【光大研究每日速递】20260113

Group 1: Oil and Gas Industry - The geopolitical tensions in Venezuela and Iran have increased, leading to a rise in the geopolitical risk premium for oil, resulting in higher oil prices. As of January 9, 2026, Brent and WTI crude oil futures closed at $63.02 and $58.78 per barrel, reflecting increases of 3.7% and 2.5% respectively compared to the previous week. The long-term supply-demand dynamics for crude oil remain favorable, supporting a positive outlook for major oil companies and oil service sectors [5]. Group 2: Utilities Sector - The SW Utilities sector index rose by 2.54%, ranking 23rd among 31 SW primary sectors. In comparison, the CSI 300 index increased by 2.79%, the Shanghai Composite Index by 3.82%, the Shenzhen Component Index by 4.4%, and the ChiNext Index by 3.89%. Within the sub-sectors, thermal power increased by 2.4%, hydropower by 0.7%, photovoltaic power by 3.9%, wind power by 2.6%, comprehensive energy services by 2.51%, and gas by 4.8% [5]. Group 3: Internet and Media Industry - The animated drama sector is expected to take over from live-action short dramas, with a significant release of IP value anticipated. The industry has shown strong growth in 2025, and it is projected that the market will continue to expand rapidly in 2026, driven by the mature application of AI video models like Kexi, which offer low costs, high production capacity, and strong visual impact [6]. Group 4: Copper Market - The market has priced in the expectation that the Federal Reserve will not lower interest rates in January 2026. The TC spot price has hit a new low, indicating ongoing tightness in copper concentrate procurement. The operating rate of cable companies continues to decline, and domestic social inventory is on the rise. Despite the recent surge in copper prices, demand is expected to be under pressure. However, the supply-demand situation remains tight, leading to a continued bullish outlook for copper prices in 2026 [7].