南华商品指数：有色板块领涨，贵金属板块下跌

Report Summary 1) Report Industry Investment Rating - Not provided in the given content 2) Core Viewpoints - Calculated based on the closing prices of adjacent trading days, today the Nanhua Composite Index rose by 0.96%. Among the sector indices, only the Nanhua Precious Metals Index fell by -0.32%, while the rest all rose, with the Nanhua Non - Ferrous Metals Index having the largest increase of 1.67% and the Nanhua Black Index having the smallest increase of 0.5% [1][3]. - All theme indices rose, with the Energy Index having the largest increase of 1.55% and the Coal - to - Chemical Index having the smallest increase of 0.28% [1][3]. - Among the single - variety indices of commodity futures, the International Copper index had the largest increase of 3.59%, and the Gold index had the largest decrease of - 0.61% [1][3]. 3) Summaries by Related Catalogs Market Data of Nanhua Commodity Index - The Nanhua Composite Index (NHCI) closed at 2568.05, up 24.38 points or 0.96% from the previous trading day, with an annualized return of 8.49%, an annualized volatility of 12.74%, and a Sharpe ratio of 0.67 [3]. - The Nanhua Precious Metals Index (NHPMI) closed at 1392.69, down 4.40 points or - 0.32% from the previous trading day, with an annualized return of 42.06%, an annualized volatility of 16.15%, and a Sharpe ratio of 2.60 [3]. - The Nanhua Industrial Products Index (NHII) closed at 3658.15, up 38.84 points or 1.07% from the previous trading day, with an annualized return of 2.27%, an annualized volatility of 15.31%, and a Sharpe ratio of 0.15 [3]. - The Nanhua Metal Index (NHMI) closed at 6456.92, up 66.24 points or 1.04% from the previous trading day, with an annualized return of 6.24%, an annualized volatility of 13.95%, and a Sharpe ratio of 0.45 [3]. - The Nanhua Energy and Chemical Index (NHECI) closed at 1673.93, up 15.83 points or 0.95% from the previous trading day, with an annualized return of - 2.72%, an annualized volatility of 17.70%, and a Sharpe ratio of - 0.15 [3]. - The Nanhua Non - Ferrous Metals Index (NHNF) closed at 1712.18, up 28.19 points or 1.67% from the previous trading day, with an annualized return of 5.96%, an annualized volatility of 12.66%, and a Sharpe ratio of 0.47 [3]. - The Nanhua Black Index (NHFI) closed at 2594.63, up 12.84 points or 0.50% from the previous trading day, with an annualized return of 1.42%, an annualized volatility of 20.67%, and a Sharpe ratio of 0.07 [3]. - The Nanhua Agricultural Products Index (NHAI) closed at 1076.18, up 8.01 points or 0.75% from the previous trading day, with an annualized return of 3.04%, an annualized volatility of 8.97%, and a Sharpe ratio of 0.34 [3]. - The Nanhua Mini - Composite Index (NHCIMi) closed at 1203.54, up 8.70 points or 0.73% from the previous trading day, with an annualized return of 2.18%, an annualized volatility of 11.00%, and a Sharpe ratio of 0.20 [3]. - The Nanhua Energy Index (NHEI) closed at 1080.42, up 16.52 points or 1.55% from the previous trading day, with an annualized return of - 0.61%, an annualized volatility of 19.53%, and a Sharpe ratio of - 0.03 [3]. - The Nanhua Petrochemical Index (NHPCI) closed at 930.44, up 6.40 points or 0.69% from the previous trading day, with an annualized return of - 1.83%, an annualized volatility of 10.06%, and a Sharpe ratio of - 0.18 [3]. - The Nanhua Coal - to - Chemical Index (NHCCI) closed at 1001.63, up 2.76 points or 0.28% from the previous trading day, with an annualized return of - 3.17%, an annualized volatility of 11.96%, and a Sharpe ratio of - 0.26 [3]. - The Nanhua Black Raw Materials Index (NHFM) closed at 1096.96, up 8.28 points or 0.76% from the previous trading day, with an annualized return of - 0.02%, an annualized volatility of 20.68%, and a Sharpe ratio of 0.00 [3]. - The Nanhua Building Materials Index (NHBMI) closed at 749.33, up 4.44 points or 0.60% from the previous trading day, with an annualized return of - 3.36%, an annualized volatility of 19.50%, and a Sharpe ratio of - 0.17 [3]. - The Nanhua Oilseeds and Oils Index (NHOOI) closed at 1249.41, up 16.76 points or 1.36% from the previous trading day, with an annualized return of 0.21%, an annualized volatility of 12.45%, and a Sharpe ratio of 0.02 [3]. - The Nanhua Economic Crops Index (NHAECI) closed at 896.40, up 3.07 points or 0.34% from the previous trading day, with an annualized return of - 0.67%, an annualized volatility of 7.20%, and a Sharpe ratio of - 0.09 [3]. Agricultural Products Sector - Among the single - variety indices in the agricultural products sector, Palm Oil rose by 1.05%, Rapeseed Oil by 2.23%, Rapeseed by 0.13%, Rapeseed Meal by 2.05%, and Starch by 0.11% [16].