Group 1: Precious Metals Market - President Trump announced that gold will not be subject to tariffs, leading to a significant drop in precious metal prices, with COMEX gold futures down 2.78% to $3394.1 per ounce and silver down 2.29% to $37.66 per ounce [1] - If the tariff ruling remains in place, it could have profound implications for the global gold market, with analysts suggesting that gold prices may experience strong fluctuations, potentially breaking through the $3500 per ounce resistance level [2] - Silver prices are expected to follow gold's upward trend, with a potential challenge to the $39 per ounce mark if it can stabilize above the $38.5 per ounce key resistance level [2] Group 2: Lithium Carbonate Market - Lithium carbonate futures surged, with the main contract rising 8% to 81,000 yuan per ton, driven by supply disruptions from the shutdown of the Jiangxia Wokeng mining area by CATL [5][6] - The shutdown of the Jiangxia Wokeng mining area is expected to reduce supply by approximately 6.8 million tons in the second half of the year, with a monthly supply decrease of 14,000 to 16,000 tons, representing about 13% of the current domestic monthly supply [8] - Analysts believe that while the current price of lithium carbonate has risen significantly, the supply-demand balance may shift, potentially leading to a small supply gap if demand remains optimistic [9]

Group 1: Industrial Products Market - The domestic bulk commodity market shows a clear divergence, with industrial products rising across the board while agricultural products perform weakly [1] - The black and chemical sectors are the main drivers of the market's rise, with coking coal and polysilicon seeing particularly significant gains [1] - Coking coal has emerged as the standout performer, with a weekly increase of over 30%, driven by favorable macro policies and strong market sentiment [1] Group 2: Metal Sector Performance - The metal sector has seen a collective surge, with polysilicon leading the charge, achieving a weekly increase of over 21% and reaching a historical high [1] - Positive industry policies aimed at structural adjustment and eliminating outdated capacity have bolstered market confidence [1] - Other metals like alumina and lithium carbonate also performed well, each with weekly increases exceeding 10% [1] Group 3: Glass Market Dynamics - Glass prices have reached a five-month high, driven by favorable industry policies and rising coal prices impacting production costs [2] - The decline in glass inventory to a near six-month low and strong sales performance from some companies have contributed to the price increase [2] Group 4: Swine Market Trends - The domestic swine market is experiencing a notable divergence, with live pig prices slightly declining while futures prices have seen a peak and subsequent drop [2] - Despite fluctuations in supply and demand, stocks related to pig farming have risen, indicating a disconnect between current market conditions and long-term expectations [2]

Market Overview - A-shares experienced rapid rotation with notable resonance characteristics, including stock and futures synchronization, as well as resonance among cyclical sectors [1][4][12] - The Shanghai Composite Index closed down 0.09%, the Shenzhen Component Index down 0.61%, and the ChiNext Index down 1.13%, with a total market turnover of approximately 1.41 trillion yuan [2][3] Sector Performance - The commodity market showed strong linkage with the A-share market, with multi-crystalline silicon and glass futures leading the gains, where multi-crystalline silicon hit the daily limit and glass rose over 6% [5][18] - In the A-share market, sectors such as photovoltaic, glass, and steel saw significant increases, with Chongqing Steel surging to a limit up within 8 minutes, and its H-shares rising over 130% at one point [6][18] Key Stocks - Notable stocks included Daqo New Energy and Dongfang Risheng, which saw increases of 15.68% and 10.59% respectively, while other photovoltaic-related stocks also performed well [17] - The copper sector showed strength with stocks like Jinchuan Group and Zijin Mining reaching historical highs, driven by macroeconomic factors influencing copper prices [13][24] Futures Market Insights - The futures market indicated a strong performance in black metals, with silicon iron futures rising over 3% [21] - Recent reports suggested that approximately half of the steel mills received notifications regarding production restrictions, which may impact supply dynamics [18] Long-term Outlook - The average price-to-earnings ratio of the Shanghai Composite and ChiNext indices is at a median level over the past three years, suggesting a favorable environment for medium to long-term investments [26] - The market is expected to maintain a steady upward trend in the short term, with investment opportunities identified in banking, electricity, chemical pharmaceuticals, and shipbuilding sectors [26]