12月22日，国内期货收盘多数上涨，欧线集运主连上涨8.77%，钯主连、铂主连、沪银主连、沪镍主连 涨超4.5%；塑料月均主连下跌2.53%，塑料主连、多晶硅主连跌超2.0%。 当日收盘领涨品种 期货合约涨跌幅%现价（元）成交额欧线集运主连8.771871.848.02亿元钯主连7.0508.45136.45亿元铂主 连6.99568.45295.41亿元沪银主连6.0616210.04030.90亿元沪镍主连4.55121260.0232.58亿元PTA主连 4.525040.0463.25亿元碳酸锂主连3.98114380.01147.53亿元对二甲苯主连3.987258.0259.22亿元短纤主连 3.286432.0103.47亿元瓶片主连3.05904.075.05亿元 当日收盘领跌品种 期货合约涨跌幅%现价（元）成交额塑料月均主连-2.536154.01.47亿元塑料主连-2.386240.0210.46亿元多 晶硅主连-2.0858845.0382.45亿元聚丙烯主连-1.816119.0132.87亿元PVC月均主连-1.814352.01.03亿元 PVC主连-1.714591.0263.4 ...

当日收盘领跌品种 期货合约涨跌幅%现价（元）成交额焦煤主连-4.391035.0763.62亿元焦炭主连-2.961491.527.66亿元烧碱 主连-2.272113.0242.20亿元乙二醇主连-2.233599.071.63亿元PVC主连-1.594276.0149.73亿元燃油主 连-1.572382.0123.24亿元PVC月均主连-1.484318.05977.955万元玻璃主连-1.44956.0151.19亿元氧化铝主 连-1.42469.0120.55亿元生猪主连-1.3611220.0133.14亿元 本文源自：市场资讯 12月11日，国内期货收盘多数下跌，焦煤主连下跌4.39%，焦炭主连、烧碱主连、乙二醇主连、PVC主 连跌超1.5%；碳酸锂主连上涨3.97%，沪银主连、纸浆主连涨超2.5%。 当日收盘领涨品种 期货合约涨跌幅%现价（元）成交额碳酸锂主连3.9798880.0728.65亿元沪银主连3.0714488.03517.20亿元 纸浆主连2.955586.0466.82亿元菜油主连2.319599.0172.15亿元豆二主连2.143815.046.64亿元欧线集运主 连2.0 ...

当日收盘领涨品种 期货合约涨跌幅%现价（元）成交额生猪主连2.2911385.0196.54亿元低硫燃油主连2.183089.027.16亿元 沪银主连2.0613706.04179.37亿元燃油主连1.912508.094.53亿元纯苯主连1.765560.026.99亿元碳酸锂主连 1.7694840.0563.27亿元沪铜主连1.5492970.0901.00亿元苯乙烯主连1.526669.0123.64亿元钯主连 1.07383.718.97亿元国际铜主连1.0483320.048.38亿元 当日收盘领跌品种 期货合约涨跌幅%现价（元）成交额焦煤主连-6.141093.5750.37亿元焦炭主连-5.791537.039.54亿元胶版 纸主连-2.754024.07.56亿元多晶硅主连-2.6554545.0254.75亿元尿素主连-2.141646.071.56亿元菜粕主 连-2.012342.086.24亿元工业硅主连-1.988675.0108.79亿元乙二醇主连-1.963701.066.04亿元豆粕主 连-1.772778.0304.46亿元淀粉主连-1.72549.039.26亿元 本文源 ...

Core Viewpoint - The domestic futures market closed mostly higher on November 28, with significant gains in various contracts, particularly in the European shipping index and LPG, while palladium saw a notable decline [1] Group 1: Leading Gainers - The European shipping index futures rose by 6.74%, closing at 1471.9 yuan with a transaction volume of 3 billion yuan [2] - LPG futures increased by 3.35%, reaching 4412.0 yuan and a transaction volume of 119.91 billion yuan [2] - Shanghai silver futures gained 3.21%, closing at 12727.0 yuan with a transaction volume of 3069.51 billion yuan [2] - Propylene futures rose by 2.33%, closing at 5940.0 yuan and a transaction volume of 29.24 billion yuan [2] - Crude oil futures increased by 1.98%, closing at 453.9 yuan with a transaction volume of 296.81 billion yuan [2] Group 2: Leading Decliners - Palladium futures fell by 2.63%, closing at 371.55 yuan with a transaction volume of 40.64 billion yuan [2] - Coking coal futures decreased by 1.99%, closing at 1574.5 yuan and a transaction volume of 33.04 billion yuan [2] - Red dates futures dropped by 1.15%, closing at 9025.0 yuan with a transaction volume of 44.25 billion yuan [2] - Coking coal futures declined by 0.79%, closing at 1067.0 yuan and a transaction volume of 322.70 billion yuan [2] - Live pig futures fell by 0.78%, closing at 11465.0 yuan with a transaction volume of 119.49 billion yuan [2]

本文源自：市场资讯 作者：行情君 当日收盘领跌品种 期货合约涨跌幅%现价（元）成交额碳酸锂主连-1.6895820.0719.45亿元沥青主连-1.413007.067.28亿元短 纤主连-1.226162.096.66亿元多晶硅主连-0.9155235.0545.00亿元菜籽主连-0.835392.016.203万元PTA主 连-0.734632.0199.54亿元瓶片主连-0.75642.030.03亿元欧线集运主连-0.691387.717.22亿元沪铅主 连-0.6716955.048.45亿元纸浆主连-0.655184.095.15亿元 11月27日，国内期货收盘多数上涨，铂主连上涨6.25%，沪银主连、沪锡主连、鸡蛋主连、棕榈油主连 涨超1.5%；碳酸锂主连下跌1.68%，沥青主连、短纤主连跌超1.0%。 当日收盘领涨品种 期货合约涨跌幅%现价（元）成交额铂主连6.25430.3273.18亿元沪银主连3.3512525.03380.72亿元沪锡主 连2.11302200.0518.25亿元鸡蛋主连2.083282.0116.64亿元棕榈油主连1.748528.0324.67亿元钯主连 1.533 ...

Core Viewpoint - The recent surge in silver prices, breaking the $52 mark, is attributed to a combination of industrial demand, monetary policy expectations, and geopolitical risks, reflecting a significant shift in market dynamics [1][3]. Group 1: Price Movement - On October 14, 2025, spot silver prices reached a historical high of $52.67 per ounce, marking a 73% increase since the beginning of the year, outpacing gold's 53% rise [1][3]. - The domestic silver price in China surged to 11,934 yuan, an 18% increase since early September [1][3]. Group 2: Market Drivers - The surge in silver prices is driven by three main factors: 1. Industrial demand for silver has significantly increased, with projections indicating that global photovoltaic installations will reach 655 GW by 2025, accounting for 25% of total silver demand [6][7]. 2. Expectations of a Federal Reserve interest rate cut, with a 97% probability of a rate decrease in October, have led to increased investment in silver as lower interest rates reduce holding costs [7][8]. 3. Geopolitical tensions, including the escalation of the Russia-Ukraine conflict and uncertainties in trade policies, have driven investors towards silver as a safe-haven asset [10][11]. Group 3: Future Outlook - Market opinions on silver's future price trajectory are divided: - Optimistic forecasts, such as from Bank of America, suggest prices could reach $65 by 2026 due to ongoing supply-demand imbalances and increasing photovoltaic demand [13]. - Cautious perspectives, like those from HSBC, predict price fluctuations between $45 and $53, citing potential corrections if inflation rebounds and interest rate cuts do not materialize [14][15]. - The long-term outlook remains positive as long as the Federal Reserve maintains a dovish stance and photovoltaic demand continues to rise, while short-term strategies should focus on waiting for price corrections below $50 before entering the market [15].

Report on Pre - market Tips 1. Industry Investment Rating No investment rating information is provided in the report. 2. Core View The report focuses on the precious metals market, including gold and silver. It points out that the US economy remains robust, with better - than - expected consumer confidence and retail sales data. However, inflation data is mixed, which makes the Fed likely to remain cautious. Gold and silver prices are in a state of oscillation, and long - position holders of silver are advised to continue holding [1]. 3. Summary by Sections Market Review - COMEX gold futures rose 0.30% to $3355.5 per ounce, and COMEX silver futures rose 0.32% to $38.425 per ounce. At night, the main contract of Shanghai gold rose 0.36% to 778.10 yuan per gram, and the main contract of Shanghai silver rose 0.33% to 9216 yuan per kilogram [1]. Important Information - As of July 18, the holdings of the world's largest gold ETF, SPDR Gold Trust, decreased by 4.87 tons to 943.63 tons, and the holdings of the world's largest silver ETF, iShares Silver Trust, decreased by 36.74 tons to 14658.21 tons. - The preliminary value of the University of Michigan Consumer Confidence Index in the US in July was 61.8 (expected 61.5, previous value 60.7), and the preliminary value of the one - year inflation rate expectation in July was 4.4% (expected 5.0%, previous value 5.0%) [1]. Market Logic - The US retail sales month - on - month rate in June was 0.6%, the highest since March this year, higher than the market expectation of 0.1%. The preliminary value of the University of Michigan Consumer Confidence Index in July was 61.8, slightly better than expected. The US economy remains robust. - The US core CPI in June increased by 0.2% month - on - month, slightly lower than the market estimate of 0.3%. The CPI in June only rose moderately, and both the core CPI and PPI were lower than expected. The market doubts the impact of tariffs on inflation, and the Fed may remain cautious [1]. Trading Strategy - The gold price is oscillating, with COMEX gold trading between $3250 - $3480 per ounce and the domestic Shanghai gold main contract trading between 750 - 800 yuan per gram. After reaching a high on July 14, COMEX silver has been in a correction for several days, and long - position holders are advised to continue holding [1].

Report Overview - The report is issued by Green大华 Futures Research Institute on July 14, 2025, focusing on the morning session notice of precious metals in the non - ferrous and precious metals sector [1] Industry Investment Rating - No industry investment rating is provided in the report Core View - The prices of gold and silver in the precious metals sector are in a state of oscillation. The price of COMEX gold is expected to range between 3250 - 3480 dollars per ounce, and the domestic Shanghai gold main contract is expected to operate between 750 - 800 yuan per gram. Silver has reached new highs, and after a significant and rapid increase, it may adjust at any time. It is recommended to hold long positions [1] Key Information Summary Market Performance - COMEX gold futures rose 1.34% to 3370.3 dollars per ounce, and COMEX silver futures rose 4.74% to 39.08 dollars per ounce. At night, the Shanghai gold main contract rose 0.68% to 778.42 yuan per gram, and the Shanghai silver main contract rose 2.38% to 9232 yuan per kilogram [1] ETF Holdings - As of July 11, the holdings of the world's largest gold ETF - SPDR Gold Trust decreased by 1.17 tons from the previous day to 947.64 tons. The holdings of the world's largest silver ETF - iShares Silver Trust decreased by 131.41 tons from the previous day to 14758.52 tons [1] CFTC Data - As of the week ending July 8, COMEX gold speculators reduced their net long positions by 1,855 contracts to 134,842 contracts [1] Tariff Policy - On July 12, local time, Trump announced on social media that starting from August 1, 2025, the US will impose a 30% tariff on products imported from Mexico and the EU. On July 9, the US announced a 50% tariff on copper, effective from August 1, 2025 [1] Market Logic - US fiscal deficits and tariff policies have increased inflation concerns. The US dollar index rebounded slightly on July 11 and then fluctuated narrowly horizontally. Gold prices rose on July 11, and silver prices increased significantly [1] Trading Strategy - Gold prices are oscillating, with COMEX gold operating between 3250 - 3480 dollars per ounce and the domestic Shanghai gold main contract operating between 750 - 800 yuan per gram. Silver has reached new highs, and after a significant and rapid increase, it may adjust at any time. It is recommended to hold long positions [1]

Report Summary 1. Report Industry Investment Rating No industry investment rating is provided in the report. 2. Core View - The precious metals market is expected to be volatile in the short - term. After the release of the strong US June non - farm payrolls report last Thursday, gold futures prices dropped and then rebounded, while the US dollar index jumped and then fell. Silver and gold oscillated on Friday. The outcome of tariff negotiations between the US, the EU, and other countries will impact the global economy and financial markets, and the implementation of global trade negotiations needs further observation. Investors are advised to remain on the sidelines [1]. 3. Summary by Relevant Content Market Quotes - COMEX gold futures rose 0.11% to $3346.5 per ounce, and COMEX silver futures rose 0.14% to $37.14 per ounce. During the night session, the main contract of Shanghai gold rose 0.19% to 777.00 yuan per gram, and the main contract of Shanghai silver rose 0.16% to 8931 yuan per kilogram [1]. Important Information - As of 8:32 on the 5th, the holdings of the world's largest gold ETF, SPDR Gold Trust, remained unchanged at 947.66 tons compared to the previous trading day [1]. - The US President stated that he had signed 12 trade letters and planned to send them on Monday. Bessent said that trade consultations with the EU were in progress, and major news might be announced in the next two days [1]. - The Tariff Commission of the State Council decided to impose anti - dumping duties on imported relevant brandy from the EU starting from July 5, 2025 [1]. Market Logic - The stronger - than - expected US June non - farm payrolls report on Thursday night led traders to withdraw their bets on a Fed rate cut this month, causing a plunge in gold futures prices followed by a rebound, while the US dollar index jumped and then fell. Silver and gold oscillated on Friday. The expiration of the grace period for reciprocal tariffs set by the US on July 9 and the final negotiation results of tariffs between the US, the EU, and other countries will affect the global economy and financial markets [1]. Trading Strategy - Precious metal prices are expected to continue to oscillate, and investors are advised to stay on the sidelines. COMEX gold is expected to trade between $3250 - $3480 per ounce, COMEX silver between $35.0 - $37.4 per ounce, the main contract of Shanghai gold between 750 - 800 yuan per gram, and the main contract of Shanghai silver between 8450 - 9075 yuan per kilogram [1].