Group 1 - The domestic futures market for non-ferrous metals showed a strong performance, with nickel futures prices rising to 142,570.00 yuan/ton, an increase of 4.45% [1] Group 2 - On the supply side, domestic nickel iron prices have increased to approximately 958 yuan/nickel point, with iron mills experiencing reduced losses and some regions returning to profitability, while overall production remains low [2] - Demand analysis indicates that the cost of nickel iron for stainless steel has decreased, improving steel mill profits and leading to expectations of high production levels; the production and sales of new energy vehicles continue to rise, contributing a slight increase in demand from ternary batteries [2] - As of January 9, 2026, nickel ore inventory at 14 ports in China decreased by 122,600 wet tons to 13,197,700 wet tons, reflecting a decline of 0.92% [2] Group 3 - The outlook for nickel indicates a mix of weak fundamentals and strong expectations, with no tightening of supply at the mining level; although prices at the smelting end are strengthening, demand is currently in a low season, and uncertainties in policy remain, leading to a slight recovery in nickel prices driven by improved market sentiment [2]

Core Viewpoint - The latest gold futures prices in New York indicate a significant increase, with the current price reaching $4590.00 per ounce, reflecting a bullish trend in the market [2]. Group 1: Price Details - The latest price for gold futures is $4590.00 per ounce [2]. - The opening price was $4529.10, while the previous closing price was $4518.40 [2]. - The highest price recorded today was $4612.70, and the lowest was $4520.80 [2].

Core Viewpoint - The current gold futures price shows a significant increase compared to previous trading sessions, indicating a bullish trend in the market for gold commodities [1]. Price Summary - The latest price for the Shanghai gold futures is 1026.56 CNY per gram, which is an increase from the opening price of 1004.48 CNY per gram [2]. - The previous closing price was 1006.48 CNY per gram, showing a rise of 20.08 CNY per gram from the last session [2]. - The highest price recorded today was 1031.30 CNY per gram, while the lowest was 1003.38 CNY per gram, reflecting volatility within the trading day [2].

今日周一(1月12日)欧盘时段，纸白银目前交投于18.675一线上方，截至发稿，纸白银暂报18.893元/克， 上涨5.45%，最高触及18.950元/克，最低下探17.917元/克，目前来看，纸白银盘内短线偏向震荡走势。 与此同时，据部分报道，特朗普总统正考虑在伊朗平民游行后采取军事行动。英国和德国计划增加在格 陵兰岛的军事存在，这加剧了北极地区的紧张局势。这些事态发展给全球带来了不确定性，强化了避险 资产需求。 【最新纸白银行情解析】 日图来看，纸白银价格开盘直线拉升，目前涨超5%，一小时布林带向上扩张，表明上涨空间充足，而 一小时MACD直方图向上且远离零线，显示多头趋势占据主导低位，DMI也显示上涨动能充足，纸白银 走势下方关注17.00-17.50支撑，上方关注18.50-19.00阻力。 【要闻速递】 据华尔街日报报道，以色列和哈马斯正在为新一轮的冲突做准备，因为哈马斯方面拒绝解除武装，而这 一要求阻碍了特朗普为加沙制定的和平计划的推进进程。 据了解相关计划的人士透露，以色列军方已制定了在加沙地带哈马斯控制区开展新地面行动的计划。阿 拉伯和以色列官员表示，哈马斯正致力于恢复在战争中丧失的军事能力， ...

伦敦银价格在早盘中高涨，突破历史阻力位81.00美元，从创下新的历史高点接近，同时其在EMA50上 方的交易所代表的动态支撑仍在继续，强化了主看涨趋势的短期强度和稳定性，尤其是其与趋势线并行 交易时，注意到相对强弱指标出现负面信号，这可能会减少即将到来的涨幅。 "未来几年GDP增长的构成将与上一周期不同，"高盛首席美国经济学家戴维.梅里克(David Mericle)写 道。"增长的更大一部分将来自生产率提升，这已经出现反弹并应会得到人工智能的推动；而来自劳动 力供应增长的部分将会减少，因为目前的移民水平已大幅降低。" 彭博社在去年12月中旬进行的一项经济学家调查预测，美国2026年经济增长率为2%——与他们2025年 的预测相同。外界认为，美国总统特朗普的减税计划将维持美国相对于其他发达经济体的一贯优异表 现。 【最新伦敦银行情解析】 今日周一(1月12日)亚盘时段，伦敦银目前交投于82.80一线上方，今日开盘于80.39美元/盎司，截至发 稿，伦敦银暂报83.62美元/盎司，上涨4.59%，最高触及83.94美元/盎司，最低下探79.94美元/盎司，目 前来看，伦敦银盘内短线偏向看涨走势。 【要闻速递】 ...

摘要今日周一(1月12日)亚盘时段，国际黄金目前交投于1030元/克附近，截至发稿，国际黄金最新报 1027.22元/克，涨幅1.56%，最高上探至1031.66元/克，最低触及1011.08元/克。目前来看，国际黄金短 线偏向看涨走势。 从技术面来看，黄金正处于单边上涨阶段。前期经过修正后突破关键压力区域，尤其是上周五对4480- 85美元的成功突破，在非农数据公布后及时跟进多单，有效捕捉了这波上涨行情。今日早间冲高后出现 回踩，但回调幅度不宜过大，关键的大阳线多空分界点仍具备支撑作用。 美国总统特朗普于11日表示，伊朗方面已主动与美国官员取得联系，并提出进行谈判的建议，目前相关 会议正在安排之中。他同时警告称，鉴于伊朗国内死亡人数持续上升，伊朗政府似乎"正在开始"跨越美 方设定的红线，因此美国政府"可能需要在会议召开之前采取行动"。 特朗普的言论凸显出当前美伊关系的紧张与复杂性。一方面，伊朗主动寻求谈判，可能意在缓解国内外 压力，争取外交空间;另一方面，美国对伊朗国内局势的发展保持高度警觉，尤其是人员伤亡的增加， 被美方视作局势升级的信号。特朗普并未明确说明可能采取的具体行动，但强调在会议安排完成前，不 ...

摘要今日周一(1月12日)亚盘时段，现货黄金目前交投于1031元/克附近，截至发稿，现货黄金最新报 1025.15元/克，涨幅1.36%，最高上探至1031.64元/克，最低触及1011.06元/克。目前来看，现货黄金短 线偏向看涨走势。黄金高开高走，亚市盘初最高触及1031.64元/克，目前价格自高点震荡。 今日周一(1月12日)亚盘时段，现货黄金目前交投于1031元/克附近，截至发稿，现货黄金最新报1025.15 元/克，涨幅1.36%，最高上探至1031.64元/克，最低触及1011.06元/克。目前来看，现货黄金短线偏向看 涨走势。黄金高开高走，亚市盘初最高触及1031.64元/克，目前价格自高点震荡。 【要闻速递】 特朗普表示对司法部调查美联储一事并不知情，并称鲍威尔在利率政策和办公楼翻修上"表现不佳"。此 前，司法部已于上周五向美联储发出传票。 鲍威尔回应称，调查涉及他去年6月就美联储办公楼翻新向参议院提交的证词，并强调没人能凌驾于法 律之上，但这一"前所未有的行动"应放在政府持续施压的背景中理解。他指出，刑事指控的威胁实质是 因为美联储基于公众利益独立制定利率，而非迎合总统偏好，这正是过去一年特 ...

供应端，东海期货指出，云南江西两地冶炼开工率高位持稳，开工率为69.39%，较节前的69.75%环比 下降0.36%，仍处于今年以来高位，缅甸佤邦复产节奏加快，供应整体边际改善，12月自缅甸进口量级 仍将达到8000吨。 需求端，瑞达期货（002961）分析称，近日锡价高位调整，下游采购意愿较积极，库存下降好于预期， 现货升水500元/吨；LME库存持稳，现货升水上涨。 1月12日，国内期市有色金属板块全线飘红。其中，沪锡期货主力合约封住涨停板，涨幅8%，报 376920.00元/吨。 宏观面，据广州期货介绍，美国12月非农数据细节冷热参差，1月降息预期并未有太多调整，联储大概 率维持观望立场，短期宏观影响偏中性。 综合来看，中辉期货表示，海外印尼锡出口回升，国内冶炼厂生产保持平稳，今年终端电子产品新国补 政策利多锡中长期消费，锡价短期延续偏强走势。 ...

Group 1 - The core viewpoint indicates that copper futures in Shanghai experienced significant strength, rising by 3.08% to reach 103,370.00 yuan/ton as of January 12 [1] - The average price of electrolytic copper in Shanghai increased by 2,895 yuan/ton compared to the previous trading day, with a range of 102,850-103,600 yuan/ton [2] - Major copper smelting companies in China decided not to set a unified processing/refining fee (TC/RC) guidance price for imported copper concentrate for the first quarter of 2026 [2] Group 2 - A report from Yide Futures highlights global copper supply tightness and insufficient elasticity, with new consumption from green energy and computing driving copper prices upward [4] - Dongwu Futures notes that the recent ADP employment data from the U.S. fell short of market expectations, indicating a still-weak labor market, while the initial jobless claims showed some resilience [4] - The high copper prices are suppressing domestic demand, leading to low spot transaction volumes and a continued accumulation of inventory, with the pace of accumulation faster than in previous years [4]

Group 1 - The core viewpoint of the news indicates that the domestic futures market for styrene has shown mixed performance, with styrene futures experiencing fluctuations and a notable increase in price [1] - As of January 8, the overall production of styrene in China reached 355,700 tons, reflecting a week-on-week increase of 3,500 tons, or 0.99% [2] - The capacity utilization rate for styrene factories was reported at 70.92%, with a week-on-week increase of 0.69% [2] Group 2 - The latest inventory of styrene stands at 162,000 tons, with East China port inventory at 132,300 tons, indicating expectations for continued inventory reduction [2] - Nanhua Futures noted that there were no new maintenance schedules for styrene facilities this week, and the market sentiment remains strong due to frequent export news and downstream factory purchases [2] - Newhu Futures suggested that while short-term styrene prices may remain strong due to market sentiment and inventory reduction, there are limitations on the upper price levels due to potential increases in production and uncertainties regarding raw material price sustainability [3]