股指期货将偏强震荡，铂、多晶硅、焦煤、玻璃、纯碱期货将偏弱宽幅震荡，锡期货将偏强震荡

Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - Through macro - fundamental and technical analysis, the report predicts the trend of various futures contracts on December 19, 2025, including whether they will be in a strong or weak shock state and their corresponding support and resistance levels [2][3][4][5][8] - The report also provides macro - information and trading tips, including national policies, international events, and economic data, which may affect the futures market [8][9][10][11] Summary by Related Catalogs 1. Futures Market Outlook - Stock Index Futures: Expected to be strongly volatile on December 19. For example, IF2603 has resistance at 4539 and 4576 points and support at 4486 and 4461 points. In December 2025, the main contracts of IF, IH, IC, and IM are likely to be in wide - range fluctuations [2][19] - Treasury Bond Futures: The 10 - year T2603 and 30 - year TL2603 are expected to be strongly volatile on December 19. The 10 - year T2603 has resistance at 108.07 and 108.14 yuan and support at 107.92 and 107.87 yuan; the 30 - year TL2603 has resistance at 112.7 and 113.2 yuan and support at 111.9 and 111.7 yuan [3][34][36] - Precious Metal Futures - Gold: The main contract AU2602 is expected to fluctuate and consolidate on December 19, with resistance at 988.8 and 993.0 yuan/gram and support at 975.7 and 972.5 yuan/gram. In December 2025, it is likely to be strongly and widely volatile [40] - Silver: The main contract AG2602 is expected to be weakly volatile on December 19, with support at 15033 and 14779 yuan/kg and resistance at 15521 and 15666 yuan/kg. In December 2025, it is likely to be strongly volatile and may hit a new high [46][47] - Platinum: The main contract PT2606 is expected to be weakly and widely volatile on December 19, with resistance at 550.0 and 570.0 yuan/gram and support at 542.6 and 535.0 yuan/gram [51] - Palladium: The main contract PD2606 is expected to have wide - range fluctuations on December 19, with resistance at 490.0 and 510.0 yuan/gram and support at 476.6 and 470.0 yuan/gram, and may hit a new high [54] - Base Metal Futures - Copper: The main contract CU2602 is expected to fluctuate and consolidate on December 19, with resistance at 93800 and 94700 yuan/ton and support at 91600 and 91100 yuan/ton. In December 2025, it is likely to be strongly volatile and may hit a new high [57] - Tin: The main contract SN2601 is expected to be strongly volatile on December 19, with resistance at 342000 and 345000 yuan/ton and support at 334300 and 331600 yuan/ton. In December 2025, it is likely to be strongly volatile [62] - Other Commodity Futures - Polysilicon: The main contract PS2605 is expected to be weakly and widely volatile on December 19, with support at 58000 and 56800 yuan/ton and resistance at 60000 and 62000 yuan/ton. In December 2025, it is likely to be strongly volatile [64][66] - Lithium Carbonate: The main contract LC2605 is expected to have wide - range fluctuations on December 19, with resistance at 106300 and 110000 yuan/ton and support at 104500 and 102700 yuan/ton. In December 2025, it is likely to be strongly volatile [72] - Rebar: The main contract RB2605 is expected to be weakly volatile on December 19, with support at 3096 and 3075 yuan/ton and resistance at 3137 and 3157 yuan/ton. In December 2025, it is likely to have wide - range fluctuations [77] - Hot - Rolled Coil: The main contract HC2605 is expected to be weakly volatile on December 19, with support at 3238 and 3225 yuan/ton and resistance at 3282 and 3298 yuan/ton [82] - Iron Ore: The main contract I2605 is expected to have wide - range fluctuations on December 19, with resistance at 784 and 788 yuan/ton and support at 770 and 767 yuan/ton. In December 2025, it is likely to be weakly and widely volatile [84] - Coking Coal: The main contract JM2605 is expected to be weakly and widely volatile on December 19, with support at 1100 and 1070 yuan/ton and resistance at 1133 and 1145 yuan/ton. In December 2025, it is likely to have wide - range fluctuations [90] - Glass: The main contract FG605 is expected to be weakly and widely volatile on December 19, with support at 1033 and 1021 yuan/ton and resistance at 1069 and 1085 yuan/ton. In December 2025, it is likely to have wide - range fluctuations [94] - Soda Ash: The main contract SA605 is expected to be weakly and widely volatile on December 19, with support at 1170 and 1160 yuan/ton and resistance at 1193 and 1205 yuan/ton. In December 2025, it is likely to have wide - range fluctuations and may hit a new low [100] - PTA: The main contract TA605 is expected to be strongly volatile on December 19, with resistance at 4850 and 4894 yuan/ton and support at 4742 and 4726 yuan/ton [104] 2. Macro - Information and Trading Tips - The National Development and Reform Commission will take measures to expand effective investment, including expanding investment in emerging industries and adjusting the pilot scope of local government special bond projects [8] - The State Administration for Market Regulation will promote the construction of a unified national market and strengthen fair competition governance [8] - The US has launched a US $11 billion arms sale to Taiwan, which China firmly opposes [8] - Hainan Free Trade Port officially started the whole - island customs closure operation on December 18, 2025, expanding the "zero - tariff" commodity range [9] - China has re - implemented export license management for steel products and approved some rare - earth export general license applications [9] - The State - owned Assets Supervision and Administration Commission of the State Council has issued a new method for holding central enterprises accountable for illegal business investment [9] - Market institutions expect the central bank to cut the reserve requirement ratio by about 0.5 percentage points and the interest rate by about 0.1 percentage points in 2026 [10] - A new consumption model called the "reward economy" is emerging among young people [10] - US President Trump will announce the next Fed chair nominee who supports "substantial" interest - rate cuts [10] - Trump will sign a nearly US $1 trillion annual defense policy bill, with the approved annual military expenditure reaching a record high of US $901 billion [10] - The US November core CPI rose 2.6% year - on - year, and the overall CPI rose 2.7% year - on - year, both lower than expected, but the data reliability is questioned [11] - The number of initial jobless claims in the US last week decreased by 13,000 to 224,000, and the number of continued jobless claims increased by 67,000 to 1.897 million [11] - The European Central Bank maintained the benchmark interest rate at 2% for the fourth consecutive time [11] - The Bank of England cut the interest rate by 25 basis points to 3.75% [11] 3. Commodity Futures - Related Information - On December 18, London base metals showed mixed performance. LME copper fell 0.13%, LME zinc fell 0.44%, LME nickel rose 1.84%, LME aluminum rose 0.38%, LME tin rose 1.53%, and LME lead fell 0.05% [12] - On December 18, international precious - metal futures generally closed down. COMEX gold futures fell 0.23%, and COMEX silver futures fell 2.17% [12] - A large undersea gold mine was discovered in Laizhou, Shandong, with the city's total proven gold reserves accounting for about 26% of the country's total [12] - On December 18, US oil and Brent crude oil futures rose slightly [13] - Goldman Sachs predicts that copper prices will consolidate in 2026, with an average price of US $11,400 per ton in the baseline scenario, and gold prices will rise 14% to US $4,900 per ounce by December 2026 [13] - On December 18, the on - shore RMB against the US dollar rose 41 basis points at the 16:30 close [13] - In November, the RMB ranked sixth in the global payment currency ranking by amount, accounting for 2.94% [13] - On December 18, the US dollar index rose 0.04%, and most non - US currencies rose [14]