This report is provided by MacroTerms.com

Data as of: 2026-10-10 · Settlement: Exchange settlement (15:00 Beijing close, vs prior settlement)
Generated: 2026-10-10 12:05:51 · Benchmark settle: 2026-10-09
Body, Best Trade and charts share the same settlement snapshot; intraday live prices are not part of conclusions

2026-10-10 China Futures Morning Report

Core views: 1) Precious metals diverged — Shanghai gold settlement 899.1, night session close 908.48, +1.04% vs settlement; international market GC 4216.3, overnight +1.43%, driven by safe-haven demand and rate-cut expectations → Shanghai gold eyes 916.63 (R1) after holding above 900; invalid below 895.23 (S1). Shanghai silver settlement 14515, night session close 14840, +2.24% vs settlement; international market SI 61.048, +2.73%; silver more elastic → Shanghai silver eyes 15200 after breaking 14911.67 (R1); invalid below 14403.67 (S1).
2) Black series coking coal and coke strong — coking coal settlement 1517.5, day session +4.3%, night session close 1569, +3.39% vs settlement; coke settlement 1992, day session +2.98%, night session close 2050.5, +2.94% vs settlement, driven by supply-contraction expectations → coking coal eyes 1574 (R1), coke eyes 2051.67 (R1); invalid below S1.
3) Chemicals diverged — methanol settlement 3321, day session +6.04%, night session close 3378, +1.72% vs settlement, rising on increased open interest; while ethylene glycol settlement 5254, day session -4.16%, PTA 6704, -0.3%, driven by cost-side differences → hold methanol longs; treat EG/PTA as biased to the downside.