1. Report Industry Investment Rating No information provided in the report. 2. Core Viewpoints of the Report - Through macro - fundamental and technical analysis, the report predicts the trend of various futures contracts in March 2026 and on March 31, 2026. Index futures are expected to be weakly volatile, while lithium carbonate, crude oil, fuel oil, asphalt, polypropylene, styrene, and ethylene glycol futures are expected to be strongly volatile [1][2]. - The report also analyzes the impact of macro - news and market conditions on the futures market, such as the geopolitical situation in the Middle East, Fed's interest - rate policies, and domestic and international economic policies [5][6][7]. 3. Summary by Relevant Catalogs 3.1 Futures Market Overview - On March 30, 2026, the A - share market bottomed out and rebounded, with the non - ferrous metal sector surging and power stocks slumping. The Shanghai Composite Index rose 0.24%, while the Shenzhen Component Index fell 0.25%, and the ChiNext Index fell 0.68%. The Hong Kong Hang Seng Index fell 0.81%, and the Hang Seng Tech Index hit a new low since early April last year [14]. - The U.S. three major stock indexes closed mixed on March 30, 2026. The Dow Jones Industrial Average rose 0.11%, the S&P 500 Index fell 0.39%, and the Nasdaq Composite Index fell 0.73%. European three major stock indexes closed up across the board [15]. 3.2 Macro - news - The G7 energy ministers, finance ministers, and central bank governors held a meeting to assess the impact of the Middle East situation on the energy market, global economy, and financial stability, and were prepared to take coordinated actions if necessary [9]. - The U.S. and Iran's negotiation progress was volatile, and the Fed's interest - rate cut expectations and policy uncertainties increased, which affected the market sentiment [15]. 3.3 Futures Contracts Analysis 3.3.1 Index Futures - On March 30, 2026, the four major index futures contracts (IF2606, IH2606, IC2606, IM2606) generally showed a weakly volatile trend. In March 2026, they are expected to be weakly volatile, and on March 31, 2026, they are likely to continue this trend [11][12][13][15][16]. 3.3.2 Precious Metal Futures - Gold futures: On March 30, 2026, the gold futures main contract AU2606 oscillated upward. In March 2026, it is expected to be weakly volatile, and on March 31, 2026, it is likely to oscillate and consolidate [30]. - Silver futures: On March 30, 2026, the silver futures main contract AG2606 oscillated upward. In March 2026, it is expected to be weakly volatile, and on March 31, 2026, it is likely to oscillate and consolidate [38]. 3.3.3 Base Metal Futures - Copper futures: On March 30, 2026, the copper futures main contract CU2605 was weakly volatile. In March 2026, it is expected to be weakly volatile, and on March 31, 2026, it is likely to be weakly volatile [42]. - Aluminum futures: On March 30, 2026, the aluminum futures main contract AL2605 oscillated upward strongly. In March 2026, it is expected to have a wide - range oscillation, and on March 31, 2026, it is likely to oscillate and consolidate [46]. - Tin futures: On March 30, 2026, the tin futures main contract SN2605 oscillated upward strongly. In March 2026, it is expected to be weakly volatile, and on March 31, 2026, it is likely to oscillate and consolidate [51]. 3.3.4 Energy and Chemical Futures - Crude oil futures: On March 30, 2026, the crude oil futures main contract SC2605 oscillated upward strongly. In March 2026, it is expected to be strongly volatile and may hit a new high since listing, and on March 31, 2026, it is likely to be strongly volatile [85]. - Fuel oil futures: On March 30, 2026, the fuel oil futures main contract FU2605 oscillated upward strongly. In March 2026, it is expected to be strongly volatile and may hit a new high since listing, and on March 31, 2026, it is likely to be strongly volatile [90]. - Asphalt futures: On March 30, 2026, the asphalt futures main contract BU2606 was weakly volatile. In March 2026, it is expected to be strongly volatile, and on March 31, 2026, it is likely to be strongly volatile [94]. - Polypropylene, linear low - density polyethylene, PTA, PVC, methanol, ethylene glycol, etc.: These futures contracts have different trends on March 30, 2026, and are generally expected to be strongly volatile in March 2026 and have corresponding trends on March 31, 2026 [99][103][112][117][121][126]. 3.3.5 Agricultural Futures - Palm oil futures: On March 30, 2026, the palm oil futures main contract P2605 oscillated upward. On March 31, 2026, it is likely to be strongly volatile [130].

Report Industry Investment Rating No relevant information provided. Core View of the Report Based on macro - fundamental and technical analysis, the report predicts the trend, resistance, and support levels of various futures contracts in March 2026 and on March 27, 2026 [2]. Summary by Directory 1. Futures Market Outlook - **Futures Contracts Outlook in March 2026**: - **Stock Index Futures**: IF2606, IH2606, IC2606, and IM2606 are expected to be weak and volatile, with specific resistance and support levels [2]. - **Precious Metals Futures**: Gold, silver, platinum, and palladium futures are expected to be weak and volatile, with corresponding resistance and support levels [2]. - **Base Metals Futures**: Copper, aluminum, nickel, tin, etc. futures have different trends, with some being weak and volatile, and some having a wide - range of fluctuations, along with their respective resistance and support levels [2]. - **Energy Futures**: Crude oil, fuel oil, etc. are expected to be strong and have a wide - range of fluctuations, and are likely to hit new highs [2]. - **Other Commodity Futures**: Such as alumina, iron ore, etc., have different trends and corresponding resistance and support levels [2]. - **Futures Contracts Outlook on March 27, 2026**: - Stock index futures are likely to be weak and volatile, with specific resistance and support levels for each contract [17]. - Gold, silver, copper, and other futures are also expected to have corresponding trends and levels [32][38][45]. 2. Macro News and Trading Tips - **Diplomatic News**: Chinese Foreign Minister Wang Yi discussed the Middle - East situation and the Iranian nuclear issue with Canadian Foreign Minister Anand; Chinese Commerce Minister Wang Wentao met with Dutch Minister of Foreign Trade and Development Cooperation Schertzma to discuss economic and trade cooperation [5]. - **Domestic Policy News**: The State Administration for Market Regulation emphasized strengthening anti - monopoly supervision and law enforcement and enterprise compliance guidance [5]. - **International News**: US President Trump announced a state visit to China; the US postponed the strike on Iranian energy facilities; the US is formulating military options against Iran; Iran responded to the US cease - fire proposal; Iranian President Pezeshkian expressed the desire to end the war; the OECD released an economic outlook report [5][6][8]. - **Economic Data**: The US initial jobless claims increased by 5,000 to 210,000 last week, and the continued jobless claims decreased by 32,000 to 1.819 million [8]. 3. Commodity Futures - related Information - **Exchange Policy**: The Shanghai International Energy Exchange issued a notice on trading limits and margin ratios for the EC2703 contract of the container shipping index (European line) futures [9]. - **Futures Price Movements**: International precious metal futures generally fell; US oil and Brent oil futures rose; London base metals mostly fell; Iraqi oil production decreased due to the blockade of the Strait of Hormuz; the Turkish central bank sold gold [9][10][11]. 4. Futures Market Analysis and Outlook - **Stock Index Futures on March 26**: The main contracts of CSI 300, SSE 50, CSI 500, and CSI 1000 index futures all showed a downward trend, with increased short - term downward pressure [13][14]. - **Stock Market on March 26**: A - shares, the Hong Kong stock market, US stocks, and European stocks all closed down [14][15][16]. - **Analysis of Various Futures Contracts**: Each futures contract's performance on March 26 and the expected trends in March 2026 and on March 27, 2026 are analyzed, including gold, silver, copper, and other futures [32][38][44].

Report Industry Investment Rating - Not provided in the given content Core Viewpoint of the Report - The previous trading day saw the Shanghai zinc futures show a volatile rebound, closing with a positive line, an increase in trading volume, and both long and short positions increasing, with the short positions increasing more. Overall, it was a volume - driven rebound. The price rebounded with long positions slowly entering the market, while short positions actively suppressed. The market may experience short - term volatile consolidation. Technically, the price closed below the long - term moving average with weak support from the moving average. The short - term KDJ indicator rose and operated in the weak area. The trend indicator rose, with the long - position strength increasing and the short - position strength decreasing, and the dominance of the short - position strength narrowing. The operation suggestion is that the Shanghai zinc ZN2605 will experience volatile consolidation [19]. Summary by Relevant Catalogs 1. Fundamental Information - In November 2025, global zinc plate production was 1.197 million tons, consumption was 1.168 million tons, with a supply surplus of 29,000 tons. From January to November, global zinc plate production was 12.7561 million tons, consumption was 13.1065 million tons, with a supply shortage of 350,400 tons. In November, global zinc ore production was 1.069 million tons, and from January to November, it was 12.1419 million tons [2]. 2. Basis - The spot price was 22,890, and the basis was +180 [2]. 3. Inventory - On March 26, the LME zinc inventory decreased by 825 tons to 115,650 tons compared to the previous day, and the SHFE zinc inventory warrants decreased by 1,078 tons to 97,392 tons compared to the previous day [2]. 4. Market Trends - The previous trading day, Shanghai zinc showed a volatile rebound, closing below the 20 - day moving average, and the 20 - day moving average was downward [2]. 5. Main Positions - The main positions were net long, and the long positions decreased [2]. 6. Futures Exchange Zinc Futures Quotes on March 26 - The trading volume of zinc futures on March 26 was 145,087 lots, and the total open interest was 181,937 lots, with a decrease of 3,856 lots [3]. 7. Domestic Main Spot Market Quotes on March 26 - The domestic zinc concentrate spot TC was 1,500 yuan/metal ton, and the comprehensive TC for imported zinc concentrate was 20 US dollars/dry ton. The price of 0 zinc in Shanghai was 22,840 - 22,940 yuan/ton, in Guangdong was 22,830 - 22,930 yuan/ton, in Tianjin was 22,795 - 22,895 yuan/ton, and in Zhejiang was 22,825 - 22,925 yuan/ton [4]. 8. National Main Market Zinc Ingot Inventory Statistics (2025/3/16 - 2026/3/26) - As of March 26, 2026, the total inventory of zinc ingots in the main domestic markets was 214,400 tons, a decrease of 146,000 tons compared to March 19 and a decrease of 51,000 tons compared to March 23 [5]. 9. Futures Exchange Zinc Warrant Report on March 26 - The total zinc warrants on the SHFE on March 26 were 97,392 tons, a decrease of 1,078 tons compared to the previous day [6]. 10. LME Zinc Inventory Distribution and Statistics on March 26 - The total LME zinc inventory on March 26 was 115,650 tons, a decrease of 825 tons compared to the previous day [8]. 11. National Main City Zinc Concentrate Price Summary on March 26 - Not provided in detail, only the title is given [10]. 12. National Market Zinc Ingot Smelter Price Quotes on March 26 - The prices of 0 zinc from different smelters decreased by 80 yuan/ton [13]. 13. Domestic Refined Zinc Production in February 2026 - The production in February 2026 was 470,900 tons, a month - on - month decrease of 1.72% and a year - on - year increase of 10.01%. The planned production in March was 490,200 tons [15]. 14. Zinc Concentrate Processing Fee Quotes on March 26 - The domestic zinc concentrate processing fee for 50% grade was generally 1,400 - 1,600 yuan/metal ton, and the imported zinc concentrate processing fee for 48% grade was 10 - 30 US dollars/dry ton [17]. 15. Shanghai Futures Exchange Member Zinc Trading and Position Ranking on March 26 - The total trading volume of members was 144,805 lots, an increase of 2,074 lots. The total long positions were 68,856 lots, an increase of 641 lots, and the total short positions were 70,600 lots, an increase of 1,948 lots [18].

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - Through macro - fundamental and technical analysis, the report predicts the trends, resistance levels, and support levels of various futures contracts in March 2026, including stock index futures, precious metals futures, base metals futures, energy futures, and chemical futures [2]. - The report also provides the market performance of various futures contracts on March 24, 2026, and predicts the market trends on March 25, 2026 [11][30][33]. 3. Summary by Related Catalogs 3.1 Futures Market Outlook - **Stock Index Futures**: The IF2606, IH2606, IC2606, and IM2606 contracts are expected to be weak and volatile in March 2026, with specific resistance and support levels provided. On March 25, they are likely to be in a consolidation phase [2][15][16]. - **Precious Metals Futures**: Gold and silver futures are expected to be weak and volatile in March 2026. On March 25, the AU2606 and AG2606 contracts are likely to be strong and volatile [2][30][33]. - **Base Metals Futures**: Copper, aluminum, nickel, tin, and other base metals futures are expected to be weak and volatile in March 2026. Alumina futures are expected to be strong and volatile [2][38][44]. - **Energy Futures**: Crude oil, fuel oil, and asphalt futures are expected to be strong and volatile in March 2026 and are likely to reach new highs. On March 25, they are likely to be weak and volatile [2][68][73][76]. - **Chemical Futures**: Linear low - density polyethylene, polypropylene, PTA, PVC, and methanol futures are expected to be strong and volatile in March 2026. On March 25, they are likely to be weak and volatile [2][82][86][90]. 3.2 Macro News and Trading Tips - Diplomatic events include China's diplomatic communication with Iran and Japan, and China - US economic and trade exchanges [5]. - Central bank operations: The central bank will conduct 500 billion yuan of MLF operations on March 25, with a net withdrawal of 250 billion yuan of medium - term liquidity in March [5]. - International events: The US has proposed a 15 - item plan to end the conflict with Iran, and the US president has made statements about the Iran issue. US and European economic data show different trends [6][7][8]. 3.3 Commodity Futures - Related Information - Oil prices: US API crude oil inventory increased more than expected, putting pressure on oil prices. The main contracts of US oil and Brent oil showed different trends [9]. - Precious metals: International precious metal futures generally rose, supported by factors such as geopolitical uncertainty and the expected slowdown of the US dollar [9]. - Base metals: Most London base metals fell, with only LME aluminum rising [10]. - Shipping and trade: Iran has started charging tolls on some merchant ships passing through the Strait of Hormuz, and the EU has postponed the proposal to permanently ban the import of Russian oil [10]. - Exchange rates: The on - shore and offshore RMB exchange rates against the US dollar showed different trends, and the US dollar index rose slightly [10][11]. 3.4 Futures Market Analysis and Outlook - **Stock Index Futures**: On March 24, the main contracts of stock index futures showed a trend of opening higher, rising and then falling, and finally rebounding. The A - share market rebounded strongly, and the Hong Kong stock market also rebounded significantly. US and European stock markets showed different trends [11][13][14][15]. - **Precious Metals Futures**: On March 24, the main contracts of gold and silver futures showed different trends of opening higher and then fluctuating. They are expected to be weak and volatile in March 2026 and strong and volatile on March 25 [30][33]. - **Base Metals Futures**: On March 24, the main contracts of copper, alumina, and other base metals futures showed different trends of opening higher or lower and then fluctuating. Their trends in March 2026 and on March 25 are predicted [38][44]. - **Energy Futures**: On March 24, the main contracts of crude oil, fuel oil, and asphalt futures showed a trend of opening lower and then falling significantly. They are expected to be strong and volatile in March 2026 and weak and volatile on March 25 [68][73][76]. - **Chemical Futures**: On March 24, the main contracts of linear low - density polyethylene, polypropylene, and other chemical futures showed a trend of opening lower and then falling significantly. They are expected to be strong and volatile in March 2026 and weak and volatile on March 25 [82][86][90].

1. Report Industry Investment Rating The report does not provide an overall industry investment rating. 2. Core Viewpoints The report analyzes the market trends of various futures products based on the Yulong indicator quantitative model. It assesses the price trends of different commodities in different sectors, including black series, non - ferrous metals, precious metals, energy, chemicals, agricultural products, and stock index futures. The analysis combines technical indicators and fundamental factors to provide insights into the potential investment opportunities and risks of each product [4][6][9]. 3. Summary by Directory 3.1 Market Overall Condition Analysis - There are 24 rising - trend varieties, accounting for 45.3%; 16 falling - trend varieties, accounting for 30.2%; and 13 range - oscillating varieties, accounting for 24.5%. The average star rating is 3.1 stars [3]. - Trend judgment is based on the Yulong indicator system, using the relative position and operating characteristics of daily - level prices relative to the dragon track line as the judgment benchmark [4]. 3.2 Rise - Fall Trend Classification Matrix | Plate | Rising Camp | Oscillating Camp | Falling Camp | | --- | --- | --- | --- | | Black Series | Rebar, Hot - rolled coil, Iron ore, Coke, Coking coal, Ferrosilicon | Manganese silicon | - | | Non - ferrous Metals | Stainless steel | Alumina | Shanghai copper, Shanghai aluminum, Shanghai zinc, Shanghai nickel, Shanghai tin, Cast aluminum | | Precious Metals/New Energy/Europe Line | Europe Line | Industrial silicon, Lithium carbonate | Gold, Silver, Platinum, Polysilicon | | Chemicals | Styrene, Plastic, PP, Caustic soda, Methanol, Synthetic rubber, Soda ash, Glass | - | Rubber | | Crude Oil Industry Chain | Crude oil, Liquefied gas | Fuel oil, Low - sulfur fuel oil, Asphalt | - | | Agricultural Products | Soybean oil, Rapeseed oil, Palm oil, Corn, Eggs, Cotton | Soybean No.1, Soybean No.2, Soybean meal, Rapeseed meal, Apple, Jujube | Live pigs | | Stock Index Futures | - | - | IF, IH, IC, IM | [5] 3.3 Analysis of Each Plate 3.3.1 Black Series Plate - Average star rating: 3.0; Rising: 6; Falling: 0; Oscillating: 1. - Rebar: 4 - star, upward trend but with insufficient momentum and large deviation rate, pay attention to callback risks. Cost support from factors like geopolitical conflicts and tight iron ore inventory, but high inventory and limited profit margins restrict the upward space [6][12][13]. - Coking coal: 4 - star, short - term bullish but need to observe sustainability, pay attention to volatility risks. Similar cost - support and inventory - related factors as rebar [7][12][13]. - Iron ore: 3 - star, short - term may oscillate, upward trend with insufficient momentum. Cost support from high - priced crude oil and fuel shortage, but new capacity in the medium - long term may lead to a looser market [14][15]. - Ferrosilicon: 3 - star, upward trend but short - term consolidation, pay attention to risk control. Cost support from factors like manganese ore price increase, but weak demand from steel mills [15][16]. - Manganese silicon: 3 - star, oscillating, balanced long - and short - term forces, pay attention to volatility risks. Similar cost - support and demand - related factors as ferrosilicon [16]. - Coke: 1 - star, bullish oscillation, be cautious. Short - term oversupply of coking coal, and the profitability of downstream steel products affects the iron - making production [16]. 3.3.2 Non - ferrous Metals Plate - Shanghai copper: 4 - star, bearish oscillation, pay attention to volatility risks. Macro - tightening and weak industry reality lead to a weak short - term pattern, and long - term attention should be paid to macro - expectations and industry supply - demand [9]. - Shanghai zinc: 4 - star, bearish oscillation, pay attention to volatility risks. Low - end price support from downstream purchases, but supply pressure from domestic smelting and delayed demand recovery [10]. - Shanghai tin: 4 - star, bearish oscillation, pay attention to rebound risks. Suppressed by macro - panic and fundamentals, but long - term price center may move up [17]. - Shanghai aluminum: 3 - star, short - term may oscillate weakly, pay attention to volatility. Affected by geopolitical and economic factors [18][19]. - Shanghai nickel: 3 - star, short - term may oscillate weakly, downward trend with insufficient momentum, be cautious. Affected by macro - factors and supply - demand in the new energy and stainless - steel industries [19]. - Stainless steel: 3 - star, short - term bullish but need to observe sustainability, be cautious. Affected by macro - factors and supply - demand in the new energy and stainless - steel industries [21]. - Cast aluminum: 3 - star, short - term may oscillate weakly, pay attention to volatility. Strong support from raw material shortage and policy [22]. - Alumina: 2 - star, multi - and short - term directions to be confirmed, pay attention to wide - range oscillation risks. Supply - demand is complex, with new capacity and cost factors [22]. 3.3.3 Precious Metals/New Energy/Europe Line Plate - Average star rating: 3.4; Rising: 1; Falling: 4; Oscillating: 2. - Europe Line: 4 - star, bullish oscillation, pay attention to high - level fall risks. Market in high - level wide - range oscillation, with both bullish and bearish factors [24]. - Silver: 4 - star, short - term bearish but need to observe sustainability, pay attention to volatility risks. Affected by factors such as Fed's interest - rate policy and geopolitical conflicts [24]. - Platinum: 4 - star, downward trend with insufficient momentum, pay attention to rebound risks. Affected by geopolitical conflicts and Fed's monetary policy [26]. - Gold: 3 - star, short - term bearish but need to observe sustainability, pay attention to risk control. Similar factors as silver [26]. - Industrial silicon: 3 - star, balanced long - and short - term forces, oscillating, pay attention to volatility risks. In a weak supply - demand pattern [27]. - Lithium carbonate: 3 - star, multi - and short - term directions to be confirmed, pay attention to wide - range oscillation risks. Supply is loose, and demand is mainly for rigid needs [28]. - Polysilicon: 3 - star, short - term may oscillate weakly, downward trend with insufficient momentum, be cautious. In a weak supply - demand pattern [29]. 3.3.4 Chemicals Plate - Average star rating: 3.7; Rising: 8; Falling: 1; Oscillating: 0. - Soda ash: 5 - star, bullish oscillation, pay attention to high - level fall risks. High daily production, stable but weak rigid demand, and inventory situation affects the price [31]. - Styrene: 4 - star, bullish oscillation, pay attention to high - level fall risks. Cost support from geopolitical conflicts and supply reduction risks [31]. - Plastic: 4 - star, upward trend with insufficient momentum, pay attention to high - level fall risks. Affected by the Middle - East situation [32]. - PP: 4 - star, short - term bullish but need to observe sustainability, pay attention to high - level fall risks. Supported by fundamentals and geopolitical risks [33]. - Rubber: 4 - star, short - term bearish but need to observe sustainability, pay attention to oversold rebound risks. Affected by energy cost and macro - sentiment [33]. - Synthetic rubber: 4 - star, upward trend with insufficient momentum, pay attention to volatility risks. Similar factors as rubber [34]. - Methanol: 3 - star, upward trend but short - term consolidation, pay attention to volatility. Affected by geopolitical factors and supply - demand [34]. - Glass: 3 - star, short - term bullish but need to observe sustainability, pay attention to risk control. Affected by supply - demand and cost factors [35]. - Caustic soda: 2 - star, upward trend with insufficient momentum, be cautious. Supply is tightening, and demand is improving [36]. 3.3.5 Crude Oil Industry Chain Plate - Average star rating: 2.8; Rising: 2; Falling: 0; Oscillating: 3. - Crude oil: 4 - star, bullish oscillation, pay attention to volatility risks. Driven by geopolitical conflicts and supply - demand tensions [37]. - Fuel oil: 3 - star, balanced long - and short - term forces, oscillating, pay attention to breakthrough direction. Affected by geopolitical conflicts and supply - demand in the fuel - oil market [38]. - Low - sulfur fuel oil: 3 - star, waiting for breakthrough signal, pay attention to breakthrough direction. Similar factors as fuel oil [39]. - Asphalt: 3 - star, waiting for breakthrough signal, pay attention to wide - range oscillation risks. Affected by geopolitical factors and crude - oil price [39]. - Liquefied gas: 1 - star, bullish oscillation, pay attention to risk control. Driven by capital sentiment, with limited fundamental support [40]. 3.3.6 Agricultural Products Plate - Average star rating: 2.4; Rising: 6; Falling: 1; Oscillating: 6. - Palm oil: 4 - star, short - term bullish but need to observe sustainability, pay attention to volatility risks. Affected by crude - oil price and bio - fuel policies [41]. - Eggs: 4 - star, short - term bullish but need to observe sustainability, large deviation rate, pay attention to callback risks. Affected by supply - demand and cost factors [42]. - Live pigs: 3 - star, bearish oscillation, pay attention to volatility. In a complex supply - demand and policy - game situation [44]. - Cotton: 3 - star, upward trend with insufficient momentum, pay attention to volatility. Affected by geopolitical factors and supply - demand in the cotton market [45]. - Apple: 3 - star, multi - and short - term directions to be confirmed, pay attention to wide - range oscillation risks. Affected by market supply - demand and inventory factors [45]. - Jujube: 3 - star, multi - and short - term directions to be confirmed, pay attention to breakthrough direction. Weak demand and supply - demand pattern [46]. - Soybean No.1: 2 - star, waiting for breakthrough signal, pay attention to volatility risks. Affected by international trade and supply - demand in the soybean market [46]. - Soybean No.2: 2 - star, balanced long - and short - term forces, oscillating, pay attention to breakthrough direction. Similar factors as soybean No.1 [47]. - Soybean meal: 2 - star, waiting for breakthrough signal, pay attention to breakthrough direction. Similar factors as soybean No.1 [48]. - Rapeseed meal: 2 - star, multi - and short - term directions to be confirmed, pay attention to breakthrough direction. Similar factors as soybean No.1 [48]. - Soybean oil: 1 - star, upward trend with insufficient momentum, pay attention to risk control. Affected by crude - oil price and bio - fuel policies [49]. - Rapeseed oil: 1 - star, bullish oscillation, pay attention to risk control. Similar factors as soybean oil [49]. - Corn: 1 - star, bullish oscillation, be cautious. Affected by crude - oil price and bio - fuel policies [49]. 3.3.7 Stock Index Futures Plate - Average star rating: 3.8; Rising: 0; Falling: 4; Oscillating: 0. - IH: 4 - star, downward trend with insufficient momentum, pay attention to volatility risks. Affected by external disturbances and market sentiment, but long - term support from domestic policies [50][51]. - IC: 4 - star, short - term bearish but need to observe sustainability, pay attention to rebound risks. Similar factors as IH [52][53]. - IM: 4 - star, downward trend with insufficient momentum, pay attention to oversold rebound risks. Similar factors as IH [53]. - IF: 3 - star, bearish oscillation, pay attention to risk control. Similar factors as IH [54][55].

Group 1: Report Summary - The report is a weekly futures report on soybean meal and soybean oil, covering the period from March 23 - 27, 2026 [1][2] Group 2: Soybean Meal Futures 1. Mid - term Market Analysis - Mid - term trend: The soybean meal main contract is in a wide - range oscillation stage. The 11th week's oil factory soybean actual crushing volume was 1.9694 million tons, with an operating rate of 54.23% and a soybean meal inventory of 627,300 tons. Domestic oil factory soybean arrival rhythm has slowed down, soybean meal inventory has been continuously decreasing, and downstream feed enterprises' inventory is low with released replenishment demand. The US soybeans maintain a high - level oscillation due to crude oil fluctuations and biodiesel expectations, providing cost support. However, the continuous loss of breeding profit restrains the willingness to purchase at high prices, and the future arrival pressure of Brazilian soybeans still exists, limiting the upside space of the market [7] - Mid - term strategy suggestion: Pay attention to South American weather changes, US tariff policies, and domestic breeding demand [7] 2. Variety Trading Strategy - Last week's strategy review: The soybean meal futures price was in an upward channel, and the funds were slightly bearish. The current market sentiment is still affected by geopolitical factors, and attention should be paid to the evolution of the Middle East situation and the arrival of Brazilian soybeans [10] - This week's strategy suggestion: Short - term spot tight balance and cost support boost the price, but weak demand and future supply pressure suppress the increase. It is expected that the soybean meal futures price will maintain a high - level oscillation pattern [11] 3. Variety Diagnosis - The main force is relatively bullish with a long - short flow of 72.8. The main funds are flowing out slightly with a capital energy of - 24.5. The long - short divergence is 93.3, indicating a high risk of market reversal [14] 4. Related Data - Data includes soybean meal weekly output, weekly inventory, apparent consumption, weekly inventory days, basis, and oil - meal ratio [19][22][26] Group 3: Soybean Oil Futures 1. Mid - term Market Analysis - Mid - term trend: The soybean oil main contract is in a wide - range oscillation stage. According to Mysteel data, the actual output of soybean oil from 125 oil factories in the 11th week was 374,200 tons. South American logistics and policy uncertainties support the supply side. Crude oil fluctuates sharply due to geopolitical risks, providing emotional support through biodiesel expectations. However, terminal consumption is suppressed by high prices, spot transactions are light, commercial inventory is at a high level, and de - stocking is slow, suppressing the basis. The market is dominated by macro - sentiment, and the fundamental support is weakened [33] - Mid - term strategy suggestion: Pay attention to US biodiesel policies, crude oil trends, and domestic demand [33] 2. Variety Trading Strategy - Last week's strategy review: The current market is driven by geopolitical and crude oil fluctuations, and the supply - demand fundamentals are temporarily weakened. Attention should be paid to the evolution of geopolitical situations and crude oil price fluctuations [36] - This week's strategy suggestion: The short - term trend of soybean oil futures will still focus on crude oil fluctuations and policy expectations, maintaining a high - level oscillation pattern in the contradiction between cost support and high - price - suppressed demand [36] 3. Related Data - Data includes soybean oil weekly output, weekly inventory, basis, trading volume, as well as soybean weekly arrival volume, weekly inventory, weekly crushing volume, and weekly operating rate [44][49][53][58]

Report Overview - The report is the Goldtrust Futures Daily, written by the Goldtrust Futures Research Institute on March 23, 2026 [1] Investment Ratings - Not provided in the report Core Views - The short - term trend of iron ore futures is oscillating strongly with limited rebound space, while the medium - term trend is likely to decline under pressure due to the supply - demand imbalance [3][4] Summary of Other Sections Iron Ore Futures - **Short - term (1 - 2 weeks)**: The current price of the iron ore main contract is 815.5 yuan/ton. The short - term rise is driven by steel mill restocking, policy expectations, and cost support. With port inventories at a historical high of about 180 million tons but improved port clearance and the expectation of iron - water production resumption, there is a driving force for a phased price rebound. The upper resistance is 820 - 830 yuan/ton, and the lower support is the 800 - yuan/ton integer mark. It is likely to maintain range - bound oscillations [4] - **Medium - term (1 - 3 months)**: The global supply of iron ore remains loose. The shipments of the four major mines have increased significantly, and new production capacities such as Simandou are continuously being released, with a significant year - on - year increase in imports. The improvement in domestic steel demand for real estate is moderate, the de - stocking of high steel inventories is slow, steel mills' profitability is weak, and the risk of negative feedback is rising. After the second quarter, the failure to meet the peak - season demand expectations will lead to high inventories suppressing the market, and the price center is likely to shift downward [4] - **Operation Suggestions**: It is advisable to take a small long position in the short - term; in the medium - term, it is better to short when the price is high. Strictly control the position and stop - loss, and focus on tracking iron - water production, port inventory, and terminal demand data [5] Technical Analysis Stock Index Futures - The market had a morning rebound. In operation, it is advisable to short on rebounds [8] Gold - After the red - green line on the daily chart of gold turned bearish, gold opened significantly lower and then gradually oscillated upward. After the market stabilizes, a long - biased approach can be considered [13] Iron Ore Technical Analysis - The shipments from Australia and Brazil maintain a normal rhythm. In the medium - to - long - term, the mining production capacity is in a release cycle, and the expectation of a loose supply remains. On the demand side, steel mills resume production after the holiday, which may have a certain driving effect, but the start of terminal demand still takes time. Attention should be paid to the impact of policy and sentiment. Technically, when approaching the previous high, long - position holders should protect their profits [15][16] Glass - The daily melting volume has declined, and the inventory has slightly decreased. Attention should be paid to the resumption progress of deep - processing enterprises after the holiday. In the short - term, it is more affected by the overall sentiment of commodities. Technically, before the upper pressure is broken, it should be viewed from a wide - range oscillation perspective [19][20] Methanol - The upward trend of methanol is driven by multiple positive factors, including the unexpected resumption of MTO plants at ports, a sharp decrease in import arrivals, and a surge in foreign natural gas prices. The spot market has actively followed the price increase, and the price difference between ports and the inland has widened rapidly. In the short - term, supply - side emergencies and cost support are the core drivers of the market, and the strong market is expected to continue [23] Pulp - The current pulp futures price has broken through the low of nearly a year ago. Although there is still some downward space, it is relatively limited, which has attracted some corporate customers to take over. The number of long - position customers has increased, and there is a certain bottom support. Attention should be paid to position control [25]

Report Date - The report is dated March 19, 2026 [1] Report Industry Investment Rating - Not provided in the report Core Viewpoints - Through macro - fundamental and technical analysis, the report predicts the trends of various futures contracts on March 19, 2026, and the overall trends for the month of March 2026 [4][10] Summary by Directory 1. Futures Market Outlook 1.1 March 19, 2026 Outlook - **Stock Index Futures**: Likely to be weak and volatile. For example, IF2606 has resistance levels at 4582 and 4609 points, and support levels at 4519 and 4506 points [4] - **Precious Metals Futures**: Gold, silver, copper, and tin futures are likely to be weak and volatile. For instance, the gold futures contract AU2604 will likely test support levels at 1068.4 and 1053.7 yuan/gram [4] - **Base Metals Futures**: Aluminum futures will likely consolidate, while alumina futures will likely be strong and volatile. Nickel futures will likely be weak and volatile [5] - **Energy Futures**: Crude oil, fuel oil, asphalt, etc. futures will likely be strong and volatile. Crude oil futures SC2605 will likely hit a record high [8] - **Agricultural Futures**: Bean meal futures will likely be strong and volatile [9] 1.2 March 2026 Outlook - **Stock Index Futures**: IF2606, IH2606 are likely to be weak and widely volatile; IC2606, IM2606 are likely to be weak and volatile [10] - **Precious Metals Futures**: Gold, silver, copper, and tin futures are likely to be weak and volatile. Aluminum futures are likely to be strong and volatile [10] - **Base Metals Futures**: Alumina, iron ore, and coking coal futures are likely to be strong and volatile. Nickel and lithium carbonate futures are likely to be weak and widely volatile [10][11] - **Energy Futures**: Crude oil futures are likely to be strong and volatile and will hit a record high [11] 2. Macro - Information and Trading Tips - **Diplomatic News**: China and the US will continue to communicate about President Trump's visit to China [12] - **Domestic Policy**: China is conducting a second - round pilot program to extend land contracts by 30 years [12] - **International Event**: The 2026 Zhongguancun Forum will be held from March 25 to 29 [12] - **Middle East Tension**: Attacks on Iranian energy facilities have led to a sharp drop in Middle East oil exports and increased market concerns about energy supply [13][14] - **Federal Reserve Decision**: The Fed kept the federal funds rate unchanged, with a more conservative rate - cut path [14] - **US Economic Data**: US PPI in February rose more than expected [16] 3. Commodity Futures Information - **Energy Futures**: On March 18, US and Brent crude oil futures rose due to Middle East tensions [16] - **Precious Metals Futures**: On March 18, international precious metal futures fell due to the Fed's hawkish signals and high inflation data [16] - **Base Metals Futures**: On March 18, most London base metals fell, except for LME aluminum [17] - **Exchange Rate**: On March 18, the on - shore RMB against the US dollar rose, and the US dollar index rose [17][18] 4. Futures Market Analysis and Outlook 4.1 Stock Index Futures - On March 18, new stock index futures contracts showed different trends. The A - share market rebounded, while the US and European stock markets fell [18][20][22] - The expected trends for March 2026 and March 19, 2026 are provided for different stock index futures contracts [22][23] 4.2 Other Futures - For various futures such as gold, silver, copper, etc., the report provides the trends on March 18, and the expected trends for March 2026 and March 19, 2026 [37][42][47]

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints - Today, the alumina futures rose by 3.4% due to Guinea's policy to restrict bauxite mining and exports, geopolitical conflicts in the Middle East, and rising shipping and import costs, along with market sentiment [3]. - In the short - term (1 - 2 weeks), the alumina futures will be in a strong - side shock with upward pressure. The main contract AO2605 will likely fluctuate between 2900 - 3200 yuan/ton [3]. - In the medium - term (1 - 2 months), the price will decline and return to the cost range of 2700 - 2900 yuan/ton as new production capacity is released and demand growth is slow [3]. - In the long - term, the price will be in a low - level shock, and only significant geopolitical escalation or policy changes can lead to a trend - like market [3]. - The stock market rebounded today after hitting a low, with shrinking trading volume. Technically, today's rise is a repair of yesterday's decline, and the 5 - minute level needs adjustment tomorrow morning. Short - term trading should follow the shock strategy [5][6]. - Gold's daily - level red - green line turns bearish, and it will maintain a weak - side shock. A short - selling strategy is recommended [10]. - For iron ore, supply is expected to be loose in the medium - to - long - term, and demand recovery needs time. Near the previous high, long - position holders should protect their profits [12][13]. - For glass, daily melting has declined and inventory has slightly decreased. In the short - term, it is affected by the overall commodity sentiment and should be treated as a wide - range shock before breaking through the upper pressure [16][17]. - For methanol, due to geopolitical factors in Iran, domestic methanol imports will be low for at least 1 - 2 months. As of March 18, 2026, the total port inventory was 126.17 tons, a decrease of 5.11 tons from the previous period [20]. - For pulp, the conflict in the Middle East has brought uncertainty to the Shanghai Pulp Week. Suppliers expect price increases, while Chinese buyers want price cuts [22]. 3. Summary by Related Catalogs Alumina Futures - Price increase reason: Guinea's policy on bauxite, geopolitical conflicts, and cost increases [3]. - Short - term trend: Strong - side shock with upward pressure, main contract AO2605 in 2900 - 3200 yuan/ton [3]. - Medium - term trend: Decline and return to 2700 - 2900 yuan/ton [3]. - Long - term trend: Low - level shock, trend - like market needs special conditions [3]. Stock Market - Market performance: Rebounded after hitting a low, shrinking volume, technical repair [5][6]. - Trading strategy: Short - term shock strategy [5]. Gold - Market trend: Weak - side shock, short - selling strategy [10]. Iron Ore - Supply: Loose in the medium - to - long - term [13]. - Demand: Recovery needs time [12]. - Trading advice: Protect long - position profits near the previous high [12]. Glass - Supply and demand: Daily melting decline, inventory decrease, affected by overall commodity sentiment [16][17]. - Trading strategy: Wide - range shock before breaking through upper pressure [16]. Methanol - Supply: Low imports in the next 1 - 2 months due to geopolitical factors [20]. - Inventory: As of March 18, 2026, 126.17 tons, a decrease of 5.11 tons [20]. Pulp - Market situation: Uncertainty due to Middle East conflict, different price expectations between suppliers and buyers [22].

Report Industry Investment Rating No information provided in the report. Core Viewpoints - Through macro - fundamental analysis and technical analysis using tools like the golden ratio line, horizontal line, and moving average, the report predicts the trend of various futures contracts on March 18, 2026, and the overall trend in March 2026 [2][8]. Summary by Relevant Catalogs 1. Futures Market Outlook 1.1 March 18, 2026 Forecast - **Stock Index Futures**: Likely to be strongly volatile. For example, IF2603 has resistance levels at 4659 and 4706 points, and support levels at 4605 and 4591 points [2]. - **Gold Futures**: The AU2604 contract is likely to be weakly volatile, with support levels at 1105.6 and 1102.1 yuan/gram, and resistance levels at 1124.1 and 1129.2 yuan/gram [2]. - **Silver Futures**: The AG2606 contract is likely to be weakly volatile, with support levels at 19570 and 19200 yuan/kg, and resistance levels at 20587 and 20923 yuan/kg [2]. - **Copper Futures**: The CU2605 contract is likely to be weakly volatile, with support levels at 98500 and 98200 yuan/ton, and resistance levels at 99800 and 100200 yuan/ton [2]. - **Aluminum Futures**: The AL2605 contract is likely to be weakly volatile, with support levels at 24690 and 24520 yuan/ton, and resistance levels at 25170 and 25290 yuan/ton [3]. - **Alumina Futures**: The AO2605 contract is likely to be strongly volatile, with resistance levels at 3119 and 3150 yuan/ton, and support levels at 3049 and 3021 yuan/ton [3]. - **Nickel Futures**: The NI2605 contract is likely to be range - bound, with resistance levels at 137300 and 137800 yuan/ton, and support levels at 134700 and 133800 yuan/ton [3]. - **Tin Futures**: The SN2604 contract is likely to be weakly volatile, with support levels at 365000 and 356900 yuan/ton, and resistance levels at 379000 and 385000 yuan/ton [3]. - **Lithium Carbonate Futures**: The LC2605 contract is likely to be strongly volatile, with resistance levels at 159500 and 164900 yuan/ton, and support levels at 150700 and 149000 yuan/ton [3]. - **Rebar Futures**: The RB2605 contract is likely to be strongly volatile, with resistance levels at 3174 and 3187 yuan/ton, and support levels at 3146 and 3142 yuan/ton [3]. - **Iron Ore Futures**: The I2605 contract is likely to be widely volatile, with support levels at 809 and 804 yuan/ton, and resistance levels at 819 and 827 yuan/ton [3]. - **Coking Coal Futures**: The JM2605 contract is likely to be strongly volatile, with resistance levels at 1200 and 1205 yuan/ton, and support levels at 1170 and 1155 yuan/ton [4]. - **Glass Futures**: The FG605 contract is likely to be range - bound, with support levels at 1087 and 1079 yuan/ton, and resistance levels at 1102 and 1111 yuan/ton [6]. - **Soda Ash Futures**: The SA605 contract is likely to be range - bound, with support levels at 1238 and 1226 yuan/ton, and resistance levels at 1251 and 1260 yuan/ton [6]. - **Crude Oil Futures**: The SC2605 contract is likely to be widely volatile, with support levels at 731 and 715 yuan/barrel, and resistance levels at 779 and 806 yuan/barrel [6]. - **Fuel Oil Futures**: The FU2605 contract is likely to be weakly volatile, with support levels at 4653 and 4522 yuan/ton, and resistance levels at 4848 and 5023 yuan/ton [6]. - **Asphalt Futures**: The BU2606 contract is likely to be widely volatile and accumulate strength to attack resistance levels at 4550 and 4595 yuan/ton, with support levels at 4346 and 4280 yuan/ton [6]. - **Linear Low - density Polyethylene Futures**: The L2605 contract is likely to be strongly volatile, with resistance levels at 8677 and 8894 yuan/ton, and support levels at 8383 and 8288 yuan/ton [6]. - **Polypropylene Futures**: The PP2605 contract is likely to be strongly volatile, with resistance levels at 8857 and 9090 yuan/ton, and support levels at 8519 and 8422 yuan/ton [6]. - **PTA Futures**: The TA605 contract is likely to be strongly volatile, with resistance levels at 7100 and 7256 yuan/ton, and support levels at 6760 and 6696 yuan/ton [7]. - **PVC Futures**: The V2605 contract is likely to be widely volatile, with support levels at 5849 and 5750 yuan/ton, and resistance levels at 6000 and 6053 yuan/ton [7]. - **Methanol Futures**: The MA605 contract is likely to be strongly volatile, with resistance levels at 2980 and 3000 yuan/ton, and support levels at 2825 and 2805 yuan/ton [7]. 1.2 March 2026 Forecast - **Stock Index Futures**: The main continuous contracts of IF, IH, IC, and IM are likely to be weakly and widely volatile [8]. - **Gold Futures**: The main continuous contract is likely to be weakly volatile, with support levels at 1102.0 and 1076.2 yuan/gram, and resistance levels at 1210.3 and 1258.7 yuan/gram [8]. - **Silver Futures**: The main continuous contract is likely to be weakly volatile, with support levels at 19609 and 17620 yuan/kg, and resistance levels at 25141 and 26850 yuan/kg [8]. - **Copper Futures**: The main continuous contract is likely to be weakly volatile, with support levels at 96600 and 95000 yuan/ton, and resistance levels at 105800 and 114000 yuan/ton [8]. - **Aluminum Futures**: The main continuous contract is likely to be strongly volatile, with resistance levels at 26190 and 27000 yuan/ton, and support levels at 23020 and 22680 yuan/ton [8]. - **Alumina Futures**: The AO2605 contract is likely to be strongly volatile, with resistance levels at 3119 and 3277 yuan/ton, and support levels at 2730 and 2651 yuan/ton [8]. - **Nickel Futures**: The main continuous contract is likely to be weakly and widely volatile, with support levels at 130300 and 125000 yuan/ton, and resistance levels at 141900 and 146600 yuan/ton [8]. - **Tin Futures**: The main continuous contract is likely to be weakly volatile, with support levels at 378800 and 349300 yuan/ton, and resistance levels at 470000 and 480000 yuan/ton [8]. - **Lithium Carbonate Futures**: The main continuous contract is likely to be weakly volatile, with support levels at 139300 and 123900 yuan/ton, and resistance levels at 189400 and 200000 yuan/ton [8]. - **Rebar Futures**: The RB2605 contract is likely to be strongly and widely volatile, with resistance levels at 3177 and 3242 yuan/ton, and support levels at 3006 and 2962 yuan/ton [8]. - **Iron Ore Futures**: The I2605 contract is likely to be strongly volatile, with resistance levels at 857 and 877 yuan/ton, and support levels at 736 and 725 yuan/ton [8]. - **Coking Coal Futures**: The JM2605 contract is likely to be strongly volatile, with resistance levels at 1288 and 1385 yuan/ton, and support levels at 1062 and 1022 yuan/ton [8]. - **Glass Futures**: The FG605 contract is likely to be strongly volatile, with resistance levels at 1225 and 1284 yuan/ton, and support levels at 1015 and 973 yuan/ton [8]. - **Soda Ash Futures**: The SA605 contract is likely to be strongly volatile, with resistance levels at 1339 and 1390 yuan/ton, and support levels at 1146 and 1123 yuan/ton [8]. - **Crude Oil Futures**: The main continuous contract is likely to be strongly volatile, with resistance levels at 824 and 900 yuan/barrel, and support levels at 490 and 480 yuan/barrel, and is expected to reach a record high since listing [9]. 2. Macro Information and Trading Tips - The National Development and Reform Commission is organizing the application for national - level landmark major application scenario projects, with about 100 projects to be determined nationwide [10]. - Trump proposed to postpone his visit to China, and the Chinese Foreign Ministry responded that the two sides are in communication, and the US has clarified the false media reports [10]. - The Ministry of Finance will continue to implement a more proactive fiscal policy in 2026, focusing on seven aspects of work [10]. - The National Development and Reform Commission has launched a new batch of 13 landmark major foreign - funded projects with a planned investment of 13.4 billion US dollars [11]. - The State - owned Assets Supervision and Administration Commission of the State Council emphasizes focusing on "two majors" and "two new" to implement major projects and landmark projects [11]. - The National Energy Administration data shows that from January to February, the cumulative electricity consumption of the whole society increased by 6.1% year - on - year [11]. - Trump expressed dissatisfaction with NATO due to the cold response from allies on escorting in the Strait of Hormuz [11]. - Iran is in a complex situation, including the death of some important figures, the rejection of mediation proposals, and the threat from the Israeli military [12]. - The US National Counterterrorism Center Director Kent resigned due to opposition to the war with Iran [12]. - US intelligence assessment shows that Iran's regime is still stable after the US - Israel attack [12]. - Ukrainian experts are assisting Gulf countries in defending against Iranian drones [12]. - The Reserve Bank of Australia raised interest rates by 25 basis points to 4.1% [13]. 3. Commodity Futures - related Information - On March 17, US crude oil and Brent crude oil prices rose due to geopolitical conflicts and inventory factors [13]. - On March 17, international precious metal futures closed with mixed results, affected by multiple factors [14]. - On March 17, most London base metals fell [14]. - The US government plans to relax sanctions on Venezuela's oil industry [14]. - The port of Fujairah in the UAE has suspended oil loading [15]. - On March 17, the on - shore RMB against the US dollar rose, and the dollar index fell [15]. 4. Futures Market Analysis and Outlook - **Stock Index Futures**: On March 17, the main contracts of IF2603, IC2603, and IM2603 showed a downward trend, while the IH2603 contract showed a slight upward trend [15][16][17]. - **Gold Futures**: On March 17, the AU2604 contract showed a slight downward trend [37]. - **Silver Futures**: On March 17, the AG2606 contract showed a slight upward trend but with weak rebound momentum [43]. - **Copper Futures**: On March 17, the CU2604 contract showed a slight downward trend [47]. - **Aluminum Futures**: On March 17, the AL2605 contract showed a weak downward trend [52]. - **Alumina Futures**: On March 17, the AO2605 contract showed a strong upward trend [56]. - **Nickel Futures**: On March 17, the NI2605 contract showed a slight downward trend [61]. - **Tin Futures**: On March 17, the SN2604 contract showed a slight upward trend [65]. - **Lithium Carbonate Futures**: On March 17, the LC2605 contract showed a weak downward trend [71]. - **Rebar Futures**: On March 17, the RB2605 contract showed a slight upward trend [74]. - **Iron Ore Futures**: On March 17, the I2605 contract showed an upward trend [79]. - **Coking Coal Futures**: On March 17, the JM2605 contract showed a weak downward trend [84]. - **Glass Futures**: On March 17, the FG605 contract showed a downward trend [88]. - **Soda Ash Futures**: On March 16, the SA605 contract showed a downward trend [91]. - **Crude Oil Futures**: On March 17, the SC2605 contract showed a weak and wide - range volatile downward trend [96]. - **Fuel Oil Futures**: On March 17, the FU2605 contract showed a weak and wide - range volatile downward trend [100]. - **Asphalt Futures**: On March 17, the BU2606 contract showed a weak and wide - range volatile upward trend [103]. - **Linear Low - density Polyethylene Futures**: On March 17, the L2605 contract showed a weak downward trend [105]. - **Polypropylene Futures**: On March 17, the PP2605 contract showed a weak downward trend [108]. - **PTA Futures**: On March 17, the TA605 contract showed a weak downward trend [109]. - **PVC Futures**: On March 17, the V2605 contract showed an upward trend [113]. - **Methanol Futures**: On March 17, the MA605 contract showed a slight upward trend [115].