国内商品期货收盘 鸡蛋跌超4% 智通财经8月4日电，国内商品期货收盘，互有涨跌。鸡蛋跌超4%，工业硅跌超3%，原油、液化气等跌 逾2%，PX、PTA等跌超1%，棕榈油、烧碱等小幅下跌；原木、焦煤涨超2%，沪金、沪银等涨超1%， 豆粕、苹果等小幅上涨。 ...

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 4 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：供应端，7 月底部分煤矿在完成生产目标后暂时停产，煤炭产量短期下滑，但进入 8 月 以后预计迅速恢复。另外，此前国家能源局综合司的煤矿超产整治暂未引起产地安监明显收紧， 主产区煤矿旺季肩负保供职责，产量平稳运行。需求端，国家气候中心发布 8 月气候趋势预测， 显示 8 月全国大部地区气温接近常年同期到偏高，今夏第三产业和居民生活用电将有一定支撑。 库存方面，截至 7 月 31 日，环渤海 9 港煤炭总库存 2484.7 万吨，周环比大幅 ...

夜盘商品期货集体走低，焦煤跌超5.6%，玻璃跌超4%，纯碱跌超2%。 ...

商品期货开盘，碳酸锂、焦煤、玻璃主力合约跌超4%，纯碱跌超3%，集运欧线、工业硅、锰硅、氧化 铝、硅铁、螺纹钢、BR橡胶跌超2%。原油、LU燃油涨超1%。 ...

人民财讯7月29日电，国内商品期货夜盘开盘多数上涨，截至发稿，螺纹钢涨1.48%，铁矿石涨0.69%， 焦煤涨超3%，玻璃涨0.42%，原油涨0.66%，纯碱涨1%；棉花跌近1%。 转自：证券时报 ...

Group 1 - The prices of soda ash and apples have dropped over 3% [1] - The prices of coking coal, No. 20 rubber, and BR rubber have decreased by more than 2% [1] - The prices of polysilicon and silicon iron have increased by over 3% [1] Group 2 - The prices of manganese silicon, LU fuel oil, caustic soda, industrial silicon, and hot-rolled steel have risen by more than 2% [1]

Core Viewpoint - The macro trading sentiment has cooled down, leading to profit-taking and a significant decline in commodity futures, with several key commodities hitting their daily limit down [1]. Group 1: Commodity Performance - Soda ash main contract 2509 hit the limit down, closing at 1316 CNY/ton, with a decline of 8.04% and an increase in open interest by over 46,600 contracts compared to the previous day [2]. - Glass main contract 2509 also hit the limit down, closing at 1223 CNY/ton, down by 9%, with a decrease in open interest of over 78,000 contracts and a net outflow of 955 million CNY [2]. - Lithium carbonate main contract 2509 closed at 73,120 CNY/ton, down by 7.98%, with a reduction in open interest of over 112,000 contracts and a net outflow of 2.374 billion CNY [2]. - Industrial silicon main contract 2509 closed at 8,915 CNY/ton, down by 8%, with a decrease in open interest of over 44,000 contracts and a net outflow of 656 million CNY [2]. - Coking coal main contract 2509 hit the limit down, closing at 1,100.5 CNY/ton, down by 11%, with a reduction in open interest of over 126,000 contracts and a net outflow of 2.666 billion CNY [3]. - Coking coal had previously experienced four consecutive trading days of limit up before this decline [3]. Group 2: Market Analysis and Outlook - The analysis from Zhonghui Futures indicates that the short-term capital situation is overly concentrated, leading to increased volatility in coking coal prices. The main focus for future trading will be on the support level around 950-960 CNY/ton [3]. - There is anticipation of a potential second upward trend in coking coal prices if upcoming domestic policy announcements exceed expectations; otherwise, prices are likely to revert to fundamental industry logic [3].

商品期货夜盘多品种大幅走低，氧化铝跌4.5%，焦煤、焦炭一度跌4%，玻璃跌3.7%，纯碱跌超3%。 ...

软商品日报 2025/07/25 咨询业务资格：沪证监许可【2012】1515号 研报作者：许亮 Z0002220 审核：唐韵 Z0002422 【免责声明 】 本报告基于本公司认为可靠的、已公开的信息编制，但本公司对该等信息的准确性及完整性不作任何保证。本报告所载的意见、结论及预测仅反映报告发布时的观点、结论和 建议。在不同时期，本公司可能会发出与本报告所载意见、评估及预测不一致的研究报告。本公司不保证本报告所含信息保持在最新状态。本公司对本报告所含信息可在不发出通知的情形 下做出修改， 交易者（您）应当自行关注相应的更新或修改。本公司力求报告内容客观、公正，但本报告所载的观点、结论和建议仅供参考，交易者（您）并不能依靠本报告以取代行使 独立判断。对交易者（您）依据或者使用本报告所造成的一切后果，本公司及作者均不承担任何法律责任。本报告版权仅为本公司所有。未经本公司书面许可，任何机构或个人不得以翻 版、复制、发表、引用或再次分发他人等任何形式侵犯本公司版权。如征得本公司同意进行引用、刊发的，需在允许的范围内使用，并注明出处为"东亚期货"，且不得对本报告进行任何有 悖原意的引用、删节和修改。本公司保留追究相关 ...

Core Viewpoint - The expectation of "anti-involution" policies in China is rising, leading to increased market activity and a surge in commodity futures, with several key contracts hitting their daily price limits [1] Group 1: Commodity Futures Performance - Coking coal main contract 2509 hit the daily limit, closing at 1259.0 CNY/ton, with a rise of 7.98% and an increase in open interest of over 55,000 contracts, attracting 1.419 billion CNY in inflows. The contract has seen a cumulative increase of over 42% this week [2] - Lithium carbonate main contract 2509 also hit the daily limit, closing at 80,520.0 CNY/ton, with a rise of 7.99% and an increase in open interest of over 54,000 contracts, with 1.211 billion CNY in inflows [2] - Glass main contract 2509 reached the daily limit, closing at 1,362.00 CNY/ton, with an increase of 8.01% and nearly 60,000 contracts added in open interest, resulting in 539 million CNY in inflows [2] - Manganese silicon main contract 2509 hit the daily limit, closing at 6,414.00 CNY/ton, with an increase of 8.02% and over 61,000 contracts added in open interest, attracting 491 million CNY in inflows [2] - Silicon iron main contract 2509 also reached the daily limit, closing at 6,166.00 CNY/ton, with an increase of 8.02% and over 43,000 contracts added in open interest, resulting in 269 million CNY in inflows [2] Group 2: Market Analysis and Expectations - Analysts from Zhonghui Futures noted that a recent meeting among leading manganese enterprises resulted in a preliminary consensus to reduce energy consumption and emissions by 40%. This unexpected news led to the price surges in silicon iron and manganese silicon [3] - The rapid increase in open interest indicates strong market participation, and if no other policy interventions occur, manganese silicon and silicon iron are expected to open higher next week, although short-term participants should be cautious of potential pullbacks [3]