广发期货日评-20260115

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints of the Report - The A - share market has high trading enthusiasm, with high - volume trading followed by a decline, large intraday fluctuations, and a limited callback range. The bond market is in a short - term shock situation. Gold and silver are affected by different factors, and various commodity futures such as metals, energy, and agricultural products have different trends and corresponding operation suggestions [3] 3. Summary by Relevant Catalogs 3.1 Daily Selected Views - Tin and plastic (SM2603) and coking coal (JM2605) are expected to be oscillating strongly, while live pigs (LH2603) are expected to move within a range [3] 3.2 Full - Variety Daily Reviews 3.2.1 Stock Index - A - shares are oscillating at a high level with increased intraday fluctuations. It's recommended to control portfolio risks, avoid heavy - position chasing, and allocate IH with relatively weak previous gains. For small - and medium - cap indexes, use bull - spread strategies and prevent risks from large fluctuations [3] 3.2.2 Treasury Bonds - After previous adjustments, the bond market has eased long - bond selling pressure. With the stock market's rational return, the bond market has returned to a "slow - bull" state. However, due to uncertain economic performance and supply pressure, it's in a short - term shock situation, and the unilateral strategy is to continue waiting and seeing [3] 3.2.3 Precious Metals - Gold can hold long positions above the 20 - day moving average and sell out - of - the - money put options. Silver is recommended to lock in profits at high prices. Platinum can be bought at a low position near the 20 - day moving average [3] 3.2.4 Shipping and Metals - The container shipping market is oscillating up, while steel prices are oscillating. Iron ore is in wide - range oscillation. Coking coal and coke can be bought at a low position, and an arbitrage strategy of long coking coal and short coke can be adopted. For other metals such as copper, aluminum, zinc, etc., there are corresponding operation suggestions based on their price trends and market conditions [3] 3.2.5 New Energy - Industrial silicon futures are oscillating strongly, polysilicon futures are oscillating, lithium carbonate is in wide - range adjustment, and PX and PTA are under pressure to rebound with corresponding trading strategies [3] 3.2.6 Energy and Chemicals - Different energy and chemical products such as LLDPE, PP, MA, etc., have different price trends and operation suggestions, including partial profit - taking, holding positions, and waiting and seeing [3] 3.2.7 Agricultural Products - Agricultural products such as soybeans, live pigs, and grains have different price trends. For example, soybean meal is oscillating, live pigs are moving within a range, and corn is at a high - level operation, with corresponding trading strategies [3]