中国期货每日简报

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:China's GDP Surpassed 140 Trillion Yuan in 2025, Growing by 5.0%。 Futures Prices:On Jan 19,mostequity index futuresincreased, while most CGB futures tradedlower. Most commodities declined, with SN, LC and BR leading the losses. Commentary:Gold, Silver, Palladium Risks:Macroeconomic fluctuations, geopolitical situations, and reversals in policy trends. 宏观：2025年我国国内生产总值突破140万亿元，增长5.0%。 期货：1月19日，股指期货上涨，国债期货下跌。商品多数下跌，锡、碳酸锂和丁二烯胶领跌。 今日点评：黄金、白银、钯 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 【20260117】Tin,Silver,Crude Oil锡、白银、原油【20260116】Tin,Nickel,RBD Palm Olein锡、镍、棕榈油【20260115】Tin, Silver, Fuel Oil锡、白银、燃油 * Click on the hyperlink of report titles to read historical reports Content目录 1.China Futures期货异动.................................................................................................41.1Overview行情概述.......................................................................................................41.2 DailyRose上涨品种....................................................................................................51.2.1Gold黄金...........................................................................................................................................................51.2.2 Silver白银..........................................................................................................................................................61.2.3 Palladium钯.......................................................................................................................................................72.ChinaNews中国要闻......................................................................................................82.1MacroNews宏观要闻...................................................................................................82.2InductryNews行业新闻...............................................................................................8CITIC FuturesInternational ResearchReports.............................................................11 Charts图表 图表1：CommodityFutures Top Daily Rise..................................................................................4中国商品期货主力连续合约涨幅前十...............................................................................................4图表2：CommodityFutures 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 ofGold.......................................................................................................5黄金价格走势..................................................................................................................................5图表4：On Jan19,GoldRoseBy1.5%.......................................................................................51月19日，黄金上涨1.5%.............................................................................................................5图表5：Recent Trend ofSilver.....................................................................................................6白银价格走势..................................................................................................................................6图表6：On Jan 19, SilverRose By2.8%......................................................................................61月19日，白银上涨2.8%.............................................................................................................6图表7：Recent Trend ofPalladium...............................................................................................7钯价格走势......................................................................................................................................7图表8：On Jan19,PalladiumRoseBy0.6%...............................................................................71月19日，钯上涨0.6%.................................................................................................................7图表9：TheChange ofFuturesPricesandOpenInterests..........................................................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 On Jan 19,mostequity index futuresincreased, while most CGB futures traded lower. Mostcommodities declined, with SN, LC and BR leading the losses. In equity index futures, ICrose 0.8% and IHdropped 0.1%; in CGB futures,T andTFdropped0.02% and TLdropped0.22%. In commodity futures, the top t