黄金：突破新高白银：冲顶前高铜：市场情绪回暖，价格上涨

Report Industry Investment Ratings No specific industry investment ratings are provided in the report. Core Views - The report provides short - term trend forecasts for various commodities, including precious metals, base metals, energy, chemicals, and agricultural products, based on their fundamentals, market sentiment, and macro - industry news [2][5]. Summary by Commodity Precious Metals - Gold: Expected to break through new highs, with a trend strength of 2 [2][7][9]. - Silver: Likely to reach the previous high, with a trend strength of 2 [2][7][9]. Base Metals - Copper: Market sentiment has improved, leading to price increases, trend strength is 1 [2][11][13]. - Zinc: Expected to trade in a range, trend strength is 0 [2][14][15]. - Lead: Decreasing inventory supports prices, trend strength is 0 [2][17]. - Tin: Expected to trade in a range, trend strength is 1 [2][20][23]. - Aluminum: Expected to be slightly bullish in a volatile market, trend strength is 0 [2][24][26]. - Alumina: Expected to trade in a range, trend strength is 0 [2][24][26]. - Cast Aluminum Alloy: Attention should be paid to policy implementation progress, trend strength is 0 [24][26]. - Nickel: Narrow - range fluctuations based on fundamentals, with sentiment influenced by news, trend strength is 0 [2][28][33]. - Stainless Steel: Steel prices are expected to fluctuate in a narrow range, trend strength is 0 [2][28][33]. Energy and Chemicals - Carbonate Lithium: The basis is slightly repaired, and the weak - side oscillation continues, trend strength is 0 [2][34][36]. - Industrial Silicon: Market sentiment is more volatile, and attention should be paid to the registration of warehouse receipts, trend strength is 0 [2][37][39]. - Polysilicon: Short - term fluctuations are significantly amplified, trend strength is 0 [2][37][39]. - Iron Ore: Macroeconomic expectations are volatile, leading to wide - range fluctuations, trend strength is 1 [2][40]. - Rebar: Excessive inventory accumulation leads to price oscillations and corrections, trend strength is 0 [2][42][44]. - Hot - Rolled Coil: Excessive inventory accumulation leads to price oscillations and corrections, trend strength is 0 [2][42][44]. - Silicon Ferroalloy: Expected to trade in a wide range, trend strength is 0 [2][46][48]. - Manganese Ferroalloy: Expected to trade in a wide range, trend strength is 0 [2][46][48]. - Coke: Expected to trade in a wide range, trend strength is 1 [2][49]. - Coking Coal: Expected to trade in a wide range, trend strength is 1 [2][49]. - Log: Prices are expected to fluctuate repeatedly, trend strength is 0 [2][51][54]. - Para - Xylene: Supply - demand is in a tight balance, and a long - position spread strategy is recommended [2][55]. - PTA: A long - position spread strategy for monthly differences, and partial profit - taking for the long - PTA and short - MEG strategy [2][55]. - MEG: Partial profit - taking for the long - PTA and short - MEG strategy [2][55]. Others - LPG: Macroeconomic risks are increasing, and crude oil costs are rising [5]. - Propylene: Spot prices are still supported, but attention should be paid to the risk of price decline [5]. - PVC: The downward trend persists, with pressure on prices [5]. - Fuel Oil: Prices declined at night, and it may continue to be weaker than low - sulfur fuel oil in the short term [5]. - Low - Sulfur Fuel Oil: Volatility has increased, and the price spread between high - and low - sulfur fuels in the overseas spot market has risen significantly [5]. - Container Shipping Index (European Line): Expected to trade in a wide range [5]. - Short - Fiber: Expected to consolidate in a range, and a long - PF and short - PR strategy is recommended [5]. - Bottle Chip: Expected to consolidate in a range [5]. - Offset Printing Paper: Trading at a low level with limited upward momentum [5]. - Pure Benzene: Expected to trade with a weak - side oscillation [5]. - Palm Oil: Influenced by macro factors, prices are expected to rebound in a volatile market [5]. - Soybean Oil: Prices are expected to fluctuate at a high level, and the spread between soybean oil and palm oil is expected to narrow [5]. - Soybean Meal: The significant decline in the good - quality rate of US soybeans has a positive impact on prices [5]. - Soybean No. 1: Prices are expected to rebound and fluctuate, and attention should be paid to the market sentiment of the soybean market [5]. - Corn: Prices are expected to trade in a range [5]. - Sugar: Conab has lowered the production forecast for Brazil [5]. - Cotton: Attention should be paid to the listing of new crops [5]. - Egg: There is strong near - end game - playing [5]. - Live Pig: Market expectations have weakened [5]. - Peanut: Attention should be paid to the listing of new peanuts [5].