股指期货策略早餐-20250616

1. Report Industry Investment Ratings No relevant content provided. 2. Core Views of the Report - For financial futures and options, the overall market is affected by overseas and domestic factors. The stock index futures are expected to continue adjusting in the short - term and move in a range in the medium - term, while the bond futures are expected to be strong in the medium - term [1][2]. - For commodity futures and options, different varieties in the metal and new energy materials sector have different trends. Copper is expected to move in a range, while industrial silicon, polycrystalline silicon, and lithium carbonate are expected to be weak [4][6][8][11]. 3. Summary by Related Catalogs Financial Futures and Options Stock Index Futures - Varieties: IF, IH, IC, IM [1] - Intraday View: Continued adjustment [1] - Medium - term View: Range - bound, with the Shanghai and Shenzhen 300 Index operating in the range of [3800, 3950] [1] - Reference Strategy: Hold the sold MO2506 - P - 5800 out - of - the - money put option, and short - sell IM2506 on rallies [1] - Core Logic: Overseas, the initial Sino - US trade agreement and the Middle East conflict have mixed impacts; domestically, the fundamental data is weak, and the market lacks a continuous upward main line [1] Bond Futures - Varieties: TS, TF, T, TL [2] - Intraday View: Short - term bonds fluctuate narrowly, and long - term bonds are strong [2] - Medium - term View: Strong [2] - Reference Strategy: Hold long positions in T2509 or TL2509 [2] - Core Logic: Overseas, the Middle East conflict boosts the domestic bond market; in terms of funds, the central bank's operation is beneficial to long - term bonds; fundamentally, the financial data and price levels support the loose expectation [3] Commodity Futures and Options Metal and New Energy Materials Sector - Copper - Intraday View: 78000 - 79100 [4] - Medium - term View: 60000 - 90000 [4] - Reference Strategy: Adopt a shock - operation strategy [4] - Core Logic: Macroscopically, the Israel - Iran conflict affects the market; in terms of supply, the production plan of a copper mine is reduced, while Yunnan Copper's production increases; in terms of demand, the wire and cable and copper rod industries have different trends; in terms of inventory, LME and SHFE have different inventory changes. The Sino - US tariff negotiation results are crucial for the future copper price [4][5] Metal and New Energy Materials Sector - Industrial Silicon - Intraday View: Weak operation in the range of 7300 - 7400 [6] - Medium - term View: Under pressure in the range of 7000 - 8500 [6] - Reference Strategy: Sell SI2507 - C - 9000 and short - sell futures [6] - Core Logic: Both supply and demand have decreased, and the inventory is at a high level [6][7] Metal and New Energy Materials Sector - Polycrystalline Silicon - Intraday View: Weak operation in the range of 33000 - 34000 [8] - Medium - term View: Low - level operation in the range of 30000 - 40000 [8] - Reference Strategy: Hold the sold PS2507 - C - 45000 [8] - Core Logic: Both supply and demand have decreased, and the inventory is at a high level [8][9][10] Metal and New Energy Materials Sector - Lithium Carbonate - Intraday View: Weak operation in the range of 62000 - 65000 [11] - Medium - term View: The cost support weakens, and the price steadily declines in the range of 59000 - 65000 [11] - Reference Strategy: Hold the sold LC2507 - C - 83000 [11] - Core Logic: The spot price is low, the supply pressure is large, and the total inventory is at a high level [11]