冠通期货早盘速递-20250514

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core Viewpoints - The State Council Tariff Commission adjusted the additional tariffs on imported goods originating from the United States, with the tariff rate in Announcement No. 4 of 2025 reduced from 34% to 10%, a 90 - day suspension of the 24% tariff, and the termination of the additional tariff measures in Announcements No. 5 and No. 6 of 2025 [3]. - The US April unadjusted CPI rose 2.3% year - on - year, the lowest since February 2021, and the core CPI was flat at 2.8%. Trump pressured the Fed to cut interest rates, and traders bet on Fed rate cuts in September and October [3]. - US Treasury Secretary Besent downplayed the possibility of a quick trade deal with the EU but was optimistic about deals with Asian partners [3]. - Some steel mills in Tangshan and Xingtai plan to cut the price of wet - quenched coke by 50 yuan/ton and dry - quenched coke by 55 yuan/ton starting from May 16, 2025 [3]. - Last week, US API crude oil inventories increased by 4.287 million barrels, contrary to the expected decrease of 1.96 million barrels [4]. 3. Summary by Related Catalogs Hot News - Tariff adjustment on US - origin goods: The tariff rate in Announcement No. 4 of 2025 was adjusted from 34% to 10%, a 90 - day suspension of 24% tariff, and termination of measures in Announcements No. 5 and No. 6 [3]. - US inflation data: April unadjusted CPI up 2.3% year - on - year, core CPI flat at 2.8%. Trump pressured the Fed, and traders bet on rate cuts [3]. - Trade negotiation situation: Besent was pessimistic about EU deal but optimistic about Asian partners [3]. - Coke price adjustment: Some steel mills plan to cut coke prices on May 16 [3]. - US API crude oil inventory: Increased by 4.287 million barrels last week [4]. Key Focus - Key commodities to focus on: Urea, styrene, crude oil, plastic, and lithium carbonate [5]. Night - session Performance - Sector performance: Non - metallic building materials rose 2.77%, precious metals 30.18%, oilseeds 11.73%, soft commodities 2.68%, non - ferrous metals 19.30%, coal - coking - steel - ore 13.24%, energy 2.60%, chemicals 13.14%, grains 1.69%, and agricultural and sideline products 2.67% [5]. Sector Holdings - Five - day change in commodity futures sector holdings: Data presented for different sectors from May 7 - 13, 2025 [6]. Performance of Major Asset Classes | Category | Name | Daily Change (%) | Monthly Change (%) | Year - to - date Change (%) | | --- | --- | --- | --- | --- | | Equity | Shanghai Composite Index | 0.17 | 2.92 | 0.69 | | | SSE 50 | 0.20 | 2.84 | 0.87 | | | CSI 300 | 0.15 | 3.33 | - 0.98 | | | CSI 500 | - 0.21 | 2.66 | 0.98 | | | S&P 500 | 0.72 | 5.70 | 0.08 | | | Hang Seng Index | - 1.87 | 4.47 | 15.20 | | | German DAX | 0.31 | 5.07 | 18.73 | | | Nikkei 225 | 1.43 | 5.93 | - 4.29 | | | FTSE 100 | - 0.02 | 1.27 | 5.26 | | Fixed - income | 10 - year Treasury bond futures | 0.03 | - 0.26 | - 0.19 | | | 5 - year Treasury bond futures | - 0.01 | - 0.14 | - 0.55 | | | 2 - year Treasury bond futures | 0.03 | - 0.02 | - 0.61 | | Commodity | CRB Commodity Index | 1.69 | 4.07 | 1.28 | | | WTI Crude Oil | 2.70 | 9.33 | - 11.54 | | | London Spot Gold | 0.43 | - 1.18 | 23.83 | | | LME Copper | 0.83 | 5.20 | 9.32 | | | Wind Commodity Index | - 0.58 | 0.07 | 16.33 | | Other | US Dollar Index | - 0.82 | 1.35 | - 6.91 | | | CBOE Volatility Index | 0.00 | - 25.55 | 5.99 | [7]