资讯早间报：隔夜夜盘市场走势-20260302

Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - International precious metal futures generally closed higher, with COMEX gold futures up 1.97% at $5,296.40 per ounce and COMEX silver futures up 7.77% at $94.39 per ounce. The increase was driven by factors such as higher-than-expected US PPI, Fed policy uncertainty, and an increase in speculative net long positions in gold and silver [4]. - US crude oil and Brent crude oil futures both rose, with the main US crude oil contract up 3.19% at $67.29 per barrel and the main Brent crude oil contract up 3.26% at $73.15 per barrel. The rise was due to the tense situation between the US and Iran and an increase in speculative net long positions in NYMEX WTI crude oil [4]. - London base metals mostly closed lower, except for LME tin, which rose 6.64% to $58,050 per ton [5][6]. - Most domestic futures contracts closed higher, with fuel oil up nearly 5% and low-sulfur fuel oil (LU) up nearly 4%. On the downside, 20 - rubber and natural rubber fell nearly 1% [7]. - The Chinese government will continue to implement a more proactive fiscal policy and a moderately loose monetary policy, and adjust some tariff measures [9]. - The People's Bank of China will lower the foreign exchange risk reserve ratio for forward foreign exchange sales from 20% to 0 [10]. Summary by Directory Overnight Night - Market Trends - International Precious Metals: COMEX gold futures rose 1.97% to $5,296.40 per ounce, up 4.24% for the week; COMEX silver futures rose 7.77% to $94.39 per ounce, up 13.8% for the week [4]. - Crude Oil: US crude oil main contract rose 3.19% to $67.29 per barrel, up 1.22% for the week; Brent crude oil main contract rose 3.26% to $73.15 per barrel, up 2.59% for the week [4]. - London Base Metals: LME copper fell 0.06% to $13,296 per ton, up 2.56% for the week; LME zinc fell 2.09% to $3,308 per ton, down 2.2% for the week; LME nickel rose 0.01% to $17,695 per ton, up 1.99% for the week; LME aluminum fell 0.51% to $3,141.5 per ton, up 1.26% for the week; LME tin rose 6.64% to $58,050 per ton, up 24.68% for the week; LME lead fell 1.21% to $1,960 per ton, down 0.25% for the week [5][6]. - Domestic Futures: Fuel oil rose nearly 5%, low - sulfur fuel oil (LU) rose nearly 4%, asphalt, methanol, and starch rose more than 1%; 20 - rubber and natural rubber fell nearly 1% [7]. Important Information Macroeconomic Information - The Chinese government will continue to implement a more proactive fiscal policy and a moderately loose monetary policy, and adjust some tariff measures [9]. - The People's Bank of China will lower the foreign exchange risk reserve ratio for forward foreign exchange sales from 20% to 0 [10]. - The Shanghai Export Container Freight Index rose 81.65 points to 1,333.11, while the China Export Container Freight Composite Index fell 4% [9]. - The CSRC held a symposium with foreign - funded securities, fund, and futures institutions in China [12]. - Iranian Supreme Leader Khamenei was assassinated, and the US and Iran are in a tense situation [12]. - The Iranian Islamic Revolutionary Guard issued a warning about the protection of oil and gas facilities [13]. - Shipping giant Maersk will divert ships due to the Middle East situation [13]. Energy and Chemical Futures - Saudi Arabia may raise the official selling price of crude oil sold to Asia in April [15]. - The rubber (RSS) inventory in the designated warehouse of the Osaka Exchange decreased by 178 tons [16]. - The expected average price of Brent crude oil in 2026 is $63.85 per barrel, and that of US crude oil is $60.38 per barrel [16]. - OPEC+ decided to resume the plan of gradually canceling the additional voluntary production cut of 1.65 million barrels per day and agreed to increase production by 206,000 barrels per day [16]. - Many oil tankers are anchored in the waters near the Strait of Hormuz [17]. Metal Futures - The national alumina weekly operating rate decreased by 1.21 percentage points to 77.17% [19]. - Last week, copper, aluminum, zinc, lead, nickel, and tin inventories on the Shanghai Futures Exchange increased [20]. Black - Series Futures - The Ministry of Ecology and Environment will promote the ultra - low emission transformation of key industries [23]. - India hopes to cut its thermal coal imports for power plants by at least 30% this year [23]. - The inventory of imported iron ore in 45 ports increased, and the daily port clearance volume decreased [23]. - The blast furnace operating rate and ironmaking capacity utilization rate of 247 steel mills increased [24]. Agricultural Product Futures - The estimated export volume of Malaysian palm oil from February 1 - 25 decreased by 3.77% compared with the same period last month [26]. - The self - breeding and self - raising pig farming profit was a loss of 159.65 yuan per head, and the profit from purchasing piglets for breeding was 20.83 yuan per head [26]. - The Canadian grain export volume decreased, and the cumulative export volume in the current market year decreased by 29.1% compared with the same period last year [28]. - The inventory of imported cotton in major ports increased by 0.75% week - on - week [28]. Financial Market Finance - In March 2026, 13 securities firms have released their golden stock lists, with a total of 125 recommendations covering 108 A - shares [30]. - CITIC Securities believes that the price - increase and AI - driven market will continue in March [30]. - The Hang Seng Technology Index fell 6.86% in the first two months of this year, but southbound funds continued to flow in [30]. - After the Spring Festival, the sentiment in the A - share market warmed up, and most active equity funds achieved positive returns [32]. - After the Spring Festival, the A - share market style switched, and cyclical sectors attracted the attention of fund managers [32]. Industry - In February, the average sales price of new homes in 100 cities decreased by 0.04% month - on - month and increased by 2.37% year - on - year; the average price of second - hand homes decreased by 0.54% month - on - month and 8.78% year - on - year; the average rental price of ordinary homes in 50 cities decreased by 0.11% month - on - month and 3.79% year - on - year [33]. - Qinghai Province issued a policy to promote the large - scale development of solar - thermal power generation [33]. - The contract price of PC DRAM (DDR4 8Gb 1Gx8) products rose 13.04% in February [33]. - The drone system operation project in the Beibu Gulf oilfield was officially launched [34]. - Zhangyuan Tungsten Industry adjusted the price of cemented carbide products [36]. Overseas - Iranian former President Ahmadinejad was assassinated, and the Iranian military launched the ninth round of attacks on US and Israeli targets [37]. - The foreign ministers of Iran and Oman had a phone call, and Iran is open to efforts to ease the situation [37]. - The leaders of the UK, France, and Germany may take "necessary defensive actions" against Iran [38]. - South Korea is preparing for emergencies, and its exports in February increased by 29% year - on - year [38]. International Stock Markets - On February 27, foreign funds net - sold 6.8 trillion won of South Korean composite stock index components, setting a record for single - day net sales [40]. Commodities - The Iranian Islamic Revolutionary Guard issued a warning about the protection of oil and gas facilities [41]. - OPEC+ agreed in principle to increase oil production by 206,000 barrels per day in April [41]. - The market is concerned about the impact of the Iranian attack on the market, and Barclays Bank believes that the Brent crude oil price may reach $100 per barrel [41]. - Due to the tense situation in the Middle East, the VLCC daily rent has exceeded $200,000 [41]. Upcoming Economic Data and Events - Economic data to be released include manufacturing PMI data from multiple countries and retail sales data from some countries [44]. - Events include a speech by ECB President Lagarde, a speech by Bank of Japan Deputy Governor Himino, and the OECD 2026 Spring Financial Market Week [46]. - The South Korean stock market will be closed for a holiday [48].