午评:集运欧线跌超9% 合成橡胶跌近7%

新浪期货
09 Apr

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  早盘收盘,国内主力合约跌多涨少,集运欧线跌超9%,合成橡胶跌近7%,SC原油PXPTA跌近6%,20号胶跌超5%,沪锡、燃油跌近5%,纸浆、瓶片、液化石油气(LPG)、乙二醇(EG)跌超4%,橡胶、棉花焦煤短纤跌近4%,焦炭沥青、低硫燃料油(LU)跌超3%。涨幅方面,鸡蛋涨超2%,硅铁豆粕涨跌1%。

  预计集运价格将震荡偏弱,后续跌幅有所收敛

  美国对华对等关税将在4月9日生效,后续将出现更多针对关税方案的博弈,近端变化存不确定性,远端贸易需求整体偏弱。EC作为出口链条直接相关品种,预计仍将震荡偏弱,但近两个交易日负面情绪释放后,预计后续跌幅有所收敛。后续盘面需关注船司5月实际基本面供需结构,独立看待近远月合约,前者锚定基本面,后者计价经济衰退和贸易萎缩。策略上可考虑6-10正套表达近远月不同交易逻辑,远端合约以空配为主,10合约在贸易衰退预期放大的背景下可短期参考成本线进行定价。

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