Core Viewpoint - The Dalian Commodity Exchange (DCE) has optimized its delivery-related rules, effective from July 1, 2025, to enhance market understanding and participation in delivery processes [1] Group 1: Delivery Methods - The optimization integrates daily selection delivery into rolling delivery, allowing both rolling and one-time deliveries to support vehicle board delivery methods [1] - The eligible futures products for vehicle board delivery remain unchanged, specifically eggs, live pigs, plywood, and logs [1] - Customers participating in rolling delivery can choose between vehicle board delivery or standard warehouse receipt delivery, while those in one-time delivery are limited to standard warehouse receipt delivery [1] Group 2: Rolling Delivery Application Process - A unified intention declaration and matching rule for rolling delivery is a key focus of the optimization [2] - Sellers can submit rolling delivery applications through members from the first trading day to the day before the last trading day of the delivery month, with applications not exceeding their net short positions [2] - The exchange will review these applications and publish approved seller delivery application details daily, with applications being irrevocable once submitted [2] Group 3: Seller Obligations - Sellers must ensure that their net short positions are greater than or equal to the approved rolling delivery application quantity at the time of matching [3] - If a seller's net short position is less than the approved application quantity during the matching process, they will be prohibited from submitting seller applications for rolling delivery in that product for one year [3]

6月17日，一个让全球贸易商都睡不着觉的消息传来：美国对中国六类商品开出了史上最狠关税单。 说好的缓和呢？中美伦敦会谈才过了一周，特朗普就翻脸不认人，最高1157%的税率直接把外交脸面撕了个稀烂。 美国到底想干啥？三周后还能坐下来好好谈吗？ 税率冲击震撼开场 1157%！这数字一出来，估计不少人都得掐掐自己，你敢信？一辆在美国街头跑得欢的中国"三蹦子"，税率居然能飙到这个程度。 说起这"三蹦子"，在美国那可是香饽饽。爱荷华州的农场主一口气就订了500辆，用来拉饲料、运农具，比皮卡还好使。二手市场上，用了一两年的中国电 动三轮车，转手价格能达到新车的七八成，有些改装版甚至比原价还贵。 前言 可现在呢？反倾销税478%，反补贴税41%，加一块儿就是519%。还有两家倒霉的中国企业，税率直接被拉到了1157.53%。 不光是三蹦子遭殃。熔渣桶294%，胶合板504%，制动鼓最高446%，特朗普这次是铁了心要把中国制造往死里整。这些商品有个共同点：都是有点技术含 量，但又不是美国完全离不开的。 说白了，特朗普这次玩的是"精准割肉"。不像之前那样无差别扫射，这回专挑软肋下手。毕竟全面开战的教训还历历在目，美国自己也疼得 ...

据美方统计，2024年美国自各涉案国家进口被调查产品的金额分别约为：中国5292万美元、印度尼西亚 3.4亿美元、越南2.5亿美元。 据中国贸易救济信息网，6月12日，应美国胶合板公平贸易联盟及其会员企业于2025年5月22的申请，美 国商务部宣布对进口自中国、印度尼西亚和越南的硬木装饰胶合板发起反倾销和反补贴调查。 ...

6月11日，商品市场仓单数据显示： | 品种 | 仓单数量 | 增减变化 | | --- | --- | --- | | 橡胶 | 193340 | 120 | | 20号胶 | 34372 | 4234 | | 丁二烯橡胶 | 11420 | -150 | | PTA | 87441 | 96 | | 短纤 | 5464 | 2000 | | 甲醇 | 11195 | 1050 | | 乙二醇 | 6906 | 140 | | 聚丙烯 | 5060 | -30 | | 苯乙烯 | 0 | 0 | | 尿素 | 6042 | -9 | | 纯碱 | 7441 | 0 | | 烧碱 | 0 | 0 | | 聚乙烯 | 5734 | 0 | | 玻璃 | 877 | 0 | | 纸浆 | 239208 | 4790 | 截止北京时间6月11日，据基差数据显示：纸浆、丁二烯橡胶、PTA、玻璃、甲醇、尿素、纯碱、短 纤、PX、烧碱、聚乙烯、聚丙烯、乙二醇、苯乙烯、20号胶品种合约出现'期现倒挂'(现货价格高于期 货价格)现象。 6月12日，国内期市化工板块互有涨跌，胶合板主力跌逾3%。截止目前，胶合板主力下跌3.53 ...

Core Viewpoint - The Linyi Municipal Government is actively implementing an advanced industrial strategy, focusing on industrial transformation and upgrading, with Linyi Urban Investment Group leading the charge through market-oriented reforms and park construction [1] Group 1: Wanhuaheshang Industrial Park - The Wanhuaheshang Industrial Park is a benchmark for traditional industry upgrades, focusing on the wood industry, which is a key sector in Linyi [2] - The park was established in 2022 in collaboration with Wanhuaheshang Board Industry, featuring a complete industrial chain from board materials to home furnishings [2][3] - The park has attracted various upstream and downstream enterprises, forming a comprehensive industrial cluster over 1976 acres [2] Group 2: Tianhe Industrial Park - Tianhe Industrial Park is a new digital economy hub, covering 55 acres with a total investment of 1.5 billion yuan, featuring advanced computing facilities [4][5] - The park aims to provide diverse computing services, supporting applications in scientific computing, artificial intelligence, and industrial simulation [4] - It has signed contracts with major companies and research institutions to foster a digital industry cluster [5][6] Group 3: Yimeng New Quality Industrial Park - The Yimeng New Quality Industrial Park focuses on emerging industries, including robotics and new energy technologies, and was initiated in response to national policy trends [7][8] - The park aims to create a comprehensive service mechanism for enterprises, facilitating their establishment and growth [8] - It is positioned as a model for integrating industry and urban development, contributing to Linyi's economic growth [8][9] Group 4: Synergy Among the Three Parks - The three parks complement each other: Yimeng focuses on strategic emerging industries, Tianhe drives digital transformation, and Wanhuaheshang emphasizes green home furnishings [9] - Together, they expand the boundaries of high-quality industrial development in Linyi, showcasing a new model of industrialization [9] - The parks are part of a broader strategy for state-owned enterprise reform and transformation from urban investment to industrial investment [9]

金十数据整理：每日期货市场要闻速递（6月9日） 7. 联合国粮农组织(FAO)表示，受谷物、糖和植物油价格显著下跌的影响，5月全球食品商品价格有所 下降。5月FAO粮食价格指数平均值为127.7点，比4月份下降了0.8%。 1. 上海航运交易所数据显示，截至6月6日，上海出口集装箱运价指数（综合指数）报2240.35点，与上 期相比涨167.64点。中国出口集装箱运价综合指数报1154.98点，与上期相比涨3.3%。 8. 据海关总署公告，根据我国相关法律法规和中华人民共和国海关总署与乌拉圭东岸共和国牧农渔业部 有关乌拉圭豆粕、油菜籽粕输华卫生与植物卫生要求规定，即日起，允许符合相关要求的乌拉圭豆粕、 油菜籽粕进口。 2. 据Mysteel，6月6日山东市场主流钢厂对焦炭采购价湿熄下调70元/吨，干熄下调75元/吨，2025年6月6 日0时起执行。 3. 根据市场调研，South32澳矿发运时间延迟，首船尚未发出，导致国内到港时间可能延至6月。因此， 本月天津港氧化矿到港量环比下降，澳矿货源紧张局面预计将持续至下周，导致cml澳块报价继续上 涨。 4. 当地时间6月6日上午，宝武与力拓集团联合开发的西坡铁矿项 ...

Core Viewpoint - The Dalian Commodity Exchange has decided to adjust the margin level for plywood futures contracts from 40% to 15%, effective from June 9, 2025 [1] Group 1 - The margin adjustment is aimed at increasing trading activity in plywood futures [1] - The new margin level is expected to enhance liquidity in the plywood market [1] - This change reflects the exchange's strategy to attract more participants to the plywood futures market [1]

Core Viewpoint - Eucalyptus is a versatile species that integrates economic, ecological, and social benefits, and its water consumption controversy should not be oversimplified [1][9][16] Economic Impact - Eucalyptus serves as a "green engine," significantly contributing to regional economic development, particularly in southern China, where it supports industries like wood processing and paper production [2][5] - The eucalyptus industry in Guangxi has created a complete industrial chain, enhancing local living standards and laying a foundation for sustainable regional economic growth [2][5] Ecological Value - Eucalyptus has multiple ecological benefits, including soil stabilization and air purification, with its artificial forests showing strong carbon sequestration capabilities [7][8] - Scientific management practices, such as extending rotation periods and intercropping with broadleaf species, can enhance the ecological functions of eucalyptus [9][12] Water Consumption Debate - The water consumption of eucalyptus is a complex issue that requires a nuanced understanding of various factors, including climate and soil conditions [8][9] - Long-term monitoring indicates that eucalyptus plantations can improve local microclimates and increase annual precipitation in surrounding areas [9] Innovative Cultivation Practices - Recent explorations of mixed planting models with eucalyptus have shown positive results in soil health and nutrient cycling, reducing reliance on chemical fertilizers [12][13] - The annual timber yield from eucalyptus plantations has significantly increased due to improved cultivation techniques, with some areas achieving yields of over 25 cubic meters per hectare [12][13] Sustainable Development - Eucalyptus plantations are being integrated into sustainable development frameworks in regions like Guangdong, contributing to ecological and aesthetic benefits [15][16] - The ongoing international trade dynamics and environmental discussions necessitate a scientific approach to eucalyptus management to ensure the security of China's timber industry [16]

文/梧桐小新 4月21日，上交所公布对浙江升华云峰新材股份有限公司主板IPO终止审核的决定，直接原因是公司及保荐机构东兴证券撤回申报。 资料显示，云峰新材早于 2021年 10 月申报上交所主板IPO，并预披露招股说明书，后续全面注册制平移至交易所受理。平移后，公司IPO 申报于 2023年3月3日获 得受理，后于同年6月收到交易所问询，但一直未披露问询函及相关回复。公司本次申报IPO拟募资12.4939亿元。 一、2023年净利润超3亿，但资产负债率有所提升 云峰新材成立于1995年12月，主要从事室内装饰材料及定制家居成品的设计、研发、生产和销售，主要产品包括人造板、木地板、科技木以及衣柜、橱柜、木门 等定制家居成品。公司"莫干山"品牌胶合板销量行业排名第二。 报告期各期末，公司存货余额分别为26,867.48万元、34.353.07 万元34,147.68万元和 37,608.40万元。报告期各期末，公司存货跌价准备余额分别为 578.05 万元、 612.73 万元、550.03 万元和 688.15万元。 报告期内，发行人合并资产负债率与同行业可比公司对比如下： | 公司名称 | 2024. 6. ...