Group 1: Commodity Market Overview - The domestic commodity futures market experienced overall weak fluctuations with significant differentiation among varieties on September 19 [1] - The industrial silicon market saw a notable increase, leading the commodity market with a rise of over 3.6% due to tightening supply [1][3] - The shipping market, particularly the European shipping index, faced a sharp decline of over 6%, marking it as the worst performer in the commodity market [1][5] Group 2: Industrial Silicon Analysis - Industrial silicon prices rose by 3.62% on September 19, supported by a decrease in supply, with a daily increase of over 26,000 contracts [3] - The national industrial silicon production is estimated at approximately 84,000 tons this week, down from 85,100 tons the previous week, indicating a continued decline [3] - Concerns about production cuts in regions like Sichuan and Yunnan have increased, with some companies planning to reduce output after the peak water season [3] Group 3: Protein Meal Market - The protein meal market saw a collective rebound, with the main contract for rapeseed meal rising by 2.15% and soybean meal increasing by 0.43% [4] - The domestic soybean meal market shows strong bottom support, while supply bottlenecks in rapeseed are limiting the downside potential for meal prices [4] Group 4: Shipping Market Dynamics - The European shipping index faced significant downward pressure, with the main contract dropping 6% due to increased pressure on airlines to secure cargo amid a shipping off-season [5] - The current shipping market sentiment is pessimistic, influenced by a lack of sufficient supply reduction compared to the previous year [5] - Despite the current downturn, there are expectations that the decline in shipping rates may slow down after the National Day holiday, with hopes for a rebound in cargo volume towards the end of the year [5] Group 5: Polyester Chain Weakness - The polyester chain products, including PTA and PX, collectively weakened, with both experiencing declines of over 2% [6] - The demand for downstream products like bottle flakes is transitioning into an off-season, contributing to the overall weakness in the polyester market [6] - The continued low international oil prices and a nearly 2% drop in domestic crude oil prices are exerting additional pressure on the PX and PTA markets [6]

"反内卷"政策陆续传导至各个板块，叠加市场对中国石化行业的关注，今日化工板块大面积上涨，其中烧碱主力合约在昨日及夜盘大幅拉升后维持高位震 荡，最终收涨3.35%。目前下游非铝需求和氧化铝需求均表现尚可，周内山东高浓度液碱价格再度上调也对市场形成提振，此外，据隆众资讯，截至8月21 日，全国20万吨及以上固定液碱样本企业厂库库存39.64万吨（湿吨），环比下调9.46%。中泰期货预计，当前现货市场价格稳定，山东市场供应维持高位但 需求环比走强，现货价格短期内难以出现较大幅度下滑；期货价格受强现实、化工品期货集体上涨影响大幅度冲高，多头择机止盈。 此外，聚酯链商品在化工品中表现较强，国泰君安期货分析称，昨日韩国政府表示，韩国石化集团将削减石脑油裂解产能，由于未来海内外乙烯装置仍有投 放计划，总体供应仍显过剩，但短期对烯烃相关产品市场情绪产生了扰动。 新华财经北京8月21日电 8月21日，工业硅、烧碱涨超3%，对二甲苯、短纤、PTA、瓶片涨超2%，合成橡胶、SC原油、液化石油气、高低馏燃料油、塑料、 20号胶、丙烯涨超1%；集运欧线、鸡蛋跌超2%，焦煤、尿素、菜粕、二号大豆、纯碱、豆粕跌超1%。 截至下午收盘时，追 ...