Investment Rating - The report maintains an "Overweight" rating for the steel industry [5]. Core Insights - Demand is expected to gradually stabilize, while supply-side constraints are anticipated to continue, leading to a potential recovery in the steel industry's fundamentals [3][4]. - The report highlights that despite a long period of micro-profitability in the industry, market-driven supply adjustments have begun, and if supply policies are implemented, the pace of supply contraction may accelerate [3][4]. Summary by Sections Steel Market Overview - The apparent consumption of the five major steel products was 8.2612 million tons, a decrease of 1.77% week-on-week but an increase of 4.33% year-on-year [6]. - The total steel inventory was 12.47 million tons, down 0.55% week-on-week, maintaining a low level [6]. - The average profit margin for rebar was 199.4 CNY/ton, down 15.2 CNY/ton from the previous week [6]. Production and Capacity Utilization - The production of five major steel products was 8.192 million tons, a slight increase of 0.08% week-on-week [6]. - The operating rate of blast furnaces in 247 steel mills was 78.84%, down 0.47 percentage points from the previous week [6][29]. - The capacity utilization rate for these mills was 85.48%, down 0.56 percentage points week-on-week [6][29]. Raw Material Prices - Iron ore spot prices remained unchanged, while futures prices decreased by 0.31% to 812 CNY/ton [48]. - The port inventory of iron ore rose to 165.55 million tons, an increase of 1.72% [52]. - The total shipment volume from major iron ore producers decreased, with Brazil's shipments down 7.37% and Australia's down 2.29% [53][61]. Recommendations - The report recommends focusing on companies with leading technology and product structures, such as Baosteel and Hesteel, as well as those with competitive advantages like CITIC Special Steel and Yongjin Materials [6].

Investment Rating - The report maintains an "Overweight" rating for the steel industry [6]. Core Insights - Demand is expected to gradually stabilize, while supply-side constraints are anticipated to continue, leading to a potential recovery in the steel industry's fundamentals [3][4]. - The report highlights that despite a long period of micro-profitability in the industry, market-driven supply adjustments have begun, which could accelerate the industry's upward progress if supply policies are implemented [3][4]. Summary by Sections Steel Market Overview - The apparent consumption of five major steel products was 8.2612 million tons, a decrease of 1.77% week-on-week but an increase of 4.33% year-on-year [6][20]. - Total steel inventory was 12.47 million tons, down 0.55% week-on-week, maintaining a low level [6][12]. - The average profit margin for rebar was 199.4 CNY/ton, down 15.2 CNY/ton from the previous week [6][41]. Production and Capacity Utilization - The operating rate of blast furnaces in 247 steel mills was 78.84%, a decrease of 0.47 percentage points from the previous week [6][29]. - The capacity utilization rate for these mills was 85.48%, down 0.56 percentage points week-on-week [6][29]. - The total steel production was 8.1921 million tons, a slight increase of 0.08% week-on-week [6][40]. Raw Materials - Iron ore inventory at ports reached 165.55 million tons, an increase of 1.72% week-on-week, marking a historical high [6][52]. - The spot price of iron ore remained unchanged, while futures prices decreased slightly [6][48]. - The total shipment volume of the four major iron ore producers decreased, with Brazil's shipments down 7.37% and Australia's down 2.29% [6][53][61]. Investment Recommendations - The report recommends focusing on companies with leading technology and product structures, such as Baosteel and Hualing Steel, as well as low-cost firms like Fangda Special Steel and New Steel [6]. - It also highlights the potential of upstream resource companies like Hebei Resources and Erdos, which may benefit from a recovery in demand [6].

Group 1 - The steel raw materials sector increased by 2.99% compared to the previous trading day, with Guangdong Mingzhu leading the gains [1] - The Shanghai Composite Index closed at 4114.0, up 0.29%, while the Shenzhen Component Index closed at 14294.05, up 0.09% [1] - Key stocks in the steel raw materials sector showed varied performance, with Guangdong Mingzhu rising by 9.99% to a closing price of 8.48, and Hebei Steel Resources declining by 1.62% to a closing price of 24.23 [1] Group 2 - The net inflow of main funds in the steel raw materials sector was 15.71 million yuan, while retail funds saw a net inflow of 21.07 million yuan [1] - Major stocks like Dazhong Mining and Guangdong Mingzhu experienced significant net inflows from main funds, with Dazhong Mining receiving 56.14 million yuan [2] - Retail investors showed a mixed response, with some stocks like Dazhong Mining and Guangdong Mingzhu facing net outflows from retail funds [2]

Group 1 - The core viewpoint of the article highlights the active performance of sectors such as chemicals, steel, energy storage, and power grid equipment, with the National Free Cash Flow Index rising by 1.4% as of 14:35 on January 19 [1] - Among the constituent stocks, Pinggao Electric reached the daily limit, Weichai Power increased by over 7%, and both Chint Electric and Inner Mongolia Erdos rose by over 5% [1] - The Free Cash Flow ETF, E Fund (159222), saw a net subscription of 3 million units during the trading session, achieving net subscriptions on 9 out of the last 10 trading days [1] Group 2 - The National Free Cash Flow Index selects stocks based on free cash flow rate and adjusts quarterly, with the top three industries being automotive, oil and petrochemicals, and home appliances, focusing on high-quality "cash cow" companies that offer strong defensive attributes [1] - The E Fund Free Cash Flow ETF aims to achieve excess returns through refined management while closely tracking the National Free Cash Flow Index, reporting an excess return of 2.43% relative to the index over the past six months, ranking first among peers, with a tracking error of only 0.06% [1] - The management fee rate for the ETF is set at 0.15% per year, providing investors with a low-cost tool for core allocation in a volatile market [1]

Core Insights - The 2025 apparel market is witnessing a significant focus on innovative "super fabrics" that enhance consumer experience through technology, cultural integration, and scenario innovation [2][3][32] Fabric Trends - **Merino Wool for All Seasons**: The ultra-fine Merino wool is gaining popularity for its soft texture, moisture-wicking, and temperature-regulating properties, achieving a nearly 120% year-on-year increase in sales from July 2024 to July 2025 [2][8] - **Stain-Resistant Down Jackets**: The introduction of three-proof fabrics (waterproof, oil-proof, and stain-proof) in down jackets addresses common consumer concerns about cleanliness and maintenance, with a tenfold increase in related searches on platforms like JD [3][10][12] - **Cooling Fabrics**: The rapid development of cooling fabrics, driven by climate change and consumer health awareness, features a Q-MAX value indicating instant cooling effects, with a market growth projection exceeding 10% by 2025 [4][17][19] - **Breathable Xinyun Fabric**: This unique silk fabric, dyed with pure plant materials, is gaining traction due to its comfort and breathability, with a 110% increase in sales on JD in 2025 [5][22][24] - **Original Fiber Sunscreen Clothing**: This innovative fabric integrates UV protection directly into the fibers, maintaining effectiveness even after multiple washes, with the market for sunscreen clothing expected to reach 95.8 billion yuan by 2026 [27][29][30] Consumer Behavior - A notable shift in consumer preferences is observed, with 93.6% of consumers paying more attention to fabric materials compared to two years ago, and 72.2% prioritizing fabric quality in their purchasing decisions [2][8] - The demand for multifunctional clothing that adapts to varying temperatures and conditions is increasing, reflecting a desire for versatile and practical apparel [7][16] Market Dynamics - The global market for cooling fabrics is projected to exceed $15 billion by 2030, with China accounting for nearly 40% of the market share, driven by high temperatures and personalized consumer needs [17][19] - The rise of super fabrics is a response to the evolving consumer demand for quality, comfort, and sustainability, pushing brands to innovate and enhance their offerings [32]

国能准能集团这份亮眼的"可持续"答卷，成为鄂尔多斯市持之以恒推进绿色矿山建设的亮点之一。 多年来，全市逐渐形成"集中连片治理"、"生态+"产业融合、科技赋能绿色开采3大治理模式，在推进生 态文明建设、促进资源节约高效利用方面发挥了引领示范作用。 截至目前，鄂尔多斯市累计建成绿色矿山191座，总数占全区44%，其中大中型矿山159座。特别是自 2024年4月国家绿色矿山建设提标以来，新增建成绿色矿山43座。 （来源：内蒙古日报） 转自：内蒙古日报 □本报记者 毛锴彦 1月16日清晨，国能准能集团绿化队的退休职工王三保又一次漫步在准格尔旗国能准能集团矿山生态旅 游区的木栈道上，脚下的土地，曾是他工作了20多年的露天矿坑。 "以前干活，摘下口罩就是一层黑煤灰，现在连鞋面上都是干净的。"虽然已是寒冬，目光所及漫山遍野 都是果树、沙棘、灌木等茂密的植被。"有时候，狐狸和野兔都敢往人跟前凑了。"王三保的感慨，道出 了这里从沟壑纵横到"生态绿洲"的惊人蜕变。 截至2024年底，该企业累计投入28.8亿元进行复垦绿化，9.85万亩土地重披绿装，植被覆盖率从25%跃 升至85%以上，平均侵蚀模数降低88%。 二是突出规划引领， ...

据了解，雪地排球比赛是一项新兴的冬季运动。鄂尔多斯市还将陆续举行雪地曲棍球比赛、蒙陕甘宁大 型滑雪比赛、内蒙古滑雪超级联赛等赛事。未来，还计划引入雪地摩托、雪地足球等系列比赛，通过创 新赛事，冰雪资源正在转化为发展优势，为鄂尔多斯市冬季体育运动注入新活力。 比赛现 场。（东胜区教育体育局供图） 赛场上，运动员们身着亮色运动服，在纯白雪场上灵活跳跃、精准扣杀，阳光洒在雪面，映照着选手们 挺拔的身姿与专注的神情，随手一拍都是冬日限定美景。 转自：草原云 连日来，2026年鄂尔多斯雪地排球邀请赛在九城宫国际滑雪场激战正酣。 本次比赛1月16日开赛，将持续至1月18日。比赛吸引来自北京航空航天大学、天津工业大学、中北大学 等全国知名高校及排球协会健儿齐聚鄂尔多斯。本次比赛采用3人制，分设男子组与女子组。赛制上， 先进行小组循环赛，运用科学的贝格尔编排法保证公平，随后进行交叉淘汰赛，所有场次均采用三局两 胜制。 内蒙古日报·草原云记者：柴思源 ...

证券日报网讯 1月16日，鄂尔多斯（600295）在互动平台回答投资者提问时表示，公司产品出口部分欧 盟国家，在公司整体营业收入中的占比较小，以境内主体直接向欧盟客户出口。 ...

转自：草原云 1月16日，"易水寒光——易县大北城宋辽金银器窖藏展"登陆内蒙古鄂尔多斯市博物院，400余件穿越乱 世的金银珍宝，带着宋韵辽风的交融印记，与观众共赴这场跨越千年的文明之约。 展览海报。 传奇的开启，源于1986年河北保定易县大北城村的一次偶然——村民锄地时发现的绿釉陶瓮中，整齐安 放着400多件金银器物，从85个规整的花口银碟、18枚五十两官制银铤，到181片墨书"税讫"的金叶子， 再到金钗、梳篦、五佛金冠等精美饰物，部分器物还留有"杨""马"等工匠标记，无声诉说着宋代手工业 的繁盛。2018年专家二次考古研究后，这批因战乱仓促埋藏、主人终未归取的"宇宙孤星"式窖藏，终于 以完整面貌重现人间。 精美文物。 做工精致。 展览之名"易水寒光"既点明文物出自易水之畔，又暗合金银器的冷冽光泽与宋辽纷争的战争寒光，诗意 中藏着厚重历史。鄂尔多斯市博物院此次呈现的400余件展品中，包含16件/套一级文物、171件/套二级 文物，涵盖"酒器""饰品""货币""杂件"四大板块，完整复刻宋辽边境的生活图景与文明交融。 漫步展厅，"首饰蕴宋韵，酒器显辽风"的特色扑面而来。满池娇纹金梳上，宋代雅致的荷塘纹样与辽代 独 ...

证券之星消息，1月15日冶钢原料板块较上一交易日下跌0.29%，大中矿业领跌。当日上证指数报收于 4112.6，下跌0.33%。深证成指报收于14306.73，上涨0.41%。冶钢原料板块个股涨跌见下表： | 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 | | --- | --- | --- | --- | --- | --- | --- | --- | | 000629 | 钢钛股份 | 8781.95万 | 9.26% | 251.69万 | 0.27% | -9033.64万 | -9.53% | | 601121 | 宝地矿业 | 1625.53万 | 9.37% | -1319.57万 | -7.61% | -305.96万 | -1.76% | | 600382 | XD广东明 | 721.63万 | 4.99% | 259.68万 | 1.80% | -981.31万 | -6.79% | | 000655 | 金岭矿业 | 714.52万 | 4.39% | -262.30万 | -1.61% | -45 ...