期货品种周报:多头机会重点关注铁矿石、油脂系;空头可参与生猪、橡胶;关注锌的正套机会
对冲研投·2025-11-24 02:15

Group 1: Stock Index Futures Sector - Key varieties include: SSE 50 (IH), CSI 300 (IF), CSI 500 (IC), CSI 1000 (IM) [2] - Overall market is in a bearish state, but curve structure indicates IC and IM as "Good Curve Long," while IH and IF are "Maybe Curve Long," suggesting a stronger forward contract structure [2] - Trading opportunities focus on long positions in IC and IM's forward contracts, especially supported by the spread structure [4] Group 2: Government Bond Futures Sector - Key varieties include: 2-year (TS), 5-year (TF), 10-year (T), 30-year (TL) [6] - All varieties are in a bearish state with a flat curve structure and no significant curve trading signals [6] - Lack of clear trend opportunities, but potential rebound opportunities may arise from shifts in interest rate policy [6] Group 3: Precious Metals Sector - Market status is "Consolidation" with most varieties in a bearish state, but zinc (ZN) is "Maybe Curve Long" and tin (SN) is "Maybe Curve Short" [11] - Trading opportunities may arise from a decline in the US dollar index and US Treasury yields [11] Group 4: Non-Ferrous Metals Sector - Key varieties include: Copper (CU), Aluminum (AL), Zinc (ZN), Nickel (NI), Tin (SN) [11] - Overall market is under macro demand pressure, with structural opportunities dependent on supply-demand mismatches [11] Group 5: Energy and Chemical Sector - Key varieties include: Crude Oil (SC), Low Sulfur Fuel Oil (LU), Fuel Oil (FU), Asphalt (BU), LPG (PG), Rubber (RU) [9] - Crude oil and low sulfur fuel oil are in a "Curve Long" state, while rubber is "Good Curve Short" [9] - Trading opportunities focus on long positions in crude oil-related varieties, while rubber may present short opportunities [9] Group 6: Agricultural Products Sector - Key varieties include: Soybean Oil, Palm Oil, Rapeseed Oil, Corn, Live Pigs [12] - Oilseed varieties show a "Maybe Curve Long" status, while corn and live pigs are "Maybe Curve Short" [12] - Trading opportunities are present in oilseed varieties, while live pigs may face short-term bearish pressure [12] Group 7: Soft Commodities and Others - Key varieties include: Cotton (CF), Sugar (SR), Pulp (SP) [13] - Sugar is in a "Curve Long" state, while cotton and pulp are in "Consolidation" [13] - Trading opportunities focus on long positions in sugar supported by its curve structure [13] Group 8: Overall Market Sentiment - Bullish opportunities are concentrated in IC/IM, iron ore, crude oil-related varieties, sugar, and oilseed products [17] - Bearish opportunities are found in government bonds, certain non-ferrous metals (tin), rubber, and live pigs [17] - The overall market sentiment is bearish, necessitating attention to policy shifts, liquidity changes, and external macro shocks [17]