（柳浠，从业资格号：F03087689；交易咨询资格号：Z0019538） 昨日铁矿石期货主力合约i2605价格呈现震荡走势，收于762元/吨，较前一个交易日收盘价下跌0.5元/ 吨，跌幅为0.07%，成交11万手，减仓0.9万手。港口现货主流品种市场价格，现青岛港PB粉60.8%763 持平，超特粉653持平。供应端，澳洲受到飓风影响，发运量降幅明显，全球发运量随之大幅降低。需 求端，新增8座高炉检修，11座高炉复产。高炉复产发生在河北、山东、江苏、新疆、江西等地区，检 修的高炉集中在河北、云南、辽宁、江西等地区，铁水产量环比增加1.91万吨至230.49万吨。47个港口 进口铁矿库存环比下降182.56万吨至17732万吨。全国钢厂进口矿库存继续累库387万吨。多空交织下， 矿价或将呈现震荡整理走势。 焦煤： （邱跃成，从业资格号：F3060829；交易咨询资格号：Z0016941） 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 螺纹钢： （邱跃成，从业资格号：F3060829；交易咨询资格号：Z0016941） 昨日螺纹盘面偏弱震荡，截止日盘螺纹2605合约收盘价格为3050元/吨， ...

Group 1: Industrial Production Trends - Industrial production has slightly declined, with a small recovery in blast furnace operation rates, which increased by 0.5% week-on-week and 0.5 percentage points year-on-year to 2.4% [2] - Steel apparent consumption decreased by 5.1% week-on-week and fell by 6.8 percentage points year-on-year to -5.5% [2] - Steel social inventory saw a significant increase, rising by 5.6% week-on-week [2] Group 2: Construction Industry Insights - Cement production showed a slight recovery, but the shipment rate declined, with a week-on-week decrease of 7.7% and a year-on-year drop of 1.7 percentage points to -7.7% [19] - The cement inventory ratio increased, rising by 2.3% week-on-week and 3.2 percentage points year-on-year to 4.2% [19] - The average price of cement decreased by 0.8% week-on-week [19] Group 3: Demand and Consumption Patterns - The average daily transaction area of commercial housing in 30 major cities decreased by 1.6% week-on-week but increased by 2.9 percentage points year-on-year to -19% [37] - The transaction performance varied by city tier, with first-tier and third-tier cities showing resilience, while second-tier cities experienced weakness [37] - Port cargo throughput and railway freight volume both increased year-on-year, with port container throughput rising by 12.0 percentage points to 14.5% [45] Group 4: Price Trends - Agricultural product prices showed divergence, with pork prices stable, egg prices rising by 0.1%, and vegetable and fruit prices declining by 3.1% and 0.3% respectively [76] - The industrial product price index decreased by 1.8% week-on-week, with energy and chemical prices down by 0.9% and metal prices down by 3.6% [85]

Core Insights - The state-owned economy in Chongqing maintained a steady performance in 2025, with total operating revenue increasing by 5.2% year-on-year and total profit rising by 2.1%, while key state-owned enterprises saw a profit growth of 6.2% on a comparable basis [1] Group 1: Economic Performance - In 2025, the total assets of state-owned enterprises reached 5.9 trillion yuan, with a focus on strategic restructuring and professional integration [1] - The loss-making ratio of state-owned enterprises dropped to the lowest level in five years, with over 100 billion yuan in assets revitalized and 47 billion yuan in funds recovered [1] - State-owned enterprises completed investments totaling 227.42 billion yuan, contributing 30.2% to the city's key project investments [1] Group 2: Strategic Initiatives - State-owned enterprises actively participated in major strategies such as the Chengdu-Chongqing economic circle and the Western Land-Sea New Corridor, with significant projects like Chongqing East Station and the T3B terminal of Chongqing Jiangbei International Airport completed [2] - A total of 254 projects were implemented to integrate innovation chains, industry chains, capital chains, and talent chains, with continuous growth in R&D investment and breakthroughs in key technologies [2] - Collaborative efforts among state-owned, central, private, and foreign enterprises resulted in 620 signed projects worth 208.14 billion yuan, including significant partnerships like the headquarters of China Chang'an Automobile Group settling in Chongqing [2] Group 3: Future Goals - In 2026, the focus will be on stabilizing and improving quality, with targets set for a 5% growth in operating revenue and a 5.5% increase in total profit for key state-owned enterprises [3] - The goal includes revitalizing 30 billion yuan of state-owned assets and maintaining a 15% investment share in strategic emerging industries, with R&D investment growth targeted at 8% [3] - The aim is to enhance the core business capabilities and competitiveness of state-owned enterprises while implementing a "double first-class" initiative to build modern enterprises and cultivate well-known brands [3]

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 2026-02-13 节前需求回落，盘⾯表现承压 假期临近钢材端累库加快，基本⾯缺乏亮点，盘⾯表现疲软。铁矿⽯ 总库存压⼒持续增加，当前市场对节后需求预期⼀般，盘⾯表现承 压。煤炭供应端存在扰动，煤矿节前放假增多，但煤焦补库进⼊尾 声，需求⽀撑有限，盘⾯低位宽幅震荡。玻纯供需过剩压制盘⾯价 格。 假期临近钢材端累库加快，基本面缺乏亮点，盘面表现疲软。铁矿石 总库存压力持续增加，当前市场对节后需求预期一般，盘面表现承 压。煤炭供应端存在扰动，煤矿节前放假增多，但煤焦补库进入尾 声，需求支撑有限，盘面低位宽幅震荡。玻纯供需过剩压制盘面价 格。 1. 铁元素方面：铁矿石库存压力持续增加，供应端仍存天气扰动预 期，当前市场对节后需求预期一般，盘面表现承压，但节后即将召开 重要会议，宏观预期仍存，盘面快速回落后压力有所释放，关注市场 情绪变化。废钢供应、日耗均有季节性下降的预期，钢厂补库基本结 束，预计节前现货价格震荡。 2. 碳元素方面：焦炭供应后续增长空间有限，而下游钢厂复产预期 仍在，焦炭供需结构将持续保持健康，但基本面利多驱动同样有 ...

Group 1 - The core viewpoint of the articles highlights the successful application of full-specification nickel-based steel in large LNG storage tanks, breaking foreign monopolies, and the significant energy consumption reduction of over 70% achieved through the ESP production technology [1][3][4] - The steel industry in Rizhao is rapidly advancing towards the high-end of the global value chain, driven by technological innovation, which is seen as the key variable for high-quality development [2][4] - A collaborative effort involving over a hundred personnel from management to frontline workers has led to breakthroughs in developing high-value-added products, addressing challenges such as deformation in ultra-thin steel plates [6][10] Group 2 - The digital transformation rate in Rizhao's steel industry has reached 97%, with over 90% of key processes being numerically controlled, showcasing a significant shift towards intelligent manufacturing [10][11] - The local government is actively supporting the steel industry's technological upgrades and environmental initiatives, including a carbon capture project that is nearing completion [9][12] - Environmental investments by steel companies in Rizhao have exceeded 15 billion yuan, resulting in substantial reductions in major pollutants since 2020, indicating a strong commitment to green transformation [13]

热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 来源：期货日报 众所周知，冬储曾是冬季钢材市场的一大特色，是钢贸商博取春节后行情的一种手段。 最近两年，钢贸商出于稳健考量，主动冬储意愿进一步降低，大幅减少冬储量，或直接放弃冬储。华宝 期货黑色分析师赵毅说，根据调研数据，今年明确主动冬储的企业占比不足30%，企业更多是被动冬 储，也有超三成的企业放弃冬储。今年春节时间较晚，考虑到节后工地复工多在农历正月十五之后，钢 材的需求空置期较以往更长，企业的冬储意愿进一步降低。 "近几年，在需求下行的背景下，建筑钢材行情节后多数走弱，市场冬储获利连年落空，钢贸商对冬储 的热情下降明显，今年冬储也已接近尾声，主动冬储的客户不多，大部分商家选择观望。"宝城期货黑 色系研究员涂伟华说。 钢贸商当前囤货情况如何？赵毅告诉记者，尽管冬储意愿较低，但现在已经进入社会库存累积阶段。根 据钢联数据，截至2月5日当周，螺纹钢总库存为519.57万吨，环比上升44.04万吨，同比下降185.81万 吨。其中，社会库存为365.92万吨，环比上升39.52万吨；钢厂库存为153.65万吨，环比上升4.52万吨。 由此可见，螺 ...

Core Viewpoint - The steel industry in Rizhao, Shandong, is rapidly advancing towards high-end production and innovation, breaking foreign monopolies with new technologies and products, particularly in the field of nickel-based steel for LNG storage tanks and other applications [1][2][3]. Group 1: Technological Innovations - The successful application of full-spec nickel-based steel in 270,000 cubic meter LNG storage tanks marks a significant achievement, breaking foreign monopolies [1]. - The ESP (Endless Strip Production) technology has reduced steel energy consumption by over 70% [1]. - A team of over 100 personnel at Rizhao Steel is conducting extensive experiments to address challenges in producing ultra-thin steel plates [5]. Group 2: Industry Upgrading and Market Demand - The shift of steel production capacity from inland to coastal areas in 2017 highlighted issues of low product structure and severe homogenization in the industry [2]. - The demand for high-end steel products is driving the industry to innovate and upgrade, with a consensus that technological content is crucial for new momentum in the steel sector [5][6]. Group 3: Digital Transformation - Rizhao's steel industry is undergoing a digital transformation, with a 97% digitalization rate among key enterprises and over 90% of critical processes being numerically controlled [9]. - The development cycle for special steel has been reduced from six months to under one month due to the establishment of a digital R&D platform [9]. Group 4: Environmental Initiatives - The city is actively promoting green production, with over 15 projects breaking foreign monopolies in technology, and significant investments in environmental protection exceeding 15 billion yuan [11]. - Emissions of major pollutants have decreased significantly since 2020, with reductions of 44% for sulfur dioxide and nitrogen oxides, and 12% for particulate matter [11]. Group 5: Collaborative Efforts - The Rizhao government is facilitating collaboration between enterprises and academic institutions to enhance technological innovation and results transformation [5][8]. - The establishment of various national and provincial technology innovation platforms is supporting the development of high-value-added products [5].

经济观察网近7天Luda Technology Group Limited股价呈现显著波动，区间振幅达16.06%。具体表现如 下：价格走势：02月09日收盘价6.31美元(单日跌0.63%)，02月10日涨至6.65美元(单日涨5.39%)，02月11 日进一步升至6.85美元(单日涨3.01%)，但02月12日大幅回调至6.43美元(单日跌6.13%)。区间累计涨幅为 1.26%，但02月12日的下跌主导了近期走势。交易特征：02月12日成交金额仅19,034美元，换手率 0.01%，流动性较低可能放大波动。当日美股大盘疲软(纳斯达克指数跌1.90%)，且所属钢铁板块整体下 跌1.28%，或加剧个股压力。波动背景：同期美股市场受科技股抛售潮影响，资金转向防御性板块，但 Luda作为小市值股(总市值1.46亿美元)，更易受资金面和情绪面扰动。 以上内容基于公开资料整理，不构成投资建议。 ...

为推动促消费政策红利直达企业，实现供需两端的精准对接，2月11日，淮阴区商务局开展促消费政策进企业活动，走进中天钢铁集团（淮安）新材料有 限公司，将惠民政策送到员工身边。 下一步，淮阴区商务局将持续深化消费品以旧换新"五进"惠民行动，不断拓宽政策覆盖面和影响力，充分激发消费市场潜能，实现政策力度与市场热度的 同频共振。 来源：淮阴区商务局 审核：郭晓瑾、詹凌峰 审签：周 菲 活动现场，淮阴区商务局通过面对面解读、答疑和指导，详细向企业员工介绍汽车、家电、手机数码产品的以旧换新补贴标准、申领流程和时限，同步开 展"千万补贴 乐购淮阴"汽车促消费和"福满淮阴 票兑好礼"发票抽奖活动宣传，累计发放政策宣传页650余份。 活动特邀本土家电企业年年旺电器和中国移动银川路营业厅参与，零距离指导企业员工沉浸式体验手机、智能手表、智能耳机、平板等电子产品，感受新 的时尚潮流生活方式。 ...

钢贸商当前囤货情况如何？赵毅告诉记者，尽管冬储意愿较低，但现在已经进入社会库存累积阶段。根 据钢联数据，截至2月5日当周，螺纹钢总库存为519.57万吨，环比上升44.04万吨，同比下降185.81万 吨。其中，社会库存为365.92万吨，环比上升39.52万吨；钢厂库存为153.65万吨，环比上升4.52万吨。 由此可见，螺纹钢累库的主要增量来自社会端。社会库存的上升更多是钢贸商被动冬储行为导致的。也 就是说，由于冬季建筑施工需求快速萎缩，叠加春节假期因素，贸易商的库存无法继续向下传导，而钢 厂资源到货行为仍在延续，引发了社会库存走高。目前市场上的投机性囤货量较往年大幅降低，更倾向 于轻库存、快周转的业务模式。当前的社库累积情况更多是供需错配导致。 "目前来看，商家对后期行情预期偏谨慎，主动冬储意愿不强，多数处于被动冬储状态，且各地表现也 有差异。据钢联调研，杭州地区贸易商的积极性相对较强，目前已经明确冬储政策的钢厂的建材计划量 在113.5万吨左右，要高于去年，但多数是以后结算模式、期现套利介入为主，主动博行情占比有限。 其他地区冬储意愿较为有限，河南地区商家冬储意愿不强，今年冬储的客户数量以及冬储量为近 ...