上证指数创史上最长连阳纪录：申万期货早间评论-20260107

Core Viewpoint - The article highlights the significant growth in China's emotional consumption market, projecting an increase from 16.3 trillion yuan in 2022 to 23.1 trillion yuan in 2024, and further to 27.2 trillion yuan in 2025, with expectations to exceed 45 trillion yuan by 2029 [1] Group 1: Market Performance - The Shanghai Composite Index rose by 1.5% to 4083.67 points, marking the longest consecutive rise in history [1] - The market turnover reached 2.83 trillion yuan, with a notable increase in financing balance by 19.27 billion yuan to 2.543422 trillion yuan on January 5 [2][10] - The A-share market is expected to maintain a long-term bullish trend supported by policy, capital, and industry drivers [2][10] Group 2: Monetary Policy - The People's Bank of China emphasized the need for flexible and efficient use of monetary policy tools, including interest rate cuts, to ensure ample liquidity [1][7] - The central bank's focus for 2026 includes enhancing financial services for high-quality economic development and deepening financial reforms [7] Group 3: Commodity Insights - Aluminum prices increased by 2.58% in the night session, with supply constraints and demand remaining stable despite a slight decline in downstream operating rates [3][21] - The dual焦 (coking coal and coke) market showed strong performance, with a seasonal increase in demand expected in January due to pre-holiday restocking [3][23] - Iron ore prices continued to rise, supported by increased shipments from Brazil and a slight recovery in domestic steel production [24] Group 4: International News Impact - The article mentions significant geopolitical developments, including the U.S. military's actions in Venezuela and discussions regarding Greenland, which may influence market sentiment [1][6]