【甲醇】 日内甲醇价格延续减仓震荡态势。煤炭价格低位震荡,内地装置检修重启增加,企业库存上升。沿海烯烃继续 提负,甲醇外采需求量增多，但进口到港量高，港口持续累库,基差延续走弱。供应回升预期下,甲醇市场预 期偏弱震荡,江苏海事船龄限制可能令华东港口货源趋紧,关注实质影响。 (尿素) 尿素期货价格维持偏弱走势。农需处于麦收空档期，随着夏季高氮肥生产的收尾,以及出口政策的明朗，市场 情绪转弱，生产企业持续累库，工厂让利，现货走低。装置检修量上升，负荷喀有下降，但依旧偏高，短期关 注整数关口支撑。 (聚烯烃) | Million | 国技斯员 | | | 化工日报 | | --- | --- | --- | --- | --- | | | | 操作评级 | | 2025年06月06日 | | 尿素 | ななな | 甲醇 | 女女女 | 庞春艳 首席分析师 | | 苯乙烯 | なな女 | 聚丙烯 | な女女 | F3011557 Z0011355 | | 班科 | なな女 | PVC | ☆☆☆ | | | 烧碱 | ★☆☆ | РХ | ★☆☆ | 牛卉 高级分析师 | | PTA | ★☆☆ | 乙二醇 | ★★ ...

瑞达期货研究院 「2025.06.06」 螺纹钢市场周报 研究员：蔡跃辉 期货从业资格号F0251444 期货投资咨询从业证书号Z0013101 取 更 多 资 讯 业务咨询 添加客服 关 注 我 们 获 目录 1、周度要点小结 2、期现市场 3、产业情况 4、期权市场 「周度要点小结1」 1. 价格及价差：截至6月6日收盘，螺纹主力合约期价2975（+14），杭州螺纹中天现货价格3130（+20）。（单位： 元/吨） 2. 产量：螺纹产量继续下调。218.46（-7.05）。（单位：万吨） 3. 需求：高温和雨水影响需求，表观需求下滑。本期表需229.03（-19.65），（同比-2.11）。（单位：万吨） 4. 库存：厂库和社库降幅缩窄，总库存四连降。螺纹钢总库存570.48（-10.57），（同比-205.12）。（单位： 万吨） 5. 盈利率：钢厂盈利率58.87%，环比上周持平，同比去年增加6.06个百分点。 「 周度要点小结2」 行情展望 行情回顾 3 来源：瑞达期货研究院 4 来源：瑞达期货研究院 1. 宏观方面：海外，（1）欧洲央行将三大关键利率下调25个基点，符合市场预期，这是欧洲央行202 ...

瑞达期货研究院 「2025.06.06」 热轧卷板市场周报 添加客服 研究员：蔡跃辉 期货从业资格号F0251444 期货投资咨询从业证书号Z0013101 取 更 多 资 讯 业务咨询 关 注 我 们 获 目录 1、周度要点小结 2、期现市场 3、产业情况 「周度要点小结1」 行情回顾 3 来源：瑞达期货研究院 1. 价格：截至6月6日收盘，热卷主力合约期价为3092（+16），杭州涟钢热卷现货价格为3220（+30）。（单位： 元/吨） 2. 产量：热卷产量继续上调。328.75（+9.2）。（单位：万吨） 3. 需求：表观需求下滑。本期表需320.92（-6.01），（同比-8.99）。（单位：万吨） 4. 库存：厂库与社库双增。总库存341.64（+7.38），（同比-74.21）。（单位：万吨） 5. 盈利率：钢厂盈利率58.87%，环比上周持平，同比去年增加6.06个百分点。 「 周度要点小结2」 行情展望 4 来源：瑞达期货研究院 1. 宏观方面：海外，（1）欧洲央行将三大关键利率下调25个基点，符合市场预期，这是欧洲央行2024年6月以来的第八次 降息。（2）特朗普表示美中关系十分重要，美方乐 ...

2025/6/6 14:11 【国富期货早间看点】MPOA 5 3.07% 19.79 20250606 【国富期货早间看点】MPOA马棕5月产量预估增长3.07% 美豆当周 净出口销售19.79万吨符合预期 20250606 2025年06月06日 07:31 上海 01 隔夜行情 | | 收盘价 | 上日 流跌幅(%) | 隔夜漆跌幅(%) | | --- | --- | --- | --- | | 马棕油08(BMD) | 3921.00 | -1.16 | 0. 44 | | 布伦特08(ICE) | 65. 29 | 0.59 | -0. 61 | | 美原油07(NYMEX) | 63. 25 | 0. 81 | -0. 75 | | 美豆07 (CBOT) | 1050. 50 | 0. 55 | 0. 17 | | 美豆箱07(CBOT) | 296. 80 | -0. 03 | 0. 27 | | 美豆油07(CBOT) | 46. 62 | -0. 21 | -0. 51 | | | 最新价 | 流跌幅(%) | 十日漆跌幅 | | --- | --- | --- | --- | | 美元 ...

Report Industry Investment Rating No relevant content provided. Core Viewpoints - On June 5, equity index futures rose, while CGB futures had mixed performance. Most commodities declined, with energy & chemical futures leading the declines [4][6][14][16]. - The Caixin China Manufacturing PMI dropped to 48.3 in May, falling below the critical threshold for the first time since October 2024, while the Caixin China Services PMI rose to 51.1, indicating that the pace of business expansion in the services sector has accelerated [4][6][45][46]. Summary by Directory 1. China Futures 1.1 Overview - On June 5, equity index futures rose, CGB futures had mixed performance, and most commodities declined, with energy & chemical futures leading the declines [4][6][14][16]. - The top three gainers were fiberboard (up 2.3% with a 226.9% month - on - month increase in open interest), coking coal (up 1.7% with a 3.4% month - on - month increase in open interest), and tin (up 1.5% with a 10.2% month - on - month decrease in open interest) [14][16]. - The top three decliners were aluminium oxide (down 2.9% with a 6.5% month - on - month increase in open interest), urea (down 2.9% with an 11.9% month - on - month increase in open interest), and rapeseed (down 1.8% with a 10.0% month - on - month increase in open interest) [15][16]. 1.2 Daily Rise 1.2.1 Coking Coal - On June 5, coking coal increased by 1.7% to 768 yuan/ton, and on June 4, the prices of coking coal and coke stopped falling and rebounded [20][24]. - Supply side: Some coal mines in Shanxi suspended or reduced production at the end of May and during the Dragon Boat Festival, and Shanxi entered a safety period with several safety accidents, raising market expectations of supply tightening. There were also rumors about Mongolia's coal tax increase and the new "Mineral Resources Law," but the authenticity of these rumors is doubtful, and the overall supply of coking coal is still relatively loose [21][24]. - Demand side: The output of molten iron declined at a high level, terminal steel demand entered the off - season, and there is an expectation of further decline in molten iron output. Coking enterprise profits shrank slightly, coke output declined slightly but remained stable overall. Downstream steel mills controlled inventory, and coking enterprises' raw material restocking enthusiasm declined [22][25]. - Outlook: The supply side is disturbed by rumors, and the basis converges when the valuation is low. The upward driving force is limited, and the rebound space of the market in the later period is expected to be limited, with the pressure level at the warehouse receipt level of 850 - 900 yuan/ton [23][25]. 1.3 Daily Drop 1.3.1 Aluminum - On June 5, aluminum remained at 20075 yuan/ton. Trump's trade protectionist measure of doubling import tariffs on steel and aluminum aggravated global trade tension, and the aluminum price declined from a high level recently [30][33]. - Supply side: The spot price of upstream alumina is firm, electrolytic aluminum enterprises' profits remain at a high level of fluctuation, and the import of electrolytic aluminum in China remains in a loss state, with limited supply growth room [31][33]. - Demand side: Downstream demand has strengthened to some extent. In the medium - to - long term, the supply - demand relationship of aluminum is in a tight balance, and the general direction of the aluminum price remains fluctuating. It is recommended to buy on dips [32][33]. 1.3.2 Aluminum Oxide - On June 5, aluminiium oxide decreased by 2.9% to 3063 yuan/ton. Spot price increase slows down, and the aluminium oxide market fluctuates [38][40]. - Since May 15, all operations of Shunda (SD) Mining in the AXIS mining area of Guinea have been suspended due to the revocation of the mining license [38][40]. - There is no shortage of ore in the short term. With the repair of the profit of the futures - spot market in the early stage, it is expected that the operating capacity will gradually recover and the inventory inflection point will be seen. The news of the revocation of the mining license in Guinea is repeated, and the market's game for the news is relatively intense [39][40]. 2. China News 2.1 Macro News - The Caixin China Manufacturing PMI for May came in at 48.3, falling below the critical threshold for the first time since October 2024, with an expected figure of 50.7 and a previous reading of 50.4 [45][46]. - The Caixin China Services PMI for May stood at 51.1, an increase of 0.4 percentage points compared to April, indicating that the pace of business expansion in the services sector has accelerated [45][46]. - The Ministry of Finance and the Ministry of Housing and Urban - Rural Development have organized the selection of the 2025 central finance - supported urban renewal actions, with a total of 20 cities including Beijing and Tianjin planned to be supported [45]. 2.2 Industry News - The CSRC will step up efforts to study and formulate "Several Opinions on Further Strengthening the Protection of Minority Investors in the Capital Market" to ensure effective investor protection [46]. - The SFC of Hong Kong is considering introducing virtual asset derivatives trading for professional investors and will formulate robust risk management measures [46].

Core Viewpoint - The drought situation in the U.S. Midwest is gradually easing, which is beneficial for the growth of new season crops, although there are concerns about warm and dry weather affecting recently planted soybeans [1] Group 1: U.S. Soybean Market - As of the week ending May 29, U.S. old crop soybean export sales were 194,300 tons, close to the lower end of market expectations [1] - New crop sales were only 3,500 tons, indicating a lack of significant overseas demand [1] - The market is optimistic about U.S.-China trade relations, which could lead to increased imports of U.S. agricultural products, alleviating soybean supply concerns [1] Group 2: Argentine Soybean Harvest - Argentina has completed 89% of its soybean harvest, an increase of 4% from the previous week [1] - The Buenos Aires Grain Exchange maintains its production forecast at 50 million tons, slightly above the USDA's estimate of 49 million tons [1] Group 3: Malaysian Palm Oil Production - Malaysian palm oil production increased by 3.07% month-on-month from May 1 to 31, with peninsula production up by 4.05% and East Malaysia production up by 1.90% [1] - April export volume rose by 24.6%, while March production increased by 17.66% [1] Group 4: Futures Market Trends - On Thursday, CBOT soybean futures rose moderately, closing about 0.5% higher, reaching a one-week high due to optimism in U.S.-China trade relations [1] - CBOT soybean oil futures experienced mixed results, closing about 0.3% lower due to weak export sales [1] - Domestic and international palm oil futures are experiencing narrow fluctuations due to increased production, while crude oil prices stabilize, creating a favorable atmosphere for oilseeds [1]

化工日报 | 2025-06-06 PTA跟随成本震荡运行 市场要闻与数据 周四PTA期货震荡收跌，现货市场商谈氛围一般，现货基差反弹。贸易商商谈为主，个别聚酯工厂补货。周度聚酯 负荷表现平稳小跌。 市场分析 成本端，近期市场关注OPEC+增产及地缘变化，油价震荡运行。 汽油和芳烃方面，当前欧美和新加坡汽油裂解价差季节性有反弹，但整体在新能源替代的背景下预计汽油裂解价 差上涨空间有限。芳烃方面，今年的调油需求已不值得过多的期待，国内外间歇性调油需求依靠石脑油基本可以 满足，限制芳烃进入汽油池的积极性。3~5月韩国出口到美国的芳烃调油料甲苯+MX+PX有明显下降，近期关注利 润恢复下PX短流程装置恢复情况，短流程利润修复下，PX 工厂重新开始外采 MX 。 。 PX方面，上上个交易日PXN262美元/吨(环比变动+0.00美元/吨）。近期国内外PX负荷整体提升，一方面是集中检修 期陆续结束，另一方面也与利润修复有关。随着供应恢复，PXN有所回落，不过目前现货市场货源仍较紧张，关 注后续PTA检修和新装置投产进展，PX供需偏紧能否延续。 TA方面，TA主力合约现货基差 216 元/吨(环比变动+19元/吨），PT ...

轮胎厂开工率环比下降 市场要闻与数据 化工日报 | 2025-06-06 期货方面，昨日收盘RU主力合约13545元/吨，较前一日变动-110元/吨。NR主力合约11965元/吨，较前一日变动-55 元/吨。现货方面，云南产全乳胶上海市场价格13500元/吨，较前一日变动-100元/吨。青岛保税区泰混13500元/吨， 较前一日变动-100元/吨。青岛保税区泰国20号标胶1690美元/吨，较前一日变动-10美元/吨。青岛保税区印尼20号 标胶1630美元/吨，较前一日变动-10美元/吨。中石油齐鲁石化BR9000出厂价格11400元/吨，较前一日变动+0元/吨。 浙江传化BR9000市场价11200元/吨，较前一日变动+0元/吨。 近期市场资讯：QinRex最新数据显示，印尼前4个月天然橡胶、混合胶合计出口58.6万吨，同比增加15%；合计出 口到中国13万吨，同比增282%。2025年前5个月，科特迪瓦橡胶出口量共计629,672吨，较2024年同期的583,437吨 增加7.9%。 根据第一商用车网初步掌握的数据，2025年5月份，我国重卡市场共计销售8.3万辆左右（批发口径，包含出口和新 能源），环比今 ...

新能源及有色金属日报 | 2025-06-06 周度库存与产量小幅增长，需注意减仓引发波动 市场分析 2025年6月5日，碳酸锂主力合约2505开于60500元/吨，收于60100元/吨，当日收盘价较昨日结算价收跌0.43%。当 日成交量为244592手，持仓量为231588手，较前一交易日减少14062手，根据SMM现货报价，目前期货贴水电碳100 元/吨。所有合约总持仓578419手，较前一交易日减少321手。当日合约总成交量较前一交易日减少255341手，成交 量减少，整体投机度为0.49。当日碳酸锂仓单33321手，较上个交易日减少140手。 碳酸锂现货：根据SMM数据，2025年6月5日电池级碳酸锂报价5.94-6.1万元/吨，较前一交易日下跌0.005万元/吨， 工业级碳酸锂报价5.81-5.91万元/吨，较前一交易日下跌0.005万元/吨。据SMM数据，碳酸锂现货成交价格重心持 续下移。5月下旬碳酸锂期货价格的阶段性反弹为非一体化锂盐厂提供了关键的套期保值机会，刺激6月供应端存 在恢复性增量预期，6月碳酸锂呈现供增需稳，过剩格局仍将持续。叠加港口锂矿石库存压力导致原料价格大幅下 跌，成本支撑减弱 ...

油料日报 | 2025-06-06 国产大豆需求平淡，价格震荡运行 大豆观点 市场分析 期货方面，昨日收盘豆一2507合约4138.00元/吨，较前日变化+15.00元/吨，幅度+0.36%。现货方面，食用豆现货基 差A07+42，较前日变化-15，幅度32.14%。 市场资讯汇总：周三，芝加哥期货交易所(CBOT)大豆期货连续第二个交易日收盘上涨，基准期约收高0.4%，主要 受到逢低买盘和技术性买盘的推动。截至收盘，大豆期货上涨3.25美分到5美分不等，其中7月期约上涨4.25美分， 报收1045美分/蒲式耳;8月期约上涨4.50美分，报收1038.75美分/蒲式耳;11月期约上涨3.50美分，报收1025美分/蒲式 耳。6月5日，黑龙江哈尔滨市场国标一等蛋白39%蛋白中粒塔粮装车报价2.09元/斤，较昨日平；黑龙江双鸭山宝 清市场国标一等蛋白39%蛋白中粒塔粮装车报价2.12元/斤，较昨日平；黑龙江佳木斯富锦市场国标一等蛋白39%蛋 白中粒塔粮装车报价2.12元/斤，较昨日平；黑龙江齐齐哈尔讷河市场国标一等蛋白41%蛋白中粒塔粮装车报价2.22 元/斤，较昨日平；黑龙江黑河嫩江市场国标一等蛋白41%蛋白中 ...