1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints of the Report - Based on weekly technical indicator signals, different sectors of commodity and financial futures show various trends. In the commodity futures, precious metals, non - ferrous metals, black and shipping, energy, chemical, and agricultural product sectors have different signals of rising, falling, or oscillation. In the financial futures, stock index futures mostly show bearish signals, while treasury bond futures show an oscillatory trend [1][2] 3. Summary by Directory 3.1有色及贵金属板块 - Precious metals: Gold shows a bearish signal, and silver shows an oscillatory signal. Non - ferrous metals: Zinc, industrial silicon, and lithium carbonate show bullish signals, aluminum shows a bearish signal, and the rest show oscillatory signals. For example, Shanghai Aluminum is expected to oscillate in the short - term, with a weekly "umbrella line" but no reversal, a shrinking MACD red column, and a narrowing Bollinger Band [9][10][13] 3.2黑色及航运板块 - Hot - rolled coil, coking coal, and manganese silicon show bullish signals, and the rest, including European container shipping, show oscillatory signals. For example, rebar is expected to oscillate in the short - term, with a flat weekly line, a MACD death - cross above the zero - axis on the daily line, and the price touching the MA60 [18][19][24] 3.3能源及化工板块 - In the energy sector, crude oil, asphalt, and LPG show bullish signals, while fuel oil and low - sulfur fuel oil show oscillatory signals. In the chemical sector, soda ash, 20 - rubber, methanol, PTA, etc. show bullish signals, and the rest show oscillatory signals. For example, pulp is expected to oscillate in the short - term, with a bearish monthly line, weakening upward momentum on the weekly line, and a MACD running below the zero - axis on the daily line [31][32][35] 3.4农产品板块 - Soybean oil, sugar, soybean No. 2, palm oil, rapeseed oil, eggs, and red dates show bullish signals, soybean No. 1, rapeseed meal, and apples show bearish signals, and the rest show oscillatory signals. For example, corn is expected to oscillate in the short - term, with a bullish weekly line but a shrinking red column and a MACD green column expanding on the daily line [40][41][45] 3.5股指期货板块 - Shanghai 50, CSI 500, CSI 1000, and SSE 300 stock index futures all show bearish signals. For example, IC CSI 500 futures and IF SSE 300 futures are expected to oscillate in the short - term [50][51][53] 3.6国债期货板块 - 2 - year, 5 - year, 10 - year, and 30 - year treasury bond futures all show oscillatory signals. For example, the 10 - year treasury bond futures are expected to oscillate and repair in the short - term, and the 2 - year treasury bond futures are expected to oscillate in the short - term [62][63][66]

Report Industry Investment Rating - The report does not provide an overall industry investment rating [1] Core Views - Based on weekly technical indicators, in the commodity futures market, most precious metals and non - ferrous metals show bearish signals, while some black and shipping, energy, and agricultural products show bullish signals; in the financial futures market, most stock index futures show bearish signals, and 2 - year treasury bond futures show bullish signals, with others being volatile [2][3] Summary by Directory 1. Non - ferrous and Precious Metals Sector - Gold and silver in the precious metals sector show weekly bearish signals. In the non - ferrous sector, alumina shows a bullish signal, while most other varieties like nickel, copper, and aluminum show bearish signals, and lead and polysilicon are volatile [9] - The main contract of Shanghai aluminum is expected to be weakly volatile in the short term. This week, the price decreased by 3.77%, the weekly MACD red bar contracted, and the daily MACD showed a death - cross signal. Attention should be paid to the support of the MA60 [13] 2. Black and Shipping Sector - Hot - rolled coils, coke, manganese silicon, and ferrosilicon in the black and shipping sector show bullish signals, and the rest are volatile; European container shipping is also volatile [18] - The main contract of rebar is expected to be volatile in the short term. The daily MACD shows a bullish arrangement but the red bar is shortening. Attention should be paid to the breakthrough situation between 3130 - 3150 yuan/ton and the support of the MA60 [22] 3. Energy and Chemical Sector - In the energy sector, fuel oil, asphalt, LPG, etc. show bullish signals; in the chemical sector, plastics, PVC, etc. show bullish signals, while p - xylene, glass, etc. show bearish signals, and the rest are volatile [27] - The main contract of pulp is expected to be volatile in the short term. The monthly MACD shows a bearish arrangement, and the weekly price fluctuates between 5000 - 5500 yuan/ton [31] 4. Agricultural Products Sector - Logs, soybeans No.2, rapeseed oil, etc. in the agricultural products sector show bullish signals, while cotton, pigs, and red dates show bearish signals, and the rest are volatile [36] - The main contract of corn is expected to be volatile and rising in the short term. The weekly K - line shows a "cross - line" pattern, and the price fluctuates between 2380 - 2420 yuan/ton [41] 5. Stock Index Futures Sector - The Shanghai 50 futures show a volatile trend, while the CSI 300, CSI 500, and CSI 1000 futures show bearish signals [47] - The IC CSI 500 futures have short - term downward pressure. The weekly price dropped by 7.97%, and the daily price broke through the MA60 and approached the MA120 [50] - The IF CSI 300 futures still have short - term downward risks. The weekly price dropped by 3.68%, and the daily price broke through the MA120 [53] 6. Treasury Bond Futures Sector - The 2 - year treasury bond futures show bullish signals, while the 5 - year, 10 - year, and 30 - year treasury bond futures show volatile trends [59] - The T 10 - year treasury bond futures are expected to be weakly volatile in the short term. The weekly price moved away from the MA60, and the daily price broke through the original volatile range [63] - The TS 2 - year treasury bond futures are expected to be volatile in the short term. The daily MACD shows a bullish arrangement, and the price runs between the middle and upper rails of the Bollinger Band [66]

1. Report Industry Investment Rating - The report does not provide an overall industry investment rating [1][2] 2. Core Viewpoints - Based on weekly technical indicator signals, different sectors of commodity and financial futures show various trends. For commodity futures, precious metals, non - ferrous metals, black metals, energy, chemicals, and agricultural products have different outlooks; for financial futures, stock index futures and treasury bond futures also present diverse trends [1][2] 3. Summary by Directory 3.1有色及贵金属板块 - Precious metals: Gold shows a weekly oscillation, while silver shows a bearish signal. Non - ferrous metals: Alumina shows a bullish signal, while lead, tin, and zinc show bearish signals, and the rest of the varieties are mainly oscillating [9][10] - Shanghai Aluminum: In the short - term, it is mainly oscillating. Monthly line is in a bullish arrangement, weekly line shows a bullish arrangement but with increased short - term fluctuations, and daily line has a risk of callback [13] 3.2黑色及航运板块 - Black metals: Rebar, hot - rolled coil, iron ore, coking coal, and coke show bullish signals, and the rest of the varieties are mainly oscillating; European container shipping shows an oscillating trend [18][19] - Rebar: In the short - term, focus on price repair. It is expected to oscillate and repair next week, and pay attention to the resistance range of 3130 - 3150 [21] 3.3能源及化工板块 - Energy: Crude oil, low - sulfur fuel oil, and asphalt show bullish signals, while fuel oil and LPG are mainly oscillating. Chemicals: Polypropylene, caustic soda, methanol, propylene, pure benzene, glass, and soda ash show bullish signals, and pulp shows a bearish signal, and the rest of the varieties are mainly oscillating [27][28] - PTA: In the short - term, it is mainly oscillating and rising. However, be vigilant against the risk of long - position funds taking profits and short - position entry [30] 3.4农产品板块 - Agricultural products: Soybean meal, rapeseed meal, sugar, peanuts, soybeans, rapeseed oil, and eggs show bullish signals, and logs show a bearish signal, and the rest of the varieties are mainly oscillating [36][37] - Corn: It is mainly oscillating, and pay attention to the risk of callback within the week. There is still an upward expectation in the medium - term, but be vigilant against the short - term callback risk [41] 3.5股指期货板块 - Stock index futures: CSI 500 futures and CSI 1000 futures show oscillating signals, while SSE 50 futures and CSI 300 futures show bearish signals [47][48] - IC CSI 500 futures: In the short - term, it is mainly oscillating. The medium - term bullish market is not over, but the short - term price is mainly oscillating and adjusting [51] - IF CSI 300 futures: There is still a certain risk of callback in the short - term [54] 3.6国债期货板块 - Treasury bond futures: 5 - year treasury bond futures show an oscillating trend, while 2 - year, 10 - year, and 30 - year treasury bond futures show bearish signals [60][61] - T 10 - year treasury bond futures: In the short - term, it is mainly oscillating and weak [64] - TS 2 - year treasury bond futures: In the short - term, it is mainly oscillating [66]

Report Industry Investment Rating No specific industry - wide investment rating is provided in the report. Core View of the Report Based on weekly futures technical indicator signals, different trends are predicted for various commodity and financial futures. In commodity futures, the precious metals, non - ferrous metals, black and shipping, energy, chemical, and agricultural product sectors show different signals, including bullish, bearish, and sideways trends. In financial futures, CSI 500 and CSI 1000 index futures are bullish, while SSE 50 and SSE 300 index futures are sideways, and 2 - year, 5 - year, 10 - year, and 30 - year treasury bond futures are also sideways. Overall, investors need to pay attention to position control and stop - profit/stop - loss [1][2]. Summary by Relevant Catalogs 1. Non - ferrous and Precious Metals Sector - Gold in the precious metals sector is bearish, and silver is sideways; in the non - ferrous metals sector, zinc, nickel, industrial silicon, and aluminum alloy are bullish, polysilicon is bearish, and the rest are sideways [9]. - For the Shanghai copper main contract, it is expected to be easy to rise but difficult to fall in the short term. Investors can pay attention to the opportunity of building positions on dips between 100,000 and 103,000 yuan/ton, but need to strictly control positions [12]. 2. Black and Shipping Sector - Manganese silicon, ferrosilicon, and wire rods are bullish, and the rest are sideways; the European container shipping index shows a sideways trend [18]. - The main contract of rebar is expected to be in a sideways repair state next week, with support at 3000 - 3040 yuan/ton [22]. 3. Energy and Chemical Sector - The energy sector is bullish; in the chemical sector, propylene, glass, and soda ash are bullish, pulp and staple fiber are bearish, and the rest are sideways [30]. - The main contract of PTA is expected to be sideways in the short term, with an oscillation range of 5000 - 5400 yuan/ton [35]. 4. Agricultural Products Sector - Soybean oil, sugar, logs, soybean meal, rapeseed, rapeseed oil, corn, and eggs are bullish, and the rest are sideways [41]. - The main contract of corn still has upward potential in the short term, but the risk of a pullback is increasing. The resistance range is 2380 - 2420 yuan/ton, and the support range is 2220 - 2250 yuan/ton. Long positions need strict position management [46]. 5. Stock Index Futures Sector - CSI 500 and CSI 1000 index futures are bullish, and SSE 50 and SSE 300 index futures are sideways [52]. - The IC CSI 500 index futures are expected to rise slowly next week [54]. - The IF SSE 300 index futures are expected to be slightly bullish and sideways in the short term [59]. 6. Treasury Bond Futures Sector - 2 - year, 5 - year, 10 - year, and 30 - year treasury bond futures are sideways [63]. - The T 10 - year treasury bond futures need to be alert to the short - term pullback risk [67]. - The TS 2 - year treasury bond futures are expected to be sideways in the short term, and investors should be vigilant about the pullback risk [71].

1. Report Industry Investment Rating No specific industry investment rating is provided in the report. 2. Core Viewpoints of the Report The report analyzes the weekly technical indicators of various futures varieties, including commodity futures and financial futures, and provides corresponding trading suggestions and price trend expectations [1][2]. 3. Summary by Directory 3.1有色及贵金属板块 - 贵金属板块黄金和白银以震荡为主；有色板块中，镍和氧化铝显示看涨信号，多晶硅和铝合金看跌，其余品种震荡 [9]。 - 沪铜主力节前周线收近似十字星，底部支撑仍存，但短期震荡，建议关注节后价格波动，可在 10 万至 10.3 万元/吨区间逢低建仓 [1][12]。 3.2黑色及航运板块 - 热卷、铁矿石、硅铁和焦煤显示看跌信号，其余品种震荡；欧线集运震荡 [18][19]。 - 螺纹钢短期震荡偏弱，日线空头排列，关注 3000 - 3040 元/吨支撑 [1][21]。 3.3能化板块 - 能源板块燃料油和低硫燃料油看涨，其余震荡；化工板块尿素、烧碱、纯苯看涨，甲醇、苯乙烯、乙二醇看跌，其余品种震荡 [1][27]。 - PTA 周线维持 5000 - 5400 元/吨震荡区间，短期震荡为主 [1][30]。 3.4农产品板块 - 玉米淀粉、鸡蛋、豆一、菜籽粕、玉米、苹果、红枣看涨，棕榈油看跌，其余震荡 [1][37]。 - 玉米主力短期震荡，日线反弹但面临周线压力，支撑位 2220 - 2250 元/吨，压力位关注周度 MA120 [1][43][44]。 3.5股指期货板块 - 中证 500（IC）显示看涨信号，但短期以震荡为主；上证 50、沪深 300 及中证 1000 均显示震荡信号 [2][50]。 - IC 中证 500 期货关注节后第一周价格波动风险 [53]。 3.6国债期货板块 - 30 年期和 5 年期国债期货看涨为主，2 年期和 10 年期震荡 [2][56]。 - 10 年期国债期货（T）短期关注 MA250 支撑及 108.5 - 108.7 阻力，短线仍有上涨动能 [2][63]。

Report Industry Investment Rating There is no information about the report industry investment rating in the provided content. Core Viewpoint - The previous trading day saw the Shanghai zinc futures show a volatile upward trend, closing with a positive line. The trading volume shrank, and both long and short positions reduced, with the short positions decreasing more. Overall, it was a volume - shrinking upward movement. As the holiday approached, both long and short positions showed a cautious attitude. The market is expected to fluctuate and decline in the short term. Technically, the price closed above the long - term moving average with strong support from the moving average. The short - term KDJ indicator rose and operated in the weak area. The trend indicator declined, with the long - position strength increasing and the short - position strength decreasing, and the long - position strength advantage expanding. The operation suggestion is that the Shanghai zinc ZN2603 will fluctuate and decline [20]. Summary by Relevant Catalog 1. Fundamentals - In November 2025, global zinc plate production was 1.197 million tons, consumption was 1.168 million tons, with a supply surplus of 29,000 tons. From January to November, global zinc plate production was 12.7561 million tons, consumption was 13.1065 million tons, with a supply shortage of 350,400 tons. In November, global zinc ore production was 1.069 million tons, and from January to November, it was 12.1419 million tons, which is a bullish factor [2]. 2. Basis - The spot price was 24,520, and the basis was - 65, which is a neutral factor [2]. 3. Inventory - On February 11, the LME zinc inventory decreased by 1,500 tons to 105,250 tons compared with the previous day, and the SHFE zinc inventory warrants increased by 8,100 tons to 42,335 tons compared with the previous day, which is a neutral factor [2]. 4. Market Trends - The previous day, the Shanghai zinc futures showed a volatile upward trend, closing below the 20 - day moving average, and the 20 - day moving average was upward, which is a neutral factor [2]. 5. Main Positions - The main positions were net long, and the long positions increased, which is a bullish factor [2]. 6. Futures Exchange Zinc Futures Quotes on February 11 - The quotes of zinc futures contracts with different delivery months, including pre - settlement price, opening price, high price, low price, closing price, settlement reference price, price changes, trading volume, trading amount, and open interest and its changes, are provided [3]. 7. Domestic Main Spot Market Quotes on February 11 - The prices of zinc concentrate (domestic spot TC was 1,300 yuan/metal ton, and imported comprehensive TC was 30 US dollars/dry ton) and zinc ingots in different regions (such as Shanghai, Guangdong, Tianjin, and Zhejiang) are provided [4]. 8. National Main Market Zinc Ingot Inventory Statistics (2025/1/29 - 2026/2/9) - The inventory data of zinc ingots in different markets (FR, Guangdong, Tianjin, Shandong, Zhejiang, Jiangsu) at different times are provided, showing the inventory changes over time [5]. 9. Futures Exchange Zinc Warrant Report on February 11 - The zinc warrant data in different regions (Shanghai, Guangdong, Jiangsu, Zhejiang, Tianjin) and their changes are provided [6]. 10. LME Zinc Inventory Distribution and Statistics on February 11 - The inventory data of LME zinc, including previous day's inventory, inbound and outbound volume, current inventory, registered warrants, cancelled warrants, and the proportion of cancelled warrants, are provided [8]. 11. National Main City Zinc Concentrate Price Summary on February 11 - There is no specific price data provided in the given content, only the title is mentioned [10]. 12. National Market Zinc Ingot Smelter Price Quotes on February 11 - The price quotes of zinc ingots from different smelters, including brand, specification, price range, and average price, are provided [13]. 13. Domestic Refined Zinc Production in January 2026 - The production data of domestic refined zinc in January 2026, including planned production, actual production, month - on - month change, year - on - year change, deviation from the planned value, capacity utilization rate, and planned production in February, are provided [16]. 14. Zinc Concentrate Processing Fee Quotes on February 11 - The processing fee quotes of zinc concentrate in different regions (domestic and imported) with different grades are provided [18]. 15. Shanghai Futures Exchange Member Zinc Trading and Position Ranking Table on February 11 - The trading volume, long - position volume, and short - position volume of different members and their changes are provided [19].

1. Report Industry Investment Rating - Not provided in the given content 2. Report's Core View - The lithium carbonate futures market shows a strong bullish pattern, with a tight balance between supply and demand. The polysilicon market is expected to oscillate, and the industrial silicon market is expected to be weak with oscillations [1][6][15] 3. Summary by Related Catalogs 3.1 Lithium Carbonate - **Market Trend**: The lithium carbonate futures price opened significantly higher and then oscillated. The main 2605 contract rose 3.07% to 137,000 yuan/ton compared to the previous trading day's closing price [1] - **Core Logic**: The demand side may see a surge in export orders due to the reduction of lithium battery export tax rebates, and the production schedule of the materials sector in March has a year - on - year growth rate generally greater than 50%. The supply side will see a record - high import volume in March in China corresponding to the large increase in Chile's lithium salt exports in January, but this is a temporary increase. The weekly production this week decreased by 825 tons, and the inventory decreased by 2,019 tons compared to last week. The tight balance between supply and demand remains unchanged [1] - **Technical Analysis**: The 5 - minute cycle of the main 2605 contract is a green line, red band, and green ladder. The 2 - hour cycle overnight shows a weak green ladder line, with the long - short equilibrium level at 148,100 yuan/ton [1] - **Strategy Suggestion**: Based on the judgment of the lithium carbonate price's strong oscillation, one can lightly buy when the price drops to 130,000 yuan/ton. Pay close attention to market dynamics and set stop - loss points. For intraday trading, use the "First K Breakthrough Method" or "Three - Line Resonance Method" to find entry points [2] - **Concerns**: Whether there is regulatory upgrade, the resumption progress of Jiaxiawo, and the production schedule on the demand side [3] 3.2 Polysilicon - **Market Trend**: The polysilicon futures oscillated narrowly. The main 2605 contract rose 0.17% to 49,370 yuan/ton compared to the previous trading day's closing price [6] - **Core Logic**: The trading volume is light, lacking upward and downward drivers. It is expected to oscillate in the range of (48,000, 51,000). Affected by the shutdown of leading enterprises, the polysilicon production schedule in February 2026 was 79,500 tons, a 14.97% month - on - month decrease. The inventory increased slightly, and the market orders were limited. The current production is insufficient to cover short - term shipments, leading to an increase in inventory. The spot price weakened slightly, with the N - type re - feed material quoted at 48.2 - 59 yuan/kg [6][9] - **Technical Analysis**: The 5 - minute cycle of the 2605 contract is a green line, blue band, and green ladder. The 2 - hour cycle overnight shows a strong red ladder line, with the long - short equilibrium level at 47,050 yuan/ton [9] - **Strategy Suggestion**: It may continue to oscillate in the range of (48,000, 51,000). Pay attention to the latest quotes of silicon material enterprises to downstream and whether trading restrictions can be gradually lifted [9] 3.3 Industrial Silicon - **Market Trend**: The industrial silicon futures oscillated. The 2605 contract fell 0.59% to 8,450 yuan/ton compared to the previous trading day's closing price [15] - **Core Logic**: In the past three days, the industrial silicon has continuously increased positions and declined significantly, and the spot price has also declined. On the supply side, large factories in the northwest region have shut down, and the operation in the southwest region has remained at a low level, resulting in a tightened supply. As of February 5, the number of operating furnaces of metallic silicon in China was 178, with an overall operating rate of 22.36%, a decrease of 32 compared to last week. On the demand side, approaching the Spring Festival, most downstream silicon enterprises are on holiday, and the procurement willingness is low except for rigid - demand procurement. The polysilicon production schedule in February was 79,500 tons, a 14.97% month - on - month decrease. The operating rates of the organic silicon and aluminum alloy markets remained stable, and the overall downstream demand is expected to further narrow. The total inventory of industrial silicon is at a five - year high. It is expected to oscillate weakly, and attention should be paid to the support level of 8,400 yuan/ton [15] - **Technical Analysis**: The industrial silicon has continued to increase positions significantly. The 5 - minute cycle of the 2605 contract is a green line, green band, and green ladder. The 2 - hour cycle overnight shows a weak green ladder line, with the long - short equilibrium level at 8,850 yuan/ton [15] - **Strategy Suggestion**: It is expected to oscillate weakly. If it breaks through 8,400 yuan/ton downward, it may turn to a weak operation. For intraday trading, one can refer to the Band Winner indicator in combination with the 8:30 morning live broadcast [15]

Report Industry Investment Rating No relevant content provided. Core View of the Report Most sectors are under short - term pressure, and the volatility risk around the Spring Festival increases. Investors need to manage their positions carefully [1]. Summary by Directory 1. Non - ferrous and Precious Metals Sector - Gold and silver in the precious metals sector are expected to decline next week; alumina in the non - ferrous sector shows a bullish signal, while aluminum, zinc, tin, aluminum alloy, copper, and industrial silicon show bearish signals, and the rest of the varieties are expected to fluctuate [8]. - The main contract of Shanghai copper had large fluctuations before the festival. MACD formed a death cross approaching the zero axis, the price dropped to the lower Bollinger Band, and the trading volume and open interest decreased. It is expected to continue to fluctuate and correct next week. Attention should be paid to the support of MA60, and long positions are advised to wait and manage positions [12]. 2. Black and Shipping Sector - Hot - rolled coils, wire rods, manganese silicon, rebar, and iron ore show bearish signals next week, and the rest of the varieties are expected to fluctuate; European - line container shipping shows a bullish signal [17]. - The main contract of rebar has been falling continuously on the daily line. MACD is in a short position to the zero axis, and the price has broken through MA60. The support around 3000 - 3040 is to be noted, and the downward trend is expected to continue [21]. 3. Energy and Chemical Sector - In the energy sector, crude oil, asphalt, and LPG show bullish signals, while fuel oil and low - sulfur fuel oil are expected to fluctuate. In the chemical sector, polypropylene shows a bullish signal, while PTA, paraxylene, etc. show bearish signals [26]. - The main contract of PTA is expected to fluctuate in the short term. It is currently in a 5000 - 5400 yuan/ton oscillation range. MACD maintains a long position but the bars are shrinking. The daily - line price shows a weak oscillation, and it is expected to fluctuate next week [29]. 4. Agricultural Products Sector - Soybean No.1, sugar, and corn in the agricultural products sector show bullish signals next week, while soybean No.2, rapeseed meal, etc. show bearish signals, and the rest of the varieties are expected to fluctuate [36]. - The main contract of corn is expected to fluctuate before the festival. The daily - line price is in a consolidation state, with insufficient trading volume and open interest. MACD forms a death cross above the zero axis, but the downside space is limited. It may fluctuate around 2220 - 2250 yuan/ton in the short term [41]. 5. Stock Index Futures Sector - The main contracts of Shanghai 50, CSI 300, CSI 500, and CSI 1000 index futures all show oscillation signals next week [2]. - The weekly - line price of IC (CSI 500) futures continued to decline by 2.93%, and the daily - line MACD is in a short position above the zero axis. It is expected to fluctuate next week, and risk and position management should be noted [50]. 6. Treasury Bond Futures Sector - The 2 - year and 30 - year treasury bond futures show bullish signals next week, while the 5 - year and 10 - year treasury bond futures are expected to fluctuate [53]. - The price of the main contract of the 10 - year treasury bond futures T is expected to fluctuate. The daily - line shows a long - position arrangement, and the price has stood above MA250. Attention should be paid to the price movement around MA250, and the resistance range of 108.5 - 108.7 can be noted [60].

Report Industry Investment Rating There is no specific industry investment rating provided in the report. Core Viewpoints - Based on technical indicator signal analysis of futures, different trends are shown in various sectors. In the precious metals sector, silver, platinum, and palladium show bearish signals, while gold remains volatile. In the non - ferrous sector, zinc, tin, lithium carbonate, and aluminum alloy are bullish, and Shanghai lead is bearish, with the rest being volatile. In the black and shipping sector, hot - rolled coils, wire rods, coking coal and coke, manganese silicon, and ferrosilicon are bullish, and European line container shipping is volatile. In the energy and chemical sector, LPG is bullish, and many varieties in the chemical sector such as rubber series, ethylene glycol, methanol, and PTA are bullish. In the agricultural products sector, peanuts and logs are bullish, and sugar, eggs and other varieties are bearish. In the stock index futures, CSI 1000 is bullish, CSI 500 is volatile, and SSE 50 and CSI 300 are bearish. In the treasury bond futures, 2 - year treasury bonds are bullish, and 5 - year, 10 - year, and 30 - year treasury bonds are mainly volatile [1][2]. Summary by Directory 1. Non - ferrous and Precious Metals Sector - Precious metals: Silver, platinum, and palladium show bearish signals, and gold shows a volatile signal. Non - ferrous metals: Zinc, tin, lithium carbonate, and aluminum alloy show bullish signals, Shanghai lead shows a bearish signal, and the rest of the varieties are mainly volatile [8][9]. - For Shanghai copper, it maintained high - level volatility this week. The weekly line is bullish, and the daily line shows a balance between bulls and bears. If it continues to rise at the beginning of next week and the MACD forms a golden cross, it is expected to break through; otherwise, continue to wait and see [11]. 2. Black and Shipping Sector - Hot - rolled coils, wire rods, coking coal and coke, manganese silicon, and ferrosilicon show bullish signals, and the rest of the varieties are mainly volatile. European line container shipping shows a volatile signal [17][18]. - For rebar, it has been in a downward channel with a gradually rising center of gravity since October 2021. This week, it showed a "V" shape and is currently in low - level volatility. The MACD is expected to form a golden cross above the zero - axis, and the price may rebound within the range, but it does not form a strong trend [21]. 3. Energy and Chemical Sector - In the energy sector, LPG shows a bullish signal, and the rest of the varieties are volatile. In the chemical sector, rubber series, ethylene glycol, offset printing paper, methanol, PTA, p - xylene, PVC, propylene, pulp, staple fiber, and bottle chips show bullish signals, and the rest of the varieties are volatile [26][27]. - For PTA, the weekly line has broken through the adjustment center, with a long - position arrangement of moving averages and a golden cross in MACD, indicating short - term upward momentum. Pay attention to the pressure in the range of 5300 - 5500 yuan/ton [31]. 4. Agricultural Products Sector - Peanuts and logs show bullish signals, sugar, eggs, live pigs, and soybean meal show bearish signals, and the rest of the varieties are mainly volatile [38][39]. - For sugar, the weekly line is in a downward channel. Recently, it has been running along the lower edge of the channel, and the daily - line MACD shows a death cross. Be vigilant about the risk of decline [44]. 5. Stock Index Futures Sector - CSI 1000 futures show bullish signals, CSI 500 futures show volatile signals, and SSE 50 and CSI 300 futures show bearish signals [50][51]. - The weekly line of IC CSI 500 futures rose 5.45% this week, with a long - position arrangement of moving averages and the Bollinger Bands expanding. The daily line shows that the price continues to rise above the MA5, indicating that the upward momentum still exists [53][54]. 6. Treasury Bond Futures Sector - 2 - year treasury bond futures are mainly bullish, and 5 - year, 10 - year, and 30 - year treasury bond futures are mainly volatile [57][61]. - The T 10 - year treasury bond futures have a slightly elevated center of gravity this week. The daily line shows that the price has stood above the MA60 and MA120, and the MACD maintains a golden cross. The price is running near the upper track of the Bollinger Bands. It is expected to be volatile or slowly repair upwards. Pay attention to the support at 107.06 - 107.39 and the resistance at 108.5 - 108.7 [64].

Report Industry Investment Rating - Not provided in the given content Core Viewpoints - The current market shows significant structural characteristics, with various futures varieties having different trends. It is recommended to manage positions based on specific signals [1][2] Summary by Directory 1. Non-ferrous and Precious Metals Sector - In the precious metals sector, gold and palladium show bullish signals, while other varieties are mainly oscillating. In the non-ferrous sector, lithium carbonate shows a bullish signal, and other varieties are mainly oscillating [1][8] - The medium- to long-term upward trend of Shanghai copper has not ended. Key indicators support the continuation of the trend, and short-term sharp corrections are less likely [12] 2. Black and Shipping Sector - Rebar and ferrosilicon show bearish signals, and other varieties are mainly oscillating. European container shipping shows a bearish signal [17][18] - Rebar prices are mainly in consolidation. Technical momentum is insufficient, and it is expected to continue to consolidate above the support range in the short term [21] 3. Energy and Chemical Sector - In the energy sector, fuel oil, low-sulfur fuel oil, crude oil, and LPG show bullish signals, and asphalt is mainly oscillating. In the chemical sector, pure benzene shows a bullish signal, synthetic rubber shows a bearish signal, and other varieties are mainly oscillating [26] - PTA is mainly oscillating, and attention should be paid to the risk of correction. The upper resistance is in the range of 5,300 - 5,500 yuan/ton [1][29] 4. Agricultural Products Sector - Soybean oil, palm oil, soybean meal, rapeseed oil, eggs, live pigs, and red dates show bullish signals. Rapeseed meal, cotton, logs, and peanuts show bearish signals, and other varieties are mainly oscillating [35][36] - Sugar prices should be noted for the risk of decline. In the long-term downward trend, short-term rebounds are difficult to fundamentally reverse the decline [1][40] 5. Stock Index Futures Sector - Shanghai 50 futures, CSI 300 futures, and CSI 500 futures all show bullish signals, while CSI 1000 futures are mainly oscillating [45] - CSI 500 futures maintain a short-term oscillating upward repair pattern, but attention should be paid to short-term shock/correction risks and position management [47] 6. Treasury Bond Futures Sector - 5-year and 30-year treasury bond futures are mainly oscillating, while 2-year and 10-year treasury bond futures mainly show bearish signals [52] - 10-year treasury bond futures are mainly oscillating, and attention should be paid to the risk of decline. The short-term support range is around 107.06 - 107.39, and the upper resistance range is between 108.5 - 108.7 [54]