Report Summary 1. Report's Industry Investment Rating - Not mentioned in the provided content 2. Core Viewpoints - The current domestic macro news remains calm, and the regulatory level focuses on "cooling down" the market to guide the stock index to show a "slow bull" pattern [6]. - The market trading volume stays above the high level of 2.5 trillion, indicating strong trading activity and liquidity - driven force [6]. - Before the Spring Festival, the domestic macro - level may be in a relatively calm period, and the market performance will be highly related to regulatory trends. It is expected that the short - term shock adjustment space of the stock index is limited, and it will mainly show a relatively strong shock before the festival [6]. 3. Summary by Relevant Categories Money Market - DR001 closed at 1.37 with a -0.02bp change, DR007 at 1.55 with a -3.50bp change, GC001 at 1.48 with a 12.00bp change, GC007 at 1.61 with a -1.00bp change, SHBOR 3M at 1.59 with a -0.21bp change, and LPR 5 - year at 3.50 with a 0.00bp change [3]. - The 1 - year treasury bond closed at 1.30 with a 0.25bp change, the 5 - year at 1.52 with a -1.25bp change, the 10 - year at 1.82 with a -1.50bp change, and the 10 - year US treasury bond at 4.24 with a 2.00bp change [3]. - The central bank conducted 377.5 billion yuan of 7 - day reverse repurchase operations yesterday at an operating rate of 1.40%, which was the same as before [3]. - This week, 1.181 trillion yuan of reverse repurchase in the central bank's open market will expire, and 200 billion yuan of MLF will expire on Monday [4]. Stock Index Futures Market - The closing prices and changes of major stock indexes: CSI 300 rose 0.26% to 4718, SSE 50 rose 0.27% to 3061, CSI 500 rose 0.61% to 8601, and CSI 1000 rose 0.21% to 8400 [5]. - The closing prices and changes of stock index futures contracts: IF current month rose 0.3% to 4728, IH current month rose 0.2% to 3066, IC current month rose 0.8% to 8623, IM current month rose 0.3% to 8407 [5]. - The trading volume and position changes of stock index futures contracts: IF trading volume was 142,902 with a 0.0% change and its position increased by 5.0%; IH trading volume decreased by 6.6% to 63,381 and its position increased by 3.4%; IC trading volume decreased by 19.3% to 170,659 and its position decreased by 0.3%; IM trading volume decreased by 26.0% to 194,080 and its position decreased by 3.9% [5]. - The trading volume of the Shanghai, Shenzhen, and Beijing stock markets reached 2.9926 trillion yuan, an increase of 70.9 billion yuan compared with the previous day. Most industry sectors declined, with precious metals, jewelry, mining, non - ferrous metals, small metals, and coal industries leading the gains, while photovoltaic equipment, medical devices, medical services, biological products, and aerospace sectors leading the losses [5]. Stock Index Futures Premium and Discount Situation - The premium and discount rates of IF contracts: -3.30% for the current month, -2.25% for the next month, 0.06% for the current quarter, and 1.59% for the next quarter [7]. - The premium and discount rates of IH contracts: -2.61% for the current month, -2.16% for the next month, -0.79% for the current quarter, and 0.75% for the next quarter [7]. - The premium and discount rates of IC contracts: -4.07% for the current month, -1.73% for the next month, 0.79% for the current quarter, and 2.41% for the next quarter [7]. - The premium and discount rates of IM contracts: -1.44% for the current month, 1.87% for the next month, 4.81% for the current quarter, and 6.06% for the next quarter [7].

投资咨询业务资格:证监许可【2012】31号 ITG国贸期货 | | | | | 聚酯数据日报 | | | --- | --- | --- | --- | --- | --- | | | | 国贸期货研究院 | | 投资咨询号: Z0017251 | 2026/1/29 | | | | 能源化工研究中心 | 陈胜 | 从业资格号:F3066728 | | | | 指标 | 2026/1/27 | 2026/1/28 | 变动值 | 行情综述 | | | INE原油(元/桶) | 446. 7 | 460. 3 | 13. 60 | 成交情况: PTA:中东地缘局势加剧,原油行情上涨,成本推涨 | | SC | PTA-SC(元/陣) | 2011.8 | 2025. 0 | 13. 17 | PTA。PTA现货供大于求,临近月底,未闻现货成交, 日均基差参考报盘、递盘评估。 | | | PTA/SC(比价) | 1.6197 | 1. 6054 | -0. 0144 | | | | CFR中国PX | 903 | 924 | 21 | | | PX | PX-石脑油价差 | 330 | 356 | 26 | ...

2 2019 投资咨询业务资格:证监许可【2012】31号 ITG国贸期货 贵金属数据日报 | | | | | 国贸期货研究院 | | 投资咨询号:Z0013700 | | | 2026/1/29 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 贵金属与新能源研究中心 白素娜 | | 从业资格号:F3023916 | | | | | 内外盘金 | 日期 | 伦敦金现 | 伦敦银现 | COMEX黄金 | COMEX白银 | AU2602 | AG2602 | AU (T+D) | AG (T+D) | | 银15点价 | | (美元/盎司) | (美元/盎司) | (美元/盎司) | (美元/盎司) | (元/克) | (元/千克) | (元/克) | (元/千克) | | 格跟踪 | 2026/1/28 | 5264. 93 | 114. 87 | 5258.00 | 114. 88 | 1189.88 | 29031.00 | 1180. 50 | 29300.00 | | (本表数 | | | | | | ...

投资咨询业务资格:证监许可【2012】31号 数据日报 == == == ===== 2021 == ----- 2020 ----- 2021 ----- 2022 ----- 2023 ----- 2024 --- 2025 --- 2025 -- == 2026 2025 1200 1000 800 800 600 400 200 200 02/01 03/04 04/04 05/05 06/05 07/06 08/06 09/06 10/07 11/07 12/08 01/01 02/01 03/04 04/04 05/05 06/05 07/06 08/06 09/06 10/07 11/07 12/08 01/01 ----- 2021 ----- 2022 ------ 2023 ------ 2024 - 2020 ----- 2021 ----- 2022 ------ 2023 ------ 2024 -- 2026 2026 - 2025 2025 150 18 15 120 30 01/01 02/01 04/04 05/05 06/05 07/06 08/06 09/06 10/07 ...

投资咨询业务资格：证监许可【2012】31号 IICEREK 航运衍生品数据日报 国贸期货研究院 能源化工研究中心 卢钉毅 数据来源：Clarksons、Wind 投资咨询号: Z0021177 从业资格号: F03101843 2026/1/29 | | 运价指数 | 上海出口集装箱运价 | 中国出口集装箱运价 | SCFI-美西 | SCFIS-美西 | SCFI-美东 | SCFI-西北欧 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 综合指数SCFI | 指数CCFI | | | | | | 集 | 现值 | 1458 | 1209 | 2084 | 1294 | 2896 | 1595 | | | 前值 | 1574 | 1210 | 2194 | 1305 | 3163 | 1676 | | 运 | 涨跌幅 | -7.39% | -0.09% | -5.01% | -0.84% | -8.44% | -4.83% | | # IE | | | | | | | | | | | SCFIS-西北欧 | SCFI-地中海 | | | ...

| | | | | | | | | HE BE ENT | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | 2026/01/29 | 国贸期货出品 TG国贸期货 | | | | | | | | | | | | | 投资咨询业务资格:证监许可[2012] 31号 | | | | | | | | | | | | 黑色金属研究中心 | 执业证号 | 投资咨询证号 | | | | | | | | | | | 张宝慧 | F0286636 | Z0010820 | | | | | | | | | | | 黄志鸿 | F3051824 | Z0015761 | | | | | | | | | | | 董子勖 | F03094002 | Z0020036 | | | | | | | | | | | 薛夏泽 | F03117750 | Z0022680 | | | | 远月合约收盘价 | | RB2610 | HC2610 | 12609 | J2609 | JM2609 | 6 ...

投资咨询业务资格:证监许可【2012】31号 2026/1/29 | | | 日素姚 | | | | MARK 1 1 7 1 4 4 4 4 1 4 4 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 指标名称 | 現值 | 前值 | 涨跌幅 | | 主要图表 | | | | | | 销期货主力收费价 | 694. 8 | 705. 7 | -1.54% | 3200 | | 现货铂金(美元/盎司) SPTPTUSDOZ. IDC | | | | 国内价格 | 现货:铂(99.95%) | 682. 5 | 675 | 1.11% | 2800 | | -现货肥金(关元/盎司) SPTPDUSDOZ. IDC | | | | (元/克) | 铂:基差(现-期) | -12.3 | -30. 7 | -59. 93% | 2400 | | | | | | | 把期货王力收盘价 | 504 | 523 | -3. 63% | 2000 | | | | | | | 现货: 钮(99.95%) | 491 | 500 ...

策略:近期纸浆期货仓单集中注册,进一步上涨空间有限,阔叶浆价格略有松动,整体偏空看待。 本报告中的倡息的颁干公开可获得的资料，国贸部货力戏准确可靠。但不对上述信息的准确性见完整管数低何保证。本报告不构成个人投资建议，也未针对个别投资者帮辣的投资目标， 免 责 直 务状况或需要，投资者需自行判断本报告中的任何意见或建议是否符合其特定优别，据此投资，责任自负、本我告仅向标定客户推进，未经国资期货授权许可，任何引用、转载以及同第三 IDE 方传播的行为均构成对国贸期货的侵权,我司将视情况追究法律责任。期市有风险，入市需谨慎。 ITC 国贸期货 LE 500 ER 2 12 12 贸期货有限公司 流的衍生品综合服务商 IIGER期货 投资咨询业务资格:证监许可【2012】31号 数据 国贸期货研究院 投资咨询号:Z0015194 从业资格号:F3042528 农产品研究中心。 杨璐琳 纸浆价格数据 | | | 2026年1月28日 | 日环比 | 周环比 | | | 2026年1月28日 | 日环比 | 周环比 | | --- | --- | --- | --- | --- | --- | --- | --- | - ...

股指期权数据日报 投资咨询号: Z0000116 国贸期货研究院 2026/1/28 金融行生品中心 李泽矩 从业资格号: F0251925 数据来源: Wind, 国贸期货研究院 行情回顾 成交量(亿) 指数 收盘价 涨跌幅 (8) 成交额(亿元) 2023. 27 上证50 3052. 3932 0. 09 75. 14 沪深300 4705. 6918 7152. 68 -0. 03 301. 48 0. 20 365. 66 8382. 1533 6302. 08 中证1000 中金所股指期权成交情况 期权成交量 认购期权 认活期权 期权持仓量 认购期权 认活期权 持仓量 日成交量 指数 持仓量 持仓量 (万张) 成交量 成交量 (万张) PCR PCR 5. 28 上证50 3. 78 1. 50 3.01 0. 40 8. 09 5. 08 0. 59 沪深300 8. 37 3.51 7.71 19. 53 11. 81 0. 65 11. 88 0. 42 中证1000 33. 75 31. 11 18. 80 0. 79 15. 59 15. 52 1. 00 14. 94 沪深300PCR ...

Report Summary 1. Industry Investment Rating - Not provided in the report 2. Core View - The EC spot - futures market is in a game situation intertwined with policies and geopolitical factors, showing a differentiation feature of short - term sentiment - driven and long - term fundamental support. The market has not formed a clear trend yet. Short - term trends are dominated by policy news and sentiment, while long - term trends depend on the global foreign trade recovery rhythm, capacity adjustment, and substantial improvement in terminal demand [8] 3. Summary by Related Content 3.1 Shipping Freight Index - The current values of Shanghai Export Containerized Freight Index (SCFI), China Containerized Freight Index (CCFI), SCFI - US West, SCFIS - US West, SCFI - US East, SCFI - Northwest Europe, SCFIS - Northwest Europe, and SCFI - Mediterranean are 1458, 1209, 2084, 1294, 2896, 1595, 1859, and 2756 respectively. The previous values are 1574, 1210, 2194, 1305, 3163, 1676, 1954, and 2983 respectively. The corresponding percentage changes are - 7.39%, - 0.09%, - 5.01%, - 0.84%, - 8.44%, - 4.83%, - 4.86%, and - 7.61% respectively [5] 3.2 Shipping Schedule - For CMA CGM's shipping schedules, on the European line FAL1, the last east - bound return ship passing through the Suez Canal is CMA CGM BENJAMIN FRANKLIN (expected to pass on February 1st with OMIT detour), and the first ship to resume east - bound return through the Suez Canal on April 6th is CMA CGM VASCO DE GAMA, corresponding to the Ocean Alliance's new annual Day10 route plan starting from April. On the European line FAL3, the last east - bound return ship is CMA CGM SEINE (expected to pass on January 25th) with no resumption plan. On the Mediterranean line MEX, the last east - bound return ship is CMA CGM GRACE BAY (expected to pass on January 22nd) with no resumption plan [5][6] 3.3 Market News - The additional tariffs on eight European countries are temporarily not imposed. US President Trump is preparing to hold a "Peace Committee Charter Signing Ceremony" during the World Economic Forum in Davos, Switzerland, marking the mechanism's transition from concept to public launch [6] 3.4 Spot Price - The current 40 - foot container freight rates on the European line are as follows: GEMINI Alliance's Maersk quotes $2430 in Week 5, Hapag - Lloyd quotes $2300 - $2500; OA Alliance quotes about $2500 - $2650, CMA CGM quotes $2793, and others are around $2600; PA Alliance quotes about $2400, Yang Ming quotes as low as $2200 - $2435; MSC quotes $2640. In the next one or two weeks (end of January - early February), Maersk's Week 6 opening price drops to $2000 - $2100, Hapag - Lloyd maintains $2300 - $2500, OA Alliance may slightly drop to around $2500, PA Alliance may fluctuate in the range of $2200 - $2400, and MSC may slightly adjust downward with the market, showing a pre - holiday decline due to the pre - Spring Festival cargo volume vacuum period [7] 3.5 Market Analysis - The futures market is initially pushed up by short - term sentiment but then corrects due to weakened spot support and calmed sentiment. The far - month contracts are more resilient. The spot market is in a balance between shipping companies' price adjustments and supply - demand games. Some shipping companies lower short - term prices to compete for cargo volume. The market is affected by three variables: short - term rush - shipping expectations from photovoltaic export tax - rebate policy adjustments, Red Sea resumption expectations from geopolitical easing, and the differentiated economic recovery in the Eurozone [8] 3.6 Strategy - The cost - effectiveness of short - term shorting is reduced. Pay attention to shorting on rallies during the off - season [9]