77620 / 77710 / 77340 / 77450 / 580 0.74% 3.6 17.7 028 6130 3163 institute@gjqh.com.cn 4006821188 028 6130 3163 institute@gjqh.com.cn 4006821188 028 6130 3163 institute@gjqh.com.cn 4006821188 ...

Group 1: Report Overview - The report is about corn starch, written on May 8, 2025, with a daily review cycle [1] Group 2: Futures Market Review - On May 8, 2025, the main contract of corn starch showed a downward trend. The closing price of the main contract cs2507 was 2,731 yuan/ton, down 14 yuan/ton from the previous trading day [5] - The trading volume on that day was 118,000 lots, and the open interest at the close was 243,000 lots, an increase of 4,537 lots compared to the previous trading day [5] Group 3: Spot Market Fundamentals - The spot price of corn starch showed an overall upward trend. The quotes in Hebei and Shandong increased by 20 yuan/ton compared to the previous day [6]

PTA PTA PTA TA PTA 6 TA TA TA 028 6130 3163 institute@gjqh.com.cn 4006821188 028 6130 3163 institute@gjqh.com.cn 4006821188 PTA PTA TA PTA 考虑到 TA 库存绝对水平仍然偏高,如果能源再次出现调整,市场风险可能仍然未消退, 因此,需要做好风险管理. 并考虑进行套期保值以应对潜在的市场风险。 图 3：TA 主力合约日 K 图片来源:国余期货行情软件 风险揭示及免责声明 本报告由国金期货有限责任公司制作，未获授权不得修改、复制和发布。 本报告基于公开资料、第三方数据或实地调研资料,我公司保证已经审慎审核、 甄别和判断信息内容,但无法绝对保证材料的真实性、完整性和准确性,报告中的信 息或所表达的意见不构成投资、法律、会计或税务的最终操作建议，本公司对报告内 容及最终操作不作任何担保。本公司不对投资者因使用本报告中的内容所引致的损失 承担任何责任。 公司热线：028 6130 3163 研究所邮箱：institute@gjqh.com.cn 投诉：4006821188 ...

20.01 20 028 6130 3163 institute@gjqh.com.cn 4006821188 | 规格/价格类型 | 最高价 | 最低价 | ５月８日收盘 | 周涨跌% | | --- | --- | --- | --- | --- | | UR2509 | 1904 | 1725 | 1882 | +7.05% | UR2509 UR2509 291.14 7.05% 50-170 / 200 / 1830-1880 / 19.9-20.3 028 6130 3163 institute@gjqh.com.cn 4006821188 | | | | | | ﻟ | | --- | --- | --- | --- | --- | --- | | 地区/价格类型 | 最高价 | 最低价 | 收盘价 | 周均价 | 周涨跌% | | 山东(现汇出厂) | 1850 | 1740 | 1805 | 1805 | -0.25% | | 河北(现汇出厂) | 1880 | 1770 | 1790 | 1807 | +0.43% | | 江苏(现汇出厂) | 1880 | 1830 | 1830 | 1 ...

028 6130 3163 institute@gjqh.com.cn 4006821188 028 6130 3163 institute@gjqh.com.cn 4006821188 ...

028 6130 3163 institute@gjqh.com.cn 4006821188 028 6130 3163 institute@gjqh.com.cn 4006821188 ...

1882 / 1890 / 1859 / 42.5 1. 20.51 0.35 1.71 88.91% 86.8% 2.09 2. 09 19 / 1% 4. 20 5. 6. 028 6130 3163 institute@gjqh.com.cn 4006821188 3. 028 6130 3163 institute@gjqh.com.cn 4006821188 131 028 6130 3163 institute@gjqh.com.cn 4006821188 ...

2025 5 7 24,631 223 2025 5 7 LME 198,312 1,470 9.4% 02861303163 institute@gjqh.com.cn 4006821188 | NI | 主连价格情况 | | | | | | --- | --- | --- | --- | --- | --- | | 123,630.0 | 123,880.0 | 124,540.0 | 123,030.0 | -450.0 | -0.363 | 5 SMM1# 123,500-126,300 / 124,900 / , 750 / 2,100-2,400 / 2,250 / 100 / 0-300 / 150 / 25 / 02861303163 institute@gjqh.com.cn 4006821188 02861303163 institute@gjqh.com.cn 4006821188 ...

撰写品种：沪银 撰写时间：2025/05/07 回顾周期：日度 研究员：曹柏泉 咨询证号（Z0019820） 沪银日度报告 一、盘面情况 沪银主力合约今日波动不大，开盘价为 8240 元/千克，最高价是 8280 元/千克，收盘价是 8252 元/千克。 二、现货方面 今日现货白银价格为 32.959 美元/盎司，涨跌额-0.192 美元/盎司，涨跌 幅-0.58%。 三、宏观分析 美国 4 月全球供应链压力指数公布为-0.29，前值是-0.17。面对当前疲 软的美国经济数据，关税方面，由于特朗普征收关税此举导致全球经济衰退， 正在产生致命的反噬效果，数据显示，美国进口商为应对 3000 亿美元商品 关税，提前囤货行为导致库存暴增，加剧了经济波动。美联储主席鲍威尔表 示，美联储可以耐心，无需急于降息，特朗普的表态"根本不会影响美联储 的工作"。 四、综合分析 总的来说，后续市场围绕地缘、关税、海外经济前景的不确定性等定价， 短期白银价格维持高位震荡运行。 公司热线：028 6130 3163 研究所邮箱：institute@gjqh.com.cn 投诉：4006821188 图1 沪银加权价格走势 图片来源： ...

Group 1: Report Summary - The report is a daily report on Shanghai Lead, written on May 6, 2025, with a daily review cycle [1] - The researcher is Cao Baiquan with consulting certificate number Z0019820 [2] Group 2: Core Viewpoint - Due to the weak performance on the demand side, there is a possibility of continued correction in lead prices in the short term [3] Group 3: Macro Aspect - In April, China's manufacturing PMI was 49.0%, a 1.5% decrease from the previous month; the Caixin manufacturing PMI was 50.4, down 0.8 from the previous value, reaching the lowest level in the past three months [3] Group 4: Supply Side - Primary lead smelters have basically resumed production with an increasing operating rate, but there was a month - on - month production cut in April due to partial maintenance; the rising price of waste lead - acid batteries has limited the supply of recyclers, causing some smelters to suspend production due to cost issues and thus reducing the operating rate [3] Group 5: Demand Side - It is currently the off - season for consumption. The willingness to stock up before the holiday is low, downstream purchases are limited, and the order volume is relatively low [3] Group 6: Inventory Aspect - As of April 30, the social inventory of lead ingots in major domestic markets was 44,300 tons, a decrease of 600 tons from April 28 and 4,500 tons from April 24 [3] Group 7: Technical Aspect - From the hourly line, the futures price has fallen below the oscillation range; from the daily line, the price has fallen below the support level [3]