Report Summary 1. Hot News - The US President Trump stated that the war against Iran would "soon" end but "not" this week. If Iran takes any action to block oil transportation through the Strait of Hormuz, the US will launch a "20 - fold more severe strike" against it. Israeli Prime Minister Netanyahu said that the action against Iran "has not ended". Iranian Deputy Foreign Minister Garib Abadi said that Iran's current priority is only "resolute defense" and "the end of the war is in Iran's hands" [2] - In the first two months of this year, China's total value of goods trade imports and exports was 7.73 trillion yuan, a year - on - year increase of 18.3%. Exports were 4.62 trillion yuan, up 19.2%; imports were 3.11 trillion yuan, up 17.1%. China's imports and exports to the US in the first two months were 609.71 billion yuan, a decrease of 16.9%, while those to ASEAN and the EU both increased by about 20% [2] - The exchanges took action again to prevent market risks. The Shanghai Futures Exchange and the Shanghai International Energy Exchange issued notices to adjust the price limit ranges and trading margin ratios of relevant contracts for crude oil, low - sulfur fuel oil, fuel oil, petroleum asphalt, and butadiene rubber futures [2] - From March 2nd to March 8th, 2026, the total iron ore inventory at seven major ports in Australia and Brazil was 1.3179 billion tons, a month - on - month increase of 396,000 tons. The inventory scale rebounded slightly, and the current inventory is at the second - highest level since the beginning of the year [2] - According to the China Cotton Information Network, based on the spring sowing intention survey, the cotton - planting policy direction in Xinjiang is clear, but implementation measures vary by region. The cotton - planting area for the new year will be slightly reduced month - on - month. The total output calculated based on the three - year average yield per unit area will slightly decrease. The national total output will decrease by 40,000 tons to 7.24 million tons. The annual total supply will decrease by 9 tons to 1,480 tons. The total demand will increase by 70,000 tons to 885,000 tons. The ending inventory for this year will decrease by 160,000 tons to 595,000 tons [3] 2. Key Focus - The key focus includes urea, lithium carbonate, platinum, crude oil, and plastic [4] 3. Night - session Performance - The night - session performance of different commodity sectors shows that the non - metallic building materials sector rose by 2.24%, the precious metals sector by 30.75%, the oilseeds and oils sector by 7.39%, the soft commodities sector by 2.53%, the non - ferrous metals sector by 24.61%, the coal, coke, steel, and ore sector by 8.80%, the energy sector by 7.16%, the chemical sector by 12.84%, the grain sector by 1.04%, and the agricultural and sideline products sector by 2.64% [4] 4. Category Asset Performance | Category | Name | Daily % Change | Monthly % Change | Year - to - date % Change | | --- | --- | --- | --- | --- | | Equity | Shanghai Composite Index, SSE 50, CSI 300 | 0.65, 0.64, 1.28 | - 0.95, - 1.89, - 0.76 | 3.89, - 1.63, 0.97 | | | CSI 500 | 1.58 | - 2.87 | 12.65 | | | S&P 500 | - 0.21 | - 1.42 | - 0.94 | | | Hang Seng Index | 2.17 | - 2.52 | 1.29 | | | German DAX | 2.39 | - 5.20 | - 2.13 | | | Nikkei 225 | 2.88 | - 7.82 | 7.77 | | | FTSE 100 | 1.59 | - 4.57 | 4.84 | | Fixed - income | 10 - year Treasury bond futures | - 0.00 | - 0.08 | 0.41 | | | 5 - year Treasury bond futures | - 0.00 | - 0.03 | 0.20 | | | 2 - year Treasury bond futures | 0.01 | 0.00 | 0.01 | | Commodity | CRB Commodity Index | - 2.48 | 11.31 | 16.48 | | | WTI Crude Oil | 0.00 | 27.18 | 48.70 | | | London Spot Gold | 0.98 | - 1.67 | 20.19 | | | LME Copper | 0.00 | - 2.84 | 3.38 | | | Wind Commodity Index | 1.73 | - 3.31 | 17.43 | | Other | US Dollar Index | 0.23 | 1.33 | 0.69 | | | CBOE Volatility Index | 0.00 | 28.40 | 70.57 | [6]

Group 1 - The spot silver price has turned positive after initially dropping below $80 per ounce, currently reported at $85.886 per ounce, reflecting a 0.74% increase [1] - The previous closing price for silver was $85.259, with an opening price of $80.982, indicating a significant fluctuation in the market [2] - The highest price recorded during the trading session was $87.920, while the lowest was $78.495, showcasing volatility in silver prices [2] Group 2 - Recent easing tensions regarding Iran have emerged as a key factor influencing commodity prices, including silver [3] - U.S. President Trump expressed a desire to reach an agreement concerning Iran, which may stabilize market conditions [3] - Iran's Foreign Minister indicated that negotiations with regional partners are progressing, potentially leading to a fair agreement with the U.S., which could further impact commodity markets [3]

Group 1 - The article discusses a live streaming session focused on futures trading, emphasizing the use of active indicators and real-time order flow to analyze market sentiment and commodity trends [1] - It highlights the expertise of a nine-year trading veteran and founder of "Boundary Theory," who will teach participants how to utilize unique features like active unilateral indicators and capital bombs [1] - The session aims to provide insights into the black commodity sector and practical trading strategies for participants [1]

Core Viewpoint - The article discusses the recent decline in gold prices due to a decrease in risk aversion, while also highlighting the analysis of market trends for gold and other popular futures by a senior futures researcher [1] Group 1 - Risk aversion has diminished, leading to fluctuations and a downward trend in gold prices [1] - The senior researcher, Leo, is providing insights into the market conditions for gold and other commodities [1] - The live session aims to analyze the fundamental aspects of these commodities and their future trends [1]

Core Viewpoint - The U.S. court has halted presidential tariffs, leading to a decrease in safe-haven sentiment for gold, prompting analysis of how the futures market will respond [1] Group 1: Market Analysis - The halt of tariffs by the U.S. court is expected to impact the futures market, particularly in commodities like gold and oil [1] - The live analysis by a senior futures researcher focuses on market trends and the fundamental aspects of various popular futures products [1] Group 2: Commodity Insights - Insights into the future trends of commodities, including gold and oil, are being provided in the live session [1] - The current market sentiment surrounding gold is influenced by the recent legal developments regarding tariffs [1]

Core Viewpoint - The Federal Reserve's interest rate cuts appear to be a distant prospect, leading to a mixed market sentiment regarding the future direction of commodity futures [1] Group 1 - The live broadcast features insights from a senior futures researcher, Leo, who is analyzing market trends for gold, oil, and other popular futures [1] - The discussion includes an examination of the fundamental aspects of these commodities and their future price movements [1]

Core Viewpoint - The article discusses the weaker-than-expected results of the U.S. Treasury auction and its potential impact on gold prices, suggesting that bullish sentiment in the gold market may strengthen as a result [1] Group 1 - The U.S. Treasury auction results were below expectations, indicating potential concerns in the bond market [1] - The gold market is experiencing renewed bullish activity, possibly driven by the recent auction results [1] - The article features insights from a senior futures researcher, Leo, who is analyzing market trends and the fundamentals of various commodities [1]

Core Viewpoint - The upcoming release of the US Consumer Price Index (CPI) is anticipated to impact the gold market and other futures, with a focus on potential trading opportunities in the futures market [1] Group 1 - The live analysis will be conducted by a senior futures researcher, Leo, who will provide insights into the current market trends for gold and other popular futures [1] - The session aims to explore the fundamental aspects of these commodities and their future price movements [1]

Core Viewpoint - The expectation of easing U.S. tariffs has led to a continued pullback in gold prices, prompting analysis of future market performance in commodities [1] Group 1 - The live analysis session will focus on the current market trends for gold and other popular futures [1] - The session will provide insights into the fundamental aspects of these commodities and their future trajectories [1]