黄金：避险情绪回升白银：再创新高

Report Industry Investment Ratings - Not provided in the content 2. Core Views of the Report - The report provides daily research and analysis of various commodities in the futures market, including precious metals, base metals, energy, agricultural products, etc., and gives corresponding trend intensities and trading suggestions for each commodity [1][2] 3. Summary by Related Catalogs Precious Metals - Gold: Safe - haven sentiment has rebounded. The prices of domestic and foreign gold futures and spot have different performances, and investors have almost erased their bets on a January rate cut. The trend intensity is 1 [7][9] - Silver: It has reached a new high. The prices of domestic and foreign silver futures and spot have increased, and the trend intensity is 1 [7] - Platinum: It is in range consolidation. The prices of platinum - related products have declined, and the trend intensity is 0 [28][30] - Palladium: It has a narrow - range fluctuation. The prices of palladium - related products have declined, and the trend intensity is 0 [28][30] Base Metals - Copper: The large increase in LME cancelled warrants supports the price. Although the prices of domestic and foreign copper futures have declined, the cancelled warrant ratio has increased significantly. The trend intensity is 1 [10][13] - Zinc: The high - level volatility has increased. The prices of domestic and foreign zinc futures have increased, and the trend intensity is 1 [14][17] - Lead: The reduction of overseas inventory supports the price. The prices of domestic and foreign lead futures have different performances, and the trend intensity is 0 [18][19] - Tin: It has broken through the historical high. The prices of domestic and foreign tin futures and spot have increased significantly, and the trend intensity is 1 [21][23] - Aluminum: It is in a strong - running state. The prices of domestic aluminum futures and related products have different performances, and the trend intensity is 1 [25][26] - Alumina: It continues to explore the bottom. The prices of domestic alumina futures and related products have declined, and the trend intensity is 0 [25][26] - Cast Aluminum Alloy: It follows the trend of electrolytic aluminum. The prices of domestic cast aluminum alloy futures and related products have different performances, and the trend intensity is 1 [25][26] - Nickel: There is a game between industrial and secondary funds, and it runs in a wide - range fluctuation. The prices of domestic nickel futures and related products have declined, and the trend intensity is 0 [32][37] - Stainless Steel: The increase in nickel - iron raises the oscillation center of gravity, and the market bets on Indonesian policies. The prices of domestic stainless - steel futures and related products have declined, and the trend intensity is 0 [33][37] Energy and Chemicals - Carbonate Lithium: It has a strong - side oscillation, and attention should be paid to market sentiment changes. The prices of domestic carbonate - lithium futures and related products have increased, and the trend intensity is 0 [38][40] - Industrial Silicon: The downstream production has been cut, and the demand has decreased marginally. The prices of domestic industrial - silicon futures and related products have declined, and the trend intensity is 0 [41][44] - Polysilicon: Attention should be paid to the factory's quotation. The prices of domestic polysilicon futures and related products have declined, and the trend intensity is 0 [42][44] - Iron Ore: The valuation is relatively high, and it is necessary to be cautious about chasing up. The prices of domestic iron - ore futures and spot have declined, and the trend intensity is - 1 [45] - Rebar: It oscillates repeatedly. The prices of domestic rebar futures and spot have different performances, and the trend intensity is 0 [47][51] - Hot - Rolled Coil: It oscillates repeatedly. The prices of domestic hot - rolled - coil futures and spot have different performances, and the trend intensity is 0 [47][51] - Silicon Ferrosilicon: It has a wide - range oscillation. The prices of domestic silicon - ferrosilicon futures and spot have declined, and the trend intensity is 0 [52][55] - Manganese Ferrosilicon: It has a wide - range oscillation. The prices of domestic manganese - ferrosilicon futures and spot have different performances, and the trend intensity is 0 [52][55] - Coke: It oscillates at a high level. The prices of domestic coke futures and spot have declined, and the trend intensity is 0 [56][57] - Coking Coal: It oscillates at a high level. The prices of domestic coking - coal futures and spot have declined, and the trend intensity is 0 [56][57] - Steam Coal: The supply - demand contradiction is not prominent, and the price has a narrow - range adjustment in the short term. The prices of domestic steam - coal futures and spot have different performances, and no trend intensity is mentioned [58] - Log: It oscillates repeatedly. The prices of domestic log futures and spot have different performances, and the trend intensity is 0 [60][63] - Para - Xylene: The cost support is relatively strong. The prices of domestic para - xylene futures and spot have different performances, and the trend intensity is 1 [64][69] - PTA: The polyester plans to cut production, and attention should be paid to the implementation strength. The prices of domestic PTA futures and spot have declined, and the trend intensity is 1 [64][69] - MEG: The downward valuation space is limited. The prices of domestic MEG futures and spot have declined, and the trend intensity is 1 [64][69] - Rubber: It has a wide - range oscillation. The prices of domestic rubber futures and spot have different performances, and the trend intensity is 0 [72][73] - Synthetic Rubber: It oscillates at a high level. The prices of domestic synthetic - rubber futures and spot have different performances, and the trend intensity is 0 [76][78] - LLDPE: The production of standard products remains at a low level, and the spot price has increased, with the basis turning positive. The prices of domestic LLDPE futures and spot have increased, and the trend intensity is 0 [79][80] - PP: The downstream export rush supports propylene, and the cost support for PP is relatively strong. The prices of domestic PP futures and spot have different performances, and the trend intensity is 0 [81][83] - Caustic Soda: It oscillates weakly. The prices of domestic caustic - soda futures and spot have declined, and the trend intensity is - 1 [84][87] - Pulp: It oscillates. The prices of domestic pulp futures and spot have different performances, and the trend intensity is 0 [89][91] - Glass: The price of the raw sheet is stable. The prices of domestic glass futures and spot have different performances, and the trend intensity is 0 [94][95] - Methanol: It oscillates with support. The prices of domestic methanol futures and spot have different performances, and the trend intensity is 1 [97][100] - Urea: It oscillates. The prices of domestic urea futures and spot have different performances, and the trend intensity is 0 [101][104] - Styrene: It oscillates in the short term. The prices of domestic styrene futures and related products have different performances, and the trend intensity is 0 [105][108] - Soda Ash: The spot market has little change. The prices of domestic soda - ash futures and spot have declined, and the trend intensity is 0 [109][111] - LPG: The short - term supply is tight, and the geopolitical disturbance is strong. The prices of domestic LPG futures have increased, and the trend intensity is 0 [114][119] - Propylene: The spot supply - demand has tightened, and the trend is strong. The prices of domestic propylene futures have declined, and the trend intensity is 0 [115][119] - PVC: It oscillates weakly. The prices of domestic PVC futures and spot have different performances, and the trend intensity is - 1 [123][124] - Fuel Oil: The geopolitical factor drives up the price, and there is still support below. The prices of domestic fuel - oil futures and spot have increased, and the trend intensity is 2 [126] - Low - Sulfur Fuel Oil: It mainly follows the upward trend, and the high - low - sulfur price difference in the overseas spot market has continued to rebound. The prices of domestic low - sulfur - fuel - oil futures and spot have increased, and the trend intensity is 2 [126] Agricultural Products - Short - Fiber: It oscillates strongly. The prices of domestic short - fiber futures and spot have different performances, and the trend intensity is 0 [144][145] - Bottle - Chip: It oscillates strongly. The prices of domestic bottle - chip futures and spot have different performances, and the trend intensity is 0 [144][145] - Offset Printing Paper: Short positions should be established at high prices. The prices of domestic offset - printing - paper futures and spot have different performances, and the trend intensity is - 1 [147][148] - Pure Benzene: It oscillates mainly in the short term. The prices of domestic pure - benzene futures and spot have increased, and the trend intensity is 0 [152][154] - Palm Oil: There are doubts about Indonesia's B50 policy, and the POGO is expected to narrow. The prices of domestic palm - oil futures and spot have different performances, and the trend intensity is 0 [156][161] - Soybean Oil: The momentum of US soybeans is limited, and attention should be paid to the spill - over effect of crude oil. The prices of domestic soybean - oil futures and spot have different performances, and the trend intensity is 0 [156][161] - Soybean Meal: It may follow US soybeans to digest the USDA report, and the market is weak. The prices of domestic soybean - meal futures and spot have declined, and the trend intensity is - 1 [162][164] - Soybeans: The spot price is stable and strong, and the market may oscillate. The prices of domestic soybean futures have declined, and the trend intensity is 0 [162][164] - Corn: Attention should be paid to the spot price. The prices of domestic corn futures and spot have different performances, and the trend intensity is 0 [165][168] - Sugar: It runs weakly. The prices of domestic sugar futures and spot have different performances, and the trend intensity is - 1 [169][172] - Cotton: It continues the adjustment trend. The prices of domestic cotton futures and spot have different performances, and the trend intensity is 0 [174][177] - Eggs: The spot market is profitable, but the sentiment in the far - month contracts has weakened. The prices of domestic egg futures have declined, and the trend intensity is 0 [180][181] - Hogs: There is a negative feedback in demand, and the release of supply is further postponed. The prices of domestic hog futures and spot have different performances, and the trend intensity is 0 [183][185] - Peanuts: It oscillates. The prices of domestic peanut futures and spot have different performances, and the trend intensity is 0 [188][191] Shipping - Container Freight Index (European Line): It runs weakly. The prices of domestic container - freight - index (European - line) futures have declined, and the trend intensity is - 1 [128][143]