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每 日早 盘 观 察 每日早盘观察 目录 金融衍生品 股指期货：科技龙头试图上攻，股指分化....................................................................................................3国债期货：短线或可博弈反弹........................................................................................................................4 农产品 蛋白粕：国际库存压力有限价格整体支撑..................................................................................................5白糖：国际糖价继续上涨国内糖价区间震荡..............................................................................................5油脂板块：震荡行情延续................................................................................................................................7玉米/玉米淀粉：现货偏强，盘面高位震荡...................................................................................................7生猪：出栏压力增加现货整体回落..............................................................................................................8花生：花生现货上涨，花生盘面大幅上涨....................................................................................................9鸡蛋：需求表现一般蛋价稳定为主............................................................................................................10苹果：需求表现一般果价稳定为主............................................................................................................11棉花-棉纱：基本面矛盾不大棉价震荡为主...............................................................................................12 黑色金属 钢材：钢价区间震荡，铁水仍有压减空间..................................................................................................13双焦：市场情绪仍偏弱..................................................................................................................................13铁矿：偏空思路对待......................................................................................................................................14铁合金：减产趋势下价格底部震荡..............................................................................................................15 有色金属 金银：12月降息再成基准情景金银维持偏强走势...................................................................................16铜：美降息预期提高，铜价受到支撑..........................................................................................................17氧化铝：实质性减产仍未兑现关注仓单转现............................................................................................18电解铝：需求新动能预期叠加降息预期提升铝价随外盘上涨................................................................19铸造铝合金：铝合金随铝价偏强运行..........................................................................................................19锌：宽幅震荡..................................................................................................................................................20 铅：关注资金面影响......................................................................................................................................21镍：减产刺激镍价反弹库存压制高度.........................................................................................................22不锈钢：供需两弱跟随原料反弹.................................................................................................................22工业硅：区间震荡，该价位下多单持有......................................................................................................23多晶硅：短期偏强..........................................................................................................................................23碳酸锂：需求主线延续长线回调买入........................................................................................................24锡：宏观情绪偏暖，锡价高位偏强震荡......................................................................................................25 航运板块 集运：复航预期仍在加强，12月落地预期较为悲观.................................................................................26 能源化工 原油：地缘不确定性仍存，油价触底回升..................................................................................................27沥青：现货供需弱势，盘面窄幅震荡..........................................................................................................27燃料油：高硫偏弱势维持，低硫供应继续增长..........................................................................................28PX&PTA：现实偏弱预期偏强......................................................................................................................29乙二醇：累库预期仍存..................................................................................................................................30短纤：内需季节性回落..................................................................................................................................31PR(瓶片)：淡季需求预期走弱.....................................................................................................................31纯苯苯乙烯：供需偏弱库存上升.................................................................................................................32丙烯：供给压力依然较大，库存高位..........................................................................................................33塑料PP：日本PP库存连续累库...................................................................................................................33烧碱：烧碱价格偏弱............