截至8月28日，S&P GSCI農業現貨指數據原帖統計連漲11日、累計上漲13.4%；但8月31日已回落0.74%，連漲宣告結束。本輪上漲存在真實供給驅動。黑海運輸受襲後，俄羅斯糧食正轉運波羅的海，但替代通道預計最多隻能覆蓋約一半缺口。FAO數據顯示，7月全球穀物價格環比上漲3.4%，小麥上漲5.8%；但綜合食品指數僅上漲0.6%，肉類和乳製品反而回落。因此，這更像食品通脹的前置信號，尚不能證明全面通脹已經重啓。關鍵在於黑海擾動持續多久，以及漲勢能否由小麥擴散至油脂、肉類和零售端。

Market sources: Saudi state oil giant ARAMCO is in talks with banks on a loan.

Aug. 31 — Toujing Life shares plunged. Wind shows the stock closed at 16.96 yuan, down 9.98%, with market value about 2.8 bln yuan. The company said the decline reflects multiple factors and should be a normal correction after earlier gains. It noted products procured via centralized procurement have relatively low gross margins, and several core products will enter centralized procurement in 2024 and 2025. Management said it is stepping up promotion to increase the share of non‑procurement products, which are concentrated in autoimmune, fungal and molecular pathology areas.