商品量化CTA周度跟踪-20250819

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Report's Core View - The commodity market shows different trends in various sectors. The bearish proportion has slightly increased this week, with significant changes in the black and agricultural sectors. The overall market signals are mainly bearish, with some exceptions like the iron ore market turning neutral [1]. Group 3: Summary by Related Content Commodity Market Sector Analysis - The agricultural sector's momentum is rising, while the energy sector is relatively weak. In the black sector, the momentum factor has decreased marginally, and the term - structure differentiation has narrowed. In the non - ferrous sector, the position - holding factor has decreased marginally, and the cross - sectional differentiation has widened. In the energy - chemical sector, there is cross - sectional momentum differentiation. In the agricultural sector, the position - holding of oilseeds and meals has increased, and the short - cycle momentum of palm oil has rebounded [1]. Performance of Different Commodities Methanol - Last week, the supply factor strengthened by 0.64%, the inventory factor declined by 0.66%, and the comprehensive signal this week is bearish. Fundamentally, the supply side remains bearish, the demand side is neutral to bearish, the inventory side turns bearish, and the spread side is neutral to bearish [1]. Float Glass - Last week, the inventory factor increased by 2.47%, the spread factor weakened by 0.17%, the profit factor decreased by 0.20%, and the synthetic factor declined by 0.13%, with a bearish comprehensive signal this week. Fundamentally, the supply side is neutral, the demand side is neutral to bearish, the inventory side is bearish, and the profit side is neutral to bullish [1]. Iron Ore - Last week, the supply factor strengthened by 0.38%, the synthetic factor increased by 0.08%, and the comprehensive signal this week turns neutral. Fundamentally, the supply side's bearish feedback weakens to neutral, the demand side turns to bullish feedback but remains neutral, the inventory side turns bearish, and the spread side turns bullish [3][4].