广大 Hot = DP 投资咨询业务资格: 证监许可【2011】1292号 2026年3月10日 量剑云(Z0019526) 数据来源:Wind、Mysteel、SMM、彭博、广发期货研究所 免责声明：本报告中的信息均来源于被广发期货有限公司认为可靠的已公开资料，但广发期货对这些信息的准确性及完整性不作任何保证。在任何情况下,报告内容仅供参考。 报告中的信息或所表达的意见并不构成所述品种买卖的出价或询价,投资者据此投资,风险自担。 欢迎关注微信公众号 | | | | 【每日精选观点】 | | | --- | --- | --- | --- | --- | | | 品种 锡 | 合約 SN2604 | 观点 農荡偏强 | | | | 甲醇 | MA2605 | 農汤偏弱 | | | | 硅铁 | SF605 | 震荡偏强 | | | | 棕榈油 | P2605 | 短期偏强 | | | 板块 | 品种 | 主力合约 | 【全品种日评】 点评 | 操作建议 | | | | IF2603 | | 本周召开两会,政策基本符合预期,主要亮点在结 | | | 股指 | IH2603 | 股指探底回升,能源风险或缓解 | ...

1. Report's Industry Investment Ratings - Not provided in the given content 2. Core Views of the Report - The short - term negative factors for the index have been exhausted, and it has rebounded continuously. The broad - based ETFs have also clearly flowed back recently, with limited downside space. The volatility is showing signs of recovery, and the RMB exchange rate has risen significantly. Core assets are expected to rise. Before the festival, there may be capital withdrawals, and there will be short - term fluctuations [3]. - The sentiment in the bond market has recovered, but the overall market sentiment is fragile and sensitive to negative factors. In the short term, with unclear positive factors, the bond market may maintain a volatile trend [3]. - For precious metals, the market sentiment needs time to recover after the sharp fall in the gold market due to rapid capital outflows. The "irrational" upward trend of silver is expected to end, bringing volatility reduction [3]. - The steel market is in a state of production reduction and inventory reduction, and the price maintains a range - bound trend [3]. - The new energy market has different trends. For example, the industrial silicon futures have rebounded in a volatile manner, while the lithium carbonate market has seen significant adjustments due to the profit - taking of risk - averse funds before the festival [3]. 3. Summaries According to Different Categories 3.1 Futures Variety Views - **Non - ferrous Metals**: - Copper: The copper price has corrected, and the spot discount has narrowed. It is recommended to take profits on long positions when the price is high. The main contract focuses on the support level of 95,500 - 96,000 [3]. - Aluminum: The spot discount has widened to a high value this year. Long positions can take short - term profits when the price is high. The main contract operates in the range of 21,800 - 22,800, and long positions can be arranged after the price correction [3]. - Zinc: The decline in TC supports the price, and the spot performance is average. The main contract refers to the range of 22,800 - 23,800, with a low - buying strategy in the range, and the cross - market reverse arbitrage should be continued to hold [3]. - **Energy and Chemicals**: - PX: The short - term is in a high - level volatile state; the medium - term should be treated with a low - buying strategy; the long - short spread between PX2605 and PX2609 should be mainly long at low levels [3]. - PTA: The short - term is in a high - level volatile state; the medium - term should be treated with a low - buying strategy; the long - short spread between TA2605 and TA2609 should be mainly long at low levels [3]. - Methanol: Affected by geopolitical factors, the price has risen significantly. It is recommended to reduce the MTO spread of the 05 contract [3]. - **Agricultural Products**: - Corn: The upward momentum is insufficient, and the market has fallen after rising. It is in a weakly volatile state [3]. - Cotton: The supply - demand outlook is optimistic. Attention should be paid to the restocking situation of downstream enterprises. It is in a strongly volatile state [3]. - Apple: The demand is weak, and the price is falling. It is recommended to close long positions at an appropriate time [3]. 3.2 Futures Variety Operation Suggestions - **Stock Index Futures**: It is recommended to continue to hold the bull spread portfolio and match it with a small amount of short - selling near - month out - of - the - money call options for hedging [3]. - **Treasury Bond Futures**: In the short term, pay attention to the capital situation and the central bank's bond - buying situation. In the medium term, pay attention to the performance of the first - quarter economic start and the stock market trend. The unilateral strategy is to wait and see for the time being, continue to pay attention to the positive arbitrage in the spot - futures strategy, and still tend to steepen the yield curve in the curve strategy [3]. - **Precious Metal Futures**: Gold is recommended to be purchased at a low price after the Spring Festival. For silver, before the New Year's Day, it is recommended to close or lock the positions and wait for a suitable allocation window after the festival [3].