This report is provided by MacroTerms.com

Data as of: 2026-11-04 · Settlement: Exchange settlement (15:00 Beijing close, vs prior settlement)
Generated: 2026-11-04 07:15:42 · Benchmark settle: 2026-11-03
Body, Best Trade and charts share the same settlement snapshot; intraday live prices are not part of conclusions

China Futures Morning Report 2026-11-04: Oil Plummets and Black Commodities Decline with Increased Positions, Methanol and Industrial Silicon Settlement Delayed

1. Oil affected by geopolitical factors and inventory data; INE settlement fell sharply by 6.31% to 694.9, night session continued to decline 2.48% to 677.
7. If it breaks below the next pivot S1 at 677.1, the trend will continue, targeting the 20-day low of 670; if it rebounds back to R1 at 719.5, the bearish judgment will be invalidated.
2. Rebar futures declined with increased positions, with long positions actively adding 11,613 hands. Settlement at 3002 is at the 0.7% quantile of the 20-day low. If it breaks below the next pivot S1 at 2981, the trend will continue, targeting S2 at 2971; if it stabilizes above R1 at 3010, the weak judgment will be invalidated.
3. Methanol and Industrial Silicon settlements have not been updated to 2026-11-03, only referencing the last settlement price from 2026-11-02 (Methanol 3553, Industrial Silicon 8595). No daily rise/fall or trading view is given; related strategies are paused until data resumes.