隔夜夜盘市场走势：资讯早间报-20260115

1. Report Industry Investment Rating No information provided in the content. 2. Core Viewpoints of the Report - The precious metal market had a strong performance on January 14th with spot silver rising over 7% and hitting a record - high of $93 per ounce, and spot gold reaching a new high of $4643 per ounce [4][52]. - The international precious metal futures generally closed higher, and most London base metals also closed up, while the oil market had slight increases [5][6]. - There were various macro - level policy announcements, including central bank operations, tax policies, and industry - specific regulations [9]. - Different sectors in the financial and commodity markets had their own trends and developments, influenced by factors such as geopolitical risks, economic data, and policy changes [32][47][52]. 3. Summary by Relevant Catalogs Overnight Night - Market Trends - Precious metals: Spot silver rose over 7% and hit $93/ounce, spot gold reached $4643/ounce; COMEX gold futures rose 0.76% to $4633.90/ounce, COMEX silver futures rose 7.93% to $93.19/ounce [4][5]. - Base metals: Most London base metals closed up, with LME tin rising 9.03% to $54000/ton, LME nickel rising 6.24% to $18785/ton, etc., while LME aluminum fell 0.25% to $3189.5/ton [5]. - Oil: WTI crude oil rose 0.15% to $61.02/barrel, Brent crude rose 0.08% to $65.52/barrel [6]. Important News Macro News - The central bank will conduct a 900 - billion - yuan 6 - month repurchase operation on January 15th [9]. - The government extended the individual income tax refund policy for home - swapping from January 1, 2026, to December 31, 2027 [9]. - Three departments regulated the new - energy vehicle industry to resist price wars [9]. - China's 2025 foreign trade volume reached 45.47 trillion yuan, with exports growing 6.1% and imports growing 0.5% [10]. - US November retail sales and PPI were higher than expected [11]. - A Fed official said there was no need for a rate cut in January but there might be room later [11]. Energy and Chemical Futures - Qinghai Wucai's soda ash plant reduced production by 30% for about a week [14]. - UAE's Fujairah Port's refined oil inventory rose 4.2% to 19.769 million barrels, while light distillate inventory fell 6.5% [14]. - China's methanol port inventory decreased by 96,900 tons to 1.4403 million tons [14]. - The "ghost fleet" sought Russian ship flags after the US seized Venezuelan oil - trading ships [15]. - China's December crude and refined oil imports had different trends [15]. - Iran's oil exports had record - breaking growth in the past 14 months [15]. - OPEC maintained the 2026 global economic growth forecast at 3.1% and predicted 3.2% for 2027; Russia's 2025 crude output decreased 0.7% [16]. - US crude exports increased by 43,000 barrels/day, commercial crude inventory increased 0.81%, and domestic production decreased by 58,000 barrels/day [18]. Metal Futures - Guangzhou Futures Exchange announced trading fees and order quantity rules for lithium carbonate and polysilicon futures [20]. - Some tin smelters were preparing for delivery, and warehouse receipts were expected to increase [21]. - Indonesia might approve 260 million tons of nickel ore and 60,000 tons of tin production quotas in 2026 [21]. - Sichuan Tianli will conduct production line maintenance, reducing lithium iron phosphate output [21]. - Two clients in lithium carbonate futures were restricted from opening positions for 3 months [21]. Black - Series Futures - HeSteel Group's January 2026 silicon - manganese inquiry price was 5850 yuan/ton, and the purchase volume was 17,000 tons [24]. - Mongolia's December 2025 coal exports increased 16.83% month - on - month and 71.31% year - on - year [24]. - HeSteel got the first steel export license in Hebei after 16 years [24]. - National building materials production, inventory, and demand data showed certain trends as of January 14th [25]. - China's December imports of iron ore and coal increased compared to November [25]. Agricultural Product Futures - Indonesia cancelled the plan to increase the mandatory biodiesel blend ratio to 50% and will raise the CPO export levy from 10% to 12.5% in March [27]. - China's December soybean imports were 8.044 million tons [29]. - US private exporters reported sales of 334,000 tons of soybeans to China and 136,000 tons of corn to South Korea [30]. Financial Markets Finance - On January 14th, A - shares had a volatile day with a turnover close to 4 trillion yuan; different indices had different performances [32]. - Hong Kong's Hang Seng Index rose 0.56%, with net southbound funds buying nearly HK$2.9 billion [32]. - Regulatory authorities issued three - aspect requirements for fund dividends [32]. - On Wednesday, the single - day turnover of domestic ETFs exceeded 700 billion yuan, and the scale of stock - type and cross - border ETFs reached new highs [33]. - Insurance funds' long - term investment pilot got new capital [34]. - A - share GEO concept stocks were active, but some companies clarified their non - involvement [34]. - Zhejiang Securities Regulatory Bureau investigated Sunflower's restructuring plan, and the company terminated the major asset - restructuring [34]. - Shanghai Stock Exchange regulated abnormal trading behaviors in Guosheng Technology [35]. - Baidu considered upgrading its secondary listing in Hong Kong to a dual - primary listing [35]. Industry - Three departments regulated the new - energy vehicle industry to build a fair market order [36]. - In 2025, China's auto production and sales exceeded 34 million, with new - energy vehicles exceeding 16 million, and 2026 sales were expected to grow [36][37]. - The 2026 work meeting of the new - energy vehicle industry emphasized technological breakthroughs and market expansion [37]. - The sixth - batch high - value medical consumables procurement results were announced [37]. - Shanghai launched an action plan for autonomous driving [37]. - In 2025, Huawei regained the top position in China's smartphone market [37]. - The Chinese lunar - year commemorative coins and notes had a hot reservation, and notes had a premium in the secondary market [38]. - The US government will impose a 25% tariff on some semiconductor products from January 15th [39]. - Warren Buffett warned about the risks of AI [39]. Overseas - The Fed's Beige Book showed that most districts had economic growth [41]. - The US urged citizens to leave Iran and withdrew some military personnel; Iran was on high alert [41]. - The US will suspend visa processing for 75 countries from January 21st [41]. - The US Supreme Court did not rule on Trump's tariff policy [42]. - Denmark, the US, and Greenland will discuss Greenland's future [42]. - Some Fed officials had different views on interest - rate cuts [42]. - NASA planned a manned lunar - orbiting mission no earlier than February 6th [42]. - US November PPI and retail sales data were higher than expected [44]. - US December existing - home sales reached the highest level since February 2023 [44]. - Japanese Prime Minister announced the dissolution of the House of Representatives and an early election [44]. - The Bank of Japan will discuss market operations and may continue to raise interest rates [44]. - South Korea's 2025 semiconductor exports reached a record high [45]. - India was considering a proposal for battery - storage system component localization [45]. International Stock Markets - US stocks fell, with the Dow down 0.09%, S&P 500 down 0.53%, and Nasdaq down 1% [47]. - European stocks had mixed results, with Germany's DAX down 0.53% and the UK's FTSE 100 up 0.46% [47]. - Asian - Pacific stocks had mixed performances, with Japan's Nikkei 225 up 1.48% and South Korea's KOSPI up 0.65% [47]. - Market regulators investigated Ctrip for suspected monopoly, and its stock prices fell [48]. - Citigroup's Q4 revenue rose 2.1% to $19.87 billion [49]. - Bank of America's Q4 revenue rose 7% to $28.37 billion [50]. - Czechoslovak Group planned an IPO worth €750 million in Amsterdam [51]. Commodities - Precious metals had a strong rally, and industrial metals like copper and tin also strengthened [52]. - International precious metal futures closed higher, supported by geopolitical and economic factors [52]. - London base metals mostly closed up [52]. - Oil prices rose slightly due to Iran - related supply concerns [53]. - Tungsten prices continued to be strong in 2026 [53]. - OPEC maintained the 2026 oil demand growth forecast and predicted 2027 growth [53]. Bonds - China's bond market had a mixed performance, with the central bank conducting repurchase operations [55]. - Japan's government bonds were sold off due to election - related fiscal concerns [55]. - US Treasury yields fell across the board [55]. Foreign Exchange - The on - shore RMB against the US dollar rose 31 points, and the RMB central parity rate was depreciated [56]. - The US dollar index fell 0.11%, and most non - US currencies rose [56]. - Japan's finance minister warned about exchange - rate fluctuations, and the yen rebounded [56]. - South Korea's central bank will discuss excess foreign - exchange reserves with commercial banks [58]. Upcoming Economic Data and Events - Economic data release schedule includes UK, German, US, etc., data from 2025 [60]. - Event schedule includes central bank operations, company press conferences, and Fed officials' speeches [62].