综合晨报-20260123

Group 1: Energy and Metals Crude Oil - Night session oil prices declined due to geopolitical easing and EIA data showing inventory accumulation [1] Precious Metals - Overnight precious metals were strong as Trump's statements disrupted global order [2] Copper - Overnight LME copper oscillated and rose at the end, with inventory increases and a suggestion of short - selling [3] Aluminum - Overnight SHFE aluminum continued to oscillate, with inventory changes and a support level at 23,800 yuan [4] Cast Aluminum Alloy - It followed SHFE aluminum, with low market activity and cost increases in some areas [5] Alumina - Domestic alumina had over - supply, with cost drops and a weak outlook [6] Zinc - High overseas gas prices supported zinc prices, but weak domestic demand limited the rebound [7] Nickel and Stainless Steel - SHFE nickel oscillated at a high level, while stainless steel faced challenges in high - level transactions [9] Tin - Overnight tin prices oscillated at a high level, affected by precious metals and with inventory changes [9] Lithium Carbonate - It oscillated at a high level, with weak downstream acceptance and slow inventory reduction [10] Industrial Silicon - Futures were driven by supply contraction expectations, but demand was weakening [11] Polysilicon - It showed a strong trend, with potential price increases due to supply cuts and downstream demand [12] Fuel Oil & Low - Sulfur Fuel Oil - Low - sulfur followed crude oil down, while high - sulfur remained strong, affected by geopolitical factors [20] Asphalt - Cost supported asphalt, but weak demand led to an expected oscillatory - strong trend [21] Group 2: Ferrous Metals and Related Products Rebar & Hot - Rolled Coil - Night session steel prices rebounded slightly, with inventory and demand changes [13] Iron Ore - The overnight iron ore market oscillated, with supply and demand factors in balance [14] Coke and Coking Coal - Both showed slight rebounds, with carbon supply abundance and downstream pressure [15][16] Manganese Silicon - Prices rebounded slightly, with manganese ore price increases and demand changes [17] Silicon Iron - Prices rebounded, affected by policies and with changes in supply and demand [18] Group 3: Chemicals Urea - Futures prices were oscillating strongly, with production and demand changes [22] Methanol - The market was oscillating, with inventory and demand factors [23] Pure Benzene - Night session prices rose significantly, with supply reduction and demand increase [24] Styrene - Supply was tight, with good sales and export support [25] Polypropylene, Plastic, and Propylene - Propylene supply was tight, while polyethylene and polypropylene had different supply - demand situations [26] PVC and Caustic Soda - PVC was oscillating strongly, and caustic soda had high - inventory and high - production issues [27] PX and PTA - They continued to rise, with different outlooks in the short and medium - term [28] Ethylene Glycol - Production and demand decreased, with a long - term pressure and short - term improvement expectation [29] Short Fibre and Bottle Chip - Short - fibre prices followed raw materials, and bottle - chip had capacity pressure [30] Group 4: Building Materials Glass - Inventory might increase, with low valuation and potential supply changes [31] 20 - Rubber, Natural Rubber, and Butadiene Rubber - Rubber supply decreased, inventory increased, and the strategy was to go long on rebounds [32] Soda Ash - It faced supply - demand surplus, with a short - term follow - macro and long - term short - selling strategy [33] Group 5: Agricultural Products Soybeans and Soybean Meal - US soybeans were affected by policies and South American harvests [34] Soybean Oil and Palm Oil - US policies were positive, and Malaysian palm oil had improved fundamentals [35] Rapeseed and Rapeseed Oil - They might be slightly boosted, but import policies limited the upside [36] Soybean No.1 - Prices rebounded, with attention on policy and spot transactions [37] Corn - Supply was relatively sufficient, and futures were expected to oscillate [38] Live Pigs - Futures rebounded slightly, and prices were expected to have a low point next year [39] Eggs - Futures rose significantly, and the long - term strategy was to buy on dips [40] Cotton - Zhengzhou cotton was oscillating, with inventory and demand factors [41] Sugar - International and domestic production differences affected prices, with short - term pressure [42] Apples - Futures were oscillating, with attention on demand and inventory removal [43] Wood - Prices were low, supported by low inventory [44] Pulp - Futures rose slightly, with inventory and demand factors, and a light - long strategy [45] Group 6: Financial Products Stock Index - A - share indexes rose, with different performances in futures contracts, and a complex outlook [46] Treasury Bonds - Futures slightly declined, and a short - short - bond strategy was suggested [47] Group 7: Shipping Container Shipping Index (European Line) - Spot prices were expected to decline, and futures were likely to oscillate [19]