投资咨询业务资格：证监许可【2012】31号 【玻璃纯碱（ 】 供需有支撑，价格下行空间有限 国贸期货 黑色金属研究中心 2025-11-17 黄志鸿 从业资格证号：F3051824 投资咨询证号：Z0015761 本报告非期货交易咨询业务项下服务，其中的观点和信息仅供参考，不构成任何投资建议；期市有风险，投资需谨慎 | 影响因素 | 驱动 | 主要逻辑 | | --- | --- | --- | | 供给 | 中性 | 供应高位小幅减量，本周纯碱产量73.93吨，环比下降0.76万吨，跌幅1.01%。其中，轻质碱产量32.84万吨，环比下降0.37万吨。重质碱产量 | | | | 41.09万吨，环比下降0.39万吨。部分企业负荷波动，供应窄幅下移。企业装置开停并存，供应窄幅波动，下周产量或小幅增加。 | | 需求 | 中性 | 短期直接需求企稳，光伏日熔量持稳。下游需求支撑。 | | 库存 | 中性 | 库存震荡，厂家总库存170.73万吨，较上周四下降0.69万吨，跌幅0.40%。其中，轻质纯碱80.02万吨，环比减少1.44万吨；重质纯碱90.71万 | | | | 吨，环比增加0.75万吨。 | | ...

Report Industry Investment Rating There is no information provided in the report regarding the industry investment rating. Core Viewpoints of the Report - In the short - term, supported by risk - aversion sentiment, loose capital, and policy expectations, treasury bond futures are expected to continue their strength and remain in a favorable window period. Market expectations for further monetary policy easing in Q4, including possible reserve requirement ratio cuts and interest rate cuts, have boosted market sentiment. [8] - In the long - term, insufficient effective demand is the main challenge for China's economic development. With the marginal decline in the effectiveness of land finance and debt - driven economic growth, and new growth drivers still in the cultivation stage, combined with potential trade frictions in the Trump 2.0 era, total demand is unlikely to fundamentally recover in the short term, and deflation is likely to continue. Therefore, the fundamentals are still favorable for bond futures. The synergy of monetary and fiscal policies, with monetary policy taking the lead, and the low - interest - rate environment is crucial for policy implementation. The logic of a bond bull market is expected to continue. [8] Summary According to Relevant Catalogs Part One: Main Viewpoints - **Market Performance**: Last week, treasury bond futures contracts of different maturities showed mixed gains and losses with limited fluctuations. [4] - **Policy Impact**: The Q3 monetary policy implementation report indicates a possible marginal loosening of the monetary policy tone, reducing the probability of liquidity disturbances. The central bank conducted 800 billion yuan of 6 - month outright reverse repurchases on November 17, with a net injection of 50 billion yuan after offsetting maturities. [4] - **Macro Data**: Some financial data indicators showed a slowdown in growth, slightly lower than seasonal performance. The financing demand of the household sector remained weak, and corporate bill - padding was significant. The peak of local government bond issuance has passed, and its support for social financing has weakened marginally. [4] Part Two: Liquidity Tracking - **Open Market Operations**: The report presents data on the volume and price of open - market operations, including reverse repurchases and medium - term lending facilities (MLF), as well as their historical trends. [10][11][13] - **Funding Costs**: It shows various funding cost indicators such as deposit - based pledged repo rates, SHIBOR, and Shanghai Stock Exchange pledged repo rates, along with their historical trends. [20] - **Yield Spreads**: The report includes information on treasury bond yield spreads, US treasury bond yield spreads, and their historical trends. [35][37][39] Part Three: Treasury Bond Futures Arbitrage Indicator Tracking - **Basis and Net Basis**: It provides data on the basis and net basis of 2 - year, 5 - year, 10 - year, and 30 - year treasury bond futures, along with their historical trends. [45][53][54] - **IRR and Implied Interest Rate**: The report shows the implied repo rate (IRR) and implied interest rate of 2 - year, 5 - year, 10 - year, and 30 - year treasury bond futures, along with their historical trends. [60][66][67]

1. Report Industry Investment Rating - Not provided in the document 2. Core Viewpoints of the Report - The November USDA supply - demand report was less bullish than expected, leading to an expected correction in the futures market. The poor profit of domestic soybean purchases for crushing indicates that the domestic futures market is expected to follow the trend of the US market. Future attention should be paid to China's soybean procurement news from the US and the trend of new - crop basis [5]. - The overall investment view is that the market will be in a state of oscillation. The trading strategy suggests a unilateral oscillation approach and a wait - and - see attitude for arbitrage. Key factors to monitor include policies and weather [5]. 3. Summary According to Relevant Catalogs 3.1 Main Viewpoints and Strategy Overview Supply - The USDA November supply - demand report adjusted the 2025/26 US soybean yield per acre from 53.5 bushels to 53 bushels, kept the crush at 2.555 billion bushels, reduced exports from 1.685 billion bushels to 1.635 billion bushels, and decreased ending stocks from 300 million bushels to 290 million bushels, showing less - than - expected bullishness [5]. - CONAB predicts that Brazil's new - crop production in 25/26 will reach 177.6 million tons. As of November 8, the soybean planting rate in Brazil was 58.4%, compared with 47.1% the previous week and 66.1% the same period last year, with a five - year average of 57%. Attention should be paid to the relatively dry weather expected in southern Brazil's Rio Grande do Sul state in the coming weeks and the impact of the weak La Niña weather pattern [5]. - From November to December, domestic soybean meal inventories are expected to decline, but the supply in the fourth quarter is still expected to be ample. The progress of vessel bookings for December - January shipments is slow, and the supply gap in the first quarter of next year is uncertain [5]. - Under the current China - Canada trade policy, the expected supply of imported rapeseed meal and rapeseed in China will shrink. Policy changes should be monitored [5]. - The opening of Australian rapeseed imports is expected to supplement the domestic rapeseed meal supply in the fourth quarter [5]. Demand - For livestock and poultry, short - term high inventory levels are expected to be maintained, with no obvious reduction in production capacity, which supports feed demand. However, current breeding profits are in the red, and national policies aim to control the inventory and weight of pigs, which may affect future supply [5]. - Soybean meal has a relatively high cost - performance ratio [5]. - Recently, downstream transactions of soybean meal have been cautious, while提货 performance has been good. Downstream transactions and提货 of rapeseed meal have been cautious [5]. Inventory - Domestic soybean and soybean meal inventories are at historical highs for the same period and are expected to decline from November to December [5]. - The days of soybean meal inventory in feed enterprises have dropped to a low level [5]. - Domestic rapeseed inventories have declined to a low level, and rapeseed meal inventories have been continuously decreasing [5]. Basis/Spread - The basis is neutral [5]. Profit - The profit of domestic soybean purchases for crushing is poor [5]. - The profit of Canadian rapeseed crushing is good [5]. Valuation - From the perspective of crushing profit, the soybean meal futures price is at a relatively low valuation. From the perspective of basis, the recent soybean meal futures price is at a moderately high valuation [5]. Macro and Policy - Since November 10, 2025, at 13:01, the State Council Tariff Commission adjusted the additional tariff measures on imported goods from the US. The 24% additional tariff rate on US imports will continue to be suspended for one year, while the 10% additional tariff rate will be retained. Currently, the tariff rate for China's soybean imports from the US is 13% [5]. 3.2 Fundamental Supply - Demand Data of Meal Products - In November, the inventory - to - consumption ratios of US soybeans and global soybeans in the 25/26 period decreased [34]. - The November report showed a decline in the rapeseed inventory - to - consumption ratio [40]. - The domestic soybean and soybean meal inventories are at high levels, while the inventory of feed enterprises is at a low level [85]. - The crushing profit of US soybeans has declined [55]. - This week, no US soybean export sales data were released [68].

投资咨询业务资格：证监许可【2012】31号 01 PART ONE 主要观点及策略概述 苯乙烯：海外检修增加，纯苯苯乙烯基本面驱动增强 【纯苯&苯乙烯周报】 重整装置密集检修，纯苯苯乙烯驱动向上 国贸期货 能源化工研究中心 2025-11-17 | 影响因素 | 驱动 | 主要逻辑 | | --- | --- | --- | | 供给 | 偏空 | 关于苯乙烯的经济性， 苯乙烯与石脑油的价差约为230美元，苯-石脑油价差100美元，价差小幅扩张，非一体化的生产利润依然是负值。 | | 需求 | 偏空 | 截至2025年11月10日，江苏纯苯港口样本商业库存总量：11.3万吨，较上期库存12.1万吨去库0.8万吨，环比下降6.61%；较去年同期库存10.5万吨累库0.8 万吨，同比上升7.62%。由于利润收缩，供给端检修传闻有所增加，海外由于衍生品的低开工率，需求仍在下降。 | | 库存 | 中性 | 截至2025年11月10日，江苏苯乙烯港口样本库存总量：17.48万吨，较上周期下降0.45万吨，幅度-2.51%。商品量库存在10.18万吨，较上周期减少0.8万吨， | | | | 幅度-7.29%。 | ...

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints of the Report - The current macro - situation is a mix of positives and negatives. After the overall adjustment of the technology sector, the market lacks a core driving force. With the Shanghai Composite Index reaching the 4000 - point mark, there are differences in the market regarding whether the valuation of technology stocks will further increase and whether the market can shift from a structural to a full - fledged slow - bull market. Given the pressure on the economic data in October, it is necessary to observe whether policies will be implemented in advance for hedging. It is expected that the central Huijin will continue to support the index. The stock index is expected to maintain a volatile pattern with a bottom - support and upward pressure. In the short term, market differences are expected to be gradually digested during the index's volatile adjustment, and a new driving force will bring the index to further rise. The trading strategy is to go long in the long - term, with risks focusing on domestic policies and overseas geopolitical factors [3] 3. Summary According to Related Catalogs 3.1 Part One: Main Viewpoints and Strategy Overview - **Economic and Corporate Earnings**: The economic fundamentals showed a weakening trend in October, with investment growth and real - estate prices accelerating their decline. From January to October, the cumulative year - on - year decline in fixed - asset investment was 1.7%, and the growth rate dropped by 1.2 percentage points compared to September. Among them, real - estate investment decreased by 14.7% year - on - year, infrastructure investment increased by 1.51% year - on - year, and manufacturing investment increased by 2.7% year - on - year. Inflation showed a slight rebound, with the CPI year - on - year growth rate turning positive to 0.2% in October. The central bank's monetary policy remains moderately loose [3] - **Macro Policy**: The overall macro - policy is neutral to slightly positive. Although China's economy has shown structural differentiation this year, the overall level has maintained steady growth, and the pressure to achieve the annual economic target is not significant. Therefore, the necessity of further strengthening monetary policy in the short term is low. The current focus should be on implementing existing policies and making policy reserves for cross - cycle adjustment [3] - **Overseas Factors**: Overseas factors are negative. The Fed's stance on whether to cut interest rates in December is hawkish, and some Fed officials believe that caution is needed when interest rates are close to the neutral level. Additionally, the geopolitical situation around China has become more complex recently [3] - **Liquidity**: Liquidity is neutral. The average daily trading volume of A - shares last week increased by 39.9 billion yuan compared to the previous week [3] - **Investment Viewpoint**: The stock index is expected to be volatile. The trading strategy is to go long in the long - term, with risks focusing on domestic policies and overseas geopolitical factors [3] 3.2 Part Two: Stock Index Market Review - **Stock Index Performance**: Last week, the Shanghai - Shenzhen 300 index fell 1.08% to 4628.1, the Shanghai 50 index remained unchanged at 3038.4, the CSI 500 index dropped 1.26% to 7235.5, and the CSI 1000 index declined 0.52% to 7502.8 [5] - **Industry Index Performance**: Among the Shenwan primary industry indices, the comprehensive (7%), textile and apparel (4.4%), commerce and retail (4.1%), pharmaceutical and biological (3.3%), and food and beverage (2.8%) sectors led the gains last week, while the communication (- 4.8%), electronics (- 4.8%), computer (- 3%), machinery and equipment (- 2.2%), and national defense and military industry (- 2.2%) sectors led the losses [9] - **Futures Volume and Open Interest**: The trading volume of CSI 300 futures was 559,733 lots, with a 2.19% increase; the trading volume of Shanghai 50 futures was 251,251 lots, with a 2.93% increase; the trading volume of CSI 500 futures was 629,685 lots, with a 6.27% decrease; the trading volume of CSI 1000 futures was 1,031,832 lots, with a 5.55% decrease. The open interest of CSI 300 futures was 264,876 lots, with a 2.87% increase; the open interest of Shanghai 50 futures was 97,121 lots, with a 6.79% increase; the open interest of CSI 500 futures was 245,018 lots, with a 1.88% increase; the open interest of CSI 1000 futures was 357,222 lots, with a 0.22% increase [11] - **Contract Premium and Discount**: As of November 14, the annualized discount of the current - month contract IF2511 was 15.93%, IH2511 was 7.59%, IC2511 was 19.79%, and IM2511 was 23.88%. The annualized discount of the next - month contract IF2512 was 6.25%, IH2512 was 2.75%, IC2512 was 14.13%, and IM2512 was 18.17%. The annualized discount of the current - quarter contract IF2603 was 3.49%, IH2603 was 1.2%, IC2603 was 11.03%, and IM2603 was 14.01%. The annualized discount of the next - quarter contract IF2606 was 3.51%, IH2606 was 1.19%, IC2606 was 11.01%, and IM2606 was 13.21% [15] - **Cross - Variety Spread**: The spread between the CSI 300 and the Shanghai 50 was 1589.7, at the 94.3% historical quantile; the spread between the CSI 1000 and the CSI 500 was 267.3, at the 43.8% historical quantile; the ratio of the CSI 300 to the CSI 1000 was 0.6, at the 37.5% historical quantile; the ratio of the Shanghai 50 to the CSI 1000 was 0.6, at the 32.8% historical quantile [19] 3.3 Part Three: Stock Index Influencing Factors - Liquidity - **Funds and Macro - Liquidity**: Next week, 112.2 billion yuan of reverse repurchases in the central bank's open market will mature, and 12 billion yuan of treasury cash fixed - term deposits will mature next Thursday. The central bank will implement a moderately loose monetary policy, aiming to keep social financing conditions relatively loose and promote a reasonable recovery of prices [21] - **Market Liquidity Indicators**: As of November 13, the margin trading balance of A - shares was 2.49864 trillion yuan, an increase of 12.9 billion yuan from the previous week. As of November 13, the proportion of margin trading purchases in the total market turnover was 12.2%, at the 97.7% quantile in the past decade. The average daily trading volume of A - shares last week increased by 39.9 billion yuan compared to the previous week. As of November 14, the risk premium rate of the CSI 300 was 5.21, at the 48.6% quantile in the past decade [32] 3.4 Part Four: Stock Index Influencing Factors - Economic Fundamentals and Corporate Earnings - **Macroeconomic Indicators**: In October, GDP growth was not provided, industrial added - value growth was 4.9%, fixed - asset investment decreased by 1.7% year - on - year, real - estate investment decreased by 14.7% year - on - year, infrastructure investment decreased by 0.1% year - on - year, manufacturing investment increased by 2.7% year - on - year, and the CPI increased by 0.2% year - on - year [35] - **Industry - Specific Data**: In the consumer goods industry, the retail sales of enterprises above the designated size showed different growth rates in various categories in October. In the manufacturing industry, different sub - sectors also had different growth rates in October [39][40] - **PMI Indicators**: In October, the manufacturing PMI was 49.0, a decrease of 0.8 from September, and the non - manufacturing PMI was 50.1, an increase of 0.1 from September [43] - **Earnings Indicators of Major Broad - Based Indexes**: As of September 30, 2025, the year - on - year growth rates of net profit attributable to shareholders of the CSI 300, Shanghai 50, and other indexes showed different trends, and the return on net assets also varied [48] - **Financial Data of Shenwan Primary Industry Indexes**: As of September 30, 2025, the year - on - year growth rates of net profit attributable to shareholders and the return on net assets of different Shenwan primary industry indexes showed significant differences [49] 3.5 Part Four: Stock Index Influencing Factors - Policy Drive - **Recent Macro - Policy Trends**: A series of policies have been introduced, including policies to promote service consumption, allocate special funds for consumer goods replacement, adjust real - estate purchase restrictions, and implement consumer loan fiscal subsidy policies [53][54][55] 3.6 Part Five: Stock Index Influencing Factors - Overseas Factors - **US Economic Data**: In October, the US manufacturing PMI was 48.7%, a decrease of 0.4 from the previous value, and the non - manufacturing PMI was 52.4%, an increase of 2.4 from the previous value. In September, the US PCE and core PCE year - on - year growth rates were 0%, and the CPI and core CPI year - on - year growth rates were 3% [63][66] - **Trump Team's Actions**: Trump has proposed a series of tariff - related measures, including imposing additional tariffs on imports from China, Canada, and Mexico, and threatening to take over the Panama Canal and Greenland [70]

【液化石油气（LPG）投资周报】 NGLs市场表现强劲，油气裂解价差高位运行 国贸期货 能源化工研究中心 2025-11-17 国贸期货研究院：叶海文 从业资格证号：F3071622 投资咨询证号：Z0014205 国贸期货研究院：施宇龙 从业资格证号：F03137502 本报告非期货交易咨询业务项下服务，其中的观点和信息仅供参考，不构成任何投资建议；期市有风险，投资需谨慎 本周能化大宗产品收盘价格监控 投资咨询业务资格：证监许可【2012】31号 能化产品收盘价格监控 | 品 种 | 单 位 | 现 值 | 日涨跌幅 | 周涨跌幅 | 月涨跌幅 | 年涨跌幅 | 周价格走势 | 品 种 | 单 位 | 现 值 | 日涨跌幅 | 周涨跌幅 | 月涨跌幅 | 年涨跌幅 | 周价格走势 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 美元兑人民币汇率 | 元 | 7 0825 . | -0 06% . | -0 02% . | -0 17% . | -1 50 ...

卢钊毅 从业资格证号：F3171622 投资咨询证号：Z0021177 本报告非期货交易咨询业务项下服务，其中的观点和信息仅供参考，不构成任何投资建议；期市有风险，投资需谨慎 甲醇：供需偏松价弱，库存维持高位 | 影响因素 | 驱动 | 主要逻辑 | | --- | --- | --- | | 供给 | 偏空 | 本周甲醇供应呈现 "国产减量、进口增量" 的特点。国内甲醇产量较上期略有下降，主要因检修、减产装置带来的产能损失量超过恢复装置的产出量，装置整体产能利用率也 | | | | 随之小幅下滑。进口端表现相反，外轮卸货进程顺畅，进口量较上期有明显提升。受进口增量影响，尽管国产略有减少，本周甲醇总供应量仍较上期有所增加。从后续预期看， | | | | 下期计划恢复的装置数量将增多，而计划检修、减产的装置减少，预计恢复产能将超过损失产能，市场整体供应量或进一步上升。 | | 需求 | 中性 | 本周甲醇需求整体小幅回暖但增量有限，终端疲弱态势未根本改善。主力下游 MTO 消费量略有波动，部分烯烃企业阶段性外采对需求形成一定支撑，不过行业开工率稍有下滑。 | | | | 传统下游表现分化，甲烷氯化物因部分前期停 ...

投资咨询业务资格：证监许可【2012】31号 【玉米周报】 卖压后置，短期反弹 国贸期货 农产品研究中心 2025-11-17 国贸期货研究院 农产品研究中心：黄向岚 从业资格证号：F03110419 投资咨询证号：Z0021658 本报告非期货交易咨询业务项下服务，其中的观点和信息仅供参考，不构成任何投资建议；期市有风险，投资需谨慎 行情回顾：基差震荡 01 PART ONE 主要观点及策略概述 玉米:卖压后置，短期反弹 | 影响因素 | 驱动 | 主要逻辑 | | | --- | --- | --- | --- | | 供给 | 偏空 | （1）东北产地后期仍面临集中上量压力，建议关注12--1月的产地卖压；（2）25/26年度种植成本继续下降，播种面积稳中略减，单产表现良好，整体维持 丰产预期；（3）进口谷物政策限制持续，进口谷物供应缩量。 | | | 需求 | 偏多 | （1）据饲料工业协会数据，2025年9月，全国工业饲料产量3036万吨，环比增长3.4%，同比增长5.0%。饲料企业生产的配合饲料中玉米用量占比为33.6%， 同比下降2.4个百分点。（2）畜禽短期预期维持高存栏，产能去化尚不明显，支 ...

Report Industry Investment Rating - The investment view is to take a wait - and - see approach. Palm oil should be treated as range - bound with a downward bias, soybean oil's basis is expected to be stable with a slight upward trend, and rapeseed oil's basis is supported by the near - term tight supply situation [5] Report's Core View - Supply: Palm oil is bearish in the near - term, soybean oil is neutral, and rapeseed oil is bearish overall but bullish in the near - term. Reasons include high palm oil inventories in Malaysia, expected increase in China's palm oil imports in Q4, limited positive impact from the USDA report, and short - term raw material shortages for rapeseed oil [5] - Demand: A wait - and - see approach is recommended. Factors include the active promotion of Indonesia's biodiesel policy, the undetermined US biodiesel RVO, stable domestic consumption and export support for soybean oil, and the upcoming peak consumption season for rapeseed oil in winter [5] - Inventory: A wait - and - see approach is advised. China's total oil inventory remains high, rapeseed oil is continuously de - stocking due to raw material shortages, palm oil has inventory replenishment expectations, and the destination of imported US soybeans for soybean oil needs attention [5] - Macro and Policy: Bearish. The USDA report's export data was lower than expected, Indonesia's B50 implementation has uncertainties, the US biodiesel RVO is still uncertain, and Canada plans to increase biodiesel production capacity [5] Summary by Relevant Catalogs PART ONE: Main Views and Strategy Overview - Impact Factors: Analyzes supply, demand, inventory, and macro - policy factors, and provides corresponding investment views and trading strategies [5] - Trading Strategies: Suggests shorting the palm oil 01 contract, buying call options for protection, and conducting an arbitrage strategy of going long on Y01 and shorting P01 [5] PART TWO: Market Review - Presents the closing prices of major oil contracts and the trend of the agricultural product index, as well as price differences such as P1 - 5, Y1 - 5, and OI1 - 5 [7][11][12] PART THREE: Oil Supply and Demand Fundamentals - Southeast Asian Weather: Shows precipitation and temperature forecasts in Southeast Asia [21][23][25] - Indonesia's Monthly Supply and Demand: Displays data on Indonesia's palm oil production, domestic consumption, exports, and ending inventory [34][39] - Malaysia's Monthly Supply and Demand: Presents data on Malaysia's palm oil production, domestic consumption, exports, and ending inventory [40][45] - India's Monthly Imports and International Bean - Palm Price Difference: Shows India's imports of palm oil, soybean oil, and sunflower oil, as well as the price difference between Argentine soybean oil and Malaysian palm oil [46][50] - China's Palm Oil Import Profit and Supply - Demand: Displays data on China's palm oil imports, trading volume, commercial inventory, import cost, and profit [52][54][56] - Weather and US Soybean Production: Shows the temperature and precipitation distribution in soybean - producing areas in the US, Brazil, and Argentina, as well as the US soybean's good - to - excellent rate and harvest progress [63][66][72] - US and Brazil Export Situation: Presents data on US soybean exports and Brazil's soybean exports [76][80] - China's Soybean and Soybean Oil Situation: Displays data on China's soybean arrivals, soybean oil production, trading volume, and inventory [90] - Canadian and European Rapeseed Situation: Shows precipitation and temperature forecasts in Canadian and European rapeseed - producing areas, as well as Canada's soil moisture [91][100] - Rapeseed Export and Domestic Arrival: Presents data on rapeseed exports from producing areas and China's rapeseed arrivals [102][104] - China's Rapeseed and Rapeseed Oil Situation: Displays data on China's rapeseed crushing volume, rapeseed oil production,提货量, and inventory [109][113]

本我青中的信息均源于公元可获得的资料、国资税分为救困问事。但不对上达信息的准确性及完整性的任何保证、本者告不构成个人投资建议、也未分对个别投资者持放的投资目标、好多优规或票、投资 者需自行判断本报告中的任何意见或建议是否符合其特定状况。据北投资，责任章负。本报告仅向榜定客户推选，未到国资期货授权许可，任何引用、转载以及南第三京传播的行为收购成"国贸联货的景观 声 明 我司将视情况追究法律责任。 期市有风险,入市需谨慎。 II C E K E S 投资咨询业务资格:证监许可【2012】31号 ITG国贸期货 1）行情回顾：11月14日，沪金期货主力合约收跌0.29%至953.2元/克，沪镜期货主力合约收跌0.04%至1250元/于克。但周五夜盘、贵金属价格大幅下挫。伦敦金 一度跌破4050美元/盎司关口，沪金夜盘收跌2.53%至924.86元/克: 伦敦银跌幅一度超4%至60美元/盎司关口附近、沪银夜盘跌3.59%至11994元/千克。 同情况: 2）解析及短期展望：在美国关键经济数据持续缺失背景下，多位美联储官员发表偏鹰派言论，市场预测美联储12月降息概率低于50%，美债收益率回升，引发投资 ʊℓ腊微 者恐慌 ...