Core Insights - The black metal futures market in China experienced a decline on July 15, with the main wire rod contract dropping over 2% [1] - The main wire rod contract fell by 2.05% to 3351.00 CNY/ton, while rebar and hot-rolled coil contracts also saw decreases [1][2] Price Movements - Rebar main contract decreased by 0.61% to 3112.00 CNY/ton - Hot-rolled coil main contract decreased by 0.43% to 3255.00 CNY/ton - Silicon iron main contract saw a slight increase of 0.11% to 5482.00 CNY/ton [1][2] Warehouse Inventory Data - Rebar warehouse futures inventory increased by 14567 tons to 69192 tons compared to the previous trading day [3] - Silicon iron futures inventory rose by 800 contracts to 22131 contracts, while manganese silicon futures inventory decreased by 261 contracts to 85176 contracts [3] Basis and Spot Prices - The basis for rebar showed a positive value of 49 CNY with a basis rate of 1.54%, indicating a situation where spot prices are higher than futures prices [4] - Wire rod had a negative basis of -76 CNY with a basis rate of -2.27%, suggesting a weaker spot price compared to futures [4]

Core Viewpoint - The domestic oilseed market shows mixed performance with canola seed futures declining while other oil products like canola meal and palm oil are experiencing price increases [1] Price Movements - As of July 3, 2023, the main canola seed futures dropped by 2.31% to 5037.00 CNY/ton, while canola meal futures rose by 0.74% to 2596.00 CNY/ton and canola oil futures increased by 0.89% to 9628.00 CNY/ton [1] - Palm oil futures also saw an increase of 1.12%, reaching 8470.00 CNY/ton [1] - The opening and closing prices for various oilseed futures on July 3, 2023, are detailed, showing fluctuations in prices across different contracts [2] Warehouse Receipt Data - As of July 2, 2023, the warehouse receipts for soybean oil increased by 2115 contracts to 22697 contracts, while palm oil receipts remained unchanged at 470 contracts [3] - Canola meal receipts decreased by 380 contracts to 20149 contracts, and soybean meal receipts remained stable at 40300 contracts [3] - The report indicates a phenomenon of "backwardation" in several contracts, where spot prices exceed futures prices for canola meal, palm oil, and soybean oil [3]

Group 1 - The black metal futures market in China showed a positive trend on July 2, with significant price increases across various contracts, including silicon iron rising nearly 2% [1] - As of July 2, the main contracts reported the following prices: silicon iron at 5346.00 CNY/ton, rebar at 3030.00 CNY/ton, hot-rolled coil at 3156.00 CNY/ton, and ferrosilicon at 5678.00 CNY/ton [1][2] - The opening and closing prices for rebar were 3003.00 CNY and 2987.00 CNY respectively, indicating a slight increase [2] Group 2 - On July 1, the inventory data for black metal futures indicated an increase in rebar warehouse receipts by 6393 tons, while stainless steel receipts decreased by 184 tons [3] - The futures market showed a phenomenon of "backwardation" for rebar, hot-rolled coil, stainless steel, and iron ore, where spot prices exceeded futures prices [3] - The basis data revealed that rebar had a basis of 82 CNY with a basis rate of 2.67%, while silicon iron had a negative basis of -99 CNY with a basis rate of -1.92% [4]

Group 1 - The core viewpoint indicates that on June 30, the domestic futures market for crude oil saw an overall increase, with the main crude oil futures rising by over 1% [1] - As of the latest data, the main crude oil futures price decreased by 1.21% to 496.10 yuan per barrel, while other related products such as fuel oil, low-sulfur fuel oil, and liquefied petroleum gas also experienced slight declines [1][2] - The opening prices for various contracts on June 30 were as follows: SC crude oil at 498.60 yuan, fuel oil at 2997.00 yuan, asphalt at 3561.00 yuan, liquefied petroleum gas at 4254.00 yuan, and low-sulfur fuel oil at 3603.00 yuan [2] Group 2 - As of June 27, commodity warehouse receipts showed that the inventory for medium-sulfur crude oil futures was 5,911,000 barrels, remaining stable compared to the previous trading day [3] - The data also indicated that there was a phenomenon of "backwardation" in the market, where the spot prices for fuel oil, asphalt, liquefied petroleum gas, and low-sulfur fuel oil were higher than their futures prices [3] - The basis data revealed the following: for fuel oil, the spot price was 5525 yuan, futures price was 3005 yuan, resulting in a basis of 2520 yuan and a basis rate of 45.61% [3]

Core Insights - The domestic futures market for oilseeds and oils experienced a significant upward trend on June 17, with major increases in prices for canola oil and palm oil, both rising over 1% [1] - As of the latest data, canola oil futures rose by 1.39% to 9571.00 CNY/ton, palm oil futures increased by 1.29% to 8466.00 CNY/ton, and soybean meal futures went up by 1.28% to 3078.00 CNY/ton, while peanut futures saw a slight decline of 0.48% to 8266.00 CNY/ton [1] Price Movements - The opening and closing prices for various oilseed contracts on June 17 were as follows: - Soybean oil: Opened at 8000.00 CNY, closed at 7960.00 CNY - Palm oil: Opened at 8480.00 CNY, closed at 8436.00 CNY - Canola oil: Opened at 9527.00 CNY, closed at 9505.00 CNY - Soybean meal: Opened at 3043.00 CNY, closed at 3045.00 CNY - Peanut: Opened at 8324.00 CNY, closed at 8296.00 CNY [2] Basis and Spot Prices - As of June 16, the basis data indicated that canola oil, palm oil, soybean one, and soybean oil contracts experienced a 'backwardation' situation, where spot prices exceeded futures prices [2] - The following basis and basis rates were reported: - Canola oil: Spot price 9656.67 CNY, futures price 9440 CNY, basis 216 CNY, basis rate 2.24% - Palm oil: Spot price 8804 CNY, futures price 8358 CNY, basis 446 CNY, basis rate 5.07% - Soybean oil: Spot price 8224 CNY, futures price 7926 CNY, basis 298 CNY, basis rate 3.62% [3]

Group 1 - The black metal futures market in China saw a general increase on June 16, with manganese silicon futures rising over 1% [1] - As of June 16, the main contracts reported the following prices: manganese silicon at 5536.00 CNY/ton, rebar at 2988.00 CNY/ton, hot-rolled coil at 3098.00 CNY/ton, and silicon iron at 5236.00 CNY/ton [1][2] - The opening and closing prices for various contracts on June 16 were as follows: rebar opened at 2961.00 CNY and closed at 2961.00 CNY, iron ore opened at 700.00 CNY and closed at 703.00 CNY, and hot-rolled coil opened at 3075.00 CNY and closed at 3071.00 CNY [2] Group 2 - As of June 13, the warehouse receipts for black metals showed the following: rebar at 35964 tons (unchanged), iron ore at 2700 lots (up 100 lots), and stainless steel at 118383 tons (down 602 tons) [3] - The data indicated a phenomenon of "backwardation" for several contracts, where spot prices exceeded futures prices for rebar, hot-rolled coil, stainless steel, manganese silicon, and iron ore [3] - The basis and basis rates for various commodities were reported, with rebar showing a basis of 94 CNY and a basis rate of 3.08%, while manganese silicon had a basis of 20 CNY and a basis rate of 0.37% [4]

Group 1 - The chemical futures market showed mixed performance on June 16, with methanol leading the gains, rising over 4% to 2481.00 CNY/ton [1] - Key price movements included methanol up 4.33%, caustic soda down 0.79%, and urea up 2.70% [1] - The main contract prices for various chemicals were reported, with methanol at 2400.00 CNY, urea at 1690.00 CNY, and PVC at 4830.00 CNY [2] Group 2 - As of June 13, warehouse receipts data indicated a decrease in methanol warehouse receipts by 325 units, totaling 10909 [3] - The market experienced a phenomenon of "backwardation" for several products, where spot prices exceeded futures prices, affecting methanol, urea, and others [4] - The basis for methanol was reported at 106 CNY, indicating a positive basis rate of 4.27% [5]

Core Insights - The chemical futures market in China experienced significant gains on June 13, with major increases in prices for products such as paraxylene and methanol, both rising over 5% [1][2]. Price Movements - Paraxylene futures rose by 5.59%, reaching 6918.00 CNY/ton - Methanol futures increased by 5.54%, reaching 2421.00 CNY/ton - PTA futures saw a rise of 5.09%, reaching 4872.00 CNY/ton - Pure soda futures decreased by 1.43%, settling at 1170.00 CNY/ton [1][2]. Warehouse Data - As of June 12, warehouse receipts showed a decrease in rubber by 70 units, while the warehouse receipts for butadiene rubber increased by 1400 units - PTA saw a reduction of 270 units in warehouse receipts, while polypropylene increased by 2500 units [3]. Basis Data - As of June 12, several commodities including pulp, butadiene rubber, PTA, glass, methanol, urea, pure soda, and others exhibited a phenomenon of "backwardation," where spot prices exceeded futures prices [4]. Basis and Price Comparison - The basis for various commodities indicated that: - Pulp had a basis of 978 CNY, with a basis rate of 15.73% - Methanol had a basis of 68 CNY, with a basis rate of 2.88% - Pure soda had a basis of 183 CNY, with a basis rate of 13.36% - Urea had a basis of 162 CNY, with a basis rate of 8.92% [5].

Group 1 - The black metal futures market shows mixed performance, with manganese silicon futures declining over 1% while stainless steel futures increase [1] - As of June 12, the main contracts for rebar, hot-rolled coil, and manganese silicon have reported price changes of -0.80%, -0.74%, and +0.76% respectively [1][2] - The opening prices for various contracts on June 12 indicate slight fluctuations, with rebar opening at 2994.00 and manganese silicon at 5474.00 [2] Group 2 - As of June 11, the warehouse receipts for rebar and iron ore remained stable, while stainless steel and hot-rolled coil saw decreases in warehouse receipts [3] - The data indicates a phenomenon of "backwardation" in several contracts, where spot prices exceed futures prices for rebar, hot-rolled coil, stainless steel, manganese silicon, and iron ore [3] - The basis data shows that the basis for rebar is 109, indicating a basis rate of 3.52%, while manganese silicon has a basis of 6 with a basis rate of 0.11% [4]

Core Viewpoint - The chemical futures market in China experienced mixed movements on June 12, with notable declines in plywood futures and increases in synthetic rubber and paraxylene prices [1] Group 1: Price Movements - Plywood futures fell by 3.53% to 158.40 CNY/ton [1] - Synthetic rubber futures rose by 1.21% to 11,295 CNY/ton [1] - Paraxylene futures increased by 0.77% to 6,556 CNY/ton [1] - Pulp futures decreased by 1.64% to 5,276 CNY/ton [1] Group 2: Futures Price Data - The opening and closing prices for various contracts on June 12 were reported, with synthetic rubber opening at 11,260 CNY and closing at 11,295 CNY [2] - Other notable contracts included PTA at 4,654 CNY, short fiber at 6,442 CNY, and PVC at 4,833 CNY [2] Group 3: Warehouse Data - As of June 11, rubber warehouse receipts showed an increase of 120 to 193,340 [3] - The warehouse receipts for 20 rubber increased by 4,234 to 34,372 [3] - Pulp warehouse receipts rose by 4,790 to 239,208 [3] Group 4: Basis Data - Several commodities, including pulp, butadiene rubber, PTA, glass, methanol, and urea, exhibited a phenomenon of "backwardation," where spot prices exceeded futures prices [4] - The basis for pulp was reported at 950 CNY, indicating a significant premium over the futures price [5]