Report Summary 1. Index Performance - According to the closing prices of adjacent trading days, the Nanhua Composite Index rose 0.63% today. Based on the night - session prices of adjacent trading days, it rose 0.83% [1][4]. - Among the sector indices, all sectors increased. The Nanhua Energy and Chemical Index had the largest increase of 0.75% (or 90.00% based on night - session prices), and the Nanhua Agricultural Products Index had the smallest increase of 0.07% [1][4]. - Among the theme indices, only the Economic Crops Index fell by - 0.29%. The rest of the theme indices rose. The Energy Index had the largest increase of 1.22%, and the Oilseeds and Oils Index had the smallest increase of 0.23% [1][4]. - Among the commodity futures single - variety indices, the Butadiene Rubber Index had the largest increase of 1.86%, and the Egg Index had the largest decrease of - 1.51% [1]. 2. Other Information - The calculation method of the price change in the report is the ratio of today's closing price to yesterday's closing price. The Nanhua Commodity Index excludes the spread during the contract roll - over and reflects the real return of investing in the commodity system [9]. - The contribution calculation method used in the report is a certain variety's daily price change / Σ (each variety's daily price change). Yellow data bars represent rising varieties, and blue data bars represent falling varieties [9].

Report Summary 1. Investment Rating No investment rating for the industry is provided in the report. 2. Core View This week, the Nanhua Composite Index rose 6.13 points, a gain of 0.24%. The most influential varieties were crude oil and rebar. The Nanhua Industrial Products Index rose 34.64 points, a gain of 0.96%, with coke and crude oil being the most influential. The Nanhua Metal Index rose 8.69 points, a gain of 0.14%, with rebar having the greatest influence. The Nanhua Energy and Chemical Index rose 23.3 points, a gain of 1.42%, led by coke. The Nanhua Agricultural Products Index fell 8.57 points, a decline of -0.78%, mainly due to the impact of live pigs [1][3]. 3. Summary by Directory 3.1 Nanhua Commodity Index Weekly Data | Index Name | This Week's Closing | Last Week's Closing | Points Changed | Change Rate | This Week's Maximum | This Week's Minimum | Volatility | | --- | --- | --- | --- | --- | --- | --- | --- | | Composite Index NHCI | 2546.21 | 2540.08 | 6.13 | 0.24% | 2573.68 | 2540.08 | 33.60 | | Precious Metals Index NHPMI | 1345.45 | 1356.24 | -10.78 | -0.80% | 1367.84 | 1334.46 | 33.38 | | Industrial Products Index NHII | 3630.65 | 3596.01 | 34.64 | 0.96% | 3664.10 | 3596.01 | 68.09 | | Metal Index NHMI | 6411.66 | 6402.98 | 8.69 | 0.14% | 6438.98 | 6380.04 | 58.95 | | Energy and Chemical Index NHECI | 1664.67 | 1641.37 | 23.30 | 1.42% | 1688.27 | 1641.37 | 46.90 | | Non-ferrous Metals Index NHNFI | 1689.68 | 1700.91 | -11.24 | -0.66% | 1705.58 | 1683.58 | 22.00 | | Black Index NHFI | 2590.86 | 2533.40 | 57.46 | 2.27% | 2590.86 | 2533.40 | 57.46 | | Agricultural Products Index NHAI | 1084.14 | 1092.71 | -8.57 | -0.78% | 1095.22 | 1081.74 | 13.48 | | Nanhua Composite Fee NHCIMi | 1199.02 | 1186.12 | 12.90 | 1.09% | 1211.44 | 1186.12 | 25.32 | | Energy Fee NHEI | 1070.73 | 1041.11 | 29.62 | 2.85% | 1090.08 | 1041.11 | 48.97 | | Petrochemical Ammonia NHPCI | 66.956 | 928.44 | -2.45 | -0.26% | 939.89 | 66.956 | 13.90 | | Chemical Engineering Information HCCI | 1003.49 | 1003.47 | 0.02 | 0.00% | 1013.11 | 1003.34 | 9.76 | | Black Raw Materials Photography NHFMI | 1093.85 | 1061.21 | 32.64 | 3.08% | 1093.85 | 1061.21 | 32.64 | | Building Materials Index NHBMI | 744.57 | 731.80 | 12.77 | 1.75% | 746.57 | 731.80 | 14.77 | | Agricultural By-products Index AHOOl | 1262.75 | 1266.02 | -3.27 | -0.26% | 1273.29 | 1254.86 | 18.43 | | Economic Crops Index NHAECI | 893.42 | 904.79 | -11.37 | -1.26% | 904.79 | 893.42 | 11.37 | [4] 3.2 Nanhua Variety Index Arbitrage Data The report provides data on the strength and weakness arbitrage of the Nanhua variety index, including the current value, previous value, change, and ranking of various index ratios. For example, the ratio of the Precious Metals Index to the Composite Index is 0.528, down from 0.534 last week [7]. 3.3 Contribution of Each Variety's Daily Return to Index Return The report shows the contribution of the daily return of each variety to the index return, including the week-on-week increase, position ratio, etc. of futures varieties such as soybean meal and polyethylene [9]. 3.4 Weekly Data of Nanhua's Sector Indexes - **Industrial Products Index**: Closed at 3630.65 this week. The most influential varieties were coke and crude oil, with contribution rates of 0.39% and 0.38% respectively [3][11]. - **Metal Index**: Closed at 6411.66 this week. Rebar had the greatest influence, with a contribution rate of 0.26% [3][11]. - **Energy and Chemical Index**: Closed at 1664.67 this week. Coke was the most influential, with a contribution rate of 0.57% [3]. - **Agricultural Products Index**: Closed at 1084.14 this week, down 8.57 points. Live pigs had the greatest negative impact, with a contribution rate of -0.50% [3][12]. - **Black Index**: Closed at 2590.86 this week. The influential varieties included coke, rebar, and iron ore [13]. - **Non-ferrous Metals Index**: Closed at 1689.68 this week [13].