Report Overview - Report Title: PTA Daily Report - Report Date: July 29, 2025 - Reported Industry: PTA Industry 1. Investment Rating - No investment rating provided in the report 2. Core View - The PTA market lacks new positive factors. With the overall decline of bulk chemicals and insufficient rebound momentum in the crude oil market, the PTA market is expected to experience a slight decline [6] 3. Summary by Section 3.1 Market Review and Operational Suggestions - **Futures Market**: On the 28th, the closing price of the PTA main futures contract TA2509 was 4,812 yuan/ton, down 90 yuan/ton or 1.84%, with a settlement price of 4,852 yuan/ton and a daily position reduction of 88,775 lots. The closing price of TA2601 was 4,810 yuan/ton, down 60 yuan/ton, with a total volume of 347,535 lots and a decrease of 12,957 lots [6] 3.2 Industry News - **International Oil Prices**: International oil prices closed lower after minor fluctuations. On July 25th, the settlement price of WTI crude oil futures for September 2025 was $65.16 per barrel, down $0.87 or 1.32%. The settlement price of Brent crude oil futures for September 2025 was $68.44 per barrel, down $0.74 or 1.07% [7] - **PX Market**: The assessed price of the PX market in China was $851 - 853 per ton, down $22 per ton from the previous trading day. The assessed price in the South Korean market was $831 - 833 per ton, also down $22 per ton. There were three transactions reported, with September cargoes traded at $855 and $854 per ton, and October cargoes at $848 per ton [7] - **PTA Market in East China**: The PTA price in the East China market was 4,836 yuan/ton, down 58 yuan/ton. The average daily negotiation basis was at a discount of 5 yuan/ton to the futures contract 2509, up 3 yuan/ton [7] 3.3 Data Overview - The report provides multiple data charts, including PTA futures prices, international crude oil futures prices, upstream raw material spot prices, PX prices, MEG prices, PTA processing margins, TA5 - 9 spreads, PTA warehouse receipts, polyester factory load rates, PTA downstream product prices, and PTA downstream product inventories. All data sources are from Wind and the Research and Development Department of CCB Futures [10][11][13]

报告类型 股指日评 日期 2025 年 7 月 29 日 研究员：聂嘉怡(股指) 021-60635735 niejiayi@ccb.ccbfutures.com 期货从业资格号：F03124070 研究员：何卓乔(宏观贵金属) 18665641296 hezhuoqiao@ccb.ccbfutures.com 期货从业资格号：F3008762 研究员：黄雯昕(宏观国债集运) 021-60635739 huangwenxin@ccb.ccbfutures.com 期货从业资格号：F3051589 宏观金融团队 请阅读正文后的声明 ＃summary＃ 每日报告 一、行情回顾与后市展望 1.1 行情回顾： 7 月 28 日，万得全 A 开盘震荡上行后探底回升，收涨 0.36%，超 5 成个股飘 红；指数现货方面，沪深 300、上证 50、中证 500、中证 1000 收盘分别上涨 0.21%、 0.26%、0.38%、0.35%，中小盘股表现更优。指数期货表现弱于现货，IF、IH、IC 主力合约收涨 0.15%、0.32%、0.10%，IM 主力合约收跌 0.06%（按前一交易日收 盘价为基准计算）。 择机加仓。 ...

Report Overview - Report Date: July 29, 2025 [2] - Reported Industry: Oil and Fat [1] - Research Team: Agricultural Product Research Team [4] - Researchers: Yu Lanlan, Lin Zhenlei, Wang Haifeng, Hong Chenliang, Liu Youran [3] 1. Market Review and Operational Suggestions 1.1 Market Review | Contract | Previous Settlement Price | Opening Price | High Price | Low Price | Closing Price | Change | Change Rate | Trading Volume | Open Interest | Open Interest Change | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | P2509 | 8984 | 8936 | 8980 | 8828 | 8946 | -38 | -0.42% | 604377 | 449955 | -6493 | | P2601 | 8972 | 8940 | 8962 | 8814 | 8932 | -40 | -0.45% | 126478 | 172241 | -2218 | | Y2509 | 8160 | 8160 | 8160 | 8062 | 8120 | -40 | -0.49% | 281245 | 490324 | -14314 | | Y2601 | 8114 | 8104 | 8120 | 8022 | 8076 | -38 | -0.47% | 104689 | 384599 | 3856 | | OI2509 | 9441 | 9457 | 9467 | 9330 | 9406 | -35 | -0.37% | 258838 | 201338 | -9445 | | OI2601 | 9388 | 9409 | 9413 | 9280 | 9357 | -31 | -0.33% | 64240 | 111834 | 3489 | [7] 1.2 Basis Price - East China Rapeseed Oil Trader Quotes: 7 - 8 months: OI2509 + 90; 9 - 10 months: OI2509 + 140 for third - grade rapeseed oil; 7 months: OI2509 + 170; 8 months: OI2509 + 190 for first - grade rapeseed oil. - East China Soybean Oil Basis Price: Spot soybean oil: Y2509 + 90; 8 - 9 months: Y2509 + 160; 10 - 1 months: Y2601 + 230. - East China Spot 24 - degree Palm Oil: P09 + 50 yuan/ton, with real - order negotiation. [7] 1.3 Oil and Fat Comments - Palm oil is undergoing high - level adjustments, mainly due to the drag of Malaysian palm oil trends and concerns about continuous growth in port inventories. From July 1 to 25, palm oil exports decreased by 9.2% - 15.2% month - on - month, leading to concerns about inventory backlog. The production increase and weak demand are pressuring palm oil prices. - Rapeseed oil is affected by both sufficient domestic supply and policies, with a weak basis. Attention should be paid to far - month ship purchases. - Soybean oil continues to trade in the range of 7800 - 8200. Supply is abundant, and it is the off - season for demand. Its price is mainly determined by the cost of imported soybeans. - The basis of the three major domestic oils in the spot market has limited room for significant downward adjustment in the later period. It is advisable to appropriately buy far - month basis. The oils are expected to maintain a range - bound trend, with recent rotation of varieties for speculation. Risk control should be noted. [8] 2. Industry News - The Indonesian Palm Oil Association (GAPKI) reported that due to a surge in exports, Indonesia's palm oil inventory at the end of May decreased by 4.27% month - on - month to 2.9 million tons. In May, Indonesia exported 2.66 million tons of palm oil (including refined products), a nearly 50% month - on - month increase. - The Malaysian Palm Oil Association (MPOA) stated that from July 1 - 20, 2025, Malaysia's palm oil production increased by 11.24% month - on - month. Production in Peninsular Malaysia increased by 18.95% month - on - month, while in Sabah it decreased by 0.14% month - on - month, in Sarawak it increased by 0.41% month - on - month, and in East Malaysia it increased by 0.01% month - on - month. [9] 3. Data Overview - AmSpec Agri data showed that Malaysia's palm oil product exports from July 1 - 25, 2025, were 896,484 tons, a 15.2% decrease compared to the same period in June. ITS data indicated that Malaysia's palm oil exports from July 1 - 25 were 1,029,585 tons, a 9.2% decrease compared to June 1 - 25. - The Southern Palm Oil Millers Association of Malaysia (SPPOMA) data showed that from July 1 - 20, Malaysia's palm oil production increased by 6.19% month - on - month, with fresh fruit bunch (FFB) yield increasing by 7.03% month - on - month and oil extraction rate (OER) decreasing by 0.16% month - on - month. - The European Commission data showed that as of July 20, EU's soybean imports in the 2025/26 season (starting July 1) were 519,609 tons, a 32% year - on - year decrease. As of July 20, EU's palm oil imports in the 2025/26 season were 90,000 tons, a 53% year - on - year decrease. [16]

Report Overview - Reported Industry: Cotton [1] - Date: July 29, 2025 [2] - Research Analysts: Yulan Lan, Zhenlei Lin, Haifeng Wang, Chenliang Hong, Youran Liu [3] Core Views - Zhengzhou cotton reduced positions and declined. The spot cotton price index for Grade 328 was 15,609 yuan/ton, up 60 yuan/ton from the previous trading day. The market price of pure cotton yarn increased, but the downstream demand was difficult to boost. Spinning mills were still suffering significant losses, and the operating rate continued to decline due to high temperatures in the inland areas. The market for pure cotton grey cloth was sluggish, with mostly small and urgent orders [7]. - Macroscopically, the US and the EU reached a 15% tariff agreement, and the market was concerned about the China-US talks in Stockholm. Internationally, the drought coverage remained low, and the net long position of CFTC funds increased slightly week-on-week. The external market had limited driving force and maintained a range-bound operation. Domestically, the actual sown area increased year-on-year, and the overall expectation of a bumper harvest remained. The downstream spinning mills had a cold demand for cotton raw materials, but the overall rigid demand still existed. The operating rate of inland spinning mills had dropped to a relatively low level and was expected to continue to decline. In the short term, the main contract reduced positions and shifted months, with a shock adjustment, and the 9-1 spread continued to converge [8]. Summary by Section 1. Market Review and Operation Suggestions - Zhengzhou cotton reduced positions and declined. The latest cotton price index for Grade 328 was 15,609 yuan/ton, up 60 yuan/ton from the previous trading day. The sales basis of 2024/25 northern Xinjiang machine-picked cotton (4129/29B/impurity within 3.5) was mostly in the range of CF09 + 1350 - 1500. Some 2023/24 Xinjiang Production and Construction Corps machine-picked cotton (3129/29B) was quoted at 15,600 - 15,700 yuan/ton or above. The basis of machine-picked cotton in Kashgar, southern Xinjiang (Grade 31, double 29) was mostly quoted in the range of CF09 + 1050 - 1250, with a small amount lower than this price. The sales basis of the same quality machine-picked cotton in southern Xinjiang in the 2023/24 season was mainly in the range of CF09 + 900 - 1100, all for self-pickup in Xinjiang [7]. - The market price of pure cotton yarn increased, but the downstream demand was difficult to boost. Spinning mills were still suffering significant losses, and the operating rate continued to decline due to high temperatures in the inland areas. The market for pure cotton grey cloth was sluggish, with mostly small and urgent orders [7]. - Macroscopically, the US and the EU reached a 15% tariff agreement, and the market was concerned about the China-US talks in Stockholm. Internationally, the drought coverage remained low, and the net long position of CFTC funds increased slightly week-on-week. The external market had limited driving force and maintained a range-bound operation. Domestically, the actual sown area increased year-on-year, and the overall expectation of a bumper harvest remained. The downstream spinning mills had a cold demand for cotton raw materials, but the overall rigid demand still existed. The operating rate of inland spinning mills had dropped to a relatively low level and was expected to continue to decline. In the short term, the main contract reduced positions and shifted months, with a shock adjustment, and the 9-1 spread continued to converge [8] 2. Industry News - As of July 24, the number of deliverable No. 2 cotton futures contracts on ICE was 21,617 bales, compared with 21,635 bales on the previous trading day. According to CFTC data, as of July 22, 2025, the net long position ratio of ICE cotton futures funds was -18.94% (up 3.97 percentage points week-on-week, and up 3.97 percentage points last week) [9]. - According to the statistics of the Pakistan Cotton Ginners Association (PCGA), as of July 15, 2025, the cumulative new cotton listing volume in Pakistan for the 2025/26 season reached 46,000 tons, a year-on-year decrease of 22%. Among them, textile mills purchased 39,000 tons, and the unsold new cotton was 2,000 tons [9]. 3. Data Overview - The report presented various data charts, including the China Cotton Price Index, cotton spot price, cotton futures price, cotton basis change, CF1-5 spread, CF5-9 spread, CF9-1 spread, cotton commercial inventory, cotton industrial inventory, and warehouse receipt volume, as well as exchange rate data such as the US dollar against the Chinese yuan and the US dollar against the Indian rupee [17][18][23]

Date - The date of the report is July 29, 2025 [2] Research Team - The Energy and Chemical Research Team includes researchers Li Jie, CFA (Crude Oil and Fuel Oil), Ren Junchi (PTA/MEG), Peng Haozhou (Industrial Silicon/Polycrystalline Silicon), Peng Jinglin (Polyolefins), and Liu Youran (Pulp) [3] Market Performance Futures Market - The main contract price of industrial silicon futures closed at the daily limit down. The Si2509 contract closed at 8,915 yuan/ton, down 8%. The trading volume was 683,704 lots, and the open interest was 279,057 lots, a net decrease of 44,257 lots [4] Spot Market - The spot price of industrial silicon continued to rise. The price of Inner Mongolia 553 was 9,550 yuan/ton, and that of Sichuan 553 was 9,050 yuan/ton. The price of Inner Mongolia 421 was 9,900 yuan/ton, that of Xinjiang 421 was 9,900 yuan/ton, and that of Sichuan 421 was 10,500 yuan/ton [4] Market Outlook - The fundamentals have not changed significantly recently. The resumption of production in the southwest offset the production cuts of large factories in Xinjiang, and the output in the fourth week of July increased to 75,200 tons. Photovoltaic demand increased slightly due to the resumption of production of polysilicon enterprises, but the overall self - inspection of the organic silicon industry due to safety accidents has not significantly improved the supply - demand relationship. Since the end of June, the first - stage rebound of industrial silicon's futures and spot prices was mainly affected by the news of production cuts by Xinjiang Hesheng, and the second stage was mainly due to the resonance of the "anti - involution" competition policy. The repeated hitting of the daily limit down was mainly due to the panic selling of long - position holders after the reversal of policy - stimulated sentiment. Generally speaking, the recent price fluctuations are not related to the fundamentals. The current spot price (553) range is still between 9,000 - 9,500 yuan/ton. There is obvious panic sentiment among short - term long - position holders, and the number of warehouse receipts has increased again at high prices. After a short - term decline, the price will be supported by the spot price and subsequent policies. Overall, the price will fluctuate widely [5] Market News - On July 28, the number of futures warehouse receipts on the Guangzhou Futures Exchange was 50,113 lots, a net increase of 403 lots from the previous trading day [6] - The export volume of industrial silicon in June was 68,323 tons, and the cumulative export volume from January to June was 338,900 tons, with an average monthly export volume of 56,500 tons [6] - On July 23, the National Energy Administration released the national power industry statistics for January - June. As of the end of June, the cumulative installed power generation capacity nationwide was 3.65 billion kilowatts, a year - on - year increase of 18.7%. Among them, the installed capacity of solar power generation was 1.1 billion kilowatts, a year - on - year increase of 54.2%; the installed capacity of wind power was 570 million kilowatts, a year - on - year increase of 22.7%. From January to June, the average utilization hours of national power generation equipment was 1,504 hours, a decrease of 162 hours compared with the same period last year. In June, the newly installed photovoltaic capacity was only 14.36GW, a year - on - year decrease of 38% and a month - on - month decrease of 85% [6]

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core Viewpoints - The international trade and currency system restructuring and reserve diversification needs will support the long - term bull market of gold, and Trump's reforms and central bank rate - cut expectations will support the medium - term bull market. However, high price and PE ratio lead to increased volatility, and the impact of the US fiscal expansion bill and inflation on the Fed's rate - cut timing in Q3 should be noted. It is recommended to hold a long - term view with medium - low positions [6]. - In the short term, London gold will continue to oscillate between $3120 - $3500 per ounce, waiting for the next upward breakthrough. Traders with a bearish view can consider the "long gold, short silver" arbitrage opportunity when silver's upward momentum fades [6]. 3. Summary by Directory 3.1 Precious Metals Market Quotes and Outlook - **Intraday Market**: After Trump's meeting with Fed Chairman Powell, market concerns about the Fed's independence and US fiscal discipline eased. Also, the trade situation improved, reducing the safe - haven demand. London gold fell from $3430 to around $3310 per ounce, and silver, with strong industrial attributes, also declined. Gold's safe - haven demand is boosted by Trump's new policies. It is recommended to hold a long - term view with medium - low positions. This week, pay attention to important economic events and data [4]. - **Domestic Precious Metals Market**: Shanghai Gold Index closed at 776.35, down 0.30%; Shanghai Silver Index closed at 9225, down 1.89%; Gold T + D closed at 771.60, down 0.26%; Silver T + D closed at 9187, down 1.97% [5]. - **Medium - term Market**: Since late April, London gold has been oscillating between $3100 - $3500 per ounce. International trade cooling and the US fiscal expansion bill weakened gold's demand, but Trump's new policies and geopolitical risks supported the price. The gold - silver ratio has returned to the pre - April level. It is expected that London gold will continue to oscillate in the $3120 - $3500 per ounce range in the short term [6]. 3.2 Precious Metals Market - related Charts The report provides multiple charts, including Shanghai gold and silver futures indices, London gold and silver spot prices, Shanghai futures index basis against Shanghai Gold T + D, gold and silver ETF holdings, gold - silver ratio, and the correlation between London gold and other assets, with data from Wind and the research and development department of CCB Futures [8][10][16]. 3.3 Major Macro Events/Data - The US and the EU reached a framework trade agreement, with a 15% import tariff on most EU goods, half of the threatened rate. The EU plans to invest about $600 billion in the US and increase purchases of US energy and military equipment [17]. - Thailand and Cambodia will hold a mediation meeting on border conflicts in Malaysia, with Thailand's acting prime minister and Cambodia's prime minister attending [17]. - The US government will announce the results of a national security investigation on semiconductor imports in two weeks [17]. - US core capital goods orders unexpectedly declined in June, but shipments increased slightly, indicating a significant slowdown in business equipment spending in Q2 [17].

Group 1: Report Information - Report title: Sugar Daily Report [1] - Date: July 29, 2025 [2] - Researcher: Wang Haifeng, Lin Zhenlei, Yu Lanlan, Hong Chenliang, Liu Youran [3] Group 2: Market Review and Operation Suggestions Futures Market Conditions - New York raw sugar futures weakened on Friday. The main October contract closed down 1.75% at 16.28 cents per pound. The London ICE white sugar futures main October contract closed down 1.9% at $471.00 per ton. The market predicts that Brazil's latest sugar production will increase due to dry weather, but overall, there is a high possibility of a production cut in Brazil [6][7]. - Zhengzhou sugar's main contract was weak yesterday. The 09 contract closed at 5,845 yuan per ton, down 31 yuan or 0.53%, with a position reduction of 18,873 lots. The spot price in domestic producing areas declined slightly. Nanning sugar was quoted at 6,060 yuan, and Kunming sugar was quoted at 5,850 yuan. Today, Zhengzhou sugar's trend was influenced by the external market and weakened. The far - month 01 contract was significantly stronger, and speculative funds showed a clear intention to go long. The 9 - 1 spread may further shrink [7][8]. Contract Details | Contract | Closing Price (Yuan/Ton or Cents/Pound) | Change | Change Rate | Position (Lots) | Increase/Decrease | | --- | --- | --- | --- | --- | --- | | SR509 | 5845 | -31 | -0.53% | 324831 | -18873 | | SR601 | 5702 | | | | | | 10 | 16.28 | | | | | 398579 | -2410 | | US Sugar | 16.90 | | | | | 223083 | 2296 | [7] Group 3: Industry News - As of July 25, Tiandong Ertang Factory's "Dongxing" brand cleared its inventory, becoming the 7th sugar factory of Guangxi Nanhua to clear its inventory in the 24/25 sugar - making season, 2 more than the same period last year. Currently, only Longtian and Mianhuahua brands are still quoting [9]. - The "Mutual Recognition Arrangement between the General Administration of Customs of the People's Republic of China and the Customs Department of the Kingdom of Thailand on the Mutual Recognition of China's Customs Enterprise Credit Management System and Thailand's Customs 'Authorized Economic Operator' System" will be officially implemented on August 1, 2025 [9]. - Coca - Cola will launch a signature cola product using sucrose in the US market this fall [9]. - The European crop monitoring agency MARS lowered its forecast for the average sugar beet yield in the EU in 2025 to 74.8 tons per hectare, down from 76.3 tons per hectare last month, but still 2% higher than the average of the past five years [9]. - In June 2025, China imported 11.55 tons of syrup and premixed powder (including tax codes 1702.90, 2106.906), a year - on - year decrease of 10.35 tons. From January to June 2025, China imported 45.91 tons of syrup and premixed powder, a year - on - year decrease of 49.24 tons. As of June in the 24/25 sugar - making season, China imported 109.83 tons of syrup and premixed powder, a year - on - year decrease of 26.95 tons [9]. - In June 2025, China imported 42 tons of sugar, a year - on - year increase of 39.23 tons. From January to June 2025, China imported 105.08 tons of sugar, a year - on - year decrease of 25.12 tons, a decline of 19.29%. As of June in the 24/25 sugar - making season, China imported 251.26 tons of sugar, a year - on - year decrease of 64.93 tons, a decline of 20.54% [9][10]. Group 4: Data Overview - The report presents data on spot trends, 2509 contract basis, SR9 - 1 spread, Brazilian raw sugar import profit, Zhengzhou Commodity Exchange warehouse receipts, Brazilian real exchange rate, and the trading and position of the top 20 seats of the main Zhengzhou sugar contract [11][13][15] - The trading volume of the top 20 seats of the main Zhengzhou sugar contract was 298,040 lots, an increase of 53,256 lots. The long - position volume was 242,931 lots, a decrease of 10,763 lots. The short - position volume was 231,782 lots, a decrease of 10,343 lots [21]

行业 纸浆日报 日期 2025 年 7 月 29 日 021-60635570 liuyouran@ccb.ccbfutures.com 期货从业资格号：F03094925 021-60635738 lijie@ccb.ccbfutures.com 期货从业资格号：F3031215 021-60635737 renjunchi@ccb.ccbfutures.com 期货从业资格号：F3037892 021-60635727 penghaozhou@ccb.ccbfutures.com 期货从业资格号：F3065843 021-60635740 pengjinglin@ccb.ccbfutures.com 期货从业资格号：F3075681 021-60635730 lijin@ccb.ccbfutures.com 期货从业资格号：F3015157 021-60635727 fengzeren@ccb.ccbfutures.com 期货从业资格号：F03134307 能源化工研究团队 研究员：刘悠然（纸浆） 研究员:李捷,CFA（原油沥青） 研究员：任俊弛（PTA、MEG） 研究员：彭浩洲（工业硅多晶硅） 研究员 ...

1. Report Information - Report Name: Polyolefin Daily Report [1] - Date: July 29, 2025 [2] 2. Industry Investment Rating - Not mentioned in the report 3. Core Viewpoints - Futures markets for plastics and PP showed declines, with market sentiment weakening. The supply - demand pattern remained unimproved, with supply increasing and demand not keeping up. After short - term market sentiment digestion, the market is expected to face downward pressure, and attention should be paid to the introduction of specific plans for stable growth [6] 4. Summary by Directory 4.1 Market Review and Outlook - **Futures Market Performance**: The plastics and PP futures contracts all closed lower. For example, plastic 2601 closed at 7400 yuan/ton, down 1.12%; PP2601 closed at 7136 yuan/ton, down 1.18%. The trading volume of plastic 2509 was 389,000 lots, and its open interest decreased by 20,147 to 346,401 lots. The open interest of PP decreased by 29,838 to 325,800 lots [5][6] - **Supply - Demand Situation**: Supply is on the rise as planned maintenance capacity decreases, some previous units are restarted, and new projects like Ningbo Daxie Phase II are planned for production. Demand is weak, with agricultural film demand at a seasonal low, stable开工 in pipes and plastic weaving, slightly improved orders in daily chemicals and food, but longer production order days and low downstream acceptance of high - priced products, leading to inventory accumulation [6] 4.2 Industry News - **Inventory**: On July 28, 2025, the inventory of major producers was 750,000 tons, a decrease of 15,000 tons (1.96%) from the previous working day, compared with 710,000 tons in the same period last year [7] - **Market Prices**: PE market prices fluctuated slightly. LLDPE prices in North China were 7230 - 7450 yuan/ton, in East China 7300 - 7650 yuan/ton, and in South China 7400 - 7650 yuan/ton. Shandong propylene market prices dropped 45 yuan/ton to 6170 - 6220 yuan/ton. PP market prices fell 20 - 50 yuan/ton, with different price ranges in North, East, and South China [7] 4.3 Data Overview - The report presents multiple data charts, including L basis, PP basis, L - PP spread, crude oil futures settlement price, two - oil inventory, and two - oil inventory year - on - year change rate, with data sources from Wind and Zhuochuang Information [10][12][14]

021-60635736 期货从业资格号：F3033782 投资咨询证书号：Z0014484 021-60635735 niejiayi@ccb.ccbfutures.com 期货从业资格号：F03124070 021-60635727 fengzeren@ccb.ccbfutures.com 期货从业资格号：F03134307 表2：7月25日黑色系期货持仓情况（单位：手、%） 报告类型 焦炭焦煤日评 日期 2025 年 7 月 28 日 黑色金属研究团队 研究员：翟贺攀 zhaihepan@ccb.ccbfutures.com 研究员：聂嘉怡 研究员：冯泽仁 请阅读正文后的声明 ＃summary＃ 每日报告 | | | | | | 表1：7月25日焦炭焦煤期货主力合约价格、成交及持仓情况（单位：元/吨、手、亿元） | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 合约 代码 | 前收 盘价 | 开盘价 | 最高价 | 最低价 | 收盘价 | 涨跌幅 | 成交量 | 持仓量 | 持仓量 变化 | ...