Report Industry Investment Rating No relevant information provided. Core Viewpoints of the Report The report comprehensively presents the overnight performance of the global financial market, including the trends of various commodities, macro - economic news, and the performance of different financial sectors. It also provides forecasts and analyses of multiple industries and markets, such as the oil market, metal market, and stock market. Summary by Directory Overnight Night - Market Trends - Oil prices declined due to OPEC's production increase and weak demand. The US crude oil main contract fell 1.69% to $65.17 per barrel, and the Brent crude oil main contract dropped 1.59% to $67.67 per barrel [2]. - International precious metal futures generally rose. COMEX gold futures climbed 0.25% to $3435.00 per ounce, and COMEX silver futures increased 1.36% to $37.84 per ounce [3]. - Most London base metals advanced. LME lead futures rose 0.84% to $1975.50 per ton, and LME aluminum futures gained 0.47% to $2565.00 per ton, while LME copper futures fell 0.54% to $9634.50 per ton [4]. - Domestic futures main contracts showed mixed results. Coking coal rose over 3%, coke increased over 1%, and rapeseed meal rose nearly 1%, while iron ore dropped over 0.5% [5]. Important Information Macroeconomic News - In July, China's service - sector PMI continued to expand. New business, new export business, and on - hand business were recorded at 53.3 (up 2.3 month - on - month), 51.2 (up 2.9 month - on - month), and 50.1 (down 1.6 month - on - month) respectively. The new business indicator's increase reached a new high this year [7]. - In the first half of 2025, the whole market added 410,000 new futures customers, a 2.5% increase year - on - year. By the end of June 2025, the total number of effective customers reached 2.61 million, a 12% year - on - year increase [9]. - EU officials stated that EU goods face a 15% tariff when entering the US, applicable to all goods except steel and aluminum [9]. - Seven Chinese departments jointly issued a guidance on financial support for new - type industrialization, aiming to provide high - quality financial services [9]. - In July, the trading volume of China's futures market was 1,058,719,289 lots, and the trading value was 71.31 trillion yuan, up 48.89% and 36.03% year - on - year respectively [9]. Energy and Chemical Futures - Capital Economics predicted that OPEC+ would take a break before lifting the new round of voluntary production cuts to avoid an oil market surplus and expected production to increase again from the second quarter of 2026 [13]. - The price of single - layer coated photovoltaic glass rose to 11 yuan per square meter, up 1 yuan month - on - month [14]. Metal Futures - Guinea's transitional president revoked the bauxite mining concession originally granted to a global aluminum company [16]. - In July 2025, China's primary aluminum output was 3.7776 million tons, up 2.36% year - on - year and 3.31% month - on - month [17]. - According to Western Mining's semi - annual report, its mined zinc output was 62,875 million tons, up 18.61% year - on - year, and mined lead output was 35,071 million tons, up 24.63% year - on - year [17]. Black - Series Futures - A coal mine in Linfen suspended production on August 1, with the resumption time undetermined [20]. - In July, the total steel export volume of 32 domestic ports was 11.3646 million tons, down 1.5% month - on - month [20]. - After the rain in Ordos ended on August 5, some coal mines resumed production, leading to tightened supply and increased demand, and coal prices were frequently adjusted upwards [20]. - From July 28 to August 3, the total iron ore inventory of seven major ports in Australia and Brazil was 12.84 million tons, down 709,000 tons month - on - month [20]. Agricultural Product Futures - Last week, the domestic soybean oil mill operating rate remained high, soybean commercial inventory increased, and soybean meal inventory decreased slightly [23]. - Brazil's 2024/25 corn production forecast was raised to a record 134 million tons [23]. - On August 5, Zhengzhou Commodity Exchange announced a public consultation on amending the business rules for fresh apple futures [24]. - In July 2025, Muyuan sold 6.355 million commercial pigs, with sales revenue of 11.639 billion yuan [24]. Financial Market Finance - Regulatory authorities are cracking down on capital market fraud by punishing third - party companies that provide substantial fraud services for listed companies [28]. - On Tuesday, the A - share market rose, with the Shanghai Composite Index up 0.96% to 3617.6 points, and the market turnover reaching 1.62 trillion yuan [28]. - The Hong Kong Hang Seng Index rose 0.68% to 24,902.53 points, and the south - bound capital had a net purchase of HK$23.426 billion [28]. - As of August 5, 23 stocks had QFIIs in their top ten tradable shareholders' lists at the end of the second quarter, with a total market value of 3.737 billion yuan [29]. - In July, the number of newly - registered private equity securities funds reached 1298, a 18% increase month - on - month [29]. Industry - The 2025 World Robot Conference will be held on August 8, with over 100 new products to be launched [33]. - The 11th batch of national drug procurement is highly competitive, with 480 companies submitting application materials for 55 drugs [33]. - The China Chamber of Commerce for Import and Export of Machinery and Electronic Products issued an initiative to maintain the high - quality development of the photovoltaic industry's foreign trade [33]. - The Passenger Car Association raised the full - year sales forecast for 2025 to 24.35 million vehicles, a 6% increase year - on - year [34]. Overseas - The Trump administration plans to terminate the system initiated by Elon Musk that requires federal employees to report their weekly work results [38]. - The US trade deficit in goods and services in June decreased by 16% month - on - month to $60.2 billion [38]. - The US ISM non - manufacturing index in July dropped from 50.8 to 50.1, lower than the expected 51.5 [38]. - The Bank of Japan may further raise interest rates if the economy and inflation develop as expected [38]. International Stock Markets - US stocks closed lower, with the Dow down 0.14%, the S&P 500 down 0.49%, and the Nasdaq down 0.65% [42]. - European stocks closed mixed, with the German DAX up 0.37%, the French CAC40 down 0.14%, and the UK FTSE 100 up 0.16% [42]. - The assets of index ETFs linked to the MSCI global stock index have exceeded $2 trillion, with a growth rate of 17% since the beginning of 2025 [42]. Commodities - In July, the trading volume of China's futures market was 1.059 billion lots, and the trading value was 71.31 trillion yuan, up 48.89% and 36.03% year - on - year respectively [47]. - Oil prices declined due to OPEC's production increase and weak demand [47]. - International precious metal futures generally rose, with COMEX gold futures up 0.25% and COMEX silver futures up 1.36% [47]. Bonds - Domestic bank - bond yields were mostly stable, and treasury bond futures were mostly up, while credit bonds fluctuated narrowly [50]. - US bond yields mostly rose, with the 2 - year yield up 4.9 basis points to 3.720% [50]. Foreign Exchange - The on - shore RMB against the US dollar closed at 7.1876 on Tuesday, down 110 basis points from the previous trading day [51]. - The Hong Kong Monetary Authority bought HK$6.429 billion and sold US dollars in the New York session on August 5 [52]. - The US dollar index rose 0.01% to 98.76, and most non - US currencies rose [52]. Upcoming Events - At 09:20, 309 billion yuan of reverse repurchases of the People's Bank of China will expire [55]. - At 12:30, the Reserve Bank of India will announce its interest rate decision [55]. - At 18:30, the Central Bank of Russia will release the minutes of its monetary policy meeting [55]. - At 20:00, DJI will officially launch its first sweeping robot [55].
冠通期货资讯早间报-20250806
Guan Tong Qi Huo·2025-08-06 01:15