冠通期货早盘速递-20251209

Report Core View - The Politburo meeting pointed out that next year's economic work should adhere to making progress while maintaining stability and improving quality and efficiency, continue to implement a more proactive fiscal policy and a moderately loose monetary policy, and enhance the integrated effect of existing and incremental policies. It also emphasized increasing counter - cyclical and cross - cyclical adjustment and implementing more proactive and effective macro - policies [2] - The Shanghai Futures Exchange issued an announcement due to complex and changeable international situations and large fluctuations in the precious metals market, reminding relevant parties to take measures to prompt investors to prevent risks and invest rationally [2] - China's total goods trade import and export value in the first 11 months of this year was 41.21 trillion yuan, a year - on - year increase of 3.6% [2] - China's soybean imports in November were 8.107 million tons, and the cumulative imports from January to November were 10.379 million tons, a year - on - year increase of 6.9% [2] - From November 24 - 30, 2025, the average purchase price of live pigs by designated slaughtering enterprises was 13.11 yuan/kg, a month - on - month decrease of 0.9% and a year - on - year decrease of 27.0% [2] Key Information by Category Hot News - The Politburo meeting determined the economic tone for next year, emphasizing the implementation of proactive fiscal and moderately loose monetary policies [2] - The Shanghai Futures Exchange reminded of risks in the precious metals market [2] - China's goods trade import and export maintained growth in the first 11 months, with a year - on - year increase of 3.6% [2] - China's soybean imports showed an increasing trend in the first 11 months [2] - The average purchase price of live pigs decreased both month - on - month and year - on - year [2] Key Focus - Focus on commodities such as lithium carbonate, coking coal, live pigs, Shanghai copper, and Shanghai gold [3] Night - session Performance - The night - session price changes of various commodity sectors are as follows: non - metallic building materials 2.70%, precious metals 30.17%, oilseeds 8.73%, non - ferrous metals 25.07%, soft commodities 2.86%, coal - coking and steel - ore 11.75%, energy 2.84%, chemicals 10.70%, grains 1.47%, and agricultural and sideline products 3.72% [3] Plate Position - The document shows the position changes of various commodity futures sectors in the past five days [4] Performance of Major Asset Classes - In the equity category, the Shanghai Composite Index rose 0.54% daily, 0.91% monthly, and 17.08% annually; the S&P 500 fell 0.35% daily, - 0.04% monthly, and rose 16.40% annually, etc. [5] - In the fixed - income category, the 10 - year Treasury bond futures rose 0.02% daily, - 0.03% monthly, and - 0.93% annually [5] - In the commodity category, WTI crude oil fell 2.06% daily, rose 0.75% monthly, and fell 18.19% annually; London spot gold fell 0.18% daily, - 0.68% monthly, and rose 59.67% annually [5] - In other categories, the US dollar index rose 0.12% daily, - 0.34% monthly, and - 8.65% annually; the CBOE Volatility Index was flat daily, fell 5.75% monthly, and - 11.18% annually [5] Trends of Major Commodities - The document shows the trends of various commodities such as the Baltic Dry Index, CRB spot index, WTI crude oil, London spot gold, LME copper, etc. [6]