Group 1: Investment Ratings - No investment ratings are provided in the report. Group 2: Core Views - After the concentrated release of risks, both commodity and equity assets have recovered, but positions have not rebounded, indicating a stage of restorative rebound. The market sentiment is gradually improving, but the recovery process remains uncertain [3]. - Treasury bond futures are oscillating weakly and may continue to trade in a narrow range in the short term. The 10-year bond yield is expected to fluctuate between 1.8% - 1.85%, and the T2603 contract may trade between 108 - 108.3 [3]. - Gold is in a stage of bottoming out and rebounding, but bullish confidence still needs to be restored. Silver prices may fluctuate widely between $75 - $95 [3]. Group 3: Summary by Variety Financial Products - **Stock Index Futures**: The dividend sector led the market higher, while the TMT sector was slightly weak. After the concentrated release of risks, both commodity and equity assets recovered, but positions did not rebound. It is recommended to control portfolio risks, use bull spreads, or buy call options on days of significant intraday pullbacks to position for the index [3]. - **Treasury Bond Futures**: Treasury bond futures oscillated weakly and may continue to trade in a narrow range in the short term. It is recommended to use range - trading strategies for single - sided positions, focus on flattening the yield curve, and arrange position transfers before the Spring Festival to avoid post - holiday liquidity shortages [3]. - **Precious Metals**: Gold is in a stage of bottoming out and rebounding, but bullish confidence still needs to be restored. Silver prices may fluctuate widely between $75 - $95. Platinum and palladium followed gold's rebound and entered a consolidation phase, and it is advisable to wait for a clear direction [3]. Metals - **Steel and Iron Ore**: Steel prices have reasonable valuations and short - term long positions can be attempted. Iron ore prices are under pressure after steel mills completed restocking. It is recommended to short at around 800 [3]. - **Coking Coal and Coke**: Coking coal prices in Shanxi have weakened slightly, and Mongolian coal prices have retreated from highs. Coke price increases by major coke producers have been implemented. Both are expected to trade in a range, and a strategy of going long on coking coal and short on coke can be considered [3]. - **Non - Ferrous Metals**: Copper inventories have increased in three locations, and the CL premium is oscillating. It is recommended to take a long - term long position on dips. Aluminum prices may experience short - term increased volatility, but the long - term outlook remains positive. It is advisable to hold long positions on dips [3]. New Energy - **Industrial Silicon and Polysilicon**: Industrial silicon futures are oscillating, and an arbitrage window is about to open. Polysilicon futures prices rose in the afternoon under the influence of the space photovoltaic concept and are expected to trade at high levels. It is advisable to wait and see [3]. - **Lithium Carbonate**: The macro environment is temporarily stable, and the price fluctuations have narrowed. It is recommended to use range - trading strategies [3]. Energy and Chemicals - **Petrochemical Products**: PX and PTA are expected to trade in a high - level range with limited upward drivers. Short - fiber and bottle - grade polyester chips follow the raw material price trends. It is recommended to use range - trading strategies and look for opportunities to narrow the processing margins [3]. - **Other Chemicals**: Ethanol is facing significant inventory build - up pressure in February. Pure benzene and styrene are affected by supply - demand and inventory factors. It is recommended to wait and see and look for opportunities to narrow spreads [3]. Agricultural Products - **Grains and Oils**: The supply of soybeans and soybean meal is abundant in February. Palm oil has potential positive fundamentals in January, which may support the price. Corn prices are oscillating with weak single - sided drivers [3]. - **Livestock and Poultry**: The number of live pig slaughterings has increased significantly, and the supply - demand game before the festival has intensified. Egg prices continue to be weak, while apple prices are oscillating higher [3]. - **Sugar, Cotton, and Others**: Sugar prices are expected to trade in a range, and cotton prices have limited downward adjustment space. It is advisable to hold long positions. Egg prices are weak, and it is recommended to hold long positions in apples and then exit at an appropriate time [3].

数据来源: Wind, Mysteel、广发期货研究所。请仔细阅读报告尾端免责声明。历史分位数:根据各品种近五年的基差水平排序 | 品种/合约 | 现货价格 | 期货价格 | 基差 | 县左率 | 历史分位数 | 现货参考 | 留注 | | --- | --- | --- | --- | --- | --- | --- | --- | | 硅铁 (SF603) | 5698 | 5654 | 44 | 0.78% | 60.60% | 折算价:72硅铁合格块:内蒙-天津仓单 | | | 硅罐 (SM603) | 5920 | 5868 | 55 | 0.89% | 35.70% | 折算价:6517硅锰:内蒙-湖北仓单 | | | 螺纹钢 (RB2605) | 3230 | 3110 | 120 | 3.86% | 53.40% | HRB40020mm:上海 | | | 热卷(HC2605) | 3260 | 3274 | -14 | -0 43% | 13.00% | Q235B: 4.75mm: 上海 | | | 铁矿石 (12605) | 836 | 782 | રેર | 7.01% | 44.00 ...

原木期货日报 兜贡戸明 需求:日均出库量 間度) 1月30日 地区 1月23日 涨跌 涨跌幅 单位 6.18 0% 中国 6.17 -0.01 0.28 8% 万/立方米 3.89 3.61 山东 1.59 -0.35 江苏 1.94 -18% 原木日均出库量(万方) 原木主要港口库存(万方) 750 10 650 8 550 450 r 350 250 2 150 0 1/1 2/1 3/1 4/1 5/1 6/1 7/1 8/1 9/110/111/112/1 1/1 1/1 2/1 3/1 4/1 5/1 6/1 7/1 8/1 9/1 10/111/112/1 -2023 =2024 == 2025 = ·2026 =2023 == 2024 === 2024 = 2026 辐射松4米中A: CFR价(美元/JAS立方米) 山东辐射松3.9中A现货价(元/立方米) 1000 =2022 == 2024 == 2024 == 2025 = -2026 950 200 a00 180 850 TEO 800 750 140 700 120 650 1/1 2/1 3/1 4/1 5/1 6/1 7/1 8 ...

聚酯产业链日报 出处为"广发期货"。 投资咨询业务资格:证监许可 【2011】1292号 2026年2月5日 知识图强,求实奉献,客户至上,合作共赢 张鹏珍 Z0003135 | 下游聚酯产品价格及现金流 | 上游价格 | 品种 | 品种 | 2月3日 | 涨跌幅 | 单位 | 2月3日 | 涨跌 | 涨跌幅 | 2月4日 | 涨跌 | 2月4日 | 車位 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 美元/桶 | POY150/48价格 | 2.13 | 3.2% | 7020 | -1.1% | 69.46 | 67.33 | 7095 | -75 | 元/吨 | 布伦特原油(4月) | 65.14 | 63.21 | -0.5% | 1.93 | 3.1% | FDY150/96价格 | 7255 | 7295 | -40 | WII原油(3月) ...

| 股指期货价差日报 | 投资咨询业务费格: 证监许可【2011】1292号 2026年2月5日 | Z0016628 | 叶倩宁 | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 品种 | 全历史分位数 | 展新值 | 较前一日变化 | 历史1年分位数 | F期现价差 | -5.08 | 77.40% | 51.00% | 2.02 | | | | | | | | H期现价去 | 2.56 | 4.14 | 78.60% | 71.10% | 期现价差 | IC期现价差 | 14.54 | 19.24 | 98.30% | 96,70% | IM期现价差 | -3.72 | 77.53 | 80.00% | 79.40% | | 次月-当月 | -5.20 | -0.60 | 77.4096 | 48.80% | 零月-当月 | -33.80 | -1.20 | 48.30% | 32.60% | 远月-当月 ...

IIII HER 2026年2月5日 周敏波 Z0015979 价格及其美 | | 现值 | 前值 | 日涨跌 | 日涨跌幅 | 单位 | | --- | --- | --- | --- | --- | --- | | SMM 1#电解铜 | 104405 | 101320 | +3085.00 | 3.04% | 元/吨 | | SMM 1#电解铜升贴水 | -100 | -120 | +20.00 | | 元/吨 | | SMM 广东1#电解铜 | 104640 | TOTESS | +3085.00 | 3.04% | 元/吨 | | SMM 广东1#电解铜升贴水 | -160 | -220 | +60.00 | | 元/呼 | | SMM湿法铜 | 104325 | 101210 | +3115.00 | 3.08% | 元/吨 | | SMM湿法铜升贴水 | -180 | -230 | +50.00 | | 元/吨 | | 精废价差 | лаза | 3288 | +1651.10 | 50.22% | 元/吨 | | LME 0-3 | -69.40 | -59.17 | -10.23 | - | ...

| 81.00 | 期货 | œ | | --- | --- | --- | | GF FUTURES | | | 苹果 现值 前值 涨跌 涨跌幅 单位 苹果2605 (主力) 9594 109 9485 1.15% 苹果2610合约 8310 8256 54 0.65% 元/吨 基差 -1394 -1285 -109 -8.48% 苹果5-10价差 1284 1229 55 4.48% 槎龙果品批发市场到货 60 53 7 13.21% 江门水果批发市场到货 35 27 8 29.63% 车 下桥水果批发市场到货 42 34 8 23.53% 115274 5380 期货持仓量 120654 4.67% # 全国冷库库存 654.05 682.78 -28.73 -4.21% 万吨 盘面利润 -1525 -1434 -91 -6.35% 元/吨 主产区现货成交价格 | 油脂产业期现日报 | 1 75 | 投资咨询业务资格:证监许可 [2011] 1292号 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | ...

交产业期现日报 投资咨询业务资格:证监许可 【2011】1292号15200 2026年2月5日 | F GF FUTURES | | --- | | 现货价格及基差 | | | | | | | --- | --- | --- | --- | --- | --- | | 品种 | 2月4日 | 2月3日 | 涨跌 | 涨跌幅 | 单位 | | 云南国营全到胶(SCRWF):下海 | 16100 | 15900 | 200 | 1.26% | | | 全乳基差 | -285 | -280 | -5 | -1.79% | 元/吨 | | 泰标混合胶报价 | 15300 | 15150 | 150 | 0.99% | | | 非标价差 | -1085 | -1030 | -55 | -5.34% | | | 杯胶:国际市场:FOB中间价 | 53.80 | 53.50 | 0.30 | 0.56% | 泰铢/公斤 | | 胶水:国际市场:FOB中间价 | 58.80 | 58.80 | 0.00 | 0.00% | | | 月间价差 | | | | | | | 合约 | 2月4日 | 2月3日 | 涨跌 | 涨跌幅 ...

免费声明 关注微信公众号 | 失矿石产业期现日报 | | | | | | | --- | --- | --- | --- | --- | --- | | 投资咨询业务资格:证监许可 【2011】1292号 2026年2月5日 | | | | 徐艺丹 Z0020017 | | | 铁矿石相关价格及价差 | | | | | | | 品种 | 现值 | 前值 | 深扶夫 | 涨跌幅 | 单位 | | 仓单成本:卡粉 | 848.9 | 844.6 | 4.4 | 0.5% | | | 仓单成本:PB粉 | 835.8 | 831.4 | 4.4 | 0.5% | | | 仓单成本:巴混粉 | 835.5 | 831 2 | 4.3 | 0.5% | | | 仓单成本:金布巴粉 | 873.1 | 868.8 | 4.3 | 0.5% | | | 05合约基差:卡粉 | 67.4 | 67.1 | 0.4 | 0.5% | 元/吨 | | 05合约基差:PB粉 | 54.3 | 53.9 | 0.4 | 0.7% | | | 05合约基差:巴混粉 | 54.0 | 53.7 | 0.3 | 0.6% | | | 05 ...

广发早知道-汇总版 广发期货研究所 电 话：020-88818009 E-Mail：zhangxiaozhen@gf.com.cn 目录： 每日精选： 每日重点关注品种逻辑解析 金融衍生品： 金融期货： 股指期货、国债期货 贵金属： 黄金、白银、铂、钯 集运欧线 商品期货： 有色金属： 铜、氧化铝、铝、铝合金、锌、锡、镍、不锈钢、碳酸锂、工业硅、多 晶硅 黑色金属： 钢材、铁矿石、焦煤、焦炭、硅铁、锰硅 农产品： 油脂、粕类、玉米、生猪、白糖、棉花、鸡蛋、红枣、苹果 能源化工： PX、PTA、乙二醇、短纤、瓶片、纯苯、苯乙烯、LLDPE、PP、甲醇、烧 碱、PVC、尿素、纯碱、玻璃、天然橡胶、合成橡胶 投资咨询业务资格： 证监许可【2011】1292 号 组长联系信息： 张晓珍（投资咨询资格：Z0003135） 电话：020- 88818009 邮箱：zhangxiaozhen@gf.com.cn 周敏波（投资咨询资格：Z0010559） 电话：020-81868743 邮箱：zhoumingbo@gf.com.cn 朱迪（投资咨询资格：Z0015979） 电话：020-88818008 邮箱：zhudi@g ...