金属外强内弱 沪镍跌超2% 伦铜铝镍涨逾1% 多晶硅跌超8%

Metal Market - Domestic base metals experienced a general decline, with only Shanghai aluminum rising by 1.42%. Shanghai nickel led the decline with a drop of 2.67%, while other metals fell by less than 1% [1] - In the external market, base metals collectively rose, with London tin increasing by 1.84%, nickel by 1.72%, copper by 1.17%, and aluminum by 1.16% [1] - Precious metals saw COMEX gold rising by 0.53% and silver by 2.69%, while domestic gold increased by 0.68% and silver fell by 0.9% [1] Black Metals - The black metal sector showed mixed results, with stainless steel rising by 0.25%, while rebar and hot-rolled coil both fell by over 1%, with rebar down 1.1% and hot-rolled coil down 1.02% [1] - In the coking coal sector, coking coal fell by 0.71% and coking coke dropped by 1.83% [1] Macro Indicators - The National Bureau of Statistics reported that the Consumer Price Index (CPI) rose by 0.8% year-on-year in December 2025, with food prices increasing by 1.1% and non-food prices by 0.8% [5] - The Producer Price Index (PPI) showed a year-on-year decline of 1.9%, with a month-on-month increase of 0.2% [5] Renewable Energy - The Ministry of Industry and Information Technology announced guidelines for industrial green microgrid construction, mandating that newly built renewable energy generation facilities should have a self-consumption ratio of at least 60% [6][7] E-commerce Logistics - The China Logistics and Purchasing Federation reported that the e-commerce logistics index for December 2025 was 113.6 points, reflecting a 0.5-point increase from the previous month [8] - The increase in the index was driven by improvements in supply-side metrics, while demand remained stable [8] Real Estate Financing - Recent policy guidance allows for the extension of loans for projects on the "white list" of the real estate financing coordination mechanism for up to five years, a significant increase from the previous maximum of two and a half years [9] Currency and Oil Market - The US dollar index rose by 0.15% to 99.01, amid concerns over labor demand and upcoming economic data releases [11] - Oil prices increased, with WTI rising by 0.93% and Brent by 0.97%, driven by geopolitical concerns regarding supply disruptions [12]