Group 1 - The domestic non-ferrous metal futures market showed a significant decline on May 22, with aluminum oxide futures rising over 1% [1] - As of May 22, the main aluminum oxide futures increased by 1.26% to 3224.00 CNY/ton, while other metals like tin, zinc, and lead saw declines of 0.60%, 0.49%, and 0.74% respectively [1] - The opening prices for various non-ferrous metal futures on May 22 included aluminum oxide at 3230.00 CNY, lithium carbonate at 61200.00 CNY, and copper at 78010.00 CNY [2] Group 2 - On May 21, the warehouse receipts for non-ferrous metals showed a decrease in copper by 4520 tons, aluminum by 1625 tons, and lead by 3884 tons, while tin increased by 45 tons [3] - The aluminum oxide warehouse receipts decreased by 16826 tons, indicating a significant reduction in supply [3] - The basis data indicated that several metals, including copper, zinc, aluminum, nickel, tin, industrial silicon, lithium carbonate, and polysilicon, experienced a "backwardation" phenomenon where spot prices were higher than futures prices [3] Group 3 - The basis and basis rate for various metals showed that copper had a basis of 403 CNY with a basis rate of 0.51%, while zinc had a basis of 359 CNY with a basis rate of 1.58% [4] - Aluminum had a basis of 56 CNY and a basis rate of 0.28%, while nickel showed a basis of 1118 CNY with a basis rate of 0.90% [4] - Lithium carbonate had a basis of 2146 CNY and a basis rate of 3.39%, indicating a strong spot market compared to futures [4][5]

Core Insights - The domestic oilseed market showed mixed performance on May 22, with canola meal futures rising over 1% while palm oil and soybean oil futures declined [1][2] Price Movements - Canola meal futures increased by 1.07% to 2554.00 CNY/ton - Palm oil futures decreased by 0.57% to 8058.00 CNY/ton - Soybean oil futures fell by 0.44% to 7778.00 CNY/ton - Soybean futures dropped by 0.21% to 4197.00 CNY/ton [1] Futures Market Data - Soybean oil opened at 7810.00 CNY, closed at 7812.00 CNY - Palm oil opened at 8098.00 CNY, closed at 8104.00 CNY - Canola oil opened at 9436.00 CNY, closed at 9415.00 CNY - Soybean meal opened at 2936.00 CNY, closed at 2908.00 CNY - Canola meal opened at 2547.00 CNY, closed at 2527.00 CNY - Soybean one opened and closed at 4225.00 CNY - Soybean two opened and closed at 3565.00 CNY - Peanut opened at 8374.00 CNY, closed at 8364.00 CNY - Rapeseed opened at 5222.00 CNY, closed at 5216.00 CNY [2] Warehouse Receipt Data - Soybean oil warehouse receipts remained unchanged at 14602 contracts - Palm oil warehouse receipts remained unchanged at 330 contracts - Canola oil warehouse receipts remained unchanged at 2188 contracts - Soybean meal warehouse receipts remained unchanged at 38311 contracts - Canola meal warehouse receipts decreased by 37 contracts to 30947 - Soybean one warehouse receipts increased by 500 contracts to 30736 - Soybean two warehouse receipts remained unchanged at 900 contracts - Peanut warehouse receipts remained unchanged at 600 contracts [3] Basis Data - Canola oil had a basis of 126 CNY with a basis rate of 1.32% - Canola meal had a basis of -42 CNY with a basis rate of -1.69% - Palm oil had a basis of 480 CNY with a basis rate of 5.59% - Soybean one had a basis of 49 CNY with a basis rate of 1.15% - Soybean meal had a basis of 78 CNY with a basis rate of 2.61% - Soybean oil had a basis of 262 CNY with a basis rate of 3.24% [4]

5月21日，国内期市有色金属板块"万红丛中一点绿"，氧化铝主力涨逾2%。截止目前，氧化铝主力上涨 2.54%，报3228.00元/吨；工业硅主力下跌1.31%，报7900.00元/吨；沪锡主力上涨1.25%，报268100.00 元/吨；国际铜主力上涨0.74%，报69670.00元/吨。 5月21日有色金属期货价格行情 | 合约名称 | 开盘价 | 昨收价 | 昨结价 | | --- | --- | --- | --- | | 氧化铝主力 | 3130.00 | 3134.00 | 3148.00 | | 碳酸锂主力 | 61060.00 | 60860.00 | 60740.00 | | 沪铜主力 | 77880.00 | 77540.00 | 77860.00 | | 国际铜主力 | 69090.00 | 68890.00 | 69160.00 | | 沪铝主力 | 20135.00 | 20075.00 | 20060.00 | | 沪铅主力 | 16900.00 | 16845.00 | 16810.00 | | 沪镍主力 | 123450.00 | 122870.00 | 123340.00 | ...

Core Viewpoint - The domestic futures market for oilseeds and oils has shown a significant upward trend, with major increases in prices for various contracts as of May 21, indicating a bullish sentiment in the sector [1][2]. Price Movements - As of May 21, the main contracts for oilseeds and oils have experienced notable price increases: - Rapeseed meal rose by 1.40% to 2532.00 CNY/ton - Soybean meal increased by 1.18% to 2913.00 CNY/ton - Soybean No. 1 went up by 0.79% to 4214.00 CNY/ton - Soybean No. 2 climbed by 0.91% to 3542.00 CNY/ton [1]. Futures Price Data - The opening and closing prices for various oilseed futures on May 21 are as follows: - Soybean oil: Opened at 7820.00 CNY, closed at 7796.00 CNY - Palm oil: Opened at 8098.00 CNY, closed at 8076.00 CNY - Rapeseed oil: Opened at 9390.00 CNY, closed at 9389.00 CNY - Soybean meal: Opened at 2896.00 CNY, closed at 2879.00 CNY - Rapeseed meal: Opened at 2516.00 CNY, closed at 2497.00 CNY - Soybean No. 1: Opened at 4191.00 CNY, closed at 4181.00 CNY - Soybean No. 2: Opened at 3533.00 CNY, closed at 3510.00 CNY - Peanut: Opened at 8366.00 CNY, closed at 8308.00 CNY - Oilseed: Opened at 5152.00 CNY, closed at 5200.00 CNY [2]. Warehouse Receipt Data - As of May 20, the warehouse receipt data for various oilseed futures indicates: - Soybean oil: 14602 contracts, unchanged from the previous trading day - Palm oil: 330 contracts, unchanged - Rapeseed oil: 2188 contracts, down by 2 - Soybean meal: 38311 contracts, unchanged - Rapeseed meal: 30984 contracts, down by 64 - Soybean No. 1: 30236 contracts, up by 653 - Soybean No. 2: 900 contracts, unchanged - Peanut: 600 contracts, down by 138 [3]. Basis and Basis Rate - The basis and basis rates for various commodities as of May 20 are as follows: - Rapeseed oil: Spot price 9520 CNY, futures price 9389 CNY, basis 131 CNY, basis rate 1.38% - Rapeseed meal: Spot price 2475 CNY, futures price 2497 CNY, basis -22 CNY, basis rate -0.89% - Palm oil: Spot price 8636 CNY, futures price 8076 CNY, basis 560 CNY, basis rate 6.48% - Soybean No. 1: Spot price 4255 CNY, futures price 4181 CNY, basis 74 CNY, basis rate 1.74% - Soybean meal: Spot price 2966 CNY, futures price 2879 CNY, basis 87 CNY, basis rate 2.93% - Soybean oil: Spot price 8074 CNY, futures price 7796 CNY, basis 278 CNY, basis rate 3.44% [4].

Core Viewpoint - The domestic non-ferrous metal market on May 20 showed a mixed trend with most metals declining, particularly industrial silicon and lithium carbonate, while alumina experienced a slight increase [1] Price Movements - Industrial silicon futures fell nearly 2% to 7980.00 CNY/ton, while lithium carbonate dropped 1.24% to 60640.00 CNY/ton [1] - Alumina futures rose by 1.39% to 3133.00 CNY/ton [1] - Nickel futures decreased by 0.50% to 123280.00 CNY/ton [1] Opening and Closing Prices - The opening and closing prices for various metals on May 20 were as follows: - Alumina: Opened at 3149.00 CNY, closed at 3090.00 CNY [1] - Lithium carbonate: Opened at 61160.00 CNY, closed at 61400.00 CNY [1] - Copper: Opened at 77980.00 CNY, closed at 77740.00 CNY [1] - International copper: Opened at 68950.00 CNY, closed at 68940.00 CNY [1] - Aluminum: Opened at 20050.00 CNY, closed at 20165.00 CNY [1] - Lead: Opened at 16860.00 CNY, closed at 16900.00 CNY [1] - Nickel: Opened at 123200.00 CNY, closed at 123900.00 CNY [1] - Zinc: Opened at 22415.00 CNY, closed at 22465.00 CNY [1] - Industrial silicon: Opened at 8065.00 CNY, closed at 8130.00 CNY [1] - Tin: Opened at 265600.00 CNY, closed at 263990.00 CNY [1] Inventory Changes - As of May 19, the inventory data for non-ferrous metals showed: - Copper futures inventory decreased by 1334 tons to 61913 tons [1] - Aluminum futures inventory decreased by 323 tons to 62497 tons [1] - Zinc futures inventory decreased by 474 tons to 1701 tons [1] - Tin futures inventory decreased by 64 tons to 8119 tons [1] - Lead futures inventory increased by 126 tons to 50047 tons [1] - Nickel futures inventory decreased by 30 tons to 23471 tons [1] - International copper futures inventory remained stable at 13744 tons [1] - Alumina futures inventory decreased by 1805 tons to 202930 tons [1] - Lithium carbonate futures inventory increased by 60 hands to 36684 hands [1] - Industrial silicon futures inventory decreased by 287 hands to 66097 hands [1] Basis Data - As of May 19, the basis data indicated a "backwardation" phenomenon for several metals: - Copper: Spot price at 78113.3 CNY, futures price at 77740 CNY, basis at 373 CNY, basis rate at 0.48% [1] - Zinc: Spot price at 22590 CNY, futures price at 22280 CNY, basis at 310 CNY, basis rate at 1.37% [1] - Aluminum: Spot price at 20290 CNY, futures price at 20165 CNY, basis at 125 CNY, basis rate at 0.62% [1] - Lead: Spot price at 16825 CNY, futures price at 16920 CNY, basis at -95 CNY, basis rate at -0.56% [1] - Nickel: Spot price at 125083 CNY, futures price at 123900 CNY, basis at 1183 CNY, basis rate at 0.95% [1] - Tin: Spot price at 265188 CNY, futures price at 263990 CNY, basis at 1198 CNY, basis rate at 0.45% [1] - Industrial silicon: Spot price at 9390 CNY, futures price at 8200 CNY, basis at 1190 CNY, basis rate at 12.67% [1] - Lithium carbonate: Spot price at 63600 CNY, futures price at 61400 CNY, basis at 2200 CNY, basis rate at 3.46% [1] - Polysilicon: Spot price at 38000 CNY, futures price at 37150 CNY, basis at 850 CNY, basis rate at 2.24% [1] - International copper: Spot price at 69235 CNY, futures price at 68940 CNY, basis at 295 CNY, basis rate at 0.43% [1]

Core Insights - The domestic non-ferrous metal market showed significant gains on May 15, with aluminum oxide leading the increase by over 4% [1] - The main contracts for various metals exhibited mixed performance, with lithium carbonate experiencing a decline of 0.86% [1] Market Performance - Aluminum oxide rose by 4.52%, reaching 3008.00 CNY/ton [1] - Industrial silicon increased by 0.84%, priced at 8450.00 CNY/ton [1] - Shanghai aluminum saw a rise of 0.77%, trading at 20275.00 CNY/ton [1] - Lithium carbonate fell to 64180.00 CNY/ton, down 0.86% [1] Inventory Data - Copper futures inventory increased by 20912 tons, totaling 50069 tons [1] - Aluminum futures inventory rose by 1106 tons, reaching 62446 tons [1] - Zinc futures inventory remained stable at 1600 tons [1] - Tin futures inventory decreased by 60 tons, totaling 8179 tons [1] - Lead futures inventory increased by 957 tons, totaling 48250 tons [1] - Nickel futures inventory decreased by 398 tons, totaling 23549 tons [1] - International copper futures inventory increased by 2450 tons, totaling 13744 tons [1] - Aluminum oxide futures inventory decreased by 1199 tons, totaling 217034 tons [1] Basis Data - Several metals exhibited a "backwardation" phenomenon, including copper, zinc, nickel, tin, industrial silicon, lithium carbonate, and polysilicon [1] - Copper basis was 301 with a basis rate of 0.38% [1] - Zinc basis was 330 with a basis rate of 1.44% [1] - Aluminum basis was -86 with a basis rate of -0.43% [1] - Lead basis was -70 with a basis rate of -0.42% [1] - Nickel basis was 1908 with a basis rate of 1.51% [1] - Tin basis was 508 with a basis rate of 0.19% [1] - Industrial silicon basis was 1145 with a basis rate of 11.91% [1] - Lithium carbonate basis was 226 with a basis rate of 0.35% [1] - Polysilicon basis was 580 with a basis rate of 1.49% [1] - International copper basis was -15 with a basis rate of -0.02% [1]

【5 月 14 日国内期市黑色金属板块全线飘红】截止目前，铁矿石主力上涨 1.88%，报 733.00 元/吨。螺 纹钢主力上涨 0.84%，报 3115.00 元/吨。热卷主力上涨 0.84%，报 3253.00 元/吨。不锈钢主力上涨 1.16%，报 13080.00 元/吨。5 月 13 日黑色金属仓单数据显示，螺纹钢仓库期货仓单 148997 吨，环比上 个减少 19706 吨。铁矿石期货仓单 3200 手，环比上个持平。不锈钢仓库期货仓单 159232 吨，环比上个 减少 1012 吨。热轧卷板期货仓单 281489 吨，环比上个减少 9957 吨。锰硅期货仓单 121174 张，环比上 个减少 136 张。硅铁期货仓单 19249 张，环比上个减少 28 张。截止 5 月 13 日，据商品期货基差数据显 示，螺纹钢、热卷、不锈钢品种合约出现"期现倒挂"现象。螺纹钢现货价格 3164.78 元，期货价格 3089 元，基差 75 元，基差率 2.37%。线材现货价格 3370 元，期货价格 3433 元，基差-63 元，基差 率-1.87%。热轧卷板现货价格 3296.67 元，期货价格 3226 ...

【5 月 13 日国内期市原油系板块表现各异】5 月 13 日，国内期市原油系板块中，液化石油气主力跌逾 2%，其余品种有涨。截至目前，液化石油气主力下跌 2.18%，报 4267.00 元/吨；原油主力上涨 0.74%，报 477.90 元/桶；燃料油主力上涨 1.08%，报 2993.00 元/吨；低硫燃料油主力上涨 1.18%，报 3520.00 元/吨。5 月 12 日商品仓单数据显示，中质含硫原油期货仓单 4029000 桶，环比减少 615000 桶；燃料油期货仓单 44390 吨，环比减少 6730 吨；石油沥青厂库期货仓单 30960 吨，环比持平；液化 石油气期货仓单 6762 手，环比增加 415 手；低硫燃料油仓库期货仓单 26270 吨，环比减少 15980 吨。 截止 5 月 12 日，据基差数据，燃料油、沥青、液化石油气、低硫燃料油品种合约出现"期现倒挂"现 象。其中，燃料油现货价格 5470 元，期货价格2961 元，基差 2509 元，基差率 45.87%；沥青现货价格 3585 元，期货价格 3447 元，基差 138 元，基差率 3.85%；液化石油气现货价格 4905 元 ...

Core Viewpoint - The chemical futures market in China showed a mixed performance on May 12, with most products experiencing price fluctuations, particularly PTA which saw a significant increase of nearly 3% [1]. Price Movements - PTA futures rose by 2.76% to 4694.00 CNY/ton - Pure soda futures decreased by 0.91% to 1304.00 CNY/ton - Paraxylene futures increased by 2.54% to 6610.00 CNY/ton - Styrene futures rose by 2.41% to 7147.00 CNY/ton [1][2]. Warehouse Data - As of May 9, PTA warehouse receipts decreased by 6246 to 91568 [3]. - The total warehouse receipts for rubber decreased by 160 to 200500 [3]. - The warehouse receipts for pure soda decreased by 159 to 5832 [3]. Basis Data - As of May 9, several commodities including PTA, paper pulp, and methanol exhibited a phenomenon of "backwardation," where spot prices exceeded futures prices [4]. - The basis for PTA was reported at 182 with a basis rate of 3.83% [5]. Current Prices and Basis - The current spot price for PTA is 4750.84 CNY, with a futures price of 4568 CNY, resulting in a basis of 182 CNY [5]. - The basis for pure soda is 146 CNY with a basis rate of 9.98% [5].

4月29日，商品市场仓单数据显示： 4月30日，国内期市化工板块多数走低，尿素主力涨逾6%。截止目前，尿素主力上涨6.29%，报1858.00 元/吨；纯碱主力下跌1.31%，报1353.00元/吨；玻璃主力下跌2.69%，报1085.00元/吨；纸浆主力下跌 2.67%，报5112.00元/吨。 4月30日化工期货价格行情 | 合约名称 | 开盘价 | 昨收价 | 昨结价 | | --- | --- | --- | --- | | 橡胶 | 14650.00 | 14635.00 | 14700.00 | | 20号胶 | 12225.00 | 12235.00 | 12280.00 | | 合成橡胶 | 11215.00 | 11225.00 | 11260.00 | | PTA | 4426.00 | 4440.00 | 4446.00 | | 短纤 | 6168.00 | 6184.00 | 6176.00 | | PVC | 4949.00 | 4949.00 | 4958.00 | | 甲醇 | 2279.00 | 2278.00 | 2286.00 | | 乙二醇 | 4190.00 | 418 ...