Report Industry Investment Ratings - Not provided in the given content Core Views - Gold: Safe-haven sentiment rebounds [2][4] - Silver: Rapid upward movement [2][4] - Copper: Strong spot market supports prices [2][7] - Zinc: Oscillating with a slight upward bias [2][10] - Lead: Decrease in LME inventory supports prices [2][14] - Tin: Oscillating upwards [2][16] - Aluminum: Bullish trend [2][23] - Alumina: Look for selling opportunities at high prices [2][23] - Cast aluminum alloy: Stronger than electrolytic aluminum [2][23] - Platinum: Narrow-range oscillation [2][25] - Palladium: Range-bound oscillation [2][25] - Nickel: Industry and secondary funds are in a tug-of-war, with wide-range oscillation [2][29] - Stainless steel: Ferronickel lifts the oscillation center, and the market is speculating on Indonesian policies [2][30] Summaries by Related Catalogs Gold - Price Data: Shanghai Gold 2602 closed at 1,026.28 with a daily increase of 1.97%, and its night - session closing price was 1008.54 with a 0.80% increase. Comex Gold 2602 closed at 4608.80 with a 2.00% increase [4]. - Trading Volume and Open Interest: Shanghai Gold 2602 had a trading volume of 238,327, a change of 77,139 from the previous day, and an open interest of 116,450, a change of - 2,836 [4]. - Inventory: Shanghai Gold inventory was 97,653 kg, unchanged from the previous day. Comex Gold inventory (in troy ounces, the day before) was 36,311,918, a decrease of 75,458 [4]. - Macroeconomic and Industry News: US December non - farm payrolls were lower than expected, but the unemployment rate decreased. The University of Michigan's January consumer confidence preliminary reading reached a four - month high. Trump threatened Iran again and was reported to have listened to military strike plans. There were reports of Trump ordering the US military to plan an "invasion" of Greenland [4][6]. Silver - Price Data: Shanghai Silver 2602 closed at 20957 with a daily increase of 11.92%, and its night - session closing price was 19438.00 with a 6.19% increase. Comex Silver 2602 closed at 85.155 with a 6.72% increase [4]. - Trading Volume and Open Interest: Shanghai Silver 2602 had a trading volume of 166,150, a decrease of 5,862 from the previous day, and an open interest of 80,173, a decrease of 6,635 [4]. - Inventory: Shanghai Silver inventory was 649,643 kg, an increase of 29381. Comex Silver inventory (in troy ounces, the day before) was 439,740,503, a decrease of 2,738,911 [4]. Copper - Price Data: Shanghai Copper's main contract closed at 103,800 with a 2.36% increase, and its night - session closing price was 103320 with a - 0.46% change. LME Copper 3M electronic trading closed at 13,172 with a 1.59% increase [7]. - Trading Volume and Open Interest: Shanghai Copper Index had a trading volume of 562,942, a decrease of 224,328 from the previous day, and an open interest of 694,612, an increase of 12,971. LME Copper 3M electronic trading had a trading volume of 35,741, an increase of 8,674, and an open interest of 325,000, a decrease of 446 [7]. - Inventory: Shanghai Copper inventory was 116,622, an increase of 5,406. LME Copper inventory was 137,225, a decrease of 1,750 [7]. - Macroeconomic and Industry News: Fed Chair candidate Hassett questioned Fed overspending. Trump imposed a 25% tariff on countries trading with Iran. Codelco's 2025 copper production was 1.332 million tons, slightly higher than 2024. By 2040, global copper demand is expected to surge, driven by AI and defense [7][9]. Zinc - Price Data: Shanghai Zinc's main contract closed at 24175 with a 0.86% increase. LME Zinc 3M electronic trading closed at 3149 with a 0.57% increase [10]. - Trading Volume and Open Interest: Shanghai Zinc's main contract had a trading volume of 97940, a decrease of 45287 from the previous day, and an open interest of 101478, an increase of 24845. LME Zinc had a trading volume of 11232, a decrease of 3977, and an open interest of 233254, a decrease of 397 [10]. - Inventory: Shanghai Zinc futures inventory was 35341, a decrease of 3533. LME Zinc inventory was 106800, a decrease of 650 [10]. - News: The US Department of Justice launched a "criminal investigation" into Fed Chair Powell. Hassett questioned Fed overspending [10][11]. Lead - Price Data: Shanghai Lead's main contract closed at 17475 with a 0.46% increase. LME Lead 3M electronic trading closed at 2046.5 with a 1.49% increase [14]. - Trading Volume and Open Interest: Shanghai Lead's main contract had a trading volume of 35542, a decrease of 5669 from the previous day, and an open interest of 63535, an increase of 5171. LME Lead had a trading volume of 6649, a decrease of 4916, and an open interest of 175319, a decrease of 3306 [14]. - Inventory: Shanghai Lead futures inventory was 16489, an increase of 301. LME Lead inventory was 221450, a decrease of 1275 [14]. - News: Hassett questioned Fed overspending. Trump imposed a 25% tariff on countries trading with Iran [14]. Tin - Price Data: Shanghai Tin's main contract closed at 376,920 with a 6.92% increase, and its night - session closing price was 383,410 with a 5.24% increase. LME Tin 3M electronic trading closed at 48,200 with a 5.47% increase [17]. - Trading Volume and Open Interest: Shanghai Tin's main contract had a trading volume of 282,983, an increase of 29,897 from the previous day, and an open interest of 50,635, an increase of 9,898. LME Tin 3M electronic trading had a trading volume of 1,114, an increase of 526, and an open interest of 23,240, an increase of 26 [17]. - Inventory: Shanghai Tin inventory was 6,333, a decrease of 96. LME Tin inventory was 5,905, an increase of 490 [17]. - Macroeconomic and Industry News: Apple will use Google Gemini to power its AI - enabled Siri. The US Department of Justice launched a "criminal investigation" into the Fed Chair. The China - EU electric vehicle case reached a "soft landing" [17][18][19]. Aluminum, Alumina, and Cast Aluminum Alloy - Price and Trading Data: Shanghai Aluminum's main contract closed at 24650, with a night - session closing price of 24630. LME Aluminum 3M closed at 3191. Shanghai Alumina's main contract closed at 2866, with a night - session closing price of 2821. The cast aluminum alloy's main contract closed at 23340, with a night - session closing price of 23445 [23]. - Inventory and Market News: Domestic aluminum ingot social inventory was 740,000 tons, an increase of 22,000 tons. LME Aluminum inventory was 495,800 tons, a decrease of 2,000 tons. Trump imposed a 25% tariff on countries trading with Iran and expressed concerns about the Supreme Court's tariff ruling [23][24]. Platinum and Palladium - Price Data: Platinum futures 2606 closed at 622.80 with a 3.83% increase. Palladium futures 2606 closed at 505.10 with a 1.21% increase [25]. - Trading Volume and Open Interest: Shanghai Platinum trading volume was 40,554 kg, a decrease of 14,461 from the previous day, and its open interest was 39,301, a decrease of 289. Shanghai Palladium trading volume was 24.178 kg, a decrease of 16,235, and its open interest was 15,263, an increase of 239 [25]. - Inventory: NYMEX Platinum inventory (in ounces, the day before) was 624,755, a decrease of 260. NYMEX Palladium inventory (in ounces, the day before) was 211,306, unchanged [25]. - Macroeconomic and Industry News: CME will change the margin setting method for gold, silver, platinum, and palladium contracts. The White House stated that Trump did not instruct the investigation of Powell [25][28]. Nickel and Stainless Steel - Price Data: Shanghai Nickel's main contract closed at 144,200. The stainless - steel main contract closed at 13,855 [30]. - Trading Volume and Industry News: Shanghai Nickel's main contract had a trading volume of 1,083,202. The stainless - steel main contract had a trading volume of 356,984. Indonesia suspended issuing new smelting licenses, and the government planned to revise the nickel ore benchmark price formula and lower the 2026 nickel ore production target [30][31][33].
黄金：避险情绪回升，白银：快速拉升
Guo Tai Jun An Qi Huo·2026-01-13 01:32