Hot News - The Fourth Plenary Session of the 20th Central Committee started in Beijing on the morning of October 20, 2025. General Secretary Xi Jinping delivered a work report on behalf of the Political Bureau of the Central Committee and explained the "Proposal of the Central Committee of the Communist Party of China on Formulating the 15th Five - Year Plan for National Economic and Social Development (Discussion Draft)" to the plenary session [2] - China and the United States are about to return to the negotiation table. US President Trump said that the US would list rare earths, fentanyl, and soybeans as the three major issues to raise with China. Chinese Foreign Ministry Spokesperson Guo Jiakun responded that China's stance on handling China - US economic and trade issues is consistent and clear. Tariff wars and trade wars do not serve the interests of either side, and both sides should resolve relevant issues through consultations on the basis of equality, respect, and reciprocity [2] - The National Bureau of Statistics released data showing that China's GDP grew by 5.2% year - on - year in the first three quarters. Specifically, it grew by 5.4% in the first quarter, 5.2% in the second quarter, and 4.8% in the third quarter. In September, the added value of industrial enterprises above designated size increased by 6.5% year - on - year, and the total retail sales of consumer goods increased by 3%. In the first three quarters, the national fixed - asset investment decreased by 0.5% year - on - year, and increased by 3% after excluding real estate development investment; the per capita disposable income of residents was 32,509 yuan, with a real increase of 5.2% after deducting price factors [2] - The Zhengzhou Commodity Exchange plans to revise the "Detailed Rules for Urea Futures Business of the Zhengzhou Commodity Exchange" by adding large - granular urea as an alternative delivery product for small - and medium - granular urea. At the same time, the premium and discount and applicable regions of all alternative delivery products will be announced externally [2] - The Dalian Commodity Exchange announced that the monthly average price futures of linear low - density polyethylene, polyvinyl chloride, and polypropylene will be listed for trading starting at 21:00 on October 28, 2025, and will be included in the scope of tradable products for qualified overseas investors [3] Key Focus - The key commodities to focus on are urea, Shanghai copper, live pigs, plastics, and asphalt [4] Holiday Overseas Performance Plate Performance - The night - session price changes of major commodity futures contracts and the position - increasing ratios are presented. Different commodity sectors have different price change rates, such as non - metallic building materials with a 2.96% increase, precious metals with a 30.84% increase, oilseeds and fats with a 10.19% increase, etc. [4] Plate Positions - The changes in the positions of commodity futures plates in the past five days are shown, including Wind agricultural and sideline products, Wind grains, Wind chemical industry, etc. [5] Performance of Major Asset Classes | Category | Name | Daily Return (%) | Monthly Return (%) | Year - to - Date Return (%) | | --- | --- | --- | --- | --- | | Equity | Shanghai Composite Index | 0.63 | - 0.49 | 15.28 | | | SSE 50 | 0.24 | - 0.47 | 10.81 | | | CSI 300 | 0.53 | - 2.21 | 15.33 | | | CSI 500 | 0.76 | - 4.62 | 23.47 | | | S&P 500 | 1.07 | 0.70 | 14.51 | | | Hang Seng Index | 2.42 | - 3.71 | 28.91 | | | German DAX | 1.80 | 1.58 | 21.85 | | | Nikkei 225 | 3.37 | 9.46 | 23.29 | | | FTSE 100 | 0.52 | 0.57 | 15.06 | | Fixed - Income | 10 - Year Treasury Bond Futures | - 0.14 | 0.25 | - 0.75 | | | 5 - Year Treasury Bond Futures | - 0.11 | 0.02 | - 0.83 | | | 2 - Year Treasury Bond Futures | - 0.04 | - 0.04 | - 0.62 | | Commodity | CRB Commodity Index | 1.07 | - 1.37 | - 0.08 | | | WTI Crude Oil | - 0.09 | - 8.00 | - 20.06 | | | London Spot Gold | 0.00 | 10.20 | 62.01 | | | LME Copper | 1.02 | 4.05 | 21.99 | | | Wind Commodity Index | - 3.81 | 3.65 | 34.82 | | Other | US Dollar Index | 0.07 | 0.82 | - 9.09 | | | CBOE Volatility Index | 0.00 | 27.64 | 19.77 | [6] Main Commodity Trends - Multiple charts show the trends of major commodities, including the Baltic Dry Index (BDI), CRB spot index, WTI crude oil, London spot gold, London spot silver, LME 3 - month copper, etc., as well as the risk premiums of relevant stock indexes [7]
冠通期货早盘速递-20251021
Guan Tong Qi Huo·2025-10-21 01:19