Report Industry Investment Rating - No relevant information provided Core View of the Report - The glass futures secondary main contract is in a game between "weak reality" and "strong expectation", with many supporting factors from cost, supply, inventory, policy, and capital aspects, and has long - term bottom - fishing value [3] - The stock index futures are significantly oversold, with shrinking trading volume and a wait - and - see attitude in the capital market, expected to remain in high - level oscillations [7] - Gold has rebounded and is approaching an important resistance level, with increased oscillations and expected to fluctuate for some time [12] - Iron ore is in the process of finding a bottom, with weak domestic demand support, and should be treated as a wide - range oscillation for high - selling and low - buying [14] - Glass daily melting has little change, inventory has increased this week, and can be regarded as an oscillatory upward trend [18] - For methanol, there is an opportunity to short in the short - term and go long in the long - term [21] - Pulp futures show an oscillatory downward trend [25] Summary by Related Catalogs Analysis of the Possibility of Bullish on Glass Secondary Main Contract - Cost provides strong support, and the decline space of the contract price is limited. The industry's break - even point is about 980 - 1000 yuan/ton, and the glass secondary main contract was reported at 1113 yuan/ton on November 21 [3] - Supply contraction continues to increase, and the supply - demand pattern is gradually optimized. Four coal - fired production lines in the Shahe area have been shut down for cold repair, with a total daily melting volume of 2650 tons, driving the national float glass daily output to decline by 1.33% month - on - month [4] - The contract is undervalued, and the long - term allocation value is prominent. Some institutions suggest buying in batches on sharp drops and taking profit when the industry profit returns to the break - even point [4] Technical Analysis of Stock Index Futures - Significantly oversold, with shrinking trading volume, and expected to remain in high - level oscillations, it is recommended to observe more and act less [7] Technical Analysis of Gold - After a rebound, it is approaching an important resistance level, with increased oscillations and expected to fluctuate for some time [12] Technical Analysis of Iron Ore - In the process of finding a bottom, with weak domestic demand support, and should be treated as a wide - range oscillation for high - selling and low - buying [14] Technical Analysis of Glass - Daily melting has little change, inventory has increased this week, and can be regarded as an oscillatory upward trend [18] Technical Analysis of Methanol - As of November 19, 2025, the total inventory of Chinese methanol ports was 147.93 million tons, a decrease of 6.43 million tons from the previous period. There is an opportunity to short in the short - term and go long in the long - term [21] Technical Analysis of Pulp - The import volume in October decreased month - on - month, and the domestic port inventory is in a destocking trend. The supply is still abundant, and the futures show an oscillatory downward trend [25]
金信期货日刊-20251125
Jin Xin Qi Huo·2025-11-25 01:10