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：A股展现韧性.................................................................................................................................4国债期货：地缘扰动暂未明显缓和................................................................................................................5 农产品 蛋白粕：供应压力较大盘面整体承压..........................................................................................................6白糖：巴西制糖比预期下调国际糖价坚挺..................................................................................................6油脂板块：美国生柴如期落地，油脂维持高位震荡....................................................................................8玉米/玉米淀粉：现货回落，盘面偏弱震荡...................................................................................................8生猪：出栏压力好转价格整体震荡..............................................................................................................9花生：花生现货偏强，花生盘面窄幅震荡..................................................................................................10鸡蛋：现货价格趋稳淘汰有所增加..........................................................................................................11苹果：苹果需求尚可价格坚挺....................................................................................................................12棉花-棉纱：利多因素支撑走势震荡偏强...................................................................................................12 黑色金属 钢材：海外情绪搅动期价，钢材缺乏趋势性行情......................................................................................14双焦：地缘扰动钝化，关注基本面实质变化..............................................................................................14铁矿：供应扰动仍存，矿价高位运行..........................................................................................................15铁合金：能源成本有支撑，价格高位震荡..................................................................................................16 有色金属 金银：美伊局势紧张金银宽幅震荡.............................................................................................................17铂钯：冲突持续进行贵金属仍受压制.........................................................................................................18铜：关注美伊局势进程..................................................................................................................................19氧化铝：关注几内亚矿政及中东地缘冲突走势..........................................................................................19电解铝：中东铝厂遇袭后开工情况不确定..................................................................................................20铸造铝合金：地缘冲突持续随铝价宽幅运行.............................................................................................21锌：关注宏观及资金情绪..............................................................................................................................21 铅：低位震荡..................................................................................................................................................22镍：宏观主导短期价格..................................................................................................................................23不锈钢：成本支撑，跟随镍价运行..............................................................................................................23工业硅：轻仓偏空参与..................................................................................................................................24多晶硅：需求羸弱，偏空思路看待..............................................................................................................25碳酸锂：供应扰动发酵支撑价格高位运行..................................................................................................25锡：美伊冲突升级，锡价或维持弱势反弹..................................................................................................26 航运及碳排放 集运：胡塞威胁封锁霍尔木兹海峡，地缘升级风险仍存..........................................................................27干散货运价：中东地缘政治冲突依旧持续，关注西澳部分铝土矿区关停时长......................................28碳排放：碳排放：中国碳市场仍处淡季，欧盟碳市场改革在即..............................................................29 能源化工 原油：海峡停滞满月，战事再次升级..........................................................................................................31沥青：供应收缩持续，底部支撑强劲..........................................................................................................32燃料油：地缘冲突背景下燃料油仍维持强势..............................................................................................32LPG：战事或有升级，盘面高位偏强............................................................................................................33天然气：地缘风险反复，上涨趋势不改......................................................................................................34PX&PTA：供应存计划外缩量预期，PTA企业被动减产..............................................................................35BZ&EB：炼厂降负影响纯苯供应，苯进口量同比下降...............................................................................36乙二醇：海外停车增多..................................................................................................................................37短纤：加工差区间波动..................................................................