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：成交额决定高度............................................................................................................................4国债期货：央行逆回购操作回归“地量”....................................................................................................5 农产品 蛋白粕：供应压力增加盘面整体下行..........................................................................................................6白糖：原油价格下跌国内外糖价回落..........................................................................................................6油脂板块：油脂短期高位震荡........................................................................................................................7玉米/玉米淀粉：现货稳定，盘面底部震荡...................................................................................................8生猪：供应压力增加价格继续承压..............................................................................................................9花生：花生现货偏弱，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：新果季有增产预期关注花期天气....................................................................................................11棉花-棉纱：利多因素支撑走势震荡偏强...................................................................................................12 黑色金属 钢材：地缘冲突缓和，钢价延续震荡偏弱走势..........................................................................................14双焦：情绪消退，关注基本面实质变化......................................................................................................14铁矿：市场预期转弱，矿价偏空运行..........................................................................................................15铁合金：基本面相对平稳，受油价影响高位震荡......................................................................................16 有色金属 金银：美伊双方现缓和信号金银反弹.........................................................................................................17铂钯：地缘冲突边际缓和贵金属短期表现强势.........................................................................................18铜：关注特朗普伊朗问题讲话......................................................................................................................18氧化铝：关注仓单消化进度..........................................................................................................................19电解铝：关注美伊关于冲突进展的讲话......................................................................................................20铸造铝合金：地缘冲突边际存缓和预期......................................................................................................20锌：关注宏观及资金情绪..............................................................................................................................21 铅：区间震荡..................................................................................................................................................22镍：镍价在成本支撑与需求压制之间宽幅震荡..........................................................................................23不锈钢：成本支撑，跟随镍价运行..............................................................................................................24工业硅：偏空参与..........................................................................................................................................24多晶硅：新疆某企业减产，区间下沿空单逐步减仓..................................................................................25碳酸锂：需求数据走强支撑锂价..................................................................................................................25锡：关注宏观情绪变化，锡价或偏强震荡..................................................................................................26 航运及碳排放 集运：现货运价仍在探底，关注特朗普今日讲话......................................................................................28干散货运价：中东地缘冲突持续扰动全球能源运输，煤炭进口抬升或将利好中大型船市场..............29碳排放：中国碳市场交易平淡，欧盟碳市场MSR改革方向传出.............................................................30 能源化工 原油：市场静待特朗普发言..........................................................................................................................32沥青：现货持稳，注意成本波动风险..........................................................................................................33燃料油：地缘冲突背景下燃料油仍维持强势..............................................................................................33LPG：警惕地缘因素反复................................................................................................................................34天然气：地缘风险反复，上涨趋势不改......................................................................................................35PX&PTA：原料影响下未来PTA装置或增加变动.........................................................................................36BZ&EB：炼厂降负影响纯苯供应，苯进口量同比下降...............................................................................37乙二醇：海外停车增多，供应收紧..............................................................................................................38短纤：加工差区间波动......................................................................