长江期货贵金属周报 鹰派预期升温，价格大幅回调 2026/2/1 长江期货股份有限公司交易咨询业务资格：鄂证监期货字[2014]1号 【产业服务总部|有色产业中心】 研究员：汪国栋 执业编号：F03101701 投资咨询号：Z0021167 咨询电话：027-65777106 美黄金连：日线 美白银连：日线 目录 01 行情回顾 02 周度观点 03 海外宏观经济指标 04 当周重要经济数据 05 当周重要宏观事件和政策 06 库存 07 基金持仓 08 本周关注重点 01 行情回顾：上周 2500 3000 3500 4000 4500 5000 5500 美联储新一任主席沃什就任后的鹰派预期升温，黄金价 格回调。截至上周五，美黄金报收4908美元/盎司，周 内下跌1.5%，关注上方压力位5060，下方支撑位4750。 17.0000 37.0000 57.0000 77.0000 97.0000 117.0000 美联储新一任主席沃什就任后的鹰派预期升温，白 银价格大幅回调。截至上周五，周度跌幅17.4%，报 收85.3美元/盎司，关注下方支撑位78，上方压力位 90。 数据来源：ifind 长江期货有色 ...

南华期货鸡蛋产业周报 ——期现分歧加大 边舒扬（投资咨询证号：Z0012647 ） 投资咨询业务资格：证监许可【2011】1290号 2026年2月02日 第一章 核心矛盾及策略建议 1.1 核心矛盾 当前鸡蛋市场的矛盾体现为由春节备货驱动的"强现实"与市场对节后产能及需求的"弱预期"之间的激烈博弈。 现货市场呈现典型的"强现实"特征。受终端春节前集中备货的强劲需求拉动，市场走货速度明显加快，生产与 流通环节库存均维持在低位。在低库存与高需求的共同支撑下，产地鸡蛋价格持续走强，养殖环节盈利情况 得到显著改善。但是，当下的强现实造成的是市场对鸡蛋未来预期的担忧。产能去化进度虽在前期有所进 展，但随着盈利情况的改善，强烈刺激了养殖户的惜淘情绪 ，去化意愿逐步减弱甚至部分养殖户鸡苗补栏意 愿加强。总结来说就是短期不可持续的备货影响了长期供需平衡的修复。 中国鸡蛋主销区周度销量季节性 source： 南华研究 吨 2022 2023 2024 2025 2026 05/01 09/01 2500 5000 7500 10,000 淘汰鸡出栏季节性 source： 南华研究 万只 2022 2023 2024 2025 ...

热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 北京时间2月2日下午，泰国期货交易所宣布暂时停止黄金线上期货交易。 新浪合作大平台期货开户 安全快捷有保障 北京时间2月2日下午，泰国期货交易所宣布暂时停止黄金线上期货交易。 责任编辑：朱赫楠 新浪合作大平台期货开户 安全快捷有保障 责任编辑：朱赫楠 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 ...

Report Industry Investment Rating - Not provided in the content Core Viewpoints - The report presents the trading data of various index options on January 30, 2026, including trading volume, PCR, and VIX, to reflect the market conditions of index options [1][2][3] Summary by Directory Option Trading Volume - On January 30, 2026, the trading volume of Shanghai Stock Exchange 50 ETF options was 129.96 million contracts; the trading volume of CSI 300 ETF options (Shanghai Stock Exchange) was 128.78 million contracts; the trading volume of CSI 500 ETF options (Shanghai Stock Exchange) was 151.38 million contracts; the trading volume of Shenzhen 100 ETF options was 3.86 million contracts; the trading volume of ChiNext ETF options was 152.31 million contracts; the trading volume of Shanghai Stock Exchange 50 index options was 6.43 million contracts; the trading volume of CSI 300 index options was 13.48 million contracts; the total trading volume of CSI 1000 options was 37.92 million contracts [1] - The table shows the call, put, and total trading volumes of various index ETF options on the same day, such as the total trading volume of Shanghai Stock Exchange 50 ETF options was 111.10 million contracts [19] Option PCR - The turnover PCR of Shanghai Stock Exchange 50 ETF options was reported at 0.79, with a month - on - month change of +0.23; the open interest PCR was reported at 0.77, with a month - on - month change of - 0.08. Similar data for other types of options are also presented [2] - The table shows the turnover PCR, month - on - month change, open interest PCR, and month - on - month change of various index ETF options [34] Option VIX - The VIX of Shanghai Stock Exchange 50 ETF options was reported at 18.74%, with a month - on - month change of +0.39%. Similar data for other types of options are also presented [3] - The table shows the VIX and month - on - month change values of various index ETF options [47]

Group 1: Report Industry Investment Rating - No information provided Group 2: Core Viewpoints of the Report - In the short term, although external disturbance factors have intensified, the stock index itself maintains strong resilience driven by domestic capital. The space for short - term stock index shock adjustment is expected to be limited. Long - term investors can gradually build long positions during this period [7] Group 3: Summary by Relevant Catalogs Interest Rate and Bond Market - The closing price of DRO01 is 1.33, with a change of - 3.36bp compared to the previous value; DR007 is 1.59, with a change of 0.19bp; GC001 is 1.61, with a change of 0.50bp; SHBOR 3M is 1.59, with a change of - 0.20bp; GC007 is 1.61, with a change of - 1.50bp; LPR 5 - year is 3.50, with a change of 0.00bp; 1 - year treasury bond is 1.30, with a change of 0.02bp; 5 - year treasury bond is 1.58, with a change of - 0.23bp; 10 - year treasury bond is 1.81, with a change of - 0.97bp; 10 - year US treasury bond is 4.26, with a change of 2.00bp [4] - Last week, the central bank conducted 1761.5 billion yuan of reverse repurchase operations in the open market. With 1181 billion yuan of reverse repurchases due, the net injection was 580.5 billion yuan. In addition, 200 billion yuan of MLF matured last week, and 150 billion yuan of treasury cash fixed - deposit operations were carried out [4] - This week, 1761.5 billion yuan of reverse repurchases in the central bank's open market will mature, with 150.5 billion, 402 billion, 377.5 billion, 354 billion, and 477.5 billion yuan maturing from Monday to Friday respectively. Also, 700 billion yuan of 91 - day repurchase agreements will mature on Wednesday [5] Stock Index Futures and Stock Market - The closing price of CSI 300 is 4706, down 1.00% compared to the previous day; IF current - month contract is 4710, down 1.4%; SSE 50 is 3066, down 1.43%; IH current - month contract is 3068, down 1.8%; CSI 500 is 8371, down 1.73%; IC current - month contract is 8377, down 1.8%; CSI 1000 is 8255, down 0.93%; IM current - month contract is 8282, down 0.8% [6] - The trading volume of IF is 179201, up 12.1%; the open interest is 332644, up 2.8%; the trading volume of IH is 77049, down 10.3%; the open interest is 122366, down 4.6%; the trading volume of IC is 248185, up 21.5%; the open interest is 349459, down 1.2%; the trading volume of IM is 275842, up 11.2%; the open interest is 408840, down 0.7% [6] - Last week, CSI 300 rose 0.08% to 4706.3; SSE 50 rose 1.13% to 3066.5; CSI 500 fell 2.56% to 8370.5; CSI 1000 fell 2.55% to 8254.9. Among the Shenwan primary industry indices, communication (5.8%), non - ferrous metals (3.4%), agriculture, forestry, animal husbandry and fishery (1.8%), food and beverage (1.6%), and non - bank finance (1%) led the gains, while national defense and military industry (- 7.7%), power equipment (- 5.1%), automobile (- 5.1%), computer (- 4.8%), and comprehensive (- 4.7%) led the losses. The daily trading volumes of A - shares last week were 3280.6 billion, 2921.5 billion, 2992.3 billion, 3259.4 billion, and 2862.4 billion yuan respectively, and the average daily trading volume increased by 264.3 billion yuan compared to the previous week [6] - Last week, the selling pace of broad - based ETFs slowed down. For example, the scale of CSI 300ETF decreased by 95.8 billion yuan on January 27, and the reduction amplitudes on January 28 and 29 narrowed to 26.9 billion and 13.6 billion yuan respectively. On Friday, overseas disturbances intensified. The newly nominated Fed Chairman Waller is hawkish, the US dollar index rebounded sharply, the precious metals sector tumbled, and the US Nasdaq index fell sharply during the session, dragging down the A - share opening. However, due to the abundant liquidity of the A - share market itself and good bullish sentiment, the A - share market rebounded in a "V" shape [7] Futures Contract Premium and Discount - The premium and discount rates of IF are - 1.49% for the current - month contract, - 0.77% for the next - month contract, 0.37% for the current - quarter contract, and 1.74% for the next - quarter contract; for IH, they are - 1.07%, - 1.90%, - 1.16%, and 0.69% respectively; for IC, they are - 1.53%, 0.75%, 2.23%, and 3.06% respectively; for IM, they are - 6.41%, - 0.54%, 3.56%, and 4.99% respectively [8]

2月2日午后，现货黄金一度失守4500美元/盎司，为1月9日以来首次，日内重挫7.9%；截至发稿，报4533.66美元/盎司，跌7.38%； 现货白银一度跌超14%，截至发稿，跌11.49%，报75.46美元/盎司；纽约期银日内跌超5%，现报75.52美元/盎司。 | 贵金属 它 | | | | --- | --- | --- | | 伦敦金现 | 伦敦银现 | COMEX黄金 | | 4533.660 | 75.461 | 4623.9 | | -361.458 -7.38% | -9.798 -11.49% | -121.2 -2.55% | | COMEX白银 | SHFE黄金 | SHFE自银 | | 75.525 | 1019.20 | 24832 | | -3.006 -3.83% | -177.72 -14.85% | -5087 -17.00% | 国内期货市场上，黄金期货主力合约沪金2604一度跌超15%，触及1016元/克；此外，沪银主力合约跌停。 中金公司（601995）最新发布的研究报告分析称，金价显然已超越单纯的基本面主导，传统的黄金测算模型如实际利率已失效。影响更大的地缘与货币体 ...

rr C 国贸 n1X _120 TG 国 | 投资咨询业务资格:证监许可[ 2012 ]31号 [ TC 国贸期货 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 年到 在 | | | | | | | | 国贸期货研究院 | 投资咨询证:20017251 | 2026/02/02 | | | | | | 能源化工研究中心 陈胜 | 从业资格证:F3066728 = | | | | | | | 现货综述 | 指标 | 变动值 | 2026/01/29 | 2026/01/30 | | | | 65. 42 | WTT | 63.21 | 2.21 | 原油& | | | | 68. 4 | 70.71 | 2.31 | Brent | 石 脑 油 | 苯乙烯:江苏市场低开反弹,整理抬升。消息着, | 本 | | 11.5 | 石脑油 | 584. 5 | 596 | 乙烯主力合约回软,原油、纯苯、主力合约反弹,苯 | 乙烯盘面成交向好,货市场有点价商谈8000/8050 | | | 石烯 CFR东北亚 | 700 | 700 | 0 | ...

股指关注美元指数，债市 或震荡运行 2026-02-02 长江期货股份有限公司交易咨询业务资格：鄂证监期货字[2014]1号 长江期货股份有限公司研究咨询部 研究员：张志恒 执业编号：F03102085 投资咨询号：Z0021210 01 金融期货策略建议 目 录 重点数据跟踪 02 01 金融期货策略建议 资料来源：iFinD、长江期货 p 国债走势回顾：30年期主力合约跌0.23%，10年期主力合约涨0.06%，5年期主力合约涨0.01%，2年期 主力合约持平。 p 核心观点：《求是》杂志发表习近平总书记重要文章《走好中国特色金融发展之路，建设金融强国》。习近 平：发挥比较优势，坚持稳中求进，推动我国未来产业发展不断取得新突破。目前债市无显性重大利空，债 市总体上震荡偏多。但暂无更进一步推动利率下行的动力，经过年初以来的修复之后，配置盘可能已经建立 不少仓位。在当前位置上，如果不能吸引更多配置资金入场，债券收益率下方空间恐怕相当有限，债市可能 在一个相对比较窄的区间横盘，等待下一阶段主线的产生。国债或震荡运行。 p 技术分析：MACD指标显示T主力合约或震荡运行。 p 策略展望：震荡运行。 p 风险提示： ...

Group 1 - The domestic futures market for non-ferrous metals showed significant declines, with the main contract for tin on the Shanghai Futures Exchange hitting the limit down, falling by 11% to 392,650 yuan per ton [1] - The current trend for tin prices is a downward movement, with weak market performance observed [2] - Various institutions have provided insights on the future of tin prices, indicating a cautious approach due to high volatility influenced by market sentiment [2] Group 2 - GF Futures suggests that while supply-side recovery is gradually occurring, the low elasticity of the supply side and the long-term narrative of the AI arms race lead to a low bullish outlook for tin prices [2] - Donghai Futures notes a significant drop in precious metals, contributing to a clear decline in overall market sentiment, and anticipates further downward pressure on tin prices due to lack of fundamental support [2] - Wenkang Futures highlights a marginal easing in the supply-demand balance for tin ingots and a steady increase in inventory, predicting a substantial risk of short-term price correction [2]

Group 1 - The domestic precious metals sector faced significant losses on February 2, with the main contract for silver futures hitting the limit down [1] - Dongwu Futures believes that the short-term adjustment does not alter the long-term upward trend, and the fundamental drivers for the long-term rise in precious metals have not experienced a substantial reversal [1] - Guotou Anxin Futures points out that the nomination of Kevin Warsh as the new Federal Reserve Chairman by Trump triggered the sell-off, but the main factor is the accumulation of risks from previous excessive gains [1] Group 2 - Jinrui Futures indicates a short-term bearish outlook (1-2 weeks) and warns of liquidity risks, while the medium-term outlook (1-3 months) suggests that if the Federal Reserve resumes rate cuts or geopolitical tensions escalate, silver prices may recover [1] - The market is advised to avoid blind bottom-fishing and to be cautious of extreme volatility [1]