消息：一位OPEC代表透露，沙特阿拉伯及其伙伴国计划在周日举行的视频会议上正式批准增产54.8万桶/日。此次增产将完全恢复八个成员国在2023年达成的220万桶/日减产额度，其中还包括阿联酋正在分阶段实施的额外配额。 ...

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core View of the Report - The domestic crude oil futures contract 2509 is expected to maintain a moderately strong and volatile trend. With the geopolitical risk in the Middle East still present, the premium of crude oil has increased. After a significant decline, the confidence of oil market bulls has been strengthened, and the geopolitical premium has rebounded. The peak oil - using season in the Northern Hemisphere has boosted demand. Although 8 major OPEC and non - OPEC oil - producing countries plan to increase production by 548,000 barrels per day in August, exceeding market expectations, the potential for further production expansion is limited in the future as the production increase negative factors are digested and the original production increase plan is gradually realized. [5] 3. Summary by Related Catalog Time - cycle Viewpoints - **Short - term**: The short - term view of crude oil 2509 is oscillatory [1]. - **Medium - term**: The medium - term view of crude oil 2509 is oscillatory, and the medium - term view of crude oil (SC) is also oscillatory [1][5]. - **Intraday**: The intraday view of crude oil 2509 is moderately strong and oscillatory, and the intraday view of crude oil (SC) is the same [1][5]. Price Movement and Data - On Thursday night, domestic and international crude oil futures prices maintained a moderately strong and oscillatory trend. The domestic crude oil futures 2509 contract closed slightly up 1.79% to 511.9 yuan per barrel [5].

消息人士：欧佩克+可能会讨论2027年的产油基准，并在本周同意7月增产。 订阅欧佩克动态 +订阅 ...

OPEC+本周可能讨论2027年的产油基准，并同意7月增产。 ...

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Report's Core View - The current supply - demand situation of various commodities is complex, with different trends and influencing factors for each commodity. For example, the pig market shows a pattern of strong supply and weak demand, sugar has a changing supply - demand balance both internationally and domestically, the oil market is affected by supply - side and demand - side factors, and PVC has issues with weak domestic demand and ongoing inventory reduction [1][2][4][7]. 3. Summary by Commodity Pig - **Day - to - day View**: Weak and stable [1] - **Medium - term View**: Wide - range oscillation [1] - **Reference Strategy**: Sell out - of - the - money put options [1] - **Core Logic**: Supply is abundant as the inventory of breeding sows has been high, and the pressure of supply is postponed. Demand has the potential to increase due to possible stockpiling by slaughterhouses. Currently, the pattern of strong supply and weak demand remains unchanged, and the pig price is likely to decline in the short term [1][2] Sugar - **Day - to - day View**: Reach the bottom and then rise [3] - **Medium - term View**: Rise first and then fall [3] - **Reference Strategy**: Cumulative purchase options [3] - **Core Logic**: Internationally, Brazil's new sugar - making season is expected to increase production, while India has a significant reduction. Domestically, the production increase expectation has been basically fulfilled, and the sales progress is good. The overall supply - demand is tight, and the sugar price is expected to fluctuate weakly [4][5] Crude Oil - **Day - to - day View**: Weak oscillation [6] - **Medium - term View**: Under pressure [6] - **Reference Strategy**: Sell futures contracts and buy call options for protection [6] - **Core Logic**: On the supply side, OPEC+ will increase production, and US sanctions may affect the supply of some countries. On the demand side, there is a seasonal increase in demand, but the refinery's operating rate is low. The overall oil price will be volatile, with potential for short - term increases but also a risk of decline in the second quarter [7][8][9] PVC - **Day - to - day View**: Weak operation [10] - **Medium - term View**: Lack of upward driving force [12] - **Reference Strategy**: Sell PVC out - of - the - money put options at an appropriate time [12] - **Core Logic**: The cost of calcium carbide is supported, supply has increased, domestic demand is weak, and inventory has been decreasing. The future price may be affected by macro - policies [10][11]