1. Report's Investment Rating for the Industry The document does not mention the investment rating for the industry. 2. Core Viewpoints of the Report - Through macro - fundamental and technical analysis, the report predicts the trend, resistance, and support levels of various futures contracts on January 19, 2026, and the overall trend in January 2026. Some futures are expected to reach new highs [1][2][4]. - It also presents a series of macro - news and their potential impacts on the futures market, such as policy changes and trade agreements [6][7]. 3. Summary by Relevant Catalogs 3.1 Futures Market Trend Forecast - **January 19, 2026 Forecast**: - **Stock Index Futures**: IF2603, IH2603, IC2603, and IM2603 are expected to oscillate and consolidate. Resistance and support levels are provided for each contract [2][21]. - **Treasury Bond Futures**: T2603 is likely to oscillate strongly, and TL2603 is expected to oscillate and consolidate [2][41][46]. - **Precious Metals Futures**: AU2604 and AG2604 are expected to oscillate strongly and may reach new highs. PT2606 and PD2606 are likely to oscillate strongly [2][48][52]. - **Base Metals Futures**: Some, like CU2603 and AL2603, are expected to oscillate strongly, while others, such as ZN2603 and NI2602, may oscillate weakly [2][67][73]. - **Other Commodity Futures**: Some futures, including JM2605 and FG605, are expected to oscillate strongly, and others, like RB2605 and I2605, may oscillate weakly [2][101][108]. - **January 2026 Forecast**: - Stock index futures (IF, IH, IC, IM continuous contracts) are expected to oscillate strongly. Some may reach new highs [4]. - Gold, silver, copper, and other futures continuous contracts are expected to oscillate strongly, with some reaching new highs [4][5]. 3.2 Macro - news and Their Impacts - **Domestic News**: - The State Council promotes consumption - boosting measures, and the SFC strengthens market regulation and promotes reform [6][7]. - The central bank adjusts the minimum down - payment ratio for commercial real estate loans and cuts re - loan and re - discount rates [7][8]. - The total social electricity consumption in China in 2025 exceeded 10 trillion kWh [9]. - **International News**: - Canada and China reach an economic and trade cooperation agreement, and the EU may impose tariffs on US goods [6][11]. - The US Federal Reserve officials express their views on interest rates and economic growth [10]. 3.3 Commodity Futures - related Information - The Shanghai Futures Exchange adjusts trading limits for silver and nickel futures contracts [13]. - The Shanghai International Energy Exchange Center revises the container shipping index (European line) futures standard contract [13]. - On January 16, international precious metal futures generally declined, while crude oil futures rose, and London base metals fell [13][14].

Report Industry Investment Rating There is no information provided regarding the report's industry investment rating. Core Viewpoints of the Report - On January 14, 2026, the main contracts of stock index futures IF2603, IH2603, IC2603, and IM2603 opened slightly higher. IC2603 and IM2603 reached new highs since their listing, with significant increases compared to IF2603 and IH2603 [2]. - Based on macro - fundamental and technical analyses, the main contracts of stock index futures are expected to show certain trends, resistance, and support levels today and in January 2026 [3]. - In 2025, China's foreign trade imports and exports reached 45.47 trillion yuan, a 3.8% increase. Exports were 26.99 trillion yuan, up 6.1%, and imports were 18.48 trillion yuan, up 0.5% [2][4]. - The World Bank raised the global economic growth forecast for 2026 to 2.6%, 0.2 percentage points higher than the previous prediction [9]. Summary by Relevant Catalogs 1. Market Conditions of Stock Index Futures - **January 14, 2026 Market Performance**: IF2603 and IH2603 oscillated upward, while IC2603 and IM2603 showed strong upward oscillations. IC2603 reached a new high of 8388.6 points since July 20, 2015, and IM2603 reached a new high of 8419.0 points since July 22, 2022 [2]. - **Today's Forecast**: IF2603 and IH2603 are expected to oscillate strongly. IC2603 and IM2603 are expected to oscillate strongly and reach new highs. Specific resistance and support levels are provided [3][11][12]. - **January 2026 Forecast**: The main continuous contracts of IF, IH, IC, and IM are expected to oscillate strongly, with specific resistance and support levels, and IM is expected to reach a new high since its listing [3][14][15]. 2. Macroeconomic and Stock Market News - **Foreign Trade in 2025**: China's foreign trade had five characteristics: record - high scale, diversified markets, high - quality exports, growing imports, and increased enterprise vitality. For example, high - tech product exports increased by 13.2%, and private enterprise imports and exports increased by 7.1% [6]. - **Policy Adjustment**: On January 14, 2026, the Shanghai, Shenzhen, and Beijing Stock Exchanges adjusted the margin ratio for margin trading from 80% to 100% to reduce leverage and protect investors' interests [7][8]. - **International News**: Trump threatened to impose tariffs on countries trading with Iran, canceled talks with Iranian officials, and the US considered military options. The investigation of Fed Chairman Powell continued, and the World Bank adjusted the global economic growth forecast [7][8][9]. - **Stock Market Performance**: On January 14, 2026, the A - share market rose unilaterally, with the Shanghai Composite Index rising over 1% approaching 4200 points, and the ChiNext Index rising over 2% [10].

Report Industry Investment Rating No relevant information provided. Core View of the Report Through macro - fundamental analysis and technical analysis using tools such as the golden section line, horizontal line, and daily moving average, the report predicts the market trends of various futures contracts on December 26, 2025, and the overall trends in December 2025. Some futures are expected to reach new highs since their listing [1][2]. Summary by Related Catalogs Futures Market Outlook - For December 23, 2025, the main contracts of stock index futures (IF2603, IH2603, IC2603, IM2603) are expected to have a strong - biased oscillation. Gold (AU2602), silver (AG2602), platinum (PT2606), copper (CU2602), and polysilicon (PS2605) are expected to reach new highs since their listing. Silver, platinum, palladium (PD2606), and polysilicon are expected to have a strong - biased oscillation, while gold, copper, nickel (NI2602), and soybean meal (M2605) are expected to have a strong - biased oscillation [2]. - For December 2025, the main continuous contracts of stock index futures are expected to have a strong - biased oscillation. Gold, silver, platinum, palladium, copper, and polysilicon are expected to reach new highs since their listing and have a strong - biased oscillation [5]. Macro News and Trading Tips - The Politburo of the CPC Central Committee studied and deployed the work of improving Party conduct, building a clean government, and combating corruption in 2026. The central bank continued to conduct MLF and outright reverse repurchase operations in December, releasing 300 billion yuan of medium - and long - term liquidity [6]. - The Ministry of Commerce opposed the US imposing 301 tariffs on Chinese semiconductor products. The public security departments of China, Myanmar, and Thailand carried out a new round of operations to crack down on gambling and fraud dens in Myanmar [6]. - The Ministry of Finance and eight other departments formulated and issued the guidelines for corporate climate information disclosure. On December 25, the offshore RMB against the US dollar rose above the "7" integer mark for the first time in 15 months [7]. Commodity Futures - Related Information - Most domestic commodity futures closed higher, with new energy materials leading the gains. The polysilicon futures rose 4.8%. Precious metal futures showed mixed trends, with platinum rising 4.51%, palladium falling 7.65%, silver rising 2.64%, and gold falling 0.39% [7]. - The Guangzhou Futures Exchange adjusted the minimum opening order quantity for platinum and palladium futures contracts and polysilicon futures contracts, and set a limit on the daily opening volume [8]. Futures Market Analysis and Outlook Stock Index Futures - On December 25, 2025, the main contracts of stock index futures (IF2603, IH2603, IC2603, IM2603) showed a small - scale upward trend. The A - share market continued to rise, with the Shanghai Composite Index recording seven consecutive positive days [9][10][11]. - It is expected that in December 2025, the main contracts of stock index futures (IF, IH, IC, IM) will have a strong - biased oscillation. On December 26, 2025, stock index futures are expected to have a strong - biased oscillation [11][12]. Gold Futures - On December 25, 2025, the main contract of gold futures (AU2602) fell. It is expected that in December 2025, the main continuous contract of gold futures will have a strong - biased wide - range oscillation and reach a new high since its listing. On December 26, 2025, the main contract of gold futures is expected to have a strong - biased oscillation and reach a new high since its listing [30]. Silver Futures - On December 25, 2025, the main contract of silver futures (AG2602) showed a mixed trend. It is expected that in December 2025, the main continuous contract of silver futures will have a strong - biased oscillation and reach a new high since its listing. On December 26, 2025, the main contract of silver futures is expected to have a strong - biased oscillation and reach a new high since its listing [33]. Platinum Futures - On December 25, 2025, the main contract of platinum futures (PT2606) rose. It is expected that in December 2025, the main continuous contract of platinum futures will have a strong - biased oscillation and reach a new high since its listing. On December 26, 2025, the main contract of platinum futures is expected to have a strong - biased oscillation and is likely to close at the daily limit [37]. Palladium Futures - On December 25, 2025, the main contract of palladium futures (PD2606) fell sharply. It is expected that in December 2025, the main continuous contract of palladium futures will have a strong - biased oscillation and reach a new high since its listing. On December 26, 2025, the main contract of palladium futures is expected to have a strong - biased oscillation [39]. Copper Futures - On December 25, 2025, the main contract of copper futures (CU2602) rose slightly. It is expected that in December 2025, the main continuous contract of copper futures will have a strong - biased oscillation and reach a new high since its listing. On December 26, 2025, the main contract of copper futures is expected to have a strong - biased oscillation and reach a new high since its listing [44]. Nickel Futures - On December 25, 2025, the main contract of nickel futures (NI2602) fell. It is expected that in December 2025, the main continuous contract of nickel futures will have a strong - biased oscillation. On December 26, 2025, the main contract of nickel futures is expected to have a strong - biased oscillation [50]. Tin Futures - On December 25, 2025, the main contract of tin futures (SN2602) fell. It is expected that in December 2025, the main continuous contract of tin futures will have a strong - biased oscillation. On December 26, 2025, the main contract of tin futures is expected to have a strong - biased oscillation [56]. Polysilicon Futures - On December 25, 2025, the main contract of polysilicon futures (PS2605) rose. It is expected that in December 2025, the main continuous contract of polysilicon futures will have a strong - biased oscillation and reach a new high since its listing. On December 26, 2025, the main contract of polysilicon futures is expected to have a strong - biased oscillation and reach a new high since its listing [60]. Lithium Carbonate Futures - On December 25, 2025, the main contract of lithium carbonate futures (LC2605) fell. It is expected that in December 2025, the main continuous contract of lithium carbonate futures will have a strong - biased oscillation. On December 26, 2025, the main contract of lithium carbonate futures is expected to have a wide - range oscillation [64]. Rebar Futures - On December 25, 2025, the main contract of rebar futures (RB2605) showed a small - scale downward trend. It is expected that in December 2025, the main contract of rebar futures will have a wide - range oscillation. On December 26, 2025, the main contract of rebar futures is expected to have a weak - biased oscillation [66]. Hot - Rolled Coil Futures - On December 25, 2025, the main contract of hot - rolled coil futures (HC2605) showed a small - scale downward trend. On December 26, 2025, the main contract of hot - rolled coil futures is expected to have a weak - biased oscillation [72]. Iron Ore Futures - On December 25, 2025, the main contract of iron ore futures (I2605) showed a small - scale downward trend. It is expected that in December 2025, the main contract of iron ore futures will have a wide - range oscillation. On December 26, 2025, the main contract of iron ore futures is expected to have a weak - biased oscillation [74]. Coking Coal Futures - On December 25, 2025, the main contract of coking coal futures (JM2605) showed a small - scale downward trend. It is expected that in December 2025, the main contract of coking coal futures will have a weak - wide - range oscillation. On December 26, 2025, the main contract of coking coal futures is expected to have a weak - biased oscillation [77][78]. PTA Futures - On December 25, 2025, the main contract of PTA futures (TA605) rose. On December 26, 2025, the main contract of PTA futures is expected to have a strong - biased oscillation [81]. PVC Futures - On December 25, 2025, the main contract of PVC futures (V2605) showed a small - scale downward trend. On December 26, 2025, the main contract of PVC futures is expected to have a weak - biased oscillation [83]. Soybean Meal Futures - On December 25, 2025, the main contract of soybean meal futures (M2605) rose. On December 26, 2025, the main contract of soybean meal futures is expected to have a strong - biased oscillation [85].

Report Industry Investment Rating No relevant content provided. Core Viewpoints Through macro - fundamental analysis and technical analysis using tools like the golden ratio line, horizontal line, and daily moving average, the report predicts the likely trends of today's futures main contracts. Specifically, stock index futures will fluctuate and consolidate; gold, silver, copper, glass, soda ash, crude oil, and PTA futures will weakly fluctuate; lithium carbonate and soybean meal futures will strongly fluctuate [2]. Summary by Related Catalogs 1. Macro Information and Trading Tips - The US Treasury Secretary threatened to impose tariffs on China if China continues to block rare - earth exports, and China's Foreign Ministry responded that dialogue and cooperation are the right approaches [8]. - China and the EU held export - control dialogue consultations in Brussels, aiming to promote the stability and smoothness of the industrial and supply chains [8]. - China's Ministry of Finance established a Debt Management Department to manage government debt and prevent risks, and emphasized not to increase implicit debt [8]. - China extended the visa - free policy for 45 countries until December 31, 2026, included Sweden in the visa - free list, and resumed group - tour services to Canada [8]. - China's National Immigration Administration announced 10 innovative measures to support high - quality development, covering multiple fields such as talent cross - border flow and customs clearance [9]. - Goldman Sachs' China research team raised its forecasts for China's export growth and real GDP growth, expecting China's exports to grow by 5 - 6% annually in the coming years and lifting the 2025 real GDP growth forecast from 4.9% to 5% [9]. - A Fed governor called for more aggressive interest - rate cuts, stating that the current policy is too restrictive [9]. - Another Fed governor said that each Fed meeting is a real - time decision on monetary policy, and there is a possibility of a rate cut in December depending on new information [9]. - The US Transportation Secretary said that the government might shut down the US aviation system if the federal government "shutdown" endangers aviation safety, and the US lacks 2000 - 3000 air traffic controllers [9]. - As of September, US companies' announced lay - offs approached 950,000, the highest level since 2020, with the government sector being the hardest - hit [10]. - The US October ISM manufacturing PMI was 48.7, contracting for the eighth consecutive month, and new orders declined for the second consecutive month [10]. - The eurozone's October manufacturing PMI was 50, with new orders stagnant and exports falling for four consecutive months, and German and French manufacturing PMIs remained in the contraction zone [10]. 2. Commodity Futures - Related Information - On November 3, international precious metals closed with mixed results. COMEX gold futures rose 0.43% to $4013.7 per ounce, and COMEX silver futures fell 0.52% to $47.91 per ounce [11]. - On November 3, US crude oil and Brent crude oil main contracts both rose slightly. OPEC+ decided to suspend the planned production increase in Q1 2026, and some institutions raised their oil - price forecasts [11]. - On November 3, London base metals showed mixed performance. LME zinc, aluminum, and lead rose, while tin, copper, and nickel declined [11]. - On November 3, the on - shore RMB against the US dollar closed down, and the central parity rate rose. The US dollar index rose, and most non - US currencies fell [12]. 3. Futures Market Analysis and Outlook Stock Index Futures - On November 3, the main contracts of CSI 300, SSE 50, CSI 500, and CSI 1000 stock index futures showed different trends, with overall weak rebounds. It is expected that in November 2025, these contracts will have wide - range fluctuations, and on November 4, they will fluctuate and consolidate [12][13][14][16][17]. Treasury Bond Futures - On November 3, the ten - year and thirty - year treasury bond futures main contracts showed different trends. It is expected that on November 4, both will strongly fluctuate [34][37]. Precious Metal Futures - On November 3, the gold and silver futures main contracts showed small - scale rebounds. It is expected that in November 2025, they will have wide - range fluctuations, and on November 4, they will weakly fluctuate [38][44]. Base Metal Futures - On November 3, copper, aluminum, zinc, and other base metal futures main contracts showed different trends. It is expected that in November 2025, copper, aluminum, and zinc will strongly fluctuate with wide ranges, and on November 4, copper will weakly fluctuate, and aluminum will have wide - range fluctuations, while zinc will strongly fluctuate [47][52][61]. Other Commodity Futures - On November 3, various commodity futures such as lithium carbonate, iron ore, and crude oil showed different trends. It is expected that in November 2025, lithium carbonate, iron ore, and other futures will strongly fluctuate with wide ranges, while glass, soda ash, and crude oil will weakly fluctuate with wide ranges. On November 4, lithium carbonate will strongly fluctuate, and glass, soda ash, and crude oil will weakly fluctuate [69][80][98].

Report Industry Investment Rating No information provided. Core View of the Report Through macro - fundamental and technical analysis, the report predicts the trend of various futures contracts on August 6, 2025, and also gives the expected trend of some futures in August 2025. It also provides macro - news, commodity - related information, and the performance of various futures on August 5, 2025 [2]. Summary by Relevant Catalogs 1. Futures Market Performance on August 5, 2025 - **Stock Index Futures**: IF2509, IH2509, IC2509, and IM2509 all showed a trend of opening slightly higher and rising, with varying degrees of increase [14][15]. - **Treasury Bond Futures**: Most treasury bond futures closed higher, with the 30 - year, 10 - year, and 5 - year contracts rising, and the 2 - year contract falling [37]. - **Commodity Futures**: Gold, silver, copper, aluminum, etc. showed different trends of rising or falling, with some showing weak rebounds and some showing downward pressure [42][48][52]. 2. Futures Market Forecast on August 6, 2025 - **Stock Index Futures**: Expected to be strongly volatile. For example, IF2509 has resistance levels at 4100 and 4122 points, and support levels at 4080 and 4060 points [2]. - **Treasury Bond Futures**: The 10 - year T2509 and 30 - year TL2509 are expected to be strongly volatile [2]. - **Commodity Futures**: Gold, silver, and polycrystalline silicon are expected to be strongly volatile; copper, aluminum, and other metals, as well as glass, soda ash, etc. are expected to be weakly volatile; industrial silicon and lithium carbonate are expected to have wide - range fluctuations [2][3]. 3. Futures Market Forecast in August 2025 - **Stock Index Futures**: IF, IH, IC, and IM are all expected to be strongly volatile [18][19]. - **Commodity Futures**: Gold and silver are expected to be strongly and widely volatile; copper, aluminum, and iron ore are expected to have wide - range fluctuations; rebar is expected to be weakly and widely volatile; crude oil is expected to have wide - range fluctuations [42][52][77][85]. 4. Macro - News - China is implementing a series of policies, including free pre - school education, financial support for new industrialization, and health - environment promotion [8]. - The US trade deficit has shrunk, and economic data such as the ISM non - manufacturing index are mixed; Japan may raise interest rates; the eurozone's comprehensive PMI has rebounded slightly [9][10][11]. 5. Commodity - Related Information - The China Chamber of Commerce for Import and Export of Machinery and Electronic Products has issued an initiative for the photovoltaic industry; the trading volume and turnover of the domestic futures market in July have increased significantly [11]. - On August 5, international oil prices fell, precious metals rose, and base metals showed mixed trends [12].

Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report Through macro - fundamental and technical analysis (including the use of the golden ratio line, horizontal line, and moving average), the report predicts the trend of today's (May 13, 2025) futures main contracts. It is expected that stock index futures will oscillate with a strong bias, while gold, silver, copper, coking coal, glass, and soda ash futures will oscillate with a weak bias. Rebar, iron ore, aluminum, tin, hot - rolled coil, soybean meal, cotton, and container shipping index (European line) futures will oscillate with a strong bias. Ten - year and thirty - year treasury bond futures will likely oscillate with a weak bias [2]. Summary by Related Catalogs 1. Macro News and Trading Tips - The joint statement of the China - US economic and trade high - level talks was released. Both sides agreed to significantly reduce bilateral tariff levels. The US cancelled 91% of the additional tariffs, and China cancelled 91% of the counter - tariffs accordingly. The US suspended the implementation of 24% of the "reciprocal tariffs", and China also suspended the implementation of 24% of the counter - tariffs. China also suspended or cancelled non - tariff counter - measures against the US. Both sides will establish a mechanism to continue consultations on economic and trade relations [7]. - China launched a special campaign to combat the smuggling of strategic minerals for export and will organize a series of actions in the near future. The meeting on strengthening the full - chain control of strategic mineral exports pointed out that export control of strategic minerals is crucial for national security and development interests [7]. - The Ministry of Commerce will work with relevant departments to provide more support for foreign - trade enterprises, help them expand markets, and promote the stable development of foreign trade [8]. - The State Council Information Office released China's first white paper on national security, demonstrating China's determination to safeguard national interests [8]. - The central bank and other departments issued the "30 Measures for Nansha Finance" to strengthen financial support for the construction of Nansha [8]. - US President Trump signed an executive order requiring pharmaceutical manufacturers to lower drug prices, but analysts believe it is difficult to implement [8]. - The Fed's governor Kugler believes that Trump's tariff policy may push up inflation and drag down economic growth. The European Central Bank is cautious about future interest - rate actions due to policy uncertainty [9]. - Japanese Prime Minister Ishiba Shigeru stated that Japan will not accept a preliminary trade agreement without automobile tariffs. The Japanese government is ready to take additional stimulus measures [9]. - Goldman Sachs adjusted the expected time of the Fed's next interest - rate cut to December and raised the forecast of the US economic growth rate in Q4 2025 [9]. 2. Commodity Futures Information - Most domestic commodity futures closed higher at night. Energy and chemical products generally rose, with styrene up 3.05%, butadiene rubber up 2.69%, etc. Some agricultural products and basic metals also had different trends [11]. - On May 12, international oil prices strengthened, with US crude oil up 1.54% and Brent crude up 1.63%. International precious - metal futures generally closed lower, and London's basic metals showed mixed trends. Chicago's agricultural - product futures also had different closing results [12]. - The National Food and Strategic Reserves Administration announced that the purchase of autumn grain in 2024 was completed, with a total purchase of 3.45 billion tons [13]. 3. Futures Market Analysis and Forecast Stock Index Futures - On May 12, the main contracts of stock index futures, such as IF2506, IH2506, IC2506, and IM2506, generally opened slightly higher, oscillated upward, and closed higher. On May 13, it is expected that stock index futures will oscillate with a strong bias, with specific resistance and support levels provided [13][19]. Treasury Bond Futures - On May 12, the main contracts of ten - year and thirty - year treasury bond futures opened lower, oscillated downward, and closed lower. On May 13, they are expected to oscillate with a weak bias and test support levels [38][43]. Gold Futures - On May 12, the main contract of gold futures opened slightly higher, oscillated downward, and closed lower. From May 6 to May 12, the continuous main contract of domestic gold futures rebounded but was blocked. On May 13, it is expected to oscillate with a weak bias and test support levels [43]. Silver Futures - On May 12, the main contract of silver futures opened slightly higher, oscillated upward, and closed higher. On May 13, the new main contract AG2508 is expected to oscillate with a weak bias and test support levels [51]. Copper Futures - On May 12, the main contract of copper futures opened slightly higher, oscillated upward, and closed higher. On May 13, it is expected to oscillate with a weak bias and test support levels [55]. Aluminum Futures - On May 12, the main contract of aluminum futures opened slightly higher, oscillated upward, and closed higher. On May 13, it is expected to oscillate with a strong bias, with specific resistance and support levels provided [59]. Alumina Futures - On May 12, the main contract of alumina futures opened slightly lower, oscillated upward, and closed higher. On May 13, it is expected to oscillate and consolidate, with specific resistance and support levels provided [63]. Zinc Futures - On May 12, the main contract of zinc futures opened slightly higher, oscillated upward, and closed higher. On May 13, it is expected to oscillate with a weak bias and test support levels [67]. Nickel Futures - On May 12, the main contract of nickel futures opened slightly higher, oscillated upward, and closed higher. On May 13, it is expected to oscillate with a weak bias and test support levels [75]. Tin Futures - On May 12, the main contract of tin futures opened slightly higher, oscillated upward, and closed higher. On May 13, it is expected to oscillate with a strong bias and attack resistance levels [80]. Rebar Futures - On May 12, the main contract of rebar futures opened slightly higher, oscillated upward, and closed higher. On May 13, it is expected to oscillate with a strong bias, with specific resistance and support levels provided [85]. Hot - Rolled Coil Futures - On May 12, the main contract of hot - rolled coil futures opened slightly higher, oscillated upward, and closed higher. On May 13, it is expected to oscillate with a strong bias, with specific resistance and support levels provided [89]. Iron Ore Futures - On May 12, the main contract of iron ore futures opened slightly higher, oscillated upward, and closed higher. On May 13, it is expected to oscillate with a strong bias, with specific resistance and support levels provided [92]. Coking Coal Futures - On May 12, the main contract of coking coal futures opened slightly lower, oscillated upward, and closed higher. On May 13, it is expected to oscillate with a weak bias and test support levels [96]. Glass Futures - On May 12, the main contract of glass futures opened flat, oscillated upward, and closed with a slight decline. On May 13, it is expected to oscillate with a weak bias and test support levels [98]. Soda Ash Futures - On May 12, the main contract of soda ash futures opened slightly lower, oscillated upward, and closed higher. On May 13, it is expected to oscillate with a weak bias and test support levels [101]. Soybean Meal Futures - On May 12, the main contract of soybean meal futures opened slightly higher, oscillated upward, and closed with a slight decline. On May 13, it is expected to oscillate with a strong bias and attack resistance levels [103]. Cotton Futures - On May 12, the main contract of cotton futures opened slightly lower, oscillated upward, and closed higher. On May 13, it is expected to oscillate with a strong bias and accumulate strength to attack resistance levels [104]. Container Shipping Index (European Line) Futures - On May 12, the main contract of the container shipping index (European line) futures opened with a gap up, oscillated upward, and closed at the daily limit. On May 13, it is expected to oscillate widely with a strong bias, with specific resistance and support levels provided [107].