Group 1 - Mysteel data indicates that the total amount of iron ore arriving at Chinese ports from June 16 to June 22, 2025, was 25.627 million tons, an increase of 1.782 million tons compared to the previous week [1] - According to SPPOMA, Malaysia's palm oil yield per hectare increased by 2.67% from June 1 to June 20, 2025, while the extraction rate decreased by 0.03%, resulting in a production increase of 2.5% compared to the same period last month [1] - The Zhengzhou Commodity Exchange announced the addition of several companies as designated delivery service providers for red dates futures, effective immediately [1] Group 2 - As of June 23, 2025, the total inventory of styrene at Jiangsu ports was 85,000 tons, an increase of 18,700 tons, representing a 28.21% rise compared to the previous period [1] - Mysteel's survey shows that as of June 20, 2025, the commercial inventory of soybean oil in key regions of China was 886,300 tons, an increase of 39,300 tons, or 4.64%, compared to the previous week [2] - The USDA's weekly crop progress report indicated that as of June 22, 2025, the good-to-excellent rating for U.S. soybeans was 66%, below market expectations of 67%, while corn was rated at 70%, below expectations of 72% [2]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has approved the registration of pure benzene futures and options on the Dalian Commodity Exchange, indicating a significant development in the commodity trading market [1] Group 1 - The CSRC will supervise the Dalian Commodity Exchange to ensure the smooth launch and stable operation of pure benzene futures and options [1]

Group 1 - The Dalian Commodity Exchange announced an upgrade to the options exercise and hedging functions starting from June 24, 2025 [1] - A new feature for options abandonment application will be introduced, allowing option buyers to express their intention directly regarding the number of option contracts they do not wish to exercise on the expiration date [1] - The functionality for "cancellation of automatic exercise application on expiration date" will be removed [1]

Core Viewpoint - The London Metal Exchange (LME) is undergoing transformation by shifting more bulk trades to its electronic platform, LME Select, to enhance market liquidity and transparency, despite some resistance from members who feel their business is being encroached upon [2][3][4]. Group 1: Market Transformation - LME aims to increase trading activities on the exchange by encouraging members to process certain client orders through LME Select, allowing for competitive bidding that could yield better prices for clients [3][4]. - The LME's commitment to improving market transparency has intensified following the 2022 nickel crisis, which highlighted the impact of over-the-counter (OTC) positions on price volatility [3][4]. Group 2: Member Dynamics - The LME has rejected proposals to transform into a fully open futures market, maintaining that trading must still occur through member channels, thus preserving their control over trading records and market liquidity [4]. - The exchange's cautious approach is justified as metal trading liquidity is inherently limited compared to other commodities, and member market-making activities are crucial for maintaining the vitality of less liquid contracts [4]. Group 3: Technological Advancements - LSEG has expanded its advanced trading platform, utilizing artificial intelligence to optimize negotiation processes, reduce error rates, and enhance bilateral trading efficiency [2][5]. - The integration of automated features into the LSEG Messenger service aims to streamline communication between members and clients, further improving trading efficiency [5].

Group 1 - The Dalian Commodity Exchange (DCE) announced the expansion of the range of commodities available for trading by qualified foreign institutional investors starting from June 20, 2025 [1] - New futures and options contracts for ethylene glycol and liquefied petroleum gas will be available for trading by qualified foreign investors [1]

Core Viewpoint - The Canadian Royal Bank warns that the S&P 500 could drop by 20% due to the ongoing geopolitical conflict between Israel and Iran, suggesting that the market may be overly complacent about the potential escalation of the situation [7][8]. Market Reactions - Global stock markets showed a positive trend despite the ongoing conflict, with the Nasdaq index achieving its largest single-day percentage gain since late May [4][5]. - On Monday, major U.S. stock indices closed higher, with the Dow Jones Industrial Average rising by 0.75% to 42,515.09 points, the S&P 500 increasing by 0.94% to 6,033.11 points, and the Nasdaq gaining 1.52% to 19,701.21 points [5]. - However, on Tuesday, market sentiment reversed, with WTI crude oil prices rising by 1.44% and gold prices also increasing slightly, while U.S. stock index futures declined [2][5]. Analyst Warnings - Analysts express concerns that investors may be underestimating the risks of a broader conflict in the Middle East, with warnings that the situation could escalate into a prolonged war [7][8]. - RBC analysts predict that the S&P 500 could fall to a range of 4,800 to 5,200 points, indicating a potential decline of up to 20% due to the adverse effects of the conflict [7]. - The market's current trajectory is seen as overly optimistic, with analysts suggesting that the ongoing conflict could have significant implications for U.S. stock valuations, corporate earnings, and economic growth [8].

CME以太币期货DCR主力合约跌3.60%，报2555.50美元，本周累涨2.40%，交投于2891.00-2446.00美元 区间。 周五（6月13日）纽约尾盘，CME比特币期货BTC主力合约较周四纽约尾盘跌1.25%，报10.6万美元，本 周累计上涨0.94%交投于11.1万-10.3万美元区间。 ...

Core Insights - The CME Bitcoin futures main contract increased by 4.36% compared to the previous Friday, reaching $109,000 [1] - The CME Ether futures main contract rose by 3.62%, closing at $2,605.00 [1]

夜盘期货开盘，原油、纸浆、橡胶、沪银等上涨；纯碱跌逾1%，沪锌、沪镍、焦煤等下跌。 ...

Core Viewpoint - The "Nansha Financial 30 Measures" aims to position Nansha as a significant financial hub and innovation platform within the Guangdong-Hong Kong-Macao Greater Bay Area, enhancing financial support for technological innovation and entrepreneurship [2][3][9]. Group 1: Policy Development - The "Nansha Financial 30 Measures" builds on previous policies, including the "Nansha Financial Reform 15 Measures" and the "Guangdong-Hong Kong-Macao Greater Bay Area Development Plan," to empower the local economy and industry [2][3]. - The measures include 27 financial reform and innovation initiatives across six areas, such as enhancing financial services for innovation and entrepreneurship, improving social welfare financial services, and promoting cross-border financial innovation [3][4]. Group 2: Financial Support for Innovation - Financial institutions are encouraged to innovate their product offerings and create tailored financial services that meet the specific needs of different industries [4][5]. - Agricultural Bank of China has provided significant financial support, issuing loans totaling 4 billion yuan to over 500 tech enterprises and 3,000 small and micro businesses in Nansha over the past three years [5]. Group 3: Cross-Border Financial Integration - The measures promote cross-border financial integration, including the establishment of a direct capital account for foreign investment enterprises, facilitating smoother capital flows [6]. - The collaboration between Guangzhou Data Exchange and Hong Kong's digital asset platforms aims to enhance data trading services and foster a data-driven economy [8]. Group 4: Strategic Industry Upgrades - The focus on strategic industry upgrades emphasizes the need for a diverse and innovative financial service system that aligns financial resources with industry demands [4][10]. - The measures are expected to create a new advantage for Nansha, combining economic development with financial hub capabilities, thereby enhancing the region's global competitiveness [10]. Group 5: Risk Management and Regulatory Framework - The importance of balancing reform with risk management is highlighted, advocating for enhanced monitoring of cross-border capital flows and the adoption of regulatory technologies [11]. - The use of regulatory sandboxes for testing financial innovations in a controlled environment is suggested as a way to encourage innovation while mitigating risks [11].