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：观望情绪进一步上升....................................................................................................................4国债期货：市场资金面延续宽松....................................................................................................................5 农产品 蛋白粕：供应压力较大盘面整体承压..........................................................................................................6白糖：国际油价大幅震荡国内外糖价回调..................................................................................................6油脂板块：油脂短期高位震荡........................................................................................................................8玉米/玉米淀粉：现货稳定，盘面底部震荡...................................................................................................8生猪：出栏压力较大价格继续下行..............................................................................................................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：短期有所支撑棉价震荡为主...................................................................................................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：特朗普讲话令市场失望金银维持震荡.............................................................................................17铂钯：地缘冲突再起波澜贵金属宽幅震荡.................................................................................................18铜：关注宏观情绪影响..................................................................................................................................19氧化铝：关注仓单消化进度及地缘冲突进展..............................................................................................19电解铝：美伊冲突局势仍存不确定性..........................................................................................................20铸造铝合金：地缘冲突局势仍不确定..........................................................................................................21锌：合理控制仓位..........................................................................................................................................22 铅：区间震荡..................................................................................................................................................22镍：累库压力仍存，镍价偏弱震荡..............................................................................................................23不锈钢：成本支撑，跟随镍价运行..............................................................................................................24工业硅：区间下沿空单逐步减仓..................................................................................................................25多晶硅：新疆某企业减产，区间下沿空单逐步减仓..................................................................................25碳酸锂：供需紧平衡，锂价宽幅震荡..........................................................................................................26锡：关注宏观情绪变化，锡价承压震荡......................................................................................................26 航运及碳排放 集运：现货运价仍在探底，地缘反复博弈..................................................................................................28干散货运价：西澳热带气旋影响逐渐减弱，关注巴西大豆出口增加或将支撑中大型船需求..............29碳排放：中国碳市场交易平淡，欧盟碳市场MSR改革计划仅针对多余配额.........................................30 能源化工 原油：地缘局势再次反复，关注海峡通航可能..........................................................................................32沥青：供应紧缩需求疲弱成本支撑..............................................................................................................32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装置变动增加.............................................................................................36BZ&EB：炼厂降负影响纯苯供应...................................................................................................................37乙二醇：海内外停车增多，供应收紧..........................................................................................................38短纤：终端开机局部下调...........................................................................