Core Viewpoint - The main focus is on the recent performance of lumber futures, which showed a slight decline of 0.18%, with the main contract trading at 825.0 yuan, indicating a weak market sentiment [1][2]. Group 1: Market Performance - Lumber futures experienced a weak fluctuation, with the lowest point reaching 822.0 yuan and a current price of 825.0 yuan, reflecting a minor decrease [1]. - The overall market is characterized by an inverted relationship between domestic and international prices, with foreign pricing still on the rise, providing strong cost support [2]. Group 2: Institutional Insights - New Lake Futures suggests a strategy of buying on dips for the November lumber contract, anticipating a recovery in demand as the peak season approaches, while monitoring macroeconomic policies and actual demand [2]. - According to Ruida Futures, the recommendation is to operate within a range, with support around 800 yuan and resistance near 830 yuan, as the supply and demand dynamics show marginal recovery [3]. Group 3: Supply and Demand Dynamics - Customs data indicates a slight month-on-month decrease in the import volume of lumber and softwood, while year-on-year figures show an increase, with New Zealand's lumber shipments also declining in August [3]. - The average daily outflow of lumber from ports has decreased, and the current inventory of softwood at ports stands at 2.86 million cubic meters, reflecting a reduction of 60,000 cubic meters, indicating a neutral inventory level for the year [3].
基本面无较大矛盾 原木区间操作
Jin Tou Wang·2025-10-10 07:08