商品研究晨报

观点与策略 黄金：FOMC会议继释放鹰派信号.............................................................................................................................................3白银：2024年降息预期调降.........................................................................................................................................................3铜：美元指数坚挺，压制短期价格.............................................................................................................................................5铝：尝试上破横亘区间上沿，维持偏强思路..........................................................................................................................7氧化铝：陷入高位震荡格局...........................................................................................................................................................7锌：节前高位震荡.............................................................................................................................................................................9铅：高位盘整运行...........................................................................................................................................................................11镍：宏观与基本面共振，下方关注经济性空间....................................................................................................................13不锈钢：钢厂利润承压运行，关注原料偏紧预期...............................................................................................................13锡：周五表现强势...........................................................................................................................................................................15工业硅：预计上行空间不大.........................................................................................................................................................17碳酸锂：偏弱运行...........................................................................................................................................................................19铁矿石：补库需求支撑，短期高位反复..................................................................................................................................21螺纹钢：假期临近，区间思路....................................................................................................................................................23热轧卷板：库存压力仍存，区间震荡......................................................................................................................................23硅铁：供需双增，产业缺口不足...............................................................................................................................................25锰硅：动态博弈反复，震荡为主...............................................................................................................................................25焦炭：高位震荡................................................................................................................................................................................27焦煤：矿难事故再度发生，高位震荡......................................................................................................................................27动力煤：供应扰动延续，高位震荡...........................................................................................................................................29集运指数（欧线）：需求疲软，弱势运行...............................................................................................................................31玻璃：市场逐步走弱......................................................................................................................................................................33PTA：短期有回调............................................................................................................................................................................35MEG：供应压力边际改善，正套...............................................................................................................................................35对二甲苯：短期回调......................................................................................................................................................................38橡胶：震荡运行................................................................................................................................................................................40合成橡胶：节前震荡为主.............................................................................................................................................................42沥青：需求疲弱，现货乏力.........................................................................................................................................................44LLDPE：回调整理.............................................................................................................................................................................46PP:中期调整未结束..........................................................................................................................................................................48烧碱：节前补库到阶段性极限...............