黄金：降息预期升温白银：继续冲高

1. Report Industry Investment Ratings - Not provided in the content 2. Core Views of the Report - The report provides daily research and analysis on various commodities in the futures market, including precious metals, base metals, energy, chemicals, agricultural products, etc. It offers insights into price trends, fundamental data, and news events affecting each commodity, along with trend strength indicators and trading strategies [2][11][24] 3. Summary by Commodity Precious Metals - Gold: With rising expectations of interest rate cuts, the gold price is showing an upward trend. The trend strength is -1, indicating a relatively bearish outlook. Key data includes price, trading volume, open interest, ETF holdings, and inventory levels [2][6][9] - Silver: Continuing to rise, the trend strength is 1, suggesting a bullish outlook. Similar to gold, it also provides price, trading volume, open interest, ETF holdings, and inventory data [2][6][9] Base Metals - Copper: Supported by strong spot prices, the copper price is expected to remain stable. The trend strength is 1, indicating a bullish outlook. The report presents data on futures and spot prices, trading volume, open interest, inventory, and spreads, along with macro and industry news [11][13] - Zinc: The fundamentals are under pressure, with a trend strength of -1, suggesting a bearish outlook. It provides data on prices, trading volume, open interest, spreads, and inventory, as well as relevant news [14][15] - Lead: With expectations of a peak season, the lead price is supported. The trend strength is 1, indicating a bullish outlook. The report includes price, trading volume, open interest, spreads, and inventory data, along with news [17][18] - Tin: Driven by the macro - environment, the tin price is on the rise. The trend strength is 0, indicating a neutral outlook. It provides data on futures and spot prices, trading volume, open interest, inventory, and spreads, along with macro and industry news [20][21][22] - Nickel: The support from the ore end is weakening, and the smelting end limits the upside potential. The trend strength is 0, indicating a neutral outlook. It presents data on prices, trading volume, open interest, spreads, and relevant industry news [24][27] - Stainless Steel: Inventory is slightly decreasing, and the steel price is recovering with limited elasticity. The trend strength is 0, indicating a neutral outlook. Similar to nickel, it provides relevant data and news [24][27] Energy and Chemicals - Carbonate Lithium: Spot trading is light, and the price is oscillating weakly. The trend strength is -1, suggesting a bearish outlook. It provides price, trading volume, open interest, spreads, and inventory data, along with macro and industry news [28][30] - Industrial Silicon: Supply disruptions from the upstream are increasing, and market sentiment needs to be monitored. The trend strength is 1, indicating a bullish outlook. It presents data on prices, trading volume, open interest, spreads, inventory, and relevant news [31][33] - Polysilicon: Market news is continuously disturbing, and the upside space needs to be watched. The trend strength is 1, indicating a bullish outlook. Similar to industrial silicon, it provides relevant data and news [31][33] - Iron Ore: Expectations are fluctuating, and the price is oscillating widely. The trend strength is 0, indicating a neutral outlook. It provides price, trading volume, open interest, spreads, and relevant news [34] - Rebar and Hot - Rolled Coil: Both are oscillating widely. The trend strength for both is 0, indicating a neutral outlook. They provide price, trading volume, open interest, spreads, and relevant news [36][37][39] - Silicon Iron and Manganese Silicon: Affected by sector sentiment, they are oscillating weakly. The trend strength for both is 0, indicating a neutral outlook. They provide price, trading volume, open interest, spreads, and relevant news [41][43] - Coke and Coking Coal: Affected by downstream environmental protection - related production cuts, they are oscillating weakly. The trend strength for both is 0, indicating a neutral outlook. They provide price, trading volume, open interest, spreads, and relevant news [45][46][48] - Steam Coal: Daily consumption is recovering, and the price is stabilizing. The trend strength is 0, indicating a neutral outlook. It provides price, trading volume, open interest, and relevant news [50][52][53] - Log: The main contract is switching, and the price is oscillating widely. The trend strength is -1, suggesting a bearish outlook. It provides price, trading volume, open interest, spreads, and relevant news [54][56] - Paraxylene: Consider positive spreads on dips. The trend strength is 0, indicating a neutral outlook. It provides price, trading volume, open interest, spreads, and relevant news [57][63] - PTA: Go long on PX and short on PTA. The trend strength is 0, indicating a neutral outlook. Similar to paraxylene, it provides relevant data and news [57][63] - MEG: Take profit on the long PTA and short MEG strategy. The trend strength is 0, indicating a neutral outlook. It provides relevant data and news [57][63] - Rubber and Synthetic Rubber: Both are oscillating. The trend strength for both is 0, indicating a neutral outlook. They provide price, trading volume, open interest, spreads, and relevant news [30][32][64] - Asphalt: Oscillating in a narrow range. The trend strength is not provided. It provides price, trading volume, open interest, spreads, and relevant news [34] - LLDPE: Oscillating in the short term. The trend strength is not provided. It provides price, trading volume, open interest, spreads, and relevant news [36] - PP: Spot prices are falling, and trading is dull. The trend strength is not provided. It provides price, trading volume, open interest, spreads, and relevant news [38] - Caustic Soda: Spot price cuts are not over, and the impact of liquid chlorine needs to be monitored. The trend strength is not provided. It provides price, trading volume, open interest, spreads, and relevant news [39] - Pulp: Oscillating. The trend strength is not provided. It provides price, trading volume, open interest, spreads, and relevant news [41] - Glass: The price of the original sheet is stable. The trend strength is not provided. It provides price, trading volume, open interest, spreads, and relevant news [43] - Methanol and Urea: Both are oscillating in the short term. The trend strength for both is not provided. They provide price, trading volume, open interest, spreads, and relevant news [44][46] - Styrene: Oscillating in the short term. The trend strength is not provided. It provides price, trading volume, open interest, spreads, and relevant news [48] - Soda Ash: The spot market has little change. The trend strength is not provided. It provides price, trading volume, open interest, spreads, and relevant news [50] - LPG: Oscillating in the short term. The trend strength is not provided. It provides price, trading volume, open interest, spreads, and relevant news [51] - PVC: The trend is weak. The trend strength is not provided. It provides price, trading volume, open interest, spreads, and relevant news [54] Agricultural Products - Palm Oil: The improvement in the fundamentals of the producing areas is limited, and the price is bottom - grinding. The trend strength is not provided. It provides price, trading volume, open interest, spreads, and relevant news [63] - Soybean Oil: There is insufficient speculation about US soybean weather, and there is a lack of driving force. The trend strength is not provided. It provides price, trading volume, open interest, spreads, and relevant news [63] - Soybean Meal: Overnight US soybeans closed flat, and the domestic soybean meal may rebound and oscillate. The trend strength is not provided. It provides price, trading volume, open interest, spreads, and relevant news [65] - Soybean No.1: The spot price is stable, and the futures price may oscillate. The trend strength is not provided. It provides price, trading volume, open interest, spreads, and relevant news [65] - Corn: Oscillating. The trend strength is not provided. It provides price, trading volume, open interest, spreads, and relevant news [67] - Sugar: Weakly operating. The trend strength is not provided. It provides price, trading volume, open interest, spreads, and relevant news [68] - Cotton: Lacking effective driving force, the price is oscillating. The trend strength is not provided. It provides price, trading volume, open interest, spreads, and relevant news [69] - Egg: The peak season is approaching, and it is difficult to increase the culling rate. The trend strength is not provided. It provides price, trading volume, open interest, spreads, and relevant news [71] - Live Pig: Anticipating the de - stocking logic in July. The trend strength is not provided. It provides price, trading volume, open interest, spreads, and relevant news [72] - Peanut: There is support at the bottom. The trend strength is not provided. It provides price, trading volume, open interest, spreads, and relevant news [73]