广发早知道：汇总版-20251223

Report Industry Investment Rating - Not provided in the given content 2. Core Views of the Report - The report provides a comprehensive analysis of various financial and commodity markets, including futures, stocks, and bonds. It assesses the market trends, supply - demand dynamics, and price movements of different assets, offering trading strategies and outlooks based on current economic and industry conditions [2][3][8] 3. Summary by Relevant Catalogs 3.1 Daily Selections - Nickel: Low valuation and mine - end news drive the sentiment, but the short - term reality is weak and the medium - term fundamentals are loose. The price is expected to oscillate and repair in the short term, with the main contract reference range of 116000 - 124000 [2] - Styrene: Supply - demand expectations are weak, and the rebound space is limited. The EB02 contract is expected to oscillate in the 6300 - 6700 range in the short term [3] - Coking Coal: Spot prices fluctuate, and the futures rebound. Short - term trading can consider going long on the 2605 contract [4] - Oils and Fats: Due to the approaching Christmas holiday, they are expected to show an interval oscillation trend. Palm oil may rebound, while soybean oil and rapeseed oil have limited upward space [5] - Silver: Driven by funds during the holiday, it strengthens the upward trend. It is recommended to buy on dips to increase the trading safety margin [7] 3.2 Financial Derivatives 3.2.1 Financial Futures - Stock Index Futures: The A - share market rebounded, and the main contracts of the four major stock index futures rose. The current trend is expected to be interval oscillation, and it is recommended to wait and see cautiously [8][9][10] - Treasury Bond Futures: LPR remained unchanged, and the stock market was strong, suppressing the bond market. It is recommended to view it as an oscillation, and if participating in trading, enter and exit quickly and stop profit in time [12][13] 3.2.2 Precious Metals - The prices of gold, silver, platinum, and palladium all rose. The market has a positive expectation for the future price of precious metals, and it is recommended to hold long positions unilaterally [15][16] 3.2.3 Container Shipping Index (European Line) - The index is rising, and it is expected to show an oscillating upward pattern in the short term [18] 3.3 Commodity Futures 3.3.1 Non - ferrous Metals - Copper: The price is oscillating at a high level. The short - term recommendation is to wait and see, with the main contract reference range of 92500 - 95000 [23] - Alumina: It is expected to oscillate at a low level around the cash cost line, with the main contract reference range of 2450 - 2650 yuan/ton [26] - Aluminum: It is expected to maintain a wide - range oscillation, with the main contract reference range of 21800 - 22600 yuan/ton [29] - Aluminum Alloy: It is expected to continue to oscillate at a high - level interval, with the main contract reference range of 20800 - 21600 yuan/ton [32] - Zinc: The TC stops falling and stabilizes, and the price oscillates. The main contract should pay attention to the support at 22850 - 22950 [35] - Tin: The short - term fundamentals are still strong, and it is recommended to hold long positions and buy on dips [40] - Nickel: The price is expected to oscillate and repair in the short term, with the main contract reference range of 116000 - 124000 [43] - Stainless Steel: It is expected to oscillate and adjust in the short term, with the main contract reference range of 12300 - 13000 [46] - Lithium Carbonate: It is expected to have a wide - range oscillation, with the main contract reference range of 11.2 - 11.6 million [51] - Polysilicon: It is in a high - level oscillation, and it is recommended to wait and see [54] - Industrial Silicon: It is expected to oscillate at a low level, and attention should be paid to the implementation of production cuts [56] 3.3.2 Ferrous Metals - Steel: It is expected to maintain an interval oscillation, with the rebar in the 3000 - 3200 range and the hot - rolled coil in the 3150 - 3350 range [58] - Iron Ore: It is expected to maintain an interval oscillation, with the reference range of 730 - 820. It is recommended to conduct short - term operations on the 05 contract [61] - Coking Coal: It is recommended to go long on the 2605 contract on dips [64] - Coke: It is recommended to go long on the 2605 contract on dips [67] - Silicon Iron: It is expected to oscillate in the 5400 - 5650 range [70] - Manganese Silicon: It is expected to be weak, and it is recommended to try shorting when the price rebounds above the Ningxia spot cost [73] 3.3.3 Agricultural Products - Meal: The domestic soybean meal market is in a loose pattern, and attention should be paid to the performance of the main contract around 2750 [77] - Pigs: The spot price is stable, and the disk is expected to have support around 11000 [79] - Corn: The disk may maintain a weak pattern, but the downward space is limited. Attention should be paid to the selling sentiment and policy release [82] - Sugar: The raw sugar price is in a bearish pattern, and the domestic market is oscillating at the bottom. It is recommended to maintain a bearish mindset [83] - Cotton: The US cotton is oscillating at the bottom, and the domestic market's upward trend slows down. It is expected to oscillate in a strong - level interval [85] - Eggs: The supply is still loose, and it is expected to oscillate weakly this week [87] - Oils and Fats: They are expected to show an interval oscillation trend. Palm oil may rebound, while soybean oil and rapeseed oil have limited upward space [91] - Jujubes: The supply - demand expectation is bearish, and the price is running weakly. Attention should be paid to the market consumption [93] - Apples: The demand is weak, and the rebound height is limited. It is recommended to exit long positions opportunely [94] 3.3.4 Energy and Chemicals - PX: It is expected to continue a relatively strong trend in the short term. It is recommended to reduce long positions on rallies and take a long - term low - buying approach [96] - PTA: It follows the raw material PX. It is recommended to reduce long positions on rallies and take a long - term low - buying approach [99] - Short - fiber: It follows the raw material, and the supply - demand expectation is weak [100] - Bottle - grade PET: The domestic supply is expected to increase, and the processing fee will be compressed in the short term [102] - Ethylene Glycol: It is expected to oscillate at a low level in the short term [103] - Pure Benzene: It is expected to oscillate in the 5300 - 5600 range [105] - Styrene: It is expected to oscillate in the 6300 - 6700 range in the short term [107] - LLDPE: It is recommended to wait and see [108] - PP: Attention should be paid to the expansion of PDH profits [109] - Methanol: It is recommended to pay attention to the shrinkage of MTO05 [110] - Caustic Soda: The price is expected to run weakly [112] - PVC: It is expected to maintain an interval arrangement and then weaken after a rebound [114] - Soda Ash: It is recommended to go short on rallies [116] - Glass: It is recommended to wait and see [117] - Natural Rubber: It is expected to oscillate in the 15000 - 15500 range, and it is recommended to wait and see [120] - Synthetic Rubber: It is expected to oscillate in the short term. Attention should be paid to the pressure of BR2602 around 11200 - 11300 [122]