智通财经APP获悉，山东墨龙(00568)涨超5%，截至发稿，涨5.37%，报4.51港元，成交额5.99亿港元。 消息面上，1月28日晚，山东墨龙发布公告，于2025年1月1日至2025年12月31日，预计净利润为正值且 属于扭亏为盈情形。归属于上市公司股东的净利润400万元至600万元，同比增长109.15%至113.73%； 扣除非经常性损益后的净利润亏损2850万元至2500万元，同比减少90.85%至91.97%。 值得关注的是，据新华社报道，美国总统特朗普1月28日在社交媒体上说，一支庞大的舰队正前往伊 朗，已准备好迅速履行其使命。他还称，希望伊朗能够迅速坐到谈判桌前。此举加剧了市场对中东地区 地缘政治风险可能扰乱石油供应的担忧。 ...

Group 1 - The core viewpoint of the articles highlights that international gold prices have surged, with spot prices and April futures exceeding $5,500 per ounce, driven by various fundamental factors [1][2] - The gold market's value has increased by over $3.5 trillion, with a year-to-date increase of approximately 20% as of January 2026 [1] - Concerns regarding the independence of the Federal Reserve, geopolitical risks, trade tensions, rising inflation pressures, and a declining dollar index are contributing to increased gold purchases by individual investors [1][2] Group 2 - Standard Chartered Bank notes that the demand for precious metals is not solely driven by speculation but is also supported by ongoing central bank demand [1] - Analysts suggest that the current rise in gold prices is driven by structural changes rather than technical buying, with prices moving from $4,000 to $5,500 in less than three months [1] - A report from XS.com indicates that the overall confidence in fiat currencies is weakening, and the stability of the global monetary and fiscal framework will influence future gold price trends [2] Group 3 - Most institutions maintain an optimistic outlook for gold prices, with Goldman Sachs predicting stability at $5,400 by the end of the year and Deutsche Bank forecasting a rise to $6,000 as the dollar weakens [2] - Market participants warn that the rapid increase in gold prices may lead to a technical correction in the short term [3]

地缘升温叠加偏鸽预期 贵金属延续强势表现 市场分析 利率方面，美联储维持基准利率在3.50%-3.75%不变，在连续三次降息25个基点后暂停行动，符合市场预期。美联 储主席候选人沃勒支持降息25个基点，与特朗普"钦点"理事米兰立场一致。美联储在声明中指出，失业率已现初 步企稳迹象，通胀仍处于相对高位，经济前景的不确定性依然较高。美联储主席鲍威尔在新闻发布会上表示，加 息并非任何人对下一步行动的基本假设，不相信美联储会丧失独立性，将建议下一届美联储主席远离政治。地缘 方面，美国总统特朗普再次对伊朗发出威胁称，下次对伊朗的打击将更加猛烈。特朗普称，一支庞大的舰队正前 往伊朗，已准备好迅速履行其使命。针对特朗普威胁，伊朗外长阿拉格齐表示，伊朗武装力量高度戒备，将对任 何针侵略作出迅速而果断的回应。 期货行情与成交量： 新能源及有色金属日报 | 2026-01-29 2026-01-28，沪金主力合约开于1146.80元/克，收于1186.20元/克，较前一交易日收盘变动3.29%。当日成交量为41087 手，持仓量为129725手。昨日夜盘沪金主力合约开于1189.60元/克，收于1196.80元/克，较昨日午后收 ...

2 2019 投资咨询业务资格:证监许可【2012】31号 ITG国贸期货 贵金属数据日报 | | | | | 国贸期货研究院 | | 投资咨询号:Z0013700 | | | 2026/1/29 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 贵金属与新能源研究中心 白素娜 | | 从业资格号:F3023916 | | | | | 内外盘金 | 日期 | 伦敦金现 | 伦敦银现 | COMEX黄金 | COMEX白银 | AU2602 | AG2602 | AU (T+D) | AG (T+D) | | 银15点价 | | (美元/盎司) | (美元/盎司) | (美元/盎司) | (美元/盎司) | (元/克) | (元/千克) | (元/克) | (元/千克) | | 格跟踪 | 2026/1/28 | 5264. 93 | 114. 87 | 5258.00 | 114. 88 | 1189.88 | 29031.00 | 1180. 50 | 29300.00 | | (本表数 | | | | | | ...

市场要闻与重要数据 1、 WTI原油涨1.5%，报63.481美元。布伦特原油涨1.38%，报67.58美元。（来源：Bloomberg） 原油日报 | 2026-01-29 美国打击伊朗风险仍在增加 下行风险：俄乌和谈达成协议，宏观黑天鹅事件 上行风险：制裁油（俄罗斯、伊朗、委内瑞拉）供应收紧、中东冲突导致大规模断供 2、 1月28日，美国国务卿鲁比奥称，特朗普政府准备动用武力，确保委内瑞拉代总统德尔西·罗德里格斯在最大程 度上与美国合作。鲁比奥表示，罗德里格斯承诺向美国公司开放委内瑞拉的能源部门，提供生产优惠准入，并将 石油销售所得用于购买美国商品。鲁比奥在参议院外交关系委员会的声明中表示："如果其他方法无效，我们准备 动用武力以确保委内瑞拉最大限度的合作。我们希望这种情况不会发生，但我们绝不会回避我们对美国人民的责 任以及我们在这个半球的使命。"（来源：Bloomberg） 3、 1月28日，非洲今年正吸引大型石油巨头前来投资，各企业计划在该地区钻探的高影响力勘探井数量预计将达 到其他任何地区的两倍以上，以寻求未来储备资源。根据数据，非洲以12口超深水钻井（预计深度达1500米及以 上）位居全球之首，此 ...

黄金价格再度上涨。1月29日，COMEX黄金期货、现货黄金均首次突破5500美元/盎司大关。针对贵金 属价格攀升与市场资金大幅涌入的态势，国内外机构正强化风控管理并加强投资者风险提示。 从5000到5500，接连突破多个整数关口 近期，现货黄金接连突破多个整数关口：1月26日早盘，突破5000美元；1月26日午后，突破5100美元； 1月28日早盘，突破5200美元；1月28日午后，突破5300美元；1月28日尾盘，突破5400美元；1月29日早 盘，突破5500美元。 国际金价的持续上涨，带动了国内实物黄金的持续上涨，部分金饰品牌黄金报价突破1700元/克。1月29 日，周大福金价报1706元/克，较昨日上涨88元/克；老凤祥金价报1713元/克，较昨日上涨93元/克；周 生生报价1708元/克，较昨日上涨94元/克。 岁末年初，传统婚庆等黄金刚需消费也进入旺季。金价的上涨，直接让这部分"刚需"支出大增。在不计 算品牌金店溢价以及工费的基础上，仅以中国黄金基础金价为标准，记者算了一笔账：1月1日，基准金 价974元/克，1月28日上涨到1175.6元/克。若有市民出于婚庆需求购买100克黄金，月初需要9.7 ...

分析人士表示，本轮黄金上涨的核心支撑是各国央行的资产配置需求。此外，美联储降息周期及地缘政 治风险也是重要影响因素。 不过分析人士也提醒，金价仍有上涨动力，但全球经济可能为其带来逆风。 1月29日，COMEX黄金期货、现货黄金均首次突破5500美元/盎司大关。COMEX黄金期货涨3.71%，报 5538.3美元/盎司；现货黄金涨1.9%，报5520.50美元/盎司。 受国际金价大幅上涨影响，国内黄金价格接连上涨，多品牌金饰克价稳定在1618元上方。 文/北京青年报记者 张鑫 编辑/宋霞 ...

王爷说财经讯： 大开眼界！史上第一次！ 你敢信吗？就在刚刚，国际金价像坐上了火箭，直接冲破了5500美元大关！ 注意了！这不是演习，也不是模拟盘。 北京时间1月29日，现货黄金在亚盘时段"高开高走"，不仅轻松踩碎5500美元的历史天花板，更是一度飙到5596美元，距离5600仅一步之遥。 仅仅这一周，金价就涨了10%；今年才过去不到一个月，竟然已经暴涨了27%！ 什么情况？这涨速比过山车还刺激，甚至超过了2024年全年的涨幅。 到底是谁在背后疯狂扫货？黄金这波狂飙是泡沫破裂前的最后狂欢，还是超级大牛市的刚刚开始？你手里的现金和资产，会不会在这场风暴里被无声收割？ 01、黄金为何"疯"了？三把火烧穿天花板 别只盯着K线图心跳加速，咱们得看懂背后的推手。 其实，这波金价暴走，本质上是三股力量的"共振"。 第一把火，是美元信用的"塌房"。 大家都知道，美元和黄金天生是死对头。但最近美元指数跌到了97以下，创了四个月新低。 为啥？ 因为特朗普上台后，又是威胁加关税，又是对格陵兰岛虎视眈眈，甚至放话"美元可能像溜溜球一样上下摆动"，暗示容忍弱美元走势。 这可不是大妈买首饰，是国家队在拼命！ 数据显示，全球央行正以年均6 ...

---趋势判断---- 基本面： 周四 （01月29日）白银早盘连续高位震荡反弹，突破考虑追涨布局方案，最新报117.38美元/盎司，避险情绪高涨：政治风云变幻：白银与铂金的同步狂 欢：黄金暴涨现货白银也紧随其后，周三收涨4.22%至116.69美元，周四早盘截止08:00，最高触及119.24美元，再度刷新历史高点，涨幅约2.2%。白银今年 以来涨幅逾60%，远超黄金，但渣打银行分析师在报告中警告，多项白银指标显示银价短期内可能面临回调。这表明贵金属市场整体处于高热状态，但银价 的波动性可能更大，投资者需警惕潜在调整。地缘政治风暴：美伊冲突升级成金价最大推手地缘政治紧张无疑是本轮金价暴涨的核心驱动力，特别是美国与 伊朗之间的剑拔弩张，让市场充斥着战争阴霾。担忧美国打击伊朗的传闻不断发酵，推动避险买盘持续涌入。 土耳其外交部长费丹与伊朗外长阿拉格齐在24小时内两次通电话，重点讨论了缓解当前地区紧张局势的相关努力。在公开表态中，费丹明确表示再次发动战 争是错误的，他指出针对伊朗采取军事行动不仅无法解决问题，反而会使地区陷入更深层次的不稳定。费丹披露，伊朗方面已准备好就核问题重新启动谈 判，并向美方提出建议，采取 ...

1. Report Industry Investment Ratings - Cautious Sell: Natural Gas [6] - Short Rebound: Crude Oil, LPG, L, PP, Asphalt [1][6] - Short Consolidation: PVC, Glass, Soda Ash [1][6] - Bullish: PTA [2] - Cautious Buying on Dips: Methanol [4] - Cautious Chasing Ups: Ethylene Glycol, Urea [2][4] 2. Core Views of the Report - The uncertainty in the Middle East has increased, leading to a stronger oil price. However, there is an oversupply of crude oil during the off - season, and the downward pressure on oil prices is large [1][9]. - LPG follows the cost - end rebound, and attention should be paid to the Saudi CP contract price at the end of the month. The upstream crude oil supply exceeds demand, and the price center is expected to continue to move down [1][15]. - L and PP continue to rebound with cost support, but their fundamentals are weak in both supply and demand [16][20]. - PVC's high inventory restricts the rebound space, with a pattern of high inventory and weak demand in the long - term [24]. - PTA accumulates inventory before the Spring Festival, but the outlook is positive, and investors can buy on dips [28]. - Ethylene Glycol rebounds due to supply - side disturbances, but there is a risk of inventory accumulation in January and February [31]. - Methanol has a slightly loose supply - demand situation, and short - term benefits are brought by geopolitical conflicts and cold weather [4]. - Urea has strong supply and demand, but the downstream demand enters the holiday off - season, and caution is needed when chasing up [39]. - The impact of the cold wave on natural gas prices has weakened, and prices have fallen. The supply is relatively sufficient, and the upward space of gas prices is limited [45]. - The asphalt valuation is high, and there is a short - term risk of correction [47]. - Glass has weak supply and demand, and it fluctuates within a range. Attention should be paid to the reduction of supply [52]. - Soda Ash has a reduction in warehouse receipts and is in a short - side consolidation state. Caution is needed when chasing up [56]. 3. Summaries According to Related Catalogs 3.1 Crude Oil - **Market Performance**: Overnight international oil prices rebounded strongly. WTI rose 1.30%, Brent rose 1.17%, and domestic SC rose 1.47% [8]. - **Basic Logic**: In the short - term, the cold wave in the Northern Hemisphere has damaged US crude oil production, and the repeated geopolitical situation in the Middle East has increased the geopolitical premium. In the long - term, there is an oversupply of crude oil during the off - season, and the global crude oil inventory is accelerating the accumulation [9]. - **Fundamentals**: Supply has decreased in the US due to the cold wave, and India's diesel exports to West Africa reached a record high in December. Demand: India's crude oil imports in December increased by 1.6% month - on - month. Inventory: As of the week of January 23, US crude oil inventory decreased by 2.295 million barrels [10]. - **Strategy Recommendation**: In the long - term, OPEC+ is expanding production to lower prices. In the short - term, it is in a rebound trend. Attention should be paid to the production changes in non - OPEC+ regions and the geopolitical situation in the Middle East. The SC range to watch is [455 - 465] [11]. 3.2 LPG - **Market Performance**: On January 28, the PG main contract closed at 4,269 yuan/ton, a decrease of 0.40% [13]. - **Basic Logic**: It mainly follows the cost - end oil price. In the short - term, the oil price rebounds due to geopolitical disturbances, and in the long - term, it is under pressure. The supply is stable, and the downstream chemical demand is weak with inventory accumulation [14]. - **Strategy Recommendation**: In the long - term, the upstream crude oil supply exceeds demand, and the price has room for compression. In the short - term, the cost - end oil price has increased uncertainty. The PG range to watch is [4250 - 4350] [15]. 3.3 L - **Market Performance**: The L05 contract rose 1.0% [17]. - **Basic Logic**: It follows the cost - end to fluctuate strongly. The two - oil petrochemical inventory has no obvious pressure, and the upstream ex - factory price is strong. However, the demand for agricultural films is in the off - season, and there is no upward driving force in supply and demand [19]. - **Strategy Recommendation**: The range to watch is [6900 - 7100] [19]. 3.4 PP - **Market Performance**: The PP05 contract rose 1.0% [21]. - **Basic Logic**: It follows the crude oil to fluctuate strongly in the short - term due to the cold wave and geopolitical conflicts. The fundamentals are weak in both supply and demand, and the PDH profit is compressed, increasing the expectation of maintenance [23]. - **Strategy Recommendation**: The range to watch is [6700 - 6900] [23]. 3.5 PVC - **Market Performance**: The V05 contract had little change [25]. - **Basic Logic**: There is a game between high inventory and low profit, and it is in a volatile state. There is a short - term export rush, but the long - term supply and demand are expected to weaken, and the high - inventory structure is difficult to change [27]. - **Strategy Recommendation**: The range to watch is [4800 - 5000] [27]. 3.6 PTA - **Market Performance**: The TA05 contract decreased by 30 yuan/ton [28]. - **Basic Logic**: The valuation is not low, and the processing fee has improved. The supply - side devices are under planned maintenance, and the downstream demand is seasonally weak. There is seasonal inventory accumulation in January and February, but the outlook is positive [29]. - **Strategy Recommendation**: Pay attention to the opportunity to buy on dips for the 05 contract. The TA05 range to watch is [5248 - 5388] [30]. 3.7 Ethylene Glycol - **Market Performance**: The EG05 contract remained unchanged [31]. - **Basic Logic**: The valuation is relatively low. The domestic load has increased overall, and the overseas devices have some changes. The downstream demand is seasonally weak, and the port inventory is accumulating [32]. - **Strategy Recommendation**: Pay attention to the opportunity to short on the rebound. The EG05 range to watch is [3895 - 3980] [33]. 3.8 Methanol - **Market Performance**: Not specifically mentioned [34]. - **Basic Logic**: The absolute valuation is not low, and the comprehensive profit is weak. The domestic device operating load has declined from a high level, and the overseas devices have slightly increased the load. The demand has weakened slightly, and the cost support is weak and stable [36]. - **Strategy Recommendation**: There is pressure on the supply side, and the demand is weak. The MA05 range to watch is [2295 - 2355] [38]. 3.9 Urea - **Market Performance**: The UR05 contract had a small increase [39]. - **Basic Logic**: The absolute valuation is not low, and the comprehensive profit is good. The overall operating load has been increasing, and the demand is strong in the short - term. However, the downstream demand is entering the holiday off - season, and the support is expected to weaken [40]. - **Strategy Recommendation**: Be cautious when chasing up. The UR05 range to watch is [1780 - 1810] [42]. 3.10 Natural Gas - **Market Performance**: On January 27, the NG main contract closed at $3.776 per million British thermal units, a decrease of 2.00% [44]. - **Basic Logic**: Affected by the cold wave in the United States, the gas price soared in the short - term and is now falling as the impact of the cold wave fades. The supply is relatively sufficient [45]. - **Strategy Recommendation**: Although the demand is supported during the winter consumption peak, the upward space of gas prices is limited. The NG range to watch is [3.655 - 4.080] [46]. 3.11 Asphalt - **Market Performance**: On January 28, the BU main contract closed at 3,410 yuan/ton, a rise of 131 yuan/ton [49]. - **Basic Logic**: The raw material end is favorable, and the oil price rebounds due to geopolitical uncertainties. However, the basis is weak, and there is a short - term risk of correction. The supply and demand are relatively loose, and the inventory is rising [50]. - **Strategy Recommendation**: The valuation is returning to normal, but there is still room for compression. Pay attention to the geopolitical situation in the Middle East. The BU range to watch is [3350 - 3450] [51]. 3.12 Glass - **Market Performance**: The FG05 contract rose slightly [53]. - **Basic Logic**: The fundamentals are weak in both supply and demand, and the enterprise inventory is at a high level. The demand is in the seasonal off - season, and the supply needs to be further reduced to digest the high inventory [55]. - **Strategy Recommendation**: Be cautious when chasing up before the cold - repair is further realized. The FG range to watch is [1050 - 1100] [55]. 3.13 Soda Ash - **Market Performance**: The SA05 contract rose slightly [57]. - **Basic Logic**: The warehouse receipts are decreasing, and the basis is slightly strengthening. The real - estate demand is weak, and the demand for heavy soda ash is insufficient. The supply is under pressure, and the factory inventory is slowly decreasing [59]. - **Strategy Recommendation**: Be cautious when chasing up before the maintenance is further intensified. The SA range to watch is [1190 - 1240] [59].