陆军方队。 新华社记者 丁 汀摄 军事航天部队方队。 新华社记者 杨冠宇摄 信息支援部队方队。 新华社记者 孟 涛摄 空军方队。 新华社记者 张 龙摄 海军方队。 新华社记者 孙 非摄 火箭军方队。 新华社记者 辛悦卫摄 战旗方队。 新华社记者 肖艺九摄 网络空间部队方队。 翁奇羽摄（人民图片） 联勤保障部队方队。 新华社记者 刘大伟摄 上万名受阅官兵、数百台（套）地面装备、百余架战机，编成45个方（梯）队庄严接受祖国和人民检 阅。在党旗、国旗、军旗引领下，受阅方队擎军兵种军旗和武警部队旗集中亮相，这是我军力量结构新 布局在阅兵中的首次集中展示。 (责编：白宇、袁勃) 维和部队方队。 新华社记者 刘金海摄 ...

Group 1 - The military parade features a flag-guard team that performs without musical accompaniment, requiring precise movements and formations [4] - The ceremonial team, composed of members from the People's Liberation Army, showcases a uniform step length of 75 centimeters, with a tolerance of only 1 centimeter [4] - The youngest team in the parade is the Navy team, with an average age of under 21, consisting mostly of inexperienced members who have shown significant improvement through rigorous training [10] Group 2 - The Army and the Armed Police teams are the only ones performing the "chop gun" action during the parade, with the Army being the first to showcase this maneuver [7] - The Air Force team consists of personnel from frontline combat units, all of whom have undergone practical parachuting training [12] - The Rocket Force team includes soldiers from nearly a hundred units, all skilled in missile operations, highlighting the diverse expertise of the parade participants [12]

Group 1 - The National Flag Guard is the only team that performs without musical accompaniment, relying solely on their own rhythm [1] - The flag bearer must carry a 3.81-meter tall and 30-pound flagpole steadily forward [3] - The flag must be displayed in a perfect fan shape during the ceremony [6] Group 2 - The Honor Guard team, composed entirely of members from the PLA Honor Guard, is the first to march past Tiananmen Square, showcasing their precision with a required step length of 75 centimeters [6] - The three flag bearers of the Honor Guard are all post-90s, averaging 1.89 meters in height and have completed over 300 ceremonial tasks [6] - Only the Army and the Armed Police teams will perform the "gun salute" during the parade, with the Army being the first to do so [6] Group 3 - The youngest team in the parade is the Navy team, with an average age of under 21, consisting mostly of inexperienced members [6] - The Navy team has improved from being at the bottom of the rankings to now being in the upper-middle tier through hard training [8] - The Navy team member Xu Ke expressed initial challenges but has since adapted to the rigorous demands of the training [7] Group 4 - Each member of the parade has specialized skills, with the Air Force team consisting of personnel who have undergone actual parachute training [9] - The Rocket Force team includes soldiers from nearly a hundred units, all skilled in missile operations [9] - The parade features a display of disciplined and impressive young soldiers [10]

1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report - Gold prices are driven up by the strengthened expectation of a Fed rate cut in September, geopolitical risks in the Middle East and Eastern Europe, and the continuous gold - buying trend of global central banks [3]. - Copper prices are in a state of multi - factor intersection and remain volatile. The upside is limited by weak demand in the automotive, home appliance, and real estate sectors, while the support at 79,000 yuan/ton is solid [15]. - Aluminum prices are expected to be oscillatingly strong in the short term, but there is pressure above. Breaking through the 21,000 pressure level requires the fulfillment of peak - season expectations, a significant improvement in demand, and inventory reduction [35]. - Zinc prices are expected to oscillate in the short term, with the supply in an oversupply state and the demand awaiting the performance of the "Golden September and Silver October" [63]. - Nickel and stainless - steel prices are expected to oscillate within a range, with macro factors leading the market and little change in fundamentals [76]. - Tin prices have an upward driving force due to the tight supply, despite the demand pressure [93]. - Carbonate lithium futures are expected to enter an oscillating and consolidating stage, with attention paid to the environmental protection situation on the supply side and the continuation of downstream restocking [111]. - Industrial silicon prices are expected to oscillate at the bottom in the short term, with a relatively narrow price - fluctuation range [122]. - Polysilicon futures are expected to be oscillatingly strong, supported by the improved fundamentals from industrial integration [123]. 3. Summary by Related Catalogs Precious Metals - **Gold**: The expectation of a Fed rate cut in September has been strengthened to 89%, which suppresses the US dollar and boosts the financial attribute of gold. Geopolitical risks in the Middle East and Eastern Europe increase the demand for hedging, and the continuous gold - buying trend of global central banks provides long - term support, jointly driving up the gold price [3]. - **Silver**: No specific daily - view analysis provided, mainly shows relevant price and inventory data [4][12]. Copper - **Price**: The latest price of Shanghai copper futures shows an increase, with the daily increase of the main contract being 0.47%. The price of LME copper 3M also increases by 0.68%. The support at 79,000 yuan/ton is solid, but the upside is limited by weak demand [15][16]. - **Supply - demand**: The spot premium increases with the price increase, and the refined - scrap price difference is close to a reasonable level. The demand in the automotive, home appliance, and real estate sectors is weak, and the supply may shrink after September due to Fed rate cuts and maintenance [15]. Aluminum - **Aluminum**: The expectation of a Fed rate cut in September and domestic policies are beneficial to the price. The start - up rate of electrolytic aluminum has increased slightly, and the demand shows signs of recovery in the peak season, but the production and transportation control during the September parade may affect inventory reduction. The possible reduction in recycled aluminum supply supports the consumption of primary aluminum [35]. - **Alumina**: The supply of alumina is expected to be in a state of oversupply in the second half of the year, which suppresses the price. The environmental protection limit order for some alumina plants in Henan has only a short - term impact on production [36]. - **Casting Aluminum Alloy**: The supply of scrap aluminum is tight, and the cancellation of tax - return policies for some recycled aluminum enterprises may lead to a decline in the capacity utilization rate of waste - using enterprises, providing support for the price of aluminum alloy [37]. Zinc - **Supply**: The supply is in an oversupply state. The domestic zinc - ore price has an advantage, and the overseas zinc - ore supply is relatively loose. The increase in domestic processing fees in September may not be large, and the overseas refined - zinc increment is small [63]. - **Demand**: The demand is not significantly affected by the parade and remains stable. It is expected to improve during the "Golden September and Silver October", and there is a strong positive correlation with black varieties [63]. - **Inventory**: The LME inventory continues to decline, and the pattern of strong overseas and weak domestic zinc prices is more obvious [63]. Nickel - **Market Trend**: The nickel and stainless - steel markets oscillated last week, with macro factors leading the market and little change in fundamentals. The support of nickel ore continues, and the upward space of nickel iron needs attention. The new - energy sector was relatively strong last week [76]. Tin - **Supply - demand**: Tin prices are rising due to tight supply. Yunnan Tin plans to stop production for maintenance for 45 days starting from August 30. In August 2025, the output of refined tin decreased both month - on - month and year - on - year, mainly due to enterprise maintenance and the decrease in tin - concentrate imports in July [93]. Carbonate Lithium - **Market Sentiment**: The sentiment in the futures market declined last week, and the spot - market trading volume decreased. The production - scheduling data of downstream lithium - battery material enterprises increased by 5% month - on - month this month, providing support for the peak - season expectation. The futures market is expected to enter an oscillating and consolidating stage [111]. Silicon Industry Chain - **Industrial Silicon**: The downward space of industrial silicon is limited, and it is expected to oscillate at the bottom in the short term, with a relatively narrow price - fluctuation range [122]. - **Polysilicon**: Polysilicon futures are expected to be oscillatingly strong, supported by the improved fundamentals from industrial integration [123].

Group 1: Coal and Steel - The daily coke output of 247 steel mills decreased by 0.64 to 46.09 tons, with a capacity utilization rate of 84.99%, a decrease of 1.18%. Coke inventory increased by 0.48 to 610.07 tons, and the available days increased by 0.02 to 10.78 days. Coking coal inventory decreased by 0.46 to 811.85 tons, and the available days increased by 0.18 to 13.25 days. Injection coal inventory decreased by 0.14 to 423.32 tons, and the available days increased by 0.08 to 12.37 days. Before the parade, coal mine production tightened, and coke production declined slightly under production restrictions in some areas. The short - term coal futures market is supported, and attention should be paid to the supply recovery after the parade [1]. - The blast furnace operating rate of 247 steel mills was 83.2%, a decrease of 0.16 percentage points from last week; the blast furnace ironmaking capacity utilization rate was 90.02%, a decrease of 0.23 percentage points from last week; the steel mill profitability rate was 63.64%, a decrease of 1.30 percentage points from last week; the daily average hot metal output was 240.13 tons, a decrease of 0.62 tons from last week and an increase of 19.24 tons compared to last year. The steel industry has policy support, but the inventory of rebar is accumulating. The decline space of the futures market is limited, and attention should be paid to steel mill production restrictions and terminal demand [4]. Group 2: Livestock - As of August 29, the average slaughter weight of live pigs was 123.37 kg, a decrease of 0.01 kg. The weekly slaughter start - up rate was 30.18%, an increase of 0.04%. The profit of purchasing piglets for breeding was - 210.07 yuan per head, an increase of 4.66 yuan per head, and the profit of self - breeding and self - raising was - 7.85 yuan per head, an increase of 1.34 yuan per head. The price of piglets was 342.86 yuan per head, a decrease of 21.43 yuan per head. The price of live pigs rebounded slightly due to reduced supply from some scale enterprises and increased demand. It is recommended to hold short - term long positions and for farmers to choose the opportunity to sell for hedging [2]. Group 3: Minerals - The total inventory of imported iron ore in national steel mills was 9007.19 tons, a decrease of 58.28 tons from the previous period; the daily consumption of imported ore in the current sample steel mills was 296.10 tons, a decrease of 1.74 tons from the previous period; the inventory - to - consumption ratio was 30.42 days, a decrease of 0.02 days from the previous period. The iron ore market is expected to fluctuate. Overseas mine shipments decreased, and the arrival volume at 45 ports decreased slightly. The total supply is relatively stable, and the demand for iron ore is expected to recover after the parade [5]. Group 4: Oils and Fats - Indonesia will set the reference price of crude palm oil (CPO) in September at $954.71 per ton, higher than $910.91 in August. The export tax on crude palm oil will increase from $74 per ton in August to $124 per ton. Palm oil prices are expected to decline in the short term and operate weakly, but the downward space is limited due to the approaching consumption season [6]. Group 5: Chemicals - The market price of methanol in Jiangsu Taicang decreased by 7 yuan per ton to 2225 yuan per ton. The weekly domestic methanol capacity utilization rate increased by 1.07% to 84.84%. The methanol 01 contract is expected to fluctuate weakly in the short term, and it is recommended to hold short positions cautiously [7]. - The mainstream price of LLDPE in North China decreased by 7 yuan per ton to 7354 yuan per ton. The weekly LLDPE output decreased by 2.63% to 26.83 tons. The L2601 contract is expected to fluctuate in the short term, and it is recommended to wait and see [8]. - The mainstream price of heavy - duty soda ash in China decreased to 1290 yuan per ton. The weekly soda ash output decreased by 6.78% to 71.91 tons. The soda ash 01 contract is expected to fluctuate weakly in the short term, and it is recommended to short on rebounds [9]. Group 6: Precious Metals - The US core PCE price index in July increased by 2.9% year - on - year, reaching a new high since February 2025. Silver is expected to fluctuate upward [9]. - Concerns about the Fed's independence and the risk of stagflation in the US economy have increased the safe - haven property of gold. The mid - term trend of gold needs further observation [10]. Group 7: Energy - As of August 29, the number of active drilling rigs in the US increased by 1 to 412. OPEC+ will maintain a large increase in production in September, and the demand for traditional fuels in the US is expected to weaken. Crude oil is expected to fluctuate weakly [10][12]. - The cumulative asphalt output in August was 245 tons, a decrease of 10 tons from the previous month. The asphalt market is expected to fluctuate weakly due to reduced demand caused by rainfall [12]. Group 8: Rubber - The price of raw rubber latex in Thailand was 55.45 Thai baht per kg, and the price of cup lump was 50.5 Thai baht per kg. The supply of rubber is increasing, but the demand has not improved significantly. The rubber market is expected to fluctuate [13].

1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report - Gold prices are supported by a weakening US dollar index, an 87.2% probability of a Fed rate cut in September, mixed labor - market data, and Middle - East geopolitical tensions [3]. - Copper prices face upward pressure from the US dollar index and demand feedback at high prices, but are supported by increasing downstream acceptance, with a target support price of 78,000 yuan per ton [15]. - Aluminum is expected to oscillate with an upward bias in the short - term due to dovish Fed signals and increasing downstream restocking, while alumina is expected to oscillate weakly due to supply surpluses [33]. - Zinc is expected to oscillate in the short - term, with supply in a surplus state, stable demand, and potential risks of a short squeeze in LME inventories [62]. - The nickel industry shows stability in nickel ore, firmness in nickel iron, and an uncertain outlook for stainless steel and nickel sulfate, with attention on the September rate - cut expectation [77]. - Tin prices may rise due to falling social inventories and decent demand from solder enterprises [92]. - Carbonate lithium prices may have short - term rebound opportunities if there are supply disruptions, but the long - term supply - demand situation remains loose [103]. - Industrial silicon is in a wait - and - see state, with its开工 rate potentially peaking, and polysilicon requires attention to industry policies [111]. 3. Summaries by Related Catalogs 3.1 Precious Metals - **Gold**: Supported by a low - interest - rate environment, geopolitical risks, and economic data, pushing up prices [3]. - **Silver**: No specific daily view provided, but multiple data charts on prices, spreads, and inventories are presented [4][6][11]. 3.2 Copper - **Price Outlook**: Short - term upward pressure and downward support coexist, with a target support price of 78,000 yuan per ton [15]. - **Market Data**: Various copper futures and spot prices show daily increases, with different price changes in different contracts [16][19]. - **Inventory and Spread**: LME copper inventory increased by 1.19% to 157,950 tons, and the scrap - refined copper spread remained stable [15][31]. 3.3 Aluminum - **Aluminum**: Short - term upward - biased oscillation due to macro and demand factors [33]. - **Alumina**: Weak short - term oscillation due to supply surpluses, with a support range of 3000 - 3050 yuan per ton and a reference upper range of 3250 - 3300 yuan per ton [33]. - **Cast Aluminum Alloy**: Supported by tight scrap - aluminum supply and tax - policy changes, with a price spread of 400 - 500 yuan per ton from aluminum [34]. 3.4 Zinc - **Supply and Demand**: Supply is in a surplus state, demand is stable, and there is a potential short - squeeze risk in LME inventories [62]. - **Price Movement**: LME zinc prices rose by 0.73% to 2781 dollars per ton, while domestic zinc prices declined slightly [63]. 3.5 Nickel - **Nickel Ore**: Stable, with a possible slight decline in the Indonesian benchmark price in September [77]. - **Nickel Iron**: Relatively firm, with some large - scale transactions above 940 [77]. - **Stainless Steel and Nickel Sulfate**: Both show oscillating trends, with attention on the September - October peak season [77]. 3.6 Tin - **Price Outlook**: May rise due to falling social inventories and decent demand from solder enterprises [92]. - **Market Data**: Tin futures prices increased, with the Shanghai tin main contract rising 2.19% to 278,650 yuan per ton [93]. 3.7 Carbonate Lithium - **Price Outlook**: Short - term potential for price rebounds with supply disruptions, but long - term supply - demand remains loose [103]. - **Market Data**: Futures and spot prices declined, with the main carbonate lithium futures contract dropping 960 yuan to 77,180 yuan per ton [104][106]. 3.8 Industrial Silicon - **Market Outlook**: Suggest a wait - and - see approach, with the开工 rate potentially peaking [111]. - **Market Data**: Spot and futures prices declined, with the industrial silicon main contract dropping 2.1% to 8390 yuan per ton [112][115].

Group 1 - The upcoming military parade on September 3rd is generating significant attention, particularly regarding the ceremonial cannon salute [1] - The article highlights the precision and coordination involved in the cannon firing segment of the parade, showcasing the capabilities of the People's Liberation Army Honor Guard [1] - The production team behind the coverage includes notable figures such as producer Yao Qin and director Chen Chen, indicating a well-organized effort to present the event [1]

Group 1 - The article highlights the prominent use of gold elements in the ceremonial uniforms of the honor guard, emphasizing their visual appeal under sunlight [2] - The imagery of the team marching towards the sun is presented, symbolizing pride and unity [2]

Group 1 - The grand military parade will take place on September 3, lasting approximately 70 minutes, consisting of a ceremonial inspection and a display segment [1] - The parade will feature 45 formations, showcasing both veteran troops and new military structures, reflecting a combination of traditional and modern military capabilities [2] - The equipment formations will be organized into combat groups, including land, sea, air defense, information warfare, unmanned operations, logistics support, and strategic strike groups [2] Group 2 - The aerial formations will be modular and systematic, including advanced early warning aircraft, fighter jets, bombers, and transport aircraft, with some models making their public debut [2]

Group 1 - The core viewpoint of the article highlights the preparations for a military parade, showcasing the advancements in the air combat capabilities of the military [1] - The air formation is organized in a modular and systematic manner, including advanced early warning command aircraft, fighter jets, bombers, and transport aircraft [1] - The military's current main battle aircraft types are comprehensively covered, with many being popular equipment and some making their first public appearance [1]