Group 1 - Zhengzhou Commodity Exchange announced adjustments to futures contract transaction fees effective from July 30, 2025, including specific fees for glass, soda ash, and caustic soda futures [1] - Following the announcement, there was a notable rebound in previously declining futures, with coking coal rising over 6%, glass over 4%, and coking coal over 4% [3] - The overall trading volume in the futures market decreased significantly, with a 31.89% drop to 38.76 million contracts and a 23.45% decrease in trading value to 32,125.7 billion yuan, marking the lowest levels since July 21 [3] Group 2 - Glass and soda ash remained among the top traded products, but both experienced significant declines in trading volume, with decreases of 26.3% and 32.5% respectively [3] - Coking coal trading volume fell by nearly 40%, dropping to 2.96 million contracts, while other products like red dates, stainless steel, apples, and eggs saw trading volume declines exceeding 60% [3] - There was a net outflow of funds from glass and soda ash, amounting to 221 million yuan and 102 million yuan respectively, with a reduction in open positions for glass by 26,700 contracts and for soda ash by 41,500 contracts [3]

Core Viewpoint - The Zhengzhou Commodity Exchange has announced adjustments to trading fees for specific futures contracts, effective from July 30, 2025, during night trading sessions [1] Group 1: Trading Fee Adjustments - The trading fee for the glass futures contract (2509) will be adjusted to 10 yuan per lot for intraday closing positions [1] - The trading fee for the soda ash futures contract (2509) will be set at 0.04% of the transaction amount for intraday closing positions [1] - The trading fees for the caustic soda futures contract (2509) will be adjusted to 0.02% of the transaction amount for both regular trading and intraday closing positions [1]

宁证期货表示，目前烧碱装置开工高位下滑，本周预期开工较稳，企业库存上升，下游氧化铝利润低， 近期南北方氧化铝检修及压产仍旧密集，铝厂采购补库意愿较强，非铝需求仍显疲弱，刚需补库，后期 补货预期放缓。山东地区液碱价格稳中有涨，东部主产区库存压力小。预计烧碱09合约短期震荡运行， 上方压力2555一线，建议观望或反弹短线做空。 瑞达期货（002961）分析称，供应端，本周西北、华南地区部分装置负荷提升，华中、华东地区部分装 置检修降负，烧碱产能利用率环比+1.5%至84.1%。需求端，上周氧化铝开工率环比-0.29%至75.47%， 低位回落；粘胶短纤开工率环比-0.35%至80.3%，印染开工率环比持平在63.23%。本周液碱工厂库存环 比-3.59%至40.09万吨，处于同期偏高水平。主力采购增加叠加非铝刚需跟进，山东液碱现货走强，氯 碱利润可观，驱动市场供应增量。氧化铝企业开工维持低位，抑制烧碱需求提升。几内亚矿石供应收 缩，一方面限制氧化铝开工率提升，另一方面国产矿的替代将增加烧碱单耗，短期对烧碱并不构成明显 利好或利空。部分非铝下游进入淡季，耗碱相对有限。短期内SH2509预计震荡偏弱。 目前来看，烧碱 ...

热点资讯 早盘速递 2025/5/19 1、上市公司重大资产重组新规落地。证监会正式公布实施修订后的《上市公司重大资产重组管理办法》，在简化审核程序、创 新交易工具、提升监管包容度等方面作出优化。修订后的重组办法创多个"首次" ：首次建立简易审核程序；首次调整发行股份 购买资产的监管要求；首次建立分期支付机制；首次引入私募基金"反向挂钩"安排，鼓励私募基金参与上市公司并购重组。 2、俄罗斯和乌克兰两国代表团16日在土耳其举行3年来的首次直接谈判。乌克兰方面在谈判结束后表示，谈判毫无成果。俄方则 表示，对谈判结果总体满意，愿意继续同乌方进行接触。据乌克兰消息人士称，作为停火条件，俄罗斯代表团要求乌军从顿涅茨 克、卢甘斯克、赫尔松和扎波罗热地区撤军。 重点关注 尿素、碳酸锂、沥青、螺纹钢、豆粕 夜盘表现 商品期货主力合约夜盘涨跌幅 涨跌幅 增仓比率（右轴） 1.50% -15.0% -10.0% -5.0% 0.0% 5.0% 10.0% -2.00% -1.50% -1.00% -0.50% 0.00% 0.50% 1.00% 板块表现 非金属建材, 2.81% 贵金属, 29.62% 油脂油料, 11.81% ...

Core Viewpoint - The Zhengzhou Commodity Exchange has announced an adjustment to the trading fee standard for the caustic soda futures contract 2509, effective from the night trading session on May 19, 2025 [1] Group 1 - The trading fee for intraday closing positions of the caustic soda futures 2509 contract will be adjusted to 0.0005 of the transaction amount [1]

Core Viewpoint - The Zhengzhou Commodity Exchange has announced an adjustment to the trading fee for the caustic soda futures contract 2509, effective from the evening session of May 19, 2025, setting the intraday closing position trading fee at 0.0005 of the transaction amount [1] Group 1 - The adjustment in trading fees is aimed at enhancing market liquidity and trading activity for caustic soda futures [1] - The new fee structure reflects a strategic move by the exchange to align with market conditions and participant feedback [1]