Report Industry Investment Rating No relevant information provided. Core View of the Report Through macro - fundamental analysis and technical analysis, the report predicts the trends of various futures contracts on November 19, 2025, including whether they will be strongly or weakly volatile, and provides corresponding resistance and support levels [2]. Summary by Related Catalogs 1. Macro News and Trading Tips - Premier Li Qiang called for free trade and strengthened cooperation in the SCO, and met with Russian President Putin. China - Japan diplomatic consultations were held, and China expressed dissatisfaction with the results. The US modified patent rules, which China responded to as discriminatory. Hainan Free Trade Port is about to be fully closed, and policies for high - standard digital parks were released. Unemployment data for different age groups in October was announced. False information about the Guangdong - Hong Kong - Macao Greater Bay Area was refuted. Trump mentioned the selection of the next Fed chair. Saudi Arabia promised to increase investment in the US. A bill related to Epstein may pass in the US Senate. US employment data showed a decline in private - sector jobs, and initial and continuing jobless claims were reported [8][9][10]. 2. Commodity Futures - Related Information - The trading and intraday closing fees for the lithium carbonate futures LC2601 contract will be adjusted on November 20. On November 18, international precious metal futures generally fell, oil futures rose, and London base metals fell. The EU plans to restrict waste aluminum exports, and India's gold imports in October reached a record high. Exchange rates and the performance of the on - shore and offshore RMB against the US dollar were also reported [11][12][13]. 3. Futures Market Analysis and Forecast Stock Index Futures - On November 18, major stock index futures contracts such as IF2512, IH2512, IC2512, and IM2512 generally opened slightly lower, rebounded and then declined. They faced resistance and continued to have a slight increase in downward pressure. It is expected that on November 19, stock index futures will be strongly volatile, and in November 2025, they will have a wide - range volatile trend [13][14][19]. Treasury Bond Futures - On November 18, the ten - year and thirty - year treasury bond futures contracts opened slightly higher, fluctuated slightly and strengthened. The central bank conducted 4075 billion yuan of 7 - day reverse repurchase operations, with a net investment of 37 billion yuan. It is expected that on November 19, both contracts will have a wide - range volatile trend [39][42][44]. Gold Futures - On November 18, the gold futures contract AU2512 opened slightly higher, rebounded and then declined, with increased downward pressure. It is expected that in November 2025, the main continuous contract will be strongly volatile in a wide range, and on November 19, the AU2512 contract will be strongly volatile [44][45]. Silver Futures - On November 18, the silver futures contract AG2602 opened slightly higher, fluctuated weakly and declined, with significantly increased downward pressure. It is expected that in November 2025, the main continuous contract will be strongly volatile in a wide range and may hit a record high, and on November 19, the AG2602 contract will be weakly strong [53][54]. Copper Futures - On November 18, the copper futures contract CU2512 opened slightly lower, fluctuated and declined, with increased downward pressure. It is expected that in November 2025, the main continuous contract will have a wide - range volatile trend, and on November 19, the CU2601 contract will be strongly volatile [57]. Aluminum Futures - On November 18, the aluminum futures contract AL2601 opened slightly lower, fluctuated and declined, with increased downward pressure. It is expected that in November 2025, the main continuous contract will be strongly volatile in a wide range, and on November 19, the AL2601 contract will be strongly volatile [64]. Alumina Futures - On November 18, the alumina futures contract AO2601 opened flat, fluctuated and declined, with increased downward pressure. It is expected that in November 2025, the main continuous contract will have a wide - range volatile trend, and on November 19, the AO2601 contract will fluctuate and consolidate [69]. Polysilicon Futures - On November 18, the polysilicon futures contract PS2601 opened with a gap down, fluctuated weakly, with increased downward pressure. It is expected that on November 19, the PS2601 contract will have a wide - range volatile trend [74]. Lithium Carbonate Futures - On November 18, the lithium carbonate futures contract LC2601 opened slightly higher, fluctuated and declined, with increased upward space and downward pressure. It is expected that in November 2025, the main continuous contract will be weakly strong, and on November 19, the LC2601 contract will be strongly volatile [74][75]. Rebar Futures - On November 18, the rebar futures contract RB2601 opened slightly higher, fluctuated and declined, with a slight increase in downward pressure. It is expected that in November 2025, the main continuous contract will have a wide - range volatile trend, and on November 19, the RB2601 contract will be weakly volatile [80]. Hot - Rolled Coil Futures - On November 18, the hot - rolled coil futures contract HC2601 opened slightly lower, fluctuated and declined, with a slight increase in downward pressure. It is expected that on November 19, the HC2601 contract will be weakly volatile [85]. Iron Ore Futures - On November 18, the iron ore futures contract I2601 opened slightly lower, fluctuated and rose slightly. It is expected that in November 2025, the main continuous contract will be weakly volatile in a wide range, and on November 19, the I2601 contract will be weakly volatile [88]. Coking Coal Futures - On November 18, the coking coal futures contract JM2601 opened slightly lower, fluctuated weakly and declined, with significantly increased downward pressure. It is expected that in November 2025, the main continuous contract will be weakly volatile in a wide range, and on November 19, the JM2601 contract will be weakly volatile [94][95]. Glass Futures - On November 18, the glass futures contract FG601 opened slightly higher, fluctuated and declined, with increased downward pressure. It is expected that in November 2025, the main continuous contract will be weakly volatile, and on November 19, the FG601 contract will be weakly volatile [97]. Soda Ash Futures - On November 18, the soda ash futures contract SA601 opened slightly higher, fluctuated and declined, with increased downward pressure. It is expected that in November 2025, the main continuous contract will be weakly volatile in a wide range, and on November 19, the SA601 contract will be weakly volatile [102][103]. Crude Oil Futures - On November 18, the crude oil futures contract SC2601 opened slightly lower, fluctuated and declined slightly, with a slight increase in downward pressure. It is expected that in November 2025, the main continuous contract will have a wide - range volatile trend, and on November 19, the SC2601 contract will be strongly volatile [106]. Fuel Oil Futures - On November 18, the fuel oil futures contract FU2601 opened slightly higher, fluctuated and declined, with increased downward pressure. It is expected that on November 19, the FU2601 contract will have a wide - range volatile trend [110]. PTA Futures - On November 18, the PTA futures contract TA601 opened slightly higher, fluctuated and declined slightly, with a slight increase in downward pressure. It is expected that on November 19, the TA601 contract will be strongly volatile [112]. PVC Futures - On November 18, the PVC futures contract V2601 opened slightly lower, fluctuated and declined, with increased downward pressure. It is expected that on November 19, the V2601 contract will be weakly volatile [113]. Methanol Futures - On November 18, the methanol futures contract MA601 opened slightly higher, fluctuated slightly and strengthened, with a slight increase in downward space. It is expected that on November 19, the MA601 contract will be weakly volatile [116]. Soybean Meal Futures - On November 18, the soybean meal futures contract M2601 opened slightly higher, fluctuated and declined slightly, with a slight increase in downward pressure. It is expected that on November 19, the M2601 contract will be weakly volatile [118]. Soybean Oil Futures - On November 18, the soybean oil futures contract Y2601 opened slightly higher, fluctuated and rose slightly. It is expected that on November 19, the Y2601 contract will be strongly volatile [119]. Palm Oil Futures - On November 18, the palm oil futures contract P2601 opened slightly higher, fluctuated and rose slightly. It is expected that on November 19, the P2601 contract will be strongly volatile [122]. Natural Rubber Futures - On November 18, the natural rubber futures contract RU2601 opened flat, fluctuated and declined slightly, with a slight increase in downward pressure. It is expected that on November 19, the RU2601 contract will be strongly volatile [124].
股指期货将偏强震荡，白银期货将震荡偏强，黄金、铜、碳酸，锂、原油期货将偏强震荡，螺纹钢、铁矿石、焦煤、玻璃、纯碱、甲醇、豆粕期货将偏弱震荡
Guo Tai Jun An Qi Huo·2025-11-19 02:56