| 序号 | 合村名称 | 最新 | 现手 | 天价 | 英价 | ਕ ਵਿੱਚ 1 | 以平 | 48 | 成交軍 | 月時 | 持创量 | 日增仓 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | T | 碳酸铝2511 M | 88160 | 4530 | 88120 | 88160 | 3.40% | 2 | 147 | 4530 | 2900 | 402034 | 895 | | 2 | & 甲ESSEI IN | 52810 | 497 | 52810 | 52860 | 2.74% | 59 | J | 497 | 1410 | 138650 | -73 | | 3 | 标相轴2601 M | ae48 | 606 | 9648 | 9650 | 2.57% | 15 | 872 | 377865 | 242 | 524404 | 43569 | | 4 | 工业定2511 M | 8805 | 775 | 8805 | 8810 | 2.09% | 268 | 1 | 775 ...

Report Summary 1) Report Industry Investment Rating No information provided. 2) Report's Core View - Gold is expected to be weak in the short - term due to the easing of Sino - US trade relations and pressure from the overall global macroeconomic warming since August [1][3]. - Copper is expected to be strong in the short - term as the domestic atmosphere warms up and the copper price stabilizes and rebounds, despite some negative factors [1][5]. 3) Summary by Related Catalogs Gold - Short - term view: Downward; Medium - term view: Sideways; Intraday view: Sideways and weak; Overall view: Bearish in the short - term [1][3]. - Core logic: Yesterday, the gold price was under continuous pressure. The US July PPI annual rate reached 3.3%, the highest since February, and the monthly rate was 0.9%, the largest increase since June 2022. After the data release, interest - rate futures traders reduced their bets on Fed rate cuts, and the US dollar index rebounded, pressuring the gold price. Since August, the global macro has generally improved, adding pressure on the gold price [3]. Copper - Short - term view: Upward; Medium - term view: Sideways; Intraday view: Sideways and strong; Overall view: Bullish in the short - term [1][5]. - Core logic: Yesterday, the copper price fluctuated downward, and the night - session maintained a weak trend. The joint statement of the Sino - US Stockholm economic and trade talks was released on August 12, 2025, creating a good macro atmosphere at home and abroad, which is beneficial for the copper price. However, the higher - than - expected US PPI, the cooling of rate - cut expectations, and the rebound of the US dollar index are negative for the copper price. It is the off - season in the industry, and inventories have increased slightly. Overall, the copper price is expected to be strong driven by the macro factors [5].

美国PPI数据公布后，美债小幅走高，2年期国债收益率下行逾1bp，现报3.934%。 ...

期货投资咨询 从业证书号 Z0019878 助理研究员: 陈思嘉 期货从业资格号F03118799 铝类市场周报 需求淡季供给持稳，铝类或将有所承压 研究员:王福辉 期货从业资格号 F03123381 瑞达期货研究院 「2025.06.13」 取 更 多 资 讯 业务咨询 添加客服 关 注 我 们 获 目录 1、周度要点小结 2、期现市场 3、产业情况 4、期权市场分析 「 周度要点小结」 行情回顾：沪铝震荡走强，周涨跌幅+1.84%，报20440元/吨。氧化铝震荡偏弱，周涨跌-1.69%，报2852元/吨。 行情展望：国际方面，美国5月PPI同比增长2.6%，符合预期，前值增长2.4%。美国5月核心PPI同比增长3%，低于预 期值3.1%，前值为3.1%。数据显示，美国5月生产者价格涨幅保持温和，因商品和服务成本升幅有限。国内方面，商 务部在谈到中美经贸关系时表示，中方反对单边加征关税措施的立场是一贯的，敦促美方恪守世贸组织规则，与中方 按照相互尊重、和平共处、合作共赢的原则，共同推动中美经贸关系稳定、可持续发展。基本面原材料端，铝土矿报 价持稳，港口库存小幅回落，当前国内供给仍较为充足。氧化铝供给端，氧化 ...

FICC日报 | 2025-06-13 市场情绪偏谨慎，指数震荡 市场分析 美国PPI符合预期。国内方面，外交部就"中美经贸磋商机制首次会议"答记者问称，本次会议是在两国元首的战略 指引下举行的，双方就落实两国元首6月5日通话重要共识和巩固日内瓦经贸会谈成果的措施框架达成原则一致， 就解决双方彼此经贸关切取得新进展。既然达成了共识，双方都应遵守。希望美方同中方一道落实两国元首通话 达成的重要共识，发挥中美经贸磋商机制作用，通过沟通对话增进共识、减少误解、加强合作。随后，商务部在 谈到中美经贸关系时表示，中方反对单边加征关税措施的立场是一贯的，敦促美方恪守世贸组织规则，与中方按 照相互尊重、和平共处、合作共赢的原则，共同推动中美经贸关系稳定、可持续发展。海外方面，美国5月PPI同 比增长2.6%，符合预期，前值增长2.4%。美国5月核心PPI同比增长3%，低于预期值3.1%，前值为3.1%。上周初请 失业金人数录得24.8万人，为2024年10月5日当周以来新高；预期24万人，前值由24.7万人修正为24.8万人。 指数震荡。现货市场，A股三大指数震荡，上证指数涨0.01%收于3402.66点，创业板指涨0.2 ...

Group 1 - The US Producer Price Index (PPI) for May showed a lower-than-expected growth rate, indicating continued moderate inflation, which has increased market expectations for a Federal Reserve interest rate cut [1][2] - The 10-year US Treasury yield fell by 6.11 basis points to 4.36%, reaching a new low since early May, while the 20-year and 30-year yields also dropped over 7 basis points [1] - The US Treasury issued $22 billion in 30-year bonds with a bid-to-cover ratio of 2.43, indicating strong demand despite a slight decrease in the indirect bid ratio [1][2] Group 2 - The May PPI increased by 0.1% month-on-month, below the expected 0.2%, while the year-on-year growth was 2.6%, slightly higher than April's 2.4% [2] - Core PPI, excluding food and energy, rose by 0.1% month-on-month, lower than the expected 0.3%, and the year-on-year increase was 3.0%, slightly above expectations [2] - The probability of a Federal Reserve rate cut before September has risen to approximately 80%, reflecting increased investor confidence in a potential easing of monetary policy [2]

Core Viewpoint - The article discusses the recent economic data from the U.S., highlighting a lower-than-expected Producer Price Index (PPI) and rising unemployment claims, which have led to increased speculation about potential interest rate cuts by the Federal Reserve. This has resulted in a significant decline in the U.S. dollar and a rise in non-U.S. currencies, alongside warnings from prominent investors about the dollar's future depreciation. Economic Data Summary - The U.S. May PPI increased by 0.1% month-on-month and 2.6% year-on-year, aligning with expectations, but the month-on-month growth was below the anticipated 0.2% [1][4] - Core PPI, excluding food and energy, rose by 0.1% month-on-month and 3% year-on-year, both figures falling short of market expectations [4][8] - Initial jobless claims for the week ending June 7 reached 248,000, exceeding expectations and marking the highest level since October 2024 [10][11] Market Reactions - Following the economic data release, traders have fully priced in the possibility of two interest rate cuts by the Federal Reserve this year, with a 80% chance of a cut in September [2][5] - The U.S. dollar index experienced a sharp decline, dropping over 1% to a low of 97.6003, the lowest since March 2022, while other non-U.S. currencies appreciated [2][5] Investor Insights - Notable investor Paul Tudor Jones warned that the dollar could significantly depreciate over the next year due to falling short-term interest rates, predicting a potential 10% drop [13][14] - Concerns about the U.S. debt burden and interest payments have been raised by other financial leaders, indicating a challenging environment for dollar assets [18][19] - Analysts suggest that ongoing trade tensions and high trade deficits are diminishing the dollar's attractiveness, leading to a shift towards European assets [19][20]

Core Insights - The article discusses the implications of the recent U.S. Producer Price Index (PPI) data and the Federal Reserve's decision to delay interest rate cuts, raising questions about the future direction of gold prices [1] Group 1: Economic Indicators - The U.S. PPI data is a critical economic indicator that reflects inflation at the wholesale level, influencing monetary policy decisions [1] - The Federal Reserve's choice to postpone interest rate cuts suggests a cautious approach to managing inflation and economic growth [1] Group 2: Market Implications - The delay in rate cuts may lead to increased volatility in gold prices, as investors reassess their strategies in response to changing economic conditions [1] - The article hints at potential shifts in investment strategies, particularly in commodities like gold, as market participants react to the PPI data and Fed's stance [1]