Group 1 - The domestic futures market for black metals is mostly in the red, with rebar futures showing a downward trend and a current price fluctuation between 3197.00 and 3235.00 yuan/ton, reflecting a decline of approximately 1.36% [1] - New Century Futures analysis indicates that the overall performance of the Politburo meeting was below expectations, leading to a potential decrease in market trading enthusiasm and a risk of short-term corrections. The construction material demand is expected to decline seasonally, with total steel inventory rising from a low level [1] - The steel industry is anticipated to maintain growth expectations in the short term, supported by macroeconomic and policy factors, particularly during the upcoming military parade on September 3, which will see environmental production restrictions in northern regions [1] Group 2 - Zhonghui Futures reports that rebar production remains stable while demand is decreasing, leading to an increase in inventory levels. The market sentiment is cooling, and while there may be short-term rebounds, optimism regarding price ceilings should be tempered [2] - Guoxin Futures notes that despite the off-season, steel mills are still profitable and operational momentum is strong. Data from Steel Union shows a slight decrease in the production of five major steel products, with rebar production experiencing a minor weekly increase [2] - The raw material prices are experiencing high volatility, contributing to the fluctuating nature of rebar futures, and short-term trading strategies are recommended [2]

Group 1 - The main contract for soda ash futures experienced a sharp decline, reaching a low of 1187.00 yuan, with a current price of 1192.00 yuan, reflecting a drop of 1.41% [1] - Various institutions have differing views on the future market trends for soda ash, with expectations of short-term fluctuations and a focus on supply-demand dynamics [2][3] - Ningzheng Futures predicts that the soda ash September contract will experience short-term fluctuations, with pressure around the 1215 yuan level, suggesting a wait-and-see approach or short-term short positions [2] Group 2 - Guotai Junan Futures notes that the previous valuation of soda ash was slightly low, indicating a higher probability of a fluctuating market, with current pressures from warehouse receipts and weak glass demand [2] - Jianxin Futures highlights that supply-demand contradictions are becoming more pronounced, with expectations of increased production and potential inventory accumulation, while demand remains weak due to a sluggish real estate market [3] - The overall market for soda ash is expected to face challenges, with weak downstream purchasing power and a long-term oversupply situation, leading to low-level fluctuations [3]