Core Insights - The Chicago Mercantile Exchange (CME) reported trading volumes and open interest data for WTI crude oil, Brent crude oil, and natural gas on August 4 [1] Group 1: WTI Crude Oil - WTI crude oil futures trading volume was 755,953 contracts, a decrease of 287,926 contracts from the previous period [1] - Open interest for WTI crude oil was 2,041,391 contracts, a decrease of 6,239 contracts from the previous period [1] Group 2: Brent Crude Oil - Brent crude oil futures trading volume was 152,363 contracts, a decrease of 71,625 contracts from the previous period [1] - Open interest for Brent crude oil was 188,320 contracts, a decrease of 23,787 contracts from the previous period [1] Group 3: Natural Gas - Natural gas futures trading volume was 470,598 contracts, an increase of 174,082 contracts from the previous period [1] - Open interest for natural gas was 1,612,422 contracts, an increase of 26,727 contracts from the previous period [1]

Group 1 - The core point of the article is the trading volume and open interest data for gold, silver, and copper futures on August 4, as reported by the Chicago Mercantile Exchange [1] Group 2 - Gold futures trading volume was 161,438 contracts, a decrease of 108,406 contracts from the previous data; open interest increased by 8,406 contracts to 446,183 contracts [1] - Silver futures trading volume was 52,999 contracts, a decrease of 22,098 contracts from the previous data; open interest increased by 880 contracts to 160,997 contracts [1] - Copper futures trading volume was 55,307 contracts, a decrease of 25,999 contracts from the previous data; open interest decreased by 2,920 contracts to 200,448 contracts [1]

1. Report Industry Investment Rating No information provided. 2. Core Views of the Report - Industrial silicon futures are currently in a wide - range oscillation. The 2509 contract is expected to trade between 7,800 and 10,000 yuan. [6][7] - Lithium carbonate futures are also in a wide - range oscillation. The 2509 contract is expected to trade between 63,000 and 80,000 yuan. [31][32] 3. Summary According to the Catalog Industrial Silicon Futures 3.1 Mid - term Market Analysis - Industrial silicon futures are in a wide - range oscillation. Last week, spot prices showed mixed movements. As of August 1, the price of 421 in Xinjiang was 9,300 yuan/ton, in Yunnan was 10,300 yuan/ton, and in Sichuan was 10,100 yuan/ton. The AI intelligent investment consultation report shows that the daily price is in a downward channel, and there is no obvious long - or short - bias among the main players. The 2509 contract is expected to trade between 7,800 and 10,000 yuan. [6][7] 3.2 Variety Trading Strategies - Last week's strategy: Consider buying in small quantities on dips during the stabilization and recovery of industrial silicon prices. [10] - This week's strategy: Consider grid trading within the range. [11] 3.3 Relevant Data - As of April 19, 2024, the SHFE cathode copper inventory was 300,045 tons, an increase of 322 tons from the previous week, and it is at a relatively high level compared to the past five years. [13] - As of April 19, 2024, the LME copper inventory was 122,125 tons, with a cancelled warrant ratio of 25.73%. It is at a relatively low level compared to the past five years. [17] Lithium Carbonate Futures 3.1 Mid - term Market Analysis - Lithium carbonate futures are in a wide - range oscillation. Last week, spot prices declined. As of August 1, the average price of battery - grade lithium carbonate was 69,000 yuan/ton, and that of industrial - grade was 68,300 yuan/ton. The AI variety diagnosis report shows that the daily price is in an upward channel, and the main players show a strong bullish sentiment. The 2509 contract is expected to trade between 63,000 and 80,000 yuan. [31][32] 3.2 Variety Trading Strategies - Last week's strategy: Consider buying in small quantities on dips during the stabilization and recovery of lithium carbonate prices. [35] - This week's strategy: Consider buying in small quantities when the price of lithium carbonate retraces to the 63,000 - 65,000 yuan range. [36] 3.3 Relevant Data - As of April 19, 2024, the SHFE electrolytic aluminum inventory was 228,537 tons, a decrease of 3,228 tons from the previous week, and it is at a relatively low level compared to the past five years. [39] - As of April 19, 2024, the LME aluminum inventory was 504,000 tons, with a cancelled warrant ratio of 66.03%. It is at a relatively low level compared to the past five years. [41]

Group 1 - The core viewpoint of the articles highlights a significant increase in gold prices due to negative employment data in the U.S., which has raised concerns about the economy and increased expectations for a Federal Reserve interest rate cut [1] - The December 2025 gold futures price rose by $67.1, closing at $3,415.70 per ounce, reflecting a 2% increase [1] - The U.S. unemployment rate rose by 0.1 percentage points to 4.2% in July, with non-farm payrolls increasing by only 73,000, significantly below the expected increase of approximately 100,000 [1] Group 2 - The silver futures price for September delivery increased by $0.38, closing at $37.09 per ounce, marking a 1.07% rise [2] - The probability of a 25 basis point rate cut by the Federal Reserve in September surged from 37.7% to 75.5% following the employment report [1]

Group 1 - The Intercontinental Exchange (ICE) Arabica coffee futures have decreased by nearly 3%, reaching a price of $2.8780 per pound [1]

工业硅期货的合约月份是连续的。 工业硅期货在实际运行中也已形成了主力合约逐月轮换的机制，配合滚动交割制度，使得期货价格曲线 更具连续性，便于企业进行月度库存管理、滚动保值和基差贸易。 根据广州期货交易所（广期所）的规则，工业硅期货合约月份覆盖了全年12个月份，即1月至12月每月 均有合约挂牌交易。 这种"月月挂牌"的设计，与铜、铝等有色金属期货一致，主要考虑到工业硅是连续生产、全年购销的工 业原材料，产业链上下游企业每月都有套期保值需求。因此，交易所没有采用传统农产品中常见的"1、 5、9"跨季度合约布局，而是实现了逐月连续、无缝衔接的合约结构。 此外，自2024年6月起，广期所采用"摘一挂一"原则，即每月新增一个合约，例如2024年5月新增 SI2501、SI2502等合约，后续月份合约依次类推。这种滚动挂牌方式确保了合约月份的连续性。 ...

Core Viewpoint - The Intercontinental Exchange (ICE) agricultural futures showed mixed performance on July 31, with fluctuations in various commodity prices [1] Group 1: Commodity Performance - Raw sugar futures decreased by 0.61%, closing at 16.35 cents per pound [1] - Cotton futures fell by 0.41%, ending at 67.22 cents per pound [1] - Cocoa futures increased by 3.26%, reaching $8,459.00 per ton [1] - Coffee futures rose by 0.48%, closing at 294.80 cents per pound [1]

（文章来源：第一财经） 上海期货交易所发布7月成交概况显示，7月上期所全品种成交量2.29亿手，成交金额19.57万亿元。其 中，上海国际能源交易中心7月全品种成交量 0.15亿手，成交金额2.78万亿元。 ...

Group 1 - The CME Bitcoin futures main contract fell by 0.38% to just below $118,000, and at 03:06, it dropped below $116,000 [1] - The CME Ether futures main contract increased by 0.15%, reaching $3,795, and previously hit $3,701 at 03:06 [1]

Group 1 - The Intercontinental Exchange (ICE) reported a nearly 5% increase in Robusta coffee futures, reaching $3,449 per ton [1]