截止收盘，伦铜报12702美元跌164美元，跌幅1.27%；伦铝报3088美元涨4.5美元，涨幅0.15%；伦锌报 3131美元跌29美元，跌幅0.92%；伦铅报2016.5美元跌42美元，跌幅2.04%；伦锡报43675美元跌975美 元，跌幅2.18%；伦镍报17065美元跌590美元，跌幅3.34%。 新浪合作大平台期货开户 安全快捷有保障 长江有色网1月9日早讯：周四晚间LME金属期货大多下跌，伦镍继续领跌。 ...

来源：上海有色网 截至今日15:07分行情 | 初始 代码 | | Hok | * @ | | 最新 涨幅% | 张跌 | 总量 | 现量 | 买入价 | 英出价 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 3 | ecm | 欧线集运 主语 | # | 1779.1 | -3.62 | -66.9 | 4.36万 | 3 | 1779.8 | 1779.9 | | 8 | CLOOY | NYMEX原油 | ਵ | 56.23 | -1.58 | -0.90 | 6.81 万 | 78 | 56.22 | 56.24 | | ਰੇ | BOOY | 布伦特原油当月 ... 4 | | 59.97 | -1.20 | -0.73 | 5.46万 | 1 | 59.96 | 59.98 | | 10 | jmm | 焦煤主连 | 1 | 1164.0 | 7.98 | 86.0 | 126万 | 126 | 1164.0 | | | 11 | jm | 焦炭主连 | @ | 1773.0 | 7.98 | 131 ...

截止收盘，伦铜报13254.5美元涨167美元，涨幅1.28%；伦铝报3133.5美元涨43.5美元，涨幅1.41%；伦 锌报3245.5美元涨37.5美元，涨幅1.17%；伦铅报2071美元涨41.5美元，涨幅2.04%；伦锡报44500美元涨 1940美元，涨幅4.56%；伦镍报18430美元涨1140美元，涨幅6.59%。 长江有色网1月7日早讯：周发给晚间LME金属期货全线续涨。伦铜屡刷新高；伦镍暴涨超6%收自2024 年6月初以来最高水平。 新浪合作大平台期货开户 安全快捷有保障 ...

Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - For the stock index, at the beginning of the year, institutional allocation funds are expected to flow back into the market, and with the unchanged policy support for the capital market, the medium - to long - term strategy is mainly to go long on dips [2][3]. - For treasury bonds, the improvement of market expectations for the economy may put pressure on the bond market. Although the central bank maintains an attitude of caring for funds, the bond market is expected to be weak and volatile in the first quarter, mainly affected by the spring rally in the stock market, government bond supply, and interest - rate cut expectations [4][6]. - For precious metals, there may be a short - term significant correction in January, but it does not mean the end of the upward cycle of gold and silver. In the long term, there are expectations of loose fiscal and monetary policies [7][8]. - For non - ferrous metals, most non - ferrous metals are affected by factors such as supply - demand relationships, cost, and market sentiment, with different trends. For example, copper prices are expected to slow down in their upward trend; aluminum prices are expected to be volatile and strong; zinc prices are expected to be volatile in the medium term and strong in the short term; lead prices are expected to be weak in the short term; nickel prices may have bottomed out in the short term; tin prices are expected to fluctuate with market sentiment; and the prices of some non - ferrous metal products such as stainless steel and casting aluminum alloy also have their own trends [10][11][13] [16][17][18]. - For black building materials, steel prices are expected to continue to oscillate in the bottom range; iron ore prices are expected to oscillate, with upside space limited by high inventory and supply expectations and downside supported by restocking expectations; glass prices may have some upward potential; and the supply - surplus pattern of soda ash has not changed fundamentally [32][33][35]. - For energy chemicals, different products have different trends. For example, rubber is recommended to be observed; the valuation of heavy - oil products in crude oil is expected to increase; methanol is considered to have the feasibility of going long on dips; urea is recommended to take profits on rallies; and the trends of pure benzene, styrene, and other products are also affected by factors such as cost, supply, and demand [49][50][55]. - For agricultural products, the short - term logic of rising pig prices is strong, but the medium - term support may collapse; egg prices have limited upside and downside space; the prices of soybean meal and rapeseed meal are expected to oscillate; the current fundamentals of oils and fats are weak, but the medium - and long - term expectations are optimistic; sugar prices may rebound after the northern hemisphere's harvest; and cotton prices are recommended to go long on dips after a correction [78][79][83]. Summary by Relevant Catalogs Stock Index - **Market Information**: The CSRC will strengthen the coordination of administrative, criminal, and civil actions to combat financial fraud. Goldman Sachs recommends overweighting Chinese stocks, expecting a 15% - 20% annual increase in 2026 and 2027. The basis ratios of stock - index futures are provided [2]. - **Strategy Viewpoint**: At the beginning of the year, institutional allocation funds are expected to flow back into the market, and with policy support, the medium - to long - term strategy is to go long on dips [3]. Treasury Bonds - **Market Information**: The prices of Treasury bond futures contracts have different changes. The National Development and Reform Commission has introduced policies for Yangtze River protection projects. The central bank conducted 135 billion yuan of 7 - day reverse repurchase operations, with a net withdrawal of 4688 billion yuan [4]. - **Strategy Viewpoint**: The improvement of economic expectations may put pressure on the bond market. Although the central bank maintains an attitude of caring for funds, the bond market is expected to be weak and volatile in the first quarter, mainly affected by the spring rally in the stock market, government bond supply, and interest - rate cut expectations [6]. Precious Metals - **Market Information**: The prices of Shanghai gold and silver, and COMEX gold and silver have increased. Weak US manufacturing PMI data and geopolitical issues have strengthened the expectations of the Fed's loose monetary policy, leading to a short - term increase in precious - metal prices [7]. - **Strategy Viewpoint**: There may be a short - term significant correction in January, but it does not mean the end of the upward cycle of gold and silver. In the long term, there are expectations of loose fiscal and monetary policies [8]. Non - Ferrous Metals Copper - **Market Information**: The price of LME copper has reached 13,000 US dollars for the first time. The price of domestic copper has continued to be strong, with changes in inventory and basis [10]. - **Strategy Viewpoint**: The upward trend of copper prices is expected to slow down, with support from supply - side factors and pressure from demand - side factors [11]. Aluminum - **Market Information**: The prices of domestic and international aluminum have accelerated their upward movement, with changes in inventory and basis [12]. - **Strategy Viewpoint**: Aluminum prices are expected to be volatile and strong, affected by factors such as supply - side disturbances and the high prices of precious metals and copper [13]. Zinc - **Market Information**: The prices of zinc futures and spot have changed, with changes in inventory and basis [14][15]. - **Strategy Viewpoint**: Zinc prices are expected to be volatile in the medium term and strong in the short term, affected by factors such as inventory and supply - demand relationships [16]. Lead - **Market Information**: The prices of lead futures and spot have changed, with changes in inventory and basis [17]. - **Strategy Viewpoint**: Lead prices are expected to be weak in the short term, affected by factors such as inventory and market sentiment [17]. Nickel - **Market Information**: The price of nickel has oscillated, with changes in spot premiums and cost factors [18]. - **Strategy Viewpoint**: The short - term bottom of nickel prices may have appeared, and it is recommended to observe in the short term [18]. Tin - **Market Information**: The price of tin has increased, with changes in supply, demand, and inventory [20][21]. - **Strategy Viewpoint**: Tin prices are expected to fluctuate with market sentiment, and it is recommended to observe [22]. Carbonate Lithium - **Market Information**: The price of carbonate lithium has increased, with changes in futures prices and inventory [23]. - **Strategy Viewpoint**: The fundamentals of carbonate lithium are expected to improve, but there are concerns about demand if prices remain high. It is recommended to observe or take a light - position attempt [23]. Alumina - **Market Information**: The price of alumina has decreased, with changes in inventory and basis [24]. - **Strategy Viewpoint**: It is recommended to observe. If there is no actual production - reduction action, short positions can be considered on rallies [26]. Stainless Steel - **Market Information**: The price of stainless steel has decreased, with changes in inventory and basis [27]. - **Strategy Viewpoint**: It is recommended to consider going long on dips and pay attention to the implementation of policies [28]. Casting Aluminum Alloy - **Market Information**: The price of casting aluminum alloy has accelerated its upward movement, with changes in inventory and basis [29]. - **Strategy Viewpoint**: Casting aluminum alloy prices are expected to be volatile and strong, affected by cost and supply - side factors [30]. Black Building Materials Steel - **Market Information**: The prices of rebar and hot - rolled coil have decreased, with changes in inventory and basis [32]. - **Strategy Viewpoint**: Steel prices are expected to continue to oscillate in the bottom range, affected by factors such as supply, demand, and macro - policies [33]. Iron Ore - **Market Information**: The price of iron ore has increased, with changes in inventory and basis [34]. - **Strategy Viewpoint**: Iron ore prices are expected to oscillate, with upside space limited by high inventory and supply expectations and downside supported by restocking expectations [35]. Glass and Soda Ash - **Market Information**: The price of glass has decreased, and the price of soda ash has decreased. There are changes in inventory and basis [36][38]. - **Strategy Viewpoint**: Glass prices may have some upward potential, and the supply - surplus pattern of soda ash has not changed fundamentally [37][38]. Manganese Silicon and Ferrosilicon - **Market Information**: The prices of manganese silicon and ferrosilicon have decreased, with changes in inventory and basis [39]. - **Strategy Viewpoint**: The future trends of manganese silicon and ferrosilicon are affected by factors such as market sentiment, cost, and supply - side disturbances [41][42]. Industrial Silicon and Polysilicon - **Market Information**: The price of industrial silicon has decreased, and the price of polysilicon has increased, with changes in inventory and basis [43][46]. - **Strategy Viewpoint**: Industrial silicon prices are expected to oscillate, and polysilicon prices are expected to be volatile, affected by factors such as supply, demand, and market sentiment [44][47]. Energy Chemicals Rubber - **Market Information**: The price of rubber has oscillated and increased, with different views from bulls and bears [49][50]. - **Strategy Viewpoint**: It is recommended to observe and partially close the hedging position of buying RU2605 and selling RU2609 [53]. Crude Oil - **Market Information**: The price of crude oil has decreased, and the prices of refined - oil products have also changed, with changes in inventory [54]. - **Strategy Viewpoint**: The valuation of heavy - oil products is expected to increase [55]. Methanol - **Market Information**: The regional spot prices of methanol have changed [56]. - **Strategy Viewpoint**: Methanol is considered to have the feasibility of going long on dips [57]. Urea - **Market Information**: The regional spot and futures prices of urea have changed, with a certain basis [58]. - **Strategy Viewpoint**: It is recommended to take profits on rallies [59]. Pure Benzene and Styrene - **Market Information**: The prices of pure benzene and styrene have changed, with changes in cost, supply, demand, and basis [60]. - **Strategy Viewpoint**: It is considered that the non - integrated profit of styrene has room for upward repair, and it is recommended to go long on the non - integrated profit of styrene before the first quarter of next year [61]. PVC - **Market Information**: The price of PVC has decreased, with changes in cost, supply, demand, and inventory [62][63]. - **Strategy Viewpoint**: It is recommended to short on rallies before significant production cuts in the industry [64]. Ethylene Glycol - **Market Information**: The price of ethylene glycol has decreased, with changes in supply, demand, and inventory [65]. - **Strategy Viewpoint**: The supply - demand pattern of ethylene glycol needs to be improved through increased production cuts, and the valuation may need to be compressed in the medium term [66]. PTA - **Market Information**: The price of PTA has decreased, with changes in supply, demand, and inventory [67]. - **Strategy Viewpoint**: PTA is expected to enter the Spring Festival inventory - accumulation stage after short - term destocking. It is recommended to pay attention to the risk of correction in the short term and the opportunity of going long on dips in the medium term [69]. Para - Xylene - **Market Information**: The price of para - xylene has decreased, with changes in supply, demand, and inventory [70]. - **Strategy Viewpoint**: PX is expected to maintain a small inventory - accumulation pattern before the maintenance season. It is recommended to pay attention to the risk of correction in the short term and the opportunity of going long on dips in the medium term [71]. Polyethylene (PE) - **Market Information**: The price of PE has changed, with changes in supply, demand, and inventory [72]. - **Strategy Viewpoint**: It is recommended to go long on the LL5 - 9 spread on dips [73]. Polypropylene (PP) - **Market Information**: The price of PP has changed, with changes in supply, demand, and inventory [74][75]. - **Strategy Viewpoint**: The supply - surplus pattern of PP may change in the first quarter of next year, and the price may bottom out [76]. Agricultural Products Live Pigs - **Market Information**: The prices of live pigs in different regions have changed, with different supply and demand situations in the north and south [78]. - **Strategy Viewpoint**: The short - term logic of rising pig prices is strong, but the medium - term support may collapse. It is recommended to short on rallies and pay attention to the support of far - month contracts [79]. Eggs - **Market Information**: The prices of eggs have changed, with stable supply and different digestion speeds in the terminal market [80]. - **Strategy Viewpoint**: Egg prices have limited upside and downside space. It is recommended to short on rallies [81][82]. Soybean Meal and Rapeseed Meal - **Market Information**: The prices of soybean meal and rapeseed meal futures have changed, with changes in spot prices and inventory [83]. - **Strategy Viewpoint**: The prices of soybean meal and rapeseed meal are expected to oscillate, affected by factors such as import costs and inventory [84]. Oils and Fats - **Market Information**: The prices of oils and fats futures have decreased, with changes in spot prices and inventory [85][86]. - **Strategy Viewpoint**: The current fundamentals of oils and fats are weak, but the medium - and long - term expectations are optimistic. The prices are not far from the bottom range [87][88]. Sugar - **Market Information**: The price of sugar futures has increased, with changes in spot prices and production data in different regions [89][90]. - **Strategy Viewpoint**: Sugar prices may rebound after the northern hemisphere's harvest, and the short - term downside space of domestic sugar prices is limited [91]. Cotton - **Market Information**: The price of cotton futures has changed, with changes in spot prices, supply, demand, and inventory [92]. - **Strategy Viewpoint**: It is recommended to go long on cotton after a correction, affected by factors such as supply - demand relationships and policy expectations [93].

Core Viewpoint - The global supply tightness, geopolitical factors, and demand expectations have led to a significant surge in LME metal futures, with copper and nickel reaching new highs [1] Group 1: Price Movements - LME copper rose by 5.03%, closing at $13,087.5, an increase of $627 [1] - LME aluminum increased by 2.28%, closing at $3,090, up by $69 [1] - LME zinc saw a rise of 2.59%, closing at $3,208, an increase of $81 [1] - LME lead increased by 1.78%, closing at $2,029.5, up by $35.5 [1] - LME tin surged by 5.74%, closing at $42,560, an increase of $2,310 [1] - LME nickel rose by 3.16%, closing at $17,290, up by $530 [1]

截止收盘，伦铜报12673.5美元涨486美元，涨幅3.99%；伦铝报2986.5美元涨36美元，涨幅1.22%；伦锌 报3130美元涨46美元，涨幅1.49%；伦铅报2024.5美元涨15.5美元，涨幅0.77%；伦锡报42195美元涨 2185美元，涨幅5.46%；伦镍报16780美元涨1020美元，涨幅6.47%。 新浪合作大平台期货开户 安全快捷有保障 长江有色网12月31日早讯：周二晚间LME金属期货全线飙升。伦镍涨逾6%；伦铜连涨六日屡创新高； 伦铝报自2022年4月底以来最高位。 ...

截止收盘，伦铜报12187.5美元涨54.5美元，涨幅0.45%；伦铝报2950.5美元跌6美元，跌幅0.20%；伦锌 报3084.0美元跌2.5美元，跌幅0.08%；伦铅报2009美元涨9.5美元，涨幅0.48%；伦锡报40010美元跌2480 美元，跌幅5.84%；伦镍报15760美元涨100美元，涨幅0.64%。 长江有色网12月30日早讯：周一晚间LME金属期货涨跌不一，伦铜五连涨；伦锡暴跌近6%。 新浪合作大平台期货开户 安全快捷有保障 ...

1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report - The US job market shows resilience with initial jobless claims falling to 214,000 and continued claims rising to 1923,000 but well below the annual high. Policy discussions are advancing, and the stock market is generally rising. In China, the Beijing property market policy has been marginally relaxed, and the central bank will continue a moderately loose monetary policy. The A-share market has seen a general rise [2][3]. - The prices of platinum and palladium futures in the domestic market have reached the daily limit for three consecutive days, and the prices of gold and silver futures have hit new highs. However, the market is expected to experience increased volatility in the short term, and there is a risk of a callback due to regulatory policy changes [4][5]. - The price of copper is expected to remain strong in the short term due to a weak US dollar, strong demand expectations, and a tight supply situation in the global mining sector [6][7]. - The aluminum price is expected to fluctuate as the end - of - year consumption weakens and there is pressure on inventory accumulation [8]. - The zinc price is expected to continue to fluctuate due to limited short - term supply - demand contradictions and a lack of overseas guidance during the Christmas holiday [9][10]. - The lead price is expected to be slightly stronger in the short term, but the upside is limited by weak spot trading at the end of the year [11]. - The tin price faces increased pressure for a high - level adjustment due to a weakening supply - side support and weak consumption [12]. - The price of industrial silicon is expected to rebound slightly as supply contracts and demand shows marginal improvement [13][14]. - The steel price is expected to fluctuate as the steel market faces a situation of weak supply and demand, with a game between macro - policy expectations and weak terminal reality [15]. - The iron ore price is expected to be under pressure and fluctuate due to a supply - strong and demand - weak market situation [16]. - The prices of coking coal and coke are expected to fluctuate weakly in the short term as the market is affected by multiple factors such as production cuts and cautious procurement [17]. - The price of soybean and rapeseed meal is expected to oscillate weakly as the appreciation of the RMB reduces import costs and weather conditions affect crop growth [18]. - The price of palm oil is expected to fluctuate as the production contraction supports the price, but there are uncertainties in the market due to various factors [19][20]. 3. Summary by Related Catalogs 3.1 Macro - Overseas: The US job market is resilient, with initial jobless claims at 214,000 and continued claims at 1923,000. Policy discussions are advancing, and the stock market is generally rising. The dollar index rose to 97.9, the 10Y US Treasury yield fell to 4.13%, the gold price adjusted to 4480 after breaking through 4500, the copper price reached a new high, and the oil price slightly declined [2]. - Domestic: The Beijing property market policy has been marginally relaxed to support housing demand. The central bank will continue a moderately loose monetary policy. The A - share market had a general rise, with the Shanghai Composite Index reaching 3940 points, and the trading volume slightly decreased to 1.9 trillion [3]. 3.2 Precious Metals - Wednesday saw platinum and palladium futures in the domestic market hitting the daily limit for three consecutive days, and gold and silver futures reaching new highs. The silver futures contract had a net inflow of nearly 6.5 billion yuan, while the gold futures had an outflow of 3.5 billion yuan. The night - session prices of platinum and palladium in the NYMEX market fluctuated, and the prices of gold and silver in the overseas market showed different trends. The market is expected to be more volatile in the short term, and there is a risk of a regulatory - induced callback [4][5]. 3.3 Copper - The Shanghai copper and London copper prices continued to rise. The spot market trading was weak, and the inventory situation in different markets varied. The Fed's potential interest - rate cut expectations and China's central bank's MLF operations affected the market. The import of scrap copper in China increased in November. The copper price is expected to remain strong in the short term [6][7]. 3.4 Aluminum - The Shanghai aluminum price fell slightly, while the LME price rose. The spot price increased, and the inventory increased. The end - of - year consumption is weakening, and the aluminum price is expected to fluctuate [8]. 3.5 Zinc - The Shanghai zinc price fluctuated, and the LME price was weak. The spot market trading was mainly among traders, and the LME inventory increased. The short - term supply - demand contradiction is limited, and the zinc price is expected to continue to fluctuate [9][10]. 3.6 Lead - The Shanghai lead price rose, and the LME price was stable. The spot market inventory was low, and the trading was weak. The LME inventory decreased, and the domestic refinery's resumption of production was slow. The lead price is expected to be slightly stronger in the short term, but the upside is limited [11]. 3.7 Tin - The Shanghai tin price adjusted downward, and the LME price was weak. The US job market recovery reduced the expectation of an interest - rate cut in January. The supply - side support is weakening, and the consumption is weak. The tin price faces increased pressure for a high - level adjustment [12]. 3.8 Industrial Silicon - The price of industrial silicon rebounded slightly. The supply is contracting, and the demand shows marginal improvement. The inventory decreased last week, and the price is expected to rebound slightly in the short term [13][14]. 3.9 Steel (Spiral and Coil) - The steel futures prices fluctuated. The spot market trading volume was 96,000 tons. The Beijing property market policy adjustment had limited impact. The supply has shrunk, and the demand is seasonally weak. The steel price is expected to fluctuate [15]. 3.10 Iron Ore - The iron ore futures prices fluctuated and adjusted. The port spot trading volume was 1.28 million tons. The steel mills' profits have shrunk, and the demand is in the off - season. The supply is at a high level, and the price is expected to be under pressure and fluctuate [16]. 3.11 Coking Coal and Coke (Double - Coking) - The double - coking futures prices fluctuated and adjusted. The spot prices of coking coal and coke decreased. The production of coking coal is affected by maintenance, and the coke enterprises' profits have shrunk. The market is affected by multiple factors, and the prices are expected to fluctuate weakly [17]. 3.12 Soybean and Rapeseed Meal - The soybean meal futures price fell, and the rapeseed meal futures price rose slightly. The Argentine soybean sales data and the weather conditions in Brazil and Argentina are factors to watch. The appreciation of the RMB has put pressure on the price, and it is expected to oscillate weakly [18]. 3.13 Palm Oil - The palm oil futures price rose, while the soybean oil futures price fell slightly and the rapeseed oil futures price rose. The production of Malaysian palm oil decreased in the first 20 days of December. The Indonesian government's actions may affect production and prices. The price is expected to fluctuate [19][20]. 3.14 Metal Main Variety Trading Data - The report provides detailed trading data for various metals, including copper, aluminum, zinc, lead, nickel, tin, gold, and silver, such as closing prices, price changes, trading volumes, and inventories in different markets on December 24 [21][23][26]. 3.15 Industry Data Perspective - The report presents a comprehensive set of industry data for different commodities, including price changes, inventory levels, and spreads between different varieties and markets, covering metals, energy, and agricultural products [23][26][28].

长江有色网12月24日早讯：周二晚间LME金属期货全线上涨 ，伦铜进一步上涨屡创新高；伦镍连涨五 日收盘报逾七个月高位。 截止收盘，伦铜报12055美元涨144美元，涨幅1.21%；伦铝报2941美元，持平于前一交易日；伦锌报 3096.5美元涨18.5美元，涨幅0.60%；伦铅报1983美元涨13美元，涨幅0.66%；伦锡报42835美元涨105美 元，涨幅0.25%；伦镍报15640美元涨380美元，涨幅2.49%。 新浪合作大平台期货开户 安全快捷有保障 ...

截止收盘，伦铜报11870.5美元涨143.5美元，涨幅1.22%；伦铝报2955.5美元涨38.5美元，涨幅1.32%； 伦锌报3078美元涨20美元，涨幅0.65%；伦铅报1984.5美元涨24.5美元，涨幅1.25%；伦锡报42975美元 涨55美元，涨幅0.13%；伦镍报14900美元涨270美元，涨幅1.85%。 新浪合作大平台期货开户 安全快捷有保障 长江有色网12月20日早讯：周五晚间LME金属期货全线上涨，伦铜创下记录新高；伦镍领涨；其它金 属不同程度上涨。 ...