Group 1 - The main contract for coking coal increased by 4.00%, currently priced at 858.00 yuan/ton [1] - The main contract for coke rose by 2.15%, currently priced at 1446.5 yuan/ton [1]

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - On July 2, 2025, the main glass futures contract rose 4.00% intraday, reaching 1028.00 yuan/ton, driven by multiple factors [3]. - The stock index futures market is expected to continue to fluctuate, with the Shanghai Composite Index slightly adjusting and the Shenzhen Component Index and ChiNext Index adjusting more significantly [7][8]. - Gold is expected to restart its upward trend after adjusting to an important support level, despite a recent adjustment due to the Fed's decision not to cut interest rates [11][12]. - The iron ore market should be viewed with a wide - range oscillation mindset, considering supply increases, weakening iron - water production, and port inventory accumulation [15][16]. - The glass market should be viewed with a bullish - leaning oscillation mindset, affected by short - term sentiment and recent significant production cuts in photovoltaic glass [19]. - The soybean oil market is expected to oscillate or strengthen in the short term due to the US biodiesel policy and the uncertain Middle - East situation, but short - sell lightly when the price reaches the 8050 - 8000 resistance area [22]. 3. Summary by Related Catalogs Hot Focus - The price increase of glass futures is due to production cut expectations (domestic leading photovoltaic glass enterprises plan to cut production by 30% starting from July, and a company plans to shut down a production line for cold repair), policy factors (the Central Financial and Economic Commission's measures to address low - price competition and promote quality improvement), market sentiment and technical factors (previous oversold condition and cost support from strong soda ash prices) [3][4]. Technical Analysis - Stock Index Futures - The market is expected to continue to oscillate, with the Shanghai Composite Index slightly adjusting and the Shenzhen Component Index and ChiNext Index adjusting more significantly [7][8]. Technical Analysis - Gold - After adjusting to an important support level, gold is likely to restart its upward trend. Although the Fed's decision not to cut interest rates has led to a short - term adjustment, the long - term outlook remains bullish [11][12]. Technical Analysis - Iron Ore - Supply has increased month - on - month, iron - water production has weakened seasonally, and port inventories have resumed accumulation. The market should be viewed with a wide - range oscillation mindset, and the over - valuation risk of iron ore should be noted [15][16]. Technical Analysis - Glass - The market should be viewed with a bullish - leaning oscillation mindset. Although there has been significant production cut in photovoltaic glass recently, the supply side has not seen major cold - repair due to losses, factory inventories are still high, and downstream demand has not increased significantly [19][20]. Technical Analysis - Soybean Oil - The market is expected to oscillate or strengthen in the short term due to the US biodiesel policy and the uncertain Middle - East situation. However, considering the current supply - demand situation and the upcoming seasonal increase in production and inventory, short - sell lightly when the price reaches the 8050 - 8000 resistance area [22].

Group 1 - Cocoa futures in London rose over 4%, reaching £5,850 per ton [1]

Group 1 - The core viewpoint of the article highlights the strong rebound in jujube futures, with prices reaching a two-month high, primarily driven by the exchange's reduction of jujube margin requirements [1] - Market enthusiasm has increased as funds actively follow the price surge, indicating a positive sentiment among traders [1] - The sustainability of this price increase will depend on subsequent weather developments and their impact on actual production capacity [1]

Core Viewpoint - Wheat futures increased by 0.5%, reaching $5.5475 per bushel [1] Group 1 - Wheat futures experienced a price rise of 0.5% [1] - The current price of wheat futures is $5.5475 per bushel [1]

Core Insights - The main futures contract for urea has increased by 50 yuan, representing a rise of 3%, now priced at 1715 yuan per ton [1] Group 1 - Urea futures are experiencing upward momentum, indicating potential market strength [1]

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core Views - On June 11, 2025, the rebar futures price rose to 2991 yuan/ton, driven by macro - economic factors, policies, market supply - demand, and market expectations [3][4]. - For stock index futures, it is expected that the market will likely maintain high - level fluctuations [7]. - Gold is in a short - term oscillatory pattern but is bullish in the long run, and the operation should focus on going long, with low - buying recommended instead of chasing the rise [11][12]. - Iron ore is a strong variety in the black series. Despite over - valuation risks due to weak reality, the continuous decline in port inventory supports the market, and a bullish - oscillatory view is recommended [15][16]. - For glass, an oscillatory - bullish view remains, waiting for the effect of real - estate stimulus or major policy announcements [18]. - Urea prices are in a weak adjustment. With domestic daily production at about 20.56 tons and an 87.23% operating rate, agricultural demand is slow, and when reaching the previous support area, there is a risk of a strong rebound from the long side [22]. 3. Summary by Related Catalogs Rebar Futures - The price increase is due to domestic economic recovery driving demand, government environmental policies reducing supply, supply - demand imbalances caused by cost and policy factors, and positive market expectations [4]. Stock Index Futures - The market is expected to maintain high - level fluctuations, with the background of China and the US reaching an agreement framework in principle [7]. Gold - It is in a short - term oscillatory pattern, but long - term bullish. Operationally, it is advisable to go long and choose low - buying [11][12]. Iron Ore - There is an over - valuation risk due to weak reality, but the continuous decline in port inventory supports the market. Technically, the lower support is effective, and a bullish - oscillatory view is recommended [15][16]. Glass - Supply has not seen significant cold - repair due to losses, factory inventories are high, and downstream demand is weak. An oscillatory - bullish view remains, waiting for real - estate stimulus or major policies [18][19]. Urea - Domestic daily production is about 20.56 tons with an 87.23% operating rate. Agricultural demand is slow, prices are in a weak adjustment, and when reaching the previous support area, there is a risk of a long - side rebound [22].

Core Insights - The article discusses the ongoing rise in ICE canola futures driven by tight old crop inventories and strong export demand [1] Group 1: Market Dynamics - Tight old crop inventories are contributing to the upward pressure on canola prices [1] - Strong export performance is further supporting the increase in canola futures [1] Group 2: Future Implications - The potential for canola meal prices to follow the upward trend of canola futures is being considered [1]

Core Insights - The most active cocoa contract in the New York market surged by 7.6%, reaching a price of $11,037 per ton, marking the highest intraday price since February 4 [1] Group 1 - The increase in cocoa prices indicates strong market activity and potential demand fluctuations [1]

Group 1 - The core point of the article is that aluminum futures prices have risen for five consecutive days, reaching a new high since April 2, with a current increase of 1.32%, priced at $2526.5 per ton [1]