广发期货日评-20251113

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core View of the Report - The US dollar index has strengthened recently, suppressing the performance of risk assets, but domestic stock index futures show strong resilience. Treasury bond futures are expected to be supported by a loose monetary policy. Precious metals are likely to continue rising due to factors such as a dovish Fed and tight inventory. Various commodity futures are expected to fluctuate within certain ranges, and different trading strategies are recommended for each [3]. 3. Summary by Related Catalogs Financial Sector - Stock Index Futures: A-share market is in a repricing adjustment after the third - quarter reports. It is recommended to wait and see, and consider a bull put spread option strategy in case of a sharp one - day decline [3]. - Treasury Bond Futures: The 10 - year Treasury bond active bond 250016.IB may fluctuate between 1.75% - 1.82%. It is recommended to go long on dips [3]. - Precious Metals: Gold and silver prices are expected to rise. Gold's short - term resistance is around $4190 (956 yuan), and silver remains strong above $51 (11800 yuan). Buying call options and taking profits on rallies is recommended [3]. - Container Shipping Index (European Line): The EC2512 contract is expected to fluctuate between 1650 - 1850 in the short term [3]. Black Sector - Steel: For the RB2601 contract, hold the long - coking coal and short - hot - rolled coil arbitrage, and stay on the sidelines for single - side trading [3]. - Iron Ore: The I2601 contract is expected to fluctuate between 750 - 800. It is recommended to hold the long - coking coal and short - iron ore arbitrage [3]. - Coking Coal: The JM2601 contract is expected to fluctuate between 1170 - 1290. Consider a 1 - 5 coking coal calendar spread arbitrage [3]. - Coke: The J2601 contract is expected to fluctuate between 1650 - 1780. Consider a 1 - 5 coke calendar spread arbitrage [3]. Non - ferrous Sector - Copper: The CU2512 contract is in a narrow - range oscillation, with the main support around 86500 [3]. - Aluminum and Related Products: The AL2601 contract is testing the 22000 resistance level. Other aluminum - related contracts have their respective price ranges and trading suggestions [3]. - Zinc: The ZN2512 contract is expected to fluctuate between 22300 - 23000 [3]. - Tin: Hold long positions in the SN2512 contract as the supply side remains tight [3]. - Nickel: The NI2512 contract is expected to fluctuate between 118000 - 124000 [3]. - Stainless Steel: The SS2512 contract is expected to fluctuate between 12400 - 12800 [3]. - Industrial Silicon: The Si2601 contract is expected to fluctuate between 8500 - 9500 [3]. New Energy and Chemical Sector - Polysilicon: The PS2601 contract is expected to fluctuate between 50000 - 58000 due to rumors of a storage platform [3]. - Lithium Carbonate: The LC2601 contract is in a wide - range adjustment. Pay attention to the performance at the previous high [3]. - PX: The PX2601 contract is expected to fluctuate between 6200 - 6800. Reduce long positions on rallies [3]. - PTA: The TA2601 contract is expected to fluctuate between 4300 - 4800. Reduce long positions and consider a 1 - 5 rolling reverse spread [3]. - Short - fiber: The PF2512 contract's processing fee is expected to fluctuate between 800 - 1100. Shrink the spread on rallies [3]. - Bottle Chip: The PR2601 contract's processing fee is expected to fluctuate between 300 - 450 yuan/ton. Its single - side trading is similar to PTA [3]. - Ethanol: Hold out - of - the - money call options with a strike price of no less than 4100 for the EG2601 contract and consider a 1 - 5 reverse spread on rallies [3]. - Benzene: The BZ2603 contract is expected to be shorted on rallies following the oil price [3]. - Styrene: The EB2512 contract's price is expected to be shorted on rebounds [3]. - LLDPE: Pay attention to the inflection point of inventory reduction for the L2601 contract [3]. - PP: Stay on the sidelines for the PP2601 contract as trading volume has improved and the basis has strengthened [3]. - Methanol: Pay attention to the opportunity of narrowing the MTO spread for the 05 contract of the MA2601 contract [3]. - Caustic Soda: Stay on the sidelines for the SH2601 contract in the short term [3]. - PVC: Adopt a short - selling strategy for the V2601 contract as the supply - demand imbalance persists [3]. - Soda Ash: Wait for the opportunity to short on rebounds for the SA2601 contract [3]. - Glass: Treat the FG2601 contract as weak in the short term as spot sales have weakened [3]. - Natural Rubber: Stay on the sidelines for the RU2601 contract as short - term driving factors are limited [3]. - Synthetic Rubber: Adopt a short - selling strategy on rallies for the BR2601 contract in the medium term, and pay attention to the 10800 resistance level [3]. Agricultural Sector - Meal: Consider a 1 - 5 reverse spread for the M2601 and RM601 contracts and wait for the USDA report [3]. - Pig: Hold a 3 - 7 reverse spread for the LH2601 contract as the previous low provides support [3]. - Corn: Pay attention to the 2200 resistance level for the C2601 contract as the supply is temporarily tight [3]. - Oil: The P contract may reach 8900 in the short term. Pay attention to the bio - diesel policy and the USDA monthly report [3]. - Sugar: The SR2601 contract is expected to fluctuate between 5400 - 5550 [3]. - Cotton: The CF2601 contract is expected to fluctuate between 13400 - 13600 [3]. - Egg: Hold short positions in the 2512 contract of the JD2601 contract as the supply is still abundant [3]. - Apple: The AP2601 contract may reach the previous high of 9300 [3]. - Jujube: The CJ2601 contract is expected to weaken [3].