冠通期货早盘速递-20260107

Group 1: Hot News - The 2026 China People's Bank Work Conference was held from January 5th - 6th, emphasizing the continuation of a moderately loose monetary policy, leveraging the integrated effects of incremental and existing policies, increasing counter - cyclical and cross - cyclical adjustment efforts, focusing on expanding domestic demand, optimizing supply, preventing and resolving risks, and stabilizing social expectations [3] - In December, 26 national construction steel production enterprises carried out production reduction and maintenance, 16 less than the previous month, affecting 2.5921 million tons of construction steel production, a 28.74% increase month - on - month [3] - According to the National Grain and Oil Information Center, in December 2025, the domestic soybean crushing volume of oil mills remained high at around 9.05 million tons, and soybean meal continued to accumulate inventory. In January, the arrival volume of imported soybeans decreased, and the soybean crushing volume is expected to slightly decrease to around 8 million tons, with a soybean meal output of about 6.4 million tons. With the approaching Spring Festival stocking, the domestic soybean meal inventory of oil mills is expected to drop to around 900,000 tons by the end of January [3] - Shipping data shows that in the past five days, Venezuela's main oil terminals have not exported crude oil to any other destinations except for supplying Chevron in the United States [3] - According to Mysteel, the polysilicon production schedule for January 2026 is expected to be 104,500 tons, a 6.15% decrease month - on - month; the polysilicon operating rate in January 2026 is 36.71%, a 3% decrease month - on - month [3] Group 2: Sector Performance - Key sectors to focus on: urea, lithium carbonate, coking coal, Shanghai nickel, and crude oil [4] - Night session performance of commodity futures main contracts: non - metallic building materials rose 2.03%, precious metals rose 32.00%, oilseeds and oils rose 7.61%, soft commodities rose 3.40%, non - ferrous metals rose 28.21%, coal, coke, steel, and minerals rose 9.97%, energy rose 2.27%, chemicals rose 10.06%, grains rose 1.13%, and agricultural and sideline products rose 3.32% [4] Group 3: Sector Positions - The chart shows the changes in commodity futures sector positions in the past five days, including Wind agricultural and sideline products, Wind grains, Wind chemicals, Wind energy, Wind coal, coke, steel, and minerals, Wind non - ferrous metals, Wind commodity composites, Wind soft commodities, Wind oilseeds and oils, Wind precious metals, and Wind non - metallic building materials [5] Group 4: Performance of Major Asset Classes - Equity: Shanghai Composite Index rose 1.50% daily, 2.89% monthly, and 2.89% year - to - date; SSE 50 rose 1.90% daily, 4.21% monthly, and 4.21% year - to - date; CSI 300 rose 1.55% daily, 3.47% monthly, and 3.47% year - to - date; CSI 500 rose 2.13% daily, 4.67% monthly, and 4.67% year - to - date; S&P 500 rose 0.62% daily, 1.45% monthly, and 1.45% year - to - date; Hang Seng Index rose 1.38% daily, 4.21% monthly, and 4.21% year - to - date; German DAX rose 0.27% daily, 1.82% monthly, and 1.82% year - to - date; Nikkei 225 rose 1.32% daily, 4.33% monthly, and 4.33% year - to - date; FTSE 100 rose 1.18% daily, 1.93% monthly, and 1.93% year - to - date [6] - Fixed - income: 10 - year Treasury bond futures fell 0.13% daily, 0.15% monthly, and 0.15% year - to - date; 5 - year Treasury bond futures fell 0.11% daily, 0.18% monthly, and 0.18% year - to - date; 2 - year Treasury bond futures fell 0.05% daily, 0.09% monthly, and 0.09% year - to - date [6] - Commodities: CRB Commodity Index fell 0.21% daily, rose 1.10% monthly, and 1.10% year - to - date; WTI crude oil fell 2.30% daily, 0.90% monthly, and 0.90% year - to - date; London spot gold rose 1.09% daily, 4.10% monthly, and 4.10% year - to - date; LME copper rose 0.00% daily, 3.96% monthly, and 3.96% year - to - date; Wind Commodity Index rose 3.90% daily, 6.47% monthly, and 6.47% year - to - date [6] - Others: US Dollar Index rose 0.28% daily, 0.34% monthly, and 0.34% year - to - date; CBOE Volatility Index rose 0.00% daily, fell 0.33% monthly, and 0.33% year - to - date [6] Group 5: Stock Market Risk Appetite and Major Commodity Trends - The chart shows the trends of the Baltic Dry Index (BDI), CRB Spot Index, WTI crude oil, London spot gold, London spot silver, LME 3 - month copper, gold - oil ratio, copper - gold ratio, Wind All - A (excluding finance and petroleum and petrochemicals) and its risk premium, risk premiums of SSE 50, CSI 300, and CSI 500, and the futures closing prices of CBOT soybeans and CBOT corn [7]