1. Investment Ratings No investment ratings for the industries are provided in the reports. 2. Core Views Oils and Fats Industry - Palm oil: The market's concern about the end - of - month inventory growth will support the market. The futures of crude palm oil may start an upward trend. It is recommended to go long on dips. - Soybean oil: The digestion of the US biodiesel policy has ended. The domestic spot trading is light, but the market sentiment may improve in August [1]. Meal Industry - The US soybean remains in a bottom - oscillating pattern. The domestic soybean and soybean meal inventories are rising, and the basis is oscillating at a low level. It is recommended to wait and see [2]. Livestock (Pig) Industry - The pig spot market is weak. The short - term pig price is not optimistic, with the near - month contract facing strong resistance. It is not advisable to short the far - month contract blindly [4]. Corn Industry - In the short term, the corn market is not active, with the futures oscillating. In the long run, the supply may be tight in the third quarter and loose in the fourth quarter [6]. Sugar Industry - Internationally, the raw sugar price may bottom out, but the overall trend is bearish. Domestically, the supply - demand situation is marginally loose, with the futures expected to oscillate at a high level in the short term [8]. Egg Industry - The egg demand may first decrease and then increase this week. The egg price in some regions may decline next week, but the spot price still has some upward potential [11]. Cotton Industry - The short - term domestic cotton price may oscillate within a range, and the price may face pressure after the new cotton is launched [14]. 3. Summary by Industry Oils and Fats Industry - **Prices**: On July 28 - 29, the spot and futures prices of soybean oil, palm oil, and rapeseed oil showed different changes, with the basis and spreads also fluctuating. - **Inventory and Market Outlook**: Palm oil inventory concerns support the market, and soybean oil may improve in August [1]. Meal Industry - **Prices and Spreads**: The prices of soybean meal, rapeseed meal, and soybeans changed, with the spreads such as the inter - period spreads and oil - meal ratios also showing fluctuations. - **Market Situation**: The US soybean is at the bottom, and the domestic supply and demand situation affects the meal market [2]. Livestock (Pig) Industry - **Prices and Indicators**: The futures and spot prices of pigs changed, along with indicators such as the basis, spreads, and slaughter volume. - **Market Outlook**: The short - term pig price is not optimistic, and the far - month contract needs cautious operation [4]. Corn Industry - **Prices and Indicators**: The prices of corn and corn starch futures and spot, along with indicators such as the basis, spreads, and inventory, changed. - **Market Outlook**: The short - term market is inactive, and the long - term supply - demand situation varies [6]. Sugar Industry - **Prices and Indicators**: The futures and spot prices of sugar, along with indicators such as the basis, spreads, and inventory, changed. - **Market Outlook**: The international raw sugar is bearish, and the domestic supply - demand is marginally loose [8]. Egg Industry - **Prices and Indicators**: The prices of eggs, egg - related products, and indicators such as the basis, spreads, and production costs changed. - **Market Outlook**: The demand may fluctuate, and the price may decline and then rise [11]. Cotton Industry - **Prices and Indicators**: The futures and spot prices of cotton, along with indicators such as the basis, spreads, and inventory, changed. - **Market Outlook**: The short - term price oscillates, and the long - term price may face pressure [14].

商 品 研 究 2025 年 7 月 30 日 LPG：底部支撑走强 丙烯：原料升贴水走强 陈鑫超 投资咨询从业资格号：Z0020238 chenxinchao@gtht.com 【基本面跟踪】 LPG 基本面数据 | | | 昨日收盘价 | 日涨幅 | 夜盘收盘价 | 夜盘涨幅 | | --- | --- | --- | --- | --- | --- | | | PG2509 | 4,028 | 0.90% | 4,037 | 0.22% | | 期货价格 | PG2510 | 4,428 | 0.73% | 4,445 | 0.38% | | | PL2601 | 6,573 | 0.05% | 6,600 | 0.41% | | | PL2602 | 6,641 | -0.05% | 6,654 | 0.20% | | | | 昨日成交 | 较前日变动 | 昨日持仓 | 较前日变动 | | | PG2509 | 87,634 | -19025 | 87,452 | -4766 | | 持仓&成交 | PG2510 | 27,289 | -266 | 63,575 | 1406 | | | PL2601 ...

料油） 021-60635738 lijie@ccb.ccbfutures.com 期货从业资格号：F3031215 021-60635737 renjunchi@ccb.ccbfutures.com 期货从业资格号：F3037892 业硅）028-8663 0631 penghaozhou@ccb.ccbfutures.c om期货从业资格号：F3065843 021-60635740 pengjinglin@ccb.ccbfutures.c om期货从业资格号：F3075681 021-60635570 liuyouran@ccb.ccbfutures.com 期货从业资格号：F03094925 021-60635730 lijin@ccb.ccbfutures.com 期货从业资格号：F3015157 021-60635727 fengzeren@ccb.ccbfutures.com 期货从业资格号：F03134307 能源化工研究团队 研究员：李捷,CFA（原油燃 研究员：任俊弛（PTA、MEG） 研究员：彭浩洲（尿素、工 研究员：彭婧霖（聚烯烃） 研究员：刘悠然（纸浆） 研究员：李金（甲醇） 研究员 ...

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期货热点追踪 棕榈油盘中上演戏剧性"V"型反转，是什么原因导致的？后市能否站上9000关口？点击了解。 相关链接 ...

相关链接 期货热点追踪 碳酸锂连续第二日大幅下跌！但机构认为，反内卷举措尚未结束，市场情绪虽降温但暂未退潮，碳酸锂 仍不宜追空，后续应关注超跌反弹机会？点击了解。 ...

Group 1 - The quality rating of U.S. soybeans is significantly higher than market expectations, indicating a strong crop outlook [1] - Argentine soybeans are set to return to the market, which may impact global supply dynamics [1] - There are indications that soybean meal prices may continue to decline, reflecting market adjustments [1]

2025 年 07 月 29 日 铅趋势强度：0 注：趋势强度取值范围为【-2,2】区间整数。强弱程度分类如下：弱、偏弱、中性、偏强、强，-2 表示 最看空，2 表示最看多。 国 泰 君 安 期 货 研 究 所 铅：缺乏明确驱动，价格震荡 季先飞 投资咨询从业资格号：Z0012691 jixianfei@gtht.com 【基本面跟踪】 | | 昨日值 | 较前日变动/涨跌幅 | | 昨日值 | 较前日变动/涨跌幅 | | --- | --- | --- | --- | --- | --- | | 沪铅主力收盘价 | 16915 | -0.24% | 伦铅 3M 电子盘收 | 2020.5 | -0.12% | | （元/吨） | | | 盘（美元/吨） | | | | 沪铅主力成交量 | 72526 | 25763 | 伦铅成交量（手） | 5355 | -734 | | （手） | | | | | | | 沪铅主力持仓量 | 70546 | -2781 | 伦铅持仓量（手） | 141082 | -1210 | | （手） | | | | | | | 上海 1# 铅升贴水 | -50 | -15 | LM ...

期货热点追踪 美豆出口检验量符合市场预期，对华大豆出口依旧为零！点击阅读详情。 相关链接 ...

纯碱跌停警报未解除？光伏减产+浮法冷修双杀需求，库存高位下还有下跌空间？点击了解。 相关链接 期货热点追踪 ...