This report is provided by MacroTerms.com

Data as of: 2026-10-30 · Settlement: Exchange settlement (15:00 Beijing close, vs prior settlement)
Generated: 2026-10-30 07:06:51 · Benchmark settle: 2026-10-29
Body, Best Trade and charts share the same settlement snapshot; intraday live prices are not part of conclusions

Futures Morning Report 2026-10-30

Core View 1. Black commodities show clear differentiation. Hot-rolled coil long-side liquidation pressured prices down; breaking below the next pivot S1 at 3164.33 would target the near 20-day low of 3150, driven by weaker-than-expected demand and inventory accumulation. Methanol longs increased positions actively; stabilizing above the next pivot R1 at 3510.67 would target the high end, driven by overnight international linkage.
2. Non-ferrous metals sector overall weak. Gold (Au) breaking below the next pivot S1 at 863.28 would target the near 20-day low of 856.28, supported by a strong dollar and fading safe-haven demand. Copper (Cu) open interest decreased; breaking below the next pivot S1 at 108226.67 would target the near 20-day low. Silver (Ag) increased positions while declining, breaking below the next pivot S1 at 12495.33 would target the near 20-day low.
3. On the macro level, the CNH/USD exchange rate at 6.6565 weakened, transmitting from international overnight settlement to the Asian early session and then to the China night session, causing most varieties to close lower. Funds predominantly reduced positions; focus should be on risk preference changes over the weekend amid ample liquidity.