焦煤、碳酸锂领涨，政策支撑猪价企稳回升

Group 1: Commodity Market Overview - Domestic commodity futures experienced mixed performance from August 4 to August 8, with coking coal and lithium carbonate leading gains, while fuel oil and crude oil saw declines [1] - Coking coal prices surged by 12.31%, breaking through the fluctuation range since June, driven by supply constraints and strong demand from steel mills [1][2] Group 2: Coking Coal Supply and Demand - Weekly coking coal production reached 5.2 million tons, a slight increase of 1.2% week-on-week but down 5% year-on-year due to ongoing production checks in Shanxi and Shaanxi [2] - Total coking coal inventory stood at 27.98 million tons, down 0.3% week-on-week, indicating a slight decrease in upstream stock [2] Group 3: Lithium Carbonate Market Dynamics - Lithium carbonate prices rose by 11.15% this week, influenced by supply concerns related to the Yichun lithium mine and ongoing market speculation [4][5] - The current market for lithium carbonate is characterized by a slight increase in supply and gradually recovering demand, with inventory levels exceeding 140,000 tons [5][6] Group 4: Economic Indicators - July CPI showed a month-on-month increase of 0.4%, while PPI decreased by 0.2%, indicating a narrowing decline [8] - The core CPI rose by 0.8% year-on-year, marking the highest level since March 2024, driven by price stability in household appliances and clothing [8] Group 5: Regulatory Developments - New regulations for algorithmic trading in the futures market will take effect on October 9, 2025, aimed at enhancing market order and fairness [9][10] - The regulations require a reporting system for algorithmic trading, with a six-month transition period for compliance [10]