冠通期货早盘速递-20260211

Report Summary 1. Hot News - In 2025, China's total social logistics volume reached 368.2 trillion yuan, a year-on-year increase of 5.1% at comparable prices, with the logistics volume of industrial robots and new energy vehicles increasing by 28% and 25.1% respectively [3] - US President Trump is considering sending another aircraft carrier strike group to the Middle East in case the negotiation with Iran fails, and the second round of talks is expected next week [3] - US retail sales in December 2025 had zero month-on-month growth, weaker than the expected 0.4% increase, and core retail sales decreased by 0.1% month-on-month, against an expected 0.3% increase [3] - The EIA Short-Term Energy Outlook Report raised the forecast for Brent crude oil price in 2026 to $57.69/barrel and lowered it to $53/barrel in 2027, and adjusted WTI crude oil price forecasts accordingly [3] - The Dalian Commodity Exchange will adjust the daily price limit and trading margin levels for iron ore, coke, and coking coal futures contracts from February 12, 2026 [4] 2. Key Focus and Market Performance - Key focus commodities include urea, Shanghai copper, alumina, PP, and PVC [5] - Night trading performances: non-metallic building materials rose 1.96%, precious metals 34.51%, oilseeds 8.01%, soft commodities 2.49%, non-ferrous metals 25.64%, coal-coke-steel-ore 10.09%, energy 2.59%, chemicals 11.22%, grains 0.96%, and agricultural and sideline products 2.54% [5] 3. Commodity Futures Positions - The document presents the changes in commodity futures positions of different sectors in the past five days, including agricultural and sideline products, grains, chemicals, energy, coal-coke-steel-ore, non-ferrous metals, etc. [6] 4. Performance of Major Asset Classes - Equity markets: Shanghai Composite Index rose 0.13% daily, 0.25% monthly, and 4.02% annually; other indices had different performance [7] - Fixed-income markets: 10-year, 5-year, and 2-year treasury bond futures had slight increases [7] - Commodity markets: CRB commodity index, WTI crude oil, London spot gold, LME copper, and Wind commodity index had various changes [7] - Other assets: US dollar index and CBOE volatility index also had corresponding fluctuations [7] 5. Main Commodity Trends - The document shows the trends of major commodities such as the Baltic Dry Index, CRB spot index, WTI crude oil, London spot gold and silver, LME copper, CBOT soybeans and corn, etc., as well as the ratios between gold and oil, copper and gold, and risk premiums in the stock market [8]