资讯早间报-20251030

Report Overview - Report Date: October 30, 2025 - Content: Covers overnight market trends, important news, and financial market updates Overnight Market Trends International Precious Metals - COMEX gold futures fell 1.04% to $3,941.7 per ounce, and COMEX silver futures fell 0.1% to $47.275 per ounce [4][50] Crude Oil - WTI crude oil rose 0.35% to $60.36 per barrel, and Brent crude oil rose 0.74% to $64.30 per barrel [5][50] London Base Metals - LME nickel rose 0.71% to $15,405 per ton, LME copper rose 0.47% to $11,090 per ton, LME zinc rose 0.39% to $3,070 per ton, LME lead fell 0.35% to $2,019 per ton, LME aluminum fell 0.66% to $2,870 per ton, and LME tin fell 0.70% to $36,105 per ton [5][50] Domestic Futures - As of 23:00, domestic futures contracts mostly rose. Coking coal rose over 2%, PVC, coke, BR rubber, and low-sulfur fuel oil rose over 1%, iron ore and styrene rose nearly 1%, and glass fell nearly 1% [5] Important News Macroeconomic News - Five departments including the Ministry of Commerce issued the "Urban Business Quality Improvement Action Plan" to regulate the market order [8] - Chinese President Xi Jinping will meet with US President Trump in Busan, South Korea, on October 30 to discuss Sino-US relations [8] - From October 1 - 26, the retail sales of new energy passenger vehicles in China were 901,000 units, a 0% year-on-year increase, an 8% decrease from the previous month, and a 22% year-to-date increase [8] - The Fed cut interest rates by 25 basis points to 3.75% - 4.00%, ending balance sheet reduction on December 1 [9] Energy and Chemical Futures - As of October 29, the inventory of Chinese polyethylene producers was 416,000 tons, a 19.16% decrease from the previous period [12] - As of October 27, the total refined oil inventory in Fujairah Port, UAE, decreased by 2.258 million barrels [12] - As of October 29, the total methanol port inventory in China was 1.5065 million tons, a decrease of 5,700 tons [12] - As of October 25, Japanese commercial crude oil, gasoline, and kerosene inventories decreased, and the refinery operating rate increased to 91.2% [13] - For the week ending October 24, US commercial crude oil inventories decreased by 6.858 million barrels, and strategic petroleum reserves increased by 533,000 barrels [13] Metal Futures - As of October 29, the FOB alumina price in Western Australia was $319 per ton, and the import window remained open [15][16] - Glencore's copper production in the first nine months decreased by 17%, and it tightened its 2025 production guidance [16] - HSBC expects gold prices to continue rising and peak in the first half of 2026 [17] - Zinc mines in central, northern, and southwestern China will experience production changes in November [17] - The China Smelter Group decided not to set a Q4 copper concentrate TC/RC guidance [18] - China has established a complete lithium product supply system, with lithium carbonate and hydroxide production of about 588,000 and 303,000 tons from January - September [18] - An explosion occurred at a mine in Australia on October 27, causing casualties [18] Black Futures - Shanxi is increasing coal production to meet winter demand, with a 3.7% year-on-year increase in the first three quarters [21] - The third round of coke price increases has begun in Shandong [21] - On October 29, coking coal auction prices in Linfen mostly rose [21] - A large factory in Gansu will reduce silicon iron production by about 340 tons per day [22] - On October 29, coal shipments from Qinhuangdao and Jingtang ports showed different trends [22] Agricultural Futures - China may have purchased US soybeans this harvest season [24] - The government of Uttar Pradesh, India, raised the new sugarcane purchase price by 8.1% [26] - Soybean planting in Paraná, Brazil, is progressing rapidly [26] - On October 29, the import costs of US, Brazilian, and Argentine soybeans increased [26] - Rabobank expects Brazil's 2025/26 soybean production to be 177 million tons, an increase of 3% [26] - The Argentine oilseed workers' union may go on strike next week [27] Financial Markets A-Shares - The Shanghai Composite Index rose 0.7% to 4,016.33, the Shenzhen Component Index rose 1.95%, and the ChiNext Index rose 2.93%. A-share trading volume was 2.29 trillion yuan [29] Regulatory News - The CSRC will regulate AI in the capital market and promote reforms in the Beijing Stock Exchange and the New Third Board [31][31] Fund News - As of September, the net asset value of China's public funds reached 36.74 trillion yuan, a record high [31] - Central Huijin's ETF holdings increased by over 200 billion yuan in Q3 [32] North Exchange - As of October 29, 90 out of 133 North Exchange companies had year-on-year revenue growth, and 72 had profit growth [32] M&A Rules - Beijing issued M&A rules to encourage strategic and emerging industry mergers [34] Private Fund - Ningquan Asset will suspend new investor subscriptions starting October 30 [35] Industry News - A 51 billion yuan central enterprise strategic emerging industry fund was launched [36] - The financial regulator promoted the use of the fourth life table in the life insurance industry [36] - The added value of the electronic information manufacturing industry increased by 10.9% in the first three quarters [36] - Five departments launched a three-year action to promote integrated medical and elderly care services [36] - The total social logistics volume in the first three quarters was 263.2 trillion yuan, a 5.4% increase [37] - In September, the automobile dealer inventory coefficient was 1.35, above the reasonable range [38] Overseas News - South Korea and the US reached a trade agreement, with South Korea investing $350 billion and the US reducing auto tariffs [40] - The US Senate passed a bill to end tariffs on Brazilian goods, but the House may delay the vote [40] - The US imposed new sanctions on Russian oil companies [40] - France plans to raise the digital tax rate on tech giants to 6% [41] - The Bank of Canada cut interest rates by 25 basis points to 2.25% [41] International Stock Markets - US stocks closed mixed, with the Dow down 0.16%, the S&P 500 flat, and the Nasdaq up 0.55% [42] - European stocks closed mixed, with the German DAX down 0.64%, the French CAC40 down 0.19%, and the UK FTSE 100 up 0.61% [44] - The Nikkei 225 rose 2.17% to a new high, and the South Korean Composite Index rose 1.76% [44] - Google, Meta, Microsoft, and other companies released their Q3 earnings [44][45][46] Commodities - International precious metals fell, crude oil rose, and base metals were mixed [50] - Russians are buying more gold, and the Indian central bank is repatriating gold reserves [51] Bonds - The domestic bond market was active, with short-term bond yields falling [53] - Barclays plans to issue up to 4 billion yuan in panda bonds in China [53] - US bond yields rose due to Powell's remarks [53] Foreign Exchange - The onshore RMB rose to a one-year high against the US dollar, and the US dollar index rose [54]