Group 1: Industry Investment Ratings - Not provided in the report Group 2: Core Views - For silicon ferroalloy, prices are supported by the successive shutdowns in major production areas. For manganese silicon, it shows a weak and volatile trend due to the resonance of the black - plate sector [1] - The trend strength of silicon ferroalloy is 1, and that of manganese silicon is 0 [3] Group 3: Summary by Relevant Catalogs 1. Fundamental Tracking Futures Data - Silicon ferroalloy 2505: closing price 5952 yuan/ton, up 58 yuan from the previous trading day, trading volume 66,794, open interest 90,745 [1] - Silicon ferroalloy 2506: closing price 5866 yuan/ton, up 58 yuan from the previous trading day, trading volume 145,389, open interest 189,424 [1] - Manganese silicon 2505: closing price 5962 yuan/ton, down 60 yuan from the previous trading day, trading volume 185,990, open interest 328,693 [1] - Manganese silicon 2506: closing price 5986 yuan/ton, down 58 yuan from the previous trading day, trading volume 40,425, open interest 93,887 [1] Spot Data - FeSi75 - B silicon ferroalloy in Inner Mongolia: price 5660 yuan/ton [1] - FeMn65Si17 silicon - manganese in Inner Mongolia: price 5800 yuan/ton [1] - Mn44 block manganese ore: price 42.0 yuan/ton - degree, down 0.5 yuan/ton - degree from the previous trading day [1] - Small - sized semi - coke in Shenmu: price 610 yuan/ton [1] Spread Data - Silicon ferroalloy (spot - 05 futures): - 292 yuan/ton, down 58 yuan/ton from the previous trading day [1] - Manganese silicon (spot - 05 futures): - 162 yuan/ton, up 60 yuan/ton from the previous trading day [1] - Silicon ferroalloy 2505 - 2509: 14 yuan/ton, up 8 yuan/ton from the previous trading day [1] - Manganese silicon 2505 - 2509: - 94 yuan/ton, down 10 yuan/ton from the previous trading day [1] - Manganese silicon 2505 - silicon ferroalloy 2505: 10 yuan/ton, down 118 yuan/ton from the previous trading day [1] - Manganese silicon 2509 - silicon ferroalloy 2509: 118 yuan/ton, down 100 yuan/ton from the previous trading day [1] 2. Macro and Industry News - On April 8, the price of 72 silicon ferroalloy in Shaanxi was 5500 - 5600 yuan/ton, in Ningxia 5600 - 5700 yuan/ton, in Qinghai 5600 - 5700 yuan/ton, in Gansu 5700 yuan/ton, and in Inner Mongolia 5600 - 5700 yuan/ton (down 50 yuan/ton). The price of 75 silicon ferroalloy in Shaanxi was 6200 - 6250 yuan/ton, in Ningxia 6100 - 6150 yuan/ton, in Qinghai 6150 yuan/ton, in Gansu 6150 - 6200 yuan/ton, and in Inner Mongolia 6100 - 6150 yuan/ton (cash - inclusive natural lump ex - factory price, yuan/ton). The FOB price of 72 silicon ferroalloy was 1050 - 1080 US dollars/ton, and that of 75 was 1100 - 1120 US dollars/ton (tax - inclusive). The 6517 silicon - manganese was weakly stable, with north - south quotes at 5800 - 5950 yuan/ton (up 50 yuan/ton, cash ex - factory tax - inclusive quote) [1] - A silicon - manganese plant in Ningxia reduced production by 1 silicon - manganese furnace today, with daily output reduced by 200 tons, and is expected to shut down for 1 month, subject to market conditions later. A new material company in Gansu shut down 2 40500kva and 5 12500kva furnaces, involving common silicon and high - purity silicon ferroalloy, with a cumulative reduction in daily output of about 400 tons. All the silicon - ferroalloy electric furnaces of an iron - alloy plant in Gansu shut down today, and another manufacturer plans to shut down 1 25500kva silicon - ferroalloy furnace, reducing daily output by 70 tons [1] - A steel plant in Shandong's Rizhao company set the price of 75B silicon ferroalloy at 6030 yuan/ton in cash on April 3, down 60 yuan/ton from the previous round, with a purchase volume of 350 tons. A steel plant in Guangdong set the purchase price of 75B silicon ferroalloy at 6280 yuan/ton in acceptance. Another steel plant in Guangdong set the purchase price of 75B silicon ferroalloy at 6190 yuan/ton in cash, with a volume of 800 tons [2][3]

交易咨询业务资格：证监许可【2012】1091号 豆粕早报 2025-04-07 CONTENTS 目 录 1 每日提示 2 近期要闻 大越期货投资咨询部：王明伟 从业资格证号：F0283029 投资咨询资格证号：Z0010442 联系方式：0575-85226759 重要提示：本报告非期货交易咨询业务项下服务，其中的观点和信息仅作参考之用，不构成对任何人的投资建议。 我司不会因为关注、收到或阅读本报告内容而视相关人员为客户；市场有风险，投资需谨慎。 3 多空关注 4 基本面数据 5 持仓数据 ✸豆粕观点和策略 豆粕M2505：日内2940至3000区间操作。 1.基本面：美豆大幅下挫，中国对美豆进口加征34%关税和技术性抛盘打压，美豆短期千点 关口下方震荡等待中美关税战后续和南美大豆产区收割天气进一步指引。国内豆粕震荡 回升，中美关税战升级和短期技术性买盘支撑，豆粕春节后短期供需两淡，进口巴西大 豆到港增多和中美关税战预期交互影响，整体维持震荡偏强格局。偏多 2.基差：现货3030（华东），基差165，升水期货。偏多 3.库存：油厂豆粕库存74.8万吨，上周74.92万吨，环比减少0.16%，去年同期31. ...

2025 年 04 月 07 日 商 品 研 究 工业硅：情绪面利空叠加弱势基本面，下跌幅 度扩大 多晶硅：加征关税实质影响不大，关注回调做 多机会 张 航 投资咨询从业资格号：Z0018008 zhanghang022595@gtjas.com 【基本面跟踪】 工业硅、多晶硅基本面数据 | | | | 指标名称 | T | T-1 | T-5 | T-22 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | Si2505收盘价（元/吨） | 9,820 | 60 | -100 | -520 | | | | | Si2505成交量（手） | 136,700 | 11,001 | -46,743 | 24,943 | | | | | Si2505持仓量（手） | 179,598 | -12,882 | -57,805 | -73,585 | | | | 工业硅、多晶硅期货市场 | PS2506收盘价（元/吨） | 43,650 | -30 | -110 | - | | | | | PS2506成交量（手） | 14,315 | 3,034 | ...

2025 年 4 月 7 日 对二甲苯：中美互加关税，成本坍塌，趋势偏弱 PTA：成本坍塌，需求预期走弱，多 MEG 空 PTA 贺晓勤 投资咨询从业资格号：Z0017709 hexiaoqin024367@gtjas.com 【基本面跟踪】 对二甲苯、PTA、MEG 基本面数据 | 日 期 | P X主力收盘 | PTA主力收盘 | MEG主力收盘 | P F主力收盘 | S C主力收盘 | | --- | --- | --- | --- | --- | --- | | 2025-04-03 | 6792 | 4802 | 4439 | 6482 | 3731 | | 2025-04-02 | 6934 | 4898 | 4502 | 6630 | 3787 | | 2025-04-01 | 6986 | 4894 | 4515 | 6662 | 3777 | | 2025-03-31 | 6858 | 4842 | 4447 | 6590 | 3677 | | 2025-03-28 | 6932 | 4894 | 4451 | 6646 | 3702 | | 日度变化 | -2.0% | -2.0% | ...

Report Summary 1) Report Industry Investment Rating No relevant information provided. 2) Core View of the Report - The static valuation range of the synthetic rubber futures fundamentals is 12,800 - 13,800 yuan/ton. Due to the neutral fundamentals of butadiene, the dynamic valuation range is expected to fluctuate mainly. The upper valuation high of the fundamentals is around 13,700 - 13,800 yuan/ton on the disk. When the main BR2405 contract has a premium of about 200 yuan/ton over the market price in Shandong area, there is a risk - free arbitrage space of holding spot and shorting the disk, which will increase the pressure on the upper space of the disk. The butadiene is expected to support the price of cis - butadiene rubber from the cost side, and the theoretical valuation bottom range of the disk is 12,800 yuan/ton [1][3]. - In the short term, butadiene shows a pattern of fluctuating with support. Low - price spot has demand support, and some enterprises raised their quotes by 100 yuan/ton yesterday. Against the background of continuous rise in crude oil and a slight increase in butadiene, it supports the cis - butadiene rubber futures [3]. 3) Summary According to the Catalog [Fundamental Tracking] - **Futures Market**: The closing price of the main cis - butadiene rubber contract (05 contract) increased by 65 yuan/ton to 13,600 yuan/ton, the trading volume decreased by 16,107 lots to 86,377 lots, the open interest decreased by 3,164 lots to 27,477 lots, and the trading volume decreased by 109,684 ten - thousand yuan to 585,363 ten - thousand yuan [1]. - **Spread Data**: The basis of Shandong cis - butadiene rubber minus the futures main contract decreased by 65 to 100, the monthly spread of BR04 - BR05 increased by 25 to - 50. The prices of cis - butadiene rubber in North China, East China, and South China remained unchanged, and the market price of Shandong cis - butadiene rubber (delivery product) remained unchanged at 13,700 yuan/ton. The prices of Qilu styrene - butadiene rubber (model 1502 and 1712) remained unchanged, the mainstream price of butadiene in Jiangsu remained unchanged at 11,100 yuan/ton, and the mainstream price in Shandong decreased by 25 yuan/ton to 11,250 yuan/ton [1]. - **Fundamentals**: The cis - butadiene rubber operating rate increased by 0.96 percentage points to 58.9261%, the theoretical full cost of cis - butadiene rubber increased by 103 yuan/ton to 14,036 yuan/ton, and the profit of cis - butadiene rubber decreased by 103 yuan/ton to - 236 yuan/ton [1]. [Industry News] - The static and dynamic valuation ranges of the synthetic rubber futures fundamentals are analyzed, and the upper and lower valuation limits are given. The cost - based calculation of the full cost of cis - butadiene rubber is also provided [1][3]. - The short - term trend of butadiene is analyzed, and it is pointed out that the cis - butadiene rubber futures is supported by the rise of butadiene and crude oil. Attention should be paid to the transaction volume of butadiene and the explicit inventory data of synthetic rubber and butadiene [3]. [Trend Intensity] The trend intensity of synthetic rubber is 0, indicating a neutral trend [3].

Report Summary 1. Report Industry Investment Ratings No specific industry investment ratings are provided in the report. 2. Core Views - **Iron Ore**: Expected to fluctuate repeatedly [2][6] - **Rebar and Hot - Rolled Coil**: Sentiment has improved, with short - term rebounds expected [2][7] - **Silicon Ferrosilicon**: Due to the resonance of the black sector, it will experience wide - range fluctuations [2][12] - **Manganese Silicide**: Disturbed by ore - end information, it will have a slight rebound [2][13] - **Coke**: The expectation of price increases is rising, and the trend is oscillating strongly [2][17] - **Coking Coal**: Expected to be oscillating strongly [2][17] - **Steam Coal**: With high - level inventory, prices are under pressure [2][21] - **Glass**: The price of the original sheet remains stable [2][25] 3. Summary by Commodity Iron Ore - **Price Data**: The closing price of I2505 was 792.0 yuan/ton, up 19.0 yuan/ton with a 2.46% increase. The import prices of some ores decreased slightly, while the price of domestic Tangshan ore increased by 2.0 yuan/ton [5] - **News**: The Caixin China Manufacturing PMI in March was 51.2, up 0.4 percentage points from February, reaching a new high since December 2024 [5] - **Trend Intensity**: 0, indicating a neutral trend [5] Rebar and Hot - Rolled Coil - **Price Data**: The closing price of RB2505 was 3,170 yuan/ton, down 3 yuan/ton (- 0.09%); HC2505 was 3,359 yuan/ton, up 8 yuan/ton (0.24%). Some spot prices increased [7] - **News**: In the weekly data on March 28, rebar production increased by 1.22 tons, hot - rolled coil by 0.42 tons; total inventory of rebar decreased by 17.89 tons, hot - rolled coil by 13.94 tons; apparent demand of rebar increased by 2.33 tons, hot - rolled coil by 8.04 tons. The Caixin China Manufacturing PMI in March was 51.2 [7][8][9] - **Trend Intensity**: 1 for both, indicating a moderately strong trend [10] Silicon Ferrosilicon and Manganese Silicide - **Price Data**: The closing prices of silicon ferrosilicon 2504 and 2505 were 5958 and 5984 yuan/ton respectively; manganese silicide 2504 and 2505 were 6274 and 6146 yuan/ton respectively. Some spot prices changed [13] - **News**: The prices of some silicon ferrosilicon and silicon manganese products changed. UMK will export manganese ore by rail due to decreased demand. South Africa's manganese ore exports in February decreased compared to the same period last year [14][15] - **Trend Intensity**: 0 for both, indicating a neutral trend [16] Coke and Coking Coal - **Price Data**: The closing prices of JM2505 and J2505 were 1008 and 1648 yuan/ton respectively, with increases of 19.5 yuan/ton (1.97%) and 65.5 yuan/ton (4.14%). Some spot prices remained stable [17] - **News**: Some metallurgical coal index prices changed. On April 1, in the top 20 member positions of DCE, the long positions of JM2505 decreased by 17475 hands, and the short positions decreased by 16291 hands; for J2505, the long positions increased by 1222 hands, and the short positions increased by 1525 hands [17][18][19] - **Trend Intensity**: 0 for both, indicating a neutral trend [19] Steam Coal - **Price Data**: ZC2504 had no trading on the previous day. The previous opening price was 931.6000 yuan/ton, the highest was 931.6000 yuan/ton, the lowest was 840.0000 yuan/ton, and it closed at 840.0000 yuan/ton, down 51.4 yuan/ton [22] - **News**: There were price quotes for southern port foreign - trade steam coal and domestic steam coal production areas. On April 1, in the top 20 member positions of ZCE, the long and short positions of ZC2504 decreased by 0 hands [23] - **Trend Intensity**: 0, indicating a neutral trend [24] Glass - **Price Data**: The closing price of FG505 was 1235, up 4.04%. Some spot prices increased [25] - **News**: The domestic float glass original sheet was mainly stable, with price increases in the Shahe and Hubei markets. The sales of some float glass factories improved [25] - **Trend Intensity**: 1, indicating a moderately strong trend [25]

Report Industry Investment Rating - Not provided in the content Core Viewpoints of the Report - The soybean meal market is affected by multiple factors, including the Sino - US tariff war, South American soybean harvest weather, and Brazilian soybean production expectations. It is expected to be in a short - term volatile and slightly bullish pattern, with the bottom supported but the upward space limited [8][10]. - The soybean market is also influenced by similar factors. The domestic soybean has certain support at the bottom due to the high cost of imported soybeans and the national reserve purchase expectations, but the market is under pressure from the expected high yield of Brazilian soybeans and the expected increase in domestic soybean production [11][13]. Summary According to the Table of Contents 1. Daily Prompt - Soybean meal M2505: Operate within the range of 2820 - 2880 intraday [9]. - Soybean A2505: Operate within the range of 3900 - 4000 intraday [12]. 2. Recent News - After the Sino - US tariff war, the US soybeans are in a volatile consolidation. The weather in South American soybean - producing areas is still variable, and the Brazilian soybean harvest is accelerating. The US soybean market is waiting for further guidance on US soybean exports, South American soybean harvest weather, and the follow - up of the Sino - US tariff war [15]. - The US bio - policy agreement supports the short - term rebound of the US soybean market. The arrival of imported soybeans in China will reach a high level in April. After the Spring Festival, the domestic soybean and soybean meal inventories are low in the short term, and the short - term spot price of soybean meal is relatively strong due to the low supply [15]. - The reduction in domestic pig - breeding profits leads to low expectations for pig restocking. The demand for soybean meal is weak after the Spring Festival, but the tight supply supports the price expectation. Driven by the US soybean trend, the soybean meal may maintain a volatile pattern in the short and medium term [15]. - The low - level inventory of domestic oil - mill soybean meal has rebounded, and the falling spot price suppresses the short - term price expectation. The possibility of weather speculation in South American soybean - producing areas and the expected high yield are intertwined, and the soybean meal will remain volatile in the short term, waiting for the clear yield of South American soybeans and the further trend of US soybeans [15]. 3. Bullish and Bearish Concerns - **Soybean Meal Bullish Factors**: Short - term low arrival of imported soybeans in China, low - level inventory of domestic oil - mill soybean meal, and variable weather in South American soybean - producing areas [16]. - **Soybean Meal Bearish Factors**: The arrival of imported soybeans in China will increase to a high level in April, the progress of Brazilian soybean harvest is advancing, and the expected high yield continues [16]. - **Soybean Bullish Factors**: The high cost of imported US soybeans supports the bottom of the domestic soybean market, and the expectation of national reserve soybean purchase supports the domestic soybean price [17]. - **Soybean Bearish Factors**: The continuous expected high yield of Brazilian soybeans and China's increased purchase of Brazilian soybeans, and the expected increase in domestic new - season soybean production suppress the price expectation of soybeans [17]. 4. Fundamental Data - **Soybean Meal**: The spot price in East China is 3020, with a basis of 216, showing a premium over the futures. The oil - mill soybean meal inventory is 74.8 million tons, a 0.16% decrease from last week and a 139.13% increase from the same period last year [10]. - **Soybean**: The oil - mill soybean inventory is 247.92 million tons, a 1.54% decrease from last week and a 20.37% decrease from the same period last year [13]. 5. Position Data - For soybean meal, the short positions of the main force have decreased, and the funds have flowed out [10]. - For soybeans, the short positions of the main force have increased, and the funds have flowed out [13].

Report Industry Investment Rating No relevant information provided. Core Viewpoints of the Report - The soybean meal market is expected to maintain a short - term oscillatory and slightly stronger pattern, with the mid - term remaining range - bound. The soybean market will also experience short - term oscillations, influenced by factors such as the Sino - US tariff war, South American soybean harvest weather, and domestic policies [9][12]. - The short - term supply and demand of soybean meal after the Spring Festival are both weak, and the overall situation is affected by the trend of US soybeans. The domestic soybean market is affected by the Sino - US tariff war and the expected domestic soybean purchase and storage policy [10][13]. Summary by Directory 1. Daily Prompt - Soybean Meal M2505: Operate within the range of 2800 - 2860 intraday [9]. - Soybean A2505: Operate within the range of 3840 - 3940 intraday [12]. 2. Recent News - After the Sino - US tariff war, US soybeans are oscillating. The weather in South American soybean - producing areas is still variable, and the Brazilian soybean harvest is accelerating. The US soybean market is waiting for further guidance on Sino - US tariffs, exports, and harvest weather [15]. - The US bio - policy agreement supports the short - term rebound of the US soybean market. The arrival of imported soybeans in China will reach a high in April. After the Spring Festival, the short - term inventory of domestic soybeans and soybean meal is low, and the short - term spot price of soybean meal is relatively strong [15]. - The reduction in domestic pig - breeding profits leads to low expectations for pig restocking. The demand for soybean meal weakens after the Spring Festival, but the tight supply supports the price. Driven by the trend of US soybeans, soybean meal may maintain an oscillatory pattern in the short and medium term [15]. - The inventory of domestic oil - mill soybean meal is rising from a low level, and the falling spot price suppresses short - term price expectations. The speculation about the weather in South American soybean - producing areas and the expected high yield are intertwined, and soybean meal will maintain an oscillatory pattern in the short term [15]. 3. Bullish and Bearish Factors Bullish Factors for Soybean Meal - Short - term low arrival of imported soybeans in China [16]. - Low inventory of domestic oil - mill soybean meal [16]. - Uncertain weather in South American soybean - producing areas [16]. Bullish Factors for Soybeans - High cost of imported US soybeans supports the bottom of the domestic soybean market [17]. - Expected state purchase and storage of soybeans support domestic soybean prices [17]. Bearish Factors for Soybean Meal - The arrival of imported soybeans in China will increase to a high level in April [16]. - The progress of the Brazilian soybean harvest continues, and the expected high yield persists [16]. Bearish Factors for Soybeans - The expected high yield of Brazilian soybeans continues, and China is increasing purchases of Brazilian soybeans [17]. - The expected increase in domestic soybean production suppresses the price [17]. 4. Fundamental Data - **Soybean Meal**: The spot price in East China is 3050, with a basis of 199, indicating a premium over futures. The oil - mill soybean meal inventory is 74.8 million tons, a 0.16% decrease from last week and a 139.13% increase from the same period last year [10]. - **Soybeans**: The spot price is 4000, with a basis of 93, indicating a premium over futures. The oil - mill soybean inventory is 247.92 million tons, a 1.54% decrease from last week and a 20.37% decrease from the same period last year [13]. 5. Position Data - **Soybean Meal**: The main short positions are decreasing, and funds are flowing out [10]. - **Soybeans**: The main short positions are increasing, and funds are flowing in [13]. Other Data - **Price and Transaction Data**: The report provides the trading data of soybean meal and rapeseed meal from March 20 to March 31, including transaction prices, volumes, and the price difference between soybean meal and rapeseed meal [18]. - **Supply - Demand Balance Sheets**: Global and domestic soybean supply - demand balance sheets from 2015 to 2024 are presented, including harvest area, inventory, production, consumption, etc. [35][36]. - **Sowing and Growth Progress**: The sowing, growth, and harvest progress of soybeans in the US, Brazil, and Argentina from 2023 to 2025 are provided [37][38][39][40][41][42][43][44]. - **USDA Reports**: The USDA's monthly supply - demand reports from September 2024 to March 2025 are included, covering harvest area, yield, production, inventory, etc. [45]. - **Industry Conditions**: The export inspection of US soybeans is decreasing week - on - week and year - on - year. The inventory of oil - mill soybeans is decreasing, while the soybean meal inventory is rising from a low level. The unexecuted contracts of oil mills are decreasing, and the demand for stockpiling is weak in the short term. The soybean crushing volume of oil mills remains low, and the soybean meal production in February increased year - on - year. The import cost of Brazilian soybeans fluctuates slightly, and the import profit of soybeans is good. The inventory of pigs and sows decreased slightly in December, and the prices of pigs and piglets fluctuate slightly. The proportion of large pigs in China is decreasing, and the cost of secondary fattening of pigs is slightly decreasing. The domestic pig - breeding profit is slightly decreasing [46][48][50][52][54][56][58][60][62].

今 日 早 评 重点品种： 【短评-PTA】PXCFR当前报841美元/吨，PX-N205美元/吨； 华东PTA报4830元/吨，PTA现金流成本为4752元/吨。PTA负荷提 升至79.3%，处于历年同期中性水平。本周装置变动较多，恒力 3线220万吨、仪化300万吨恢复运行三房巷120万吨重启中，逸 盛大化375万吨按计划检修。评：随着PX正式进入集中检修季， 近期PX负荷逐步下滑，二季度PX整体去库预期可观；叠加目前 PX整体估值偏低，预计PX价格支撑逐步转强。PTA方面，本周三 套检修装置复工，PTA负荷提升至中位数水平，关注后续4月逸 盛海南等PTA装置检修兑现情况，下游看，织造坯布库存偏高叠 加年后接单较差，织造开机趋于见顶，整体不如去年；如果订 单持续疲弱，不排除开机可能会下调。整体上，终端需求负反 馈影响PTA加工费改善效果及心态，当前PTA反弹空间仍依赖原 油。逢低做多思路。 【短评-纯碱】 全国重质纯碱主流价1505元/吨，下降13元 /吨；纯碱开工82.49%，开工提升；金山、江苏井神检修结束， 盐湖、青海昆仑设备恢复；江苏德邦60万吨/年、连云港碱业 110万吨/年新产能预期一季度投产 ...

Core Viewpoint - The article discusses the challenges and uncertainties facing the international order in 2025, particularly in the context of falling oil prices and the need for effective trading tools for investors [1]. Group 1: Market Context - The international oil market has experienced a significant decline, with Brent crude oil prices dropping below $70 in March, leading to a weakening of domestic commodities [1]. - Despite the crisis, there are opportunities for skilled futures investors who are equipped with the right analytical tools [1]. Group 2: Evaluation of Futures Apps - The article evaluates several prominent futures trading apps in China, highlighting their features, content, and advantages [2]. Sina Finance App - Not a dedicated futures trading app but excels in providing real-time market data and analysis for various futures products, including international oil and metals [4]. - Offers a comprehensive news coverage with a rapid response to major events, covering over 80% of international financial conferences [5]. - The app is suitable for both novice and long-term investors due to its authoritative information and community of high-net-worth users [6]. Tonghuashun Futures - Features a comprehensive suite of tools including real-time market data, trading, and data analysis, with unique data on market positions [8]. - Provides a wealth of information on futures terminology, investment techniques, and market updates [9]. - User-friendly interface makes it accessible for beginners while meeting advanced analytical needs [10]. Wenhua Finance - Known for its stable system and accurate market data, offering real-time monitoring and advanced technical analysis tools [10]. - While it lacks the extensive news coverage of other apps, it provides professional market analysis reports [11]. - Strong technical analysis capabilities make it ideal for advanced users [12]. Dongfang Caifu Futures - Integrates resources from Dongfang Caifu Network, allowing seamless trading across stocks, funds, and futures [14]. - Timely and comprehensive news updates covering macroeconomic analysis and industry dynamics [15]. - Active community interaction provides diverse investment insights [16]. Boyi Master - Offers rapid and accurate market data display with various trading options and quantitative tools [16]. - Provides basic market information but lacks depth in news coverage [17]. - Excels in trading functionality, catering to investors focused on timely data [18]. Group 3: Overall Assessment - Each futures app has its unique strengths, with Sina Finance leading in information authority and market coverage, while Tonghuashun Futures stands out for its functionality and ease of use [19]. - Investors are encouraged to choose the app that best fits their needs to seize opportunities in the futures market [19].