事情总是出人意料，充满了戏剧性转折。因为格陵兰岛问题，欧洲八国决定出兵赴格陵兰，而美国总统特朗普则提出了强烈的反制措施。就在此时，欧盟也 决定采取强硬立场，反击的声音愈发高涨，甚至公开表示要撕毁与美国的关税协议。然而，就在特朗普自封关税大王之后，丹麦国内却爆发了大规模的反美 抗议活动。回望2025年7月，欧盟主席冯德莱恩和特朗普签署了一份令欧洲人愤慨的协议：美国将对欧盟实施15%的关税，而作为交换，欧盟承诺向美国投 资6500亿美元。这一协议一经公开，欧洲民众的反应十分激烈，纷纷指责冯德莱恩将欧盟沦为美国的附庸。尽管如此，协议还是生效了。谁曾想到，2026年 初，特朗普竟然再次举起了关税大棒，对欧盟国家施压？ 简而言之，这几天发生的事件，源于美国一再提出吞并格陵兰岛的计划，而丹麦政府屡次警告却未能得到回应。于是，丹麦政府决定从1月14日起向格陵兰 增兵，并向英国、德国、法国、荷兰、瑞典、挪威、芬兰等国请求援助。在这七个国家中，除了英国外，其余六国均为欧盟成员国。令人意外的是，这七国 的回应冷淡至极，派出的代表人数寥寥无几，尽管总共派出了37名代表，但人数的稀少却充分显示出他们的态度冷漠。英国派出了1人，荷兰和 ...

全球最大黄金ETF--SPDR Gold Trust持仓报告显示，1月16日黄金etf持有量为1085.67吨，较上一交易日 保持不变 。周一（1月19日)截止收盘，现货黄金报4669.70美元/盎司，涨幅1.59%，日内最高上探至 4689.39美元/盎司，最低触4594.31美元/盎司。 【市场要闻速递】 摘要全球最大黄金ETF--SPDRGoldTrust持仓报告显示，1月16日黄金etf持有量为1085.67吨，较上一交易 日保持不变。周一（1月19日)截止收盘，现货黄金报4669.70美元/盎司，涨幅1.59%，日内最高上探至 4689.39美元/盎司，最低触4594.31美元/盎司。 欧盟将于1月22日召开紧急峰会，讨论美国总统特朗普宣布向反对美国得到格陵兰岛的欧洲国家加征关 税等问题，并评估欧盟可能采取的反制措施。此前有消息称，欧盟正准备对价值930亿欧元的美国商品 征收报复性关税。 ...

在美国与欧洲关系日趋紧张的背景下，时间回溯到2026年1月，一系列事件如多米诺骨牌般接连发生，预示着一场潜在的国际风暴。 故事的开端要从美国总统特朗普在"真实社交"平台上发布的一张黑白自拍照说起。照片中，他将自己冠以"关税之王"的称号，似乎预示着一场新的贸易战即 将拉开帷幕。这张照片迅速传遍欧洲，包括丹麦、挪威、瑞典、法国、德国、英国、荷兰和芬兰等八个国家无一幸免，引发了国际社会的高度关注。 紧随其后，特朗普宣布了一项重磅消息：自2月1日起，美国将对上述八个欧洲国家出口的所有商品加征10%的关税。更令人震惊的是，他还威胁称，如果这 些国家不就"完全、彻底购买格陵兰岛"与美国达成协议，关税税率将从6月1日起飙升至25%。这一强硬姿态，被外界解读为特朗普政府放弃了武力夺取格陵 兰岛的想法，转而采取经济手段向欧洲施压。 一位了解18日会谈情况的外交官用"黑手党式手段"形容特朗普的关税威胁，并表示欧盟希望在公开层面呼吁冷静，给特朗普一个"下台阶"的机会。但他同时 强调："很明显，底线已经划清，我们的忍耐已到极限。如果特朗普的关税政策实施，那么我们讨论的就不是是否采取方案，而是应该采取哪些方案。" 然而，欧盟内部在如何 ...

1. Report Industry Investment Rating - No information about the industry investment rating is provided in the report. 2. Core Views of the Report - The prices of various energy and chemical products are expected to fluctuate in a range. For example, crude oil, fuel oil, asphalt, polyester, rubber, methanol, polyolefins, and PVC are all forecasted to show an oscillatory trend [1][2][4]. - Geopolitical factors such as the situation in Iran, the confrontation over Greenland, and the US Supreme Court's decision on tariffs are significant drivers of price fluctuations in the energy and chemical markets [1]. - The supply and demand dynamics of each product also play a crucial role in price movements. For instance, the supply of low - sulfur fuel oil is sufficient, while the demand for asphalt is weak in the short term [2]. 3. Summary by Relevant Catalogs 3.1 Research Views - **Crude Oil**: On Monday, Brent March contract closed down $0.19 to $63.94 per barrel, a 0.30% decline. SC2603 closed at 440.3 yuan/barrel, down 2.3 yuan/barrel, a 0.52% decline. The end of the unrest in Iran reduces the risk of supply disruptions. Market attention has shifted to the Greenland issue, and the US Supreme Court's upcoming decision on tariffs also adds uncertainty. In 2025, China's industrial crude oil production was 216.05 million tons, a 1.5% year - on - year increase, and the processing volume was 737.59 million tons, a 4.1% year - on - year increase. Currently, the market demand is divided, and the prices are expected to oscillate [1]. - **Fuel Oil**: On Monday, the main fuel oil contracts on the SHFE showed slight increases. The supply of low - sulfur fuel oil is sufficient, but the demand has some support. The high - sulfur fuel oil market structure has strengthened slightly, but the inflow of Venezuelan resources may be negative. The prices of FU and LU are likely to follow the trend of crude oil, with FU having higher volatility [2]. - **Asphalt**: On Monday, the main asphalt contract on the SHFE closed up 0.29% at 3142 yuan/ton. Concerns about raw materials have eased slightly. The price is mainly driven by the impact of the Iranian situation on crude oil. The demand will further shrink due to bad weather, and the market is in a game between "weak demand reality" and "strong cost expectation" [2]. - **Polyester**: TA605 closed up 0.24% at 5030 yuan/ton, while EG2605 closed down 1.08% at 3755 yuan/ton. PX prices have some support due to supply contractions. The polyester and terminal industries are expected to reduce their production loads. TA prices are expected to follow raw material prices, and EG prices are expected to oscillate at a low level [4]. - **Rubber**: On Monday, the main rubber contracts on the SHFE declined. In 2025, China's rubber tire exports increased in both volume and value. The inventory in Qingdao has increased seasonally, and the prices are expected to oscillate widely in the short term [4][6]. - **Methanol**: The supply is at a high - level oscillation, and the overseas supply from Iran remains low. The demand has weakened due to the shutdown of some MTO plants. The port de - stocking is still under pressure, and the prices are expected to oscillate at the bottom [6]. - **Polyolefins**: The production margins of various polyolefin production methods are mostly negative. The supply will decrease slightly in January, and the demand will decline as the Spring Festival approaches. The prices are expected to oscillate at the bottom [6][8]. - **Polyvinyl Chloride (PVC)**: The market prices in East, North, and South China have adjusted. The supply is at a high - level oscillation, and the domestic demand is slowing down. The 05 contract has a large premium, and the prices are expected to oscillate at the bottom [8]. 3.2 Daily Data Monitoring - The report provides the basis data of various energy and chemical products, including spot prices, futures prices, basis, basis rates, and their changes on January 19th and January 16th, as well as the historical quantiles of the latest basis rates [9]. 3.3 Market News - The end of the unrest in Iran reduces the risk of supply disruptions. The market is concerned about the confrontation over Greenland, where the US may impose tariffs on EU countries, and the EU is prepared to retaliate [11]. - The US Supreme Court may rule on tariffs in the coming weeks, which is a major test of the president's power [11]. 3.4 Chart Analysis - **4.1 Main Contract Prices**: The report presents the closing price charts of main contracts for various energy and chemical products from 2022 to 2026, including crude oil, fuel oil, low - sulfur fuel oil, asphalt, LPG, PTA, ethylene glycol, short - fiber, LLDPE, polypropylene, PVC, methanol, styrene, 20 - number rubber, natural rubber, synthetic rubber, European line container shipping, and p - xylene [13][15][17][19][21][23][25][27]. - **4.2 Main Contract Basis**: The basis charts of main contracts for various products are provided, such as crude oil, fuel oil, low - sulfur fuel oil, asphalt, ethylene glycol, PP, LLDPE, natural rubber, 20 - number rubber, p - xylene, synthetic rubber, and bottle chips [31][33][37][38][41][43]. - **4.3 Inter - period Contract Spreads**: The report shows the spread charts between different contracts for various products, including fuel oil, asphalt, European line container shipping index, PTA, ethylene glycol, PP, LLDPE, and natural rubber [44][46][49][52][54][56][58]. - **4.4 Inter - variety Spreads**: The spread and ratio charts between different varieties are presented, such as crude oil internal and external markets, crude oil B - W spread, fuel oil high - low sulfur spread, fuel oil/asphalt ratio, BU/SC ratio, ethylene glycol - PTA spread, PP - LLDPE spread, and natural rubber - 20 - number rubber spread [60][64][65][66]. - **4.5 Production Profits**: The production profit and processing fee charts for various products are provided, including LLDPE, PP, PTA, and ethylene - based ethylene glycol cash flow [68][70].

Group 1 - The core viewpoint of the article is that President Trump announced a 200% tariff on French wine and champagne [1] - The announcement has led to a significant increase in international gold prices, with spot gold briefly surpassing $4,700 per ounce [1]

特朗普称将对法国葡萄酒和香槟征收200%关税。 市场方面，国际金价盘中大幅拉升，现货黄金一度突破4700美元/盎司。 据新华社援引路透社20日报道，美国总统特朗普称将对法国葡萄酒和香槟征收200%的关税。 ...

格隆汇1月20日｜德国智库基尔世界经济研究所发布报告称，美国总统特朗普对进口商品加征的关税， 关税负担中只有约4%由外国企业承担；其余96%"几乎完全"被转嫁给美国买家，它们支付关税，随后 要么自行消化，要么提高售价。制造商和零售商随后也面临抉择：是将更高成本继续向下游转嫁，还是 接受利润率的收紧。 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不 对所包含内容的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担 全部责任。邮箱：news_center@staff.hexun.com 特朗普政府一直主张，关税由贸易伙伴承担。研究人员则指出，这一说法一直是该政策正当性的核心， 即关税被描绘成一种工具，既能迫使贸易伙伴作出让步，又能为美国政府创收—— 且不会让美国家庭 付出成本。然而，该智库的研究则显示事实完全相反，关税运作的方式并非对外国生产者征税，而是对 美国民众征收的一种消费税。 ...

Core Viewpoint - Trump's ambitious foreign policy aimed at showcasing his political aspirations is facing significant domestic challenges, leading to a precarious political situation as his approval ratings plummet and internal party dissent grows [1][5][16]. Group 1: Approval Ratings and Public Sentiment - Trump's approval ratings have stagnated at a low point, with nearly half of voters opposing his actions regarding Venezuela, and support from independent voters dwindling to less than 30% [1][3]. - The disconnect between public desire for stability and Trump's aggressive foreign policy has created a significant gap, complicating his governance and electoral prospects [3][8]. Group 2: Internal Party Dynamics - A growing bipartisan discontent is evident, with 17 Republican lawmakers opposing Trump’s policies, including support for extending ObamaCare subsidies, which undermines his political ideology [6]. - The Senate's passage of a resolution limiting Trump's military intervention in Venezuela, supported by five Republican senators, highlights the increasing fractures within the party [6][8]. Group 3: Economic Challenges - Trump's tariff policies are under scrutiny, with the Supreme Court set to rule on their legality, potentially requiring him to refund up to $130 billion in tariffs, which poses a significant threat to his economic strategy [10]. - Historical precedents indicate that similar tariff strategies have led to financial adjustments under pressure, suggesting that Trump may not have learned from past mistakes [10][12]. Group 4: Social Unrest and Policy Backlash - Domestic dissatisfaction has escalated into widespread protests, particularly against Trump's immigration policies, reflecting a broader societal discontent reminiscent of the civil rights movements of the 1960s [14][16]. - The accumulation of public anger and political disillusionment is manifesting in calls for Trump's resignation, indicating a severe erosion of support [14][16]. Group 5: Overall Political Landscape - Trump's attempts to divert attention from domestic issues through foreign adventures have backfired, leading to a cycle of increasing political and social turmoil [8][12]. - The combination of low approval ratings, internal party dissent, economic instability, and social unrest signals a potential shift in the political landscape, with uncertainty looming over the future of Trump's administration [16].

Report Industry Investment Ratings - **Macro Finance**: Long - term bullish on stock indices, suggesting buying on dips; government bonds expected to trade sideways [1][5][6] - **Black Building Materials**: Short - term trading for coking coal; range trading for rebar; selling on rallies for glass [1][8][9] - **Non - ferrous Metals**: Exiting long positions on copper on rallies; strengthening observation on aluminum; observing nickel; range trading or taking profit on previous long positions for tin; range trading for gold; bullish sideways for silver; range - bound for lithium carbonate [1][11][13][17][19] - **Energy and Chemicals**: Buying on dips for PVC; temporary observation for caustic soda and soda ash; range trading for styrene, rubber, urea, and methanol; bearish sideways for polyolefins [1][20][22][23][28][30] - **Cotton and Textile Industry Chain**: Sideways adjustment for cotton and cotton yarn; bearish sideways for apples and jujubes [1][30][31][32] - **Agriculture and Animal Husbandry**: Short - term selling on rallies for near - term hog contracts, cautiously bullish on far - term contracts; hedging post - holiday 02 and 03 egg contracts on rallies; short - term cautious about chasing high for corn, hedging on rallies for grain holders; bullish on near - term soybean meal contracts, bearish on far - term contracts; bearish sideways for fats and oils [1][33][37][39][41] Core Views - Global geopolitical events, such as Trump's tariff policies and military threat to Iran, along with changes in Fed chairmanship expectations, impact market sentiment and asset prices [5][12][13][17][19] - Central bank policies, like interest rate adjustments, influence the performance of stocks, bonds, and other financial products [5][6] - Supply and demand fundamentals, including production, inventory, and consumption, are the main factors determining the price trends of various commodities [8][9][11][12][14][15][17][19][22][23][26][27][35][36][38][39][40][41][43][44][46] Summary by Directory Macro Finance - **Stock Indices**: Affected by geopolitical events and central bank policies, expected to trade sideways in the short - term and be bullish in the long - term, suggesting buying on dips [5] - **Government Bonds**: After the central bank's interest rate adjustment, the bond market shows a deep "V" trend, expected to trade sideways [6] Black Building Materials - **Coking Coal**: Due to weak demand and high inventory, prices are under pressure, suggesting short - term trading [8] - **Rebar**: With neutral valuation and short - term balanced supply and demand, it is expected to trade sideways in the short - term, with range trading as the main strategy [8] - **Glass**: With weak demand and increasing mid - stream inventory, it is expected to trade bearishly sideways, suggesting selling on rallies [9] Non - ferrous Metals - **Copper**: Affected by geopolitical events and supply - demand expectations, it is expected to trade sideways at a high level, suggesting exiting long positions on rallies [11][12][13] - **Aluminum**: With stable supply and weakening demand, it is expected to trade sideways at a high level, suggesting strengthening observation [14] - **Nickel**: Affected by Indonesian policies and supply - demand fundamentals, it is expected to trade sideways, suggesting observation [15] - **Tin**: With tight supply and stable demand, it is expected to trade sideways, suggesting range trading or taking profit on previous long positions [16][17] - **Silver and Gold**: Affected by geopolitical events and Fed policies, they are expected to trade sideways with a bullish bias, suggesting holding long positions for silver and range trading for gold [17][19] - **Lithium Carbonate**: With supply - demand balance and cost factors, it is expected to trade range - bound [19] Energy and Chemicals - **PVC**: With low valuation and potential policy support, the bottom may have been reached, suggesting buying on dips [20][22] - **Caustic Soda**: With weak demand and high supply, it is expected to trade sideways at a low level, suggesting temporary observation [23] - **Soda Ash**: With supply - demand imbalance and cost support, it is suggested to temporarily exit and observe [30] - **Styrene, Rubber, Urea, and Methanol**: All expected to trade sideways, with range trading as the main strategy [22][24][26][27] - **Polyolefins**: With weakening demand and cost support, they are expected to trade bearishly sideways [28] Cotton and Textile Industry Chain - **Cotton and Cotton Yarn**: After a long - term uptrend, they are expected to adjust sideways in the short - term, with a bullish long - term outlook [30] - **Apples and Jujubes**: With slow sales in the market, they are expected to trade bearishly sideways [31][32] Agriculture and Animal Husbandry - **Hogs**: With high supply pressure in the short - term and potential capacity reduction in the long - term, short - term selling on rallies for near - term contracts and cautious bullishness on far - term contracts are suggested [33][36] - **Eggs**: With high valuation in the short - term and potential supply reduction in the long - term, hedging post - holiday contracts on rallies is suggested [37][39] - **Corn**: With balanced short - term supply and demand and a looser long - term supply - demand pattern, short - term caution about chasing high and hedging on rallies for grain holders are suggested [39][40] - **Soybean Meal**: With a bearish long - term outlook and a relatively tight near - term supply - demand situation, different trading strategies for near - term and far - term contracts are suggested [41] - **Fats and Oils**: Expected to open lower and trade bearishly sideways, suggesting observing the narrowing spread strategies for rapeseed - palm and rapeseed - soybean 05 contracts [41][47]

Report Industry Investment Ratings - Gold: Neutral [2] - Silver: Neutral [2] - Copper: Neutral [2] - Zinc: Neutral [2] - Lead: Neutral [2] - Tin: Neutral [2] - Aluminum: Bullish [2] - Alumina: Bearish [2] - Cast Aluminum Alloy: Bullish [2] - Platinum: Neutral [2] - Palladium: Neutral [2] - Nickel: Neutral [2] - Stainless Steel: Neutral [2] - Lithium Carbonate: Neutral [2] - Industrial Silicon: Neutral [2] - Polysilicon: Bullish [2] - Iron Ore: Bearish [2] - Rebar: Bearish [2] - Hot - Rolled Coil: Bearish [2] - Ferrosilicon: Neutral [2] - Silicomanganese: Neutral [2] - Coke: Neutral [2] - Coking Coal: Neutral [2] - Steam Coal: Bearish [2] - Logs: Bearish [2] - Paraxylene: Bearish [2] - PTA: Bearish [2] - MEG: Neutral [2] - Rubber: Bearish [2] - Synthetic Rubber: Neutral [2] - LLDPE: Bearish [2] - PP: Bearish [2] - Caustic Soda: Bearish [2] - Pulp: Bearish [2] - Glass: Bearish [2] - Methanol: Neutral [2] - Urea: Neutral [2] - Styrene: Neutral [2] - Soda Ash: Bearish [2] - LPG: Neutral [2] - Propylene: Neutral [2] - PVC: Bearish [2] - Fuel Oil: Neutral [2] - Low - Sulfur Fuel Oil: Neutral [2] - Container Freight Index (European Line): Neutral [2] - Staple Fiber: Neutral [2] - Bottle Chip: Neutral [2] - Offset Printing Paper: Bearish [2] - Pure Benzene: Neutral [2] - Palm Oil: Neutral [2] - Soybean Oil: Neutral [2] - Soybean Meal: Neutral [2] - Soybean: Neutral [2] - Corn: Neutral [2] - Sugar: Bearish [2] - Cotton: Bullish [2] - Eggs: Neutral [2] - Hogs: Bearish [2] - Peanuts: Neutral [2] Report's Core View The report provides a comprehensive analysis of various commodities in the futures market. It assesses the current situation of each commodity based on factors such as supply - demand, inventory, and macro - economic news, and gives corresponding investment ratings and trend intensities. For example, for gold, the rising risk - aversion sentiment is noted; for copper, the strengthening of LME spot and firm price are emphasized; for zinc, it is expected to trade in a range. Each commodity's analysis takes into account its unique fundamentals and market news [2]. Summary by Relevant Catalogs Precious Metals - **Gold**: The risk - aversion sentiment has rebounded. The prices of domestic and international gold futures and spot have fluctuated. The trading volume and open interest of some contracts have decreased. ETF holdings have slightly changed, and inventories have different trends. Macro - economic news such as China's economic data and geopolitical issues may affect the price [6]. - **Silver**: The price is affected by tariff expectation fluctuations. Similar to gold, there are changes in trading volume, open interest, and inventories. The price of silver futures and spot shows certain volatility [6]. Base Metals - **Copper**: LME spot has strengthened, and the price remains firm. The trading volume of domestic and international copper futures has decreased, and the open interest has changed slightly. The inventory of LME copper has increased, while that of SHFE copper has decreased. The premium of LME copper has increased. Macro - economic news and industry - related events such as Chile's copper mine plan and power grid investment may impact the price [10]. - **Zinc**: It is expected to trade in a range. The prices of domestic and international zinc futures have declined, and the trading volume has decreased significantly. The inventory of LME zinc has decreased, and the premium has changed. China's economic data and EU - US trade issues are the influencing factors [13]. - **Lead**: The decrease in overseas inventory supports the price. The prices of domestic and international lead futures have declined, and the trading volume has decreased. The inventory of LME lead has decreased significantly [16]. - **Tin**: It is expected to trade in a range. The price of domestic tin futures has decreased, and the trading volume has decreased. The inventory of SHFE tin has decreased, and the price of spot tin has declined [20]. - **Aluminum**: It is expected to be oscillating strongly. The price of domestic aluminum futures has increased, and the trading volume has decreased. The inventory of LME aluminum has decreased. The cost of electrolytic aluminum production and the price of alumina are important factors [24]. - **Alumina**: It is expected to continue to decline. The price of domestic alumina futures has decreased, and the trading volume has decreased. The average price of domestic alumina has declined [24]. - **Cast Aluminum Alloy**: It follows the trend of electrolytic aluminum [24]. - **Platinum**: It is expected to trade in a box - shaped range. The price of platinum futures has increased, and the trading volume has decreased. ETF holdings have decreased slightly [28]. - **Palladium**: It follows the range - bound trend. The price of palladium futures has increased, and the trading volume has decreased. ETF holdings have decreased slightly [28]. - **Nickel**: The repeated statements from Indonesia have disturbed market sentiment, and the nickel price is expected to have wide - range fluctuations. The price of domestic nickel futures has increased, and the trading volume has decreased. Indonesia's policies on nickel mining and production are the key influencing factors [32]. - **Stainless Steel**: The price is supported by the contradiction in the ore end and the increase in nickel - iron prices. The price of domestic stainless - steel futures has increased, and the trading volume has decreased [32]. Energy and Chemicals - **Lithium Carbonate**: The downstream procurement has cooled down, and the price is expected to oscillate at a high level. The price of lithium carbonate futures has increased, and the trading volume has decreased. The price of battery - grade lithium carbonate has declined [37]. - **Industrial Silicon**: The upstream production cuts have disturbed the market, and the price of the futures has rebounded. The price of industrial silicon futures has increased, and the trading volume has increased. The inventory of industrial silicon has changed slightly [40]. - **Polysilicon**: Attention should be paid to the impact of market news. The price of polysilicon futures has increased, and the trading volume has decreased. The price of polysilicon has increased [40]. - **Iron Ore**: It is expected to have a weak oscillation. The price of iron ore futures has declined, and the trading volume has decreased. The price of imported iron ore has declined [43]. - **Rebar**: Affected by emergencies, the raw materials have dragged down the finished products. The price of rebar futures has declined, and the trading volume has decreased. The price of spot rebar has declined [46]. - **Hot - Rolled Coil**: Similar to rebar, affected by emergencies and raw - material drag. The price of hot - rolled coil futures has declined, and the trading volume has decreased. The price of spot hot - rolled coil has declined [46]. - **Ferrosilicon**: The demand - side expectation is tightening, and it is expected to have wide - range fluctuations. The price of ferrosilicon futures has declined, and the trading volume has decreased. The price of spot ferrosilicon has declined [50]. - **Silicomanganese**: Similar to ferrosilicon, with tightening demand - side expectation and wide - range fluctuations. The price of silicomanganese futures has declined, and the trading volume has decreased. The price of spot silicomanganese has declined [50]. - **Coke**: Affected by downstream accidents, it is expected to oscillate at a high level. The price of coke futures has increased slightly, and the trading volume has decreased. The price of spot coke has remained stable [54]. - **Coking Coal**: It is expected to oscillate at a high level. The price of coking coal futures has increased slightly, and the trading volume has decreased. The price of spot coking coal has remained stable [54]. - **Steam Coal**: The market sentiment is weak, and the price is expected to have a weak adjustment. The price of steam coal in various regions has declined [58]. - **Logs**: It is expected to have a weak oscillation. The price of log futures has declined, and the trading volume has increased. The price of spot logs has remained stable [60]. - **Paraxylene**: The cost is weak, and it is expected to be in a short - term oscillation market. The price of paraxylene futures has increased slightly, and the trading volume has decreased. The price of spot paraxylene has remained stable [64]. - **PTA**: Attention should be paid to reducing the processing fee. The price of PTA futures has increased slightly, and the trading volume has decreased. The price of spot PTA has increased [64]. - **MEG**: The downward space of valuation is limited. The price of MEG futures has declined, and the trading volume has decreased. The inventory of MEG in ports has decreased slightly [64]. - **Rubber**: It is expected to be weakly oscillating. The price of rubber futures has declined, and the trading volume has decreased. The price of spot rubber has declined [72]. - **Synthetic Rubber**: It is expected to be in a short - term weak operation. The price of synthetic rubber futures has declined, and the trading volume has decreased. The price of spot synthetic rubber has declined [76]. - **LLDPE**: The production of standard products has increased, and the spot trading has weakened. The price of LLDPE futures has declined, and the trading volume has decreased. The price of spot LLDPE has remained stable [79]. - **PP**: The monomer prices continue to diverge, and the cost support is relatively strong. The price of PP futures has declined, and the trading volume has decreased. The price of spot PP has declined [81]. - **Caustic Soda**: The downward trend still has pressure. The price of caustic soda futures has declined, and the price of spot caustic soda has declined [84]. - **Pulp**: It is expected to be weakly oscillating. The price of pulp futures has remained stable, and the trading volume has decreased. The price of spot pulp has remained stable [89]. - **Glass**: The price of the original sheet is stable. The price of glass futures has declined, and the trading volume has increased. The price of spot glass has remained stable [94]. - **Methanol**: It is expected to oscillate. The price of methanol futures has declined, and the trading volume has decreased. The price of spot methanol has declined [97]. - **Urea**: It is expected to oscillate and consolidate. The price of urea futures has declined, and the trading volume has decreased. The price of spot urea has remained stable [102]. - **Styrene**: It is expected to be in a short - term oscillation. The price of styrene futures has increased, and the trading volume has decreased. The price of spot styrene has increased [106]. - **Soda Ash**: The spot market has little change. The price of soda ash futures has declined, and the trading volume has decreased. The price of spot soda ash has remained stable [108]. - **LPG**: The downward driving force is gradually being realized. The price of LPG futures has declined, and the trading volume has decreased. The price of spot LPG has changed [113]. - **Propylene**: After the rapid increase in the spot price, the upward driving force has weakened. The price of propylene futures has declined, and the trading volume has decreased. The price of spot propylene has remained stable [113]. - **PVC**: It is expected to be weakly oscillating. The price of PVC futures has declined, and the trading volume has decreased. The price of spot PVC has remained stable [120]. - **Fuel Oil**: It is expected to have a narrow - range oscillation, and the short - term fluctuation will decrease. The price of fuel oil futures has remained stable, and the trading volume has decreased. The price of spot fuel oil has increased slightly [123]. - **Low - Sulfur Fuel Oil**: The night - session price has adjusted, and the price difference between high - and low - sulfur spot in the overseas market is temporarily stable. The price of low - sulfur fuel oil futures has increased, and the trading volume has decreased. The price of spot low - sulfur fuel oil has increased slightly [123]. Agricultural Products - **Container Freight Index (European Line)**: It is expected to be in a temporary oscillation market. The price of the index futures has declined, and the trading volume has decreased. The shipping capacity, geopolitical situation, and demand factors are the key influencing factors [125]. - **Staple Fiber**: It is expected to be in a short - term oscillation market, and the processing fee is at a low level. The price of staple - fiber futures has declined, and the trading volume has decreased. The price of spot staple fiber has declined [142]. - **Bottle Chip**: It is expected to be in a short - term oscillation market. The price of bottle - chip futures has increased slightly, and the trading volume has decreased. The price of spot bottle chip has declined [142]. - **Offset Printing Paper**: It is recommended to close short positions opportunistically. The price of offset - printing - paper futures has declined, and the trading volume has decreased. The price of spot offset printing paper has remained stable [145]. - **Pure Benzene**: It is expected to be mainly in a short - term oscillation. The price of pure - benzene futures has increased, and the trading volume has decreased. The price of spot pure benzene has increased [150]. - **Palm Oil**: The short - term negative factors are limited, and attention should be paid to the implementation rhythm of production cuts. The price of palm - oil futures has declined, and the trading volume has decreased. The price of spot palm oil has remained stable [153]. - **Soybean Oil**: The themes of US soybeans are insufficient, and the rebound height is limited. The price of soybean - oil futures has declined, and the trading volume has decreased. The price of spot soybean oil has increased slightly [153]. - **Soybean Meal**: Due to the closure of the US soybean market overnight, the domestic soybean - meal futures followed the rapeseed - meal futures to correct. The price of soybean - meal futures has declined, and the trading volume has decreased. The price of spot soybean meal has declined [159]. - **Soybean**: The spot price is stable, and the futures price is oscillating and adjusting. The price of soybean futures has declined, and the trading volume has decreased. The price of spot soybean has remained stable [159]. - **Corn**: The price has corrected. The price of corn futures has declined, and the trading volume has decreased. The price of spot corn has declined [162]. - **Sugar**: It is expected to be sorted at a low level. The price of sugar futures has declined, and the trading volume has decreased. The price of spot sugar has declined [165]. - **Cotton**: It is waiting for the end of the adjustment. The price of cotton futures has declined, and the trading volume has decreased. The price of spot cotton has declined [171]. - **Eggs**: The sentiment of the far - month contracts has weakened. The price of egg futures has declined, and the trading volume has changed. The price of spot eggs has increased [178]. - **Hogs**: The spot price has weakened, and the expectation of the peak season has decreased. The price of hog futures has declined, and the trading volume has increased. The price of spot hogs has declined [181]. - **Peanuts**: It is expected to oscillate. The price of peanut futures has increased, and the trading volume has increased. The price of spot peanuts has remained stable [185].