冠通期货早盘速递-20251118

Report Summary 1. Hot News - This year from January to October, China's national fiscal revenue was 18.65 trillion yuan, a year-on-year increase of 0.8%. In October alone, the national fiscal revenue was 2.26 trillion yuan, a year-on-year increase of 3.2%. From January to October, national fiscal expenditure was 2.258 trillion yuan, a year-on-year increase of 2% [2] - Since November 18, the Ministry of Commerce has initiated a final review investigation into the anti - dumping and counter -vailing measures on imported n - propanol originating from the United States. During the investigation period, anti - dumping duties of 254.4% - 267.4% and counter -vailing duties of 34.2% - 37.7% will continue to be imposed [2] - On November 18, the actual controllers of multiple silicone companies will gather in Shanghai to discuss "anti - involution". The industry has reached a preliminary consensus on details such as production reduction targets and time, and relevant details are expected to be finalized at this meeting [2] - The European Commission stated that the eurozone economy may expand faster than expected this year and reach or exceed the potential growth rate in 2026 and 2027. However, due to defense spending, debt and deficits will also rise. It is expected that the eurozone GDP will grow by 1.3% this year, higher than the 0.9% forecast in April [2] - India signed its first long - term contract to purchase liquefied petroleum gas (LPG) from the United States. In 2026, Indian state - owned oil companies will import about 2.2 million tons of LPG from the United States, accounting for about 10% of India's annual imports [2] 2. Key Focus - Key commodities to focus on include urea, lithium carbonate, coking coal, polysilicon, and asphalt [3] 3. Night - session Performance - In the night - session of commodity futures, the non - metallic building materials sector rose 3.30%, the precious metals sector rose 28.87%, the oilseeds and oils sector rose 9.94%, the non - ferrous metals sector rose 23.66%, the soft commodities sector rose 2.60%, the coal, coke, steel and ore sector rose 12.58%, the energy sector rose 2.87%, the chemical sector rose 11.02%, the grains sector rose 1.18%, and the agricultural and sideline products sector rose 3.98% [3] 4. Sector Positions - The chart shows the changes in the positions of commodity futures sectors in the past five days [4] 5. Performance of Major Asset Classes | Category | Name | Daily Return (%) | Monthly Return (%) | Year - to - Date Return (%) | | --- | --- | --- | --- | --- | | Equity | Shanghai Composite Index | - 0.46 | 0.44 | 18.51 | | | SSE 50 | - 0.87 | 0.02 | 12.19 | | | CSI 300 | - 0.65 | - 0.92 | 16.85 | | | CSI 500 | - 0.00 | - 1.30 | 26.37 | | | S&P 500 | - 0.92 | - 2.45 | 13.44 | | | Hang Seng Index | - 0.71 | 1.84 | 31.53 | | | German DAX | - 1.20 | - 1.54 | 18.49 | | | Nikkei 225 | - 0.10 | - 3.98 | 26.14 | | | FTSE 100 | - 0.24 | - 0.43 | 18.38 | | Fixed - income | 10 - year Treasury Bond Futures | 0.09 | - 0.18 | - 0.40 | | | 5 - year Treasury Bond Futures | 0.05 | - 0.15 | - 0.60 | | | 2 - year Treasury Bond Futures | 0.03 | - 0.06 | - 0.48 | | Commodity | CRB Commodity Index | - 0.23 | - 0.30 | 1.66 | | | WTI Crude Oil | - 0.70 | - 1.97 | - 17.03 | | | London Spot Gold | - 0.92 | 1.04 | 54.13 | | | LME Copper | - 0.79 | - 1.15 | 22.60 | | | Wind Commodity Index | - 3.38 | - 1.50 | 28.67 | | Other | US Dollar Index | 0.25 | - 0.20 | - 8.25 | | | CBOE Volatility Index | 0.00 | 13.70 | 14.29 | [5]