冠通期货资讯早间报-20251017

Report Industry Investment Rating There is no information provided in the report regarding the industry investment rating. Core Viewpoints The report comprehensively presents the overnight performance of the global financial market, including the trends of various futures, stocks, bonds, and foreign exchange. It also covers important macro - economic news, policy announcements, and corporate earnings reports, reflecting the complex and dynamic nature of the current financial and economic situation. Summary by Directory Overnight Night - Market Trends - International precious metal futures generally rose, with COMEX gold futures up 3.40% at $4344.3 per ounce and COMEX silver futures up 3.99% at $53.43 per ounce [3] - WTI crude oil's main contract was at $56.95 per barrel, and Brent crude oil's main contract fell 1.37% to $61.06 per barrel [4] - Most London base metals rose, with LME aluminum up 1.82% at $2796.00 per ton, LME tin up 0.94% at $35725.00 per ton, etc. [4] Important Information Macroeconomic News - The 2025 central safety production assessment and inspection will be carried out, the first time in the name of the central government [6] - The Ministry of Commerce will strengthen policy reserves and introduce new policies to stabilize foreign trade [7] - The Shanghai Futures Exchange will adjust the trading and exercise fees of natural rubber, rebar, and lead options from November 10 [7] - Fed Governor Waller supports a further rate cut this month, but the policy path remains uncertain [8] - The market is betting on three Fed rate cuts this year, with a 96.3% probability of a 25 - basis - point cut in October [8] - Two US banks suffered fraud in lending to funds investing in bad commercial mortgages, dragging down bank stocks [8] - Trump said he would meet Putin in Budapest to discuss ending the Russia - Ukraine conflict [9] Energy and Chemical Futures - As of October 16, domestic soda ash manufacturers' total inventory was 170.05 million tons, up 0.94% from Monday, and production decreased by 3.93% week - on - week [11] - India said it would prioritize the interests of its consumers in the energy sector after Trump's statement [11] - Shahe City requires glass enterprises to complete the "coal - to - gas" transformation by the end of this month, involving a production capacity of about 8100 tons per day [11] - As of October 16, the total inventory of national float glass sample enterprises was 64.276 million heavy boxes, up 2.31% month - on - month and 11.14% year - on - year [12] - As of October 16, the float glass industry's operating rate was 76.35%, up 0.34 percentage points from the 9th [12] - As of October 16, China's liquefied gas port sample inventory decreased by 2.74% week - on - week [13] - The Shanghai International Energy Exchange will adjust the position threshold of the underlying futures contract for crude oil options from November 10 [15] - As of October 16, the methanol inventory at East China ports decreased by 5.11 million tons compared to October 9 [16] - As of October 10, US natural gas inventory increased by 0.7% year - on - year [16] - India has cut its oil imports from Russia by 50% [17] Metal Futures - The Shanghai Futures Exchange and the Shanghai Gold Exchange reminded investors to guard against risks in the precious metal market [19] - Peru's copper production in August decreased by 1.6% year - on - year, but increased by 2.6% in the first eight months of 2025 [19] - The rumor of a polysilicon storage platform was false [21] - Japan, Spain, and South Korea expressed concerns about the decline in copper processing and refining fees [21] - A medium - sized recycled lead smelter in central China has gradually resumed production, with a daily output of 300 tons [22] - Guinea's bauxite exports in Q3 increased by 23% year - on - year, mostly to China [22] Black - Series Futures - As of October 16, rebar production decreased by 1.1% week - on - week, and factory and social inventories decreased [24] - Hebei Iron and Steel's 75B ferrosilicon tender price in October was 5660 yuan/ton, down 140 yuan/ton from the previous round [25] - The China Iron and Steel Association said that domestic steel demand will decline during the "15th Five - Year Plan" period [25] - As of October 16, the total inventory of imported sintered powder of 114 steel mills decreased by 87.31 million tons [27] - The average profit per ton of coke for 30 independent coking plants nationwide was - 13 yuan/ton [27] Agricultural Product Futures - From October 1 - 15, Malaysia's palm oil production increased by 6.86% month - on - month [29] - As of October 16, the physical inventory of 36 jujube sample points decreased by 1.72% week - on - week [29] - Brazil exported 1538934 tons of soybeans, 266768 tons of soybean meal, and 902772 tons of corn last week [29] - Brazil's sugar production in the second half of September increased by 10.76% year - on - year [29] Financial Market Finance - On Thursday, A - shares fluctuated with low volume, with the Shanghai Composite Index up 0.1% at 3916.23 points [32] - The Hong Kong Hang Seng Index fell 0.09% to 25888.51 points, and the Hang Seng Tech Index fell 1.18% [32] - The Shanghai Stock Exchange will support green financing and strengthen ESG disclosure supervision [32] - First Capital Securities submitted a prospectus to the Hong Kong Stock Exchange to start the A + H dual - listing process [32] - TSMC's Q3 net profit reached a record high, up 39.1% year - on - year, and it expects Q4 revenue of $322 - 334 billion [33] Industry - The government may introduce new photovoltaic capacity control policies, and the rumor of a polysilicon storage platform is false [35] - Chinese scientists have solved the key problem of solid - state battery charging, potentially doubling the battery's range [36] - The 2025 World Intelligent Connected Vehicle Conference announced the construction of a national AI automotive application pilot base [36] - The Ministry of Industry and Information Technology launched the "Millisecond Computing in Urban Areas" special action [36] - The National Healthcare Security Administration requires all regions to carry out immediate settlement of medical insurance funds by the end of 2025 [36] - The market regulator is soliciting opinions on new regulations for online food delivery services [36] - The "Linglong One" completed its cold - state performance test [37] - China's ice and snow industry scale will exceed 1 trillion yuan in 2025 [39] Overseas - Trump said he would meet Putin to discuss ending the Russia - Ukraine conflict [40] - India said it would prioritize its consumers' interests in energy after Trump's statement [40] - The US fiscal deficit in 2025 decreased by 2% compared to 2024 [40] - Fed officials have different views on the rate - cut rhythm [40] - The Bank of Japan may tighten monetary policy if the economic outlook improves [41] - The German economy is likely to stagnate in Q3 [43] International Stock Markets - US stocks fell, with the Dow down 0.65%, the S&P 500 down 0.63%, and the Nasdaq down 0.47% [44] - European stocks rose, with the German DAX up 0.38%, the French CAC40 up 1.38%, and the UK FTSE 100 up 0.12% [44] - German Chancellor Merz called for the establishment of a pan - European stock exchange [44] - Asian - Pacific stocks rose, with the South Korean Composite Index up 2.49% and the Nikkei 225 up 1.27% [44] Commodities - The Shanghai Futures Exchange adjusted the fees of natural rubber, rebar, and lead options from November 10 [45] - The Shanghai International Energy Exchange adjusted the position threshold of crude oil options from November 10 [47] - International precious metal futures rose, and crude oil futures fell [47] - Russia's oil production is expected to be 510 million tons in 2025, a 1% decrease from last year [48] - Saudi Aramco's CEO warned of a future oil supply shortage [48] Bonds - The domestic bond market was strong, with most spot bond yields falling [49] - Uncertainty in the French bond market is increasing due to upcoming credit reviews [50] - US bond yields fell across the board [50] Foreign Exchange - The on - shore RMB against the US dollar fell 11 points at 16:30 on Thursday [51] - The US Treasury Secretary said the yen would stabilize if the Bank of Japan implemented the right policy [51] - The US dollar index fell 0.31% at the New York close [51]