每日核心期货品种分析-20260310

Report Summary 1. Industry Investment Rating No information provided regarding the industry investment rating. 2. Core Viewpoints - The domestic futures market showed mixed performance on March 10, 2026. Some commodities like silver, platinum, and lithium carbonate rose, while others such as container shipping to Europe and SC crude oil declined. The market was significantly affected by the Middle - East geopolitical situation, especially the Iran - related conflict, which led to large - scale price fluctuations in commodities [4][5]. - Different commodities have their own supply - demand fundamentals. For example, copper has a pattern of weak reality and strong expectation; lithium carbonate shows a wide - range oscillation; and crude oil prices are highly volatile due to OPEC+ production adjustments and the Middle - East situation [7][9][10]. 3. Summary by Commodity Metals - Copper: It opened and closed higher. March production is expected to increase both month - on - month and year - on - year. The regenerated copper market is tight, and downstream demand is gradually recovering. However, the shortage of copper ore and policy disturbances have not yet affected actual production, and inventory is still accumulating. The price is affected by the Middle - East situation [7]. - Lithium Carbonate: It opened and closed higher, with prices rising. The开工 rate dropped, and production in February decreased. There is a high risk of lithium mine resumption, which is a potential negative factor. Inventory is being depleted, and downstream inventory is accumulating. The price is affected by the Middle - East conflict and shows wide - range oscillation [9]. - Silver and Gold: Silver had a significant increase of over 7%, and gold also had capital inflows. The specific reasons were not detailed, but they were likely affected by the overall market and the Middle - East situation [4][5]. Energy - Crude Oil: OPEC+ will increase production in April. The US crude inventory increased more than expected. The Middle - East conflict, especially the situation in Iran, has a huge impact on the oil market. The price has fluctuated greatly, and it is recommended to observe the Middle - East situation [10][11]. - Asphalt: The supply side's开工 rate increased slightly, and the expected production in March increased. The downstream demand is gradually recovering, but the inventory is at a low level. The price is expected to fluctuate with crude oil, and attention should be paid to the shortage of domestic refinery raw materials [12][13]. Chemicals - PP: The downstream开工 rate is recovering, and the enterprise开工 rate decreased. The inventory is at a neutral level. The price is affected by the Middle - East situation and crude oil price fluctuations, and it is expected to oscillate at a high level [14]. - Plastic: The开工 rate decreased slightly, and the downstream开工 rate is recovering. New production capacity was put into operation in January. The price is affected by the Middle - East situation and crude oil price, and it is expected to oscillate at a high level [15][16]. - PVC: The upstream电石 price increased, the supply side's开工 rate decreased slightly, and the downstream开工 rate is recovering. The export situation improved, but the inventory is still high. The price is affected by the crude oil price and is recommended to be observed [17]. - Urea: It opened and closed lower. The market has sufficient supply, and the downstream demand is gradually recovering. The price was affected by the futures market and the Middle - East conflict, and it is expected to continue to adjust [20]. Coking Coal - It opened and closed lower. The domestic mines are resuming production, and the inventory of mines increased while that of independent coking enterprises and steel mills decreased. The steel mill's demand is low, and the price is affected by the Middle - East situation and is expected to oscillate weakly [19].