综合晨报：美日协议详细版本公布，美7月PMI创半年新低

未获得东证期货书面授权，任何人不得对本报告进行任何形式的发布、复制。本报告的信息均来源于2025-07-25 目录1、金融要闻及点评.................................................................................................................................................................41.1、宏观策略（黄金）............................................................................................................................................................41.2、宏观策略（外汇期货(美元指数)）..................................................................................................................................41.3、宏观策略（美国股指期货）............................................................................................................................................51.4、宏观策略（股指期货）....................................................................................................................................................51.5、宏观策略（国债期货）....................................................................................................................................................62、商品要闻及点评.................................................................................................................................................................72.1、农产品（豆粕）................................................................................................................................................................72.2、农产品（白糖）................................................................................................................................................................72.3、农产品（豆油/菜油/棕榈油）.........................................................................................................................................82.4、黑色金属（螺纹钢/热轧卷板）......................................................................................................................................82.5、农产品（玉米淀粉）........................................................................................................................................................92.6、农产品（玉米）................................................................................................................................................................92.7、黑色金属（动力煤）......................................................................................................................................................102.8、黑色金属（铁矿石）......................................................................................................................................................102.9、农产品（生猪）..............................................................................................................................................................102.10、有色金属（铜）............................................................................................................................................................112.11、有色金属（多晶硅）....................................................................................................................................................122.12、有色金属（工业硅）....................................................................................................................................................132.13、有色金属（镍）............................................................................................................................................................132.14、有色金属（碳酸锂）....................................................................................................................................................142.15、能源化工（液化石油气）............................................................................................................................................142.16、能源化工（碳排放）....................................................................................................................................................152.17、能源化工（天然气）....................................................................................................................................................152.18、能源化工（烧碱）........................................................................................................................................................152.19、能源化工（纸浆）........................................................................................................................................................16 2期货研究报告 3期货研究报告2.20、能源化工（PVC）..........................................................................................................................................................162.21、能源化工（瓶片）........................................................................................................................................................172.22、能源化工（纯碱）........................................................................................................................................................172.23、能源化工（浮法玻璃）....................................................................................................................