投资咨询业务资格:证监许可【2012】 31号 【 一 国贸 期货 瓶片短纤数据日报 | | | | | 投资咨询号: Z0017251 | | --- | --- | --- | --- | --- | | | | | 国贸期货研究院 | 2025/7/18 | | | | | 能源化工研究中心 陈胜 | 从业资格号: | | | | | | F3066728 | | 指标 | 2025/7/16 | 2025/7/17 | 变动值 | | | PTA现货价格 | 4720 | 4730 | 10.00 | | | | | | | 现货资讯: | | MEG内盘价格 | 4400 | 4437 | 37.00 | 短纤:涤纶短纤持稳至6360。现货市场:涤纶 | | PTA收盘价 | 4706 | 4714 | 8. 00 | 短纤生产企业价格一单一谈,贸易商价格区间整 | | MEG收盘价 | 4351 | 4372 | 21.00 | 理,下游按需采买,市场成交谨慎。 | | 1.4D直纺涤短 | 6680 | 6635 | (45.00) | 1.56dtex*38mm半光本白(1.4D)涤纶短纤华东 ...

投资咨询业务资格:证监许可【2012】31号 == 宏观金融数据日报 | | 国贸期货研究院 宏观金融研究中心 郑雨婷 | 期货执业证号:F3074875; 投资咨询证号: Z0017779 | | | 2025/7/18 | | --- | --- | --- | --- | --- | --- | | | 品种 | 收盘价 较前值变动(bp) | 品种 | 收盘价 | 较前值变动 | | | | | | | (bp) | | हू | DR001 | 1.46 -0.49 | DR007 | 1.52 | -0.68 | | | GC001 | 1.13 -37.00 | GC007 | 1.47 | -6.50 | | m | | | | | | | 市 | SHBOR 3M | 1.56 -0.20 | LPR 5年 | 3.50 | 0.00 | | | 1年期国债 | 1.35 -0.50 | 5年期国债 | 1.51 | -0.25 | | 场 | | | | | | | | 10年期国债 | 1.66 0.00 | 10年期美债 | 4.46 | -4.00 | | 与 | | 同顾,由行昨日 ...

II GER期货 量 2、MSK开屈wk31，十开3000。 要 3、0A船线下部分船期可保舱目免时效长，目的港可批复异地还箱。 4、MSK欧线囤有部分单点舱位。 5、PA 7月下,部分匹配品名的特价舱仍需提前占舱,整体月底舱位充裕。 6、欧洲港口劳动力短缺、安特卫普港大罢工、莱茵河水位下降、红海航道风险升高等影响欧洲港口堵塞情况仍未缓 解,时效拉长。 投资咨询业务资格：证监许可【2012】31号 | M & NEW BAND BEPAIN COM FILE | .. | D | | | --- | --- | --- | --- | | 1 15 | 224 | STATUTION STATION | 8.1 | | 航运衍生品数据日报 | | --- | | | | | 国贸期货研究院 能源化工研究中心 | | 投资咨询号： Z0021177 | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 卢钊毅 | | 从业资格号:F03101843 | | 2025/7/18 | | | | | 数据来源：Clarksons、Wind | ...

资咨询业务资格:证监许可【2012】31号 ITG国贸期货 生活数据 日 | | | | | 国留期货研究院 | 投资咨询号:Z0015194 | 2025/07/18 | | --- | --- | --- | --- | --- | --- | --- | | | | | 农产品研究中心一层 | 財） 杨璐琳 | 从业资格号:F3042528 | | | | 地区 | 2025/07/17 | 涨跌值 | 升贴水(修改后) | 与2509基差 | 涨跌值 | | | 河南 | 14.4 | -0. 15 | 0 - (2) | 400 | -260 | | | 湖南 | 13.99 | -0. 15 | 100 | -110 > | -260 | | | 湖北 | (14. 14 | -0.1.00 | 0 | 140 | +2-210 | | | 安徽 | 14. 65 | -0.11 | 300 | 350 | -220 | | | 江西 | 14. 34 | -0. 23 | 2100 | 240 | -340 | | | 山西 | 14.16 | -0. 08 | -400 | 560 | -19 ...

Report Summary 1. Report Industry Investment Rating - No investment rating information is provided in the report. 2. Core View of the Report - Supply disruptions have boosted market sentiment, leading to an increase in lithium carbonate futures prices. However, the actual impact on the fundamentals is limited, with supply increasing and demand remaining stable. Short - term downstream replenishment is large, but the subsequent replenishment space may be limited, and the support for prices may weaken. In the short term, driven by market sentiment, lithium carbonate futures prices may fluctuate [3]. 3. Summary by Relevant Catalog Lithium Compounds - SMM battery - grade lithium carbonate average price is 64,950 yuan/ton, and SMM industrial - grade lithium carbonate average price is 63,350 yuan/ton. The price difference between battery - grade and industrial - grade lithium carbonate is 1,600 yuan/ton, with no change [1][2]. - Futures contracts: Lithium carbonate 2508 closed at 68,060 yuan/ton, up 2.1%; 2509 at 67,960 yuan/ton, up 2.47%; 2510 at 67,580 yuan/ton, up 2.3%; 2511 at 67,180 yuan/ton, up 2.07%; 2512 at 67,500 yuan/ton, up 2.03% [1]. Lithium Ore - Lithium spodumene concentrate (CIF China, Li2O: 5.5% - 6%) is 693 dollars/ton, with a change of 8 dollars/ton. Lithium mica (Li2O: 1.5% - 2.0%) is 910 dollars/ton, with a change of 20 dollars/ton; (Li2O: 2.0% - 2.5%) is 1465 dollars/ton, with a change of 15 dollars/ton. Phospho - lithium - aluminum stone (Li2O: 6% - 7%) is 4670 dollars/ton; (Li2O: 7% - 8%) is 5535 dollars/ton [1][2]. Cathode Materials - The average price of lithium iron phosphate (power type) is 31,345 yuan/ton, the average price of ternary material 811 (polycrystalline/power type) is 142,650 yuan/ton, the average price of ternary material 523 (single - crystal/power type) is 115,195 yuan/ton, and the average price of ternary material 613 (single - crystal/power type) is 120,115 yuan/ton with no change [2]. Price Spreads - The price difference between battery - grade and industrial - grade lithium carbonate is 1,600 yuan/ton, with no change; the difference between battery - grade and the main contract is - 3,010 yuan/ton, a decrease of 1,540 yuan/ton; the difference between the near - month and the first - continuous contract is 100 yuan/ton, a decrease of 80 yuan/ton; the difference between the near - month and the second - continuous contract is 480 yuan/ton, an increase of 40 yuan/ton [2]. Inventory - The total inventory (weekly, tons) is 142,620 tons, an increase of 1,827 tons; smelter inventory (weekly, tons) is 58,039 tons, a decrease of 559 tons; downstream inventory (weekly, tons) is 41,271 tons, an increase of 506 tons; other inventory (weekly, tons) is 43,310 tons, an increase of 1,880 tons; registered warehouse receipts (daily, tons) is 10,239 tons, a decrease of 416 tons [2]. Profit Estimation - The cash cost of externally purchased lithium spodumene concentrate is 64,189 yuan/ton, with a profit of - 126 yuan/ton; the cash cost of externally purchased lithium mica concentrate is 69,638 yuan/ton, with a profit of - 7,116 yuan/ton [3]. Company News - On the afternoon of July 17, 2025, Zangge Mining announced that its wholly - owned subsidiary, Golmud Zangge Potash Fertilizer Co., Ltd., received a notice from the Haixi Natural Resources Bureau and the Haixi Salt Lake Administration on July 16, 2025, requiring it to stop illegal lithium resource development activities immediately, rectify actively, and improve legal procedures for resources. It can only resume production after applying and getting approval [3].

| | | | | 聚酯数据日报 | | | --- | --- | --- | --- | --- | --- | | | | 国贸期货研究院 | | 投资咨询号: Z0017251 | 2025/7/18 | | | | 能源化工研究中心 | 陈胜 | | 从业资格号:F3066728 | | | 指标 | 2025/7/16 | 2025/7/17 | 变动值 | 行情综述 | | | INE原油(元/桶) | 517.4 | 516. 8 | -0. 60 | 成交情况: PTA:PTA行情上涨,市场交易PTA低加工费之下的检修 | | | PTA-SC(元/陣) | | | | 预期,下游聚酯开工仍然高于去年同期,现货基差走 | | SC | | 946. 0 | 958. 4 | 12. 36 | 强,PTA行情上涨。 | | | PTA/SC(比价) | 1.2516 | 1. 2552 | 0. 0036 | | | PX | CFR中国PX | 834 | 833 | -1 | | | | PX-石脑油价差 | 250 | 252 | 1 | | | | PTA主力期价(元/吨) | 470 ...

Group 1: Report's Core View - On July 17th, glass and soda ash fluctuated with a slight upward trend. Glass price fluctuations are mainly driven by market sentiment. In the short - term, supply - demand has marginally improved, spot prices are stable, demand is resilient, inventory is being reduced, and market sentiment is positive, providing price support. For soda ash, recent maintenance has gradually ended, supply is expected to increase, direct demand is expected to weaken, concerns about supply - demand surplus have resurfaced, profits of float and photovoltaic glass are poor, and cost support has weakened, putting pressure on prices [2] - The trading strategy is to hold short - position options for soda ash and long - position contracts for glass [2] Group 2: Market Data Futures Data - For glass futures contracts in January, May, and September 2025, the closing prices are 1168, 1092, and 1236 respectively, with price increases of 6, 4, and 22, and increase rates of 0.52%, 0.32%, and 2.06% respectively. For soda ash futures contracts in the same months, the closing prices are 1271, 1307, and 1225 respectively, with price increases of 17, 16, and 17, and increase rates of 1.36%, 1.24%, and 1.41% respectively [1] - The price spreads between different glass futures contracts: January - May is - 68, May - September is 144, September - January is - 76; for soda ash, January - May is - 36, May - September is 82, September - January is - 46 [1] Spot Data - Glass spot prices in different regions: 1160 in the East China region, 1290 in another region, and 1300 in North China. Soda ash spot prices in different regions: 9960 in the Northwest, 1300 in North China, and 1250 in East China [1] Basis Data - The main glass basis in different regions: 68, 148, and 198; for soda ash, - 265, 75, and 25 [1]

Group 1: Report Information - Report Name: Precious Metals Data Daily [4] - Date: July 18, 2025 [5] - Research Institution: ITC Guomao Futures [3] - Analyst: Baishuna from the Macroeconomic and Financial Research Center [5] Group 2: Market Data Price and Price Changes - On July 17, 2025, London Gold Spot was at $3334.99/ounce (-0.1% from the previous day), London Silver Spot at $37.88/ounce (0.0% change), COMEX Gold at $3340.80/ounce (-0.2% change), and COMEX Silver at $38.11/ounce (-0.2% change). Shanghai gold and silver futures and spot also had corresponding price changes [5]. - The price differences and ratios between different gold and silver varieties also changed. For example, the gold TD - SHFE active price difference was -2.24 yuan/gram on July 17, with a 14.3% change from the previous day [5]. Positions and Inventories - As of July 16, 2025, the non - commercial long and short positions of COMEX gold and silver had different degrees of change compared to the previous day. Gold ETF - SPDR was at 950.79 tons (0.33% change), and Silver ETF - SLV was at 14819.28626 tons (-0.25% change) [5]. - On July 17, 2025, SHFE gold inventory was 28872.00 kg (0.00% change from the previous day), and SHFE silver inventory was 1217085.00 kg (0.35% change). COMEX gold and silver inventories also had slight increases [5]. Interest Rates, Exchange Rates, and Other Market Indicators - On July 17, 2025, the US dollar/Chinese yuan central parity rate was 7.15 (-0.09% change). The US dollar index was 98.29 (-0.35% change), and US Treasury yields and other indicators also changed [5]. Group 3: Core Views Short - term Logic - The decrease in the number of initial jobless claims in the US and strong retail sales data weakened the short - term downward risk of the US economy, which put pressure on precious metal prices. However, due to the uncertainty of tariffs and the market's expectation of a Fed rate cut in September, precious metal prices were also supported. It is expected that gold prices will continue to fluctuate. For silver, although the market risk preference is still high, the silver price may gradually strengthen, and the gold - silver ratio may start to rise [5]. Medium - and Long - term Logic - Against the background of the trade war, the Fed still has a certain probability of cutting interest rates this year. With global geopolitical uncertainties, the intensification of great - power games, and the wave of de - dollarization, the long - term upward trend of gold has not changed. It is recommended to continue to allocate long positions on dips [5]. Group 4: Market News - US President Trump announced on the 12th that starting from August 1, a 30% tariff would be imposed on EU imported goods. The EU Commission stated on the 14th that if the US - EU trade negotiation fails, the EU is ready to impose additional counter - tariffs on US imported products worth about $84 billion and has formulated a counter - measure list [5]. - Trump said he did not plan to remove Fed Chairman Powell from office. Fed official Williams said that the initial impact of tariffs on commodity prices was starting to be seen, and the impact on inflation was expected to intensify in the coming months [5]. - The number of initial jobless claims in the US for the week ending July 12 was 221,000, a new low since the week ending April 12, 2025. The number of continued jobless claims for the week ending July 5 was 1.956 million, lower than expected [5].

Report Summary 1) Report Industry Investment Rating No relevant information provided. 2) Core View of the Report - In the short term, methanol prices will fluctuate within a range. In the medium to long term, the methanol spot market may shift from strong to weak and fluctuate [1]. 3) Summary According to Relevant Catalogs Spot Price - Yesterday, methanol prices in multiple regions saw a slight increase. In the northwest main production area, enterprise inventories were at a low level, and the willingness of downstream and traders to replenish at low prices increased, leading to higher auction transaction prices. The positive sentiment in the futures market drove smooth new - order transactions in the afternoon, with some enterprises suspending sales and holding prices, pushing up the spot prices. Downstream buyers are mainly in a wait - and - see mode, and after replenishing at low prices earlier, their purchases have become more rational. The market trend depends on the downstream procurement transactions on Tuesday [1]. Supply - Domestic methanol production increased from 268,235.00 to 269,435.00, an increase of 1,200.00. The domestic operating rate rose from 83.04 to 83.41, an increase of 0.37, while the international operating rate remained unchanged at 72.33 [1]. Import - The arrival weight remained unchanged at 31.03 [1]. Inventory - Both enterprise inventory and port inventory remained unchanged at 356,900.00 and 718,900.00 respectively [1]. Demand - The order backlog remained unchanged at 221,240.00. The operating rates of various downstream products remained mostly unchanged, with only the MTBE price rising from 5,000.00 to 5,050.00, an increase of 50.00 [1]. Associated Product Prices - Most associated product prices remained unchanged, with only the MTBE price increasing by 50.00 [1].

Report Industry Investment Ratings - Bullish: Index Futures, Polysilicon [1] - Bearish: Copper, Aluminum, Zinc, Stainless Steel [1] - Volatile: Treasury Bonds, Gold, Silver, Alumina, Nickel, Industrial Silicon, Lithium Carbonate, Rebar, Hot Rolled Coil, Iron Ore, Manganese Silicon, Ferrosilicon, Glass, Soda Ash, Coking Coal, Coke, Palm Oil, Rapeseed Oil, Cotton, Sugar, Corn, Soybean Meal, Pulp, Live Pigs, Crude Oil, Fuel Oil, HK, BR Rubber, PTA, Ethylene Glycol, Short Fiber, Styrene, PE, PVC, Chlor - Alkali, LPG, Container Shipping European Line [1] Core Views - The market's reaction to negative news in the stock index has become dull, with strong trading volume and sentiment. The market's willingness to allocate equity assets has increased, and short - term index futures are expected to fluctuate strongly [1]. - Asset shortage and weak economy are beneficial to bond futures, but the central bank's short - term interest rate risk warning restricts the upward space [1]. - Gold and silver prices are expected to fluctuate in the short term due to various factors such as the strength of the US dollar and market uncertainties [1]. - Copper prices may fall due to US inflation rebound and potential copper tariff implementation [1]. - Aluminum prices are expected to weaken due to high prices suppressing demand and inventory accumulation [1]. - Alumina prices have stabilized and rebounded due to supply - side reform expectations [1]. - Zinc prices are under pressure, and short - selling opportunities should be watched for [1]. - Nickel prices are volatile, and short - term short - selling and long - term supply pressure should be considered [1]. - Tin prices have short - term support but may decline in the long term [1]. - The prices of various industrial and agricultural products are affected by factors such as supply and demand, policies, and macro - economic conditions, showing different trends of rise, fall, or fluctuation [1]. Summary by Related Catalogs Macro - finance - Index Futures: The market's reaction to negative news is dull, trading volume and sentiment are strong. With the "asset shell" situation and "national team" support, the market's willingness to allocate equity assets has increased. Short - term index futures are expected to fluctuate strongly [1] - Treasury Bonds: Asset shortage and weak economy are beneficial to bond futures, but the central bank's short - term interest rate risk warning restricts the upward space [1] Precious Metals - Gold: Market uncertainties exist, and gold prices are expected to fluctuate in the short term [1] - Silver: The strengthening of the US dollar may suppress silver prices, and silver prices are expected to fluctuate [1] Non - ferrous Metals - Copper: US inflation rebound and potential copper tariff implementation may lead to a decline in copper prices [1] - Aluminum: High prices suppress demand, inventory accumulates, and aluminum prices are expected to weaken [1] - Alumina: Supply - side reform expectations have led to price stabilization and rebound [1] - Zinc: Prices are under pressure, and short - selling opportunities should be watched for [1] - Nickel: Prices are volatile, and short - term short - selling and long - term supply pressure should be considered [1] - Stainless Steel: Futures prices are volatile, and short - selling hedging and positive basis trading opportunities should be grasped [1] - Tin: Short - term support exists, but prices may decline in the long term [1] Industrial Products - Industrial Silicon: Supply and demand factors co - exist, and the market has high sentiment [1] - Polysilicon: Bullish due to supply - side reform expectations and high market sentiment [1] - Lithium Carbonate: Supply and demand factors lead to price fluctuations [1] - Rebar and Hot Rolled Coil: Supported by strong furnace materials, prices are expected to fluctuate [1] - Iron Ore: Market sentiment is good, but fundamentals are weakening, and prices are expected to fluctuate [1] - Manganese Silicon and Ferrosilicon: Supply and demand are relatively balanced, and prices are expected to fluctuate [1] - Glass: Short - term support exists, but medium - term over - supply may limit price increases [1] - Soda Ash: Supply is expected to increase, demand is weak, and prices are under pressure [1] - Coking Coal and Coke: Due to market expectations, short - selling should be avoided in the short term, and positive basis trading opportunities should be grasped [1] Agricultural Products - Palm Oil: MPOB monthly report is neutral to bearish, and wait for a callback to buy the 01 contract [1] - Rapeseed Oil: The entry of Australian rapeseed may have a negative impact on prices in the short term [1] - Cotton: Domestic cotton prices are expected to fluctuate weakly [1] - Sugar: Brazilian sugar production is expected to increase, and price trends are affected by factors such as crude oil prices [1] - Corn: CO9 is expected to fluctuate, and C01 is recommended to short at high prices [1] - Soybean Meal: MO1 is supported, and a low - buying strategy can be adopted [1] Energy and Chemicals - Crude Oil and Fuel Oil: Affected by factors such as geopolitical situation, OPEC+ production, and seasonal consumption, prices are expected to fluctuate [1] - HK: Downstream demand is weakening, supply is expected to increase, and inventory is increasing slightly [1] - BR Rubber: Fundamentals are under pressure, but there is some support from device maintenance [1] - PTA: Supply has shrunk, but crude oil is strong. Polyester downstream load remains high, and market supply is becoming more abundant [1] - Ethylene Glycol: Coal prices have risen slightly, and there are factors of supply increase and decrease [1] - Short Fiber: Warehouse receipt registration is low, and cost follows closely [1] - Styrene: Device load has increased, and the basis has weakened [1] - PE: Macro - sentiment has subsided, and prices are expected to fluctuate weakly [1] - PVC: Affected by factors such as coking coal prices and seasonal demand, prices are expected to fluctuate strongly [1] - Chlor - Alkali: Maintenance is coming to an end, and attention should be paid to changes in liquid chlorine [1] - LPG: Affected by factors such as crude oil prices and seasonal demand, prices are expected to fluctuate weakly [1] Others - Container Shipping European Line: The freight rate is expected to show an arc - top trend, and the peak time is advanced [1]