南华商品指数：农产品领涨，能化板块领跌

Report Summary 1. Industry Investment Rating No industry investment rating is provided in the report. 2. Core View The Nanhua Composite Index fell by -1.74% on April 8, 2025. Among the sector indices, the Nanhua Agricultural Products Index had the largest increase of 0.99%, and the Nanhua Precious Metals Index had the smallest increase of 0.43%. The Nanhua Energy and Chemical Index had the largest decline of -2.91%, and the Nanhua Non - ferrous Metals Index had the smallest decline of -0.29%. Among the theme indices, only the Oilseeds and Oils Index rose by 1.44%, while the rest declined, with the Energy Index having the largest decline of -4.42% and the Economic Crops Index having the smallest decline of -0.59%. Among the single - variety indices of commodity futures, the Egg Index had the largest increase of 3.54%, and the 20 - gauge Rubber Index had the largest decline of -6.79% [1][4][5]. 3. Summary by Relevant Contents 3.1 Market Data of Nanhua Commodity Indices - The Nanhua Composite Index closed at 2390.37, down -1.74% from the previous day, with an annualized return of -6.78% and an annualized volatility of 13.63% [4]. - The Nanhua Precious Metals Index closed at 1118.98, up 0.43%, with an annualized return of 30.88% and an annualized volatility of 19.21% [4]. - The Nanhua Industrial Products Index closed at 3480.83, down -2.30%, with an annualized return of -12.73% and an annualized volatility of 15.09% [4]. - Other indices also have corresponding closing prices, daily returns, annualized returns, and annualized volatilities as detailed in the report [4]. 3.2 Contribution of Single Varieties to Indices - For the Nanhua Composite Index, varieties like Soybean Meal, Silver, and Nickel had positive contributions, while Rapeseed Oil and Gold had negative contributions in some cases [8]. - Similar contributions are shown for the Nanhua Mini - Composite Index, Nanhua Industrial Products Index, and Nanhua Metal Index [8]. 3.3 Historical Trend Charts - There are historical trend charts of the Nanhua Composite Index, sector indices, and theme indices (all normalized), which can help analyze the long - term performance of these indices [10][12]. 3.4 Industry Chain and Single - Variety Index Fluctuations - In the energy and chemical sector, the price changes of various products in the industrial chain are presented, such as the decline of Soda Ash by -1.87% and the increase of Polypropylene by 0.25% [15]. - In the agricultural products sector, price changes of related products are also shown, for example, the increase of Palm Oil by 0.16% and the increase of Rapeseed Meal by 3.16% [19].