1. Report Industry Investment Ratings No information about industry investment ratings is provided in the report. 2. Core Views of the Report - The market is significantly affected by the geopolitical situation, especially the conflict between the US and Iran, which has a broad impact on various commodity futures markets [1][8][9][10]. - Different commodity markets show diverse trends and characteristics, with some markets being influenced by supply - demand relationships, while others are more affected by geopolitical events and policy factors. 3. Summary by Relevant Catalogs Precious Metals - **Market Performance**: The international gold price denominated in London gold rose 3.51% to $4668 per ounce, and the international silver price rose 7.10% to $75.01 per ounce [1]. - **Fundamentals**: There are signs of easing in the US - Iran conflict, but the conflict is not over [1]. - **Trading Strategy**: Wait for a pull - back to buy gold; for silver, suggest gradually taking profits on previous short positions [1]. Base Metals Copper - **Market Performance**: Copper prices oscillated strongly [1]. - **Fundamentals**: The authenticity of the news that the Iranian president wants to end the war under security guarantees is to be verified. The supply of copper ore and scrap copper remains tight, and the spot of flat - water copper in East and South China is traded at a discount of 60 yuan and a premium of 50 yuan respectively [1]. - **Trading Strategy**: Suggest waiting and seeing [1]. Aluminum - **Market Performance**: The closing price of the main electrolytic aluminum contract increased by 0.61% to 24,875 yuan per ton, and the domestic 0 - 3 month spread was - 245 yuan per ton, with the LME price at $3475 per ton [1]. - **Fundamentals**: Aluminum smelters maintain high - load production, and the weekly aluminum product start - up rate increased slightly [1]. - **Trading Strategy**: The attack on core aluminum plants in the Middle East leads to expectations of supply contraction, and it is expected that aluminum prices will oscillate strongly. Suggest buying on dips [1]. Alumina - **Market Performance**: The closing price of the main alumina contract decreased by 3.88% to 2827 yuan per ton, and the domestic 0 - 3 month spread was - 118 yuan per ton [1]. - **Fundamentals**: The operating capacity of alumina is relatively stable, and aluminum smelters maintain high - load production [1]. - **Trading Strategy**: Affected by the release of new production capacity in Guangxi, the pattern of oversupply is further deepened. It is expected that alumina prices will oscillate weakly. Suggest waiting and seeing, and focus on the implementation of Guinea's mining policy [1]. Zinc and Lead - **Market Performance**: On March 31, the main contracts of zinc and lead closed at 23,480 yuan per ton and 16,500 yuan per ton respectively, with changes of - 60 yuan and + 5 yuan compared to the previous trading day. The domestic 0 - 3 month spreads were - 23,480 yuan per ton and - 16,500 yuan per ton, and the overseas 0 - 3 month spreads were - 0.68 and 68.8 dollars per ton respectively. The seven - place zinc inventory on March 30 was 248,200 tons, a decrease of 1300 tons compared to March 26, and the five - place lead inventory on March 30 was 57,500 tons, a decrease of 300 tons compared to March 26 [1]. - **Fundamentals**: The lead ingot inventory is accelerating its depletion, and the lead price shows a stop - falling signal. However, the import window is open, and the lead battery enters the traditional off - season in April. With the co - existence of the resumption of production of secondary lead and new overhauls, it is expected that the lead price will continue to oscillate narrowly. In the zinc market, the disturbance at the mine end intensifies, the import processing fee drops to a negative value, the domestic smelters have strong demand for ore, and the social inventory continues to deplete to below 250,000 tons. The tower and export orders support consumption, but there is still uncertainty in the macro - sentiment [2]. - **Trading Strategy**: For lead, pay attention to the implementation of smelter overhauls. If the inventory depletion continues, try to buy on dips. For zinc, the fundamentals improve, but the macro - risk is large. It is recommended to wait and see [2]. Industrial Silicon - **Market Performance**: The main 05 contract closed at 8355 yuan per ton, a decrease of 125 yuan per ton compared to the previous trading day, with a closing price decrease of 1.47%, the position decreased by 18,817 lots to 201,800 lots (- 8.53%), and the trading volume decreased by 11,006 lots to 172,049 lots (- 6.01%). The variety's precipitated funds decreased by 171 million to 3.037 billion, and the warehouse receipt volume today was 22,313 lots (+ 24) [2]. - **Fundamentals**: On the supply side, the number of weekly industrial silicon furnaces in operation is flat compared to the previous period. With the year - on - year decline in electricity prices in the southwest region, enterprises' willingness to resume production increases, and there is an expectation of increased production in the future. On the demand side, the polysilicon industry resumed work in March, and the monthly production capacity is gradually released, with the expected monthly output approaching 90,000 tons; the output of the organic silicon industry is stable, and the price trend is stable. The price of aluminum alloy decreased slightly, but the industry's start - up rate increased to 59.5%, reaching a new high this year [2]. - **Trading Strategy**: Pay attention to whether subsequent measures such as coordinated market control and joint price stabilization will be introduced after last week's meeting. The organic silicon industry will hold a meeting in Jinan on April 2 to discuss production cuts and price increases. In the short term, although the market pays attention to the support level increase brought by energy costs, the high - level hedging pressure is obvious. It is expected that the market will maintain an oscillating pattern in the range of 8100 - 8900 [2]. Lithium Carbonate - **Market Performance**: LC2605 closed at 157,200 yuan per ton (- 14,420), with a closing price decrease of 8.40% [2]. - **Fundamentals**: Yesterday, a large amount of funds flowed out, and the market was under pressure to fall. The expectation of the continuation of the US - Iran war weakened, and the concern about the shortage of diesel supply in Australia affecting lithium ore mining is expected to ease. The export ban in Zimbabwe has no progress, and its supply disturbance will gradually be reflected in mid - to late April. However, the expectation of the strengthening of the preference for new - energy vehicles and energy - storage consumption due to oil price fluctuations remains unchanged, and the trend of the weekly demand recovery at the power end is clear. The spot price of SMM Australian spodumene concentrate (CIF China) is $2360 per ton, an increase of $25 per ton compared to the previous day, and the SMM electric carbon price is 163,000 (- 1500) yuan per ton. On the supply side, the weekly output is 24,814 tons, a month - on - month increase of 628 tons, due to the recovery of the spodumene production line. SMM expects the lithium carbonate production in March to be 106,390 tons, a month - on - month increase of 8.7% compared to January. On the demand side, the production schedule of lithium iron phosphate in March is 430,000 tons, a month - on - month increase of 8.3% compared to January; the production schedule of ternary materials in March is 84,000 tons, a month - on - month increase of 4.1% compared to January. In terms of inventory, the short - term weekly inventory shows a slight accumulation. The export ban of lithium ore in Zimbabwe has no progress, and it is expected that the supply gap of at least one month will be gradually reflected in mid - to late April. It is necessary to continuously pay attention to the policy progress in Zimbabwe. The sample inventory is 99,489 tons, an increase of 616 tons in inventory, among which the smelting link has an inventory increase of 724 tons, the downstream link has an inventory increase of 552 tons, and the trader link has an inventory decrease of 660 tons. The total inventory days are 27.9 (+ 0.2) days. The Guangzhou Futures Exchange warehouse receipt is 11,318 (- 19,746) lots. Pay attention to the growth rate slope of new warehouse receipts after centralized cancellation. The funds precipitated in the market are 30.1 (- 3.78) billion yuan [2]. - **Trading Strategy**: With supply disturbances and a clear trend of demand recovery, it is expected to oscillate widely. Buy on dips at the lower edge of the range and be cautious about chasing high [2]. Polysilicon - **Market Performance**: The main 05 contract closed at 35,200 yuan per ton, a decrease of 1350 yuan per ton compared to the previous trading day, with a closing price decrease of 3.69%, the position decreased by 128 lots to 34,456 lots (- 0.37%), and the trading volume decreased by 5768 lots to 10,763 lots (- 34.89%). The variety's precipitated funds decreased by 16 million to 1.758 billion, and the warehouse receipt volume today was 11,030 lots (+ 10) [2]. - **Fundamentals**: On the supply side, the weekly polysilicon output is flat compared to the previous period, and the month - on - month increase in industry inventory has significantly narrowed. The production schedule in April is basically flat compared to the previous month. On the demand side, the prices of downstream photovoltaic - related products still continue to decline, but the decline rate is gradually slowing down. The expected production schedule of components in April is reduced by 7.26GW month - on - month. From January to February 2026, the newly - installed domestic photovoltaic capacity decreased by 17.71% year - on - year, with an average monthly installed capacity of 16GW, showing a stable performance. The export data of battery cells and components in February decreased month - on - month, and the year - on - year trends were divergent. The component exports to Europe increased slightly year - on - year [2][3]. - **Trading Strategy**: The spot price of polysilicon has been continuously declining this week, and the market sentiment is weak. The current market still needs to fully digest the negative factors such as the weakening of the spot market. Coupled with the relatively high volatility of the variety, it is recommended to focus on tracking the actual downstream procurement situation and the transaction order price in the short term, and mainly wait and see in operation [3]. Tin - **Market Performance**: Tin prices oscillated strongly [3]. - **Fundamentals**: There is news that the Iranian president wants to end the war under security guarantees, but the authenticity of the news is to be verified. The supply of tin ore remains tight, and the spot is still traded at a high premium. The domestic warehouse receipts are decreasing rapidly every day, and the London structure is 375 dollars contango [3]. - **Trading Strategy**: Suggest waiting and seeing [3]. Black Industry Rebar - **Market Performance**: The main 2605 rebar contract closed at 3124 yuan per ton, a decrease of 20 yuan per ton compared to the previous day's night - session closing price [4]. - **Fundamentals**: The building material inventory in the Gangyin caliber decreased by 0.3% to 6.63 million tons month - on - month, and was basically flat last week. The rebar out - bound volume in Hangzhou on the weekend was 68,000 tons, compared with 76,000 tons last week; the inventory was 1.548 million tons, compared with 1.522 million tons last week and 1.127 million tons in the same period last year. The building material demand has marginally improved but is still slightly weaker year - on - year. Fortunately, the supply has decreased year - on - year, and the contradiction is limited. The plate demand has marginally stabilized, and the direct and indirect exports remain at a relatively high level. The inventory depletion speed is at a neutral level in the same period of history. The steel mill profit is poor, and the production increase space is limited. The steel spot price is a bit weak in following the rise, and the futures discount has narrowed [4]. - **Trading Strategy**: Mainly wait and see. Hold the short position of rebar 2605 cautiously or choose the opportunity to exit. The reference range for RB05 is 3100 - 3160 [4]. Iron Ore - **Market Performance**: The main 2605 iron ore contract closed at 815 yuan per ton, a decrease of 0.5 yuan per ton compared to the previous day's night - session closing price [4]. - **Fundamentals**: The iron ore arrival volume increased by 1.237 million tons to 22.802 million tons month - on - month, and the shipment volume decreased by 6.72 million tons to 24.724 million tons month - on - month. The iron ore supply - demand margin remains stable. The molten iron output in the Steel Union caliber increased by 30,000 tons month - on - month, a decrease of 3% year - on - year. The coking plant proposed a price increase, but it has not been implemented yet. The steel mill profit is poor, and the subsequent blast furnace production increase slope is limited. The supply side conforms to the seasonal law. The furnace charge inventory of steel mills is slightly high, and the inventory days remain above the historical average level. Although the total port inventory has increased by about 24 million tons to 170 million tons year - on - year, the proportion of mainstream iron ore inventory in ports is low, and there is a certain structural contradiction. The iron ore maintains a forward - discount structure but is significantly lower year - on - year, and the valuation is slightly high [4]. - **Trading Strategy**: Mainly wait and see. The reference range for I05 is 800 - 830 [4]. Coking Coal - **Market Performance**: The main 2605 coking coal contract closed at 1147.5 yuan per ton, a decrease of 43.5 yuan per ton compared to the previous day's night - session closing price [4]. - **Fundamentals**: The molten iron output in the Steel Union caliber increased by 30,000 tons to 22.82 million tons month - on - month, a decrease of 3% year - on - year. The coke proposed a price increase, but it has not been implemented yet. The steel mill profit is poor, and the subsequent blast furnace production increase slope may be gentle. The port customs clearance at the supply end maintains a high level, and the inventory in each link is differentiated. The port and mine - mouth inventories are high, while the inventories in other links are low, and the overall inventory level is neutral. The 05 contract futures have a premium over the spot, and the forward - premium structure is maintained, with the futures valuation being high [4]. - **Trading Strategy**: Mainly wait and see. Hold the short position of coking coal 2605 cautiously. The reference range for JM05 is 1120 - 1170 [4]. Agricultural Products Soybean Meal - **Market Performance**: The overnight CBOT soybeans rose because the US soybean planting area intention was slightly lower than the market expectation [6]. - **Fundamentals**: On the supply side, it is loose in the near - term, and there is an expectation of increased production capacity for new US soybean crops in the far - term. On the demand side, the US soybean crushing is strong, and the exports conform to the seasonality. In general, the expectation of global supply - demand looseness remains unchanged [6]. - **Trading Strategy**: US soybeans are expected to oscillate, and the looseness suppresses the price. Pay attention to the production in the producing areas and crude oil; in China, it also follows the cost side. Pay attention to the macro - crude oil and the arrival volume [6]. Corn - **Market Performance**: The corn futures price declined, and the corn spot price decreased in the Northeast and slightly increased in the North China [6]. - **Fundamentals**: Currently, the grain - selling progress exceeds 80%, but the progress is slow. The mentality in the producing areas, especially in North China, has loosened, and the enthusiasm for selling grain has increased. The policy wheat auction volume has increased, and both the transaction rate and the premium have declined. Coupled with the good growth of new - season wheat seedlings, the wheat price has weakened. After the spot price rose to a high level, the expectation of policy regulation has increased, and the spot price is expected to adjust weakly. Pay attention to the auction situation of the minimum - purchase - price wheat and the changes in the purchase - and - sale rhythm [6]. - **Trading Strategy**: Since the transaction rate and premium of the wheat auction have both declined, the futures price is expected to oscillate weakly [6]. White Sugar - **Market Performance**: The Zhengzhou sugar 0

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core View - The lithium carbonate futures decreased with a reduction in positions. The total open interest dropped by 19,666 lots, and the closing price of the main contract was 157,200. The decline was mainly affected by rumors about lithium ore export quotas in Zimbabwe. Although the rumors were refuted, the selling sentiment in the market increased in the afternoon, leading to a wider decline in lithium carbonate prices. The spot price of electric carbon decreased by 4,600 to 163,900, the price of ternary materials decreased by 200 - 600, and the price of lithium iron phosphate remained flat. The industry showed relative resistance to the decline. Last week, the production of ternary materials increased by 610 to 18,060 tons, and the production of lithium iron phosphate increased by 1 to 101,976 tons. The lithium battery production schedule in April increased by 4% month - on - month and 45% year - on - year, indicating that the overall demand is acceptable. In the short term, the market is mainly dominated by sentiment. Considering the continued increase in demand in April, the pressure on imported and domestic lithium carbonate supply, and the fact that inventory is mainly concentrated in downstream hands, it is expected that the downside space for lithium carbonate is limited [11]. 3. Summary by Directory 3.1行情回顾与操作建议 - The lithium carbonate futures decreased with a reduction in positions. The total open interest dropped by 19,666 lots, and the main contract closed at 157,200, affected by rumors about Zimbabwe's lithium ore export quotas. The spot price of electric carbon decreased by 4,600 to 163,900, the price of ternary materials decreased by 200 - 600, and the price of lithium iron phosphate remained flat. The production of ternary materials increased by 610 to 18,060 tons, and the production of lithium iron phosphate increased by 1 to 101,976 tons last week. The lithium battery production schedule in April increased by 4% month - on - month and 45% year - on - year. The short - term market is sentiment - driven, and the downside space for lithium carbonate is expected to be limited [11]. 3.2行业要闻 - On the evening of March 30, there was a rumor that the Ministry of Mines in Zimbabwe issued a suspension ban on lithium concentrate exports, but the news was false. The rumored content included that three mining enterprises with smelting plans obtained temporary export quota permits on the condition of completing local processing plant construction by the first quarter of 2027 and using at least 20% of the mined concentrate for domestic value - added processing; cargo ships at Zimbabwe's ports could apply for clearance after paying export taxes and late fees, and ships that had left the port needed to return for component testing [14]. - On March 30, Chongqing Logistics Group Co., Ltd. and Contemporary Amperex Technology Co., Ltd. signed a strategic cooperation agreement, marking the full opening of the first regular lithium - battery water - transport line in Sichuan and Chongqing. The "Thousand - Li Light Boat" Yibin - Guoyuangang lithium - battery line has achieved regular operation. Compared with road transport, the water - transport cost of these lithium batteries can be reduced by at least 20%. In the future, the two companies will cooperate in areas such as charging and swapping network construction, port - park electrification, full - chain supply - chain logistics, ship electrification, and battery full - life - cycle management to jointly explore the new - energy logistics market in southwestern China and overseas [14].

1. Report Industry Investment Rating No information provided in the report. 2. Core Viewpoints of the Report - Through macro - fundamental and technical analysis, the report predicts the trend of various futures contracts in March 2026 and on March 31, 2026. Index futures are expected to be weakly volatile, while lithium carbonate, crude oil, fuel oil, asphalt, polypropylene, styrene, and ethylene glycol futures are expected to be strongly volatile [1][2]. - The report also analyzes the impact of macro - news and market conditions on the futures market, such as the geopolitical situation in the Middle East, Fed's interest - rate policies, and domestic and international economic policies [5][6][7]. 3. Summary by Relevant Catalogs 3.1 Futures Market Overview - On March 30, 2026, the A - share market bottomed out and rebounded, with the non - ferrous metal sector surging and power stocks slumping. The Shanghai Composite Index rose 0.24%, while the Shenzhen Component Index fell 0.25%, and the ChiNext Index fell 0.68%. The Hong Kong Hang Seng Index fell 0.81%, and the Hang Seng Tech Index hit a new low since early April last year [14]. - The U.S. three major stock indexes closed mixed on March 30, 2026. The Dow Jones Industrial Average rose 0.11%, the S&P 500 Index fell 0.39%, and the Nasdaq Composite Index fell 0.73%. European three major stock indexes closed up across the board [15]. 3.2 Macro - news - The G7 energy ministers, finance ministers, and central bank governors held a meeting to assess the impact of the Middle East situation on the energy market, global economy, and financial stability, and were prepared to take coordinated actions if necessary [9]. - The U.S. and Iran's negotiation progress was volatile, and the Fed's interest - rate cut expectations and policy uncertainties increased, which affected the market sentiment [15]. 3.3 Futures Contracts Analysis 3.3.1 Index Futures - On March 30, 2026, the four major index futures contracts (IF2606, IH2606, IC2606, IM2606) generally showed a weakly volatile trend. In March 2026, they are expected to be weakly volatile, and on March 31, 2026, they are likely to continue this trend [11][12][13][15][16]. 3.3.2 Precious Metal Futures - Gold futures: On March 30, 2026, the gold futures main contract AU2606 oscillated upward. In March 2026, it is expected to be weakly volatile, and on March 31, 2026, it is likely to oscillate and consolidate [30]. - Silver futures: On March 30, 2026, the silver futures main contract AG2606 oscillated upward. In March 2026, it is expected to be weakly volatile, and on March 31, 2026, it is likely to oscillate and consolidate [38]. 3.3.3 Base Metal Futures - Copper futures: On March 30, 2026, the copper futures main contract CU2605 was weakly volatile. In March 2026, it is expected to be weakly volatile, and on March 31, 2026, it is likely to be weakly volatile [42]. - Aluminum futures: On March 30, 2026, the aluminum futures main contract AL2605 oscillated upward strongly. In March 2026, it is expected to have a wide - range oscillation, and on March 31, 2026, it is likely to oscillate and consolidate [46]. - Tin futures: On March 30, 2026, the tin futures main contract SN2605 oscillated upward strongly. In March 2026, it is expected to be weakly volatile, and on March 31, 2026, it is likely to oscillate and consolidate [51]. 3.3.4 Energy and Chemical Futures - Crude oil futures: On March 30, 2026, the crude oil futures main contract SC2605 oscillated upward strongly. In March 2026, it is expected to be strongly volatile and may hit a new high since listing, and on March 31, 2026, it is likely to be strongly volatile [85]. - Fuel oil futures: On March 30, 2026, the fuel oil futures main contract FU2605 oscillated upward strongly. In March 2026, it is expected to be strongly volatile and may hit a new high since listing, and on March 31, 2026, it is likely to be strongly volatile [90]. - Asphalt futures: On March 30, 2026, the asphalt futures main contract BU2606 was weakly volatile. In March 2026, it is expected to be strongly volatile, and on March 31, 2026, it is likely to be strongly volatile [94]. - Polypropylene, linear low - density polyethylene, PTA, PVC, methanol, ethylene glycol, etc.: These futures contracts have different trends on March 30, 2026, and are generally expected to be strongly volatile in March 2026 and have corresponding trends on March 31, 2026 [99][103][112][117][121][126]. 3.3.5 Agricultural Futures - Palm oil futures: On March 30, 2026, the palm oil futures main contract P2605 oscillated upward. On March 31, 2026, it is likely to be strongly volatile [130].

1. Report Industry Investment Rating - No information about the industry investment rating is provided in the report. 2. Core Views of the Report - The supply side of lithium carbonate has increased, with last week's production at 24,814 tons, 59% higher than the historical average. The demand side shows an increase in the inventory of sample enterprises of lithium iron phosphate and ternary materials. The cost side varies, with different production profits for different raw materials. The overall inventory is increasing, and the 2605 contract is expected to fluctuate in the range of 167,160 - 177,280 [8]. - There are both positive and negative factors in the market. Positive factors include the production cut plan of lithium mica manufacturers and the decrease in the import volume of lithium carbonate from Chile. Negative factors include the high - level supply from ore and salt lake ends with limited decline [9][10]. - The main logic is the emotional shock caused by news under the tight supply - demand balance [11]. 3. Summary According to the Directory 3.1 Daily Views - **Fundamentals**: Supply increased last week, with lithium carbonate production at 24,814 tons, 59% higher than the historical average. The inventory of lithium iron phosphate and ternary materials sample enterprises increased. The cost of purchased lithium spodumene concentrate is 159,158 yuan/ton, with a loss of 2,142 yuan/ton; the cost of purchased lithium mica is 151,428 yuan/ton, with a profit of 3,273 yuan/ton. The cost of the salt lake end is significantly lower than that of the ore end, with sufficient profit margins [8]. - **Basis**: On March 30, the spot price of battery - grade lithium carbonate was 164,500 yuan/ton, and the basis of the 05 contract was - 7,120 yuan/ton, showing a spot discount [8]. - **Inventory**: The smelter inventory was 17,332 tons, a 4.36% increase, lower than the historical average; the downstream inventory was 46,657 tons, a 1.20% increase, higher than the historical average; other inventories were 35,500 tons, a 1.82% decrease, lower than the historical average; the total inventory was 99,489 tons, a 0.62% increase, lower than the historical average [8]. - **Disk**: The MA20 is downward, and the futures price of the 05 contract is above the MA20, showing a neutral situation [8]. - **Main Force Position**: The net short position of the main force is decreasing, showing a bearish situation [8]. - **Expectation**: In February 2026, the production of lithium carbonate was 83,090 physical tons, and it is predicted that next month's production will be 106,390 physical tons, a 28.04% increase. The import volume is expected to increase by 19.27%. Next month's demand is expected to strengthen, and inventory may be depleted. The CIF price of 6% concentrate has increased daily, and the demand - leading situation has weakened. The 2605 contract is expected to fluctuate in the range of 167,160 - 177,280 [8]. 3.2 Market Overview - **Upstream Prices**: The prices of lithium spodumene, lithium mica concentrate, and other upstream products have increased to varying degrees. For example, the price of lithium spodumene (6%) increased from 2,230 to 2,313 US dollars/ton, a 3.72% increase [14]. - **Disk Prices and Basis**: The prices of various lithium salts, cathode materials, and lithium batteries have changed. For example, the price of battery - grade lithium carbonate increased from 158,000 to 164,500 yuan/ton, a 4.11% increase [14]. 3.3 Supply - Related - **Lithium Ore**: The price of lithium ore (6% CIF) has changed over time. The production of lithium spodumene mines and lithium mica in China has different trends. The import volume of lithium concentrate has decreased, and the self - sufficiency rate of lithium ore has also changed [24]. - **Lithium Carbonate**: The weekly and monthly production, capacity, and import volume of lithium carbonate from different sources (lithium spodumene, lithium mica, salt lake, and recycling) have different trends and changes [31]. - **Lithium Hydroxide**: The weekly capacity utilization rate, monthly production, and export volume of lithium hydroxide have changed. The production from smelting and causticizing sources also shows different trends [40]. 3.4 Cost - Profit of Lithium Compounds - The cost and profit of purchased lithium spodumene concentrate, lithium mica concentrate, and recycled materials for lithium carbonate production have changed over time. The processing cost composition of lithium mica and lithium spodumene also shows different proportions [46]. - The profit of lithium carbonate import, industrial - grade lithium carbonate purification, and lithium hydroxide carbonation to lithium carbonate has changed [46][49]. 3.5 Inventory - The weekly and monthly inventory of lithium carbonate and lithium hydroxide from different sources (smelter, downstream, etc.) has changed. The number of lithium carbonate warehouse receipts has also increased [54]. 3.6 Demand - Related - **Lithium Battery - Power Battery**: The price, production, loading volume, and export volume of power batteries have changed. The cost of power battery cells has also changed [57]. - **Lithium Battery - Energy Storage**: The inventory, winning bid situation, production, and cost of energy - storage batteries have changed [59]. - **Ternary Precursor**: The price, cost, processing fee, capacity utilization rate, and production of ternary precursors have changed. The supply - demand balance also shows different situations [62][65]. - **Ternary Material**: The price, cost, profit, processing fee, production, and inventory of ternary materials have changed [70][73]. - **Phosphoric Acid Iron/Phosphoric Acid Iron Lithium**: The price, production cost, profit, capacity, and production of phosphoric acid iron and phosphoric acid iron lithium have changed [74]. - **New Energy Vehicle**: The production, sales, export volume, and sales penetration rate of new energy vehicles have changed [82].

Report Industry Investment Rating There is no information provided in the content regarding the report's industry investment rating. Core Viewpoints - On March 30, equity index futures were mixed, while most commodities rose, with SCFIS(Europe) leading the raise. In equity index futures, IC rose 0.3%, and IF dropped 0.3%. In commodity futures, the top three gainers were SCFIS(Europe), Lithium Carbonate, and Benzene, while the top three decliners were Sodium Hydroxide, Synthetic Rubber, and Silicon Metal [9][10][11]. - Crude oil prices are expected to move in a range-bound but strong trend due to supply reductions and rising uncertainty in the Middle East geopolitical situation. Lithium carbonate prices are expected to operate in a range-bound manner as the supply - demand fundamentals are relatively sound. Aluminum prices are expected to remain range - bound with a bullish tilt in the short term and may see an upward shift in the medium - term price center [20][29][37]. Summary by Directory 1. China Futures 1.1 Overview - On March 30, equity index futures were mixed, and most commodities rose. SCFIS(Europe) led the increase. In equity index futures, IC rose 0.3%, and IF dropped 0.3%. In commodity futures, SCFIS(Europe) rose 6.3% with a 38.4% month - on - month increase in open interest, Lithium Carbonate gained 4.5% with a 4.0% month - on - month decrease in open interest, and Benzene advanced 4.3% with a 1.1% month - on - month increase in open interest. The top three decliners were Sodium Hydroxide, Synthetic Rubber, and Silicon Metal [9][10][11]. 1.2 Daily Raise 1.2.1 Crude Oil - On March 30, the main contract of Crude Oil rose 3.1% to 763.5 yuan/barrel (INE). The Middle East geopolitical situation has led to supply reductions and rising uncertainty over its duration. Supply disruptions through the Strait of Hormuz have caused sustained supply cuts from Gulf countries. Russia's shipments increased in March but still face security challenges. The market currently faces a supply shortfall, and consumer inventories are expected to decline in April [16][20][21]. 1.2.2 Lithium Carbonate - On March 30, the main Lithium Carbonate futures contract rose 4.5% to 171620 yuan/ton (GFEX). Supply is strong overall, but there are concerns due to disruptions such as Zimbabwe's ore export ban and diesel supply issues in Australia. Demand for cathode and battery production is high from March to April, and the decline in new energy vehicle sales and production is expected to narrow. Inventories have slightly accumulated recently, and the supply - demand balance is tight [25][29][31]. 1.2.3 Aluminum - On March 30, the main Aluminum futures contract rose 3.4% to 24725 yuan/ton (SHFE). Short - term macro sentiment is volatile, and geopolitical conflicts increase supply concerns. In the medium term, supply growth is limited, and demand is resilient. The price is expected to remain range - bound with a bullish tilt [35][37]. 2. Important News 2.1 Macro News - China plans to build an underwater high - speed railway beneath the Yangtze River with a total investment exceeding 500 billion yuan, which is estimated to drive upstream and downstream industries to generate nearly 1.5 trillion yuan in added value [42]. - Trump wants to "seize" Iran's oil and does not rule out occupying Kharg Island. He also said Iran has agreed to "most of" the 15 - point ceasefire plan [42][43]. - The Iranian Foreign Ministry Spokesman said U.S. proposals are "highly unreasonable". An Iranian official plans to introduce an access and toll system for vessels passing through the Strait of Hormuz. Iran confirmed that the IRGC Navy Commander was killed in an airstrike [42][43].

1. Report's Industry Investment Rating - No information available 2. Core Viewpoints of the Report - On March 30, 2026, most domestic futures main contracts rose. The shipping index for European routes increased by over 6%, while caustic soda dropped by over 4%. The market is significantly influenced by the tense situation in the Middle East, with expectations of inflation rising and potential impacts on various commodity prices. Different commodities have their own supply - demand characteristics and price trends [6][7][11] 3. Summary by Related Catalogs 3.1 Commodity Performance and Market Overview - As of the close on March 30, domestic futures main contracts mostly rose. The shipping index for European routes increased by over 6%, and lithium carbonate, Shanghai tin, fuel oil, and pure benzene rose by over 4%. In terms of declines, caustic soda dropped by over 4%, and synthetic rubber and industrial silicon fell by over 2%. In the stock index futures market, the CSI 300 index futures (IF) main contract fell 0.33%, while the CSI 500 index futures (IC) main contract rose 0.23%. In the bond futures market, all varieties rose. In terms of capital flow, as of 15:23 on March 30, funds flowed into the Shanghai gold 2606 and Shanghai silver 2606 contracts, and flowed out of the Shanghai - Shenzhen 2606 and CSI 2606 contracts [6][7] 3.2 Market Analysis of Specific Commodities 3.2.1 Copper - Shanghai copper opened low and closed high, turning positive at the end. Tensions in the Middle East may push up oil prices and reignite inflation, with some Fed officials sending hawkish signals. Global copper smelting capacity is shrinking, and the utilization rate of recycled copper smelting capacity has declined. In March, the expected output of electrolytic copper in China increased, but there are maintenance plans in the second quarter, which will lead to a decline in output. Currently, overseas copper inventories are high, and imports may increase. Copper demand has increased, but terminal consumption in the automotive and new - energy vehicle sectors has declined. In the long - term, the supply - tight situation supports copper prices [9][11] 3.2.2 Lithium Carbonate - Lithium carbonate opened and closed high, rising by over 4% during the day. In March, the start - up rate decreased, and in February, imports increased year - on - year. After the Spring Festival, upstream production gradually increased, but there is a high probability of domestic lithium mine复产, which is a potential negative factor. In April, the production of lithium batteries increased, but the inventory of lithium carbonate showed a trend of accumulation, and downstream demand growth may slow down. The rise in the futures price is mainly due to supply - side disruptions, and the overall domestic supply of lithium mines still needs to be monitored for the domestic复产 rhythm. The situation in the Middle East may affect the price of lithium carbonate [12] 3.2.3 Crude Oil - EIA data shows that U.S. crude oil inventories increased more than expected. The market focuses on the situation in the Middle East. Iran's oil production and exports are large, and the near - halt of the Strait of Hormuz has led to production cuts in Middle Eastern oil - producing countries. Although IEA has released strategic oil reserves, the delivery speed is slow. The U.S. has relaxed some sanctions, and Iraq has reached an agreement to resume oil exports. However, the situation in the Middle East remains tense, and the risk of an oil price spike still exists [14] 3.2.4 Asphalt - Last week, the asphalt start - up rate decreased, and the planned production in April decreased significantly. After the Spring Festival, downstream construction rates mostly increased, and shipments increased, but they are still at a low level. The inventory rate of asphalt plants decreased slightly. The market is worried about a shortage of raw materials for domestic refineries due to the situation in the Middle East. It is expected that asphalt will fluctuate strongly, and attention should be paid to the situation in the Middle East [15][16] 3.2.5 PP - As of the week of March 27, the downstream start - up rate of PP increased slightly, but it has not returned to the pre - holiday level. On March 28, the start - up rate of PP enterprises decreased, and the production ratio of standard products decreased. After the Spring Festival, petrochemical inventories have decreased. The conflict in the Middle East still exists, and the risk of oil supply interruption has not been eliminated. The supply - demand pattern of PP has improved, but the downstream is resistant to high prices. It is expected that the price of PP will fluctuate strongly, and attention should be paid to downstream复产 and the Middle East situation [17] 3.2.6 Plastic - On March 28, the plastic start - up rate remained at around 80%. As of the week of March 27, the downstream start - up rate of PE increased, but it has not returned to the pre - holiday level. After the Spring Festival, petrochemical inventories have decreased. The conflict in the Middle East still exists, and the risk of oil supply interruption has not been eliminated. New production capacity has been put into operation in 2026, and the start - up rate has continued to decline recently. The supply - demand pattern of plastic has improved, but the downstream is resistant to high prices. It is expected that the price of plastic will fluctuate strongly, and attention should be paid to downstream复产 and the Middle East situation [19] 3.2.7 PVC - The price of calcium carbide in the upstream northwest region is stable. The start - up rate of PVC increased, and the downstream average start - up rate also increased, but the downstream is resistant to high prices. Some overseas device loads have decreased, and export prices have increased. Social inventories have increased slightly, and the real estate market is still in the adjustment stage. PVC has the expectation of anti - involution, and the upstream raw material supply is tight. It is recommended to wait and see for now [20][21] 3.2.8 Coking Coal - Coking coal opened high and closed low, falling during the day. Domestic mine production resumed smoothly, but the output of clean coal decreased. Downstream coking enterprises and steel mills increased their inventories, and coke production increased. High - end coking coal has no market at the asking price, and market acceptance of high prices is low. The impact of the Middle East situation on coking coal has weakened, and it is expected that the price will gradually return to the fundamental logic [22] 3.2.9 Urea - The urea spot market was stable on the weekend, and the trading activity was acceptable. Factories have pending orders and no pressure to reduce prices. Internationally, urea is in short supply, while in China, supply is relatively abundant. After the end of agricultural demand, the downstream mainly depends on compound fertilizer factories. The start - up rate of compound fertilizer factories has increased, and the inventory of urea factories has decreased significantly. It is expected that urea will fluctuate at a high level in the short term [23]

1. Report Industry Investment Rating There is no information about the report industry investment rating in the provided content. 2. Core View of the Report - Industrial silicon futures are in a sideways consolidation on the weekly line. The price of the main contract is expected to fluctuate between 8,000 - 9,500 yuan/ton, and it is recommended to wait and see [7][8]. - Polysilicon futures are in a downward channel on the weekly line, and the price is close to the sensitive bottom position of past market conditions. It is recommended to wait and see [27][29]. - Lithium carbonate futures are in a wide - range volatile operation. The main contract is expected to oscillate between 120,000 - 200,000 yuan, and it is recommended to wait and see [44][45]. 3. Summary According to the Directory 3.1 Industrial Silicon Futures - **Mid - line Trend Judgment**: The industrial silicon futures are in a sideways consolidation on the weekly line. The spot price of industrial silicon was stable last week. As of March 27, the price of 421 in Xinjiang was 8,950 yuan/ton, in Yunnan was 9,800 yuan/ton, and in Sichuan was 9,900 yuan/ton. The main force has a relatively obvious bearish attitude [7]. - **Mid - line Strategy Suggestion**: The industrial silicon futures are in an oscillating operation. The main contract is expected to operate in the range of 8,000 - 9,500 yuan/ton. It is recommended to wait and see [8]. - **Related Data**: As of April 19, 2024, the SHF electrolytic aluminum inventory was 228,537 tons, a decrease of 3,228 tons from the previous week. The LME copper inventory was 122,125 tons, and the proportion of cancelled warrants was 25.73%. From a seasonal perspective, the current inventories are at a relatively low level compared to the past five years [11][13][16]. 3.2 Polysilicon Futures - **Mid - line Trend Judgment**: The polysilicon futures are in a downward channel on the weekly line. The spot price of polysilicon decreased last week. As of March 27, the price of polysilicon (compact material) was 39 yuan/kg, and the price of polysilicon (re - feed material) was 41 yuan/kg. The main force has no obvious long or short bias [27][29]. - **Mid - line Strategy Suggestion**: The polysilicon futures are in a downward channel, and the price is close to the sensitive bottom position of past market conditions. It is recommended to wait and see [29]. - **Related Data**: As of April 19, 2024, the SHF electrolytic aluminum inventory was 228,537 tons, a decrease of 3,228 tons from the previous week. The LME aluminum inventory was 504,000 tons, and the proportion of cancelled warrants was 66.03%. From a seasonal perspective, the current inventories are at a relatively low level compared to the past five years [32][33][38]. 3.3 Lithium Carbonate Futures - **Mid - line Trend Judgment**: The lithium carbonate futures are in a wide - range volatile operation. The spot price of lithium carbonate increased slightly last week. As of March 27, the market price of industrial - grade lithium carbonate was 154,250 yuan/ton, and the market price of battery - grade lithium carbonate was 157,350 yuan/ton. The main force shows a strong bearish sentiment [44][45]. - **Mid - line Strategy Suggestion**: The lithium carbonate futures have a relatively large fluctuation range. The main contract is expected to oscillate between 120,000 - 200,000 yuan. It is recommended to wait and see [45]. - **Related Data**: As of April 19, 2024, the SHF electrolytic aluminum inventory was 228,537 tons, a decrease of 3,228 tons from the previous week. The LME aluminum inventory was 504,000 tons, and the proportion of cancelled warrants was 66.03%. From a seasonal perspective, the current inventories are at a relatively low level compared to the past five years [48][49][54].

1. Report Industry Investment Rating No information provided in the content. 2. Core Viewpoints of the Report - The 05 contract showed an upward trend this week, with the opening price on Monday at 141,500 yuan/ton and the closing price on Friday at 168,440 yuan/ton, a weekly increase of 19.04%. It is expected that next week, the supply side's production scheduling will decrease, the demand side will continue to increase, and the cost will remain low. The market may experience a bullish and volatile adjustment [4][7]. 3. Summary by Relevant Categories Review and Outlook - **Supply Side**: This week, the lithium carbonate production was 24,814 tons, higher than the historical average. Lithium spodumene production was 15,314 tons, a 2.68% month-on-month increase; lithium mica production was 3,227 tons, a 0.94% increase; salt lake production was 3,715 tons, a 4.21% increase; and recycling production was 2,558 tons, a 1.91% increase [4]. - **Demand Side**: In February 2026, the demand for lithium carbonate was 111,503 physical tons, a 10.57% month-on-month decrease. The predicted demand for next month is 132,845 physical tons, a 19.14% increase. In February, the export volume was 208 physical tons, a 49.26% decrease, and the predicted export volume for next month is 625 physical tons, a 0.48% increase [5]. - **Cost Side**: The cost of externally purchased lithium spodumene concentrate was 159,158 yuan/ton, with a daily increase of 0.89%, resulting in a loss of 3,183 yuan/ton. The cost of externally purchased lithium mica was 151,428 yuan/ton, a 3.96% daily increase, with a profit of 1,295 yuan/ton. The production cost on the recycling side was generally higher than that of the ore side, with negative production income and low production enthusiasm. The quarterly cash production cost on the salt lake side was 32,231 yuan/ton, significantly lower than that of the ore side, with sufficient profit margins and strong production motivation [6]. - **Inventory Side**: The smelter inventory was 17,332 tons, a 4.36% month-on-month increase, lower than the historical average. The downstream inventory was 46,657 tons, a 1.20% increase, higher than the historical average. Other inventories were 35,500 tons, a 1.82% decrease, lower than the historical average. The total inventory was 99,489 tons, a 0.62% increase, lower than the historical average [7]. Fundamental Analysis - **Lithium Ore Supply**: The report presents historical price trends of lithium ore (6% CIF), production of Chinese sample lithium spodumene mines, domestic total lithium mica production, monthly imports of lithium concentrate, lithium ore self - sufficiency rate, and weekly port trader and unsold lithium ore inventories [14]. - **Lithium Carbonate Supply**: It includes the weekly operating rate of lithium carbonate (by source), weekly production of lithium carbonate (by source), monthly production of lithium carbonate (by grade and raw material), monthly import volume of lithium carbonate, and the amount of lithium carbonate exported from Chile to China [20][23]. - **Lithium Hydroxide Supply**: It shows the weekly capacity utilization rate of domestic lithium hydroxide, monthly operating rate of lithium hydroxide (by source), production capacity of lithium hydroxide (by source), production of lithium hydroxide (by source), and export volume of Chinese lithium hydroxide [29]. - **Lithium Compound Cost - Profit**: It analyzes the cost - profit of externally purchased lithium spodumene concentrate, lithium mica concentrate, various recycled lithium materials, industrial - grade lithium carbonate purification, lithium hydroxide carbonization to lithium carbonate, lithium hydroxide processing, smelting and causticizing methods of lithium hydroxide, lithium hydroxide export, and lithium carbonate causticizing to lithium hydroxide [35][38][41]. - **Inventory**: It provides information on lithium carbonate warehouse receipts, weekly and monthly inventories of lithium carbonate (by source), and monthly inventories of lithium hydroxide (by source) [43]. - **Demand - Lithium Battery - Power Battery**: It includes the price trend of batteries, monthly production of power battery cells, monthly power battery loading volume, power cell monthly shipment volume, lithium battery exports, and cell cost [47]. - **Demand - Lithium Battery - Energy Storage**: It shows the inventory of lithium battery cells, energy storage system EPC and other equipment bidding prices and average prices, energy storage battery industry operating rate, energy storage cell monthly shipment volume, monthly production of energy storage cells, and the cost - price trend of 314Ah lithium iron phosphate energy storage cells [49]. - **Demand - Ternary Precursor**: It presents the price of ternary precursors, cost and profit of ternary precursor 523 (polycrystalline/consumer), processing fees of ternary precursors, capacity utilization rate of ternary precursors, production capacity of ternary precursors, and monthly production of ternary precursors [52]. - **Demand - Ternary Precursor - Supply - Demand Balance**: It provides a monthly supply - demand balance sheet of ternary precursors, including export, demand, import, production, and balance [55]. - **Demand - Ternary Material**: It includes the price of ternary materials, cost - profit of ternary material 523 (polycrystalline/consumer), weekly operating rate of ternary materials, production capacity of ternary materials, production of ternary materials, processing fees of ternary materials, export and import volumes of ternary materials, and weekly inventory of ternary materials [58][61]. - **Demand - Iron Phosphate/Iron Phosphate Lithium**: It shows the price of iron phosphate/iron phosphate lithium, production cost of iron phosphate, cost - profit trend of iron phosphate lithium, production capacity of iron phosphate/iron phosphate lithium, monthly operating rate of iron phosphate and iron phosphate lithium, monthly production of iron phosphate and iron phosphate lithium, monthly export volume of iron phosphate lithium, and weekly inventory of iron phosphate lithium [62][65][67]. - **Demand - New Energy Vehicle**: It includes the production, export volume, sales volume, sales penetration rate of new energy vehicles, retail - to - wholesale ratios of hybrid and pure - electric vehicles by the Passenger Car Association, monthly dealer inventory warning index, and monthly dealer inventory index [70][74]. Technical Analysis - The main 05 contract showed an upward trend this week. Based on the LC main contract's price, trading volume, and moving average data, it is expected that the market may experience a bullish and volatile adjustment next week [77].

Market Overview - A-shares opened lower but rebounded, with the Shanghai Composite Index rising 0.63% to 3,913.72 points, while the Shenzhen Component Index increased by 1.13%[3] - U.S. stocks fell sharply, with the Dow Jones down 1.73% to 45,166 points, and the Nasdaq dropping 2.15% to 20,948 points, amid concerns over global economic recession[10] - European markets declined, with the Euro Stoxx 600 index falling approximately 1.1%, erasing year-to-date gains[10] Commodity and Currency Movements - The U.S. dollar index surpassed 100, while gold prices rebounded nearly 3%, reaching $4,494.09 per ounce[4][27] - Crude oil prices surged, with WTI crude rising 5.46% to $99.64 per barrel and Brent crude increasing 4.22% to $112.57 per barrel due to escalating Middle East tensions[26][27] - The Japanese yen fell below the 160 mark against the dollar, reflecting market volatility[27] Corporate Earnings and Economic Indicators - China's industrial profits for January-February reached 10,245.6 billion yuan, a year-on-year increase of 15.2%, marking the highest value in four months[6] - U.S. consumer confidence dropped to a three-month low in March, as reported by the University of Michigan[6] - The European Central Bank's officials indicated potential interest rate hikes if the conflict in Iran persists beyond June[6] Sector Performance - In the Hong Kong market, healthcare and lithium battery sectors led gains, with the Hang Seng Index closing at 24,951.88 points, up 0.38%[12] - In the U.S., large tech stocks faced significant declines, with Meta and Amazon both dropping around 4%[10] - The energy sector in the U.S. saw gains due to rising oil prices, with Chevron increasing by 1.62%[10]

1. Report Industry Investment Rating There is no information about the report industry investment rating in the provided content. 2. Core Viewpoints of the Report - Through macro - fundamental and technical analysis, the report predicts the trends of various futures contracts on March 30, 2026, and the overall trends in March 2026. Index futures are expected to be weak and volatile, while aluminum, lithium carbonate, crude oil, fuel oil, asphalt, polypropylene, styrene, p - xylene, methanol, and ethylene glycol futures are expected to be strong and volatile. Silver, platinum, and palladium futures are expected to be weak and volatile [1][2]. - The report also provides macro - news and trading tips, including government policies, international relations, and economic data, which may affect the futures market [7]. - Analyzes the market performance of various futures on March 27, 2026, and provides support and resistance levels for each futures contract [21]. 3. Summary by Relevant Catalogs 3.1 Futures Market Forecast - **March 30, 2026 Forecast** - Index futures (IF2606, IH2606, IC2606, IM2606) are expected to be weak and volatile, with specific support and resistance levels provided [2][27]. - Ten - year and thirty - year treasury bond futures are expected to be strong and volatile, with corresponding support and resistance levels [2][45][48]. - Gold, silver, platinum, and palladium futures are expected to be weak and volatile, with support and resistance levels [2][55][67][72][77]. - Copper, zinc, nickel, and tin futures have different trends, with support and resistance levels [2][81][96][100][104]. - Aluminum, alumina, and lithium carbonate futures are expected to be strong and volatile, with support and resistance levels [2][87][91][108]. - Steel - related futures (rebar, hot - rolled coil, iron ore, coking coal) have different trends, with support and resistance levels [2][113][115][118][124]. - Glass and soda ash futures are expected to be weak and volatile, with support and resistance levels [2][127][134]. - Crude oil, fuel oil, and asphalt futures are expected to be strong and volatile, with support and resistance levels [2][140][145][149]. - Polyethylene, polypropylene, styrene, PTA, p - xylene, PVC, methanol, ethylene glycol, butadiene, and soybean meal futures are expected to be strong and volatile, with support and resistance levels [2][152][159][164][169][172][175][180][185][188][189]. - **March 2026 Forecast** - Index futures (IF2606, IH2606, IC2606, IM2606) are expected to be weak and volatile, with specific support and resistance levels [5]. - Gold, silver, platinum, and palladium futures are expected to be weak and volatile, with support and resistance levels [5][55][67][72][77]. - Copper, zinc, nickel, and tin futures are expected to be weak and volatile, with support and resistance levels [5][81][96][100][104]. - Aluminum and lithium carbonate futures are expected to have wide - range oscillations, with support and resistance levels [5][87][108]. - Alumina, iron ore, coking coal, and soda ash futures are expected to be strong and volatile, with support and resistance levels [5][91][118][124][134]. - Glass futures are expected to be weak and have wide - range oscillations, with support and resistance levels [5][127]. - Crude oil, fuel oil, and asphalt futures are expected to be strong and volatile, with support and resistance levels, and crude oil and fuel oil may hit new highs [5][140][145][149]. - Polyethylene, polypropylene, styrene, PTA, PVC, and methanol futures are expected to be strong and volatile, with support and resistance levels [5][152][159][164][169][175][180]. 3.2 Macro - news and Trading Tips - Government policies include promoting service industry development, establishing trade and investment working groups between China and the EU, and launching trade barrier investigations against the US [7]. - International relations involve the Iran - US - Israel conflict, including military actions, peace - negotiation efforts, and the impact on the Middle East situation [9][10][11]. - Economic data shows that from January to February, the total profit of industrial enterprises above designated size in China increased by 15.2% year - on - year, and the profit of high - tech manufacturing increased by 58.7% [7]. 3.3 Futures Market Analysis on March 27, 2026 - Index futures (IF2606, IH2606, IC2606, IM2606) had different opening prices, showed upward trends after opening, and had specific closing prices and price ranges [21][22]. - Treasury bond futures (T2606, TL2606) had different opening prices, showed different trends, and had specific closing prices and price ranges [44][47]. - Gold, silver, platinum, and palladium futures had different opening prices, showed upward trends after opening, and had specific closing prices and price ranges [50][67][72][77]. - Copper, aluminum, alumina, zinc, nickel, and tin futures had different opening prices, showed different trends, and had specific closing prices and price ranges [81][86][91][96][100][104]. - Steel - related futures (rebar, hot - rolled coil, iron ore, coking coal) had different opening prices, showed different trends, and had specific closing prices and price ranges [113][115][118][123]. - Glass and soda ash futures had different opening prices, showed different trends, and had specific closing prices and price ranges [127][134]. - Crude oil, fuel oil, and asphalt futures had different opening prices, showed different trends, and had specific closing prices and price ranges [138][145][148]. - Polyethylene, polypropylene, styrene, PTA, p - xylene, PVC, methanol, ethylene glycol, butadiene, and soybean meal futures had different opening prices, showed different trends, and had specific closing prices and price ranges [152][158][164][169][172][175][179][185][188][189].