Report Industry Investment Rating - The investment ratings for both soybeans and peanuts are neutral [1][4][6] Core Viewpoints - The domestic soybean market has a generally loose supply - demand pattern, with high port inventories and weak downstream demand, and the price upside is limited. The peanut market is gradually increasing in supply, and the price is expected to be stable with a slight weakness [3][5] Summary by Related Contents Soybean Market Analysis - Futures: The closing price of the soybean 2605 contract was 4104.00 yuan/ton, a change of - 1.00 yuan/ton (-0.02%) from the previous day [1] - Spot: The edible soybean spot basis was A05 + 96, a change of +1 (32.14%) from the previous day. The spot prices in various regions of Heilongjiang remained flat [1][2] - Market Information: The overall transaction rate of the 210,000 - ton 2022 domestic soybean auction was 62.29%, with high - protein soybeans selling well and low - protein ones having many unsold. The previous import soybean auction's lower transaction rate alleviated supply concerns. The trading shipment speed slowed slightly, and farmers and traders were reluctant to sell [2] - Market Situation: The soybean futures main contract had a narrow - range shock. The supply pressure persisted due to high port inventories (about 7.8 million tons) and lower forward import costs. The demand was weak, with stable southern purchases of Northeast soybeans but lack of terminal consumption growth. The state - reserve purchase provided some support but couldn't change the overall situation [3] Strategy - Neutral [1] Peanut Market Analysis - Futures: The closing price of the peanut 2603 contract was 7950.00 yuan/ton, a change of - 12.00 yuan/ton (-0.15%) from the previous day [4] - Spot: The average peanut spot price was 8055.00 yuan/ton, with no change. The spot basis was PK03 - 1150.00, a change of +12.00 (-1.03%). The national peanut market's general price was stable with a slight decline, and the oil - mill contract prices were stable [4] - Market Information: The peanut futures main contract rebounded after a decline. The peanut market entered the concentrated listing period, with different farmer shipment rhythms in different regions. The supply was increasing. Some traders' prices were slightly soft, and some peanuts met the oil - mill purchase standards. The oil - mill new - season purchases started, and some had large arrivals [5] Strategy - Neutral [6]

黑色建材日报 | 2025-12-24 市场成交偏弱，钢价区间波动 钢材：市场成交偏弱，钢价区间波动 市场分析 期现货方面：昨日钢材期货维持震荡运行，现货方面，钢材现货成交偏弱，环比回落，投机情绪不足，钢材价格 基本持平。 供需与逻辑：目前建材供需基本面持续改善，淡季消费维持韧性，产量小幅回升，库存延续回落，伴随各地持续 降温，建材需求仍有季节性回落预期。板材产量环比回落，消费及出口小幅下滑，但是仍存韧性，去库斜率不及 往年同期，高库存持续压制板材价格表现，卷螺差持续走弱。 策略 单边：震荡 跨期：无 跨品种：无 期现：无 期权：无 风险 宏观政策、成材需求情况、钢材出口、钢厂利润、成本支撑等。 铁矿：市场情绪谨慎，铁矿震荡运行 市场分析 期现货方面：昨日铁矿石期货价格震荡运行，现货方面，唐山港口进口铁矿主流品种价格小幅波动，贸易商报价 多随行就市，钢厂采购以刚需为主。全国主港铁矿累计成交118.7万吨，环比上涨17.64%；远期现货：远期现货累 计成交98.0万吨（6笔），环比下跌12.50%(其中矿山成交量为57万吨)。 供需与逻辑：目前铁矿石供需矛盾仍在持续积累，高估值下非主流发运持续高位，总库存连续攀 ...

黑色建材日报 | 2025-12-24 市场成交偏弱，钢价区间波动 玻璃纯碱：现货需求偏弱，玻碱窄幅震荡 市场分析 玻璃方面：昨日玻璃期货偏弱震荡运行，现货方面，市场成交重心下移，下游按需采购为主。 供需与逻辑：玻璃产量高位震荡，供应收缩程度不足，刚需缺乏起色，供需矛盾依旧存在，且伴随春节临近，刚 需仍有进一步回落预期，叠加高库存压制，玻璃价格易跌难涨，持续关注玻璃冷修情况及宏观政策对玻璃投机需 求帶来的扰动。 纯碱方面：昨日纯碱期货窄幅震荡运行，现货方面，下游观望情绪浓厚，刚需采购为主。 供需与逻辑：纯碱产量虽有下降，但仍处于同期较高位，且伴随新产线投产，纯碱供给或有进一步增加预期。目 前库存高位震荡，且考虑到后期浮法玻璃冷修计划仍有增加预期，重碱需求面临挑战，持续关注下游需求情况对 纯碱价格的影响。 策略 玻璃方面：震荡偏弱 纯碱方面：震荡偏弱 跨期：无 跨品种：无 风险 供需与逻辑：上周硅铁产量大幅回落，企业主动调整生产节奏，应对需求下滑。硅铁企业库存压力得到缓解，硅 铁基本面矛盾有所缓和。关注后续硅铁去库情况、成本端变化及产区政策情况。 策略 硅锰方面：震荡 硅铁方面：震荡 风险 房地产政策、宏观数据 ...

1. Report's Industry Investment Rating - Not provided in the content 2. Core Viewpoints of the Report - The inflection point of new planting area in natural rubber-producing countries was reached in 2018, corresponding to a decline in the growth rate of new natural rubber production capacity starting in 2025 [3][58] - It's currently impossible to determine the arrival of the production inflection point in Thailand. Although the production elasticity of southern Thailand is decreasing, the northern part is still in the production release cycle [3][58] - Cote d'Ivoire in Africa has the largest share of natural rubber production in the region, with its production exceeding Vietnam's and is expected to overtake Indonesia's in the future [5][46][58] 3. Summary by Relevant Catalogs 3.1. Introduction - Since the beginning of 2011, the prices of natural rubber futures and spot have been on a downward trend due to factors such as the downward cycle of China's real estate and increased supply. After the global health event in 2019, the recovery of global tire demand became more difficult, leading to a more than decade-long downward cycle in natural rubber prices. Recently, raw material prices in Thailand have shown strong resilience [11] 3.2. Supply Review of Southeast Asian Producing Countries - **Planting and Production Areas**: Southeast Asian natural rubber-producing countries can be divided into three tiers in terms of planting area. Thailand and Indonesia are in the first tier, Malaysia in the second, and China and Vietnam in the third. Myanmar, Cambodia, and Laos are in a lower tier. Malaysia was the first to see a decline in the tapping area [14][15] - **Import Volume**: China's natural rubber imports from Laos and Myanmar have been steadily increasing, mainly due to the alternative planting policy. The tariff exemption policy at the beginning of this year has increased imports from Laos [16] - **Yield per Unit Area**: Vietnam currently has the highest yield per unit area among Southeast Asian countries. Laos has great growth potential, and its yield per unit area has been rising rapidly in recent years, while Myanmar's is also increasing year by year [20] - **Production Volume**: Thailand's production remains at a high level, but its growth rate has slowed since 2021. Indonesia's production has been declining since reaching its peak in 2017, and Vietnam's production growth has also slowed after reaching its peak in 2022 [28] - **Tree Age Structure**: Thailand's rubber trees are mostly in the high-yield period, and the proportion of new rubber trees is small. Vietnam has a large proportion of rubber trees in the prime production period. Indonesia, Malaysia, China, and Thailand have a relatively large proportion of old trees [4][33][54] - **Thailand's Situation**: Thailand's tapping rate has been increasing in recent years, the new planting area has significantly decreased, and the area of old trees has increased. However, it's still uncertain whether the production inflection point has arrived. The theoretical new production is expected to peak in 2027, but the actual production is affected by weather and tapping enthusiasm [29][39][55] 3.3. Supply Review of African Producing Countries - **Planting and Tapping Areas**: Cote d'Ivoire has the largest share in Africa's natural rubber production, and its tapping area has been increasing year by year. It currently has the highest yield per unit area in Africa, but the peak yield per unit area is gradually decreasing [42] - **Production Volume**: Cote d'Ivoire's natural rubber production has been increasing rapidly in the past five years, and its production exceeded Vietnam's in 2023. It is expected to overtake Indonesia in the future [5][46] 3.4. Conclusion - Southeast Asian natural rubber production is mainly concentrated in Thailand, Indonesia, and Vietnam. Areas with growth potential include northern Thailand, Vietnam, Myanmar, and Laos [54][58] - Vietnam currently has the highest yield per unit area in Southeast Asia, and Laos and Myanmar have great growth potential [54] - Cote d'Ivoire in Africa is expected to become the world's second-largest natural rubber producer, overtaking Indonesia [58]

Report Industry Investment Rating - Not provided in the report Core Viewpoints - The current interest rate hike space in Japan mainly comes from the triple improvement of inflation, finance, and interest rate structure, allowing the benchmark interest rate to be slightly raised from 0.75% to about 1% in the next 1 - 2 years. The policy divergence of "US rate cuts and Japan rate hikes" will narrow the US - Japan interest rate spread from about 300bp to 200bp, reducing the profit space of yen carry trades and triggering a re - balance of global assets. Overall, this round of interest rate and spread convergence is more likely to bring about a mild repricing rather than a systemic shock [2]. - The core feature of yen carry trades lies in its large - scale hierarchical liability structure rather than a single - direction yen short position. The entire liability pool consists of three parts: the upper layer is a few billion dollars in futures shorts with limited volume but high volatility; the middle layer is a highly leveraged liability pool of over 10 trillion US dollars formed through foreign exchange swaps, forwards, and swaps, which is most sensitive to interest rate spreads and fluctuations; the bottom layer is over 10 trillion US dollars in long - term overseas assets of Japan, with a slower adjustment rhythm. The middle layer, which is the largest in scale and highest in leverage, truly affects systemic fluctuations [3]. - Although the reversal of yen carry trades will trigger market fluctuations, the conditions for triggering a global liquidity shock are not fully met: Japan's interest rate hike rhythm is moderate, high - leverage positions have been cleared in advance, and the Fed's liquidity has not tightened. In the short term, it is more likely to see a temporary repricing of high - valuation and long - duration assets rather than a systemic stampede; only in the extreme scenario of Japan's continuous and significant over - expected interest rate hikes and a strong policy divergence with the US can the cross - asset liquidity risk be significantly magnified [4]. Summary by Directory From the Cause of Inflation to See Japan's Interest Rate Hike Space - Combining economic, inflation, and fiscal dimensions, it can be roughly outlined that Japan's current interest rate hike space is from exiting extreme easing to returning to a normal and slightly loose state. That is, in the next 1 - 2 years, it is feasible to slowly raise the policy interest rate from 0.75% to about 1%. However, extending to 1.5% - 2% or higher requires stronger growth and nominal income support. Otherwise, with the existing debt stock, market concerns about fiscal sustainability will heat up sharply. This round is more like multiple small - step interest rate hikes to around 1%, allowing the long - end to be repriced gradually, rather than an American - style continuous and large - scale interest rate hike cycle [8]. Monetary Policy Divergence, Yen Depreciation, and Yen Carry Trades - In the past five years, Japan's monetary policy has shown an obvious divergence from the global trend. While major economies have aggressively raised interest rates under the constraint of high inflation, Japan did not exit negative interest rates until March 2024 and only slightly raised interest rates by 25bp in January 2025, with a policy rhythm much slower than the global average. The monetary policy divergence has led the US - Japan policy interest rate spread to reach nearly 560bp at its peak in 2023, resulting in a significant strengthening of the US dollar and an accelerated depreciation of the yen since 2022. Japan's low interest rates, a significantly enlarged US - Japan interest rate spread, and the yen's depreciation have provided an excellent profit environment for yen carry trades and released liquidity globally through the path of borrowing yen and buying high - interest - rate assets. This is also the reason for the continuous rise of assets such as technology - represented stocks, commodities, and digital currencies in the past [10]. Yen Depreciation Pushes Up Japan's Inflation Pressure, Leading to Passive Monetary Tightening - The side effects of the continuous depreciation of the yen are forcing the Bank of Japan to raise interest rates. On the one hand, the weakening yen has raised the prices of imported energy and food. Japan's high dependence on foreign countries means that imported inflation is inevitable. On the other hand, after 30 years of structural adjustment, changes in the labor market structure have led to a continuous increase in domestic wages. Japan's core CPI has been running above 2% since 2022, marking the end of the deflation era. In this context, the Bank of Japan's recent release of a clearer signal of interest rate hikes is a response to the rising inflation center and the risk of a wage - inflation spiral, aiming to stabilize the yen exchange rate and inflation expectations before the doubts about sovereign credit intensify [18]. Japan's High Fiscal Debt Reality Constrains the Upside Space of Interest Rates - Japan's "lost 30 years" is also the 30 years of large - scale fiscal stimulus. The fundamental reason why Japan has been able to maintain roughly controllable finances under the premise of a debt/GDP ratio exceeding 200% in the past two decades is the continuous decline in the average interest payment rate. With the recovery of the inflation environment, market concerns about Japan's fiscal sustainability are also increasing, further pushing down the yen and pushing up long - term interest rates, forming a "dual pressure of exchange rate and interest rate." Currently, driven by the Bank of Japan's interest rate hikes and the rise of long - term interest rates, the average fiscal interest payment rate has turned upward, and the proportion of interest payments has also begun to rise slightly. The fiscal tolerance for interest rate hikes has obviously decreased [27]. From the Monetary Policy Divergence to See the Compression Space of Interest Rate Spreads - In the next year, the policy divergence of "US rate cuts and Japan rate hikes" will dominate the profit structure and capital flow of yen carry trades. In the current environment of still high interest rate spreads, this divergence will drive the nominal interest rate spread to narrow slowly, and the narrowing rhythm determines whether carry positions will be moderately re - balanced or trigger concentrated liquidation in extreme scenarios. In the baseline scenario, the interest rate spread narrows but does not reverse, and the carry space still exists; while the stress scenario requires the resonance of both the rapid weakening of the US and the rapid interest rate hikes in Japan to possibly lead to a sharp decline or even an inversion of the interest rate spread. Overall, the probability of the extreme combination is low, but its potential disturbances need to be vigilant [33]. Dismantling the Scale and Structure of the Yen Carry Trade Liability Pool - Overall, yen carry trades have evolved from the traditional single - direction bet into a large and complex hierarchical liability system. The different sources of funds, leverage structures, and risk exposures at different levels determine their volatility patterns and vulnerability points. When interest rate spreads narrow and exchange rate fluctuations intensify, short - term price shocks are often triggered by leveraged funds in the upper and middle layers, while it is the global allocation of Japanese institutions at the bottom layer that truly affects the cross - cycle capital flow. Therefore, understanding the systemic risk of yen carry trades lies not in simply looking at the scale of speculative short positions, but in identifying the behavioral constraints and re - balance rhythms of different layers [37]. Yen Carry Trade Reversal and Global Liquidity Shock - Currently, the macro and policy conditions may cause fluctuations but are not sufficient to trigger a systemic liquidity shock. The market has already factored in Japan's interest rate hike path in advance, and high - leverage yen short positions have been significantly cleared in the previous round of shocks. The Fed is in a stage of slow interest rate cuts, and the US dollar liquidity has not tightened significantly, making potential de - leveraging more likely to manifest as asset re - pricing rather than a full - scale stampede. On this basis, the key risk of yen carry trades is gradually shifting from short - term event shocks to the adjustment of capital flow driven by long - term changes in the interest rate spread pattern [43].

Report Industry Investment Rating - No relevant content provided Core Viewpoints - The report provides a daily overview of the stock index options market, including option trading volume, PCR, and VIX metrics for various types of options on December 22, 2025 [1][2][3] Summary by Directory Option Trading Volume - On December 22, 2025, the trading volumes were as follows: 878,700 contracts for SSE 50 ETF options, 1,221,100 for CSI 300 ETF options (Shanghai), 1,653,400 for CSI 500 ETF options (Shanghai), 102,000 for Shenzhen 100 ETF options, 2,236,800 for GEM ETF options, 16,700 for SSE 50 index options, 150,200 for CSI 300 index options, and 166,300 for CSI 1000 options [1] - The table also shows the call, put, and total trading volumes for each type of option [20] Option PCR - The report presents the turnover PCR and position PCR, along with their环比 changes, for different options. For example, the turnover PCR of SSE 50 ETF options was 0.48 with a环比 change of -0.09, and the position PCR was 0.97 with a环比 change of -0.04 [2][35] Option VIX - The VIX values and their环比 changes are reported for each option type. For instance, the VIX of SSE 50 ETF options was 12.72% with a环比 change of -0.38% [3][50]

Report Industry Investment Rating - Unilateral: Neutral; UR05 - 09 for positive spread trading at low levels; No recommendation for cross - variety trading [3] Core Viewpoints - As environmental protection restrictions are gradually lifted, it is expected that both urea enterprises and downstream industries will see a slight increase in their operating rates. Recently, the spot trading of urea has slowed down, and the market is in a wait - and - see mode. The pending orders of mainstream producers still provide support, so the price is expected to remain stable for the time being. On the supply side, gas - based production units will start maintenance in December in the fourth quarter, and the enterprises that previously reduced production due to environmental protection issues are gradually resuming. On the demand side, off - season storage procurement is ongoing. The demand from industries affected by environmental protection is gradually recovering. The introduction of raw material supply policies for compound fertilizers has cooled down the market sentiment, leading some enterprises to reduce production and causing the overall operating rate to decline slightly. The operating rate of melamine plants has decreased, with only rigid demand for procurement. Procurement in major producing areas has slowed down, and inventory in factories has decreased due to reserve demand in the Northeast and Northwest, while port inventory has slightly increased. With the alleviation of environmental protection issues this week, industrial demand is expected to increase slightly. Continuous attention should be paid to the raw material procurement rhythm of compound fertilizers, the national off - season storage rhythm, and the sustainability of spot procurement sentiment [2] Summary of Each Section 1. Urea Basis Structure - The section may involve the market prices of small - particle urea in Shandong and Henan, the basis of the main continuous contracts in Shandong and Henan, the price of the main continuous contract of urea, and the price spreads between different contract months (1 - 5, 5 - 9, 9 - 1 spreads) [7][8][10] 2. Urea Production - It may cover the weekly production of urea and the loss of production due to plant maintenance [19] 3. Urea Production Profit and Operating Rate - This part includes the production cost, spot production profit, on - paper production profit, national capacity utilization rate, coal - based capacity utilization rate, and gas - based capacity utilization rate [27][28][29] 4. Urea Offshore Price and Export Profit - The section contains the FOB price of small - particle urea in the Baltic Sea, the CFR price of large - particle urea in Southeast Asia, the FOB price of small - particle urea in China, the CFR price of large - particle urea in China, the price difference between the Baltic Sea FOB and China FOB, the price difference between the Southeast Asian CFR and China FOB, urea export profit, and on - paper export profit [34][40][42] 5. Urea Downstream Operating Rate and Orders - It involves the operating rates of compound fertilizers and melamine, and the number of days of pending orders [51][52] 6. Urea Inventory and Warehouse Receipts - This part includes the upstream in - factory inventory, port inventory, the number of days of raw material inventory of downstream urea manufacturers in Hebei, futures warehouse receipts, the trading volume, and the open interest of the main contract [55][58][65] Market Data Price and Basis - On December 22, 2025, the closing price of the main urea contract was 1,698 yuan/ton (+1). The ex - factory price of small - particle urea in Henan was 1,690 yuan/ton (unchanged), in Shandong it was 1,730 yuan/ton (+20), and in Jiangsu it was 1,720 yuan/ton (+20). The price of small - block anthracite was 820 yuan/ton (unchanged). The basis in Shandong was 32 yuan/ton (+19), in Henan it was - 8 yuan/ton (-1), and in Jiangsu it was 22 yuan/ton (+19). The production profit of urea was 151 yuan/ton (+20), and the export profit was 846 yuan/ton (+17) [1] Supply Side - As of December 22, 2025, the capacity utilization rate of enterprises was 80.69% (unchanged). The total inventory of sample enterprises was 117.97 million tons (-5.45 million tons), and the inventory of port samples was 13.80 million tons (+1.50 million tons) [1] Demand Side - As of December 22, 2025, the capacity utilization rate of compound fertilizers was 39.37% (-1.25%), the capacity utilization rate of melamine was 58.55% (-3.31%), and the number of days of advance orders for urea enterprises was 6.24 days (-0.70 days) [1]

液化石油气日报 | 2025-12-23 市场驱动有限，现货氛围平淡 市场分析 1、\t12月22日地区价格：山东市场，4270-4390；东北市场，4240-4300；华北市场，4200-4330；华东市场，4320-4370； 沿江市场，4620-4960；西北市场，4100-4270；华南市场，4440-4530。（数据来源：卓创资讯） 2、\t2026年1月下半月中国华东冷冻货到岸价格丙烷591美元/吨，涨8美元/吨，丁烷581美元/吨，涨8美元/吨，折合 人民币价格丙烷4592元/吨，涨64元/吨，丁烷4514元/吨，涨64元/吨。（数据来源：卓创资讯） 3、\t2026年1月下半月中国华南冷冻货到岸价格丙烷584美元/吨，涨8美元/吨，丁烷574美元/吨，涨8美元/吨，折合 人民币价格丙烷4537元/吨，涨63元/吨，丁烷4460元/吨，涨64元/吨。（数据来源：卓创资讯） 原油端近日从低位反弹，昨日外盘LPG价格，但国内市场反应相对平淡，现货涨跌互现。其中，华东成交价格大 体持稳，上游维持低库存运作，下游采购积极性一般，市场心态观望为主。整体来看，当前LPG市场驱动相对有 限，醚后碳四与民用气价 ...

Report Industry Investment Rating - The investment rating for copper is cautiously bullish [6] Core Viewpoints - High copper prices have dampened downstream demand, but towards the end of the month and year, the supply of crude copper has shrunk, and low TC has forced some smelters to conduct maintenance. The copper market is in a state of weak supply and demand, and copper prices are expected to remain volatile until the end of the calendar year. It is recommended to conduct buy-hedging operations on dips between 91,000 and 91,500 yuan/ton [6][7] Summary by Relevant Catalogs Market News and Important Data Futures Quotes - On December 22, 2025, the main Shanghai copper contract opened at 93,540 yuan/ton and closed at 94,320 yuan/ton, up 1.22% from the previous trading day. In the night session, it opened at 94,030 yuan/ton and closed at 93,920 yuan/ton, down 0.42% from the afternoon closing [1] Spot Situation - According to SMM, the spot price of electrolytic copper was at a discount of 240 - 150 yuan/ton to the current 2601 contract, with an average discount of 195 yuan/ton, down 35 yuan from the previous day. The price range of 1 electrolytic copper was 93,340 - 94,010 yuan/ton. Downstream buyers' willingness to take delivery was low. If the Contango structure of Shanghai copper further expands, the spot discount may continue to widen [2] Important Information Summary - **Macro and Geopolitical Aspects**: Fed Governor Milan warned that if the Fed does not continue to cut interest rates next year, it may face the risk of triggering a recession. Trump will appoint the new Fed Chair in the first week of January next year. The EU extended economic sanctions against Russia for six months until July 31, 2026, and introduced anti-circumvention measures [3] - **Mining End**: In November 2025, China's imports of copper ore and concentrates were 2,526,194.63 tons, up 3.05% month-on-month and 13.13% year-on-year. Peru was the largest source, with imports of 852,528.99 tons, up 29.46% month-on-month and 49.00% year-on-year. Chile was the second-largest source, with imports of 704,595.92 tons, down 8.43% month-on-month and 8.10% year-on-year [3] - **Smelting and Imports**: In November 2025, China's refined copper imports were 304,712.60 tons, down 5.70% month-on-month and 23.47% year-on-year. The Democratic Republic of the Congo was the largest source, with imports of 143,591.77 tons, up 35.14% month-on-month and 8.74% year-on-year. Myanmar was the second-largest source, with imports of 19,774.28 tons, up 154.69% month-on-month and 233.11% year-on-year [4] - **Consumption**: Intensified global AI competition has led to a structural shortage of copper and electricity. High electricity prices in the US may limit the development of its AI industry, but copper's long-term demand is supported [4] Inventory and Warehouse Receipts - LME warehouse receipts decreased by 3,875 tons to 157,750 tons. SHFE warehouse receipts increased by 2,803 tons to 48,542 tons. On December 23, the domestic electrolytic copper spot inventory was 168,400 tons, an increase of 2,600 tons from the previous week [5]

航运日报 | 2025-12-23 关注马士基1月第二周开价情况 市场分析 线上报价方面。 Gemini Cooperation：马士基上海-鹿特丹1月第一周报价1580/2540；HPL12月下半月价格1535/2535，1月上半月报 价2135/3535. 地缘端：马士基集装箱船\"Maersk Sebarok\"号于2025年12月19日完成自2024年1月撤离后首次红海航行，标志其试 探性恢复红海航线。此次复航被视为行业风向标，但马士基强调安全仍是首要前提，全面恢复需循序渐进。美国 国务卿鲁比奥表示，加沙和平进程的下一步应是宣布任命一个和平委员会，并确定将协助管理该飞地的一批技术 官僚团队。 上海国际能源交易中心拟修订《上海国际能源交易中心集运指数(欧线)其期货标准合约》。向社会公开征求意见， 具体内容如下:一是将合约月份由"2、4、6、8、10、12月"调整为"最近1-6个月为连续月份(2月除外)，以及随后两 个季月"。拟挂牌最近1-6个月连续月份合约，便于产业客户精确匹配期货和现货的到期时间、提高套期保值效率; 考虑到2月春节假期期间，集运现货市场较为清淡，拟剔除2月合约;同时，为保持挂牌合约覆盖 ...