Report Summary 1) Report Industry Investment Rating No relevant content provided. 2) Report's Core View - The current decline in the price of the glass futures 2601 contract may be孕育 a long - making opportunity. The price is close to the production cost in the Shahe area, and the shrinking volume indicates a possible rebound [3]. - For the stock index futures, the market will continue to fluctuate upward at a high level [7]. - The probability of a September interest rate cut in the US has increased, which is bullish for gold. Currently, the weekly adjustment is relatively sufficient, and it is in a short - term small - range shock [11]. - For iron ore, the overall fundamentals are strongly supported, but the market sentiment has weakened recently. It is in a high - level wide - range shock, and attention should be paid to the support level [14][15]. - For glass, the daily melting is basically stable, the factory inventory continues to accumulate, and the downstream deep - processing orders are not fully recovered. Consider going long at low levels when it stabilizes [18][19]. - For palm oil, due to the large cumulative increase in the recent oil market, with rising inventory pressure and lack of demand, the market's motivation to chase up has declined, and it should be treated with a bearish bias [22]. 3) Summary by Related Catalogs Hot Focus - The price of the glass futures 2601 contract has fluctuated sharply recently. The core support for the short - side counterattack is the imbalance between supply and demand and high inventory. The potential signals for long - making are the cost bottom line and the expected turn [3]. Technical Analysis - Stock Index Futures - The market will continue to fluctuate upward at a high level. Relevant information includes the Fed's stance on not supporting a September interest rate cut and the increased enthusiasm of real - estate enterprises to acquire land [7]. Technical Analysis - Gold - The July non - farm payroll data was significantly lower than expected, and the data for May and June were significantly revised downward, indicating that the US economy is not as strong as expected. The probability of a September interest rate cut has increased, which is bullish for gold. Currently, the weekly adjustment is relatively sufficient, and it is in a short - term small - range shock [11]. Technical Analysis - Iron Ore - The profitability of steel mills has improved, and the molten iron output remains at a high level, with strong fundamental support. However, the recent market sentiment has weakened, and the black series has collectively corrected. Technically, it is in a high - level wide - range shock, and attention should be paid to the support level [14][15]. Technical Analysis - Glass - The daily melting is basically stable, the factory inventory continues to accumulate, and the downstream deep - processing orders are not fully recovered. Technically, the recent correction is approaching the important support level below. Consider going long at low levels when it stabilizes [18][19]. Technical Analysis - Palm Oil - The recent oil market has had a large cumulative increase. With rising inventory pressure and lack of demand, the market's motivation to chase up has declined, and the profit - taking pressure has increased. It should be treated with a bearish bias [22].
金信期货日刊-20250825
Jin Xin Qi Huo·2025-08-25 01:00