股指期货将偏强震荡白银期货将再创上市以来新高原油期货将偏强震荡多晶硅、焦煤期货将震荡偏弱螺纹钢、铁矿石、碳酸锂期货将偏弱震荡：期货行情前瞻研究

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - Through macro - fundamental and technical analysis, the report predicts the trend of various futures on December 8, 2025, including股指期货,国债 futures, precious metal futures, base metal futures, and agricultural and energy futures [1][2]. - It also provides an outlook for the trend of the main continuous contracts of various futures in December 2025 [56][61][65]. 3. Summary by Related Catalogs 3.1 Futures Market Overview - From January to November, the cumulative trading volume of the national futures market was 8.117 billion lots, and the cumulative trading volume was 675.45 trillion yuan, with year - on - year increases of 14.74% and 20.19% respectively. As of now, there are 164 listed futures and options varieties in China [18]. 3.2 Macro News - Multiple domestic and international macro - events are reported, such as French President Macron's state visit to China, relevant meetings of the State Council, and international economic and trade dialogues. These events may have an impact on the futures market [9]. - The latest inflation data in the United States provides a basis for the Fed to cut interest rates in December, which may affect the global financial and futures markets [16]. 3.3 Futures Market Analysis and Outlook 3.3.1 Stock Index Futures - On December 5, 2025, the main contracts of stock index futures (IF2512, IH2512, IC2512, IM2512) showed a trend of opening slightly lower, rising after falling, and closing higher. They are expected to be strong and fluctuate on December 8, 2025 [23][24][25][31]. - The main contracts of stock index futures in December 2025 are expected to fluctuate widely [30]. 3.3.2 Treasury Bond Futures - On December 5, 2025, the main contract of ten - year treasury bond futures (T2603) opened slightly higher, fluctuated strongly, and closed higher. It is expected to fluctuate widely on December 8, 2025 [49][51]. - The main contract of thirty - year treasury bond futures (TL2603) opened slightly higher, fluctuated slightly strongly, and closed higher on December 5, 2025. It is expected to fluctuate weakly and widely on December 8, 2025 [52][55]. 3.3.3 Precious Metal Futures - The main contract of gold futures (AU2602) opened slightly higher, fluctuated upwards, and closed higher on December 5, 2025. It is expected to fluctuate and consolidate on December 8, 2025. The main continuous contract of gold futures in December 2025 is expected to fluctuate strongly and widely [55][56]. - The main contract of silver futures (AG2602) opened with a small gap, fluctuated strongly, and closed higher on December 5, 2025. It is expected to fluctuate strongly and reach a new high on December 8, 2025. The main continuous contract of silver futures in December 2025 is expected to fluctuate strongly and reach a new high [60][61]. 3.3.4 Base Metal Futures - The main contract of copper futures (CU2601) opened slightly lower, fluctuated strongly, and closed higher on December 5, 2025, reaching a new high. It is expected to fluctuate and consolidate on December 8, 2025. The main continuous contract of copper futures in December 2025 is expected to fluctuate strongly and widely and reach a new high [64][65]. - The main contract of aluminum futures (AL2601) opened slightly lower, fluctuated upwards, and closed higher on December 5, 2025. It is expected to fluctuate weakly on December 8, 2025. The main continuous contract of aluminum futures in December 2025 is expected to fluctuate strongly [71][72]. - Other base metal futures, such as zinc, nickel, tin, etc., also have their own trends on December 5, 2025, and corresponding forecasts for December 8, 2025 and December 2025 [81][85][89]. 3.3.5 Agricultural and Energy Futures - Various agricultural futures, such as soybean meal, corn, palm oil, etc., and energy futures, such as crude oil, PTA, etc., have their own trends on December 5, 2025, and corresponding forecasts for December 8, 2025 and December 2025 [141][144][128].