股指期货 IC 和 IM 将震荡偏强碳酸锂期货将震荡偏强螺纹钢、玻璃、纯碱期货将偏强震荡黄金、白银、铂期货将偏弱震荡锡期货将震荡偏弱

Report Industry Investment Rating No relevant content provided. Core Views of the Report - Through macro - fundamental and technical analysis, the report predicts the trends of various futures contracts on January 22, 2026, and the trends of futures main (continuous) contracts in January 2026 [1][2][3][5] - The report also provides information on macro - news, commodity futures, and stock market performance on January 21, 2026 [6][8][10] Summary by Related Catalogs 1. Macro Information and Trading Tips - EU's new network security policy may exclude Chinese enterprises from the European mobile communication network, and China will take necessary measures to safeguard the rights of Chinese enterprises [6] - Five departments including the Ministry of Finance will set up new duty - free shops at 41 ports, and residents entering from Macau at Hengqin Port can buy duty - free goods worth up to 15,000 yuan [6] - The tax policy for innovative enterprise CDRs during the pilot phase is extended to December 31, 2027, with tax exemptions and preferential policies for individual investors and public funds [6] - The Ministry of Finance will address the issue of abnormally low prices in government procurement starting from February 1, 2026 [6] - The Ministry of Housing and Urban - Rural Development will focus on building "good houses" and constructing a new real - estate development model, promoting the spot - housing sales system [7] - The central bank will accelerate the construction of the RMB cross - border payment system and strengthen the supervision of payment institutions [7] - The US and NATO have reached an agreement framework on Greenland, and the US will cancel the planned tariff measures on February 1, which has affected the stock and commodity markets [7][8] - Russian President Putin will meet with a US special envoy, and Russia is willing to pay 1 billion US dollars from frozen assets to join the "peace committee" [8] - Most economists expect the Fed to keep the benchmark interest rate unchanged this quarter and may cut interest rates at least twice later this year [8] 2. Commodity Futures - Related Information - International precious metal futures closed mixed, with COMEX gold rising 1.48% and COMEX silver falling 1.78% [8] - US and Brent crude oil futures rose due to geopolitical tensions and increased demand expectations [9] - Most London base metals rose, with LME tin rising 3.81% and LME lead falling 0.20% [9] - The on - shore RMB against the US dollar weakened, and the dollar index rose [9][10] 3. Futures Market Analysis and Outlook a. Stock Index Futures - On January 21, 2026, IF2603 opened slightly higher, fluctuated slightly upwards, and closed at 4722.8 points, up 0.41% [10] - IH2603 opened slightly higher, fluctuated slightly downwards, and closed at 3073.6 points, down 0.01% [11] - IC2603 opened slightly lower, rose after an initial decline, and closed at 8371.0 points, up 1.89% [11] - IM2603 opened slightly lower, rose after an initial decline, and closed at 8231.0 points, up 1.73% [12] - It is expected that in January 2026, the main continuous contracts of IF, IH, IC, and IM will be oscillating strongly, with specific resistance and support levels provided [15] - On January 22, 2026, IF2603 and IH2603 will be strongly oscillating, while IC2603 and IM2603 will be oscillating strongly, with specific resistance and support levels provided [15] b. Gold Futures - On January 21, 2026, AU2604 opened slightly higher, oscillated strongly upwards, and closed at 1092.30 yuan/gram, up 3.69% [30] - It is expected that in January 2026, the main continuous contract of gold futures will be oscillating strongly, reaching new highs, with resistance at 1100.0 - 1200.0 yuan/gram and support at 977.5 - 968.0 yuan/gram [30] - On January 22, 2026, AU2604 will be weakly oscillating, with resistance at 1101.9 - 1110.0 yuan/gram and support at 1080.0 - 1076.0 yuan/gram [31] c. Silver Futures - On January 21, 2026, AG2604 opened with a large gap up, oscillated and corrected, and closed at 23131 yuan/kg, down 0.11% [34] - It is expected that in January 2026, the main continuous contract of silver futures will be oscillating strongly, reaching new highs, with resistance at 25000 - 28000 yuan/kg and support at 17074 - 16200 yuan/kg [34] - On January 22, 2026, AG2604 will be weakly oscillating, with resistance at 23400 - 23690 yuan/kg and support at 22638 - 22392 yuan/kg [35] d. Platinum Futures - On January 21, 2026, PT2606 opened with a large gap up, oscillated and corrected, and closed at 628.50 yuan/gram, up 2.49% [41] - It is expected that in January 2026, the main continuous contract of platinum futures will be oscillating strongly, with resistance at 729.5 - 800.0 yuan/gram and support at 541.9 - 512.7 yuan/gram [42] - On January 22, 2026, PT2606 will be weakly oscillating, with resistance at 646.7 - 660.0 yuan/gram and support at 613.5 - 595.5 yuan/gram [42] e. Copper Futures - On January 21, 2026, CU2603 opened slightly lower, oscillated slightly upwards, and closed at 101280 yuan/ton, up 0.04% [44] - It is expected that in January 2026, the main continuous contract of copper futures will be oscillating strongly, reaching new highs, with resistance at 108000 - 110000 yuan/ton and support at 98200 - 95000 yuan/ton [44] - On January 22, 2026, CU2603 will be weakly oscillating, with resistance at 101700 - 102000 yuan/ton and support at 99700 - 99000 yuan/ton [44] f. Aluminum Futures - On January 21, 2026, AL2603 opened slightly higher, oscillated upwards, and closed at 24155 yuan/ton, up 0.56% [49] - It is expected that in January 2026, the main continuous contract of aluminum futures will be oscillating strongly, reaching new highs, with resistance at 25500 - 27000 yuan/ton and support at 23030 - 22920 yuan/ton [49] - On January 22, 2026, AL2603 will be weakly oscillating, with resistance at 24250 - 24450 yuan/ton and support at 23740 - 23660 yuan/ton [49] g. Nickel Futures - On January 21, 2026, NI2602 opened slightly higher, oscillated upwards, and closed at 143060 yuan/ton, up 0.39% [53] - It is expected that in January 2026, the main continuous contract of nickel futures will be oscillating strongly, with resistance at 151200 - 160500 yuan/ton and support at 130300 - 121000 yuan/ton [53] - On January 22, 2026, NI2602 will be weakly oscillating, with resistance at 144100 - 146800 yuan/ton and support at 140400 - 137600 yuan/ton [53] h. Tin Futures - On January 21, 2026, SN2602 opened with a gap up, oscillated strongly upwards, and closed at 418420 yuan/ton, up 5.79% [59] - It is expected that in January 2026, the main continuous contract of tin futures will be oscillating strongly, reaching new highs, with resistance at 450000 - 460000 yuan/ton and support at 322900 - 316700 yuan/ton [59] - On January 22, 2026, SN2603 will be weakly oscillating, with resistance at 424500 - 431600 yuan/ton and support at 403000 - 390300 yuan/ton [59] i. Lithium Carbonate Futures - On January 21, 2026, LC2605 opened slightly higher, oscillated strongly upwards, and closed at 166740 yuan/ton, up 7.26% [64] - It is expected that in January 2026, the main continuous contract of lithium carbonate futures will be oscillating strongly, with resistance at 170900 - 205700 yuan/ton and support at 120000 - 115400 yuan/ton [64] - On January 22, 2026, LC2605 will be oscillating strongly, with resistance at 174100 - 180000 yuan/ton and support at 166700 - 164600 yuan/ton [64] j. Rebar Futures - On January 21, 2026, RB2605 opened flat, oscillated slightly upwards, and closed at 3117 yuan/ton, down 0.35% [68] - It is expected that in January 2026, RB2605 will be widely oscillating, with resistance at 3242 - 3347 yuan/ton and support at 3031 - 3006 yuan/ton [68] - On January 22, 2026, RB2605 will be strongly oscillating, with resistance at 3128 - 3137 yuan/ton and support at 3111 - 3104 yuan/ton [68] k. Hot - Rolled Coil Futures - On January 21, 2026, HC2605 opened slightly higher, oscillated slightly upwards, and closed at 3286 yuan/ton, down 0.06% [72] - On January 22, 2026, HC2605 will be strongly oscillating, with resistance at 3297 - 3307 yuan/ton and support at 3277 - 3271 yuan/ton [72] l. Iron Ore Futures - On January 21, 2026, I2605 opened flat, oscillated downwards, and closed at 784.0 yuan/ton, down 0.32% [74] - It is expected that in January 2026, I2605 will be widely oscillating, with resistance at 831 - 857 yuan/ton and support at 767 - 748 yuan/ton [74] - On January 22, 2026, I2605 will be oscillating and consolidating, with resistance at 791 - 798 yuan/ton and support at 779 - 775 yuan/ton [74] m. Coking Coal Futures - On January 21, 2026, JM2605 opened slightly higher, oscillated slightly upwards, and closed at 1129.0 yuan/ton, down 1.83% [78] - It is expected that in January 2026, JM2605 will be widely oscillating, with resistance at 1288 - 1385 yuan/ton and support at 1070 - 1022 yuan/ton [78] - On January 22, 2026, JM2605 will be weakly oscillating, with resistance at 1140 - 1152 yuan/ton and support at 1107 - 1099 yuan/ton [78] n. Glass Futures - On January 21, 2026, FG605 opened flat, oscillated downwards, and closed at 1039 yuan/ton, down 2.35% [82] - It is expected that in January 2026, FG605 will be weakly and widely oscillating, with resistance at 1174 - 1225 yuan/ton and support at 1069 - 1015 yuan/ton [82] - On January 22, 2026, FG605 will be strongly oscillating, with resistance at 1061 - 1070 yuan/ton and support at 1035 - 1028 yuan/ton [82] o. Soda Ash Futures - On January 21, 2026, SA605 opened slightly lower, oscillated downwards, and closed at 1163 yuan/ton, down 1.61% [88] - It is expected that in January 2026, SA605 will be weakly and widely oscillating, with resistance at 1288 - 1339 yuan/ton and support at 1123 - 1118 yuan/ton [88] - On January 22, 2026, SA605 will be strongly oscillating, with resistance at 1182 - 1192 yuan/ton and support at 1160 - 1152 yuan/ton [88]