| | 2025年4月11日 | 2025年4月4日 | 变化 | 幅度 | | --- | --- | --- | --- | --- | | 美国商业原油库存(千桶) | 442.860 | 442.345 | 515 | 0.12% | | 库欣原油库存(千桶) | 25,105 | 25,759 | -654 | -2.54% | | 美国汽油库存(千桶) | 234.019 | 235.977 | -1.958 | -0.83% | | 美国馏分油库存(千桶) | 109,231 | 111,082 | -1.851 | -1.67% | | 美国油品总库存(千桶) | 1,208,625 | 1,210,700 | -2.075 | -0.17% | | 美国战略石油储备库存(千桶) | 397.009 | 396,710 | 299 | 0.08% | | 美国炼厂开工率(%) | 86.3 | 86.7 | -0.4 | -0.46% | | 美国原油产量(千桶/日) | 13.462 | 13.458 | 4 | 0.03% | | 美国原油进口量(千桶/日) | 6.001 | 6,189 ...

Morning session notice 联系方式：19339940612 | 板块 | 品种 | 多（空） | 推荐理由 【行情复盘】 昨日 SR505 合约收盘价 6063 元/吨，日涨幅 0.05%。夜盘收于 6082 元/吨。SR509 合 约收盘价 5884 元/吨，日跌幅 0.20%，夜盘收 5913 元/吨。 【重要资讯】 1.ICE 原糖 5 月合约昨日收报 17.73 美分/磅，日涨幅 1.72%。伦白糖收 497.7 美元/ 吨，日涨幅 1.34%。 2.广西农业气象灾害风险预警：预计未来十天桂中、桂南大部蔗区甘蔗干旱灾害风 险达中风险至高风险等级。 | | --- | --- | --- | --- | | 农林畜 | 白糖 | 震荡 | 3.巴西对外贸易秘书处（Secex）公布的出口数据显示，巴西 4 月前两周出口糖和糖 蜜 63.29 万吨，较去年同期的 104.39 万吨同比减少 41.1 万吨，降幅 39.37%；日均 出口量为 7.03 万吨。 4.截至 2025 年 3 月底，全国累计产糖 1075 万吨，同比增 117 万吨；累计销糖 600 万吨，同比增 126 万吨 ...

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Report Summary Industry Investment Rating - Not provided Core View - In Q1 2025, the supply of live pigs was higher than that in 2024 but lower than the same period in 2023. The increase in pork production due to higher slaughter weights compensated for the supply shortage in terms of headcount, resulting in a slightly higher pork supply than in Q1 2023. Weight remains an important variable driving the supply side of live pigs this year and should be closely monitored [3] Summary by Relevant Catalog - **Production Data**: In Q1 2025, the output of pork, beef, and poultry increased by 1.2%, 2.7%, and 5.1% respectively, while mutton output decreased by 5.1%. Milk output increased by 1.7%, and egg output decreased by 0.1%. The total output of pork, beef, mutton, and poultry was 25.4 million tons, a year-on-year increase of 2.0% [3] - **Inventory and Slaughter Data**: At the end of Q1 2025, the inventory of live pigs was 417.31 million heads, a year-on-year increase of 2.2%. In Q1 2025, the number of slaughtered live pigs was 194.76 million heads, a year-on-year increase of 0.1% [3] - **Output Calculation**: Based on the pork output of 15.83 million tons in Q1 2024, the pork output in Q1 2025 was estimated to be about 16.02 million tons, a year-on-year increase of 1.2% and an increase of 0.75% compared to Q1 2023 [3]

市场快讯---传言澳菜籽采购 双粕承压走低 2025年4月16日 研究员：刘锦 从业资格 F0276812 交易咨询：Z0011862 联系电话13633849418 格林大华 期货研究院 证监许可【2011】1288号 免责声明：本报告中的信息均来源于公开资料，我公司对这些信息的辉解仪及完整任不作任何紧征。不保证报告信息已收最新交更，也不保证分析的做出的任何建派不会发生任任何交更，在任何情况下，招告申的信息或称志战的意见于承担负较 影影品和买卖知出的动物；在任何情况下，我公司使放器中的各网内容对任何投影院出任何民放担保。投资者放发资、没透风险自我承担。我公司可能发出与本股告费了一致的真做报告，本把轰浪分析师本人的意见与党论，并 代表我公司的立场。未经我公司同意，任何人不得对本报告进行任何形式的发布、复制或对本报告进行有悼原意的删节和修改。 | M 菜籽柏2509 RM509 | +3.51% | 24 | 71 | 2618 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2617 | 3 ...

研究员：刘锦 从业资格 F0276812 交易咨询：Z0011862 联系电话13633849418 格林大华 期货研究院 证监许可【2011】1288号 免责声明，本报告中的信息均采源于公开资料，我公司对这些信息的审批发完整任不作任何保证、不保证指信息已收录新交来，也不保证分析师划出所经理议员会发生组刊交费，在任何情况下，很告中的信息或所定比较息见子不动诉放 部铁&科买卖好出你动物》在任何情况下，我却不得就是一切任何内容的任何投诉做出任何完就的担保。很遗老批战致、改变网络自我熬，我公司很发出与本投音意见不一致的热忱摇，本社会反映分析体内的意见与赏欲，不 代表我公司的立场。未经我公司同意，任何人不得对本报告进行任何形式的发布、复制或对本报告进行有悖原意的删节和修改。 格林大华期货有限公司 GELIN DAHUA FUTURES CO., LTD. 2021年-2024年以来，澳大利 亚油菜籽产量在2022年达到 840万吨，其他几年维持在600 万吨上下 2021-2022年以来，澳大利亚 油菜籽出口量在500万吨-600 万吨之间。 澳大利亚国内油菜籽消耗自 2022年以来大量减少，主要用 中 市场快讯-- ...

期货研究院 格林大华期货研究院专题报告 宏观经济 2025年4月16日 | 研究员： 刘洋 | | | --- | --- | | 从业资格证号：F3063825 | | | 交易咨询证号：Z0016580 | | | 联系方式： | liuyang18036@greendh. | | com | | 证监许可【2011】1288号 成文时间：2025年4月16日星期三 更多精彩内容请关注格林大华期货官方微信 首季开门红 二季迎挑战 摘要 格林大华期货交易咨询业务资格： 一季度中国GDP同比增长5.4%，市场预期5.2%，去年四季度GD P同比增长5.4%。从环比看，今年一季度环比增长1.2%，延续了去年 三季度以来较好的环比增长，实现了开门红。1-3月份，全国固定资 产投资同比增长4.2%，市场预期4.0%，1-2月份为4.1%。分类来看， 1-3月广义基建投资（含电力）同比增长11.5%，市场预期增长7.2% ，1-2月增长9.95%。1-3月制造业投资同比增长9.1%，市场预期增长 8.9%，1-2月增长9.0%。1-3月份，全国房地产开发投资同比下降9. 9%，市场预期下降10.2%，1-2月下降9. ...

Report Summary 1. Report Industry Investment Rating - The report gives a "slightly long" rating for Treasury bonds in the macro and financial sector [1] 2. Core View of the Report - Treasury bond futures fluctuated slightly on Tuesday, and may continue to fluctuate in the short - term. The market is affected by factors such as monetary policy expectations, economic data, and government's promotion of consumption and domestic demand [1] 3. Summary by Relevant Catalogs 3.1 Market Review - On Tuesday, the main contracts of Treasury bond futures opened slightly higher or flat. After a small rise in the morning, they fell back, and fluctuated narrowly horizontally in the afternoon. As of the close, the 30 - year Treasury bond futures main contract TL2506 fell 0.03%, the 10 - year T2506 fell 0.02%, the 5 - year TF2506 fell 0.04%, and the 2 - year TS2506 fell 0.04% [1] 3.2 Important Information - **Open Market**: On Tuesday, the central bank conducted 164.5 billion yuan of 7 - day reverse repurchase operations. With 167.4 billion yuan of reverse repurchase and 100 billion yuan of MLF maturing on the same day, the net withdrawal was 102.9 billion yuan [1] - **Funds Market**: On Tuesday, the overnight interest rate in the inter - bank funds market rose slightly compared with the previous trading day. The weighted average of DR001 was 1.70% throughout the day (1.65% the previous trading day), and the weighted average of DR007 was 1.71% (1.70% the previous trading day) [1] - **Cash Bond Market**: On Tuesday, the closing yields of inter - bank Treasury bonds fluctuated narrowly compared with the previous trading day. The 2 - year Treasury bond yield rose 0.99 BP to 1.42%, the 5 - year fell 0.28 BP to 1.50%, the 10 - year fell 0.01 BP to 1.66%, and the 30 - year remained flat at 1.86% [1] - **Policy Signal**: On April 15, Premier Li conducted research in Beijing, stating that greater efforts should be made to promote consumption, expand domestic demand, and strengthen the domestic cycle. A special action to boost consumption should be implemented, and more efforts should be made in stabilizing employment, increasing income, and strengthening security to enhance consumption ability and willingness [1] 3.3 Market Logic - On April 7, People's Daily pointed out that there is sufficient room for adjustment of monetary policy tools such as reserve requirement ratio cuts and interest rate cuts. On April 9, Premier Li said that more proactive and effective macro - policies should be implemented. In March, China's CPI and PPI both fell 0.4% month - on - month, increasing the downward pressure on domestic inflation. The new social financing and credit data in March were better than expected, and the export data in March were also better than expected. The Wande A - share index fluctuated narrowly on Tuesday, and Treasury bond futures fluctuated slightly [1] 3.4 Trading Strategy - Traders are advised to conduct band operations [3]

经我公司同意,任何人不得对本报告进行任何形式的发布、复制或对本报告进行有悖原意的删节和修改, 煤焦数据快讯-2025年3月原煤产量数据 4月16日 2020-2025年中国原煤月度产量(亿吨) 2020-2024年中国原煤月度累计产量(亿吨) 9.00 47.6 50. 0 7.7 8. 00 45.0 40. 0 7.00 35.0 6.00 30. 0 5.00 4.4 25.0 4. 00 20.0 3.00 15.0 2. 00 10. 0 1. 00 5.0 0. 00 0.0 3月 7月 4月 5月 6月 8月 9月 10月 11月 12月 1-2月 =2021年 ■2022年 ■2023年 ■2024年 ■2025年 2020年 12025年 2020年 2021年 ■2022年 据国家统计局数据显示，3月我国原媒生产增速加快。3月份，规上工业原煤产量4.4亿吨，同比增长9.6%。增速比1-2月份加快1.9个百分点， H均产量142 万吨。1-3月份,规上工业原煤产量12.0亿吨,同比增长8.1%。 格林大华0351团队点评:正如我们在年报中强调的,国内媒企在2025年一季度会普遍争取开门红,产 ...

早盘提示 Morning session notice | 板块 | 品种 | 多（空） | 推荐理由 | | --- | --- | --- | --- | | | | | 【行情复盘】 周二两市主要指数窄幅震荡，属于正常的技术整理，银行板块涨幅居前。两市成交 | | | | 额 | 1.07 万亿元，成交额继续减少，显示抛盘趋于衰竭。中证 1000 指数收 5914 点， | | | | 跌 | 24 点，跌幅-0.41%；中证 500 指数收 5602 点，跌 24 点，跌幅-0.44%；沪深 300 | | | | | 指数收 3761 点，涨 2 点，涨幅 0.02%；上证 50 指数收 2634 点，涨 6 点，涨幅 0.24%。 | | | | | 行业与主题 ETF 中涨幅居前的是银行 ETF、中药 ETF、红利低波动 ETF、金融 ETF、 | | | | | 游戏 ETF，跌幅居前的是国防 ETF、高端装备 ETF、军工 ETF。两市板块指数中涨幅 | | | | | 居前的是日用化工、网红经济、银行、纺织服饰、家用电器指数，跌幅居前的是种 | | | | | 业、EDA 概念、水产品、旅 ...