【基本面消息】 据纽约时报报道，美国总统特朗普周三表示，其与北约达成格陵兰岛合作框架，收回对欧洲8国的关税 威胁。据三位熟悉讨论情况的高级官员透露，该声明发布前，北约于周三举行了一场会议，各成员国最 高军事官员讨论了一项妥协方案：丹麦将格陵兰小片土地的主权让予美国，供其建设军事基地。 这些官员表示该构想是北约秘书长吕特一直在推进的。其中两位与会官员将其比作英国在塞浦路斯的军 事基地——那些基地被视为英国领土。官员们尚不清楚此构想是否属于特朗普宣布的框架协议内容。特 朗普未立即透露该框架的具体细节。 上海期货交易所指定交割仓库期货1月22日仓单日报显示，白银期货总计589052千克，今日仓单较上一 日下跌11727千克。 沪银主力维持震荡格局，今日白银期货开盘报23037元/千克，最高触及23380元/千克，最低触及22410 元/千克，截止收盘报23339元/千克，上涨1.22%。 | 地区 | 仓库 | 期货 | 增减 | | --- | --- | --- | --- | | 上海 | 中储吴淞 | 76938 | -1989 | | | 外运华东虹桥 | 54063 | -2733 | | | 中工美供 ...

数据显示，1月22日热卷现货价格报3313.33元/吨，与上一日持平；最近一周，热卷价格累计上涨6.66 元/吨，上涨幅度为0.20%；最近一个月，热卷价格累计上涨0元/吨，上涨幅度为0.00%。 2026年1月22日热轧板卷现货价格表 | 规格 | 品牌/产 | 报价 | 报价类 | 交货地 | 交易商 | | --- | --- | --- | --- | --- | --- | | | 地 | | 型 | | | | 品种:普热轧板卷;材质:Q235B;规 | 沙钢 | 3310元/ | 市场价 | 上海市/普 | 上海昌墩贸易（实业）有 | | 格:5.5*1500*C; | | 吨 | | 陀区 | 限公司 | | 品种:普热轧板卷;材质:Q235B;规 | 沙钢 | 3340元/ | 市场价 | 上海市/宝 | 上海必盈实业有限公司 | | 格:5.5*1500*C; | | 吨 | | 山区 | | | 品种:普热轧板卷;材质:Q235B;规 | 沙钢 | 3340元/ | 市场价 | 上海市/金 | 上海张轩贸易有限公司 | | 格:5.5*1500*C; | | 吨 | | 山区 | | | ...

| 日期 | comex白银库存量(吨) | 增持/减持（吨） | | --- | --- | --- | | 2026-01-21 | 13135.43 | -129.48 | | 2026-01-20 | 13264.91 | -83.36 | 【要闻回顾】 欧盟执行副主席特蕾莎·里贝拉表示，如果美国总统特朗普兑现其提高关税或吞并格陵兰岛的威胁，欧 盟不应"放弃任何可能对捍卫自身利益所必需的东西"。 1月21日，COMEX白银库存录得13135.43吨，较上一日减少129.48吨；comex白银周三（1月21日）收报 92.38美元/盎司，下跌1.91%，comex白银价格日内最高上探至95.53美元/盎司，最低触及90.15美元/盎 司。 最新comex白银库存数据： 负责欧盟气候和竞争政策的里贝拉称，缓和局势至关重要。但她也表示，欧盟应该做好准备，在"出现 报复性措施"的情况下采取进一步措施。 ...

本周螺纹钢总库存为452.1万吨，上周为438.07万吨，本周累库14.03万吨，上周去库0.04万吨。近年同期 表现为：2025年累库8.14万吨，2024年累库16.62万吨，2023年累库95.76万吨。 本周螺纹钢表需185.52万吨，上周190.34万吨，近年同期水平为：2025年185.15万吨，2024年217.55万 吨，2023年134.19万吨。 分析观点： 期货市场上看，1月22日收盘，螺纹钢期货主力合约报3124.00元/吨，涨幅0.35%，最高触及3135.00元/ 吨，最低下探3112.00元/吨，日内成交量达615894手。 【市场资讯】 光大期货研报：棒线材及钢坯出口量大幅增长，在很大程度上缓解了螺纹供应压力。目前螺纹整体处于 供需双弱局面，库存压力不大，但驱动也不强。预计短期螺纹盘面价格仍以窄幅震荡运行为主。 1月22日，长江钢铁对合肥地区建材出厂价调整如下，螺纹上调20元：现Φ18mm抗震螺纹价格为3320 元/吨；盘螺上调20元：现Φ8mm抗震盘螺价格为3580元/吨；线材上调20元：现Φ8mm抗震盘螺价格为 3580元/吨。以上价格含税。 2026年1月22日螺纹钢现货 ...

Core Viewpoint - The company, Plant Doctor, has officially initiated its IPO process for listing on the A-share main board, focusing on high-altitude plant skincare products and emphasizing its brand strategy of "high-altitude plants, pure beauty" [1] Group 1: R&D and Product Development - Plant Doctor has established a deep collaboration with the Kunming Institute of Botany, forming the "Plant Doctor R&D Center," which includes a unique research structure of "one center and five bases" [3] - The R&D framework covers raw material research, formula development, production processes, and quality assurance, with significant breakthroughs in the field of Dendrobium orchid active ingredients [3] - The company has developed a product matrix that includes various series such as "Dendrobium Orchid Firming and Smoothing" and "Snow Lotus Soothing Care," covering multiple product categories [5] Group 2: Business Model and Market Position - Plant Doctor employs an online and offline strategy, with over 4,200 offline chain stores by June 2025, providing unique product experiences and emotional value to consumers [7] - According to a report by the China Fragrance and Cosmetic Industry Association, Plant Doctor ranks first among single-brand cosmetic stores in China based on projected retail sales for 2024 [7] Group 3: International Expansion and Recognition - The company has made substantial progress in its international strategy, with store networks covering multiple countries, including Thailand, where it opened a flagship store in November 2025 [7] - Plant Doctor has been recognized as a "global leading single-brand skincare specialty store" by Euromonitor International for three consecutive years, reflecting its strong market position [9] Group 4: Brand Philosophy and Future Outlook - The brand philosophy is rooted in traditional Chinese culture, integrating the wisdom of Naxi herbal medicine with modern biotechnology, aiming to provide consumers with a pure skincare experience from high-altitude plants [9] - With the advancement of its IPO process, Plant Doctor is expected to leverage capital market resources to strengthen its leading position in high-altitude plant skincare and accelerate its international expansion [9]

Core Viewpoint - The appointment of Olympic diving champion Wang Hao as the brand ambassador for Qiandacheng Decoration signifies a commitment to quality in the home decoration industry, aiming to redefine industry standards through a blend of sportsmanship and craftsmanship [1][3]. Group 1: Brand Ambassador and Values - Wang Hao embodies the spirit of "extreme pursuit" and commitment, aligning with Qiandacheng Decoration's core values of ethical renovation [3]. - The collaboration aims to enhance consumer trust and redefine quality standards in home decoration [1][7]. Group 2: Company Achievements and Innovations - Since its establishment in 2015, Qiandacheng Decoration has built a competitive edge through systematic services, becoming a leading brand in Xiamen's home decoration market [5]. - The company features a 4.0 standard process hall showcasing 168 construction nodes across seven major processes, allowing homeowners to view construction details in real-time via VR technology [5]. - Qiandacheng Decoration employs a digital management system that covers the entire service chain, enabling homeowners to track progress and receive timely responses [5]. Group 3: Quality Assurance and Customer Experience - Wang Hao will act as a "quality witness" on-site, ensuring that all construction processes meet the established standards [7]. - The company adopts a standardized pricing model to eliminate hidden costs, ensuring 100% customization without additional charges [7]. - The digital management system guarantees rapid response times for customer service, with commitments to resolve issues within specified timeframes [7][10]. Group 4: Overall Commitment to Quality - Qiandacheng Decoration aims to provide a "champion-level" living experience through transparency, standardization, and environmental sustainability in its services [10]. - The brand emphasizes a commitment to integrity and craftsmanship, assuring customers that there are no hidden tricks, only dedication to quality [10].

Market Overview - As of January 21, the top 20 futures companies for polypropylene (PP) had a total long position of 462,700 contracts and a short position of 525,400 contracts, resulting in a long-to-short ratio of 0.88. The net position decreased by 1,288 contracts to -62,800 contracts compared to the previous day [1] - The operating rate of PP petrochemical enterprises in China is at 75.62%, which is an increase of 0.15 percentage points from the previous week. Weekly production of PP granules reached 775,800 tons, down 0.44% week-on-week, while PP powder production fell to 56,900 tons, a decrease of 15.62% week-on-week [1] Profit Margins - The production margins for various methods of PP production are as follows: oil-based PP has a margin of -430.13 CNY/ton, coal-based PP -314.73 CNY/ton, methanol-based PP -970.67 CNY/ton, propane dehydrogenation -1,297.8 CNY/ton, and externally sourced propylene -435.4 CNY/ton [1] Institutional Insights - According to Xinda Futures, the current PP market is characterized by a balance of bullish and bearish factors, with short-term low inventory, maintenance of some facilities, and rising costs from refined oil providing support. However, long-term concerns include excess crude oil supply, increased post-holiday supply, weak downstream demand, and the substitution effect of granules, leading to a lack of clear directional movement and an overall range-bound market [3] - Minmetals Futures notes that the rise in futures prices is supported by a slight reduction in global oil inventories as predicted by the EIA monthly report, alleviating supply excess. There are no new capacity additions planned for the first half of 2026, which reduces pressure. Seasonal fluctuations in downstream operating rates contribute to a high overall inventory pressure, with no significant contradictions in the short term. The historical high level of warehouse receipts suggests that prices may stabilize as the supply excess situation changes in the first quarter of next year, with a shift from cost-driven declines to mismatched production leading to opportunities for low-price buying of PP spreads [4]

Group 1 - Styrene futures experienced a rapid increase, reaching a peak of 7696.00 yuan, closing at 7694.00 yuan with a rise of 4.07% [1] - Newhu Futures holds a bullish outlook on styrene, citing unexpected maintenance by Asahi and positive news from the market, although there are concerns about price adjustments due to repurchased export orders [2] - Nanhua Futures indicates that the overall trend for styrene remains strong, with supply elasticity being low and valuation difficult to compress as domestic supply is expected to remain tight [3] Group 2 - The market has seen a reduction in inventory at major ports in East China to below 100,000 tons, tightening liquidity in the spot market [3] - There are rumors of operational issues at two styrene plants in the Middle East, which have led to an expansion in processing margins [3] - The focus will be on the sustainability of export increases, geopolitical risks affecting oil prices, and the downstream sector's ability to absorb high-priced raw materials [3]

Core Viewpoint - The COMEX gold inventory has shown a slight increase, reflecting ongoing market dynamics influenced by geopolitical tensions and trade frictions, which are driving safe-haven demand for gold [1][2]. Group 1: COMEX Gold Inventory Data - As of January 21, 2026, COMEX gold inventory recorded 1124.17 tons, an increase of 0.22 tons from the previous trading day [2]. - On January 20, 2026, the COMEX gold inventory was 1123.95 tons, with no change reported [2]. Group 2: Gold Price Movement - On January 20, 2026, COMEX gold closed at $4830.70 per ounce, up 0.22%, with an intraday high of $4837.70 and a low of $4772.70 [1][2]. - The previous trading day, January 21, 2026, saw gold prices reach a high of $4771.50 and a low of $4665.40, closing at $4762.80 per ounce, reflecting a 1.84% increase [1]. Group 3: Market Influences - Geopolitical conflicts and trade tensions are driving increased safe-haven sentiment, leading global institutions to raise their price forecasts and support gold prices through early capital allocation [2]. - Recent announcements from former President Trump regarding Greenland and trade tariffs have positively impacted U.S. stock, bond, and currency markets [2]. - The European Parliament has postponed the vote on the U.S.-EU trade agreement, indicating ongoing trade negotiations [2].

Group 1 - The core point of the news is that Hunan Gold has suspended trading on January 12, 2026, to plan a major asset restructuring involving the acquisition of 100% equity in Hunan Gold Tianyue Mining Co., Ltd. and Hunan Zhongnan Gold Smelting Co., Ltd. [1] - The suspension is expected to last no more than 10 trading days to prevent market disruption due to information leakage [1]. - For the first three quarters of 2025, the company reported revenue of 41.194 billion yuan, representing a year-on-year increase of 96.26%, indicating strong performance [1]. Group 2 - On January 9, the net inflow of main funds was 55.1245 million yuan, accounting for 3.80% of the total transaction amount, while retail investors had a net inflow of 9.3518 million yuan, making up 0.64% of the total [1]. - The financing data on January 21 shows that Hunan Gold had a financing balance of 1.298 billion yuan, with a net repayment of 31.6345 million yuan [2]. - The technical analysis indicates that Hunan Gold has a resistance level at 23.05 yuan and a support level at 22.05 yuan, suggesting a bullish trend with an accelerating upward movement [3].