通知称，其将于当地时间1月9日盘后，全面上调黄金、白银、铂金、钯金期货品种的履约保证金。此 外，大部分天然气合约的保证金将被下调。芝商所称，保证金的调整是基于对市场波动性以确保充足的 抵押品覆盖的审查做出的。 【最新现货黄金行情解析】 隔夜黄金再度上演深V反转，大阳线自4407一线强势拉升至4480，充分展现多头韧性。每次回落均被大 阳线迅速收复，且下方收出长下影线，止跌信号明显，彰显多头"打不死"的劲头。 四小时图连续两根大阳线，从均线下方发力直接突破阻力区，虽有上影线，但大阳实体完全覆盖，形成 吞没上行格局，跌势难以延续。上方4502附近仍是目标位。晚间将公布美国非农数据，预测值仅6万 人，而周三ADP仅4.1万，明显低于预期，黄金大概率受益利多。 摘要今日周五(1月9日)亚盘时段，现货黄金最新报价1001.92元/克，较前一交易日下跌3.07美元，跌幅 0.31%，日内高位盘整。当日开盘价1004.62元/克，最高价1006.30元/克，最低价999.37元/克。 今日周五(1月9日)亚盘时段，现货黄金最新报价1001.92元/克，较前一交易日下跌3.07美元，跌幅 0.31%，日内高位盘整。当日开盘价 ...

(本文来自第一财经) 芝商所（CME）当地时间8日发出通知，上调贵金属品种履约保证金，这是其近一个月以来第三次发出 此类通知。通知称，其将于当地时间1月9日盘后，全面上调黄金、白银、铂金、钯金期货品种的履约保 证金。此外，大部分天然气合约的保证金将被下调。芝商所称，保证金的调整是基于对市场波动性以确 保充足的抵押品覆盖的审查做出的。 ...

格隆汇1月8日｜伦敦金属交易所(LME)2025年金属交易量创历史新高，同比增长7.9%。 ...

Core Viewpoint - The Intercontinental Exchange (ICE) agricultural futures showed mixed performance on January 7, with sugar futures rising while cotton and cocoa futures declined [1] Group 1: Commodity Performance - Sugar futures increased by 1.42%, closing at 14.97 cents per pound [1] - Cotton futures decreased by 0.31%, closing at 64.86 cents per pound [1] - Cocoa futures fell by 0.34%, closing at $5,934.00 per ton [1] - Coffee futures saw a slight increase of 0.11%, closing at 374.25 cents per pound [1]

【导读】上期所连发多条公告提示风险、调整交易限额等 中国基金报记者 李智 1月7日，上海期货交易所（以下简称上期所）连发多条公告提示风险、调整交易限额等。 | 公告通知 | | | --- | --- | | · 关于调整白银期货相关合约交易保证金比例和涨跌停板幅度的通知 | 2026-01-07 | | · 关于调整白银期货合约交易限额的通知 | 2026-01-07 | | · 关于做好市场风险控制工作的通知 | 2026-01-07 | | · 关于调整白银等期货品种相关合约交易手续费的通知 | 2026-01-07 | | · 关于对部分客户采取限制开仓监管措施的公告 | 2026-01-07 | | · 关于2025年12月自律监管信息的公告 | 2026-01-07 | 公告称，近期国际形势复杂多变，金属品种波动较大，请各有关单位采取相应措施，提示投 资者做好风险防范工作，理性投资，共同维护市场平稳运行。 同日，上期所发布关于调整白银期货合约交易限额的通知。根据《上海期货交易所风险控制 管理办法》的有关规定，经研究决定，自2026年1月9日（即1月8日夜盘）交易起，非期货公 司会员、境外特殊非经纪 ...

Group 1: Macroeconomic and Market Analysis - The China Logistics and Purchasing Federation reported a logistics industry prosperity index of 52.4% for December 2025, an increase of 1.5 percentage points month-on-month, marking the highest level of the year, indicating sustained demand in the real economy logistics business [1][6] - Key indicators such as the total business volume index, equipment utilization index, new orders index, capital turnover index, and employment index are all in the expansion range and have rebounded month-on-month [1][6] - By region, the business volume indices for the eastern, central, and western regions are 51.7%, 52%, and 52.9%, respectively, with month-on-month increases of 1.2, 1.0, and 1.7 percentage points [1][6] Group 2: Peripheral Markets and Related Assets - On Tuesday, the three major U.S. stock indices closed higher, with the Dow Jones rising by 0.99% to reach a new high, the Nasdaq increasing by 0.65%, and the S&P 500 up by 0.62% [3][8] - Among large tech stocks, Microsoft rose over 1%, Amazon increased over 3%, while Nvidia slightly declined, and Apple, Google, and Tesla fell by over 1%, 1%, and 4%, respectively [3][8] - The Nasdaq Golden Dragon China Index fell by 0.82%, with significant declines in stocks such as Haitong Network down 15.27%, and others like Artis, BOSS Zhipin, and Tims China down over 6% [3][8] Group 3: Commodity Market Dynamics - In the domestic commodity futures market, the main contract for nickel on the Shanghai Futures Exchange hit the daily limit with an increase of 8%, priced at 147,720 yuan per ton; London nickel rose over 10%, reaching the highest level since June 2024 at 18,735 USD per ton [4][9] - Additionally, the main contract for stainless steel rose by 4% to 13,895 yuan, tin increased by 5% to 357,920 yuan, and coking coal and alumina rose by 6% and 5%, respectively, with glass and soda ash contracts also increasing by over 4% [4][9] - In the international precious metals market, spot gold surpassed 4,500 USD per ounce, and New York futures gold exceeded 4,510 USD per ounce; spot silver and New York futures silver both broke through 82 USD per ounce, with daily increases exceeding 0.9% [4][9] Group 4: Important Announcements from Listed Companies - Xiaomi Group issued a penalty statement regarding the involvement of KOLs, stating that the responsible personnel were dismissed, and the Group's Vice President and CMO Xu Fei, along with the Public Relations General Manager Xu Jieyun, were criticized for management failures, resulting in the deduction of related performance for 2025 and cancellation of annual bonuses [5][10]

Group 1 - The Intercontinental Exchange (ICE) agricultural futures saw most contracts rise on January 6, with raw sugar futures increasing by 0.20% to 14.76 cents per pound [1] - Cotton futures rose by 0.76% to 65.14 cents per pound [1] - Cocoa futures declined by 1.45% to $5,989.00 per ton [1] - Coffee futures surged by 3.55% to 372.10 cents per pound [1]

Core Viewpoint - The China Securities Regulatory Commission has approved the registration of coking coal options on the Dalian Commodity Exchange, with trading set to begin on January 16, 2026, marking a significant development in risk management tools for the steel and coal chemical industries [1][3]. Group 1: Trading Details - Coking coal options will be traded from 8:55 AM to 9:00 AM for collective bidding, followed by regular trading starting at 9:00 AM, with night trading commencing on the same day [1]. - The first contracts will be based on futures contracts JM2604 through JM2612, with a trading fee of 0.5 yuan per contract and a position limit of 8,000 contracts [1][2]. Group 2: Contract Design - The design of coking coal options aligns with existing options on the Dalian Commodity Exchange, featuring both call and put options, with a minimum price fluctuation of 0.1 yuan per ton [2]. - The strike prices will cover a range of 1.5 times the price fluctuation limits of the underlying futures, with varying intervals based on price levels [2]. Group 3: Market Context and Demand - Since the launch of coking coal futures in 2013, the market has seen stable operations and increasing scale, with a daily average trading volume of 1.04 million contracts and a daily average open interest of 670,000 contracts as of November 2025 [3]. - The volatility in coking coal prices due to supply and demand factors has heightened the need for refined risk management tools among industry players [3]. Group 4: Industry Impact - The introduction of coking coal options is expected to enhance the risk management capabilities of enterprises in the coal and steel industries, allowing for more flexible hedging strategies [4]. - The options will enable companies to optimize their hedging strategies and improve capital efficiency, thereby supporting the high-quality development of the real economy [4].

近日，中国证监会发布通知，同意大连商品交易所（以下简称"大商所"）焦煤期权注册。2025年12 月31日，大商所发布焦煤期权合约和焦煤期权上市交易有关事项的通知（以下简称"通知"），对焦煤期 权的上市交易时间、交易合约、挂牌基准价等事项进行了明确。 在交易合约方面，首日挂牌的焦煤期权合约从JM2604开始，首批合约分别以JM2604、JM2605、 JM2606、JM2607、JM2608、JM2609、JM2610、JM2611、JM2612期货合约为标的。 格林大华期货研究员纪晓云表示，焦煤期权上市后，产业企业一方面可以优化套保策略，针对自身 经营面临的焦煤现货敞口风险，形成"期货+期权"组合拳进行动态套保；另一方面，通过焦煤期权管理 价格波动风险，企业可以减少资金占用，也可以通过卖出期权等方式增加企业收益，降低风险管理成 本，优化资金使用效率。 在手续费和持仓限额方面，焦煤期权交易手续费为0.5元/手，套期保值交易手续费减半收取，行权 履约手续费与交易手续费相同，持仓限额为8000手。此外，大商所还在通知中明确了焦煤期权的挂牌基 准价、交易指令、行权与履约、组合保证金、相关费用、做市商制度及合约询价等内 ...

Group 1 - The Intercontinental Exchange (ICE) agricultural futures saw a broad increase in prices on January 5, with all major contracts closing higher [1] - Raw sugar futures rose by 0.82%, closing at 14.72 cents per pound [1] - Cotton futures increased by 0.98%, ending at 64.64 cents per pound [1] - Cocoa futures experienced a significant rise of 3.51%, reaching $6077.00 per ton [1] - Coffee futures saw a modest increase of 0.49%, closing at 359.05 cents per pound [1]