10月21日，市长徐曙海主持召开专题会议，研究部署我市要素市场化配置综合改革试点工作。 市领导张克、周凯、黄春年，市政府秘书长戴卫东参加会议。（记者 陈志奎） 会上，市发改委及各要素领域改革牵头部门汇报了试点工作的基本思路和主要举措。在听取大家发 言后，徐曙海指出，纳入要素市场化配置综合改革试点是镇江发展再次起飞的一次重大机遇，要深化思 想认识、立足镇江实际，把改革试点工作作为镇江高质量发展追赶超越的突破口，破除要素流动障碍， 优化要素市场配置，努力在体制机制上为发展提供更大便利，全面激发镇江经济发展的内生动力。 徐曙海强调，要锚定改革目标，坚持有利于镇江高质量发展、有利于提高镇江老百姓生活质量，积 极创新探索，全面提高要素协同高效配置效率，为经营主体发展壮大营造更优环境，为提高全市人民生 活水平奠定坚实的物质基础。要广泛征求各方意见，充分听取各板块、开发园区和重点企业关于体制机 制改革方面的意见建议，同时充分借鉴先进地区经验做法，因地制宜大胆创新，开展差别化改革探索。 要坚持问题导向，着力破解长期制约我市经济社会发展的堵点、难点、痛点问题，努力取得一批突破性 改革成果，形成比较优势、占据发展主动，为镇江经济 ...

10月10日，省委常委、市委书记安伟主持召开专题会议，研究部署要素市场化配置综合改革试点工作， 强调要深入贯彻习近平总书记在河南考察时重要讲话精神，全面落实省委、省政府部署要求，提高站 位、深化认识，突出重点、全力突破，强力推进要素市场化配置改革各项任务，进一步激发经济活力， 加快提升城市竞争力、核心创新力、环境影响力，有力引领全省高质量发展、高效能治理。 安伟指出，推进要素市场化配置综合改革试点工作，是适应全球经济发展趋势、提高资源要素配置效 率、激发经济社会发展活力的一项系统性、全局性、战略性工作，是郑州扬长补短、服务大局，充分履 行国家中心城市职责，带动支撑全省建设成为全国统一大市场循环枢纽、国内国际市场双循环支点的使 命担当所在。要提高政治站位，全力以赴抓好各项改革试点任务落实，积极破除要素流动障碍，完善市 场制度规则，不断提高要素质量、畅通生产要素流动、高效配置各类资源、充分释放市场潜力，为促进 新质生产力发展、构建高水平社会主义市场经济体制探索经验、蹚出路子。 安伟强调，要对标对表、突出重点、务求突破。建立完善"1+7+N"试点方案体系，统筹推进技术、土 地、人才资源、数据、资本、资源环境等各类要 ...

Core Insights - The article focuses on the evaluation of the comprehensive capabilities of real estate companies in China, highlighting the importance of delivery brand influence and the transition from scale competition to value coexistence in the industry [6][7]. Group 1: Rankings and Evaluations - The "2025 Mid-Year Comprehensive Capability Ranking of Chinese Real Estate Companies" was released, emphasizing the need for strategic upgrades in the industry [6]. - The first "Top 20 Delivery Brand Influence" list was published to provide a data-driven assessment framework for real estate companies and buyers [7]. Group 2: Market Trends - The real estate market is showing signs of marginal improvement, with a narrowing decline in both new and second-hand housing prices, although sales continue to decrease [9]. - In September, major cities like Shanghai, Hangzhou, and Chengdu saw a project turnover rate exceeding 60%, driven by the launch of hot projects [9]. Group 3: Policy Dynamics - Ten provinces and cities are piloting comprehensive reforms for market-oriented allocation of factors, granting local governments greater autonomy in land market management [12]. - The State Council is advancing the approval of mature asset types for REITs projects, with a focus on supporting rental housing projects [12]. Group 4: Land Supply and Auction Trends - The frequency of quality residential land sales has decreased, with land auction activity falling to its lowest level of the year [13]. - In the week of September 8-14, land supply increased slightly by 5%, while transaction volume decreased by 5%, indicating a cooling in auction enthusiasm [13]. Group 5: Product Insights - The concept of "Good Housing" is becoming a strategic development direction for residential products, transitioning from policy ideas to industry practices [15]. - Localization in housing design is evolving from details to a comprehensive approach, addressing the issue of homogenization in the market [16].

Group 1 - The State Council has approved a pilot program for the market-oriented allocation of factors in ten regions, including Beijing's sub-center and the Guangdong-Hong Kong-Macao Greater Bay Area, to enhance economic vitality and consumption [1] - The pilot areas are characterized by strong economic foundations and growth potential, covering key urban clusters and metropolitan areas in China [1] - The overall structure of the pilot program is consistent but tailored to local conditions, focusing on stimulating innovation in technology, efficient land allocation, and enhancing the flow of human resources and capital [1][2] Group 2 - The pilot program aims to deepen reforms in land management, granting greater autonomy to pilot regions in managing land resources and matching new construction land with population trends [2] - It includes innovative land supply mechanisms such as long-term leasing and flexible supply periods, as well as revitalizing underutilized land [2] - A unified regulatory framework is essential for a high-level socialist market economy, which will enhance market efficiency and ensure fair competition [3] Group 3 - The construction of a unified national market requires the implementation of "Five Unifications and One Openness," which includes standardizing market systems and infrastructure, and ensuring consistent government actions [4] - The initiative emphasizes the importance of resource allocation and reducing waste through the free flow of factors [4] - Expanding both domestic and international openness is crucial for building a unified national market and gaining a competitive edge in the global economy [4]

Group 1: Company Performance and Financials - The company reported a net profit increase of 7.18 million compared to the same period last year, with a net profit attributable to the parent company increasing by 5.79 million [3] - The increase in operating income was 23.96 million, contributing to the overall profit growth [3] - The company is focusing on stabilizing existing business while actively expanding new business and improving accounts receivable recovery to enhance operational performance [3] Group 2: Research and Development Focus - The company is concentrating on innovations in hyperspectral, full-spectrum, and AI data technologies, aiming to develop a series of products and comprehensive solutions for ecological health and greenhouse gas monitoring [2] - Future R&D progress will be disclosed in the company's annual report, emphasizing the importance of technological innovation in maintaining commercial reputation [2] Group 3: Strategic Growth and Market Positioning - The company plans to enhance market expansion efforts, accurately grasp market trends, and develop scientific marketing strategies to increase market share [3] - There is a commitment to digital transformation in business applications, focusing on smart operations and industrial internet technologies to drive industry scale and performance growth [3] - The company is also exploring diversified growth engines while consolidating its core business [4] Group 4: Regulatory Compliance and Future Plans - The company has disclosed a correction of prior accounting errors and is in the process of applying to lift risk warnings in accordance with Shenzhen Stock Exchange regulations [3] - The company is monitoring national policies regarding market-oriented resource allocation reforms and will explore potential opportunities that align with its business strategy [4]

Report Summary 1. Report Industry Investment Rating No specific industry investment rating is provided in the report. 2. Report's Core View The supply of coking coal and coke has increased significantly, and the second round of price cuts for coke has begun. After the military parade, the supply and demand of coking coal recovered rapidly, but the second - round price cut for coke started. Affected by factors such as anti - involution and over - production verification, coal mine output is difficult to return to previous highs. With the arrival of the peak demand season, there is still a need for coke - steel enterprises to replenish inventory before the National Day. The short - term market is expected to fluctuate strongly. The investment strategies are mainly range - bound operations for single - side trading, waiting and seeing for inter - period arbitrage, and waiting and seeing for coking profits [2][30]. 3. Summary by Relevant Catalogs 3.1 This Week's Market Review This week, the prices of coking coal and coke in the domestic market fluctuated. The first - round price cut for coke was officially implemented on Monday. Due to poor steel mill profits, the second - round price cut of 50 - 55 yuan/ton was proposed on Friday and took effect at 0:00 on September 15, while coke enterprises have not responded yet [2][4]. 3.2 Macro and Industrial News - The State Council approved pilot projects for comprehensive reform of factor market allocation in 10 regions including the Beijing Sub - center and key cities in southern Jiangsu. The goal is to break access barriers for new factors and promote their transformation into new productive forces [6]. - Eight departments including the Ministry of Industry and Information Technology issued the "Automobile Industry Steady - Growth Work Plan (2025 - 2026)". The target for 2025 is to achieve annual automobile sales of about 32.3 million vehicles, a year - on - year increase of about 3%, with new energy vehicle sales of about 15.5 million vehicles, a year - on - year increase of about 20%. The industry aims for stable and positive development in 2026 [6]. - In the first eight months of 2025, the cumulative increase in social financing scale was 26.56 trillion yuan, 4.66 trillion yuan more than the same period last year. RMB loans increased by 13.46 trillion yuan. At the end of August, M2 increased by 8.8% year - on - year, M1 increased by 6% year - on - year, and the M1 - M2 gap continued to narrow [6]. - In August, China's total goods trade import and export value was 3.87 trillion yuan, a year - on - year increase of 3.5%. Exports were 2.3 trillion yuan, an increase of 4.8%; imports were 1.57 trillion yuan, an increase of 1.7%. Exports and imports increased for three consecutive months. In the first eight months, the total goods trade import and export value was 29.57 trillion yuan, a year - on - year increase of 3.5% [7]. - China's PPI in August decreased by 2.9% year - on - year, with the decline narrowing by 0.7 percentage points compared with the previous month, and the month - on - month change turned from a 0.2% decrease to flat. China's CPI in August decreased by 0.4% year - on - year and was flat month - on - month [7]. - The US CPI in August increased by 2.9% year - on - year, and the core CPI increased by 3.1% year - on - year, generally in line with expectations. The US PPI in August increased by 2.6% year - on - year (expected 3.3%); it decreased by 0.1% month - on - month (expected 0.3% increase) [7]. - According to the China Iron and Steel Association, in early September, the social inventory of five major steel products in 21 cities was 9.2 million tons, a month - on - month increase of 320,000 tons, or 4.2%. The inventory continued to rise, up 2.61 million tons or 39.6% from the beginning of the year, and up 360,000 tons or 4.1% from the same period last year, with the year - on - year change turning from a decrease to an increase [7]. 3.3 Fundamental Analysis - **Supply**: Except for a few coal mines whose underground production has not recovered, most previously shut - down coal mines have resumed production, and the supply has returned to normal. The coking coal auction performance has been mixed, indicating that the market's bearish sentiment has eased [2]. - **Demand**: Currently, downstream coke - steel enterprises have low procurement willingness, mainly for just - in - time inventory replenishment. The market is in a wait - and - see state. Due to poor sales and continuous price pressure of finished products, while raw material costs were previously firm, steel mill profits have gradually shrunk. This week, the pig iron output recovered significantly, showing a short - term demand recovery, but the medium - and long - term market outlook remains cautious, and the peak - season characteristics are not significant [2]. 3.4 Market Outlook and Investment Strategies - **Market Outlook**: After the military parade, the supply and demand of coking coal recovered rapidly, but the second - round price cut for coke started. Affected by factors such as anti - involution and over - production verification, coal mine output is difficult to return to previous highs. With the arrival of the peak demand season, there is still a need for coke - steel enterprises to replenish inventory before the National Day. After the market correction in late August and considering potential macro - policy disturbances, the short - term market is expected to fluctuate strongly [30]. - **Investment Strategies**: For single - side trading, mainly conduct range - bound operations; for inter - period arbitrage, mainly wait and see; for coking profits, mainly wait and see [2][30].

1. Report Industry Investment Rating - No information provided 2. Core View of the Report - The lithium carbonate market is in a state of wide - range fluctuation. Supply continues to increase, but terminal demand is strong, evidenced by the reduction in total inventory. Prices are supported in the short - term and are expected to maintain wide - range fluctuations [5]. 3. Summary by Relevant Catalogs 3.1 Macro Overview - The State Council plans to conduct comprehensive reform pilot projects on the market - based allocation of factors in 10 regions. China's August PPI was - 2.9% year - on - year, with the previous value at - 3.6%, and the month - on - month change turned flat from a 0.2% decline last month. August CPI was - 0.4% year - on - year, with the previous value at 0%, and the month - on - month change was flat. China's exports in August increased by 4.4% year - on - year in US dollars, and imports increased by 1.3%. US inflation was in line with expectations, with August CPI increasing by 2.9% year - on - year and 0.4% month - on - month. The August core CPI increased by 3.1% year - on - year and 0.3% month - on - month. The US non - farm annual revision was worse than expected, with a downward revision of 911,000. The market is pricing in three interest rate cuts. The European Central Bank kept interest rates unchanged [3]. 3.2 Supply - side - This week, lithium carbonate production continued to increase, reaching over 20,000 tons weekly and hitting a new high for the year. The significant increase in spodumene production offset the reduction in mica and salt lake production. As of September 12, lithium carbonate production was 21,000 tons, a week - on - week increase of 250 tons, and the enterprise operating rate was 48.64%, a week - on - week increase of 0.58% [4][9]. 3.3 Demand - side - From September 1 - 7, the retail sales of new energy vehicles in the national passenger car market were 181,000 units, a 3% year - on - year decrease compared to the same period last September and a 1% decrease compared to the previous month. The retail penetration rate of the new energy market was 59.6%, and the cumulative retail sales this year were 7.752 million units, a 25% year - on - year increase. The wholesale volume of new energy vehicles by national passenger car manufacturers was 179,000 units, a 5% year - on - year increase compared to the same period last September and a 12% increase compared to the previous month. The wholesale penetration rate of new energy manufacturers was 58.1%, and the cumulative wholesale volume this year was 9.122 million units, a 33% year - on - year increase [4]. 3.4 Cost and Profit - This week, the prices of lithium ore decreased. The African SC 5% was quoted at $610 per ton, a decrease of $20 per ton compared to last week; the Australian 6% spodumene CIF price was $800 per ton, a decrease of $30 per ton compared to last week; the lithium mica market price was 2,330 yuan per ton, unchanged from last week. As of September 12, the production cost of lithium carbonate was 65,367 yuan per ton, a week - on - week decrease of 1,830 yuan, and the industry profit was 7,809 yuan per ton, a week - on - week increase of 920 yuan [4][48][50]. 3.5 Total Inventory - As of September 11, the total lithium carbonate inventory was 138,512 tons, a decrease of 1,580 tons compared to last week. The inventory of upstream smelters was 36,213 tons, a week - on - week decrease of 3,262 tons. The total lithium carbonate inventory continued to decline, the smelter inventory decreased rapidly, and the downstream material factories continued to replenish their stocks [5][33]. 3.6 Market Outlook - This week, the new quotes for battery - grade lithium carbonate mostly fluctuated around the flat - water level, the basis strengthened, and the large - discount supplies decreased compared to the previous period. Lithium salt factories still had a price - holding sentiment, and most of the spot orders were pre - sold. The restocking enthusiasm of downstream material factories was fair, and market circulation improved. Overall, lithium carbonate production continued to increase, but the total inventory also decreased synchronously, indicating strong terminal demand. Prices are expected to maintain wide - range fluctuations in the short - term [5]. 3.7 Price List of the Lithium - battery Industry - The prices of most products in the lithium - battery industry decreased this week. For example, the 6% CIF spodumene price was $800 per ton, a 3.61% decrease compared to last week; the battery - grade lithium carbonate price was 71,000 yuan per ton, a 3.4% decrease compared to last week. However, some products such as the 523 ternary material and 523 ternary precursor saw price increases [6]. 3.8 Market Review - As of September 12, LC2511 closed at 71,160 yuan per ton, a 4.2% decrease compared to last week. The spot price of battery - grade lithium carbonate was 71,000 yuan per ton, a 3.4% decrease compared to last week, and the basis changed from a premium to a slight discount. The main contract position was 3.09 million. The main contract mostly declined this week. The news of Ningde's resumption of production had a negative impact on market sentiment [7]. 3.9 Production of Other Products - As of September 12, the production of lithium hydroxide was 5,235 tons, a week - on - week increase of 115 tons, and the enterprise operating rate was 36.04%, a week - on - week increase of 0.8%. The production of lithium iron phosphate was 78,307 tons, a week - on - week increase of 1,300 tons, and the enterprise operating rate was 68.9%, a week - on - week increase of 1.2% [11][14]. 3.10 Downstream Inventory - As of September 12, the total inventory of the lithium iron phosphate industry was 49,550 tons, an increase of 1,350 tons compared to last week. The finished - product inventory of lithium iron phosphate increased significantly, and the industry was in a situation of strong supply and demand [37]. 3.11 Cost - side - As of September 12, the African SC 5% was quoted at $610 per ton, a decrease of $20 per ton compared to last week; the Australian 6% spodumene CIF price was $800 per ton, a decrease of $30 per ton compared to last week; the lithium mica market price was 2,330 yuan per ton, unchanged from last week. Lithium ore prices fluctuated around lithium salt prices, with low spot circulation [48]. 3.12 Profit of Other Products - As of September 12, the production cost of lithium hydroxide was 68,514 yuan per ton, a week - on - week decrease of 938 yuan, and the industry profit was 6,600 yuan per ton, a week - on - week increase of 184 yuan. The production cost of lithium iron phosphate was 34,362 yuan per ton, a week - on - week decrease of 573 yuan per ton, and it was in a loss state of 943 yuan per ton, unchanged from last week [53][56].

Economic Indicators - The weekly ECI supply index is at 50.04%, up 0.01 percentage points from last week, while the demand index is at 49.91%, also up 0.01 percentage points[6] - The monthly ECI supply index decreased by 0.03 percentage points from August, while the demand index increased by 0.01 percentage points[7] - The construction sector shows improvement with a significant increase in infrastructure workload in early September, with a year-on-year improvement in construction activity[6] Market Trends - The ELI index remains stable at -0.69%, indicating rising market expectations for the resumption of government bond trading[11] - Despite seasonal recovery in August financial data, new loan demand remains weak, posing risks to social financing growth and M2 supply[14] - The real estate market shows signs of recovery, with a 6.8% increase in transaction area in major cities compared to a -9.9% decline in August[6] Consumer Behavior - Passenger car retail sales in early September show a decline of 10.0% year-on-year, with average daily sales recorded at 43,483 units[21] - The consumer price index for key monitored vegetables is at 5.11 yuan/kg, reflecting a slight increase[38] Investment Insights - The operating rate for asphalt plants increased by 6.80 percentage points to 34.90%, indicating a recovery in infrastructure investment[26] - The average price of ordinary Portland cement is recorded at 272.80 yuan/ton, showing a slight increase[27] Export Performance - The export growth rate for South Korea in early September is at 3.80%, recovering from a previous decline[32] - The Shanghai export container freight index decreased to 1398.11 points, down 46.33 points from the previous week[33] Monetary Policy - The central bank conducted a net monetary injection of 196.1 billion yuan this week, with a total reverse repurchase operation of 1.2645 trillion yuan[41] - The 10-year government bond yield increased slightly to 1.8650% from 1.8466% at the beginning of the week[41] Risk Factors - Uncertainties remain regarding U.S. tariff policies and the sustainability of real estate market improvements[48]

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Report Industry Investment Ratings No information provided in the text. Core Views of the Report - After continuous pre - rise, high - level hot sectors like AI have shown divergence recently, with funds switching between high and low levels and rapid rotation. The short - term index faces adjustment pressure, but the long - term view is to go long on dips as policy support for the capital market remains unchanged [2][3]. - The bond market is expected to be in a short - term shock pattern. Although the central bank maintains a positive attitude towards funds, the rise in market risk preference suppresses bond market sentiment, and attention should be paid to the stock - bond seesaw effect [4][5]. - For the precious metals sector, with the weakening of the US labor market and the easing of inflation data, the market expects the Fed to cut interest rates three times this year. It is recommended to go long on dips, especially focusing on the upward opportunity of silver prices [6][7]. - In the non - ferrous metals sector, most metal prices are affected by factors such as macroeconomic data, supply and demand in the industrial chain, and inventory changes. Different metals have different trends and investment suggestions, but generally, the positive macro - atmosphere and the Fed's interest - rate cut expectations have a certain impact on the sector [9][10][15]. - In the black building materials sector, steel prices may decline if demand cannot be effectively repaired. Iron ore prices are expected to be short - term shock - strong. Glass and soda ash prices are expected to be in a shock pattern, and the prices of manganese silicon and silicon iron are recommended to be observed [25][27][29]. - In the energy chemical sector, different chemical products have different trends. For example, rubber is recommended to be observed in the short - term, and crude oil is recommended to be long - allocated. Methanol, urea, and other products have corresponding investment suggestions based on their supply - demand and cost situations [37][38][39]. - In the agricultural products sector, the prices of different agricultural products such as live pigs, eggs, and soybean meal are affected by factors such as supply - demand, inventory, and weather. Different trading strategies are proposed for each product [53][54][55]. Summaries by Related Catalogs Macro - financial Category Index Futures - **News**: The State Council approves a two - year comprehensive reform pilot of factor market allocation in 10 regions. US investors' attention to the Chinese market has reached the highest level since 2021. US CPI data in August slightly exceeded expectations, and traders fully priced in three Fed interest - rate cuts by the end of 2025 [2]. - **Basis Ratio**: Different basis ratios are provided for IF, IC, IM, and IH contracts [3]. - **Trading Logic**: After the previous rise, high - level hot sectors show divergence, and the short - term index faces adjustment pressure. In the long - term, the policy supports the capital market, and the idea is to go long on dips [3]. Treasury Bonds - **Market Quotes**: On Thursday, the main contracts of TL, T, TF, and TS had different price changes [4]. - **News**: The State Council approves a comprehensive reform pilot of factor market allocation, and the Ministry of Commerce promotes the opening up of digital trade. The central bank conducts a net injection of 794 billion yuan through reverse repurchase operations [4]. - **Strategy**: The manufacturing PMI in August improved but remained below the boom - bust line. The central bank maintains a positive attitude towards funds, and the bond market is expected to be in a short - term shock pattern [5]. Precious Metals - **Market Quotes**: The prices of Shanghai gold, Shanghai silver, COMEX gold, and COMEX silver had different changes. The US 10 - year Treasury yield and the US dollar index are provided [6]. - **Market Outlook**: The US CPI data slightly exceeded expectations, and the labor market data was weak. The market expects the Fed to cut interest rates three times this year. It is recommended to go long on dips, focusing on silver [6][7]. Non - ferrous Metals Category Copper - **Market Quotes**: LME copper and Shanghai copper prices rose. LME copper inventory decreased, and the domestic electrolytic aluminum inventory decreased [9]. - **Price Outlook**: The US employment data is weak, and the Fed is expected to be dovish. Overseas copper mine supply is disturbed, and domestic copper production decreases marginally. Copper prices are expected to be strong [9]. Aluminum - **Market Quotes**: LME aluminum and Shanghai aluminum prices rose. The domestic aluminum ingot inventory decreased, and the demand for aluminum rods decreased [10]. - **Price Outlook**: The macro - sentiment is positive, and overseas interest - rate cut expectations and aluminum exports support the price. The domestic terminal demand improvement is weak, and attention should be paid to the peak - season demand and inventory [10]. Zinc - **Market Quotes**: The Shanghai zinc index and LME zinc prices rose. Zinc ore and zinc ingot inventories increased, and the domestic supply is loose [11]. - **Price Outlook**: The zinc market is in a situation of internal weakness and external strength. It is expected to be in a low - level shock pattern [11]. Lead - **Market Quotes**: The Shanghai lead index and LME lead prices rose. The lead industry is in a situation of weak supply and demand, and the domestic inventory decreased slightly [12]. - **Price Outlook**: The Fed's interest - rate cut expectation supports the price, but if the commodity sentiment weakens, the lead price may decline [12]. Nickel - **Market Outlook**: The US initial jobless claims data strengthens the Fed's interest - rate cut expectation. Nickel iron prices are expected to be stable and strong, and intermediate product prices are supported. It is recommended to go long on dips [13][15]. Tin - **Market Outlook**: The resumption of tin mines in Myanmar is slow, and the domestic tin production is expected to decrease in September. The downstream demand is in the off - season, and tin prices are expected to be in a shock pattern [16]. Carbonate Lithium - **Market Outlook**: The production of carbonate lithium increased this week, and the inventory decreased. It is expected to continue to deplete inventory in the peak season, and there may be structural opportunities. Attention should be paid to market and industrial information [17]. Alumina - **Market Quotes**: The alumina index rose, and the futures inventory increased. The overseas ore supply is improving, and the short - term strategy is to wait and see [18]. Stainless Steel - **Market Quotes**: The stainless steel futures price decreased slightly, and the spot market was in a narrow - range shock. The 304 hot - rolled steel supply was tight, and the overall market trading atmosphere was weak [20][21]. Casting Aluminum Alloy - **Market Quotes**: The AD2511 contract rose, and the inventory increased. The downstream is transitioning from the off - season to the peak season, and the price is expected to remain high [22]. Black Building Materials Category Steel - **Market Quotes**: The prices of rebar and hot - rolled coil futures decreased. The rebar demand is weak, and the hot - rolled coil demand is relatively strong [24][25]. - **Price Outlook**: If the demand cannot be repaired, steel prices may decline. Attention should be paid to safety inspections and environmental protection restrictions [25]. Iron Ore - **Market Quotes**: The iron ore futures price decreased. The overseas iron ore shipment decreased, and the demand is supported in the short - term. The inventory increased slightly [26][27]. - **Price Outlook**: Iron ore prices are expected to be short - term shock - strong, and attention should be paid to downstream demand recovery and de - stocking speed [27]. Glass and Soda Ash - **Glass**: The spot price decreased, and the inventory decreased. The glass production increased, but the demand data has not improved significantly. The price adjustment space is limited [28]. - **Soda Ash**: The spot price increased slightly, and the inventory decreased. The supply is at a high level, and the price is expected to be in a shock pattern in the short - term and may rise in the long - term [29]. Manganese Silicon and Silicon Iron - **Market Quotes**: The prices of manganese silicon and silicon iron futures had different changes. The market is affected by the "anti - involution" sentiment, and the short - term trading strategy is to wait and see [30][31]. - **Outlook**: The black - building materials sector focuses on the verification of real - end demand. Manganese silicon and silicon iron are expected to follow the black - sector sentiment [32]. Industrial Silicon and Polysilicon - **Industrial Silicon**: The futures price rose slightly. The supply and demand increased in August, and it is expected to be in a shock pattern in September, affected by downstream integration and market sentiment [33][34]. - **Polysilicon**: The futures price rose. The polysilicon market is in a "weak reality, strong expectation" situation, and the price is expected to be in a shock pattern, affected by capacity integration and downstream price - passing [34][35]. Energy Chemical Category Rubber - **Market Outlook**: NR and RU are in a weak shock. The future rainfall in Thailand is expected to decrease, and there are different views on the rise and fall of rubber prices. The medium - term view is long, and the short - term view is neutral [37][38]. Crude Oil - **Market Quotes**: The INE crude oil futures price rose, and the prices of high - sulfur and low - sulfur fuel oil had different changes. The Singapore oil product inventory decreased [39]. - **Outlook**: It is believed that OPEC's production increase is a pressure test. The oil price is underestimated, and it is recommended to long - allocate crude oil [39]. Methanol - **Market Outlook**: The methanol futures price decreased. The port inventory is high, but the supply is sufficient, and the demand is expected to improve. It is recommended to go long on dips and consider the 1 - 5 positive spread [40]. Urea - **Market Outlook**: The urea futures price rose slightly. The demand is weak, and the inventory is high. It is recommended to go long on dips [41]. Styrene - **Market Outlook**: The spot price is unchanged, and the futures price rose. The BZN spread is expected to repair, and it is recommended to go long on the pure benzene US - South Korea spread on dips [42]. PVC - **Market Outlook**: The PVC futures price rose. The supply is strong, the demand is weak, and the export expectation is weak. It is recommended to short - allocate on highs, but beware of the "anti - involution" sentiment [45]. Ethylene Glycol - **Market Outlook**: The EG01 contract price decreased. The supply is high, and the port inventory is expected to increase in the medium - term. The valuation is high in the short - term and may decline in the medium - term [46]. PTA - **Market Outlook**: The PTA01 contract price decreased. The supply is in a de - stocking pattern, and the demand is improving. It is recommended to go long on dips following PX [47]. p - Xylene - **Market Outlook**: The PX11 contract price rose. The PX load is high, and the downstream PTA load is low. The valuation is neutral - low, and it is recommended to go long on dips following crude oil [48][49]. Polyethylene - **Market Outlook**: The polyethylene futures price decreased. The cost is supported, the inventory is decreasing, and the demand is expected to increase seasonally. The price is expected to rise in a shock [50]. Polypropylene - **Market Outlook**: The polypropylene futures price decreased. The supply pressure is high, and the demand is rebounding seasonally. It is recommended to go long on the LL - PP2601 contract on dips [51]. Agricultural Products Category Live Pigs - **Market Outlook**: The domestic pig price is in a bottom - grinding state, with potential support factors. It is recommended to pay attention to the low - level rebound and short - sell after the rebound [53]. Eggs - **Market Outlook**: The egg price mostly rose. The supply pressure is decreasing, and it is recommended to wait and see, and consider short - term long positions after the price decline [54]. Soybean and Rapeseed Meal - **Important Information**: The US soybean price rose slightly, and the domestic soybean meal market is affected by high inventory. The soybean优良率 may decline, and attention should be paid to the USDA report [55]. - **Trading Strategy**: The soybean import cost is weak - stable. It is recommended to go long on dips in the low - cost range of soybean meal [56]. Oils and Fats - **Important Information**: The export of Malaysian palm oil decreased, and the production decreased. The import price of domestic palm oil is inverted. The domestic oils and fats market is affected by multiple factors [57]. - **Trading Strategy**: The oil and fat market is expected to be shock - strong in the medium - term. It is recommended to buy on dips after the price decline [58][59]. Sugar - **Market Outlook**: The Zhengzhou sugar futures price rebounded. The domestic and foreign sugar markets are bearish, and the sugar price is expected to decline, depending on the Brazilian production [60][61]. Cotton - **Market Outlook**: The Zhengzhou cotton futures price is in a shock. The downstream consumption is general, and the new - year production is expected to be high. The inventory is low, and the short - term cotton price is expected to be in a shock [62][63].