Group 1 - A total of 56 stocks in the A-share market experienced block trading today, with a total transaction value of 1.168 billion yuan [1] - The top three stocks by transaction value were Hengli Petrochemical (220 million yuan), Wantong Development (99.9929 million yuan), and Chuangye Huikang (68.4 million yuan) [1] - Among the stocks, 7 were traded at par, 4 at a premium, and 45 at a discount; the highest premium rates were for Aidi Precision (4.02%), Hengli Petrochemical (0.86%), and Lier Technology (0.06%) [1] Group 2 - The stocks with the highest discount rates included Boliview (29.35%), Yuxin Electronics (21.36%), and Zhongji Xuchuang (21.09%) [1] - The ranking of institutional buy amounts showed Chuangye Huikang leading with 66.24 million yuan, followed by Jinlong Co. (51.3405 million yuan) and Baiwei Storage (46.98 million yuan) [1] - The top three stocks by institutional sell amounts were Longqi Technology (13.008 million yuan),招商公路 (6.156 million yuan), and Dize Pharmaceutical-U (4.3532 million yuan) [2]

1. Report Industry Investment Ratings - No industry investment ratings are provided in the report. 2. Core Views of the Report - The report provides daily research and analysis on various energy and chemical futures, including rubber, synthetic rubber, asphalt, LLDPE, PP, caustic soda, pulp, glass, methanol, urea, styrene, soda ash, LPG, PVC, fuel oil, low - sulfur fuel oil, and container shipping index (European line). Each commodity has its own market situation, trend, and influencing factors, and the report gives corresponding trading suggestions and trend intensity ratings for each commodity [2]. 3. Summary by Commodity Rubber - **Market Trend**: Expected to have wide - range fluctuations. The trend intensity is rated as neutral (0) [2][4]. - **Fundamental Data**: The trading volume decreased, the open interest of the 09 contract increased, and the number of warehouse receipts decreased. The spot - futures basis and the difference between different months showed certain changes. The prices of some foreign - sourced rubbers decreased [6]. - **Industry News**: In April 2025, automobile production and sales showed a year - on - year increase, and new - energy vehicle exports maintained high growth [8]. Synthetic Rubber - **Market Trend**: The price of butadiene has corrected, and the market is under pressure to fluctuate. The trend intensity is rated as neutral (0) [2][9]. - **Fundamental Data**: The trading volume, open interest, and trading value of the futures market decreased. The basis and the difference between different months changed. The prices of various types of synthetic rubber in the spot market decreased, and the price of butadiene also declined [9]. - **Industry News**: The inventory of high - cis butadiene rubber in Chinese sample enterprises decreased. The domestic butadiene market continued to decline, and the price increase space of butadiene rubber was limited [9][12]. Asphalt - **Market Trend**: It is in a range - bound state, and it is recommended to wait and see. The trend intensity is rated as neutral (0) [2][13]. - **Fundamental Data**: The trading volume of futures increased, and the open interest of some contracts changed. The basis and the difference between different months changed. The prices of spot asphalt in different regions changed, and the refinery's operating rate and inventory rate decreased [13]. - **Market News**: The weekly output of domestic asphalt decreased, and the inventory of sample factories and social warehouses decreased [26]. LLDPE - **Market Trend**: Short - term fluctuations, with pressure in the later period. The trend intensity is rated as neutral (0) [2][27]. - **Fundamental Data**: The futures price decreased, the trading volume decreased, and the open interest decreased. The basis and the difference between different months changed slightly. The spot prices in different regions decreased [27]. - **Market Situation Analysis**: Although the export of plastic products provides short - term support, the supply pressure of polyethylene is large, with high production and high inventory. The demand in the later period is weak, and the trend is under pressure [28]. PP - **Market Trend**: The price decreased slightly, and the trading volume was average. The trend intensity is rated as neutral (0) [2][31]. - **Fundamental Data**: The futures price decreased, the trading volume increased, and the open interest increased. The basis and the difference between different months changed slightly. The spot prices in different regions decreased slightly [31]. - **Spot News**: The domestic PP market weakened, the futures price declined, and the market trading atmosphere was flat [32]. Caustic Soda - **Market Trend**: The rebound is difficult to sustain. The trend intensity is rated as bearish (- 1) [2][34]. - **Fundamental Data**: The futures price of the 09 contract and the spot price of 32% ion - membrane caustic soda in Shandong are provided, along with the basis [34]. - **Market Situation Analysis**: The downstream demand for caustic soda lacks continuous driving force, the supply is high, and there is new production capacity in the future. It is in the demand off - season, and the supply needs to be reduced to balance supply and demand [36]. Pulp - **Market Trend**: It is in a fluctuating state. The trend intensity is rated as neutral (0) [2][39]. - **Fundamental Data**: The trading volume and open interest of futures decreased, and the number of warehouse receipts decreased. The basis and the difference between different months changed. The domestic and international prices of different types of pulp changed [40]. - **Industry News**: The pulp market was weak, the spot price decreased slightly, and the port inventory was high. The price of household paper was weak, and the demand was in the off - season [41][43]. Glass - **Market Trend**: The price of the original sheet is stable. The trend intensity is rated as neutral (0) [2][44]. - **Fundamental Data**: The futures price increased, the trading volume decreased, and the open interest decreased. The basis and the difference between different months changed. The spot prices in different regions were stable or decreased slightly [44]. - **Spot News**: The domestic float glass market was weak, the price was adjusted downward, and the market was waiting and watching [44]. Methanol - **Market Trend**: It is under pressure to fluctuate. The trend intensity is rated as neutral (0) [2][47]. - **Fundamental Data**: The futures price, trading volume, and trading value decreased, and the open interest increased. The basis and the difference between different months changed. The spot prices in different regions decreased [48]. - **Spot News**: The methanol spot price index decreased, the prices in many regions decreased, the enterprise inventory increased, and the downstream demand was limited. The port inventory decreased last week, but there is a risk of inventory accumulation in the future [50]. Urea - **Market Trend**: It is in a high - level fluctuating state. The trend intensity is rated as neutral (0) [2][52]. - **Fundamental Data**: The futures price increased slightly, the trading volume and trading value decreased, and the open interest decreased. The basis and the difference between different months changed. The spot prices of factories and traders were stable or decreased slightly [53]. - **Industry News**: The inventory of urea enterprises decreased. The futures price is expected to fluctuate with a balance between long and short positions, with support below and limited upward space due to policy control [54][55]. Styrene - **Market Trend**: Short - term fluctuations. The trend intensity is rated as bearish (- 1) [2][56]. - **Fundamental Data**: The prices of different contracts of styrene decreased, and the profit margins of non - integrated and integrated operations decreased. The difference between different months changed [56]. - **Spot News**: The price of pure benzene is still weak, the supply pressure is high, and the downstream demand is insufficient. The inventory of styrene is low, and the downstream production and sales showed short - term improvement [57]. Soda Ash - **Market Trend**: The spot market has little change. The trend intensity is rated as neutral (0) [2][58]. - **Fundamental Data**: The futures price decreased, the trading volume increased, and the open interest increased. The basis and the difference between different months changed. The spot prices in different regions were stable [60]. - **Spot News**: The domestic soda ash market was stable, the supply decreased slightly, and the downstream demand was average, with a short - term stable trend expected [60]. LPG - **Market Trend**: The short - term support is strengthening, and attention should be paid to the rebound of the domestic market. The trend intensity is rated as neutral (0) [2][62]. - **Fundamental Data**: The futures prices of different contracts decreased, the trading volume and open interest of some contracts changed. The differences between different prices changed, and the operating rates of PDH, MTBE, and alkylation decreased [62]. - **Market News**: The expected prices of Saudi CP in June and July decreased. There are many PDH device maintenance plans in the market [69][70]. PVC - **Market Trend**: There is still pressure in the later period. The trend intensity is rated as bearish (- 1) [2][72]. - **Fundamental Data**: The futures price, spot price, basis, and the difference between the 9 - 1 months are provided [72]. - **Market Situation Analysis**: The current PVC production and inventory are high, the production reduction is difficult, the export competition pressure is high, and the domestic demand is weak [72][73]. Fuel Oil and Low - Sulfur Fuel Oil - **Market Trend**: The fuel oil had a small increase during the day session and entered an adjustment phase. The low - sulfur fuel oil weakened at night, and the price difference between high - and low - sulfur fuel oils in the overseas market rebounded slightly. The trend intensity of both is rated as neutral (0) [2][76]. - **Fundamental Data**: The futures prices, trading volumes, open interests, and warehouse receipts of different contracts of fuel oil and low - sulfur fuel oil changed. The spot prices in different regions also changed [76]. Container Shipping Index (European Line) - **Market Trend**: It is in a high - level fluctuating state. It is recommended to reduce positions and take profits on the 6 - 8 backwardation spread and hold the 10 - 12 backwardation spread. [2][78]. - **Fundamental Data**: The futures prices, trading volumes, open interests, and trading volume - to - open - interest ratios of different contracts changed. The freight rate indexes of European and US - West routes showed different trends [78].