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：科技股引领行情............................................................................................................................3国债期货：短期走强或缺驱动........................................................................................................................4 农产品 蛋白粕：供应压力增加盘面震荡运行..........................................................................................................5白糖：多空因素交织糖价震荡为主..............................................................................................................5油脂板块：关注今日mpob报告....................................................................................................................7玉米/玉米淀粉：糙米拍卖，盘面偏弱震荡...................................................................................................7生猪：出栏压力增加价格整体下行..............................................................................................................8花生：花生现货稳定，花生盘面底部震荡....................................................................................................9鸡蛋：需求表现尚可周末蛋价上涨..........................................................................................................10苹果：走货情况一般果价震荡偏弱..........................................................................................................11棉花-棉纱：棉价涨速较快短期有所调整...................................................................................................11 黑色金属 钢材：铁水产量见顶，钢价高位震荡..........................................................................................................13双焦：短期高位震荡，中期可等待逢低做多机会......................................................................................13铁矿：宏观和资金主导，上行空间有限......................................................................................................14铁合金：供需平稳，情绪回暖抬升底部......................................................................................................15 有色金属 贵金属：美伊冲突反复贵金属震荡运行.....................................................................................................16铜：风险偏好提高，铜价偏强震荡..............................................................................................................17氧化铝：投复产共同推进关注仓单压力....................................................................................................18电解铝：美伊协议又现变数铝价震荡运行................................................................................................18铸造铝合金：随铝价震荡为主......................................................................................................................19锌：关注国内社会库存变化逢低分批布局多单.........................................................................................19铅：再生铅冶炼成本上移铅价底部仍有支撑.............................................................................................20镍：镍价跟随硫磺价格回落..........................................................................................................................21 不锈钢：中枢抬升，高位运行......................................................................................................................22工业硅：投机情绪高涨，顺势而为，多单及时止盈..................................................................................22多晶硅：二次回踩筑底尚未完成，短线震荡偏弱，长线逢低买入..........................................................23碳酸锂：阶段性供需错配推高锂价..............................................................................................................24锡：美伊局势不明，锡价或承压盘整..........................................................................................................25 航运及碳排放 集运：近月合约受现货支撑，美以谈判焦灼提振盘面情绪......................................................................26干散货运价：地缘冲突持续影响船舶运输效率，散货租金费率或将延续高位运行..............................27碳排放：中国碳价节后回暖，欧盟碳价仍需关注政策变动......................................................................28 能源化工 原油：特朗普拒绝伊朗新提议......................................................................................................................31沥青：供应利多支撑，需求环比释放..........................................................................................................31燃料油：燃油供应收缩，高硫需求驱动......................................................................................................32LPG：需求疲软vs成本支撑..........................................................................................................................33天然气：地缘局势依旧反复..........................................................................................................................34PX&PTA：5月降负幅度大，TA库存逐步去化.............................................................................................35BZ&EB：部分装置检修延期，5月苯乙烯检修增多....................................................................................35乙二醇：合成气制乙二醇负荷上升至高点..................................................................................................36短纤：需求相对弱势......................................................................................................................................37瓶片：工厂库存整体平均回升至8天................................................................................................