Report Industry Investment Ratings - Crude oil: ☆☆☆ (interpreted as having a certain bullish trend with appropriate investment opportunities according to the star - rating description) [1] - Fuel oil: ☆☆☆ [1] - Low - sulfur fuel oil: ☆☆☆ [1] - Asphalt: ☆☆☆ [1] - Liquefied petroleum gas (LPG): ☆☆☆ [1] Core Viewpoints - The international oil price showed a pattern of rising and then falling overnight, and the SC07 contract declined by 0.35% during the day. The lack of incremental progress in Sino - US negotiations led to insufficient upward momentum for oil prices. Although there were short - term supports for crude oil, the medium - term decline in oil demand and the return of supply would limit the strength of short - term positives. The upward space for crude oil rebounds is limited [2]. - The demand for high - sulfur fuel oil in shipping and deep - processing remains relatively weak. With the expected increase in high - sulfur heavy - crude supply from OPEC+ and sufficient low - sulfur fuel oil supply, the crack spreads of both high - sulfur and low - sulfur fuel oil are expected to be under pressure [2]. - The BU crack spread of the September contract for asphalt has declined, reaching the entry point for the long - BU crack strategy. Despite short - term pressure on the crack spread, the upward trend is unlikely to reverse due to factors such as high dilution asphalt prices, limited production increase, and growing demand [3]. - The domestic LPG market is under pressure. Although the domestic chemical demand is increasing, the growth space is limited. The market is in a state of low - level oscillation with some support from the rising crude oil price [4]. Summaries by Related Catalogs Crude Oil - Overnight international oil prices rose and then fell, with the SC07 contract down 0.35% during the day. After pricing in the optimistic expectations for Sino - US negotiations, there is no incremental progress beyond the Geneva consensus, resulting in insufficient upward momentum. Last week, the US API crude oil inventory decreased by 370,000 barrels, less than expected. After the short - term negative impact of OPEC+ production increase in July, factors like risk - sentiment repair in Sino - US trade, improved peak - season demand, and sanctions risks supported crude oil, but medium - term demand decline and supply return will limit short - term positives [2]. Fuel Oil & Low - Sulfur Fuel Oil - High - sulfur fuel oil demand in shipping and deep - processing is weak. Although there is support from power - generation demand in the Middle East and North Africa, lower expected temperatures in Saudi Arabia and Egypt and high - valued crack spreads may lead to more oil - based power generation. The expected increase in high - sulfur heavy - crude supply from OPEC+ will likely weaken the high - sulfur fuel oil crack spread. Low - sulfur fuel oil supply from Kuwait's Al - zour refinery and Nigeria's Dongoto refinery is abundant, and with weak demand, its crack spread is expected to be under pressure [2]. Asphalt - The BU crack spread of the September contract for asphalt has declined, reaching the entry point for the long - BU crack strategy. The high price of diluted asphalt in June and July has led to serious theoretical losses in processing, and port inventories are at an absolute low. Although some refineries with quotas have increased or switched to asphalt production, subsequent production increase lacks momentum. After the maintenance peak, the increase in asphalt production from major refineries is expected to be limited. The shipment volume of 54 sample refineries has been increasing, and the cumulative year - on - year figure has turned positive. The sales volume of road rollers, a leading indicator of asphalt consumption, increased significantly from January to April. The balance sheet shows a continued de - stocking trend and low inventory levels. Although the BU crack spread faces short - term callback pressure, the upward trend is unlikely to reverse [3]. Liquefied Petroleum Gas (LPG) - Domestic refinery prices for LPG remain weak. With the decline in terminal gas sales and increased refinery restarts, the domestic supply of LPG is abundant. Although domestic chemical demand is increasing month - on - month, the PDH profit margin has slightly declined, and the cost advantage of propane has decreased due to the fall in naphtha prices, limiting the growth space. Under off - season pressure, the inventories of terminals and refineries have increased, and the market is under pressure. The rising crude oil price provides some support to the futures market, and the market is in a state of low - level oscillation [4].

投资咨询业务资格:证监许可【2012】31号 | | | | | 国贸期货研究院 | | | 投资咨询号: Z0013700 | | | 2025/6/11 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 宏观金融研究中心 白素娜 | | | 从业资格号: F3023916 | | | | | 内外盘金 | 日期 | 伦敦金现 | 伦敦银现 | COMEX黄金 | COMEX白银 | AU2508 | | AG2508 | AU (T+D) | AG (T+D) | | 银15点价 | | (美元/盎司) | (美元/盎司) | (美元/盎司) | (美元/盎司) | (元/克) | | (元/千克) | (元/克) | (元/千克) | | 格厨房 | 2025/6/10 | 3327.60 | 36. 47 | 3347.40 | 36. 60 | 775. 06 | | 8887.00 | 772. 20 | 8868. 00 | | (本表数 据来源: | 2025/6/9 | 3324.9 ...

外交部发言人林剑主持例行记者会。 中美经贸磋商有无下一步具体安排？外交部回应 在11日的外交部例行记者会上，有媒体提问称，6月9日到10日，中美双方在伦敦举行中美经贸磋商机制 首次会议。您能否介绍这次会议的详细内容和成果？中美经贸磋商有无下一步具体安排？对此，中国外交 部发言人林剑表示，中方代表在伦敦就磋商的情况作出了回应，目前我没有可以进一步提供的信息。 外交部回应香港长和出售海外港口资产：中方一贯反对经济胁迫 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体 法律责任的权利。 转载与合作可联系证券时报小助理，微信ID：SecuritiesTimes END 点击关键字可查看 潜望系列深度报道丨 股事会专栏 丨 投资小红书 丨 e公司调查 丨 时报会客厅 丨 十大明星私募访谈 丨 商务部国际贸易谈判代表：中美原则上达成协议框架 丨 午盘，异动拉升！ 丨 美股，全线上涨！ 道指创阶段新高 丨 凌晨，比亚迪重大宣布！ 丨 车圈大事件！多家车企宣布→ 丨 见证历史！激增 80%，这一产品狂飙，规模突破3100亿元！ 丨 深圳，重磅利好！中办、国办发文 丨 A股，午后 ...

何立峰：中方对经贸磋商是有诚意的，也是有原则的 金十数据6月11日讯，中美经贸磋商机制首次会议在英国伦敦举行。何立峰表示，本次会议是在两国元 首今年6月5日战略共识指引下开展的一次重要磋商。中方对中美经贸问题的态度和立场是明确的、一贯 的。中美经贸关系的本质是互利共赢，中美在经贸领域合则两利、斗则俱伤。贸易战没有赢家，中方不 愿打，但也不怕打。双方应通过平等对话、互利合作解决经贸分歧，中方对经贸磋商是有诚意的，也是 有原则的。下一步，双方要按照两国元首通话达成的重要共识和要求，进一步发挥好中美经贸磋商机制 作用，不断增进共识、减少误解、加强合作。 （央视新闻） ...

昨天午后的突然跳水，果然是"虚惊一场"。 今天，"误会解除"的A股顺势迎来修复，沪指终于在收盘时站上了3400点，为5月14日以来首次。 回看本周三个交易日，市场实际涨幅不大，但波动明显放大，股民的信心也更容易动摇。 每经记者｜肖芮冬 每经编辑｜赵云 6 月 11 日，市场全天震荡反弹，创业板指领涨，沪指再度站上 3400 点。截至收盘，沪指涨 0.52% ，深成指涨 0.83% ，创业板指涨 1.21% 。 板块方面，稀土永磁、游戏、汽车零部件、证券等板块涨幅居前，可控核聚变、生物疫苗、通信服务等板块 跌幅居前。 全市场超 3400 只个股上涨。沪深两市全天成交额 1.26 万亿元，较上个交易日缩量 1599 亿。 而我们周一、周二相关推送中的两个判断，都在今天得到了验证。它们恰好也是大盘修复的动因。 一是，对于昨日突发跳水，我们判断这是场内资金"自己吓自己"，并借机清理浮筹。 据人民日报今天午间报道，当地时间6月10日，商务部国际贸易谈判代表兼副部长李成钢在伦敦谈到中美经贸 磋商机制首次会议时表示，中美双方进行了专业、理性、深入、坦诚的沟通。双方原则上就落实两国元首6月 5日通话共识以及日内瓦会谈共识达成 ...

百万用户都在看 突发，美军出动！特朗普发声 任正非最新发声！ 据人民日报消息，当地时间6月10日，商务部国际贸易谈判代表兼副部长李成钢在伦敦谈到中美经贸磋商 机制首次会议时表示，中美双方进行了专业、理性、深入、坦诚的沟通。双方原则上就落实两国元首6月 5日通话共识以及日内瓦会谈共识达成了框架。 来源：人民日报（原标题：商务部国际贸易谈判代表：中美原则上达成协议框架） 全面暂停！特朗普签了！ 责编：王璐璐 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 校对： 冉燕青 重磅来袭！突然，跳涨94%！ ...

当地时间6月10日，商务部国际贸易谈判代表兼副部长李成钢在伦敦谈到中美经贸磋商机制首次会议 时表示，中美双方进行了专业、理性、深入、坦诚的沟通。 双方原则上就落实两国元首6月5日通话 共识以及日内瓦会谈共识达成了框架。 ...

当地时间6月10日，商务部国际贸易谈判代表兼副部长李成钢在伦敦谈到中美经贸磋商机制首次会议时 表示，中美双方进行了专业、理性、深入、坦诚的沟通。双方原则上就落实两国元首6月5日通话共识以 及日内瓦会谈共识达成了框架。(人民日报) ...

2025 年 6 月 11 日 股指期货将震荡整理 黄金、白银期货将震荡整理 铜、螺 纹钢、铁矿石、原油、PVC 期货将偏强震荡 陶金峰 期货投资咨询从业资格号：Z0000372 邮箱：taojinfeng@gtht.com 【正文】 【声明】 本报告的观点和信息仅供风险承受能力合适的投资者参考。本报告难以设置访问权限，若给您造成不 便，敬请谅解。若您并非风险承受能力合适的投资者，请勿阅读、订阅或接收任何相关信息。本报告不构 成具体业务或产品的推介，亦不应被视为相应金融衍生品的投资建议。请您根据自身的风险承受能力自行 作出投资决定并自主承担投资风险，不应凭借本内容进行具体操作。 【期货行情前瞻要点】 通过宏观基本面分析和黄金分割线、水平线、日均线等技术面分析，预期今日期货主力合约行情走势大概率如 下： 股指期货将震荡整理：IF2506 阻力位 3863 和 3879 点，支撑位 3830 和 3819 点；IH2506 阻力位 2681 和 2689 点，支撑位 2653 和 2644 点；IC2506 阻力位 5766 和 5801 点，支撑位 5700 和 5673 点；IM2506 阻力位 6168 和 ...

从市场运行节奏看，沪指反身向上，正在尝试挑战 5 月中旬的高点。沪指于 5 月中旬逐步向下调 整，呈现高低点同步下移特征。但最终在 60 天均线获得支撑后，重新展开了一波反弹，目前正在接近 5 月中旬的高点。当然，去年四季度的成交密集区以及今年一季度的市场高点附近仍有较强技术阻力。 首先，市场短期聚焦中美经贸磋商的进程。继上周四中美两国领导人电话沟通之后，双方的新一轮 经贸磋商在英国正式拉开帷幕。近期国内资本市场重心缓慢上移，这其中也已经部分定价了中美贸易缓 和的预期。当然，如果会谈的具体结果低于市场预期的话，短期市场出现些许调整也属正常。目前来 看，围绕基本面预期的波动尚在可控范围之内，预计短期仍是区间震荡行情。 风险提示：国际贸易、地缘冲突超出预期；上市公司业绩增速回落超预期；全球经济衰退超预期。 其次，两市震荡回落，成交增加。周二，两市平开后，上午横向整理，午后出现一波快速的调整， 尾盘略有收回，沪指收盘于略低于五天线。深圳成指周一刚站上 60 天均线，周二再次跌破，显示上方 仍有压力。两市量能超过了 1.4 万亿元，较本周一明显增加。微观结构上，全天个股涨少跌多，涨停股 票数量有所减少。当天市场热点主 ...