II GERIK 投资咨询业务资格：证监许可【2012】31号 航运衍生品数据日报 | | | | 国贸期货研究院 能源化工研究中心 卢钊毅 | | | 投资咨询号: Z0021177 | 2025/6/9 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 数据来源：Clarksons、Wind | | 从业资格号:F03101843 | | | | | 运价指数 | 上海出口集装箱运价 综合指数SCFI | 中国出口集装箱运价 指数CCFI | SCFI-美西 | SCFIS-美西 | SCFI-美东 | SCFI-西北欧 | | E | 现值 | 2240 | 1155 | 5606 | 1718 | 693 d | 1667 | | CALL 运 | 前值 | 2073 | 1118 | 5172 | 1720 | 6243 | 1587 | | | 涨跌幅 | 8.09% | 3.34% | 8.39% | -0.12% | 11.15% | 5.04% | | ਵਿ | | SCFIS-西北欧 | SCFI-地中海 | | | | ...

【玻璃纯碱（ 】 低位价格弹性大，市场情绪易波动 国贸期货 黑色金属研究中心 2025-06-09 黄志鸿 从业资格证号：F3051824 投资咨询证号：Z0015761 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 投资咨询业务资格：证监许可【2012】31号 01 PART ONE 主要观点及策略概述 玻璃:供需双弱 | 影响因素 | 驱动 | 主要逻辑 | | | | --- | --- | --- | --- | --- | | 供给 | 偏空 | 产量下降。本周全国浮法玻璃日产量为15.68万吨，行业开工率为75.68%，比29日-0.34个百分点；产能利用率为78.14%，比29日-0.47个百分 | | | | | | 点。本周2条产线放水，1条产线点火，但点火产线暂无玻璃产出，整体来看供应量呈现下降趋势。下周1条产线存在冷修预期，2条产线计划点 | | | | | | 火，产量持稳为主。 | | | | 需求 | 偏空 | 需求预期走弱，淡季来临，需求或边际下滑。稳增长压力较大，中期地产颓势难挽，竣工数据同比延续下滑，后市需求担忧犹存。 ...

利润估算 种类 外购锂辉石精矿现金成本 60696 N 利 # 王 外购锂辉石精矿利润 -1336 外购锂云母精矿现金成本 64355 外购锂云母精矿利润 -6488 行业 西藏矿业降价75№继续抛售锂资产。6月2日，西藏矿业再次调整自银扎布耶锂业有限公司100%股权的挂牌价，将挂牌转让底价调整为17692.13 继续推进本次资产出售。自2022年9月以来，西藏矿业多次尝试出售这家子公司。最初6.84亿元的挂牌价无人问津，随后一 如今跌破2亿关口,相比首次挂牌价格降幅高达75%,却依然找不到接盘方。 主要 视情绪提振和下游小幅补库，碳酸锂价格出现反弹。但矿价持续下跌的矛盾没有变。且价格反弹后，碳酸锂供给快速增加，而需求趋于平 预计随着下游补库节奏,碳酸锂价格将重回偏弱趋势 xiti 贡 免 告中的信息均源于公开可获得的资料,国贸期货力求准确可靠。但不对上述信息的准确性及完整性做任何保证。本报告不构成个人投资8 对个别投资者特殊的投资目标、财务状况或需要，投资者需自行判断本报告中的任何意见或建议是否符合其特定状况，据此投资，责任自负。本报告仅向 特定客户推送，未经国贸期货授权许可，任何引用、转载以及向第三方传播 ...

// 化。前期ICE原糖跌至18美分/磅以下触发国内买船,近月采购量超百万吨,预计6月中下旬起进口糖将陆续到港,三季度供 结 应压力增加。巴西配额外进口成本降至5980元/吨,与国内现货价差缩窄至150元/吨,进口利润修复刺激后续采购。1-3月 糖浆及预拌粉进口24.2万吨（折糖约15. 6万吨）,低价替代品持续挤占国产糖消费空间。综上所述,郑糖维持震荡偏弱。 投资咨询业务资格:证监会许可【2012】31号 ITC国贸期货 白糖数据日报 | 1 | | | 农产品中心 | 期货从业资格证号 | | 投资咨询证号 | 2025/6/9 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 谢威 | F03087820 | | Z0019508 | | | 团日 | | 地区 | 2025/6/6 | 涨跌值 | 升贴水 | 与2509基差 | 涨跌值 | | / 报 糖 | 广西 | 南宁仓库 | 6190 | 0 | 0 | 455 | -5 | | 吨价现 | | 昆明 | 5915 | 5 | -100 | 280 | 0 | | いで貨 ...

| 国贸期货研究院 | | | | 投资咨询号: Z0013700 | | | 2025/6/9 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 宏观金融研究中心 白素娜 | | 人业资格号:F3023916 | | | | | | | | | | | 伦敦银现 | | COMEX黄金 COMEX白银 AU2508 AG2508 AU (T+D) AG (T+D) 伦敦金现 日期 | | | | | | | | | | | 内外盘金 | | (美元/盎司) (美元/盎司) (美元/盎司) (美元/盎司) (元/克) (元/千克) (元/克) (元/千克) | | | | | | | | | | | 银15点价 | | 格厨房 2025/6/6 3358. 48 36. 11 3382. 00 36. 28 783. 24 8850.00 779. 70 8815.00 | | | | | | | | | | | (本表数 | | | | | | | | | | | | | 2025/6/ ...

Market Review - The closing prices of the Shanghai Composite 50, CSI 300, and CSI 1000 were 2692.1287, 3877.5557, and 6167.0149 respectively, with daily changes of 0.05%, 0.23%, and 0.72%. Their trading volumes were 30.78 billion, 122.88 billion, and 206.08 billion, and turnovers were 559.62 billion yuan, 2317.49 billion yuan, and 2732.39 billion yuan respectively [4]. - The trading volumes of Shanghai Composite 50, CSI 300, and CSI 1000 index options were 1.47 million, 4.87 million, and 16.35 million contracts. Their open interests were 6.63 million, 17.69 million, and 27.19 million contracts respectively [4]. - The previous trading day, the Shanghai Composite Index rose 0.23% to 3384.1 points, the Shenzhen Component Index rose 0.58%, the ChiNext Index rose 1.17%, the Beijing Stock Exchange 50 fell 0.29%, the STAR 50 rose 1.04%, and the CSI A500 rose 0.35%. A - shares traded 1.32 trillion yuan, compared with 1.18 trillion yuan the previous day [8]. Volatility Analysis - Analyzes the historical volatility chains and volatility smile curves of Shanghai Composite 50, CSI 300, and CSI 1000, including indicators such as maximum, minimum, 10% - 90% quantiles, and current values [6][8].

Report Industry Investment Ratings - No specific industry investment ratings are provided in the report. Core Views of the Report - The positive signals from the Sino - US economic and trade talks are expected to drive short - term strength in stock indices [1]. - The situation of asset shortage and weak economy is favorable for bond futures, but the central bank's short - term interest rate risk warning suppresses the upward movement [1]. - Different commodities have different trends: some are expected to rise, some to fall, and some to fluctuate, which are affected by factors such as supply - demand relationships, macro - economic conditions, and policy uncertainties [1]. Summary According to Relevant Catalogs Macro - finance - Stock indices are expected to be strong in the short term due to positive signals from Sino - US economic and trade talks [1]. - Bond futures are favored by asset shortage and weak economy, but short - term interest rate risk warnings limit upward movement [1]. Precious Metals - Gold is expected to fluctuate in the short term and has a solid long - term upward logic [1]. - Silver is expected to remain strong but there is a risk of a sharp pullback [1]. Non - ferrous Metals - Copper is expected to remain strong due to the boost of the Sino - US leaders' phone call [1]. - Aluminum may fluctuate weakly due to repeated macro - sentiment and weakening downstream demand despite low inventory support [1]. - Alumina may rebound in the short term due to rising spot prices, significant futures discounts, and mine - end disturbances [1]. - Nickel is expected to fluctuate in the medium - to - long term due to uncertainties in tariff policies and potential oversupply of primary nickel [1]. Black Metals - Iron ore may fluctuate as the iron - making volume is expected to peak and there is an expected increase in supply in June [1]. - Manganese silicon and silicon iron have different supply - demand situations, with manganese silicon having heavy warehouse receipt pressure and silicon iron having a tight supply - demand balance due to production cuts [1]. - Steel products such as hot - rolled coils and stainless steel have different trends based on factors like cost, supply, and demand [1]. Agricultural Products - Corn is expected to be strong in the medium term due to tightening supply - demand, but its upward potential is limited by domestic substitute grain prices [1]. - Soybean meal is expected to face pressure on the spot basis and near - month contracts due to expected inventory accumulation in June [1]. - Sugar production in Brazil is expected to change in the 2025/26 season, and the future production may be affected by the crude oil price [1]. Energy and Chemicals - Crude oil and fuel oil are expected to fluctuate, affected by OPEC+ production decisions, geopolitical situations, and seasonal consumption [1]. - PTA, ethylene glycol, and other chemical products have different trends based on factors such as cost, supply, and demand [1]. - Urea may rebound, while methanol is expected to fluctuate weakly in the short term [1]. Others - Shipping container freight on the European route has a "strong expectation, weak reality" situation, and certain trading strategies are recommended [1]. - LPG is expected to fluctuate weakly in the short term due to weak demand and lack of news guidance [1].

投资咨询业务资格:证监许可【2012】31号 投资咨询号:Z0021658 从业资格号:F03110419 2025/6/6 | | 指标 | 6月5日 | 涨跌 | | | 豆粕主力合约基差(张家港) | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 大连 | -38 | -19 | 2500 1000 | | ===== 19/20 ===== 20/21 ===== 21/22 ====== 22/23 | | | - 23/24 | 24/25 | | | | | | 2000 | | | | | | | | | 天津 | -98 | -19 | 1500 | | | | | | | | | 日照 | -158 | -39 | 500 | | | | | | | | 43%豆粕现货基差 | 张家港 | -58 | -19 | -500 | | | | | | | | (对主力合约) | | | | 09/21 | 10/22 11/77 | 02/23 | 03/25 | 04/75 05 ...

投资咨询业务资格:证监许可【2012】31号 【C 国贸易所得 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 न्ह IE E 切 与 流 TSI 性 逆回购、中期借贷便利(MLF)、买断式逆回购等中短期流动性管理工 具,引导年中流动性维持合理充裕状态。 | 品种 | 收盘价 | 较前一日变动 (%) | 品种 | 收盘价 | 较前一日变 动(%) | | --- | --- | --- | --- | --- | --- | | 沪深300 | 3878 | 0.23 | IF当月 | 3852 | 0.2 | | 上证50 | 2692 | 0.05 | IH当月 | 2674 | 0.0 | | 中证500 | 5770 | 0.54 | IC当月 | 5724 | 0.6 | | 中证1000 | 6167 | 0.72 | IM当月 | 6102 | 0.8 | | IF成交量 | 69770 | -0.1 | IF持仓量 | 231414 | 0.9 | | IH成交量 | 38082 | 19.4 | IH持仓量 | 81351 | 3.2 | | IC成交量 | 64999 | ...

贵金属数据日报 | | | | | 国贸期货研究院 | | 投资咨询号: Z0013700 | | | 2025/6/6 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 宏观金融研究中心 白素娜 | | 从业资格号:F3023916 | | | | | | 日期 | 伦敦金现 | 伦敦银现 | COMEX黄金 | COMEX日银 | AU2508 | AG2508 | AU (T+D) | AG (T+D) | | 内外盘金 银15点代 | | (美元/盎司) | (美元/盎司) | (美元/盗司) | (美元/盎司) | (元/克) | (元/千克) | (元/克) | (元/千克) | | | 2025/6/5 | 3366. 49 | 34. 51 | 3390. 10 | 34. 70 | 783.72 | 8473.00 | 780. 15 | 8451.00 | | 格跟踪 (本表數 | | | | | | | | | | | 据来源: | 2025/6/4 | 3356. 43 | 34. 45 ...