期货眼·日迹：每日早盘观察

每 日早 盘 观 察 每日早盘观察 目录 金融衍生品 股指期货：波动不改上行趋势........................................................................................................................3国债期货：风偏上行，债市趋弱....................................................................................................................4 农产品 蛋白粕：供应压力仍存美豆继续回落..........................................................................................................5白糖：国际糖价小幅上涨，国内糖价略偏强................................................................................................5油脂板块：商品情绪回暖，油脂有所上涨....................................................................................................7玉米/玉米淀粉：小麦和玉米拍卖，现货稳定...............................................................................................7生猪：供应压力仍存现货震荡运行..............................................................................................................8花生：花生现货稳定，花生盘面底部震荡....................................................................................................9鸡蛋：需求表现一般，蛋价稳中有涨..........................................................................................................10苹果：冷库库存偏低，果价高位震荡..........................................................................................................11棉花-棉纱：新年度种植面积预计下降，棉价震荡偏强.............................................................................11 黑色金属 钢材：基本面边际转弱，钢价区间震荡......................................................................................................13双焦：延续宽幅震荡......................................................................................................................................13铁矿：市场预期反复，矿价震荡运行..........................................................................................................14铁合金：供需边际改善预期叠加成本推动，短期震荡偏强......................................................................15 有色金属 金银：地缘主导短期内或偏强震荡.............................................................................................................16铂钯：资金做多情绪回暖铂钯重归上行通道.............................................................................................17铜：逢低多思路对待......................................................................................................................................18氧化铝：政策预期下氧化铝价格上涨.........................................................................................................18电解铝：沪铝偏强运行..................................................................................................................................19铸造铝合金：随板块偏强运行......................................................................................................................20锌：关注资金面影响，锌价或高位运行......................................................................................................21 铅：关注国内社会库存变化..........................................................................................................................22镍：资源品炒作，镍价重回金融属性..........................................................................................................23不锈钢：跟随镍价偏强运行..........................................................................................................................24工业硅：短期偏强，中期逢高沽空..............................................................................................................24多晶硅：下游涨价，现货成交中枢上移，偏强看待..................................................................................25碳酸锂：市场情绪乐观，价格偏强运行......................................................................................................25锡：AI需求提振，锡价增仓上行..................................................................................................................26 航运板块 集运：现货正在筑顶，盘面预计高位震荡..................................................................................................28 能源化工 原油：地缘驱动反复，油价宽幅震荡..........................................................................................................30沥青：原料矛盾主导，沥青高位震荡..........................................................................................................30燃料油：地缘扰动频繁，价格波动加剧......................................................................................................31天然气：TTF/JKM低位震荡，HH向下寻找支撑.........................................................................................32LPG：地缘溢价支撑........................................................................................................................................33PX&PTA：涤丝减产逐步落地.........................................................................................................................34BZ&EB：纯苯累库压力放缓苯乙烯供需矛盾不大......................................................................................35乙二醇：华东主港库存略有下降..................................................................................................................35短纤：采购情绪谨慎，加工费承压..............................................................................................................36瓶片：跟随成本端波动，供需面相对宽松...............................................