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：股指分化持续................................................................................................................................3国债期货：国内“再通胀”叙事稍有生变....................................................................................................4 农产品 蛋白粕：供应压力仍存盘面整体回落..........................................................................................................5白糖：大宗商品波动加大，国内外糖价震荡................................................................................................5油脂板块：油脂整体震荡运行........................................................................................................................7玉米/玉米淀粉：小麦和玉米持续拍卖，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：需求有所改善，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：钢材转向累库，钢价延续震荡..........................................................................................................13双焦：市场情绪降温，注意回调风险..........................................................................................................13铁矿：市场预期反复，矿价高位偏空对待..................................................................................................14铁合金：市场情绪整体降温，短期震荡运行..............................................................................................15 有色金属 金银：彭博指数开启调整金银宽幅震荡.....................................................................................................16铂钯：BCOM调整权重贵金属宽幅震荡......................................................................................................17铜：短线波动加剧，回调企稳后买入..........................................................................................................17氧化铝：仓单增量预期带动价格回调..........................................................................................................18电解铝：短期存回调风险..............................................................................................................................19铸造铝合金：随板块回调..............................................................................................................................20锌：关注资金面影响......................................................................................................................................20 铅：回调企稳后逢低试多..............................................................................................................................21镍：超涨回调后蓄势待发..............................................................................................................................22不锈钢：跟随镍价运行..................................................................................................................................23工业硅：偏空看待..........................................................................................................................................24多晶硅：市场交易行业自律不及预期，盘面弱势......................................................................................24碳酸锂：强势品种回调，仍在高位运行......................................................................................................25锡：短期波动加剧..........................................................................................................................................26 航运板块 集运：现货筑顶逐渐确立，关注后续现货下跌速率..................................................................................28 能源化工 原油：中东地缘风险升温，油价大幅反弹..................................................................................................30沥青：原油价格大涨，成本支撑较强..........................................................................................................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弱势震荡.................................................................................................32LPG：地缘短期溢价，预期仍承压................................................................................................................33PX&PTA：聚酯减产消息发酵.........................................................................................................................34BZ&EB：纯苯继续累库苯乙烯供需矛盾不大..............................................................................................35乙二醇：下游聚酯减产增多，价格修复空间有限......................................................................................36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.....................