1. Report Industry Investment Ratings - **Negative Outlook**: Copper, iron ore, p-xylene, PTA, MEG, synthetic rubber, LLDPE, PVC [8][47][71][83][86][131] - **Neutral Outlook**: Gold, silver, zinc, lead, tin, aluminum, alumina, cast aluminum alloy, platinum, palladium, nickel, stainless steel, lithium carbonate, industrial silicon, polysilicon, rebar, hot-rolled coil, ferrosilicon, silicomanganese, coke, coking coal, thermal coal, log, benzene, styrene, soda ash, LPG, propylene, fuel oil, low-sulfur fuel oil, container shipping index (European line), staple fiber, bottle chips, offset printing paper, pure benzene, soybean meal, soybean, corn, sugar, cotton, eggs, peanuts [5][11][15][18][25][28][32][39][44][51][56][60][64][66][114][116][122][123][134][136][145][148][153][157][160][163][167][172][181] - **Positive Outlook**: None 2. Core Views - The report provides an in - depth analysis of various commodities, including their price trends, supply - demand relationships, and market news. It emphasizes the importance of considering macro - economic factors, industry policies, and geopolitical events when evaluating investment opportunities in the commodity market. For example, factors such as international trade agreements, central bank policies, and geopolitical tensions can significantly impact commodity prices [7][12][31]. 3. Summary by Commodity Precious Metals - **Gold**: Expected to rebound in a volatile manner, with China's central bank increasing its gold reserves for the fifteenth consecutive month [5][7]. - **Silver**: Likely to decline from its high level [5]. - **Platinum and Palladium**: Platinum is expected to recover in a volatile state, while palladium rebounds following the precious metals sector [28]. Base Metals - **Copper**: Trading is cautious, and prices are volatile. Industry news includes potential changes in copper resource reserves and production adjustments by major companies [8][10]. - **Zinc**: Prices are expected to fluctuate within a range [11]. - **Lead**: Supply and demand are both weak, and prices are volatile [15]. - **Tin**: Prices are in a consolidation phase [18]. - **Aluminum**: Attention should be paid to post - holiday inventory reduction. Alumina prices are expected to converge in a volatile manner, and cast aluminum alloy prices follow those of electrolytic aluminum [25]. - **Nickel**: Affected by pre - holiday capital outflows, the medium - term contradiction lies in Indonesia. Stainless steel has frequent maintenance and production cuts in February, and cost support has shifted upwards [32]. Energy and Chemicals - **Crude Oil - related**: The report does not directly cover crude oil, but related products such as fuel oil and low - sulfur fuel oil are analyzed. Fuel oil is in a narrow - range adjustment, and the short - term weakness has eased. Low - sulfur fuel oil is in a weak and volatile state, and the spot price spread between high - and low - sulfur fuels continues to decline [134]. - **Chemicals**: PX is in a pre - holiday range - bound market with a weakening monthly spread. PTA is in a range - bound market, and MEG requires range - bound operations. Synthetic rubber is under pressure and volatile. LLDPE has a narrowing import window and is in a pre - holiday volatile market. PP has limited valuation repair, and export weekly orders are declining. Caustic soda has rising costs and a low valuation [71][83][86][89][92]. Agricultural Products - **Soybean and Related Products**: Overnight US soybeans rose slightly, and Dalian soybean meal may fluctuate. The spot market for soybeans is gradually entering the holiday mode, and the futures price is volatile [157]. - **Corn**: The decline is expected to be limited [160]. - **Sugar**: Prices are in a narrow - range consolidation [163]. - **Cotton**: Prices are expected to remain volatile before the holiday [167]. - **Eggs**: Prices are in an oscillatory adjustment [172]. - **Hogs**: The peak season is confirmed to be weak, and the release of the "backlog" has begun [176]. - **Peanuts**: Prices are in an oscillatory state [181]. Others - **Iron Ore**: Stockpiling is nearing completion, and demand expectations are weakening [47]. - **Rebar and Hot - Rolled Coil**: The apparent demand has weakened month - on - month, and prices are in a wide - range oscillation [51][52]. - **Ferrosilicon and Silicomanganese**: There is a game between fundamentals and sentiment, and prices are in a wide - range oscillation [56]. - **Coke and Coking Coal**: Prices are in a high - level oscillation [60]. - **Thermal Coal**: Prices are expected to remain stable before the holiday [64]. - **Log**: Port arrivals are low, and spot prices are rising steadily [66]. - **Container Shipping Index (European Line)**: The market is oscillatory [136]. - **Staple Fiber and Bottle Chips**: The short - term market is oscillatory [145]. - **Offset Printing Paper**: Short positions should stop losses and exit [148]. - **Pure Benzene**: Prices are in a strong and volatile state [153].

废钢早报 研究中心黑色团队 2026/02/09 | 日期 | 华东 | 华北 | 中部 | 华南 | 东北 | 西南 | | --- | --- | --- | --- | --- | --- | --- | | 2026/02/02 | 2191 | 2270 | 2061 | 2237 | 2218 | 2108 | | 2026/02/03 | 2194 | 2269 | 2063 | 2234 | 2218 | 2108 | | 2026/02/04 | 2194 | 2267 | 2063 | 2233 | 2216 | 2108 | | 2026/02/05 | 2194 | 2266 | 2063 | 2228 | 2212 | 2108 | | 2026/02/06 | 2194 | 2264 | 2063 | 2224 | 2215 | 2107 | | 环比 | 0 | -2 | 0 | -4 | 3 | -1 | 免责声明: 以上内容所依据的信息均来源于交易所、媒体及资讯公司等发布的公开资料或通过合法授权渠道向发布人取得的资讯，我们力求分析及建议内 容的客观、公正，研究方法专业审慎，分 ...

Core Viewpoint - The 2025 He Liang He Li Foundation Science and Technology Award was announced on February 2, 2026, recognizing 54 outstanding scientists, with Wang Xindong from Hebei Iron and Steel Group receiving the "Science and Technology Innovation Award - Industrial Innovation Award" [1][4][5]. Group 1: Award Details - The He Liang He Li Foundation, established in 1994 by patriotic financiers in Hong Kong, aims to reward outstanding Chinese scientists and has recognized 1,692 scientists over 31 years [5][8]. - The award is considered a significant indicator of academic excellence in China, often referred to as the "Academician Wind Vane" [1][5]. Group 2: Wang Xindong's Background - Wang Xindong, born in November 1962, is a professor-level senior engineer with a degree in metallurgical engineering from Hebei University of Mining and Technology [4][7]. - He has held various significant positions, including Vice General Manager and Chief Technology Officer at Hebei Iron and Steel Group, and is currently the honorary director of the Hebei Metal Society [4][7]. Group 3: Contributions and Achievements - Wang has focused on steel process engineering design and technology research, developing key technologies for green and intelligent transformation in the steel industry, including ultra-low emissions and waste heat recovery [5][8]. - He has received multiple awards, including two second-class National Science and Technology Progress Awards and seven first-class provincial and ministerial awards [5][8]. - Wang led the development of the world's first million-ton hydrogen metallurgy demonstration project and has been instrumental in the technological transformation of the Serbian steel plant [4][7].

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 钢材：现货进入休市阶段，期货盘面弱势整理 （邱跃成，从业资格号：F3060829；交易咨询资格号：Z0016941） 螺纹方面，本周全国螺纹产量环比回落8.15万吨至191.68万吨，农历同比减少1.61万吨；社库环比回升 39.52万吨至365.92万吨，农历同比增加65.3万吨；厂库环比回升4.52万吨至153.65万吨，农历同比增加 28.28万吨；螺纹表需环比回落28.76万吨至147.64万吨，农历同比减少37.51万吨。螺纹产量明显回落， 库存累积幅度加快，表需大幅下降，供需数据表现偏弱。近期螺纹需求回落幅度明显大于供应下降幅 度，螺纹库存累积加快，目前螺纹总库存农历同比已经增加93.58万吨，供需压力有所加大。目前长流 程钢厂仍有一定的利润空间，铁水产量处于相对高位，市场对于节后钢厂复产进度快于需求复苏进度仍 有较明显担忧，节后库存面临较大的消化压力。同时，近期铁矿石、煤焦库存持续累积，随着钢厂补库 结束，原料端价格连续下跌，原料对钢价支撑力度减弱，短期黑色呈现一定的负反馈压力。下周现货市 场将进入春节假期休市阶段，期货盘面更多围 ...

重磅研报 持股过节 今日概览 证券研究报告 | 朝闻国盛 gszqdatemark 2026 02 09 年 月 日 | 【宏观】高频半月观—数据进入"假期模式"——20260208 | | --- | | 【金融工程】持股过节——20260208 | | 【金融工程】择时雷达六面图：本周资金面和宏观基本面弱化—— | | 20260207 | | 【固定收益】持债过节——20260208 | | 【固定收益】资金更为宽松，政府债融资将回落——流动性和机构行为 | | 跟踪——20260207 | | 【建筑材料】竣工端建材将迎来长周期拐点——20260208 | | 【电力设备】钙钛矿：迎来 GW 级量产——20260206 | 【钢铁】方大特钢（600507.SH）-成本优势明显，增长潜力突出—— 20260208 朝闻国盛 研究视点 【煤炭】印度扩产炼钢提振焦煤需求，拟加码美国进口优化供应格局— —20260208 【房地产】C-REITs 周报——双轨并行，商业不动产 REITs 密集上报—— 20260207 【计算机】新国都（300130.SZ）-年报业绩符合预期，软硬出海+港股 上市加速全球化布 ...

投资咨询系列报告 山金期货黑色板块日报 更新时间：2026年02月09日08时18分 一、螺纹、热卷 投资咨询系列报告 需求方面，上周247家样本钢厂螺纹产量小幅下降，表观需求环比回落，总库存继续回升，五大品种总产量小幅下降，库存继续增加，表观需求环比 回落。目前市场仍处于消费淡季，铁水产量大概率仍将沿着季节性趋势回落 ，上周 247 家样本钢厂日均铁水产量小幅增加 0.6 万吨，钢材以及铁水 产量整体处于季节性低位，暂时不会大幅上升，回落的空间也不大，钢厂补库也接近尾声，市场更加关注春季消费需求情况。供应端，全球发运小 幅上升，后期受南半球季节性因素的影响，发运预计将回落至年内低位。到港量下降，港口库存的不断回升并创纪录高位 。技术面上，期价承压下 行，日 K 线上，价格已经跌破 60 日均线和布林带下轨，有可能形成向下的有效突破 报告导读： 供需方面，上周247家样本钢厂螺纹产量小幅下降，表观需求环比回落，总库存继续回升，五大品种总产量小幅下降，库存继续继续增加，表观需求 环比回落。整体来看，目前市场整体处于消费淡季，产量、需求处于低位，库存从低位快速增加。近期股市、贵金属及有色回调带动市场情绪走弱 对整 ...

"十五五"规划建议将"建设现代化产业体系，巩固壮大实体经济根基"摆在战略任务的首位。2026年，中 国制造将锚定"稳"的目标，发挥经济发展"压舱石"作用；迈出"进"的步伐，推动产业结构优化升级；激 发"新"的动能，让科技创新与产业创新同频共振；释放"活"的潜力，引导各类经营主体主动突破。破困 局，开新局，继续彰显中国智造的磅礴伟力。 稳：夯实实体根基 翻开"总体规模有望连续16年位居全球第一"的辉煌一页，踏着韧性十足、潜力涌动、活力迸发的步伐， 中国制造昂首迈入"十五五"开局之年。这一年，承前启后与深度转型并进，传统制造模式调整与新质生 产力培育将深度交融，产业发展的战略机遇和风险挑战相伴相生；这一年，稳住基本盘与新旧动能转换 同行，传统产业焕新与新兴产业壮大将同向发力，高质量发展的坚实根基和长远动能不断筑牢。 中国制造量的合理增长，能稳固经济发展底盘，夯实实体经济根基，为"十五五"开局蓄势赋能，是支撑 产业质的有效提升的基础和根本，更是我们奋进路上的底气与力量。 稳，是稳住重点地区。发挥工业大省挑大梁作用，是工业经济稳增长的关键一招。从总量看，重点行业 和重点地区的工业增加值占工业总量的80%，是工业经济的 ...

在李斌看来，破题之道在于协同推进"四轮驱动"：以布局优化推动整合升级，打造具有全国竞争力的钢 铁企业集团；以链式协同深化产业联盟，提升本土资源转化与要素配置效率；以科技攻坚突破关键材料 技术瓶颈，创新驱动产业向高端化跃升；以数智浪潮赋能标杆工厂建设，重塑生产流程与管理模式。 "尤其要认识到，人工智能正成为传统制造业培育新质生产力的核心引擎。"他透露，智慧配煤、智能炼 钢等一批"人工智能+制造"典型应用场景已在柳钢落地，在降本、提质、增效方面取得了积极进展。 "说一千道一万，关键在于行动。"李斌收起笔记，目光坚定，"钢铁产业作为广西工业的重要支撑，必 须拼在前、干在实。我们有决心，更有信心。" "这次讨论主题是加快构建体现广西特色和优势的现代化产业体系，这正切中了我们钢铁产业发展的关 切。"李斌停下脚步，对迎上来的记者开门见山。 他今年带来的提案，聚焦广西十大现代化支柱产业之一的先进钢铁材料，探讨其如何实现高端化、智能 化、绿色化转型，为加快建设现代化产业体系提供支撑。 "我们有基础、有优势，但也有短板。"他直言，产业集中度偏低，资源要素配置成本较高，产品档次有 待提升，同质化现象较为突出，产业链集群的协同效应 ...

2月8日上午，张家港市体育馆，2026年"春暖人心·就在江苏"专场活动现场，当地政府为留岗过年 的非苏州籍人员送出价值100万元的文体旅新春消费券，每人500元的慰问补贴，还为返乡过年大学生送 上1万多个优质岗位，将持续一个多月的省、市、县三级联动开展的春暖人心促就业活动推向高潮。 江苏是就业大省、用工大省。为了让外来劳动者安心留苏，江苏很多地方政府以家的温暖邀请外来 人员家属家人"反向团圆"，在江苏过年。 镇江以市委、市政府的名义邀请春节假期连续生产经营企业在岗外来从业人员的家属来当地过团圆 年，并送上每户最高1400元的交通、住宿现金补贴，以及价值近2000元的餐饮、购物、出行等消费优惠 权益。南通市人社部门向春节留岗的外来建设者及其家人送出礼包——在南通参保，春节期间在连续生 产经营的规上工业、服务业企业正常上班的外来员工，如父母、配偶、子女2月14日至23日来南通团 聚，可享受最高800元的交通补贴和最高600元的住宿补贴。江阴市推出"邀亲来澄过大年"活动，引导全 市企业开展节日慰问活动，通过"亲情红包"、集体过大年、年味文娱活动等，邀请外地员工家属来 澄"全家福"式过年，打造"一人就业、全家团聚"的 ...

其中，建筑钢材库存总量为381.90万吨，较上周增加44.45万吨（+13.17%)，包含30个城市，共计79个仓 库。热卷库存总量为223.81万吨，较上周增加12.98万吨（+6.16%)，包含15个城市，共计47个仓库。中 厚板库存总量为74.80万吨，较上周增加1.80万吨（+2.47%)，包含9个城市，共计14个仓库冷轧涂镀库存 总量为118.80万吨，较上周增加0.30万吨（+0.25%)，包含5个城市，共计14个仓库。 新华财经北京2月9日电钢银电商最新数据显示，截至2月9日当周，全国38个城市，共计135个仓库的城 市钢材总库存量为799.31万吨，较上周环比增加59.53万吨，增幅8.05%。 （文章来源：新华财经） ...