Group 1: Commodity Market Overview - The domestic commodity futures market on June 26 saw more gains than losses, with coking coal and polysilicon leading the rise, both increasing over 3% [1][2] - The China Securities Commodity Futures Price Index closed at 1376.07 points, up 5.40 points or 0.39% from the previous trading day [1] - The China Securities Commodity Futures Index closed at 1907.82 points, up 7.49 points or 0.39% from the previous trading day [1] Group 2: Coking Coal Market - Coking coal prices rebounded over 3% on June 26, driven by improved spot trading and a week-on-week increase in steel production [2] - Since hitting a multi-year low of 709 yuan/ton in early June, coking coal prices have rebounded by over 100 yuan in less than a month [2] - Despite the rebound, analysts believe the market's supply-demand imbalance has not been resolved, limiting the potential for significant price increases [2] Group 3: Polysilicon and Industrial Silicon - Polysilicon and industrial silicon both saw significant rebounds, closing up over 3% and 2% respectively, ranking second and third in daily gains [3] - Although the oversupply situation for industrial silicon and polysilicon remains, some regional production bottlenecks and slight increases in downstream production have led to short-term marginal improvements [3] - Analysts caution that the fundamental pressures of inventory accumulation and weak demand will limit the rebound potential for polysilicon and may negatively impact industrial silicon [3] Group 4: Other Commodities - The metals sector experienced a collective rebound, with nickel rising over 2%, while tin, silver, aluminum, zinc, and lithium carbonate all increased by over 1% [4] Group 5: Soybean Meal and Oil Market - Soybean meal contracts saw significant declines, with soybean meal and rapeseed meal down 2.67% and 2.43% respectively [5] - The decline in soybean meal prices is attributed to supply pressures and a continued accumulation of inventory in domestic oil mills [5] - Analysts expect soybean meal prices to face heavy pressure in the short term, while rapeseed meal may gradually recover in the medium to long term due to reduced import volumes [5] Group 6: Crude Oil Market - SC crude oil contracts fell by 1.14%, continuing a weak trend, although international oil prices saw a slight increase due to a significant drop in U.S. crude oil inventories [6] - The U.S. Energy Information Administration reported a decrease of 5.8 million barrels in commercial crude oil inventories, significantly exceeding market expectations [6] - Despite short-term price support from tight inventories and seasonal demand, the overall outlook for crude oil remains weak due to ongoing trade uncertainties and strong supply from OPEC+ [6]
商品日报（6月26日）：焦煤强势反弹 双粕继续走弱大幅下挫
Xin Hua Cai Jing·2025-06-26 10:25