银河期货每日早盘观察

每 日早 盘 观 察 每日早盘观察 目录 金融衍生品 股指期货：市场情绪可能有所修复................................................................................................................4国债期货：外部不确定性仍在........................................................................................................................5 农产品 蛋白粕：供应压力较大盘面整体承压..........................................................................................................6白糖：中国泰国增产超预期国际糖价有所回落..........................................................................................6油脂板块：油脂短期高位震荡........................................................................................................................8玉米/玉米淀粉：现货偏弱，盘面底部震荡...................................................................................................8生猪：供应压力好转市场短期稳定..............................................................................................................9花生：花生现货稳定，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....................................................................................................12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：供需边际改善，油价波动扰动较大..............................................................................................16 有色金属 金银：美伊边打边谈金银维持震荡荡........................................................................................................17铂钯：谈判仍处僵持阶段贵金属宽幅震荡................................................................................................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，当地铝厂减产扩大......................................................................20铸造铝合金：地缘冲突局势仍不确定..........................................................................................................21锌：暂时观望..................................................................................................................................................21 铅：逢高分批布局空单..................................................................................................................................22镍：累库抑制镍上方空间..............................................................................................................................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..................................................................................................................24多晶硅：近月合约或仍有下跌空间..............................................................................................................25碳酸锂：供需紧平衡，锂价宽幅震荡..........................................................................................................25锡：关注宏观情绪变化，锡价承压震荡......................................................................................................26 航运及碳排放 集运：现货运价继续探底，地缘仍有升级风险..........................................................................................28干散货运价：能源中断持续影响散货发运节奏，关注美伊双方谈判的最新进展..................................29碳排放：中国碳市场交易平淡，欧洲钢铁协会呼吁扩大CBAM覆盖范围..............................................30 能源化工 原油：关注特朗普最后期限..........................................................................................................................32沥青：供应低位需求疲弱成本支撑..............................................................................................................33燃料油：俄罗斯供应收紧..............................................................................................................................34LPG：警惕需求负反馈....................................................................................................................................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：纯苯供应减量，苯乙烯负荷回升...................................................................................................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................