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데이터 기준일: 2026-10-14 · 결제 기준: 거래소 결제가(베이징 시간 15:00 종가, 전일 결제 대비)
Generated: 2026-10-14 07:09:05 · Benchmark settle: 2026-10-13
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2026-10-14 China Futures Morning Report: Precious Metals Give Back Night Session Gains, Energy & Chemicals Rise Against Trend

Three core judgments: ① SHFE gold and silver gave back day session gains in the night session, with GC/GC seeing only a slight recovery in the Asian early session; precious metals shift to short-term range-bound correction, with SHFE gold below 900 targeting 885, invalidated if it stands back above 910; SHFE silver below 14500 targeting 14285, invalidated if it stands back above 14700. ② Energy & chemicals rose against the trend, with SC night session +1.42%, PP +1%, EG +1.4%, MA +0.99%; geopolitical premium on the crude end resonates with polyester chain catch-up gains, TA processing fee at 220 yuan/ton sits at the 11th percentile, the logic of going long on processing margin expansion continues. ③ Black series divergence intensifies, coking coal JM rose on increased open interest +1.03% but was flat in the night session, rebar edged lower on increased open interest; rebar-hot rolled coil spread at 165 yuan sits at a 3rd percentile historical extreme low, ore net shorts expanded to 47,649 lots; black series overall weak and coking coal's independent move is hard to sustain.