Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Report's Core View No clear core view presented in the given content. The report mainly shows the performance data of global asset markets. 3. Summary by Related Catalogs Global Asset Market Performance - **10 - Year Treasury Yields**: On August 14, 2025, the 10 - year Treasury yields of major economies varied. For example, the US was 4.286%, the UK was 4.639%. The latest changes, weekly changes, monthly changes, and annual changes also differed among countries. For instance, the US had a latest change of 0.051, a weekly change of 0.035, a monthly change of - 0.167, and an annual change of 0.393 [3]. - **2 - Year Treasury Yields**: The 2 - year Treasury yields of major economies on August 14, 2025, were as follows: the US was 3.720, the UK was 3.904. The changes in different time - spans were also provided, such as the US having a latest change of - 0.040, a weekly change of 0.000, a monthly change of - 0.160, and an annual change not fully shown [3]. - **Exchange Rates**: The US dollar's exchange rates against major emerging economies' currencies on August 14, 2025, were presented, like 5.417 against the South African zar. The latest, weekly, monthly, and annual changes were given, e.g., the South African zar had a latest change of - 0.14%, a weekly change of - 2.32%, a monthly change of - 4.34% [3]. - **Stock Indices**: On August 14, 2025, major economies' stock indices had different values. For example, the Dow Jones was 6468.540, the S&P 500 was 44911.260. The latest, weekly, monthly, and annual changes were also provided, such as the Dow Jones having a latest change of 0.03%, a weekly change of 2.03%, a monthly change of 23.44%, and an annual change not fully shown [3]. - **Credit Bond Indices**: The credit bond indices of different regions and types had various changes. For example, the emerging economies' investment - grade credit bond index had a latest change of - 0.28%, a weekly change of 0.05%, a monthly change of 1.74%, and an annual change of 4.89% [4]. Stock Index Futures Trading Data - **Index Performance**: The closing prices and percentage changes of A - shares, CSI 300, SSE 50, ChiNext, and CSI 500 were presented. For example, the closing price of A - shares was 3666.44 with a - 0.46% change [5]. - **Valuation**: The PE (TTM) and their环比 changes of CSI 300, SSE 50, CSI 500, S&P 500, and German DAX were given. For example, the PE (TTM) of CSI 300 was 13.42 with a 0.00环比 change [5]. - **Risk Premium**: The risk premiums (1/PE - 10 interest rate) and their环比 changes of some indices were provided, such as the S&P 500 having a risk premium of - 0.64 with a - 0.05环比 change [5]. - **Fund Flow**: The latest values and 5 - day average values of fund flows for A - shares, main board, SME board, ChiNext, and CSI 300 were shown. For example, the latest fund flow of A - shares was - 1980.11 [5]. - **Trading Volume**: The latest trading volumes and环比 changes of Shanghai and Shenzhen stock markets, CSI 300, SSE 50, SME board, and ChiNext were presented. For example, the latest trading volume of Shanghai and Shenzhen stock markets was 22792.09 with a 1282.72环比 change [5]. - **Main Contract Premium/Discount**: The basis and percentage of premium/discount of IF, IH, and IC were given. For example, the basis of IF was - 9.51 with a - 0.23% magnitude [5]. Treasury Futures Trading Data - The closing prices and percentage changes of Treasury futures T00, TF00, T01, TF01 were presented. For example, the closing price of T00 was 108.325 with a 0.01% change [6]. - The money market's capital interest rates (R001, R007, SHIBOR - 3M) and their daily changes (BP) were provided. For example, R001 was 1.3518% with a - 12.00 BP daily change [6].

Report Overview - The report is a steel morning report released by the Black Team of the Research Center on August 15, 2025, covering aspects such as spot prices, price and profit, production and inventory, basis and spreads [1] Spot Prices Rebar - Spot prices of rebar in different regions (Beijing, Shanghai, Chengdu, Xi'an, Guangzhou, Wuhan) showed varying degrees of decline from August 8 to August 14, with decreases ranging from 20 to 70 yuan [1] Hot - Rolled Coils - For hot - rolled coils in Tianjin, Shanghai, and Lecong, the price changes were relatively small, with 0 yuan in Tianjin, - 20 yuan in Shanghai, and - 10 yuan in Lecong from August 8 to August 14 [1] Cold - Rolled Coils - Cold - rolled coils in Tianjin, Shanghai, and Lecong also had price fluctuations, with a decrease of 70 yuan in Tianjin, 0 yuan in Shanghai, and - 30 yuan in Lecong from August 8 to August 14 [1]

Group 1: Report Industry Investment Rating - There is no information provided regarding the report industry investment rating in the given content. Group 2: Core View of the Report - This week, the absolute price of crude oil dropped to $65 per barrel for Brent. The monthly spreads of crude oil in the three markets slightly declined. Geopolitical uncertainties resurfaced due to the possible misunderstanding of Russia's cease - fire requirements by the US envoy and Iran's actions. Fundamentally, global oil inventories increased this week, with a slight reduction in US commercial crude oil and refined products inventories. After the crude oil price decline, global refinery profits rebounded. The near - term crude oil fundamentals are volatile. Supply faces a decline risk due to sanctions on Iran and Russia, OPEC+ oil exports are expected to accelerate, and refinery operations in the third quarter are expected to be stronger than anticipated, supporting the monthly spread. However, the peak of the global supply - demand fundamentals has passed, and the absolute price of crude oil is expected to remain in a volatile pattern, with a forecasted decline to $55 - 60 per barrel in the fourth quarter. Attention should be paid to the impact of US tariff policies on the global economy and the non - OPEC production start - up rhythm [5]. Group 3: Summary by Relevant Catalogs 1. Oil Price Data - From August 8 to August 14, 2025, WTI crude oil price increased by $1.31, BRENT by $1.21, and DUBAI by $0.76. Other related prices such as NYMEX RB, domestic gasoline, and domestic diesel also had corresponding changes [3]. 2. Daily News - The "Putin - Trump meeting" is set to be held at an Alaska US military base, with no plan to sign a results document. The US Treasury issued a waiver for the meeting. The uncertainty of the US - Russia peace negotiation increases the bullish risk premium for oil prices. Indian state - owned refineries are inquiring about purchasing Russian oil as the discount improves. Despite increased drone attacks on Russian refineries, Russia's oil product exports increased in early August, with fuel oil shipments reaching the highest level since the conflict began, offsetting the decline in diesel shipments [4][5]. 3. Regional Fundamentals - The EIA report shows that in the week of August 8, US crude oil exports increased by 259,000 barrels per day to 3.577 million barrels per day, domestic crude oil production increased by 43,000 barrels to 13.327 million barrels per day, commercial crude oil inventories (excluding strategic reserves) increased by 3.036 million barrels to 427 million barrels (a 0.72% increase), and strategic petroleum reserve (SPR) inventories increased by 226,000 barrels to 403.2 million barrels (a 0.06% increase). From July 25 - 31, the operating rate of major refineries in China slightly increased, and that of Shandong local refineries remained basically flat. China's refinery output showed a decline in gasoline and an increase in diesel, with corresponding changes in inventories and profits [5].

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Report's Core View - Methanol: This week, it fluctuated with coal. Its fundamental situation changed little, still in the process of inventory accumulation, with high imports and normal valuation. It is expected to fluctuate in the short term [2]. - Polyethylene (PE): The inventory of major producers is neutral year - on - year. Upstream producers are accumulating inventory, while coal - chemical enterprises are reducing inventory. The import profit is around - 100 with no further increase for now. The non - standard HD injection price is stable, and the LD price is weakening. In August, the number of maintenance projects decreased month - on - month, and the domestic linear production increased. Attention should be paid to the LL - HD conversion and new device commissioning [5]. - Polypropylene (PP): The upstream inventory of major producers is increasing, while the middle - stream inventory is decreasing. The basis is - 60, the non - standard price difference is neutral, and the import profit is around - 800. Exports have been good this year. The PDH profit is around - 200. Supply is expected to increase slightly in June. If exports continue to grow or PDH device maintenance increases, the supply pressure can be alleviated [5]. - Polyvinyl Chloride (PVC): The basis remains at 09 - 150, and the downstream start - up rate is seasonally weakening. The inventory of upstream and mid - stream enterprises is decreasing at a slower pace. Attention should be paid to production commissioning and export sustainability from July to August. The current static inventory contradiction is accumulating slowly, and costs are stabilizing [5]. 3. Summary by Product Methanol - **Price Data**: From August 8th to 14th, the daily change of动力煤期货is 0,江苏现货decreased by 25,华南现货decreased by 23, etc. [2] - **Market Situation**: It follows coal price fluctuations, with little change in its own fundamentals, still in inventory accumulation, with high imports and normal valuation, and short - term oscillation is expected [2]. Polyethylene (PE) - **Price Data**: From August 8th to 14th,东北亚乙烯increased by 5,华北LL decreased by 25, etc. [5] - **Market Situation**: The overall inventory is neutral, the basis in North China is around - 150 and - 100 in East China. The import profit is around - 100. The non - standard HD injection price is stable, and the LD price is weakening. The number of maintenance projects decreased in August, and domestic linear production increased [5]. Polypropylene (PP) - **Price Data**: From August 8th to 14th,山东丙烯decreased by 50,华东PP decreased by 20, etc. [5] - **Market Situation**: Upstream inventory is increasing, mid - stream inventory is decreasing. The basis is - 60, the non - standard price difference is neutral, and the import profit is around - 800. Exports have been good. The PDH profit is around - 200, and supply is expected to increase slightly in June [5]. Polyvinyl Chloride (PVC) - **Price Data**: From August 8th to 14th,西北电石decreased by 50,山东烧碱increased by 10,电石法 - 华东decreased by 40 [5]. - **Market Situation**: The basis remains stable, the downstream start - up rate is seasonally weakening. The inventory of upstream and mid - stream enterprises is decreasing at a slower pace. Attention should be paid to production commissioning and export sustainability from July to August [5].

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints No clear core viewpoints are presented in the given content. 3. Content Summaries by Relevant Aspects SP Main Contract Price - The closing price of the SP main contract on August 14, 2025, was 5318.00, with a daily increase of 0.30177%. The closing prices on previous days were 5302.00 (Aug 13), 5264.00 (Aug 12), 5246.00 (Aug 11), and 5162.00 (Aug 08) [3]. - The converted US - dollar prices on these days were 647.46 (Aug 14), 645.26 (Aug 13), 639.19 (Aug 12), 637.80 (Aug 11), and 627.38 (Aug 08) [3]. - The basis for Shandong Yinxing on these days were 542 (Aug 14), 558 (Aug 13), 586 (Aug 12), 604 (Aug 11), and 673 (Aug 08), and for Jiangsu, Zhejiang, and Shanghai Yinxing were 582 (Aug 14), 598 (Aug 13), 636 (Aug 12), 654 (Aug 11), and 738 (Aug 08) [3]. Pulp Import Price and Profit - With a 13% VAT calculation, for Canadian pulp, the CFR price of Golden Lion was 780 US dollars, with an import profit of 60.36 yuan in Shandong; the CFR price of Lion was 730 US dollars, with an import loss of 359.53 yuan in Shandong. For Chilean pulp, the CFR price of Yinxing (90 - day letter of credit) was 720 US dollars, with an import loss of 43.51 yuan in Shandong [4]. Pulp and Paper Product Prices and Margins - From August 8 to August 14, 2025, the national average prices of softwood pulp, hardwood pulp, natural pulp, and chemimechanical pulp remained unchanged, as did the average prices in Shandong [4]. - The indices of cultural paper (double - offset, double - copper), packaging paper (white card), and living paper remained unchanged from August 11 to August 14, 2025 [4]. - The estimated profit margins of double - offset paper decreased from 6.3015% on August 11 to 4.8347% on August 14; double - copper paper decreased from 24.1238% to 22.6500%; white card paper remained at a loss of around - 12%; and living paper decreased from 7.7189% to 6.7640% [4]. Pulp Price Spreads - From August 8 to August 14, 2025, the price spreads between softwood and hardwood pulp decreased from 1700 to 1660; between softwood and natural pulp increased from 435 to 460; between softwood and chemimechanical pulp increased from 2010 to 2035; and between softwood pulp and waste paper increased from 4259 to 4284 [4].

Group 1: Price Performance - The latest prices of London Gold, London Silver, London Platinum, London Palladium, WTI Crude Oil, and LME Copper are 3343.85, 38.32, 1337.00, 1122.00, 63.96, and 9774.00 respectively, with changes of -20.55, -0.29, 1.00, -20.00, 1.31, and -68.00 [2] - The latest values of the US Dollar Index, Euro to US Dollar, British Pound to US Dollar, and US Dollar to Japanese Yen are 98.20, 1.16, 1.35, and 147.75 respectively, with changes of 0.42, -0.01, -0.00, and 0.37 [2] Group 2: Trading Data - The latest inventory of SHFE Silver is 1150.78, with a change of 15.68; the latest value of Gold ETF holdings is 961.36, with a change of -2.86; the latest value of Silver ETF holdings is 15071.31, with a change of -28.25 [3] - The deferred fee payment directions of SGE Silver and SGE Gold are both 1, with no change [3]

Report Industry Investment Rating No relevant content provided. Core Viewpoints - The overall view on copper prices is bullish, and attention can be paid to the opportunity of long overseas and short domestic positions in the remaining time of the third quarter [1]. - For aluminum, short - term fundamentals are acceptable. Hold at low prices under the low - inventory pattern, and pay attention to far - month inter - month and long overseas and short domestic positions; in the long term, pay attention to actual demand as overseas supply is the main variable [2]. - For zinc, in the short term, it shows a pattern of strong overseas and weak domestic. It is recommended to wait and see and focus on the sustainability of commodity sentiment. Long overseas and short domestic positions can be continued to hold, and attention can be paid to the opportunity of inter - month long positions [3]. - For nickel, the short - term real - world fundamentals are average. The opportunity for the contraction of the nickel - stainless steel price ratio can continue to be monitored [8]. - For stainless steel, the fundamentals remain weak overall. In the short term, the macro - level follows the anti - involution expectations, and attention should be paid to the later policy direction [12]. - For lead, it is expected that battery manufacturers will replenish their stocks next week, and the center of lead prices will rise [13]. - For tin, in the short term, it is recommended to lightly short at high prices as there are both raw material supply disturbances and consumption decline expectations [14]. - For industrial silicon, in the short term, the supply - demand balance has been achieved in August, and it may turn to surplus if one of the southwest region or Hesheng reaches full production. In the long - term, it will oscillate at the bottom of the cycle [17]. - For lithium carbonate, in the short term, the price has a large upward elasticity. In the long - term, if the resource - end disturbance risk is resolved, it will still oscillate at a low level [19]. Summary by Metal Copper - In the first half of the week, copper prices were supported around 78,000 yuan, and downstream purchasing improved. In the second half of the week, with the decline of the US dollar index and low domestic refined - scrap spreads, copper prices were strong, attempting to break through 79,000 yuan on Friday night [1]. Aluminum - Supply increased slightly, with aluminum ingot imports providing an increment from January to May. August is a seasonal off - peak for demand, with weak aluminum product exports, a decline in the photovoltaic sector, and some downstream production cuts. Overseas demand declined significantly. In August, inventory is expected to continue to accumulate slightly [2]. Zinc - This week, zinc prices fluctuated widely. On the supply side, domestic TC has difficulty rising, while imported TC is rising slowly. In August, the increase in smelting production was further realized. On the demand side, domestic demand weakened seasonally, and most spot prices outside Shanghai turned to discounts. Overseas, European demand is average, but some smelters face production resistance due to processing fees. Domestic social inventory is rising, while overseas LME inventory is decreasing rapidly [3]. Nickel - On the supply side, pure nickel production remains at a high level. On the demand side, it is generally weak, and the premium has been stable recently. In terms of inventory, both domestic and overseas nickel plate inventories remain unchanged [8]. Stainless Steel - On the supply side, some steel mills have cut production passively, and some in the north are affected by the parade. On the demand side, it is mainly driven by rigid demand, and some restocking has increased due to the macro - environment. In terms of cost, the prices of nickel - iron and chrome - iron remain stable. In terms of inventory, inventories in Xijiao and Foshan have decreased slightly, and exchange warehouse receipts remain unchanged [12]. Lead - This week, lead prices declined. On the supply side, the scrap volume is weak year - on - year, and the supply of waste batteries is tight. The recycling rate of recycled lead remains low. On the demand side, the inventory of finished batteries is high, and the market's expectation of the peak season has fallen short of reality. The domestic social inventory is rising, and LME registered warehouse receipts have decreased [13]. Tin - This week, tin prices fluctuated widely. On the supply side, the processing fees at the mine end are low, and some domestic smelters are reducing production and entering the maintenance period. Overseas, there are signals of复产 in Wa State, but the recruitment is difficult. On the demand side, the elasticity of solder is limited, and the terminal electronics and photovoltaic sectors are expected to slow down. Domestic inventory is rising, while overseas LME inventory is at a low level, with a risk of short - squeezing [14]. Industrial Silicon - In the short term, the supply - demand balance has been achieved in August, and it may turn to surplus if one of the southwest region or Hesheng reaches full production. In the long - term, the over - capacity situation is still serious, and it will oscillate at the bottom of the cycle [17]. Lithium Carbonate - In the short term, due to resource - end compliance disturbances and the approaching downstream peak season, the price has a large upward elasticity. In the long - term, if the resource - end risk is resolved, it will still oscillate at a low level [19].

Group 1: Report Industry Investment Rating - Not provided Group 2: Core View of the Report - The current main contradictions in the EC market are the decline slope during the off - season, uncertainties in geopolitics and tariffs, and the repeated domestic macro - sentiment. It is recommended to continue holding short positions on the October contract and maintain the logic of shorting on rallies [2] Group 3: Summary Based on Relevant Contents Futures Contract Information - For the EC2508 contract, the previous closing price was 2083.9, with a change of 0.04%, a basis of 151.6, a previous trading volume of 92, and a previous open interest of 2556 with a change of - 73. Other contracts like EC2510, EC2512, etc. also have their respective price, change, basis, trading volume, and open interest data [2] - The month - to - month spreads such as EC2508 - 2510, EC2510 - 2512, etc. have their previous - day, two - day - ago, and day - on - day change data [2] Index Information - The SCHIS SCFI (European line) was updated on August 11, 2025, at 2235.48 points, down 2.71% from the previous period and 4.39% from two periods ago. The CCFI was updated on August 8, 2025, at 1799.05 points, up 0.53% from the previous period. The NCFI was updated on August 8, 2025, at 1257.71 points, down 8.7% from the previous period [2] Shipping Company Quotation Information - In week 34, shipping companies' prices dropped by 200 - 300 US dollars, with an average of 2850 US dollars (2000 points). In week 35, the average shipping company quote was 2630 US dollars (1800 points) [3] - On Monday, MSK opened at 2200 US dollars; HPL dropped 400 to 2435 US dollars. On Wednesday, EMC dropped 200 to 2934 US dollars [9] News Information - On August 14, Hamas proposed a cease - fire request to Egypt, promising to evacuate and ensure the safety of the detained personnel. Israeli Deputy Foreign Minister Haskell said that after the war, Gaza must have a non - Israeli, peaceful and non - armed government [4]

1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report - For PTA, with the low processing fee, additional maintenance increases. Although the sales of filament are weak, there is no further reduction in production in the short - term. The bottle - chip inventory decreases continuously at low operation rate. The polyester operation rate is expected to stabilize and has upward flexibility, and the supply - demand situation is expected to improve stage by stage. It is recommended to pay attention to the opportunity of expanding the processing fee by buying at low prices [1]. - For MEG, the domestic device has a partial delay in restart, and there are some unexpected overseas maintenance. The port inventory is expected to remain low with little short - term inventory accumulation pressure. The long - term has an inventory accumulation expectation due to the return of maintenance and new device production. The valuation is greatly affected by the subsequent evolution of the cost side, and it is recommended to pay attention to the restart progress of the satellite device [8]. - For polyester staple fiber, as the finished product inventory of the polyester yarn end decreases continuously, the subsequent downstream operation rate may increase. Although the supply of staple fiber may also increase, considering the low processing fee on the disk, it is recommended to pay attention to the opportunity of expanding the processing fee by buying at low prices [8]. - For natural rubber, the national explicit inventory remains stable with a low absolute level but no seasonal destocking. The price of Thai cup rubber rebounds due to rainfall affecting tapping. The strategy is to wait and see [8]. 3. Summary by Related Catalogs PTA - **Market Data**: From August 8 to 14, 2025, the price of crude oil decreased by 7, PX CFR decreased by 45, PTA internal - market spot price changed little, and the processing fee fluctuated. The average daily trading basis of PTA spot was 2509(-13). The restart of 2.2 million tons of Jiaxing Petrochemical and 2.5 million tons of Shandong Weilian was reported [1]. - **Industry Situation**: The upstream PX domestic operation rate increased slightly, overseas operation rate decreased slightly, and PXN strengthened. The downstream polyester operation rate increased slightly, and the inventory continued to accumulate. The basis was weak, and the spot processing fee was still low [1]. MEG - **Market Data**: From August 8 to 14, 2025, the price of MEG internal - market decreased by 4, and the profit of MEG coal - based decreased. The basis for 09 was around +82. The 800,000 - ton Zhejiang Petrochemical restarted, and the 1.9 - million - ton Shenghong stopped production due to an accident [8]. - **Industry Situation**: The domestic operation rate was basically stable with some delayed restarts, and there was some unexpected overseas maintenance. The port inventory was expected to accumulate. The downstream inventory level increased, the basis was basically stable, and the oil - based profit recovered [8]. Polyester Staple Fiber - **Market Data**: From August 8 to 14, 2025, the price of staple fiber fluctuated, and the profit changed. The spot price was around 6453, and the market basis for 09 was around - 10 [8]. - **Industry Situation**: The upstream operation rate increased slightly to 90.6%, the sales were basically stable, and the inventory continued to accumulate. The downstream polyester yarn operation rate was stable, the raw material inventory was maintained, the finished product inventory decreased, and the profit improved slightly [8]. Natural Rubber - **Market Data**: From August 8 to 14, 2025, the prices of various types of rubber such as 20 - number rubber, US - dollar Thai mixed rubber, etc. fluctuated. The national explicit inventory remained stable [8]. - **Industry Situation**: Thai cup rubber price rebounded due to rainfall affecting tapping, and there was no seasonal destocking [8]. Aromatic Hydrocarbon and Derivatives (Benzene Series) - **Market Data**: From August 8 to 14, 2025, the prices of ethylene, pure benzene, styrene, etc. fluctuated. The profits of ABS, EPS, PS, etc. also changed [8]. - **Industry Situation**: No overall industry situation summary information was provided in the text. Only the price and profit data changes of various products were presented.

Report Summary 1. Report Industry Investment Rating - No investment rating information is provided in the report. 2. Core Viewpoints - The report presents the latest information on the global oilseeds and oils market, including U.S. export sales, Brazilian production forecasts, and Indian import trends. These data provide a basis for market participants to understand the supply - demand dynamics of the industry [1]. 3. Key Points by Category U.S. Export Sales - For the week ending August 7, U.S. current - market - year soybean export sales net decreased by 37.76 tons, a 181% drop from the previous week and a 235% decrease from the four - week average. Next - year soybean export sales net increased by 113.3 tons. Export shipments were 53.31 tons, a 23% decrease from the previous week but a 26% increase from the four - week average [1]. - For the same week, U.S. current - market - year bean meal export sales net increased by 2.63 tons, an 84% decrease from the previous week and an 86% decrease from the four - week average. Next - year bean meal export sales net increased by 24.67 tons. Export shipments were 36 tons, a 14% increase from the previous week and a 15% increase from the four - week average [1]. Brazilian Production Forecasts - Abiove raised Brazil's 2024/25 soybean production forecast to 170.3 million tons from 169.7 million tons. It also increased the soybean crushing volume forecast to 58.1 million tons from 57.8 million tons and the soybean export forecast to 109.5 million tons from 109 million tons [1]. - The 2024/25 bean meal export forecast was maintained at 23.6 million tons, the soybean oil export forecast at 1.35 million tons. The soybean oil production forecast was increased to 11.65 million tons from 11.6 million tons, and the bean meal production forecast to 44.8 million tons from 44.5 million tons [1]. Indian Import Trends - In July, Indian palm oil imports declined by 10.5% to 855,695 tons due to canceled contracts. Meanwhile, soybean oil imports jumped 36.9% to 492,336 tons, reaching a three - year high. Sunflower oil imports decreased by 7.5% to 200,010 tons [1]. - The increase in soybean oil imports drove the total edible oil imports in July to rise 1.1% to 1.55 million tons, the highest since November last year. Indian 2024/25 soybean oil imports are expected to surge 60% year - on - year to a record 5.5 million tons [1]. Spot Prices - Spot prices for various oilseeds and oils in different regions (Jiangsu and Guangdong) from August 8 to August 14, 2025, are presented, including those for bean meal, rapeseed meal, soybean oil, palm oil, and rapeseed oil [4].