冠通期货资讯早间报-20260122

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints of the Report - The report comprehensively presents the overnight performance of global financial and commodity markets, important domestic and foreign macro - economic news, and the latest developments in various industries, offering a multi - faceted view of the current economic and market landscape [3][7][26] 3. Summary by Directory Overnight Night - Market Market Trends - International precious metal futures closed mixed, with COMEX gold futures rising 1.48% to $4836.20 per ounce and COMEX silver futures falling 1.78% to $92.95 per ounce [4] - U.S. oil and Brent oil futures both rose, with U.S. oil up 0.51% to $60.67 per barrel and Brent oil up 0.61% to $64.58 per barrel [5] - Most London base metals rose, such as LME tin up 3.81% to $51295.0 per ton and LME nickel up 2.05% to $17975.0 per ton [5] Important News Macroeconomic News - The Chinese Ministry of Foreign Affairs responded to U.S. trade negotiation intentions, emphasizing the implementation of the consensus between the two heads of state [8] - China's Ministry of Housing and Urban - Rural Development plans to stabilize the real estate market and support reasonable housing needs [8] - U.S. President Trump stated non - use of force for Greenland and reached a cooperation framework with NATO on Greenland, withdrawing tariff threats to 8 European countries [8] - The U.S. Supreme Court showed caution on Trump's attempt to fire a Fed governor, worrying about the impact on the Fed's independence and financial markets [9] Energy and Chemical Futures - The IEA raised the forecast of global oil demand growth but warned of supply exceeding demand, with demand increasing from 860,000 barrels per day to 930,000 barrels per day [12] - UAE's Fujairah Port's refined oil inventory increased to 21.357 million barrels in the week ending January 19, 2026 [12] - Japan's commercial crude oil and refined oil inventories decreased, and the refinery's average operating rate dropped to 89.7% [13] Metal Futures - In January, multiple leading polysilicon companies plan to cut production, and the market is expected to be in a weak - balance stalemate [15] - The Democratic Republic of the Congo submitted a short - list of state - owned mineral assets to the U.S. for investment evaluation [16] - Rio Tinto's bauxite production in Q4 2025 was stable, with annual production reaching 62.4 million tons, a 6% year - on - year increase [18] - In November 2025, the global refined copper market had a supply surplus, and Rio Tinto will cut 40% of the production of its Yarwun alumina refinery in 2026 [18][19] Black - Series Futures - As of the week ending January 21, national production of black - series futures decreased, social inventory increased, and apparent demand decreased [21] - BHP's iron ore production in Q4 2025 increased seasonally, with annual output in Western Australia reaching 292 million tons, a 0.8% year - on - year increase [21] - Handan will launch a Level Ⅱ emergency response for heavy pollution weather starting from January 22 [23] Agricultural Product Futures - The Malaysian Palm Oil Council expects February's crude palm oil price to fluctuate between 4000 - 4300 ringgit per ton [25] - From January 1 - 20, 2026, Malaysia's palm oil production decreased by 16.06% compared to the same period last month [25] - Brazil's sugar production in the second half of December 2025 decreased by 14.93% year - on - year, while ethanol production increased by 14.91% [25] Financial Markets Finance - A - shares fluctuated higher on Wednesday, with gold stocks surging, and the market turnover decreased to 2.62 trillion yuan [27] - Hong Kong's Hang Seng Index rose 0.37%, and southbound funds had a net purchase of 13.93 billion Hong Kong dollars [27] - The number of Hong Kong IPO - queuing companies exceeded 350 [28] - Many equity funds in 2025 had their scales doubled, and fund managers are optimistic about the 2026 A - share market [28] - "Top - flow" fund managers adjusted their positions in Q4 2025, with different buying and selling operations [28] - "Guotou Silver LOF" will be suspended on January 22, and further measures may be taken if the premium does not decline [30] - Cheung Kong responded to the spin - off rumor, stating that no decision has been made [30] Industry - China's first offshore liquid rocket launch and recovery test platform will be put into use around February 5 [31] - In 2025, China's commercial space industry developed rapidly, with 50 launches and 311 satellites put into orbit [31] - In 2025, China's AI core industry scale is expected to exceed 1.2 trillion yuan, and the 6G second - stage technology test has been launched [31] - The Ministry of Industry and Information Technology revised two review requirements for road motor vehicles [31] - By the end of December 2025, China's electric vehicle charging facilities exceeded 20 million [32] - The national electronic pricing scale intelligent measurement supervision platform has started trial operation [34] - China's 35,000 - ton heavy - haul train completed the world's first automatic formation driving test [35] - 20 cities in Guangdong adjusted the commercial housing mortgage policy, with the minimum down - payment ratio set at 30% [36] - Goldman Sachs expects the PCB and CCL industries to enter a super - cycle in 2026, with market growth of 113% and 142% respectively [36] Overseas - Russian President Putin will meet with a U.S. presidential envoy on January 22 and responded to Trump's remarks on Greenland [37] - Most economists expect the Fed to keep the benchmark interest rate unchanged this quarter and may cut rates at least twice later this year [37] - In December 2025, the number of Chinese tourists visiting Japan decreased by 45.3% year - on - year, and Japan may see a 3% decline in inbound tourists in 2026 [39] - Cambodian Prime Minister Hun Manet emphasized the importance of cracking down on online fraud [39] International Stock Markets - U.S. stocks rose across the board, with the Dow up 1.21%, the S&P 500 up 1.16%, and the Nasdaq up 1.18% [40] - European stocks closed mixed, with the German DAX down 0.51% and the French CAC40 up 0.08% [41] - Most Asia - Pacific stocks closed lower, except for the South Korean Composite Index, which reached a record high [41] - SpaceX is accelerating its listing preparation to deploy AI data centers in space [41] - Berkshire may "fully" reduce its stake in Kraft Heinz [41] Commodities - International precious metal futures closed mixed, with gold rising and silver falling [43] - U.S. and Brent oil futures rose due to supply concerns and increased demand expectations [43] - Most London base metals rose, with tin and nickel leading the gains [43] Bonds - China's bond market was strong, with long - term bond yields falling and bond futures rising [44] - Vanke's 1.1 - billion - yuan bond "21 Vanke 02" was successfully extended [44] - The U.S. national debt increased rapidly, and the yields of U.S. bonds fell across the board [44][46] - Japan's Sumitomo Mitsui Financial Group focused on Japanese bonds, and Japanese long - term bond yields fell [46] Foreign Exchange - The on - shore RMB against the U.S. dollar depreciated, and the U.S. dollar index rose [47] - South Korea's President expects the won to appreciate in the next month, but the exchange rate is affected by the yen [47] Upcoming Data and Events - Multiple important economic data from various countries will be released, including GDP, trade balance, and unemployment rate [49] - There are various events such as central bank meetings, press conferences, and corporate earnings reports [51]