Group 1: Report Industry Investment Rating - The investment rating for the industry is neutral [4] Group 2: Core View of the Report - The USDA unexpectedly cut the soybean planting area, and the prices of the three major oils oscillated upward. Despite a record - high yield per unit, the significant reduction in the planting area led the USDA to lower the soybean production forecast. With the bullish impact of the USDA report and the conclusion of the anti - dumping investigation on Canadian rapeseed, the overall situation provided some support for the oil market, causing the oil prices to strengthen [1][3] Group 3: Market Analysis Summary Futures Market - The closing price of the palm oil 2509 contract was 9424.00 yuan/ton, with a month - on - month change of +62 yuan and a change rate of +0.66%. The closing price of the soybean oil 2509 contract was 8576.00 yuan/ton, with a month - on - month change of +100.00 yuan and a change rate of +1.18%. The closing price of the rapeseed oil 2509 contract was 10064.00 yuan/ton, with a month - on - month change of +262.00 yuan and a change rate of +2.67% [1] Spot Market - In the Guangdong region, the spot price of palm oil was 9470.00 yuan/ton, with a month - on - month change of +150.00 yuan and a change rate of +1.61%. The spot basis was P09 + 46.00, with a month - on - month change of +88.00 yuan. In the Tianjin region, the spot price of first - grade soybean oil was 8680.00 yuan/ton, with a month - on - month change of +110.00 yuan/ton and a change rate of +1.28%. The spot basis was Y09 + 104.00, with a month - on - month change of +10.00 yuan. In the Jiangsu region, the spot price of fourth - grade rapeseed oil was 10170.00 yuan/ton, with a month - on - month change of +260.00 yuan and a change rate of +2.62%. The spot basis was OI09 + 106.00, with a month - on - month change of - 2.00 yuan [1] Group 4: Recent Market Information Summary Palm Oil Export Tax - Malaysia raised its reference price for crude palm oil in September, increasing the export tax to 10%. The reference price for crude palm oil in September was 4053.43 ringgit per ton (962.12 US dollars), compared to 3864.12 US dollars in August with an export tax of 9% [2] Soybean and Rapeseed Prices - The C&F price of US Gulf soybeans (September shipment) was 457 US dollars/ton, up 8 US dollars/ton from the previous trading day. The C&F price of US West soybeans (September shipment) was 451 US dollars/ton, up 8 US dollars/ton. The C&F price of Brazilian soybeans (October shipment) was 498 US dollars/ton, up 14 US dollars/ton. The C&F price of Canadian rapeseed (October shipment) was 542 US dollars/ton, down 14 US dollars/ton, and the C&F price of Canadian rapeseed (December shipment) was 532 US dollars/ton, down 14 US dollars/ton [2] Imported Oil Prices - The C&F price of Argentine soybean oil (September shipment) was 1146 US dollars/ton, up 21 US dollars/ton from the previous trading day, and the C&F price of Argentine soybean oil (November shipment) was 1138 US dollars/ton, up 19 US dollars/ton. The C&F price of Canadian rapeseed oil (September shipment) was 1035 US dollars/ton, unchanged from the previous trading day, and the C&F price of Canadian rapeseed oil (November shipment) was 1015 US dollars/ton, unchanged [2] USDA Forecast - The USDA expected the soybean yield per unit in the United States in the 2025/26 season to reach 53.6 bushels per acre, higher than the July forecast of 52.5 bushels and the analyst's expectation of 52.9 bushels. The USDA significantly cut the soybean planting area forecast from 83.4 million acres in July to 80.9 million acres, and lowered the soybean production forecast from 4.335 billion bushels in July to 4.292 billion bushels [2][3]

Core Viewpoint - The corn purchasing prices for deep processing enterprises in Northeast China have been rising, but the market outlook suggests a downward pressure on corn prices due to limited new corn procurement and the upcoming new harvest in mid-September [1][6]. Group 1: Price Trends - In early August, the average corn purchasing price for deep processing enterprises in Northeast China reached its highest point of the year at 2242 yuan/ton, which is slightly higher than July's average by 2 yuan/ton but lower than last year's August average by 31.5 yuan/ton, reflecting a decline of 1.39% [1]. - The overall corn prices have increased this year, putting significant pressure on deep processing enterprises [3]. Group 2: Purchasing Volume - From January to June, the monthly corn purchasing volume for Northeast deep processing enterprises showed a downward trend, with a rebound in July where the total purchasing volume reached 960,000 tons, a 16% increase month-on-month but a 7% decrease year-on-year [3]. - The total corn purchasing volume from January to July was approximately 8.83 million tons, representing a 24% decrease compared to the same period last year [3]. Group 3: Inventory and Demand - As of early August, the average corn inventory days for deep processing enterprises in the three northeastern provinces was about 39 days, with limited new corn procurement expected before the new harvest [5]. - The operating load of major deep processing industries showed a declining trend in July, with a month-on-month decrease of 2 to 13 percentage points [5]. - Seasonal demand for corn products like starch and lysine is expected to recover slightly in late August due to reduced high temperatures and the back-to-school season, but new corn demand is unlikely to see significant increases [6]. Group 4: Market Outlook - The market outlook indicates that from August to September, deep processing enterprises in Northeast China will primarily rely on contract grain and inventory, with limited new corn demand, leading to a high probability of downward pressure on corn prices [6]. - It is anticipated that the mainstream corn prices in Northeast China will decline by 50-100 yuan/ton from mid-August to mid-September due to the increasing supply from other regions and the narrowing sales window for old grain [6].

Report Industry Investment Ratings No relevant information provided. Core Views - The central government's policies show care for the capital market, with a long - term bullish outlook for the stock market, but short - term volatility may intensify [3]. - In the bond market, interest rates are expected to decline in the long run, but may enter a short - term shock pattern [5]. - For precious metals, the Fed is expected to adopt a more accommodative monetary policy, and it is recommended to buy on dips [7]. - In the non - ferrous metals market, different metals have different trends, with some expected to be volatile and strong, and some facing downward risks [9][12]. - In the black building materials market, steel prices may weaken if demand cannot be effectively repaired, and the prices of related products are affected by supply, demand, and market sentiment [25]. - In the energy and chemical market, the prices of various products are affected by factors such as supply, demand, cost, and market sentiment, and different trading strategies are recommended [44][45]. - In the agricultural products market, different products have different supply - demand situations and price trends, and corresponding trading suggestions are provided [56][57]. Summary by Category Macro - financial Stock Index - News: As of the end of July, M2 increased by 8.8% year - on - year, and the social financing scale from January to July was 23.99 trillion yuan, 5.12 trillion yuan more than the same period last year. 188 billion yuan in special treasury bonds for equipment renewal investment subsidies has been allocated, driving over 1 trillion yuan in total investment [2]. - Basis ratio of stock index futures: Different contracts of IF, IC, IM, and IH have different basis ratios. The trading logic is to go long on dips in the long run, but short - term volatility may intensify [3]. Treasury Bonds - Market: On Wednesday, the main contracts of TL, T, TF, and TS all rose. As of the end of July, M2 was 329.94 trillion yuan, up 8.8% year - on - year, and M1 was 111.06 trillion yuan, up 5.6% year - on - year. The central bank conducted 1185 billion yuan in 7 - day reverse repurchase operations on Wednesday, with a net withdrawal of 200 billion yuan [4]. - Strategy: Interest rates are expected to decline in the long run, but may enter a short - term shock pattern [5]. Precious Metals - Market: Shanghai gold rose 0.11%, and Shanghai silver rose 1.12%. COMEX gold fell 0.03%, and COMEX silver fell 0.10%. The US 10 - year Treasury yield was 4.24%, and the US dollar index was 97.77 [6]. - Outlook: The US Treasury Secretary called for more aggressive interest rate cuts, and the Fed is expected to adopt a more accommodative monetary policy. It is recommended to buy on dips [7]. Non - ferrous Metals Copper - Market: The US dollar index weakened, and copper prices rose and then fell. LME inventory increased, and domestic spot premiums were firm. - Price trend: Copper prices may be volatile and strong in the short term, with the Shanghai copper main contract operating in the range of 78600 - 79800 yuan/ton, and LME copper 3M in the range of 9650 - 9850 US dollars/ton [10]. Aluminum - Market: The domestic commodity atmosphere cooled, and aluminum prices fluctuated and corrected. LME inventory increased slightly, and domestic inventory decreased slightly. - Price trend: Aluminum prices may be volatile in the short term, with the domestic main contract operating in the range of 20550 - 20800 yuan/ton, and LME aluminum 3M in the range of 2580 - 2640 US dollars/ton [11]. Zinc - Market: Zinc prices fell slightly. Zinc ore was in a loose supply situation, and domestic zinc ingots were in excess. - Price trend: Zinc prices still face significant downward risks [12]. Lead - Market: Lead prices rose slightly. Lead ore port inventory increased, and the start - up rate of primary lead recovered. Downstream consumption pressure was high. - Price trend: Lead prices may be volatile and strong in the short term [15]. Nickel - Market: Nickel prices fluctuated narrowly. Nickel ore prices were stable, and nickel iron prices rose slightly, but the surplus pressure remained. - Price trend: Nickel prices may rebound slightly in the short term but face correction pressure. It is recommended to wait and see [16]. Tin - Market: Tin prices fluctuated. Supply was expected to increase in the third and fourth quarters, but short - term supply pressure remained. Demand was weak domestically but strong overseas due to AI computing power. - Price trend: Tin prices are expected to oscillate in the range of 250000 - 275000 yuan/ton in the domestic market and 31000 - 34000 US dollars/ton in the LME market [17]. Carbonate Lithium - Market: The spot index of carbonate lithium rose, and the futures price also increased. The market was affected by supply news and capital games. - Price trend: It is recommended that speculative funds wait and see, and holders can seize entry points. The reference operating range of the 2511 contract is 82400 - 88880 yuan/ton [18][19]. Alumina - Market: Alumina prices fell. Ore supply disturbances continued, but the over - capacity pattern remained. - Strategy: It is recommended to short on rallies after the short - term bullish sentiment fades. The reference operating range of the domestic main contract AO2509 is 3100 - 3500 yuan/ton [20]. Stainless Steel - Market: Stainless steel prices fell slightly. Social inventory decreased, and market trading was inactive. - Price trend: The stainless steel market may continue to consolidate in the short term [21]. Cast Aluminum Alloy - Market: Cast aluminum alloy prices rose slightly. The downstream was in the off - season, with weak supply and demand. - Price trend: The upward space of prices is relatively limited [22]. Black Building Materials Steel - Market: Rebar and hot - rolled coil prices fell. Rebar showed a pattern of increasing supply and demand, and hot - rolled coil showed a pattern of decreasing supply and demand, with both inventories rising. - Price trend: If demand cannot be effectively repaired, steel prices may fall [25]. Iron Ore - Market: Iron ore prices fell slightly. Overseas shipments and arrivals decreased, and iron water production decreased slightly. - Price trend: Iron ore prices are mainly affected by sentiment and fundamentals, and attention should be paid to changes in terminal demand [27]. Glass and Soda Ash - Glass: Glass prices fell significantly. Inventory increased, and downstream demand was weak. It is expected to oscillate in the short term and follow macro - sentiment in the long term [28]. - Soda Ash: Soda ash prices fluctuated widely. Inventory increased, and downstream demand was difficult to improve quickly. It is expected to oscillate in the short term and the price center may rise in the long term [29]. Manganese Silicon and Ferrosilicon - Market: Manganese silicon and ferrosilicon prices fell slightly. The market is affected by "anti - involution" sentiment and fundamentals. - Strategy: It is recommended that speculative funds wait and see, and hedging funds can seize opportunities [30][31]. Industrial Silicon and Polysilicon - Industrial Silicon: Industrial silicon prices fell. Supply is expected to increase, and demand can provide some support. Prices are expected to oscillate weakly [35]. - Polysilicon: Polysilicon prices fell. Supply is expected to increase in August, and inventory is likely to accumulate. Prices are expected to oscillate widely [36]. Energy and Chemical Rubber - Market: NR and RU oscillated. The long and short sides have different views. - Strategy: It is recommended to have a neutral view and operate in and out quickly, and consider short - term spread trading [43]. Crude Oil - Market: Crude oil prices fell. US commercial crude oil inventory increased, and SPR inventory increased slightly. - Outlook: Oil prices are currently underestimated, and it is a good opportunity for left - side layout [44]. Methanol - Market: Methanol prices fell. Domestic start - up decreased, and port inventory increased. - Strategy: It is recommended to wait and see [45]. Urea - Market: Urea prices fell. Domestic start - up decreased, and demand was weak. - Strategy: It is recommended to pay attention to long positions on dips [46]. Styrene - Market: Styrene prices fell. The cost side provides support, and the port inventory decreased significantly. - Price trend: The BZN spread may repair, and prices may rise with the cost side after inventory reduction [47]. PVC - Market: PVC prices fell. Supply was strong, demand was weak, and inventory increased. - Strategy: It is recommended to wait and see [49]. Ethylene Glycol - Market: Ethylene glycol prices fell. Supply decreased slightly, demand increased slightly, and port inventory increased. - Price trend: The short - term valuation may decline [50]. PTA - Market: PTA prices fell. Supply is expected to increase and inventory to accumulate, and demand is expected to improve after the off - season. - Strategy: Pay attention to the opportunity to go long with PX on dips after the peak season [51]. p - Xylene - Market: PX prices fell. PX load remained high, and downstream PTA maintenance increased. - Price trend: PX is expected to continue to destock, and pay attention to the opportunity to go long with crude oil on dips after the peak season [52]. Polyethylene (PE) - Market: PE prices fell. Supply pressure is expected to increase in August, and demand is in the off - season. - Strategy: It is recommended to hold short positions [53]. Polypropylene (PP) - Market: PP prices rose. The cost side may dominate the market, and supply and demand are both weak in the off - season. - Price trend: PP prices may rise slightly with crude oil in July [54]. Agricultural Products Live Pigs - Market: Pig prices rose slightly. Supply is not short, and there is room for future price increases. - Strategy: It is recommended to go long on dips for medium - and long - term contracts and pay attention to spread trading opportunities for far - month contracts [56]. Eggs - Market: Egg prices were mostly stable. Supply was large, and the price performance in the peak season was weaker than expected. - Strategy: Pay attention to short - selling opportunities after the price rebounds [57]. Soybean and Rapeseed Meal - Market: US soybeans rose slightly, and rapeseed meal fell from the high. Domestic soybean meal spot basis decreased. - Strategy: It is recommended to go long on dips in the cost range of soybean meal and pay attention to changes in Sino - US trade relations [60]. Oils and Fats - Market: Palm oil prices rose slightly, and rapeseed oil prices fluctuated. Malaysian palm oil exports increased in early August. - Strategy: Oils and fats prices are expected to oscillate, and the upward space is limited [62]. Sugar - Market: Sugar prices rebounded. Brazilian sugar exports increased in early August. - Price trend: International and domestic sugar supply is expected to increase, and Zhengzhou sugar prices may continue to fall [63]. Cotton - Market: Cotton prices rebounded. The USDA report was positive, and Sino - US tariffs were suspended. - Price trend: Cotton prices may continue to oscillate at a high level in the short term [64].

据浙商期货油脂油料分析师王璐介绍，加拿大作为我国菜系产品的主要进口来源国，分别占国内进口菜 籽、菜粕总量的90%和70%以上。此次反倾销调查初裁"落地"，后续加拿大油菜籽的到港成本将抬升， 恐影响国内菜粕及菜油供应。"其中，菜油端因近年来自俄罗斯等地的进口量有所提升，加之国内豆油 供应的支撑，预计其后续供应紧张程度将弱于菜粕。" 王璐说。 "事实上，我国自2024年9月启动对加拿大油菜籽反倾销调查以来，国内菜籽进口量已显著下滑。同时， 由于保证金措施最长可持续7个月，叠加18个月的调查期限制，国内四季度的菜籽供应预计将继续下 降，这对菜籽粕、菜籽油期货价格均构成利多支撑。"石丽红补充说。 供需共振增强上涨动能 值得注意的是，当前是水产养殖旺季，正逢菜粕刚性需求高峰。国元期货油脂油料分析师刘金鹭表示， 菜粕刚性需求增加，供应收缩预期与强势现实需求形成共振，短期价格易涨难跌。 "整体来看，在反倾销调查初裁认定的刺激下，菜系期货短期内将维持强势格局。"刘金鹭同时提醒，事 件驱动是当前盘面的主要支撑，但也需警惕高库存压力以及豆粕等替代品竞争可能引发的回调风 险。"投资者可关注远月合约的多头机会，同时密切跟踪中加贸易谈 ...

Market Overview - The agricultural processing sector increased by 0.34% on August 13, with XD Zhongliang Sugar leading the gains [1] - The Shanghai Composite Index closed at 3683.46, up 0.48%, while the Shenzhen Component Index closed at 11551.36, up 1.76% [1] Top Performers - XD Zhongliang Sugar (600737) closed at 11.47, up 4.84%, with a trading volume of 1.4852 million shares and a turnover of 1.664 billion [1] - Jinlongyu (300999) closed at 31.53, up 2.64%, with a trading volume of 369,800 shares and a turnover of 1.173 billion [1] - ST Langyuan (300175) closed at 5.30, up 2.32%, with a trading volume of 91,600 shares and a turnover of 48.128 million [1] Underperformers - Oufu Egg Industry (839371) closed at 10.87, down 1.81%, with a trading volume of 33,300 shares and a turnover of 36.518 million [2] - *ST Zhongji (000972) closed at 3.61, down 1.63%, with a trading volume of 186,800 shares and a turnover of 68.045 million [2] - Daodaoquan (002852) closed at 12.09, down 1.63%, with a trading volume of 142,200 shares and a turnover of 172 million [2] Capital Flow - The agricultural processing sector saw a net inflow of 76.4848 million from institutional investors, while retail investors experienced a net outflow of 5.9339 million [2] - Major stocks like XD Zhongliang Sugar and Jinlongyu had varying capital flows, with XD Zhongliang Sugar seeing a net inflow of 8.5064 million from retail investors [3]

格隆汇8月13日丨索宝蛋白(603231.SH)在投资者互动平台表示，公司主营业务为大豆蛋白系列产品的研 发、生产和销售，已构建起完整的非转基因大豆深加工产业链。公司暂未生产婴幼儿抗过敏大豆蛋白。 ...

gtaxinstitute@essence.com.cn 综合晨报 2025年08月13日 (原油) 隔夜国际油价回落，布伦特10合约跌0.9％。上周美国API原油库存超预期增加151.9万桶，馏分油 库存亦录得增长,四季度旺季过后需求回落叠加OPEC+220万桶/天剩余产能完成回归,盈余幅度约 是前三季度的两倍，中期供需宽松压力始终存在。原油市场仍在等待美俄会谈带来新的方向指引， 而谈判的双向结果均将引发油价较大波动,本周暂以震荡行情看待,关注SC10合约虚值期权的双买 机会。 (责金属) 隔夜贵金属表现震荡，美国公布7月CP1年率持平在2.7%略低于预期，不过核心CP1年率录得3.1%高 于预期为五个月高位,数据发布后市场维持美联储9月重启降息的押注,特朗普发文再度敦促降息。 聚焦本周美俄领导会谈，市场情绪面临波动，贵金属震荡趋势中耐心等待回调布局机会。 （铜） 隔夜铜价走高，中美延长现行关税政策，且美国7月CPI增幅低于预期，支持9月降息，美元走低， 美股再高。沪铜夜盘再临7.95万，关注今日现货报价。7月国内铜产出再创新高，市场预计8月环降 幅度不大。倾向铜价难有效突破7.95万,逢高空配。 (铝) ...

gtaxinstitute@essence.com.cn 综合晨报 2025年08月13日 (原油) 隔夜国际油价回落，布伦特10合约跌0.9％。上周美国API原油库存超预期增加151.9万桶，馏分油 库存亦录得增长,四季度旺季过后需求回落叠加OPEC+220万桶/天剩余产能完成回归,盈余幅度约 是前三季度的两倍，中期供需宽松压力始终存在。原油市场仍在等待美俄会谈带来新的方向指引， 而谈判的双向结果均将引发油价较大波动,本周暂以震荡行情看待,关注SC10合约虚值期权的双买 机会。 (责金属) 隔夜贵金属表现震荡，美国公布7月CP1年率持平在2.7%略低于预期，不过核心CP1年率录得3.1%高 于预期为五个月高位,数据发布后市场维持美联储9月重启降息的押注,特朗普发文再度敦促降息。 聚焦本周美俄领导会谈，市场情绪面临波动，贵金属震荡趋势中耐心等待回调布局机会。 （铜） 隔夜铜价走高，中美延长现行关税政策，且美国7月CPI增幅低于预期，支持9月降息，美元走低， 美股再高。沪铜夜盘再临7.95万，关注今日现货报价。7月国内铜产出再创新高，市场预计8月环降 幅度不大。倾向铜价难有效突破7.95万,逢高空配。 (铝) ...

1. Report Industry Investment Rating The provided report does not mention the industry investment rating. 2. Core Views of the Report - The weakening of the US CPI has boosted the interest - rate cut trading, and the domestic consumer loan interest subsidy has been implemented. In the overseas market, inflation is mild, and the probability of a September interest - rate cut has risen to 95%. In the domestic market, consumption - end incremental policies have been introduced, but the policy strength is moderately weak [2][3]. - The 7 - month CPI data in the US has consolidated the market's expectation of a September interest - rate cut. However, the optimistic global trade sentiment has boosted investors' confidence, and the market risk preference is rising. It is expected that the silver price trend will continue to be stronger than the gold price [4][5]. - The expectation of monetary policy easing has been strengthened, and the copper price has oscillated upwards. The downstream has entered a new replenishment cycle, and the LME inventory accumulation rate has slowed down [6]. - The mild inflation in the US has released an interest - rate cut signal, and the progress of Sino - US economic and trade negotiations has boosted the macro - sentiment. The aluminum price is temporarily oscillating with a positive bias, but the electrolytic aluminum is expected to continue to accumulate inventory [8][9]. - The news of the adjustment of the mineral resource registration authority in Shanxi has led to a sudden upgrade of the expectation of a shortage of domestic mines, and the alumina futures have strongly rebounded. However, the actual impact on the current domestic ore supply is limited [10]. - The mild inflation has consolidated the expectation of an interest - rate cut, and the zinc price is oscillating with a positive bias. The low - inventory and high - concentration of warehouse receipts still support the zinc price [11]. - The market sentiment has slightly improved, and the lead price has oscillated with a positive bias following the non - ferrous metal sector. However, the peak consumption season is less than expected, and there is resistance at the integer - level mark [12][13]. - The expectation of an interest - rate cut has supported the tin price, and the center of the tin price has risen. The tin price is oscillating with a positive bias following the non - ferrous metal sector, and the market shows an external - strong and internal - weak trend [14]. - The industrial silicon is in the process of capacity clearance and is strongly oscillating. The supply has not significantly expanded, and the demand is weak. The social inventory has increased, and the spot market price has slightly declined [15][16]. - The bullish sentiment in the lithium market has cooled, and the lithium price is testing the support of the window. The supply and demand in the fundamentals are both strong, and the lithium price is in a wide - range oscillation [17][18]. - The nickel price is oscillating. The market's expectation of an interest - rate cut in September is rising, and attention should be paid to the resistance at the previous high [19][20]. - The oil price is oscillating. The market is waiting for the results of the Putin - Trump meeting. The fundamentals of the oil market are bearish in the medium - term [21]. - The steel price is oscillating. The spot market transactions are stable, and the inventory pressure is not large due to the expected production restrictions in the north [22][23]. - The iron ore price is oscillating. The port inventory has increased, and the supply pressure has been relieved due to the seasonal decline in shipments from mainstream mines [24]. - The soybean meal and rapeseed meal prices may oscillate with a positive bias. The USDA report is bullish, and the anti - dumping investigation on Canadian rapeseed has ignited the sentiment in the rapeseed market [25][26][27]. - The palm oil price may oscillate with a positive bias. The export demand for Malaysian palm oil in early August has increased, and the domestic rapeseed oil has led the rise in the oil market [28][29]. 3. Summaries According to Relevant Catalogs 3.1 Metal Main Variety Trading Data - **Copper**: SHFE copper closed at 79020 yuan/ton with no change; LME copper closed at 9840 dollars/ton, up 1.17% [30]. - **Aluminum**: SHFE aluminum closed at 20735 yuan/ton, up 0.17%; LME aluminum closed at 2623 dollars/ton, up 1.41% [30]. - **Alumina**: The futures of alumina closed at 3308 yuan/ton, up 4.16% [10][30]. - **Zinc**: SHFE zinc closed at 22630 yuan/ton, up 0.18%; LME zinc closed at 2848 dollars/ton, up 1.42% [30]. - **Lead**: SHFE lead closed at 16915 yuan/ton, up 0.18%; LME lead closed at 2016 dollars/ton, up 0.93% [30]. - **Nickel**: SHFE nickel closed at 122440 yuan/ton, up 0.25%; LME nickel closed at 15360 dollars/ton, up 0.23% [30]. - **Tin**: SHFE tin closed at 270200 yuan/ton, up 0.68%; LME tin closed at 33770 dollars/ton, up 0.16% [30]. - **Precious Metals**: COMEX gold closed at 3399.60 dollars/ounce, down 0.15%; COMEX silver closed at 37.94 dollars/ounce, up 0.40% [4][30]. - **Steel Products**: SHFE rebar closed at 3258 yuan/ton, up 0.25%; SHFE hot - rolled coil closed at 3484 yuan/ton, up 0.55% [30]. - **Iron Ore**: DCE iron ore closed at 801.0 yuan/ton, up 1.52% [30]. - **Coking Coal and Coke**: DCE coking coal closed at 1313.0 yuan/ton, up 4.54%; DCE coke closed at 1812.0 yuan/ton, up 2.98% [30]. - **Industrial Silicon**: GFEX industrial silicon closed at 8840.0 yuan/ton, down 1.78% [30]. - **Soybean and Meal**: CBOT soybeans closed at 1032.3 yuan/ton, up 2.18%; DCE soybean meal closed at 3091.0 yuan/ton, up 0.62%; CZCE rapeseed meal closed at 2653.0 yuan/ton, down 2.61% [30]. 3.2 Industrial Data Perspective - **Copper**: The SHFE copper main contract price remained unchanged at 79020 yuan/ton on August 12. The LME copper price increased by 113.5 dollars/ton to 9840 dollars/ton. The SHFE warehouse receipts remained unchanged at 26296, and the LME inventory decreased by 700 tons to 155000 tons [31]. - **Nickel**: The SHFE nickel main contract price increased by 310 yuan/ton to 122440 yuan/ton on August 12. The LME nickel price increased by 35 dollars/ton to 15360 dollars/ton. The SHFE warehouse receipts decreased by 30 to 20693, and the LME inventory increased by 450 tons to 211746 tons [31]. - **Zinc**: The SHFE zinc main contract price increased by 40 yuan/ton to 22630 yuan/ton on August 12. The LME zinc price increased by 40 dollars/ton to 2848 dollars/ton. The SHFE warehouse receipts increased by 274 to 15768, and the LME inventory decreased by 875 tons to 79550 tons [34]. - **Lead**: The SHFE lead main contract price increased by 30 yuan/ton to 16915 yuan/ton on August 12. The LME lead price increased by 18.5 dollars/ton to 2016 dollars/ton. The SHFE warehouse receipts increased by 1108 to 5874, and the LME inventory decreased by 3550 tons to 262250 tons [34]. - **Aluminum**: The SHFE aluminum continuous - three contract price increased by 5 yuan/ton to 20660 yuan/ton on August 12. The LME aluminum price increased by 36.5 dollars/ton to 2622.5 dollars/ton. The SHFE warehouse receipts increased by 378 to 48710, and the LME inventory increased by 1250 tons to 477100 tons [34]. - **Alumina**: The SHFE alumina main contract price increased by 126 yuan/ton to 3308 yuan/ton on August 12. The national alumina spot average price decreased by 1 yuan/ton to 3273 yuan/ton. The SHFE warehouse inventory increased by 7801 tons to 38182 [34]. - **Tin**: The SHFE tin main contract price increased by 1820 yuan/ton to 270200 yuan/ton on August 12. The LME tin price increased by 55 dollars/ton to 33770 dollars/ton. The SHFE warehouse receipts increased by 71 to 7397, and the LME inventory increased by 15 tons to 1765 tons [34]. - **Precious Metals**: The SHFE gold price remained unchanged at 776.04 yuan/gram, and the SHFE silver price remained unchanged at 9187.00 yuan/kilogram. The COMEX gold price remained unchanged at 3399.00 dollars/ounce, and the COMEX silver price remained unchanged at 38.002 dollars/ounce [34]. - **Rebar**: The rebar main contract price increased by 8 yuan/ton to 3258 yuan/ton on August 12. The Shanghai spot price increased by 10 yuan/ton to 3370 yuan/ton [36]. - **Iron Ore**: The iron ore main contract price increased by 12.0 yuan/ton to 801.0 yuan/ton on August 12. The Rizhao Port PB powder price increased by 9 yuan/ton to 787 yuan/ton [36]. - **Coke and Coking Coal**: The coke main contract price increased by 52.5 yuan/ton to 1812.0 yuan/ton on August 12. The coking coal main contract price increased by 57.0 yuan/ton to 1313.0 yuan/ton [36]. - **Carbonate Lithium**: The carbonate lithium main contract price increased by 0.71 to 8.61 on August 12. The electric - carbon spot price increased by 0.30 to 7.52, and the industrial - carbon spot price increased by 0.30 to 7.31 [36]. - **Industrial Silicon**: The industrial silicon main contract price decreased by 160.00 yuan/ton to 8840.0 yuan/ton on August 12. The average price of East China oxygen - passing 553 remained unchanged at 9400 yuan/ton [36]. - **Soybean and Meal**: The CBOT soybean main contract price increased by 22.00 to 1032.25 on August 12. The DCE soybean meal main contract price increased by 19 to 3091, and the CZCE rapeseed meal main contract price decreased by 71 to 2653 [36].

Group 1 - The flagship store in Nanning showcases various agricultural products with labels indicating "selenium-rich" and "ecological," attracting consumer interest [1] - A prominent feature is the traceability QR code on products, allowing consumers to access detailed information about the product's origin and quality assurance [1] - The integration of technology in agriculture is enhancing the market competitiveness of local products, such as mangoes and jasmine tea [1] Group 2 - Traditional drying methods for mango products have been improved through technological upgrades, resulting in better texture and flavor [2] - The upgraded mango processing technology has led to successful partnerships with global supermarket chains and online platforms, boosting sales domestically and internationally [2] - The collaboration between companies and research institutions in Guangxi is driving innovation in agricultural processing, leading to increased sales and market presence for local products [2]