目前沥青主力合约已经切换至2602合约，配合前期主力01合约综合来看，近期两周的沥青盘面表现为跌 后弱势震荡格局，震荡区间在2900-3000元/吨之间。现货端来看，同样是跌后弱势震荡，只是震荡区间 更窄，运行在2620-2650之间。可见这段胶着等待冬储的时间内现货市场心态明显企稳。 截至目前冬储的重头戏已经拉开帷幕，现实上周鑫海试探性放价3000元/吨，竟然也有少量接货，再者 就是12月15日山东地方炼厂京博释放的2900-2920元/吨，据反馈市场接货贸易商报盘意愿非常积极。该 冬储的释放成为今年正式冬储的风向标，将可预见的冬储成本框定在了2850-2920元/吨，后续要关注全 部炼厂冬储释放完成后看看总的冬储存量多少，也就能大概率锚定一季度的现货供需环境。 从基差结构上来看，2900元/吨的冬储现货成本对标12月15日BU2604合约的收盘价2995元/吨，最大基差 也就只有-95元/吨。分析后面的基差走势就尤为重要，而基差走势的波动主要看期货端，一般而言冬储 释放后现货价格会呈现阶段支撑，一直到冬储合同提货阶段（1-3月底），这段时间内是缺少现货环境 的，市场交易主要是围绕价格预期展开合同交易，而价 ...

Group 1: Domestic Gold Prices - Domestic gold prices have started to rise again, maintaining around 1321 CNY per gram, with the highest price at 1328 CNY per gram from Chow Sang Sang, and the lowest at 1222 CNY per gram from Shanghai China Gold, resulting in a price difference of 106 CNY per gram [1] - Various brand gold prices have increased, with notable rises including Lao Miao at 1321 CNY (+5 CNY), Liufu at 1319 CNY (+9 CNY), and Chow Sang Sang at 1328 CNY (+10 CNY) [1] - Platinum prices have also seen a slight increase, with Chow Sang Sang's platinum jewelry priced at 654 CNY per gram, up by 2 CNY [1] Group 2: Gold Recycling Prices - The gold recycling price has increased by 6.5 CNY per gram, with significant price differences among brands, such as the recycling price for gold at 938.50 CNY per gram [2] - Other notable recycling prices include Cai Zi at 914.50 CNY, Chow Sang Sang at 903.80 CNY, and Lao Feng Xiang at 922.00 CNY [2] Group 3: International Gold Prices - The spot gold price closed at 4157.27 USD per ounce, with a slight decline of 0.12%, while it temporarily rose to 4179.44 USD per ounce, reflecting a 0.53% increase [4] - The fluctuations in gold prices are influenced by the US Thanksgiving holiday leading to low market activity, alongside mixed factors from expectations of Federal Reserve interest rate cuts and geopolitical tensions [4] - Analysts suggest that gold prices may continue to consolidate in the short term, supported by expectations of Federal Reserve rate cuts, ongoing safe-haven demand, and central bank gold purchases [4]