冠通期货资讯早间报-20251103

1. Report Industry Investment Rating No relevant information provided in the content. 2. Core Views of the Report The report presents a comprehensive overview of overnight market trends, important macro - economic and industry - specific news, and future economic data release schedules. It provides information on various sectors including commodities, finance, and industries, offering insights for potential investment decisions. 3. Summary by Related Catalogs Overnight Night - Market Trends - International precious metal futures generally closed lower, with COMEX gold futures down 0.06% at $4013.40 per ounce, down 3.01% for the week and up 3.62% in October; COMEX silver futures down 0.75% at $48.25 per ounce, down 0.69% for the week and up 3.45% in October [5] - U.S. oil and Brent crude oil futures had mixed results, with U.S. oil up 0.51% at $60.88 per barrel, down 1.01% for the week and down 1.64% in October; Brent crude up 0.33% at $64.58 per barrel, down 0.95% for the week and down 1.15% in October [6] - London base metals mostly rose, with LME tin up 1.08% at $36180.00 per ton, up 1.06% for the week; LME aluminum up 0.86% at $2888.00 per ton, up 1.01% for the week; etc. [6] - As of the close on October 31 at 23:00, domestic futures contracts showed mixed results, with low - sulfur fuel oil (LU) and rapeseed meal up over 1%, and soda ash, BR rubber, methanol down over 2% [8] Important Information Macro - Information - China's manufacturing PMI in October was 49.0%, down 0.8 percentage points from the previous month, indicating a decline in manufacturing prosperity [10] - The U.S. Treasury Secretary said that the China - U.S. trade agreement could be signed as early as next week, and the Chinese Foreign Ministry spokesperson mentioned cooperation discussions during the leaders' meeting [10] - Shanghai export container freight indices showed an increase as of October 31 [10] - China's National Development and Reform Commission emphasized boosting consumer spending during the "15th Five - Year Plan" period [10] - The State Council executive meeting chaired by Li Qiang focused on deepening key - area reforms and opening up [11] - Some Fed officials opposed further interest - rate cuts in December [13] - China Futures Association issued the "Rules for the Management of Futures Market - Making Transactions" [13] - U.S. may provide long - range Tomahawk missiles to Ukraine [13] - Chinese President Xi Jinping attended the APEC meeting and announced the hosting of the 33rd APEC leaders' meeting in Shenzhen next year [14] - Chinese Commerce Minister Wang Wentao met with Canadian officials to discuss economic and trade relations [14] Energy and Chemical Futures - Thailand's natural rubber exports in the first three quarters of 2025 decreased by 8% year - on - year, with different trends for different types of rubber; exports to China increased by 6% [17] - Zhengzhou Commodity Exchange cancelled the designated p - xylene delivery warehouse qualification of Jiangsu Sanfangxiang International Storage Co., Ltd. [18] - U.S. President Trump denied plans to strike military targets in Venezuela [19] - Some OPEC + members may agree to increase production by 137,000 barrels per day in December, but a suspension of production increase is also possible [19] Metal Futures - China Non - Ferrous Metals Industry Association proposed setting a production ceiling for copper, lead, zinc, etc. [21] - Last week, copper inventory increased by 11,348 tons, aluminum inventory decreased by 4,594 tons, etc. in Shanghai Futures Exchange [22] - As of October 31, the market average price of polysilicon was 50 yuan per kilogram, with a profit of 10.4 yuan per kilogram [23] - Morgan Stanley expects gold prices to reach $4500 per ounce by mid - 2026 [25] - New tax policies for gold were announced by the Ministry of Finance and the State Taxation Administration [25] Black - Series Futures - As of October 27, national power plants had 220 million tons of coal in storage, and underground gas storage completed injection tasks [27] - Tangshan lifted the heavy - pollution weather emergency response [27] - The steel industry PMI in October was 49.2%, up 1.5 percentage points month - on - month [27] - China's steel production in the first three quarters decreased by 2.9% year - on - year, and is expected to continue to decline for the whole year [29] - Iron ore inventories at ports increased, and blast furnace operating rates decreased [29] Agricultural Product Futures - Indonesia set the reference price for crude palm oil in November at $963.75 per ton, with export taxes unchanged [31] - A hearing on the anti - dumping case of pork and pork by - products was held [31] - Dalian Commodity Exchange will list soybean meal and corn options contracts starting from February 2, 2026 [32] - Canada's rapeseed exports increased by 25.4% in the week ending October 26 [33] - Malaysia's palm oil exports increased in October [35][36] - Pig - raising profits improved but still showed losses [35] Financial Market Finance - After the Shanghai Composite Index reached 4000 points, A - share markets adjusted last week. Institutions suggest investors focus on low - valued and undervalued sectors [38] - As of October 31, domestic listed companies' performance in the first three quarters was positive, with revenue and profit growth [38] - Many funds adjusted their benchmarks, and a draft guideline for public - fund benchmarks was issued [40] - Some foreign - funded public funds performed well this year, and fund managers are optimistic about the fourth - quarter A - share market [40] - Foreign institutions actively surveyed A - share companies in October [41] - Insurance institutions increased their A - share holdings, with a large proportion in the financial and manufacturing sectors [41] - More listed companies announced cash - dividend plans, and the total cash - dividend amount was large [41] - Shanghai Suyuan Technology Co., Ltd. started the listing - guidance process [42] - CITIC Securities believes there are still structural opportunities in the A - share market and suggests investment in specific directions [44] - Brokerages' November gold - stock lists are concentrated in certain sectors, and the market is expected to rise [44] Industry - New - energy vehicle retail sales in October are expected to reach 1.32 million, with a penetration rate of about 60%. Some car - makers had high delivery volumes [45] - Hainan adjusted its car - scrap and replacement subsidy policy [45] - Shenzhen's property market cooled in October, with lower new - and second - hand housing sales [45] - A villa in Shenzhen was auctioned at a high price [46] - Liquor prices continued to decline, and e - commerce promotions were more subdued [47] Overseas - The U.S. federal government's "shutdown" has lasted 32 days, and it may last until late November [48] - U.S. Treasury Secretary suggested Fed rate cuts and mentioned no tariff on Canada [48] - Fed officials have different views on December interest - rate cuts, and the probability of a 25 - basis - point cut has decreased [48] International Stock Markets - U.S. stock trading hours will be postponed by 1 hour starting from November 3 due to winter time, and economic data release times will also be postponed [50] Commodities - New tax policies for gold were announced, which are expected to improve the market environment [51] - OPEC + agreed to increase production in December and suspend production increase in the first quarter of next year [52] Bonds - Shanxi Province issued 2.373 billion yuan of government bonds through Beijing Stock Exchange, with an average interest rate of 2.02% [53] Economic Data Release Schedule - Various economic data such as China's October S&P manufacturing PMI, Switzerland's October CPI, etc. will be released at different times [56] Events Schedule - There are events such as the expiration of China's central - bank reverse - repurchase operations, speeches by central - bank officials, and international meetings [58] Market Closure Information - Tokyo Stock Exchange was closed due to Culture Day [60]