内容概要：油料是油脂制取工业的原料，油脂工业通常将含油率高于10%的植物性原料称为油料，主要 包括大豆、油菜、芝麻、花生、棉籽、葵花籽、油茶、米糠、橄榄、油桐籽、油棕果等。这些油料在全 球范围内被广泛种植和使用，是世界食用油和植物蛋白的主要来源之一。我国作为油料生产和消费大 国，油料作物是仅次于粮食作物的第二大农作物，油料作物种植品种繁多，播种面积也一直处于高位。 在国家政策的推动下，我国油料产量整体呈稳步增长的趋势。但受国内种植结构等因素影响，油料播种 面积增长受限，因此产量增长幅度也相对较小，难以满足国内市场需求，整体进口依赖程度仍处于较高 水平。数据显示，2024年，我国油料播种面积为14290千公顷，较2023年增加367.8千公顷；油料产量为 3979万吨，较2023年增加115.34万吨。 上市企业：金龙鱼[300999]A、中粮资本（002423.SZ) 相关企业：中粮集团有限公司、九三粮油工业集团有限公司、山东鲁花集团有限公司、锡林郭勒盟红井 源油脂有限责任公司、内蒙古蒙佳粮油工业集团 关键词：油料作物行业政策、油料作物产业链、油料作物播种面积、油料作物产量、油料作物市场竞争 格局、油料作物行 ...

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Report's Core View - The commodity market shows different trends in various sectors. The bearish proportion has slightly increased this week, with significant changes in the black and agricultural sectors. The overall market signals are mainly bearish, with some exceptions like the iron ore market turning neutral [1]. Group 3: Summary by Related Content Commodity Market Sector Analysis - The agricultural sector's momentum is rising, while the energy sector is relatively weak. In the black sector, the momentum factor has decreased marginally, and the term - structure differentiation has narrowed. In the non - ferrous sector, the position - holding factor has decreased marginally, and the cross - sectional differentiation has widened. In the energy - chemical sector, there is cross - sectional momentum differentiation. In the agricultural sector, the position - holding of oilseeds and meals has increased, and the short - cycle momentum of palm oil has rebounded [1]. Performance of Different Commodities Methanol - Last week, the supply factor strengthened by 0.64%, the inventory factor declined by 0.66%, and the comprehensive signal this week is bearish. Fundamentally, the supply side remains bearish, the demand side is neutral to bearish, the inventory side turns bearish, and the spread side is neutral to bearish [1]. Float Glass - Last week, the inventory factor increased by 2.47%, the spread factor weakened by 0.17%, the profit factor decreased by 0.20%, and the synthetic factor declined by 0.13%, with a bearish comprehensive signal this week. Fundamentally, the supply side is neutral, the demand side is neutral to bearish, the inventory side is bearish, and the profit side is neutral to bullish [1]. Iron Ore - Last week, the supply factor strengthened by 0.38%, the synthetic factor increased by 0.08%, and the comprehensive signal this week turns neutral. Fundamentally, the supply side's bearish feedback weakens to neutral, the demand side turns to bullish feedback but remains neutral, the inventory side turns bearish, and the spread side turns bullish [3][4].

Group 1: Overall Market Conditions - The proportion of short positions in commodities increased this week, mainly due to the decline in the factor strength of the energy and chemical sector. Currently, the relatively strong sectors in the cross - section are precious metals and agricultural products, while the relatively weak sector is the energy sector [3]. - In the precious metals sector, the sequential momentum of gold has marginally recovered, and the differentiation within the sector has narrowed. In the non - ferrous sector, the position factor has continued to decline slightly, and the cross - sectional differentiation has expanded, with copper and zinc being on the weaker end [3]. - In the black sector, the short - term momentum factor has marginally decreased, but the long - term factor has gradually stabilized, and the term structure differentiation has narrowed. In the energy and chemical sector, the cross - sectional momentum has declined overall, and PTA, soda ash, and glass are on the weaker end of the sector's cross - section [3]. - In the agricultural products sector, the positions of oilseeds and meals have both decreased slightly, and the differentiation has narrowed [3]. Group 2: Factor Returns - Last week's returns and monthly returns for different factors: supply factor had a last - week return of 1.64% and a monthly return of 0.00%; demand factor had a last - week return of 1.51% and a monthly return of 0.00%; inventory factor had a last - week return of 1.20% and a monthly return of - 2.28%; spread factor had a last - week return of 3.90% and a monthly return of 2.50%; profit factor had a last - week return of 0.00% and a monthly return of 0.00%; the cumulative return of major categories last week was 1.64% and this month was - 0.04% [7]. Group 3: Methanol Analysis - In terms of strategy net value, last week, the supply factor strengthened by 0.21%, the demand factor increased by 0.13%, the inventory factor weakened by 0.19%, the spread factor increased by 0.09%, and the composite factor increased by 0.16%. This week, the comprehensive signal for short positions continues. On the fundamental factor side, the capacity utilization rate of domestic methanol plants has increased, and the import arrival volume has increased slightly, indicating a short position on the supply side; the operating rates of formaldehyde and chloride plants have increased, but the capacity utilization rates of acetic acid and MTBE plants have decreased, making the demand side neutral; the inventory of domestic methanol manufacturers has decreased, indicating a long position on the inventory side; the closing price of the main methanol futures contract and the 9 - 1 spread on the futures market have both released short - position signals, and the spread side has turned to a short position [4]. Group 4: Glass Analysis - In terms of strategy net value, last week, the inventory factor decreased by 2.28%, the spread factor increased by 2.50%, and the composite factor weakened by 0.04%. This week, the comprehensive signal is a short position. On the fundamental factor side, the capacity utilization rate of float glass has remained flat month - on - month, keeping the supply side neutral; the number of commercial housing transactions in 30 large - and medium - sized Chinese cities has increased slightly, making the demand side neutral; float glass enterprises have continued to reduce inventory, indicating a long position on the inventory side; the spot prices of the float glass markets in Central China, North China, and South China have all released short - position signals, indicating a short position on the spread side; the pre - tax gross profit of float glass made from steam coal has declined, indicating a short position on the profit side [7]. Group 5: Iron Ore Analysis - In terms of strategy net value, last week, each factor remained unchanged, and this week, the comprehensive signal remains neutral. The arrival volume at Qingdao Port has increased significantly, and the shipping volumes of BHP and Rio Tinto have increased, turning the supply side into a short - position feedback, but the overall signal remains neutral. The consumption of iron ore powder for sintering in steel mills and the proportion of sintered ore in the furnace have decreased, and the strength of the long - position feedback on the demand side has decreased slightly, but the signal is still neutral. The iron ore concentrate at ports and the domestic sintering iron ore powder in steel mills have both reduced inventory slightly, weakening the short - position feedback on the inventory side. The price center of PB powder has shifted down, further weakening the strength of the long - position feedback on the spread side [7]. Group 6: Lead Analysis - In terms of strategy net value, last week, the supply factor strengthened by 0.52%, the demand factor decreased by 0.51%, the spread factor increased by 0.46%, and the composite factor strengthened by 0.15%. This week, the comprehensive signal has changed from a short position to neutral. The price of domestic lead concentrates from SMM has decreased, and the profit of tax - free recycled lead has decreased, turning the supply - side signal to neutral. The LME lead inventory and registered warrants have increased, turning the inventory side into a short - position feedback, but the overall signal remains neutral. The spread between the near and far months of LME lead has widened, strengthening the short - position feedback on the spread side [7].

哈萨克斯坦BAQ通讯社记者古尔詹·拉曼库洛娃了解到，该项目为周边多个村子的村民提供了就业岗 位，还有人因在这里工作而特地从其他地区搬过来。她表示，哈萨克斯坦同样有振兴乡村的计划，该项 目有力促进了当地发展和人民生活水平的提高。 "中企投资正助力中亚现代化发展。"塔吉克斯坦"阿萨尔"中亚新闻网总编辑阿努谢尔冯·拉苏洛夫表 示，中亚与中国的合作有助于改善整个地区经济面貌。 （文章来源：人民日报） 6月3日，中国—中亚媒体高质量共建"一带一路"联合采访团深入哈萨克斯坦北哈州塔因莎县阿依马克 镇，采访中国西安爱菊集团哈萨克斯坦园区。 走进面粉生产车间，机器轰鸣，一袋袋面粉源源不断沿着传送带送入货车。在质检车间，联合采访团的 中亚记者们品尝了刚刚出锅、散发着麦香的面点。据园区总经理方龙飞介绍，除了让优质无添加的面 粉、油料走上中国消费者的餐桌，园区还生产牧业需要的饲料、油粕等，以供应哈萨克斯坦和其他中亚 国家市场。 2015年起，爱菊集团开始加强与中亚地区的贸易往来，粮油合作项目成为"中哈产能与投资合作重点项 目清单"中唯一的农业加工型粮食项目。目前，爱菊集团在哈萨克斯坦已建成油脂厂、面粉车间、饲料 车间、挂面车间等， ...