1. Report Industry Investment Ratings - No specific industry - wide investment ratings are provided in the report. 2. Core Views of the Report - Trump is expected to announce a new Federal Reserve Chairman early next year, with Kevin Hassett being the likely candidate [7]. - The US holiday shopping season had a strong start, and the OECD has raised its economic growth forecasts for the US and the Eurozone [20]. - The Eurozone's November CPI rebounded to 2.2%, making a December interest - rate cut by the European Central Bank "highly unlikely" [20]. 3. Summary by Related Catalogs 3.1 Metals and Minerals Gold and Silver - Gold: The expectation of interest - rate cuts has rebounded. Gold prices are on an upward trend, with a trend strength of 1 [17]. - Silver: It is accelerating and reaching new highs, with a trend strength of 1 [17]. Base Metals - Copper: The spot market is strong, supporting the price, with a trend strength of 1 [21]. - Zinc: There is support at the lower level, with a trend strength of 1 [24]. - Lead: Inventory reduction supports the price, with a trend strength of 0 [27]. - Tin: Supply has been disrupted again, with a trend strength of 0 [30]. - Aluminum: It is in a range - bound oscillation, with a trend strength of 0 [33]. - Alumina: It is still searching for a bottom, with a trend strength of 0 [33]. - Platinum: It is in a narrow - range oscillation, with a trend strength of 0 [37]. - Palladium: There is a possibility of an upward movement as the NYMEX - London price spread widens, with a trend strength of 0 [37]. - Nickel: Fundamental factors limit the upside potential, and it is trading in a low - level oscillation, with a trend strength of 0 [41]. - Stainless Steel: High inventory and weak supply - demand, with cost limiting the downside, with a trend strength of 0 [41]. 3.2 Energy and Chemicals Energy - Crude Oil: Not specifically mentioned in the report. Chemicals - Synthetic Rubber: It has short - term event - driven upward movement, but the upside space is narrowing. The short - term price of butadiene is stable and oscillating, and the supply - demand pattern has marginally improved [8][9]. - LLDPE: The basis has turned positive, and the supply remains loose. There is a need to pay attention to the supply - demand pressure caused by high production capacity and weakening demand in the medium term [80][81]. - PP: It has a short - term rebound, but the medium - term trend still faces pressure due to high supply and weak demand [83][84]. - Caustic Soda: The trend still faces pressure due to high production, high inventory, and weak demand [87][89]. - Paper Pulp: It is in an oscillating operation. The core contradiction has not fundamentally changed, and attention should be paid to port inventory and downstream procurement [92][94]. - Glass: The price of the original sheet is stable. Capacity reduction has boosted market confidence, but overall trading is average [96][97]. - Methanol: It is in an oscillating operation, and the upside space is narrowing. The high supply pressure in the domestic market is the main contradiction in the 01 contract [99][103]. - Urea: The price center has shifted upward, and attention should be paid to inventory. The fundamental driver is neutral, and the price is supported by the reduction of explicit inventory [106][109]. - Styrene: It is in a short - term oscillation. The short - term pure benzene market is oscillating, and the supply pressure of styrene is not large [110][111]. - Soda Ash: The spot market has little change. Supply is expected to increase, and downstream demand is general [113]. - LPG: The trend is under pressure, with a trend strength of - 1 [115][120]. - Propylene: The pattern remains loose, with a trend strength of - 1 [116][120]. - PVC: It is in a low - level oscillation. The short - term is not suitable for short - selling, but it still faces high -开工 and weak - demand before the 03 contract [124][125]. - Fuel Oil: The night - session price declined, and the weakness reappeared, with a trend strength of - 1 [127][128]. - Low - Sulfur Fuel Oil: It has weakened in the short - term, and the price spread between high - and low - sulfur in the overseas spot market is in a narrow - range oscillation, with a trend strength of - 1 [128]. 3.3 Agriculture Grains and Oilseeds - Corn: It is in an oscillating operation, with a trend strength of 0 [162][165]. - Soybean Meal: It lacks new sales, and the decline of US soybeans has led to an adjustment, with a trend strength of 0 [159][161]. - Soybean: The spot price is stable, and the futures price is oscillating, with a trend strength of 0 [159][161]. - Peanut: Attention should be paid to the spot market. The prices of most regions are stable or slightly weak, with a trend strength of 0 [182][184]. Soft Commodities - Sugar: The production in India has increased significantly. The global sugar market is expected to have a surplus in the 25/26 season, with a trend strength of - 1 [166][168]. - Cotton: The supply and demand are both strong. The spot trading is still light, and the price of cotton yarn has been partially raised [170][171]. - Egg: The volume of culling has increased, and the overall sentiment is strong, with a trend strength of 0 [176]. - Live Pig: An increase in supply is expected, and the industrial logic is returning, with a trend strength of - 1 [178][180]. - Palm Oil: It is waiting for the confirmation of the inflection point and is currently in a range - bound operation. The export volume of Malaysian palm oil in November decreased [152][153]. - Soybean Oil: The driving force from US soybeans is insufficient, and it is in an oscillating operation, with a trend strength of 0 [152][158]. 3.4 Shipping - Container Freight Index (European Line): It is expected to continue to repair its valuation in the short - term and be in an oscillating market in the medium - term. The strategy is to wait and see for the 02 contract and maintain rolling short - selling for the 04 contract [130][140].

Group 1 - The current market sentiment is favorable for the ChiNext board, driven by strong performance in sectors such as stablecoins, pharmaceuticals, photovoltaics, military, and solid-state technologies [2] - High-frequency economic indicators show improvement in Q2 compared to Q1 across various industries, particularly in TMT (digital media, cinema, components, gaming), industrial products (motors, automation equipment, photovoltaics, wind power), and consumer goods (specialty chains, retail, tourism, medical devices) [2] - The upcoming earnings reports from high-performing companies, particularly in the ChiNext board, are expected to be released in early July, contributing to positive market momentum [3] Group 2 - The performance of the ChiNext index has been strong due to favorable fundamentals, with expectations for continued upward movement depending on upcoming non-farm payroll data [4] - Market expectations for non-farm payrolls suggest an addition of 110,000 jobs, down from the previous 139,000, indicating a potential shift towards lower interest rates if the data is disappointing [4] - The global trend of central banks, including the Federal Reserve, moving towards interest rate cuts is seen as beneficial for the stock market, particularly for the ChiNext board [5] Group 3 - The current market trend is identified as bullish, with a focus on capitalizing on short-term opportunities within the ChiNext board while maintaining awareness of broader market cycles [7] - Technical indicators, such as the MACD, suggest a supportive environment for the ChiNext board, indicating potential for further gains [7]