Report Summary 1. Report Industry Investment Ratings - No specific industry investment ratings are provided in the report. 2. Core Viewpoints - The report is bullish on the subsequent glass market and suggests a low - buying strategy for glass futures [3][4]. - It expects the A - share market to continue high - level volatile upward movement this week [7]. - It believes that gold will have short - term platform - style small - amplitude oscillations, and the probability of a September interest rate cut by the Fed is increasing, which is beneficial to gold [11][12]. - It indicates that iron ore will have a significant rebound, and a low - buying strategy is recommended [16]. - It suggests a bearish and volatile view on palm oil due to high inventory pressure and lack of demand [24]. - It holds that pulp will maintain bottom - level oscillations in the short term, and investors should pay attention to the 5000 support level for potential long - positions and the Fed's interest - rate decision in September [27]. 3. Summary by Related Catalogs Glass Futures - The current decline in glass futures 2601 price may present a buying opportunity. The price is close to the production cost in the Shahe area, and enterprises may take measures to support the price. Technically, there is a possibility of a rebound [4]. - The daily melting is basically stable, factory inventories continue to accumulate, and the recovery of downstream deep - processing orders is insufficient. Attention should be paid to the restocking situation near the peak season. Technically, the lower support is effective, and a low - buying strategy is recommended [20][21] A - share Market - The trading volume of the A - share market has exceeded 3 trillion, setting a new record for the year. Shanghai has issued the "Shanghai Six Measures" to adjust the purchase restrictions. It is expected that the market will continue high - level volatile upward movement this week [7] Gold - After the Jackson Hole Central Bank Annual Meeting, the Fed Chairman released positive signals, increasing the probability of a September interest rate cut, which is beneficial to gold. Currently, the weekly adjustment is relatively sufficient, and it will have short - term platform - style small - amplitude oscillations [11][12] Iron Ore - With the improvement of steel mill profitability, the molten iron output remains at a high level, and the overall fundamental support is strong. Affected by the strengthening expectation of the Fed's interest rate cut, non - US assets are favored. Technically, it has a strong rally today, the lower support is effective, and a low - buying strategy is recommended [16][17] Palm Oil - The recent cumulative increase in the oil and fat market is large. With the overall increase in inventory pressure and lack of demand, the market's motivation to chase higher prices has declined, and the profit - taking pressure has increased. It should be treated with a bearish and volatile view [24] Pulp - Constrained by high port inventories, the transmission of factors such as the arrival of the "Golden September and Silver October" peak season, overseas production cuts, and price increases is not smooth, and the upward space is limited. It will maintain bottom - level oscillations in the short term. Attention should be paid to the 5000 support level for potential long - positions and the Fed's interest - rate decision in September [27]
金信期货日刊-20250826
Jin Xin Qi Huo·2025-08-26 02:30