股指期货将偏强震荡，白银、铜期货将震荡偏弱，氧化铝、焦煤、玻璃、纯碱期货将震荡偏强

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 contracts on December 15, 2025, including strong - side or weak - side oscillations, and provides corresponding resistance and support levels [2][3][4][6]. - Analyzes the market performance of various futures contracts on December 12, 2025, and provides a full - year outlook for December 2025 [20][21][22][45][51][57][64]. - Presents relevant macro - economic information and international news that may affect the futures market [8][9][10][14]. 3. Summary by Relevant Catalogs 3.1 Futures Market Outlook - Stock Index Futures: Expected to be strongly oscillating on December 15, 2025. For example, IF2512 has resistance at 4600 and 4614 points, and support at 4525 and 4511 points [2][27]. - Treasury Bond Futures: The ten - year T2603 and thirty - year TL2603 are expected to have wide - range oscillations on December 15, 2025, with specified resistance and support levels [2]. - Precious Metal Futures: Gold futures AU2602 are expected to be strongly oscillating on December 15, 2025, while silver futures AG2602 are expected to be weakly oscillating [2][3]. - Base Metal Futures: Copper, aluminum, zinc, nickel, and tin futures show different trends. For example, copper futures CU2602 are expected to be weakly oscillating on December 15, 2025 [3]. - Energy and Chemical Futures: Crude oil futures SC2601 are expected to be weakly oscillating on December 15, 2025, while fuel oil futures FU2603 are expected to be strongly oscillating [3][6]. - Agricultural Futures: Soybean meal futures M2605 are expected to have wide - range oscillations on December 15, 2025, and palm oil futures P2601 are expected to be weakly oscillating [7][146][148]. 3.2 Macro - economic Information - Central government departments emphasize financial risk prevention, including local small and medium - sized financial institutions, real estate, and local government debt risks [8]. - China's November financial data shows an increase in RMB loans and social financing scale, and growth in M2, M1, and other indicators [8]. - The central bank will conduct a 6000 - billion - yuan 6 - month - term outright reverse repurchase operation on December 15, 2025, with an increased volume [9]. - The Ministry of Finance plans to implement fiscal policies next year, including maintaining fiscal deficits and using government bonds [10]. 3.3 International News - The US, Japan, South Korea, Australia and other countries signed an agreement to maintain the safety of the rare - earth supply chain [14]. - Trump signed an executive order to regulate artificial intelligence at the federal level in the US [15]. - Multiple US states sued the federal government over the significant increase in H - 1B visa fees [16]. - Multiple Federal Reserve officials expressed their views on inflation and interest rates [17]. - Russia's central bank sued the European Central Securities Depository over frozen national assets [17]. - Ukraine and the US held talks on a "peace plan" [17]. 3.4 Market Performance on December 12, 2025 - Stock index futures such as IF2512, IH2512, IC2512, and IM2512 showed different degrees of increase [20][21][22]. - Treasury bond futures closed down across the board, with the 30 - year and 10 - year main contracts showing relatively large declines [45]. - Gold futures AU2602 rose, and silver futures AG2602 also showed an upward trend during the day but weakened at night [51][57]. - Copper futures CU2601 rose during the day but fell at night [64][65].