低硫燃料油主力 (INE_LU) 加自选

中国外汇交易中心转移面临技术压力，人民币走强延续至2026年。人民币在2026年开盘后继续上涨，兑美元汇率攀升至2023年5月以来的最高水平。部分反弹似乎反映了对篮筐调整的下意识反应。

Chinese Yuan strength extends Into 2026 as CFETS shift meets technical pressure.Chinese Yuan extended its advance into the opening day of 2026, climbing to its strongest level against Dollar since May 2023. Part of the rally appears to reflect a knee-jerk reaction to the basket adjustment.

ICYMI：中国在新的三年保障制度下对进口牛肉征收55%的关税。中国宣布了针对牛肉进口的新保障措施，对超过新规定的国家级配额的牛肉征收55%的高额关税，此举旨在保护国内畜牧业。这些措施将于2026年1月1日生效，并将持续三年，配额将每年适度增加

ICYMI: China slaps 55% tariff on excess beef imports under new three-year safeguard regime.China has announced new safeguard measures on beef imports, imposing a steep 55% tariff on volumes that exceed newly defined country-level quotas, in a move aimed at protecting its domestic cattle industry. The measures will take effect from January 1, 2026, and remain in place for three years, with quotas set to rise modestly each year

中国采购经理人指数反弹未能提振市场情绪，假期平静仍在继续。在今年的最后一个交易日，市场仍处于年终平静期，流动性薄弱，参与度有限。各资产类别的价格走势反映了整合，而不是信念，因为投资者选择以防御性收盘，而不是追逐后期走势。

China PMI Bounce Fails to Lift Sentiment, Holiday Calm Continues.Markets remain stuck in a year-end lull on the final trading day of the year, with liquidity thin and participation limited. Price action across asset classes reflects consolidation rather than conviction, as investors opt to close the year defensively rather than chase late moves.

随着年底需求增加，中国PMI恢复扩张。中国官方PMI在12月公布了一个明显的上行惊喜，标志着自3月以来首次恢复扩张。制造业采购经理人指数从49.2升至50.1，超出预期的49.4，而非制造业采购经理指数从49.5升至50.2，也高于预期。

China PMIs return to expansion as year-end demand lifts activity.China's official PMIs delivered a clear upside surprise in December, signaling a return to expansion for the first time since March. PMI Manufacturing rose from 49.2 to 50.1, beating expectations of 49.4, while PMI Non-Manufacturing climbed from 49.5 to 50.2, also above forecast.