中国期货市场半年度展望

中国期货市场半年度展望 ChinaFuturesMarketSemiannual Outlook Investment consulting businessqualification： SEC License[2012] No. 669 摘要ABSTRACT 国际化统筹Coordinator： 桂晨曦Gui ChenxiCFA PhDGuichenxi@citicsf.com 本文总结了中信期货部分重点品种2023半年度展望。分为宏观经济、金融期货、能源化工、工业金属、农产品五部分。详细内容可参考中信期货半年报完整版本。 研究员Researcher： 刘道钰(宏观)Liu Daoyu (Macro Economy)从业资格号Qualification No.：F3061482投资咨询号Consulting No.：Z0016422 Thisreportisa summaryof2023 semiannual outlook of major Chinese Futures by CITICFuturesresearch institute, including economy, financial, energy, metal, agriculture products.More details are introduced in the complete series of semiannual outlook reports. 姜沁(权益策略)JiangQin(Euity)从业资格号Qualification No.：F3005640投资咨询号Consulting No.：Z0012407 张菁(固定收益)ZhangJing(Fixed Income)从业资格号Qualification No.：F3022617投资咨询号Consulting No.：Z0013604 桂晨曦(油气及制品)Gui Chenxi(CrudeOil& products)从业资格号Qualification No.：F3023159投资咨询号Consulting No.：Z0013632 胡佳鹏(化工)HuJiapeng(Chemicals)从业资格号Qualification No.：F3039655投资咨询号Consulting No.：Z0013196 张文(贵金属)Zhang Wen (Precious Metals)从业资格号Qualification No.：F3077272投资咨询号Consulting No.：Z0018864 沈照明(有色与新材料)ShenZhaoming(Non-Ferrous Metals)从业资格号Qualification No.：F3074367投资咨询号Consulting No.：Z0015479 俞尘泯(黑色建材)Yu Chenmin(Ferrous Metals)从业资格号Qualification No.：F03093484投资咨询号Consulting No.：Z0017179 李青(农业)Li Qin(Agriculture)从业资格号Qualification No.：F3056728投资咨询号Consulting No.：Z0014122 目录 摘要ABSTRACT.......................................................................................................................................................1一、宏观经济Macro Economy................................................................................................................................31.中国经济China Economy...................................................................................................................................32.海外经济Oversea Economy..............................................................................................................................4二、金融期货Financial Futures..............................................................................................................................51.股指Equity Index.................................................................................................................................................52.国债China's Government Bonds......................................................................................................................63.人民币汇率RMB Exchange Rate......................................................................................................................7三、能源化工Energy & Chemicals........................................................................................................................81.原油Crude Oil......................................................................................................................................................82.液化石油气Liquefied Petroleum Gas...............................................................................................................93.动力煤Thermal Coal.........................................................................................................................................104. PTA........................................................................................................................................................................115. PP&PE...................................................................................................................................................................12四、金属Metals.......................................................................................................................................................131.黄金Gold..............................................................................................................................................................132.铜Copper............................................................................................................................................................143.铝Aluminum.......................................................................................................................................................154.螺纹钢Steel Rebar............................................................................................................................................165.铁矿石Iron ore...................................................................................................................................................17五、农产品Agricultures.........................................................................................................................................181.生猪Live Hog.....................................................................................................................................................182.豆粕Soybean Meal...............................................................................................................................