冠通期货早盘速递-20251222

Report Date - The report is dated December 22, 2025 [1] News Highlights - Li Qiang chaired an executive meeting of the State Council to arrange the implementation of decisions from the Central Economic Work Conference, emphasizing the need to speed up the formulation of implementation plans and strengthen cross - departmental cooperation [2] - Maersk completed a ship's passage through the Mandeb Strait and into the Red Sea on the 19th, the first in nearly two years, and is considering gradually resuming east - west routes via the Suez Canal and the Red Sea [2] - China's Cyberspace Administration and the China Securities Regulatory Commission are cracking down on online false information related to the capital market and have dealt with accounts spreading rumors and illegally recommending stocks [2] - The Dalian Commodity Exchange will adjust the premium and discount of designated delivery warehouses for coking coal futures in Tangshan, Hebei and Tianjin from 170 yuan/ton to 140 yuan/ton, effective from the JM2701 contract [2] - Indonesia started road - testing B50 biodiesel (50% palm oil) two weeks ago, with the test expected to last about six months, and the mandatory use policy likely to be implemented in the second half of 2026 [3] Key Focus - Key commodities to focus on are p - xylene, PTA, Shanghai gold, asphalt, and PP [4] Night - session Performance Plate Performance - Non - metallic building materials rose 2.40%, precious metals 32.69%, oilseeds and fats 8.62%, soft commodities 3.31%, non - ferrous metals 24.35%, coal, coke, steel and minerals 10.75%, energy 2.55%, chemicals 10.40%, grains 1.32%, and agricultural and sideline products 3.62% [4] Asset Performance Equity - The Shanghai Composite Index rose 0.36% daily, 0.05% monthly, and 16.07% annually; the S&P 500 rose 0.88% daily, - 0.21% monthly, and 16.20% annually; the Hang Seng Index rose 0.75% daily, - 0.65% monthly, and 28.07% annually, etc. [7] Fixed - income - The 10 - year treasury bond futures rose 0.10% daily, 0.19% monthly, and - 0.71% annually; the 5 - year treasury bond futures rose 0.09% daily, 0.21% monthly, and - 0.54% annually; the 2 - year treasury bond futures rose 0.04% daily, 0.11% monthly, and - 0.47% annually [7] Commodity - The CRB Commodity Index rose 0.64% daily, - 2.12% monthly, and - 0.55% annually; WTI crude oil rose 0.98% daily, - 3.17% monthly, and - 21.37% annually; London spot gold rose 0.23% daily, 2.90% monthly, and 65.43% annually, etc. [7] Other - The US dollar index rose 0.28% daily, - 0.73% monthly, and - 9.01% annually; the CBOE Volatility Index fell - 11.62% daily, - 8.81% monthly, and - 14.06% annually [7]