消息一出，美国那边立刻炸锅。美国玉米种植者协会强烈反对，表示此举令农民生计雪上加霜，本就艰难的行业面临 更大压力。美国大豆协会主席凯莱布·拉格兰也发声称："农民们被这突然的变化弄得措手不及，关税问题不是闹着玩 的，不仅影响收入，更动摇了他们对市场的信心。"这话说得实在，农民本来依赖出口挣钱，这么一来，收入大打折 扣，生活难题凸显。 2025年4月，中国政府突然宣布取消了110万吨美国玉米的进口订单，这一消息在美国引起了轩然大波。要知道，这 110万吨占美国对中国年度玉米出口总量的7%，绝非小数目。美国一直认为中国不会轻易动他们的农产品，毕竟粮食 安全是国家的大事，没人会轻率对待。然而这一次，中国偏偏选择了美国自以为"最安全"的领域下手，让美国措手不 及。这背后，到底隐藏着怎样的深意？ 要理解这件事，得从中美贸易战谈起。贸易战早在2018年就爆发了，双方相互加征关税，知识产权问题也纠缠不休。 到了2025年，特朗普第二任期上台，贸易战形势愈发紧张。美国对中国商品的关税飙升至145%，中国也采取了反制 措施，加征报复性关税，双方如同两人掰腕子，谁也不愿让步。 就在这个关键时刻，中国开始深刻思考，不能总是被美国卡脖 ...

Core Insights - The egg futures market has reached a significant milestone with the 2507 contract rolling delivery volume hitting 290 lots and the number of delivery pairs exceeding 586 lots, marking a historical high for single contract deliveries in China's egg futures market [1] - The delivery participants show distinct characteristics, with sellers primarily consisting of large-scale domestic egg-laying enterprises and trading companies, while buyers are mainly institutional investors from Zhejiang [1] Market Context for High Delivery Volume - The 2507 egg futures contract remains in a contango structure, but the price gap between futures and spot prices is narrowing due to recent price declines, allowing egg-laying enterprises to hedge and lock in sales prices through futures [3] - Compared to the spot market's average transaction price of 2.50 yuan per jin, futures hedging has provided enterprises with a profit of approximately 0.30 yuan per jin, serving as an important risk management tool [3] - As of July 8, the basis for the 2508 egg futures contract relative to the national average was -995 yuan per 500 kg, with futures premiums at historically high levels for the same period [3] - On July 7, the main egg futures contract saw a decline of 3.74%, reaching a near five-year low, while egg prices in Handan, Hebei, dropped to 2.44 yuan per jin, also a five-year low, driven primarily by production capacity pressures [3] Supply and Demand Imbalance Driving Price Decline - Supply-side pressures are evident, with the national laying hen stock reaching approximately 1.34 billion birds in June, a month-on-month increase of 0.45% and a year-on-year increase of 6.77%, leading to an oversupply of eggs [4] - The average monthly price of eggs in major production areas was 2.76 yuan per jin, reflecting a month-on-month decline of 10.39% and a year-on-year decline of 26.79% [4] - Despite a significant decrease in the age of culling hens in May and June, the stock of laying hens remains high, with expectations of continued production capacity increases in July, estimated at around 1.35 billion birds [4] - Demand appears weak, as the current season is characterized by reduced school procurement due to summer vacations, shifting to household consumption, while high temperatures hinder egg storage, leading to cautious downstream purchasing [4] - Low-price zones are experiencing delivery and cold storage behaviors, which limit price declines, but this inventory may face selling pressure around September, potentially suppressing the market ahead of the Mid-Autumn Festival [4]

Market Overview - The A-share market experienced an overall upward trend, with major indices rising, and the Shanghai Composite Index surpassing 3500 points for the first time in 8 months, reaching a peak of 3512.67 points [1][3] - The ChiNext Index also saw an increase, rising over 1% and breaking the 2200-point mark [5] Sector Performance - Among the sectors, Media, Electric Equipment, Food & Beverage, Agriculture, and Beauty Care led the gains, while Non-ferrous Metals, Steel, and Basic Chemicals lagged [7] - The short drama game concept sector was the top performer, with gains exceeding 2%, and several stocks, including Huanyu Century and Zhangyue Technology, hitting the daily limit [7] Individual Stocks - Guotou Zhonglu has seen its stock hit the daily limit for three consecutive trading days, as the company announced plans to acquire 100% of China Electronics Engineering Design Institute through a share issuance [8][9] - In the Hong Kong market, the Hang Seng Index fell below the 24000-point mark, with stocks like Henderson Land, NetEase, and Zijin Mining leading the declines, while companies like China Biologic Products and Hansoh Pharmaceutical showed gains [10][11][12] Commodity Market - In the domestic futures market, the main contract for polysilicon surged, with an intraday increase of over 6%, and the price nearing 39800 yuan/ton, marking a nearly 30% rise over the past 10 trading days [13][14]

7月7日芝加哥商业交易所（CME）金属类商品成交量报告已在金十数据中心更新！欢迎点击查看 相关链接 ...

Group 1 - The red date futures experienced a significant drop of nearly 5%, with other commodities like glass, copper, and short fibers also declining over 1% [1][4] - The market sentiment is affected by the ongoing debate regarding the potential reduction in the new season's red date production, with last year's high inventory levels adding pressure [3] - The upcoming high-temperature weather in southern Xinjiang is expected to impact red date yields, contributing to the volatility in futures trading [3] Group 2 - Styrene showed a slight increase of 0.71%, supported by rising coal prices and recovering demand for pure benzene, although the overall commodity market saw widespread declines [2] - The supply side for pure benzene is expected to increase, leading to a weaker price outlook, while the demand remains stable [2] - The recent strong performance of polysilicon is limited by a loose fundamental outlook, with expectations of policy impacts on supply costs in the medium to long term [2]

美国劳工统计局报告称，6 月份非农就业人数增加 147,000 人，超过预期的 111,000 人，美元周四触及 一周高点。此外，失业率从 5 月份的 4.2% 小幅下降至 4.1%，使美联储提前降息的希望破灭。 报告的其他细节显示，以平均时薪变化衡量的工资增长从 6 月份的 0.4% 放缓至 0.2%，并从 5 月份的 3.8% 回落至 3.7%。这有助于缓解对通胀的担忧，并为今年年底前至少两次降息 25 个基点敞开大门。 美国总统唐纳德·特朗普的减税和支出法案周四在国会扫清了最后的障碍。据无党派的国会预算办公室 称，该立法将使国家债务增加 3.4 万亿美元。这可能会进一步恶化美国的长期债务问题，从而限制美元 并支撑金价。 与此同时，特朗普表示，他计划最早在周五开始致函通知贸易伙伴他们的关税税率，因为避免美国提高 关税的谈判进入最后阶段。他的评论是在 7 月 9 日提高互惠关税的最后期限前几天发表的，并进一步成 为避险贵金属的顺风。 上海期货交易所指定交割仓库期货（7月4日）仓单日报显示，黄金期货总计21456千克，今日仓单较上 一日增持3000千克。 沪金主力盘内高位震荡偏弱，周五（7月4日）开盘报774 ...

Group 1 - The core viewpoint of the news highlights the positive performance of the U.S. labor market, with June's non-farm payrolls adding 147,000 jobs, significantly exceeding the expected 110,000 [3] - The unemployment rate decreased from 4.2% to 4.1%, better than the anticipated 4.3% [3] - The labor force participation rate slightly declined from 62.4% to 62.3% [3] - Average hourly earnings year-on-year growth fell from 3.8% in May to 3.7% in June, although it was above the expected 3.6% [3] Group 2 - The ISM Services PMI for June rose from 49.9 in May to 50.8, surpassing the expected 50.5 [4] - Strong employment data suggests a decreased likelihood of the Federal Reserve lowering interest rates sooner than expected, leading to a stronger dollar and increased pressure on the gold market [4] - Market expectations for the Federal Reserve to remain on hold during the July meeting increased from 76.2% to 95.3% following the employment report [4] - Investors now predict a 53 basis point rate cut by the end of the year, down from an earlier estimate of 66 basis points [4] Group 3 - Silver futures in the domestic market showed a short-term bullish trend, with prices reported at 8,914 yuan per kilogram, up 0.53% [5] - The highest price reached was 8,950 yuan per kilogram, while the lowest was 8,877 yuan per kilogram [5] - Resistance levels are identified between 8,976 and 8,986 yuan, with support levels between 8,644 and 8,654 yuan [5]

Group 1 - The Chicago Mercantile Exchange (CME) has updated its energy commodity trading volume report as of June 30 [1]

Core Viewpoint - The introduction of pure benzene futures is aimed at establishing a pricing mechanism in China, supporting the development of the chemical industry, and providing risk management tools for enterprises [1]. Group 1: Purpose of Pure Benzene Futures - Pure benzene is a crucial organic chemical raw material, linking petroleum and coal as primary energy sources to industries such as synthetic resins, synthetic fibers, and synthetic rubber [1]. - The listing of pure benzene futures will help form a domestic pricing system, contributing to China's goal of becoming a "chemical powerhouse" [1]. - It will provide forward price signals for enterprises, aiding in the stable and healthy development of the chemical industry [1]. - The futures will create a hedging tool system in conjunction with styrene futures, effectively reducing operational risks for companies [1]. Group 2: Trading Specifications - The quotation unit for pure benzene futures is in RMB per ton, with a minimum price fluctuation of 1 RMB per ton [2]. - During continuous trading, supported trading instructions include limit orders, market orders, stop-loss (profit) orders, and cross-period arbitrage orders [3]. - The maximum daily price fluctuation limit for pure benzene futures is set at 7% of the previous trading day's settlement price [4]. - Each month has available contracts for pure benzene futures, specifically for the months of January through December [5]. - The last trading day is the fourth trading day before the end of the contract month, while the last delivery day is the third trading day after the last trading day [6]. - The trading and delivery unit for pure benzene futures is 30 tons per contract [7]. Group 3: Risk Management and Control - Risk control measures for pure benzene futures include a margin system, price fluctuation limits, position limits, large trader reporting, forced liquidation, and risk warning systems [8]. - The exchange has established position limits for members or clients, which are calculated based on the total open interest of a specific contract [9]. Group 4: Transaction Fees and Regulations - The transaction fee for pure benzene futures is initially set at 0.01% of the transaction amount, with a reduced fee for hedging transactions [11]. - Supporting business rules for pure benzene futures include various management and operational guidelines from the Dalian Commodity Exchange [12].

Group 1 - Domestic futures main contracts showed mixed performance, with industrial silicon dropping over 4% and焦煤 (coking coal) and glass falling over 3% [1] - Other commodities such as pure soda, polysilicon,焦炭 (coke), silicon iron, and PVC experienced declines of over 2% [1] - On the upside, the shipping index (European line) increased by over 7%, while沪金 (Shanghai gold), 20号胶 (20 rubber),沪银 (Shanghai silver),沪铜 (Shanghai copper), and international copper rose by more than 1% [1]