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综合晨报-20250627
Guo Tou Qi Huo· 2025-06-27 03:44
Group 1: Energy - Brent crude oil's 08 contract rose slightly by 0.31%. The Iran - IAEA cooperation is suspended, and the Iran - US negotiation has no definite news. In the third - quarter peak season, the global oil inventory accumulation will narrow, but the loose situation is hard to change fundamentally under OPEC+ production increase pressure. Crude oil will run weakly with short - term fluctuations [1]. - Gold continued to adjust overnight, and silver was strong following non - ferrous metals. With the cease - fire between Israel and Iran, market risk appetite improved. Market focus will shift to tariff negotiations and the Fed [2]. Group 2: Non - ferrous Metals - Copper prices rose overnight. Overseas investment banks emphasized high import tariffs on copper. The market is concerned about the US trade negotiations in July, and the Fed's July interest - rate cut rhythm is also a focus. Short - term, Shanghai copper may rise to 81,000 yuan, and long - term, high - level short - allocation is recommended [3]. - Aluminum followed non - ferrous metals and was strong. Macro risk appetite improved, but the industrial level weakened slightly. The market has large differences, and short - selling opportunities after the narrowing of the monthly spread can be concerned [4]. - Alumina spot transactions were few. The northern spot index fell below 3,100 yuan, and overseas transactions rose slightly to $380. The domestic production capacity is in an over - supply state, and short - selling on rebounds is the main strategy [5]. - Cast aluminum alloy rose slightly following aluminum. The price difference between aluminum and cast aluminum alloy is large, and if the spread between AL2511 and AD2511 expands, a long - AD and short - AL strategy can be considered [6]. - Zinc prices strengthened due to a strike at a zinc smelter, but the domestic zinc smelting capacity is still in surplus. It is advisable to seize short - allocation opportunities in the range of 22,500 - 23,000 yuan/ton [7]. - Nickel rebounded sharply. The impact of the loading progress of Philippine nickel mines on supply is limited, but the pressure on the mine end increases. Nickel iron inventory increased, and pure nickel inventory decreased. Short - term, it is advisable to wait and see [9]. - Tin prices rose. Overseas tin inventory decreased, and the domestic tin raw material supply is strong. Technically, it is advisable to participate in short - selling of far - month contracts in the range of 272,000 - 273,000 yuan [10]. Group 3: Chemicals - Lithium carbonate futures prices rebounded. The mentality of traders changed positively, and the bottom - fishing sentiment continued. The decline rate of Australian ore prices slowed down. Short - term, it will fluctuate [11]. - Industrial silicon futures prices rose and then fell. The market was affected by rumors of factory shutdowns and the rise of coking coal prices. The demand has marginal growth, and the upward space is limited [12]. - Polysilicon futures rebounded from a low level. The downstream demand is weak, and the inventory pressure is large. The market is expected to fluctuate and repair near the key position of 30,000 yuan [13]. - Fuel oil (FU) was weaker than low - sulfur fuel oil (LU). The demand for high - sulfur fuel oil for power generation in the Middle East and North Africa is affected by high cracking valuations, while the cracking of LU rebounded from a low level [21]. - Asphalt supply may be compressed, and the terminal demand is expected to be boosted. The market is relatively strong [22]. - Liquefied petroleum gas (LPG) has a relatively strong demand in the short - term, but the supply pressure is increasing. The market will fluctuate after the geopolitical impact fades [23]. - Urea's agricultural demand is approaching the end of the peak season, but there is still some rigid demand. The export policy is relaxed, and the price will fluctuate strongly in the short - term [24]. - Methanol's import supply reduction expectation failed, but the port inventory decreased significantly. The market will sort out in the short - term [25]. - PVC cost increased, and the supply is still high. The demand is weak, and the long - term price will fluctuate at a low level. Caustic soda is strong at night, but the long - term price is expected to remain low [26]. - PX and PTA were boosted by the rebound of oil prices but are expected to fluctuate narrowly. The supply is expected to increase in the medium - term, and the basis and monthly spread may be under pressure [27]. - Ethylene glycol prices fell and then slowed down. The supply disturbance weakened, and the demand is expected to decline. The price will fluctuate at the bottom [28]. - Short - fiber inventory decreased, and the supply - demand situation is improving, but the profit is weakening. Bottle - chip inventory increased, and the processing margin is weakening. A parking plan in July may help repair the margin, but it should be treated with caution [29]. Group 4: Steel and Iron Ore - Steel prices strengthened at night. The demand for rebar is stable, and the inventory decline slows down. The demand for hot - rolled coil decreases, and the inventory accumulates slightly. The market will fluctuate, and the terminal demand and policies should be concerned [14]. - Iron ore prices rose overnight. The supply is under increasing pressure, and the demand has some resilience. The market is expected to fluctuate [15]. - Coke prices rose significantly. The market has expectations of a price increase. The inventory decreased, and the price may have an upward driving force [16]. - Coking coal prices rose significantly. The policy may strengthen the control of over - production, and the inventory decreased. The price may fluctuate strongly [17]. - Manganese silicon price volatility increased. The inventory decreased, and the production began to rise. Short - term, it is bullish [18]. - Silicon iron prices fluctuated upward. The demand is acceptable, and the supply decreased. The inventory decreased, and short - term, it is bullish [19]. Group 5: Shipping - The spot market of the container shipping index (European line) has no clear positive news. The far - month market may be affected by the resumption of shipping expectations after the easing of the Middle East situation [20]. Group 6: Agricultural Products - Soybean and soybean meal: Soybean meal futures fell 0.37% overnight. The drought in the US soybean - producing areas improved. The domestic spot price fell, and the inventory increased. The market will fluctuate before the planting area report [33]. - Soybean oil and palm oil: US soybeans are weak. The biodiesel development may support vegetable oil prices. Long - term, it is advisable to allocate vegetable oil at low prices, and short - term, wait for the planting area report [34]. - Rapeseed and rapeseed oil: The old - crop rapeseed inventory is tight, and the new - crop has weather uncertainties. The inventory in East China is abundant, and the demand is not good. Short - term, it is advisable to shift from bearish to waiting and seeing [35]. - Domestic soybeans fell. US soybeans are weak, and the domestic supply is supplemented by auctions. Short - term, pay attention to the US soybean planting area report [36]. - Corn futures fluctuated weakly. The spot market has no major contradictions. The expected increase in state - reserve auctions suppresses the increase. The inventory situation varies, and the market will fluctuate [37]. - Hog futures prices rebounded slightly, but the far - month contracts are weak. The short - term rebound space is limited, and long - term, pay attention to the inflection point of production capacity [38]. - Egg futures prices fluctuated downward. The supply capacity is still being released, and the old - hen culling is insufficient. Long - term, it is advisable to short at high prices [39]. - Cotton prices: US cotton rose. The domestic cotton demand is weak, but the inventory is tight. It is advisable to buy at low prices [40]. - Sugar prices: US sugar fluctuated. The Brazilian policy is positive for sugar prices. The domestic sugar import is low, and the inventory pressure is light. The market will fluctuate [41]. - Apple prices fluctuated. The market demand decreased, and the focus is on the new - season output forecast. The output is expected to be bearish, and it is advisable to maintain a bearish strategy [42]. - Wood prices fluctuated. The supply from New Zealand will remain low, but the domestic demand is in the off - season. It is advisable to wait and see [43]. - Pulp prices fell slightly. The suspension of the delivery of a futures brand has limited impact. The inventory is still high year - on - year, and the demand is weak. It will fluctuate weakly [44]. Group 7: Financial Products - Stock index: A - shares fluctuated lower, and index futures contracts fell slightly. The external market rose overnight. The market risk appetite improved, and it is advisable to increase the allocation of technology - growth stocks [45]. - Treasury bonds: Treasury bond futures mostly fell. The central bank increased net investment to help liquidity cross the season smoothly. The bond market trading is dull, and short - term, pay attention to the risk of increased volatility [46].
能源日报-20250626
Guo Tou Qi Huo· 2025-06-26 12:40
Report Industry Investment Ratings - Crude oil: ★☆☆, indicating a slightly bullish/bearish trend with limited trading operability [1] - Fuel oil: ★☆☆, suggesting a slightly bullish/bearish trend with limited trading operability [1] - Low-sulfur fuel oil: ★☆☆, showing a slightly bullish/bearish trend with limited trading operability [1] - Asphalt: ☆☆☆, meaning the short-term bullish/bearish trend is in a relatively balanced state, and it's advisable to wait and see [1] - Liquefied petroleum gas: ☆☆☆, indicating the short-term bullish/bearish trend is in a relatively balanced state, and it's advisable to wait and see [1] Core Viewpoints - Crude oil may fluctuate weakly in the short term, influenced by macro and supply-demand factors, with attention on the progress of US-Iran nuclear talks and the recurrence risk of the Middle East situation [1] - Fuel oil and low-sulfur fuel oil futures are running weakly, with different trends in their cracking spreads [2] - Asphalt has shown strong performance recently, with potential increases in supply and demand [3] - LPG's fundamentals are generally loose, and the market is oscillating after the geopolitical impact fades [4] Summary by Related Catalogs Crude Oil - Overnight international oil prices declined slightly, with the SC08 contract dropping 1.12% during the day [1] - Last week, US EIA crude oil inventories decreased by 5.836 million barrels more than expected, but the four-week average of refined oil apparent demand was still 1.6% lower than the same period last year [1] - In the third-quarter peak season, the global oil inventory accumulation may narrow, but the loose situation is difficult to fundamentally change under the OPEC+ production increase pressure [1] Fuel Oil & Low-Sulfur Fuel Oil - The decline of SC has led to the weak operation of fuel oil futures [2] - As the geopolitical premium of high-sulfur fuel oil fades, FU is weaker than LU [2] - The demand for ship bunkering and deep processing is sluggish, and the demand boost for high-sulfur fuel oil in the Middle East and North Africa in summer is discounted due to the high cracking valuation [2] - The cracking spread of low-sulfur fuel oil has rebounded from a low level [2] Asphalt - BU remained strong today despite SC leading the decline [3] - In July, refineries plan to produce 2.47 million tons of asphalt, with some refinery overhauls postponed and others resuming production [3] - The supply of asphalt may be compressed due to the expected increase in the operating rate of Sinopec's deep processing units [3] - The cumulative year-on-year increase in the shipment volume of 54 sample refineries is considerable, and the terminal demand is expected to be substantially boosted soon [3] LPG - After the geopolitical situation eases, the Middle East market has declined significantly [4] - The domestic chemical demand has rebounded, and the cost advantage of PG in the chemical industry has increased [4] - The supply pressure may decrease, and the market is oscillating after the geopolitical impact fades [4]
软商品日报-20250626
Guo Tou Qi Huo· 2025-06-26 12:34
今天郑棉继续上涨,国内棉花成交一般,基差稳中偏强。纯棉纱成交依旧偏清谈,下游需求仍旧不足,市场交投不佳,下游订 单仍然不佳。截至6月15号,棉花商业库存为312.69万吨,较5丹底减少33.18万吨,消化仍然良好,棉花库存仍存偏紧预期。国 内5月进口4万吨,创近10年新低,同比降22万吨,环比降2万吨。进口持续偏少,也导致国产棉消化进度偏快,虽然库存偏低给 与价格支撑,但需求持续偏弱,再加上中美贸易关系仍不明朗,短期高度或仍然受限。操作上暂时观望或逢低做多为主。 (白糖) | 《八 国控期货 | | 软商品日报 | | --- | --- | --- | | | 操作评级 | 2025年06月26日 | | 棉花 | 女女女 | 曹凯 首席分析师 | | 纸浆 | な女女 | F03095462 Z0017365 | | 白糖 | な女女 | 黄维 高级分析师 | | 苹果 | ★☆☆ | F03096483 Z0017474 | | 木材 | ☆☆☆ | | | 天然橡胶 | ★☆☆ | 胡华轩 高级分析师 | | 20号胶 | ★☆☆ | F0285606 Z0003096 | | 丁二烯橡胶 ★☆☆ | ...
国投期货化工日报-20250626
Guo Tou Qi Huo· 2025-06-26 11:18
Report Industry Investment Ratings - Polypropylene: ★★★ - Styrene: ★★★ - PTA: ★★★ - Short Fiber: ★★★ - Methanol: ★★★ - Urea: ★★★ - PVC: ★★★ - Caustic Soda: ★★★ - Glass: ★★★ - Soda Ash: ★★★ - Plastic: ★★★ - PX: ★★★ - Ethylene Glycol: ★★★ - Bottle Chip: ★★★ [1] Core Views - The methanol market is expected to consolidate within a range in the short term, and attention should be paid to port inventory data and changes in Iranian device and shipping schedules [2]. - The urea price is expected to fluctuate strongly in the short term, and exports may become the key to the subsequent market trend [3]. - The supply - demand contradiction in the polyolefin market continues [4]. - The PX and PTA markets may gradually become looser in the medium term, and the ethylene glycol market will gradually stabilize and enter a bottom - range shock pattern [6]. - The PVC futures price may fluctuate at a low level in the long term, and the caustic soda futures price is expected to continue the low - level trend [7]. - The glass futures price is expected to fluctuate with costs, and the soda ash futures price is mainly based on a high - level short - selling strategy [8]. Summary by Product Methanol - The methanol futures price has risen. With the easing of the Iran - Israel situation, the expectation of a significant reduction in imported methanol supply has failed. Most current devices remain shut down, and the port inventory has decreased significantly. However, downstream acceptance of high - priced raw materials is average [2]. Urea - Urea agricultural demand is gradually approaching the end of the peak season, but there is still some rigid demand. The daily output has decreased slightly, and the supply - demand margin has improved. The export policy has been relaxed, and the port inventory has increased significantly. The short - term international urea price increase has driven the improvement of domestic demand [3]. Polyolefins - The futures prices of polyolefins have risen slightly. Some previously shut - down polyethylene devices have restarted, and the demand is in the off - season. The cost support for polypropylene has declined, and the downstream demand is weak [4]. Polyester - PX and PTA prices continue to fluctuate narrowly. The supply of PX and PTA may increase in the medium term, and the industrial supply - demand pattern may gradually become looser. The ethylene glycol price has fallen and is expected to stabilize. Short fiber and bottle chip prices have followed the raw materials to fluctuate slightly [6]. Chlor - Alkali - The PVC cost has increased, and the supply remains high. The domestic demand is weak, and the new orders are cautious. The caustic soda futures price is expected to continue the low - level trend, and the inventory has increased [7]. Glass and Soda Ash - The glass has shown strength recently due to slight inventory reduction and cost increase. The high - inventory and weak - demand pattern continues. The soda ash has shown strength due to production reduction and cost promotion, but the long - term supply pressure remains [8].
国投期货农产品日报-20250626
Guo Tou Qi Huo· 2025-06-26 11:14
1. Report Industry Investment Ratings - **Buy (★★★)**: Soybean (Bean 1), Soybean Meal, Soybean Oil, Palm Oil, Corn [1] - **Sell (★☆☆)**: Rapeseed Meal, Rapeseed Oil, Live Pigs, Eggs [1] 2. Core Views - The report analyzes the market trends of various agricultural products, including soybeans, soybean meal, soybean oil, palm oil, rapeseed meal, rapeseed oil, corn, live pigs, and eggs. Short - term market trends are affected by factors such as weather, planting area reports, and policy changes, while long - term trends are influenced by supply - demand relationships and bio - diesel development [2][3][4] 3. Summary by Related Catalogs 3.1 Soybean (Bean 1) - Domestic soybeans are in a downward trend. U.S. soybeans are weak due to favorable short - term weather and market waiting for the planting area report. There is little residual grain at the grass - roots level of domestic soybeans, and the policy side is conducting auctions. Short - term focus is on the U.S. soybean area report and weather [2] 3.2 Soybean & Soybean Meal - Soybean meal futures fell 2.43% today. Before the U.S. Department of Agriculture's planting area report on July 1, institutions predict an average soybean planting area of 83.655 million acres. U.S. weather is favorable for soybean growth. Domestic spot prices are falling, and oil mill soybean meal inventories are increasing. The soybean meal market is currently in a volatile state [3] 3.3 Soybean Oil & Palm Oil - U.S. soybeans are weak. Brazil will raise the biodiesel blending ratio to 15% from August 1. The decline of soybean and palm oil has slowed. In the long - term, a long - position strategy for vegetable oils is recommended, waiting for the U.S. soybean planting area report [4] 3.4 Rapeseed Meal & Rapeseed Oil - Rapeseed meal futures continue to be weak. The weather in North American oilseed areas is good. The inventory of rapeseed meal and rapeseed oil in oil mills is low, but the East China inventory is sufficient. A short - position strategy for rapeseed products is recommended [6] 3.5 Corn - Dalian corn futures are fluctuating weakly. There are policies on wheat prices, and the expected state reserve auction suppresses the increase of corn prices. The inventory situation varies between north and south ports. Corn futures are expected to be volatile [7] 3.6 Live Pigs - The main contract of live pig futures rebounds slightly, and the far - month contract is relatively weak. Spot prices are rising slightly. In the medium - term, the pressure of pig supply is large, and the long - term focus is on policy and production capacity inflection points [8] 3.7 Eggs - The main contract of egg futures shows a doji pattern. Spot prices are stable in some areas and slightly lower in others. Egg production capacity is still being released, and a short - position strategy for egg futures is recommended [9]
黑色金属日报-20250626
Guo Tou Qi Huo· 2025-06-26 11:13
Report Industry Investment Ratings - Thread: ☆☆☆, indicating a relatively balanced short - term trend with poor operability on the current trading floor [1] - Hot - rolled coil: ☆☆☆, similar to thread [1] - Iron ore: ☆☆☆, balanced short - term trend and poor operability [1] - Coke: ★☆☆, with a bullish bias but poor operability on the trading floor [1] - Coking coal: ★☆☆, bullish bias and poor operability [1] - Silicomanganese: ★☆★, with a short - term bullish view [1] - Ferrosilicon: ★☆★, short - term bullish [1] Report's Core View - The overall market is affected by factors such as supply - demand relationships, downstream industry conditions, and policies. Different varieties have different trends and outlooks, with some facing supply pressure, some having demand - related issues, and some showing potential for price increases or decreases [2][3][4] Summary by Commodity Steel - Today's steel futures showed a decline and then a rebound. Thread demand remained stable this week, production continued to rise, and inventory depletion slowed. Hot - rolled coil demand declined, production remained high, and inventory slightly increased. High - furnace still has profits, and hot - metal production remains relatively high. However, the off - season acceptance capacity is insufficient, and the negative feedback expectation still ferments repeatedly. Downstream industries have weak demand, and the market is under pressure [2] Iron Ore - Today's iron - ore futures rose slightly. Supply is at a high level globally, and there is an expectation of a volume rush at the end of the quarter. Domestic port inventories have started to rise steadily, increasing supply pressure. Demand from end - users has weakened in the off - season, but steel mills' profitability is okay, and they are not willing to cut production actively. The short - term supply - demand contradiction is limited, and the trend is expected to be volatile [3] Coke - The price rose significantly during the day. There is an expectation of a price increase in the market. Hot - metal production continued to rise slightly to 242.18 tons per day. Coke profit is meager, and coking production has declined from the annual high. Overall coke inventory has decreased, and traders' purchasing willingness is still low. The supply of carbon elements is still abundant, and there is some optimism in the market. Affected by crude - oil price fluctuations, the coke price is weak, but there may be an upward drive [4] Coking Coal - The price rose significantly during the day. Policy may strengthen the control of over - production, which may reduce output. Coking - coal mine production has continued to decline, and some mines have reduced production due to environmental inspections. The spot auction market has slightly improved, and the transaction price has risen slightly. Terminal inventory has continued to decline. The overall supply of carbon elements is abundant, and there is some optimism in the market. Affected by the sharp decline in crude - oil prices, the coking - coal price is in a weak and volatile state, but may be in a strong and volatile state [5] Silicomanganese - The price volatility increased during the day. Due to previous continuous production cuts, inventory has decreased, but weekly production has started to rise, and the improvement in fundamentals is limited. Attention should be paid to South 32's far - month contract price for August. In the long - term, manganese - ore inventory is increasing, and in the short - term, the inventory level is low, and mines' willingness to hold prices has increased. In the short - term, the spot resources of Comilog oxidized ore are in short supply, and the price has risen slightly. The trading logic on the trading floor is changing faster, and it is bullish in the short - term [6] Ferrosilicon - The price fluctuated upward during the day. Hot - metal production has risen to over 242. Export demand remains at about 30,000 tons, with a marginal impact. The production of magnesium metal has increased month - on - month, and secondary demand remains high. Overall demand is okay. Ferrosilicon supply continues to decline, market transactions are average, and inventory has decreased. Some ferrosilicon producers are in cash - flow losses and may adopt a trading model of taking delivery on the trading floor and reselling to downstream, which is conducive to inventory depletion. The trading logic on the trading floor is changing faster, and it is bullish in the short - term [7]
贵金属日报-20250626
Guo Tou Qi Huo· 2025-06-26 11:09
★美联储-3 鲍威尔:关税为一次性影响可能成为基本预期,但需要谨慎应对;在货币政策决策中不考虑联 邦债务问题:稳定币行业已逐步成熟。2柯林斯:当前是保持耐心和谨慎的时机。今年晚些时候可能降息, 但取决于关税影响。 本报告版权属于国投期货有限公司 不可作为投资依据,转载请注明出处 1 【星级说明】红色星级代表预判趋势性上涨,绿色星级代表预判趋势性下跌 ★☆☆ 一颗星代表偏多/空,判断趋势有上涨/下跌的驱动,但盘面可操作性不强 ★★☆ 两颗星代表持多/空,不仅判断较为明晰的上涨/下跌趋势,且行情正在盘面发酵 | Milli | > 国技期货 | 责金属日报 | | --- | --- | --- | | | 操作评级 | 2025年06月26日 | | 黄金 | ななな | 刘冬博 高级分析师 | | 白银 | ☆☆☆ | F3062795 Z0015311 | | | | 吴江 高级分析师 | | | | F3085524 Z0016394 | | | | 010-58747784 gtaxinstitute@essence.com.cn | 随着伊以双方达成停火避险情绪消退,贵金属陷入调整。美国总统特朗普称将 ...
有色金属日报-20250626
Guo Tou Qi Huo· 2025-06-26 10:51
| | 操作评级 | 2025年06月26日 | | --- | --- | --- | | 铜 | ★☆☆ | 肖静 首席分析师 | | 铝 | | F3047773 Z0014087 | | | ★☆☆ | 刘冬博 高级分析师 | | 氧化铝 | ☆☆☆ | F3062795 Z0015311 | | 铸造铝合金 文文文 | | | | 锌 | ★☆☆ | 吴江 高级分析师 | | 错 | ★☆☆ | F3085524 Z0016394 | | | | 张秀睿 中级分析师 | | 镇及不锈钢 立☆☆ | | F03099436 Z0021022 | | 锡 | ☆☆☆ | | | 碳酸锂 | ななな | 孙芳芳 中级分析师 | | | | F03111330 Z0018905 | | 工业硅 | ☆☆☆ | | | 多晶硅 | な女女 | 010-58747784 | | | | gtaxinstitute@essence.com.cn | 【铜】 周四沪铜增仓上涨,现铜报78940元,上海平水铜升水扩至50元,SMM社库微增500吨至13.01万吨。倾向铜价震 荡区间上方阻力有效,空头持有。 (铝&氧化 ...
综合晨报-20250626
Guo Tou Qi Huo· 2025-06-26 02:14
gtaxinstitute@essence.com.cn 综合晨报 2025年06月26日 (原油) 隔夜国际油价小幅回落,布伦特08合约跌0.31%。上周美国EIA原油库存超预期下降583.6万桶,但 成品油表需四周均值仍低于去年同期1.6%。三季度旺季全球石油累库幅度面临收窄,但OPEC+增产 压力之下宽松形势难有根本改观,伊以冲突降温后原油重回宏观与供需面主导,短期震荡偏弱运 行,关注美伊核谈进展及中东局势的反复风险。 【责金属】 随着伊以双方达成停火避险情绪消退,贵金属陷入调整。美国总统特朗普称将于下周与伊朗进行会 谈,也将与俄罗斯总统普京会谈讨论结束乌克兰战争事宜。如冲突不再出现反复,市场关注点将逐 渐转向关税谈判和美联储。鲍威尔连续两日讲话维持观望态度,认为利率的变化将取决于经济走 向。 (铜) 隔夜铜价震荡上涨,LME0-3月现货升水继续下调到100美元。鲍威尔对调降利率节奏持灵活着, 7 月降息概率升温。国内现铜升水缩窄,广东升水缩至10元。等待今日社库,倾向铜价区间上方阻力 有效,空头持有。 【铝】 隔夜沪铝震荡。周一铝锭社库增1.5万吨,消费前置和淡季负反馈初步显现。伊以达成停火,霍尔木 ...
贵金属日报-20250625
Guo Tou Qi Huo· 2025-06-25 10:52
| Millio | > 國授期货 | 责金属日报 | | --- | --- | --- | | | 操作评级 | 2025年06月25日 | | 黄金 | ☆☆☆ | 刘冬博 高级分析师 | | 白银 | ☆☆☆ | F3062795 Z0015311 | | | | 吴江 高级分析师 | | | | F3085524 Z0016394 | | | | 010-58747784 | | | | gtaxinstitute@essence.com.cn | 随着伊以双方达成停火避险情绪消退,贵金属陷入调整。如冲突不再出现反复,市场关注点将逐渐转向关税 谈判和美联储。昨晚鲍威尔讲话维持观望态度,认为利率的变化将取决于经济走向,目前未看到劳动力市场 存在疲惫效迹象,可以暂时保持等待。今晚鲍威尔将继续在参议院委员会就半年度货币政策报告作证词陈述。 ★中东局势-①特朗普认为伊以双方都违反了停火协议,但又表示伊以违反协议都不会面临后果。特朗普还 敌口称不希望伊朗政权更送。②自6月13日以色列袭击伊朗以来的油价涨幅已被完全抹平。③美媒援引美国 初步的情报评估报道,其对伊朗的打击并没有摧毁核设施,白宫否认该报道。④美以领 ...