中国期货市场半年度展望

投资咨询业务资格： 证监许可【2012】669 号 Investment consulting business qualification： SEC License [2012] No. 669 国际化统筹 Coordinator： 桂晨曦 Gui Chenxi CFA PhD Guichenxi@citicsf.com 研究员 Researcher： 刘道钰(宏观) Liu Daoyu (Macro Economy) 从业资格号 Qualification No.：F3061482 投资咨询号 Consulting No.：Z0016422 姜沁(权益策略) Jiang Qin (Euity) 从业资格号 Qualification No.：F3005640 投资咨询号 Consulting No.：Z0012407 张菁(固定收益) Zhang Jing (Fixed Income) 从业资格号 Qualification No.：F3022617 投资咨询号 Consulting No.：Z0013604 桂晨曦 (油气及制品) Gui Chenxi (Crude Oil & products) 从业资格号 Qualification No.：F3023159 投资咨询号 Consulting No.：Z0013632 胡佳鹏(化工) Hu Jiapeng (Chemicals) 从业资格号 Qualification No.：F3039655 投资咨询号 Consulting No.：Z0013196 张文(贵金属) Zhang Wen (Precious Metals) 从业资格号 Qualification No.：F3077272 投资咨询号 Consulting No.：Z0018864 沈照明(有色与新材料) Shen Zhaoming (Non-Ferrous Metals) 从业资格号 Qualification No.：F3074367 投资咨询号 Consulting No.：Z0015479 俞尘泯(黑色建材) Yu Chenmin (Ferrous Metals) 从业资格号 Qualification No.：F03093484 投资咨询号 Consulting No.：Z0017179 李青(农业) Li Qin (Agriculture) 从业资格号 Qualification No.：F3056728 投资咨询号 Consulting No.：Z0014122 重要提示：本报告非期货交易咨询业务项下服务，其中的观点和信息仅作参考之用，不构成对任何人投资建议。我司不会因为关注、收到或阅读本报告内容而视相关人员为客户；市场有风险，投资需谨慎。Important note: This report is not a service under the futures trading consulting business, and the opinions and information provided are for reference only and do not constitute investment advice to anyone. Our company will not consider relevant personnel as customers due to their attention, receipt, or reading of the content of this report; There are risks in the market, and investment needs to be cautious. 2023-07-12 中信期货研究| CITIC Futures Research 中国期货市场半年度展望 China Futures Market Semiannual Outlook 摘要 ABSTRACT 本文总结了中信期货部分重点品种 2023 半年度展望。分为宏观经济、金融期货、能源化工、工业金属、农产品五部分。详细内容可参考中信期货半年报完整版本。 This report is a summary of 2023 semiannual outlook of major Chinese Futures by CITIC Futures research institute, including economy, financial, energy, metal, agriculture products. More details are introduced in the complete series of semiannual outlook reports. 中信期货研究| CITIC Futures Research 2 / 33 目 录 摘要 ABSTRACT ....................................................................................................................................................... 1 一、宏观经济 Macro Economy ................................................................................................................................ 3 1. 中国经济 China Economy ................................................................................................................................... 3 2. 海外经济 Oversea Economy .............................................................................................................................. 4 二、金融期货 Financial Futures .............................................................................................................................. 5 1. 股指 E