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：风格逆转........................................................................................................................................3国债期货：资金小幅收敛，债市窄幅波动....................................................................................................4 农产品 蛋白粕：产量维持高位盘面仍有压力..........................................................................................................5白糖：外盘走势现分歧郑糖价格底部震荡..................................................................................................5油脂板块：中加菜籽贸易扰动，油脂震荡上涨............................................................................................6玉米/玉米淀粉：北港现货偏强，盘面冲高回落...........................................................................................7生猪：供应压力增加现货继续下行..............................................................................................................8花生：花生现货稳定，花生盘面底部震荡....................................................................................................9鸡蛋：临近节前备货，蛋价有所上涨............................................................................................................9苹果：节前走货加速，春节备货积极性增加..............................................................................................11棉花-棉纱：情绪较为乐观棉价有所支撑...................................................................................................11 黑色金属 钢材：需求边际转弱，钢价延续震荡..........................................................................................................13双焦：基本面乏善可陈，关注资金扰动......................................................................................................13铁矿：终端需求低位，矿价震荡运行..........................................................................................................14铁合金：估值偏低存在修复需求，短期震荡偏强......................................................................................15 有色金属 金银：消息面扰动叠加技术性调整金银现“过山车”行情..........................................................................16铂钯：贵金属行情加速，高位流动性受限引发“过山车”走势...................................................................17铜：铜价高位盘整..........................................................................................................................................18氧化铝：低位震荡为主..................................................................................................................................18电解铝：宏观避险预期仍在随板块高位震荡............................................................................................19铸造铝合金：宏观避险预期仍在铝合金高位震荡.....................................................................................20锌：关注国内社会库存变化..........................................................................................................................21 铅：下方或有支撑..........................................................................................................................................22镍：远端预期引领镍价上涨..........................................................................................................................22不锈钢：供需偏紧，成本支撑......................................................................................................................23工业硅：减产消息发酵但焦煤拖累盘面，短期震荡偏强..........................................................................24多晶硅：现货成交价下行，短期期货承压..................................................................................................24碳酸锂：监管降温，关注何时企稳..............................................................................................................25锡：锡价冲高回落..........................................................................................................................................26 航运板块 集运：SCFIS指数不及预期，关注地缘动态................................................................................................27 能源化工 原油：权衡多空，地缘局势仍然紧张..........................................................................................................29沥青：成本支撑，沥青市场价格高位震荡..................................................................................................29燃料油：基本面弱势维持，地缘仍为主要利多驱动..................................................................................30LPG：地缘驱动价格波动加剧........................................................................................................................31天然气：预计LNG价格进一步上涨空间有限，美国HH临近交割注意市场风险...................................32PX&PTA：资金关注度提升，聚酯需求季节性走弱.....................................................................................33BZ&EB：苯乙烯供需格局改善.......................................................................................................................34乙二醇：沙特检修进口存下降预期，连云港装置转产..............................................................................35短纤：供应充足，终端需求减弱..................................................................................................................35瓶片：1月下旬检修加速，跟随成本端偏强...............................................................................................36丙烯：成本端丙烷偏强，丙烯负荷继续下降.......................................................................