| 钢材产业期现日报 | | | | | | | --- | --- | --- | --- | --- | --- | | 投资咨询业务资格:证监许可 [2011] 1292号 2025年5月16日 | | | 問敏波 | Z0010559 | | | 钢材价格及价差 | | | | | | | 品种 | 机信 | 前值 | 张跃 | 某差 | 单位 | | 螺纹钢现货(华东) | 3240 | 3250 | -10 | 90 | | | 螺纹钢现货(华北) | 3230 | 3220 | 10 | 80 | | | 螺纹钢现货(华南) | 3370 | 3360 | 10 | 220 | | | 螺纹钢05合约 | 3075 | 3060 | 15 | 165 | | | 螺纹钢10合约 | 3118 | 3127 | -d | 122 | | | 螺纹钢01合约 | 3150 | 3155 | -5 | 90 | | | 热卷现货(华东) | 3300 | 3320 | -20 | 28 | 元/吨 | | 热卷现货(华北) | 3230 | 3230 | O | -42 | | | 热卷现货(华南) ...

| 产业期现日报 | | | | | | | --- | --- | --- | --- | --- | --- | | 投资咨询业务资格:证监许可 【2011】1292号 2025年5月16日 | | | | 林嘉施 | Z0020770 | | 价格及基差 | | | | | | | | 现值 | 前值 | 日 涨跌 | 日涨跌幅 | 单位 | | SMM 1#电解镍 | 126325 | 126075 | 250 | 0.20% | 元/吨 | | 1#金川镇 | 127325 | 127075 | 250 | 0.20% | 元/吨 | | 1#金川镍升贴水 | 2100 | 2150 | -50 | -2.33% | 元/吨 | | 1#进口镇 | 125375 | 125125 | 250 | 0.20% | 元/吨 | | 1#进口镇升贴水 | 150 | 200 | -50 | | 元/吨 | | LME 0-3 | -196 | -194 | -2 | 0.99% | 美元/吨 | | 期货进口盈亏 | -4142 | -3657 | -485 | 13.26% | 元/肥 | | 沪伦比值 ...

原木期货日报 证监许可 【2011】1292号 2025年5月16日 曹剑兰 Z00J9556 | 期货和现货价格 | | | | | | | --- | --- | --- | --- | --- | --- | | 品种 | 5月15日 | 5 14日 | 张跌 | 涨跌幅 | 单位 | | 原木2507 | 788.0 | 794.0 | -6.0 | -0.76% | | | 原木2509 | 798.0 | 804.5 | -6.5 | -0.81% | | | 原木2511 | 801.5 | 809.5 | -8.0 | -0.99% | | | 7-9价差 | -10.0 | -10.5 | 0.5 | | | | 9-11价差 | -3.5 | -5.0 | 1.5 | | | | 7-11价差 | -13.5 | -15.5 | 2.0 | | | | 07合约基差 | -28.0 | -34.0 | 6.0 | | | | 09合约基差 | -38.0 | -44.5 | 6.5 | | | | 11合约基差 | -41.5 | -49.5 | 8.0 | | 元/立方米 | | 日照港 ...

| 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5月16日 | | | | 叶倩宁 | Z0016628 | | 价差 | 品种 | 最新值 | 较削一日变化 | 历史1年分位数 | 全历史分位数 | | | F期现价差 | -34.40 | 1.41 | 11.00% | 9.40% | | 期现价差 | H期现价差 | -17.30 | -1.11 | 15.90% | 10.80% | | | IC期现价差 | -92.30 | 9.02 | 6.90% | 4.10% | | | IM期现价差 | -108.04 | 9.33 | 90.00% | 7.00% | | | 次月-当月 | -35.40 | 0.20 | 2.40% | 9.20% | | | 委員-景月 | -100.00 | 1.60 | 1.20% | 7.10% | | | 远月-当月 | -137.00 | 2.60 | 1.20% | 9.70% | | F跨期 ...

舞注明中外为"广发明密" | 油脂产业期现日报 | | | | --- | --- | --- | | 投资咨询业务资格:证监许可 【2011】1292号 壬泽辉 Z0019938 2025年5月16日 | | | | 更油 | | | | 2月15日 5月14日 涨跌 涨跌幅 | | | | 现价 江苏一级 8290 8360 -70 -0.84% | | | | 期价 Y2509 7950 8030 -80 -1.00% | | | | 甚差 Y2509 330 340 10 3.03% | | | | 现货墓差报价 江苏5月 09+380 09+400 -20 - | | | | 仓单 10870 10870 O 0.00% | | | | 棕榈油 | | | | 2月15日 5月14日 张跃 张跃幅 | | | | 现价 广东24度 8600 8800 -200 -2.27% 期价 P2509 8340 8450 -110 -1.30% | | | | 基差 P2509 260 350 -90 -25.71% | | | | 现货墓差报价 09+700 09+700 0 - | 广东5月 | | | ...

| 玻璃纯碱期现日报 | | | --- | --- | | 投资咨询业务资格:证监许可 [2011] 1292号 | 蒋诗语 Z00170002 2025年5月16日 | | 玻璃相关价格及价差 | | | 品种 | 现值 涨跌幅 单位 前值 狱跌 | | 华北报价 | 1210 1210 0 0.00% | | 华东报价 | 1340 1340 0 0.00% | | 华中报价 | 1150 1140 -10 -0.87% | | 华南报价 | 1320 1320 0 0.00% アレ/『モ | | 玻璃2505 | 1029 1042 -13 -1.25% | | 玻璃2509 | 1036 1046 -10 -0.96% | | 05基差 | 181 168 13 7.74% | | 纯碱相关价格及价差 | | | 品种 | 现值 前值 张跃 张跃幅 单位 | | 华北报价 | 1500 1500 0.0 0.00% | | 华东报价 | 1450 1450 0.0 0.00% | | 华中报价 | 1400 1400 0.0 0.00% | | 西北报价 | 1120 1100 20.0 1.82% ...

立期现日报 投资咨询业务资格:证监许可【2011】12925 2025年5月16日 我就必 Z0019144 | PVC、烧碱现货&期货 | | | --- | --- | | 品种 | 5月15日 | | 山东32%液碱折百价 | 2593.8 | | 山东50%液碱折百价 | 2760.0 | | 华东电石法PVC市场价 | 4880.0 | | 华东乙烯法PVC市场价 | 5100.0 | | SH2505 | 2535.0 | | SH2509 | 2567.0 | | SH基差 | 58.8 | | CHOCAL SEDO | 000 | | SH星差 | 58.8 | 224.8 | -166.0 | -73.9% | | --- | --- | --- | --- | --- | | SH2505-2509 | -32.0 | -161.0 | 129.0 | 80.1% | | V2505 | 4899.0 | 4860.0 | 39.0 | 0.8% | | V2509 | 5041.0 | 4986.0 | 55.0 | 1.1% | | V基差 | -19.0 | -80.0 | 61. ...

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 目录： 股指期货： 电 话：020-88830760 E-Mail：zhaoliang@gf.com.cn 本报告中所有观点仅供参考，请务必阅读正文之后的免责声明。 2025 年 5 月 16 日星期五 证监许可【2011】1292 号 联系信息： 叶倩宁（投资咨询资格：Z0016628） 电话：020-88818051 邮箱：yeqianning@gf.com.cn 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 | 总持仓大幅下降 | 国君多空头均大幅减仓 5000 手以 上 | | 上证 | 50 | IH2506 | 总持仓大幅下降 | 中信多空头均减仓 2500 手以上 | | 中证 | 500 | IC2506 | 总持仓下降 | 国泰君安多空头减仓 3000 手以上 | | 中证 | 1000 | IM2506 | 总持仓大幅下降 | 中信多空头均大幅减仓 8000 手以 上 | 股指期 ...

Report Industry Investment Rating - No information provided in the given reports. Core Viewpoints - No explicit core viewpoints are presented in the reports. The reports mainly provide data on various financial products such as futures spreads, prices, and related indicators. Summary by Related Catalogs 1. Stock Index Futures Spread Daily Report - **IF期现价差 & 跨期价差**: The IF spot - futures spread is -35.81, up 45 from the previous day, with a 1 - year historical quantile of 10.20% and an all - time quantile of 8.60%. For IF inter - period spreads, e.g., the spread between the next - month and current - month contracts is -35.60, up 5.40, with a 1 - year quantile of 2.00% and an all - time quantile of 9.10% [1]. - **IH期现价差 & 跨期价差**: The IH spot - futures spread is -16.18, up 3.67, with a 1 - year quantile of 15.90% and an all - time quantile of 11.90%. The spread between the next - month and current - month contracts of IH is -18.40, up 2.00, with a 1 - year quantile of 11.00% and an all - time quantile of 11.80% [1]. - **IC期现价差 & 跨期价差**: The IC spot - futures spread is -101.32, up 25.75, with a 1 - year quantile of 6.50% and an all - time quantile of 3.20%. The spread between the next - month and current - month contracts of IC is -102.20, up 10.40, with a 1 - year quantile of 0.80% and an all - time quantile of 2.30% [1]. - **IM期现价差 & 跨期价差**: The IM spot - futures spread is -117.37, up 37.04, with a 1 - year quantile of 90.00% and an all - time quantile of 6.00%. The spread between the next - month and current - month contracts of IM is -113.60, up 16.60, with a 1 - year quantile of 15.00% and an all - time quantile of 0.70% [1]. - **跨品种比值**: Ratios like CSI 500/HS300 is 1.4707, down 0.0132, with a 1 - year quantile of 45.00% and an all - time quantile of 36.10%. IC/IF is 1.4582, down 0.0101, with a 1 - year quantile of 40.50% and an all - time quantile of 48.90% [1]. 2. Treasury Bond Futures Spread Daily Report - **基差**: TS basis is 1.3819, down 0.0297, with an all - time quantile of 16.00%. TF basis is 1.1686, up 0.1050, with an all - time quantile of 41.60%. T basis is -0.0631, up 0.2955, with an all - time quantile of 3.60% [5]. - **跨期价差**: For TS inter - period spreads, the spread between the current - quarter and next - quarter contracts is -0.1280, up 0.0420, with an all - time quantile of 6.80%. For TF, the spread between the current - quarter and next - quarter contracts is -0.2700, up 0.0400, with an all - time quantile of 10.20% [5]. - **跨品种价差**: TS - TF is 0.0910, up 0.0470, with an all - time quantile of 4.70%. TS - T is -6.2430, up 0.1260, with an all - time quantile of 4.00% [5]. 3. Precious Metals Spot - Futures Daily Report - **国内期货收盘价**: The closing price of the AU2506 contract is 761.72, down 5.96, with a decline rate of -0.78%. The AG2506 contract is 8195, down 24, with a decline rate of -0.29% [8]. - **外盘期货收盘价**: The closing price of the COMEX gold main contract is 3180.70, down 73.80, with a decline rate of -2.27%. The COMEX silver main contract is 32.39, down 0.70, with a decline rate of -2.12% [8]. - **现货价格**: London gold is 3176.58, down 72.90, with a decline rate of -2.24%. London silver is 32.20, down 0.69, with a decline rate of -2.10% [8]. - **基差**: The basis of gold TD - Shanghai gold main contract is -3.12, up 1.16, with a 1 - year quantile of 21.20%. The basis of silver TD - Shanghai silver main contract is -23, down 18, with a 1 - year quantile of 43.70% [8]. - **比价**: COMEX gold/silver is 98.20, down 0.15, with a decline rate of -0.16%. SHFE gold/silver is 92.95, down 0.45, with a decline rate of -0.49% [8]. - **利率与汇率**: The 10 - year US Treasury yield is 4.49, up 0.04, with an increase rate of 0.9%. The US dollar index is 101.07, up 0.08, with an increase rate of 0.08% [8]. - **库存与持仓**: The SHFE gold inventory is 17238, unchanged. The SHFE silver inventory is 919463, down 12721, with a decline rate of -1.36% [8]. 4. Container Shipping Industry Spot - Futures Daily Report - **现货报价**: MAERSK's Shanghai - Europe 6 - week future freight rate is 1547, down 4, with a decline rate of -0.26%. CMA CGM's is 2534, up 107, with an increase rate of 4.41% [9]. - **集运指数**: The settlement price index of SCFIS (European route) is 1302.62, down 76.5, with a decline rate of -5.54%. SCFIS (US West route) is 1455.31, up 134.6, with an increase rate of 10.19% [9]. - **期货价格及基差**: The price of EC2602 is 1518.3, up 103.8, with an increase rate of 7.34%. The basis of the main contract (EC2506) is -423.4, down 337.3, with a change rate of 391.56% [9]. - **基本面数据**: Global container shipping capacity supply is 3223.63 million TEU, up 1.12 million TEU, with an increase rate of 0.03%. Shanghai port's on - time rate is 29.02, down 4.41, with a decline rate of -13.19% [9]. 5. Trading Calendar - **海外数据/资讯**: Eurozone's Q1 GDP annual revised rate, seasonally - adjusted employment quarterly final rate, and other economic indicators are to be released at specific times. The US Initial Jobless Claims for the week ending May 10th and other data are also scheduled [11]. - **国内数据/资讯**: There are 1250 billion yuan of 1 - year MLF and 1586 billion yuan of 7 - day reverse repurchases due today. Shandong local refinery capacity utilization rate and other industry - related data are to be released at different times [11].

1. Report Industry Investment Ratings No relevant content provided. 2. Core Views of the Report - The A-share market is rising steadily with the support of weighted stocks, and different trading strategies are recommended for various futures contracts in different sectors such as stock index, treasury bond, precious metal, shipping, steel, and others based on their market conditions [2]. 3. Summary by Related Catalogs Stock Index Futures - IF2506: The support below the index is stable. One can sell out-of-the-money put options to earn premiums or go long on the September IM contract at low prices and sell out-of-the-money call options with a strike price of 6400 on the September IM contract for a covered call strategy [2]. - IH2506: Weighted stocks are rising, driving the A-share market up [2]. - IC2506 and IM2506: Similar to IF2506, relevant option strategies are recommended [2]. Treasury Bond Futures - T2506, TF2506, TS2506: Short - term treasury bond futures may be in a volatile state. Unilateral strategies suggest waiting and seeing, focusing on the capital market and economic data. Curve strategies recommend a steepening trade. Attention should be paid to the challenges brought by the significant increase in government bond supply this week to the capital market and whether the capital market can remain loose, as well as the quality of high - frequency economic data [2]. Precious Metal Futures - AU2508: Gold is under short - term pressure, with support around $3200 (745 yuan). One can continue to hold the sold out - of - the - money gold call options with a strike price above 800. - AG2506: Silver prices are fluctuating narrowly in the range of $32 - 33.5 (8000 - 8350 yuan). An option straddle strategy can be tried [2]. Shipping Futures - EC2506 (European Line): The spot price has increased, and the main contract on the futures market has reached the daily limit. One can consider going long on the August contract or conducting positive spreads between August - October and June - October [2]. Steel Futures - RB2510: The spot market is stabilizing, and there are macro - level benefits. Unilateral operations should wait and see for now. For arbitrage, one can focus on the operation of going long on hot - rolled coils and short on raw materials [2]. Iron Ore Futures - I2509: The number of blast furnace overhauls has increased, and pig iron production may peak. It is in a range - bound state, with the range referring to 700 - 745 [2]. Coke and Coking Coal Futures - J2505: Mainstream steel mills have proposed to lower the coke price. Coke prices have entered a new round of price cuts. A strategy of going long on hot - rolled coils and short on coke is recommended [2]. - JM2505: The market auction has weakened again. Although coal mine production has increased slightly, the high inventory still has the possibility of decline, and coal prices may enter the bottom - hunting stage. A strategy of going long on hot - rolled coils and short on coking coal is recommended [2]. Ferrosilicon Futures - SF2507: It has rebounded from the bottom, with the upper resistance level temporarily referring to 5800 [2]. Non - Ferrous Metal Futures - CU2506: U.S. inflation has slowed down more than expected, and copper prices have strengthened slightly. The main contract reference range is 77500 - 79500 [2]. - ZN2506: Tariffs are easing, and mine - end disturbances are boosting prices, but spot trading is average. The main contract reference range is 21500 - 23500 [2]. - NI2506: The market sentiment has improved, and the futures price is strong, but there are still supply - demand contradictions in the fundamentals. The main contract reference range is 122000 - 128000 [2]. - SS2506: The market sentiment is strong, but there are still supply - demand contradictions. The main contract reference range is 12600 - 13200 [2]. - SM2506: The Sino - U.S. tariff conflict has eased, and the macro - sentiment has improved, driving the tin price to rebound. One can try short - selling in the range of 265000 - 270000 [2]. Energy and Chemical Futures - SC2507: The unexpected increase in U.S. commercial crude oil inventories has suppressed the rebound of oil prices. Unilateral operations should wait and see. For options, one can capture opportunities for increased volatility during the range - bound period, and it is recommended to go long on volatility [2]. - UR2509: Inventory has decreased, but market trading sentiment has cooled down, and the center of the futures price has moved down. The reference range is around 1850 - 1950. For options, it is recommended to buy to expand volatility in the short term [2]. - PX2509: Supply - demand drivers are strong, but oil price support is limited, and further price increases are difficult. There is short - term callback pressure, but the drivers are still strong, and it should be treated as a high - level range - bound market. The PX9 - 1 positive spread should be exited, and attention should be paid to reverse spread opportunities [2]. - TA2509: Similar to PX2509, there is short - term callback pressure, but supply - demand drivers are still strong, and it should be treated as a high - level range - bound market. The TA9 - 1 positive spread should be exited, and attention should be paid to reverse spread opportunities. PTA should be overweighted in the industrial chain [2]. - PF2506: Short - term drivers are weak, and the price follows the raw materials. The unilateral strategy is the same as that of PTA. The processing margin on the futures market is low, but there is no short - term recovery driver [2]. - PR2506: Supply and demand are both increasing, and short - term supply - demand contradictions are not prominent. The absolute price follows the cost. The unilateral strategy is the same as that of PTA. The processing margin on the main futures contract is expected to fluctuate in the range of 350 - 550 yuan/ton, and attention should be paid to the opportunity to expand the margin at the lower end of the range [2]. - EG2509: A large ethylene glycol plant has shut down temporarily, and polyester production is at a high level. There is strong support below the price. One can sell put option EG2509 - P - 4250 and conduct a positive spread on EG9 - 1 at low prices [2]. - EB2506: Low inventory provides flexibility. Macro - level benefits and spot support have driven the futures price to rebound significantly. It may still be strong in the short term, and participation should be cautious [2]. - 6055HS (Caustic Soda): The spot market is strong. Attention should be paid to the inventory changes of caustic soda plants. It is recommended to mainly participate in short - selling at high levels, and pay attention to the resistance around 2550 for near - month contracts [2]. - V2509 (PVC): Tariffs have released positive signals. In the short term, there are no further supply - demand contradictions, and the futures price has rebounded. One should wait and see for now and mainly participate in short - selling at high levels in the medium term [2]. - BR2506 (Synthetic Rubber): A butadiene plant has shut down temporarily, and BR has continued to rise significantly. A positive spread between BR2507 and BR2509 is recommended at low prices [2]. - LLDPE2509: Market sentiment is high, and overall trading is good. It is in a volatile state [2]. - PP2509: Tariffs have eased more than expected. Attention should be paid to the subsequent restocking of downstream enterprises. It is in a volatile state [2]. Agricultural Product Futures - M2509: Attention should be paid to the performance around 2900 [2]. - RM509: The May supply - demand balance sheet is favorable, and U.S. soybeans are strengthening [2]. - FH2509: Attention should be paid to the slaughter performance of fattened pigs. The weight - reduction space of large - scale pig farms is limited. The price is expected to fluctuate in the range of 13800 - 14500 [2]. - C2507: The spot price is temporarily stable, and the corn price is in an oscillating adjustment. Attention should be paid to the support around 2330 [2]. - P2509/Y2509/01509: The U.S. plans to extend the 45Z policy, which is beneficial to the industrial demand for U.S. soybean oil. P2509 is expected to rebound to 8300 [2]. - SR2509: The data from late April in Brazil is favorable. One can either wait and see or conduct short - selling on rebounds [2]. - CF2509: The Sino - U.S. trade war has eased. Attention should be paid to the pressure around 13500 - 13700 [2]. - JD2506: The spot price is oscillating at a low level. Short positions in the June and July contracts should be closed at low prices, and it is recommended to wait and see unilaterally [2]. - AP2510: There is a sentiment of holding back high - quality apples to support prices. The main contract is trading around 7700 [2]. - CJ2509: The spot price has changed little, and the jujube price is oscillating at a low level. It is expected to trade around 9000 in the short term [2]. - PK2510: The market price is oscillating steadily. The main contract is trading around 8200 [2]. - SA2509: There are many maintenance expectations from May to June. One can consider participating in positive spreads between the 6th and 9th or 7th and 9th contracts [2]. Special Commodity Futures - FG2509: Production and sales are strong, but market sentiment is pessimistic, and the futures price is fluctuating. One should observe whether the 09 contract can break through the 1000 - point level [2]. - RU2509: The Sino - U.S. tariff conflict has eased, and the macro - sentiment has improved, boosting the rubber price. The operating range refers to 14500 - 15500. One can try short - selling at the upper end of the range [2]. - Si2506: The spot price of industrial silicon has stabilized, and the futures price has strengthened due to short - covering. It is at the bottom, and one can gradually pay attention to small - scale long - buying opportunities [2]. - PS2506: It continues the trend of being weak in the near - term and strong in the long - term, rising in an oscillating manner. Long positions can be held, and attention should be paid to whether the price structure will change to contango [2]. - LC2507: The futures price has increased significantly, but the fundamental weakness remains unchanged. The main contract is expected to trade in the range of 62,000 - 66,000 [2].