股指期货将震荡整理，铂、钯、碳酸锂期货将震荡偏强，铂、钯期货将创下上市以来新高，黄金、白银期货将偏强震荡，原油期货将偏弱震荡

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core Viewpoints of the Report Based on macro - fundamental and technical analyses, the report predicts the trends of various futures contracts on December 17, 2025, and also provides outlooks for the rest of December 2025 for some contracts. Different futures contracts are expected to have different trends, including oscillating, oscillating strongly, oscillating weakly, etc. [2] 3. Summary by Relevant Catalogs 3.1 Futures Market Outlook Highlights - Stock Index Futures: Expected to oscillate and consolidate. For example, IF2512 has resistance levels at 4511 and 4548 points and support levels at 4457 and 4435 points [2]. - Ten - year Treasury Bond Futures: The T2603 contract is likely to oscillate widely, with support levels at 107.75 and 107.67 yuan and resistance levels at 107.99 and 108.07 yuan [2]. - Thirty - year Treasury Bond Futures: The TL2603 contract is likely to oscillate weakly in a wide range, with support levels at 111.1 and 110.4 yuan and resistance levels at 112.0 and 112.3 yuan [2]. - Precious Metal Futures: Gold and silver futures are expected to oscillate strongly; platinum and palladium futures are expected to oscillate strongly and may reach new highs since listing [3]. - Base Metal Futures: Copper and tin futures are expected to oscillate widely; aluminum and nickel futures are expected to oscillate weakly; alumina futures are expected to oscillate strongly [4]. - Other Commodity Futures: Polycrystalline silicon and lithium carbonate futures are expected to oscillate strongly; crude oil, fuel oil, PTA, PVC, methanol, soybean meal, and palm oil futures are expected to oscillate weakly; rebar, hot - rolled coil, iron ore, glass, and soda ash futures are expected to oscillate widely [4][7][8] 3.2 Macroeconomic News and Trading Tips - Domestic News: In 2026, China will focus on expanding domestic demand, stabilize the real estate market from both supply and demand sides, and continue to implement a moderately loose monetary policy. Hainan will officially start the whole - island customs - sealing on December 18, 2025, with an adjustment to the processing value - added duty - free policy and an expansion of the "zero - tariff" import commodity tax items [9]. - International News: Trump sued the BBC for $10 billion; the Trump administration threatened to retaliate against the EU for taxing US tech companies; the US economic data showed a mixed picture, with the unemployment rate rising and retail sales data being flat or slightly different from expectations; the EU proposed to relax the "ban on fuel - powered vehicles" requirement in 2035 [10][11][12] 3.3 Commodity Futures - related Information - Crude Oil: US crude and Brent crude futures closed down, mainly due to signs of oversupply and progress in the Ukraine - Russia peace talks [13]. - Precious Metals: International precious metal futures closed with mixed results, affected by differences among Fed officials on monetary policy, escalating trade tensions, and mixed US employment data [13]. - Base Metals: London base metals showed a mixed trend, and the London Metal Exchange plans to set and implement position limits for key and related contracts from July 6, 2026 [14]. - Currencies: The on - shore RMB against the US dollar rose, and the US dollar index fell slightly [14][15] 3.4 Futures Market Analysis and Outlook - Stock Index Futures: On December 16, 2025, major stock index futures contracts such as IF2512, IH2512, IC2512, and IM2512 all showed a downward trend, with increased short - term downward pressure. They are expected to oscillate and consolidate on December 17 [15][16][18][21]. - Treasury Bond Futures: The ten - year T2603 contract had a small increase on December 16, with a weak rebound. The thirty - year TL2603 contract had a decline, with increased downward pressure. On December 17, T2603 is expected to oscillate widely, and TL2603 is expected to oscillate weakly in a wide range [39][41][43][44]. - Precious Metal Futures: Gold, silver, platinum, and palladium futures had different trends on December 16. Gold and silver futures are expected to oscillate strongly on December 17, while platinum and palladium futures are expected to oscillate strongly and may reach new highs [44][45][51][56][59]. - Base Metal Futures: Copper, aluminum, nickel, and other base metal futures had mixed trends on December 16. Their trends on December 17 are expected to continue the previous predictions, with some oscillating widely, some strongly, and some weakly [62][67][76]. - Other Commodity Futures: The trends of other commodity futures such as polycrystalline silicon, lithium carbonate, rebar, etc. on December 16 are analyzed, and their trends on December 17 are predicted in line with the overall outlook [86][93][97]