| 锡产业期现日报 | | | | | | | --- | --- | --- | --- | --- | --- | | 投资咨询业务资格:证监许可 【2011】1292号 2025年6月16日 | | | | 寇帝斯 | Z0021810 | | 现货价格及基差 | | | | | | | 品种 | 现值 | 前值 | 狱跌 | 涨跌幅 | 单位 | | SMM 1#锡 | 265600 | 265300 | 300 | 0.11% | | | SMM 1#锡升贴水 | 950 | 1100 | -150 | -13.64% | 元/吨 | | 长江 1#锡 | 266100 | 265800 | 300 | 0.11% | | | LME 0-3升贴水 | -82.50 | -75.10 | -7.40 | -9.85% | 美元/吨 | | 内外比价及进口盈亏 | | | | | | | 品种 | 那值 | 前值 | 涨跌 | 涨跌幅 | 单位 | | 进口密亏 | -10937.43 | -9835.62 | -1101.81 | -11.20% | 元/吨 | | 沪伦比值 | 8.09 | 8. ...

| 股指期货价差日报 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 投资咨询业务资格:证监许可【2011】1292号 | | | | | 叶倩宁 | Z0016628 | | | 2025年6月16日 | | | | | | | 品种 | 价差 | | 最新值 | 较前一日变化 | 历史1年分位数 | 全历史分位数 | | 0.82 | | F期现价差 | -7.78 | | 41.80% | 40.00% | | H期现价差 | 期现价差 | | -11.23 | -2.16 | 25.40% | 19.50% | | IC期现价差 | | | -11.24 | 8.69 | 77.00% | 67.00% | | IM期现价差 | | | -21.81 | 13.61 | 90.00% | 48.30% | | 次月-当月 | | | -43.40 | -1.40 | 0.40% | 6.10% | | 季月-当月 | | | -72.40 | -1.00 | 8.60% | 13.60% | | 远月-当月 | | | -104. ...

聚酯产业链日报 投资咨询业务资格:证监许可 【2011】1292号 扫一扫关注广发期货研究资讯 2025年6月16日 聚烯烃产业期现日报 张晓珍 Z0003135 | 下游聚酯产品价格及现金流 | 上游价格 | 品种 | 品种 | 6月12日 | 6月13日 | 6 12日 | 涨跌 | 涨跌幅 | 单位 | 6月13日 | 涨跌 | 涨跌幅 | 单位 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 布伦特原油(8月) | 74.23 | 7.0% | POY150/48价格 | 6975 | 6955 | 50 | 0.7% | 69.36 | 4.87 | 美元/桶 | FDY150/96价格 | 20 | 7.3% | WTI原油(7月) | 72.98 | 68.04 | 4.94 | 7210 | 0.3% | 7230 | | | CFR日本 ...

Report Industry Investment Ratings - There is no information provided regarding the report industry investment ratings in the given content. Core Views Oils and Fats - Palm oil: USDA's June supply - demand data shows a 300,000 - ton increase in global palm oil production and a 588,000 - ton increase in inventory for 2025 - 26. Indonesia's production and inventory remain unchanged, while Malaysia's production rises by 300,000 tons and inventory by 190,000 tons. Geopolitical conflicts and policy利好 may push up palm oil futures in the short - term, but fundamentals suggest potential inventory increase may suppress prices [1]. - Soybean oil: Similar to palm oil, affected by the same supply - demand data and external factors, with potential for short - term upward movement but facing pressure from inventory growth [1]. Meal - Current US soybean trading is influenced by Sino - US trade negotiations and bio - diesel blending requirements. New US soybean plantings have a fast progress and high good - quality rates, which put pressure on prices. Brazilian soybean premiums are strong, and domestic soybean and meal inventories are rising. Domestic meal is expected to oscillate, with limited upside [4]. Corn - Northeast traders have tight inventories and strong price - holding sentiment, and North China traders' shipping willingness is low. Corn prices are strong in the short - term but may face limited upward momentum after a rise. In the long - term, supply shortages and increasing consumption support price increases [7]. Livestock (Pigs) - Spot pig prices are in a volatile pattern. Slaughter weight is slowly decreasing, and secondary fattening has limited impact. Supply - demand improvement is poor, and while there is support from the reserve - purchase policy, upward drivers are weak [12]. Sugar - Global sugar supply is expected to be loose due to favorable weather in major producing regions. Raw sugar is likely to be in a weak - oscillating pattern, and domestic sugar prices are also expected to be weak with increasing import competition and weak demand [14]. Cotton - Old - crop cotton basis is strong, supporting prices, but new - crop production is expected to be high. Downstream demand has marginal improvement but lacks strong drivers. Short - term domestic cotton prices may oscillate within a range [15]. Summary by Related Catalogs Oils and Fats - Price Changes: On June 13, compared with June 12, prices of various oils and fats products showed different degrees of increase or decrease. For example, the price of 24 - degree palm oil in Guangdong increased by 180 to 8530, and the price of P2509 increased by 0.91% [1]. - Inventory: Palm oil warehouse receipts remained unchanged at 17,552 on June 13 compared to June 12, and the inventory of coastal soybean oil and rapeseed oil was also reported [1]. Meal - Price Changes: On June 13, the price of Jiangsu soybean meal increased by 20 to 2900, while the price of M2509 decreased by 8 to 3041. The price of Jiangsu rapeseed meal increased by 40 to 2610, and RM2509 remained unchanged [4]. - Supply and Demand: US soybean production and policy factors affect domestic meal prices. Brazilian soybean supply and domestic inventory trends also play important roles [4]. Corn - Price Changes: On June 13, compared with June 12, the price of corn 2507 decreased by 0.25% - 0.42%, and the price of corn starch 2507 decreased by 0.26% [7]. - Market Situation: The control of grain rights by traders, the supply and demand situation of downstream industries, and policy factors all influence corn prices [7]. Livestock (Pigs) - Price Changes: On June 13, compared with June 12, the price of the main pig contract increased by 8.00%, and the prices of different delivery months also changed slightly [12]. - Market Situation: Factors such as slaughter weight, secondary fattening, supply - demand balance, and policy support affect pig prices [12]. Sugar - Price Changes: On June 13, compared with June 12, the price of sugar 2601 increased by 0.20%, and the price of sugar 2509 increased by 0.30%. Spot prices in different regions decreased slightly [14]. - Industry Situation: Sugar production, sales, inventory, and import data all show different trends, indicating a complex market situation [14]. Cotton - Price Changes: On June 13, compared with June 12, the price of cotton 2509 decreased by 0.18%, and the price of cotton 2601 decreased by 0.11%. ICE US cotton increased by 0.55% [15]. - Market Situation: Supply - side factors (such as inventory and production expectations) and demand - side factors (such as downstream consumption and export data) jointly affect cotton prices [15].

原木期货日报 证监许可 【2011】1292号 2025年6月16日 Z0019556 | 为主,本月主力将移仓至09合约,可关注月差变化。 | | --- | | 数据来源:海关总署、木联数据、Wind、厂发期货研究所。请仔细阅读报告尾端免责声明。 | | 免责声明 | | 本报告中的信息均来源于被广发期货有限公司认为可靠的已公开资料， 但广发期货对这些信息的准确性及完整性不作任何保证。本报告反映 | | 研究人员的不同观点、见解及分析方法，并不代表广发期货或其时候机构的立场。在任何情况下，报告内容仅供参考，报告中部信息或所霖 | | 达贴意见并不构成所述品种买卖部出价或询价，投资者据此投资，风险自担。本报告旨在发送给厂友期货持定客户及其他专业人士，版权归 | | 广发期货所有，未经广发期货书面授权，任何人不得对本报告进行任何形式的发布、复制。如引用、刊发，需注明出处为"广发期货"。 | | DISSIO | 知识图强,求实奉献,客户至上,合作共赢 新西兰→中日韩 关注微信公众号 | 期货和现货价格 | | | | | | | --- | --- | --- | --- | --- | --- | | 品种 ...

Group 1: Natural Rubber Report Industry Investment Rating Not provided Core View Under the expectation of increasing supply and weak demand, the subsequent rubber price is expected to remain weak. Hold the short position at 14,000 and pay attention to the raw material supply in each producing area and macro - event disturbances [1][2] Summary by Directory - **Spot Price and Basis**: On June 13, the price of Yunnan state - owned full - latex (SCRWF) in Shanghai was 13,900 yuan/ton, up 0.36% from the previous day. The full - milk basis (switched to the 2509 contract) decreased by 90.57% [1] - **Inter - month Spread**: The 9 - 1 spread increased by 2.91% to - 835 yuan/ton; the 1 - 5 spread decreased by 10.00% to - 50 yuan/ton; the 5 - 9 spread decreased by 2.20% to 890 yuan/ton [1] - **Fundamental Data**: In April, Thailand's production decreased by 29.16% to 105,700 tons; Indonesia's production decreased by 7.26% to 194,100 tons; India's production decreased by 14.34% to 45,400 tons; China's production increased by 42,300 tons to 58,100 tons. The weekly开工率 of semi - steel tires was 77.98%, up 4.12 percentage points; the weekly开工率 of full - steel tires was 61.24%, down 2.23 percentage points. In April, domestic tire production decreased by 5.07% to 102.002 million pieces; tire export volume decreased by 7.87% to 57.39 million pieces; natural rubber import volume decreased by 11.93% to 523,200 tons [1] - **Inventory Change**: The bonded area inventory decreased by 0.80% to 614,584 tons; the natural rubber factory - warehouse futures inventory on the SHFE increased by 59.45% to 34,876 tons [1] Group 2: Glass and Soda Ash Report Industry Investment Rating Not provided Core View - **Soda Ash**: The supply is gradually recovering, the surplus pattern is obvious. Although there is still some profit for soda ash plants, the overall demand has not increased significantly. After the maintenance, inventory accumulation may accelerate. Hold the previous short positions [3] - **Glass**: After entering the summer rainy season in June, the demand will slow down again. The glass industry still faces over - supply pressure. Wait for more cold - repair to be realized for a real turnaround in the market. Adopt a short - term bearish strategy [3] Summary by Directory - **Glass - related Prices and Spreads**: On June 13, the North China quotation was 1,140 yuan/ton, down 0.87%; the 05 basis decreased by 8.70% [3] - **Soda Ash - related Prices and Spreads**: The North China quotation remained unchanged at 1,400 yuan/ton; the 05 basis increased by 4.26% [3] - **Supply Volume**: The soda ash production rate increased by 8.06% to 84.90%; the weekly soda ash output increased by 8.04% to 740,100 tons; the float glass daily melting volume decreased by 0.70% to 155,700 tons; the photovoltaic daily melting volume decreased by 1.00% to 98,990 tons [3] - **Inventory**: The glass factory warehouse increased by 2.84% to 69.685 million weight boxes; the soda ash factory warehouse increased by 3.82% to 1.6863 million tons; the soda ash delivery warehouse decreased by 5.87% to 327,100 tons; the glass factory's soda ash inventory days increased by 15.91% to 21 days [3] - **Real Estate Data**: The year - on - year growth rate of new construction area was - 18.13%, an increase of 2.99 percentage points; the construction area decreased by 7.56% to - 33.33%; the completion area increased by 15.67% to - 11.68%; the sales area increased by 12.13% to - 1.55% [3] Group 3: Industrial Silicon Report Industry Investment Rating Not provided Core View Although the demand has recovered to some extent, the supply is still increasing. In June, industrial silicon still faces a weak fundamental situation of oversupply, and the price is under pressure. However, the recent rebound in coal prices provides some support, and the price may fluctuate at a low level [4] Summary by Directory - **Spot Price and Main Contract Basis**: On June 13, the price of East China oxygen - passing S15530 industrial silicon remained unchanged at 8,150 yuan/ton; the basis increased by 17.80% [4] - **Inter - month Spread**: The 2506 - 2507 spread decreased by 29480.00% to - 7345 yuan/ton; the 2507 - 2508 spread increased by 40.00% [4] - **Fundamental Data (Monthly)**: In May, the national industrial silicon output increased by 2.29% to 307,700 tons; the Xinjiang output decreased by 2.60% to 163,100 tons; the Yunnan output decreased by 25.43% to 10,000 tons; the Sichuan output increased by 109.47% to 23,700 tons; the Inner Mongolia output increased by 4.78% to 46,100 tons; the Ningxia output increased by 17.50% to 23,500 tons; the 97 - silicon output decreased by 60.00% to 4,800 tons; the recycled silicon output increased by 3.12% to 16,500 tons; the organic silicon DMC output increased by 6.48% to 184,000 tons; the polysilicon output increased by 0.73% to 96,100 tons; the recycled aluminum alloy output decreased by 0.66% to 606,000 tons; the industrial silicon export volume in April increased by 1.64% to 60,500 tons [4] - **Inventory Change**: The Xinjiang factory warehouse inventory decreased by 2.15% to 186,700 tons; the Yunnan factory warehouse inventory increased by 2.79% to 25,800 tons; the social inventory decreased by 2.56% to 572,000 tons; the warehouse inventory decreased by 0.77% to 289,600 tons; the non - warehouse inventory decreased by 4.32% to 282,400 tons [4] Group 4: Polysilicon Report Industry Investment Rating Not provided Core View Last week, the polysilicon price was under pressure due to increased supply and falling spot prices. Although the production of polysilicon and silicon wafers has increased this week, the growth rate of polysilicon production is greater, leading to inventory accumulation and price - falling pressure. Hold short positions cautiously and pay attention to the spread structure and polysilicon production. If the polysilicon production increases, it is beneficial for the arbitrage of buying industrial silicon and shorting polysilicon [5] Summary by Directory - **Spot Price and Basis**: On June 13, the average price of N - type re -投料 decreased by 1.39% to 35,500 yuan/ton; the N - type material basis (average price) decreased by 25.26% [5] - **Futures Prices and Inter - month Spreads**: The PS2506 contract price increased by 0.33% to 33,695; the PS2506 - PS2507 spread decreased by 22.38% [5] - **Fundamental Data (Weekly)**: The silicon wafer production increased by 0.46% to 13.1 GW; the polysilicon production increased by 8.18% to 23,800 tons [5] - **Fundamental Data (Monthly)**: In May, the polysilicon production increased by 0.73% to 96,100 tons; the polysilicon import volume in April decreased by 7.10% to 2,900 tons; the polysilicon export volume in April decreased by 10.40% to 2,000 tons; the polysilicon net export volume remained unchanged at - 900 tons; the silicon wafer production in May decreased by 0.50% to 58.06 GW; the silicon wafer import volume in April decreased by 32.03% to 600 tons; the silicon wafer export volume in April increased by 28.29% to 5,900 tons; the silicon wafer net export volume in April increased by 42.57% to 5,300 tons; the silicon wafer demand in May decreased by 8.10% to 60.61 GW [5] - **Inventory Change**: The polysilicon inventory increased by 2.23% to 275,000 tons; the silicon wafer inventory decreased by 3.40% to 19.34 GW [5]

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：020-88830760 E-Mail：zhaoliang@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 | IF2506 | 总持仓明显上升 | 国君多空头增仓超 3000 手 | | 上证 | 50 | IH2506 | 总持仓小幅上升 | 国君多空头增仓 1000 手以上 | | 中证 | 500 | IC2506 | 总持仓小幅上升 | 国君多空头均增仓 | | 中证 | 1000 | IM2506 | 总持仓明显上升 | 中信空头增仓超 3000 手 | 股指期货持仓日度变动简评 1,840.0 1,494.0 -2,695.0 -1,128.0 14,756.0 5,232.0 4,434.0 10,451.0 -4,000 -2,000 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 IF IH ...

器色系 投资咨询业务资格:证监许可 [2011] 1292号 | 品种/合约 | 现货价格 | 期货价格 | 基差 | 基差率 | 历史分位数 | 现货参考 | 留注 | 236 | 折算价:72硅铁合格块:内蒙-天津仓单 | 硅铁 (SF509) | 5428 | 4.55% | 85.20% | 5192 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 折算价:6517硅锰:内蒙-湖北仓单 | 硅罐(SM509) | 5690 | 214 | 5476 | 3.91% | 59.40% | 111 | HRB40020mm:上海 | 3080 | 2969 | 3.74% | 52.30% | 螺纹钢 (RB2510) | | | | | | Q235B: 4.75mm: 上海 | 3170 | 88 | 热卷 (HC2510) | 3082 | 2.86% | 52.80% | 52 | 755 | 7.33% | ...

Report Industry Investment Ratings No specific industry investment ratings are provided in the report. Core Viewpoints - The report provides operation suggestions for various futures contracts across different sectors, including stock index, treasury bond, precious metal, shipping, steel, energy, chemical, agricultural products, and new energy, based on their respective market conditions and trends [2][3][4]. Summary by Related Catalogs Stock Index - A-share market opened lower, oscillated, and showed differentiation, with finance and consumption sectors performing better. Index futures have stable lower support but face upward breakthrough pressure, and are affected by tariff negotiations and news in the short term. It is recommended to wait and see [2]. Treasury Bond - Treasury bond futures showed differentiated trends, with ultra-long bonds performing strongly. Attention should be paid to tax periods and cross - half - year liquidity. For the 10 - year bond, 1.6% is the downward resistance level. In the unilateral strategy, it is advisable to appropriately allocate long positions on dips, and in the cash - futures strategy, pay attention to the positive arbitrage strategy of TS2509 [2]. Precious Metal - Gold is in a short - term range - bound oscillation, with a possibility of hitting the $3400 mark. A double - selling strategy for gold options can be used to earn time value. Attention should be paid to the flow of speculative funds in silver, and long positions should temporarily exit [2]. Shipping - The main contract of the container shipping index (European line) is oscillating. It is considered to buy on dips or focus on the 12 - 10 reverse arbitrage opportunity [2]. Steel - Industrial material demand and inventory are deteriorating. For steel, unilateral operation should wait and see, and pay attention to the long - steel short - raw material arbitrage operation. Iron ore is in a range - bound oscillation, and attention should be paid to the marginal change in terminal demand [2]. Energy and Chemical - For crude oil, consider buying on dips for the main contract or focus on the 12 - 10 reverse arbitrage opportunity. For various chemical products, different operation suggestions are given according to their supply - demand and price trends, such as short - selling on rallies for some products and range - bound operation for others [2][3]. Agricultural Products - Different agricultural product futures have different trends. For example, sugar is recommended to be short - sold on rallies, and palm oil may test the 7800 support level [3]. New Energy - Polysilicon futures increased in positions and declined, and short positions should be held. Lithium carbonate futures are under pressure and are expected to run in the range of 56,000 - 62,000 [4].

免费声明 的信息均来源于被广发期货有限公司认为可靠的 公开资料,但广发期货对这些信息的准确性及完整性不作任何保证。本报告反映研 报告中的信息或 意见并不构成所述品种买卖的出价或询价. 投资者据此投资. 风险自担。本报告旨在发送给广发明货特定客户及其他专业人士 货所有. 未经广发期货书面授权. 任何人不得对本报告进行任何形式的发布、复制。如引用、刊发. 需注明出处为"广发明货 版权归) 知识图强,求实奉献, 客户至上, 合作共赢 V期现日报 投资次渝业务资格·证监许可 【2011】1292 2025年6月13日 林嘉施 Z0020770 | 价格及基差 | | | | | | | --- | --- | --- | --- | --- | --- | | | 现值 | 前值 | 日涨跌 | 日涨跌幅 | 单位 | | 304/2B (无锡宏旺2.0卷) | 12800 | 12800 | 0 | 0.00% | 元/吨 | | 304/2B (佛山宏旺2.0卷) | 12900 | 12900 | 0 | 0.00% | 元/吨 | | 期现价差 | 385 | 370 | ર્મદ | 4.05% | 元/吨 ...