黄金：震荡上行白银：突破上行铜：市场谨慎，价格震荡

Report Industry Investment Ratings No specific industry investment ratings are provided in the report. Core Viewpoints The report provides trend forecasts for various commodities in the futures market, including precious metals, base metals, energy, agricultural products, etc., and analyzes their fundamentals and market news [2][5]. Summary by Commodity Precious Metals - Gold: Expected to oscillate upwards, with a trend strength of 1 [2][10]. - Silver: Expected to break through and rise, with a trend strength of 1 [2][10]. Base Metals - Copper: Market is cautious, and prices will oscillate, with a trend strength of 0 [2][11]. - Zinc: Under pressure, with a trend strength of -1 [2][15]. - Lead: Downside may be limited, with a trend strength of 0 [2][18]. - Tin: Prices are weakening, with a trend strength of -1 [2][23]. - Aluminum: Facing upward pressure, with a trend strength of 0; Alumina: Attention should be paid to the impact of the ore end, with a trend strength of -1; Cast aluminum alloy: Will oscillate within a range, with a trend strength of 0 [2][26]. - Nickel: News affects sentiment, and fundamentals are under pressure, with a trend strength of 0; Stainless steel: Reality and macro factors are in a game, and steel prices will oscillate, with a trend strength of 0 [2][31]. Energy - Crude Oil - Related: - Fuel oil: Weakly oscillating at night, may temporarily stabilize in the short - term [5]. - Low - sulfur fuel oil: Temporarily weak, with a slight decline in the high - low sulfur spread of the outer - market spot [5]. - LPG: Cost support is effective, may rebound in the short - term [5]. - Coal - Related: - Coking coal: Will oscillate widely, with a trend strength of 0 [2][52]. - Coke: Will oscillate widely, with a trend strength of 0 [2][52]. - Steam coal: Daily consumption is recovering, and prices will oscillate and stabilize, with a trend strength of 0 [54][57]. Chemicals - Carbonate Lithium: Warehouse receipts continue to decline, pay attention to substantial changes in supply, with a trend strength of 1 [32][35]. - Industrial Silicon: Market sentiment is fermenting, pay attention to upward space, with a trend strength of 1 [36][38]. - Polysilicon: Market news continues to ferment, with a trend strength of 1 [36][38]. - PTA: In the off - season of demand, with a weak unilateral trend [2]. - MEG: Low inventory, positive spread arbitrage on dips [2]. - Styrene: Spot liquidity is released, weakly oscillating [2]. - Soda Ash: Little change in the spot market [5]. - PVC: Weakly oscillating [5]. Agricultural Products - Palm Oil: Doubts about production recovery in the origin, waiting for the evolution of contradictions [5]. - Soybean Oil: Lack of driving force due to insufficient weather speculation on US soybeans [5]. - Soybean Meal: Export expectations improve, US soybeans rise, and domestic soybean meal rebounds [5]. - Corn: Pay attention to the spot [5]. - Sugar: Waiting for guidance from super - expected information [5]. - Cotton: Futures prices hit a new high this year [5]. - Eggs: The expectation of a rebound in the peak season is fulfilled, and the sentiment of culling declines [5]. - Pigs: Sentiment has changed [5]. - Peanuts: There is support below [5]. Others - Shipping: For the container shipping index (European line), hold 10 - 12 and 10 - 02 reverse spreads lightly [5]. - Logs: Oscillate repeatedly, with a trend strength of 0 [58][61].