国内商品期市收盘多数上涨，新能源材料涨幅居前

Report Industry Investment Rating - Not provided in the given documents Core Viewpoints of the Report - Domestic commodity futures markets closed with most rising, led by new energy materials. Lithium carbonate rose 9.18%, while shipping futures led the decline, with the Container Shipping Index (European Line) down 1.42% [1] - The U.S. economy shows weak stability in overall volume and structural differentiation. The manufacturing PMI in January was favorable, but the non - manufacturing sector weakened and employment data was below expectations [1] - In January 2026, China's PPI was - 1.4% year - on - year and 0.4% month - on - month, while CPI rose 0.2% year - on - year and 0.2% month - on - month [1] - Domestic equity markets are supported by policy expectations and additional liquidity. Treasury bonds are neutral overall, with better short - end opportunities. Gold in precious metals maintains a long - position standard, and silver is on the sidelines. Non - ferrous metals are still promising, and black commodities are volatile. Crude oil may rise due to geopolitical support, but it is advisable to stay on the sidelines [1] Summary by Relevant Catalogs Market Conditions - Domestic Commodity Futures: New energy materials led the gains, with lithium carbonate up 9.18%. Shipping futures led the decline, with the Container Shipping Index (European Line) down 1.42%. Basic metals, energy products, agricultural and sideline products, precious metals, chemicals, and oilseeds mostly rose, while black commodities mostly fell, and non - metallic building materials were mixed [1] - Financial Markets: Stock index futures showed different trends, with some rising and some falling. Treasury bond futures had slight fluctuations. The U.S. dollar index and related exchange - rate indicators had certain changes. Interest - rate indicators such as bond yields also fluctuated [8] - Industry Indexes: Non - ferrous metals, basic chemicals, steel, and building materials had relatively large increases, while defense, electronics, and media had declines [9][10] - Overseas Commodities: Energy products such as oil and natural gas had different price changes. Precious metals, non - ferrous metals, and agricultural products also showed various trends [11][12] - Domestic Main Commodities: Different commodities in shipping, precious metals, non - ferrous metals, black building materials, energy chemicals, and agricultural products had different daily, weekly, monthly, quarterly, and annual price changes [13][14][15] Sector - by - Sector Analysis - Financial Sector: Stock index futures are expected to fluctuate moderately upward, stock index options focus on call - option defense, and treasury bond futures fluctuate narrowly [4] - Precious Metals Sector: Gold and silver prices are in a stage of adjustment, with short - term fluctuations due to weakening previous positive drivers and reduced capital enthusiasm before the Spring Festival [4] - Shipping Sector: The pre - holiday market is shrinking, and the Container Shipping Index (European Line) is expected to fluctuate [4] - Black Building Materials Sector: Pre - holiday demand has declined, and products such as steel, iron ore, coke, and coking coal are expected to fluctuate. Glass and soda ash prices also fluctuate [4] - Non - ferrous Metals and New Materials Sector: With the weakening of hawkish expectations, non - ferrous metals stop falling and fluctuate. Products such as copper, nickel, and stainless steel are expected to have different trends [4] - Energy Chemical Sector: Geopolitical situations support oil prices, and chemical products continue to trade sideways. It is advisable to hold light positions during the holiday. Various chemical products are expected to fluctuate [5] - Agricultural Sector: As the holiday approaches, most agricultural products are expected to fluctuate. Some products such as live pigs are expected to fluctuate weakly downward [5]