Core Insights - Domestic futures contracts showed mixed performance on February 10, 2026, with notable increases in certain commodities while others experienced declines [1][6]. Price Movements - Significant gains were observed in the following contracts: - Tin (沪锡) and caustic soda (烧碱) rose over 3% - Soybean No. 1 (豆一), silver (沪银), SC crude oil, and fuel oil increased by more than 2% - Low sulfur fuel oil (LU) and PTA saw increases exceeding 1% [1][6]. - Conversely, the following contracts experienced declines: - The shipping European line (集运欧线) fell over 4% - Coking coal (焦煤), coke (焦炭), industrial silicon (工业硅), polysilicon (多晶硅), and styrene (苯乙烯) dropped by more than 1% [1][6]. Detailed Contract Performance - The following contracts had notable performance metrics: - Tin (护候2603 IN) reached a price of 382,000 with a 3.33% increase - Caustic soda (烧碱2603 M) was priced at 1,963, up by 3.26% - Soybean No. 1 (日-2806 W) increased by 2.44% to 42 - SC crude oil (原油2604 in) rose by 2.17% to 476.1 [2][7]. - Declines were noted in: - Shipping European line (集运欧线2604 M) at 1,179.0, down by 4.57% - Coking coal (焦炭2605 M) at 1,665.0, down by 1.71% - Industrial silicon (工业硅2605 M) at 8,375, down by 1.53% [2][7].

1. Report's Industry Investment Rating - No information provided 2. Core View of the Report - As of the close on February 9, domestic futures main contracts showed mixed performance, with some metals rising significantly and some falling. The prices of various futures varieties are expected to fluctuate in the short - term, affected by factors such as supply - demand relationships, geopolitical situations, and seasonal patterns [6][7] 3. Summary by Relevant Catalogs 3.1 Commodity Performance - Futures Market Overview - As of the close on February 9, platinum rose nearly 11%, silver futures rose over 8%, palladium rose over 7%, tin futures rose over 6%, lithium carbonate and gold futures rose over 3%, caustic soda rose over 2%, and international copper and copper futures rose nearly 2%. In terms of declines, styrene (EB) fell over 2%, and log, ferrosilicon, low - sulfur fuel oil (LU), manganese silicon, coke, asphalt, and apple fell over 1%. Stock index futures and treasury bond futures also showed varying degrees of increase. In terms of capital flow, silver 2604, lithium carbonate 2605, and rebar 2605 had capital inflows, while CSI 2603, CSI 1000 2603, and ten - year treasury bonds 2603 had capital outflows [6][7] 3.2 Market Analysis 3.2.1 Copper Futures - On February 9, copper futures opened high and moved higher. The output in January was 1.57 million tons more than expected, and it is expected to return to normal in February. The expected output in February will decrease by 3.58 million tons month - on - month, a decline of 3.04%. The demand showed an increase in December 2025, but downstream procurement decreased during the holiday. The market is affected by factors such as changes in the Fed's expectations, the proposed improvement of the copper resource reserve system, and the traditional consumption off - season. In the short - term, it will be mainly in a narrow - range shock, and the long - term outlook for copper prices is optimistic [9][10] 3.2.2 Lithium Carbonate - Lithium carbonate opened low and moved high, with an intraday decline of nearly 3%. The average price increased slightly. The supply in February will decrease due to maintenance. The export from Chile in January increased month - on - month but decreased year - on - year. The downstream demand decreased during the holiday in February, but is expected to increase in March. The inventory is gradually shifting to the downstream. The price has stopped falling and stabilized, but it is difficult to rise sharply in the short - term, and the market is mainly in a consolidation phase [11] 3.2.3 Crude Oil - OPEC+ eight member countries will maintain the original plan to suspend the increase in oil production in March. The US crude oil inventory decreased more than expected due to winter storms, but the global floating storage is high, and the supply is still in an oversupply situation. Saudi Aramco lowered the price of Arabian light crude oil for Asia. Chevron is increasing the transportation of Venezuelan crude oil. The US - Iran nuclear negotiations have ended "temporarily", and the Iranian geopolitical risk is uncertain. The US - India trade and the Russia - Ukraine situation also affect the oil market. It is expected that the crude oil price will fluctuate within a range in the near future [12][13] 3.2.4 Asphalt - The asphalt start - up rate decreased last week, and the expected output in February will decrease both month - on - month and year - on - year. The downstream start - up rate decreased, and the national shipment volume decreased. The refinery inventory rate decreased slightly. The flow of Venezuelan heavy crude oil to domestic refineries is restricted, but the possibility of domestic refineries obtaining it has increased. Some refineries have resumed production, and the start - up rate has increased slightly. It is expected that asphalt will fluctuate within a range in the short - term, and it is recommended to use reverse arbitrage [14][16] 3.2.5 PP - As of the week of February 6, the downstream start - up rate of PP decreased, and the enterprise start - up rate also decreased. The proportion of standard - grade drawing production increased. The petrochemical inventory is at a relatively low level in the same period in recent years. Affected by factors such as the uncertainty of the US - Iran situation, the supply - demand pattern of PP has limited improvement, and it is expected to fluctuate within a range. The L - PP spread is expected to narrow [17] 3.2.6 Plastic - On February 9, the plastic start - up rate remained stable at a relatively high level. The downstream start - up rate decreased, and the order volume decreased. New production capacity was put into operation in January. The supply - demand pattern has limited improvement, and it is expected to fluctuate within a range. The L - PP spread is expected to narrow [18][19] 3.2.7 PVC - The upstream calcium carbide price in the northwest region is stable. The PVC start - up rate increased slightly, while the downstream start - up rate decreased. The export order volume decreased after the price increase. The social inventory increased, and the inventory pressure is still large. The real estate market is still in the adjustment stage. The PVC is expected to fluctuate within a range due to factors such as policy and maintenance expectations after the Spring Festival [20] 3.2.8 Coking Coal - Coking coal opened low and moved high, showing a weak trend. The supply of coking coal has shrunk significantly before the Spring Festival, and the customs clearance of Mongolian coal will also be restricted during the Spring Festival. The downstream winter storage is coming to an end, and the inventory is shifting to the downstream. The downstream steel trading volume is poor. The coking coal is expected to be in a weak consolidation state [21][22] 3.2.9 Urea - Urea opened high and moved high, showing a strong trend. The order - receiving situation before the Spring Festival is acceptable, and the price is stable. The gas - based devices have basically resumed production, and the production will be normal during the Spring Festival. The agricultural demand is good, and the industrial demand is weakening. The factory inventory is slightly digested. The supply - demand is in a tight balance, and it is expected that the spot price is unlikely to drop before the festival, and the futures will fluctuate in a narrow range [23]

热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 2026年2月9日，早盘开盘，国内期货主力合约涨跌互现。铂涨超9%，钯涨超7%，碳酸锂、沪银涨超 5%，沪金涨超4%，SC原油、沪锡、沪铜、国际铜涨超1%；跌幅方面，焦煤、焦炭跌超2%，纯碱、氧 化铝、烧碱、丁二烯橡胶、玻璃跌超1%，苯乙烯（EB）、螺纹钢、纸浆跌近1%。 | 序号 | 合约名称 | 最新 | 现手 | 开价 | 英价 | 六天都出版 | 4 11 | 英国 | 成立 | 薄肤 | 持仓监 | 日語仓 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 182606 in | 540.00 | 63 | 539.00 | 540.00 | 9.56% | 2 | ਰੇ | | 63 47.10 | 21453 | 11 | | 2 | 2506 M | 436.50 | 30 | 436.50 | 438.00 | 7.18% | 2 | 2 | | 30 29.25 | 8059 | -3 | | 3 | ...

Group 1 - The domestic futures market opened with mixed results, with asphalt and stainless steel rising over 2%, while platinum fell over 4% [1][6] - Other commodities such as synthetic rubber, fuel, palm oil, styrene (EB), low-sulfur fuel oil (LU), and SC crude oil saw increases of over 1% [1][6] - In contrast, palladium dropped over 3%, and silver fell by more than 1% [1][6] Group 2 - Specific futures contracts showed varied performance, with notable declines in contracts like 889668, which fell by 4.49%, and 2606 W, which decreased by 3.46% [2][7] - Conversely, contracts such as物青2603 M and 不锈钢2603 M experienced gains of 2.16% and 1.76% respectively [2][7] - The trading volume and open interest for various contracts also reflected these trends, with significant changes noted in both directions [2][7]

Group 1 - The domestic futures market showed mixed performance on January 12, 2026, with lithium carbonate hitting the daily limit up with a 9% increase, and silver rising over 10% [3][7] - Other notable increases included platinum and palladium both rising over 5%, and tin increasing by over 3% [3][7] - Crude oil, nickel, PX, PTA, styrene (EB), and coking coal all saw increases of over 2% [3][7] Group 2 - On the downside, fuel oil dropped by over 2%, while PVC, glass, and cotton fell by more than 1% [3][7]

Group 1 - The core point of the article highlights the performance of domestic futures contracts on December 18, 2025, with most contracts showing gains, particularly coking coal rising nearly 5% and silver, coking coal, and glass increasing over 3% [2][6] - The report indicates that the macroeconomic environment continues to support precious metals, with the US dollar index rising [8] - Federal Reserve's survey shows that businesses expect a 4% increase in prices next year due to tariff pressures, reinforcing long-term inflation expectations [8] Group 2 - Federal Reserve Governor Waller noted that interest rates remain 50-100 basis points above neutral levels and emphasized that there is still room for rate cuts, solidifying a dovish outlook [4][8] - Geopolitical uncertainties, particularly regarding discussions between the US and Russia on the Ukraine issue, continue to drive demand for safe-haven assets [4][8] - Policy statements from the central banks of Japan and Thailand also contribute to a relatively accommodative financial environment [4][8]

Group 1 - The domestic futures main contracts mostly declined on September 19, with significant drops in various commodities [1] - The shipping index for Europe fell over 4%, while PX decreased by more than 2% [1] - SC crude oil dropped nearly 2%, and PTA, short fiber, bottle chips, and styrene (EB) all fell by over 1% [1] Group 2 - In contrast, there were increases in caustic soda, rapeseed oil, rapeseed meal, and lithium carbonate, each rising by over 1% [1]

Group 1 - Domestic futures main contracts showed mixed performance in early trading, with egg and Shanghai gold rising over 1% [1] - Iron ore, styrene (EB), and SC crude oil also increased nearly 1% [1] - On the downside, shipping rates on the European route and caustic soda fell over 2%, while logs, lithium carbonate, coking coal, Shanghai nickel, and ethylene glycol (EG) dropped over 1% [1]

Report Industry Investment Rating No relevant content provided. Core View of the Report - In the overnight night - market, domestic futures showed a positive trend overall, while international oil prices declined slightly, and other commodities had mixed performances. In the financial market, A - share listed companies' performance was differentiated, and the brokerage industry had good performance. The domestic industrial product futures prices were rebounding, and the scale of bond ETFs reached a new high. [2][3][40] Summary by Related Catalogs Overnight Night - Market Trends - Domestic futures: Most domestic futures contracts closed higher on Friday night. Soda ash and glass rose over 4%, coking coal rose over 3%, and several other commodities like PVC and caustic soda rose over 2%. However, soybeans and cotton declined slightly. [2] - International precious metals: COMEX gold futures rose 0.30% to $3355.50 per ounce, with a weekly decline of 0.25%; COMEX silver futures rose 0.32% to $38.43 per ounce. [2] - International oil prices: WTI crude futures fell 0.30% to $66.03 per barrel, with a weekly decline of 3.54%; Brent crude futures fell 0.42% to $69.23 per barrel, with a weekly decline of 1.61%. [3] - London base metals: All London base metals closed higher. LME zinc rose 3.18% and 3.12% weekly; LME aluminum rose 2.33% and 1.34% weekly. [4] - International agricultural products: Most international agricultural product futures rose. US soybeans rose 0.56%, US corn rose 1.74%, US soybean oil fell 0.75%, US soybean meal rose 1.97%, and US wheat rose 2.53%. [5] Important News Macroeconomic News - Trump criticized the Fed's high - interest - rate policy, believing it was harming the real estate market. He thought the US should have a 1% interest rate. [8] - The Ministry of Industry and Information Technology plans to introduce a stable - growth work plan for ten key industries. [8] - Shipping indices declined. The Shanghai Export Containerized Freight Index dropped 86.39 points, and the China Containerized Freight Index fell 0.8%. [8] - The US - China economic and trade relationship has experienced ups and downs, but both sides are still important trading partners, and cooperation is the right path. [9] - The government will regulate the new - energy vehicle industry competition order. [9] - The July auto market demand weakened, and the expected monthly sales of passenger cars were about 1.9 million. [11] - The US and the EU have disputes over tariffs, and the EU is preparing a retaliatory plan. [11] - Iran will hold a new round of negotiations with three European countries. [12] - The third - round Russia - Ukraine negotiation will be held in Istanbul. [13] - The G20 finance ministers and central bank governors emphasized the importance of central bank independence and the challenges faced by the global economy. [16] - China will crack down on the smuggling of strategic minerals. [17] Energy and Chemical Futures - The EU extended the natural - gas storage requirement for two more years. [19] - Zhengzhou Commodity Exchange announced the delivery area and premium/discount for propylene futures. [21] - Methanol inventory in East China ports increased, and rubber inventory in Osaka Exchange decreased. [22] - The EU passed the 18th round of sanctions against Russia, targeting the banking, energy, and military - industrial sectors. [23] Metal Futures - Mining activities in Myanmar's Wa State are expected to resume. [25] - The average price of polysilicon was 46.2 yuan/kg, with a profit of 6.1 yuan/kg. [26] - Copper, aluminum, zinc, lead, nickel, and tin inventories in the Shanghai Futures Exchange increased. [27] - A nickel - iron smelting park in Indonesia suspended production, which may affect the monthly output by about 1900 metal tons. [29] Black - Series Futures - A coal mine in Changzhi restarted production but has not reached full capacity. [31] - Canada will adjust its steel import tariff policy, which China opposes. [31] - Coal mines in Lvliang stopped or reduced production due to environmental inspections and production problems. [31] - The China Iron and Steel Association proposed measures to prevent over - capacity. [32] - Steel inventories increased, with an increase in construction steel and a decrease in hot - rolled coils. [32] Agricultural Product Futures - Imported cotton inventory decreased. [35] - Oil - mill soybean crushing volume was lower than expected. [35] - Australia may export experimental rapeseed to China. [35] - Pig - farming profits changed, with self - breeding and self - raising still profitable but at a lower level, and purchasing piglets resulting in losses. [35] - Sugar prices remained high in Pakistan. [35] - Trichlorosucrose producers had extended shutdowns. [36] - Malaysian palm - oil exports decreased in July. [37] Financial Market Finance - Among the 1540 A - share listed companies that disclosed semi - annual performance forecasts, 43.77% were positive, and the performance was differentiated. [40] - All 29 listed securities firms that disclosed semi - annual performance forecasts were positive, mainly due to the improvement of core business income and the recovery of overseas business. [40] - CITIC Securities believes that A - shares are becoming an incremental market, and post - mid - report season overseas investment may be a new direction. [40] - CITIC Construction Investment believes that the A - share market's structural differentiation will continue, and new tracks are crucial. [41] Industry - The Third China International Supply - Chain Promotion Expo was successful, with more participants and cooperation agreements. [42] - The Beijing real - estate market had an uneven recovery in the first half of 2025. [43] Overseas - The US Treasury Secretary advised Trump not to fire the Fed Chairman. [45] - Japan's ruling coalition lost its majority in the Senate. [45] - Russia and Ukraine may hold a new round of negotiations in Istanbul. [45] International Stock Market - The next two weeks are the peak period for US stock earnings reports. [46] - NVIDIA's CEO Huang Renxun has been reducing his holdings of NVIDIA stocks, with a cumulative套现 of $215 million since June 20. [46][47] Commodity - Domestic industrial product futures prices are rebounding, and they are expected to continue the upward trend, but there are risks of adjustment after rapid price increases. [48] Bond - The scale of the first batch of 10 science - innovation bond ETFs has grown significantly, and the total scale of bond ETFs may have exceeded 5000 billion yuan. [49]

Group 1 - Domestic futures main contracts showed mixed performance, with the shipping European route rising over 8% [1] - Industrial silicon increased by over 2%, while polysilicon rose by more than 1% [1] - On the downside, fuel oil and lithium carbonate fell by more than 2%, and red dates and styrene (EB) dropped nearly 2% [1]