广发期货日报-20260106

Report Investment Ratings - No investment ratings provided in the reports Core Views - In the precious metals market, the gold market has completed its correction. Future market attention may shift to the impact of US economic data on Fed policies and geopolitical situations in South America. Platinum and palladium prices may gradually stabilize, with the platinum price rising due to strong overseas markets. Palladium, with a relatively weaker fundamental situation, may follow the trend. The platinum-palladium ratio is expected to rise, presenting a hedging arbitrage opportunity. Silver may face a pullback risk due to global commodity index rebalancing, and investors are advised to maintain a light long position and use options to lock in profits [3] - In the container shipping industry, the freight rates for European and US routes have increased, with significant growth on the US - West route. The fundamental data shows that the global container shipping capacity supply remains stable, while port - related indicators and overseas economic data present a mixed picture [5] Summary by Category Stock Index Futures Spread - Price Difference Data: F, H, IC, and IM have different current - spot price differences and inter - period price differences, with varying changes compared to the previous day and percentile rankings in different time frames. There are also cross - variety ratios such as IC/IF, IC/IH, etc., with corresponding changes and percentile rankings [1] Bond Futures - Basis and Spread Data: TS, TF, T, and TL have different basis values, inter - period spreads, and cross - variety spreads, with corresponding changes compared to the previous day and percentile rankings since listing [2] Precious Metals - Domestic Futures: AU2602, AG2602, PT2606, and PD2606 contracts all declined in price, with varying decline rates [3] - Foreign Futures: Contracts for COMEX gold, COMEX silver, NYMEX platinum, and NYMEX palladium all rose in price, with varying increase rates [3] - Spot Prices: The spot prices of London gold and London silver rose, while the spot prices of platinum and palladium declined. The prices of gold T + D and silver T + D on the Shanghai Gold Exchange also declined [3] - Basis and Ratio: There are different basis values and cross - variety ratios among various precious metals, with corresponding changes [3] - Interest Rates and Exchange Rates: The 10 - year US Treasury yield, 2 - year US Treasury yield, 10 - year TIPS Treasury yield, and the US dollar index all changed slightly, while the on - shore RMB exchange rate declined slightly [3] - Inventory and Holdings: The inventories of Shanghai Futures Exchange gold and silver, COMEX gold and silver, and the holdings of SPRD gold ETF and SLV silver ETF all changed to different extents [3] Container Shipping Industry - Freight Index: The SCFIS for European and US - West routes increased, with a significant increase on the US - West route. The SCFI comprehensive index and the SCFI for US - West and US - East routes also increased, while the SCFI for the European route declined slightly [5] - Futures Prices and Basis: The prices of EC2602 (main contract), EC2604, etc. changed slightly, and the basis of the main contract increased [5] - Fundamental Data: The global container shipping capacity supply remained unchanged. Port - related indicators such as the port punctuality rate and port calls in Shanghai, and overseas economic data such as the euro - zone composite PMI, EU consumer confidence index, and US manufacturing PMI all changed to different extents [5]