据CCTV国际时讯，6月25日，美国总统特朗普在荷兰海牙出席北约峰会期间会晤乌克兰总统泽连斯 基。据泽连斯基在社交媒体发文说，双方就俄乌停火等问题进行讨论。但特朗普向媒体否认与泽连 斯基讨论了俄乌停火问题，称将与俄罗斯总统普京再次举行通话，"看看是否能够结束战争"。特朗 普在与泽连斯基会晤结束后举行的新闻发布会上还称，乌克兰非常想获得"爱国者"防空导弹系统， 美方将考虑能否向乌方提供。不过他认为，乌方可能很难获得"爱国者"导弹，因为美方也需要。 ...

1. Report Industry Investment Rating - No relevant information provided 2. Core Views - Crude oil prices rebounded during the Dragon Boat Festival due to factors such as OPEC+ not exceeding production increase expectations, Canadian wildfires affecting production, and Ukraine's bombing of Russian strategic bombers. However, there is still downward pressure on crude oil due to factors like high supply pressure, the impact of trade wars, and Kazakhstan's over - production [3][5]. - The upward momentum of the soybean meal futures has weakened, and the futures price will show a volatile trend due to sufficient domestic soybean supply and stable terminal demand [6]. - Copper is still in a volatile range. If the copper tariff policy becomes clear, it may lead to an expectation of tight supply and benefit copper prices. Attention should be paid to the subsequent tariff policy and downstream demand resilience [12]. - Asphalt is expected to fluctuate at a high level in the near term. As it gradually enters the peak season, it is recommended to go long on the 09 - 12 spread [14]. - PP and plastic are expected to show weak and volatile trends due to factors such as high inventory pressure, slow downstream recovery, and the impact of tariffs [15][17]. - PVC is in a weak and volatile state due to factors such as high inventory pressure, weak demand, and the impact of anti - dumping policies [18]. - The soybean oil futures market is expected to be weak and volatile in the short term due to high inventory and weak terminal demand [20]. - The urea futures price is not expected to fall deeply, but the upside space for the market rebound during the agricultural demand period may be limited due to relatively loose supply and demand [21]. 3. Summary by Related Catalogs Hot Varieties Crude Oil - International crude oil prices rebounded during the Dragon Boat Festival. OPEC+ agreed to increase oil production by 411,000 barrels per day in July. Canadian wildfires led to a shutdown of nearly 350,000 barrels per day of heavy crude oil production. The US government's sanctions on Venezuela's oil industry were upgraded, and Trump threatened to increase sanctions on Iran and Russia. However, there is still downward pressure on crude oil due to high supply and the impact of trade wars [3][5]. Soybean Meal - The main 09 - contract of soybean meal opened lower and fluctuated. Internationally, the US soybean - producing states may have higher temperatures and more precipitation. Brazil's soybean planting area is expected to increase slightly, but the yield is expected to decrease. Domestically, soybean supply will be sufficient in the future, and the inventory of soybean meal is expected to increase, so the futures price will be volatile [6]. Futures Market Summary - As of the close on June 3, most domestic futures main contracts fell. 20 - rubber, synthetic rubber, coking coal, and glass fell by more than 3%. In terms of gains, silver futures rose nearly 3%, and SC crude oil rose more than 2%. Stock index futures mostly rose slightly, while most bond futures fell [8]. - As of 15:05, funds flowed into contracts such as Shanghai copper 2507 and Shanghai silver 2508, and flowed out of contracts such as crude oil 2507 and rapeseed meal 2509 [10]. Core Content of Each Variety Copper - Shanghai copper opened high and closed slightly lower. The US government's tariff policy on copper has increased market expectations. Although the supply of refined copper is high, the demand is supported by good PMI data. The copper price is still in a volatile range, and attention should be paid to the tariff policy and downstream demand [12]. Asphalt - The asphalt production rate continued to decline, and the downstream demand was weak. The US sanctions on Iran's crude oil exports and the situation in Venezuela need to be monitored. Asphalt is expected to fluctuate at a high level in the near term, and it is recommended to go long on the 09 - 12 spread [13][14]. PP - The downstream start - up rate of PP decreased, and the inventory pressure was high. With the restart of some devices and the slow recovery of downstream demand, PP is expected to show a weak and volatile trend [15]. Plastic - The start - up rate of plastic decreased, and the downstream demand was weak. The inventory was at a relatively high level, and the impact of tariffs and new production capacity also affected the market. Plastic is expected to be weak and volatile [16][17]. PVC - The start - up rate of PVC increased, but the downstream demand was still weak. The anti - dumping policy of India and high inventory pressure affected the market. PVC is expected to be weak and volatile [18]. Soybean Oil - The main 09 - contract of soybean oil opened low and rebounded. With sufficient domestic soybean supply and high soybean crushing volume, the inventory of soybean oil increased, and the terminal demand was weak. The futures price is expected to be weak and volatile in the short term [19][20]. Urea - The urea price opened high and closed lower. The supply is sufficient, and the demand is in a gap period. Although there is agricultural demand expectation, the upside space for the market rebound may be limited [21].

Core Viewpoint - The Russian representative to the United Nations stated that achieving a ceasefire requires Western countries to stop supplying weapons to Kyiv and for Ukraine to halt mobilization efforts [1] Group 1 - The call for a ceasefire emphasizes the need for a reduction in military support from Western nations to Ukraine [1] - The statement highlights the dual requirement of both external and internal actions to facilitate peace [1]

乌方称已向俄递交有关停火的文件 等待俄方回应 金十数据5月29日讯，当地时间5月28日，乌克兰国防部部长乌梅罗夫在社交媒体上表示，乌方已向俄方 代表团团长梅金斯基递交了停火文件。按照流程，俄罗斯还有四天时间将文件提交给乌克兰处理。乌梅 罗夫指出，截至目前，俄罗斯仍未向乌克兰提交"备忘录"。乌克兰已明确准备好全面无条件停火，并积 极开展进一步的外交工作。乌方并不反对与俄罗斯举行会晤，但期待俄方能够尽快拿出一份"备忘录"， 确保后续会晤具有实质内容，真正为推动战争结束发挥作用。 （央视） ...

乌克兰总统泽连斯基：俄罗斯一直在寻找各种方式推迟停火。 ...

Core Viewpoint - The Deputy Chairman of the German CDU, Michael Kretschmer, suggests that negotiations with Russia to restart the "Nord Stream 2" gas pipeline project could serve as a potential entry point for achieving a ceasefire between Russia and Ukraine [1] Group 1 - The "Nord Stream 2" gas pipeline project is being considered as a strategic leverage in diplomatic discussions [1] - The potential restart of the pipeline may influence the geopolitical landscape regarding the Russia-Ukraine conflict [1]

德国执政党基督教民主联盟(基民盟)副主席米夏埃尔.克雷奇默在德国时代在线网站25日刊发的专访中 说，就重启"北溪-2"天然气管道项目与俄罗斯谈判可能是促成俄罗斯与乌克兰达成停火的一个切入点。 多家外媒报道，美国与俄罗斯近期探讨了重启"北溪-2"项目的可能性。俄美双方拟议由美国投资方从俄 罗斯购买天然气，再贴以美国品牌向欧洲转售。俄罗斯外交部长谢尔盖.拉夫罗夫3月底向俄罗斯第一频 道证实，俄美确实"有关于北溪天然气管道的讨论"。这一动向引发欧洲国家担忧。(央视新闻) ...

特朗普和普京通话后将推进俄乌停火，黄金能否稳守3200关口？金十研究员高阳正在直播分析，点击进 入直播间 相关链接 ...

Core Viewpoint - Ukrainian President Zelensky announced that he had two phone calls with US President Trump, discussing critical issues including a potential ceasefire and sanctions against Russia [2]. Group 1: Phone Calls and Discussions - Zelensky stated that he had two different forms of communication with Trump, focusing on significant matters such as a ceasefire [2]. - The first call was a one-on-one conversation, followed by a joint call that included leaders from the EU, France, Italy, Germany, and Finland [2]. Group 2: Ceasefire and Memorandum - Zelensky mentioned that Russia and Ukraine might sign a memorandum that could serve as a foundation for a future peace treaty, which would include ceasefire terms [2]. - The specific content of the potential memorandum with Russia remains unclear, and Ukraine will determine its position after receiving Russia's proposals [2]. Group 3: Sanctions and International Cooperation - Zelensky indicated that the discussions with Trump included the possibility of the US implementing stricter sanctions if Russia does not support the ceasefire initiative or show willingness to resolve the Ukrainian crisis [2]. - He emphasized the importance of Ukraine's involvement in any decisions related to matters concerning Ukraine, urging the US not to make decisions without Ukrainian participation [2]. - Ukraine is considering organizing a joint meeting involving the US, Ukraine, Russia, and the EU, potentially to be held in Turkey, the Vatican, or Switzerland [2].

土耳其外交部长：乌克兰和俄罗斯已书面达成协议，彼此分享实现停火的条件。各方也原则上同意再次 会晤。 ...