The atmosphere of commodity bulls is heating up again! The rising trend of silver is like the rainbow energy plate strengthening collectively.

Analysts believe that as the two parties in Congress get closer and closer to reaching a fiscal stimulus deal, market inflation expectations have been pushed up, supporting precious metals. The recent rise in gold and silver prices has also been boosted by the Fed's easing commitment to continue buying bonds and delay interest rate hikes.

Recently, oil prices have maintained a strong trend, driving the relevant energy plate varieties higher. During the daytime trading session yesterday, the main contract of SC crude oil futures closed at 314.7 yuan per barrel, an increase of more than 4%, leading the rise in domestic commodity futures. Analysts believe that recently, great progress has been made in vaccines in various countries, and it is expected that after the epidemic is under control, oil consumption may gradually resume, forming a strong bottom support for oil prices.

Last night's night trading session, the Neng Hua sector continued to rise, as of the close of night trading, the main styrene 2101 contract rose 5.54% to 7083 yuan / ton, methanol, ethylene glycol, plastic, PP, PVC, LPG rose more than 2%.

The Elysee Palace, the French presidential palace, said in a statement on the 17th that President Macron tested positive for novel coronavirus on the same day. It is also reported that French Prime Minister Castell, Speaker of the National Assembly Ferrand, the president's wife Brigittte Macron and some government officials have begun self-isolation as close contacts.

The precious metal plate goes up one after another.

With the announcement of a new round of Fed interest rate decisions, precious metals prices rose again, with COMEX gold prices at one point above the $1900 / oz mark yesterday. As of the close, COMEX gold main contract rose 1.68% to US $1890.4 / oz, while COMEX silver main contract rose 4.51% to US $26.181 / oz. In the domestic futures market, during the daytime trading session yesterday, the precious metal sector performed brightly, with the main contract of Shanghai silver futures closing at 5374 yuan / kg, an increase of nearly 4%, while the main contract of Shanghai gold futures closed at 390.5 yuan / g, an increase of nearly 1%.

On the recent performance of the precious metal plate, Minmetals Economic easy Futures Senior analyst Wang Jun believes that the recent rise in gold and silver is the result of joint efforts. As the two parties in Congress get closer to reaching a fiscal stimulus deal, market inflation expectations are pushed higher, so we are seeing a very weak dollar and strong non-ferrous metals, both of which are conducive to higher precious metals. The recent rise in gold and silver prices has also been boosted by the Fed's easing commitment to continue buying bonds and delay interest rate hikes. "

He also said that from a seasonal point of view, the precious metals sector is generally bullish from the end of December to January of the following year.

Specifically, when it comes to silver and gold, Wang Jun said that the rise in silver is stronger than gold, mainly because the price volatility of silver is more flexible, while the industrial nature of silver is stronger, and fiscal stimulus and inflation have a greater boost to it.

Looking forward to the future trend, he believes that gold and silver prices are expected to remain weak and rebound in the cycle, it is recommended to buy back mainly. "but inflation expectations are already high, and the net long positions held by funds are on the high side, which can easily lead to instability, so it is not recommended to chase too high."

The sharp rise in crude oil leads to the strengthening of the energetic plate.

Recently, oil prices have maintained a strong trend, driving the relevant energy plate varieties higher. During the daytime trading session yesterday, the main contract of SC crude oil futures closed at 314.7 yuan per barrel, up more than 4 per cent, leading the rise in domestic commodity futures, rising to 316.7 yuan per barrel at one point in intraday trading, while fuel futures rose more than 4 per cent, while futures such as styrene, low-sulfur fuel oil and plastics rose more than 1 per cent.

"previously, the COVID-19 epidemic had a serious impact on travel. From a recent macro point of view, vaccines in various countries have made great progress. It is expected that after the epidemic is under control, oil consumption may gradually recover, forming a strong bottom support for oil prices." Li Wanying, a senior energy analyst at Donghai Futures Research Institute, believes that the recent geopolitical tension has also further pushed up international oil prices.

From a fundamental point of view, she said that the latest data released by the International Energy Agency show that global oil inventories have decreased by an average of 4.1 million barrels a day, and crude oil inventories in the United States have also dropped more than expected. According to the model, if the epidemic can be effectively controlled, a balance between supply and demand will be achieved in the second to third quarters of next year.

In addition, judging from the active inspection of OPEC and the passive reduction of shale oil production in the United States, the current overall crude oil supply can still give a boost to oil prices to some extent. In the week ended December 11, the United States produced an average of 11 million barrels of crude oil per day, 100000 barrels less than the previous week's average and 1.8 million barrels less than the same period last year. " In her view, if the situation is more optimistic, the global balance of supply and demand is expected to continue to repair in the first half of next year.

From the perspective of the long-term structure of crude oil, Li Wanying said that the current shift of Brent crude oil to backwadation structure also confirms the fact of fundamental repair.

Looking forward to the later trend, she suggested that we should pay close attention to the progress of the vaccine and changes in the macro situation to maintain a more positive view of the oil price in the near future. "the market is waiting for a gradual recovery in refined oil consumption, which is closely related to the degree of control of the epidemic."

Many varieties of black are floating red.

During the daytime trading session yesterday, most varieties of black futures closed higher, with iron ore and thermal coal futures rising 2.60% and 2.74% respectively. Rebar, hot coil, wire rod, coking coal and coke futures rose 1.73%, 1.14%, 1.13%, 1.69% and 1.87%, respectively.

Huatai Futures said that from the market supply and demand situation, the main producing area of power coal security inspection is strict, the main producing area sales are still hot, due to coal pipe tickets and other factors, the enthusiasm of mining production is not high. "the low inventory operation of the northern ports and the tight supply of high-quality and low-sulfur goods in the ports are still not solved. At present, power restriction measures have been issued in many places, and policy regulation and control is gradually coming into force. Affected by this, traders who hoarded goods in the early stage are willing to ship goods. Because the downstream demand does not decrease, the trading volume increases, but the overall price is still running at a high level. Due to restrictions on Australian coal imports, China is still dominated by Indonesian coal imports, while the supply of Indonesian coal that can be delivered in January is very limited. Indonesian shipping trading prices continue to rise in January, and some terminals and traders have begun to inquire about the pallets after January. "

Everbright Futures believes that the policy has been digested in the market, and the January contract is dominated by delivery factors. Considering that the goods have already arrived at the factory at the end of January, less than two weeks before the Spring Festival, the buyer is more cautious. After the negative digestion of the contract policy in May has been completed, the market is worried that it will be difficult to completely ease the supply in the first quarter, and the demand is still good after the short accumulation of the Spring Festival, especially the structural problems of coal are difficult to solve.

Ruida Futures said that due to the limited supply and production increase of coal mines in the context of safe production at the end of the year, terminal demand was strong under the superimposed low temperature Snow Warning weather. The inventory in Beigang is low and downward, and although the imported coal market is relatively loose, the port is in short supply of high-calorie and low-sulfur coal. At present, the national temperature drops obviously in winter, and the daily consumption of power plants picks up seasonally, which makes the high level of power plant inventory down. At present, the market replenishment is more active. Short-term thermal coal prices are on the strong side.