Core Viewpoint - The macro trading sentiment has cooled down, leading to profit-taking and a significant decline in commodity futures, with several key commodities hitting their daily limit down [1]. Group 1: Commodity Performance - Soda ash main contract 2509 hit the limit down, closing at 1316 CNY/ton, with a decline of 8.04% and an increase in open interest by over 46,600 contracts compared to the previous day [2]. - Glass main contract 2509 also hit the limit down, closing at 1223 CNY/ton, down by 9%, with a decrease in open interest of over 78,000 contracts and a net outflow of 955 million CNY [2]. - Lithium carbonate main contract 2509 closed at 73,120 CNY/ton, down by 7.98%, with a reduction in open interest of over 112,000 contracts and a net outflow of 2.374 billion CNY [2]. - Industrial silicon main contract 2509 closed at 8,915 CNY/ton, down by 8%, with a decrease in open interest of over 44,000 contracts and a net outflow of 656 million CNY [2]. - Coking coal main contract 2509 hit the limit down, closing at 1,100.5 CNY/ton, down by 11%, with a reduction in open interest of over 126,000 contracts and a net outflow of 2.666 billion CNY [3]. - Coking coal had previously experienced four consecutive trading days of limit up before this decline [3]. Group 2: Market Analysis and Outlook - The analysis from Zhonghui Futures indicates that the short-term capital situation is overly concentrated, leading to increased volatility in coking coal prices. The main focus for future trading will be on the support level around 950-960 CNY/ton [3]. - There is anticipation of a potential second upward trend in coking coal prices if upcoming domestic policy announcements exceed expectations; otherwise, prices are likely to revert to fundamental industry logic [3].