Group 1 - China Construction Bank announced that logistics companies will begin their holiday breaks as the 2026 Spring Festival approaches, affecting delivery schedules for customers [1] - Orders for delivery placed from February 5, 2026, are expected to be delivered after the Spring Festival holiday, which ends on February 12, 2026 [1] - The bank will suspend physical precious metal product delivery services from February 12 to February 23, 2026, with services resuming gradually starting February 24, 2026 [1] Group 2 - The announcement includes well wishes for a happy Spring Festival and a prosperous Year of the Horse [2]

Core Viewpoint - East Asia Bank announced a temporary halt in logistics and shipping during the Chinese New Year holiday from February 6, 2026, to February 24, 2026, while gift redemption on its equity platform will continue as usual [1] Group 1 - Logistics will stop shipping from February 6, 2026, to February 24, 2026, due to the upcoming Chinese New Year holiday [1] - Physical product shipping is expected to resume after February 25, 2026 [1] - Virtual products that require in-store redemption may be affected by store operating hours during the holiday [1]

今日周四(2月5日)亚盘时段，COMEX白银目前交投于79.89一线下方，今日开盘于87.64美元/盎司，截 至发稿，comex白银暂报77.92美元/盎司，下跌11.21%，最高触及89.83美元/盎司，最低下探77.01美元/ 盎司，目前来看，comex白银盘内短线偏向看跌走势。 【要闻速递】 美国总统特朗普周三表示，若他提名的美联储主席人选曾表达加息意愿，便不会获得该职位任命。 特朗普表示，美联储理论上是一个独立机构，但他同时暗示美联储应遵循他的指引，因为他认为自己对 经济的了解比几乎任何人还要深入。 在接受NBC采访时，特朗普认为利率很快就会下调这一点几乎没有疑问。 当被追问何以如此确信时，他表示，"我只是觉得利率会降。我的意思是，它们本来就该更低。""我们 的利率太高了，明白吗？"特朗普说，"我们的利息负担太重了。现在有我——我一直都很擅长处理钱的 事——再加上源源不断的资金流入我们国家，我们又成为一个富裕国家了。我们确实有债务，但我们也 有增长，增长很快会让债务显得微不足道。" 【最新comex白银行情解析】 3月白银期货的日线图上可能出现看跌形态。下一上涨目标是在100.00美元这一重要技术阻力 ...

Group 1 - International silver is currently trading below $84.50, with a recent opening at $88.14 per ounce and a current price of $82.53, reflecting a decline of 6.40% [1] - The highest price reached today was $90.41, while the lowest was $80.49, indicating a bearish short-term trend for silver [1] - If silver prices break above $90.00, the next key resistance level will be $95.00, followed by $100.00, with potential to reach the January 30 high of $118.47, close to the historical peak of $121.66 [2] Group 2 - If silver falls below $85.00, the first support level will be $84.00, followed by the February 4 low of $83.28, with further declines exposing the 50-day simple moving average at $77.01 [2] - A drop below $83.00 could lead silver prices to retreat towards the support levels of $78.00 to $79.00 [2] Group 3 - Cook emphasized the importance of maintaining the Federal Reserve's credibility in controlling inflation, especially after nearly five years of inflation above target levels [1] - The Federal Reserve's recent decision to maintain the benchmark interest rate in the range of 3.5% to 3.75% aligns with Cook's cautious outlook, as she believes the risks are skewed towards higher inflation [1] - Other policymakers share this cautious perspective, with indications of three consecutive rate cuts by the end of 2025, while the Fed has raised its assessments of the economy and labor market, suggesting no need for further rate cuts at this time [1]

【现货】 现货方面，主产区价格变动：6517锰硅内蒙5680元/吨；广西5750元/吨；宁夏5620元/吨；贵州5700元/ 吨。 【期货】 截止2月4日收盘，锰硅主力合约+0.31%（+18），收于5868元/吨。 【成本】 内蒙成本5866元/吨，广西生产成本6283元/吨，内蒙生产利润-186元/吨。 库存方面，截至1月29日，中国主要港口锰矿库存435.7万吨，环比+10.9万吨；其中天津港332.5万吨， 环比9.5万吨，钦州港102.7吨，环比+1.4万吨。 【供给】 Mysteel统计全国187家独立硅锰企业样本开工率36.21%，较上周平；日均产量27485吨，减120吨。周度 产量19.24万吨。 【需求】 五大钢种硅锰周需求117220吨，环比上周增0.30%；日均铁水产量227.98万吨，环比-0.12万吨；高炉开 工率79.00%，环比+0.32%；高炉炼铁产能利用率85.47%，环比-0.05个百分点；钢厂盈利率39.39%，环 比-1.3个百分点。 【观点】 昨日锰硅主力合约震荡运行，节前维持盘面减仓。现货方面，下游钢厂补库基本完成，同时运输逐步停 滞，现货成交冷清。基本面来看，锰 ...

Group 1 - The core viewpoint indicates that silver prices are experiencing a downward trend, currently trading below 22,443 yuan per kilogram, with a decline of 0.94% from the opening price of 23,493 yuan per kilogram [1] - The US dollar index is hovering near a one-week high, making silver more expensive for investors holding other currencies, which directly suppresses overseas buying demand [2] - The ISM report shows that the US non-manufacturing PMI remained steady at 53.8 in January, with rising input costs raising concerns about potential inflation in the service sector, providing temporary support for the dollar [2] Group 2 - The silver market has shown volatility, with prices recovering some losses but currently experiencing a decline of over 2%, indicating ongoing bearish risks [3] - Key support levels for silver are identified between 20,500 and 21,500, while resistance levels are noted between 23,500 and 24,500 [3] - The one-hour MACD is approaching zero, indicating a potential shift in trend, while the RSI remains neutral, suggesting that the bearish trend is still present [3]

2月4日，配额内(关税1%)中等质量进口棉完税成本12357元/吨，比国产标准级棉花价格低3645元/吨,较 上周扩大194元/吨；滑准税进口棉完税成本13584元/吨，比国产棉价格低2418元/吨，较上周扩大136元/ 吨。 据外媒报道，据巴基斯坦轧花厂协会(PCGA)向媒体提供的统计数据，截至2026年1月31日，全国轧花厂 共接收相当于逾550万包籽棉，较去年同期微增0.62%。 棉花期货行情回顾： 2月4日美国洲际交易所(ICE)棉花期货行情 品种 开盘价 最高价 最低价 收盘价 美棉花 62.31 62.72 62.20 62.34 -0.19% 【棉花市场消息速递】 北京时间2月5日，美国洲际交易所(ICE)棉花期货价格低位震荡，开盘报62.22美分/磅，现报62.29美分/ 磅，涨幅0.11%，盘中最高触及62.50美分/磅，最低下探62.22美分/磅。 更新时间： 2月4日，新疆3128皮棉到厂均价15645元/吨，涨30元/吨；新疆32s纯棉纱环锭纺价格22000元/吨，持 平；纺纱利润为364.7元/吨，跌34.2元/吨。 ...

Group 1 - The core viewpoint of the news is that LME aluminum futures prices are experiencing weak fluctuations, with a current price of $3044.5 per ton, reflecting a decline of 0.47% from the opening price [1] - On February 4, LME aluminum futures opened at $3108.5 per ton, reached a high of $3134.0, and closed at $3059.0, marking a decrease of 1.29% [2] - The inventory data shows that as of February 4, LME registered aluminum warehouse receipts totaled 440,650 tons, with canceled receipts remaining unchanged at 54,525 tons, and total aluminum inventory at 495,175 tons, also unchanged [2] Group 2 - On February 4, the Shanghai Futures Exchange reported aluminum warehouse receipts of 150,289 tons, a decrease of 423 tons compared to the previous trading day [2] - The electrolytic aluminum spot price ratio between Shanghai and London was reported at 0, with the import profit and loss at -2139.1 yuan per ton, slightly worsening from -2128.13 yuan per ton on the previous trading day [2]

摘要今日周四(2月5日)亚盘时段，伦敦金最新报价为1100.53元/克，较前一交易日下跌8.17元，跌幅 0.74%，日内呈现高位回落走势。当日开盘价报1108.56元/克，盘中最高触及1122.06元/克，最低下探至 1093.58元/克。 今日周四(2月5日)亚盘时段，伦敦金最新报价为1100.53元/克，较前一交易日下跌8.17元，跌幅0.74%， 日内呈现高位回落走势。当日开盘价报1108.56元/克，盘中最高触及1122.06元/克，最低下探至1093.58 元/克。 【要闻速递】 原定本周五发布的1月美国非农就业报告或因政府停摆再度延迟。美国劳工统计局(BLS)表示，受联邦部 门技术性停摆影响，1月就业报告无法按时公布，原定周二发布的12月职位空缺数据也将推迟。此次停 摆源于两党未能就临时拨款法案达成一致，民主党因反对强硬移民执法政策(关联明州执法人员枪击案) 拒绝为国土安全部等部门拨款。 值得关注的是，市场对非农的敏感度已下降。自去年8-10月非农暴跌引发降息预期后，就业数据重要性 减弱：11月至今，SOFR互换利率始终在3.5%附近波动，低数据质量与频繁修正削弱了非农指引作用。 当前就业市场呈 ...

全国独立焦化厂全国平均吨焦-55元/吨；山西准一级焦平均盈利-41元/吨，山东准一级焦平均盈利2元/ 吨，内蒙二级焦平均盈利-92元/吨，河北准一级焦平均盈利0元/吨。 【期现】 截至2月4日收盘，焦炭期货震荡上涨走势，以收盘价统计，焦炭主力2605合约+55.0(+3.21%)至1770.0， 焦炭远月2609合约+41.5(+2.66%)至1831.5，5-9价差走弱至-61.5。主流焦企开始提涨焦炭价格于1月28日 正式落地，30日执行。吕梁准一级湿熄冶金焦出厂价格报1290元/吨(第1轮提涨价格)，日环比+0.0元/ 吨，对应厂库仓单1670元/吨，基差-100.0；日照准一级冶金焦贸易价格报1480元/吨，环比+10.0元/吨， 对应港口仓单1745元/吨(对标)，基差+25.0。 【利润】 【供给】 截至1月29日，全样本独立焦化厂焦炭日均产量62.8万吨/日，周环比-0.5万吨/日，247家钢厂焦炭日均产 量47.0万吨/日，周环比+0.1万吨/日，总产量为109.8万吨/日，周环比-0.4万吨/日。 【需求】 截至1月29日，日均铁水产量227.98万吨/日，环比-0.12万吨/日；高炉开工率 ...