
桂晨曦Gui Chenxi从业资格号Qualification No:F3023159投资咨询号Consulting No.:Z0013632 CITIC Futures International Service Platform:https://internationalservice.citicsf.com 摘要Abstract Macro News:In2025, China's CPIremained flat from the previous year. Futures Prices:OnJan 9, equity index futures rose while CGB futures fell; commodities sawmixed performance, with PD and LUleading gains, and PS leading declines. Commentary:Crude Oil,Aluminum,Nickel Risks:Macroeconomic fluctuations, geopolitical situations, and reversals in policy trends. 宏观:2025年全年,全国居民消费价格与上年持平。 期货:1月9日,股指期货上涨,国债期货下跌;商品涨跌分化,钯、低硫燃油领涨,多晶硅领跌。 今日点评:原油、铝、镍 风险提示:宏观经济波动、地缘政治变化、政策趋向扭转。 Related Reports近期报告 【20260109】Poly-Silicon, Platinum, Palladium多晶硅、铂、钯【20260108】Coking Coal, Coke, Nickel焦煤、焦炭、镍【20260107】Lithium Carbonate, Silver, Tin碳酸锂、白银、锡 * Click on the hyperlink of report titles to read historical reports Content目录 1. China Futures期货异动.................................................................................................41.1 Overview行情概述.......................................................................................................41.2DailyRose上涨品种.....................................................................................................51.2.1Crude Oil原油....................................................................................................................................................51.2.2Aluminum铝.......................................................................................................................................................61.3DailyDropped下跌品种...............................................................................................71.3.1Nickel镍.............................................................................................................................................................72. China News中国要闻.....................................................................................................82.1 Macro News宏观要闻...................................................................................................82.2 IndustryNews行业要闻...............................................................................................8CITIC Futures International Research Reports...................................错误!未定义书签。 Charts图表 图表1:Commodity Futures Top Daily Rise..................................................................................4中国商品期货主力连续合约涨幅前十...............................................................................................4图表2:Commodity Futures Top Daily Drop.................................................................................4中国商品期货主力连续合约跌幅前十...............................................................................................4图表3:Recent Trend ofCrude Oil...............................................................................................5原油价格走势..................................................................................................................................5图表4:OnJan9,Crude OilRoseBy3.5%..................................................................................51月9日,原油上涨3.5%...............................................................................................................5图表5:Recent Trend ofAluminum...............................................................................................6铝价格走势......................................................................................................................................6图表6:OnJan9,AluminumRose 1.4%......................................................................................61月9日,铝上涨了1.4%...............................................................................................................6图表7:Recent Trend ofNickel....................................................................................................7镍价格走势......................................................................................................................................7图表8:OnJan9,NickelDroppedBy2.7%..................................................................................71月9日,镍下降2.7%...................................................................................................................7图表9:The Change of Futures Prices and Open Interests..........................................................9中国期货涨跌幅与持仓变化.............................................................................................................9图表10:China Futures Price.....................................................................................................10中国期货概览................................................................................................................................10 1.China Futures期货异动 1.1Overview行情概述 OnJan 9, equity index futures rose while CGB futures fell; commodities saw mixed performance,with PD and LUleading gains, and PS leading declines. China's financial futures:In e