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：市场震荡或加大............................................................................................................................3国债期货：跨期价差继续走阔........................................................................................................................4 农产品 蛋白粕：结转库存收紧盘面继续偏强..........................................................................................................5白糖：多空因素交织糖价震荡为主..............................................................................................................5油脂板块：usda报告中性偏多.......................................................................................................................6玉米/玉米淀粉：现货偏弱，盘面底部企稳...................................................................................................7生猪：供应整体稳定价格震荡运行..............................................................................................................8花生：花生现货稳定，花生盘面底部震荡....................................................................................................9鸡蛋：需求表现尚可蛋价有所上涨..........................................................................................................10苹果：走货情况一般果价震荡偏弱..........................................................................................................11棉花-棉纱：全球棉花产量下调棉花价格大趋势仍强...............................................................................11 黑色金属 钢材：焦炭提涨步入尾声，警惕回落风险..................................................................................................13双焦：震荡运行，可关注逢低做多机会......................................................................................................13铁矿：宏观和资金主导，上行空间有限......................................................................................................14铁合金：供需双增，估值偏低不宜追空......................................................................................................15 有色金属 贵金属：CPI超预期上行贵金属下探后反弹...............................................................................................16铜：供应扰动不断，铜价继续上行..............................................................................................................17氧化铝：新投复产共同推进价格承压震荡................................................................................................17电解铝：美伊谈判深陷僵局伦铝高位震荡................................................................................................18铸造铝合金：随铝价震荡为主......................................................................................................................19锌：获利多单继续持有，可设置止损线保护利润......................................................................................19铅：再生铅冶炼成本上移铅价底部仍有支撑.............................................................................................20镍：镍价跟随硫磺价格运行..........................................................................................................................21 不锈钢：中枢抬升，高位运行......................................................................................................................22工业硅：利空逐渐释放，逢高布局空单......................................................................................................22多晶硅：二次探底，短空长多......................................................................................................................23碳酸锂：阶段性供需错配推高锂价..............................................................................................................23锡：AI芯片股回调压力，锡价或偏弱震荡..................................................................................................24 航运及碳排放 集运：美伊谈判陷入僵局，现货偏强支撑盘面..........................................................................................26干散货运价：中小船市场稳步上行支撑BDI维持高位，关注巴拿马运河通行费上涨对成本端的影响27碳排放：中国碳价挂牌协议成交量回暖，法国批评多国推迟化石能源退役计划..................................28 能源化工 原油：和平协议难以达成，驱动油价上行..................................................................................................31沥青：成本波动加剧，供应持续受限..........................................................................................................31燃料油：燃油供应收缩，地缘波动风险加剧..............................................................................................32LPG：需求疲软vs成本支撑..........................................................................................................................33天然气：高位宽幅震荡为主..........................................................................................................................34PX&PTA：5月TA装置检修增多...................................................................................................................35BZ&EB：部分装置意外停车...........................................................................................................................35乙二醇：合成气制乙二醇负荷上升至高点..................................................................................................36短纤：库存偏高订单向上动能较弱..............................................................................................................37瓶片：工厂库存整体平均回升至8天..................................................................................
