市场要闻与数据 化工日报 | 2025-07-08 青岛港口库存继续小幅回升 期货方面，昨日收盘RU主力合约13970元/吨，较前一日变动-35元/吨。NR主力合约12040元/吨，较前一日变动-55 元/吨。现货方面，云南产全乳胶上海市场价格13950元/吨，较前一日变动-50元/吨。青岛保税区泰混13850元/吨， 较前一日变动+0元/吨。青岛保税区泰国20号标胶1715美元/吨，较前一日变动-5美元/吨。青岛保税区印尼20号标胶 1655美元/吨，较前一日变动-5美元/吨。中石油齐鲁石化BR9000出厂价格11400元/吨，较前一日变动-300元/吨。浙 江传化BR9000市场价11150元/吨，较前一日变动-200元/吨。 市场资讯 据隆众了解，进入下旬，半钢胎企业整体出货表现未有改善，国内市场进货压力较大，出口市场尚存支撑，多企 业延续控产，缓解库存增加压力。全钢胎企业表现稍显平稳，听闻，个别工厂次月有回收之前促销政策计划，短 期内或对市场拿货形成一定刺激，短期内关注其他企业价格政策动向。 据国家统计局最新公布的数据显示，2025年5月中国橡胶轮胎外胎产量为10199.3万条，同比下降1.2%。1- ...

光大期货能化商品日报 光大期货能化商品日报（2025 年 7 月 8 日） 一、研究观点 | 品种 | 点评 | 观点 | | --- | --- | --- | | | 周一油价低开高走，其中 WTI 8月合约收盘上涨 0.93 美元至 67.93 | | | | 美元/桶，涨幅 1.39%。布伦特 9 月合约收盘上涨 1.28 美元至 69.58 | | | | 美元/桶，涨幅 1.87%。SC2508 以 512.0 元/桶收盘，上涨 10.7 元/ | | | | 桶，涨幅为 2.13%。油价无视欧佩克+超预期增产利空，价格偏强 | | | | 运行。宏观方面，美国总统特朗普签署行政令，将对等关税生效 | | | | 日和谈判截止日期从 7 月 9 日延后至 8 月 1 日。此外，他还向 14 | | | | 个国家发出首批关税信函，8 月 1 日起将对日本和韩国加征 25% | | | | 关税，对马来西亚、哈萨克斯坦和突尼斯征收 25%的关税，南非 | | | 原油 | 则将面临 30%的税率，老挝和缅甸将被征收 40%的关税。 | 震荡 | | | 其他受影响国家还包括印尼 32%、孟加拉国 3 ...

品种晨会纪要 时间周期说明：短期为一周以内、中期为两周至一月 | 品种 | | 短期 | 中期 | 日内 | 观点参考 | 核心逻辑概要 | | --- | --- | --- | --- | --- | --- | --- | | 沪胶 | 2509 | 震荡 | 震荡 | 震荡 偏弱 | 偏弱运行 | 供需结构偏弱，沪胶震荡偏弱 | | 合成胶 | 2509 | 震荡 | 震荡 | 震荡 偏弱 | 偏弱运行 | 供需结构偏弱，合成胶震荡偏弱 | 投资咨询业务资格：证监许可【2011】1778 号 晨会纪要 宝城期货橡胶早报-2025-07-08 备注： 1.有夜盘的品种以夜盘收盘价为起始价格，无夜盘的品种以昨日收盘价为起始价格，当日日盘收盘 价为终点价格，计算涨跌幅度。 2.跌幅大于 1%为下跌，跌幅 0~1%为震荡偏弱，涨幅 0~1%为震荡偏强，涨幅大于 1%为上涨。 3.震荡偏强/偏弱只针对日内观点，短期和中期不做区分。 主要品种价格行情驱动逻辑—商品期货能源化工板块 沪胶（RU） 日内观点：震荡偏弱 中期观点：震荡 参考观点：偏弱运行 核心逻辑：近日国内高层会议定调，最核心的两个：治理低价无序竞争和 ...

期货热点追踪 橡胶期货价格上涨，电动汽车需求增加，但泰国橡胶产量预期增加，橡胶市场价格将如何变化？ 相关链接 ...

Report Industry Investment Rating No relevant content provided. Core Viewpoints - The current geopolitical risks in the crude oil market remain uncertain. Although OPEC has slightly exceeded expectations in increasing production, the fundamentals are still in a tight - balance. The overall crude oil is in a long - short game between strong reality and weak expectations. It is recommended that investors control risks and adopt a wait - and - see approach [2] - For methanol, in the context of the off - season, the domestic market is likely to show a pattern of weak supply and demand. After the sentiment cools down, it is expected that there will be no significant unilateral price trend. It is recommended to wait and see [2] - Regarding urea, the domestic supply - demand situation is acceptable, and the price has support at the bottom, but the upside space is also restricted by high supply. It is more advisable to pay attention to short - long opportunities on dips [4] - For rubber, the market has different views from bulls and bears. The overall operation is to maintain a long - term bullish view in the medium - term and a neutral view in the short - term [6][8] - For PVC, under the expectation of strong supply and weak demand, the main logic of the market is inventory reduction weakening. The market will still face pressure in the future [10] - For styrene, the short - term geopolitical impact has subsided, and it is expected that the price will fluctuate with a downward bias [12] - For polyethylene, the short - term contradiction has shifted from cost - driven decline to high - maintenance - promoted inventory reduction. The price is expected to remain volatile [14] - For polypropylene, under the background of weak supply and demand in the off - season, the price is expected to be bearish in July [15] - For PX, after the maintenance season ends, the load remains high. In the third quarter, due to the commissioning of new PTA plants, PX is expected to continue to reduce inventory. It is recommended to pay attention to buying on dips following the trend of crude oil [19] - For PTA, in July, the supply - side maintenance is expected to increase, and there will still be a slight reduction in inventory. The processing fee has support, but the demand side is under slight pressure. It is recommended to pay attention to buying on dips following PX [20] - For ethylene glycol, the inventory reduction in ports is expected to slow down. The valuation is neutral year - on - year, and the fundamentals are weak. It is recommended to pay attention to short - selling opportunities later [21] Summary by Relevant Catalogs Crude Oil - **Market Quotes**: WTI's main crude oil futures fell $0.35, or 0.52%, to $67.18; Brent's main crude oil futures fell $0.34, or 0.49%, to $68.51; INE's main crude oil futures fell 1.20 yuan, or 0.24%, to 502.3 yuan [1] - **Data**: China's weekly crude oil data shows that the arrival inventory decreased by 0.65 million barrels to 208.07 million barrels, a month - on - month decrease of 0.31%; gasoline commercial inventory increased by 1.99 million barrels to 87.97 million barrels, a month - on - month increase of 2.32%; diesel commercial inventory increased by 2.14 million barrels to 100.82 million barrels, a month - on - month increase of 2.17%; total refined oil commercial inventory increased by 4.14 million barrels to 188.79 million barrels, a month - on - month increase of 2.24% [1] Methanol - **Market Quotes**: On July 7, the 09 contract fell 7 yuan/ton to 2392 yuan/ton, and the spot price fell 20 yuan/ton, with a basis of +33 [2] - **Supply - Demand Situation**: Upstream maintenance has increased, and the operating rate has declined from a high level, but enterprise profits are still good. Iranian plants have restarted, and the overseas operating rate has returned to a medium - high level. The demand side shows that port olefins have reduced their load, and traditional demand is in the off - season, with the operating rate declining [2] Urea - **Market Quotes**: On July 7, the 09 contract rose 13 yuan/ton to 1748 yuan/ton, and the spot price rose 10 yuan/ton, with a basis of +42 [4] - **Supply - Demand Situation**: The short - term domestic operating rate has declined, and the supply pressure has been relieved. The overall enterprise profit is at a medium - low level, and cost support is expected to gradually strengthen. The demand for compound fertilizers continues to decline, but it is expected to bottom out and rebound with the pre - sale of autumn fertilizers. Export container loading continues, and port inventory has increased significantly [4] Rubber - **Market Quotes**: NR and RU have adjusted downward in a volatile manner [6] - **Bull - Bear Views**: Bulls believe that factors such as weather and policies in Southeast Asia may lead to rubber production cuts, and the price usually rises in the second half of the year. Bears think that the macro - economic outlook has deteriorated, demand is in the off - season, and the production cut may not meet expectations [6] - **Operating Rate and Inventory**: As of July 3, 2025, the operating load of all - steel tires of Shandong tire enterprises was 63.73%, 1.89 percentage points lower than last week and 1.55 percentage points higher than the same period last year. The operating load of semi - steel tires of domestic tire enterprises was 70.04%, 7.64 percentage points lower than last week and 9.02 percentage points lower than the same period last year. As of June 29, 2025, China's natural rubber social inventory was 1.293 million tons, a month - on - month increase of 0.7 million tons, or 0.6% [7][8] PVC - **Market Quotes**: The PVC09 contract fell 14 yuan to 4892 yuan, the spot price of Changzhou SG - 5 was 4770 (-30) yuan/ton, the basis was - 122 (-16) yuan/ton, and the 9 - 1 spread was - 99 (-2) yuan/ton [10] - **Supply - Demand Situation**: Recently, there have been more maintenance activities, but production remains at a high level, and there are expectations of multiple plant commissions in the short term. The downstream operating rate is still weak compared with previous years and is entering the off - season. In July, India's anti - dumping measures are expected to be implemented, and exports are expected to weaken [10] Styrene - **Market Quotes**: The spot price has risen, the futures price has fallen, and the basis has strengthened [12] - **Supply - Demand Situation**: The market is waiting for the OPEC+ meeting's production increase decision. The cost of pure benzene has increased in supply, the profit of ethylbenzene dehydrogenation has risen, and the styrene operating rate has continued to rise. The port inventory has increased, and the demand for three S products has declined seasonally [12] Polyethylene - **Market Quotes**: The futures price has fallen, and the spot price has remained unchanged. The PE valuation has limited downward space [14] - **Supply - Demand Situation**: The OPEC+ meeting's production increase decision slightly exceeded expectations, and crude oil has oscillated downward. Traders' inventory has continued to increase at a high level, and the support for prices has weakened. The demand for agricultural films is in the off - season, and the overall operating rate has declined [14] Polypropylene - **Market Quotes**: The futures price has fallen, and the spot price has remained unchanged [15] - **Supply - Demand Situation**: The profit of Shandong refineries has stopped falling and rebounded, and the operating rate is expected to gradually recover. The downstream operating rate has declined seasonally. Under the background of weak supply and demand in the off - season, the price is expected to be bearish in July [15] PX - **Market Quotes**: The PX09 contract fell 68 yuan to 6672 yuan, and PX CFR fell 9 dollars to 840 dollars, with a basis of 254 yuan (-5) [17] - **Supply - Demand Situation**: The Chinese operating load was 81%, a month - on - month decrease of 2.8%; the Asian operating load was 74.1%, a month - on - month increase of 1.1%. Some domestic plants have reduced their loads or undergone maintenance, while some overseas plants have restarted or increased their loads. PTA operating load has increased slightly. In June, South Korea's PX exports to China increased year - on - year. Inventory decreased in May [17] PTA - **Market Quotes**: The PTA09 contract fell 36 yuan/ton to 4710 yuan, and the East China spot price fell 55 yuan to 4835 yuan, with a basis of 97 yuan (-30) [20] - **Supply - Demand Situation**: The PTA operating load was 78.2%, a month - on - month increase of 0.5%. Some plants have adjusted their loads. The downstream operating load was 90.6%, a month - on - month decrease of 0.8%. Some downstream plants have carried out maintenance or production cuts. Social inventory decreased slightly in June [20] Ethylene Glycol - **Market Quotes**: The EG09 contract fell 11 yuan/ton to 4277 yuan, and the East China spot price fell 5 yuan to 4365 yuan, with a basis of 76 (0) [21] - **Supply - Demand Situation**: The supply - side operating rate was 66.5%, a month - on - month decrease of 0.7%. Some domestic and overseas plants have undergone maintenance or restarted. The downstream operating load was 90.6%, a month - on - month decrease of 0.8%. Port inventory has decreased, but the inventory reduction is expected to slow down [21]

东南亚处在割胶旺季 根据季节性规律，当前，我国云南和海南产区处在割胶旺季，东南亚各产胶国产量也处于稳步回升的阶 段。据天然橡胶生产国协会（ANRPC）最新发布的报告，2025年5月天胶生产国协会成员国合计产胶量 达79.13万吨，环比大幅增加24.97万吨；1—5月天胶生产国协会成员国合计产胶量达369.98万吨，同比 小幅增加2.46万吨，增幅达0.67%。未来7—12月，在没有极端天气干扰的情况下，国内胶水产量环比增 长趋势无法动摇。换言之，未来胶市供应压力将继续增大。 轮胎行业开工率回落 随着夏季高温天气到来，终端车市需求转入淡季，轮胎产销季节性转弱，我国轮胎行业开工率阶段性回 落。截至2025年7月4日当周，国内半钢胎样本企业产能利用率为64.13%，周度大幅下降6.27个百分点， 同比大幅回落15.27个百分点；全钢胎样本企业产能利用率为61.53%，周度略微下滑0.17个百分点，同 比略微走低0.67个百分点。在出口和内销形势趋于严峻的背景下，国内轮胎产量增速放缓。受下游轮胎 需求减弱拖累，青岛保税区橡胶库存维持累积趋势。 随着中东地缘风险降温，国内橡胶板块商品属性再度占据主导地位。目前处在割胶旺 ...

Report Summary 1. Report Industry Investment Rating No information provided. 2. Report's Core View - Global natural rubber production areas are gradually starting to tap rubber. In the Yunnan production area, there are still weather disturbances, with high raw material purchase prices. In the Hainan production area, due to continuous precipitation, the rubber - tapping operation has recovered slowly, and the raw material supply is limited. The overall supply is affected [2]. - The total inventory of spot goods at Qingdao Port has shown a slight increase. The bonded warehouse is in a state of destocking, while the general trade inventory has a narrowing increase. Overseas supplies arriving at the port and entering the warehouse have decreased month - on - month, and the downstream demand has weakened [2]. - Last week, the capacity utilization rate of domestic tire enterprises decreased month - on - month. Some semi - steel tire enterprises had maintenance arrangements, and some enterprises reduced their production loads. This week, as the maintenance of enterprises gradually ends, production will gradually recover, which will drive the overall capacity utilization rate of tire enterprises [2][3]. - The RU2509 contract is expected to fluctuate in the range of 13,800 - 14,200 yuan/ton in the short - term, and the NR2508 contract is expected to fluctuate in the range of 11,950 - 12,200 yuan/ton in the short - term [2]. 3. Summary According to Relevant Catalogs 3.1 Futures Market - The closing price of the main contract of Shanghai rubber is 13,970 yuan/ton, down 35 yuan/ton; the 9 - 1 spread is - 875 yuan/ton, up 20 yuan/ton. The closing price of the main contract of 20 - number rubber is 12,040 yuan/ton, down 55 yuan/ton; the 8 - 9 spread is 10 yuan/ton, unchanged [2]. - The spread between Shanghai rubber and 20 - number rubber is 1,930 yuan/ton, up 20 yuan/ton. The position of the main contract of Shanghai rubber is 153,660 lots, up 827 lots; the position of the main contract of 20 - number rubber is 32,672 lots, down 1,047 lots [2]. - The net position of the top 20 in Shanghai rubber is - 21,393 lots, up 2,510 lots; the net position of the top 20 in 20 - number rubber is - 4,423 lots, up 1,688 lots. The exchange warehouse receipts of Shanghai rubber are 188,820 tons, down 30 tons; the exchange warehouse receipts of 20 - number rubber are 32,760 tons, up 3,024 tons [2]. 3.2 Spot Market - The price of state - owned whole latex in the Shanghai market is 14,000 yuan/ton, down 50 yuan/ton; the price of Vietnamese 3L is 14,450 yuan/ton, down 50 yuan/ton. The price of Thai RMB mixed rubber is 13,850 yuan/ton, down 50 yuan/ton; the price of Malaysian RMB mixed rubber is 13,800 yuan/ton, down 50 yuan/ton [2]. - The price of Qilu Petrochemical's styrene - butadiene 1502 is 11,700 yuan/ton, down 200 yuan/ton; the price of Qilu Petrochemical's cis - butadiene BR9000 is 11,700 yuan/ton, unchanged [2]. - The basis of Shanghai rubber is 30 yuan/ton, down 15 yuan/ton; the basis of non - standard products of the main contract of Shanghai rubber is - 155 yuan/ton, down 40 yuan/ton. The price of 20 - number rubber in the Qingdao market is 12,232 yuan/ton, down 34 yuan/ton; the basis of the main contract of 20 - number rubber is 192 yuan/ton, up 21 yuan/ton [2]. 3.3 Upstream Situation - The market reference price of Thai raw rubber (smoked sheet) is 65.55 Thai baht/kg, down 0.11 Thai baht/kg; the market reference price of Thai raw rubber (film) is 62.52 Thai baht/kg, up 0.21 Thai baht/kg. The market reference price of Thai raw rubber (glue) is 54.5 Thai baht/kg, unchanged; the market reference price of Thai raw rubber (cup rubber) is 48.45 Thai baht/kg, down 0.1 Thai baht/kg [2]. - The theoretical production profit of RSS3 is 152.4 US dollars/ton, up 15 US dollars/ton; the theoretical production profit of STR20 is 6.6 US dollars/ton, down 5.8 US dollars/ton [2]. - The monthly import volume of technically specified natural rubber is 148,200 tons, down 38,600 tons; the monthly import volume of mixed rubber is 222,300 tons, down 26,400 tons [2]. 3.4 Downstream Situation - The weekly operating rate of all - steel tires is 63.75%, down 1.89 percentage points; the weekly operating rate of semi - steel tires is 70.41%, down 7.64 percentage points [2]. - The inventory days of all - steel tires in Shandong at the end of the week are 40.45 days, down 1.48 days; the inventory days of semi - steel tires in Shandong at the end of the week are 46.48 days, down 1.67 days [2]. - The monthly output of all - steel tires is 12.62 million pieces, up 800,000 pieces; the monthly output of semi - steel tires is 55.23 million pieces, up 1.08 million pieces [2]. 3.5 Option Market - The 20 - day historical volatility of the underlying is 17.18%, down 0.02 percentage points; the 40 - day historical volatility of the underlying is 22.82%, down 0.03 percentage points [2]. - The implied volatility of at - the - money call options is 23.09%, down 0.17 percentage points; the implied volatility of at - the - money put options is 23.09%, down 0.16 percentage points [2]. 3.6 Industry News - In the first week of July 2025, the rainfall in the main natural rubber producing areas in Southeast Asia decreased compared with the previous period. The impact on rubber - tapping work in the northern part of the equator decreased slightly, while the impact in the southern part of the equator increased slightly [2]. - As of July 6, 2025, the total inventory of natural rubber in Qingdao Port was 632,400 tons, up 300 tons, an increase of 0.05%. The bonded area inventory was 78,800 tons, a decrease of 2.36%; the general trade inventory was 553,600 tons, an increase of 0.40% [2]. - In June 2025, the sales volume of China's heavy - truck market was about 92,000 vehicles, a month - on - month increase of 4% and a year - on - year increase of about 29%. From January to June this year, the cumulative sales volume of China's heavy - truck market was about 533,300 vehicles, a year - on - year increase of about 6% [2].

投资咨询业务资格：证监许可【2012】31号 【天然橡胶周报（RU&NR)】 市场缺乏驱动，橡胶震荡表现 国贸期货 能源化工研究中心 2025-07-07 叶海文 从业资格证号：F3071622 投资咨询证号：Z0014205 本报告非期货交易咨询业务项下服务，其中的观点和信息仅供参考，不构成任何投资建议；期市有风险，投资需谨慎 01 PART ONE 主要观点及策略概述 天然橡胶:市场缺乏驱动，橡胶震荡表现 | 影响因素 | 驱动 | 主要逻辑 | | --- | --- | --- | | 供给 | 偏空 | （1）国内产区：本周海南产区受持续降雨天气影响，岛内新胶生产释放进度缓慢听闻全岛日 收胶量大致在1000-2000吨左右。云南产区持续性降雨阻碍 割胶作业，胶水产量有限，原料供应趋紧推动收购价格上行。（2）泰国产区：目前泰国整体原料供应稳定上量，受制于浓乳需求疲软拖拽，胶水价格持 | | | | 续下跌， 干胶厂仍有加价抢原料生产，杯水价差缩窄。（3）越南产区：越南产区已进入季节性增产周期，随着本周降水量较上周呈现明显回落，天气改 | | | | 善促使割胶作业逐 步恢复，原料供应量实现环比增长，原 ...

Summary of Key Points Core Viewpoint - The issuance of new shares by Huadian New Energy has raised a total of 15.801 billion yuan, making it the largest fundraising company this year, primarily for wind and solar power projects [2]. Group 1: New Share Issuance - Huadian New Energy issued 4.969 billion shares at a price of 3.18 yuan per share, raising 15.801 billion yuan [1]. - A total of 50 companies have gone public this year, raising a cumulative amount of 54.588 billion yuan, with an average fundraising of 1.092 billion yuan per company [1]. - Among the new issuances, 11 companies raised over 1 billion yuan, with one company exceeding 10 billion yuan [1]. Group 2: Fundraising Distribution - The distribution of fundraising amounts shows that the Shanghai main board had 12 new issuances raising 29.562 billion yuan, while the Shenzhen main board had 7 issuances raising 3.761 billion yuan [1]. - The ChiNext board had 19 new issuances raising 11.428 billion yuan, and the Sci-Tech Innovation Board had 7 issuances raising 7.901 billion yuan [1]. - The Beijing Stock Exchange had 5 new issuances raising 1.937 billion yuan [1]. Group 3: Notable Fundraising Companies - Huadian New Energy is followed by Zhongce Rubber, which raised 4.066 billion yuan for working capital and tire production projects [2]. - Other notable companies include Tianyouwei, Yitang Co., and Yingshi Innovation, raising 3.740 billion yuan, 2.497 billion yuan, and 1.938 billion yuan respectively [2]. - The average initial public offering price this year is 23.73 yuan, with four companies priced above 50 yuan, the highest being Tianyouwei at 93.50 yuan [2]. Group 4: Regional Distribution - New share issuances are primarily concentrated in Jiangsu, Guangdong, and Zhejiang, with 11, 10, and 10 companies respectively [2]. - The top fundraising provinces are Fujian, Zhejiang, and Guangdong, with amounts of 15.801 billion yuan, 9.693 billion yuan, and 7.299 billion yuan respectively [2].

1. Report Industry Investment Rating No industry investment rating is provided in the report. 2. Core Viewpoints - The report provides trend forecasts for various futures products, including precious metals, base metals, energy, agricultural products, etc., with different products showing trends such as rising, falling, and fluctuating [2][4]. 3. Summary by Related Catalogs Precious Metals - **Gold**: Non - farm payrolls exceeded expectations, with a trend strength of - 1 [2][6][9]. - **Silver**: Continued to rise, with a trend strength of 1 [2][6][9]. Base Metals - **Copper**: Global inventories increased, and prices fluctuated, with a trend strength of 0 [2][11][13]. - **Zinc**: Traded sideways, with a trend strength of 0 [2][14]. - **Lead**: Supported by short - term consumption peak season expectations, with a trend strength of 1 [2][16][17]. - **Tin**: Driven by the macro - environment, with a trend strength of 0 [2][19][22]. - **Nickel**: Upside potential was limited, and prices were under pressure at low levels, with a trend strength of 0 [2][23]. - **Stainless Steel**: Inventories were slightly digested, and prices recovered but with limited elasticity, with a trend strength of 0 [2][24][29]. Energy and Chemicals - **Carbonate Lithium**: Prices were under pressure, with a trend strength of - 1 [2][30][33]. - **Industrial Silicon**: Adopt a strategy of shorting at high prices, with a trend strength of - 1 [2][34][36]. - **Polysilicon**: Attention should be paid to policy changes, with a trend strength of - 1 [2][34][36]. - **Iron Ore**: Expectations were volatile, and prices fluctuated widely, with a trend strength of - 1 [2][37]. - **Rebar**: Fluctuated widely, with a trend strength of 0 [2][39][42]. - **Hot - Rolled Coil**: Fluctuated widely, with a trend strength of 0 [2][40][42]. - **Silicon Ferrosilicon**: Fluctuated widely, with a trend strength of - 1 [2][43][46]. - **Manganese Ferrosilicon**: Fluctuated widely, with a trend strength of - 1 [2][43][46]. - **Coke**: The first round of price increase was brewing, and prices fluctuated widely, with a trend strength of 0 [2][48][50]. - **Coking Coal**: Fluctuated widely, with a trend strength of 0 [2][48][50]. - **Steam Coal**: Daily consumption recovered, and prices stabilized with fluctuations, with a trend strength of 0 [2][52][55]. - **Log**: The main contract switched, and prices fluctuated widely, with a trend strength of 0 [2][56][58]. - **Para - Xylene**: Cost support was weak, with a trend strength of - 1 [2][59][65]. - **PTA**: Close the long - PX short - PTA position, with a trend strength of - 1 [2][59][66]. - **MEG**: Traded in a single - sided oscillation, with a trend strength of 0 [2][59][66]. - **Rubber**: Traded in an oscillatory manner [2][67]. Others - **Fuel Oil**: Adjusted narrowly at night, with low - level fluctuations in the market [4]. - **Low - Sulfur Fuel Oil**: Strong in the short - term, with the high - low sulfur spread in the overseas spot market oscillating at a high level [4]. - **Container Shipping Index (European Line)**: The 08 contract oscillated and sorted; hold a light short position in the 10 contract [4]. - **Short - Fiber**: Traded weakly with oscillations, and demand pressure gradually emerged [4]. - **Bottle Chip**: Traded weakly with oscillations, long PR short PF [4]. - **Offset Printing Paper**: Traded in an oscillatory manner [4]. - **Palm Oil**: Fundamental contradictions were not obvious, and prices were greatly affected by international oil prices [4]. - **Soybean Oil**: There was insufficient speculation on U.S. soybean weather, lacking driving forces [4]. - **Soybean Meal**: The U.S. soybean market was closed overnight, lacking guidance, and the Dalian soybean meal might oscillate [4]. - **Soybean No. 1**: Spot prices were stable, and the market oscillated [4]. - **Corn**: Traded in an oscillatory manner [4]. - **Sugar**: Traded in a narrow range [4]. - **Cotton**: Attention should be paid to U.S. tariff policies and their impacts [4]. - **Egg**: It was difficult to increase the culling rate, and attention should be paid to the pre - emptive expectations [4]. - **Live Pig**: The gaming sentiment increased [4]. - **Peanut**: There was support at the bottom [4].