地址：北京市朝阳区朝阳门外大街甲 6 号万通中心 D 座 20 层（100020） 总机：010-8535 6666 注:本报告资讯信息来源于万得资讯和金十数据，冠通研究整理编辑 本公司具备期货交易咨询业务资格，请务必阅读免责声明。 分析师：王静，执业资格证号 F0235424/Z0000771。 免责声明： 本报告中的信息均来源于公开资料，我公司对这些信息的准确性和完整性不作任何保证。报告中的内容和 意见仅供参考，并不构成对所述品种买卖的出价或征价。我公司及其雇员对使用本报告及其内容所引发的 任何直接或间接损失概不负责。本报告仅向特定客户传送，版权归冠通期货所有。未经我公司书面许可， 任何机构和个人均不得以任何形式翻版，复制，引用或转载。如引用、转载、刊发，须注明出处为冠通期 货股份有限公司。 资讯早间报 本文资讯内容根据网络，冠通期货编辑整理而成，仅供投资者参考。 发布日期：2026/2/26 隔夜夜盘市场走势 1. 国际贵金属期货普遍收涨，COMEX 黄金期货涨 0.14%报 5183.70 美元/盎司， COMEX 白银期货涨 1.95%报 89.21 美元/盎司。 2. 美油主力合约收跌 0.09% ...

Report Industry Investment Rating - Not provided in the content Core Viewpoints - The report presents the market liquidity situation on February 13, 2026, including the trading volume, holding amount, and trading - holding ratio of various sectors such as stock index, treasury bond, basic metal, precious metal, energy chemical, agricultural product, and black building materials [1][2] Summary by Directory 1. Plate Liquidity - There are figures showing each plate's trading - holding ratio, trading volume change rate, holding volume, holding amount, trading volume, and trading amount [4][5] 2. Stock Index Plate - On February 13, 2026, the trading volume was 765.077 billion yuan, a +32.98% change from the previous trading day; the holding amount was 1611.808 billion yuan, a - 0.64% change; the trading - holding ratio was 47.17% [1] - There are figures about each variety's rise - fall ratio, trading - holding ratio, precipitation fund change, precipitation fund trend, trading amount change, and the top 20 net - holding ratio trend [5] 3. Treasury Bond Plate - The trading volume was 689.371 billion yuan, a +44.57% change from the previous trading day; the holding amount was 915.704 billion yuan, a - 2.92% change; the trading - holding ratio was 74.87% [1] - There are figures about each variety's rise - fall ratio, trading - holding ratio, precipitation fund change, precipitation fund trend, trading amount change, and the top 20 net - holding ratio trend [5] 4. Basic Metal and Precious Metal (Metal Plate) - The trading volume of the basic metal plate was 559.022 billion yuan, a +11.25% change; the holding amount was 620.781 billion yuan, a - 4.48% change; the trading - holding ratio was 93.01% - The trading volume of the precious metal plate was 847.139 billion yuan, a +19.10% change; the holding amount was 482.314 billion yuan, a - 5.27% change; the trading - holding ratio was 218.33% [1] - There are figures about each variety's rise - fall ratio, trading - holding ratio, precipitation fund change amount, precipitation fund trend, trading amount change rate, and the top 20 net - holding ratio trend [5] 5. Energy Chemical Plate - The trading volume was 380.929 billion yuan, a +5.38% change from the previous trading day; the holding amount was 435.932 billion yuan, a - 6.73% change; the trading - holding ratio was 71.87% [1] - There are figures about the main varieties' rise - fall ratio, trading - holding ratio, precipitation fund change amount, precipitation fund trend, trading amount change rate, and the top 20 net - holding ratio trend [5] 6. Agricultural Product Plate - The trading volume was 242.024 billion yuan, a - 0.49% change from the previous trading day; the holding amount was 574.848 billion yuan, a - 3.25% change; the trading - holding ratio was 42.74% [1] - There are figures about the main varieties' rise - fall ratio, trading - holding ratio, precipitation fund change amount, precipitation fund trend, trading amount change rate, and the top 20 net - holding ratio trend [5] 7. Black Building Materials Plate - The trading volume was 119.483 billion yuan, a +8.68% change from the previous trading day; the holding amount was 303.275 billion yuan, a - 2.80% change; the trading - holding ratio was 37.40% [2] - There are figures about each variety's rise - fall ratio, trading - holding ratio, precipitation fund change amount, precipitation fund trend, trading amount change rate, and the top 20 net - holding ratio trend [5]

Report Industry Investment Rating - Not provided in the given content Core Viewpoints - The report presents the market liquidity overview of various sectors on February 11, 2026, including trading volume, position value, and trading - position ratio, as well as their changes compared to the previous trading day [1][2] Summary by Catalog I. Plate Liquidity - The report shows the trading volume, position value, and trading - position ratio of different sectors, and their changes compared to the previous trading day [1][2] II. Stock Index Plate - On February 11, 2026, the trading volume of the stock index plate was 5054.80 billion yuan, a +2.31% change from the previous trading day; the position value was 15974.82 billion yuan, a +0.06% change; the trading - position ratio was 31.07% [1] III. Treasury Bond Plate - On February 11, 2026, the trading volume of the treasury bond plate was 5135.73 billion yuan, a +30.17% change from the previous trading day; the position value was 9380.43 billion yuan, a +0.81% change; the trading - position ratio was 53.06% [1] IV. Basic Metals and Precious Metals (Metal Plate) - On February 11, 2026, the trading volume of the basic metals plate was 5233.07 billion yuan, a +15.19% change from the previous trading day; the position value was 6528.19 billion yuan, a +1.40% change; the trading - position ratio was 85.02%. The trading volume of the precious metals plate was 6468.62 billion yuan, a -9.18% change; the position value was 5112.69 billion yuan, a +0.79% change; the trading - position ratio was 158.76% [1] V. Energy and Chemical Plate - On February 11, 2026, the trading volume of the energy and chemical plate was 3741.54 billion yuan, a -17.06% change from the previous trading day; the position value was 4803.18 billion yuan, a -0.15% change; the trading - position ratio was 65.59% [1] VI. Agricultural Products Plate - On February 11, 2026, the trading volume of the agricultural products plate was 2349.22 billion yuan, a -0.73% change from the previous trading day; the position value was 6066.20 billion yuan, a -0.09% change; the trading - position ratio was 41.11% [1] VII. Black Building Materials Plate - On February 11, 2026, the trading volume of the black building materials plate was 1131.09 billion yuan, a -15.41% change from the previous trading day; the position value was 3175.65 billion yuan, a -0.79% change; the trading - position ratio was 34.73% [2]

Report Industry Investment Rating - Not provided in the content Core Viewpoints - The report presents the market liquidity situation of various sectors on February 10, 2026, including trading volume, holding amount, and trading - holding ratio, as well as their changes compared to the previous trading day [1][2] Summary by Directory 1. Plate Liquidity - The report provides multiple figures related to plate liquidity, such as the trading - holding ratio, trading volume change rate, holding volume, holding amount, trading volume, and trading amount of each plate. The data sources are Flush and Huatai Futures Research Institute [4][5][8] 2. Stock Index Plate - On February 10, 2026, the trading volume of the stock index plate was 494.08 billion yuan, a - 28.99% change from the previous trading day; the holding amount was 1596.591 billion yuan, a - 2.69% change; the trading - holding ratio was 30.48%. Multiple figures show the price change rate, trading - holding ratio, and other information of each variety in the stock index plate [1][5][15] 3. Treasury Bond Plate - The trading volume of the treasury bond plate was 394.548 billion yuan, a - 13.26% change from the previous trading day; the holding amount was 930.491 billion yuan, a - 0.22% change; the trading - holding ratio was 40.94%. Figures display the price change rate, trading - holding ratio, etc. of each treasury bond variety [1][19][24] 4. Basic Metals and Precious Metals (Metal Plate) - The trading volume of the basic metals plate was 454.304 billion yuan, a - 28.82% change from the previous trading day; the holding amount was 643.815 billion yuan, a - 0.84% change; the trading - holding ratio was 71.95%. The trading volume of the precious metals plate was 712.245 billion yuan, a - 33.96% change; the holding amount was 507.264 billion yuan, a + 1.44% change; the trading - holding ratio was 181.24%. Figures show the price change rate, trading - holding ratio, etc. of each variety in the metal plate [1][27][33] 5. Energy and Chemicals Plate - The trading volume of the energy and chemicals plate was 451.117 billion yuan, a - 8.43% change from the previous trading day; the holding amount was 481.033 billion yuan, a - 0.24% change; the trading - holding ratio was 82.65%. Figures present the price change rate, trading - holding ratio, etc. of the main varieties in the energy and chemicals plate [1][36][37] 6. Agricultural Products Plate - The trading volume of the agricultural products plate was 236.648 billion yuan, a + 5.17% change from the previous trading day; the holding amount was 607.150 billion yuan, a - 0.21% change; the trading - holding ratio was 35.12%. Figures display the price change rate, trading - holding ratio, etc. of the main varieties in the agricultural products plate [1][46][52] 7. Black Building Materials Plate - The trading volume of the black building materials plate was 133.708 billion yuan, a - 17.65% change from the previous trading day; the holding amount was 320.108 billion yuan, a + 1.40% change; the trading - holding ratio was 40.19%. Figures show the price change rate, trading - holding ratio, etc. of each variety in the black building materials plate [2][54][55]

Report Industry Investment Rating - No relevant information provided Core Viewpoints - On February 4, 2026, the trading volume and positions of various sectors in the market showed different changes. The trading volume of the stock index, basic metals, precious metals, energy - chemical, and agricultural product sectors decreased, while the trading volume of the national debt and black building materials sectors increased. The positions of the basic metals, precious metals, energy - chemical, agricultural product, and black building materials sectors increased, while the positions of the stock index and national debt sectors decreased [1][2] Summary by Directory I. Plate Liquidity - There are figures showing the trading - to - position ratio, trading volume change rate, position volume, position amount, trading volume, and trading amount of each plate [4][5][6][8] II. Stock Index Plate - Figures display the price change rate, trading - to - position ratio, precipitation fund change, precipitation fund trend, trading amount change, and the top 20 net position ratio trend of each variety in the stock index plate [5][18][19] III. National Debt Plate - Figures show the price change rate, trading - to - position ratio, precipitation fund change, precipitation fund trend, trading amount change, and the top 20 net position ratio trend of each variety in the national debt plate [5][24][26] IV. Basic Metals and Precious Metals (Metal Plate) - Figures present the price change rate, trading - to - position ratio, precipitation fund change amount, precipitation fund trend, trading amount change rate, and the top 20 net position ratio trend of each variety in the metal plate [5][31][34] V. Energy - Chemical Plate - Figures show the price change rate, trading - to - position ratio, precipitation fund change amount, precipitation fund trend, trading amount change rate, and the top 20 net position ratio trend of the main varieties in the energy - chemical plate [5][36][43] VI. Agricultural Product Plate - Figures display the price change rate, trading - to - position ratio, precipitation fund change amount, precipitation fund trend, trading amount change rate, and the top 20 net position ratio trend of the main varieties in the agricultural product plate [5][50][52] VII. Black Building Materials Plate - Figures show the price change rate, trading - to - position ratio, precipitation fund change amount, precipitation fund trend, trading amount change rate, and the top 20 net position ratio trend of each variety in the black building materials plate [5][55][65]

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Viewpoints of the Report - The report presents the trading and position - holding data of various market sectors on February 3, 2026, including changes in trading volume, position - holding amount, and trading - to - holding ratios compared to the previous trading day [1][2] Group 3: Summary by Directory I. Plate Liquidity - The report shows data on trading volume, position - holding amount, and trading - to - holding ratio of multiple market sectors, including stock index, treasury bond, basic metal, precious metal, energy chemical, agricultural product, and black building materials sectors [1][2] II. Stock Index Plate - On February 3, 2026, the trading volume of the stock index plate was 1029.932 billion yuan, with a - 21.15% change compared to the previous trading day; the position - holding amount was 1733.042 billion yuan, with a + 1.24% change; the trading - to - holding ratio was 59.12% [1] III. Treasury Bond Plate - The trading volume of the treasury bond plate was 369.366 billion yuan, a - 9.41% change from the previous day; the position - holding amount was 884.470 billion yuan, a + 0.85% change; the trading - to - holding ratio was 41.00% [1] IV. Basic Metals and Precious Metals (Metal Plate) - The basic metal plate had a trading volume of 1142.206 billion yuan, a - 11.33% change; the position - holding amount was 680.110 billion yuan, a - 1.08% change; the trading - to - holding ratio was 165.79%. The precious metal plate had a trading volume of 1576.183 billion yuan, a - 16.34% change; the position - holding amount was 517.719 billion yuan, a - 11.40% change; the trading - to - holding ratio was 291.69% [1] V. Energy Chemical Plate - The trading volume of the energy chemical plate was 570.175 billion yuan, a - 36.54% change; the position - holding amount was 484.615 billion yuan, a + 0.27% change; the trading - to - holding ratio was 104.21% [1] VI. Agricultural Product Plate - The trading volume of the agricultural product plate was 271.730 billion yuan, a - 22.54% change; the position - holding amount was 613.846 billion yuan, a + 0.29% change; the trading - to - holding ratio was 43.06% [1] VII. Black Building Materials Plate - The trading volume of the black building materials plate was 205.094 billion yuan, a - 18.58% change; the position - holding amount was 307.673 billion yuan, a + 0.35% change; the trading - to - holding ratio was 58.54% [2]

1. Report Industry Investment Rating - Not provided in the report 2. Core View of the Report - The report presents the trading volume, holding amount, and trading - holding ratio of different market sectors on January 30, 2026, along with their changes compared to the previous trading day [1][2] 3. Summary by Relevant Catalogs I. Plate Liquidity - The report provides data on the trading volume, holding amount, and trading - holding ratio of various sectors such as stock index, treasury bond, basic metal, precious metal, energy chemical, agricultural product, and black building material, as well as their changes compared to the previous trading day [1][2] II. Stock Index Plate - On January 30, 2026, the trading volume of the stock index plate was 11884.99 billion yuan, a +10.93% change from the previous trading day; the holding amount was 18368.76 billion yuan, a - 1.55% change; the trading - holding ratio was 64.31% [1] III. Treasury Bond Plate - On January 30, 2026, the trading volume of the treasury bond plate was 3402.57 billion yuan, a -1.70% change from the previous trading day; the holding amount was 8866.10 billion yuan, a +1.13% change; the trading - holding ratio was 38.16% [1] IV. Basic Metal and Precious Metal (Metal Plate) - On January 30, 2026, the trading volume of the basic metal plate was 19890.90 billion yuan, a +43.70% change from the previous trading day; the holding amount was 7896.08 billion yuan, a -5.94% change; the trading - holding ratio was 234.64%. The trading volume of the precious metal plate was 27499.98 billion yuan, a +67.63% change; the holding amount was 6811.24 billion yuan, a -8.35% change; the trading - holding ratio was 426.00% [1] V. Energy Chemical Plate - On January 30, 2026, the trading volume of the energy chemical plate was 10753.22 billion yuan, a +60.58% change from the previous trading day; the holding amount was 5194.85 billion yuan, a -2.45% change; the trading - holding ratio was 174.57% [1] VI. Agricultural Product Plate - On January 30, 2026, the trading volume of the agricultural product plate was 3604.70 billion yuan, a +14.87% change from the previous trading day; the holding amount was 6321.50 billion yuan, a -3.26% change; the trading - holding ratio was 52.24% [1] VII. Black Building Material Plate - On January 30, 2026, the trading volume of the black building material plate was 2498.60 billion yuan, a +25.48% change from the previous trading day; the holding amount was 3116.39 billion yuan, a -1.51% change; the trading - holding ratio was 75.28% [2]

Report Summary 1. Investment Rating No investment rating information is provided in the report. 2. Core View The report presents the market liquidity situation on January 29, 2026, detailing the trading volume, holding amount, and trading - holding ratio of various sectors, including stock index, treasury bond, basic metal, precious metal, energy - chemical, agricultural product, and black building materials sectors, along with their changes compared to the previous trading day. 3. Summary by Directory 3.1 Market Liquidity Overview - On January 29, 2026, the stock index sector had a trading volume of 1071.417 billion yuan, a +22.39% change from the previous trading day; the holding amount was 1865.860 billion yuan, a +3.93% change; the trading - holding ratio was 57.34% [1]. - The treasury bond sector had a trading volume of 346.135 billion yuan, a +20.47% change; the holding amount was 876.678 billion yuan, a +2.26% change; the trading - holding ratio was 39.23% [1]. - The basic metal sector had a trading volume of 1384.210 billion yuan, a +14.59% change; the holding amount was 839.499 billion yuan, a +3.71% change; the trading - holding ratio was 162.85% [1]. - The precious metal sector had a trading volume of 1640.563 billion yuan, a - 7.46% change; the holding amount was 743.180 billion yuan, a +1.35% change; the trading - holding ratio was 238.08% [1]. - The energy - chemical sector had a trading volume of 669.654 billion yuan, a +4.95% change; the holding amount was 532.511 billion yuan, a +1.60% change; the trading - holding ratio was 111.36% [1]. - The agricultural product sector had a trading volume of 313.797 billion yuan, a +4.17% change; the holding amount was 653.433 billion yuan, a +0.73% change; the trading - holding ratio was 44.67% [1]. - The black building materials sector had a trading volume of 199.126 billion yuan, a +37.04% change; the holding amount was 316.419 billion yuan, a +0.23% change; the trading - holding ratio was 61.99% [2]. 3.2 Graphs and Data - There are multiple graphs showing various data such as the trading - holding ratio, trading volume change rate, holding volume, holding amount, and price change rate of each sector and its varieties, with data sources from Flush and Huatai Futures Research Institute [5][6]

Report Industry Investment Rating - Not provided in the content Core Viewpoints - The report presents the trading data of various sectors in the market on January 28, 2026, including trading volume, holding amount, and trading - holding ratio, as well as their changes compared to the previous trading day [1][2] Summary by Directory I. Plate Liquidity - The report provides data on the trading volume, holding amount, and trading - holding ratio of multiple sectors, including stock index, treasury bond, basic metal, precious metal, energy chemical, agricultural product, and black building material sectors, along with their changes compared to the previous trading day [1][2] II. Stock Index Plate - On January 28, 2026, the trading volume of the stock index plate was 8754.29 billion yuan, a - 26.67% change from the previous trading day; the holding amount was 17952.50 billion yuan, a - 0.65% change; the trading - holding ratio was 48.83% [1] III. Treasury Bond Plate - On January 28, 2026, the trading volume of the treasury bond plate was 2873.16 billion yuan, a + 0.58% change from the previous trading day; the holding amount was 8572.73 billion yuan, a + 0.03% change; the trading - holding ratio was 32.25% [1] IV. Basic Metal and Precious Metal (Metal Plate) - On January 28, 2026, the trading volume of the basic metal plate was 12080.14 billion yuan, a - 7.78% change from the previous trading day; the holding amount was 8094.33 billion yuan, a - 1.58% change; the trading - holding ratio was 154.87%. The trading volume of the precious metal plate was 17727.68 billion yuan, a + 12.47% change; the holding amount was 7332.85 billion yuan, a + 2.19% change; the trading - holding ratio was 293.26% [1] V. Energy Chemical Plate - On January 28, 2026, the trading volume of the energy chemical plate was 6380.98 billion yuan, a - 15.06% change from the previous trading day; the holding amount was 5241.19 billion yuan, a - 0.98% change; the trading - holding ratio was 108.23% [1] VI. Agricultural Product Plate - On January 28, 2026, the trading volume of the agricultural product plate was 3012.28 billion yuan, a - 6.30% change from the previous trading day; the holding amount was 6487.26 billion yuan, a + 0.83% change; the trading - holding ratio was 42.58% [1] VII. Black Building Material Plate - On January 28, 2026, the trading volume of the black building material plate was 1453.00 billion yuan, a - 25.10% change from the previous trading day; the holding amount was 3156.98 billion yuan, a - 1.17% change; the trading - holding ratio was 44.37% [2]

1. Report Industry Investment Rating - Not provided in the content 2. Core View of the Report - The report presents the market liquidity situation on January 22, 2026, including the trading volume, holding amount, and trading - holding ratio of various sectors such as the stock index, treasury bond, basic metal, precious metal, energy - chemical, agricultural product, and black building materials sectors, as well as their changes compared with the previous trading day [1][2] 3. Summary by Relevant Catalogs I. Plate Liquidity - The report shows data on the trading volume, holding amount, and trading - holding ratio of multiple sectors, and their changes compared with the previous trading day, with data sources from Flush and Huatai Futures Research Institute [1][2][8] II. Stock Index Plate - On January 22, 2026, the trading volume was 725.214 billion yuan, a - 15.30% change from the previous trading day; the holding amount was 1658.8 billion yuan, a - 0.46% change; the trading - holding ratio was 43.92%. There are also figures on the price change rate, trading - holding ratio, and other aspects of each variety in the stock index plate [1][9] III. Treasury Bond Plate - The trading volume was 255.852 billion yuan, a - 26.77% change from the previous trading day; the holding amount was 845.597 billion yuan, a + 0.22% change; the trading - holding ratio was 29.60%. There are figures on the price change rate, trading - holding ratio, etc., of each variety in the treasury bond plate [1][16] IV. Basic Metal and Precious Metal (Metal Plate) - The trading volume of the basic metal plate was 877.931 billion yuan, a - 6.48% change from the previous trading day; the holding amount was 793.824 billion yuan, a + 1.13% change; the trading - holding ratio was 107.95%. The trading volume of the precious metal plate was 1227 billion yuan, a - 2.92% change; the holding amount was 641.119 billion yuan, a - 0.96% change; the trading - holding ratio was 223.18%. There are figures on the price change rate, trading - holding ratio, etc., of each variety in the metal plate [1][23][29] V. Energy - Chemical Plate - The trading volume was 489.81 billion yuan, a + 12.94% change from the previous trading day; the holding amount was 489.675 billion yuan, a + 4.16% change; the trading - holding ratio was 96.85%. There are figures on the price change rate, trading - holding ratio, etc., of the main varieties in the energy - chemical plate [1][32][33] VI. Agricultural Product Plate - The trading volume was 265.368 billion yuan, a + 3.35% change from the previous trading day; the holding amount was 626.67 billion yuan, a + 2.00% change; the trading - holding ratio was 41.14%. There are figures on the price change rate, trading - holding ratio, etc., of the main varieties in the agricultural product plate [1][40][41] VII. Black Building Materials Plate - The trading volume was 144.182 billion yuan, a - 8.30% change from the previous trading day; the holding amount was 321.215 billion yuan, a + 0.23% change; the trading - holding ratio was 44.04%. There are figures on the price change rate, trading - holding ratio, etc., of each variety in the black building materials plate [2][47][49]