股指期货将震荡整理原油、燃料油、沥青、聚丙烯、苯乙烯、PX、PVC、甲醇、乙二醇期货将震荡偏强黄金、螺纹钢、铁矿石期货将偏弱震荡白银、铂、钯期货将震荡偏弱：期货行情前瞻研究

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - Through macro - fundamental and technical analyses, the report predicts the trends of various futures contracts on March 16th, 2026, and the overall trends in March 2026. For example, stock index futures will fluctuate and consolidate, while crude oil, fuel oil, bitumen, polypropylene, styrene, PX, PVC, methanol, and ethylene glycol futures will fluctuate with an upward bias. Gold, rebar, and iron ore futures will fluctuate with a downward bias, and silver, platinum, and palladium futures will fluctuate weakly [1][2]. - The ongoing Middle - East conflict, especially the situation in Iran, has significantly affected the global capital and commodity markets. It has led to increased volatility in the global capital market, re - allocation of funds, and potential supply shortages in the energy market, pushing up oil prices [12]. 3. Summary by Relevant Catalogs 3.1 Macro News and Trading Tips - The "15th Five - Year Plan" was officially released on March 13th, 2026, with 18 chapters, 16 major strategic tasks, and 109 major projects. It may increase the special additional deduction standard for individual income tax [7]. - From March 14th - 17th, Vice - Premier He Lifeng will lead a delegation to France for the sixth round of China - US economic and trade consultations. China will take necessary measures to safeguard its legitimate rights and interests [7]. - The State Council executive meeting discussed and passed the "Division of Key Work in 2026" and plans to establish a negative list management mechanism for local fiscal subsidies [8]. - The General Office of the Communist Party of China Central Committee and the General Office of the State Council issued the "Opinions on Promoting the Construction of the Professional Social Work Personnel Team" [8]. - In the first two months of this year, RMB loans increased by 5.61 trillion yuan, and the increment of social financing scale was 9.6 trillion yuan, with a year - on - year increase of 316.2 billion yuan. In February, the average interest rates of new corporate and personal housing loans were about 3.1% [8]. - The central bank will conduct a 500 - billion - yuan 6 - month repurchase operation on March 16th, a reduction of 100 billion yuan compared to the maturity amount [9]. - In January - February, consumption and investment data rebounded. Commodity consumption and service consumption increased by 5.7% and 1.1% year - on - year respectively. Investment in advanced manufacturing and artificial intelligence increased significantly [9]. - On March 15th, the Supreme People's Court released 6 typical cases of consumer rights protection, focusing on punishing food safety violations, regulating online platform operations, etc. [9]. - The "3·15" Gala exposed seven major irregularities, and relevant enterprises responded or took corrective actions. The State Administration for Market Regulation launched an emergency response mechanism [10]. - US President Trump claimed that the US would launch a "violent air strike" on Iran next week. Iran stated that it would continue to defend itself. The situation in the Middle East has pushed up oil prices and affected the global energy market [10][12]. - The US 1 - month core PCE increased by 3.1% year - on - year, and the Fed is expected to keep interest rates unchanged next week. If inflation persists, the time for resuming interest rate cuts may be postponed [11]. - The revised data shows that the US real GDP annualized quarterly rate in the fourth quarter of last year increased by 0.7%, a significant downward revision from the initial value of 1.4%. The January durable goods orders were flat month - on - month, far lower than the expected 1.1% increase [12]. - The preliminary value of the US March Michigan Consumer Confidence Index dropped to 55.5, a three - month low. Consumers expect prices to rise by 3.4% in the next year, lower than the expected 3.7% [12]. - The Japanese 2026 budget bill passed the House of Representatives and will be sent to the Senate for review. The total budget scale exceeds 122 trillion yen, and the defense budget exceeds 9 trillion yen for the first time [14]. - In January, the eurozone industrial output decreased by 1.5% month - on - month, the lowest level since December 2024 [14]. 3.2 Commodity Futures - related Information - On March 13th, the main contracts of US crude oil and Brent crude oil rose. Market expectations of reduced oil supply due to the Iran conflict and increased net long positions of speculators supported the rise in oil prices [14]. - The US Treasury temporarily relaxed sanctions on Russian oil to deal with the impact of the blocked shipping in the Strait of Hormuz. About 124 million barrels of Russian oil are currently at sea [15]. - Saudi Arabia reduced its crude oil production by about 2 million barrels per day to about 8 million barrels per day, and the total production cut of Gulf oil - producing countries has reached at least 10 million barrels per day [15]. - The Japanese government will release about 80 million barrels of national and private strategic oil reserves, in line with the IEA's 400 - million - barrel emergency reserve release plan [15]. - On March 13th, international precious metal futures generally fell. The delay of the Fed's interest rate cut expectations, strong US labor market, and slowdown of inflation decline led to the rise of the US dollar and US bond yields, dragging down precious metal prices [15]. - On March 13th, London base metals fell across the board [16]. - The escalating Middle - East conflict has caused "widespread force majeure" in the global chemical industry, with force majeure declarations spreading across regions and product categories [16]. - From March 1st to the present, only 77 ships have passed through the Strait of Hormuz, compared with 1229 ships in the same period last year [17]. - On March 13th, the on - shore RMB against the US dollar fell, and the US dollar index rose, with most non - US currencies falling [17]. 3.3 Futures Market Analysis and Forecast 3.3.1 Stock Index Futures - On March 13th, the main contracts of CSI 300, SSE 50, CSI 500, and CSI 1000 stock index futures all opened slightly lower, rebounded but faced resistance and then declined. They showed a weak and volatile trend [18][19]. - It is expected that in March 2026, the main continuous contracts of stock index futures will fluctuate weakly and widely. On March 16th, they will fluctuate and consolidate [23][24]. 3.3.2 Treasury Bond Futures - On March 13th, the main contracts of 10 - year and 30 - year treasury bond futures opened slightly lower, rebounded but faced resistance and then declined, showing a weak and volatile trend. It is expected that on March 16th, they will continue to fluctuate weakly [41][43][44][45]. 3.3.3 Precious Metal Futures - On March 13th, the main contracts of gold, silver, platinum, and palladium futures all showed a downward trend. It is expected that in March 2026, the main continuous contracts of these precious metal futures will generally fluctuate weakly. On March 16th, they will continue to show a weak - fluctuating trend [47][52][56][61]. 3.3.4 Base Metal Futures - On March 13th, the main contracts of copper, zinc, nickel, and tin futures showed a downward trend, while the main contracts of aluminum and alumina futures showed different trends. It is expected that in March 2026, the main continuous contracts of these base metal futures will have different trends, and on March 16th, they will show corresponding trends [65][70][75][80][84][89]. 3.3.5 Other Commodity Futures - On March 13th, the main contracts of rebar, hot - rolled coil, iron ore, coking coal, glass, soda ash, caustic soda, crude oil, fuel oil, bitumen, linear low - density polyethylene, polypropylene, styrene, PTA, p - xylene, PVC, methanol, ethylene glycol, soybean meal, and palm oil futures showed different trends. It is expected that in March 2026 and on March 16th, they will show corresponding trends, with some expected to reach new highs [100][103][106][110][113][118][123][130][137][138][152][156][159][163][168][171][173].