1. Report Industry Investment Ratings - The investment rating for the caustic soda in the alumina industry chain is "Long" [1] - The investment rating for alumina in the alumina industry chain is "Bullish" [3] - The investment rating for aluminum in the alumina industry chain is "Oscillating Bullish" [4] 2. Core Views - For caustic soda, influenced by the easing of Sino - US tariffs, the futures price continues to rise, with good fundamentals. There may be a short - term correction after a significant increase, and a long - term bullish view is maintained, with short - term prices expected to oscillate slightly [1] - For alumina, the industry's supply - demand situation has improved, supporting the price. It is expected that the alumina price will oscillate slightly higher in the short term, and the actual production capacity changes should be monitored [3] - For aluminum, due to the improvement of international trade and domestic macro - policies and supply - demand fundamentals, the aluminum price is supported. After the release of the US April CPI data, the market sentiment may change. The continuous decline of domestic aluminum ingot inventory has raised some concerns, and the aluminum price is expected to oscillate strongly in the short term [4] 3. Summaries by Relevant Catalogs 3.1 Caustic Soda 3.1.1 Market Review - The previous trading day's futures main 2509 contract rose during the day, fell after the night - session opening, and closed at 2533 yuan/ton, up 46 yuan/ton or 1.85%. The trading volume was 70.64 million lots, a significant increase from the previous trading day; the open interest was 2.046 million lots, an increase of 23,450 lots; the trading volume was 52.676 billion yuan, a significant increase from the previous trading day [1] 3.1.2 Important Information - The weekly caustic soda operating rate was 85.39%, a 0.22% increase from the previous week - The weekly domestic caustic soda output was 829,500 tons, a 0.22% increase from the previous week - The weekly domestic factory inventory was 249,100 tons, a 1.66% decrease from the previous week - The weekly cost per hundred tons was 182.51 yuan/ton, a 0.01% decrease from the previous week; the gross profit per hundred tons was 1,189.8 yuan/ton, a 0.25% decrease from the previous week [1] 3.1.3 Market Logic - The average price of the domestic 32% liquid caustic soda market was 950.46 yuan/ton, a 3.48 - yuan or 0.37% increase from the previous statistical day. The domestic liquid caustic soda spot market transaction price continued to rise. The North China market had good transactions, supported by alumina demand orders and recent chlor - alkali enterprise maintenance, with a good supply - demand situation. Other regions had stable transactions, with low inventory pressure and active sales [1] 3.1.4 Trading Strategy - Hold low - position long orders [1] 3.2 Alumina 3.2.1 Market Review - The previous trading day's futures main 2509 contract rose in the afternoon, slightly declined at night, and closed at 2832 yuan/ton, up 17 yuan/ton or 0.60%. The trading volume was 95.49 million lots, a slight decrease from the previous trading day; the open interest was 3.842 million lots, a decrease of 1735 lots; the trading volume was 53.764 billion yuan, a slight decrease from the previous trading day [3] 3.2.2 Important Information - Last week, the domestic alumina factory inventory was 1.585 million tons, a 1.46% decrease from the previous week; the market inventory was 76,000 tons, a 52% increase from the previous week - This week, the domestic metallurgical - grade alumina output was 1.6374 million tons, a 4.6% decrease from the previous week, and the weekly operating utilization rate was 77.2%, a 7.36% decrease - The average reference production cash cost of the domestic alumina industry was 3332.86 yuan/ton, a 0.11% decrease from the previous week; the industry gross profit was - 436.59 yuan/ton, a 1.19% increase from the previous week [3] 3.2.3 Market Logic - The average price of the spot market was 2905.71 yuan/ton, an 11.68 - yuan or 0.40% increase from the previous trading day. The spot market inventory continued to decline, and the spot transaction price was at a premium to the futures price. The overall supply has not changed recently, and the industry operating rate remained at 78.25%. The spot market transactions increased recently, with prices ranging from 2900 - 2960 yuan/ton, boosting market sentiment. Overseas, the alumina market supply was tight, supporting price increases, but the domestic alumina export advantage was limited, and the import - export pattern has not changed in the short term [3] 3.2.4 Trading Strategy - Sell put options [3] 3.3 Aluminum 3.3.1 Market Review - The previous trading day's futures main 2506 contract continued to rise, jumped and then corrected at night, and closed at 19,935 yuan/ton, up 180 yuan/ton or 0.91%. The trading volume was 40.43 million lots, a significant increase from the previous trading day; the open interest was 5.492 million lots, a decrease of 22,204 lots; the trading volume was 39.866 billion yuan, a significant increase from the previous trading day [4] 3.3.2 Important Information - The weekly bauxite output was 1.124 million tons, a 1.72% increase from the previous week - The weekly electrolytic aluminum output was 84.07 tons, unchanged from the previous week - This week, the industry production cost was 16,794.64 yuan/ton, a 0.65% decrease from the previous week. The industry average gross profit was 2876.67 yuan/ton, a 7.33% decrease from the previous week - The factory inventory during the week was 55,200 tons, a 14.95% decrease from the previous week; the market inventory was 65,200 tons, a 3.13% decrease from the previous week; the LME inventory was 403,500 tons, a 0.5% decrease from the previous week; the SHFE inventory was 65,000 tons, a 1.65% decrease from the previous week - On May 9th, the LME aluminum price rose, ranging from 2399 - 2440 US dollars/ton, and closed at 2418 US dollars/ton, up 9.5 US dollars/ton or 0.39% [4] 3.3.3 Market Logic - The international trade situation has improved significantly, with the easing of Sino - US tariffs and a positive international macro - situation, boosting commodity prices, and both domestic and foreign aluminum prices have risen. Domestically, the aluminum ingot inventory has decreased again. According to the CPCA, the cumulative retail sales of new - energy passenger cars from January to April were 3.324 million units, a 35.7% increase, and new - energy vehicle consumption continues to support the rise of the aluminum price. Domestic macro - policies and supply - demand fundamentals support the aluminum price [4] 3.3.4 Trading Strategy - Sell put options [4]

联系方式：liuyang18036@greendh.com | 板块 | 品种 | 多（空） | 推荐理由 【行情复盘】 上周五国债期货主力合约开盘全线高开，早盘横向波动一段后下行，午后略有回升， 全天窄幅波动，截至收盘 30 年期国债期货主力合约 TL2506 上涨 0.02%，10 年期 | | --- | --- | --- | --- | | | | | T2506 下跌 0.01%，5 年期 TF2506 下跌 0.07%，2 年期 TS2506 下跌 0.01%。 【重要资讯】 1、公开市场：上周五央行开展了 770 亿元 7 天期逆回购操作，操作利率为 1.40%， | | | | | 当日有无逆回购到期，当日实现净投放 770 亿元。 | | | | | 2、资金市场：上周五银行间资金市场短期利率较上一交易日下行，DR001 全天加权 平均为 1.49%，上一交易日加权平均 1.53%；DR007 全天加权平均为 1.54%，上一交 | | | | | 易日加权平均 1.61%。 3、现券市场：上周五银行间国债现券收盘收益率较上一交易日窄幅波动，2 年期国 | | 宏观与金 | | TL、T、 ...

Report Industry Investment Rating - The report has a long - term bullish view on the four major stock indices and suggests investors to ignore short - term fluctuations [2] Core View - The A - share market has returned to the previous large consolidation platform, and theme trading is expected to remain active, which is in line with the Politburo's decision to continuously stabilize and activate the capital market. Long - term bullishness is maintained while short - term fluctuations are downplayed [2] Summary by Relevant Catalogs Market Review - On Friday, the main indices of the two markets showed divergent trends, with growth - style indices falling and high - dividend sectors strengthening. The total trading volume of the two markets was 1.19 trillion yuan. The CSI 1000 index closed at 6082 points, down 76 points or - 1.23%; the CSI 500 index closed at 5721 points, down 52 points or - 0.90%; the SSE 50 index closed at 2684 points, up 4 points or 0.17%; the SSE 300 index closed at 3846 points, down 6 points or - 0.17%. The top - rising industry and theme ETFs were bank ETFs, SSE 300 dividend ETFs, etc., while the top - falling ones were military - leading ETFs, etc. Among the sector indices, the top - rising ones were daily chemicals, small and medium - sized banks, etc., and the top - falling ones were storage chips, Sora concept, etc. The futures of the CSI 1000, CSI 500, SSE 50, and SSE 300 indices saw net outflows of 4, 7, 13, and 40 billion yuan respectively [1] Important Information - The central bank issued a notice to set up re - loans for service consumption and elderly care, with a quota of 500 billion yuan and an annual interest rate of 1.5%, to encourage financial institutions to support key service consumption areas and the elderly - care industry [1][2] - In April, the national CPI decreased by 0.1% year - on - year (urban remained flat, rural decreased by 0.3%) and increased by 0.1% month - on - month (urban increased by 0.2%, rural remained flat) [1] - In the industry - theme ETFs, 12 funds had net inflows of over 100 million yuan this week. The科创 chip ETF, semiconductor ETF, and artificial intelligence ETF added 609 million, 554 million, and 506 million units respectively, with net inflows of 961 million, 582 million, and 473 million yuan [1] - In the first four months of this year, China's high - tech product exports reached 1.52 trillion yuan, up 7.4%, accounting for 18.1% of the total export value. Ship and marine engineering equipment exports increased by 16.4%, industrial robot exports by 58.3%, and wind turbine generator exports by 45.5% [1] - In April, the production of new - energy passenger vehicles reached 1.151 million, up 40.3% year - on - year, and the retail sales in the new - energy passenger vehicle market were 905,000, up 33.9% year - on - year [1] - On May 8th, the Hongmeng computer with the Hongmeng operating system was officially launched in Shenzhen, marking an important breakthrough for domestic operating systems in the PC field [1] - As of May 8th, 36 enterprises announced the issuance of science and technology innovation bonds with a total issuance scale of 21 billion yuan, and 14 enterprises were applying for registration with a total registration scale of 18 billion yuan [2] - In the past four weeks, US - focused stock funds redeemed about $24.8 billion, the most in two years. In the money market, speculators pushed long - yen positions to a record high [2] - Nomura believes that Japanese investors' risk of reducing US Treasury holdings is significantly greater than that of stocks, with insurance companies being the key. The US - dollar proportion in the foreign securities investments of nine major Japanese life - insurance companies has reached a record high of 72% [2] - US listed companies' stock buy - backs will exceed $1 trillion for the first time this year. Apple bought back $25 billion and authorized an additional $100 billion in buy - backs [2] - Goldman Sachs warned that the US stock market faces a nearly 20% decline risk, and an economic recession poses a huge risk to the stock market [2] Market Logic - After the holiday, the main indices of the two markets generally moved up and entered the previous platform consolidation area. The central bank's new policy on re - loans is expected to boost relevant industries [2] Future Outlook - The high - dividend sectors strengthened on Friday, and the main indices showed divergent trends with growth - style indices adjusting. The central bank's monetary policy report shows that the price recovery rate is significantly lower than the financial aggregate growth rate. The government's price management should shift from encouraging "price - for - volume" to guiding "quality - for - profit". In April, passenger - car production and wholesale reached monthly records, and domestic retail sales had a 6% positive growth with a 14.5% growth rate and a net increase of 220,000 vehicles. China and the US held tariff negotiations in Switzerland [2] Trading Strategies - For stock index futures directional trading, the A - share market is expected to see continued active theme trading, and a long - term bullish view is taken on the four major stock indices while ignoring short - term fluctuations [2] - For stock index option trading, as the A - share market has returned to the previous large consolidation platform and short - term volatility has decreased, the recommendation of out - of - the - money long - term call options on the four major stock indices is suspended [2]

Group 1: Report Industry Investment Rating - No industry investment rating information provided Group 2: Report's Core View - The prices of ferrosilicon and silicomanganese are expected to be in a weak oscillation state, with the overall trend following the weak performance of the black - series commodities [1] - The spread between the prices of the two types of silicon is expected to widen in the short - term, and one can try to conduct long - spread arbitrage. For silicomanganese on a single - side basis, one can try to go short at high prices and set stop - losses [1] Group 3: Summary by Relevant Catalogs Market Quotes - Yesterday, the main contract of silicomanganese SM2509 closed at 5758, up 2.86% compared to the opening price; the main contract of ferrosilicon SF2506 closed at 5472, up 0.77% compared to the opening price [1] Important Information - In late April 2025, key steel enterprises produced 22.02 million tons of crude steel, with an average daily output of 2.202 million tons, a 1.2% decrease in daily output compared to the previous period; the steel inventory was 15.29 million tons, a decrease of 1.42 million tons (8.5%) compared to the previous ten - day period [1] - This week, the supply of five major steel products was 8741700 tons, a decrease of 95200 tons (1.1%) compared to the previous week; the total inventory was 14.7607 million tons, an increase of 289700 tons (2.0%); the weekly apparent consumption of the five major products was 8463700 tons, a decrease of 12.7% compared to the previous week [1] - South 32 announced the manganese ore quotation for China in June 2025. The price of South African semi - carbonate manganese ore is $3.8 per ton - degree, a decrease of $0.25 per ton - degree compared to the May price [1] Market Logic - Yesterday, the daily trading position of silicomanganese decreased by 25000 lots to 413000 lots, and the warehouse receipts decreased by 2992 to 120174. Although the spot pressure has eased, the absolute value of inventory is still high, limiting the upside space. There is a co - existence of short - position profit - taking and long - position profit - taking [1] - Fundamentally, large southern silicomanganese plants are in a state of shutdown for maintenance, but the cost of the manganese ore end is constantly declining, so the silicomanganese market is still regarded as weak. For ferrosilicon, the settlement electricity price in Ningxia decreased in April, but there is an expectation of an increase in May, and the power cost support is relatively stable. Although the number of production enterprises in the supply side for shutdown and maintenance is increasing, the pattern of loose supply and demand is difficult to change [1] Trading Strategy - Try long - spread arbitrage as the spread between the two types of silicon prices is expected to widen in the short - term. For single - side silicomanganese trading, try to go short at high prices and set stop - losses [1]

Group 1: Overall Information - The report is from Green Grand Futures Research Institute on May 8, 2025 [1] - The researcher is Li Fanglei with qualification F03104461 and trading consultation qualification Z0021311, contact number 19339940612 [1] Group 2: Sugar Market Market Review - SR509 contract closed at 5868 yuan/ton yesterday with a daily decline of 0.37%, and 5825 yuan/ton at night. SR601 contract closed at 5730 yuan/ton with a daily decline of 0.21%, and 5695 yuan/ton at night [1] - ICE raw sugar July contract closed at 17.14 cents/pound yesterday with a daily decline of 1.55%. London white sugar August contract closed at 485.3 dollars/ton with a daily decline of 1.52% [1] Important Information - As of May 5, 2025, Russia sowed 1.00985 million hectares of sugar beets [1] - Brazil's central - southern region produced 731,000 tons of sugar in the first half of April, a 1.25% increase from last year. The cane crushing volume was 16.59 million tons, a 3% year - on - year increase [1] - As of April 30, 2025, in the 2024/25 sugar season in India, there were 19 sugar mills still in production, 4 less than last year. The crushed cane was 275.857 million tons, a decrease of 35.655 million tons (11.44%) from last year, and the sugar production was 25.695 million tons, a decrease of 5.77 million tons (18.33%) [1] - In Hainan, as of the end of April in the 2024/24 sugar season, the sugar sales rate was 27.59% with an inventory of 39,900 tons [1] - Yesterday, the spot price of Guangxi white sugar was 6079 yuan/ton, down 2 yuan/ton. Guangxi Sugar Group quoted 6130 - 6260 yuan/ton with a few down 10 yuan/ton. Yunnan Sugar Group quoted 5940 - 5980 yuan/ton, down 10 yuan/ton. The mainstream quotation of processing sugar factories was 6360 - 6920 yuan/ton, adjusted by 10 - 30 yuan/ton with mixed changes [1] - The previous trading day, the Zhengzhou Commodity Exchange's white sugar warehouse receipts were 30,301, a daily increase of 1672 [1] - The previous trading day, the SR9 - 1 spread was 138 yuan, a decrease of 10 yuan from the previous day [1] Market Logic - For the external market, ICE raw sugar futures fell again and basically gave back recent gains. Overseas sugar supply is expected to be good and there is insufficient capital buying intention, so the external market may test the 17 - cent/pound support and trade in a low - level oscillation [1] - For the domestic market, Zhengzhou sugar fell slightly yesterday and opened and moved lower at night affected by the external market. There is limited domestic trading information, and the import ban on syrup and premixed powder makes the domestic and foreign sugar prices more closely linked. The key is whether the downward space of raw sugar can be opened, and the strengthening basis will also support the sugar price [1] Trading Strategy - Hold the previous long positions for now. If it breaks below 5800 yuan/ton, exit and wait for the market sentiment to subside, then look for support at 5750 yuan/ton. Hold the SR9 - 1 calendar spread long position [1] Group 3: Jujube Market Market Review - CJ509 contract closed at 9050 yuan/ton with a daily increase of 0.06% [3] Important Information - The physical inventory of 36 sample points was 10,505 tons, a 0.15% decrease from the previous period and a 52.96% increase year - on - year [3] - Yesterday, 8 trucks of jujubes arrived at Guangzhou Ruyifang, an increase of 3 from the previous day [3] - The previous trading day, the jujube warehouse receipts were 8513, an increase of 15 [3] - The previous trading day, the CJ9 - 1 spread was - 960 yuan/ton, an increase of 30 yuan from the previous day [3] Market Logic - Jujubes are in the traditional off - season, and market demand is still weak. There is limited trading information, and whether the supply side can provide upward momentum remains to be seen. In the short term, jujube futures prices lack upward drivers, and in the long - term, attention should be paid to the impact of upstream weather [3] Trading Strategy - For the CJ509 contract, consider a small - scale long position after the current negative factors are digested, waiting for the weather - related market to develop. In the short term, it is recommended to wait and see [3] Group 4: Rubber Market Market Review - As of May 7, RU2509 contract closed at 14,810 yuan/ton with a daily decline of 0.03%. NR2506 contract closed at 12,575 yuan/ton with a daily increase of 0.16%. BR2506 contract closed at 11,375 yuan/ton with a daily increase of 0.53% [4] Important Information - Thailand's raw material glue price was 59.5 Thai baht/kg, and cup rubber price was 53.55 Thai baht/kg. In Yunnan, the price of glue for producing whole milk was 13,800 yuan/ton, and for producing concentrated milk was 14,000 yuan/ton, with a price difference of 200 yuan/ton. Yunnan's rubber block price was 13,100 yuan/ton. In Hainan, the price of glue for producing whole milk was 13,100 yuan/ton, and for producing concentrated latex was 14,100 yuan/ton, with a price difference of 1000 yuan/ton [4] - As of May 4, 2025, the total inventory of natural rubber in Qingdao's bonded and general trade was 614,200 tons, a 0.9% increase from the previous period. The bonded area inventory was 85,000 tons, a 4.3% increase, and the general trade inventory was 529,200 tons, a 0.38% increase [4] - As of April 30, the capacity utilization rate of China's semi - steel tire sample enterprises was 66.69%, a decrease of 5.67 percentage points from the previous period and 12.29 percentage points lower year - on - year. The capacity utilization rate of China's full - steel tire sample enterprises was 59.54%, a decrease of 6.25 percentage points from the previous period and 11.74 percentage points higher year - on - year [4] - Yesterday, the price of whole milk was 14,700 yuan/ton, unchanged. The price of 20 - grade Thai standard rubber was 1760 dollars/ton, down 10 dollars (- 0.56%), equivalent to 12,673 yuan/ton in RMB. The price of 20 - grade Thai mixed rubber was 14,400 yuan/ton, down 50 yuan (- 0.35%) [4] - Yesterday, the basis of whole milk and the RU main contract was - 110 yuan/ton, narrowing by 5 yuan/ton. The price difference between mixed standard rubber and the RU main contract was - 410 yuan/ton, widening by 45 yuan/ton [4] - Yesterday, the price of Shandong market's Daqing cis - butadiene BR9000 was stable at 11,550 yuan/ton, and the price of Shandong market's Qilu styrene - butadiene 1502 was stable at 12,100 yuan/ton [4] - Yesterday, the domestic butadiene industry's capacity utilization rate was 69.25%, a slight decrease of 0.62 percentage points from the previous day [4] - Yesterday, the butadiene delivery price in Shandong's central region was 9300 - 9500 yuan/ton, and the ex - tank self - pick - up price in East China was about 9000 yuan/ton [4] Market Logic - Natural rubber: It strengthened slightly and then fell again yesterday, and continued to decline at night. The previous small positive news did not boost the market continuously, and the domestic macro - environment did not meet expectations, calming market sentiment. The phenological conditions of rubber plantations at home and abroad are good, and tire factory sales are still not optimistic. So the upward space of the market is limited, and the price may oscillate to find a direction [4] - Synthetic rubber: The supply of butadiene is still abundant, but demand - side support is limited and has little impact on BR rubber. The spot price of cis - butadiene rubber in Shandong remained stable, and terminal procurement is mainly for rigid demand. The weak fundamentals of BR remain unchanged, and it may continue to oscillate at a low level without new news [4] Trading Strategy - For RU, focus on the support range of 14,400 - 14,550 yuan/ton and the resistance range of 15,000 - 15,200 yuan/ton. For NR, focus on the support range of 12,000 - 12,100 yuan/ton and the resistance range of 12,800 - 13,000 yuan/ton. Given the limited drivers, high - selling and low - buying short - term operations are the main strategy. For the BR main contract, the lower support range is 10,900 - 11,000 yuan/ton, and the resistance range is 11,600 - 11,800 yuan/ton. Take a bearish attitude in the short term [4]

| 持稳市场稳预期"有关情况，并答记者问。 【市场逻辑】 | | --- | | 4 月份官方制造业采购经理指数（PMI）录得 49.0%，落入荣枯线之下，4 月新订单 | | 指数为 49.2%，前值 51.8%，4 月 PMI 新出口订单指数为 44.7，出口需求收缩明显， | | 并带动整个新订单指数回落。最新消息何副总理将赴瑞士与美财政部长会晤，但目 | | 前距离中美达成实质协议的时间尚无法预期。4 月 25 日中央政治局会议指出适时降 | | 准降息，保持流动性充裕，加力支持实体经济。持续巩固房地产市场稳定态势。持 | | 续稳定和活跃资本市场。要不断完善稳就业稳经济的政策工具箱，既定政策早出台 | | 早见效，根据形势变化及时推出增量储备政策，加强超常规逆周期调节，全力巩固 | | 经济发展和社会稳定的基本面。4 月 28 日央行副行长表示将创设新的结构性货币政 | | 策工具，围绕稳就业稳增长重点领域精准加力。周二国债期货以横向波动为主，国 | | 债期货短线或继续震荡。今天上午国新办举行的有央行官员参加的新闻发布会值得 | | 关注，如有利多消息出台，则会推动债市上涨。 | | 【交易策略】 ...

格林大华期货研究院 证监许可【2011】1288 号 2025 年 5 月 7 日星期三 Morning session notice 早盘提示 更多精彩内容请关注格林大华期货官方微信 联系方式：15000295386 | 板块 | 品种 | 多（空） | 推荐理由 【行情复盘】 昨日夜盘甲醇主力合约 2509 价格上涨 8 元/吨至 2245 元/吨，华东主流地区甲醇现 货价格下跌 23 元/吨至 2420 元/吨。多头持仓增加 23407 手至 42.2 万手，空头持仓 | | --- | --- | --- | --- | | | | | 增加 42118 手至 49.67 万手。 【重要资讯】 1、供应方面，国内甲醇开工率 89.97%，环比上涨 5.77%。海外甲醇开工率 75.67%， 环比下降 1.18%。 2、库存方面，中国甲醇港口库存总量在 53.74 万吨，环比增加 7.42 万吨。其中， | | | | | 华东地区累库，库存增加 5.44 万吨；华南地区累库，库存增加 1.98 万吨。中国甲 | | | | | 醇样本生产企业库存 28.34 万吨，较上期减少 2.65 万吨。 3、需 ...

更多精彩内容请关注格林大华期货官方微信 格林大华期货研究院 证监许可【2011】1288 号 2025 年 5 月 6 日星期二 研究员：吴志桥 从业资格：F3085283 交易咨询资格：Z0019267 Morning session notice 早盘提示 联系方式：15000295386 | 板块 | 品种 | 多（空） | 推荐理由 【行情复盘】 | | --- | --- | --- | --- | | | | 5 | 月 30 日瓶片主力合约 PR2506 的期货价格上涨 14 元至 5760 元/吨。持仓方面，主 力合约 2506 持仓量为 1.49 万手，持仓-2199 手。现货市场方面，华东市场水瓶级 瓶片价格稳定在 5720 元/吨，华南市场水瓶级瓶片价格稳定在 5820 元/吨。 【重要资讯】 | | | | | 1、供应和成本利润方面，国内聚酯瓶片产量为 35.19 万吨，较上周增加 1.46 万吨。 | | | | | 国内聚酯瓶片产能利用率周均值为 79.83%，较上周提升 3.31%；聚酯瓶片生产成本 | | | | | 5129 元，增加 0.06%；聚酯瓶片周生产毛利为-10 ...

Group 1 - As of April 30, the main futures price of urea has rapidly risen, mainly stimulated by export news [doc id='1']. - The National Development and Reform Commission is rumored to allocate an export quota of 3.5 million tons of diamine phosphate, with an export window from June to December [doc id='4']. - As of April 30, mainstream factories in Shandong have successively stopped accepting orders. For example, Dongguang has stopped receiving orders for 10,000 tons, Zhengyuan has also stopped accepting orders, and Ruixing has received 10,000 tons and then stopped [doc id='4']. - This week, the inventory of domestic urea enterprises is 1.065 million tons, a week - on - week increase of 158,800 tons [doc id='4']. - The short - term fundamental support is limited. The market is optimistic about the demand starting after the May Day holiday, and the export news has frequently disrupted the market. It is recommended to pay attention to the 9 - 1 spread and go long at low prices [doc id='4'].

Morning session notice 早盘提示 更多精彩内容请关注格林大华期货官方微信 格林大华期货研究院 证监许可【2011】1288 号 2025 年 4 月 30 日星期三 研究员：纪晓云 从业资格：F3066027 交易咨询资格：Z0011402 联系方式：010-56711796 | 板块 | 品种 | 多（空） | 推荐理由 | | --- | --- | --- | --- | | | | | 【行情复盘】 | | | | | Jm2509 合约收于 932.0，环比上一交易日收盘下跌 1.58%。J2509 合约收于 1553.0，环 | | | | | 比上一交易日收盘下跌 0.58%。昨日夜盘，Jm2509 合约收于 920.0，环比日盘收盘下跌 | | | | | 1.29%，J2509 合约收于 1542.5，环比日盘收盘下跌 0.68%。 | | | | | 【重要资讯】 | | | | | 1、美国总统特朗普 29 日签署公告，允许对进口汽车零部件、在美国组装汽车的汽车生 | | | | | 产商进行一定程度的补偿。补偿金额最高可达汽车零售价格的 3.75%，这一补偿上限在 ...