1. Report Industry Investment Rating - No relevant content provided 2. Core View of the Report - The pre - holiday market is cautious, and the aluminum price continues to fluctuate. After a sharp decline in the short - term aluminum price, the spot market sentiment has warmed. The future trend of the aluminum price will follow the prices of gold, silver, and copper, and may continue the oscillating trend. If the copper price continues to fall, it may drive the aluminum price to weaken, and the risk during the Spring Festival is relatively high. [3][4] 3. Summary According to Related Data Market Sentiment and Price Movements - Geopolitical events such as limited progress in US - Iran negotiations, US tariff hikes on countries trading with Iran, and the victory of Sanae Takaichi in Japan's election have led to sharp fluctuations in market sentiment. The US dollar has fallen continuously, the RMB has reached a new high, and the capital market has fully recovered. Gold and silver have risen sharply today, driving all non - ferrous metals to rise, including copper, tin, and nickel, as well as Shanghai aluminum, LME aluminum, and domestic spot aluminum. [3] Aluminum Price and Inventory Data - Today, the closing price of Shanghai aluminum is reported at 23,540, and the spot price is 23,400. The spot price is at a premium of - 140 points compared to the futures price. This week, Shanghai aluminum first rose and then fell, and the spot discount has narrowed slightly to - 200 yuan. After the sharp decline last week, the spot trading improved. [3] - This week, the social inventory of domestic electrolytic aluminum has increased significantly, the alumina inventory has increased slightly, and the aluminum inventory on the Shanghai Futures Exchange has increased significantly. The pre - holiday spot demand is poor. The LME inventory has decreased slightly, and the LME spot discount is - 22 US dollars, indicating poor overseas spot demand. [3] - This week, the RMB exchange rate has risen significantly, and the Shanghai - London ratio of aluminum prices has dropped to 7.61, with the internal and external markets showing generally the same trend. [3] Technical Analysis - Technically, today, US natural gas and US crude oil have continued to decline significantly, and LME aluminum has fallen, trading around 3,092 US dollars. Shanghai aluminum has risen today, closing at 23,540, with a technical form close to neutral. The trading volume of Shanghai aluminum has decreased while the open interest has increased, and the market sentiment is slightly bullish. [4] Aluminum Market Indicator Monitoring | Date | LME Aluminum - Futures - Spot Price Difference | Main Contract Shanghai - London Ratio | RMB Exchange Rate | Spot Premium/Discount | | --- | --- | --- | --- | --- | | February 3 | 6.9350 | - 220 | - 22 | 7.52 | | February 4 | 6.9411 | - 200 | - 23 | 7.65 | | February 5 | 6.9410 | - 170 | - 28 | 7.79 | | February 6 | 6.9298 | - 150 | - 26 | 7.70 | | February 9 | 6.9255 | - 200 | - 22 | 7.61 | [5]

Group 1: Report Industry Investment Rating - No information provided Group 2: Core Viewpoints of the Report - The market sentiment in the futures and financial markets has warmed up, and copper prices are fluctuating widely. The international situation is tense, which supports copper prices. However, after the confirmation of the successor to the Fed chair, policy uncertainty has increased, and the enthusiasm in the market has declined after the US copper broke through the previous high. The uncertainty in AI demand is relatively high, and there is pressure on the upside of copper prices. After a sharp drop at a high level, the sentiment in the spot market has warmed up, and it may continue to show a wide - range fluctuating trend in the short term [3][4] Group 3: Summary According to Related Contents Market Environment and Sentiment - The progress of the US - Iran negotiations is limited, the US has imposed additional tariffs on countries trading with Iran, and Japan's Takaichi Sanae won a major victory in the election, causing剧烈 fluctuations in market sentiment. The US dollar has been falling continuously, the RMB has reached a new high, and the capital market has fully recovered. Gold and silver prices have risen sharply today, driving up all non - ferrous metals, including copper, tin, and nickel [3] Copper Price and Market Performance - Today, LME copper rose and was trading around $13,070. SHFE copper soared and closed at 101,840. The trading volume and open interest of SHFE copper both decreased. Before the holiday, the market sentiment was cautious and trading was light. In the spot market, domestic spot demand has improved slightly, while LME copper spot demand is poor, but US copper buying continues. The external market ratio is stronger than the domestic market [4] Data Indicators - As of February 9, the RMB exchange rate was 6.9255, the spot premium was - 940 yuan/ton, the Yangshan copper premium dropped to $37.5/ton, the LME copper - spot - futures spread was - 71, and the ratio of SHFE copper's main contract to LME copper was 7.76. The domestic spot demand has improved after a sharp drop. The LME spot discount has narrowed to - 71 dollars, indicating insufficient external spot demand. This week, the US copper inventory continued to rise to a new high, the LME copper inventory increased, and the SHFE copper inventory increased. Before the holiday, the spot demand was poor [3][5]

来源：中国新闻网 中国期货交易市场1月成交额超100万亿元 同比增逾100% 1月上海品种成交额前三甲为白银、黄金、铜。 此外，中国金融期货交易所1月成交量约30.05百万手，成交额约26.35万亿元，分别占全国市场的3.29% 和26.28%，同比分别增长31.3%和42.02%。1月末中国金融期货交易所持仓总量较上月末增长19.38%。 1月金融期货成交额前三甲为中证1000股指期货、中证500股指期货、沪深300股指期货。(完) 中新社北京2月9日电 (记者 陈康亮)中国期货业协会9日披露的数据显示，以单边计算，1月全国期货交 易市场成交量约912.49百万手，成交额约100.26万亿元(人民币，下同)，同比分别增长65.09%和 105.14%。 其中，上海期货交易所1月成交量约307.67百万手，成交额约51.96万亿元，分别占全国市场的33.72%和 51.82%，同比分别增长102.4%和278.92%。1月末上海期货交易所持仓总量较上月末增长10.46%。 编辑：王永乐 广告等商务合作，请点击这里 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载 ...

Group 1 - The Shanghai Futures Exchange announced the trading arrangements for the Spring Festival in 2026, including a market closure from February 14 to February 23, with night trading resuming on February 24 [2] - The margin ratios and price fluctuation limits for various futures contracts will be adjusted starting from the market close on February 12, 2026, with specific percentages outlined for different commodities [2] - The price fluctuation limits and margin ratios will revert to their original levels after the first trading day without a one-sided market following February 24, 2026 [3] Group 2 - Specific adjustments include a 13% price fluctuation limit for copper, aluminum, zinc, and lead futures, with varying margin ratios for hedging and general positions [2] - Nickel and tin futures will have a 15% price fluctuation limit, with higher margin requirements for different types of positions [2] - Gold and silver futures will see significant adjustments, with price fluctuation limits set at 20% and 25% respectively, along with corresponding margin ratio changes [2]

股指期货全景日报 2026/2/9 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | | IF主力合约（2603） IH主力合约（2603） | 4721.2 3084.0 | +64.8↑ IF次主力合约（2602） +38.6↑ IH次主力合约（2602） | 4722.6 3083.6 | +64.8↑ +39.6↑ | | | IC主力合约（2603） | 8311.6 | +135.2↑ IC次主力合约（2602） | 8322.0 | +133.0↑ | | | IM主力合约（2603） | 8232.6 | +175.2↑ IM次主力合约（2602） | 8256.0 | +173.6↑ | | | IF-IH当月合约价差 | 1639.0 | +36.2↑ IC-IF当月合约价差 | 3599.4 | +98.6↑ | | 期货盘面 | IM-IC当月合约价差 | -66.0 | +47.8↑ IC-IH当月合约价差 | 5238.4 | +134.8↑ | | | IM-IF当月合 ...

1. Report's Industry Investment Rating - Not provided in the given content 2. Core Viewpoints of the Report - On February 9, 2026, the freight index (European line) futures prices fluctuated slightly, with the main contract EC2604 closing down 0.39% and the far - month contracts down between -1% and -1%. The latest SCFIS European line settlement freight rate index was 1657.94, down 134.2 points from last week, a 7.5% week - on - week decline. The cancellation of full - refund VAT for photovoltaic products may lead to a rush of shipments, boosting long - term contract cargo volume, but the price increase may be reversed later. China's foreign trade improved significantly in December 2025, which may be related to the cancellation of VAT export rebates and pre - holiday rush exports. It is expected that China's exports will maintain a high growth rate in 2026. Shipowners' price hikes from Asia to Northwest Europe and the Mediterranean may not meet expectations due to unchanged supply - demand patterns. The resumption of Red Sea Canal passage by Maersk and Hapag - Lloyd has implementation risks. The market is optimistic about the eurozone's economic recovery, supporting the expectation of the European Central Bank to keep interest rates unchanged. The current freight market is greatly affected by seasonal demand, and investors are advised to be cautious [1] 3. Summary by Relevant Catalogs 3.1 Futures Data - **Futures Prices**: The closing price of the EC main contract was 1238.00, down 4.8; the closing price of the EC secondary main contract was 1553, down 0.5. The EC2604 - EC2606 spread was -315.00, down 15.20; the EC2604 - EC2608 spread was -376.80, up 5.20. The EC contract basis was 554.14, down 6.80 [1] - **Futures Positions**: The main contract EC's open interest was 31132, down 295 [1] 3.2 Spot Price Data - **Freight Indexes**: The SCFIS (European line) (weekly) was 1657.94, down 134.20; the SCFIS (US West Coast line) (weekly) was 1155.66, up 54.26. The SCFI (composite index) (weekly) was 1266.56, down 50.19. The CCFI (composite index) (weekly) was 1122.15, down 53.44; the CCFI (European line) (weekly) was 1535.03, down 39.66 [1] - **Shipping - related Indexes**: The Baltic Dry Index (daily) was 1923.00, up 13.00; the Panamax Freight Index (daily) was 1652.00, up 7.00. The average charter price of Panamax ships was 0.00, unchanged; the average charter price of Capesize ships was 21150.00, up 136.00 [1] - **Container Ship Capacity**: The container ship capacity was 1227.97 (ten thousand TEUs), unchanged [1] 3.3 Industry News - **Geopolitical News**: Iran and the US ended nuclear negotiations in Oman, reaching a consensus on continued dialogue. The US and India reached a temporary trade agreement framework, with India reducing tariffs on US products and the US lowering the "counter - tariff" rate on Indian goods from 25% to 18. US President Trump cancelled the additional 25% tariff on Indian goods imported into the US due to India's import of Russian oil [1] - **Domestic Policy**: The State Council executive meeting studied measures to promote effective investment, aiming to use funds and new policy - based financial instruments in key areas and promote major projects [1] 3.4 Key Data to Watch - On February 10, 2026, key data to watch include the US January New York Fed 1 - year inflation expectation at 00:00, the French fourth - quarter ILO unemployment rate at 14:30, and multiple US economic data at 21:30 (December retail sales month - on - month rate, fourth - quarter labor cost index quarter - on - quarter rate, December import price index month - on - month rate) [1]

| 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | | 期货主力合约收盘价:白糖(日,元/吨) | 5261 | 33 主力合约持仓量:白糖(日,手) | 453913 | 7005 | | 期货市场 | 仓单数量:白糖(日,张) | 14461 | 87 期货前20名持仓:净买单量:白糖(日,手) | -65058 | 4017 | | | 有效仓单预报:白糖:小计(日,张) | 258 | -87 | | | | | 进口加工估算价(配额内):巴西糖(日,元/ | 4014 | 75 进口加工估算价(配额内):泰国糖(日,元/ | 4059 | 75 | | 吨) 现货市场 | 进口巴糖估算价(配额外,50%关税)(日,元 | 5083 | 吨) 98 进口泰糖估算价(配额外,50%关税)(日,元 | 5152 | | | | | | | | 108 | | /吨) | 云南昆明白糖现货价格(日,元/吨) | 5155 | 5 广西南宁白糖现货价格(日,元/吨) /吨) | 5310 | 10 | ...

1. Report Industry Investment Rating - No relevant information provided 2. Core View of the Report - The successful breakthrough in the first - round US - Iran nuclear talks has marginally warmed market sentiment. The rebound in risk appetite has pressured the US dollar to correct, leading to a collective rebound in the precious metals market. The price of the platinum main contract on the Guangzhou Futures Exchange has risen by over 10%. If the slowdown in employment and inflation is further verified, platinum and palladium may catch up in price with the boost of the financial attributes of gold and silver. In the short term, the trends of platinum and palladium may follow the rhythm of gold and silver, and high - volatility行情 may continue. In the medium - to - long term, the industrial logic of platinum and palladium still dominates the trading rhythm, and the supply - demand pattern differentiation may continue to drive the "platinum - strong, palladium - weak" market [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - Platinum main contract closing price: 545.05 yuan/gram, up 52.15 yuan; palladium main contract closing price: 438.15 yuan/gram, up 30.90 yuan - Platinum main contract open interest: 10387.00 lots, down 277.00 lots; palladium main contract open interest: 3179.00 lots, up 90.00 lots [2] 3.2 Spot Market - Shanghai Gold Exchange platinum spot price (Pt9995): 543.99 yuan/gram, up 16.00 yuan; Yangtze River palladium spot average price: 428.00 yuan/gram, up 40.00 yuan - Platinum main contract basis: - 1.06 yuan/gram, down 36.15 yuan; palladium main contract basis: - 10.15 yuan/gram, up 9.10 yuan - Platinum CFTC non - commercial long positions (weekly): 9966.00 contracts, down 243.00 contracts; palladium CFTC non - commercial long positions (weekly): 3003.00 contracts, down 342.00 contracts [2] 3.3 Supply and Demand Situation - 2025 estimated total platinum supply: 220.40 tons, down 0.80 tons; 2025 estimated total palladium supply: 293.00 tons, down 5.00 tons - 2025 estimated total platinum demand: 261.60 tons, up 25.60 tons; 2025 estimated total palladium demand: 287.00 tons, down 27.00 tons [2] 3.4 Macroeconomic Data - US dollar index: 97.61, down 0.35; VIX volatility index: 17.76; 10 - year US Treasury real yield: 1.88%, down 0.01 percentage points [2] 3.5 Industry News - The US - Iran nuclear talks in Oman ended, and the two sides reached a consensus on continuing dialogue. - The Fed Vice - Chair Jefferson is "cautiously optimistic" about the US economic outlook. - The preliminary value of the University of Michigan Consumer Sentiment Index in February in the US reached 57.3, the highest in six months, and the 1 - year inflation expectation dropped to 3.5%, the lowest in a year. - The People's Bank of China's gold reserves have increased for 15 consecutive months, reaching 74.19 million ounces by the end of January 2026, an increase of 40,000 ounces month - on - month. - US President Trump signed an executive order threatening to impose tariffs on countries that purchase sanctioned Iranian goods and services. - The US and India reached a temporary trade agreement framework, with India canceling or reducing tariffs on US industrial products, food, and agricultural products, and the US reducing the so - called "reciprocal tariffs" on Indian goods from 25% to 18% [2] 3.6 Key Points of Concern - US January retail sales data on February 10 at 21:30 - US January non - farm payrolls data on February 11 at 21:30 - US January CPI data on February 13 at 21:30 [2]

数据来源第三方，观点仅供参考。市场有风险，投资需谨慎！ 研究员：蔡跃辉 期货从业资格号: F0251444 期货投资咨询从业证书号: Z0013101 助理研究员: 陈星宇 期货从业资格号: F03146061 免责声明 锰硅硅铁产业日报 2026/2/9 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任何保证，据此投资，责任 自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本报告版权仅为我公司所有，未经书面许可，任 何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为瑞 达 研 究瑞达期货股份有限公司研究院，且不得对本报告进行有悖 原意的引用、删节和修改。 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | SM主力合约收盘价（日，元/吨） | 5,812.00 | -44.00↓ SF主力合约收盘价（日，元/吨） | 5,594.00 | -30.00↓ | | | SM ...

鸡蛋产业日报 2026-02-09 研究员: 许方莉 期货从业资格号F3073708 期货投资咨询从业证书号Z0017638 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为 瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货收盘价(活跃合约):鸡蛋(日,元/500千 | 2909 | 5 期货前20名持仓:净买单量:鸡蛋(日,手) | -9275 | 1839 | | | 克) 鸡蛋期货月间价差(5-9):(日,元/500千克) | -483 | -28 期货持仓量(活跃合约):鸡蛋(日,手) | 139465 | - ...