Core Viewpoint - Japanese rubber futures have ended a 10-day rally, indicating that the improved supply outlook from Thailand is finally reflecting in the prices [1] Group 1 - The recent price adjustments in Japanese rubber futures suggest a shift in market dynamics due to enhanced supply conditions from Thailand [1] - The end of the 10-day price increase may signal a stabilization in the rubber market as supply concerns ease [1]

【周二尿素、纯碱、玻璃期货价格走势各异】尿素期货价格宽幅震荡，先扬后抑，主力 09 合约收盘价 1897 元/吨，微幅上涨 0.32%。现货市场价格个别地区继续上涨，山东地区 1970 元/吨，河南地区 1930 元/吨，日环比均稳定。尿素供应下降明显，昨日日产 19.28 万吨，日环比降 0.98 万吨。需求端跟进谨 慎，现货成交氛围一般，主流地区综合产销率42%，日环比回落。盘后出口或不及预期消息或压制市场 情绪，期货市场日内情绪或回落，阶段性行情高位盘整。 纯碱期货价格高开后震荡走弱，主力 09 合约 收盘价 1291 元/吨，跌幅 0.84%。现货市场价格多数稳定，沙河及周边地区重碱贸易自提价格 1330 元/ 吨，日环比稳定。碱厂检修持续落实，行业开工率回落至 75.45%，中下旬仍有企业存检修计划，供应 有进一步下降预期。需求端淡稳，中下游采购积极性不高，按需跟进。纯碱供应支撑加强，但期货盘面 反应平淡，预计盘面宽幅震荡。 玻璃期货价格震荡下行，主力 09 合约收盘价 1016 元/吨，跌幅 1.93%。现货市场价格继续回落，国内浮法玻璃市场均价 1267 元/吨，日环比下降 3 元/吨。近几日玻 ...

Core Viewpoint - Methanol futures experienced a rapid increase, with the main contract reaching a peak of 2358.00 yuan, closing at 2354.00 yuan, reflecting a rise of 3.20% [1] Group 1: Market Analysis - Donghai Futures suggests a short-term price recovery for methanol due to increased imports and insufficient post-holiday inventory replenishment, alongside rising inland and port inventories [2] - Hongyuan Futures recommends a wait-and-see approach, noting limited bullish factors for methanol in May and potential discrepancies in expectations regarding Iranian imports [3] - Jianxin Futures views the market as likely to experience low-level fluctuations and rebounds, emphasizing the need to monitor macroeconomic factors and the risks of returning to fundamental trading logic after initial macro benefits [4]

Group 1: Urea Market - Urea futures prices experienced wide fluctuations, closing at 1897 CNY/ton, a slight increase of 0.32% [1] - Urea supply decreased with a daily production of 192,800 tons, down by 980 tons from the previous day [1] - The overall production and sales rate in major regions was 42%, showing a day-on-day decline [1] Group 2: Soda Ash Market - Soda ash futures prices opened high but weakened, closing at 1291 CNY/ton, a decrease of 0.84% [1] - The industry operating rate fell to 75.45%, with ongoing maintenance plans expected to further reduce supply [1] - Demand remained stable but cautious, with downstream purchasing activity being low [1] Group 3: Glass Market - Glass futures prices declined, closing at 1016 CNY/ton, down 1.93% [1] - The average price of float glass in the domestic market was 1267 CNY/ton, a decrease of 3 CNY from the previous day [1] - The industry maintained a daily melting capacity of 155,800 tons, with manufacturers focusing on sales to avoid high inventory levels [1]

Group 1 - The current bullish sentiment in the market is strong, particularly in the chemical futures sector, which continues to lead the gains [1] - Styrene prices are supported by tight spot liquidity due to maintenance, although they are still constrained by the low prices of pure benzene [1] - Short-term PTA spot prices are fluctuating strongly in line with the robust cost side [1]

品种 国内前日期货 收盘价 （元/吨） 国内基差 （元/吨） 前日LME3月 期收盘价 (美元/吨） LME现货升贴水 （CASH-3M） （美元/吨） LME库存 （吨） LME库存日 度变化 （吨） 铜 78,590 -30 9,420 23.87 190,750 -1,025 铝 19,945 0 2,383 -5.34 401,525 -2,025 锌 22,725 415 2,617 -27.37 169,850 -475 镍 125,920 -2,730 15,548 -198.42 197,754 84 铅 16,955 -190 1,958 5.95 251,800 -1,625 锡 263,050 -1,130 31,636 15.00 2,790 85 数据来源：Wind，申银万国期货研究所 数据来源：Wind，申银万国期货研究所 国 内 市 场 基 差 L M E 现 货 升 贴 水 铜 铝 锌 镍 铅 锡 基差 -30 0 415 -2,730 -190 -1,130 -30 0 415 -2,730 -190 -1,130 -3,000 -2,000 -1,000 0 1,000 元 ...

Core Insights - The New York gold futures have surpassed $3250 per ounce, reflecting a daily increase of 0.68% [1] Group 1 - The current price of gold is $3250 per ounce, indicating a significant market movement [1] - The daily increase of 0.68% suggests positive momentum in the gold market [1]

纽约期银站上33美元/盎司，日内涨1.15%。 ...

当天，芝加哥期货交易所玉米市场交投最活跃的7月合约收于每蒲式耳4.48美元，比前一交易日下跌1.75 美分，跌幅为0.39%；小麦7月合约收于每蒲式耳5.15美元，比前一交易日下跌6.5美分，跌幅为1.25%； 大豆7月合约收于每蒲式耳10.71美元，比前一交易日上涨19.5美分，涨幅为1.85%。 在市场分析人士看来，美国农业部5月供需报告凸显了美国天气和贸易局势对农作物平衡表的重要性。 消息面上，美国农业部当天发布的5月供需报告，将2025/26作物年度美国小麦出口预估下调2000万蒲式 耳至8亿蒲式耳；预计2025/26年度小麦期末库存为9.23亿蒲式耳，高于市场预期。 （文章来源：新华财经） 报告同时将2024/25年度美国玉米出口预估提高5000万蒲式耳至26亿蒲式耳，将该作物年度美国玉米期 末库存下调至14.15亿蒲式耳。同时预计2025/26年度美国玉米出口为26.75亿蒲式耳，2025年美国玉米产 量为158.2亿蒲式耳。 大豆方面，报告将2024/25年度美国大豆期末库存预估下调2500万蒲式耳，同时将该年度美国大豆出口 预估上调至18.5亿蒲式耳。在2025/26年度方面，报告预计该年度美 ...

原木期货日报 4月18日 涨跌幅 单位 4月25日 涨跌 地区 中国 351.00 351.00 0.0 0.00% -2.41% 194.00 万/立方米 山东 198.8 -4.8 江苏 3.6 116.38 112.76 3.21% 需求: 日均出库量 (周慶) 4月25日 4月18日 地区 涨跌 涨跌幅 单位 中国 6.86 6.51 0.35 5% 0.56 万/立方米 3.86 17% 3.30 山东 江苏 2.36 2.57 -0.21 -8% 原木日均出库量(万方) 原木主要港口库存(万方) 750 650 550 450 350 250 150 1/1 2/1 3/1 4/1 5/1 6/1 7/1 8/1 9/1 10/111/112/1 1/1 2/1 3/1 4/1 5/1 6/1 7/1 8/1 9/110/111/112/1 1/1 2022 - 2023 ·2024 =2022 =2023 = 2024 辐射松3.8中A现货价(元/立方米) 辐射松4米中A: CFR价(美元/JAS立方米 220 870 200 2022 2050 850 2025 2023 830 Teo 81 ...