基 金 ETF 基金周报（20251006-20251010）： 战略金属与新兴产业的双重驱动 稀土板块仍具备投资价值 2025 年 10 月 13 日 投资要点 分析师：李荣 SAC 执业证书编号： S0340521010001 基金从业资格证书编号： F4520000001431 电话：0769-26628039 邮箱：lirong@dgzq.com.cn 研 究 本报告的风险等级为中高风险。 本报告的信息均来自已公开信息，关于信息的准确性与完整性，建议投资者谨慎判断，据此入市，风险自担。 请务必阅读末页声明。 证 券 研 究 报 告 资料来源：东莞证券研究所，Wind 资讯 各类ETF基金周度平均收益及资金流动概览：本周全球大类资产显著分 化。日经指数在高市早苗大概率当选女首相等消息影响下跳空涨超5%， 而美国市场受政府停摆影响及贸易摩擦升级的影响，三大指数均跌超2%， 港股市场同步调整，而传统避险资产黄金一度再创出历史新高。国内权 益市场方面，价值风格优于成长风格。在ETF基金方面，商品型ETF和货 币型ETF基金周度平均收益为正，其他类型ETF基金均录得负收益。本周 ETF基金资金流动情况并不显著， ...

Core Viewpoint - The stock of China Rare Earth experienced a significant increase, reaching a daily limit up with a turnover rate of 11.02% and a transaction volume of 6.813 billion yuan, indicating strong market interest and volatility [2] Trading Activity - The stock was listed on the daily trading board due to a price deviation of 10.74%, with institutional investors net selling 77.2897 million yuan and the Shenzhen Stock Connect net selling 35.8986 million yuan [2] - The top five trading departments accounted for a total transaction volume of 1.579 billion yuan, with a net buying amount of 267 million yuan [2] - The main buying department was Guotai Junan Securities, which bought 512.8444 million yuan and sold 69.11 million yuan [3][4] Financing and Margin Data - As of October 10, the margin trading balance for the stock was 2.372 billion yuan, with a financing balance of 2.349 billion yuan and a securities lending balance of 23.0133 million yuan [3] - Over the past five days, the financing balance increased by 9.8695 million yuan, representing a growth of 0.42%, while the securities lending balance rose by 9.2315 million yuan, showing a significant increase of 66.98% [3] Market Sentiment and Trends - The stock has appeared on the trading board five times in the past six months, with an average price increase of 2.50% the day after being listed and an average increase of 4.57% over the following five days [2] - The net inflow of main funds for the stock today was 291 million yuan, with a significant inflow of 502 million yuan from large orders, while large orders saw a net outflow of 211 million yuan [2]

Core Viewpoint - The China Rare Earth Industry Association plans to hold the 2025 Rare Earth Metals and Alloys Annual Conference in Hangzhou from November 6 to 8, 2025, focusing on the theme "Rare Earth Metals and Alloys, Supporting New Development in Materials" [1] Group 1 - The conference will address the application of rare earth metals and alloys in the metal materials industry and the collaborative development of China's rare earth resources [1] - Experts from research, production, and application fields will deliver keynote speeches during the event [1] - Participants will collaborate on innovative development in the application industry supported by rare earth resources [1]

Core Viewpoint - Despite the impact of U.S. President Trump's tariff comments leading to a significant drop in the FTSE China A50 index, the A-share market showed resilience with only a slight decline, indicating strong market dynamics in the face of external pressures [1] Group 1: Market Performance - The A-share market experienced a minor decline of 0.19% after a significant rebound from an initial drop, with the Shanghai Composite Index nearly recovering to positive territory [1] - The rare earth permanent magnet sector led the market, with 19 stocks in the sector hitting the daily limit or rising over 10% [1] Group 2: Policy and Regulatory Changes - The Ministry of Commerce, in conjunction with the General Administration of Customs, announced new measures to strengthen rare earth export controls, including increased regulation on five categories of medium and heavy rare earths [1][2] - The recent policy changes expand the scope of export controls to include technologies and equipment related to the entire rare earth industry chain, impacting sectors such as semiconductors and artificial intelligence [2] Group 3: Price Adjustments and Forecasts - Industry leaders North Rare Earth and Baotou Steel announced a price increase for rare earth concentrates, with the new price set at 26,205 yuan per ton (excluding tax), reflecting a 37.13% increase from the previous quarter [1] - North Rare Earth projected a net profit of 1.51 to 1.57 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 272.54% to 287.34% [1] Group 4: Demand and Supply Dynamics - The demand for rare earths is expected to grow due to the rapid development of emerging sectors such as wind power, electric vehicles, and robotics, which are supported by government policies [3] - The rare earth price index remains above levels seen in early August, despite a recent decline, indicating potential for future price stability [3][4]

智通财经10月13日讯，市场全天震荡回升，三大指数低开高走，科创50指数低开近3%，午后翻红大涨逾1%。沪深两市成交额2.35万亿，较上一个交易日缩 量1609亿。盘面上，市场热点轮番活跃。稀土永磁板块持续走强，银河磁体、中国稀土、北方稀土等多股涨停。芯片产业链也掀起涨停潮，新莱应材、凯美 特气、至纯科技等10余股涨停。有色金属板块再度活跃，中国瑞林、西部黄金3天2板。板块方面，稀土永磁、有色金属、半导体等板块涨幅居前，汽车零部 件、游戏等板块跌幅居前。截至收盘，沪指跌0.19%，深成指跌0.93%，创业板指跌1.11%。 板块方面 板块上，稀土板块全线爆发，银河磁体、惠城环保、中国稀土、北方稀土、华宏科技、北矿科技、广晟有色等10余股涨停。 消息面上，包钢股份、北方稀土10月10日晚间发布公告称，上调2025年第四季度稀土精矿关联交易价格。据悉，北方稀土将2025年第四季度稀土精矿交易价 格调整为不含税26205元/吨（干量，REO=50%），环比增长37%。REO（稀土氧化物）每增减1%，不含税价格增减524.10元/吨。 稀土作为高端制造与战略新兴产业的核心资源，正呈现供需两端共振格局，一方面，我国通过 ...

美国政府停摆到连就业数据都发不出来，中国的十一假期人均消费再降一层，双方都有要忧虑的事情。大国不止有科技，还有民生，民生占99%，但此时 都被那战略性的1%牵制住了精力。 我们其实也想把重心转移回国内的。 有一条消息其实很多人忽略了。BB社多篇报道称，中国在与美国的上一轮谈判中提出过以大规模增加对美直接投资，作为交换，希望美方放宽对中国投 资及企业交易的限制措施。据称这一提议发生在9月的马德里会谈中，中方曾提出大规模的投资额度，并在谈判中还要求美方降低中国企业在美建厂所需 进口原材料的关税，以及希望美国在敏感问题上调整政策立场。 关于这次升级，如果一定要阅读，读培风客的《贸易战升级》和tuzhuxi的《中美贸易战推演》两篇基本足够了（包括我这篇啰嗦也不重要），我也赞同 他们整体乐观的倾向和分析判断。只不过想补充一个可能的低概率暧昧情形，即摩擦时间比预期长，且截至月底的APEC会议也没有定论，而非速战速决 快速TACO。 这次摩擦市场在经验上有准备，但心理上不太有准备。一方面，市场有了4月V型走势的经验，对TACO的预期更强，对后续走势有了参照物。目前几乎所 有研究预测的基调都是会缓和，逢低买的声音比较强。但没 ...

中国稀土今日涨停，成交额68.13亿元，换手率11.02%，盘后龙虎榜数据显示，深股通专用席位买入 1.62亿元并卖出1.98亿元，有1家机构专用席位净卖出7728.97万元。国泰海通证券北京国贸营业部席位 净买入5.12亿元。 ...

转自：智通财经 【龙虎榜|中国稀土今日涨停 国泰海通证券北京国贸营业部席位净买入5.12亿元】智通财经10月13日 电，中国稀土今日涨停，成交额68.13亿元，换手率11.02%，盘后龙虎榜数据显示，深股通专用席位买 入1.62亿元并卖出1.98亿元，有1家机构专用席位净卖出7728.97万元。国泰海通证券北京国贸营业部席 位净买入5.12亿元。 ...

每经AI快讯，10月13日，中国稀土（000831）涨停，成交额68.13亿元，换手率11.02%，盘后龙虎榜数 据显示，深股通专用席位买入1.62亿元并卖出1.98亿元，有1家机构专用席位净卖出7728.97万元。国泰 海通证券北京国贸营业部席位净买入5.12亿元。 ...

中国稀土今日涨停，成交额68.13亿元，换手率11.02%。盘后龙虎榜数据显示，深股通专用席位买入1.62亿元并卖出1.98亿元，有1家机构专用席位净卖出 7728.97万元。国泰海通证券北京国贸营业部席位净买入5.12亿元。 | 公告日期 2025-10-13 | 异常期间 无 | | | | | --- | --- | --- | --- | --- | | 中国稀土 (000831) | 成交量 | 116,924,284 份/股 | 成交金额 | 6,813,013,176 元 | | 口价格涨幅值率估计可10770% | | | | | | 买 | 会员营业部名称 | 买入金额 | 卖出金额 | | | --- | --- | --- | --- | --- | | | | (元) | (元) | | | 买1 | 国泰海通证券股份有限公司北京国贸证 券营业部 | 512,844,400 | | 691,122 | | 买2 | 深股通专用 | 161.951.766 | 197.850.323 | | | 买3 | 中国银河证券股份有限公司荆门证券营 业部 | 136.954.894 | 137, ...