Report Summary 1. Report Industry Investment Ratings - No industry investment ratings are provided in the report. 2. Core Views - The report provides a comprehensive analysis of various financial and commodity futures, including indices, bonds, precious metals, industrial metals, energy, chemicals, and agricultural products. It offers insights into market trends, price movements, and potential trading opportunities for each category [3]. 3. Summary by Related Catalogs Financial Sector - **Equity Indices**: The indices have stable support below but face significant upward pressure. Affected by ongoing tariff negotiations, they are volatile in the short - term and are expected to remain neutrally oscillating after the volatility subsides. It is recommended to wait and see, with a suggested long - position attempt on the CSI 1000 index in the 5800 - 5900 range [3]. - **Treasury Bonds**: The 10 - year treasury bond interest rate may fluctuate between 1.6% - 1.75%, and the 30 - year rate between 1.8% - 1.95%. Short - term treasury bond futures may show a range - bound oscillation. A range - trading strategy of high - selling and low - buying is recommended [3]. - **Precious Metals**: After the "black swan" event overseas during the Dragon Boat Festival, the market has returned to rationality, and precious metals have declined. Gold is expected to oscillate, and a double - selling strategy of out - of - the - money options can be used to earn time value. Silver follows gold's fluctuations, and it is advised to sell out - of - the - money call options [3]. - **Container Shipping Index (European Line)**: With a high opening in July's quotes and the market bottoming out and rebounding, it is advisable to go long on the 08 contract at low prices [3]. Black Sector - **Steel**: Industrial steel demand and inventory are deteriorating. It is recommended to wait and see for unilateral operations and consider a long - steel and short - raw - material arbitrage strategy [3]. - **Iron Ore**: The molten iron output is falling from a high level. It is expected to oscillate in the 700 - 745 range [3]. - **Coke and Coking Coal**: Coke prices may be further reduced, and coking coal prices are weak. It is recommended to stop the loss on short positions for J2509 and JM2509 [3]. - **Silicon Iron and Manganese Silicon**: With the resumption of production in large factories in Ningxia and the recovery of shipments from Groote Eylandt, it is advisable to short at high prices, with resistance levels at around 5500 for silicon iron and 5900 for manganese silicon [3]. Non - ferrous Sector - **Copper, Zinc, Nickel, Stainless Steel, and Tin**: Copper has weak driving forces; zinc prices are supported by lower - than - expected supply; nickel is in narrow - range oscillation; stainless steel is weakly operating; and tin prices are continuing to decline. Specific price ranges and trading suggestions are provided for each [3]. Energy and Chemical Sector - **Crude Oil**: Short - term upward support is provided by North American supply disruptions, but the long - term depends on OPEC production policies. It is recommended to wait and see for unilateral operations and consider an options straddle strategy [3]. - **Urea, PX, PTA, Short - fiber, Bottle - chip, Ethanol, Styrene, Caustic Soda, PVC, Synthetic Rubber, LLDPE, PP, and Methanol**: Different products have different market conditions, such as inventory changes, supply - demand relationships, and price trends. Specific trading strategies are recommended for each [3]. Agricultural Sector - **Soybean Meal, Live Hogs, Corn, Oils, Sugar, Cotton, Eggs, Apples, Jujubes, Peanuts, and Soda Ash**: Market conditions vary among different agricultural products. For example, live hog prices are under pressure after the festival, and sugar supply is expected to be loose overseas. Appropriate trading strategies are provided for each [3]. Special Commodities - **Glass, Rubber, Industrial Silicon, Polysilicon, and Lithium Carbonate**: Glass market sentiment is weakening; rubber prices are declining; industrial silicon is weakly oscillating; polysilicon futures have fallen significantly; and lithium carbonate is weakly stable. Specific trading suggestions are given for each [3].