打开APP，查看更多高清行情》 金投白银网(http://ag.cngold.org)为您提供最新白银期货价格、白银期货合约、白银期货交易以及白银期 货走势，更多白银期货行情敬请关注：白银期货专栏 金投白银网提供今日白银期货价格走势_今天白银期货价格走势（2025年11月18日） 今日白银期货价格查询（2025年11月18日） | 名称 | 最新价 | 最高价 | 最低价 | 昨收价 | | --- | --- | --- | --- | --- | | 沪银主力 | 11813.00 | 12027.00 | 11808.00 | 11933.00 | 备注：以上白银的价格仅供参考，请以官方报价为准。如对白银投资有疑问可咨询本站客服。 ...

| 碳酸锂日评20251118:谨防冲高回落 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 交易日期(日) | | 2025-11-17 | 2025-11-14 | 2025-11-10 | 较昨日变化 | 近两周走势 | | 收盘价 | 近月合约 | 95140.00 | 85720.00 | 84500.00 | 9,420.00 | | | 收盘价 | 连一合约 | 95200.00 | 87220.00 | 87120.00 | 7.980.00 | | | 收盘价 | 连二合约 | 94780.00 | 87060.00 | 87240.00 | 7,720.00 | | | 收盘价 | 连三合约 | 94780.00 | 87060.00 | 86940.00 | 7,720.00 | - | | 收盘价 | | 95200.00 | 87360.00 | 87240.00 | 7,840.00 | 3 | | 成交堂(手) 持仓堂(手) | 砖酸包期货 活跃合约 (元/吨) | 1366919.00 562954.00 ...

期货研究报告 晨会纪要 投资咨询业务资格：证监许可【2011】1778 宝城期货甲醇早报-2025-11-18 品种晨会纪要 时间周期说明：短期为一周以内、中期为两周至一月 | 品种 | 短期 | 中期 | 日内 | 观点参考 | 核心逻辑概要 | | --- | --- | --- | --- | --- | --- | | 甲醇 2601 | 偏弱 | 震荡 | 偏弱 | 偏弱运行 | 偏弱供需主导，甲醇震荡偏弱 | 备注： 1.有夜盘的品种以夜盘收盘价为起始价格，无夜盘的品种以昨日收盘价为起始价格，当日日盘收盘 价为终点价格，计算涨跌幅度。 2.跌幅大于 1%为弱势，跌幅 0~1%为偏弱，涨幅 0~1%为偏强，涨幅大于 1%为强势。 3.偏强/偏弱只针对日内观点，短期和中期不做区分。 主要品种价格行情驱动逻辑—商品期货能源化工板块 甲醇（MA） 日内观点：偏弱 中期观点：震荡 参考观点：偏弱运行 核心逻辑：近期美国国会参议院已就结束联邦政府"停摆"达成一致，市场乐观情绪有所回暖，提振 投资者风险偏好。当前国内甲醇开工率和周度产量依然维持偏高水平，外部进口压力持续增大，华 东和华南港口甲醇库存居高不下。在 ...

Report Summary 1. Report Industry Investment Rating - No specific industry investment rating is provided in the report. 2. Report's Core View - Both沪胶 (RU) and合成胶 (BR) are expected to run strongly, with short - term weakness, medium - term oscillation, and intraday strength [1][5][7]. 3. Summary by Related Catalogs For沪胶 (RU) - **Short - term view**: Weak [1] - **Medium - term view**: Oscillation [1] - **Intraday view**: Strong [1] - **Reference view**: Run strongly [1] - **Core logic**: The US Senate's key step to end the federal government "shutdown" re - stimulates investors' risk preference, and market optimism recovers. With the strengthening of macro factors and optimistic domestic automobile production and sales data in the rubber market downstream,沪胶 futures maintained an oscillating and stable trend in the overnight session on Monday and are expected to maintain an oscillating and strong trend on Tuesday [5]. For合成胶 (BR) - **Short - term view**: Weak [1] - **Medium - term view**: Oscillation [1] - **Intraday view**: Strong [1] - **Reference view**: Run strongly [1] - **Core logic**: The US Congress Senate's agreement to end the federal government "shutdown" boosts investors' risk preference. With the strengthening of macro factors and optimistic domestic automobile production and sales data in the rubber market downstream, the market has shifted from "expectation - driven" to "reality - dominated".合成胶 futures showed an oscillating and stable trend in the overnight session on Monday and are expected to maintain a strong trend on Tuesday [7].

【纯苯-苯乙烯】 海外汽油走势偏强,市场主要交易美国纯苯紧张及海外调油需求,但韩国对美芳经出口门槛较高,缺乏持续 性。国内纯苯依旧面临进口量高及国产增长的压力,下游效益差,需求有转弱预期,谨慎看待反弹高度,中期 保持逢高沽空及月差反套的思路。 苯乙烯期货主力合约日内小幅收涨。苯乙烯自身供需继续维持紧平衡，国产供应仅有小幅增量预期，需求端暂 无明显减量计划，主力下游需求维持在良好表现。虽然港口库存仍处于高位水平，但持续去库预期仍在。 本报告版权属于国投期货有限公司 不可作为投资依据，转载请注明出处 | Mile | >国技期货 | | | 化工日报 | | --- | --- | --- | --- | --- | | | | 操作评级 | | 2025年11月17日 | | 丙烯 | ★☆☆ | 聚丙烯 | ★☆☆ | 庞春艳 首席分析师 | | 塑料 | ★☆★ | 纯菜 | な女女 | F3011557 Z0011355 | | 苯乙烯 | ★☆☆ | РХ | な女女 | | | PTA | なな☆ | 乙二醇 | ★☆☆ | 牛卉 高级分析师 | | 短纤 | 女女女 | 瓶片 | ☆☆☆ | F30 ...

Group 1: Report Industry Investment Rating - No information provided Group 2: Core Viewpoints of the Report - With the approaching of the new crop in the Northern Hemisphere and the listing of domestic cane sugar, Zhengzhou sugar is expected to be mainly oscillating weakly [4]. - On the import supply side, the current import volume of raw sugar is relatively large, the pressure of imported sugar arriving at ports is gradually being released, and the import cost is between 5300 - 5400, which suppresses the futures market [4]. - On the domestic supply side, Yunnan sugar mills started the first pressing two days ago, and Guangxi sugar mills are expected to start concentrated pressing in mid - to late November, which may create new selling pressure [4]. - However, the current futures market is close to the domestic sugar - making cost, and the futures market is expected to show a resistant decline before the listing of domestic new sugar [4]. Group 3: Summary by Relevant Catalog Domestic Data - In Nanning Warehouse, Guangxi, the price is 0, with a change of 0, and the basis to 2601 is - 5470, with a change of 42 [4]. - In Rizhao, Shandong, the price is 5860, with a change of 0, the premium is 100, and the basis to 2601 is 290, with a change of 42 [4]. - SR01 is at 5470, down 42; SR05 is at 5404, down 29; SR01 - 05 is 66, down 13 [4]. - The exchange rate of RMB against the US dollar is 7.114, down 0.0176 [4]. International Data - The exchange rate of the Brazilian real against the RMB is 1.2818, up 0.0212; the exchange rate of the Indian rupee against the RMB is 0.084, down 0.0004 [4]. - The ice raw sugar main contract is at 14.85, up 0.42; the London white sugar main contract is at 573, up 3; the Brent crude oil main contract is at 64.29, up 1.18 [4].

| 品种 | 核心观点 | 主要逻辑 | | --- | --- | --- | | | | 巴西未来十五天降雨预计略低于正常水平。目前现货油厂销售压力下降，存在挺价 | | | | 心理。中美会晤结果显示，美豆进口关税问题仍未得到有效解决。贸易成本叠加巴 | | 豆粕 | | 西种植升水可能，市场看多情绪炒作，由于自身缺乏明显利多驱动，追多谨慎，技 | | ★ | 情绪偏多 | 术操作对待。美农 11 月报告显示美豆期末库存虽然环比回落，但与 8 月期末库存 | | | | 预估一致。美豆隔夜下跌。豆粕短线有跟随调整风险，关注巴西大豆种植情况。 | | | | 近日加方表示暂无法取消对中国关税，导致市场对于中加贸易关税改善预期降温。 | | 菜粕 | 情绪偏多 | 沿海油厂菜籽零库存，零压榨。但由于消费淡季叠加港口库存同比依然偏高，主力 | | ★ | | 及近月合约反弹空间或受限。关注中加贸易后续进展。 | | | | 棕榈油阶段性进入供需转弱状态，10 月累库，11 月马棕榈油前 10 日出口数据环比 | | 棕榈油 | 偏弱整理 | 较弱，累库预期依然存在，短期阶段性调整行情。近日进口盘面利润快速回升 ...

Report Summary 1) Report Industry Investment Rating - No information provided on the industry investment rating. 2) Report Core View - The reduction in LME copper inventory supports copper prices [1]. 3) Summary by Relevant Catalogs **Fundamental Tracking** - **Futures Data**: The closing price of the Shanghai Copper main - contract was 86,900 with a daily decline of 0.74%, and the night - session closing price was 86,680 with a decline of 0.25%. The LME 3M copper electronic - trading price was 10,846 with a decline of 0.12%. The trading volume of the Shanghai Copper index was 238,872 (a decrease of 297 from the previous day), and the open interest was 553,083 (a decrease of 8,572). The trading volume of the LME 3M copper electronic - trading was 40,992 (an increase of 21,594), and the open interest was 326,000 (an increase of 5,006). The Shanghai Copper inventory was 49,830 (an increase of 5,873), and the LME copper inventory was 135,725 (a decrease of 450) [1]. - **Spot Data**: The LME copper premium, Shanghai 1 bright copper price, and bonded - area bill of lading premium remained unchanged. The spot - to - near - month futures spread increased by 5, the near - month to consecutive - first - month contract spread decreased by 50, and the cross - period arbitrage cost of buying the near - month and selling the consecutive - first - month contract was 202. The Shanghai copper spot - to - LME cash spread decreased by 135, the Shanghai Copper consecutive - third - month contract to LME 3M spread decreased by 15, the Shanghai copper spot - to - Shanghai 1 recycled copper spread decreased by 235, and the recycled copper import profit and loss increased by 446 [1]. **Macro and Industry News** - **Macro News**: Li Qiang chaired an executive meeting of the State Council to deploy policies and measures to enhance the adaptability of consumer goods supply and demand and further promote consumption. The hawkish faction of the Federal Reserve is prominent and opposes a December interest - rate cut, while Milan calls for a rate cut again [1]. - **Industry News**: The United States officially announced a new list of critical minerals, including copper for the first time. Tanzania has reopened its border with Zambia, resuming the flow of goods on this important trade corridor between the two major African copper - exporting countries. Freeport Indonesia completed the investigation of the mudslide incident at its Grasberg copper - gold mine. Peru's copper production in September increased by 3.7% year - on - year to 240,995 tons, and the production in the first nine months of 2025 was about 2.048 million tons, a year - on - year increase of 2.7%. Marimaca Copper's copper oxide mine project in Chile's Antofagasta Region obtained environmental approval [1][3]. **Trend Intensity** - The copper trend intensity is 0, indicating a neutral outlook [3].

玻璃：产销出现回落 继续弱势看待 长江期货股份有限公司交易咨询业务资格：鄂证监期货字[2014]1号 2025-11-17 【产业服务总部 | 黑色金属团队】 姜玉龙 执业编号：F3022468 投资咨询号：Z0013681 01 投资策略：震荡偏弱 震荡偏弱 p 风险提示 1、宏观政策（上行风险） 2、年前下游休息（下行风险） p 主要逻辑 行情回顾：上周玻璃期货整体弱势运行，周线报收中阴线。上周主力合约持仓创新高，宏观政策预期不足背景下，盘面更 贴合基本面，表现为偏弱走势。供给方面，产线无变动情况，日熔量持平。沙河产线停产效果减弱，贸易商补库动作放缓，叠 加期现商平仓释放货源，地区价格逐步走低。湖北依然还是累库情况严重，中下游观望情绪较浓。华东华南降库速度一般，实 际成交还是以低价去库为主。需求方面，厂家产销有所转弱，接近年底，下游悲观情绪较浓，加工厂订单仍是进一步恶化。纯 碱方面，近期交易煤炭价格上涨带动成本上升的逻辑，但考虑到短期内对供给量影响不大，且下游浮法、光伏厂需求稳定，仍 然空头思路对待，纯碱01关注1250~1260。 后市展望：年末中下游补货情绪消沉，需求有继续走弱的可能，加上库存相对高位 ...

交易咨询业务资格：证监许可【2012】1091号 大越期货投资咨询部 胡毓秀 从业资格证号： F03105325 投资咨询证号： Z0021337 联系方式：0575-85226759 重要提示：本报告非期货交易咨询业务项下服务，其中的观点和信息仅作参考之用，不构成对任何人的投资建议。 我司不会因为关注、收到或阅读本报告内容而视相关人员为客户；市场有风险，投资需谨慎。 螺卷早报（2025-11-17） 每日观点 螺纹： 1、基本面：需求不见起色，库存低位回升，贸易商采购意愿仍不强，地产行业继续处下行周期；偏空 2、基差：螺纹现货价3190，基差137；偏多 3、库存：全国35个主要城市库存415.75万吨，环比减少，同比增加；中性 4、盘面：价格在20日线下方，20日线走平；偏空 5、主力持仓：螺纹主力持仓净空，空减；偏空 6、预期：房地产市场依旧偏弱，需求降温，国内有去产能的计划冲击市场，震荡偏空思路对待 利多： 产量维持低位，现货升水，国内去产能预期。 利空： 下游地产行业下行周期延续，终端需求继续弱势运行低于同期。 利多： 需求尚可，现货升水，国内去产能预期。 利空： 下游需求步入季节性淡季，预期悲观 ...