投资咨询业务资格:证监详可【2012】31号 宏观金融数据日报 | | 国贸期货研究院 宏观金融研究中心 郑雨婷 | | 期货执业证号:F3074875; 投资咨询证号: Z0017779 | | | 2025/6/10 | | --- | --- | --- | --- | --- | --- | --- | | | 品种 | 收盘价 | 较前值变动(bp) | 品种 | 收盘价 | 较前值变动 (bp) | | | DRO01 | 1.38 | -3.50 | DR007 | 1.51 | -1.97 | | 集 | GC001 | 1.43 | -2.00 | GC007 | 1.55 | -1.00 | | T | SHBOR 3M | 1.65 | -0.20 | LPR 5年 | 3.50 | -10.00 | | 市 | 1年期国债 | 1.41 | 0.00 | 5年期国债 | 1.50 | 0.45 | | 场 | 10年期国债 | 1.66 | 0.25 | 10年期美债 | 4.51 | 11.00 | | 与 | | | 回顾:央行昨日开展了1738亿元7天期逆回购操作,操作利率1.4 ...

| 投资咨询业务资格:证监许可【2012】31号 | | | | | | | | ITC 国贸期货 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | SAL | | | | | | | | | | | | 农产品研究中心 | | | | 国贸期货研究院 | 杨璐琳 | 投资咨询号:Z0015194 从业资格号:F3042528 | | | 2025/6/10 | | | 纸浆价格数据 | | | | | | | | | | | | 2025年6月9日 | | | | 日环比 | 周环比 | | | 2025年6月9日 | OFFF HMM | 周环比 | | -0. 23% | | SP2601 | 5296 | 1.07% | | | 针叶浆银星 | 6150 | 0. 00% | -0. 81% | | 现货价 | 期货价格 | SP2507 | 5280 | 0. 00% | -0. 34% | | 针织我针 | 5350 | 0. 00% | -0. 93% | | SP2509 | | | 5290 ...

投资咨询业务资格:证监许可【2012】31号 ITG国贸期 权数据日报 于一个工干面中心 =: F0251925 2025/6/9 费据来源: Wind,国贸期货研究院 | | 行情回顾 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 指数 | 收盘价 | | 张肤帽(%) | | 成交额(亿元) | | 成交里(亿) | | | 上证50 | 2688. 8504 | | -0.12 | | 520. 03 | | 29. 85 | | | 沪至300 | 3873. 9841 | | -0. 09 | | 2020. 35 | | 110. 99 | | | 中证1000 | 6152. 8446 | | -0.23 | | 2403. 63 | | 178.34 | | | | 中金所股指期权成交情况 | | | | | | | | | 指数 | 期权成交望 | 认购期权 | 认沽期权 | 日成交里 | 期权持仓里 | 认购期权 | 认沽期权 | 持仓里 | | | (万张) | 成交里 | 成交里 | ...

投资咨询号:Z0021658 从业资格号:F03110419 2025/6/9 | | 指标 | 6月6日 | 涨跌 | | | | 豆粕主力合约基差(张家港) | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 43%豆粕现货基差 | 大连 日照 | -50 -170 | -12 -12 | 2500 1000 500 | | | ====== 19/20 ===== 20/21 ===== 21/22 ====== 22/23 | | | - 23/24 | 24/25 | | | | | | 2000 | | | | | | | | | | 天津 | -90 | 8 | 1500 | | | | | | | | | | 张家港 | -110 | -52 | -500 | | | | | | | | | (对主力合约) | | | | 09/71 | 10/22 11/77 | | | 03/75 | | | | | | 东莞 | -190 | -32 | | | | 18-6W | | ...

2012 31 2025-06-09 | G国贸期货 | | --- | | 影响因素 | 主要逻辑 | | --- | --- | | 回顾 | 本周国内大宗商品探底回升，小幅反弹，其中，工业品探底回升，农产品小幅震荡。主因一是，随着价格的持续走弱，黑色系供给端减产消息扰动增多，空头止盈 | | | 带动盘面反弹；二是，地缘政治因素反复，国际油价有所回升；三是，关税战缓和带动基本金属上涨。 | | 海外 | 1）美国5月ISM制造业PMI指数为48.5，不及预期和前值。订单量连续第四个月萎缩，进口指数创2009年以来新低，出口指数创五年新低，物价支付指数仍高企。5 | | | 月美国ISM制造业PMI连续第三个月萎缩，创2023年11月以来新低，凸显行业整体动能持续弱化。2）美国5月新增非农就业13.9万人，高于预期；5月失业率4.2%， | | | 与预期持平；本次非农数据高于预期，失业率也未上行，就业市场依旧稳健，由于关税潜在的通胀作用，美联储大概率将会继续观望，6月FOMC会议上美联储会 | | | 保持现有的利率水平不变。基准情形下，美联储或将于4季度开启降息，全年降息1-2次，降息幅度则有可能超过 ...

Group 1: Report Industry Investment Ratings - Bullish: Gold, Silver, Crude Oil, Fuel Oil, Ethanol [1] - Bearish: Polycrystalline Silicon, Lithium Carbonate, Coking Coal, Coke, Logs, PTA, Short - Fiber, PVC [1] - Neutral (Oscillating): Stock Index, Treasury Bonds, Copper, Aluminum, Alumina, Nickel, Stainless Steel, Tin, Industrial Silicon, Rebar, Hot - Rolled Coil, Iron Ore, Manganese Silicon, Silicon Ferrosilicon, Glass, Soda Ash, Palm Oil, Soybean Oil, Rapeseed Oil, Cotton, Sugar, Corn, Soybeans, Pulp, Live Pigs, Asphalt, Natural Rubber, BR Rubber, Ethylene Glycol, Styrene, Urea, Methanol, Seasonal Products, PVC, Caustic Soda, LPG, Container Shipping on European Routes [1] Group 2: Report's Core View - The short - term fluctuations of stock indices are dominated by overseas variables, and they are expected to oscillate strongly in the short term, but be cautious about the repeated signals of Sino - US tariffs [1]. - Asset scarcity and a weak economy are beneficial to bond futures, but the central bank's short - term interest - rate risk warning restricts the upward space [1]. - The prices of various commodities are affected by factors such as supply and demand, policies, and international relations. For example, the price of copper is affected by supply and Sino - US relations; the price of aluminum is affected by inventory and downstream demand [1]. Group 3: Summary by Industry Macro - Finance - Stock Index: Overseas variables dominate short - term fluctuations, expected to oscillate strongly with caution about tariff signal repetitions [1]. - Treasury Bonds: Asset scarcity and weak economy are favorable, but central - bank interest - rate risk warning restricts upward space [1]. Non - Ferrous Metals - Gold: Expected to run strongly in the short term with a solid long - term upward logic [1]. - Silver: Technically broken through, expected to run strongly but beware of a pull - back [1]. - Copper: The Sino - US leaders' call boosts the price, but sufficient supply restricts the upward space [1]. - Aluminum: Low inventory supports the price, but weakening downstream demand may lead to a weakening oscillation [1]. - Alumina: Spot price rising, futures price falling due to increased production [1]. - Nickel: Expected to oscillate in the short term, with long - term surplus pressure [1]. - Stainless Steel: Follows macro - oscillations in the short term, with long - term supply pressure [1]. - Tin: Supply contradiction intensifies in the short term, expected to oscillate at a high level [1]. - Industrial Silicon: High supply in the northwest, resuming production in the southwest, low demand, and high inventory pressure [1]. Ferrous Metals - Rebar and Hot - Rolled Coil: In the window period of peak - to - off - peak season, with loose cost and supply - demand patterns and no upward driving force [1]. - Iron Ore: Expecting the peak of molten iron, with supply increase in June [1]. - Manganese Silicon: Short - term supply - demand balance, with high warehouse - receipt pressure [1]. - Silicon Ferrosilicon: Cost is affected by coal, but production reduction makes supply - demand tight [1]. - Glass: Weak supply and demand, with prices continuing to weaken [1]. - Soda Ash: Direct demand is okay, but terminal demand is weak, with medium - term over - supply and price pressure [1]. - Coking Coal and Coke: Spot prices continue to weaken, and the futures can be shorted [1]. Agricultural Products - Sugar: Brazilian sugar production is expected to hit a record high, but oil prices may affect production [1]. - Corn: Supply - demand tightening supports a strong oscillation, but the increase is limited by substitute grains [1]. - Soybeans: Expected to oscillate due to the lack of strong upward driving force [1]. - Pulp: Demand is weak, but the downward space is limited [1]. - Logs: Supply is loose, demand is weak, and short - selling is recommended [1]. - Live Pigs: Inventory is sufficient, and futures are stable [1]. Energy and Chemicals - Crude Oil and Fuel Oil: Sino - US calls, geopolitical situations, and the summer peak season support the prices [1]. - Asphalt: Affected by cost, inventory, and demand [1]. - Natural Rubber: Futures - spot price difference returns, cost support weakens, and inventory decreases [1]. - BR Rubber: Fundamentals are loose in the short term, and long - term factors need attention [1]. - PTA: Actual production hits a new high, and sales are difficult [1]. - Ethylene Glycol: Coal - to - ethylene glycol profit expands, and inventory is decreasing [1]. - Styrene: Speculative demand weakens, inventory rises, and the basis weakens [1]. - Urea: Expected to rebound due to export demand [1]. - Methanol: Entering the inventory - accumulation stage, with weak traditional demand [1]. - PVC: Supply pressure increases due to the end of maintenance and new device production [1]. - Caustic Soda: Spot is strong in the short term, but the price - reduction expectation is traded in advance [1]. - LPG: Prices are weak and oscillate in a narrow range [1]. Others - Container Shipping on European Routes: The contract in the peak season can be lightly tested for long positions, and attention should be paid to arbitrage opportunities [1].

投资咨询业务资格:证监许可【2012】31号 | 瓶片短纤数据日报 | | | | 国贸期货研究院 | 技资咨询号 Z0017251 2025/6/9 | | --- | --- | --- | --- | --- | | | | | 能源化工研究中心 陈胜 | 从业资格号: | | | | | | F3066728 | | 指标 | 2025/6/5 | 2025/6/6 | 变动值 | | | PTA现货价格 | 4845 | 4895 | 50. 00 | | | | | | | 现货资讯: | | MEG内盘价格 | 4425 | 4408 | (17.00) | 短纤:涤纶短纤涨26至6394。现货市场:涤纶 | | PTA收盘价 | 4644 | 4652 | 8.00 | 短纤生产企业价格僵持运行,贸易商价格稳中有 | | MEG收盘价 | 4283 | 4261 | (22.00) | 涨,下游按需采购,场内成交一般。 | | | | | | 1.56dtex*38mm半光本白(1.4D)涤纶短纤华东市 | | 1.4D直纺涤短 | 6575 | 6600 | 25.00 | 场价格在6330 ...

投资咨询业务资格：证监许可【2012】31号 【黑色金属周报】 国贸期货 黑色金属研究中心 2025-06-09 张宝慧 从业资格证号：F0286636 投资咨询证号：Z0010820 董子勖 从业资格证号：F03094002 投资咨询证号：Z0020036 本报告非期货交易咨询业务项下服务，其中的观点和信息仅供参考，不构成任何投资建议；期市有风险，投资需谨慎 薛夏泽 从业资格证号：F03117750 目录 01 螺纹钢 险 资 偏 好 略 回 暖 ， 产 业 弱 叙 事 暂 无 根 本 性 改 变 板 块 淡 季 压 力 仍 在 ， 焦 煤 期 货 低 位 大 幅 反 弹 02 焦煤焦炭 03 铁矿石 结 构 性 矛 盾 并 未 影 响 基 本 面 的 边 际 走 弱 本报告非期货交易咨询业务项下服务，其中的观点和信息仅供参考，不构成任何投资建议，期市有风险，投资需谨慎 01 PART ONE 螺纹钢 螺纹钢：险资偏好略回暖，产业弱叙事暂无根本性改变 | 影响因素 | 驱动 | 主要逻辑 | | --- | --- | --- | | 供给 | 偏空 | 铁水日均产量继续小跌，幅度很平缓，主要原因还是在于长 ...

E 光期货有限公司 D7 7 2 - 流的衍生品综合服务商 市 市 官 方 网 站 服 热 线 需 有 谨 风 www.itf.com.cn 400-8888-598 馆 险 UF ITG国贸期货 世界500强投资企业 | | | | 投资咨询业务资格:证监许可【2012】31号 | | | ITC 国贸期货 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | SAL. | | | | | | 农产品研究中心 | | 国贸期货研究院 | 杨璐琳 | 投资咨询号:Z0015194 从化资格号:F3042528 | | | 2025/6/9 | | | | | | | 纸浆价格数据 | | | | | | 2025年6月6日 | | 日环比 | 周环比 | | | 2025年6月6日 | OFFF HMM | 周环比 | | SP2601 | 5240 | -0. 04% | -2. 13% | | 针叶浆银星 | 6150 | 0. 00% | -0. 81% | | 期货价格 SP2507 | 5280 | 0. 00 ...

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View - Domestic factors have a weak driving force on stock indices, with a weak fundamental performance and a relative policy vacuum. Overseas variables dominate short - term fluctuations. Positive signals in Sino - US economic and trade relations are expected to boost the equity market, and stock indices are expected to be strong in the short term. However, be vigilant about the repeated signals of Sino - US tariffs and be cautious about chasing up [7] 3. Summary by Relevant Catalogs Money Market - DRO01 closed at 1.41, down 0.10bp; DR007 closed at 1.55, down 0.41bp; GC001 closed at 1.45, up 4.50bp; GC007 closed at 1.56, unchanged; SHBOR 3M closed at 1.65, down 0.10bp; LPR 5 - year closed at 3.50, down 10.00bp; 1 - year treasury bond closed at 1.44, down 1.75bp; 5 - year treasury bond closed at 1.52, down 0.85bp; 10 - year treasury bond closed at 1.68, up 0.40bp; 10 - year US treasury bond closed at 4.40, up 3.00bp [4] - Last week, the central bank conducted 930.9 billion yuan of reverse repurchase operations and had 1602.6 billion yuan of reverse repurchase maturities, resulting in a net withdrawal of 671.7 billion yuan in the full - caliber open - market operations [4] - This week, 930.9 billion yuan of reverse repurchase will mature in the central bank's open - market operations, with 0 billion, 454.5 billion, 214.9 billion, 126.5 billion, and 135 billion yuan maturing from Monday to Friday respectively. After the monthly bank assessment, the capital market tends to be loose, and the central bank uses various tools to maintain reasonable and sufficient mid - year liquidity [5] Stock Market - The closing prices of major indices: CSI 300 was 3874, down 0.09%; SSE 50 was 2689, down 0.12%; CSI 500 was 5762, down 0.14%; CSI 1000 was 6153, down 0.23%. The closing prices of corresponding futures contracts: IF was 3855, up 0.1%; IH was 2674, unchanged; IC was 5725, unchanged; IM was 6100, unchanged [6] - Last week, CSI 300 rose 0.88% to 3874; SSE 50 rose 0.38% to 2688.9; CSI 500 rose 1.6% to 5762.1; CSI 1000 rose 2.1% to 6152.8. Among Shenwan's primary industry indices, communication (5.3%), non - ferrous metals (3.7%), electronics (3.6%), comprehensive (2.9%), and computer (2.8%) led the gains, while household appliances (- 1.8%), food and beverages (- 1.1%), transportation (- 0.5%), steel (- 0.2%), and public utilities (- 0.1%) led the losses [6] - The trading volume and positions of futures contracts decreased. IF trading volume was 64010, down 8.3%; IF positions were 227571, down 1.7%; IH trading volume was 34884, down 8.4%; IH positions were 78444, down 3.6%; IC trading volume was 53635, down 17.5%; IC positions were 207892, down 1.8%; IM trading volume was 135171, down 25.1%; IM positions were 314603, down 4.5% [6] Futures Premium and Discount - The premium and discount rates of futures contracts vary. For example, IF's premium and discount rates for the current - month, next - month, current - quarter, and next - quarter contracts are 14.59%, 13.19%, 0.02%, and 6.22% respectively [8]