原油多空博弈加剧，碳酸锂大涨创阶段新高｜期货周报

Group 1: Energy and Chemical Sector - The energy and chemical sector saw a decline, with fuel oil down 2.71% and crude oil down 0.69% for the week [1] - OPEC+ maintained a moderate production increase of 137,000 barrels per day in November, while announcing a pause in production increases for Q1 2026 to alleviate seasonal inventory buildup [2] - The U.S. crude oil production reached a record high of 13.862 million barrels per day, contributing to supply pressure [2] Group 2: Black Metal Sector - Iron ore prices increased by 1.58% for the week, while coking coal and coke prices decreased by 6.14% and 1.15%, respectively [1] - Domestic steel demand is weakening, while overseas steel demand remains strong, leading to a shift in iron ore fundamentals [10] Group 3: Basic Metals Sector - Lithium carbonate futures rose by 6.15% for the week, driven by increased supply and demand, with a closing price of 87,360 yuan per ton, marking a three-month high [4] - Domestic lithium carbonate production in October was 51,530 tons, a 9.31% increase month-on-month, but the operating rate was only 43% [4][5] Group 4: Agricultural Products Sector - The egg market saw a decline of 5.78% for the week, while live pig prices increased by 0.89% [1] - The market is currently observing consumer demand trends and the potential for inventory reduction in the live pig sector [11]