Market Overview - On July 23, the domestic futures market for non-ferrous metals showed mixed results, with polysilicon futures rising nearly 9% [1] - As of the latest data, polysilicon futures increased by 8.76% to 51,630.00 CNY/ton, while lithium carbonate futures fell by 3.57% to 69,740.00 CNY/ton [1] Price Movements - The main contracts for various non-ferrous metals on July 23 are as follows: - Aluminum oxide: 3,341.00 CNY/ton, down 3.22% - Industrial silicon: 9,585.00 CNY/ton, up 1.21% - Polysilicon: 51,630.00 CNY/ton, up 8.76% - Lithium carbonate: 69,740.00 CNY/ton, down 3.57% [2] Warehouse Data - As of July 22, warehouse receipts for non-ferrous metals showed the following changes: - Copper: 25,507 tons, down 2,670 tons - Aluminum: 60,884 tons, down 2,860 tons - Zinc: 12,090 tons, up 1,002 tons - Tin: 6,791 tons, down 18 tons - Lead: 60,059 tons, unchanged - Nickel: 22,093 tons, down 18 tons [3] Basis and Spot Prices - The basis and spot prices for selected metals indicate the following: - Copper: Spot price 79,766.7 CNY, futures price 79,650 CNY, basis 116 CNY - Zinc: Spot price 22,770 CNY, futures price 22,860 CNY, basis -90 CNY - Aluminum: Spot price 20,950 CNY, futures price 20,860 CNY, basis 90 CNY - Nickel: Spot price 123,783 CNY, futures price 123,440 CNY, basis 343 CNY [4][5]

Group 1 - The core viewpoint of the news highlights the performance of various non-ferrous metal futures, with polysilicon leading the gains at nearly 6% increase [1] - As of July 22, polysilicon futures rose by 5.78% to 47,660.00 yuan/ton, while industrial silicon increased by 4.45% to 9,515.00 yuan/ton, and alumina by 3.83% to 3,439.00 yuan/ton [1] - In contrast, lead futures experienced a slight decline of 0.44%, settling at 16,860.00 yuan/ton [1] Group 2 - The opening prices for various non-ferrous metal futures on July 22 included alumina at 3,388.00 yuan, lithium carbonate at 71,900.00 yuan, and copper at 79,720.00 yuan [2] - The previous closing prices for these contracts were 3,386.00 yuan for alumina, 71,280.00 yuan for lithium carbonate, and 79,770.00 yuan for copper, indicating slight fluctuations [2] - The futures market showed a mixed trend, with some metals like nickel and tin showing higher prices compared to their previous closing values [2] Group 3 - As of July 21, copper futures warehouse receipts decreased by 10,062 tons to 28,177 tons, while aluminum receipts fell by 2,804 tons to 63,744 tons [3] - Zinc and tin futures warehouse receipts also saw minor reductions, while nickel receipts increased by 551 tons to 22,111 tons [3] - The data indicates a phenomenon of "backwardation" for copper, zinc, nickel, tin, and industrial silicon, where spot prices exceed futures prices [3][4]

Group 1 - The core viewpoint of the news highlights the mixed performance of black metal futures, with iron ore prices rising while other metals like manganese silicon and silicon iron are declining [1][2] - As of July 16, iron ore futures increased by 1.37% to 775.50 CNY/ton, while manganese silicon and silicon iron decreased by 0.45% and 0.47%, respectively [1] - The futures prices for various black metals on July 16 show that rebar opened at 3115.00 CNY, while iron ore opened at 767.00 CNY [2] Group 2 - On July 15, the warehouse receipts for rebar increased by 8179 tons compared to the previous trading day, while the receipts for iron ore remained unchanged [3] - The data indicates a phenomenon of "backwardation" in rebar, hot-rolled coil, and stainless steel contracts, where spot prices exceed futures prices [3] - The basis data shows that the basis for rebar is 52 CNY, indicating a basis rate of 1.64%, while the basis for silicon iron is -299 CNY, reflecting a basis rate of -5.75% [4]

Core Viewpoint - The domestic futures market for oil-related products experienced a decline, with liquefied petroleum gas and crude oil dropping over 1% on July 16, 2023 [1]. Group 1: Price Movements - As of July 16, liquefied petroleum gas futures fell by 1.37% to 4103.00 CNY/ton, while crude oil futures decreased by 1.28% to 515.50 CNY/barrel [1]. - Fuel oil futures saw a slight increase of 0.28%, reaching 2875.00 CNY/ton, whereas asphalt futures dropped by 0.22% to 3623.00 CNY/ton [1]. - The opening and closing prices for various contracts on July 16 were reported, with SC crude oil opening at 520.20 CNY and closing at 522.20 CNY [2]. Group 2: Inventory Data - As of July 15, the inventory data showed that the number of medium-sulfur crude oil futures contracts remained stable at 4,517,000 barrels, with no change from the previous trading day [3]. - Fuel oil futures inventory was reported at 91,640 tons, and asphalt futures inventory was stable at 39,350 tons in factory warehouses and 42,950 tons in storage [3]. - Liquefied petroleum gas futures inventory stood at 8,304 contracts, while low-sulfur fuel oil inventory was at 90 tons, both unchanged from the previous day [3]. Group 3: Basis Data - The basis data indicated a phenomenon of "backwardation" for fuel oil, asphalt, liquefied petroleum gas, and low-sulfur fuel oil, where spot prices exceeded futures prices [3]. - The basis and basis rates for various commodities were detailed, with fuel oil showing a basis of 2,520 CNY and a basis rate of 46.77% [3].

Group 1 - The domestic futures market for agricultural products showed mixed results, with the main pig futures down nearly 2% [1] - As of July 16, the main pig futures decreased by 1.65%, priced at 14,045.00 yuan/ton, while apple futures increased by 0.23% to 7,864.00 yuan/ton [1] - Egg futures fell by 0.39%, priced at 3,597.00 yuan per 500 kg, while red date futures rose by 0.15% to 10,305.00 yuan/ton [1] Group 2 - On July 15, the commodity warehouse receipt report indicated that there were 0 apple futures warehouse receipts, unchanged from the previous trading day, and 10,570 red date futures receipts, a decrease of 31 from the previous day [3] - The egg futures receipts decreased by 24 to 0, while pig futures receipts remained steady at 444 [3] - The basis data showed that apple and pig contracts experienced a "backwardation" phenomenon, where spot prices exceeded futures prices [3] Group 3 - The basis and basis rate for various commodities were reported, with apples having a basis of 1,038 and a basis rate of 11.66%, while red dates had a basis of -560 and a basis rate of -5.76% [4] - Eggs showed a basis of -736 with a basis rate of -25.60%, and pigs had a basis of 390 with a basis rate of 2.66% [4]

Core Insights - The black metal futures market in China experienced a decline on July 15, with the main wire rod contract dropping over 2% [1] - The main wire rod contract fell by 2.05% to 3351.00 CNY/ton, while rebar and hot-rolled coil contracts also saw decreases [1][2] Price Movements - Rebar main contract decreased by 0.61% to 3112.00 CNY/ton - Hot-rolled coil main contract decreased by 0.43% to 3255.00 CNY/ton - Silicon iron main contract saw a slight increase of 0.11% to 5482.00 CNY/ton [1][2] Warehouse Inventory Data - Rebar warehouse futures inventory increased by 14567 tons to 69192 tons compared to the previous trading day [3] - Silicon iron futures inventory rose by 800 contracts to 22131 contracts, while manganese silicon futures inventory decreased by 261 contracts to 85176 contracts [3] Basis and Spot Prices - The basis for rebar showed a positive value of 49 CNY with a basis rate of 1.54%, indicating a situation where spot prices are higher than futures prices [4] - Wire rod had a negative basis of -76 CNY with a basis rate of -2.27%, suggesting a weaker spot price compared to futures [4]

Core Viewpoint - The domestic oilseed market shows mixed performance with canola seed futures declining while other oil products like canola meal and palm oil are experiencing price increases [1] Price Movements - As of July 3, 2023, the main canola seed futures dropped by 2.31% to 5037.00 CNY/ton, while canola meal futures rose by 0.74% to 2596.00 CNY/ton and canola oil futures increased by 0.89% to 9628.00 CNY/ton [1] - Palm oil futures also saw an increase of 1.12%, reaching 8470.00 CNY/ton [1] - The opening and closing prices for various oilseed futures on July 3, 2023, are detailed, showing fluctuations in prices across different contracts [2] Warehouse Receipt Data - As of July 2, 2023, the warehouse receipts for soybean oil increased by 2115 contracts to 22697 contracts, while palm oil receipts remained unchanged at 470 contracts [3] - Canola meal receipts decreased by 380 contracts to 20149 contracts, and soybean meal receipts remained stable at 40300 contracts [3] - The report indicates a phenomenon of "backwardation" in several contracts, where spot prices exceed futures prices for canola meal, palm oil, and soybean oil [3]

Group 1 - The black metal futures market in China showed a positive trend on July 2, with significant price increases across various contracts, including silicon iron rising nearly 2% [1] - As of July 2, the main contracts reported the following prices: silicon iron at 5346.00 CNY/ton, rebar at 3030.00 CNY/ton, hot-rolled coil at 3156.00 CNY/ton, and ferrosilicon at 5678.00 CNY/ton [1][2] - The opening and closing prices for rebar were 3003.00 CNY and 2987.00 CNY respectively, indicating a slight increase [2] Group 2 - On July 1, the inventory data for black metal futures indicated an increase in rebar warehouse receipts by 6393 tons, while stainless steel receipts decreased by 184 tons [3] - The futures market showed a phenomenon of "backwardation" for rebar, hot-rolled coil, stainless steel, and iron ore, where spot prices exceeded futures prices [3] - The basis data revealed that rebar had a basis of 82 CNY with a basis rate of 2.67%, while silicon iron had a negative basis of -99 CNY with a basis rate of -1.92% [4]

Group 1 - The core viewpoint indicates that on June 30, the domestic futures market for crude oil saw an overall increase, with the main crude oil futures rising by over 1% [1] - As of the latest data, the main crude oil futures price decreased by 1.21% to 496.10 yuan per barrel, while other related products such as fuel oil, low-sulfur fuel oil, and liquefied petroleum gas also experienced slight declines [1][2] - The opening prices for various contracts on June 30 were as follows: SC crude oil at 498.60 yuan, fuel oil at 2997.00 yuan, asphalt at 3561.00 yuan, liquefied petroleum gas at 4254.00 yuan, and low-sulfur fuel oil at 3603.00 yuan [2] Group 2 - As of June 27, commodity warehouse receipts showed that the inventory for medium-sulfur crude oil futures was 5,911,000 barrels, remaining stable compared to the previous trading day [3] - The data also indicated that there was a phenomenon of "backwardation" in the market, where the spot prices for fuel oil, asphalt, liquefied petroleum gas, and low-sulfur fuel oil were higher than their futures prices [3] - The basis data revealed the following: for fuel oil, the spot price was 5525 yuan, futures price was 3005 yuan, resulting in a basis of 2520 yuan and a basis rate of 45.61% [3]

Core Insights - The domestic futures market for oilseeds and oils experienced a significant upward trend on June 17, with major increases in prices for canola oil and palm oil, both rising over 1% [1] - As of the latest data, canola oil futures rose by 1.39% to 9571.00 CNY/ton, palm oil futures increased by 1.29% to 8466.00 CNY/ton, and soybean meal futures went up by 1.28% to 3078.00 CNY/ton, while peanut futures saw a slight decline of 0.48% to 8266.00 CNY/ton [1] Price Movements - The opening and closing prices for various oilseed contracts on June 17 were as follows: - Soybean oil: Opened at 8000.00 CNY, closed at 7960.00 CNY - Palm oil: Opened at 8480.00 CNY, closed at 8436.00 CNY - Canola oil: Opened at 9527.00 CNY, closed at 9505.00 CNY - Soybean meal: Opened at 3043.00 CNY, closed at 3045.00 CNY - Peanut: Opened at 8324.00 CNY, closed at 8296.00 CNY [2] Basis and Spot Prices - As of June 16, the basis data indicated that canola oil, palm oil, soybean one, and soybean oil contracts experienced a 'backwardation' situation, where spot prices exceeded futures prices [2] - The following basis and basis rates were reported: - Canola oil: Spot price 9656.67 CNY, futures price 9440 CNY, basis 216 CNY, basis rate 2.24% - Palm oil: Spot price 8804 CNY, futures price 8358 CNY, basis 446 CNY, basis rate 5.07% - Soybean oil: Spot price 8224 CNY, futures price 7926 CNY, basis 298 CNY, basis rate 3.62% [3]