Group 1 - International oil prices experienced a significant drop, with Brent and WTI crude futures both falling over 7%, marking the largest single-day decline since August 2022 [1] - Brent crude futures closed at $71.48 per barrel, down $5.53, while WTI also fell by the same amount to $68.51 per barrel [1] - The market's initial fears of a disruption in oil supply due to Iranian military actions were alleviated as the attacks targeted a U.S. military base rather than oil infrastructure [2] Group 2 - Iran's missile strike on the Al Udeid Air Base in Qatar, the largest U.S. military facility in the Middle East, did not result in casualties, indicating a potential restraint in escalating conflict [2] - Energy market analysts suggest that Iran's choice to avoid attacking oil infrastructure may signal a desire to de-escalate tensions [2] - Despite the tensions, oil transportation remains unaffected, with reports indicating that Qatar's oil and LNG production and transport were not disrupted [2] Group 3 - Some vessels adjusted their routes in response to the geopolitical tensions, with at least two supertankers turning around near the Strait of Hormuz [3] - Major oil companies, including BP, TotalEnergies, and Eni, have withdrawn some staff from Iraqi oil fields due to the heightened risks [3] - The geopolitical risk premium in oil prices is being reassessed, with potential short-term spikes in Brent crude prices if the Strait of Hormuz were to close [3]

2025.06. 24 6月19日，Labubu官方突然大补货，热门系列价格普遍腰斩，部分隐藏款价格缩水近四成，整盒回 收价最高狂跌2150元。 LABUBU再创纪录！6月22日晚间， 继108万元的薄荷色LABUBU后， "LABUBU×衡山宏机甲飞 行员"拍出 75.9万元 ， 创下LABUBU联名款全球最高纪录。 近两周LABUBU主力带动的两场拍卖合计成交总额达893.6万元，但拍卖中的溢价引发质疑。其中， 6月23日凌晨3点，LABUBU两件素描拍品拍出 4.3万元。 本文字数：272，阅读时长大约1分钟 但某平台上，其相同款式在6月22日晚仅售 1.4万元 ，且随时可买，这意味着拍卖溢价超200%。 封图来源丨 永乐拍卖公众号 来源 | 21财经、每日经济新闻 等 推荐阅读 2人带144个LABUBU入境被海关查获 ...

Market Overview - On June 23, PTA futures experienced a rebound after a decline, with a general atmosphere in the spot market and a slight increase in spot offers. The mainstream supply was focused on long-term sources, with June transactions mainly around 09+260 to 270, and individual prices slightly higher, within a negotiation range of 5220 to 5300 [1] - The processing fee for PTA spot reached approximately 398 yuan/ton, while the processing fee for TA2509 was 344 yuan/ton [2] Supply and Demand Dynamics - Supply: PTA operating rates dropped to 79.1%, a decrease of 3.9% [3] - Demand: Following routine maintenance on one unit and the restart of two units, the polyester comprehensive operating rate increased to around 92%, up by 1.1%. However, the demand from downstream sectors remains weak, with inventory accumulation in the terminal dyeing and weaving sectors [3] Price Trends and Outlook - Despite maintenance at Fuhai Chuang and Hengli facilities, the outlook for PTA supply and demand remains weak due to new installations coming online and continuous signals of production cuts from downstream polyester factories. The geopolitical situation in the Middle East has shown signs of easing, leading to a significant drop in oil prices, which is expected to negatively impact PTA in the short term [4]

商 品 研 究 2025 年 6 月 24 日 LPG：地缘溢价回落，盘面下跌风险扩大 | | | 【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 | | --- | --- | --- | --- | --- | --- | | | PG2508 | 4,512 | -0.62% | 4,445 | -1.48% | | 期货 | PG2509 | 4,432 | -0.47% | 4,366 | -1.49% | | | | 昨日成交 | 较前日变动 | 昨日持仓 | 较前日变动 | | | PG2508 | 103,560 | 19728 | 76,696 | 3072 | | | PG2509 | 27,802 | 7099 | 25,821 | 1329 | | | | 昨日价差 | | 前日价差 | | | 价差 | 广州国产气对08合约价差 | 238 | | 160 | | | | 广州进口气对08合约价差 | 288 | | 220 | | | | | 本周 | | 上周 | | | 产业链重要 | PDH开工率 | 66.2% | | ...

半年度报告——天然气 供应再创新高，需求难以承接 | [T走ab势le_评R级an：k] | TTF/JKM/HH:看跌 | | | | | --- | --- | --- | --- | --- | | 报告日期： | 2025 年 6 | 月 | 24 | 日 | [★Ta美bl国e_天Su然mm气a市ry]场——供应再创新高，气电反向驱动： 能 我们最新的平衡表显示 2025 年美国天然气市场并不会存在严重的 供需缺口，直接变成平衡了，原因是气价的大幅上涨刺激了供应的 迅速回归。不仅美国的干气产量在 2025 年创新高，加拿大的天然 气产量也在 2025 年显著回升。高气价不仅导致供应大幅增加，同 时也导致了煤气逆向转换，即煤电对气电形成反向替代。在煤代气 和可再生电力的双重挤压之下，气电需求难以续写此前不断创历史 新高的神话，开始掉头向下。 ★投资建议： 源 ★欧洲需求疲软，累库斜率大幅向上： 与 碳 中 和 除了取暖季，尤其是 2 月需求较好之外，其他时间需求并不强势， 甚至在 2 季度，总量需求还不及 2024 年同期。分领域来看，气电 需求上升更多是由风电和水电不足所致，而并非来自于总量需求增 ...

投资咨询业务资格：证监许可【2011】1778 号 晨会纪要 宝城期货原油早报-2025-06-24 品种晨会纪要 时间周期说明：短期为一周以内、中期为两周至一月 | 品种 | 短期 | 中期 | 日内 | 观点参考 | 核心逻辑概要 | | --- | --- | --- | --- | --- | --- | | 原油 2508 | 震荡 | 震荡 | 震荡 偏弱 | 偏弱运行 | 地缘因素弱化，原油回吐溢价 | 备注： 1.有夜盘的品种以夜盘收盘价为起始价格，无夜盘的品种以昨日收盘价为起始价格，当日日盘收盘 价为终点价格，计算涨跌幅度。 2.跌幅大于 1%为下跌，跌幅 0~1%为震荡偏弱，涨幅 0~1%为震荡偏强，涨幅大于 1%为上涨。 3.震荡偏强/偏弱只针对日内观点，短期和中期不做区分。 主要品种价格行情驱动逻辑—商品期货能源化工板块 原油（SC） 日内观点：震荡偏弱 中期观点：震荡 参考观点：偏弱运行 核心逻辑：由于美国总统特朗普发表评论感谢伊朗提前发出通知，称其对美军基地的导弹袭击非常 微弱，并呼吁结束以色列与伊朗之间的冲突。根据伊朗媒体报道，伊朗军方用了美国打击伊朗同等 数量的导弹进行了对等打 ...

Core Viewpoint - The article discusses the geopolitical tensions in the Middle East, particularly the missile strike by Iran on a U.S. military base in Qatar, and its implications on oil prices and market sentiment. The announcement of a ceasefire between Israel and Iran, as stated by U.S. President Trump, has led to a significant decrease in geopolitical risk premiums in the oil market, resulting in a drop in oil prices and a rise in U.S. stock indices [1][2][5]. Oil Market - Oil prices fell by 5.65% in the overnight session following Trump's announcement of a ceasefire agreement between Israel and Iran, which is expected to reduce geopolitical risk [2][11]. - The OPEC+ group may accelerate its production increase plans by about a year, responding to the current market conditions [2][11]. Precious Metals - Gold and silver prices have retreated due to the easing of geopolitical tensions and a hawkish stance from the Federal Reserve, which is influenced by inflation data and ongoing trade uncertainties [3][17]. - Despite long-term support for gold prices, the current high levels have led to hesitation in upward movement, while silver has shown limited upward momentum after a recent rally [3][17]. Coal and Coke - Coal production is recovering as some previously halted mines resume operations, leading to improved market conditions with reduced auction prices and lower overall transaction failure rates [4][23]. - The coke market is experiencing a seasonal decline in iron production, and while there is no immediate reversal in trends, the situation remains volatile due to fluctuating energy prices [4][23]. Industry News - As of the end of May, China's total installed power generation capacity reached 3.61 billion kilowatts, marking an 18.8% year-on-year increase, with solar and wind power capacities growing significantly [7].

Group 1 - International oil prices experienced a significant drop, with Brent and WTI crude futures both falling over 7%, marking the largest single-day decline since August 2022 [1] - Brent crude futures closed at $71.48 per barrel, down $5.53, while WTI closed at $68.51 per barrel, also down $5.53 [1] - The market's initial fears of a disruption in oil supply due to potential Iranian actions were alleviated when Iran targeted a U.S. military base in Qatar instead of oil infrastructure [1][2] Group 2 - Iran's decision to strike a military base rather than oil facilities may signal a desire to de-escalate tensions and avoid a broader conflict [2] - Energy market consultancy Energy Aspects noted that the attack on a well-defended base without casualties could indicate Iran's intention to avoid full-scale conflict [2] - The attack did not disrupt oil and LNG transportation from Qatar, and U.S. military bases reported no additional attacks [2] Group 3 - Despite the geopolitical tensions, some vessels adjusted their routes, with at least two supertankers turning around near the Strait of Hormuz [3] - Major international oil companies, including BP, TotalEnergies, and Eni, have withdrawn some staff from Iraqi oil fields due to the situation [3] - Historical context suggests that while geopolitical tensions in the Middle East are common, they have not previously led to the closure of the Strait of Hormuz [3] Group 4 - U.S. President Trump urged the Energy Department to increase domestic oil production to mitigate potential price spikes due to Middle Eastern tensions [3] - Investors are reassessing the "geopolitical risk premium" in oil prices, with HSBC indicating that Brent could briefly rise above $80 per barrel if the risk of closure in the Strait of Hormuz increases [3]

——市场看透了战争的"舞台"。 今天市场非常有戏剧性： 伊朗报复了：袭击了美军在伊拉克和卡塔尔的基地。 结果却反常：股市不但没跌，反而大涨；油价暴跌。 想看我们对全球市场更深刻的见解，可订阅《环球市场策略：风中警告，瞬息巨变》，接下来会发生什么？不同剧本下，油价怎么走？黄金、美元又怎么 反应？答案尽在于此。 特别声明：以上内容仅代表作者本人的观点或立场，不代表新浪财经头条的观点或立场。如因作品内容、版权或其他问题需要与新浪财经头条联系的，请 于上述内容发布后的30天内进行。 · 特朗普称，伊朗的回应非常弱，非常有效地反击了伊朗的回应，没有美国人受伤，几乎没有造成任何损失，或许伊朗现在可以走向和平与和谐。现在是 和平的时候了。 伊朗对一个防御严密的美军基地发动"预先释放信号"的攻击，而且没有美方人员伤亡，这种攻击成为缓和紧张局势的第一步。伊朗可以声称它已经对美国 军方进行了报复，同时也发出了一个明确的信号，即它不想卷入与美国的一场它无法取胜的战争。卡塔尔突然关闭领空、伊朗导弹落地，美军无实质重大 伤亡，很像双方在控制节奏。 2、但油价揭穿了伊朗的"虚张声势"。周一开盘先是上涨逾6%，表示对该事件的重视；随后，进 ...

【环球时报特约记者 汪品植 环球时报记者 杨舒宇】随着以伊冲突的持续和美国下场对伊朗核设施实施打击，中东紧张局势不断升级，全球能源 市场和航运供应链前景均被蒙上厚重的阴云。 " 世界能源运输的动脉 " 周一早盘，国际基准布伦特原油价格较前一周收盘价上涨逾5%，至每桶81美元以上。后回吐涨幅，跌至每桶80美元以下。自本轮以伊冲突爆发以 来，国际油价已在不到两周时间内上蹿约10%。 战争的爆发将波斯湾出口主要产品的风险溢价大幅提高。在成品油领域，以伊冲突对柴油价格的影响凸显，尤其是在欧洲。欧洲ICE低硫柴油基 准价格自6月12日以来已上涨近15%，延续近几个月柴油价格的上涨势头，这得益于全球需求强劲以及欧洲和美国库存较低。柴油价格对欧洲的影 响尤为突出。 上周中，欧洲柴油期货基准价格较原油的溢价突破每桶20美元。根据国际能源署的数据，去年，柴油约占欧洲整体油品需求的 44%。柴油在欧洲用于私人和商业运输以及工业用途，去年欧洲精炼燃料的进口量超过120万桶/日。此前，欧洲叫停了从俄罗斯的柴油进口，而 主要转向中东和亚洲进口。 中东是全球柴油主要出口地区，去年中东地区的柴油出口量达到每天83.1万桶，约占全球经海路进 ...