Group 1 - The domestic commodity futures market saw most prices rise at the beginning of trading on August 13, with oilseed and oil futures leading the gains [1] - As of 9:18 AM, the main contracts for rapeseed and rapeseed meal futures increased by over 5%, while rapeseed oil futures rose by over 4%, and soybean meal futures increased by over 3% [1] - The initial ruling by the Ministry of Commerce on August 12 found that Canadian rapeseed was being dumped, requiring domestic importers to provide corresponding guarantees when importing Canadian rapeseed [3] Group 2 - Analysts expect that domestic rapeseed oil prices will continue to rise in August due to increased production costs and anticipated supply shortages, with spot prices expected to exceed 10,200 yuan per ton [3]

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Report's Core View - Both Shanghai rubber (RU) and synthetic rubber (BR) are expected to run strongly, with an intraday view of being strongly volatile and a medium - term view of being volatile [1][5][7] 3. Summary by Related Catalogs For Shanghai Rubber (RU) - **Short - term, Medium - term, and Intraday Views**: Short - term: volatile; Medium - term: volatile; Intraday: strongly volatile. Overall view is strongly running [1][5] - **Core Logic**: After the weakening of the previous macro - driving force, the rubber market returns to a market dominated by a weak supply - demand structure. Currently, the Southeast Asian rubber - producing areas are in the peak tapping season, and the domestic producing areas are also continuously releasing new rubber output, with high supply pressure. However, the domestic heavy - truck sales data and new - car production and sales data for August are better than expected, showing a significant year - on - year increase. Driven by the improvement of demand factors, the night - session of the domestic Shanghai rubber futures 2601 contract on Tuesday maintained a strongly volatile trend, with the futures price slightly rising 0.63% to 15,880 yuan/ton. It is expected to maintain a strongly volatile trend on Wednesday [5] For Synthetic Rubber (BR) - **Short - term, Medium - term, and Intraday Views**: Short - term: volatile; Medium - term: volatile; Intraday: strongly volatile. Overall view is strongly running [1][7] - **Core Logic**: After the weakening of the previous macro - driving force, synthetic rubber returns to a market dominated by a weak supply - demand structure. Currently, the operating load of domestic synthetic rubber plants is stable, and the supply pressure remains. However, the domestic heavy - truck sales data and new - car production and sales data for August are better than expected, showing a significant year - on - year increase. Driven by the improvement of demand factors, the night - session of the domestic synthetic rubber futures 2509 contract on Tuesday maintained a strongly volatile trend, with the futures price slightly rising 0.64% to 11,840 yuan/ton. It is expected to maintain a strongly volatile trend on Wednesday [7]

Group 1: Market Performance Summary - Today, the Nanhua Composite Index rose 0.82% based on the closing prices of adjacent trading days [1] - Among the sector indices, only the Nanhua Precious Metals Index fell by -0.36%, while the rest rose. The Nanhua Energy and Chemical Index had the largest increase of 1.31%, and the Nanhua Metal Index had the smallest increase of 0.69% [1] - All theme indices rose. The Black Raw Materials Index had the largest increase of 1.79%, and the Coal - Chemical Index had the smallest increase of 0.47% [1] - In the commodity futures single - variety indices, the Soda Ash index had the largest increase of 4.76%, and the Industrial Silicon index had the largest decrease of -1.78% [1] Group 2: Index Data - Index data includes various indices such as the Energy Index NHEI, Petroleum and Chemical Index NHPCl, Coal - Chemical Index NHCCl, etc., with their respective closing prices, previous closing prices, and annualized yields [2] Group 3: Single - Variety Index Yields and Fluctuations - There is data on the yields and fluctuations of major single - variety indices, though specific details are not fully clear from the text [2] Group 4: Industry Chain and Variety Performance - In the energy and chemical sector, specific varieties' single - variety index daily price changes are given, like the yields of some products in the energy and chemical industry chain [2] - In the black sector, there is a schematic diagram of the industrial chain of some varieties and their single - variety index daily price changes [7] - In the agricultural products sector, the single - variety index daily price changes of some varieties such as palm oil, rapeseed oil, etc. are presented. For example, palm oil rose 1.71%, rapeseed oil rose 2.26%, and rapeseed fell -0.70% [8]

Report Industry Investment Rating - Not provided Core Viewpoints - The fundamentals of industrial silicon show an increase in both supply and demand, with the overall commodity sentiment remaining strong, leading to a bullish trend in the industrial silicon futures market. For polysilicon, the spot price is relatively stable, but there is significant pressure on inventory accumulation due to a large increase in supply in August and average consumer demand. The futures market is greatly affected by anti - involution policies, and in the medium to long term, it is suitable to buy on dips [3][6] Summary by Related Content Industrial Silicon Market Analysis - On August 11, 2025, the industrial silicon futures price fluctuated upwards. The main contract 2511 opened at 8,760 yuan/ton and closed at 9,000 yuan/ton, a change of 415 yuan/ton (4.83%) from the previous settlement. The position of the main contract 2511 at the close was 271,943 lots, and the total number of warehouse receipts was 50,760 lots, a change of 420 lots from the previous day. The spot price of industrial silicon rose slightly, with prices in some regions increasing and remaining stable in Kunming. The price of 97 - silicon also remained stable [1] - The consumption side: The quoted price of silicone DMC was 1,1500 - 12,500 (- 150) yuan/ton. The silicone price showed a slight decline, with limited support from the consumer side. The domestic DMC price showed a differentiated trend this week, with some monomer plants offering lower prices to stimulate downstream bottom - up stocking, while others maintained higher prices due to previous orders. The main reason for the price decline was weak downstream demand [2] Strategy - Unilateral: Neutral; Inter - period: None; Cross - variety: None; Spot - futures: None; Options: None [3] Polysilicon Market Analysis - On August 11, 2025, the main contract 2511 of polysilicon futures rose significantly, opening at 50,600 yuan/ton and closing at 52,985 yuan/ton, a 6.34% change from the previous trading day. The position of the main contract reached 139,739 lots (137,596 lots the previous day), and the trading volume was 592,822 lots. The spot price of polysilicon remained stable. The inventory of polysilicon manufacturers and silicon wafers increased, and the weekly production of polysilicon and silicon wafers also increased [4] - The prices of silicon wafers, battery cells, and components remained stable. After a polysilicon meeting last week, the market is now focusing on downstream and power station meetings this week, and the current production reduction situation of upstream enterprises is undetermined [4][5] Strategy - Unilateral: Short - term range trading; Inter - period: None; Cross - variety: None; Spot - futures: None; Options: None. In the medium to long term, it is suitable to buy on dips [6]

Report Summary 1. Investment Rating - The report does not provide an industry investment rating. 2. Core Views - Both Shanghai rubber (RU) and synthetic rubber (BR) are expected to run in a relatively strong manner in the short - term and intraday, with a mid - term view of consolidation [1][5][7]. 3. Summary by Variety Shanghai Rubber (RU) - **Price and Change**: On the night session of Monday, the 2601 contract of domestic Shanghai rubber futures slightly rose 0.25% to 15760 yuan/ton [5]. - **Market Situation**: With the weakening of previous macro - driving forces, the rubber market has returned to a market dominated by a weak supply - demand structure. Currently, Southeast Asian rubber - producing areas are in the peak tapping season, and domestic producing areas are also continuously releasing new rubber output, resulting in high supply pressure. However, the domestic heavy - truck sales data and new - car production and sales data for August are better than market expectations, showing a significant year - on - year increase. Driven by the improvement of demand factors, it is expected that the 2601 contract of domestic Shanghai rubber futures may maintain a relatively strong and volatile trend on Tuesday [5]. Synthetic Rubber (BR) - **Price and Change**: On the night session of Monday, the 2509 contract of domestic synthetic rubber futures slightly declined 0.17% to 11720 yuan/ton [7]. - **Market Situation**: With the weakening of previous macro - driving forces, synthetic rubber has returned to a market dominated by a weak supply - demand structure. Currently, the operating load of domestic synthetic rubber plants is stable, and supply pressure remains. However, the domestic heavy - truck sales data and new - car production and sales data for August are better than market expectations, showing a significant year - on - year increase. Driven by the improvement of demand factors, it is expected that the 2509 contract of domestic synthetic rubber futures may maintain a relatively strong and volatile trend on Tuesday [7].

Report Summary 1) Report Industry Investment Rating No relevant information provided. 2) Core View of the Report The price of domestic thermal coal has been strong this week, and it is expected to continue to strengthen this summer. The resonance of multiple favorable factors, such as peak season and anti - involution policy disturbances, has driven the coal price to run strongly [4]. 3) Summary According to Relevant Catalogs Main Varieties Price Market Driving Logic - Commodity Futures Black Sector - **Price Performance**: As of August 7, the quotation of 5500K thermal coal at Qinhuangdao Port was 674 yuan/ton, with a week - on - week increase of 22 yuan/ton, and the increase rate continued to expand compared with last week. Since the low point in late June, the FOB price of 5500K at the port has increased by 64 yuan/ton in total, with a growth rate of 10.5% [4]. - **Supply and Demand Situation**: The supply of domestic thermal coal has been running smoothly this week. The peak season of thermal coal demand has performed well. The capacity utilization rate of non - power cement clinker is significantly higher than that of the same period last year. Coupled with the anti - involution rectification work in the coal industry boosting market sentiment, the atmosphere in the pit - mouth and port coal markets is still hot. The replenishment demand of downstream power plants continues to be released, and the enthusiasm of traders for hauling is high [4]. - **Inventory Situation**: As of August 7, the total inventory of thermal coal at 9 ports in the Bohai Rim was 2.4819 billion tons, basically unchanged week - on - week and slightly lower than the inventory of the same period last year by 22400 tons. Since this summer, the coal inventory at northern ports has decreased by 834400 tons in total from the inventory peak in May, and the inventory in the intermediate link has been effectively reduced, supporting the coal price to stop falling and rebound [4].

Group 1 - The core viewpoint of the news is that domestic commodity futures mostly rose on August 11, with significant increases in lithium carbonate, polysilicon, and industrial silicon [1] - Lithium carbonate reached a limit increase of 8%, while polysilicon and industrial silicon rose over 6% and 4% respectively [1] - Other commodities such as red dates, coking coal, rubber, palm oil, caustic soda, and coke also saw increases of over 2%, while rubber, stainless steel, apples, and hot-rolled coils rose over 1% [1] Group 2 - On the downside, eggs fell over 3%, and the shipping index for Europe dropped over 2% [1] - Additionally, commodities like soybean meal, crude oil, and fuel oil experienced declines of over 1% [1]

投资咨询业务资格：证监许可【2011】1778 号 宝城期货动力煤早报（2025 年 8 月 11 日） ◼ 品种观点参考 时间周期说明：短期为一周以内、中期为两周至一月 | | | 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—商品期货黑色板块 品种：动力煤现货 日内观点： 中期观点： 参考观点：震荡 核心逻辑：本周，国内动力煤价格维持强势运行，截至 8 月 7 日，秦皇岛港 5500K 动力煤报价 674 元/吨，周环比上涨 22 元/吨，涨幅较上周继续扩大。动力煤自 6 月下旬低点以来，5500K 港口平 仓价已累计上涨 64 元/吨，涨幅达到 10.5%。供需方面，本周国内动力煤供应平稳运行，电煤需 求旺季表现良好，非电端水泥熟料产能利用率显著高于去年同期，叠加煤炭行业反内卷整治工作 提振市场情绪，坑口、港口煤市氛围依然火热，下游电厂补 ...

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 8 月 11 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 策略参考 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 核心逻辑：由于本周美国农业部报告预期偏空，短期美豆在缺乏天气题材和出口低迷的拖累下，期价持续 承压于 1000 美分整数关口。国内豆类市场内强外弱格局持续，交易围绕近弱远强的供应预期和成本推动 展开，远期大豆成本抬升构成豆粕价格的重要支撑，短期豆粕期价有望保持易涨难跌走势。 品种：棕榈油(P) 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、中期为两周至一月(以前一日夜盘收盘价为基准) 品种 短期 中期 日内 观点参考 核心逻辑概 ...

原油系领跌玻璃纯碱表现疲弱 因俄美两国元首有望近期会晤，俄乌和谈有向好预期，地缘政治紧张情绪进一步降温，叠加OPEC+持 续增产以及石油消费将季节性转弱背景下，隔夜油价表现疲弱，带动国内原油系全线收跌，其中沥青增 仓破位下行，基本面方面，据南华期货分析，沥青供给端受山东部分炼厂复工带动，供给增加。而需求 端因华南、华东区域台风天气以及华北降雨抑制了需求释放，同时资金短缺尚未改善，旺季需求不及预 期。 玻璃、纯碱连续三天收跌，尽管煤炭现货价格上涨，对相关品种有成本支撑作用，但随着其涨幅收窄， 相关品种情绪边际转弱。基本面方面，银河期货分析称，纯碱供应增加，需求稳定，回归累库趋势，中 游货源释放，下游消耗前期库存，市场流动现货增加，现货下跌收基差；玻璃方面，随着期货价格下 跌，期限商货源释放，负反馈于现货市场，经过这一轮双月级别的上涨行情，无论是中游还是下游库存 都相对充足，短期补库意愿不强，且深加工订单未有明显好转，原片企业出货不佳，多数企业为促进出 货下调价格。 （文章来源：新华财经） 新华财经北京8月8日电（郭洲洋、左元）8月8日，碳酸锂涨超7%，红枣涨超3%，菜粕涨超2%，苹果涨 超1%；SC原油、低硫燃 ...