早盘速递-20260311

Report Summary 1. Hot News - The US President Trump stated that the war against Iran would "soon" end but "not" this week. If Iran takes any action to block oil transportation through the Strait of Hormuz, the US will launch a "20 - fold more severe strike" against it. Israeli Prime Minister Netanyahu said that the action against Iran "has not ended". Iranian Deputy Foreign Minister Garib Abadi said that Iran's current priority is only "resolute defense" and "the end of the war is in Iran's hands" [2] - In the first two months of this year, China's total value of goods trade imports and exports was 7.73 trillion yuan, a year - on - year increase of 18.3%. Exports were 4.62 trillion yuan, up 19.2%; imports were 3.11 trillion yuan, up 17.1%. China's imports and exports to the US in the first two months were 609.71 billion yuan, a decrease of 16.9%, while those to ASEAN and the EU both increased by about 20% [2] - The exchanges took action again to prevent market risks. The Shanghai Futures Exchange and the Shanghai International Energy Exchange issued notices to adjust the price limit ranges and trading margin ratios of relevant contracts for crude oil, low - sulfur fuel oil, fuel oil, petroleum asphalt, and butadiene rubber futures [2] - From March 2nd to March 8th, 2026, the total iron ore inventory at seven major ports in Australia and Brazil was 1.3179 billion tons, a month - on - month increase of 396,000 tons. The inventory scale rebounded slightly, and the current inventory is at the second - highest level since the beginning of the year [2] - According to the China Cotton Information Network, based on the spring sowing intention survey, the cotton - planting policy direction in Xinjiang is clear, but implementation measures vary by region. The cotton - planting area for the new year will be slightly reduced month - on - month. The total output calculated based on the three - year average yield per unit area will slightly decrease. The national total output will decrease by 40,000 tons to 7.24 million tons. The annual total supply will decrease by 9 tons to 1,480 tons. The total demand will increase by 70,000 tons to 885,000 tons. The ending inventory for this year will decrease by 160,000 tons to 595,000 tons [3] 2. Key Focus - The key focus includes urea, lithium carbonate, platinum, crude oil, and plastic [4] 3. Night - session Performance - The night - session performance of different commodity sectors shows that the non - metallic building materials sector rose by 2.24%, the precious metals sector by 30.75%, the oilseeds and oils sector by 7.39%, the soft commodities sector by 2.53%, the non - ferrous metals sector by 24.61%, the coal, coke, steel, and ore sector by 8.80%, the energy sector by 7.16%, the chemical sector by 12.84%, the grain sector by 1.04%, and the agricultural and sideline products sector by 2.64% [4] 4. Category Asset Performance | Category | Name | Daily % Change | Monthly % Change | Year - to - date % Change | | --- | --- | --- | --- | --- | | Equity | Shanghai Composite Index, SSE 50, CSI 300 | 0.65, 0.64, 1.28 | - 0.95, - 1.89, - 0.76 | 3.89, - 1.63, 0.97 | | | CSI 500 | 1.58 | - 2.87 | 12.65 | | | S&P 500 | - 0.21 | - 1.42 | - 0.94 | | | Hang Seng Index | 2.17 | - 2.52 | 1.29 | | | German DAX | 2.39 | - 5.20 | - 2.13 | | | Nikkei 225 | 2.88 | - 7.82 | 7.77 | | | FTSE 100 | 1.59 | - 4.57 | 4.84 | | Fixed - income | 10 - year Treasury bond futures | - 0.00 | - 0.08 | 0.41 | | | 5 - year Treasury bond futures | - 0.00 | - 0.03 | 0.20 | | | 2 - year Treasury bond futures | 0.01 | 0.00 | 0.01 | | Commodity | CRB Commodity Index | - 2.48 | 11.31 | 16.48 | | | WTI Crude Oil | 0.00 | 27.18 | 48.70 | | | London Spot Gold | 0.98 | - 1.67 | 20.19 | | | LME Copper | 0.00 | - 2.84 | 3.38 | | | Wind Commodity Index | 1.73 | - 3.31 | 17.43 | | Other | US Dollar Index | 0.23 | 1.33 | 0.69 | | | CBOE Volatility Index | 0.00 | 28.40 | 70.57 | [6]