期料原料 ​​​ 官晋业大厦、塑料城租售 0757-22211088 E 订房 0757-28832333 delmally BD ck 0757-2022 ¥9-00-18-00 同意并接受德富盟科阿会员服务的相关规定、程序和惯例，竞真实有效的资料登记并开通。用户使用德富塑料网平台发布的报价、广告等一切信息，必须真实、准确、及时 88 10 | | | | | | 中级与子股 圳股龍昌 | | | 11 (1) | | | 0752 28832888 佛山·乐从镇东区 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 筛选条件: | | | | | | | | | | | | | | 牌号 | | 生产商 | | 交货地 | | ਜੇਟ ਸੰਗ 清洗容 V | 精确直技 | 搜索 | | | 默认排序 | | 价格从低到高 | 是否含税:请选择 ▼ | | 有效时间: 清选择 v | 价格区间: * 曾任价 | | ¥ 曼高价 | 每页显示 30条 | 60条 45条 | 1/2158 下一页 | ...

1月15日，市场早盘冲高回落，截至午间收盘，三大指数集体收跌，创业板指跌超1%，沪指盘中跌破 4100点。板块上，贵金属逆势拉涨，四川黄金涨停，湖南白银、晓程科技涨超5%跟涨。 宝城期货认为，近期黄金价格上涨明显是短期地缘政治风险、美联储独立性担忧与长期结构性因素共振 的结果。此外，近期白银的大幅上行也一定程度上带动了黄金上行。本周以来，纽约银上涨约15%，而 纽约金上涨仅约2%，金银比值下行明显，目前已处于50左右，为近14年以来的低位，这很大程度上将 促使套利资金向黄金流入。短期贵金属市场情绪较高，尤其是白银市场，可以此为风向标，并关注4600 美元关口多空博弈。 消息面上，受避险与货币宽松预期等因素推动，现货金银价格持续走高。 （声明：文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。） MACD金叉信号形成，这些股涨势不错！ ...

消息面上，受避险与货币宽松预期等因素推动，现货金银价格持续走高。 宝城期货认为，近期黄金价格上涨明显是短期地缘政治风险、美联储独立性担忧与长期结构性因素共振 的结果。此外，近期白银的大幅上行也一定程度上带动了黄金上行。本周以来，纽约银上涨约15%，而 纽约金上涨仅约2%，金银比值下行明显，目前已处于50左右，为近14年以来的低位，这很大程度上将 促使套利资金向黄金流入。短期贵金属市场情绪较高，尤其是白银市场，可以此为风向标，并关注4600 美元关口多空博弈。 （文章来源：21世纪经济报道） 1月15日，市场早盘冲高回落，截至午间收盘，三大指数集体收跌，创业板指跌超1%，沪指盘中跌破 4100点。板块上，贵金属逆势拉涨，四川黄金涨停，湖南白银、晓程科技涨超5%跟涨。 ...

黄金和白银期货价格此前在周三延续强劲涨势，截至收盘创下新的历史高点，主要影响因素仍然是全球地缘政治局势 可能持续恶化，尤其是委内瑞拉、古巴与伊朗国内持续陷入动荡，尤其是后两者国家与美国直接发生政治/军事冲突的 风险持续上升，加之特朗普政府持续威胁美联储货币政策独立性，以及"美国经济例外论"在特朗普任期内持续坍塌导 致美元贬值、美债遭遇抛售等因素。 特朗普"关税缓刑"触发白银回调 随着美国总统唐纳德·特朗普表示他将通过双边贸易谈判协议来确保关键矿产供应，此前美国大宗商品交易市场对美国 政府即将对于白银、铂金和钯金征收关税的担忧暂时出现缓解，导致近期大涨的白银与铂族金属均大幅回调，截至发 稿铂和钯跌幅均接近5%。 根据当地时间周三晚间的一份声明，特朗普政府提出了对进口产品设定价格下限 —— 而不仅是按百分比征税，以发展 美国本土愈发庞大的工业供应链系统，但并未排除未来宣布征税的可能性。 "该命令表明特朗普政府在做出未来决定时将采取更有针对性的方式而不是更加宽泛的策略，" 来自TD Securities的高 级大宗商品策略师丹尼尔·加利在一份报告中表示。他强调，毫无疑问，从白银价格与铂金金属价格均大跌来看，这种 方 ...

据了解，伊朗警告其波斯湾地区接壤的邻国——驻扎有美军的国家，称如果特朗普政府直接干预该国国内的民众抗议活动，将直接打击美国军事基地;此 外，有媒体报道称，丹麦和格陵兰外交部长已经与美国副总统万斯、国务卿鲁比奥进行了"坦率但具建设性"的会谈，不过丹麦与格陵兰均表示未能改变美 国立场，此前美国总统特朗普再次威胁要控制格陵兰，并且不排除军事控制手段。 智通财经获悉，黄金和白银期货价格在周三延续强劲涨势，截至收盘创下新的历史高点，主要影响因素仍然是全球地缘政治局势可能持续恶化，尤其是委 内瑞拉、古巴与伊朗国内持续陷入动荡，尤其是后两者国家与美国直接发生政治/军事冲突的风险持续上升，加之特朗普政府持续威胁美联储货币政策独立 性，以及"美国经济例外论"在特朗普任期内持续坍塌导致美元贬值、美债遭遇抛售等因素，共同推动全球央行储备与避险资金流向了能够长期保值的古老 贵金属——黄金。 花旗表示，在前所未有的高价趋势中，全球地缘政治局势持续恶化与特朗普政府带来的全球经济前景与货币价值不确定性，以及实物黄金、白银短缺，加 之美联储独立性遭遇威胁，共同为其预测提供了重要支持。在牛市情景下，花旗分析师团队将未来0-3个月的黄金目标价从 ...

研究员：吴志桥 从业资格：F3085283 交易咨询资格：Z0019267 Morning session notice 早盘提示 更多精彩内容请关注格林大华期货官方微信 格林大华期货研究院 证监许可【2011】1288 号 2026 年 1 月 15 日星期四 联系方式：15000295386 | 板块 | 品种 | 多（空） | 推荐理由 | | --- | --- | --- | --- | | | | | 【行情复盘】 周三主力合约期货BZ2603价格上涨54元至5725元/吨，华东主流地区现货价格5585 | | | | | 元/吨（环比+130），山东地区现货价格 5465 元/吨（环比+140）。持仓方面，多头 | | | | | 增加 580 手至 2.07 万手，空头减少 60 手至 2.53 万手。 | | | | | 【重要资讯】 | | | | | 1、供应方面，12 月国内纯苯产量 193.4 万吨，同比+1.3%。11 月纯苯进口量 45.96 | | | | | 万吨，环比-7.4%。 | | | | | 2、库存方面，江苏纯苯港口样本商业库存总量：32.4 万吨，较上期库存 3 ...

资金流入方面，航空航天ETF天弘(159241)近5个交易日合计"吸金"2.29亿元。 上海金ETF(159830)成交1767.34万元。截至1月14日，上海金ETF(159830)近21个交易日合计"吸金"1.69亿元。 【产品亮点】 航空航天ETF天弘(159241)跟踪国证航天指数，申万一级行业，国防军工权重占比高达96.2%，是全市场军工含量最高的指数， 前十大重仓股涵盖了中航成飞、中航沈飞、中航西飞、航发动力等战斗机核心供应商，一键打包歼击机龙头。 截至2026年1月15日 10:44，航空航天ETF天弘(159241)盘中换手9.4%，成交7777.96万元。跟踪的国证航天航空行业指数 (CN5082)下跌3.30%。成分股方面涨跌互现，洪都航空领涨10.00%，国睿科技上涨4.81%，中航沈飞上涨3.80%；国博电子领跌 16.07%，国光电气下跌10.62%，中国卫星下跌10.00%。 截至1月14日，航空航天ETF天弘(159241)近半年规模增长4.69亿元，实现显著增长。 2026年初全球地缘局势持续升级，多重区域冲突交织发酵，叠加核军备竞赛升温，避险情绪推动国际黄金价格大幅飙升。1月 ...

在本周，全球资金对于美联储货币政策独立性的担忧可谓持续加剧，全球范围的央行行长纷纷声援美联储主席鲍威尔，此前特朗普政府威胁对其进行刑事 起诉。 毋庸置疑的是，美联储数十年来的货币政策独立性遭遇"史无前例的政治攻势"。美联储主席杰罗姆·鲍威尔表示，美国司法部已向美联储发出大陪审团传 票，威胁对他2025年6月在美国国会作证时关于美联储总部正在进行的翻修工作提到的内容进行刑事起诉。在美东时间周日晚间发布的一份声明中，鲍威尔 否认了此举与他的证词或翻修项目有关的说法。 智通财经APP获悉，黄金和白银期货价格在周三延续强劲涨势，截至收盘创下新的历史高点，主要影响因素仍然是全球地缘政治局势可能持续恶化，尤其 是委内瑞拉、古巴与伊朗国内持续陷入动荡，尤其是后两者国家与美国直接发生政治/军事冲突的风险持续上升，加之特朗普政府持续威胁美联储货币政策 独立性，以及"美国经济例外论"在特朗普任期内持续坍塌导致美元贬值、美债遭遇抛售等因素，共同推动全球央行储备与避险资金流向了能够长期保值的 古老贵金属——黄金。 据了解，伊朗警告其波斯湾地区接壤的邻国——驻扎有美军的国家，称如果特朗普政府直接干预该国国内的民众抗议活动，将直接打击美 ...

Report Industry Investment Rating - Not provided in the document Core Viewpoints of the Report - The prices of various energy and chemical products are in a state of shock. Geopolitical factors, especially the situation in Iran and Venezuela, have a significant impact on the prices of oil - related products. The supply and demand fundamentals of different products also affect their price trends [1][3][4] Summary by Relevant Catalogs Research Views - **Crude Oil**: On Wednesday, the closing price of oil rose, but there was a significant plunge around 4 am, with a maximum drawdown of nearly 5%. The WTI February crude oil contract closed at $62.02/barrel, and the Brent March contract closed at $66.52/barrel. SC2602 closed at 457.0 yuan/barrel, up 8.1 yuan/barrel or 1.80%. Trump's statements on the Gaza conflict and the Iranian situation eased geopolitical concerns, causing large - scale fluctuations in oil prices. The view is that the price will be in a state of shock [1] - **Fuel Oil**: On Wednesday, the main contract of fuel oil (FU2603) on the Shanghai Futures Exchange rose 6.07% to 2586 yuan/ton, and the low - sulfur fuel oil main contract (LU2603) rose 2.51% to 3098 yuan/ton. The sharp rise in high - sulfur fuel oil was driven by the geopolitical situation in Iran and its relatively low valuation. The low - sulfur fuel oil market structure is generally stable, and the high - sulfur fuel oil market has some support. The short - term absolute prices of FU and LU may follow the oil price fluctuations, and the view is shock [1][3] - **Asphalt**: On Wednesday, the main contract of asphalt (BU2602) on the Shanghai Futures Exchange rose 1.38% to 3168 yuan/ton. This week, the social inventory rate was 23.91%, down 0.28% from last week; the domestic refinery asphalt inventory level was 24.81%, up 0.45% from last week; the domestic asphalt plant operating rate was 32.47%, up 3.41% from last week. The asphalt market is driven by the expectation of tight processing raw materials and reduced refinery supply, and the price is expected to be stable and slightly stronger, with a shock view [3] - **Polyester**: TA605 closed at 5116 yuan/ton, down 0.47%; EG2605 closed at 3867 yuan/ton, up 1.36%. Multiple PTA and polyester device maintenance plans were announced. In 2025, textile and clothing exports showed a downward trend. Geopolitical risks may push up oil prices. The contradiction between downstream negative feedback and rising oil prices is the focus of the market. The polyester price is expected to be slightly stronger in the short - term, and the ethylene glycol price is expected to fluctuate widely, with a shock view [3][4] - **Rubber**: On Wednesday, the main contract of Shanghai rubber (RU2605) rose 185 yuan/ton to 16160 yuan/ton, and the NR main contract rose 175 yuan/ton to 13015 yuan/ton. In 2025, China's imports of natural and synthetic rubber increased. The rubber price rebounded under the macro - expectation warming, but the price elasticity decreased after the low - production season, and the inventory - accumulation pressure may suppress the price, with a shock view [5] - **Methanol**: On Wednesday, the Taicang spot price was 2257 yuan/ton. In January, the arrival volume decreased, but the MTO device load also decreased. The port de - stocking pressure will gradually appear. It is expected that methanol will maintain a bottom - shock state, but the tense situation in Iran may intensify the fluctuations, with a shock view [5] - **Polyolefins**: On Wednesday, the mainstream price of East China wire drawing was 6430 - 6550 yuan/ton. In January, the supply may decrease slightly due to some temporary maintenance and shutdowns of upstream devices. The demand will recover in the first half of January and decline in the second half. It is expected that polyolefins will still be in a bottom - shock state, with a shock view [5][6] - **Polyvinyl Chloride (PVC)**: On Wednesday, the prices in the East, North, and South China PVC markets showed different trends. The supply is at a high - level shock, and the domestic demand is slowing down. The 05 contract has a large premium. The export policy change will affect the price trend. It is expected that the PVC price will maintain a bottom - shock state, with a shock view [6] Daily Data Monitoring - Provides the basis price information of various energy and chemical products on January 15, 2026, including spot price, futures price, basis, basis rate, price increase and decrease, and the position of the latest basis rate in historical data [7] Market News - The commander - in - chief of the Iranian Islamic Revolutionary Guard Corps stated that they are ready to respond to any misjudgment of the enemy. Trump's envoy announced the second phase of the "20 - point plan" to end the Gaza conflict, and Trump said that the US would observe the development of the Iranian situation before making a decision, not excluding the possibility of military action [9] Chart Analysis - **Main Contract Prices**: Displays the closing price trends of the main contracts of various energy and chemical products from 2022 to 2026, including crude oil, fuel oil, low - sulfur fuel oil, asphalt, etc. [11][13][15] - **Main Contract Basis**: Presents the basis trends of the main contracts of various energy and chemical products, such as crude oil, fuel oil, low - sulfur fuel oil, etc. [28][31][35] - **Inter - period Contract Spreads**: Shows the spreads of different contracts of various energy and chemical products, such as fuel oil, asphalt, PTA, etc. [41][43][46] - **Inter - variety Spreads**: Displays the spreads between different varieties of energy and chemical products, such as crude oil internal and external spreads, fuel oil high - low sulfur spreads, etc. [57][59][61] - **Production Profits**: Presents the production profit trends of various energy and chemical products, such as LLDPE, PP, PTA, etc. [65][67] Team Member Introduction - Introduces the members of the Everbright Futures Energy and Chemical Research Team, including their positions, educational backgrounds, honors, and research directions [70][71][72]

14 January 2026 | 5:18PM EST Economics Research What's Top of Mind in Macro Research: Renewed Fed independence concerns, heightened geopolitical risk, less US inflation/China deflation This week: Transcript Jenny Grimberg +1(212)934-0199 | jenny.grimberg@gs.com Goldman Sachs & Co. LLC While we don't expect the DoJ's criminal investigation into Fed Chair Powell—and the broader threat to Fed independence that it underscores—to impact Fed policy for now, we find that a shift toward a less independent Fed would ...