隔夜夜盘市场走势：资讯早间报-20260318

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report The report comprehensively presents the overnight performance of the futures market, important macro - economic and geopolitical news, and the trends of various financial markets including stocks, bonds, foreign exchange, etc., reflecting the impact of geopolitical conflicts and economic policies on the market. 3. Summary of Each Directory Overnight Night - Market Futures Market Trends - Domestic futures: As of 23:00 on March 18, domestic futures were mixed. Methanol rose over 4%, and low - sulfur fuel oil (LU), bottle chips, and polypropylene rose over 2% [4]. - International futures: WTI crude oil rose 2.7% to $96.02/barrel, Brent crude oil rose 3.35% to $103.57/barrel; COMEX gold rose 0.18% to $5011.30/ounce, COMEX silver fell 1.51% to $79.46/ounce; most London base metals declined, with LME lead rising 1.10% to $1926.0/ton [6]. Important Information Macroeconomic Information - Electricity consumption: From January to February, the total social electricity consumption was 1654.6 billion kWh, a year - on - year increase of 6.1% [8]. - Fiscal policy: In 2026, China will continue to implement a more proactive fiscal policy, mainly in five aspects [8]. - Geopolitical events: The "Ford" aircraft carrier entered the tenth month of deployment; Houthi rebels may attack Red Sea oil tankers; the EU will restart the approval process for the US - EU trade agreement; the Iranian president confirmed the death of Ali Larijani; Trump was angry about allies' reluctance to participate in the Strait of Hormuz escort; ADP reported that private - sector employers added an average of 9000 jobs per week in four weeks [8][9][12][13]. Energy and Chemical Futures - Fuel oil sales: In February, the sales volume of marine fuel oil at Fujairah Port in the UAE hit a monthly record low, and it is expected to decline further in March [15]. - Strait of Hormuz issue: The US Secretary of State urged South Korea to help reopen the Strait of Hormuz; Iran attacked a large - scale natural gas field in the UAE [15]. - Warehouse setting: Zhengzhou Commodity Exchange set several companies as designated propylene delivery warehouses and factories [15]. - Fertilizer plant: A large - scale Russian nitrogen fertilizer plant will suspend production until May [17]. Metal Futures - Lithium ore auction: On March 17, the auction of spodumene concentrate ended, with a transaction price of RMB 15,617/ton [19]. - Company response: GEM responded to the landslide accident in Indonesia, stating that the impact on the overall operation was small [19]. - Aluminum inventory: On March 17, LME aluminum inventory decreased by 0.56% from the previous day, 2.66% in a week, and 8.56% in a month [19]. - Mining project: BHP submitted a new copper concentrator project, with an investment of $4.4 - 5.9 billion, aiming to produce 220,000 - 260,000 tons of copper annually [20]. Black - Series Futures - Iron ore inventory: From March 9 - 15, the total iron ore inventory at seven major ports in Australia and Brazil decreased by 53,000 tons, still slightly higher than the average since the beginning of the year [22]. - Mine penalty: The Henan Bureau of the National Mine Safety Administration ordered Anyang Yong'an Hetuo Coal Mine to suspend production for 1 day [22]. Agricultural Futures - Soybean harvest: As of March 15, the soybean harvest rate in Brazil was 59.2%, slower than the same period last year [25]. - Soybean supply: Market concerns about a shortage of imported soybeans in China from March to April led to increased soybean meal trading volume and decreased inventory [25]. - Sugar production: As of March 15, India's sugar production reached 26.214 million tons, a year - on - year increase of about 10.5% [26]. - Biofuel: Trump invited farmers and biofuel producers to a "farm celebration"; the US EPA submitted biofuel blending quota drafts to the White House [26]. - Palm oil export: The estimated export volume of Malaysian palm oil from March 1 - 15 was 443,812 tons, a 12.68% increase from the same period last month [27]. Financial Market Stock Market - A - shares: The Shanghai Composite Index fell 0.85% to 4049.91 points, with over 4500 stocks falling, and the market turnover was 2.22 trillion yuan [29]. - Hong Kong stocks: The Hang Seng Index rose 0.13% to 25,868.54 points; southbound funds sold over HK$11 billion [30]. - Fund approval: The CSRC approved 15 new hard - tech theme funds [30]. - IPO rumor: The rumor that the Hong Kong Stock Exchange will restrict red - chip companies in IPO is untrue [31]. - Insurance investment: Insurance funds participated in the cornerstone investment of 10 Hong Kong IPO companies, with a total subscription of about HK$1.558 billion [31]. - Korean investment: Korean investors have been net buyers of A - shares in emerging sectors such as semiconductors [31]. - International stocks: US stocks rose slightly; European stocks rose across the board; most Asian - Pacific stocks rose, except for the Japanese stock market [38][39]. Industry News - Beidou system: The Beidou satellite navigation system will be upgraded in orbit [32]. - Real estate: The property market in core cities showed a "spring boom" [33]. - Electricity consumption: From January to February, the social electricity consumption increased by 6.1% year - on - year, with high growth in charging and Internet data services [33]. - AI regulation: Beijing's Cyberspace Administration launched an AI rectification campaign [33]. Overseas News - US official resignation: The director of the US National Counterterrorism Center resigned due to the Iran war [34]. - Iran situation: Iran's regime is still stable but more hard - line [34]. - Military assistance: Ukrainian experts will assist Gulf countries in drone defense [34]. - Interest rate decisions: The Reserve Bank of Australia raised interest rates by 25 basis points; the Central Bank of Indonesia kept interest rates unchanged [36][37]. - Trade agreement: The EU will restart the approval process for the US - EU trade agreement [37]. Commodity Market - Oil prices: WTI and Brent crude oil prices rose due to geopolitical conflicts and inventory changes [41]. - Precious metals: COMEX gold rose and COMEX silver fell due to multiple factors [41]. - Base metals: Most London base metals declined [41]. - Oil sanctions: The US may further relax sanctions on the Venezuelan oil industry [42]. - Port suspension: Fujairah Port in the UAE suspended oil loading [42]. Bond Market - Chinese bonds: The inter - bank bond market recovered, and the yields of major interest - rate bonds generally declined [44]. - US bonds: The yields of US bonds were mixed [44]. Foreign Exchange Market - RMB: The on - shore RMB against the US dollar rose, and the central parity rate was adjusted up [45]. - Dollar index: The dollar index fell, and non - US currencies generally rose [45]. Upcoming Events - Central bank operations: The central bank has 26.5 billion yuan of 7 - day reverse repurchase due; the Bank of Canada, the Federal Reserve, and the Central Bank of Brazil will announce interest rate decisions [47]. - Conferences: The 2026 Zhongguancun Forum Annual Conference press conference will be held; the NVIDIA GTC Conference will take place [47]. - New stock listing: Beixinchuangxing will be officially listed on the Beijing Stock Exchange [47]. - Earnings reports: Tencent Holdings, Geely Auto, Chery Automobile, Huazhu Group, and Micron Technology will release earnings reports [47].