早盘速递-20260326

Report Summary 1. Hot News - The negotiation between the US and Iran is uncertain. Iran rejected the US cease - fire proposal, while the White House said the negotiation was ongoing and productive. The US House Speaker claimed the Iran war was "nearly over" and the US military's troop deployment was a warning. Iranian military sources said they were ready for further escalation [2]. - Iran stated that non - belligerent ships could pass through the Strait of Hormuz after coordination. COSCO Shipping Lines resumed new bookings for ordinary containers to some Middle - East countries but ships would not pass through the Strait of Hormuz [2]. - By the end of February, the total installed power generation capacity in China was 3.95 billion kilowatts, a 15.9% year - on - year increase. Solar power and wind power installed capacities were 1.23 billion and 0.65 billion kilowatts respectively, with year - on - year increases of 33.2% and 22.8% [2]. - The President of Indonesia approved tariffs on coal and nickel exports, and the specific tax rates are still under discussion. Indonesia accounts for over half of the world's nickel production [3]. - In the week ending March 25, national building materials production was 4.7336 million tons, an increase of 0.2835 million tons from the previous week. Factory inventory decreased by 0.5197 million tons, social inventory increased by 0.0532 million tons, total inventory decreased by 0.4665 million tons, and apparent demand increased by 0.3742 million tons [3]. 2. Sector Performance - Key sectors to focus on: urea, lithium carbonate, platinum, asphalt, PVC [4]. - Night - session performance: Non - metallic building materials rose 2.53%, precious metals 26.15%, oilseeds 8.85%, soft commodities 2.49%, non - ferrous metals 23.04%, coal - coking - steel - ore 10.04%, energy 7.95%, chemicals 14.88%, grains 1.09%, and agricultural and sideline products 2.98% [4]. 3. Sector Positions - The chart shows the changes in commodity futures sector positions in the past five days, including sectors like agricultural and sideline products, grains, chemicals, energy, coal - coking - steel - ore, non - ferrous metals, etc [5]. 4. Performance of Major Asset Classes - Equity: Shanghai Composite Index rose 1.30% daily, - 5.55% monthly, and - 0.93% year - to - date; other indices like S&P 500, Hang Seng Index also had corresponding changes [6]. - Fixed - income: 10 - year, 5 - year, and 2 - year treasury bond futures had different daily, monthly, and year - to - date changes [6]. - Commodities: CRB commodity index, WTI crude oil, London spot gold, LME copper, and Wind commodity index had their respective performance [6]. - Others: US dollar index and CBOE volatility had different changes [6]. 5. Stock Market Risk Preference and Major Commodity Trends - The report presents the trends of major commodities such as Baltic Dry Index, CRB spot index, WTI crude oil, London spot gold, London spot silver, LME copper, etc., as well as ratios like gold - oil ratio and copper - gold ratio [7].