每日期货全景复盘5.6：SC原油领跌期市，下方空间是否充足？

Group 1: Market Overview - The main contracts show a bearish sentiment with 23 contracts rising and 50 contracts falling, indicating a concentration of trading activity in declining varieties [2] - Significant declines were observed in crude oil (-3.69%), rubber board (-3.51%), and fuel oil (-3.40%), likely influenced by macroeconomic concerns or changes in supply-demand fundamentals [6] Group 2: Key Commodity Movements - Leading gainers included the China Securities 1000 (+2.39%), No. 20 rubber (+2.16%), and urea (+1.95%), suggesting strong interest in these commodities [5] - The most significant inflows were seen in China Securities 1000 (30.84 million), indicating a strong focus from major funds [8] Group 3: Position Changes - Notable increases in open interest were recorded for apple (+40.06%), caustic soda (+16.87%), and焦炭 (+13.02%), suggesting new funds entering the market [11] - Conversely, significant reductions in open interest were noted for short rice (-6.59%) and rubber board (-23.08%), indicating potential fund withdrawals [11] Group 4: Agricultural Commodities - China's imports of Brazilian soybeans are expected to reach 12 million tons in May, improving domestic soybean supply significantly [12] - The oil factory operating rate is anticipated to rise, with a projected soybean crushing volume of 8.3 million tons in May, driven by high supply pressure and increased processing [12] Group 5: Global Economic Indicators - The global manufacturing PMI fell to 49.1%, indicating increased economic downward pressure, with the index remaining below 50% for two consecutive months [15] - China's manufacturing PMI also decreased to 50.4, reflecting a slowdown in economic expansion [13] Group 6: Palm Oil Market Insights - Malaysia's palm oil production is estimated to increase by 24.62% in April, with total production reaching 1.73 million tons, indicating a supply-side pressure on prices [16] - The palm oil market is expected to face downward pressure due to increased production and weak demand, with prices closing at 7974 yuan/ton [29]