Stacks of US dollar banknotes bundled and stored in a metal briefcase
Reading Time: < 1 分钟

宏观策略(股指期货)
3月中国出口增速2.5%
3月中国出口回落,且难以完全用春节错位因素解释,中东局势对全球贸易供应链产生了实质性影响。但4月份中东形势的陡然好转再添变数,中期需要关注高油价对需求的影响。

宏观策略(国债期货)
央行开展了10亿元7天期逆回购操作
除非能够论证股市上涨对债市的利空消退,否则超长债难有持续上涨的行情。单边多头若有浮盈可以暂持仓观望,但追涨需谨慎。

黑色金属(螺纹钢/热轧卷板)
各地多举措降低购房成本
受中东局势影响,3月钢材出口同比回落明显。不过钢坯出口和贸易流重塑预计将逐渐缓和中东的直接影响。铁矿价格的回落带动钢价下跌,但趋势性驱动依然不明显。

宏观策略(黄金)
美国3月PPI同比4%
金价强势反弹2%,一方面是美国和伊朗可能再度开启谈判,市场风险偏好整体回升。一方面是美国3月PPI上涨幅度弱于预期,缓解了市场对美联储货币政策收紧的担忧。

农产品(豆粕)
我国3月大豆进口量为401.9万吨
CONAB月报上调巴西大豆产量预估;阿根廷大豆收割开始,优良率良好。我国3月进口大豆到港量401.9万吨,仅次于去年为自2014年以来同期次低。

有色金属(碳酸锂)
雅化集团:已获得津巴布韦6个月的锂精矿出口配额批文
策略上,推荐关注利空落地后的逢低做多机会。

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上海东证期货有限公司

上海东证期货有限公司成立于2008年,是一家经中国证券监督管理委员会批准的经营期货业务的综合性公司。东证期货是东方证券股份有限公司全资子公司。公司主要从事商品期货经纪、金融期货经纪、期货交易咨询、资产管理、基金销售等业务,拥有上海期货交易所、大连商品交易所、郑州商品交易所、上海国际能源交易中心和广州期货交易所会员资格,是中国金融期货交易所全面结算会员。公司拥有东证润和资本管理有限公司,上海东祺投资管理有限公司和东证期货国际(新加坡)私人有限公司三家全资子公司。

自成立以来,东证期货秉承稳健经营、创新发展的宗旨,坚持以金融科技助力衍生品发展为主线,通过大数据、云计算、人工智能、区块链等金融科技手段打造研究和技术两大核心竞争力,坚持市场化、国际化、集团化发展方向,朝着建设一流衍生品服务商的目标继续前行。

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