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]

Group 1 - The domestic non-ferrous metal futures market experienced a decline, with lithium carbonate futures dropping over 4% to 79,200.00 CNY/ton [1] - As of August 22, the main contracts showed mixed performance: industrial silicon rose by 0.58% to 8,645.00 CNY/ton, while polysilicon fell by 1.42% to 51,295.00 CNY/ton [1][2] - The opening prices for various contracts on August 22 indicated a downward trend for lithium carbonate and polysilicon, while industrial silicon showed a slight increase [2] Group 2 - As of August 21, copper futures warehouse receipts decreased by 66 tons to 25,157 tons, while aluminum receipts fell by 3,048 tons to 59,890 tons [3] - The data indicated a mixed trend in warehouse receipts, with nickel increasing by 29 tons to 22,588 tons and lithium carbonate rising by 275 hands to 24,320 hands [3] - The basis data showed that several commodities, including copper, aluminum, nickel, industrial silicon, and lithium carbonate, experienced a 'backwardation' phenomenon, where spot prices exceeded futures prices [3] Group 3 - The basis and basis rate for various commodities were reported, with copper showing a basis of 225 CNY and a basis rate of 0.29%, while aluminum had a basis of 96 CNY and a basis rate of 0.46% [4][5] - Lithium carbonate had a basis of 133 CNY with a basis rate of 0.16%, indicating a slight premium over its futures price [5] - Industrial silicon exhibited a significant basis of 935 CNY and a high basis rate of 9.81%, reflecting strong demand relative to futures pricing [5]

Group 1 - The black metal futures market in China experienced a collective decline on August 20, with manganese silicon futures dropping over 2% [1] - As of the latest data, iron ore futures fell by 0.97% to 763.00 CNY/ton, hot-rolled coil futures decreased by 0.93% to 3391.00 CNY/ton, manganese silicon futures dropped by 2.61% to 5814.00 CNY/ton, and silicon iron futures fell by 2.10% to 5602.00 CNY/ton [1][2] Group 2 - On August 19, the warehouse futures data for black metals showed an increase in rebar futures warehouse receipts by 15,137 tons compared to the previous trading day, while iron ore futures receipts decreased by 100 contracts [3] - The data also indicated an increase in stainless steel warehouse receipts by 19,010 tons and a slight increase in hot-rolled coil futures receipts by 880 tons [3] - Conversely, silicon iron futures receipts decreased by 114 contracts, and manganese silicon futures receipts fell by 407 contracts [3] Group 3 - As of August 19, several black metal varieties exhibited a phenomenon of "backwardation," where spot prices were higher than futures prices [3] - The basis for rebar was 102 CNY with a basis rate of 3.14%, while the basis for manganese silicon was -130 CNY with a basis rate of -2.23% [3]

铜期货仓单24560吨，环比上个交易日增加126吨； 铝期货仓单65191吨，环比上个交易日增加7245吨； 锌期货仓单20020吨，环比上个交易日增加2923吨； 锡期货仓单7426吨，环比上个交易日增加4吨； 8月18日，国内期市有色金属板块涨跌参半，碳酸锂主力涨近5%。截止目前，碳酸锂主力上涨4.74%， 报89300.00元/吨；多晶硅主力上涨2.19%，报52525.00元/吨；氧化铝主力下跌0.81%，报3181.00元/吨； 沪铝主力下跌0.82%，报20570.00元/吨。 8月18日有色金属期货价格行情 | 合约名称 | 开盘价 | 昨收价 | 昨结价 | | --- | --- | --- | --- | | 氧化铝主力 | 3212.00 | 3205.00 | 3207.00 | | 碳酸锂主力 | 88160.00 | 86900.00 | 85260.00 | | 沪铜主力 | 79060.00 | 79060.00 | 78960.00 | | 国际铜主力 | 70070.00 | 70180.00 | 70070.00 | | 沪铝主力 | 20695.00 | 20770.0 ...

Core Insights - The domestic oilseed market shows mixed performance, with palm oil futures rising over 2% while peanut futures decline slightly [1] - As of August 18, the main contracts for various oilseeds have shown the following price changes: canola meal up 1.13% to 2592.00 CNY/ton, canola oil up 0.85% to 9862.00 CNY/ton, and palm oil up 2.02% to 9596.00 CNY/ton [1] Price Trends - On August 18, the opening and closing prices for key oilseed futures were as follows: - Soybean oil: opened at 8558.00 CNY, previous close at 8534.00 CNY - Palm oil: opened at 9520.00 CNY, previous close at 9460.00 CNY - Canola oil: opened at 9783.00 CNY, previous close at 9757.00 CNY - Canola meal: opened at 2557.00 CNY, previous close at 2546.00 CNY [2] Warehouse Receipt Data - As of August 15, warehouse receipts for various oilseed futures showed the following changes: - Soybean oil: 14840 contracts, down 2130 from the previous day - Palm oil: 1420 contracts, unchanged - Canola oil: 3487 contracts, unchanged - Soybean meal: 10925 contracts, unchanged - Canola meal: 9821 contracts, unchanged [3] Basis and Spot Prices - The basis and spot prices for key oilseed products as of August 15 are as follows: - Canola oil: spot price 9876.67 CNY, futures price 9779 CNY, basis 97 CNY - Canola meal: spot price 2648.33 CNY, futures price 2563 CNY, basis 85 CNY - Palm oil: spot price 9428 CNY, futures price 9406 CNY, basis 22 CNY - Soybean meal: spot price 3092 CNY, futures price 3137 CNY, basis -45 CNY [4]

8月18日，国内期市原油系板块"万绿丛中一点红"，原油主力跌逾1%。具体来看，截止目前，原油主力 下跌1.17%，报483.20元/桶；低硫燃料油主力上涨0.44%，报3463.00元/吨；沥青主力下跌0.37%，报 3458.00元/吨；液化石油气主力下跌0.98%，报3837.00元/吨。 8月18日原油系期货价格行情 | 合约名称 | 开盘价 | 昨收价 | 昨结价 | | --- | --- | --- | --- | | SC原油 | 486.40 | 488.10 | 488.90 | | 燃料油 | 2690.00 | 2691.00 | 2705.00 | | 沥青 | 3461.00 | 3461.00 | 3471.00 | | 液化石油气 | 3858.00 | 3861.00 | 3875.00 | | 低硫燃料油 | 3436.00 | 3436.00 | 3448.00 | 8月15日，商品仓单数据显示： 中质含硫原油期货仓单4767000桶，环比上个交易日持平； 燃料油期货仓单80710吨，环比上个交易日持平； 石油沥青厂库期货仓单41710吨，环比上个交易日持平；石油沥青仓库期 ...

Group 1 - The grain futures market in China experienced a mixed performance on August 15, with corn starch futures dropping nearly 1% [1] - As of the latest data, corn futures decreased by 0.77% to 2190.00 CNY/ton, while japonica rice futures slightly increased by 0.03% to 3613.00 CNY/ton [1] - Corn starch futures fell by 0.95%, settling at 2620.00 CNY/ton [1] Group 2 - On August 15, the opening prices for japonica rice, corn, and corn starch were 3613.00 CNY, 2197.00 CNY, and 2645.00 CNY respectively [2] - The previous closing prices for these contracts were 3615.00 CNY for japonica rice, 2202.00 CNY for corn, and 2648.00 CNY for corn starch [2] - The last settlement prices were 3612.00 CNY for japonica rice, 2207.00 CNY for corn, and 2645.00 CNY for corn starch [2] Group 3 - As of August 14, corn starch futures had a total warehouse receipt of 7450 contracts, remaining unchanged from the previous trading day [3] - Corn futures saw an increase of 1388 contracts, bringing the total to 133480 contracts [3] - A basis phenomenon was observed in corn contracts, indicating a situation where the spot price (2320 CNY) exceeded the futures price (2207 CNY), resulting in a basis of 113 CNY and a basis rate of 4.87% [3]

8月15日，国内期市油脂油料板块全线飘绿，菜籽粕主力跌逾3%。截至目前，菜籽粕主力下跌3.34%， 报2550.00元/吨；菜籽油主力下跌1.79%，报9746.00元/吨；豆粕主力下跌1.17%，报3127.00元/吨；花生 主力下跌1.16%，报7840.00元/吨。 8月15日油脂油料期货价格行情 8月14日，仓单日报数据显示： 豆二期货仓单2900手，环比上个交易日持平。 花生期货仓单0张，环比上个交易日持平； | 合约名称 | 开盘价 | 昨收价 | 昨结价 | | --- | --- | --- | --- | | 豆油 | 8500.00 | 8520.00 | 8550.00 | | 棕榈油 | 9382.00 | 9368.00 | 9450.00 | | 菜籽油 | 9820.00 | 9840.00 | 9924.00 | | 豆粕 | 3150.00 | 3157.00 | 3164.00 | | 菜籽粕 | 2599.00 | 2606.00 | 2638.00 | | 豆一 | 4041.00 | 4041.00 | 4071.00 | | 豆二 | 3800.00 | 3807. ...

Group 1 - The black metal futures market in China experienced a collective decline on August 14, with iron ore futures dropping nearly 3% [1] - As of the latest data, iron ore futures fell by 2.88% to 775.50 CNY/ton, rebar futures decreased by 1.97% to 3184.00 CNY/ton, silicon iron futures dropped by 2.25% to 5914.00 CNY/ton, and wire rod futures fell by 1.79% to 3406.00 CNY/ton [1][2] Group 2 - On August 13, the inventory data for black metal futures showed an increase in rebar futures warehouse receipts by 9919 tons to 106673 tons, while iron ore futures receipts increased by 400 contracts to 3600 contracts [3] - Stainless steel warehouse receipts decreased by 422 tons to 103518 tons, and silicon iron futures receipts decreased by 40 contracts to 21898 contracts [3] Group 3 - The basis data as of August 13 indicated that rebar, wire rod, hot-rolled coil, and stainless steel contracts experienced a "backwardation" phenomenon, where spot prices were higher than futures prices [3] - The basis and basis rate for various products showed that rebar had a basis of 79 CNY with a basis rate of 2.37%, while silicon iron had a negative basis of -538 CNY with a basis rate of -9.76% [4]

8月8日，国内期市黑色金属板块"万绿丛中一点红"，硅铁主力跌逾1。截止目前，螺纹钢主力下跌 0.71%，报3213.00元/吨；热卷主力下跌0.73%，报3422.00元/吨；不锈钢主力上涨0.15%，报12980.00元/ 吨；硅铁主力下跌1.47%，报5768.00元/吨。 8月8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 | 3235.00 | 3231.00 | 3236.00 | | 铁矿石 | 793.00 | 793.00 | 791.50 | | 不锈钢 | 13000.00 | 13000.00 | 12960.00 | | 热卷 | 3446.00 | 3440.00 | 3447.00 | | 线材 | 3449.00 | 3468.00 | 3461.00 | | 硅铁 | 5826.00 | 5834.00 | 5854.00 | | 锰硅 | 6050.00 | 6064.00 | 6064.00 | 8月7日，黑色金属仓单数据显示： 螺纹钢仓库期货仓单93491吨，环比上个交易日增加 ...