国泰君安期货商品研究晨报-20260210

Report Industry Investment Ratings No relevant content provided. Core Views of the Report - The report provides daily research and analysis on various futures commodities, including precious metals, base metals, energy, chemicals, agricultural products, etc., and gives corresponding trend judgments and investment suggestions for each commodity [1][2]. Summary by Related Catalogs Precious Metals - Gold: The price is expected to show an oscillating rebound trend, with a trend intensity of 0 [2][8][9]. - Silver: The price is expected to fall from a high level, with a trend intensity of 1 [2][8][9]. - Platinum: The price is expected to oscillate and consolidate, with a trend intensity of 0 [2][29][30]. - Palladium: The price is expected to oscillate within a box, with a trend intensity of 0 [2][29]. Base Metals - Copper: The decline of the US dollar supports the price, with a trend intensity of 1 [2][13]. - Zinc: The price is expected to oscillate within a range, with a trend intensity of 0 [2][16]. - Lead: Due to losses in the recycling sector, attention is paid to the lower - level support, with a trend intensity of 0 [2][19]. - Tin: Technical repair is underway, with a trend intensity of 1 [2][22]. - Aluminum: It is recommended to hold a light position before the holiday, with a trend intensity of 0 [2][26]. - Alumina: The price is expected to rebound from the bottom, with a trend intensity of 0 [2][26]. - Cast Aluminum Alloy: It follows the trend of electrolytic aluminum, with a trend intensity of 0 [2][26]. - Nickel: Affected by the departure of funds before the holiday, the mid - line contradiction lies in Indonesia, with a trend intensity of 0 [2][33]. - Stainless Steel: There are frequent maintenance and production cuts in February, and the cost support center moves up, with a trend intensity of 0 [2][33]. Energy and Chemicals - Carbonate Lithium: The supply - demand pattern is tight, and the downside space is limited, with a trend intensity of 0 [2][40]. - Industrial Silicon: Inventory is accumulating, and attention should be paid to the situation of warehouse receipts, with a trend intensity of 0 [2][44]. - Polysilicon: Attention should be paid to the post - holiday spot transactions, with a trend intensity of 0 [2][45]. - Iron Ore: The demand expectation is weakening, and the price is oscillating and falling, with a trend intensity of - 1 [2][48]. - Rebar: The apparent demand decreases month - on - month, and the price oscillates widely, with a trend intensity of 0 [2][53]. - Hot - Rolled Coil: The apparent demand decreases month - on - month, and the price oscillates widely, with a trend intensity of 0 [2][53]. - Silicon Ferrosilicon: The sentiment of the sector is weak, and the price oscillates widely, with a trend intensity of 0 [2][57]. - Manganese Ferrosilicon: The sentiment of the sector is weak, and the price oscillates widely, with a trend intensity of 0 [2][57]. - Coke: Long - position holders take profits, and the price oscillates weakly, with a trend intensity of - 1 [2][61]. - Coking Coal: Long - position holders take profits, and the price oscillates weakly, with a trend intensity of - 1 [2][62]. - Log: The demand expectation is poor, and the price is falling, with a trend intensity of 0 [2][65]. - Para - Xylene: It is in a unilateral oscillating market, and the month - spread is weak, with a trend intensity of 0 [2][70]. - PTA: It is in a range - bound market, with a trend intensity of 0 [2][70]. - MEG: Interval operation is recommended, with a trend intensity of 0 [2][70]. - Rubber: The price is expected to oscillate strongly, with a trend intensity of 1 [2][78]. - Synthetic Rubber: The price is expected to oscillate, with a trend intensity of 0 [2][81]. - LLDPE: Spot transactions have stagnated, and funds are seeking risk - aversion, showing an oscillating market, with a trend intensity of - 1 [2][84]. - PP: The valuation repair is limited, and the weekly export orders are declining, with a trend intensity of 0 [2][87]. - Caustic Soda: The cost is rising, and the valuation is being repaired, with a trend intensity of 0 [2][90]. - Pulp: The price is expected to oscillate, with a trend intensity of 0 [2][94]. - Glass: The price of the original sheet is stable, with a trend intensity of 0 [2][100]. - Methanol: The price is expected to oscillate, with a trend intensity of 0 [2][102]. - Urea: The price is expected to oscillate with support, with a trend intensity of 0 [2][108]. - Styrene: The price is expected to oscillate at a high level, with a trend intensity of 0 [2][111]. - Soda Ash: There are few changes in the spot market, with a trend intensity of 0 [2][114]. - LPG: Geopolitical disturbances still exist, and the fundamental driving force is downward, with a trend intensity of 0 [2][118]. - Propylene: The supply - demand remains tight, and the upward driving force is weakening, with a trend intensity of 0 [2][118]. - PVC: The price is expected to oscillate weakly, with a trend intensity of - 1 [2][125]. - Fuel Oil: The price rebounded at night, and the short - term weakness was temporarily alleviated, with a trend intensity of 1 [2][128]. - Low - Sulfur Fuel Oil: It mainly follows the upward trend, and the spot price spread between high - and low - sulfur in the overseas market rebounded slightly, with a trend intensity of 1 [2][128]. Agricultural Products - Container Freight Index (European Line): Pay attention to the opening guidance of the near - month contract; a light long position can be established in the 7 - 9 positive spread, with a trend intensity of 0 [2][130]. - Short - Fiber: It is expected to be in a short - term oscillating market, with a trend intensity of 0 [2][142]. - Bottle Chip: It is expected to be in a short - term oscillating market, with a trend intensity of 0 [2][142]. - Offset Printing Paper: It is recommended to wait and see before the holiday, with a trend intensity of 0 [2][145]. - Pure Benzene: The price is expected to oscillate strongly, with a trend intensity of 0 [2][149]. - Palm Oil: The fundamental driving force is limited, and the price is supported by energy prices, with a trend intensity of 0 [2][153]. - Soybean Oil: The price is expected to oscillate within a range, with a trend intensity of 0 [2][153]. - Soybean Meal: It may oscillate following the US soybean, with a trend intensity of 0 [2][158]. - Soybean: The spot price is stable, and the futures price is strong, with a trend intensity of +1 [2][158]. - Corn: The price is expected to oscillate narrowly, with a trend intensity of 0 [2][161]. - Sugar: Attention should be paid to low - basis opportunities, with a trend intensity of 0 [2][164]. - Cotton: It is expected to maintain an oscillating trend before the holiday, with a trend intensity of 1 [2][168]. - Egg: The price is expected to oscillate and adjust, with a trend intensity of 0 [2][173]. - Live Pig: The peak season is confirmed not to be prosperous, and the release of the backlog has begun, with a trend intensity of - 2 [2][176]. - Peanut: The price is expected to oscillate, with a trend intensity of 0 [2][181].