新华财经纽约7月31日电（记者刘亚南）美国和墨西哥两国领导人在当地时间31日进行了电话会谈，双 方同意在未来90天维持现有关税税率不变并就新的贸易协议进行谈判。 美国总统唐纳德·特朗普当日通过社交媒体表示，他刚刚与墨西哥总统克劳迪娅·辛鲍姆进行了"非常成 功"的电话会谈，并同意在未来90天延长近一段时间实施的协议，美国会继续对来自墨西哥的钢、铝、 铜、汽车和其他产品征收从25%至50%不等的进口关税。 特朗普表示，会谈让两人更加理解彼此。由于两国边境的问题，美墨间协议的复杂性与美国和其他国家 间有所不同。 特朗普还称，墨西哥已经同意立即终止其非关税贸易壁垒。美墨将继续在边境就毒品和非法移民等所有 涉及安全的方面进行合作。 （文章来源：新华财经） 辛鲍姆同时在社交媒体平台上说："我们刚刚与美国总统唐纳德·特朗普进行了非常好的电话会谈。我们 避免了从明天开始上调关税并达成一致，在90天时间内创建一个基于对话的长期协议。" 特朗普说："我们将在未来90天与墨西哥会谈，以在这90天内或更长时间签署一项贸易协议。" ...

| | | | 第一部分 | 前言概要 2 | | --- | --- | | | 2 | | | 2 | | | 2 | | 第二部分 | 行情复盘与前瞻 3 | | | 3 | | | 4 | | 第三部分 | 宏观面因素 5 | | | 5 | | | 6 | | 第四部分 | 基本面因素 8 | | | 8 | | | 8 | | | 9 | | | 9 | | | 10 | | | 10 | | | 11 | | 第五部分 | 后市展望及策略推荐 12 | | | 免责声明 13 | 有色板块研发报告 贵金属 8 月报 2025 年 7 月 31 日 弱预期遭遇强现实 贵金属价格高位震荡 第一部分 前言概要 银河期货 第 2 页 共 13 页 有色板块研发报告 贵金属 8 月报 2025 年 7 月 31 日 第二部分 行情复盘与前瞻 图表 3：沪金盘面走势 单位：元/克 图表 4：沪银盘面走势 单位：元/千克 第 3 页 共 13 页 贵金属 8 月报 2025 年 7 月 31 日 图表 1：伦敦金盘面走势 单位：美元/盎司 图表 2：伦敦银盘面走势 单位：美元/盎司 有色板块研发报告 第 4 ...

Core Viewpoint - South Korea is currently engaged in separate discussions with the United States regarding foreign exchange issues, indicating a focused approach to currency matters outside of broader trade negotiations [1] Group 1 - The South Korean Ministry of Finance is actively involved in discussions with the U.S. on foreign exchange topics [1] - There has been no direct discussion of exchange rates during the ongoing trade negotiations with the U.S. [1]

策略参考 投资咨询业务资格：证监许可【2011】1778 号 宝城期货豆类油脂早报（2025 年 7 月 31 日） 品种观点参考 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%为偏弱，跌幅 0~1%为震荡偏弱，涨幅 0~1%为震荡偏强，涨幅大于 1%为偏强。 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—商品期货农产品板块 品种：豆粕（M） 日内观点：震荡偏强 中期观点：震荡 参考观点：震荡偏强 策略参考 品种：棕榈油(P) 日内观点：震荡偏强 中期观点：震荡 参考观点：震荡偏强 核心逻辑：本周中美代表团第三次谈判的核心决定，就是将世界两大经济体之间的关税休战期延长三个月， 关税保持不变。美豆出口需求难有改善，美豆期价继续震荡运行。在中美谈判结果不及预期的背景下，国 内油厂远期买船心态仍将保持谨慎，大量的买船缺口难以快速填补，继续支撑豆类期价内强外弱。短期豆 粕期价或维持震荡偏强运行。 专业研究·创造价值 1 / 3 请务必阅读文末免责条款 时间周期说明：短期为一周以内 ...

加拿大总理卡尼：我们可能无法在8月1日前结束与美国的贸易谈判。 ...

美国总统特朗普看来对美印持续几个月的贸易谈判未获成果越来越不满，以印度同俄罗斯的贸易往来为由，威胁从下月起对印度施加征收关税等"惩罚"。 据央视新闻，特朗普当地时间7月30日通过社交媒体宣布，将从8月1日起对印度输美商品征收25%的关税并实施其他"惩罚"。特朗普发帖抱怨印度关税税率 太高，非关税壁垒又比其他任何国家都要"繁重和讨厌"，导致美印贸易多年来维持较小规模。他随后发帖说："我们与印度之间贸易逆差巨大。" 特朗普的帖子称，印度的关税"位居世界前列，而且其非货币贸易壁垒也是所有国家中最严格、最令人反感的"。他特别指出，印度"一直以来都从俄罗斯购 买绝大多数军事装备"，还是"俄罗斯最大的能源买家"之一。 特朗普发出新的威胁后，有印度官员表示，印度政府仍与美国保持接触，以确保达成互利的贸易协议。此后，印度称，政府已经收到特朗普的声明。印方将 采取必要行动，来确保自身的国家利益。正研究特朗普宣布的美国关税对于印度的影响。 特朗普的首席经济顾问、白宫国家经济委员会主任哈塞特表示，希望印度向美国开放市场。特朗普对美国与印度取得的进展感到沮丧。25%的关税将解决并 修复印度方面的形势。他预计，印度可能会降低对美价格， ...

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Views of the Report - The non - US copper market has low inventory, and the domestic copper market is expected to have a situation of weak supply and strong demand, but the short - term price lacks an obvious upward driver. Zinc has an increase in supply and weak demand, and the price is expected to be weak. The aluminum industry chain is recommended to be short - sold, and the fundamentals of tin are weak. Lead shows a range - bound trend, and nickel and stainless steel are in a weak situation [3][4][5][6][7][8] Group 3: Summary by Directory 1. Part One: Logic of Non - ferrous Metals Operation and Investment Suggestions - **Macro Logic**: The non - ferrous metals sector adjusts and falls after taking profits in the domestic anti - involution stage. The market focuses on trade negotiations and domestic policies. The US - EU trade agreement boosts the US dollar, putting pressure on non - ferrous metals [11] - **Investment Suggestions for Each Metal** - **Copper**: It is expected to stop falling and rebound, with support at 78000 - 79000 and pressure at 80000 - 82000. Suggested to buy at low prices [13] - **Zinc**: It is expected to be weakly volatile, with support at 21600 - 21800 and pressure at 22800 - 23100. Suggested to short at high prices [13] - **Aluminum Industry Chain**: It is expected to be weakly volatile. Suggested short - selling for aluminum, alumina, and cast aluminum alloy [13][14] - **Tin**: It is expected to be weakly volatile, with support at 250000 - 255000 and pressure at 270000 - 290000. Suggested short - selling [14] - **Lead**: It is expected to fluctuate in a range, with support at 16600 - 16800 and pressure at 17200 - 17400. Suggested to buy at low prices [14][15] - **Nickel**: It is expected to be bearish, with support at 115000 - 116000 and pressure at 122000 - 123000. Suggested to short at high prices [15] - **Stainless Steel**: It is expected to be weakly volatile, with support at 12300 - 12400 and pressure at 12800 - 13000. Suggested to short at high prices [15] 2. Part Two: Review of Non - ferrous Metals Market - The closing prices and daily changes of copper, zinc, aluminum, alumina, tin, lead, nickel, stainless steel, and cast aluminum alloy are presented [16] 3. Part Three: Position Analysis of Non - ferrous Metals - The latest position analysis of the non - ferrous metals sector includes information on net long and short positions, their changes, and influencing factors for different varieties [18] 4. Part Four: Spot Market of Non - ferrous Metals - The spot prices and daily changes of copper, zinc, aluminum, alumina, nickel, stainless steel, tin, lead, and cast aluminum alloy are provided [19][21] 5. Part Five: Non - ferrous Metals Industry Chain - Charts related to the industry chain of copper, zinc, aluminum, alumina, tin, lead, nickel, and stainless steel are presented, including inventory changes, processing fees, and price trends [22][26][28][33][39][41][46][52] 6. Part Six: Non - ferrous Metals Arbitrage - Charts related to the arbitrage of copper, zinc, aluminum, alumina, tin, lead, nickel, and stainless steel are presented, including ratio changes, basis, and spread trends [54][56][59][62][66][69][70] 7. Part Seven: Non - ferrous Metals Options - Charts related to the options of copper, zinc, and aluminum are presented, including historical volatility, implied volatility, trading volume, and open interest [72][73][75]

1. Report Industry Investment Ratings - **Macro Finance**: Defensive wait-and-see for stock indices, take profit for treasury bonds [1][6] - **Black Building Materials**: Temporarily wait-and-see for rebar, oscillate for iron ore and coking coal and coke [1][6] - **Non-ferrous Metals**: Range trading or wait-and-see for copper, wait-and-see for aluminum, suggest wait-and-see or short on rallies for nickel, range trading for tin, gold, and silver [1][11] - **Energy and Chemicals**: Oscillate for PVC, caustic soda, styrene, rubber, urea, and methanol; wide-range oscillation for polyolefins; short lightly for soda ash [1][21] - **Cotton Textile Industry Chain**: Oscillate and adjust for cotton and cotton yarn, oscillate strongly for apples and jujubes [1][36] - **Agriculture and Animal Husbandry**: Short on rallies for pigs and eggs; wide-range oscillation for corn; oscillate strongly for soybean meal and oils [1][38] 2. Core Views of the Report - The report provides investment ratings and trading suggestions for various futures varieties based on current market conditions, including macro events, supply and demand fundamentals, and policy expectations [1][6] - It emphasizes the importance of paying attention to key events such as the Sino-US economic and trade talks, the Politburo meeting, and the Fed's interest rate decision, as well as the impact of these events on the market [6][11] - For each variety, it analyzes the supply and demand situation, cost factors, and market sentiment to predict the future price trend and provides corresponding investment strategies [6][8] 3. Summaries According to Relevant Catalogs Macro Finance - **Stock Indices**: Due to the Sino-US economic and trade talks and the Politburo meeting, combined with the high margin trading and the decline in fund holding ratio, the stock indices may oscillate, especially with potential small fluctuations during the intensive disclosure period of mid-year reports in late August [6] - **Treasury Bonds**: Although the bond market rebounded on Monday and the central bank's capital injection improved market sentiment, the market is still in the paradigm of "trading bonds based on commodities" and "trading bonds based on stocks." Attention should be paid to whether the important meeting will bring incremental demand-side policies. If demand improves, the bond market may not be overly optimistic [6] Black Building Materials - **Rebar**: On Tuesday, the rebar futures price rose significantly. The market is trading on the expectation of the Politburo meeting. Fundamentally, supply and demand are relatively balanced. In the short term, it is expected to enter an oscillating pattern, and investors can wait and see or conduct short-term trading [8] - **Iron Ore**: On Tuesday, the iron ore futures price oscillated strongly. Affected by the macro sentiment, the impact on iron ore is relatively small. The supply is expected to increase in the long term, but the current high profit of steel products and the expectation of the meeting support the price. It is expected to oscillate at a high level [8] - **Coking Coal and Coke**: The supply of coking coal is tight locally, and the import is improving. The demand for coke is strong, and the supply and demand structure is tight. The price of coking coal is expected to oscillate, and the price of coke may continue to rise [9] Non-ferrous Metals - **Copper**: Affected by the US copper import tariff policy and the change in domestic demand, the copper price is expected to oscillate in a range. It is recommended to conduct range trading or wait and see [11] - **Aluminum**: The price of bauxite is supported, but the supply of imported ore may increase in the third quarter. The production capacity of alumina and electrolytic aluminum is increasing, while the downstream demand is weak. It is recommended to wait and see for aluminum and short on rallies for alumina [12][13] - **Nickel**: The supply of nickel is in excess in the medium and long term, and the consumption growth is limited. It is recommended to short on rallies, with the main contract reference range of 118,000 - 124,000 yuan/ton; for stainless steel, it is recommended to conduct range trading, with the main contract reference range of 12,500 - 13,200 yuan/ton [14][15] - **Tin**: The production of refined tin is stable, and the consumption of the semiconductor industry is expected to recover. The supply and demand gap of tin ore is improving. It is recommended to conduct range trading, with the reference range of the SHFE tin 09 contract being 245,000 - 270,000 yuan/ton [16] - **Gold and Silver**: Affected by the Sino-US trade talks and the Fed's interest rate decision, the market's risk aversion sentiment has decreased, but there are still concerns about the US fiscal situation and geopolitical situation. It is recommended to conduct range trading carefully, with the reference range of the SHFE gold 10 contract being 757 - 805 and the SHFE silver 10 contract being 8,700 - 9,500 [18][19] Energy and Chemicals - **PVC**: The cost is low, the supply is high, and the demand is weak. The inventory is slightly lower than last year, and the sustainability of exports is uncertain. It is expected to oscillate in the short term, and the 09 contract can focus on the range of 5,150 - 5,350 [21][22] - **Caustic Soda**: The supply is abundant, and the demand has rigid support but the growth rate slows down. The spot price is stable and weak, and the near-month contract is under pressure. It is expected to oscillate, and the 09 contract can focus on the range of 2,500 - 2,700 [24] - **Styrene**: The cost is under pressure, the supply is expected to increase, and the demand may weaken. The macro environment is favorable, and the price is expected to oscillate, with the focus on the range of 7,200 - 7,600 [26] - **Rubber**: The raw material price is high, providing cost support. The downstream demand is general, and the price is expected to oscillate strongly, with the focus on the pressure level of 15,000 [28] - **Urea**: The supply decreases slightly, the demand from compound fertilizer enterprises increases, and the industrial demand is stable. The inventory pattern is neutral, and the price is expected to be weak first and then strong, with the support level of 1,700 - 1,730 and the pressure level of 1,820 - 1,850 [31] - **Methanol**: The supply increases slightly, the demand from the methanol-to-olefins industry is stable, and the traditional demand is weak. The inventory decreases, and the price may face a certain correction [32][33] - **Polyolefins**: Affected by the macro sentiment and cost factors, the price is expected to oscillate weakly in the short term. The L2509 contract can focus on the range of 7,200 - 7,500, and the PP2509 contract can focus on the range of 6,900 - 7,200 [34] - **Soda Ash**: After the market sentiment cools down, the futures price of soda ash has fallen back. The supply is expected to increase in August, and the price is overestimated. It is recommended to short lightly [34] Cotton Textile Industry Chain - **Cotton and Cotton Yarn**: According to the USDA report, the global cotton production and consumption in the 2025/26 season are expected to increase, and the ending inventory will also increase. The Xinjiang cotton production is expected to be good, and the downstream consumption is light. The futures price is expected to oscillate and adjust [36] - **Apples**: The spot market is stable, the inventory of old-season apples is low, and the early-maturing apples are in stable demand. The price is expected to oscillate strongly in the high range [36] - **Jujubes**: The jujube trees in the main producing areas are in the growth period, and the second and third crops of flowers have a good fruit set. The supply in the sales area is low, and the price of high-quality products is strong. It is expected that the spot price will be stable and strong in the short term [37] Agriculture and Animal Husbandry - **Pigs**: The supply is strong and the demand is weak, and the pig price is under pressure. However, the resistance from the breeding side and the entry of secondary fattening limit the decline. In the medium and long term, the supply will gradually increase. It is recommended to short on rallies for the near-month contracts, and consider the arbitrage strategy of long 05 and short 03 [38][39] - **Eggs**: The short-term supply pressure is weakened by the decline in egg production rate, and the demand is expected to increase seasonally. However, the large supply in the medium and long term restricts the increase. It is recommended to short on rallies for the 09 contract and wait to go long on dips for the 12 and 01 contracts [40][41] - **Corn**: The short-term supply and demand game intensifies, and the spot price has limited upward and downward space. The medium and long-term supply and demand are tightened, but the supply from substitutes limits the increase. It is recommended to be cautious about going long unilaterally in the short term, with the range of 2,250 - 2,350, and consider the 9 - 1 reverse arbitrage opportunity [42][43] - **Soybean Meal**: In the short term, the good weather in the US soybean producing areas and the abundant supply in China suppress the price. In the long term, there is a potential supply gap, and the price is expected to be strong. It is recommended to cautiously go long on the M2509 contract and go long on dips for the M2511 and M2601 contracts [44][45] - **Oils**: The short-term market sentiment is bearish, but the supply and demand of Indonesian palm oil are balanced, and the demand from China and India still exists. The short-term price is expected to oscillate, and it is recommended to go long on dips. The 09 contracts of soybean oil, palm oil, and rapeseed oil can focus on the ranges of 8,000 - 8,200, 8,900 - 9,200, and 9,300 - 9,600 respectively [45][51]

Market Performance - The three major U.S. stock indices all declined, with the S&P 500 dropping over 0.2%, the Dow Jones falling approximately 200 points with a decline exceeding 0.4%, and the Nasdaq decreasing by 0.3% [1] Bond Market - U.S. Treasury yields expanded their decline, with the 30-year Treasury yield reaching a new low since July 11 [1] Currency Exchange - The South Korean won maintained its upward trend against the U.S. dollar, rebounding from a daily low of 1394.87 won to a daily high of 1386.99 won [1] ETFs - Korean ETFs listed in the U.S. sustained a gain of over 1.2% [1] Trade Negotiations - U.S. Secretary of Commerce Gina Raimondo urged South Korea to present the best trade proposals during trade negotiations [1]

1. Report Industry Investment Ratings - Index: Bullish [1] - Treasury Bonds: Sideways [1] - Gold: Sideways, with a bullish pattern for silver [4] - Non - ferrous Metals (Copper): Sideways [4] - Non - ferrous Metals (Aluminum and Alumina): Sideways for alumina, cautious and bearish short - term, long - term bullish for aluminum [4] - Non - ferrous Metals (Nickel): Sideways [4] - Lithium Carbonate: Sideways [6] - Silicon Energy: Sideways [6] - Steel and Ore (Threaded Steel): Bullish pattern [6] - Steel and Ore (Hot - Rolled Coil): Bullish pattern [6] - Steel and Ore (Iron Ore): Sideways pattern [7] - Coking Coal and Coke (Coking Coal): Sideways [7] - Coking Coal and Coke (Coke): Sideways [7] - Soda Ash/Glass (Soda Ash): Sideways pattern [7] - Soda Ash/Glass (Float Glass): Sideways pattern [7] - Crude Oil: Sideways [9] - Methanol: Bullish [9] - Polyolefins: Sideways [9] - Cotton: Sideways and bullish [9] - Rubber: Cautiously bullish [9] 2. Core Views of the Report - The overall upward trend of the stock index is clear, and there are opportunities to go long on dips; the bond market is affected by sentiment and the stock - commodity market, with reduced upward pressure but high uncertainty [1] - Gold is in a high - level sideways pattern, and silver has strong support. It is recommended to hold short - put option positions and go long on silver [4] - The copper market is affected by the US copper tariff policy, with high uncertainty and a sideways pattern [4] - Alumina is affected by sentiment in the short - term, with a medium - term surplus pattern; aluminum has clear supply constraints and a relatively stable long - term bullish strategy [4] - Nickel lacks directional drivers and is in a sideways pattern, and the short - call option position can be held [4] - The long - term logic of "anti - involution" in the steel and ore market remains valid, but short - term factors are differentiated. Each variety has different supply - demand situations and corresponding strategies [6][7] - The soda ash market has a supply surplus, and the glass market has a relatively better fundamental situation. It is recommended to hold the long - glass and short - soda ash strategy [7] - The crude oil market is affected by geopolitical factors, with a risk premium increase and a sideways pattern [9] - Methanol has price support, and it is recommended to sell put options [9] - Polyolefins have a low basis, and the futures may continue to fluctuate [9] - Cotton prices may fluctuate in a moderately bullish range before September - October [9] - Rubber is in a situation of both supply and demand increasing, with a sideways price trend [9] 3. Summaries According to Related Catalogs 3.1 Stock Index - On Monday, the A - share market had a narrow - range consolidation, with the ChiNext remaining strong and the trading volume slightly decreasing. The stock index futures were in a high - level consolidation, and the discount of IC and IM widened again [1] - The "anti - involution" sentiment in the market cooled down, and the market returned to a state of rapid sector rotation. The macro - level is affected by Sino - US economic and trade talks, and the fundamental long - term logic of corporate profit repair remains unchanged. The upward trend of the stock index is clear, and attention should be paid to the opportunity to go long on dips [1] 3.2 Treasury Bonds - The bond market rebounded across the board, and the upward pressure on the bond market decreased. The central bank made large - scale net injections, and the liquidity was abundant. The bond market is affected by sentiment and the stock - commodity market in the short - term, with high uncertainty [1] 3.3 Gold and Silver - Gold is in a high - level sideways pattern, lacking short - term drivers. If it pulls back to the lower edge of the operating range since June, short - term long positions can be considered. The gold - silver ratio continues to converge, and silver has strong price support. It is recommended to hold short - put option positions and go long on silver [4] 3.4 Non - ferrous Metals Copper - The Shanghai copper market is mainly affected by the US copper tariff policy. The medium - long - term supply of the mining end is tight, and the short - term import demand depends on policies. The market has high uncertainty and is in a sideways pattern [4] Aluminum and Alumina - Alumina is affected by sentiment in the short - term, with a medium - term surplus pattern. The short - term demand for aluminum is cautious, but the supply constraints are clear, and the long - term bullish strategy is relatively stable [4] Nickel - The supply of nickel has a tight situation in Indonesia's mines and abundant production capacity of nickel iron and intermediate products. The demand is in the off - season. The market "anti - involution" sentiment cooled down, and the nickel price lacks directional drivers, remaining in a sideways pattern. The short - call option position can be held [4] 3.5 Lithium Carbonate - The exchange adjusted the handling fee and daily opening limit, and the long - position sentiment in the lithium carbonate futures market weakened. The supply pattern has limited improvement, and there is still inventory accumulation pressure. Attention should be paid to the mining license approval results of key mines in Jiangxi in early August [6] 3.6 Silicon Energy - The silicon energy market has limited new orders for polysilicon, and downstream procurement is cautious. The industrial silicon market is mainly driven by polysilicon in the early stage, and the fundamental situation has not improved substantially, with the bullish sentiment fading [6] 3.7 Steel and Ore Threaded Steel - The spot price of threaded steel continued to decline, and the basis strengthened significantly. The regulatory tightening cooled the market, and the short - term supply contraction probability is low. The price has strong support, and it is recommended to hold the short - put option position [6] Hot - Rolled Coil - The spot price of hot - rolled coil continued to decline, and the basis also strengthened significantly. The short - term supply contraction probability is low. The price has support, and it is recommended to wait and see [6] Iron Ore - The short - term supply of iron ore is relatively stable, and the long - term price is under pressure. The 9 - 1 positive spread strategy can be patiently held, and the arbitrage opportunity of going long on coking coal and short on iron ore in the 01 contract can be grasped after the sentiment stabilizes [7] 3.8 Coking Coal and Coke Coking Coal - The exchange upgraded risk - control measures, and the coking coal futures price fell sharply. The supply tightening expectation exists, and the fundamentals support the price, but short - term unilateral participation requires caution [7] Coke - The coke spot market is bullish, but the futures price is affected by the decline of coking coal and shows a sideways decline [7] 3.9 Soda Ash and Glass Soda Ash - The soda ash market has a supply surplus, and the demand is affected by "anti - involution". The inventory decreased recently, and attention should be paid to the warehouse receipt pressure. It is recommended to wait and see for new orders and hold the long - glass and short - soda ash strategy [7] Float Glass - The glass market has a relatively better fundamental situation, with continuous inventory reduction. It is recommended to go long on dips or sell put options and hold the long - glass and short - soda ash strategy [7] 3.10 Crude Oil - Geopolitical factors have become the short - term focus of the market, and the risk premium has increased. The OPEC+ may increase production in September. The demand - side support has weakened, and the market is in a sideways pattern [9] 3.11 Methanol - The port inventory of methanol is expected to increase, and the start - up rate of northwest coal - chemical plants is expected to rise. The futures price is higher than the spot price, and it is recommended to sell put options [9] 3.12 Polyolefins - The basis of polyolefins is low, and the futures may pull back. In August, both supply and demand are expected to increase, and the futures will continue to fluctuate [9] 3.13 Cotton - The short - term supply of cotton is tight, and the demand is relatively stable. There is a possibility of additional quotas. Before September - October, the cotton price may fluctuate in a moderately bullish range [9] 3.14 Rubber - The port inventory of rubber is increasing again, and the supply and demand are both increasing. The price is in a sideways pattern, and attention should be paid to the production increase rate in Southeast Asian producing areas [9]