知识图强,求实奉献, 客户至上, 合作共赢 =业期现日报 投资咨询业务资格:证监许可 【2011】1292 2025年5日28日 | 锡产业期现日报 | | | | | | | --- | --- | --- | --- | --- | --- | | 投资咨询业务资格:证监许可 【2011】1292号 2025年5月28日 | | | | 寇帝斯 | Z0021810 | | 现货价格及基差 | | | | | | | 品种 | 现值 | 前值 | 涨跌 | 涨跌幅 | 单位 | | SMM 1#锡 | 264800 | 264400 | 400 | 0.15% | | | SMM 1#锡升贴水 | 700 | 700 | O | 0.00% | 元/吨 | | 长江 1#锡 | 265300 | 264900 | 400 | 0.15% | | | LME 0-3升贴水 | -135.00 | -140.00 | 5.00 | 3.57% | 美元/吨 | | 内外比价及进口盈亏 | | | | | | | 品种 | 现值 | 前值 | 涨跌 | 涨跌幅 | 单位 | | 进口盈亏 | -9335.31 ...

| 股指期货价差日报 | | | | | | | --- | --- | --- | --- | --- | --- | | 投资咨询业务资格:证监许可【2011】1292号 2025年5月28日 | | | | 叶倩宁 | Z0016628 | | 价差 | 品种 | 最新值 | 较前一日变化 | 历史1年分位数 | 全历史分位数 | | | F期现价差 | -30.20 | -1.29 | 15.50% | 12.20% | | 期现价差 | H期现价差 | -16.68 | -1.66 | 18.00% | 11.40% | | | IC期现价差 | -74.15 | 0.72 | 11.00% | 7.90% | | | IM期现价差 | -93.46 | 10.33 | 90.00% | 9.60% | | | 次月-当月 | -37.80 | 1.60 | 3.60% | 8.20% | | | 季月-崇月 | -69.20 | 0.20 | 9.00% | 14.70% | | F跨期价差 | 远月-当月 | -102.00 | 8.60 | 11.40% | 18.20% | | | 李月-次 ...

Group 1: Report Information - Report Name: All-variety Spread Daily Report [2] - Date: May 28, 2025 [2] - Data Sources: Wind, Mysteel, GF Futures Research Institute [2] Group 2: Metals and Energy Ferrous Metals - Silicon Iron (SF507): Spot price is 5452, historical quantile is 86.40%, futures price is 5698, basis rate is 4.51% [1] - Silicon Manganese (SM509): Spot price is 5820, futures price is 5616, basis rate is 3.63% [1] - Rebar (RB2510): Basis rate is 5.03% [1] - Hot Rolled Coil (HC2510): Spot price is 3111, futures price is 3182, basis rate is 2.29% [1] - Iron Ore (I2509): Spot price is 770, historical quantile is 54.90% [1] - Coke (J2509): Spot price is 1364, basis rate is 3.24%, historical quantile is 67.03% [1] - Coking Coal (JM2509): Spot price is 1020, historical quantile is 71.90% [1] Non-ferrous Metals - Copper (CU2507): Spot price is 78515, basis is 305, futures price is 78210, basis rate is 0.39%, historical quantile is 71.45% [1] - Aluminum (AL2507): Spot price is 20200, basis is 160, futures price is 20040, basis rate is 0.80%, historical quantile is 85.41% [1] - Alumina (AO2509): Spot price is 2992, basis is 266, futures price is 3258, basis rate is 8.91%, historical quantile is 86.56% [1] - Zinc (ZN2507): Spot price is 22660, basis is 330, futures price is 22330, basis rate is 1.48%, historical quantile is 87.70% [1] - Tin (SN2507): Spot price is 264800, basis is 110, futures price is 264690, basis rate is 0.04%, historical quantile is 51.04% [1] - Nickel (NI2507): Spot price is 122350, basis is 180, futures price is 122170, basis rate is 0.15%, historical quantile is 61.04% [1] - Stainless Steel (SS2507): Spot price is 13320, basis is 465, futures price is 12855, basis rate is 3.62%, historical quantile is 84.79% [1] - Lithium Carbonate (LC2507): Spot price is 62000, basis is 1080, futures price is 60920, historical quantile is 59.64% [1] - Industrial Silicon (SI2507): Spot price is 7440, basis is 1060, futures price is 8500, basis rate is 14.25%, historical quantile is 66.84% [1] Precious Metals - Gold (AU2508): Spot price is 768.5, futures price is 771.6, basis is -3.1, basis rate is -0.40%, historical quantile is 17.70% [1] - Silver (AG2508): Spot price is 8189.0, futures price is 8217.0, basis is -28.0, basis rate is -0.34%, historical quantile is 24.00% [1] Group 3: Agricultural Products - Soybean Meal (M2509): Spot price is 2840, futures price is 2966.0, basis is -126.0, basis rate is -4.25%, historical quantile is 10.00% [1] - Soybean Oil (Y2509): Spot price is 7960, futures price is 7740.0, basis is 220.0, basis rate is 2.84%, historical quantile is 28.40% [1] - Palm Oil (P2509): Spot price is 8500, futures price is 8044.0, basis is 456.0, basis rate is 5.67%, historical quantile is 68.40% [1] - Rapeseed Meal (RM509): Spot price is 2480, futures price is 2599.0, basis is -119.0, basis rate is -4.58%, historical quantile is 13.50% [1] - Rapeseed Oil (OI509): Spot price is 9600, futures price is 9444.0, basis is 156.0, basis rate is 1.65%, historical quantile is 53.10% [1] - Corn (C2507): Spot price is 2320, futures price is 2324.0, basis is -4.0, basis rate is -0.17%, historical quantile is 45.70% [1] - Corn Starch (CS2507): Spot price is 2700, futures price is 2652.0, basis is 48.0, basis rate is 1.81%, historical quantile is 21.20% [1] - Live Hogs (LH2509): Spot price is 14530, futures price is 13560.0, basis is 970.0, basis rate is 7.15%, historical quantile is 67.70% [1] - Eggs (JD2507): Spot price is 2800, futures price is 2885.0, basis is -85.0, basis rate is -2.95%, historical quantile is 24.30% [1] - Cotton (CF509): Spot price is 14485, futures price is 13330.0, basis is 1155.0, basis rate is 8.66%, historical quantile is 81.10% [1] - Sugar (SR509): Spot price is 6200, futures price is 5841.0, basis is 359.0, basis rate is 6.15%, historical quantile is 71.00% [1] - Apples (AP510): Spot price is 8600, futures price is 7582.0, basis is 1018.0, basis rate is 13.43%, historical quantile is 72.80% [1] - Red Dates (CJ509): Spot price is 8300, futures price is 8905.0, basis is -605.0, basis rate is -6.79%, historical quantile is 70.30% [1] Group 4: Energy and Chemicals - Paraxylene (PX509): Spot price is 6914.3, futures price is 6706.0, basis is 208.3, basis rate is 3.11%, historical quantile is 87.80% [1] - PTA (TA509): Spot price is 4740.0, futures price is 4880.0, basis is -140.0, basis rate is -2.95%, historical quantile is 77.70% [1] - Ethylene Glycol (EG2509): Spot price is 4387.0, futures price is 4530.0, basis is -143.0, basis rate is -3.26%, historical quantile is 93.80% [1] - Polyester Filament (PF507): Spot price is 6495.0, futures price is 6456.0, basis is 39.0, basis rate is 0.60%, historical quantile is 57.80% [1] - Styrene (EB2507): Spot price is 7825.0, futures price is 7167.0, basis is 658.0, basis rate is 9.18%, historical quantile is 93.10% [1] - Methanol (MA509): Spot price is 2237.0, futures price is 2208.0, basis is 29.0, basis rate is 1.31%, historical quantile is 55.10% [1] - Urea (UR509): Spot price is 1860.0, futures price is 1814.0, basis is 46.0, basis rate is 2.54%, historical quantile is 25.40% [1] - LLDPE (L2509): Spot price is 7225.0, futures price is 7007.0, basis is 218.0, basis rate is 3.11%, historical quantile is 73.50% [1] - PP (PP2509): Spot price is 7150.0, futures price is 6896.0, basis is 254.0, basis rate is 3.68%, historical quantile is 77.90% [1] - PVC (V2509): Spot price is 4793.0, futures price is 4700.0, basis is 93.0, basis rate is 1.94%, historical quantile is 55.60% [1] - Caustic Soda (SH209): Spot price is 2750.0, futures price is 2449.0, basis is 301.0, basis rate is 12.29%, historical quantile is 84.20% [1] - LPG (PG2507): Spot price is 4798.0, futures price is 4090.0, basis is 708.0, basis rate is 17.31%, historical quantile is 83.50% [1] - Asphalt (BU2507): Spot price is 3625.0, futures price is 3516.0, basis is 109.0, basis rate is 3.10%, historical quantile is 75.60% [1] - Butadiene Rubber (BR2507): Spot price is 12200.0, futures price is 11645.0, basis is 555.0, basis rate is 4.77%, historical quantile is 81.70% [1] - Glass (FG509): Spot price is 1064.0, futures price is 1031.0, basis is 33.0, basis rate is 3.10%, historical quantile is 74.31% [1] - Soda Ash (SA509): Spot price is 1276.0, futures price is 1231.0, basis is 45.0, basis rate is 3.53%, historical quantile is 43.57% [1] - Natural Rubber (RU2509): Spot price is 14495.0, futures price is 14400.0, basis is -95.0, basis rate is -0.66%, historical quantile is 92.29% [1] Group 5: Financial Futures - CSI 300 (IF2506): Spot price is 3809.2, futures price is 3839.4, basis is -30.2, basis rate is -0.79%, historical quantile is 12.20% [1] - SSE 50 (IH2506): Spot price is 2685.3, futures price is 2668.6, basis is -16.7, basis rate is -0.63%, historical quantile is 11.40% [1] - CSI 500 (IC2506): Spot price is 5652.1, futures price is 5578.0, basis is -74.1, basis rate is -1.33%, historical quantile is 7.90% [1] - CSI 1000 (IM2506): Spot price is 6008.5, futures price is 5915.0, basis is -93.5, basis rate is -1.58%, historical quantile is 9.60% [1] - 2-year Treasury Bond (TS2509): Spot price is 102.41, futures price is 100.21, basis is -0.10%, historical quantile is 0.9796 [1] - 5-year Treasury Bond (TF2509): Spot price is 108.73, futures price is 106.03, basis is -0.06%, historical quantile is 0.9522 [1] - 10-year Treasury Bond (T2509): Spot price is 107.41, futures price is 100.90, basis is 0.25, basis rate is 0.23%, historical quantile is 46.80% [1] - 30-year Treasury Bond (TL2509): Spot price is 135.16, futures price is 119.45, basis is 0.43, basis rate is 0.36%, historical quantile is 63.10% [1]

证监许可 【2011】1292号 Z00J9556 | 5 | | --- | | 00195 | | 期货和现货价格 | | | | | | | --- | --- | --- | --- | --- | --- | | 品种 | 5月27日 | 2 26日 | 张跌 | 涨跌幅 | 单位 | | 原木2507 | 755.0 | 775.0 | -20.0 | -2.58% | | | 原木2509 | 780.5 | 790.5 | -10.0 | -1.27% | | | 原木2511 | 788.0 | 794.5 | -6.5 | -0.82% | | | 7-9价差 | -25.5 | -15.5 | -10.0 | | | | 9-11价差 | -7.5 | -4.0 | -3.5 | | | | 7-11价差 | -33.0 | -19.5 | -13.5 | | | | 07合约基差 | -5.0 | -25.0 | 20.0 | | | | 09合约基差 | -30.5 | -40.5 | 10.0 | | | | 11合约基差 | -38.0 | -44.5 | 6.5 | | 元/立 ...

1. Report Industry Investment Ratings No investment ratings are provided in the reports. 2. Core Views Crude Oil - Overnight international oil prices rose slightly, but the market lacks strong drivers. The main logic is the dynamic game between OPEC+ production - increase expectations and Russia - sanction risks. - In the short - term, observe opportunities to short on rebounds. WTI is expected to fluctuate in the range of [59, 69], Brent in [61, 71], and SC in [440, 500]. In the medium - to - long - term, adopt a band - trading strategy. [2] Methanol - The inland methanol market has downward valuation pressure. After the spring maintenance, production has recovered, and downstream profits are divided. The port has entered a inventory - accumulation period. - Suggest to short MA09 contract on rallies. [5] LLDPE and PP - Spot prices continue to fall, and overall trading is weak. LLDPE has inventory - reduction expectations before early June, while PP will face increasing supply pressure after late May. - Short PP on rallies; the LP spread is expected to widen. [9] Urea - The urea market is expected to fluctuate between 1800 - 1900 yuan/ton around the Dragon Boat Festival. Pay attention to signals such as wheat - harvest progress in northern Anhui, port pre - collection scale, and the operating rate of Shanxi's fixed - bed plants. [19] Styrene - The pure benzene market price is weak, but there is an expected turnaround as styrene plants resume operation. - The styrene port inventory has started to accumulate, and the 3S products have limited driving force. Adopt a short - selling strategy for near - month contracts. [30] Polyester Industry - **PX**: Supply is increasing, but short - term support is strong. Consider a long - position around 6600 and a short - spread between PX9 - 1. - **PTA**: Supply - demand is weakening, but support is strong at low processing fees. Pay attention to polyester production cuts. Consider a long - position around 4600 and a short - spread between TA9 - 1. - **Ethylene Glycol**: Supply is expected to contract, and inventory is decreasing. Adopt a wait - and - see strategy for single - side trading and a long - spread strategy for EG9 - 1. - **Short - fiber**: Processing fees may recover. Follow PTA's single - side strategy and expand the processing - fee spread. - **Bottle - chip**: Supply and demand are both increasing. Follow PTA's single - side strategy and expand the processing - fee spread in the 350 - 550 yuan/ton range. [34] Chlor - alkali Industry - **Caustic Soda**: Short - term supply pressure is limited, and demand from the alumina industry is expected to increase. However, there are risks from non - aluminum demand and high valuations. Adopt a wait - and - see strategy for single - side trading and a long - spread strategy for 6 - 9 contracts. - **PVC**: The market is weak due to poor sentiment. Long - term contradictions are prominent, but short - term supply pressure is limited. Adopt a wait - and - see strategy for single - side trading and a short - selling strategy for the 09 contract above 5100. [39][40] 3. Summary by Catalog Crude Oil - **Prices and Spreads**: Brent decreased by 0.65 to 64.09 dollars/barrel (-1.00%); WTI increased by 0.35 to 61.24 dollars/barrel (0.57%); SC decreased by 3.90 to 453.50 yuan/barrel (-0.85%). [2] - **Product Prices and Spreads**: NYM RBOB increased by 0.40 to 207.55 cents/gallon (0.19%); NYM ULSD increased by 0.50 to 208.44 cents/gallon (0.24%); ICE Gasoil decreased by 3.75 to 606.00 dollars/ton (-0.62%). [2] - **Product Crack Spreads**: Most crack spreads showed small changes, with some increasing and some decreasing. [2] Methanol - **Prices and Spreads**: MA2505 decreased by 64 to 2229 yuan/ton (-2.79%); the MA2505 - 2509 spread decreased by 48 to 21 yuan/ton (-69.57%). - **Inventory**: Methanol enterprise inventory decreased by 0.2 to 33.401% (-0.52%); port inventory increased by 0.6 to 49.0 million tons (1.34%). - **Operating Rates**: The upstream domestic enterprise operating rate decreased by 1.0 to 74.51% (-1.31%); the downstream external - procurement MTO device operating rate increased by 7.9 to 83.54% (10.39%). [5] LLDPE and PP - **Prices and Spreads**: L2505 decreased by 73 to 6986 yuan/ton (-1.03%); PP2509 decreased by 33 to 6896 yuan/ton (-0.48%). - **Operating Rates**: PE device operating rate decreased by 1.43 to 78.0% (-1.80%); PP device operating rate increased by 0.28 to 76.8% (0.4%). - **Inventory**: PE enterprise inventory decreased by 2.94 to 49.8 million tons (-5.57%); PP enterprise inventory decreased by 1.12 to 59.3 million tons (-1.85%). [9] Urea - **Futures Prices**: 01, 05, and 09 contracts all showed slight decreases. - **Raw Material and Production Costs**: Most raw material prices were stable, with synthetic ammonia decreasing by 50 to 2120 yuan/ton (-2.30%). - **Supply and Demand**: Domestic urea daily production increased by 0.30 to 20.48 million tons (1.49%); factory inventory increased by 10.02 to 91.74 million tons (12.26%). [14][17][19] Styrene - **Upstream Prices**: Brent crude oil (July) decreased by 0.6 to 64.1 dollars/barrel (-1.0%); CFR Japan naphtha increased by 1.0 to 567.0 dollars/ton (0.2%). - **Spot and Futures Prices**: Styrene's East - China spot price increased by 75 to 7900 yuan/ton (1.0%); EB2506 decreased by 28 to 7313 yuan/ton (-0.4%). - **Inventory and Operating Rates**: Pure benzene port inventory increased by 0.5 to 12.8 million tons (4.1%); styrene port inventory decreased by 1.8 to 7.5 million tons (-19.0%). [27][28][30] Polyester Industry - **Raw Material Prices**: Brent crude oil (July) decreased by 0.65 to 64.09 dollars/barrel (-1.0%); CFR Japan naphtha increased by 1.0 to 567.0 dollars/ton (0.2%). - **Product Prices and Cash Flows**: POY150/48 price remained at 6990 yuan/ton; polyester bottle - chip price decreased by 81 to 5941 yuan/ton (-1.3%). - **Operating Rates**: Asian PX operating rate increased by 1.9 to 69.4% (2.8%); polyester comprehensive operating rate increased by 1.1 to 95.0% (1.2%). [34] Chlor - alkali Industry - **Spot and Futures Prices**: Shandong 32% liquid caustic soda (converted to 100%) increased by 62.5 to 2750 yuan/ton (2.3%); East - China calcium - carbide - based PVC market price decreased by 60 to 4700 yuan/ton (-1.3%). - **Supply and Demand**: Caustic soda industry operating rate increased by 1.1 to 86.9% (1.3%); PVC total operating rate decreased by 0.9 to 73.1% (-1.2%). - **Inventory**: Liquid caustic soda East - China factory inventory decreased by 0.4 to 19.1 million tons (-1.9%); PVC total social inventory decreased by 2.0 to 37.8 million tons (-4.9%). [39][40]

免责声明 本报告中的信息均来源于被广发期货有限公司认为可靠的已公开资料，但广发期货对这些信息的准确性及完整性不作任何保证。本报告反映 研究人员的不同观点、见解及分析方法，并不代表广发期货或其附属机构的立场。在任何情况下，报告内容仅供参考，报告中的信息或所表 | 粕类产业期现日报 | | | | | | | --- | --- | --- | --- | --- | --- | | 2025年5月28日 | | | 投资咨询业务资格:证监许可 [2011] 1292号 Z0015979 朱迪 | | | | 豆粕 | | | | | | | | | | 现值 前值 涨跌 | 涨跌幅 | | | 现价 | | | 江苏豆粕 2940 2940 0 | 0.00% | | | 期价 | | | M2509 2966 2950 16 | 0.54% | | | 基差 | | | M2509 -26 -10 -16 | -160.00% | | | 现货基差报价 | | | m2509-70 广东现货基差 m2509-50 - | - | | | 盘面进口榨利 | | | 美湾5月船期 - - - | - | | | ...

| ッ | | | | | | | --- | --- | --- | --- | --- | --- | | | | | | 纪元非 20013180 | | | 现货价格及主力合约基差 | | | | | | | 品种 | 5月27日 | 5月26日 | 涨跌 | 涨跌幅 | 单位 | | 华东通氧S15530工业硅 | 8500 | 8600 | -100 | -1.16% | | | 基差(通氧SI5530基准) | 890 | ୧୫୧ | 205 | 29.93% | | | 华乐SI4210工业硅 | 9250 | 9400 | -150 | -1.60% | 元/肥 | | 基差(SI4210基准) | 840 | ୧୫୧ | JES | 22.63% | | | 新疆99硅 | 7950 | 8020 | -100 | -1.24% | | | 基差(新疆) | 1140 | ‍රියිඩ් | 205 | 21.93% | | | 月间价差 | | | | | | | 合约 | 5月27日 | 5月26日 | 涨跌 | 涨跌幅 | 单位 | | 2506-2507 | -25 | -30 | ...

股指期货持仓日度跟踪 投资咨询业务资格： 广发期货研究所 电 话：020-88830760 E-Mail：zhaoliang@gf.com.cn 目录： 股指期货： IF、IH、IC、IM 数据来源：Wind 广发期货研究所整理 本报告中所有观点仅供参考，请务必阅读正文之后的免责声明。 2025 年 5 月 28 日星期三 证监许可【2011】1292 号 联系信息： 叶倩宁（投资咨询资格：Z0016628） 电话：020-88818051 邮箱：yeqianning@gf.com.cn 2025 年 5 月 28 日星期三 广发期货早评 [股指期货] | 品种 | | 主力合 约 | 总持仓点评 | 前二十席位重要变动 | | --- | --- | --- | --- | --- | | 沪深 | 300 | IF2506 | 总持仓上升 | 国君多空头各增仓超 1000 手 | | 上证 | 50 | IH2506 | 总持仓小幅上升 | 国君多头加仓 1000 手以上 | | 中证 | 500 | IC2506 | 基本持平 | 中信多头加仓逾 1000 手 | | 中证 | 1000 | IM250 ...

广发早知道-汇总版 广发期货研究所 电 话：020-88830760 E-Mail：zhaoliang@gf.com.cn 目录： 金融衍生品： 有色金属： 金融期货： 股指期货、国债期货 贵金属： 黄金、白银 集运指数 商品期货： 铜、锌、镍、不锈钢、锡、碳酸锂 黑色金属： 钢材、铁矿石、焦煤、焦炭、铁合金 农产品： 油脂、粕类、玉米、生猪、白糖、棉花、鸡蛋、花生、红枣、苹果 能源化工： 原油、PTA、乙二醇、苯乙烯、短纤、尿素、瓶片、烧碱、PVC、LLDPE、 PP 特殊商品： 橡胶、玻璃纯碱、工业硅、多晶硅 2025 年 5 月 28 日星期三 刘珂（投资咨询资格：Z0016336） 电话：020-88818026 邮箱：qhliuke@gf.com.cn 叶倩宁（投资咨询资格：Z0016628） 电话：020- 88818017 邮箱：yeqianning@gf.com.cn 周敏波（投资咨询资格：Z0010559） 电话：020-81868743 邮箱：zhoumingbo@gf.com.cn 本报告中所有观点仅供参考，请务必阅读正文之后的免责声明。 2025 年 5 月 28 日星期三 [股指期货 ...

Report Summary 1. Report Industry Investment Ratings - Not provided in the given content. 2. Core Views - The market is affected by various factors, leading to different trends in different varieties. For example, the stock index shows a pattern of stable lower - support and high upper - breakthrough pressure; the bond market is in a narrow - range shock waiting for fundamental guidance; precious metals are affected by multiple factors and show a shock or upward - potential trend; and different industrial and agricultural products have their own supply - demand and price trends [2]. 3. Summary by Variety Stock Index Futures - IF2506, IH2506, IC2506, IM2506: The index has stable lower support and high upper - breakthrough pressure. TMT is warming up, and A - shares are in a shrinking shock. It is recommended to sell put options near the previous low support level to earn the premium [2]. Bond Futures - T2506, TF2506, TS2506, TL2506: In the short - term information window period, the bond futures are in a narrow - range shock. The 10 - year Treasury bond interest rate may fluctuate in the range of 1.65% - 1.7%, and the 30 - year Treasury bond interest rate may fluctuate in the range of 1.85% - 1.95%. It is recommended to wait and see and pay attention to high - frequency economic data and capital - market dynamics [2]. Precious Metals - AU2508, AG2508: Gold may break through $3400 (795 yuan) or maintain a shock trend. Silver follows gold's fluctuations, and the resistance near the previous high of $33.5 (8300 yuan) is strengthened [2]. Shipping Index - EC2508 (European Line): Airlines are reducing prices, and the main contract is falling. It is recommended to wait and see cautiously [2]. Steel - RB2510: Industrial material demand and inventory are deteriorating. Pay attention to the decline in apparent demand. It is recommended to pay attention to the long - hot - rolled - coil and short - coke and long - hot - rolled - coil and short - coking - coal arbitrage operations [2]. Iron Ore - I2509: It is in a range - bound shock, with the range referring to 700 - 745 [2]. Coke - J2509: Mainstream steel mills are initiating the second round of coke price cuts, which are expected to be implemented on the 28th. Coke prices may still be cut. It is recommended to consider long - hot - rolled - coil and short - coke operations [2]. Coking Coal - JM2509: The market auction is cold, coal mine production and inventory are at high levels, and prices are still likely to fall. It is recommended to consider long - hot - rolled - coil and short - coking - coal operations [2]. Silicon Iron - SF507: Supply - demand is marginally improving, and costs are moving down. It is in a range - bound shock, with the range referring to 5500 - 5800. It is recommended to try shorting at high levels, with the upper pressure referring to around 5900 [2]. Copper - CU2507: There are sudden disturbances in the copper mine supply. Pay attention to the sustainability of the "strong reality". The main contract pays attention to the pressure level of 78000 - 79000 [2]. Zinc - ZN2507: Social inventory is decreasing again, and the fundamentals change little. The market is in a shock [2]. Nickel - NI2506: The market is in a narrow - range shock, with cost support and supply - demand contradictions still existing. The main contract refers to 122000 - 128000 [2]. Stainless Steel - SS2507: The main contract refers to 12600 - 13200. It is recommended to try shorting lightly in the range of 265000 - 270000 [2]. Tin - SN2506: In the medium - to - long - term, it is recommended to adopt a band - trading strategy. In the short - term, observe opportunities for shorting on rebounds [2]. Crude Oil - SC2508: The macro - situation and supply - increase expectations are in a stalemate. The market is in a shock, waiting for the implementation of OPEC's production - increase policy. The WTI fluctuates in the range of [59, 69], Brent in [61, 71], and SC in [440, 500]. It is recommended to pay attention to the INE monthly - spread rebound opportunities [2]. Urea - UR2509: Agricultural demand needs time, and under high - supply pressure, the market is looking for a bottom in a shock. The main - contract fluctuation is adjusted to around [1800, 1900] [2]. PX - PX2509: Supply - demand is marginally weakening, and oil - price support is limited. PX is under short - term pressure. Pay attention to the support at 6500 - 6600, try a light - position reverse - spread operation for PX9 - 1, and shrink the PX - SC spread when it is high [2]. PTA - TA2509: Supply - demand is marginally weakening, and oil - price support is limited. PTA is under short - term pressure. Pay attention to the support near 4600 and treat TA9 - 1 as a reverse - spread operation [2]. Short - Fiber - PF2507: The short - term driving force is weak, and the price follows the raw materials. The unilateral operation is the same as PTA, and it is mainly to expand the processing fee on the PF disk at a low level [2]. Bottle Chip - PR2507: Supply and demand are both increasing, and short - term contradictions are not prominent. The absolute price follows the cost. The unilateral operation is the same as PTA. The main - contract processing fee on the PR disk is expected to fluctuate in the range of 350 - 550 yuan/ton. Pay attention to the opportunity to expand at the lower edge of the range [2]. Ethanol - EG2509: Supply and demand are both decreasing, but MEG has a large destocking in the near - month. Pay attention to the positive - spread opportunity. Unilaterally wait and see, and go for a positive - spread operation for EG9 - 1 when the price is low [2]. Styrene - EB2507: Inventory has stopped decreasing and started to accumulate, and supply - demand is under pressure. The market is in a weak shock. It is medium - term bearish, with a resistance of 7800 for the near - month. Pay attention to the opportunity for the EB - BZ spread to widen [2]. Caustic Soda - 60952HB: The increase in the alumina purchase price drives the near - month price. Pay attention to the warehouse receipts. Unilaterally wait and see, and maintain a positive - spread operation for the near - month [2]. PVC - V2509: The medium - to - long - term contradiction still exists, and the near - end spot is weak. The market has turned down again. It is recommended to short on the medium - to - long - term on rallies, with the resistance level for 09 at around 5100 [2]. Synthetic Rubber - BR2507: The supply - demand pattern of loose remains unchanged, and BR has fallen sharply. Hold short positions [2]. LLDPE - L2509: The spot price follows the disk decline, and the transaction has deteriorated significantly. The market is in a shock [2]. PP - PP2509: Supply and demand are both weak. Pay attention to the subsequent marginal - device restart situation. The market is in a weak shock [2]. Methanol - MA2509: The inventory inflection point has appeared, and the port and inland markets are weakening. The market is in a weak shock [2]. Grains and Oils - M2509: The pressure near 2950 is increasing [2]. - RM509: CBOT is closed, and the market is in a shock [2]. - LH2509: At the end of the month, the volume is shrinking, and downstream Dragon Boat Festival stocking is increasing. The futures and spot prices are rebounding slightly. Pay attention to the support at 13500 [2]. - C2507: The market fluctuates with the shipment rhythm. It fluctuates around 2320 in the short - term [2]. - P2509/Y25: Palm oil may run around 8000 [2]. - SR2509: The overseas supply outlook is relatively loose. Unilaterally wait and see or short on rebounds [2]. - CF2509: The downstream market remains weak. Short on rebounds [2]. - JD2507: The spot price may weaken again. Short on rebounds for the 07 contract [2]. - AP2510: The trading is market - based. The main contract runs around 7500 [2]. - CJ2509: The fundamentals change little, and red dates continue to fluctuate. It runs around 9000 in the short - term [2]. - PK2510: The market price fluctuates. The main contract runs around 8200 [2]. Special Commodities - SA2509: There are many maintenance expectations from May to June. Consider positive - spread participation in the monthly spread. Short on rebounds and go for a positive - spread operation for the 7 - 9 monthly spread [2]. - FG2509: The market sentiment is pessimistic. Pay attention to the support at the 1000 - point level [2]. - RU2509: The fundamentals are weak, and the rubber price is falling. Hold the previous short positions and pay attention to the performance at the 14000 - line [2]. - Si2507: The industrial - silicon futures are increasing positions and falling under the expectation of supply increase. The fundamentals are still bearish [2]. New - Energy Commodities - PS2507: The raw - material price is falling, and the supply is expected to increase. The polysilicon futures are increasing positions and falling, and the price is still under pressure [2]. - LC2507: The market has rebounded, but the fundamental logic has not reversed. The main contract runs in the range of 58,000 - 63,000 [2].