中国期货每日简报-20260311

1. Report Industry Investment Rating No information provided in the given content. 2. Core Viewpoints - On March 10, 2026, equity index futures rose, while most commodities declined, with energy & chemicals and agricultural products falling across the board [2][9]. - China's imports and exports in RMB terms rose 17.1% and 19.2% YoY respectively in Jan - Feb 2026, showing continued steady improvement and strong resilience [34]. - Trump said he will lift some sanctions to stabilize international oil prices, and the Islamic Revolutionary Guard Corps stated that Iran will decide when the war ends [1][34]. 3. Summary by Directory 3.1 China Futures 3.1.1 Overview - On March 10, equity index futures (IM and IC) rose 1.6%. In commodity futures, the top three gainers were Silver (up 7.1% with open interest decreasing 5.8% month - on - month), Platinum (up 4.3% with open interest decreasing 0.9% month - on - month), and Lithium Carbonate (up 4.2% with open interest increasing 0.6% month - on - month). The top three decliners were SCFIS(Europe) (down 13.9% with open interest decreasing 10.9% month - on - month), Crude Oil (down 10.8% with open interest decreasing 13.3% month - on - month), and Methanol (down 7.6% with open interest decreasing 16.2% month - on - month) [9][10][11]. 3.1.2 Daily Raise - Gold: On March 10, the Gold main contract rose 0.8% to 1150.0 yuan/g (SHFE). Short - term may operate in a range - bound manner. Geopolitical risks in the Middle East persist, and China's central bank has increased its gold holdings for the 16th consecutive month. Long - term trend is optimistic as the weakening of U.S. dollar credibility remains unchanged [15][16][17]. - Silver: On March 10, the main contract of Silver rose 7.1% to 22758 yuan/kg (SHFE). It may remain range - bound, and the gold - silver ratio is likely to strengthen in oscillations in the short term. Short - term macro drivers are under pressure, and its own spot fundamentals are softening. Long - term trend is expected to align with gold [21][22][23]. - Lithium Carbonate: On March 10, the main contract of Lithium Carbonate rose 4.2% to 163000 yuan/ton (GFEX). Energy price increase expectations boost energy storage demand. In March, the fundamental outlook is strong, but downstream performance needs to be observed. Expect prices to stay range - bound [27][28][29]. 3.2 China News 3.2.1 Macro News - China's imports and exports in RMB terms rose 17.1% and 19.2% YoY respectively in Jan - Feb 2026, with total trade hitting 7.73 trillion yuan [34]. - Trump will lift some oil - related sanctions to stabilize oil prices, and the military operation against Iran will end "soon" but "not" this week [34]. - Iran's Islamic Revolutionary Guard Corps stated that Iran will decide when the war ends [34]. - Israel launched an air strike on Iran's capital Tehran on March 10th, targeting local nuclear laboratories [34]. 3.2.2 Trading News - Multiple exchanges adjusted price limits, trading margin ratios, trading fee standards, and minimum opening & closing order sizes for various futures contracts on March 10, 2026 [35][39][41].