有色及贵金属日度数据简报-20260120

1. Report Industry Investment Rating - No relevant information provided. 2. Core Viewpoints of the Report - No relevant information provided. 3. Summary by Related Catalogs Gold (AU) - Prices: On January 20, 2026, the Shanghai Gold main contract closed at 1060.16 yuan/gram, the near - month contract at 1056.94 yuan/gram; COMEX gold main contract was 0.00 dollars/ounce, near - month at 4590.00 dollars/ounce; London gold spot price was 4609.15 dollars/ounce, and the Shanghai Gold Exchange spot price was 1043.10 yuan/gram [1]. - Basis: Domestic basis (gold T + D - main contract) was - 4.17 yuan/gram, and overseas basis (LBMA gold spot - COMEX AU01) was 9.95 dollars/ounce [1]. Silver (AG) - Prices: On January 20, 2026, the Shanghai Silver main contract closed at - 127 yuan/kilogram, the near - month contract at 23112 yuan/kilogram; COMEX silver main contract was 89.95 dollars/ounce, near - month at 89.19 dollars/ounce; London silver spot price was 90.8 dollars/ounce, and the Shanghai Gold Exchange spot price was 495 yuan/kilogram [1]. - Basis: Domestic basis (AG(T + D) - main contract) was 52 yuan/gram, and overseas basis (LBMA silver spot - COMEX AG01) was 0.855 dollars/ounce [1]. Copper (CU, BC) - Prices: On January 20, 2026, the Shanghai Copper (CU) main contract closed at 101230 yuan/ton, the continuous contract at 100940 yuan/ton; international copper (BC) main contract at 90040 yuan/ton, continuous contract at 90040 yuan/ton; LME copper 3M at 12938.00 dollars/ton; COMEX copper main contract was 0.00 dollars/pound [1]. - Spreads: Shanghai copper monthly spread (CU00 - CU01) was - 290 yuan/ton, international copper monthly spread (BC00 - BC01) was - 60.00 yuan/ton; LME copper 0 - 3 spread was 6.03 dollars/ton [1]. - Inventory: Shanghai copper warehouse receipt inventory was 148193 tons, international copper warehouse receipt inventory was - 25 tons, and LME copper warehouse receipt inventory was 147425 tons [1]. Aluminum and Alumina (AL, AO) - Prices: On January 20, 2026, the Shanghai Aluminum (AL) main contract closed at 23950 yuan/ton, the continuous contract at 23880 yuan/ton; alumina (AO) main contract at 2671 yuan/ton, continuous contract at 2530 yuan/ton; LME aluminum 3M at 3146.50 dollars/ton; COMEX aluminum main contract was 0.00 dollars/ton [1]. - Spreads: Shanghai aluminum monthly spread (AL00 - AL01) was - 5 yuan/ton, alumina monthly spread (A000 - A001) was - 100 yuan/ton; LME aluminum 0 - 3 spread was 16 dollars/ton [1]. - Inventory: Shanghai aluminum warehouse receipt inventory was 139951 tons, alumina warehouse receipt inventory was 187938 tons, and LME aluminum warehouse receipt inventory was 485000 tons [1]. Zinc (ZN) - Prices: On January 20, 2026, the Shanghai Zinc (ZN) main contract closed at 24410 yuan/ton, the continuous contract at 24365 yuan/ton; LME zinc 3M at 3227 dollars/ton [1]. - Spreads: Shanghai zinc monthly spread (ZN00 - ZN01) was - 45 yuan/ton, LME zinc 0 - 3 spread was - 19.36 dollars/ton [1]. - Inventory: Shanghai zinc warehouse receipt inventory was 32385 tons, and LME zinc warehouse receipt inventory was 105050 tons [1]. Lead (PB) - Prices: On January 20, 2026, the Shanghai Lead (PB) main contract closed at 17225 yuan/ton, the continuous contract at 17225 yuan/ton; LME lead 3M at 2058.00 dollars/ton [1]. - Spreads: Shanghai lead monthly spread (PB00 - PB01) was - 60 yuan/ton, LME lead 0 - 3 spread was - 47.13 dollars/ton [1]. - Inventory: Shanghai lead warehouse receipt inventory was 27564 tons, and LME lead warehouse receipt inventory was 203500 tons [1]. Nickel and Stainless Steel (NI, SS) - Prices: On January 20, 2026, the Shanghai Nickel (NI) main contract closed at 141360 yuan/ton, the continuous contract at 141360 yuan/ton; stainless steel (SS) main contract at 14345 yuan/ton, continuous contract at 14445 yuan/ton; LME nickel 3M at 17910 dollars/ton [1]. - Spreads: Shanghai nickel monthly spread (NI00 - NI01) was - 200 yuan/ton, stainless steel monthly spread (SS00 - SS01) was 100 yuan/ton; LME nickel 0 - 3 spread was - 100 dollars/ton [1]. - Inventory: Shanghai nickel warehouse receipt inventory was 41478 tons, stainless steel warehouse receipt inventory was 38196 tons, and LME nickel warehouse receipt inventory was 285708 tons [1]. Tin (SN) - Prices: On January 20, 2026, the Shanghai Tin (SN) main contract closed at 399000 yuan/ton, the continuous contract at 399000 yuan/ton; LME tin 3M at 50080 dollars/ton [1]. - Spreads: Shanghai tin monthly spread (SN00 - SN01) was - 430 yuan/ton, LME tin 0 - 3 spread was - 839 dollars/ton [1]. - Inventory: Shanghai tin warehouse receipt inventory was 8860 tons, and LME tin warehouse receipt inventory was 6440 tons [1].