This report is provided by MacroTerms.com

Data as of: 2026-10-26 · Settlement: Exchange settlement (15:00 Beijing close, vs prior settlement)
Generated: 2026-10-26 07:10:00 · Benchmark settle: 2026-10-23
Body, Best Trade and charts share the same settlement snapshot; intraday live prices are not part of conclusions

2026-10-26 Ferrous Metals Pressured by Short Position Additions; Chemicals Lead Overnight Gains

Ferrous metals were pressured by short position additions, with the net long position of the most-active rebar contract expanding; if it breaks below the next pivot S1 3032.33, the target is the 20-day low of 3031, while a reclaim of R1 3060.33 would signal repair expectations. Shanghai gold was actively pressured by short additions, with the price at the 6.6% position of its 20-day range; if it breaks below the next pivot S1 854.63, the target is S2 844.89, while a reclaim of R1 877.55 would signal repair expectations. Chemicals led the overnight gains, with methanol and polypropylene rising on increased open interest; if they hold above the next pivot R1 3254.67, further upside is expected, while a break below S1 3171.67 would turn the trend bearish.