Report Industry Investment Rating No relevant information provided. Core Views - Copper prices are mainly driven by the tight supply - demand situation caused by cross - regional flow due to the copper tariff, and future price fluctuations will be affected by the Fed's interest - rate cut expectations [10]. - For crude oil, with the easing of Middle - East geopolitical risks and seasonal factors, the supply - demand situation has improved marginally. It is recommended to cautiously buy bearish options [11][12]. - For asphalt, as it enters the peak season, it is recommended to buy the 09 - 12 spread at low prices while operating cautiously [13]. - PP, plastic, and PVC are all expected to be in a low - level oscillation pattern due to factors such as high inventory, weak demand, and falling crude oil prices [15][16][18]. - The upward momentum of soybean oil has weakened, and it is expected to maintain a range - bound oscillation [19]. - For rebar, if the production - restriction rumors continue to ferment or materialize, there is still room for an upward movement, but the risk of a pull - back due to rumor falsification should be watched out for [21]. - For hot - rolled coils, if production restrictions are intensified and demand does not weaken significantly, it may maintain a strong oscillation pattern; otherwise, weak demand may limit its upward space [22]. - For coking coal, although there is a tight supply expectation, the upward space is limited due to weak demand [24]. - For urea, it is mainly in a consolidation phase and still faces downward pressure [25][26]. Summary by Variety Carbonate Lithium - The average price of battery - grade and industrial - grade carbonate lithium has increased. The supply side shows that upstream prices are firm, and the production cost and output of domestic carbonate lithium are rising. The demand side indicates that downstream acceptance of high prices is low, and the overall production capacity is loose. The upward trend is mainly due to market sentiment, and the upward space is limited [3]. Soybean Meal - The main 09 contract of soybean meal closed down 0.57%. Internationally, the new US tax bill may benefit US soybean growers, and the soybean good - to - excellent rate is lower than expected. Domestically, the inventory of imported soybeans and soybean meal has increased. It is expected to show an oscillatory adjustment pattern [4][5]. Copper - The Shanghai copper market showed a strong trend. The US manufacturing PMI has been in contraction for four months. The supply of copper is still increasing, and the inventory in most regions is decreasing. The export demand has increased due to the copper tariff event, but the overall demand is weak. The main logic for the price increase is the tight supply expectation caused by cross - regional flow [9][10]. Crude Oil - After the US military's intervention in Iran, the subsequent retaliatory actions and cease - fire have affected market sentiment. The supply - demand situation has improved marginally, but the Middle - East geopolitical risks still need to be monitored. It is recommended to cautiously buy bearish options [11][12]. Asphalt - The supply side shows that the start - up rate has rebounded, and the expected output in July has increased. The demand side indicates that the start - up rate of downstream industries has fluctuated, and the inventory is at a low level. With the easing of geopolitical risks, it is recommended to operate cautiously and buy the 09 - 12 spread at low prices [13]. PP - The downstream start - up rate has decreased, and the enterprise start - up rate has increased. The inventory pressure is high. With the sharp drop in crude oil prices, it is expected to be in a low - level oscillation [14][15]. Plastic - The start - up rate has decreased, and the downstream start - up rate is at a low level. The inventory pressure is high. With the sharp drop in crude oil prices, it is expected to be in a low - level oscillation [16]. PVC - The start - up rate has decreased, and the downstream start - up rate is low. The export is restricted, and the inventory is high. With the sharp drop in crude oil prices, it is recommended to short at high prices [17][18]. Soybean Oil - The main 09 contract of soybean oil closed up 0.63%. Internationally, the US soybean planting area is slightly lower than expected, and the quarterly inventory is higher. Domestically, the oil - mill start - up rate has increased, and the inventory has accumulated. It is expected to maintain a range - bound oscillation [19]. Rebar - The main contract showed a trend of "bottom - fishing and upward movement". The supply contraction expectation has increased due to production - restriction rumors, but the demand is weak. The raw material prices have rebounded. If the rumors materialize, there is upward space, but there is also a risk of a pull - back [20][21]. Hot - Rolled Coils - The main contract showed an "oscillatory upward and breakthrough" pattern. The supply - demand structure is characterized by "continued inventory reduction and rigid - demand support". The production has slightly increased, the inventory pressure is small, and the demand has improved. It is recommended to focus on production - restriction implementation and policy trends [22]. Coking Coal - The price closed up more than 3%. The supply side is expected to contract due to safety inspections and capacity - clearance expectations. The demand side is relatively weak. The upward space is limited due to weak demand [24]. Urea - The futures price showed a strong oscillation. The supply side has both maintenance and resumption of production, and the daily output fluctuates slightly. The demand side is weak, and the inventory is mainly reduced through exports. It is mainly in a consolidation phase and faces downward pressure [25][26].

热点资讯 1、中央财经委员会召开第六次会议，研究纵深推进全国统一大市场建设、海洋经济高质量发展等问题。会议强调，要依法依规 治理企业低价无序竞争，规范政府采购和招标投标、招商引资，着力推动内外贸一体化发展，持续开展规范涉企执法专项行 动，健全有利于市场统一的财税体制、统计核算制度和信用体系。要加强顶层设计，加大政策支持力度，鼓励引导社会资本积 极参与发展海洋经济。 2、6月财新中国制造业PMI录得50.4，高于5月2.1个百分点，与4月持平，重回临界点以上。新订单指数反弹至略高于临界点水 平。生产指数亦重回扩张区间，创近七个月来新高。 早盘速递 2025/7/2 板块持仓 (300,000) (200,000) (100,000) 0 100,000 200,000 300,000 400,000 500,000 600,000 Wind农副产品 Wind谷物 Wind化工 Wind能源 Wind煤焦钢矿 Wind有色 Wind商品综合 Wind软商品 Wind油脂油料 Wind贵金属 Wind非金属建材 近五日商品期货板块持仓变动（手） 2025-07-01 2025-06-30 2025-06-27 20 ...

Report Investment Rating The document does not mention the industry investment rating. Core Viewpoints The report provides a comprehensive overview of the overnight market trends, important macro - economic news, and developments in various financial sectors including futures, stocks, bonds, and foreign exchange. It also presents data on different industries such as manufacturing, real estate, and energy, along with policy updates and market expectations. Summary by Category Overnight Market Trends - International precious metal futures generally rose, with COMEX gold futures up 1.28% at $3349.90 per ounce and COMEX silver futures up 0.20% at $36.25 per ounce [2][46] - International oil prices strengthened slightly, with the US oil main contract up 0.65% at $65.53 per barrel and Brent crude main contract up 0.69% at $67.20 per barrel [3][46] - Most London base metals declined, except LME copper which rose 0.75% to $9943.00 per ton [4][46] - Most CBOT agricultural product futures rose, with wheat up 2.14% and soybeans up 0.05%, while corn fell 0.86% [4] - Domestic futures were mixed, with caustic soda up over 2% and rebar up nearly 1%, while sugar, PX, and PTA fell over 1% [4] Macro - economic News - Trump's trade officials are seeking smaller - scale trade deals to avoid tariff re - imposition [6] - The Caixin China Manufacturing PMI in June was 50.4, up 2.1 points from May and back above the critical point [6] - China will promote the construction of a unified national market and address low - price disorderly competition [6] - China's heavy - truck sales in June were about 92,000, up 4% from May and 29% from last year [6] - Trump doubts a trade deal with Japan by July 9 [7] - Fed Chair Powell leaves the door open for July rate - cut decision [7][15][37] Energy and Chemical Futures - Domestic airlines will raise fuel surcharges from July 5 [10] - China raised domestic gasoline and diesel prices on July 1 [10][30] - Some domestic photovoltaic glass manufacturers plan to cut production in July [10] Metal Futures - China's electrolytic copper production in June decreased 0.3% month - on - month but increased 12.93% year - on - year, and is expected to rise in July [12] - HSBC raised its 2026 gold price forecast to $3125 per ounce [13] Black - series Futures - China's 47 - port imported iron ore inventory decreased by 28.74 tons on July 1 compared to the previous Monday [17] - Australian and Brazilian major port iron ore inventory decreased slightly in late June [17] Agricultural Product Futures - China's major oil mills' soybean crushing and bean - meal output are expected to remain high in July, and bean - meal inventory may rise [19] - Malaysia's palm oil production decreased in June [19] - China's national soybean, corn, and palm oil export and production forecasts are updated [22] - ICE raw sugar July contract delivery volume was the lowest since 2014 [23] - US soybean crushing and soybean oil production increased in May [23] Financial Markets Stocks - A - shares showed a mixed trend on Tuesday, with the Shanghai Composite Index up 0.39% [25] - Hong Kong stocks were closed on Tuesday [26] - Northeast Securities' gold - stock portfolio led with a 45.45% return in H1 [27] - IPO acceptance reached a peak in June, with the Beijing Stock Exchange leading [28] - Heyuan Biotech's IPO application was approved on the Science and Technology Innovation Board [28] - Analysts are optimistic about A - shares' medium - to - long - term prospects and the continuation of the Hong Kong IPO boom [29] International Stocks - US stocks closed mixed, with the Dow up 0.91% and the S&P 500 down 0.11% [43] - European stocks also closed mixed, with the German DAX down 0.99% and the UK FTSE 100 up 0.28% [43] - The S&P 500 is expected to rise in July but may weaken in August [45] - Hedge funds made large net purchases of US bank stocks last week [45] Bonds - Local government bond issuance increased by about 57.2% in H1 compared to the same period in 2024 [48] - The domestic bond market was generally positive, with most yields of major interest - rate bonds in the inter - bank market falling [49] - US Treasury yields mostly rose, affected by employment and manufacturing data [49] - Japan's 10 - year government bond auction was relatively strong [50] Foreign Exchange - The on - shore RMB against the US dollar rose on Tuesday [51] - The euro - dollar exchange rate is a concern for policymakers if it breaks above 1.2 [51] - The US dollar index fell 0.13% on Tuesday [53] Industry News - New energy vehicle sales in June showed a mixed performance, with some brands hitting new highs and others declining [32] - China's National Healthcare Security Administration is adjusting the medical insurance drug catalog and supporting innovative drugs [32] - China's film box office and attendance increased in H1 2025 [33] - Real estate investment by top 100 developers increased in H1, and Beijing's second - hand housing transactions rose [33][34] - Shanghai will subsidize the replacement of old electric bicycles [35] International News - Trump is tough on trade negotiations with Japan and the EU [37] - The EU and the US are in the final stage of trade - deal negotiations [37] - Eurozone inflation reached the ECB's target in June, and the ECB may slow down rate - cuts [37][39] - US manufacturing PMI improved but remained in contraction in June [38] - US job openings increased in May [39] - South Korea may tax dividend income separately [41] - Argentina will appeal a court ruling on its national oil company [42]

Report Industry Investment Ratings No relevant content provided. Core Views - The copper market is affected by tariff issues and economic uncertainties, with the potential for price fluctuations. The price of copper is supported by the decline of the US dollar index [3]. - The price of coking coal is expected to be weak due to the high - production expectation on the supply side and the off - season consumption on the demand side [5]. - The price of lithium carbonate is expected to fluctuate as the market is in a loose state and the upward movement of the futures price lacks fundamental support [10]. - The geopolitical risk in the Middle East has cooled down, and the supply and demand of crude oil have improved marginally. It is recommended to cautiously operate and lightly buy put options on crude oil [11][12]. - The price of asphalt is recommended to be cautiously operated, and it is advisable to go long on the 09 - 12 spread at low prices as it is gradually entering the peak season [13]. - The price of PP is expected to oscillate at a low level due to factors such as new production capacity, slow downstream recovery, and the decline of crude oil prices [14][15]. - The price of plastic is expected to oscillate at a low level because of factors including new production capacity, the off - season of downstream demand, and the decline of crude oil prices [16]. - The price of PVC is expected to oscillate at a low level, and it is recommended to go short at high prices due to factors such as the decline of demand and the fall of coal prices [17][18]. - The price of soybean meal is expected to oscillate and adjust, and attention should be paid to the weather in US soybean - producing areas [19]. - The price of soybean oil is expected to maintain a range - bound oscillation, and attention should be paid to the weather during the growth period and the US biodiesel policy [20][21]. - The price of rebar is expected to maintain a wide - range oscillation in the short term under the suppression of weak demand [22][24]. - The price of hot - rolled coil may be under pressure if the billet export policy is restricted and the production capacity is released [25]. - The price of urea is expected to consolidate, waiting for new market drivers, with weak fundamentals and some support from export and the end of summer fertilizer sales [26][27]. Summary by Variety Copper - **Market trend**: Opened low and closed high with a late - session rally [3]. - **Fundamentals**: The supply is still increasing, the global copper inventory is being depleted at different speeds, and the demand is weak except for low - price purchases. The tariff issue may cause price fluctuations, and the decline of the US dollar index supports the price [3]. Coking Coal - **Market trend**: Opened low, fluctuated under pressure, and closed down more than 3% [5]. - **Fundamentals**: The supply has decreased slightly, the demand from coke enterprises is low, and the terminal consumption is in the off - season. The price is expected to be weak [5]. Lithium Carbonate - **Market trend**: Opened high, closed low, and rallied at the end [10]. - **Fundamentals**: The price of spodumene is rising, the domestic production is increasing, the import is weakening, and the downstream demand is stable. The market is in a loose state, and the price is expected to fluctuate [10]. Crude Oil - **Market trend**: Affected by geopolitical events [11]. - **Fundamentals**: The geopolitical risk in the Middle East has cooled down, the supply and demand have improved marginally, and attention should be paid to the OPEC + meeting. It is recommended to cautiously operate [11][12]. Asphalt - **Market trend**: Followed the decline of crude oil [13]. - **Fundamentals**: The supply is increasing, the downstream demand is restricted, and the basis has strengthened. It is recommended to go long on the 09 - 12 spread at low prices [13]. PP - **Market trend**: Expected to oscillate at a low level [14][15]. - **Fundamentals**: The downstream start - up rate has decreased, the supply has new production capacity and some maintenance, the inventory pressure is high, and the price of crude oil has declined [14][15]. Plastic - **Market trend**: Expected to oscillate at a low level [16]. - **Fundamentals**: The start - up rate has increased, the downstream demand is in the off - season, the inventory pressure is high, and the price of crude oil has declined [16]. PVC - **Market trend**: Expected to oscillate at a low level [17][18]. - **Fundamentals**: The supply start - up rate has decreased, the downstream demand is weak, the inventory is high, and the price of coal has declined. It is recommended to go short at high prices [17][18]. Soybean Meal - **Market trend**: Oscillated slightly with a 0.10% increase [19]. - **Fundamentals**: The US soybean data is neutral to slightly bearish, the domestic oil - mill start - up rate is high, the inventory is increasing, and the price is expected to oscillate and adjust [19]. Soybean Oil - **Market trend**: Oscillated with a 0.03% decrease [20][21]. - **Fundamentals**: The US soybean data has limited impact, the domestic oil - mill start - up rate is high, and the supply is strong while the demand is weak. The price is expected to maintain a range - bound oscillation [20][21]. Rebar - **Market trend**: Rose first and then fell [22]. - **Fundamentals**: The supply has increased, the inventory depletion has slowed down, the demand is in the off - season, and the cost support is weakening. The price is expected to oscillate widely in the short term [22][24]. Hot - Rolled Coil - **Market trend**: Rose slightly after facing resistance [25]. - **Fundamentals**: The supply is expected to increase, the downstream demand is weak, the cost support is weakening, and the export sustainability is questionable. The price may be under pressure [25]. Urea - **Market trend**: Opened low, was under pressure during the session, and rallied at the end to turn positive [26]. - **Fundamentals**: The supply has little change, the demand is weakening, the inventory is being depleted due to export, and the price is expected to consolidate [26][27].

Report Summary 1) Report Industry Investment Rating No investment rating information is provided in the report. 2) Core View of the Report The urea market has weak domestic demand, with downstream purchasing sentiment lacking and upstream factory quotes mostly stable or declining. The supply side has ongoing maintenance and restarts, with little fluctuation in daily production. Exports to ports are relieving upstream pressure, and enterprise inventories are expected to continue to decline. The demand side shows reduced agricultural purchasing willingness and decreased purchases by suppliers and compound fertilizer factories. Although the inventory has decreased this period due to port inspections and exports, the overall market is expected to be mainly in a consolidation phase, waiting for new market drivers [1]. 3) Summary by Relevant Catalogs Strategy Analysis - The urea futures market opened low and moved lower during the day, with pressure, but rebounded at the end of the session. The fundamental situation is weakly stable, with support from the end of summer fertilizer sales and export shipments, but weakening downstream demand restricts upward movement. The market is expected to consolidate [1]. Futures and Spot Market - Futures: The main urea 2509 contract opened at 1707 yuan/ton, closed at 1721 yuan/ton, up 0.35%. The trading volume was 238,027 lots, an increase of 14,327 lots. Among the top 20 positions, long positions increased by 10,790 lots and short positions increased by 8,663 lots [2]. - Spot: Domestic demand is weak, downstream purchasing sentiment is low, and upstream factory quotes are mostly stable or declining. The mainstream ex - factory price of small - particle urea in Shandong, Henan, and Hebei is in the range of 1720 - 1750 yuan/ton [5]. Warehouse Receipts - On July 1, 2025, the number of urea warehouse receipts was 500, unchanged from the previous trading day [3]. Fundamental Tracking - Basis: The mainstream spot market quotes declined, and the futures closing price increased. Based on Shandong, the basis for the September contract was 59 yuan/ton, a decrease of 9 yuan/ton compared to the previous day [8]. - Supply: On July 1, 2025, the national daily urea production was 196,000 tons, unchanged from the previous day, with an operating rate of 83.74% [10].

【冠通研究】 易涨难跌 制作日期：2025 年 7 月 1 日 【策略分析】 今日沪铜低开高走尾盘拉涨。中国 6 月官方制造业 PMI 连升两月至 49.7，新订单指 数回升至扩张区 16040 间，非制造业延续扩张。特朗普的高级贸易官员正在缩减与外国 达成全面对等协议的雄心，寻求达成范围更小的协议，以避免美国重新征收关税。伊朗 驻联合国大使强势表态：铀浓缩是伊朗不可剥夺的权利，永远不会停止！基本面来看， 供给端，截至 2025 年 6 月 30 日，现货粗炼费为-43.56 美元/干吨，现货精炼费为-4.35 美分/磅。目前铜冶炼端偏紧预期暂时只反映在数据上，铜供应量依然在走强；库存端全 球铜库存去化，其中套利驱使下，伦铜大幅去化，美铜依然在快速累库，国内目前铜去 化幅度较缓，主要系逢低拿货为主。需求端，截至截至 2025 年 5 月，电解铜表观消费 136.35 万吨，相比上月涨跌+8.08 万吨，涨跌幅+6.30%。受铜关税事件影响，铜出口需 求增加，带动表观消费量的提振。全球经济不确定性的影响下，终端市场相对疲软，下 游也多以逢低拿货及刚需补货为主，6 月系消费淡季阶段，终端家电排产减少，高温下 房地 ...

地址 ：北 京市 朝阳 区朝阳 门外 大街 甲 6 号万 通中 心 D 座 20 层 （100020） 资讯早间报 制作日期： 2025/07/01 隔夜夜盘市场走势 1. 国际油价全线下跌，美油主力合约收跌 0.84%，报 64.97 美元/桶；布伦特 原油主力合约跌 0.25%，报 66.63 美元/桶。 2. 国际贵金属期货收盘涨跌不一，COMEX 黄金期货涨 0.83%报 3315.00 美元/盎 司，COMEX 白银期货跌 0.11%报 36.33 美元/盎司。 3. 伦敦基本金属多数下跌，LME 期锌跌 1.37%报 2741.00 美元/吨，LME 期镍跌 0.79%报 15125.00 美元/吨，LME 期铜持平报 9878.00 美元/吨。 4. 芝加哥期货交易所（CBOT）农产品期货主力合约收盘多数下跌，大豆期货涨 0.27%报 1027.50 美分/蒲式耳，玉米期货跌 0.61%报 409.00 美分/蒲式耳，小 麦期货跌 0.60%报 537.50 美分/蒲式耳。 5. 国内期货主力合约有涨有跌。纯碱、玻璃跌超 2%，焦煤、烧碱跌近 2%，聚 氯乙烯（PVC）跌超 1%。涨幅方面，短纤 ...

Report Industry Investment Rating No relevant content provided. Core Views - The report analyzes multiple futures varieties, including expectations of an oscillating adjustment for soybean meal futures, a decline in Middle - East geopolitical risks for crude oil with a suggestion to cautiously buy bearish options, and a slow rise in copper prices with opportunities to go long at low prices. It also provides trend analyses and operation suggestions for other varieties such as asphalt, PP, and more [3][5][10]. Summary by Variety Soybean Meal - The 09 - contract of soybean meal opened higher and oscillated narrowly, closing with a 0.78% increase. In the US, the proportion of soybean crops in drought - affected areas decreased, and favorable weather is expected. In China, the soybean crushing volume reached a record high last week, and the expected volume this week remains high. The market is supported by increased import costs but has limited upward momentum, likely to oscillate [3]. Crude Oil - After the US military's intervention and subsequent cease - fire between Iran and Israel, Middle - East geopolitical risks have significantly decreased, alleviating concerns about supply disruptions. The market is awaiting the OPEC+ meeting on July 6. With seasonal demand and supply - demand improvements, it is recommended to cautiously buy bearish options [5]. Copper - The copper market is currently oscillating strongly. Fed rate - cut uncertainty supports non - ferrous metals. China's copper production is high but may decline later. Demand has weakened marginally but remains resilient. Global inventories are decreasing, and copper prices are expected to rise slowly in oscillations [10]. Carbonate Lithium - Carbonate lithium opened high, oscillated, and closed lower. Supply is sufficient, and the price is approaching the cost line. Downstream demand is mainly for essential needs, and the market is expected to oscillate weakly [12]. Asphalt - The asphalt supply is increasing, and downstream demand is mixed. The Middle - East geopolitical risk has decreased, and the price has fallen. The basis has strengthened. It is recommended to go long on the 09 - 12 spread at low prices [13][15]. PP - PP downstream and enterprise operating rates are low. New capacity has been added, and inventory pressure is high. With the decline in Middle - East geopolitical risks and crude oil prices, it is expected to oscillate at a low level [16]. Plastic - Plastic operating rates have increased, but downstream demand is weak. New capacity has been added, and inventory pressure remains. With the decline in Middle - East geopolitical risks and crude oil prices, it is expected to oscillate at a low level [17][18]. PVC - PVC supply and demand are both weak. Inventory is high, and the market is affected by factors such as the Indian policy and coal prices. It is expected to oscillate at a low level [19]. Soybean Oil - The soybean oil 09 - contract oscillated after a slight decline. The US soybean weather is favorable, and China's soybean crushing volume is high. The market lacks external guidance and is expected to oscillate within a range [20][21]. Coking Coal - Coking coal opened high and closed low. Supply has decreased, and demand is weak. The market is expected to return to a loose state, and short - selling opportunities at high prices should be watched [22]. Rebar - Rebar prices rose slightly. Supply has decreased, and demand is seasonally weak. Macro - level expectations provide support, but continuous price increases face pressure, and it is expected to oscillate weakly [23][24]. Hot - Rolled Coil - Hot - rolled coil prices oscillated slightly higher. Supply is stable, and demand is seasonally weak but supported by macro - level expectations. It is expected to oscillate in the short term [25]. Urea - Urea opened low and closed low. Supply is stable, and demand is weak. Inventory has decreased due to port shipments. It is expected to oscillate weakly [27].

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core Viewpoints - In June 2025, China's manufacturing PMI was 49.7%, up 0.2 percentage points from the previous month, indicating continued improvement in the manufacturing boom level [2]. - The non - manufacturing business activity index was 50.5%, up 0.2 percentage points from the previous month, showing that the non - manufacturing sector generally continued to expand [3]. - The composite PMI output index was 50.7%, up 0.3 percentage points from the previous month, suggesting that the overall expansion of Chinese enterprises' production and business activities accelerated [4]. 3. Summary by Related Catalogs Manufacturing PMI - **Overall Index**: In June, the manufacturing PMI was 49.7%, up 0.2 percentage points from May. Large enterprises' PMI was 51.2% (up 0.5 percentage points), medium - sized enterprises' was 48.6% (up 1.1 percentage points), and small enterprises' was 47.3% (down 2.0 percentage points) [2]. - **Sub - indices**: Among the 5 sub - indices, the production index (51.0%, up 0.3 percentage points), new order index (50.2%, up 0.4 percentage points), and supplier delivery time index (50.2%, up 0.2 percentage points) were above the critical point. The raw material inventory index (48.0%, up 0.6 percentage points) and the employment index (47.9%, down 0.2 percentage points) were below the critical point [2]. Non - manufacturing PMI - **Overall Index**: The non - manufacturing business activity index in June was 50.5%, up 0.2 percentage points from the previous month. The construction business activity index was 52.8% (up 1.8 percentage points), and the service business activity index was 50.1% (down 0.1 percentage points) [3]. - **Industry Situation**: Industries such as postal, telecommunications, and financial services were in a high - boom range (above 55.0%), while retail, transportation, and real estate industries were below the critical point [3]. Composite PMI Output Index - In June, the composite PMI output index was 50.7%, up 0.3 percentage points from the previous month, indicating an acceleration in the overall expansion of enterprises' production and business activities [4].

早盘速递 2025/6/30 热点资讯 1、央行货币政策委员会召开二季度例会，建议加大货币政策调控强度，提高货币政策调控前瞻性、针对性、有效性，根据国内 外经济金融形势和金融市场运行情况，灵活把握政策实施的力度和节奏。会议指出，要加大存量商品房和存量土地盘活力度， 持续巩固房地产市场稳定态势。 2、国家统计局公布数据，1-5月份，全国规模以上工业企业实现利润总额2.72万亿元，同比下降1.1%，主要是受有效需求不足 、工业品价格下降及短期因素波动等多重因素影响。5月份，规模以上工业企业利润同比下降9.1%。 3、财政部公布，1-5月，国有企业营业总收入32.81万亿元，同比下降0.1%。利润总额1.65万亿元，同比下降2.8%。5月末，国 有企业资产负债率65.1%，同比上升0.2个百分点。 5、大商所发布通知，纯苯期货自7月8日（周二）起上市交易，涨跌停板幅度为上一交易日结算价的7%，新合约上市首日涨跌停 板幅度为挂牌基准价的14%；交易保证金为8%。纯苯期权自7月8日晚上21:00起上市交易。 重点关注 尿素、碳酸锂、焦煤、豆粕、原油 夜盘表现 板块表现 非金属建材, 2.61% 贵金属, 28.39% ...