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禾望电气(603063) - 北京市君泽君(深圳)律师事务所关于深圳市禾望电气股份有限公司2023年股票期权激励计划相关事项的法律意见书
2025-10-27 10:19
取得不断 n Law Offices 中国广东省深圳市福田区金田路 4028 号荣超经贸中心 28、29 层 邮政编码: 518035 28&29 Floor, Landmark, No.4028 Jintian Road, Futian District, Shenzhen 518035, P.R.C. http://www.junzejun.com Tel: 0755-33988188 北京市君泽君(深圳) 律师事务所 关于深圳市禾望电气股份有限公司 2023年股票期权激励计划相关事项的 核查的文件以及本所认为必须查阅的其他文件。同时,本所已得到公司的如下保证: 公司已向本所提供为出具本法律意见书所必须的、真实的、有效的原始书面材料、 副本材料或口头证言,有关材料上的签名或盖章是真实有效的,有关副本或者复印 件与正本材料或原件一致,均不存在虚假内容或重大遗漏。 3、本所仅就与本次注销相关的法律问题发表意见. 且仅根据中国现行有效的 法律法规发表法律意见,并不依据任何境外法律发表法律意见。本所不对公司本次 激励计划所涉及的标的股票价值、考核标准等相关问题的合理性以及会计、财务等 非法律专业事项发表意见。在本 ...
南华期货聚丙烯产业周报:短期跟随宏观波动,且空间有限-20251026
Nan Hua Qi Huo· 2025-10-26 13:15
1. Report Industry Investment Rating No information is provided in the content about the report industry investment rating. 2. Core Views of the Report - **Short - term**: The polyolefin market rebounds driven by crude oil and coking coal, with its trend mainly influenced by macro - sentiment and cost fluctuations. Given many macro - level disturbances and limited supply - demand drivers, it is recommended to wait and see for unilateral trading recently [7]. - **Long - term**: Despite continuous pressure on the PP supply side due to intensive production, new PP device production is relatively limited in Q1 2026, mainly focusing on digesting existing capacity. With an overall optimistic macro - expectation, PP is expected to show a bottom - up trend in the long run [8]. 3. Summary by Relevant Catalogs 3.1 Core Contradictions and Strategy Recommendations 3.1.1 Core Contradictions - **Cost side**: Crude oil rebounds due to geopolitical issues such as the tense relationship between the US and Venezuela and the upgraded sanctions on Russian oil companies. Coking coal shows a strong upward trend because of supply - side factors like production cuts in some regions and reduced Mongolian coal customs clearance [1]. - **Supply - demand side**: In supply, unexpected PP device shutdowns increase recently, temporarily alleviating supply pressure, but the large - scale PP production capacity makes it hard to fundamentally relieve the pressure. In demand, traditional PP downstream shows little change, but downstream speculative replenishment willingness increases after continuous price drops, and post - National Day spot transactions are favorable. However, the overall pattern of strong supply and weak demand persists [2]. 3.1.2 Trading - type Strategy Suggestions - **Near - term strategy review**: A unilateral strategy of buying at low prices was proposed on September 19 and closed after the National Day due to the decline in propane prices during the holiday [12]. 3.1.3 Industrial Customer Operation Suggestions - **Price range prediction**: The predicted monthly price range of polypropylene is 6500 - 7000 yuan, with a current 20 - day rolling volatility of 10.43% and a 3 - year historical percentile of 17.7% [13]. - **Hedging strategy**: For inventory management with high finished - product inventory, it is recommended to short PP futures and sell call options. For procurement management with low inventory, it is recommended to buy PP futures [13]. 3.2 This Week's Important Information and Next Week's Concerns 3.2.1 This Week's Important Information - **Positive information**: Crude oil rises rapidly due to geopolitical issues; PP production lines of Inner Mongolia Baofeng and Zhongjing Petrochemical stop [19]. - **Negative information**: The 400,000 - ton device of Guangxi Petrochemical will start next week; Daxie Petrochemical's old production lines will stop [16]. 3.2.2 Next Week's Concerns - Policy suggestions after the Fourth Plenary Session and the results of Sino - US trade policy negotiations [20]. 3.3 Disk Interpretation 3.3.1 Price - volume and Capital Interpretation - **Unilateral trend and capital movement**: Since Wednesday, the PP disk rebounds driven by crude oil. This week, the position volume slightly declines, the top five short positions increase significantly, and the net short position of the top five profitable seats slightly increases [22]. - **Basis structure**: The PP disk rises rapidly following crude oil, while the spot price lags, causing the basis to weaken. As of Friday, the North China basis is - 122 yuan/ton, the East China basis is - 62 yuan/ton, and the South China basis is - 72 yuan/ton [25]. - **Spread structure**: The spread structure changes little, and the PP 1 - 5 spread shows a contango structure due to an optimistic macro - expectation [29]. 3.4 Valuation and Profit Analysis - PDH devices maintain positive profits, with expected reduced unexpected shutdowns and increased operating rates. The profit of externally purchased propylene recovers, and the situation of suspending PP device sales of propylene is expected to decrease, increasing supply - side pressure and weakening cost support [32]. 3.5 Supply - Demand and Inventory Deduction 3.5.1 Supply - Demand Balance Sheet Deduction - The follow - up supply - demand pressure is not significant. Maintaining supply - demand balance requires high device maintenance in Q4 on the supply side, a high demand growth rate on the demand side (current apparent demand year - on - year growth rate is 11%), and limited PP import volume increase on the import - export side [41]. 3.5.2 Supply Side and Deduction - The current PP operating rate is 75.94% (- 2.28%). Many devices stop unexpectedly this week, resulting in a short - term supply reduction [47]. 3.5.3 Import - Export Side and Deduction - **Import**: Due to weak overseas prices, some low - cost PP sources may enter China, but the increase is expected to be limited. - **Export**: Weak overseas demand and the off - season limit PP exports, but some enterprises increase sales by reducing prices, leading to a surge in export orders this week [52]. 3.5.4 Demand Side and Deduction - The current average downstream operating rate is 52.376% (+ 0.52%). Although traditional PP downstream changes little, downstream speculative replenishment willingness increases after price drops, and post - National Day spot transactions are favorable. However, the pattern of strong supply and weak demand persists [59].
白糖产业风险管理日报-20251024
Nan Hua Qi Huo· 2025-10-24 11:33
1. Report Industry Investment Rating - Not provided 2. Core Viewpoints of the Report - The global sugar supply surplus persists, and the expected increase in production in India and Thailand in October is suppressing sugar prices. Typhoons in late September and early October affected Guangxi, causing significant sugarcane lodging, and the losses are yet to be estimated [4]. 3. Summary by Relevant Catalogs 3.1 Sugar Price Forecast and Risk Management Strategies - **Price Forecast**: The monthly price range for sugar is predicted to be between 5200 - 5700, with a current 20 - day rolling volatility of 8.25% and a 3 - year historical percentile of 2.2% [3]. - **Risk Management Strategies**: - **Inventory Management**: For companies with high finished - product inventory worried about price drops, they can short Zhengzhou sugar futures (SR2601) at 5500 - 5550 with a 50% hedging ratio, and sell call options (SR601C5600) at 25 - 30 with a 50% ratio [3]. - **Procurement Management**: For those with low procurement inventory, they can buy Zhengzhou sugar futures (SR2601) at 5400 - 5420 with a 25% hedging ratio, and sell put options (SR601P5300) at 20 - 25 with a 50% ratio [3]. 3.2 Core Contradictions - The global sugar supply surplus continues. The expected production increase in India and Thailand in October is keeping sugar prices low. Typhoons in late September and early October damaged sugarcane in Guangxi, and the losses are still unknown [4]. 3.3利多解读 (Positive Interpretations) - **Yunnan's Sugar Production**: In the 25/26 sugar - making season, about 51 - 52 sugar mills in Yunnan are expected to start operations. In late October, 2 mills are expected to start, and in early November, 2 - 3 mills are expected to start, 1 - 2 more than last year. Typhoons have affected some areas, potentially impacting sugarcane yield and sugar content [5]. - **Brazil's Shipping and Exports**: As of October 15, the number of ships waiting to load sugar at Brazilian ports increased to 90 from 83 the previous week. The quantity of sugar waiting to be shipped increased by 11.91 million tons (3.3%) to 3.7272 million tons. In the first two weeks of October, Brazil exported 1.8014 million tons of sugar and molasses, a 9.45% increase from the same period last year [5]. 3.4利空解读 (Negative Interpretations) - **Inner Mongolia's Sugar Production**: In the 25/26 sugar - making season, all 12 planned sugar mills in Inner Mongolia have started operations. Affected by rainfall in September, the start - up time was delayed by about 10 days, and beet sugar content decreased. The estimated sugar output is 650,000 - 680,000 tons, similar to the previous season [6]. - **Xinjiang's Sugar Production**: In the 25/26 sugar - making season, 13 sugar mills in Xinjiang have started operations, and the last one is expected to start after October 20. With good weather, the output is expected to remain at a high level [8]. - **Brazil's Sugar Production**: In the second half of September, the sugarcane crushing volume in the central - southern region of Brazil was 40.858 million tons, a 5.1% increase year - on - year. The sugar production was 3.137 million tons, a 10.76% increase. From the start of the 2025/26 season to the second half of September, the cumulative sugar production was 33.524 million tons, an 0.84% increase [9]. - **Brazil's Sugarcane Planting Forecast**: Brazil's 2025 sugarcane planting area is expected to be 9.355219 million hectares, a 1.5% increase from last month's forecast and the same as in 2024. The sugarcane output is estimated to be 695.532937 million tons, the same as last month's forecast but a 1.6% decrease from 2024 [10]. 3.5 Sugar Price Data - **Basis**: On October 23, 2025, the basis between Nanning and various futures contracts showed daily and weekly declines. For example, the basis of Nanning - SR01 was 293, with a daily decline of 31 and a weekly decline of 89 [11]. - **Futures Prices and Spreads**: On October 24, 2025, most sugar futures contracts showed slight declines. For example, SR01 closed at 5446, a 0.2% daily decline but a 0.63% weekly increase [12]. - **Spot Prices and Regional Spreads**: On October 24, 2025, the spot price of Nanning was 5750, unchanged daily but a 40 - point weekly decline. The price difference between Nanning and other regions also changed [13]. - **Sugar Import Prices**: On October 24, 2025, the quota - free and in - quota import prices from Brazil and Thailand both decreased. For example, the in - quota import price from Brazil was 4166, a 29 - point daily decline and a 168 - point weekly decline [14].
南华煤焦产业风险管理日报-20251024
Nan Hua Qi Huo· 2025-10-24 10:55
Group 1: Report Information - Report Name: Nanhua Coal and Coke Industry Risk Management Daily Report [1] - Date: October 24, 2025 [1] - Research Team: Nanhua Research Institute, Black Research Team [2] - Analyst: Zhang Xuan [2] - Investment Consulting Business Qualification: CSRC License [2011] No. 1290 [2] Group 2: Price Forecast and Risk Management Strategy Price Forecast - **Coking Coal**: The monthly price range is predicted to be between 1,100 and 1,350. The current 20 - day rolling volatility is 37.43%, and its historical percentile is 71.00% [3]. - **Coke**: The monthly price range is predicted to be between 1,550 and 1,850. The current 20 - day rolling volatility is 30.04%, and its historical percentile is 63.17% [3]. Risk Management Strategy - **Inventory Hedging**: For coke, when steel mills' profit margins shrink and coke enterprises face difficulties in price hikes, coke enterprises worried about future price drops can short - sell the J2601 contract. The recommended hedging ratios are 25% at the price range of (1,780, 1,830) and 50% at (1,830 - 1,880) [3]. - **Procurement Management**: For coking coal, due to factors like macro - sentiment fluctuations, seasonal low mine开工率, and potential supply disruptions, coking plants worried about future price increases can buy the JM2605 contract. The recommended hedging ratios are 25% at the price range of (1,150, 1,180) and 50% at (1,120, 1,150) [3]. Group 3: Black Warehouse Receipt and Market Analysis Black Warehouse Receipt Data - **Steel Products**: On October 24, 2025, the inventory of rebar was 150,419 tons (up 1,437 tons day - on - day and down 148,632 tons week - on - week), and the inventory of hot - rolled coils was 137,065 tons (down 4,799 tons day - on - day and down 11,346 tons week - on - week) [4]. - **Raw Materials**: The inventory of iron ore was 700 lots (unchanged day - on - day and down 700 lots week - on - week), coking coal was 100 lots (unchanged day - on - day and down 100 lots week - on - week), coke was 2,070 lots (unchanged day - on - day and down 40 lots week - on - week), ferrosilicon was 11,163 contracts (down 21 contracts day - on - day and down 1,042 contracts week - on - week), and ferromanganese was 44,876 contracts (down 960 contracts day - on - day and down 3,064 contracts week - on - week) [4]. Market Analysis - **Positive Factors**: In Q4, domestic mine开工率 is restricted by policies, coking coal supply elasticity is limited; the winter - storage scale in 2025 may be better than last year, supporting coal and coke prices; recent downstream restocking and reduced mine开工率 have improved coking coal inventory, and short - term coke prices may be strong due to supply tightness and cost support [4][6]. - **Negative Factors**: In the short term, steel inventory pressure is high, and if steel contradictions cannot be resolved, it may trigger a negative feedback risk in the black - metal market [7]. Group 4: Price Data Coal and Coke Futures Price - **Coking Coal**: On October 24, 2025, the warehouse - receipt cost of Tangshan Mongolian No. 5 coking coal was 1,238 yuan/ton (unchanged day - on - day and up 38 yuan/ton week - on - week), and the basis of the main contract was - 11.0 yuan/ton (up 10.0 yuan/ton day - on - day and down 31.5 yuan/ton week - on - week) [8]. - **Coke**: The warehouse - receipt cost of Rizhao Port wet - quenched coke was 1,637 yuan/ton (unchanged day - on - day and up 43 yuan/ton week - on - week), and the basis of the main contract was - 120.3 yuan/ton (up 10.5 yuan/ton day - on - day and down 38.5 yuan/ton week - on - week) [8]. Coal and Coke Spot Price - **Coking Coal**: The ex - factory price of Anze low - sulfur main coking coal was 1,600 yuan/ton (unchanged day - on - day and up 50 yuan/ton week - on - week), and the self - pick - up price of Mongolian No. 5 raw coal at the 288 Port was 1,127 yuan/ton (unchanged day - on - day and up 76 yuan/ton week - on - week) [9]. - **Coke**: The ex - factory price of Jinzhong quasi - first - grade wet - quenched coke was 1,330 yuan/ton (unchanged day - on - day and week - on - week), and the ex - factory price of Lvliang quasi - first - grade dry - quenched coke was 1,530 yuan/ton (unchanged day - on - day and week - on - week) [10]. Profit Data - **Coking Profit**: The immediate coking profit was - 44 yuan/ton (down 6 yuan/ton day - on - day and down 42 yuan/ton week - on - week) [10]. - **Import Profit**: The import profit of Mongolian coal under long - term contracts was 405 yuan/ton (up 32 yuan/ton day - on - day and up 87 yuan/ton week - on - week), and the import profit of Australian medium - volatile coal was 164 yuan/ton (up 122 yuan/ton day - on - day and up 112 yuan/ton week - on - week) [10].
风电设备板块10月24日涨1.97%,大金重工领涨,主力资金净流出7897.47万元
Market Performance - On October 24, the wind power equipment sector rose by 1.97%, with Daikin Heavy Industries leading the gains [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] Stock Performance - Daikin Heavy Industries (002487) closed at 53.50, up 7.02% with a trading volume of 355,500 shares and a transaction value of 1.844 billion [1] - Jinlei Co., Ltd. (300443) closed at 32.46, up 6.08% with a trading volume of 407,300 shares [1] - Feiwo Technology (301232) closed at 43.46, up 5.92% with a trading volume of 106,900 shares [1] - Other notable performers include Taisheng Wind Power (300129) up 5.58% and Rihua Co., Ltd. (603218) up 4.51% [1] Fund Flow Analysis - The wind power equipment sector experienced a net outflow of 78.9747 million from institutional investors, while retail investors saw a net inflow of 100 million [2] - The top stocks by net inflow from retail investors include Jinlong Technology (002202) with 49.4662 million and Taisheng Wind Power (300129) with 69.6989 million [3] - Conversely, Daikin Heavy Industries (002487) saw a net outflow of 37.0152 million from retail investors [3]
南华期货玉米、淀粉产业日报-20251024
Nan Hua Qi Huo· 2025-10-24 01:46
Report Information - Report Title: Nanhua Futures Corn & Starch Industry Daily Report - Date: October 24, 2025 - Analyst: Dai Hongxu (Investment Consulting License No.: Z0021819) - Research Assistant: Kang Quangui (Qualification Certificate No.: F03148699) - Investment Consulting Business Qualification: CSRC Permit [2011] No. 1290 [1] Core Viewpoints - Northeast autumn grain harvest is over 80%, with varying selling progress in different provinces; North China and Huanghuai autumn grain harvest is nearly 80% [2] - After the spot price rebounded, farmers' selling sentiment was positive, market supply remained high, and the purchase price showed a weakening trend after rising [2] - The corn futures market rose yesterday, partly due to the sharp rise in soybeans; the spot market was weak, and the number of trucks arriving in Shandong increased significantly [2] - The starch market strengthened, with stable to rising prices in the Northeast and tight supply of small packages in North China [2] - On Thursday, CBOT corn futures continued to rise by nearly 1% [2] Market Data Corn & Starch Spot Prices and Main Contract Basis | Location | Corn Price | Change | Location | Corn Starch Price | Change | | --- | --- | --- | --- | --- | --- | | Jinzhou Port | 2180 | 0 | Shandong | 2760 | 0 | | Shekou Port | 2310 | 0 | Jilin | 2550 | 0 | | Harbin | 2000 | 0 | Heilongjiang | 2460 | 0 | | Jinzhou Port Main Contract Basis | 40 | -7 | Shandong Main Contract Basis | 310 | -24 | [2] Corn & Starch Futures Prices | Contract | 2025-10-22 | 2025-10-23 | Change | Change Rate | | --- | --- | --- | --- | --- | | Corn 11 | 2114 | 2117 | 3 | 0.14% | | Corn 01 | 2133 | 2140 | 7 | 0.33% | | Corn 03 | 2163 | 2167 | 4 | 0.18% | | Corn 05 | 2239 | 2244 | 5 | 0.22% | | Corn 07 | 2263 | 2264 | 1 | 0.04% | | Corn 09 | 2274 | 2274 | 0 | 0.00% | | Corn Starch 11 | 2410 | 2429 | 19 | 0.79% | | Corn Starch 01 | 2426 | 2450 | 24 | 0.99% | | Corn Starch 03 | 2442 | 2465 | 23 | 0.94% | | Corn Starch 05 | 2549 | 2558 | 9 | 0.35% | | Corn Starch 07 | 2563 | 2575 | 12 | 0.47% | | Corn Starch 09 | 2612 | 2618 | 6 | 0.23% | | Wheat Average Price | 2475 | 2483 | 8 | 0.32% | [3][6] US Corn Prices and Import Profits | Item | Price | Daily Change | Increase Rate | Import Profit | | --- | --- | --- | --- | --- | | CBOT Corn Main Contract | 427.75 | 4 | 0.94% | - | | COBT Soybean Main Contract | 1061.25 | 11.5 | 1.1% | - | | CBOT Wheat Main Contract | 513 | 9.25 | 1.84% | - | | US Gulf Duty-paid Price | 2120.45 | 11.14 | 0.53% | 189.55 | | US West Duty-paid Price | 1967.33 | 11.05 | 0.56% | 342.67 | [30] Factors Affecting the Market Bullish Factors - The number of state reserve grain purchase points increased, with an obvious price-supporting purpose, supporting price stability [5] - Weather disturbances in North China changed market expectations, weakening the downward momentum of forward prices and making it difficult to suppress prices during purchases [5] Bearish Factors - Weather disturbances dissipated, market focus returned to supply pressure, supply remained high, and short-term price pressure increased [2] - The pig industry is in the process of capacity regulation, which may affect the long-term feed demand for corn [5]
CWP2025新品首发引领全球风电新风潮
中国能源报· 2025-10-22 10:14
Core Viewpoint - The article highlights the advancements and innovations in the wind energy sector showcased at the Beijing International Wind Energy Conference and Exhibition (CWP2025), emphasizing China's leading position in wind power technology globally. Group 1: Turbine Innovations - Goldwind Technology introduced a trading-type wind turbine that shifts from a passive to an active generation model, potentially increasing project returns by 2% to 2.5% over its lifecycle [3] - Mingyang Smart Energy launched the world's first 50MW wind turbine, significantly increasing the maximum capacity of wind turbines and designed for deep-sea applications [7] - SANY Heavy Energy presented the SI-242 series wind turbine, capable of operating efficiently across a wide range of wind speeds, with a rotor diameter of 242 meters [8] - Envision Energy unveiled the first AI-integrated wind-storage unit, merging wind turbines, storage, and AI to enhance operational efficiency [5] Group 2: Component Innovations - Luozhou showcased the world's first 16MW offshore wind turbine main bearing, designed for large-scale wind turbine stability [23] - Pangu Intelligent launched a hydraulic motor yaw system that improves reliability and lifespan compared to traditional systems [25] - TBEA New Energy introduced the upgraded TSVG6.0 product, enhancing reliability and operational efficiency through advanced design and technology [27] Group 3: Comprehensive Solutions - China CRRC presented a comprehensive energy solution integrating wind, solar, hydrogen, and AI technologies, aimed at achieving sustainable development goals [11] - Shanghai Electric highlighted its integrated projects, including green hydrogen production and floating wind-fish integration, showcasing its capabilities in the renewable energy sector [13] - XBL Wind Power signed a strategic partnership with Multi Engineering Group to develop a dual-head floating wind power solution, focusing on cost efficiency and system performance [19]
LPG产业风险管理日报-20251022
Nan Hua Qi Huo· 2025-10-22 02:50
1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints of the Report - The current core contradictions affecting the LPG price trend include supply - demand imbalances, geopolitical issues, and cost - end fluctuations. Cost - end crude oil is under pressure from supply surplus and geopolitical disturbances, leading to increased volatility. The CP contract price in October dropped unexpectedly, and the external market remains weak. There are concerns about supply due to issues related to the US and Iran. The domestic fundamentals have little change, with increased civil gas supply suppressing spot prices, stable chemical demand, and weak combustion demand [2]. - There are both positive and negative factors in the LPG market. The expansion of PDH profits supports demand to some extent, and the widening of the FN spread may attract some cracking demand. However, there are also negative factors affecting the market [5]. 3. Summary by Relevant Catalogs LPG Price Forecast and Volatility - The monthly price range forecast for LPG is 3800 - 4400. The current 20 - day rolling volatility is 21.91%, and the historical percentage of the current volatility over 3 years is 34.05% [1]. LPG Hedging Strategies Inventory Management - For companies with high inventory worried about price drops, they can short PG2511 futures with a 25% hedging ratio in the 4400 - 4500 range to lock in profits. They can also sell PG2511C4400 call options with a 25% ratio in the 60 - 70 range to collect premiums and reduce costs [1]. Procurement Management - For companies with low regular inventory and aiming to purchase based on orders, they can buy PG2511 futures with a 25% hedging ratio in the 3800 - 4000 range to lock in procurement costs. They can also sell PG2511P3800 put options with a 25% ratio in the 50 - 70 range to collect premiums and reduce procurement costs [1]. Industry Data - Various price data for LPG and related products are provided, including Brent, WTI, MOPJ, FEI, CP, etc., along with their daily and weekly changes. For example, on October 21, 2025, Brent was at 61.36, with a daily increase of 0.56 and a weekly decrease of 0.92 [3]. - Different spread data such as FEI - MOPJ M1, LPG - FEI, etc., are presented, showing their daily and weekly changes. For instance, the LPG - FEI spread was 180.88 on October 21, 2025, with a daily decrease of 2.63 and a weekly increase of 47.14 [6]. - Month - spread data for LPG and related products are given, like LPG11 - 12 and LPG12 - 1. The LPG11 - 12 month - spread was 146 on October 21, 2025, with a daily increase of 4 and a weekly decrease of 11 [6]. - Ratio data such as MB/WTI and FEI/Brent are provided, along with their daily and weekly changes. The MB/WTI ratio was 0.46 on October 21, 2025, with no daily change and a weekly increase of 0.01 [6]. - Both盘面 and spot profit data are presented, including PDH盘面 profits based on different benchmarks (PG, FEI, CP) and Asian naphtha and propane cracking profits. For example, the PDH盘面 profit - FEI was 366.36 on October 21, 2025, with a daily increase of 20.73 and a weekly increase of 88.12 [6]. - Freight data for different routes (Middle East to Far East, US to Europe, etc.) are provided, showing their daily and weekly changes. The Middle East to Far East freight was 59.333 on October 21, 2025, with a daily decrease of 0.5 and a weekly decrease of 3.167 [6]. Seasonal Data - Seasonal data for various factors are presented, including price, spread, month - spread, ratio, profit, and freight. For example, there are seasonal charts for FEI, CP, MB prices, LPG futures prices, and different spreads like FEI - MOPJ M1, PG - FEI, etc. [7][9][10]
禾望电气:公司不存在逾期担保的情形
Zheng Quan Ri Bao Wang· 2025-10-21 13:45
证券日报网讯10月21日晚间,禾望电气(603063)发布公告称,公司不存在违规担保、逾期担保的情 形。 ...
南华煤焦产业风险管理日报-20251021
Nan Hua Qi Huo· 2025-10-21 09:31
南华煤焦产业风险管理日报 2025/10/21 南华研究院 黑色研究团队 张泫:Z0022723 投资咨询业务资格:证监许可【2011】1290号 双焦价格区间预测 source: 南华研究 黑色仓单日报 | | 单位 | 2025-10-21 | 2025-10-20 | 2025-10-14 | 日环比 | 周环比 | | --- | --- | --- | --- | --- | --- | --- | | 螺纹钢 | 吨 | 151396 | 151396 | 290165 | 0 | -138769 | | 热卷 | 吨 | 143657 | 146032 | 59778 | -2375 | 83879 | | 铁矿石 | 手 | 1000 | 1200 | 800 | -200 | 200 | | 焦煤 | 手 | 200 | 200 | 200 | 0 | 0 | | 焦炭 | 手 | 2050 | 2050 | 2190 | 0 | -140 | | 硅铁 | 张 | 11400 | 12103 | 13665 | -703 | -2265 | | 硅锰 | 张 | 46638 | 47636 ...