冠通期货早盘速递-20260318

Report Summary 1. Hot News - Iran's President Pezeshkian mourned the death of the former speaker and secretary of the Supreme National Security Council, Ali Larijani. The Islamic Revolutionary Guard Corps confirmed the death of Basij militia leader Qolamreza Suleimani. Iran has appointed multiple replacements for key national positions. Iran's new Supreme Leader Mojtaba Khamenei rejected mediation proposals, and Foreign Minister Araqchi denied new contact with US President's envoy Witkoff. The Israeli Defense Forces said they would "hunt down" Mojtaba Khamenei [2]. - The Ministry of Finance will continue to implement a more proactive fiscal policy in 2026, focusing on seven aspects: supporting the construction of a strong domestic market, cultivating and expanding new drivers, accelerating high - level scientific and technological self - reliance, increasing efforts to ensure and improve people's livelihoods, promoting new urbanization and regional coordinated development, accelerating the comprehensive green transformation, and strengthening fiscal scientific management [2]. - From January to February, the total electricity consumption of the whole society was 1654.6 billion kWh, a year - on - year increase of 6.1%, with the growth rate 4.7 percentage points higher than the same period last year. The electricity consumption growth rates of the charging and swapping service industry and the Internet data service industry reached 55.1% and 46.2% respectively [2]. - Last week, international companies suspended some Brazilian soybean exports, and the slow progress of the Brazilian soybean harvest led to concerns about a tight supply of imported soybeans in China from March to April. The trading volume of soybean meal increased significantly, and the inventory decreased significantly. The trading volume of soybean meal in oil mills remains high, and the inventory is expected to continue to decline this week, possibly dropping to about 450,000 tons by the end of the month, a year - on - year decrease of about 200,000 tons [3]. - Zhengzhou Commodity Exchange decided to set Changshu Qianhong Petrochemical Port Storage Co., Ltd. and Changzhou Hongchuan Petrochemical Storage Co., Ltd. as designated propylene delivery warehouses, and Jiangsu Sierbang Petrochemical Co., Ltd. and Tianjin Bohua Aojia Yongli Chemical Co., Ltd. as designated propylene delivery plants, starting from the date of the announcement [3]. 2. Sector Performance - Key Focus: Urea, coking coal, methanol, plastic, asphalt [4]. - Night - session Performance: Non - metallic building materials rose 2.40%, precious metals rose 28.86%, oilseeds rose 8.67%, soft commodities rose 2.48%, non - ferrous metals rose 22.82%, coal - coking - steel - ore rose 8.72%, energy rose 7.78%, chemicals rose 14.57%, grains rose 0.99%, and agricultural and sideline products rose 2.71% [4]. 3. Sector Positions - The document shows the changes in the positions of commodity futures sectors in the past five days, including Wind agricultural and sideline products, Wind grains, Wind chemicals, Wind energy, Wind coal - coking - steel - ore, Wind non - ferrous metals, Wind commodity composites, Wind soft commodities, Wind oilseeds, Wind precious metals, and Wind non - metallic building materials [5]. 4. Performance of Major Asset Classes | Category | Name | Daily % Change | Monthly % Change | Year - to - date % Change | | --- | --- | --- | --- | --- | | Equity | Shanghai Composite Index | - 0.85 | - 2.71 | 2.04 | | | SSE 50 | 0.32 | - 2.50 | - 2.23 | | | CSI 300 | - 0.73 | - 1.55 | 0.16 | | | CSI 500 | - 2.07 | - 7.42 | 7.37 | | | S&P 500 | 0.25 | - 2.37 | - 1.89 | | | Hang Seng Index | 0.13 | - 2.86 | 0.93 | | | German DAX | 0.71 | - 6.14 | - 3.10 | | | Nikkei 225 | - 0.09 | - 8.75 | 6.68 | | | FTSE 100 | 0.83 | - 4.65 | 4.75 | | Fixed - income | 10 - year Treasury bond futures | 0.05 | - 0.24 | 0.26 | | | 5 - year Treasury bond futures | 0.04 | - 0.09 | 0.14 | | | 2 - year Treasury bond futures | 0.03 | 0.00 | 0.01 | | Commodity | CRB Commodity Index | 1.30 | 16.54 | 21.96 | | | WTI Crude Oil | 2.95 | 43.18 | 67.41 | | | London Spot Gold | 0.06 | - 5.15 | 15.94 | | | LME Copper | 0.00 | - 2.84 | 3.38 | | | Wind Commodity Index | - 0.15 | - 9.54 | 9.86 | | Other | US Dollar Index | - 0.25 | 1.96 | 1.31 | | | CBOE Volatility Index | - 4.85 | 12.64 | 49.63 | [6] 5. Stock Market Risk Preference and Major Commodity Trends - The document presents the trends of major commodities such as the Baltic Dry Index (BDI), CRB Spot Index, WTI crude oil, London spot gold, London spot silver, LME 3 - month copper, CBOT soybeans, CBOT corn, and the risk premium of the Shanghai Composite Index, SSE 50, CSI 300, and CSI 500 [7].