Report Industry Investment Rating No relevant information provided. Core View Through macro - fundamental and technical analysis, the report predicts the market trends of various futures on May 9, 2025. It also presents the market performance of these futures on May 8, 2025, and provides an outlook for the market trends in May 2025 [2][3]. Summary by Directory 1. Macro News and Trading Tips - China and Russia signed a joint statement to deepen their comprehensive strategic partnership, with leaders witnessing the exchange of over 20 bilateral cooperation texts [8]. - China's Ministry of Commerce responded to Sino - US economic and trade talks, stating that the US should correct wrong practices and cancel unilateral tariffs [8]. - Multiple departments interpreted the Private Economy Promotion Law, with the National Development and Reform Commission accelerating the improvement of a long - term mechanism for private enterprises to participate in major national projects, and about 3 trillion yuan of high - quality projects to be launched in key areas this year [8]. - The cross - strait integration development demonstration area inter - ministerial and provincial working meeting was held in Fuzhou [8]. - The Hong Kong Monetary Authority maintained the benchmark interest rate at 4.75% [9]. - The UK and the US reached an agreement on tariff trade terms, with the US reducing tariffs on UK - made cars to 10% and on steel and aluminum to zero, and negotiations on a digital trade agreement to be launched [9]. - The EU announced a retaliatory list of 95 billion euros of US goods and sued the US at the WTO over its tariff policies [9]. - The Bank of England cut interest rates by 25 basis points to 4.25%, but there were internal differences [9]. - The US is to start legislative work on a large - scale tax cut plan next week [10]. - The US and Ukraine reached a rare - earth agreement [10]. - The Bank of Japan will continue to raise interest rates if the economy meets expectations [10]. - US initial jobless claims decreased by 13,000 to 228,000 last week, and continuing claims decreased by 28,000 to 1.879 million, both better than expected. However, the labor market may deteriorate under tariff threats [10]. - US labor productivity decreased by 0.8% annually in the first quarter, and unit labor costs jumped by 5.7% [10]. 2. Commodity Futures - related Information - Most domestic commodity futures closed higher at night on May 8, with energy and chemical products generally rising and black series falling across the board [11]. - International oil prices rose sharply on May 8, with US crude oil up 3.81% and Brent crude up 3.40% [11]. - International precious metal futures generally closed lower on May 8, with COMEX gold down 2.40% and COMEX silver down 0.57% [12]. - Most Chicago Board of Trade (CBOT) agricultural futures closed lower on May 8 [12]. - Most London base metals closed higher on May 8 [12]. - Kazakhstan has no plan to cut oil production in May, with its output expected to reach 2 million barrels per day [13]. - The US and Russia held talks on assisting Russia in resuming natural gas exports to Europe [13]. - On May 8, the on - shore RMB against the US dollar closed down 101 basis points, and the central parity rate was down 68 basis points [13]. - The US dollar index fell 0.73% on May 8, and most non - US currencies fell [14]. 3. Futures Market Analysis and Outlook 3.1 Stock Index Futures - On May 8, the main contracts of CSI 300, SSE 50, CSI 500, and CSI 1000 stock index futures all opened slightly lower, then fluctuated upwards. They are expected to be strongly volatile on May 9, and strongly and widely volatile in May 2025 [14][15][16][19][20]. 3.2 Treasury Bond Futures - On May 8, the main contract of the 10 - year treasury bond futures opened slightly higher, fluctuated upwards strongly, and is expected to be widely volatile on May 9. The 30 - year treasury bond futures also opened slightly higher, fluctuated upwards, and are expected to be widely volatile on May 9 [35][37]. 3.3 Gold Futures - On May 8, the main contract of gold futures opened slightly lower, fluctuated downwards, and is expected to be weakly volatile on May 9, and strongly and widely volatile in May 2025 [40][41]. 3.4 Silver Futures - On May 8, the main contract of silver futures opened slightly lower, fluctuated downwards weakly, and is expected to be strongly volatile on May 9, and strongly and widely volatile in May 2025 [47][48]. 3.5 Copper Futures - On May 8, the main contract of copper futures opened slightly lower, fluctuated downwards, and is expected to be strongly volatile on May 9, and widely volatile in May 2025 [53]. 3.6 Aluminum Futures - On May 8, the main contract of aluminum futures opened flat, fluctuated slightly upwards, and is expected to be strongly volatile on May 9, and weakly and widely volatile in May 2025 [58]. 3.7 Alumina Futures - On May 8, the main contract of alumina futures opened slightly higher, fluctuated upwards strongly, and is expected to be strongly volatile on May 9, and widely volatile in May 2025 [62]. 3.8 Zinc Futures - On May 8, the main contract of zinc futures opened slightly higher, fluctuated slightly downwards, and is expected to be strongly volatile on May 9, and weakly and widely volatile in May 2025 [67]. 3.9 Nickel Futures - On May 8, the main contract of nickel futures opened slightly lower, fluctuated downwards, and is expected to be strongly volatile on May 9, and weakly and widely volatile in May 2025 [71]. 3.10 Rebar Futures - On May 8, the main contract of rebar futures opened slightly higher, fluctuated downwards, and is expected to be weakly volatile on May 9, and weakly and widely volatile in May 2025 [75][76]. 3.11 Hot - Rolled Coil Futures - On May 8, the main contract of hot - rolled coil futures opened slightly higher, fluctuated downwards, and is expected to be weakly volatile on May 9 [79]. 3.12 Iron Ore Futures - On May 8, the main contract of iron ore futures opened slightly higher, fluctuated downwards weakly, and is expected to be widely volatile on May 9, and weakly and widely volatile in May 2025 [80][81]. 3.13 Coking Coal Futures - On May 8, the main contract of coking coal futures opened slightly lower, fluctuated downwards, and is expected to be weakly volatile on May 9 [84]. 3.14 Glass Futures - On May 8, the main contract of glass futures opened slightly lower, fluctuated downwards, and is expected to be weakly volatile on May 9 [86]. 3.15 Soda Ash Futures - On May 8, the main contract of soda ash futures opened slightly lower, fluctuated and sorted out, and is expected to be weakly volatile on May 9 [88]. 3.16 Crude Oil Futures - On May 8, the main contract of crude oil futures opened slightly lower, fluctuated downwards, and is expected to be strongly volatile on May 9, and weakly and widely volatile in May 2025 [90]. 3.17 Fuel Oil Futures - On May 8, the main contract of fuel oil futures opened slightly lower, fluctuated weakly, and is expected to be strongly volatile on May 9 [94][95]. 3.18 PTA Futures - On May 8, the main contract of PTA futures opened slightly lower, fluctuated upwards strongly, and is expected to be strongly volatile on May 9 [95]. 3.19 PVC Futures - On May 8, the main contract of PVC futures opened slightly lower, fluctuated downwards, and is expected to be weakly volatile on May 9 [98]. 3.20 Methanol Futures - On May 8, the main contract of methanol futures opened slightly lower, fluctuated downwards, and is expected to be strongly volatile on May 9 [100].
股指期货将偏强震荡，黄金、螺纹钢期货将偏弱震荡，白银、铜期货将偏强震荡，氧化铝、原油行情将震荡偏强
Guo Tai Jun An Qi Huo·2025-05-09 02:31