联系方式：0371-65617380 | 板块 | 品种 | 多（空） | 推荐理由 | | --- | --- | --- | --- | | | | | 【行情复盘】 | | | | | 昨日夜盘玉米期货震荡偏强，截至夜盘收盘主力合约2603合约涨幅0.66%，收于228 | | | | | 8元/吨。 | | | | | 【重要资讯】 | | | | | 1、中国粮油商务网监测数据显示昨日深加工企业报价涨跌互现、窄幅波动。东北地 | | | | | 区企业收购价2197元/吨，较前一日跌2元/吨；华北地区收购均价2288元/吨，较前 | | | | | 一日涨4元/吨。 | | | | | 2、中国粮油商务网监测数据显示昨日南北港口价格稳定。锦州港15%水二等玉米收 | | | | | 购价2290-2300元/吨，较前一日持平；蛇口港玉米成交价2410元/吨，较前一日持平 | | | | | 。 | | | | | 3、仓单方面，大商所数据显示截至1月29日，玉米期货仓单数量较前一交易日减少2 | | | | | 300手，累计52045手。 | | | | | 4、售粮进度方面，中国粮油商务网监测数 ...

Morning session notice Morning session notice 早盘提示 早盘提示 更多精彩内容请关注格林大华期货官方微信 更多精彩内容请关注格林大华期货官方微信 格林大华期货研究院 证监许可【2011】1288 号 2026 年 1 月 30 日星期五 研究员： 刘洋 从业资格： F3063825 交易咨询资格：Z0016580 联系方式：liuyang18036@greendh.com | 板块 | 品种 | 多（空） | 推荐理由 | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 【行情复盘】 | 周四国债期货主力合约开盘集体高开，早盘上涨后横盘，午后有所回落，截至收盘 | | | | | | | | | | | | | | | | 30 | 年期国债期货主力合约 | TL2603 | 上涨 | 0.07%，10 | 年期 | T2603 | 上涨 | 0.06%，5 | 年期 ...

Morning session notice 早盘提示 更多精彩内容请关注格林大华期货官方微信 格林大华期货研究院 证监许可【2011】1288 号 2026 年 1 月 30 日 星期五 研究员： 于军礼 从业资格： F0247894 交易咨询资格：Z0000112 联系方式：yujunli@greendh.com | 板块 | 品种 | 多（空） | | | --- | --- | --- | --- | | | | | 【重要资讯】 | | | | | 1、美联储主席鲍威尔表示，通胀风险已经在一定程度上消退，就业风险可能正趋 | | | | | 于稳定，加息并非任何人对下一步行动的基本假设。关税的大部分影响已经传导至 | | | | | 经济，预计关税通胀将在 2026 年年中消退。他还说，不会置评美元走势。 | | | | | 2、美国财长贝森特认为，美国贸易逆差缩小应该会自动让美元随着时间的推移走 | | | | | 强，称"强美元政策意味着设定正确的基本面，如果我们有健全的政策，资金就会 | | | | | 流入"；美联储主席人选仍有四位。 | | | | | 3、特斯拉 Q4 财报电话会上 CE ...

Report Summary 1) Reported Industry Investment Rating - Not provided 2) Core Viewpoints of the Report - On January 29, 2026, the main contract of Shanghai copper futures, CU2603, rose rapidly from 103,000 yuan to around 109,000 yuan starting at 10:15 and broke through the 1.1 million - yuan mark in the afternoon, with a daily increase of nearly 8% [2] - Copper is a core raw material for the new - energy revolution, power - grid upgrading, and AI data centers, and its inclusion in key mineral or strategic reserve lists by the US, EU, and China provides strong support for copper prices [2] - The Fed's decision to maintain the federal funds rate and Chairman Powell's remarks led to a rise in London spot gold and silver, and copper prices followed to reach new highs [4] - Expectations of interest - rate cuts and tariffs in 2026 are the core macro - drivers for the upward movement of copper prices [4] 3) Summary of Relevant Content Market Performance - The main contract of Shanghai copper futures, CU2603, had a significant increase on January 29, 2026, with a daily increase approaching 8% [2] - London spot gold and silver rose rapidly after the Fed's decision, and copper prices followed to reach new highs [4] Fundamental Factors - Copper is a key raw material for multiple important fields and is included in key mineral or strategic reserve lists, which supports copper prices [2] Macroeconomic Factors - The Fed maintained the federal funds rate between 3.5% and 3.75% on January 29, 2026, and Chairman Powell's remarks affected market pricing [4] - Expectations of interest - rate cuts and tariffs in 2026 are driving copper prices up [4] Inventory Changes - LME copper European inventory decreased from nearly 70,000 tons in April 2025 to 13,850 tons [4] - COMEX copper inventory increased from less than 100,000 short tons in April 2025 to 572,300 short tons [4]

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints of the Report - On January 29, 2026, the main contract of Shanghai copper futures, CU2603, rapidly rose from 103,000 yuan to around 109,000 yuan starting at 10:15 and broke through the 110,000 yuan mark in the afternoon, with a daily increase of nearly 8% [2] - Copper is the core raw material for the new - energy revolution, power grid upgrade, and AI data centers, and is included in the key mineral or strategic reserve lists of the US, the EU, and China, and its security demand strongly supports copper prices [2] - On the early morning of January 29, the Fed announced to keep the federal funds rate target range unchanged at 3.5% - 3.75%, in line with market expectations. Powell's remarks triggered a re - pricing of inflation structural pressure and policy independence, causing London spot gold and silver to rise rapidly and copper prices to reach new highs [4] - The expectations of interest rate cuts and tariffs in 2026 have become the core macro - driving forces for the upward movement of copper prices. The LME copper inventory in Europe has continuously decreased from nearly 70,000 tons since April 2025 to 13,850 tons, while the COMEX copper inventory has continuously increased from less than 100,000 short tons since April 2025 to 572,300 short tons [4] 3. Summary by Related Catalogs Market Movement of Shanghai Copper - The main contract of Shanghai copper futures, CU2603, rose rapidly from 103,000 yuan to around 109,000 yuan starting at 10:15 on January 29, 2026, and broke through 110,000 yuan in the afternoon, with a daily increase of nearly 8% [2] Factors Affecting Copper Prices - Copper is a key raw material for new - energy, power grid, and AI, and its security demand supports prices [2] - The Fed's decision to keep interest rates unchanged and Powell's remarks led to price increases in gold, silver, and copper [4] - The expectations of interest rate cuts and tariffs in 2026, along with changes in LME and COMEX copper inventories, drive copper prices upward [4]

Morning session notice 早盘提示 更多精彩内容请关注格林大华期货官方微信 证，也不保证所包含的信息和建议不会发生任何变更。我们力求报告内容的客观、公正，但 文中的观点、结论和建议仅供参考，报告中的信息和意见并不构成所述期货合约的买卖出价 和征价，投资者据此作出的任何投资决策与本公司和作者无关，格林大华期货有限公司不承 担因根据本报告操作而导致的损失，敬请投资者注意可能存在的交易风险。本报告版权仅为 格林大华期货研究院所有 任何机构和个人不得以任何形式翻版 如引用、转载、刊发，须注明出处为格林大华期货有限公司。 格林大华期货研究院 证监许可【2011】1288 号 2026 年 1 月 29 日星期四 研究员： 纪晓云 从业资格： F3066027 交易咨询资格：Z0011402 联系方式：010-56711796 | | | | 黑色建材 | 铁矿 | 偏多 | 铁矿: 【行情复盘】 周三铁矿收跌。夜盘收涨。 【重要资讯】 1、生态环境部："十四五"期间累计完成 9.4 亿吨粗钢产能、1.7 亿千瓦煤电机组 超低排放改造。 2、国家能源局：截至 2025 年底全国累计发电装机容量 38. ...

Morning session notice 更多精彩内容请关注格林大华期货官方微信 格林大华期货研究院 证监许可【2011】1288 号 2026 年 1 月 29 日星期四 研究员：李方磊 从业资格：F03104461 交易咨询资格：Z0021311 联系方式：19339940612 | 板块 | 品种 | 多（空） | 推荐理由 | | --- | --- | --- | --- | | | | | 【行情复盘】 昨日 SR605 合约收盘价 5187 元/吨，日涨幅 0.37%，夜盘收 5222 元/吨；SR609 合约 | | | | | 收盘价 5198 元/吨，日涨幅 0.25%，夜盘收 5238 元/吨。 | | | | | 【重要资讯】 | | | | | 1.昨日广西白糖现货成交价为 5236 元/吨，下跌 3 元/吨；广西制糖集团报价区间 | | | | | 5250~5320 元/吨，部分下调 10~20 元/吨；云南制糖集团报价 5120~5180 元/吨，部 | | | | | 分上调 10 元/吨；加工糖厂主流报价区间为 5560~5900 元/吨，个别下调 10 元/吨 | | ...

早盘提示 联系方式：15000295386 | 板块 | 品种 | 多（空） | 推荐理由 | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 【行情复盘】 | 周三夜盘主力合约 | 2605 | 期货价格下跌 | 6 | 元至 | 2317 | 元/吨，华东主流地区甲醇现货价 | | | | | | | | | | | 格上涨 | 23 | 元至 | 2290 | 元/吨。持仓方面，多头持仓减少 | 18548 | 手至 | 61.76 | 万手，空头 | 持仓减少 | 30357 | 手至 | 73.21 | 万手。 | | | | | 【重要资讯】 | 1、供应方面，国内甲醇开工率 | 89.9%，环比-1.3%。海外甲醇开工率 | 60.8%，环比+1.3%。 | | | | | | | | | | | | | | | 2、库存方面，中国甲醇港口库存总量在 | 147.21 | 万吨，较上 ...

联系方式：15000295386 Morning session notice 早盘提示 更多精彩内容请关注格林大华期货官方微信 格林大华期货研究院 证监许可【2011】1288 号 2026 年 1 月 29 日星期四 研究员： 吴志桥 从业资格：F3085283 交易咨询资格：Z0019267 | 板块 | 品种 | 多（空） | 推荐理由 | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 【行情复盘】 | 周三尿素主力合约 | 2605 | 价格上涨 | 14 | 元至 | 1799 | 元/吨，华中主流地区现货价格上涨 | | | | | | | | | | | | | | | 10 | 元至 | 1760 | 元/吨。持仓方面，多头持仓减少 | 3247 | 手至 | 24.55 | 万手，空头持仓增 | 加 | 6730 ...

Morning session notice 早盘提示 更多精彩内容请关注格林大华期货官方微信 联系方式：010-56711796 格林大华期货研究院 证监许可【2011】1288 号 2026 年 1 月 29 日星期四 研究员：纪晓云 从业资格：F3066027 交易咨询资格：Z0011402 重要事项: 本报告中的信息均源于公开资料，格林大华期货研究院对信息的准确性及完备性不作任何保 证，也不保证所包含的信息和建议不会发生任何变更。我们力求报告内容的客观、公正，但 文中的观点、结论和建议仅供参考，报告中的信息和意见并不构成所述期货合约的买卖出价 和征价，投资者据此作出的任何投资决策与本公司和作者无关，格林大华期货有限公司不承 担因根据本报告操作而导致的损失，敬请投资者注意可能存在的交易风险。本报告版权仅为 任何机构和个人不得以任何形式翻版 如引用、转载、刊发，须注明出处为格林大华期货有限公司。 | 板块 | 品种 | 多（空） | 推荐理由 【行情复盘】 | | --- | --- | --- | --- | | | | | 昨日锰硅主力合约 SM2603 收于 1130.5 元/吨，环比日盘开盘下跌 ...