Market Overview - The domestic commodity futures market experienced a significant decline on July 31, with major contracts such as glass dropping over 8%, coking coal and polysilicon down over 7%, and several others falling more than 6% [1][2][3] - The China Securities Commodity Futures Price Index closed at 1425.90 points, down 23.20 points or 1.60% from the previous trading day [1] Glass Market - The glass main contract fell over 8%, nearly erasing all gains from the previous week, despite a continuous decrease in inventory [2] - As of July 31, the total inventory of float glass in sample enterprises was 59.49 million heavy boxes, marking a decrease of 239.7 thousand heavy boxes or 3.87% week-on-week [2] - The decline in glass inventory is attributed to procurement by spot traders, but the actual reduction is limited, and there is no significant improvement in downstream real estate demand [2] Coking Coal Market - Coking coal futures saw multiple contracts hit the limit down, with the main contract recording a 7.97% drop, closing at 1045.5 yuan/ton [3] - The recent political meeting's statements have dampened expectations for supply-side capacity reduction in the coal industry, leading to a more relaxed balance in the coking coal market [3] - Despite the current production losses for coking enterprises, there is still a strong demand for raw material procurement, indicating a potential for wide fluctuations in the coking coal market [3] Oil Market - SC crude oil rose over 1%, marking a third consecutive day of gains, supported by rising international oil prices [4][6] - Geopolitical tensions between the U.S. and Russia have introduced new supply concerns, contributing to the relative strength of oil prices amidst a broader market decline [4][6] - The asphalt market also saw a slight increase, with prices reaching a one-month high, driven by both cost factors and limited supply growth [6]
商品日报（7月31日）：商品市场大面积下挫 焦煤跌停、玻璃硅铁触及跌停
Xin Hua Cai Jing·2025-07-31 08:58