| 数据指标 | 项目类别 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | IF主力合约（2603） | | 4716.8 IH主力合约（2603） 3083.0 | +4.2↑ IF次主力合约（2602） -9.4↓ IH次主力合约（2602） | 4719.4 3082.8 | +3.2↑ -9.0↓ | | IC主力合约（2603） | | 8448.8 | +112.2↑ IC次主力合约（2602） | 8448.2 | +103.2↑ | | IM主力合约（2603） | | 8338.0 | +93.6↑ IM次主力合约（2602） | 8345.4 | +83.0↑ | | IF-IH当月合约价差 | 期货盘面 | 1636.6 | +12.0↑ IC-IF当月合约价差 | 3728.8 | +102.6↑ | | IM-IC当月合约价差 | | -102.8 | -20.6↓ IC-IH当月合约价差 | 5365.4 | +114.6↑ | | IM-IF当月合约价差 | | 3626.0 | +82.0↑ ...

| 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 沪金主力合约收盘价（日，元/克） | 1126.120 | -4.3↓ 沪银主力合约收盘价（日，元/千克） | 20626 | -318.00↓ | | | 主力合约持仓量:沪金(日,手) | 154,552.00 | -5958.00↓ 主力合约持仓量:沪银(日,手) | 9,092.00 | +42.00↑ | | | 主力合约成交量:沪金 | 246,621.00 | +28688.00↑ 主力合约成交量:沪银 | 509,006.00 | +4927.00↑ | | | 仓单数量:沪金(日,千克) | 105072 | 0↑ 仓单数量:沪银(日,千克) | 349,633 | 7531↑ | | 现货市场 | 上金所黄金现货价 | 1122.52 | -0.50↓ 华通一号白银现货价 | 19,811.00 | 255.00↑ | | | 沪金主力合约基差(日,元/克) | -3.60 | 3.78↑ 沪银主力合约基差(日,元/ ...

消息影响，菜油仍受牵制，节前短线参与为主。 研究员: 许方莉 期货从业资格号F3073708 期货投资咨询从业证书号Z0017638 免责声明 | 项目类别 | 数据指标 环比 | 最新 | 环比 数据指标 | 最新 | | | --- | --- | --- | --- | --- | --- | | | 期货收盘价(活跃合约):菜籽油(日,元/吨) | 9047 | -84 期货收盘价(活跃合约):菜籽粕(日,元/吨) | 2303 | 15 | | 期货市场 | 菜油月间差(5-9):(日,元/吨) 主力合约持仓量:菜油(日,手) | 23 251961 | -5 菜粕月间价差(5-9)(日,元/吨) -8435 主力合约持仓量:菜粕(日,手) | -46 876987 | -4 -37915 | | | 期货前20名持仓:净买单量:菜油(日,手) | -21569 | -2965 期货前20名持仓:净买单量:菜粕(日,手) | -181999 | 18706 | | | 仓单数量:菜油(日,张) | 625 | 0 仓单数量:菜粕(日,张) | 0 | 0 | | | 期货收盘价(活跃):ICE油菜籽 ...

维持高位积累趋势，供需驱动依然偏空。不过，在"反内卷"周期与PVC行业无汞化转型周期相叠加的影响 数据来源第三方，观点仅供参考。市场有风险，投资需谨慎！ | | | PVC产业日报 2026-02-12 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 收盘价:聚氯乙烯(PVC)(日,元/吨) | 4938 | -52 成交量:聚氯乙烯(PVC)(日,手) | 815778 | -88754 | | | 持仓量:聚氯乙烯(PVC)(日,手) | 1101478 | -9805 期货前20名持仓:买单量:聚氯乙烯(日,手) | 1069537 | -10791 | | | 前20名持仓:卖单量:聚氯乙烯(日,手) | 1186526 | -7436 前20名持仓:净买单量:聚氯乙烯(日,手) | -116989 | -3355 | | 现货市场 | 华东:PVC:乙烯法(日,元/吨) | 4980 | 0 华东:PVC:电石法(日,元/吨) | 4753.7 | 9.26 | | | 华 ...

数据来源第三方，观点仅供参考。市场有风险，投资需谨慎！ 不锈钢产业日报 2026-02-12 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:不锈钢(日,元/吨) | 13970 | -70 03-04月合约价差:不锈钢(日,元/吨) | -125 | -20 | | | 期货前20名持仓:净买单量:不锈钢(日,手) | -8994 | -36 主力合约持仓量:不锈钢(日,手) | 100602 | 67975 | | | 仓单数量:不锈钢(日,吨) | 55313 | 762 | | | | 现货市场 | 304/2B卷:切边:无锡(日,元/吨) | 14650 | 0 市场价:废不锈钢304:无锡(日,元/吨) | 9350 | 0 | | | 基差:不锈钢(日,元/吨) | 300 | 70 | | | | 上游情况 | 电解镍产量(月,吨) | 29430 | 1120 镍铁产量合计(月,万金属吨) | 2.14 | -0.07 | | | 进口数量:精炼 ...

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Viewpoints - Scale farms are increasing the weight - reducing slaughter, leading to a loose supply before the festival. Based on the analysis of the number of fertile sows and newborn piglets, the supply for slaughter in the next two months is relatively sufficient. On the demand side, the pre - festival stocking is coming to an end this week. The increase in consumption is less than the increase in supply, and the expected weakening of demand after the Spring Festival weakens the support for prices. Overall, the game between supply and demand continues, and considering that the increase in supply exceeds the demand, the pig price will still be under pressure. On the futures market, the main pig 2605 contract rose 0.13%, with two consecutive trading days of position reduction, and it will fluctuate before the festival [2] Group 3: Summary by Relevant Catalogs Futures Market - The closing price of the main futures contract for live pigs is 11,540 yuan/ton, down 15 yuan; the position volume of the main contract is 141,128 lots, down 6,442 lots; the number of warehouse receipts is 1,027 lots, up 300 lots; the net long position of the top 20 futures holders is - 47,152 lots, down 777 lots [2] Spot Market - The live pig price in Zhumadian, Henan is 12,200 yuan/ton, up 200 yuan; in Siping, Jilin is 11,400 yuan/ton, unchanged; in Yunfu, Guangdong is 11,700 yuan/ton, unchanged. The main basis of live pigs is 660 yuan/ton, up 215 yuan [2] Upstream Situation - The national live pig inventory is 42,9670,000 heads, down 7130,000 heads; the national fertile sow inventory is 3,9610,000 heads, down 290,000 heads [2] Industry Situation - The year - on - year growth rate of CPI is 0.2%, down 0.6 percentage points; the spot price of soybean meal in Zhangjiagang is 3,080 yuan/ton, unchanged; the spot price of corn is 2,372.16 yuan/ton, up 1.77 yuan; the DCE pig feed cost index is 923.35, up 2.65; the monthly output of feed is 30,086,000 tons, up 307,000 tons; the price of binary fertile sows is 1,431 yuan/head, unchanged; the breeding profit of purchased piglets is 91.42 yuan/head, down 32.71 yuan; the breeding profit of self - bred and self - raised pigs is - 38.09 yuan/head, down 63.19 yuan; the monthly import volume of pork is 60,000 tons, unchanged; the average price of white - striped chicken in the main producing areas is 14 yuan/kg, up 0.3 yuan [2] Downstream Situation - The slaughter volume of designated live pig slaughtering enterprises is 4,8910,000 heads, up 9340,000 heads; the monthly retail sales of social consumer goods in the catering industry is 573.8 billion yuan, down 3.19 billion yuan [2] Industry News - According to the sample data of key breeding enterprises from Shanghai Ganglian, on February 12, 2026, the daily national live pig slaughter volume of key breeding enterprises was 332,976 heads, a 5.25% reduction from the previous day [2]

| 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | JM主力合约收盘价（日，元/吨） | 1120.00 | -3.50↓ J主力合约收盘价（日，元/吨） | 1664.00 | -3.00↓ | | | JM期货合约持仓量（日，手） | 617345.00 | -24712.00↓ J期货合约持仓量（日，手） | 40629.00 | +433.00↑ | | | 焦煤前20名合约净持仓（日，手） | -86186.00 | +5019.00↑ 焦炭前20名合约净持仓（日，手） | -369.00 | -19.00↓ | | | JM9-5月合约价差（日，元/吨） | 80.00 | 0.00 J9-5月合约价差（日，元/吨） | 75.00 | 0.00 | | | 焦煤仓单（日，张） | 2000.00 | +300.00↑ 焦炭仓单（日，张） | 1380.00 | 0.00 | | | 干其毛都蒙5原煤（日，元/吨） | 1018.00 | 0.00 唐山一级冶金焦（日，元/吨 ...

Report Summary 1. Report Industry Investment Rating - Not mentioned in the report 2. Core Viewpoints - The US January non - farm report was overall strong, pushing back traders' expectations of the first interest rate cut from June to July. China's January CPI year - on - year increase fell to 0.2%, and PPI year - on - year decline narrowed to 1.4%. It's expected that Shanghai Tin will experience short - term shock adjustments, with attention on the 400,000 - yuan resistance level [3] 3. Summary by Relevant Catalog 3.1 Futures Market - The closing price of the futures main contract of Shanghai Tin was 391,320 yuan/ton, down 3,380 yuan; the closing price of the March - April contract of Shanghai Tin was down 480 yuan, with a 320 - yuan increase in the difference. LME 3 - month tin was 50,065 US dollars/ton, up 835 US dollars. The main contract position of Shanghai Tin was 28,260 lots, down 3,027 lots. The net position of the top 20 futures of Shanghai Tin was - 6,462 lots, down 973 lots. LME tin total inventory was 7,550 tons, up 120 tons. The inventory of Shanghai Futures Exchange was 8,750 tons, down 1,718 tons. LME tin cancelled warrants were 375 tons, down 25 tons. The warehouse receipts of Shanghai Futures Exchange were 10,296 tons, up 3,780 tons [3] 3.2 Spot Market - The SMM 1 tin spot price was 391,650 yuan/ton, up 2,950 yuan; the Yangtze River Non - ferrous Market 1 tin spot price was 394,110 yuan/ton, up 6,160 yuan. The basis of the Shanghai Tin main contract was 330 yuan/ton, up 6,330 yuan. LME tin premium (0 - 3) was - 152 US dollars/ton, up 7 US dollars [3] 3.3 Upstream Situation - The import volume of tin ore concentrates was 17,600 tons, up 2,500 tons. The average price of 40% tin concentrates was 377,650 yuan/ton, up 2,950 yuan; the average processing fee was 14,500 yuan/ton, unchanged. The average price of 60% tin concentrates was 381,650 yuan/ton, up 2,950 yuan; the average processing fee was 10,500 yuan/ton, unchanged [3] 3.4 Industry Situation - The monthly output of refined tin was 14,000 tons, down 1,600 tons; the import volume of refined tin was 2,239.1 tons, up 323.25 tons [3] 3.5 Downstream Situation - The price of 60A solder bars in Gejiu was 248,370 yuan/ton, up 2,000 yuan. The cumulative output of tin - plated sheets (strips) was 1.5287 million tons, up 138,700 tons. The export volume of tin - plated sheets was 142,900 tons, down 45,000 tons [3] 3.6 Industry News - Li Qiang called for comprehensively promoting AI technological innovation, industrial development and application. China's January CPI year - on - year increase fell from 0.8% to 0.2% due to the lunar new year month shift and international oil price changes; January PPI year - on - year decline narrowed to 1.4%. The US added 130,000 non - farm jobs in January [3] 3.7 Fundamental Analysis - On the supply side, Myanmar's resumption of production and the end of the rainy season led to an increase in domestic tin ore imports, with a continued increase expected in Q1, and a slight rise in tin ore processing fees. On the smelting side, most enterprises' raw material inventory was low, in a loss - making situation, and refined tin production was limited due to more year - end overhauls, but there was pressure for production to rebound after the Spring Festival. In terms of imports, Indonesia's tin exports increased, and the import window gradually opened, increasing import pressure. On the demand side, the development of the AI field will drive a significant increase in solder demand. Recently, tin prices rebounded, inventory increased, and the spot premium was maintained at 2,000 yuan/ton; LME inventory remained stable, and the spot premium rebounded [3] 3.8 Technical Analysis - Positions remained stable, prices were adjusted, and the trading between long and short positions became less active [3]

碳酸锂产业日报 2026/2/12 | 项目类别 | 数据指标 最新 环比 数据指标 | | | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | | 主力合约收盘价（日，元/吨） | 149,420.00 | -840.00↓ 前20名净持仓（日，手） | -106,902.00 | -1086.00↓ | | 期货市场 | 主力合约持仓量（日，手） | 353,975.00 | -2556.00↓ 近远月合约价差（日，元/吨） | -3,400.00 | -1940.00↓ | | | 广期所仓单（日，手/吨） | 37,282.00 | +1755.00↑ | | | | 现货市场 | 电池级碳酸锂平均价（日，元/吨） | 138,000.00 | +2000.00↑ 工业级碳酸锂平均价（日，万元/吨） | 139,000.00 | +4500.00↑ | | | Li₂CO₃主力合约基差（日，元/吨） | -11,420.00 | +2840.00↑ | | | | 上游情况 | 锂辉石精矿(6%CIF中国)平均价（日，美元/吨） | 1,950.00 ...

沪铜产业日报 2026/2/12 数据来源第三方，观点仅供参考。市场有风险，投资需谨慎！ 研究员: 陈思嘉 期货从业资格号F03118799 期货投资咨询从业证书号Z0022803 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任何保证，据此投资，责任自负。本报告不构成个人投资建议，客户 应考虑本报告中的任何意见或建议是否符合其特定状况。本报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为瑞 达研究瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | | 期货主力合约收盘价:沪铜(日,元/吨) | 102,330.00 | +150.00↑ LME3个月铜(日,美元/吨) | 13,245.00 | +78.50↑ | | 期货市场 | 主力合约隔月价差(日,元/吨) | -350.00 | -70.0 ...