冠通期货资讯早间报-20250912

Report Industry Investment Rating No relevant content provided. Core Viewpoints The report presents a comprehensive overview of various financial markets, including commodities, stocks, bonds, and foreign exchange, along with important macroeconomic and industry - specific news. It shows a complex picture of market trends influenced by factors such as supply - demand dynamics, policy changes, and economic data releases. Summary by Directory Overnight Night - Market Trends - International precious metal futures closed mixed, with COMEX gold futures down 0.23% at $3673.40 per ounce and COMEX silver futures up 1.12% at $42.07 per ounce [3][44] - US oil and Brent crude oil futures declined, with US oil down 2.25% at $62.24 per barrel and Brent crude down 1.78% at $66.29 per barrel [4][44] - London base metals all rose, with LME aluminum up 2.06% at $2679.00 per ton, LME zinc up 0.64% at $2905.00 per ton, LME nickel up 0.49% at $15220.00 per ton, and LME copper up 0.44% at $10057.00 per ton [4][45] - Domestic futures contracts were mixed, with some like soybeans and palm oil rising and others like low - sulfur fuel oil and glass falling [5] Important News Macroeconomic News - As of September 11, Ningbo Zhoushan Port's container throughput exceeded 30 million TEUs, 23 days earlier than last year [8] - From September 1 - 7, the national passenger car market retail sales were 304,000 units, down 10% year - on - year and 4% month - on - month, with cumulative sales of 15.069 million units this year, up 9% year - on - year [8] - In August, China's automobile production and sales were 2.815 million and 2.857 million units respectively, up 13% and 16.4% year - on - year [8][32] - US investors' interest in the Chinese market reached the highest level since 2021 [9] - US August CPI data was higher than expected, but Fed rate cuts next week are still likely due to a weak job market [9] - US initial jobless claims reached a nearly four - year high, increasing bets on Fed rate cuts, but strong CPI may prevent large - scale cuts [11] Energy and Chemical Futures - As of September 11, East China port methanol inventory was 808,100 tons, up 98,200 tons from last week [13] - Singapore fuel oil and light distillate inventories decreased, while medium distillate inventory increased [13] - IEA raised 2025 global oil supply and demand growth forecasts [13] - OPEC maintained 2025 and 2026 global crude oil demand growth forecasts, and OPEC + production increased in August [15] - US natural gas inventory increased in the week ending September 5 [15] Metal Futures - Ningde Times' subsidiary made decisions for lithium mine复产 [17] - In August, China's power and other battery exports were 22.6GWh, down 2.6% month - on - month and up 23.9% year - on - year [17] - Vietnam plans to open a gold exchange and allow gold imports [18] - Gold prices exceeded the inflation - adjusted peak of 45 years ago [18] Black - Series Futures - This week, rebar inventory increased, and apparent demand decreased [20] - The capacity utilization rate of coking coal mines increased, and coal inventory decreased [20] - The average profit per ton of coke in independent coking plants varied by region [20] Agricultural Futures - India should adjust sugar and ethanol prices and allow sugar exports [22] - Malaysian palm oil production decreased in early September, and inventory may increase in September [22][24] - Brazilian soybean and corn production forecasts were positive [24][25] - US soybean, corn, and cotton planting areas affected by drought increased [25] Financial Markets Finance - A - shares rose significantly, with the Shanghai Composite Index up 1.65%, Shenzhen Component Index up 3.36%, ChiNext Index up 5.15%, and STAR 50 up 5.32% [28] - Hong Kong's Hang Seng Index fell 0.43%, and southbound funds had large net purchases [28] - A - share refinancing market activity increased significantly this year [30][31] - Hesai Technology's Hong Kong IPO price was set, and funds raised are expected to be HK$4.16 billion [31] Industry - From 2026, new energy vehicle purchase tax will be halved [32] - China will include HPV vaccines in the national immunization program [32] - Multiple illegal accounts related to enterprise - related online "black mouths" were dealt with [32] - 15 platform companies will sign algorithm and labor rule agreements [33] - 2025 securities firm classification evaluation results are expected to be released in mid - to - late September [35] - Bank wealth management companies' scale increased in August [35] - Some Taobao merchants suspended gold repurchase due to platform rule adjustments [35] - China's express delivery development index increased in August [36] Overseas - The European Central Bank kept rates unchanged, and the market expects the end of the rate - cut cycle [37] - South Korea may need to cut rates due to US tariffs [37] - Switzerland proposed a comprehensive plan to resolve trade disputes with the US [37] - Turkey's central bank cut rates by more than expected [39] International Stocks - US stocks reached new highs, with the Dow up 1.36%, S&P 500 up 0.85%, and Nasdaq up 0.72% [40] - European stocks rose, driven by positive economic data and rate - cut expectations [40] - Asian - Pacific stocks continued to rise, with Japanese and South Korean stocks hitting new highs [40] - Japan's central bank plans to reduce ETF holdings [41] - Tata Capital plans a large - scale IPO [41] - Adobe released its Q3 financial results and Q4 earnings forecast [43] Commodities - Precious metals had mixed performance, with gold down and silver up [3][44] - Crude oil prices fell due to supply - demand changes [4][44] - Base metals rose, influenced by Fed rate - cut expectations [45] Bonds - China's bond market had a mixed performance, with short - to - medium - term bonds strengthening and 30 - year bonds weakening [47] - US bond yields had different trends [47] Foreign Exchange - The on - shore RMB against the US dollar weakened slightly, and the US dollar index fell [48]