今 日 早 评 重点品种： 【短评-黄金】据央视新闻，当地时间4月24日获悉，美国 联邦储备委员会理事克里斯托弗·沃勒当日警告称，美国总统 特朗普引发的贸易战可能很快会导致失业率上升。评：美联储 官员提示经济下行风险。隔夜美联储官员密集发生，降息预期 增加，美股有所反弹。经济下行压力对黄金依然存在支撑，黄 金下方空间亦有限，黄金中期高位震荡略偏多思路为宜。关注 俄乌冲突谈判及美联储降息预期。 【短评-原油】据央视新闻消息，当地时间4月24日，美国 联邦储备委员会理事克里斯托弗·沃勒警告称，美国总统特朗 普引发的贸易战可能很快会导致失业率上升，沃勒强调，一旦 劳动力市场出现严重恶化，他预计很快会有更多降息；特朗普 指出，乌克兰和俄罗斯都有实现和平的意愿，双方都必须加入 谈判；美国国务院：国务院政策规划局局长迈克尔·安东与特 使维特科夫将于周六前往阿曼，与伊朗举行技术会谈；中国外 交部明确辟谣中美双方并没有就关税问题进行磋商或谈判，更 谈不上达成协议。评：原油短期库存压力不大，前期行情节奏 围绕OPEC+增产，补偿性减产协议，哈萨克斯坦言论影响。后期 市场面临关税、美伊及俄乌停火谈判，欧佩克+产量等多重因素 的结 ...

IMF总裁格奥尔基耶娃：目前全球的担忧更多集中在不确定性上，而非关税问题。 ...

具体各大品牌金店最新价格见下表格： 今日金价 单位 变动幅度 涨跌 老庙黄金价格 4月24日国内金价快报：各大金店价格继续小幅下滑，但每克还是稳稳站在1000元以上，价格还是很 高。周大福等金店今天又降了17元/克，最新标价1038元/克，还是最贵的金店。菜百黄金保持1015元/克 没变，依旧是最低价金店。今日金店黄金价差23元/克，价差继续缩小。 1031 元/克 21 跌 六福黄金价格 1038 元/克 17 跌 周大福黄金价格 跌 周六福黄金价格 1038 元/克 17 跌 今日金店黄金价格一览（2025年4月24日） 金店报价 金至尊黄金价格 1038 元/克 17 1038 元/克 17 跌 老凤祥黄金价格 1035 元/克 15 跌 潮宏基黄金价格 1038 元/克 17 跌 周生生黄金价格 1035 元/克 13 跌 菜百黄金价格 1015 元/克 元/克 17 0 平 上海中国黄金价格 1019 元/克 0 平 周大生黄金价格 1038 跌 在关注黄金走势之余，再让我们来看一下铂金价格。还是以周大福为例，其铂金饰品最新报价为403元/ 克，较昨日上调5元，形成与黄金价格"一涨一跌"的逆向波动格 ...

欧洲央行管委内格尔：必须在关税问题上找到一种妥协方式。 ...

据日本朝日新闻：日本经济再生大臣赤泽亮正可能最早于4月30日访问美国，就关税问题进行会谈。 ...

Group 1 - Japan's Economic Revitalization Minister, Akizawa Ryozo, is expected to visit the United States as early as April 30 to discuss tariff issues [1]

欢迎加入交易理想国知识星球 文 | 对冲研投研究院 编辑 | 杨兰 摘要： 上周关税问题继续有 所缓和，中美双方都表达了基于一定条件下愿意就关税问题进行对话的意愿，市场风险偏好有所回升，后续有 无进一步实质行动是重点。另外上周鲍威尔的发言仍然相对鹰派，对美股影响较大，金、铜对此反应平静，从这个角度看，如果后续 二次通胀有抬升的空间，大概率仍将利多金、铜。 核心观点 1、上周金铜再度走强 贵金属方面，上周COMEX黄金上涨2.65%，白银上涨1.09%；沪金2506合约上涨4.45%，沪银2506合约上涨2.38%。主要 工业金属价格中，COMEX铜、沪铜分别变动+3.35%、+1.33%。 2、预期改善，铜价上行 在经历了此前的大幅波动之后，铜市场迎来阶段性平静。上周关税问题继续有所缓和，中美双方都表达了基于一定条件下愿 意就关税问题进行对话的意愿，市场风险偏好有所回升。虽然还没有进一步实质行动，但铜价相对乐观的对其进行了定价， 当然后续有无进一步实质行动是重点。另外上周鲍威尔的发言仍然相对鹰派，对美股影响较大，铜价对此反应平静，从这个 角度看，如果后续二次通胀有抬升的空间，铜大概率又变成多配的品种。 3、关 ...

Report Information - Report Title: "Hualian Futures PTA Weekly Report: Demand Affected by Tariff War, Cost Drivers Strengthening" [2] - Report Date: 20250420 [2] - Researcher: Huang Guiren [2] Investment Rating - No investment rating information is provided in the report. Core Viewpoints - Crude oil has rebounded in the short - term, and cost drivers have strengthened. Overall, supply is at a high level, there is differentiation among different product lines on the demand side, and inventory is shifting downstream. Attention should be paid to the development of external tariff issues [6]. Summary by Section 1. Weekly Viewpoints and Strategies - Operation strategy: Aggressive investors should hold short positions lightly. For options, use a small number of call options for hedging. The resistance level of the 2509 contract is around 4450 [5]. 2. Supply - Last week, the average weekly PTA capacity utilization rate was 76.74%, a decrease of 1.25 percentage points from the previous week and an increase of 4.97 percentage points year - on - year, at a neutral level in the same period. Sichuan Energy Investment carried out scheduled maintenance, and there were few changes in other devices. This week, Fujian Baihong is expected to restart, and production may increase [6][20]. - Last week, PTA production was 133.85 tons, a decrease of 1.7% from the previous week and an increase of 8.68% year - on - year. From January to February 2025, China's cumulative PTA imports were 0.52 tons, a year - on - year increase of 30%. As domestic self - sufficiency rate gradually increases, imports are further reduced and can be basically ignored [24]. 3. Demand - In March 2025, the actual PTA consumption was 6.0177 million tons, a month - on - month increase of 15.62% and a year - on - year increase of 9.30%. Last week, the average polyester operating rate was 91.09%, a decrease of 0.22 percentage points from the previous week and an increase of 0.42 percentage points year - on - year, generally at a relatively high level in the same period [28]. - Last week, the weekly polyester industry output was 1.5588 million tons, a month - on - month increase of 0.41% and a year - on - year increase of 19.22%. As of April 17, the comprehensive operating rate of chemical fiber weaving in the Jiangsu and Zhejiang regions was 55.94%, a decrease of 2.31 percentage points from the previous week and a decrease of 16.55 percentage points year - on - year. Terminal textiles are significantly affected by tariff issues, new orders are limited, and market transaction pressure has increased [30]. 4. Inventory - According to Longzhong Information, last week, the PTA industry inventory was about 4.4583 million tons, a month - on - month decrease of 2.91%. The PTA factory inventory was 4.36 days, an increase of 0.04 days from the previous week and a decrease of 0.95 days year - on - year [52]. - Last week, the PTA raw material inventory of polyester factories was 9.4 days, a decrease of 0.85 days from the previous week and an increase of 1.47 days year - on - year [53]. 5. Futures Market - Last week, the 1 - 5 spread weakened and was higher than the same period last year. The 5 - 9 spread increased slightly from the previous week and was stronger than the same period last year. The overall futures monthly spread showed a slight premium pattern with near - term prices lower and far - term prices higher [13]. - The 9 - 1 spread weakened from the previous week and was lower than the same period last year. The basis increased from the previous week and was stronger than the same period last year [16]. 6. Valuation - PX prices declined. PTA spot processing fees weakened from the previous week and were higher than the same period last year. The futures disk processing fees remained stable from the previous week and were the same as the same period last year [70][74][80].

意大利总理梅洛尼：我相信我们会在关税问题上达成协议。 ...

智通财经4月17日电，马来西亚贸易部长和第二财政部长将于本月底前往美国，讨论关税问题。 ...