最近一周，Token支出价格指数保持在0.97美元上方。指数先跌后稳，10月10日至14日基本维持在0.97—0.98美元区间，短期价格波动明显收窄。不过尽管价格下行速度有所放缓，但尚未出现持续反弹迹象。 -------- 1、各大模型降价以及用户从昂贵的前沿模型转向更便宜的开源模型、小模型，推动token价格下跌。 2、当前阶段价格下降可能刺激需求增加，这有利于AI应用等板块，对云厂商影响复杂，而对OpenAI、Anthropic等模型厂商来说，定价权下降则是个风险因素。 3、数据来自OpenAI、Anthropic、DeepSeek等全球顶尖AI模型。

Seaborne Russian refined product exports fell to a daily average of about 979,000 b/d in the first 10 days of October, based on calculations from Vortexa. Diesel and gasoil exports were down about 11% versus September’s daily average; naphtha fell about 4%. The Russian government has eased a diesel export ban, so volumes could recover later this month. An agreement between Trump and Putin to release Russian fuel to global markets took effect on Oct. 11, but contracts must still be finalised, so Russian diesel shipments to the US may take another two to three weeks. Earlier Ukrainian strikes on Russian refineries prompted the export curbs to protect domestic supply; Zelenskiy’s pledge to resume attacks on Russian refining facilities poses an upside risk to further export disruption. Russia said it plans to continue importing gasoline at least through year-end.

克里姆林宫表示，俄罗斯正在建立一个安全区，该区域将不参与与乌克兰的任何谈判。沿边界的安全带长达660公里，其中450公里目前在俄罗斯控制之下。