Market Overview - On September 22, the domestic futures market for non-ferrous metals showed mixed results, with polysilicon futures dropping nearly 3% [1] - As of the latest data, industrial silicon futures increased by 0.94% to 9110.00 CNY/ton, while polysilicon futures decreased by 2.74% to 51460.00 CNY/ton [1] Futures Price Data - The main contracts for various non-ferrous metals on September 22 are as follows: - Aluminum oxide: 2925.00 CNY/ton, down 0.37% from the previous day - Lithium carbonate: 74580.00 CNY/ton, up from 73960.00 CNY/ton - Copper: 79950.00 CNY/ton, slightly up from 79850.00 CNY/ton - Nickel: 121220.00 CNY/ton, down from 121500.00 CNY/ton - Zinc: 21960.00 CNY/ton, down from 22040.00 CNY/ton [2] Warehouse Inventory Data - As of September 19, warehouse receipts for various metals showed the following changes: - Copper: 31838 tons, down 631 tons from the previous trading day - Zinc: 52531 tons, down 1710 tons - Lead: 47289 tons, down 2086 tons - Nickel: 25843 tons, down 23 tons - Industrial silicon: 49874 hands, up by 3 hands [3] Basis and Spot Prices - The basis and spot prices for selected metals are as follows: - Copper: Spot price at 80016.7 CNY, futures price at 79820 CNY, basis at 196 CNY - Zinc: Spot price at 21988 CNY, futures price at 22060 CNY, basis at -72 CNY - Aluminum: Spot price at 20820 CNY, futures price at 20820 CNY, basis at 0 CNY [4][5]

Core Viewpoint - The domestic futures market for crude oil and related products experienced a collective decline on September 19, with the main crude oil futures dropping nearly 2% [1] Group 1: Price Movements - As of September 19, the main crude oil futures fell by 1.69%, settling at 487.90 yuan per barrel [1] - Low sulfur fuel oil futures decreased by 0.93%, priced at 3396.00 yuan per ton [1] - Asphalt futures saw a decline of 0.35%, closing at 3424.00 yuan per ton [1] - Liquefied petroleum gas futures dropped by 1.14%, with a price of 4350.00 yuan per ton [1] Group 2: Futures Price Data - The opening price for SC crude oil was 496.00 yuan, with a previous close of 491.80 yuan [2] - Fuel oil opened at 2815.00 yuan, compared to a previous close of 2798.00 yuan [2] - Asphalt had an opening price of 3435.00 yuan, with a previous close of 3427.00 yuan [2] - Liquefied petroleum gas opened at 4393.00 yuan, with a previous close of 4385.00 yuan [2] - Low sulfur fuel oil opened at 3423.00 yuan, compared to a previous close of 3410.00 yuan [2] Group 3: Warehouse Data - As of September 18, the warehouse data showed that the medium-sulfur crude oil futures warehouse stood at 5,401,000 barrels, unchanged from the previous trading day [3] - Fuel oil futures warehouse recorded 127,140 tons, also unchanged from the previous trading day [3] - The asphalt factory warehouse futures recorded 41,770 tons, remaining stable from the previous trading day [3] - The liquefied petroleum gas futures warehouse decreased by 28 contracts, totaling 12,974 contracts [3] - The low sulfur fuel oil warehouse futures remained unchanged at 10,020 tons [3] Group 4: Basis Data - The basis data indicated a phenomenon of "backwardation" for fuel oil, asphalt, liquefied petroleum gas, and low sulfur fuel oil, where spot prices exceeded futures prices [3] - For fuel oil, the spot price was 5,450 yuan, while the futures price was 2,807 yuan, resulting in a basis of 2,643 yuan and a basis rate of 48.50% [3] - The asphalt spot price was 3,630 yuan, with a futures price of 3,436 yuan, leading to a basis of 194 yuan and a basis rate of 5.34% [3] - The liquefied petroleum gas spot price was 4,630 yuan, with a futures price of 4,400 yuan, resulting in a basis of 230 yuan and a basis rate of 4.97% [3] - The low sulfur fuel oil spot price was 3,568 yuan, with a futures price of 3,410 yuan, leading to a basis of 158 yuan and a basis rate of 4.43% [3]

Group 1 - The domestic futures market for non-ferrous metals saw most prices rise, with lithium carbonate futures increasing by over 1% [1] - As of September 19, lithium carbonate futures rose by 1.26% to 73,700.00 yuan/ton, while polysilicon futures increased by 0.70% to 53,530.00 yuan/ton [1][2] - Aluminum oxide futures decreased by 0.64% to 2,929.00 yuan/ton, and copper futures rose by 0.19% to 79,950.00 yuan/ton [1][2] Group 2 - On September 18, copper futures warehouse receipts decreased by 822 tons to 32,469 tons, while zinc futures warehouse receipts increased by 1,521 tons to 54,241 tons [3] - Lithium carbonate futures warehouse receipts increased by 120 hands to 39,354 hands, indicating a slight increase in market activity [3] - The data showed that several commodities, including copper, aluminum, nickel, and tin, experienced a "backwardation" phenomenon, where spot prices were higher than futures prices [3] Group 3 - The basis data indicated that the basis for copper was 263 yuan, with a basis rate of 0.33%, while aluminum had a basis of 111 yuan with a basis rate of 0.53% [4] - Nickel showed a positive basis of 1,317 yuan, reflecting a basis rate of 1.07%, indicating strong demand relative to futures prices [5] - Lithium carbonate had a negative basis of -146 yuan, suggesting a slight decline in spot price compared to futures [5]

Group 1 - On September 19, domestic futures market for oilseeds and oils showed a positive trend, with canola oil and canola meal rising over 1% [1] - As of the latest data, canola meal futures increased by 1.26% to 2500.00 CNY/ton, while canola oil futures rose by 1.32% to 10098.00 CNY/ton [1] - Other notable increases included soybean meal up 0.60% to 3692.00 CNY/ton and peanuts up 0.54% to 7886.00 CNY/ton [1] Group 2 - The futures prices on September 19 were as follows: soybean oil at 8298.00 CNY, palm oil at 9314.00 CNY, canola oil at 9986.00 CNY, soybean meal at 2995.00 CNY, canola meal at 2475.00 CNY, and peanuts at 7866.00 CNY [2] - The trading volumes for various futures contracts showed stability, with soybean oil at 24544 lots, palm oil at 1570 lots, and canola oil at 8206 lots, all remaining unchanged from the previous trading day [3] Group 3 - As of September 18, the basis data indicated that several contracts, including canola oil, canola meal, palm oil, and soybean oil, experienced a phenomenon of "backwardation," where spot prices exceeded futures prices [3] - The basis and basis rates for various commodities were reported, with canola oil showing a basis of 140 CNY and a basis rate of 1.39%, while canola meal had a basis of 137 CNY and a basis rate of 5.26% [4]

Core Viewpoint - The domestic futures market for crude oil and related products experienced a collective rise on September 17, with low-sulfur fuel oil leading the gains at nearly 2% increase [1]. Group 1: Price Movements - As of September 17, the main crude oil futures rose by 1.54%, reaching 501.10 yuan per barrel [1]. - The main fuel oil futures increased by 1.32%, priced at 2836.00 yuan per ton [1]. - Low-sulfur fuel oil futures saw a rise of 1.71%, now at 3454.00 yuan per ton [1]. - Asphalt futures increased by 0.41%, priced at 3439.00 yuan per ton [1]. Group 2: Futures Price Data - The opening price for SC crude oil was 499.50 yuan, with a previous close of 494.00 yuan [2]. - Fuel oil opened at 2824.00 yuan, compared to a previous close of 2795.00 yuan [2]. - Asphalt had an opening price of 3428.00 yuan, with a previous close of 3411.00 yuan [2]. - Liquefied petroleum gas opened at 4477.00 yuan, with a previous close of 4459.00 yuan [2]. - Low-sulfur fuel oil opened at 3425.00 yuan, compared to a previous close of 3395.00 yuan [2]. Group 3: Warehouse Data - As of September 16, the warehouse data showed that the medium-sulfur crude oil futures warehouse stood at 5,721,000 barrels, unchanged from the previous trading day [3]. - Fuel oil futures warehouse recorded 101,500 tons, also unchanged from the previous trading day [3]. - The asphalt factory warehouse futures recorded 41,770 tons, remaining stable, while the asphalt warehouse futures decreased by 2,000 tons to 23,590 tons [3]. - Liquefied petroleum gas futures warehouse remained at 13,002 lots, unchanged from the previous trading day [3]. - Low-sulfur fuel oil warehouse futures recorded 10,020 tons, unchanged from the previous trading day [3]. Group 4: Basis Data - The basis data indicated that fuel oil, asphalt, liquefied petroleum gas, and low-sulfur fuel oil contracts experienced a 'backwardation' phenomenon, where spot prices exceeded futures prices [3]. - The basis for fuel oil was 2,613 yuan, with a basis rate of 48.28% [3]. - The basis for asphalt was 205 yuan, with a basis rate of 5.65% [3]. - The basis for liquefied petroleum gas was 222 yuan, with a basis rate of 4.76% [3]. - The basis for low-sulfur fuel oil was 146 yuan, with a basis rate of 4.12% [3].

Market Overview - On September 5, the domestic futures market for non-ferrous metals showed mixed results, with polysilicon futures rising over 5% [1] - As of the latest data, industrial silicon futures increased by 1.59% to 8640.00 CNY/ton, while polysilicon futures rose by 5.11% to 54715.00 CNY/ton [1] Futures Price Data - The opening and closing prices for various non-ferrous metal futures on September 5 are as follows: - Aluminum oxide: Opened at 2973.00 CNY, closed at 2973.00 CNY - Lithium carbonate: Opened at 73380.00 CNY, closed at 73240.00 CNY - Copper: Opened at 79680.00 CNY, closed at 79980.00 CNY - Nickel: Opened at 121160.00 CNY, closed at 121510.00 CNY - Tin: Opened at 272300.00 CNY, closed at 272800.00 CNY [2] Warehouse Inventory Changes - As of September 4, warehouse receipts for various metals showed the following changes: - Copper: Increased by 358 tons to 19829 tons - Aluminum: Increased by 26 tons to 59583 tons - Zinc: Decreased by 51 tons to 40896 tons - Tin: Increased by 88 tons to 7495 tons - Lead: Decreased by 830 tons to 55044 tons [3] Basis and Spot Prices - The basis and spot prices for selected metals indicate the following: - Copper: Spot price at 80181.7 CNY, futures price at 79980 CNY, basis at 201 CNY - Zinc: Spot price at 21968 CNY, futures price at 22135 CNY, basis at -167 CNY - Aluminum: Spot price at 20743.3 CNY, futures price at 20635 CNY, basis at 108 CNY [4] - The basis for industrial silicon is notably high at 885 CNY, indicating a strong spot market compared to futures [5]

Group 1 - The chemical futures market in China saw significant gains on September 5, with rubber futures rising over 2% [1] - The main rubber futures increased by 2.20% to 16,230.00 CNY/ton, while 20 rubber and synthetic rubber both rose by 2.12% to 12,990.00 CNY/ton and 12,050.00 CNY/ton respectively [1][2] - Short fiber futures experienced a decline of 0.57%, settling at 6,316.00 CNY/ton [1] Group 2 - As of September 4, the warehouse receipts for natural rubber futures decreased by 2,030 tons to 165,730 tons, while 20 rubber receipts increased by 704 tons to 46,368 tons [3] - PTA futures warehouse receipts fell by 204 to 29,538 contracts, while glass and urea futures saw increases in their receipts [3][4] - A phenomenon of "backwardation" was observed in several contracts, indicating that spot prices were higher than futures prices for various commodities [4] Group 3 - The spot price for natural rubber was reported at 15,058.3 CNY, with a basis of -821 CNY, reflecting a basis rate of -5.45% [5] - Other commodities such as PTA and glass also showed varying basis rates, with PTA at 1.35% and glass at -1.98% [5] - The basis for 20 rubber was 445 CNY, indicating a basis rate of 3.38% [5]

焦煤期货仓单0手，环比上个交易日持平； 截止北京时间8月26日，据商品基差数据显示：焦煤品种合约出现'期现倒挂'(现货价格高于期货价格)现 象。 商品名称 现货价格 合约 期货价格 基差 基差率 焦煤 1418.75 2601 1200.5 218 15.37% 备注：基差=现货价格-期货价格。 8月27日，国内期市煤炭板块多数走低，焦煤主力跌逾2%。截止发稿，焦煤主力下跌2.29%，报1173.00 元/吨；焦炭主力下跌1.72%，报1688.50元/吨。 8月27日煤炭期货价格行情 | 合约名称 | 开盘价 | 昨收价 | 昨结价 | | --- | --- | --- | --- | | 焦炭 | 1685.00 | 1681.00 | 1718.00 | | 焦煤 | 1162.00 | 1160.50 | 1200.50 | | 动力煤 | 0.00 | 921.00 | 921.00 | 8月26日，商品仓单数据显示： 焦炭期货仓单820手，环比上个交易日持平； ...

8月22日，黑色金属仓单数据显示： 螺纹钢仓库期货仓单157733吨，环比上个交易日增加21323吨； 铁矿石期货仓单2000手，环比上个交易日持平； 不锈钢仓库期货仓单101925吨，环比上个交易日减少16715吨； 热轧卷板期货仓单32215吨，环比上个交易日减少1777吨； 锰硅期货仓单71956张，环比上个交易日减少1726张； 8月25日，国内期市黑色金属板块全线飘红，铁矿石主力涨逾2%。截止目前，铁矿石主力上涨2.14%， 报786.00元/吨；螺纹钢主力上涨1.03%，报3148.00元/吨；锰硅主力上涨1.34%，报5886.00元/吨；硅铁 主力上涨1.10%，报5692.00元/吨。 8月25日黑色金属期货价格行情 | 合约名称 | 开盘价 | 昨收价 | 昨结价 | | --- | --- | --- | --- | | 螺纹钢 | 3121.00 | 3119.00 | 3116.00 | | 铁矿石 | 772.00 | 770.00 | 769.50 | | 不锈钢 | 12770.00 | 12750.00 | 12755.00 | | 热卷 | 3370.00 | 3361.0 ...

Core Viewpoint - The domestic futures market for non-ferrous metals shows mixed performance, with polysilicon prices rising while lithium carbonate prices decline [1] Price Movements - Lithium carbonate futures decreased by 0.43%, priced at 79,280.00 CNY/ton - Polysilicon futures increased by 1.89%, priced at 52,175.00 CNY/ton - Alumina futures rose by 1.02%, priced at 3,174.00 CNY/ton - Shanghai tin futures increased by 1.13%, priced at 269,340.00 CNY/ton [1][2] Futures Market Data - The opening and closing prices for various contracts on August 25 include: - Alumina: Opened at 3,141.00 CNY, closed at 3,142.00 CNY - Lithium carbonate: Opened at 81,000.00 CNY, closed at 79,620.00 CNY - Shanghai copper: Opened at 78,710.00 CNY, closed at 78,710.00 CNY - International copper: Opened at 69,780.00 CNY, closed at 69,810.00 CNY - Shanghai aluminum: Opened at 20,625.00 CNY, closed at 20,670.00 CNY [2] Warehouse Inventory Changes - As of August 22, warehouse receipts for various metals showed the following changes: - Copper: Decreased by 1,009 tons to 24,148 tons - Aluminum: Decreased by 2,746 tons to 57,144 tons - Zinc: Increased by 503 tons to 32,791 tons - Tin: Decreased by 205 tons to 7,053 tons - Lead: Decreased by 476 tons to 58,946 tons - Nickel: Decreased by 36 tons to 22,552 tons - International copper: Remained stable at 6,125 tons - Alumina: Increased by 1,793 tons to 77,746 tons - Lithium carbonate: Increased by 670 contracts to 24,990 contracts - Polysilicon: Increased by 80 contracts to 6,540 contracts - Industrial silicon: Decreased by 117 contracts to 51,049 contracts [3] Basis and Basis Rate - The basis and basis rates for selected metals indicate: - Copper: Spot price at 78,855 CNY, futures price at 78,700 CNY, basis of 155 CNY, basis rate of 0.20% - Zinc: Spot price at 22,186 CNY, futures price at 22,245 CNY, basis of -59 CNY, basis rate of -0.27% - Aluminum: Spot price at 20,696.7 CNY, futures price at 20,670 CNY, basis of 26 CNY, basis rate of 0.13% [4][5]