，到2030年，力争规模以上高新技术企业达到1200家以上。将培育发展 外资企业，力争全省累计新设立外商投资企业500家以上。 在聚焦着力引进优强企业方面，将构建覆盖项目"招引—落地—建设—达产—上规"的全周期服务体系， 实施存量资源招商专项行动，健全央地国有企业合作机制，发挥基金引导作用，着力引进带动性强、成 长性好的优质企业。 转自：贵州日报 （贵阳日报融媒体记者 庭静） 本报讯 近日，省政府办公厅印发《关于培育壮大经营主体的若干政策措施》。《政策措施》明确，到 2030年，全省经营主体总量稳步增长、结构持续优化、质量显著提升，企业占经营主体总量比重提高至 30%左右，"四上"企业总量达到2.5万家左右。 《政策措施》围绕加快建设贵州特色现代化产业体系，强化大抓产业、大抓项目、大抓招商、大抓经营 主体，共出台32条具体政策措施。 在做强做优做大国有企业方面，将引导省属国有企业优质资源向 ...

"制造业与服务业双向奔赴，关乎广东高质量发展大局、现代化建设全局。要以制造业之强牵引服务业 之优，以服务业之优增进制造业之强，在'制造强省'与'服务高地'相互成就中打开产业发展新天地，让 现代化产业体系这棵大树在广东的发展沃土上深深扎根、茁壮成长。"广东省委书记黄坤明在广东省高 质量发展大会上表示。 2月24日，农历丙午马年首个工作日，广东省委、省政府召开全省高质量发展大会。今年，广东高质量 发展大会聚焦"制造业与服务业协同发展"，释放出经济第一大省以"两业协同"锻造新质生产力、抢占产 业新赛道的明确信号。 作为制造业大省和服务业强省，广东现代化产业体系基础雄厚、门类齐全，2025年全省规上工业企业营 业收入、服务业增加值均居全国首位，为建设具有国际竞争力的现代化产业体系奠定了坚实根基。当 前，广东正聚焦制造业发展关键环节，制定实施一批具有突破性、引领性、可操作性的重大政策和改革 举措，推动服务业以前所未有的深度和广度，持续赋能制造业高质量发展。 在此发展趋势下，众多广东制造业企业正经历一场深刻的"进化"，从"造产品"向"做服务"的转型。对广 东企业而言，凝聚制造业和服务业这对"最佳搭档"，将产生怎样的效果？ ...

广东新春第一 会，传来激活县 镇村资源要 素"一池春水"的 潮音_南方+_南 方plus 在梅州市蕉岭县 长潭镇白马村， 一所停用多年的 乡村小学重新亮 起灯光。学校被 改造成"米香中 心"研学基地， 联动长潭水库和 石窟河碧道，形 成米香湾农文旅 示范带。曾经低 效闲置的校舍， 如今成为发展的 新节点，"蕉岭 洱海"成为游客 打卡的网红点。 这个鲜活的案 例，在广东新春 第一会上被分 享，传递了激 活"一池春水"的 讯号。从"沉睡 资产"到"发展引 擎"，小山村的 这场变化背后， 是资源要素向县 镇村加速下沉的 探索。 2月24日下午， 在全省高质量发 展大会"百千万 工程"县域产业 融合与高质量发 展分会场，"推 动资源要素下沉 县镇村"专题研 讨举行，多方代 表围绕相关主题 作交流发言。从 空间保障到金融 支撑，从人才注 入到技术赋能， 多元要素正加快 向县镇村汇聚， 持续增强县域发 展的支撑能力。 "百千万工程"县域产业融合与高质量发展分会场举行"推动资源要素下沉县镇村"专题研讨。谭家富 摄 土地 ▶▷ 从"散乱粗 放"到"空间重 构" "推动资源要素 向县镇村下沉， 首先要推动土地 要素下沉。"广 ...

敢与最优者对标、与最强者比拼、与最快者赛跑，靠什么来实现？ 农历丙午马年新春第一会，山东给出了答案——能干，会干，善干。 敢比是态度，干成是本事。想要对齐"头马"，比的速度、拼的底气、跑的方向，最终都要落在这三 个"干"字上。 （一） 能干，是信心。 2025年，说到山东，就不能不提这样一组数据： 这一年，全省地区生产总值达10.3万亿元、增长5.5%，成为全国第三个、北方第一个GDP突破10万亿元 的省份。规上工业增加值增长7.6%、高于全国1.7个百分点；进出口增长4.5%、高于全国0.7个百分点； 消费增长5.1%、高于全国1.4个百分点。三项主要指标，均跑赢全国。 在经济下行压力下，作为经济大省，山东没有掉队，没有失速，而是跑出高于全国的加速度。这是压舱 石的稳，是"走在前、挑大梁"最基本的底气——山东有能力守住基本盘。 还有一组数据，展现出山东发展的另一重境界： 农林牧渔业总产值超1.3万亿元，稳居全国首位；集成电路圆片增长19.2%，锂电池增长103.1%，工业机 器人增长26.6%；崂山实验室加快建设，8人新当选两院院士、人数为历年最高，高端轮胎阻隔材料打 破国外技术垄断，全球首次完整揭示单个植 ...