Report Industry Investment Rating - No relevant content provided Core Viewpoints - Crude oil prices declined, weakening cost support for PTA. PTA supply was sufficient, downstream polyester filament sales were 42.67%, and the market lacked confidence, leading to a decline in PTA prices and a weakening basis [2]. - The price of ethylene glycol (MEG) rebounded slightly, and the spot market price followed suit with a slight increase, while the basis negotiation continued to strengthen [2]. - OPEC+ will consider increasing oil production again at Sunday's meeting. The spread between PX and naphtha has expanded, and the weakness of benzene prices has inhibited the further increase of PX production to some extent. The spread between PX and MX has rebounded, the downstream load of polyester has remained at around 88%, domestic PTA plants have gradually returned, and domestic PTA production has increased [2]. - South Korea's naphtha cracking unit plans to cut production, and olefin varieties have risen significantly. The price of ethylene glycol has rebounded, and the maintenance of overseas ethylene glycol plants, especially Saudi Arabian plants, has been continuously postponed, which may have a significant impact on the market outlook. This has also continuously boosted the price of ethylene glycol. The later arrival volume of ethylene glycol has decreased. The polyester inventory is in good condition, and the downstream weaving load has increased [2]. Summary by Related Catalogs Market Quotes - **PTA**: On September 4, 2025, the INE crude oil price was 481.0 yuan/barrel, a decrease of 12.20 yuan from the previous day; the PTA - SC was 1160.5 yuan/ton, an increase of 12.66 yuan; the PTA/SC ratio was 1.3320, an increase of 0.0117; the PTA主力期价 was 4656 yuan/ton, a decrease of 76.0 yuan; the PTA spot price remained unchanged at 4705 yuan; the spot processing fee was 88.1 yuan/ton, a decrease of 71.4 yuan; the disk processing fee was 134.1 yuan/ton, a decrease of 72.4 yuan; the main basis was (57), a decrease of 6.0; the PTA warehouse receipt quantity remained unchanged at 29742 [2]. - **MEG**: On September 4, 2025, the MEG主力期价 was 4357 yuan/ton, an increase of 26.0 yuan; the MEG - naphtha was (112.24) yuan/ton, an increase of 5.8 yuan; the MEG domestic price remained unchanged at 4435 yuan; the main basis was 88, an increase of 4.0 [2]. Industrial Chain Start - up Situation - On September 4, 2025, the PX start - up rate was 82.59%, unchanged; the PTA start - up rate was 74.26%, unchanged; the MEG start - up rate was 60.68%, a decrease of 1.09%; the polyester load was 88.16%, an increase of 0.17% [2]. Polyester Product Situation - **Polyester Filament**: The prices of POY150D/48F, FDY150D/96F, and DTY150D/48F remained unchanged at 6860 yuan, 7130 yuan, and 8035 yuan respectively on September 4, 2025. The cash flows of POY, FDY, and DTY also remained unchanged at 101 yuan, (129) yuan, and 76 yuan respectively. The sales rate of polyester filament was 43%, a decrease of 7% [2]. - **Polyester Staple Fiber**: The price of 1.4D direct - spun polyester staple fiber remained unchanged at 6575 yuan on September 4, 2025. The cash flow of polyester staple fiber remained unchanged at 166 yuan, and the sales rate was 39%, a decrease of 2% [2]. - **Polyester Chip**: The price of semi - glossy chips remained unchanged at 5795 yuan on September 4, 2025. The cash flow of chips remained unchanged at (64) yuan, and the sales rate was 49%, an increase of 3% [2]. Device Maintenance Dynamics - A 2.5 - million - ton PTA device in South China started maintenance on September 4, 2025, and another 2.5 - million - ton device is expected to stop for maintenance around August 23, with an expected maintenance time of more than one month [2].

Report Summary 1. Industry Investment Rating - No industry investment rating is provided in the report. 2. Core View - Due to the previous resource - end disturbances, production scheduling has increased slightly. On the demand side, as new energy vehicles are in the off - season, the increase in production scheduling of cathode factories is limited. In terms of inventory, social inventory fluctuates at a high level, showing a pattern of inventory moving from upstream to downstream, but the actual consumption is not large, and downstream companies have stocked up a large amount of raw materials, weakening their subsequent purchasing power. It is expected that the supply - demand will be in a tight balance in September. Overall, although the supply - demand is in a tight balance, downstream companies have sufficient inventory and the terminal market is in the off - season, so the futures price is expected to fluctuate weakly. During this process, be vigilant about small rumors from the mining end before the 30th [2]. 3. Summary by Relevant Content Lithium Compound Prices - The average price of SMM battery - grade lithium carbonate is 75,000 yuan/ton, down 900 yuan/ton; the average price of SMM industrial - grade lithium carbonate is 72,700 yuan/ton, down 900 yuan/ton [1]. Lithium Ore Prices - The average price of lithium spodumene concentrate (CIF China) is 874 yuan/ton, up 2 yuan/ton [1]. Futures Contract Prices - The closing price of lithium carbonate 2509 is 73,000 yuan/ton, with a decline of 0.27%; the closing price of lithium carbonate 2510 is 73,340 yuan/ton, with an increase of 0.88%; the closing price of lithium carbonate 2511 is 73,420 yuan/ton, with an increase of 1.05%; the closing price of lithium carbonate 2512 is 73,580 yuan/ton, with an increase of 1.1%; the closing price of lithium carbonate 2601 is 73,560 yuan/ton, with an increase of 1.16% [1]. Positive Electrode Material Prices - The price of lithium iron phosphate (power - type) is 33,995 yuan/ton, down 215 yuan/ton; the price of ternary material 523 (single - crystal/power - type) is 118,700 yuan/ton, down 100 yuan/ton; the price of ternary material 613 (single - crystal/power - type) is 123,625 yuan/ton, down 100 yuan/ton [2]. Price Differences - The difference between battery - grade and industrial - grade lithium carbonate is 2,300 yuan/ton; the difference between battery - grade lithium carbonate and the main contract is 1,580 yuan/ton, down 2,440 yuan/ton; the difference between the near - month and the first - continuous contract is - 80 yuan/ton, down 60 yuan/ton; the difference between the near - month and the second - continuous contract is - 240 yuan/ton, down 100 yuan/ton [2]. Inventory - The total weekly inventory is 140,092 tons, down 1,044 tons; the weekly inventory of smelters is 39,475 tons, down 3,861 tons; the weekly inventory of downstream is 55,207 tons, up 2,407 tons; the weekly inventory of others is 45,410 tons, up 410 tons; the daily registered warehouse receipts are 830 tons [2]. Profit Estimation - The cash cost of purchasing lithium spodumene concentrate externally is 75,475 yuan/ton, and the profit is - 1,567 yuan/ton; the cash cost of purchasing lithium mica concentrate externally is not clearly given, and the profit is - 6,991 yuan/ton [2].

Report Summary 1. Report Industry Investment Rating - No information provided on the industry investment rating [3][4] 2. Core Viewpoints - If Brazil's sugar production exceeds expectations or India relaxes sugar exports, raw sugar prices may test previous lows [4] - During the new sugar - cane crushing season transition period, with diversified supply and intensified competition between processed sugar and domestic sugar, the sugar market is expected to remain range - bound, but risks of declining import costs and unmet demand expectations should be watched [4] 3. Summary by Related Catalog Domestic Sugar Spot Prices - In Guangxi Nanning warehouse, the spot price per ton of sugar is 5980 yuan, down 10 yuan, with a basis of 416 yuan against SR09 and a basis change of 16 yuan [4] - In Yunnan Kunming, the spot price is 5845 yuan, down 5 yuan, with a basis of 381 yuan against SR09 and a basis change of 21 yuan [4] - In Yunnan Dali, the spot price is 5710 yuan, down 10 yuan, with a basis of 286 yuan against SR09 and a basis change of 16 yuan [4] - In Shandong Rizhao, the spot price is 6030 yuan, down 20 yuan, with a basis of 366 yuan against SR09 and a basis change of 6 yuan [4] Domestic Sugar Futures Prices - SR09 futures price is 5564 yuan, down 26 yuan, and the spread between SR09 and SR01 is 31 yuan, up 3 yuan [4] - SR01 futures price is 5533 yuan, down 29 yuan [4] International Exchange Rates and Commodity Prices - The exchange rate of the Brazilian real to the Chinese yuan is 1.2818, up 0.0212; the exchange rate of the Indian rupee to the Chinese yuan is 0.084, down 0.0004 [4] - The price of ICE raw sugar futures is 16.05, unchanged; the price of London white sugar futures is 573, up 3; the price of Brent crude oil futures is 67.39, unchanged [4]

Report Information - Report Title: Stock Index Option Data Daily Report [2] - Date: September 4, 2025 [3] - Researcher: Li Zeju from the Financial Derivatives Center of Guomao Futures Research Institute [3] - Data Sources: Wind, Guomao Futures Research Institute [3] Market Overview - **Index Performance**: The Shanghai Composite Index dropped 1.16% to 3,813.56 points, the Shenzhen Component Index fell 0.65%, the ChiNext Index rose 0.95%, the North Securities 50 Index declined 1.49%, the Science and Technology Innovation 50 Index decreased 1.64%, the Wind All - A Index dropped 1.19%, the Wind A500 Index fell 0.73%, and the CSI A500 Index declined 0.65%. A - share trading volume was 2.4 trillion yuan, compared with 2.91 trillion yuan the previous day [5]. - **Specific Index Data**: - The Shanghai Stock Exchange 50 Index closed at 1,610.65, down 1.07%, with a turnover of 296.0993 billion yuan and a trading volume of 63.72 billion [3]. - The CSI 300 Index closed at 6,556.97, down 0.68%, with a turnover of 254.32 billion yuan and a trading volume of 72.068758 billion [3]. - The CSI 1000 Index closed at 4,866.67, down 1.46%, with a turnover of 290.29 billion yuan [3]. CFFEX Stock Index Option Trading - **Option Volume and Open Interest**: - For the SSE 50 Index, the call option volume was 7.32 million, the put option volume was 3.70 million, the call option open interest was 5.71 million, and the put option open interest was 4.64 million. The volume PCR was 0.58, and the open - interest PCR was 0.65 [3]. - For the CSI 300 Index, the call option volume was 18.20 million, the put option volume was 11.50 million, the call option open interest was 22.69 million, and the put option open interest was 12.41 million. The volume PCR was 0.58, and the open - interest PCR was 0.83 [3]. - For the CSI 1000 Index, the call option volume was 37.86 million, the put option volume was 20.58 million, the call option open interest was 17.51 million, and the put option open interest was 16.83 million. The volume PCR was 0.84, and the open - interest PCR was 0.96 [3]. Volatility Analysis - **Historical Volatility and Volatility Cone**: The report presents historical volatility and volatility cones for the SSE 50, CSI 300, and CSI 1000 Indexes, including 10%, 30%, 60%, 90% quantile values, minimum, maximum, and current values [3][4]. - **Volatility Smile Curve**: Volatility smile curves and next - month at - the - money implied volatility are provided for the SSE 50, CSI 300, and CSI 1000 Indexes [3][4].

1. Report Industry Investment Ratings - **Bullish**: Gold [1] - **Bearish**: Iron Ore, Ferrous Metals, Steel, Coke, Anthracite, Cotton (Long - term), Sugar, Rapeseed Oil (Cautious), Hogs [1] - **Sideways**: Stock Index Futures (Short - term opportunity), Treasury Bonds, Silver, Copper, Aluminum, Alumina, Zinc, Nickel, Stainless Steel, Tin, Industrial Silicon, Polysilicon, Carbonate Lithium, Rebar, Hot Rolled Coil, Palm Oil, Soybean Oil, Cotton (Short - term), Corn, Soybeans, Pulp, Logs, Fuel Oil, BR Rubber, PTA, Ethylene Glycol, Short - fiber, Styrene, Urea, PVC, LPG, Container Shipping to Europe [1] 2. Core Viewpoints - Short - term stock index futures' discount widens again, combined with liquidity drive, short - term index adjustment may bring long - position layout opportunities [1] - Asset shortage and weak economy are favorable for bond futures, but the central bank's short - term interest rate risk warning suppresses the upside [1] - Safe - haven sentiment and interest rate cut expectations boost the gold price [1] - Fed's interest rate cut expectations and potential copper supply tightness may push up copper prices [1] - Various factors lead to different price trends in different commodities, including supply - demand relationships, inventory levels, macro - economic conditions, and policy expectations [1] 3. Summary by Related Catalogs Macro - Financial - **Stock Index Futures**: Short - term adjustment may offer long - position opportunities due to discount widening and liquidity drive [1] - **Treasury Bonds**: Asset shortage and weak economy are positive, but central bank's interest rate risk warning restricts upside [1] Precious Metals - **Gold**: Safe - haven sentiment and interest rate cut expectations drive the price up, may run at a high level with amplified volatility risk [1] - **Silver**: Short - term may run at a high level with amplified volatility risk [1] Non - Ferrous Metals - **Copper**: Fed's interest rate cut expectations and potential supply tightness may lead to a stronger price [1] - **Aluminum**: Domestic consumption off - season pressures downstream demand, but Fed's interest rate cut expectations lead to a sideways movement [1] - **Alumina**: High production and inventory, weak fundamentals, pay attention to long - position opportunities in far - month contracts [1] - **Zinc**: Social inventory increase pressures the price, but LME inventory decline and macro - support limit the downside, expected to be strongly sideways [1] - **Nickel**: Short - term follows the macro - trend, pay attention to supply and macro - changes, wait for short - selling opportunities, long - term surplus pressure exists [1] - **Stainless Steel**: Raw material prices rise, social inventory stabilizes, short - term sideways, wait for short - selling opportunities, take profit on cash - futures arbitrage [1] - **Tin**: Seasonal maintenance in Yunnan and improved macro - sentiment lead to a strong sideways movement [1] Industrial Metals - **Industrial Silicon**: Supply resumes in the southwest and northwest, high hedging pressure, polysilicon production cut expected, long - term capacity reduction expected [1] - **Polysilicon**: Terminal installation willingness is low, but profit is considerable [1] - **Carbonate Lithium**: Resource disturbances, large short - term downstream replenishment, limited subsequent replenishment space [1] Black Metals - **Rebar and Hot Rolled Coil**: Valuation returns to neutral, industrial drive is unclear, macro - drive is warm [1] - **Iron Ore**: Near - month contracts are restricted by production cuts, far - month has upward potential, long - term anti - involution, short - term weak fundamentals [1] - **Steel**: Supply surplus pressure exists, price is under pressure [1] - **Coke and Anthracite**: Market suppresses steel prices to balance supply and demand, coal and coke fundamentals weaken [1] Agricultural Products - **Palm Oil and Soybean Oil**: Fourth - quarter bullish expectations exist, but short - term callback, expected to be sideways [1] - **Rapeseed Oil**: Affected by ICE rapeseed price decline, wait and see [1] - **Cotton**: Short - term range - bound, long - term supply pressure exists [1] - **Sugar**: Supply is loosening, price increase is under pressure, narrow - range sideways [1] - **Corn**: Short - term rebound is limited, long - term downward space exists, short on rallies [1] - **Soybeans**: Supply - demand balance is tight, import cost supports, short - term sideways, long on dips [1] - **Pulp**: Consider 11 - 1 calendar spread arbitrage [1] - **Logs**: Expected to oscillate within the range of 820 - 840 yuan/m³ [1] - **Hogs**: Supply is increasing, cost is decreasing [1] Energy and Chemicals - **Crude Oil**: Geopolitical tensions, OPEC+ meeting expectations, and Fed's interest rate cut expectations affect the price [1] - **Fuel Oil**: Short - term follows crude oil, long - term demand may be falsified [1] - **BR Rubber**: Pay attention to inventory levels and autumn device maintenance [1] - **PTA**: Production recovers, profit is repaired, but some downstream device maintenance is expected [1] - **Ethylene Glycol**: Overseas arrivals decrease, but hedging positions increase after price rise [1] - **Short - fiber**: Factory maintenance increases, basis is high, and cost is strong [1] - **Styrene**: Market rumors affect the price, trading volume weakens after the price rises [1] - **Urea**: Export sentiment eases, domestic demand is insufficient, but there is support [1] - **PVC**: Maintenance support is limited, order demand is rigid, price is sideways and weak [1] - **LPG**: International oil price and domestic market factors affect the price, downstream profit deterioration has a negative feedback [1] Others - **Container Shipping to Europe**: September supply exceeds the same - period level, freight rate is declining [1]

Group 1: Report Summary - The glass and soda ash market continued to be weak on September 3rd [2]. - The market sentiment has been volatile recently, and the anti - involution logic has become long - term. The short - term fundamentals are weak, and the industry still faces oversupply, which hinders price increases, especially for the 09 contract as its delivery is approaching [2]. - Glass supply remains stable, but demand is weak. With the "Golden September and Silver October" approaching, the terminal performance is unlikely to improve, and there is still pressure on inventory accumulation. Soda ash supply will return to a high level. Short - term direct demand is okay, but due to the increase in the daily melting volume of photovoltaic glass, inventory pressure is high and prices are under pressure [2]. Group 2: Trading Strategy - The trading strategy is to conduct cash - and - carry arbitrage and short on rallies [2] Group 3: Market Data Glass - Futures prices on September 4th: 1 - month contract is 1135, 5 - month contract is 1235, 9 - month contract is 940. Price changes are 1 (0.09%), 2 (0.16%), - 15 (- 1.57%) respectively. Spreads: 1 - 5 month is - 100, 5 - 9 month is 295, 9 - 1 month is - 195. Spot prices: 1200, 1140, 1240 in different regions. The basis of the main contract is 5, etc. [1] Soda Ash - Futures prices on September 4th: 1 - month contract is 1276, 5 - month contract is 1357, 9 - month contract is 1158. Price changes are 9 (0.71%), 10 (0.74%), 6 (0.52%) respectively. Spreads: 1 - 5 month is - 81, 5 - 9 month is 199, 9 - 1 month is - 118. Spot prices: 1000, 1300, 1250 in different regions. The basis of the main contract is - 276, etc. [1]

1. Report Industry Investment Rating - No information provided 2. Core View of the Report - Today's spot price of live pigs has limited upward momentum, showing a stable and slightly weak trend. The overall futures market is still trading under the pressure of increasing inventory, with short - term futures showing a volatile and weak trend [3]. 3. Summary by Relevant Content 3.1 Spot Price and Futures Price - On September 3, 2025, the national average price of live pigs was 13.76 yuan/kg, remaining unchanged. The prices in different regions showed fluctuations, with some regions experiencing price drops. For example, Shandong dropped by 0.17 yuan/kg, and Hebei dropped by 0.13 yuan/kg [3]. - The price of LH2511 was 13,550 yuan, down 45 yuan; LH2601 was 13,915 yuan, up 55 yuan; LH2603 was 13,130 yuan, up 35 yuan [3]. 3.2 Supply - side Situation - According to Yongyi data, the monthly live pig slaughter began to increase month - on - month in August, with the fastest month - on - month growth rate in October. The weight decline was slower than expected, and secondary fattening was relatively stable [3]. - This week, the average national slaughter weight was 127.98 kg, an increase of 0.16 kg from last week, with a month - on - month increase of 0.13%. Group enterprises' progress in completing their tasks was slow, and there was still a shift of production capacity to later periods [3]. 3.3 Market of Piglets - This week, the average market selling price of 15 - kg piglets was 463 yuan/head, a decrease of 21 yuan/head from last week. Recently, piglet prices have been continuously declining. Currently, it is the off - season for piglet replenishment, and farmers' demand for piglets has significantly weakened [3]. 3.4 Market Outlook - The effect of weight reduction in live pig breeding has not been obvious recently. There is still pressure on the spot market, but the process of capacity reduction takes time. Although the spot price has risen in the short term, the sustainability of the increase needs to be observed [3].

Report Summary 1) Report Industry Investment Rating No information provided. 2) Core View - In the short term, methanol prices will fluctuate within a range. In the medium to long term, the methanol spot market may shift from a strong to a weak - fluctuating trend [1]. 3) Summary by Relevant Catalogs Price - Methanol prices in many domestic regions increased slightly. For example, the price in Inner Mongolia rose from 2030.00 to 2070.00, and in Shandong from 2260.00 to 2280.00. The price of Sichuan - Chongqing liquefied gas increased by 16.00 to 4080.00, while the price of international natural gas decreased by 0.19 to 10.68. Some associated product prices also changed, such as acetic acid increasing by 20.00 to 2290.00 and MTBE decreasing by 10.00 to 5040.00 [1]. Supply - Domestic methanol production increased from 279825.00 to 280425.00, and the domestic operating rate rose from 86.32 to 86.51. The international operating rate remained unchanged at 74.52 [1]. Inventory - Both enterprise inventory and port inventory remained unchanged at 333393.00 and 1299250.00 respectively [1]. Demand - Orders to be delivered remained unchanged at 216985.00. The formaldehyde market showed mixed trends. With raw material methanol slightly adjusting back, cost - side support strengthened. However, as the downstream entered the off - season, formaldehyde producers faced greater shipment pressure and adjusted their shipment mechanisms according to inventory [1]. Operating Rate of Associated Products - The operating rates of most associated products remained unchanged, including dimethyl ether at 5.97, formaldehyde at 42.25, acetic acid at 85.24, methane chloride at 87.29, and MTBE at 63.54 [1].

Report Summary 1. Report Industry Investment Rating No information regarding the industry investment rating is provided in the given content. 2. Core Viewpoints - OPEC+ will consider increasing oil production again at Sunday's meeting [2] - The spread between PX and naphtha has widened, and the weakness of benzene prices has restrained the further increase of PX production to some extent [2] - The spread between PX and MX has rebounded, and the downstream load of polyester remains at around 88%. Domestic PTA plants are gradually resuming, and domestic PTA production is increasing [2] - With the recent improvement in sales and inventory reduction, especially the significant reduction of filament inventory, profits have been significantly restored. However, the maintenance expectations of some downstream devices are relatively strong [2] 3. Summary by Relevant Catalogs Price and Index Changes - PTA spot price decreased from 4725 to 4705, a decrease of 20 [2] - MEG domestic price decreased from 4468 to 4435, a decrease of 33 [2] - 1.4D direct - spun polyester staple fiber price decreased from 6590 to 6575, a decrease of 15 [2] - Short - fiber basis increased from 46 to 66, an increase of 20 [2] - 9 - 10 spread decreased from 94 to 88, a decrease of 6 [2] - Polyester staple fiber cash flow increased from 240 to 246, an increase of 6 [2] - The spread between 1.4D direct - spun and imitation large - chemical fiber decreased from 890 to 875, a decrease of 15 [2] - East China water bottle chip price decreased from 5926 to 5916, a decrease of 10 [2] - Bottle chip spot processing fee increased from 389 to 408, an increase of 18.16 [2] - T32S pure polyester yarn processing fee increased from 3740 to 3755, an increase of 15 [2] - Polyester - cotton yarn profit increased from 1185 to 1218, an increase of 32.62 [2] - Hollow short - fiber 6 - 15D cash flow increased from 393 to 422, an increase of 28.15 [2] Market Conditions - **Short - fiber market**: Polyester staple fiber prices fell by 52 to 6410. The spot market prices of production plants were flexibly negotiated, and the prices of traders decreased. Downstream procurement mainly focused on low - price goods, and intermediate - link transactions were relatively active [2] - **Bottle chip market**: The mainstream negotiation price of polyester bottle chips in the Jiangsu and Zhejiang markets was 5880 - 6010 yuan/ton, with the average price remaining flat compared to the previous working day. Polyester raw materials and bottle chip futures fluctuated narrowly, most supply offers remained unchanged, downstream terminals were cautiously waiting and watching, and market transactions were limited [2] Load and Production and Sales - Direct - spun short - fiber load (weekly) increased from 90.60% to 91.10%, an increase of 0.01 [3] - Polyester staple fiber production and sales decreased from 45.00% to 41.00%, a decrease of 4.00% [3] - Polyester yarn startup rate (weekly) increased from 62.00% to 62.80%, an increase of 0.01 [3] - Regenerated cotton - type load index (weekly) decreased from 49.50% to 49.00%, a decrease of 0.01 [3]

Report Overview - The report is titled "Sugar Data Daily" and is provided by ITG Guomao Futures [3][2] Industry Investment Rating - Not provided Core Viewpoint - During the new harvest season alternation period, the supply is diversified, and the competition between processed sugar and domestic sugar intensifies. It is expected to maintain range-bound trading. One should be vigilant about the decline in import costs and the risk of demand falling short of expectations. If Brazil's production exceeds expectations or India relaxes exports, raw sugar may test the previous low again [4] Key Data Summary Domestic Sugar Price - The spot price of sugar in Nanning Warehouse, Guangxi is 5990 yuan/ton with no change; in Kunming, Yunnan is 5850 yuan/ton with no change; in Dali, Yunnan is 5720 yuan/ton with no change; in Rizhao, Shandong is 6050 yuan/ton with no change [4] - SR09 futures price is 5590 yuan/ton, down 21; SR01 futures price is 5562 yuan/ton, down 37; SR09 - 01 spread is 28, up 16 [4] Exchange Rate - The exchange rate of RMB against the US dollar is 7.1554, down 0.0010; the exchange rate of the Brazilian real against the RMB is 1.2818, up 0.0212; the exchange rate of the Indian rupee against the RMB is 0.084, down 0.0004 [4] International Futures Price - ICE raw sugar主力 price is 16.14 with no change; London white sugar主力 price is 573, up 3; Brent crude oil主力 price is 69.07 with no change [4]