Group 1 - The core viewpoint of the article is that the price of liquid caustic soda has stopped declining and has begun to rise after eight weeks of continuous decrease, indicating a potential market recovery [1] - Factors driving the price rebound include supply and demand dynamics, which are crucial for understanding the market trends [1] Group 2 - The article suggests that the recent price movements are significant for stakeholders in the caustic soda market, as they reflect changes in market sentiment and economic conditions [1] - A detailed analysis of the supply-demand interplay is provided, which is essential for forecasting future price trends [1]

Group 1 - The report does not mention the investment rating for the industry [1] Group 2 - The core view of the report is that the prices of different agricultural products show different trends, with corn expected to fluctuate upward, soybean meal to fluctuate and rise, oils and fats to fluctuate weakly, eggs to fluctuate weakly, and live pigs to fluctuate [1] Group 3 - The prices of different agricultural products show different trends. Corn prices are expected to fluctuate upward, with short - term fluctuations ending and prices resuming upward. In the northeast region, mainstream corn prices rose slightly, and some deep - processing enterprises also raised their purchase prices. In North China, corn prices were generally stable with a slight weakness [1] - Soybean meal prices are expected to fluctuate and rise. CBOT soybeans closed higher on Thursday, but favorable weather in the central United States limited price increases. Domestic soybean meal showed a narrow - range fluctuation, with funds mainly flowing out. The supply pressure of soybean meal is postponed to mid - June [1] - Oils and fats prices are expected to fluctuate weakly. BMD palm oil rose for the fifth consecutive day on Thursday, and high - frequency data previously showed that Malaysian palm oil exports from May 1 - 25 increased by 7.3% - 11.6% month - on - month. Indonesia lowered the reference price of crude palm oil for June. Domestic palm oil increased in positions and reached a two - week high [1] - Egg prices are expected to fluctuate weakly. Egg futures prices rebounded from a low level on Thursday. Spot egg prices were stable, with supply increasing until August. The supply - demand fundamentals are bearish, and egg prices are expected to remain weak until there is an unexpectedly large increase in culling. However, egg prices in low - price areas have fallen below the cost line, so the downward space for later egg prices is relatively limited [1] - Live pig prices are expected to fluctuate. On Thursday, the live pig futures contract 2509 broke through the integer support of 13,500 yuan, then rebounded due to the positive sentiment of the macro and surrounding commodities. Spot pig prices were stable with a slight strength this week [1] Group 4 - US Department of Agriculture (USDA) data shows that private exporters reported selling 101,096 tons of corn to unknown destinations and 104,000 tons to Mexico, all for the 2024/2025 sales year [3] - White House trade advisor Navarro said that there is undoubtedly an economic emergency in the US, and the government has multiple options on trade issues. The government has a high chance of winning in court rulings and appeals regarding trade issues [3] - Agricultural information agency Sovecon reported that Russia's grain exports in 2025/26 are expected to be 4.94 billion tons, lower than 5.02 billion tons in 2024/25. Russia's wheat exports in 2025/26 are expected to be 4.08 billion tons, an increase of 110 million tons compared to the previous year [3] - Malaysian Minister of Plantation and Commodities announced that Malaysia will increase the biodiesel blending ratio for ground - transport vehicles from B10 to B20 [3]

SMM 电池级碳酸锂指数价格 61233 元/吨，环比上一工作日下跌 562 元/吨；电池级碳酸锂 5.95-6.23 万元/吨，均价 6.09 万元/吨，环比上一工作日下跌 600 元/吨；工业级碳酸锂 5.88-5.98 万元/吨，均价 5.93 万元/吨，环比上一工作日下跌 600 元/吨。（上海有色网） 2025 年 5 月 30 日 碳酸锂：去库速度偏缓，走势或仍偏弱 邵婉嫕 投资咨询从业资格号：Z0015722 shaowanyi@gtht.com 刘鸿儒（联系人） 期货从业资格号：F03124172 liuhongru@gtht.com 【基本面跟踪】 碳酸锂基本面数据 | | | | T | T-1 | T-5 | T-10 | T-22 | T-66 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 2507合约（收盘价） | 58,860 | -1,520 | -3,280 | -5,260 | -9,440 | -18,660 | | | | 2507合约（成交量） | 386,145 | -1,995 | - ...

交易咨询业务资格：证监许可【2012】1091号 沪锌期货早报-2025年5月29日 指标体系 沪锌: 1、基本面：外媒5月21日消息:世界金属统计局( WBMS )公布的最新数据报 告显示, 2025年3月，全球锌板产量为108.74万吨,消费量为113.35万吨， 供应短缺4.6万吨。1-3月,全球锌板产量为328.31万吨,消费量为338.48万 吨,供应短缺10.16万吨。3月,全球锌矿产量为100.78万吨。1-3月，全球锌 矿产量为296.11万吨；偏多。 2、基差：现货22910，基差+700；偏多。 3、库存：5月28日LME锌库存较上日减少7700吨至143450吨，5月28日上期 所锌库存仓单较上日增加0吨至1774吨；偏多。 4、盘面：昨日沪锌震荡下跌走势，收20日均线之下,20日均线向下；偏空。 5、主力持仓：主力净空头，空增；偏空。 6、预期：LME库存仓单继续下降；上期所仓单保持低位；沪锌ZN2507：震 荡走弱。 大越期货投资咨询部 祝森林 从业资格证号：F3023048 投资咨询证号： Z0013626 联系方式：0575-85225791 重要提示：本报告非期货交易咨询业务项 ...

基本面维持稳定，油脂价格震荡 油脂观点 市场分析 期货方面，昨日收盘棕榈油2509合约8076.00元/吨，环比变化+32元，幅度+0.40%；昨日收盘豆油2509合约7712.00 元/吨，环比变化-28.00元，幅度-0.36%；昨日收盘菜油2509合约9403.00元/吨，环比变化-41.00元，幅度-0.43%。现 货方面，广东地区棕榈油现货价8530.00元/吨，环比变化+80.00元，幅度+0.95%，现货基差P09+454.00，环比变化 +48.00元；天津地区一级豆油现货价格7920.00元/吨，环比变化+0.00元/吨，幅度+0.00%，现货基差Y09+208.00， 环比变化+28.00元；江苏地区四级菜油现货价格9580.00元/吨，环比变化-40.00元，幅度-0.42%，现货基差 OI09+177.00，环比变化+1.00元。 近期市场咨询汇总：美国农业部（USDA）周三凌晨公布的每周作物生长报告显示，截至5月25日当周，美国大豆 种植率为76%，低于市场预期的78%，此前一周为66%，去年同期为66%，五年均值为68%；美国玉米种植率为87%， 低于市场预期的88%，此前一周为7 ...

Group 1: Core Views - The acquisition of fundamental forex trading data is crucial for trading decisions, primarily through economic calendars and news websites that track economic indicators, policy changes, and geopolitical events [1] Group 2: Economic Calendar Tools - Economic calendars are essential for forex traders to obtain macroeconomic data release times and expected values, with several commonly used platforms available [2] - "Forex Bang" economic calendar synchronizes with data, covering key metrics like non-farm payrolls and central bank interest rate decisions, suitable for domestic investors due to its Chinese interface [3] - "Forex Factory" offers rapid data updates and strong community interaction, although it is only available in English, making it suitable for English-speaking traders [4] - "Invezz" provides real-time quotes for 200,000 financial products and a comprehensive economic calendar, including Fed rate hike predictions and earnings calendars, supporting multiple languages and free access [4] - "Securities Star" organizes economic data and political events by date, facilitating quick browsing of important indicators for the day [5] - "Forex Tianyan" integrates global economic indicators, bond auctions, and central bank officials' speeches, with clear data categorization, but is positioned as a third-party information query service [6] Group 3: News and Data Websites - "Jin Shi Data" offers instant financial news, data alerts, and event interpretations, excelling in rapid reporting of unexpected events and supporting multi-terminal access [7] - Reuters and Bloomberg are international authoritative media covering global macroeconomic data, central bank policies, and geopolitical analysis, suitable for in-depth reporting and professional commentary [8] - The Wall Street Journal focuses on U.S. economic policies and market dynamics, providing exclusive interpretations of Fed decisions and trade policies [9] - "Invezz" also provides real-time news, analyst opinions, and market sentiment indicators, suitable for comprehensive assessments [10] - "Finance Network" specializes in forex market news and analysis, covering central bank officials' speeches, policy expectations, and strategies combining technical and fundamental analysis [11] Group 4: Usage Tips and Considerations - Prioritize high-impact data such as interest rate decisions, non-farm employment, GDP, and CPI, as these have the most significant effect on exchange rates, with Fed rate decisions typically causing sharp fluctuations in the dollar index [13] - Compare expected values with actual values, as discrepancies often drive short-term market movements, for instance, if U.S. non-farm employment data significantly exceeds expectations, the dollar may strengthen rapidly [14] - Analyze central bank policy trends in conjunction with inflation and employment data for comprehensive judgment, exemplified by the Fed pausing rate cuts in 2025 due to tariff-induced inflation, leading to increased dollar volatility [15] - Utilize tools to assist decision-making, such as combining technical analysis to predict market reactions before data releases and employing hedging tools like forex options or futures to lock in exchange rate risks, especially before major events like elections [16] Group 5: Summary - The acquisition of forex fundamental data relies on professional economic calendars and real-time news platforms, with a focus on high-impact events and data discrepancies. Investors are advised to combine technical analysis and risk management strategies to enhance the accuracy of trading decisions [17]

Group 1 - The overall bond market is experiencing weakness due to improved market risk appetite from unexpected outcomes in US-China trade talks, leading to a negative impact on the bond market [1] - The 10-year government bond yield has adjusted to 1.7%, with a recent peak of 1.69%, indicating that the current bond market adjustment is nearing its end [1] - The central bank's recent actions, including a 0.5% reserve requirement ratio cut and continuous net reverse repos, suggest a supportive monetary policy environment, maintaining reasonable liquidity in the market [1] Group 2 - The expectation for new financial policies has cooled, with a focus on accelerating the implementation of existing policies rather than introducing new ones, as the economy shows resilience [2] - In May, the issuance of special bonds has accelerated, with a total of 440 billion yuan in new special bonds issued, marking a record high for the year [2] - The National Development and Reform Commission aims to expedite the approval of construction project lists by the end of June, indicating a proactive approach to infrastructure investment [2] Group 3 - The domestic economy continues to show signs of recovery, supported by growth-stabilizing policies and easing trade tensions, which may shift external demand pressures [4] - The bond market is expected to experience sideways movement in the short term, influenced by liquidity, policy, and economic conditions, with a focus on upcoming PMI data and central bank operations [4] - Long-term, the bond market remains in a "bull market" environment, with overall easing liquidity and concerns about external conditions affecting market expectations [4]

新能源及有色金属日报 | 2025-05-28 多晶硅仓单博弈仍在，关注平仓引发风险 工业硅： 市场分析 2025-05-27，工业硅期货价格继续探底，主力合约2507开于7625元/吨，最后收于7440元/吨，较前一日结算变化（-280） 元/吨，变化（-3.63）%。截止收盘，2505主力合约持仓227207手，2025-05-27仓单总数为64626手，较前一日变化 -287手。 供应端：工业硅现货价格下跌。据SMM数据，昨日华东通氧553#硅在8400-8600（-100）元/吨；421#硅在9000-9500 （-150）元/吨，新疆通氧553价格7900-8000（-100）元/吨，99硅价格在7900-8000（-100）元/吨。昆明、黄埔港、 天津、新疆、四川、上海、西北地区硅价也持续走低。97硅今日价格同样走低，现货价格不断走弱，近期基差有 所走强。 消费端：据SMM统计，有机硅DMC报价11400-11600（0）元/吨。SMM报道，西北有机硅大厂局部有机硅装置进 入检修周期，检修时长约为20天左右，同时6月端午节后，仍有部分单体企业检修周期到来，行业开工率预计再度 下行。 供需方面：随着 ...

国债期货：预期有限行情震荡有限，静待市场 选择方向 | 虞堪 | 投资咨询从业资格号：Z0002804 | yukan@gtht.com | | --- | --- | --- | | 林致远 | 投资咨询从业资格号：Z0021471 | linzhiyuan@gtht.com | 2025 年 05 月 28 日 【基本面跟踪】 5 月 27 日，国债期货收盘全线收跌，30 年期主力合约跌 0.26%，10 年期主力合约跌 0.11%，5 年期 主力合约跌 0.03%，2 年期主力合约跌 0.02%。 国债期货指数为-0.12。量价因子看多，基本面因子看空。无杠杆下，策略近 20 日累加收益为 0.04%，近 60 日累加收益为-0.53%，近 120 日累加收益为 0.14%，近 240 日累加收益为 1.27%。 权益市场方面，市场全天震荡调整，创业板指领跌。截至收盘，沪指跌 0.18%，深成指跌 0.61%，创 业板指跌 0.68%。盘面上，市场热点较为杂乱，个股上涨和下跌家数基本相当。 资金方面，隔夜 shibor 报 1.4520%，较前一交易日下跌 5.4bp，7 天 shibor 报 1.59 ...

Report Overview - The report aims to objectively reflect the research views of futures and securities companies on various commodity varieties, track hot varieties, analyze market investment sentiment, and summarize investment driving logics [2]. Market Data Summary Commodity Prices and Weekly Changes - Gold closed at 780.10 with a 3.76% weekly increase [2]. - Silver closed at 8263.00 with a 2.00% weekly increase [2]. - Other commodities like corn, copper, and glass had varying degrees of price changes, with some increasing and others decreasing [2]. Stock Indexes and Weekly Changes - The Shanghai Composite Index and other indexes also had corresponding price changes, with the Hang Seng Index rising by 0.38% - 1.10% [2]. Bond and Exchange Rates - Chinese 10 - year government bonds increased by 2.61%, and the euro - US dollar exchange rate rose by 1.79% [2]. Commodity Views Summary Macro - Financial Sector Stock Index Futures - Strategy view: Among 9 institutions surveyed, 1 was bullish, 1 was bearish, and 7 expected a sideways movement [4]. - Bullish logics: RMB appreciation, capital inflow, net financing purchase, potential monetary policies, and policy support for the stock market [4]. - Bearish logics: Global debt issues, ineffective industrial policies, slow economic improvement, and low market trading volume [4]. Bond Futures - Strategy view: Among 7 institutions surveyed, all 7 expected a sideways movement [4]. - Bullish logics: Low possibility of tightened liquidity, declining interest rates, policy constraints on market rates, and weak real - economy financing demand [4]. - Bearish logics: Unlikely further interest - rate cuts, upcoming special treasury bond supply, rising risk appetite, and expected policy - driven inflation and growth [4]. Energy Sector Crude Oil - Strategy view: Among 9 institutions surveyed, 1 was bullish, 4 were bearish, and 4 expected a sideways movement [5]. - Bullish logics: Rebound in transportation data, decline in US active oil rigs, high gold - oil ratio, and lack of clear OPEC production increase data [5]. - Bearish logics: Approaching US debt crisis, rumored OPEC+ production increase, inventory accumulation, easing US - Iran relations, poor US debt auction, and tariff threats [5]. Agricultural Sector Palm Oil - Strategy view: Among 8 institutions surveyed, 0 were bullish, 2 were bearish, and 6 expected a sideways movement [5]. - Bullish logics: Increase in Malaysian palm oil exports, limited production increase in May, high Indian imports, and decreasing domestic inventory [5]. - Bearish logics: Increase in Malaysian palm oil production, excessive domestic purchases, higher - than - expected production data, seasonal production increase, and potential reduction in biodiesel demand [5]. Non - Ferrous Metals Sector Aluminum - Strategy view: Among 7 institutions surveyed, 2 were bullish, 0 were bearish, and 5 expected a sideways movement [6]. - Bullish logics: Tariff - buffer - driven exports, improvement in US manufacturing PMI, inventory reduction, and continuous decline in social inventory [6]. - Bearish logics: Low downstream processing profits, post - tariff - window demand pressure, potential decline in photovoltaic demand, and high valuation [6]. Chemical Sector Glass - Strategy view: Among 7 institutions surveyed, 0 were bullish, 3 were bearish, and 4 expected a sideways movement [6]. - Bullish logics: Improved regional sales, reduced inventory, potential policy support, and technical support at the current price [6]. - Bearish logics: Price cuts for inventory reduction, high daily melting volume, approaching traditional off - season, and weak real - estate demand [6]. Precious Metals Sector Gold - Strategy view: Among 7 institutions surveyed, 4 were bullish, 0 were bearish, and 3 expected a sideways movement [7]. - Bullish logics: Global bond market volatility, Chinese reduction of US debt, trade risks, and geopolitical tensions [7]. - Bearish logics: Market pricing of US fiscal bill impact, potential limited impact of tariff threats, possible decline in gold's relative attractiveness, and overbought technical signals [7]. Black Metals Sector Coking Coal - Strategy view: Among 9 institutions surveyed, 0 were bullish, 3 were bearish, and 6 expected a sideways movement [7]. - Bullish logics: Coal mine maintenance, high steel - mill profits, strong basis after price decline, and weak coking - enterprise production - cut incentives [7]. - Bearish logics: High mine inventory, declining iron - water production, high auction failure rate, shrinking coking profits, and high port clearance volume [7].