资讯早间报：隔夜夜盘市场走势-20260126

Report Summary - Report Release Date: January 26, 2026 [3] I. Overnight Night Market Trends - International Precious Metals: COMEX gold futures rose 1.42% to $4,983.10 per ounce, up 8.44% for the week; COMEX silver futures rose 7.15% to $103.26 per ounce, up 16.63% for the week. Factors like the expanding global silver supply - demand gap, US government shutdown risk, and geopolitical tensions boosted the safe - haven demand [5]. - Crude Oil: The US oil main contract rose 3.23% to $61.28 per barrel, up 3.27% for the week; Brent oil main contract rose 3.32% to $65.44 per barrel, up 2.94% for the week. Concerns over Iran and supply fears led to the rebound [5]. - London Base Metals: LME copper rose 2.92% to $13,128.5 per ton, up 2.54% for the week; LME zinc rose 1.81% to $3,269 per ton, up 1.87% for the week; LME nickel rose 3.97% to $18,710 per ton, up 6.44% for the week; LME aluminum rose 1.31% to $3,173.5 per ton, up 1.26% for the week; LME tin rose 9.11% to $56,605 per ton, up 17.97% for the week; LME lead rose 0.74% to $2,035 per ton, down 0.44% for the week [6]. - Domestic Futures: Most domestic futures contracts rose. Fuel oil rose nearly 5%, while low - sulfur fuel oil (LU), methanol, and synthetic rubber rose nearly 3%. Liquefied petroleum gas (LPG) rose over 2%. Paper pulp fell 1%, and caustic soda and cotton fell nearly 1% [8]. II. Important News A. Macroeconomic News - Regulatory Changes: The CSRC added 14 futures and options varieties as domestic specific varieties, including nickel futures and options on the SHFE, etc. [10] - Consumption Promotion: The National Market Operation and Consumption Promotion Conference emphasized boosting consumption in 2026, promoting commodity consumption expansion and upgrading [10]. - Shipping Index: As of January 23, the Shanghai Export Container Freight Index dropped 116.26 points, and the China Export Container Freight Composite Index fell 0.1% [10] - Exchange Rules: DCE announced the implementation of revised trading rules and new settlement rules [11] - Military Deployment: The US is strengthening its military deployment in the Middle East, with the "Abraham Lincoln" carrier strike group reaching the Indian Ocean [13] B. Energy and Chemical Futures - LNG Import: The IEA expects Europe to import a record - high 185 billion cubic meters of LNG in 2026, up from 175 billion in 2025 [15] - Styrene Production: As of January 22, China's styrene factory output decreased by 0.61 tons week - on - week to 34.93 tons, with a 1.72% decline, and capacity utilization dropped 1.23% [15] - Contract Drafting: INE drafted futures and options contracts for 20 - rubber and low - sulfur fuel oil and is seeking public comments [15] C. Metal Futures - Margin Adjustment: SHFE will adjust the daily limit and margin ratios for nickel, alumina, lead, zinc, and stainless - steel futures from January 27 [17] - Silver Demand: The World Silver Association reported that global silver industrial demand will grow in the next five years due to increasing demand in PV, AI, and EVs [19] - Metal Inventory: Last week, nickel inventory increased by 2,614 tons, zinc decreased by 3,160 tons, copper increased by 12,422 tons, tin increased by 171 tons, and aluminum increased by 11,174 tons [20] - Rule Revision: SHFE is seeking public comments on revising the nickel futures business rules [20] - Lithium Sale: Sigma Lithium sold 100,000 tons of high - purity lithium ore concentrate at $140 per ton, and mining restart is expected to end in January 2026 [20] D. Black - Series Futures - Inspection Fee: Zhengzhou Commodity Exchange adjusted the inspection fees for ferrosilicon and silicomanganese futures [22] - Steel Mill Data: The blast furnace operating rate of 247 steel mills was 78.68%, down 0.16 ppts week - on - week; ironmaking capacity utilization was 85.51%, up 0.03 ppts; steel mill profitability was 40.69%, up 0.86 ppts; and daily hot - metal output was 228.1 tons, up 0.09 tons week - on - week [22] - Iron Ore Inventory: The total inventory of imported iron ore at 45 ports was 16,766.53 tons, up 211.43 tons; the daily discharge volume was 310.73 tons, down 9.16 tons. At 47 ports, the total inventory was 17,496.53 tons, up 207.83 tons; and the daily discharge volume was 320.52 tons, down 14.50 tons [24] - Global Steel Output: In December 2025, global crude - steel output was 139.6 million tons, down 3.7% year - on - year; for 2025, it was 1.8038 billion tons, down 2% year - on - year [25] E. Agricultural Futures - Palm Oil: Malaysia's MPOB will launch an official reference price for used cooking oil (UCO) in Q1 2026 to improve market transparency [27] - Cotton Inventory: As of January 22, the inventory of imported cotton at major ports increased 6.31% week - on - week to 47.52 tons [27] - Pig Farming: As of January 23, self - breeding and self - raising pig farming profit was $43.35 per head, and purchasing piglets for farming profit was $115.84 per head [27] - Rapeseed Export: As of January 18, Canada's rapeseed export volume increased 155.95% week - on - week to 28.82 tons. For the 2025 - 26 season, exports were 3.2097 million tons, down 37.42% year - on - year, and the commercial inventory was 1.1059 million tons [28][29] III. Financial Markets A. Financial Sector - Foreign Public Funds: Foreign public funds are optimistic about A - shares in 2026, maintaining high positions and focusing on the technology sector [31] - Market Recovery: In the process of market confidence recovery, sectors such as the consumer and real - estate chains may see repairs. The issuance of equity funds has warmed up, with 76 new funds established and a total fundraising of 71.939 billion yuan as of January 24 [31] - "Savings Migration": About 50 trillion yuan of one - year - plus fixed - term deposits will mature in 2026, with about 800 billion yuan potentially flowing into public funds, preferring index funds and diversified strategies [32] - Broker Research: Brokers have surveyed 440 A - share companies, with a focus on electronics and machinery. They expect structural opportunities in the stock market this year [33] - Securities Industry Transformation: The number of securities brokers has decreased, while the number of investment advisors has increased, indicating a transformation from sales to wealth management [33] - North交所: As of January 23, there were 290 listed companies on the North Exchange, with a total market value of 967.053 billion yuan. IPOs are expected to continue at a high - speed pace [33] - New Stock Issuance: The online effective subscription amount of North Exchange's new stock Meidele exceeded 1.05886 trillion yuan [34] - Listings: Aixin Yuanzhi Semiconductor and Connaught Biopharmaceutical plan to list on the Hong Kong Stock Exchange [35][36] B. Industry Sector - Railway Adjustment: Starting from January 26, the national railway adjusted its train operation diagram, increasing the number of passenger and freight trains [37] - Coal Standard: New standards for coal clean and efficient utilization were released, promoting the transformation of coal from fuel to raw material [39] - Industry Support: Beijing plans to invest over 1.5 billion yuan in high - tech industries, and Chongqing launched a 185 - million - yuan subsidy program for car replacement [39] C. Overseas Sector - US Government Shutdown: US Democratic senators may oppose a government funding bill, increasing the risk of a partial government shutdown at the end of January [40] - US Winter Storm: A winter storm in the US has caused power outages for over 800,000 users, canceled over 10,000 flights, and affected a large area [40] - Trade Agreements: India will lower car import tariffs from 110% to 40% for high - end cars, and the EU and Vietnam will upgrade their bilateral relations [40][42] - African Summit: The World Economic Forum Africa Summit will resume in April 2027 [43] D. International Stock Market - US Earnings Season: US stocks will enter a "super earnings week," with tech giants like Apple and Microsoft set to release earnings. The focus is on AI - related investment returns and future capital expenditure plans [44] E. Commodity Sector - Futures Expansion: The CSRC added 14 futures and options varieties as domestic specific ones, signaling accelerated capital - market opening [45] - Copper Bar Investment: The "copper bar fever" is considered a concept hype, with potential risks for investors [45] - Libya Oil Deal: Libya signed a 25 - year oil development agreement with Total and ConocoPhillips, with an investment over $20 billion [45] F. Foreign Exchange Sector - Japanese Yen: Japanese Prime Minister Kōichi Sanae warned the financial market, and there are speculations that Japan may intervene in the foreign - exchange market to stop the yen's depreciation [47] IV. Upcoming Events - 09:20: 200 billion yuan of MLF and 158.3 billion yuan of reverse repos will mature in the Chinese central bank's open market [49] - 15:00: The State Council Information Office will hold a press conference on 2025's business work and operations [49] - 19:00: ECB Governing Council member Nagel will speak [49] - 23:00: ECB Governing Council member Kohler will speak [49] - Other Events: The 2026 "Star Computing · Intelligent Connectivity" Space Computing Power Seminar will be held, the 19th Asian Financial Forum will take place in Hong Kong, and the new stock Beixin Life on the Science and Technology Innovation Board will be available for subscription [49] V. Market Closures - Australia: Financial markets are closed for Australia Day [51] - India: Financial markets are closed for Republic Day [51]