集运指数 商品期货： 有色金属： 广发早知道-汇总版 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： 金融衍生品： 金融期货： 股指期货、国债期货 贵金属： 黄金、白银 橡胶、玻璃纯碱、工业硅、多晶硅 2025 年 5 月 9 日星期五 证监许可【2011】1292 号 组长联系信息： 铜、锌、镍、不锈钢、锡、碳酸锂 黑色金属： 钢材、铁矿石、焦煤、焦炭、铁合金 农产品： 油脂、粕类、玉米、生猪、白糖、棉花、鸡蛋、花生、红枣、苹果 能源化工： 原油、PTA、乙二醇、苯乙烯、短纤、尿素、瓶片、烧碱、PVC、LLDPE、 PP 特殊商品： 张晓珍（投资咨询资格：Z0003135） 电话：020- 88818009 邮箱：zhangxiaozhen@gf.com.cn 刘珂（投资咨询资格：Z0016336） 电话：020-88818026 邮箱：qhliuke@gf.com.cn 叶倩宁（投资咨询资格：Z0016628） 电话：020- 88818017 邮箱：yeqianning@gf.com.cn 周敏波（投资咨询资格：Z001 ...

| 硅铁(SF506) | 5472 | 92.70% | 折算价:72硅铁合格块:内蒙-天津仓单 | 5828 | 356 | 6.51% | 5790 | 5758 | 35 | 30.80% | 折算价:6517硅锰:内蒙-湖北仓单 | 硅罐(SM509) | 0.56% | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 螺纹钢 (RB2510) | 3200 | 148 | 4.85% | 62.90% | 3052 | HRB40020mm: 上海 | Q235B: 4.75mm: 上海 | ਦੇਰੇ | 热卷(HC2510) | 3250 | 3191 | 43.20% | 1.85% | | | | | | 铁矿石 (12509) | 781 | 88 | 折算价:62.5%巴混粉(BRBF):淡水河谷:日照港 | 694 | 63.90% | 12.68% | 22 | 1500 | 1478 | 55 ...

2025 | 股指期货价差日报 | 投资咨询业务资格:证监许可【2011】1292号 | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Z0016628 | 叶倩宁 | 2025年5月9日 | 品种 | 最新值 | 历史1年分位数 | 全历史分位数 | 价差 | 较前一日变化 | | | | | | | | | F期现价差 | -36.90 | 9.73 | 8.60% | 8.00%6 | 13.70% | -14.71 | 15,10% | H期现价差 | ਰੇ 59 | 期现价差 | | | | | | | -113,81 | 16.29 | 4.90% | IC期现价差 | 2.30% | 4.80% | IM期现价差 | -139.28 | 17.02 | 85.00% | 次月-当月 | -29.80 | 2.40 | 10.20% | 12.10% | | | 李月-崇月 | -90.40 ...

亚朗现日报 投资咨询业务资格:证监许可 [2011] 1292号 2025年5月9日 张晓珍 Z0003135 甲醇价格及价差 聚烯烃产业期现日报 投资咨询业务资格:证监许可【2011】1292号 2025年5月9日 张晓珍 数据来源:Wind、卓创、彭博、隆众、广发期货发展研究中心。请仔细阅读报告尼端免费声明。 免责声明 本报告中的信息均来源于被广发明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附属机构的立场。在任何情况下、报告内容仅供参考、报告中 的信息或所泰达的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期货特定客户及其 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"。 知识图强,求实奉献,客户至上,合作共赢 | 品种 | 5月8日 | 5月7日 | 涨跌 | 涨跌幅 | 单位 | | --- | --- | --- | --- | --- | --- | | M ...

Report Industry Investment Rating - Not provided Core Viewpoints - The report provides a daily tracking and analysis of the positions of four stock index futures: IF, IH, IC, and IM, including changes in total positions, positions of the main contracts, and important changes in the top 20 seats [1]. Summary by Relevant Catalogs IF (CSI 300) - **Total Position and Main Contract Position Changes**: On May 8, the total position of the IF variety increased by 5,914 lots, and the position of the main contract 2506 increased by 4,027 lots [5]. - **Top 20 Long Seats Position Changes**: Among the top 20 long seats of the IF variety, Guotai Junan Futures ranked first with a total position of 46,088 lots. The largest long - side increase was Guotai Junan Futures, with an intraday increase of 1,872 lots; the largest long - side decrease was Zheshang Futures, with an intraday decrease of 403 lots [6]. - **Top 20 Short Seats Position Changes**: Among the top 20 short seats of the IF variety, CITIC Futures ranked first with a total position of 50,770 lots. The largest short - side increase was Guotai Junan Futures, with an intraday increase of 1,359 lots; the largest short - side decrease was Huatai Futures, with an intraday decrease of 1,072 lots [8]. IH (SSE 50) - **Total Position and Main Contract Position Changes**: On May 8, the total position of the IH variety decreased by 284 lots, while the position of the main contract 2506 increased by 927 lots [11]. - **Top 20 Long Seats Position Changes**: Among the top 20 long seats of the IH variety, Guotai Junan Futures ranked first with a total position of 11,902 lots. The largest long - side increase was Huatai Futures, with an intraday increase of 481 lots; the largest long - side decrease was CITIC Futures, with an intraday decrease of 1,078 lots [12]. - **Top 20 Short Seats Position Changes**: Among the top 20 short seats of the IH variety, Guotai Junan Futures ranked first with a total position of 14,177 lots. The largest short - side increase was Guotai Junan Futures, with an intraday increase of 310 lots; the largest short - side decrease was CITIC Futures, with an intraday decrease of 849 lots [13]. IC (CSI 500) - **Total Position and Main Contract Position Changes**: On May 8, the total position of the IC variety decreased by 3,756 lots, and the position of the main contract 2506 decreased by 1,908 lots [18]. - **Top 20 Long Seats Position Changes**: Among the top 20 long seats of the IC variety, CITIC Futures ranked first with a total position of 34,168 lots. The largest long - side increase was CICC Futures, with an intraday increase of 298 lots; the largest long - side decrease was Haitong Futures, with an intraday decrease of 939 lots [19]. - **Top 20 Short Seats Position Changes**: Among the top 20 short seats of the IC variety, CITIC Futures ranked first with a total position of 37,670 lots. The largest short - side increase was GF Futures, with an intraday increase of 152 lots; the largest short - side decrease was CITIC Futures, with an intraday decrease of 1,288 lots [21]. IM (CSI 1000) - **Total Position and Main Contract Position Changes**: On May 8, the total position of the IM variety decreased significantly by 17,592 lots, and the position of the main contract 2506 decreased by 8,842 lots [24]. - **Top 20 Long Seats Position Changes**: Among the top 20 long seats of the IM variety, Guotai Junan Futures ranked first with a total position of 44,137 lots. The largest long - side increase was Ping An Futures, with an intraday increase of 199 lots; the largest long - side decrease was CITIC Futures, with an intraday decrease of 4,553 lots [25]. - **Top 20 Short Seats Position Changes**: Among the top 20 short seats of the IM variety, CITIC Futures ranked first with a total position of 60,317 lots. The largest short - side increase was Shenyin Wanguo Futures, with an intraday increase of 186 lots; the largest short - side decrease was CITIC Futures, with an intraday decrease of 4,873 lots [27].

Z0021810 寇帝斯 | 现货价格及基差 | | | | | | | --- | --- | --- | --- | --- | --- | | 品种 | 5月7日 | 5月6日 | 涨跌 | 涨跌幅 | 单位 | | 云南国营全乱胶(SCRWF):上海 | 14700 | 14700 | 0 | 0.00% | | | 全乳基差 (切换至2509合约) | -110 | -115 | 5 | 4.35% | 元/吨 | | 泰标混合胶报价 | 14400 | 14450 | -50 | -0.35% | | | 非标价差 | -410 | -365 | -45 | -12.33% | | | 杯胶：国际市场:FOB中间价 | રૂડે રેટ | 53.05 | 0.50 | 0.94% | 泰铢/公斤 | | 胶水：国际市场:FOB中间价 | 59.50 | 59.25 | 0.25 | 0.42% | | | 天然橡胶:胶块:西双版纳州 | 13000 | 13000 | 0 | 0.00% | | | 天然橡胶:胶水:西双版纳州 | 13700 | 13700 | 0 | 0.00% | 元/吨 ...

知识图强,求实奉献,客户至上,合作共赢 注册信心 | 产业链期现日报 | | | | | | | --- | --- | --- | --- | --- | --- | | 合同业务资格:证监存可 2011 1292号 問敏波 Z0015979 | 2025年5月8日 | | | | | | 价格及价差 | | | | | | | 现值 | | 前值 | 涨跌 | 涨跌幅 | 单位 | | SMM A00铝 | 19610 | 19850 | -240.0 | -1.21% | 元/吨 | | SMM A00铝升贴水 | -20 | -20 | 0.0 | / | 元/吨 | | 长江 铝A00 | 19610 | 19840 | -230.0 | -1.16% | 元/吨 | | 长江 铝A00 升贴水 | -20 | -30 | 10.0 | / | 元/吨 | | 氧化铝(山东)-平均价 | 2850 | 2850 | 0.0 | 0.00% | 元/吨 | | 氧化铝(河南)-平均价 | 2900 | 2900 | 0.0 | 0.00% | 元/吨 | | 氧化铝(山西)-平均价 | 2900 | ...

Report Industry Investment Ratings No specific industry investment ratings are provided in the report. Core Viewpoints - The State Council Information Office announced a package of financial support policies, including reserve requirement ratio cuts, interest rate cuts, and structural liquidity injections. Sino-US trade negotiations are expected to take place next week [2]. - The Federal Reserve's inaction implies stagflation risks, while there are hopes for Sino-US trade negotiations, leading to a correction in precious metals [2]. - EIA inventory data shows seasonal destocking, but the supply side still faces significant pressure [3]. Summary by Related Catalogs Stock Index Futures - Index futures opened higher due to the announced financial support policies. It is recommended to sell out-of-the-money put options to earn premiums or go long on the June IM contract at low prices and sell out-of-the-money call options with a strike price of 6300 for a covered strategy [2]. Treasury Bonds - Short-term long bonds face some profit-taking pressure and are expected to trade sideways, while short bonds may strengthen due to reserve requirement ratio cuts and interest rate cuts. It is recommended to go long after a correction and pay attention to the capital market trends. Positive arbitrage strategies for T, TF, and TS contracts can be considered, and a steepening strategy for the yield curve is also suggested [2]. Precious Metals - The Federal Reserve's inaction implies stagflation risks, and there are hopes for Sino-US trade negotiations, leading to a correction in precious metals. Silver faces resistance at previous highs, with prices fluctuating narrowly between $32 - $33.5 (¥8000 - ¥8350). It is recommended to be cautious in unilateral operations or sell relatively out-of-the-money call options at high prices [2]. Shipping Index - It is advisable to go long on the August contract or widen the spread between the August and June contracts. The market is in a sideways consolidation phase, and the reverse spread has widened. It is recommended to wait and see in unilateral operations [2]. Steel and Iron Ore - Hot metal production has significantly rebounded, and there have been macro-level reserve requirement ratio cuts and interest rate cuts. Hot metal production remains high, and port inventories continue to accumulate. The market is expected to trade in a range, with the reference range for iron ore being 700 - 745 [2]. Coke and Coking Coal - Coke spot demand is still supported, but coking coal is weak, and the second round of price increases has been blocked, shattering the price increase expectations. The market auction has weakened again, coal mine production has slightly increased, but inventories are at a high level, and there is still room for prices to fall [2]. Crude Oil - EIA inventory data shows seasonal destocking, but the supply side still faces significant pressure. The recommended trading range for SC is 450 - 510 [2][3]. Chemicals - Different chemical products have different market conditions and trading recommendations. For example, PX is expected to trade in a range of 6000 - 6400, and it is recommended to widen the PX - SC spread at low levels; PTA is expected to trade in a range of 4200 - 4500, and short - term positive arbitrage and medium - term reverse arbitrage strategies can be considered [2]. Agricultural Products - Different agricultural products have different market conditions and trading recommendations. For example, soybean meal is expected to find support around 2900, and it is recommended to pay attention to the widening of the soybean - palm oil spread [2]. Special Commodities - Soda ash is facing significant supply pressure, and the market is expected to continue to weaken. It is recommended to adopt a strategy of shorting on rebounds. Glass is expected to trade in a range of 1000 - 1100 [2]. New Energy - Polysilicon futures have broken through support levels, and attention should be paid to the impact of excessive price drops on corporate production willingness. Lithium carbonate is dominated by short positions, and the market is expected to decline further, with the main contract expected to trade between 63,000 - 68,000 [2].

然橡胶产业期现日报 投资咨询业务资格:证监许可【2011】1292号 2025年5月8日 Z0021810 寇帝斯 | 现货价格及基差 | | | | | | | --- | --- | --- | --- | --- | --- | | 品种 | 5月7日 | 5月6日 | 涨跌 | 涨跌幅 | 单位 | | 云南国营全乱胶(SCRWF):上海 | 14700 | 14700 | 0 | 0.00% | | | 全乳基差 (切换至2509合约) | -110 | -115 | 5 | 4.35% | 元/吨 | | 泰标混合胶报价 | 14400 | 14450 | -50 | -0.35% | | | 非标价差 | -410 | -365 | -45 | -12.33% | | | 杯胶：国际市场:FOB中间价 | રૂડે રેટ | 53.05 | 0.50 | 0.94% | 泰铢/公斤 | | 胶水：国际市场:FOB中间价 | 59.50 | 59.25 | 0.25 | 0.42% | | | 天然橡胶:胶块:西双版纳州 | 13000 | 13000 | 0 | 0.00% | | | 天然橡 ...