早盘速递-20260316

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Views - The "15th Five-Year Plan" was officially released on March 13, 2026, with 18 chapters, 16 major strategic tasks, and 109 major projects focusing on people's well - being [2] - In the first two months of this year, RMB loans increased by 5.61 trillion yuan, and the increment of social financing scale was 9.6 trillion yuan, with M2 growing 9% year - on - year and the social financing scale stock growing 8.2% year - on - year in February [2] - China has launched the release of over 10 million tons of nitrogen, phosphorus, and compound fertilizer reserves, and about 980,000 tons of fertilizers are stranded in the Persian Gulf, with a possible 30% - 50% reduction in global fertilizer raw material supply if shipping disruptions become normal [2] - The US military launched an air strike on Iran's oil export hub, but Iran's oil facilities are intact and exports are normal. Iran threatens to retaliate if its facilities are attacked [3] - The US Treasury temporarily relaxed sanctions on Russian oil on March 12, and about 124 million barrels of Russian oil are at 30 sea locations. Thailand and Sri Lanka have expressed interest in buying Russian oil [3] 3. Summary by Related Catalogs Hot News - The "15th Five - Year Plan" was approved by the Fourth Session of the 14th National People's Congress on March 12 and officially released on March 13 [2] - In the first two months, RMB loans and social financing scale increased, and M2 and social financing scale stock had year - on - year growth. Loan interest rates in February were about 3.1% [2] - China released fertilizer reserves, and there are potential risks in global fertilizer supply [2] - The US military attacked Iran's oil export hub, and Iran threatened retaliation [3] - The US relaxed sanctions on Russian oil, and some countries expressed interest in buying Russian oil [3] Plate Performance - Key focus: urea, lithium carbonate, bottle chips, crude oil, PVC [4] - Night - session performance: non - metallic building materials 2.31%, precious metals 29.44%, oilseeds 8.37%, soft commodities 2.41%, non - ferrous metals 23.24%, coal - coking - steel - minerals 8.60%, energy 7.71%, chemicals 14.40%, grains 0.97%, agricultural and sideline products 2.54% [4] Plate Position - The chart shows the changes in commodity futures plate positions in the past five days [5] Performance of Major Asset Classes | Category | Name | Daily Change (%) | Monthly Change (%) | Year - to - date Change (%) | | --- | --- | --- | --- | --- | | Equity | Shanghai Composite Index | - 0.82 | - 1.62 | 3.19 | | | SSE 50 | - 0.50 | - 2.72 | - 2.45 | | | CSI 300 | - 0.39 | - 0.88 | 0.85 | | | CSI 500 | - 1.43 | - 4.84 | 10.37 | | | S&P 500 | - 0.61 | - 3.59 | - 3.12 | | | Hang Seng Index | - 0.98 | - 4.37 | - 0.64 | | | German DAX | - 0.60 | - 7.27 | - 4.26 | | | Nikkei 225 | - 1.16 | - 8.55 | 6.91 | | | FTSE 100 | - 0.43 | - 5.95 | 3.32 | | Fixed - income | 10 - year Treasury bond futures | - 0.07 | - 0.16 | 0.33 | | | 5 - year Treasury bond futures | 0.00 | - 0.04 | 0.19 | | | 2 - year Treasury bond futures | 0.00 | 0.01 | 0.01 | | Commodity | CRB Commodity Index | 0.21 | 16.99 | 22.43 | | | WTI Crude Oil | 3.78 | 47.78 | 72.78 | | | London Spot Gold | - 1.18 | - 4.93 | 16.21 | | | LME Copper | - 2.03 | - 4.22 | 1.91 | | | Wind Commodity Index | - 2.47 | - 7.69 | 12.10 | | Other | US Dollar Index | 0.77 | 2.93 | 2.27 | | | CBOE Volatility Index | - 0.37 | 36.91 | 81.87 | [6] Stock Market Risk Preference and Commodity Trends - The report shows the trends of major commodities such as BDI, CRB spot index, WTI crude oil, London spot gold, LME copper, etc., and also includes the relationships like gold - oil ratio, copper - gold ratio, and risk premiums of different stock indices [7]