冠通期货资讯早间报-20250516
Guan Tong Qi Huo·2025-05-16 00:45
- Report Industry Investment Rating - Goldman Sachs maintains an "Overweight" rating on the Chinese stock market [33] 2. Core Views of the Report - The overnight night - market showed mixed trends in various commodities, with precious metals rising, oil prices falling, and other metals and agricultural products having different performances. In the macro - economic aspect, there are changes in trade, inflation, and economic policies. The financial market also has fluctuations in stocks, bonds, and foreign exchange, and different industries have their own development situations [2][3][4] 3. Summary by Relevant Catalogs Overnight Night - Market Trends - International precious metal futures generally rose, with COMEX gold futures up 1.74% at $3243.90 per ounce and COMEX silver futures up 1.07% at $32.79 per ounce [2] - International oil prices dropped significantly, with the US oil main contract down 2.31% at $61.69 per barrel and Brent crude oil main contract down 2.22% at $64.62 per barrel [3] - London base metals closed mixed, with LME lead up 0.60% at $2004.50 per ton and LME zinc down 1.29% at $2726.00 per ton [4] - Domestic futures contracts were mostly in the red, with some rising and some falling [4] - CBOT agricultural product futures contracts closed mixed, with soybean futures down 2.27%, corn futures up 62%, and wheat futures up 1.43% [4] Important Information Macroeconomic Information - After the US and China reduced tariffs, container shipping bookings from China to the US soared nearly 300% [6] - China urges the US to stop 232 tariff measures [6] - Li Qiang emphasizes strengthening the domestic cycle [6] - The US April PPI annual rate dropped to 2.4%, and the monthly rate was - 0.5% [7] Energy and Chemical Futures - The supply of the float glass industry shrank, with inventory rising [9] - Iran may reach an agreement with the US to lift sanctions [11] - China's styrene factory output and capacity utilization decreased [11] - Singapore's fuel oil and light distillate inventories decreased, while middle distillate inventories increased [11] - The IEA expects global oil supply to exceed demand in 2025 [11] - A Shandong alumina plant adjusted the purchase price of liquid caustic soda [12] - Iran says it won't ship high - enriched uranium abroad until sanctions are lifted [13] Metal Futures - An Anhui galvanizing plant will start a new production line [15] - China's alumina operating rate decreased [17] - China's recycled aluminum alloy ingot production and capacity utilization declined in April [17] Black - Series Futures - Rebar production, apparent demand increased, and inventories decreased [19] - Tangshan's steel billet inventory decreased [19] Agricultural Product Futures - Textile enterprises' cotton inventory decreased in April [21] - Australia's 2025/2026 rapeseed production is expected to be 620 million tons [21] - Brazil's Mato Grosso state had a record soybean yield [23] - China's palm oil imports are expected to increase, and prices may weaken [23] - The expected biodiesel blending volume is lower than before [24] - Brazil's soybean and soybean meal exports are expected to increase [24] - Brazil's port sugar - waiting ships and sugar volume increased [24] - Malaysia's palm oil exports increased in May [24] - China's industrial feed production increased in April [25] - More US soybean and corn planting areas are affected by drought [27] - US soybean and corn export net sales changed [27] - Brazil's soybean and corn production are expected to increase [27] - Malaysia's palm oil exports are expected to increase [28] - US soybean oil inventory and soybean crushing volume changed in April [28] Financial Market Finance - The CSRC revised the rules for the supervision of raised funds of listed companies [30] - The CSRC will strengthen the crackdown on illegal activities in the stock market [32] - A - shares oscillated weakly, and the Hong Kong stock market declined [32] - Goldman Sachs raised the target points of the MSCI China Index and CSI 300 Index [33] - Insurance funds continued to increase their holdings of bank stocks [33] - Alibaba's Q4 revenue and profit increased [33] - Hengrui Medicine launched an H - share public offering [35] - Dongfang Zhongke provides testing services for Xiaomi's chip - related company [35] - NetEase's Q1 revenue and profit increased [35] Industry - Many bank wealth management products' performance benchmarks were lowered [36] - Many FOF products issued liquidation warnings [36] - China's real estate industry is still in adjustment [36] - The China Real Estate Association will hold a commercial real estate development conference [36] - There is a large talent gap in the domestic Hongmeng ecosystem [38] - The Shanghai Tax Bureau is investigating the tax evasion allegation against Liu Xiaoqing [38] - Spring Airlines will launch a "pet in the cabin" service [39] Overseas - The US and Iran are negotiating on the nuclear issue [40] - There are internal differences in the Trump administration on AI trade [40] - Trump hopes Apple to increase production in the US [40] - US economic activity slowed, and inflation cooled [40] - US initial jobless claims were stable [42] - The EU is revising the trade agreement proposal with the US [42] - The eurozone's Q1 economic growth was revised down [42] - The UK's Q1 economic growth was faster than expected [42] - Hamas is negotiating with the US to end the Gaza conflict [43] - The UAE will invest $1.4 trillion in the US in the next 10 years [44] International Stock Markets - US stocks closed mixed, and European stocks rose slightly [45][46] - Berkshire Hathaway adjusted its holdings [46] - Meta postponed the release of its AI model [47] - Walmart's Q1 sales increased, but it warned of price increases [47] - Deere lowered its annual profit forecast [47] - Merck lowered its annual performance guidance [48] - Siemens' Q2 revenue and profit increased [49] - Allianz's Q1 operating profit reached a record high [50] - Thyssenkrupp's Q2 orders and sales declined [51] Commodities - International precious metal futures rose [52] - International oil prices dropped [52] - London base metals closed mixed [52] - The IEA expects global oil demand growth to slow [53] Bonds - China's bond futures mostly rose, and US and European bond yields declined [55] Foreign Exchange - The on - shore RMB against the US dollar depreciated, and the US dollar index declined [56][58] - The ruble reached its highest level against the US dollar since 2023 [57] Upcoming Events - There are multiple central bank officials' speeches, company events, and new stock listings [62]