冠通期货早盘速递-20260306

1. Industry Investment Rating - No information provided 2. Core Views - The "Government Work Report" presented at the Fourth Session of the 14th National People's Congress sets this year's main development targets, including an economic growth rate of 4.5%-5%, a target for new urban employment of over 12 million, and a CPI increase of around 2%. The "15th Five-Year Plan" draft outlines 20 key indicators in areas such as economic development, innovation, people's livelihood, and green - low - carbon development [2] - Reuters forecasts the end - of - season inventories of US crops in the 2025/26 season, with an average expected soybean end - of - season inventory of 344 million bushels and a corn end - of - season inventory of 2.136 billion bushels [3] - The Shanghai Futures Exchange adjusts the price limit and margin ratios for fuel oil futures contracts [3] 3. Summary by Related Catalogs Hot News - The Fourth Session of the 14th National People's Congress opens in Beijing, and the "Government Work Report" sets this year's development targets [2] - The "15th Five - Year Plan" draft proposes 20 main indicators, covering economic development, innovation, people's livelihood, and green - low - carbon aspects [2] - Iran's military official states that Iran has not blocked the Strait of Hormuz and is handling ships passing through the strait according to international rules [2] - Reuters releases forecasts for the end - of - season inventories of US crops in the 2025/26 season [3] - The Shanghai Futures Exchange adjusts the price limit and margin ratios for fuel oil futures contracts [3] Plate Performance - Key focus: urea, coking coal, Shanghai aluminum, asphalt, PP [4] - Night - session performance of commodity sectors: non - metallic building materials rose 2.00%, precious metals rose 31.85%, oilseeds rose 7.75%, non - ferrous metals rose 26.19%, soft commodities rose 2.73%, coal - coking - steel - ore rose 9.51%, energy rose 5.08%, chemicals rose 10.99%, grains rose 1.13%, and agricultural and sideline products rose 2.77% [4] Plate Position - The chart shows the changes in the positions of commodity futures sectors in the past five days [5] Performance of Major Asset Classes - Equity: The Shanghai Composite Index rose 0.64% daily, - 1.30% monthly, and 3.52% year - to - date; the S&P 500 fell - 0.56% daily, - 0.70% monthly, and - 0.22% year - to - date, etc. [6] - Fixed - income: The 10 - year Treasury bond futures fell - 0.03% daily, rose 0.14% monthly, and rose 0.64% year - to - date [6] - Commodities: WTI crude oil rose 5.65% daily, 17.33% monthly, and 37.18% year - to - date; London spot gold fell - 0.70% daily, - 3.67% monthly, and rose 17.75% year - to - date [6] - Others: The US dollar index rose 0.25% daily, 1.43% monthly, and 0.79% year - to - date; the CBOE volatility index rose 12.29% daily, 19.59% monthly, and 58.86% year - to - date [6] Stock Market Risk Appetite and Major Commodity Trends - The report presents charts of various major commodity trends, including the Baltic Dry Index (BDI), CRB spot index, WTI crude oil, London spot gold, London spot silver, LME copper, etc., as well as the risk premium of the stock market [7]