1月19日，A股三大股指早盘低开高走，冲高回落后窄幅震荡，截止午盘，沪指涨0.13%报4107.18点， 深成指跌0.01%报14280.05点，创业板指跌0.64%报3339.56点，科创50指数跌0.6%，报1505.01点；沪深 两市半日成交额1.79万亿，全市场超3300只个股上涨。 盘面上，电网设备概念爆发，中国西电、大连电瓷、广电电气等多股涨停。商业航天概念表现活跃，九 鼎新材、越秀资本双双涨停。旅游酒店概念走强，大连圣亚、九华旅游涨停。机器人概念震荡拉升，日 盈电子、浙江仙通涨停，五洲新春触及涨停。下跌方面，CPO概念震荡下挫，剑桥科技跌停。 热门板块 电网设备股再度爆发 机构观点 电网设备股再度爆发，国电南自、许继电气、中国西电、风范股份、大连电瓷等十余股涨停。 消息面上，华泰证券研报称，国网4万亿投资，利好电网设备商。看好全国统一电力市场建设加速推进 下，"十五五"期间电网投资保持稳步增长态势，跨省输电通道建设与西部薄弱电网补强需求明确，特高 压建设需求处于高位，主网投资有望继续保持较快增长。 旅游板块走高 旅游板块震荡走高，九华旅游涨停，大连圣亚、首旅酒店、宋城演艺、锦江酒店、长白山跟涨。 ...

2026年01月19日 星期一 商品期货早班车 招商期货-期货研究报告 黄金市场 | 招商评论 | | | --- | --- | | 贵 | 市场表现：周五贵金属探底回升，伦敦金维持在 4600 美元/盎司，伦敦银价收稳 90 美元/盎司。 | | 金 | 基本面：特朗普就格陵兰岛问题对欧洲八国发出关税威胁；特朗普改口称美联储候选人哈塞特可能继续留任 | | 属 | 白宫顾问；美联储理事鲍曼呼吁美联储准备降息，称美国就业市场仍然脆弱；特朗普表示暂缓对伊朗动武决 | | | 定，正向中东增派兵力；离岸人民币盘中逼近 6.96、再创 20 个月新高。国内黄金 ETF 继续流入 0.8 吨，COMEX | | | 黄金库存为 1123.8 吨，+0.1 吨；上期所黄金库存为 100.1 吨，-0.1 吨，SPDR 黄金 ETF 持仓为 1085.7 吨， | | | 10.9 吨；COMEX 白银库存为 13346 吨，-131.4 吨；上期所白银库存为 626.8 吨，-11.6 吨；iShares 白银 | | | ETF 持仓为 16073 吨，+11.3 吨；金交所白银上周库存 612 吨，-161 吨； ...

Group 1 - The main market experienced a net outflow of 17.805 billion yuan in principal funds as of January 19, one hour after the market opened [1] - The top ten sectors with inflows of principal funds included: Electric Grid Equipment (5.863 billion yuan), Wind Power Equipment (670 million yuan), Minor Metals (577 million yuan), Photovoltaic Equipment (574 million yuan), Precious Metals (551 million yuan), Electric Power Industry (486 million yuan), Power Equipment (457 million yuan), Tourism and Hotels (446 million yuan), Gaming (393 million yuan), and Glass Fiber (339 million yuan) [1][3] Group 2 - Electric Power Equipment sector received 457 million yuan in inflows, with Shanghai Electric being a notable company in this sector [3] - The Tourism and Hotels sector saw inflows of 446 million yuan, with China Duty Free Group as a key player [3] - The Gaming sector attracted 393 million yuan, with Giant Network being a significant company in this area [3] - The Glass Fiber sector had inflows of 339 million yuan, with Jiuding New Materials as a prominent company [3]

Core Insights - International gold and silver prices reached historical highs, with spot gold rising over 1% to $4649 and spot silver touching $94, up 4.4% in a single day [1][9] - The U.S. is imposing a 10% tariff on goods from Denmark, Norway, Sweden, and other countries starting February 1, due to their opposition to U.S. control over Greenland, while the EU is considering tariffs on $93 billion worth of U.S. goods [1][9] - Analysts at Xiangcai Securities suggest that the U.S. faces recession pressures, high sovereign debt, long-term trade deficits, and severe industrial hollowing, which are undermining the credibility of the U.S. dollar, leading to increased interest in gold as a global asset [1][9] Market Performance - The Huabao ETF (159876) continued its upward trend, reaching a peak of 0.62% intraday and currently up 0.53%, with a net subscription of 63 million units, reflecting strong investor interest in the non-ferrous metals sector [1][9] - Over the past 10 days, the ETF has attracted a total of 571 million yuan, indicating a positive outlook for the non-ferrous metals sector [1][9] Stock Performance - Xiamen Tungsten Industry led the gains with over 5% increase, followed by Baowu Magnesium, Shanjin International, and Tianshan Aluminum, all rising over 4% [3][11] - Notable weight stocks include Northern Rare Earth, which rose over 2%, and Shandong Gold, which increased by over 1% [3][11] ETF Details - As of January 16, the Huabao ETF (159876) reached a record size of 1.537 billion yuan, making it the largest ETF tracking the CSI Non-Ferrous Metals Index [12][11] - The ETF covers a wide range of sectors including copper, aluminum, gold, rare earths, and lithium, allowing investors to capture various market cycles [14][6]

格隆汇1月19日｜A股三大股指相继翻红。电网设备、贵金属、汽车整车、美容护理等方向领涨，沪深 京三市上涨个股近2700只。 ...

记者丨刘雪莹 编辑丨曾静娇 1月19日早上，黄金白银直线飙升，双双刷新历史新高！ 现货黄金一度站上4690美元/盎司关口，刷新历史高点，截至8:28，涨幅近1.8%。 | < ロ | | 伦敦金现 | | | | --- | --- | --- | --- | --- | | | | SPTAUUSDOZ.IDC | | | | 4675.900 | | 昨结 4595.515 开盘 | | 4595.860 | | +80.385 +1.75% | | 总量(kg) 0.00 现手 | | 0 | | 最高价 4690.880 | 持 仓 | 0 外 盘 | | 0 | | 最低价 4595.860 | | 增 仓 0 内 盘 | | 0 | | 分时 | 五日 日K 周K 月K 更多 | | | | | 叠加 | 均价: -- 盘口 | | | | | 4690.880 | 2.08% 卖1 4676.330 | | | 0 | | | 买1 4675.900 0 | | | | | | 08:28 4675.665 0 | | | | | | 08:28 4675.575 0 | | | | | 459 ...

| | | 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 19 日星期一 联系方式：liuyang18036@greendh.com | 板块 | 品种 | 多（空） | 推荐理由 【行情复盘】 | | --- | --- | --- | --- | | | | | COMEX 黄金期货跌 0.49%报 4601.10 美元/盎司，COMEX 白银期货跌 2.60%报 89.94 美元/盎司。沪金下跌 0.13%报 1031.66 元/克，沪银下跌 2.53%报 21998.0 元/千克。 【重要资讯】 1、截至 1 月 16 日，全球最大黄金 ETF--SPDR Gold Trust 持仓较上日大增 10.87 吨，当前持仓量为 1085.67 吨。全球最大白银 ETF--iShares Silver Trust 持仓较 上日增加 11.28 吨，当前持仓量为 16073.06 吨。 2、据 CME"美联储观察"：美联储 1 月降息 25 个基点的概率 5%，维持利率不变的 概率为 ...

Core Viewpoint - The A-share market opened lower with all three major indices declining, influenced by rising safe-haven demand due to Trump's tariff threats, leading to record highs in gold and silver prices [1] Market Performance - The Shanghai Composite Index opened down 0.27% at 4090.72 points [1] - The Shenzhen Component Index opened down 0.41% [1] - The ChiNext Index opened down 0.6% [1] Sector Movements - Precious metals sector opened higher due to increased demand for safe-haven assets [1] - AI application concept stocks continued to adjust downwards [1] Company Specifics - Rongbai Technology (688005) faced a limit down in trading after the China Securities Regulatory Commission initiated an investigation into misleading statements related to a significant contract announcement [1]

东吴证券近日发布有色金属行业跟踪周报：回顾本周行情(1月12日-1月16日)，有色板块本周上涨 3.03%，在全部一级行业中排名靠前。二级行业方面，周内申万有色金属类二级行业中贵金属板块上涨 6.86%，小金属板块上涨4.31%，工业金属板块上涨2.81%，能源金属板块上涨1.47%，金属新材料板块 下跌0.32%。工业金属方面，美国经济与通胀数据回升，降息预期下行工业金属价格冲高回落。贵金属 方面，地缘局势紧张推涨贵金属价格，预计降息预期下行背景下，贵金属上涨斜率将放缓。 铝：淡季效应凸显铝价回调，光伏短期强装有望提振铝需求。截至1月16日，本周LME铝报收3,134美 元/吨，周环比下跌0.06%；沪铝报收23,925元/吨，周环比下跌1.66%。供应端，本周内蒙地区持续释放 新增产能，理论开工产能升至4427万吨，周环比增加0.5万吨；需求端，本周铝板带箔企业产能利用率 环比下降0.16pct，铝棒产能利用率环比下降0.13pct，本周电解铝的理论需求有所下降，淡季效应充分显 现，本周电解铝社会库存环升4.44%至74.62万吨。本周美国整体降息概率有所下降，市场风偏下行；此 外淡季效应愈发凸显，下游加 ...

首席点 评： 地缘风险加剧，贵金属现货续创新高 美国总统特朗普近日宣布成立的所谓加沙 "和平委员会"，已向大约60个国家和国际组织发送了入会邀 请函。据称，法国、德国、意大利、匈牙利、澳大利亚、加拿大、欧盟委员会及中东主要国家均在被邀 请之列。不过目前各受邀国对这一邀请大多作出谨慎回应，只有匈牙利总理欧尔班明确接受了邀请。根 据披露的相关章程草案副本，该委员会将由特朗普担任"终身主席"，据称要"首先处理加沙冲突，之后 将扩展至应对其他冲突"。该委员会成员任期限制为三年，但支付10亿美元以资助该委员会活动可获得 永久成员资格。目前已有多名西方外交官指出，"这是一个'特朗普版联合国'，无视《联合国宪章》的 基本原则，似乎会破坏联合国的作用，令人担忧。现货黄金涨破4650美元/盎司关口，创历史新高。现 货白银涨超2%，重返92美元/盎司上方。此前特朗普就格陵兰岛问题发出关税威胁。 重点品种：原油、油脂、贵金属 原油 ： SC夜盘上涨1.48%。特朗普此前曾威胁要对伊朗进行干预，但现在采取了观望的态度，石油市 场地缘政治风险溢价降低。 由于特朗普周三与委内瑞拉代总统罗德里格斯进行了积极的电话通话，市 场情绪进一步转向 ...