20240110-宝城期货-能化早报_4页_263kb

报告摘要

Short-term: Oszcillating with slight upward bias (daily view).
Medium-term: Oszcillating (medium-term view).
Key levels: 13600 resistance identified.
Core logic: Non-farm employment data better than expected may limit macro optimism, but overseas supply disruptions and increased imports could support prices; short-term downtrend may reverse due to potential oversold conditions.

Short-term: Oszcillating with slight upward bias (daily view).
Medium-term: Oszcillating (medium-term view).
Key levels: 12200 resistance identified.
Core logic: Crude oil price stability provides support, but increasing supply from new production capacities adds pressure; overall demand remains moderate, with regional factors like crude movements influencing trends.

Short-term: Oszcillating with downward bias (daily view).
Medium-term: Oszcillating (medium-term view).
Key levels: 2340 support identified.
Core logic: Weak coal prices and limited impact from MTO outages contribute to bearish sentiment; declining demand and high supply, including from inefficient gas-head plants, sustain downward pressure; seasonal weakness and low profitability limit recovery.

Short-term: Oszcillating with slight upward bias (daily view).
Medium-term: Oszcillating (medium-term view).
Key levels: 560 resistance identified (note: price referenced was 5537, potential discrepancy).
Core logic: Supply disruptions and geopolitical tensions in the Middle East boost support, but higher crude inventories and no immediate demand revival create oscillation; colder weather may increase heating oil demand, offsetting some volatility.

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