Report Industry Investment Ratings No relevant content provided. Core Views of the Report - Gold is expected to oscillate and decline, while silver will follow suit [2][5]. - Copper prices are restricted from falling due to inventory reduction [2][10]. - Aluminum will trade within a range, and alumina will continue to decline [2][13]. - Zinc is under pressure, and lead will trade within a range [2][16][19]. - Tin will experience narrow - range oscillations [2][22]. - Nickel is pressured by weak expectations and nickel ore news, while stainless steel is unlikely to fall sharply due to increased marginal production cuts caused by negative feedback [2][28]. - The price of lithium carbonate may remain weak in the short term as the ore price continues to decline [2][34]. - The industrial silicon futures price hits a new low, and it is advisable to short at high prices. Polysilicon shows a weak spot market and a weak futures performance [2][37]. - Iron ore will oscillate weakly as downstream demand reaches a phased peak [2][41]. - Rebar and hot - rolled coil will oscillate downward due to the anticipation of negative feedback [2][46][47]. - Ferrosilicon and silicomanganese will oscillate at low levels as demand expectations weaken [2][51]. - Coke will oscillate at the bottom after the second price cut is implemented, and coking coal will also oscillate at the bottom with the arrival of environmental protection supervision teams [2][55][56]. - Steam coal will oscillate weakly as coal mine inventory increases [2][59]. - Logs will oscillate weakly [2][62]. - For p - xylene and PTA, go long on PX and short on PTA. For MEG, short unilaterally and go long on PTA while shorting MEG [2][29]. - Rubber will oscillate weakly, and synthetic rubber will perform weakly [2][32][34]. - Asphalt will oscillate within a range following crude oil [2][36]. - LLDPE will perform weakly, and PP prices will decline slightly with average trading volume [2][38][40]. - Caustic soda will trade in a range for the time being, and pulp will oscillate [2][41][43]. - Glass prices will remain stable, and methanol will perform weakly [2][45][46]. - Urea will oscillate with weak domestic demand and export support, and styrene will oscillate in the short term [2][48][50]. - Soda ash will see little change in the spot market [2][52]. - LPG will oscillate in the short term, and PVC will perform weakly [2][53][56]. - Fuel oil rebounded during the day session and gapped up significantly at night. Low - sulfur fuel oil is weaker than high - sulfur fuel oil, and the price spread between high - and low - sulfur in the overseas spot market continues to narrow [2][58]. - The container shipping index (European line) will oscillate at a high level, and it is advisable to hold the 10 - 12 reverse spread [2][59]. - Staple fiber will trade in a range in the short term, and bottle chips will also trade in a range in the short term, with the suggestion to go long on processing fees at low prices [2][63]. - Offset printing paper will oscillate weakly [2][64]. - Palm oil will explore the bottom while oscillating due to ongoing risks in the producing areas, and soybean oil will trade within a range as the driving force of the soybean complex is weak [2][65]. - Soybean meal may oscillate weakly as overnight US soybeans closed lower, and soybeans No. 1 will oscillate weakly with stable spot prices [2][68]. - Corn will oscillate strongly, and sugar will break through the support level and decline [2][70][71]. - Cotton prices lack upward momentum as demand enters the off - season [2][72]. - For eggs, wait for the verification of culling after the Dragon Boat Festival, and for live pigs, passive inventory accumulation has occurred, and it is advisable to arrange for a trend reverse spread [2][74][75]. - Peanuts will oscillate [2][76]. Summaries by Related Catalogs Precious Metals - Gold and Silver: Gold is expected to oscillate and decline, and silver will follow. The trend intensity of both is 0. The report provides detailed data on precious metals, including prices, trading volumes, open interests, inventories, and price spreads [2][5][6]. Base Metals - Copper: Copper prices are restricted from falling due to inventory reduction. The trend intensity is 0. The report presents copper - related data and macro and industry news [10][12]. - Aluminum and Alumina: Aluminum will trade within a range, and alumina will continue to decline. The trend intensity of both is 0. The report updates the fundamental data of aluminum and alumina and includes comprehensive news [13][15]. - Zinc: Zinc is under pressure, with a trend intensity of - 1. The report provides zinc's fundamental data and news [16][17]. - Lead: Lead will trade within a range, with a trend intensity of 0. The report offers lead's fundamental data and news [19][20]. - Tin: Tin will experience narrow - range oscillations, with a trend intensity of - 1. The report provides tin's fundamental data and macro and industry news [22][27]. - Nickel and Stainless Steel: Nickel is pressured by weak expectations and nickel ore news, while stainless steel is unlikely to fall sharply due to increased marginal production cuts caused by negative feedback. The trend intensity of both is 0. The report provides fundamental data and macro and industry news [28][33]. Energy and Chemicals - Lithium Carbonate: The price of lithium carbonate may remain weak in the short term as the ore price continues to decline. The trend intensity is 0. The report provides fundamental data and macro and industry news [34][36]. - Industrial Silicon and Polysilicon: The industrial silicon futures price hits a new low, and it is advisable to short at high prices. Polysilicon shows a weak spot market and a weak futures performance. The trend intensity of both is - 1. The report provides fundamental data and macro and industry news [37][39]. - Iron Ore: Iron ore will oscillate weakly as downstream demand reaches a phased peak. The trend intensity is - 1. The report provides fundamental data and macro and industry news [41][43]. - Rebar and Hot - Rolled Coil: Rebar and hot - rolled coil will oscillate downward due to the anticipation of negative feedback. The trend intensity of both is 0. The report provides fundamental data and macro and industry news [46][49]. - Ferrosilicon and Silicomanganese: Ferrosilicon and silicomanganese will oscillate at low levels as demand expectations weaken. The trend intensity of both is 0. The report provides fundamental data and macro and industry news [51][53]. - Coke and Coking Coal: Coke will oscillate at the bottom after the second price cut is implemented, and coking coal will also oscillate at the bottom with the arrival of environmental protection supervision teams. The trend intensity of both is - 1. The report provides fundamental data and price and position information [55][58]. - Steam Coal: Steam coal will oscillate weakly as coal mine inventory increases. The trend intensity is 0. The report provides yesterday's internal market situation, fundamental information, and position information [59][61]. Agricultural Products - Logs: Logs will oscillate weakly. The trend intensity is - 1. The report provides fundamental data and macro and industry news [62][66]. - P - Xylene and PTA: Go long on PX and short on PTA. The report also mentions the trading strategy for MEG [2][29].
黄金：震荡回落，白银：跟随下跌
Guo Tai Jun An Qi Huo·2025-05-29 01:14