This report is provided by MacroTerms.com

Data as of: 2026-10-13 · Settlement: Exchange settlement (15:00 Beijing close, vs prior settlement)
Generated: 2026-10-13 07:07:10 · Benchmark settle: 2026-10-12
Body, Best Trade and charts share the same settlement snapshot; intraday live prices are not part of conclusions

2026-10-13 China Futures Morning Report

【Three Core Judgments】①Lithium carbonate plunged in a limit-down-style collapse of -11.79% with open interest rising on the decline; shorts are actively pressing. The 20-day percentile stands at 0.1%, already at the extreme bottom of the range, but S1 114433 has not yet formed reliable support—sell into rebounds. ②Energy and chemicals show sharp divergence in strength: methanol +6.04% with open interest rising on the gain, while PTA/PX/EG retreated in the night session. TA processing fee is only 251 yuan/ton, at the 18th percentile over 120 days; go long on methanol processing-profit expansion. ③Black series: coking coal and coke led gains but weakened in the night session; rebar/hot-rolled coil edged higher on rising open interest while iron ore net shorts expanded. The coil-rebar spread is 165 yuan, at a historically extreme low of the 2nd percentile; room for further compression is limited.