Core Viewpoint - The A-share market experienced a pullback after two consecutive days of gains, with the Shanghai Composite Index closing down 0.39% at 3868.38 points, and trading volume significantly decreased by 462.1 billion yuan to 26,790 billion yuan. Key mineral stocks such as potassium fertilizer, tungsten, rare earths, and molybdenum have performed well this year. The U.S. government proposed adding six minerals, including copper and potassium fertilizer, to its critical mineral list for 2025, highlighting their importance to the economy and national security [1]. Group 1: Market Performance - The Shanghai Composite Index fell by 0.39% to close at 3868.38 points after two days of gains [1] - Trading volume in the Shanghai and Shenzhen markets decreased significantly by 462.1 billion yuan to 26,790 billion yuan [1] - Key mineral stocks, including potassium fertilizer, tungsten, rare earths, and molybdenum, have shown strong performance this year [1] Group 2: U.S. Mineral Policy - The U.S. government proposed to include copper, potassium fertilizer, silicon, silver, lead, and rhenium in the 2025 critical mineral list, which consists of a total of 54 minerals [1] - The U.S. Geological Survey published this draft list in the Federal Register and will seek public comments for 30 days [1] Group 3: Futures Market and Competitions - In the futures market, "anti-involution" products such as alumina, coking coal, industrial silicon, polysilicon, and coke saw significant declines [1] - The "Jingliang Cup - National Futures Simulation Competition" is ongoing, with participants achieving notable returns, such as a 56.9% profit in two days by one contestant [2][3] - The competition aims to help investors understand and learn about futures trading, providing a "zero-cost trial and high-reward growth" opportunity [10]

Market Performance - The market experienced a broad-based rally on Monday, with notable performances in sectors such as Hainan Free Trade Port, sports, cross-border e-commerce, new retail, and gold [1] - The Shanghai and Shenzhen stock exchanges saw 103 stocks hit the daily limit up, an increase of 19 from the previous Friday, while only 2 stocks hit the limit down, a decrease of 5 [1] - The total trading volume for the two exchanges was 12,775 billion, down by 712 million compared to the previous Friday [1] Competition Insights - The 57th edition of the simulated stock trading competition, hosted by the Daily Economic News APP, began today, with participants registering for a simulated capital of 500,000 [1] - The competition runs from April 14 to April 18, with registration open from April 12 to April 18, offering weekly and monthly cash rewards for positive returns [3][5] - Participants noted that as the earnings disclosure period approaches, there is a growing emphasis on performance, suggesting caution against chasing stocks that have surged [3] Technical Analysis - Experts indicated that the pressure zone for the Shanghai Composite Index lies between 3,250 and 3,350 points, with significant resistance at 3,350 points [3] - The index closed at 3,262 points, entering the pressure zone, and a continued decline in trading volume may indicate an increasing wait-and-see atmosphere in the market [3] Rewards Structure - The competition features both weekly and monthly rewards, with positive return participants eligible for prizes [5] - Weekly rewards are based on return rates, while monthly rewards are given to the top 100 participants based on accumulated points [5][6] - Points are awarded based on rankings, with the first place receiving 10 points and subsequent places receiving fewer points [5] Participant Benefits - Participants in the competition receive benefits such as access to top performers' holdings and a five-day free reading of the "Fire Line Quick Review" [7] - The "Fire Line Quick Review" provides insights into market trends, investment logic, and company analysis, enhancing participants' investment strategies [7]