生猪产业期现日报 投资咨询业务资格:证监许可 【2011】1292号 2025年11月4日 朱迪 Z0015979 | 期货指标 | | | | | | | --- | --- | --- | --- | --- | --- | | 品种 | 现值 | 前日 | 涨跌 | 张跃幅 | 单位 | | 主力合约基左 | 465 | ୧୫୧ | -220 | -32.12% | | | 生猪2605 | 11800 | 11895 | -d5 | -0.80% | | | 生猪2601 | 11735 | 11815 | -80 | -0.68% | 元/吨 | | 生猪1-5价差 | -65 | -80 | 15 | 18.75% | | | 主力合约持仓 | 144679 | 134889 | 9790 | 7.26% | | | 仓单 | 185 | 206 | -21 | -10.19% | 主 | | 现货价格 | | | | | | | 品种 | 现值 | 前值 | 张跌 | 当地升贴水 | 单位 | | 河南 | 12200 | 12500 | -300.0 | 0 | | | 山东 | 12350 ...

关注微信公众号 知识图强,求实奉献,客户至上,合作共赢 | 期现日报 | | | | | | --- | --- | --- | --- | --- | | | | | 纪元菲 | 0813180 | | 现货价格与基差 | | | | | | 品种 11月3日 | 10月31日 | 涨跌 | 涨跌幅 | 单位 | | N型复投料 - 平均价(元/千克) (左轴) 52250.00 | 52250.00 | 0.00 | 0.00% | | | N型颗粒硅 - 平均价(元/千克) (左轴) 50500.00 | 50500.00 | 0.00 | 0.00% | 元/肥 | | N型料基差(平均价) -3815.00 | -4160.00 | 345.00 | 8.29% | | | N型硅片-210mm - 平均价 (元/片) 1.6900 | 1.6900 | 0.00 | 0.00% | 元/片 | | N型硅片-210R - 平均价 1.3600 | 1.3600 | 0.00 | 0.00% | | | 单晶Topcon电池片-210R - 平均价(元/瓦) 0.2850 | 0.2850 | 0. ...

| 股指期货价差日报 | | | | | | | --- | --- | --- | --- | --- | --- | | 投资咨询业务资格:证监许可【2011】1292号 2025年11月4日 | | | | 叶倩宁 | Z0016628 | | 价差 | 品种 | 最新作 | 较前一日变化 | 历史1年分位数 | 全历史分位数 | | | F期现价差 | -18.60 | -9.34 | 40.90% | 24.70% | | 期现价差 | H期规价差 | 0.25 | -3.40 | 57.30% | 57.90% | | | IC開现价差 | -94.00 | -5.40 | 22.50% | 4.00% | | | IM期现价差 | -140.12 | -1.64 | 65.0096 | 11.30% | | | 次月-当月 | -11.40 | -1,80 | 39.30% | 35.00% | | | 李月-当月 | -36 20 | -4.00 | 32.30% | 30.10% | | | 远月-当月 | -71.60 | -4.20 | 34.00% | 26.30% | | IF跨期价 ...

Group 1: Report Industry Investment Ratings - No relevant content found Group 2: Core Views of the Report Pig Industry - Short - term pig prices may be supported. The current market has entered a range - bound pattern, and the 3 - 7 inverse spread can continue to be held [2] Oil and Fat Industry - Palm oil may gradually stop falling and stabilize around 4000 ringgit. US soybean oil fundamentals are currently bearish, but cost - side support exists. Domestic soybean oil supply is sufficient, and the market is in a multi - empty coexistence situation. Dalian palm oil futures are in a downward trend, and soybean oil may experience a rebound after a possible decline [5] Corn Industry - The corn market is currently in a low - level oscillation, with selling pressure limiting the upward movement. In the medium - to - long - term, it will be in a tight - balance pattern with policy support [6] Meal Industry - Domestic soybean meal is expected to show a strong upward trend, and rapeseed meal prices have risen significantly [8] Cotton Industry - Short - term cotton prices may oscillate within a range [10] Sugar Industry - International raw sugar prices are in a weak - oscillation trend, and domestic sugar prices are relatively resistant to decline, maintaining a low - level oscillation [12][13] Egg Industry - Short - term egg prices may be in a situation where they are difficult to rise or fall, and are expected to gradually transition to a slow - rising trend, with prices oscillating in a wide range at the bottom [15] Group 3: Summary by Related Catalogs Pig Industry - **Futures Indicators**: The main contract basis decreased by 32.12%, and the positions of the main contract increased by 7.26%. The prices of "Live Pig 2605" and "Live Pig 2601" decreased by 0.80% and 0.68% respectively [2] - **Spot Prices**: Spot prices in various regions decreased, with the largest decline in Hunan at 300 yuan/ton [2] - **Spot Indicators**: The daily slaughter volume of sample points increased by 0.73%, the weekly price of piglets decreased by 23.08%, and the self - breeding and purchased - piglet breeding profits increased by 51.89% and 37.83% respectively [2] Oil and Fat Industry - **Palm Oil**: The current price in Guangdong decreased by 1.15%, the futures price of "P2601" decreased by 1.14%, and the basis remained unchanged. The import cost decreased by 1.24%, and the import profit increased by 2.97% [5] - **Soybean Oil**: The current price in Jiangsu decreased by 0.36%, the futures price of "Y2601" decreased by 0.22%, and the basis decreased by 4.41% [5] - **Rapeseed Oil**: The current price in Jiangsu increased by 0.51%, the futures price of "OI601" increased by 0.51%, and the basis increased by 0.61% [5] Corn Industry - **Corn**: The futures price of "Corn 2601" increased by 0.52%, the Pingcang price in Jinzhou Port increased by 0.94%, and the 1 - 5 spread decreased by 6.19% [6] - **Corn Starch**: The futures price of "Corn Starch 2601" increased by 0.53%, the basis decreased by 18.57%, and the 1 - 5 spread increased by 2.78% [6] Meal Industry - **Soybean Meal**: The current price in Jiangsu increased by 0.66%, the futures price of "M2601" increased by 0.17%, and the basis increased by 1500.00%. The import profit of US Gulf soybeans increased by 3.8%, while that of Brazilian soybeans decreased by 23.8% [8] - **Rapeseed Meal**: The current price in Jiangsu increased by 2.02%, the futures price of "RM2601" increased by 4.31%, and the basis decreased by 64.63%. The import profit of Canadian rapeseed increased by 32.60% [8] Cotton Industry - **Futures Market**: The futures price of "Cotton 2605" increased by 0.07%, the price of ICE US cotton increased by 0.20%, and the 5 - 1 spread increased by 50.00% [10] - **Spot Market**: The Xinjiang arrival price of "3128B" decreased by 0.12%, and the CC Index of "3128B" decreased by 0.01% [10] - **Industry Situation**: Commercial inventory increased by 68.4%, industrial inventory decreased by 4.3%, and imports increased by 42.9% [10] Sugar Industry - **Futures Market**: The futures price of "Sugar 2601" increased by 0.29%, the price of ICE raw sugar increased by 1.80%, and the 1 - 5 spread decreased by 5.71% [12] - **Spot Market**: The Nanning price remained unchanged, and the Kunming price decreased by 0.26%. The basis in Nanning and Kunming decreased by 5.93% and 11.78% respectively [12] - **Industry Situation**: National sugar production increased by 12.03%, sales increased by 9.17%, and industrial inventory decreased by 41.20% [12] Egg Industry - **Futures Market**: The price of the "Egg 12 Contract" increased by 0.38%, and the price of the "Egg 01 Contract" increased by 0.87% [15] - **Spot Market**: The egg - producing area price decreased by 2.15%, and the basis decreased by 37.13% [15] - **Industry Indicators**: The price of egg - laying chicks increased by 5.66%, the price of culled chickens decreased by 4.20%, and the breeding profit increased by 6.36% [15]

| 产业期现日报 | | | | | | | --- | --- | --- | --- | --- | --- | | 咨询业务资格:证监许可 【2011】1292号 2025年11月4日 星期二 | | | | 周敏波 | Z0015979 | | 价格及基差 | | | | | | | | 现值 | 前值 | 日涨跌 | 日涨跌幅 | 单位 | | SMM 1#电解铜 | 86840 | 87570 | -730.00 | -0.83% | 元/吨 | | SMM 1#电解铜升贴水 | -5 | 0 | -5.00 | - | 元/吨 | | SMM 广东1#电解铜 | 86335 | 87510 | -575.00 | -0.66% | 元/吨 | | SMM 广东1#电解铜升贴水 | -10 | 0 | -10.00 | - | 元/吨 | | SMM湿法铜 | 86745 | 87455 | - 710.00 | -0.81% | 元/吨 | | SMM湿法铜升贴水 | -100 | -115 | +15.00 | - | 元/吨 | | 精废价差 | 3321 | 3966 | -645.00 ...

线2景期级上市以来8 百分位版 IF期现价差 IF跨期价差 70 -90 -110 -150 4/1 7/2 10/1 IH期现价差 IH跨期价差 3200 3000 200 8 2400 -80 2200 3/1 5/1 7/1 9/1 11 us F : #50 IC跨期价差 IC開现价差 8 9 2 100 7 -300 V -500 3/ 上 - 14 110 IM期现价差 IM跨期价差 tion and the see the see the see the see the see the see the see the see the see the see the see the see the see the see the see the seen the . 12 100 -90 140 -190 -240 340 3/1 5/1 7/1 11/1 e/1 跨品种比值 跨品种比值 4.00 3,00 | 2.00 2.00 1 50 2.00 00 P深300/上证50 - 一中国 n 知识图强，求实奉献，客户至上，合作共赢 国债期货价差日报 投资咨询业务资格：证监许可【2011】1292 ...

Report Industry Investment Rating - No relevant information provided Core Views Copper - After the expectations of interest rate cuts and tariff benefits are realized, the short - term driving force is weak, and copper prices oscillated yesterday. In the medium - to - long - term, the supply - demand contradiction supports the upward shift of the bottom center of copper prices, but short - term sharp increases restrain demand. The subsequent focus is on marginal changes in demand and Sino - US tariff situations, with the main contract supported at 86000 - 86500 [1]. Aluminum - Cost support shows signs of bottoming, but the industry's profit space has shrunk significantly, and about 30% of production capacity is facing losses. The short - term aluminum price will fluctuate between event - driven factors and weak reality. It is necessary to be vigilant about the risk of a callback to the 20500 - 20800 yuan/ton range [3]. Alumina - It is expected that the alumina price will continue to maintain a weak oscillation. The main contract is expected to be in a weak position. It is necessary to pay attention to the supply in Guinea, domestic environmental policies, and inventory changes [3]. Casting Aluminum Alloy - Casting aluminum alloy prices are expected to maintain a strong oscillation, with the main contract reference range of 20400 - 21000 yuan/ton. The subsequent focus is on scrap aluminum supply, procurement costs, and inventory reduction [5]. Zinc - Against the backdrop of concerns about a squeeze on LME zinc, Shanghai zinc oscillated strongly. In the short - term, zinc prices will oscillate strongly, but the fundamentals provide limited upward momentum. The main contract is expected to oscillate in the range of 22300 - 23000 [9]. Tin - Considering the strong fundamentals, a strategy of buying on dips is recommended. The subsequent focus is on macro changes and the supply recovery in Myanmar in the fourth quarter [11]. Nickel - The nickel price is expected to oscillate in the range of 118000 - 126000. The subsequent focus is on the RKAB approval in Indonesia in 2026 [13]. Stainless Steel - The stainless - steel price is expected to oscillate weakly in the short - term, with the main contract reference range of 12500 - 13000. The subsequent focus is on macro expectations and steel mill supply [14]. Lithium Carbonate - In November, the supply - demand change is expected to be limited. The price is expected to oscillate widely, with the main contract reference range of 80000 - 85000 yuan/ton. The current variable lies in whether there will be new information from the mining end [17]. Summary by Directory Copper Price and Basis - SMM 1 electrolytic copper price was 86840 yuan/ton, down 0.83% from the previous day; the SMM 1 electrolytic copper premium was - 5 yuan/ton [1]. Fundamental Data - In October, the electrolytic copper production was 109.16 million tons, a month - on - month decrease of 2.62%; in September, the electrolytic copper import volume was 33.43 million tons, a month - on - month increase of 26.50% [1]. Aluminum Price and Spread - The SMM A00 aluminum price was 21440 yuan/ton, up 0.75% from the previous day; the SMM A00 aluminum premium was 0 yuan/ton [3]. Fundamental Data - In October, the electrolytic aluminum production was 374.21 million tons, a month - on - month increase of 3.52%; the aluminum profile production rate was 53.50%, a month - on - month decrease of 0.37% [3]. Alumina Price and Spread - The average price of alumina in Shandong was 2790 yuan/ton, unchanged from the previous day; the average price of alumina in Guangxi was 3010 yuan/ton, down 0.17% from the previous day [3]. Fundamental Data - In October, the alumina production was 18.2 million tons, a month - on - month increase of 2.39%; the electrolytic aluminum plant's raw material inventory increased by 2.2 million tons week - on - week [3]. Casting Aluminum Alloy Price and Spread - The SMM ADC12 price was 21400 yuan/ton, up 0.47% from the previous day; the SMM East China ADC12 price was 21400 yuan/ton, up 0.47% from the previous day [5]. Fundamental Data - In September, the production of recycled aluminum alloy ingots was 66.10 million tons, a month - on - month increase of 7.48%; the production of primary aluminum alloy ingots was 28.30 million tons, a month - on - month increase of 4.43% [5]. Zinc Price and Spread - The SMM 0 zinc ingot price was 22350 yuan/ton, up 0.31% from the previous day; the SMM 0 zinc ingot premium was - 30 yuan/ton [9]. Fundamental Data - In October, the refined zinc production was 61.72 million tons, a month - on - month increase of 2.85%; in September, the refined zinc import volume was 2.27 million tons, a month - on - month decrease of 11.61% [9]. Tin Spot Price and Basis - The SMM 1 tin price was 285400 yuan/ton, up 0.35% from the previous day; the SMM 1 tin premium was 500 yuan/ton, unchanged from the previous day [11]. Fundamental Data - In September, the tin ore import volume was 8714 tons, a month - on - month decrease of 15.13%; the SMM refined tin production was 10510 tons, a month - on - month decrease of 31.71% [11]. Nickel Price and Basis - The SMM 1 electrolytic nickel price was 122000 yuan/ton, up 0.04% from the previous day; the 1 Jinchuan nickel premium was 2600 yuan/ton, up 1.96% from the previous day [13]. Fundamental Data - China's refined nickel production was 35900 tons, a month - on - month increase of 0.84%; the refined nickel import volume was 38164 tons, a month - on - month increase of 124.36% [13]. Stainless Steel Price and Basis - The 304/2B (Wuxi Hongwang 2.0 coil) price was 12800 yuan/ton, down 0.78% from the previous day; the 304/2B (Foshan Hongwang 2.0 coil) price was 12900 yuan/ton, down 0.39% from the previous day [14]. Fundamental Data - China's 300 - series stainless - steel crude steel production (43 companies) was 182.17 million tons, a month - on - month increase of 0.38%; Indonesia's 300 - series stainless - steel crude steel production (Qinglong) was 42.35 million tons, a month - on - month increase of 0.36% [14]. Lithium Carbonate Price and Spread - The SMM battery - grade lithium carbonate average price was 81000 yuan/ton, up 0.56% from the previous day; the SMM industrial - grade lithium carbonate average price was 78800 yuan/ton, up 0.57% from the previous day [17]. Fundamental Data - In October, the lithium carbonate production was 92260 tons, a month - on - month increase of 5.73%; the lithium carbonate demand was 126961 tons, a month - on - month increase of 8.70% [17].

2025年11日4日 "山斯现日报 好资格:证监许可【2011】1292号 Z0003135 张晓珍 甲醇价格及价差 | 品种 MA2601 收盘价 | 10月31日 2180 | 10月30日 2208 | 张跌 -28.00 | 涨跌幅 -1.27% | 单位 | | --- | --- | --- | --- | --- | --- | | MA2605 收盘价 | 2260 | 2284 | -24.00 | -1.05% | | | MA15价差 | -80 | -76 | -4.00 | 5.26% | | | 太仓基差 | -50 | -45 | -5.00 | 11.11% | | | 内蒙北线现货 | 2005 | 2010 | -5.00 | -0.25% | 元/吨 | | 河南洛阳现货 | 2075 | 2093 | -17.50 | -0.84% | | | 港口太仓现货 | 2155 | 2175 | -20.00 | -0.92% | | | 区域价差: 太仓-内蒙北线 | 150 | ાંદર | -15.00 | -9.09% | | | 区域价差: 太仓-洛阳 proper ...

Report Summary 1. Report Industry Investment Rating - No information provided in the given content. 2. Core View of the Report - The report presents the latest market data of various futures and spot commodities on November 4, 2025, including prices, basis, basis rates, and historical quantiles of different varieties such as ferrosilicon, manganese - silicon, steel, iron ore, non - ferrous metals, precious metals, agricultural products, and energy chemicals, as well as the basis data of stock index futures and bond futures [1]. 3. Summary by Commodity Categories Ferrous Metals - **Silicon - related Products**: 72 - grade ferrosilicon qualified block in Inner Mongolia - Tianjin warehouse receipt has a spot price of 5526, a futures price of 5628, a basis rate of 2.17%, and a historical quantile of 69.20%; 6517 ferromanganese in Inner Mongolia - Hubei warehouse receipt has a spot price of 5794, and the historical quantile is 48.80% [1]. - **Steel Products**: HRB400 20mm rebar in Shanghai has a spot price of 3079, a futures price of 3220, a basis rate of 4.58%, and a historical quantile of 61.00%; Q235B 4.75mm hot - rolled coil in Shanghai has a spot price of 3310, and the historical quantile is 23.70% [1]. - **Ore and Coke**: The 62.5% Brazilian mixed powder (BRBF) of Vale at Rizhao Port has a spot price of 1772, a futures price of 1721, a basis rate of - 2.82%, and a historical quantile of 51.20%; the quasi - first - grade metallurgical coke at Rizhao Port has a historical quantile of 38.95%; the S1.3 G75 main coking coal (Meng 5) at Shaheyi has a spot price of 1385, a futures price of 1285, a basis rate of 7.82%, and a historical quantile of 52.20% [1]. Non - Ferrous Metals - **Copper**: The SMM electrolytic copper average price is 87300, the futures price is 86840, the basis is - 460, the basis rate is - 0.53%, and the historical quantile is 13.75% [1]. - **Aluminum**: The SMM A00 aluminum average price is 21440, the futures price is 21600, the basis is - 160, the basis rate is - 0.74%, and the historical quantile is 9.58% [1]. - **Other Metals**: Zinc, tin, nickel, stainless steel, etc. also have corresponding spot and futures price data and basis information [1]. Precious Metals - **Gold**: The Shanghai Gold Exchange's gold spot AU (T + D) has a price of 922.6, the futures price is 920.2, the basis is - 2.4, the basis rate is - 0.25%, and the historical quantile is 34.30% [1]. - **Silver**: The Shanghai Gold Exchange's silver spot AG (T + D) has a price of 11455.0, the futures price is 11442.0, the basis is - 13.0, and the historical quantile is 64.00% [1]. Agricultural Products - **Oilseeds and Oils**: Soybean meal has a spot price of 3010, a futures price of 3026.0, a basis of - 16.0, a basis rate of - 0.53%, and a historical quantile of 33.90%; soybean oil has a spot price of 8270, a futures price of 8110.0, a basis of 160.0, and a historical quantile of 34.30%; palm oil, rapeseed meal, rapeseed oil, etc. also have corresponding data [1]. - **Grains and Livestock**: Corn, corn starch, live pigs, eggs, cotton, sugar, apples, and jujubes have their respective spot and futures price data, basis, and historical quantiles [1]. Energy Chemicals - **Aromatics and Polyester Raw Materials**: Para - xylene (PX) has a spot price of 6640.0, a futures price of 6723.0, a basis of 83.0, a basis rate of - 1.61%, and a historical quantile of 12.10%; PTA, ethylene glycol, etc. also have relevant data [1]. - **Plastics and Rubber**: LLDPE, PP, PVC, caustic soda, LPG, asphalt, butadiene rubber, glass, soda ash, and natural rubber have corresponding spot and futures price data, basis, and historical quantiles [1]. Financial Futures - **Stock Index Futures**: IF2512.CFE has a spot price of 4634.8, a futures price of 4653.4, a basis of - 18.6, a basis rate of - 0.40%, and a historical quantile of 57.90%; IH2512.CFE, IC2512.CFE, and IM2512.CFE also have relevant data [1]. - **Bond Futures**: 2 - year bond (TS2512), 5 - year bond (TF2512), 10 - year bond (T2512), and 30 - year bond (TL2512) have corresponding basis data and historical quantiles [1].

股指期货持仓日度跟踪 投资咨询业务资格： 广发期货研究所 电 话：020-88818051 E-Mail：yeqianning@gf.com.cn 目录： 股指期货： IF、IH、IC、IM | 品种 | | 主力合 约 | 总持仓点评 | 前二十席位重要变动 | | --- | --- | --- | --- | --- | | 沪深 | 300 | IF2512 | 总持仓小幅下降 | 前二十席位增减仓不一 | | 上证 | 50 | IH2512 | 总持仓小幅下降 | 前二十席位增减仓不一 | | 中证 | 500 | IC2512 | 总持仓保持平稳 | 中信多头增仓超 1000 手 | | 中证 | 1000 | IM2512 | 总持仓小幅上升 | 中泰多空头各加仓超 1000 手 | -2,684.0 -2,422.0 -1,571.0 -1,665.0 -1,034.0 -2,629.0 -107.0 556.0 -3,000 -2,500 -2,000 -1,500 -1,000 -500 0 500 1,000 IF IH IC IM 主力合约持仓变动 总持仓变动 数据来源：Wind 广 ...