交易咨询业务资格：证监许可【2012】1091号 沪锌期货早报-2025年5月29日 指标体系 沪锌: 1、基本面：外媒5月21日消息:世界金属统计局( WBMS )公布的最新数据报 告显示, 2025年3月，全球锌板产量为108.74万吨,消费量为113.35万吨， 供应短缺4.6万吨。1-3月,全球锌板产量为328.31万吨,消费量为338.48万 吨,供应短缺10.16万吨。3月,全球锌矿产量为100.78万吨。1-3月，全球锌 矿产量为296.11万吨；偏多。 2、基差：现货22910，基差+700；偏多。 3、库存：5月28日LME锌库存较上日减少7700吨至143450吨，5月28日上期 所锌库存仓单较上日增加0吨至1774吨；偏多。 4、盘面：昨日沪锌震荡下跌走势，收20日均线之下,20日均线向下；偏空。 5、主力持仓：主力净空头，空增；偏空。 6、预期：LME库存仓单继续下降；上期所仓单保持低位；沪锌ZN2507：震 荡走弱。 大越期货投资咨询部 祝森林 从业资格证号：F3023048 投资咨询证号： Z0013626 联系方式：0575-85225791 重要提示：本报告非期货交易咨询业务项 ...

基本面维持稳定，油脂价格震荡 油脂观点 市场分析 期货方面，昨日收盘棕榈油2509合约8076.00元/吨，环比变化+32元，幅度+0.40%；昨日收盘豆油2509合约7712.00 元/吨，环比变化-28.00元，幅度-0.36%；昨日收盘菜油2509合约9403.00元/吨，环比变化-41.00元，幅度-0.43%。现 货方面，广东地区棕榈油现货价8530.00元/吨，环比变化+80.00元，幅度+0.95%，现货基差P09+454.00，环比变化 +48.00元；天津地区一级豆油现货价格7920.00元/吨，环比变化+0.00元/吨，幅度+0.00%，现货基差Y09+208.00， 环比变化+28.00元；江苏地区四级菜油现货价格9580.00元/吨，环比变化-40.00元，幅度-0.42%，现货基差 OI09+177.00，环比变化+1.00元。 近期市场咨询汇总：美国农业部（USDA）周三凌晨公布的每周作物生长报告显示，截至5月25日当周，美国大豆 种植率为76%，低于市场预期的78%，此前一周为66%，去年同期为66%，五年均值为68%；美国玉米种植率为87%， 低于市场预期的88%，此前一周为7 ...

Group 1: Core Views - The acquisition of fundamental forex trading data is crucial for trading decisions, primarily through economic calendars and news websites that track economic indicators, policy changes, and geopolitical events [1] Group 2: Economic Calendar Tools - Economic calendars are essential for forex traders to obtain macroeconomic data release times and expected values, with several commonly used platforms available [2] - "Forex Bang" economic calendar synchronizes with data, covering key metrics like non-farm payrolls and central bank interest rate decisions, suitable for domestic investors due to its Chinese interface [3] - "Forex Factory" offers rapid data updates and strong community interaction, although it is only available in English, making it suitable for English-speaking traders [4] - "Invezz" provides real-time quotes for 200,000 financial products and a comprehensive economic calendar, including Fed rate hike predictions and earnings calendars, supporting multiple languages and free access [4] - "Securities Star" organizes economic data and political events by date, facilitating quick browsing of important indicators for the day [5] - "Forex Tianyan" integrates global economic indicators, bond auctions, and central bank officials' speeches, with clear data categorization, but is positioned as a third-party information query service [6] Group 3: News and Data Websites - "Jin Shi Data" offers instant financial news, data alerts, and event interpretations, excelling in rapid reporting of unexpected events and supporting multi-terminal access [7] - Reuters and Bloomberg are international authoritative media covering global macroeconomic data, central bank policies, and geopolitical analysis, suitable for in-depth reporting and professional commentary [8] - The Wall Street Journal focuses on U.S. economic policies and market dynamics, providing exclusive interpretations of Fed decisions and trade policies [9] - "Invezz" also provides real-time news, analyst opinions, and market sentiment indicators, suitable for comprehensive assessments [10] - "Finance Network" specializes in forex market news and analysis, covering central bank officials' speeches, policy expectations, and strategies combining technical and fundamental analysis [11] Group 4: Usage Tips and Considerations - Prioritize high-impact data such as interest rate decisions, non-farm employment, GDP, and CPI, as these have the most significant effect on exchange rates, with Fed rate decisions typically causing sharp fluctuations in the dollar index [13] - Compare expected values with actual values, as discrepancies often drive short-term market movements, for instance, if U.S. non-farm employment data significantly exceeds expectations, the dollar may strengthen rapidly [14] - Analyze central bank policy trends in conjunction with inflation and employment data for comprehensive judgment, exemplified by the Fed pausing rate cuts in 2025 due to tariff-induced inflation, leading to increased dollar volatility [15] - Utilize tools to assist decision-making, such as combining technical analysis to predict market reactions before data releases and employing hedging tools like forex options or futures to lock in exchange rate risks, especially before major events like elections [16] Group 5: Summary - The acquisition of forex fundamental data relies on professional economic calendars and real-time news platforms, with a focus on high-impact events and data discrepancies. Investors are advised to combine technical analysis and risk management strategies to enhance the accuracy of trading decisions [17]

Group 1 - The overall bond market is experiencing weakness due to improved market risk appetite from unexpected outcomes in US-China trade talks, leading to a negative impact on the bond market [1] - The 10-year government bond yield has adjusted to 1.7%, with a recent peak of 1.69%, indicating that the current bond market adjustment is nearing its end [1] - The central bank's recent actions, including a 0.5% reserve requirement ratio cut and continuous net reverse repos, suggest a supportive monetary policy environment, maintaining reasonable liquidity in the market [1] Group 2 - The expectation for new financial policies has cooled, with a focus on accelerating the implementation of existing policies rather than introducing new ones, as the economy shows resilience [2] - In May, the issuance of special bonds has accelerated, with a total of 440 billion yuan in new special bonds issued, marking a record high for the year [2] - The National Development and Reform Commission aims to expedite the approval of construction project lists by the end of June, indicating a proactive approach to infrastructure investment [2] Group 3 - The domestic economy continues to show signs of recovery, supported by growth-stabilizing policies and easing trade tensions, which may shift external demand pressures [4] - The bond market is expected to experience sideways movement in the short term, influenced by liquidity, policy, and economic conditions, with a focus on upcoming PMI data and central bank operations [4] - Long-term, the bond market remains in a "bull market" environment, with overall easing liquidity and concerns about external conditions affecting market expectations [4]

新能源及有色金属日报 | 2025-05-28 多晶硅仓单博弈仍在，关注平仓引发风险 工业硅： 市场分析 2025-05-27，工业硅期货价格继续探底，主力合约2507开于7625元/吨，最后收于7440元/吨，较前一日结算变化（-280） 元/吨，变化（-3.63）%。截止收盘，2505主力合约持仓227207手，2025-05-27仓单总数为64626手，较前一日变化 -287手。 供应端：工业硅现货价格下跌。据SMM数据，昨日华东通氧553#硅在8400-8600（-100）元/吨；421#硅在9000-9500 （-150）元/吨，新疆通氧553价格7900-8000（-100）元/吨，99硅价格在7900-8000（-100）元/吨。昆明、黄埔港、 天津、新疆、四川、上海、西北地区硅价也持续走低。97硅今日价格同样走低，现货价格不断走弱，近期基差有 所走强。 消费端：据SMM统计，有机硅DMC报价11400-11600（0）元/吨。SMM报道，西北有机硅大厂局部有机硅装置进 入检修周期，检修时长约为20天左右，同时6月端午节后，仍有部分单体企业检修周期到来，行业开工率预计再度 下行。 供需方面：随着 ...

国债期货：预期有限行情震荡有限，静待市场 选择方向 | 虞堪 | 投资咨询从业资格号：Z0002804 | yukan@gtht.com | | --- | --- | --- | | 林致远 | 投资咨询从业资格号：Z0021471 | linzhiyuan@gtht.com | 2025 年 05 月 28 日 【基本面跟踪】 5 月 27 日，国债期货收盘全线收跌，30 年期主力合约跌 0.26%，10 年期主力合约跌 0.11%，5 年期 主力合约跌 0.03%，2 年期主力合约跌 0.02%。 国债期货指数为-0.12。量价因子看多，基本面因子看空。无杠杆下，策略近 20 日累加收益为 0.04%，近 60 日累加收益为-0.53%，近 120 日累加收益为 0.14%，近 240 日累加收益为 1.27%。 权益市场方面，市场全天震荡调整，创业板指领跌。截至收盘，沪指跌 0.18%，深成指跌 0.61%，创 业板指跌 0.68%。盘面上，市场热点较为杂乱，个股上涨和下跌家数基本相当。 资金方面，隔夜 shibor 报 1.4520%，较前一交易日下跌 5.4bp，7 天 shibor 报 1.59 ...

市场主流观点汇总 2025/5/27 报告说明 关 迪 此报告，意在客观反映行业内期货公司、证券公司对大宗商品各品种的 研究观点，追踪热点品种，分析市场投资情绪，总结投资驱动逻辑等。 本报告不构成个人投资建议，仅供公司内部使用，仅作参考之用。 报告中策略观点和投资逻辑是基于所采纳的机构当周公开发布的研究报 告，对于各期货品种的多空观点、交易逻辑进行整理加工汇总而成，收 | | | 盘价数据选择上周五，周度涨跌为上周五较前一周五收盘价变动幅度。 | | | | | | --- | --- | --- | --- | --- | --- | --- | | 【行情数据】 | | | | | | | | 资产类别 | 细分品种 | 收盘价 | | 周度涨跌情况 | | | | 数据时点 | | 2025/5/23 | | | 2025/5/19 至 | 2025/5/23 | | | 黄金 | 780.10 | 黄金 | | | 3.76% | | | 白银 | 8263.00 | 白银 | | | 2.00% | | | 豆粕 | 2952.00 | 豆粕 | | | 1.83% | | | 棕榈油 | 8006 ...

油脂日报 | 2025-05-27 基本面偏弱，油脂震荡偏弱 市场分析 期货方面，昨日收盘棕榈油2509合约7954.00元/吨，环比变化-52元，幅度-0.65%；昨日收盘豆油2509合约7704.00 元/吨，环比变化-70.00元，幅度-0.90%；昨日收盘菜油2509合约9382.00元/吨，环比变化-9.00元，幅度-0.10%。现 货方面，广东地区棕榈油现货价8420.00元/吨，环比变化-70.00元，幅度-0.82%，现货基差P09+466.00，环比变化-18.00 元；天津地区一级豆油现货价格7910.00元/吨，环比变化-80.00元/吨，幅度-1.00%，现货基差Y09+206.00，环比变 化-10.00元；江苏地区四级菜油现货价格9560.00元/吨，环比变化-10.00元，幅度-0.10%，现货基差OI09+178.00， 环比变化-1.00元。 近期市场咨询汇总： 南部半岛棕榈油压榨商协会（SPPOMA）数据显示，2025年5月1-25日马来西亚棕榈油产量增 加0.73%。据马来西亚独立检验机构AmSpec，马来西亚5月1-25日棕榈油出口量增加7.3%。据船运调查机构SGS公 ...

| | 投资咨询业务资格:证监许可【2012】31号 | | | | | | ITC 国贸期货 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | SAL. | | | | | | | 国贸期货研究院 投资咨询号:Z0015194 | | | | | | | 2025/5/27 | | | | 从北资格号:F3042528 农产品研究中心 | | | 杨璐琳 | | | | | | | | 纸浆价格数据 | | | | | | | | | | | | 2025年5月26日 | 日环比 | 周珂比 | | | 2025年5月26日 | HMA | 目WN | | SP2601 | | 5300 | -0. 30% | -0. 34% | | 针叶浆银星 | 6250 | 0. 00% | -0. 79% | | 期货价格 SP2507 | | 5402 | -1.13% | 0. 22% | 现货价 | 针叶浆俄针 | 5450 | 0. 00% | 0. 00% | | SP2509 | | 5300 ...

Group 1 - The core viewpoint of the news highlights the performance and market activity of the credit bond ETF Bosera, which has seen a continuous increase in trading and liquidity, indicating strong investor interest [2][3] - As of May 27, 2025, the credit bond ETF Bosera has achieved a price of 100.79 yuan, marking a 0.05% increase and a seven-day consecutive rise [2] - The fund has recorded a trading volume of 46.02 billion yuan with a turnover rate of 67.44%, reflecting active market participation [2] Group 2 - The credit bond ETF Bosera has experienced a net inflow of funds over the past five days, totaling 13.03 billion yuan, with a peak single-day inflow of 5.25 billion yuan [3] - The fund's leverage has been increasing, with a latest financing balance of 55.00 million yuan, indicating sustained interest from leveraged investors [3] - Since its inception, the credit bond ETF Bosera has shown a monthly profit percentage of 66.67% and a historical three-month holding profit probability of 100.00% [3] Group 3 - The fund's maximum drawdown since inception is 0.89%, with a relative benchmark drawdown of 0.10%, and it took 26 days to recover from the maximum drawdown [3] - The management fee for the credit bond ETF Bosera is 0.15%, and the custody fee is 0.05%, which are among the lowest in comparable funds [3] - The tracking error for the fund year-to-date is 0.009%, indicating the highest tracking precision among comparable funds [3]