Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - Through macro - fundamental and technical analysis, the report predicts the trend of various futures on October 14, 2025, including股指期货, bond futures, precious metal futures, base metal futures, and energy and chemical futures [2]. - The report also presents macro - news and trading tips, as well as the latest trends in the commodity futures market [8][11]. Summary by Directory Futures Market Forecast - Stock Index Futures: Expected to be strongly volatile on October 14, 2025. For example, IF2512 has resistance levels at 4592 and 4632 points, and support levels at 4549 and 4498 points. In October 2025, it is likely to be weakly and broadly volatile [2][18]. - Treasury Bond Futures: Both the ten - year and thirty - year treasury bond futures are expected to be strongly volatile on October 14, 2025. The ten - year T2512 will attack resistance levels at 108.26 and 108.32 yuan, with support at 108.01 and 107.95 yuan. The thirty - year TL2512 will attack resistance at 114.9 and 115.4 yuan, with support at 114.3 and 113.8 yuan [2]. - Precious Metal Futures: Gold and silver futures are expected to be strongly volatile on October 14, 2025, and will reach new highs. Gold AU2512 will attack resistance at 940.0 and 950.0 yuan/gram, with support at 928.9 and 921.4 yuan/gram. Silver AG2512 will attack resistance at 11800 and 11900 yuan/kg, with support at 11550 and 11490 yuan/kg [2][3]. - Base Metal Futures: Copper and aluminum futures are expected to be strongly volatile on October 14, 2025. Copper CU2511 will attack resistance at 87000 and 88100 yuan/ton, with support at 85300 and 85000 yuan/ton. Aluminum AL2511 will attack resistance at 21090 and 21210 yuan/ton, with support at 20860 and 20800 yuan/ton. Alumina, nickel, and other base metal futures are expected to be weakly volatile [2][3]. - Energy and Chemical Futures: Glass and soda ash futures are expected to be weakly volatile on October 14, 2025. Glass FG601 will test support at 1133 and 1118 yuan/ton, with resistance at 1181 and 1195 yuan/ton. Soda ash SA601 will test support at 1215 and 1200 yuan/ton, with resistance at 1250 and 1258 yuan/ton. Steel, iron ore, and crude oil futures are also expected to be weakly volatile [2][6]. Macro - news and Trading Tips - China has started to charge special port fees on US ships. In September 2025, China's goods trade imports and exports increased by 8% year - on - year, with exports up 8.4% and imports up 7.5%. China's rare - earth exports declined for the third consecutive month in September [8]. - The 2025 Financial Street Forum Annual Conference will be held from October 27 to 30 in Beijing. The 2025 Nobel Economics Prize has been awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt. Fed's Paulson supports two 25 - basis - point interest rate cuts this year [9]. - Economists have raised the growth forecast for the US economy in 2025 and 2026, but expect weak employment growth. In September 2025, China's soybean and iron ore imports reached record highs for the same period [10]. Commodity Futures Market Trends - On October 13, 2025, international precious metal futures rose significantly, with COMEX gold up 3.24% and COMEX silver up 7.47%. US and Brent crude oil futures also rose. London base metals showed mixed performance, with copper rising significantly [11]. - OPEC slightly increased the global crude oil demand growth forecast for 2025 by 10,000 barrels per day to 1.3 million barrels per day, and kept the 2026 growth forecast at 1.38 million barrels per day. The ILZSG expects a surplus of 91,000 tons of refined lead in 2025 and a larger surplus of 271,000 tons of refined zinc in 2026 [12].
股指期货将偏强震荡,黄金、白银期货价格再创上市以来新高,铜、铝期货将偏强震荡,玻璃、纯碱期货将震荡偏弱,螺纹钢、铁矿石、原油期货将偏弱震荡
Guo Tai Jun An Qi Huo·2025-10-14 02:43