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 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。 铝类产业日报 2026/2/11 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | | 沪铝主力合约收盘价(日,元/吨) | 23,660.00 | +145.00↑ 氧化铝期货主力合约收盘价(日,元/吨) | 2,842.00 | +7.00↑ | | | 主力-连二合约价差:沪铝(日,元/吨) | -145.00 | +20.00↑ 主力-连二合约价差:氧化铝(日,元/吨) | -133.00 | +7.00↑ | | | 主力合约持仓量:沪铝(日,手) | 174,403.00 | -10383.00↓ 主力合约持仓量:氧化铝(日,手) | 312,145.00 | -9395.00↓ | | | LME铝注销仓单(日,吨) | 46,325.0 ...

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。 持稳定。长假临近，短期注意风险控制。 研究员: 王翠冰 期货从业资格号F03139616 期货投资咨询从业证书号Z0021556 苹果产业日报 2026-02-11 免责声明 | 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:苹果(日,元/吨) 101 主力合约持仓量:苹果(日,手) 期货前20名持仓:净买单量:苹果(日,手) | 9601 9580 | 3033 | | 102648 | 7854 | | 现货市场 | 甘肃静宁苹果现货价格(纸袋7 ...

| 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 郑棉主力合约收盘价(日,元/吨) | 14745 | 90 棉纱主力合约收盘价(日,元/吨) | 20590 | 150 | | | 棉花期货前20名净持仓(手) | -121791 | -1663 棉纱期货前20名净持仓(手) | -925 | 136 | | | 主力合约持仓量:棉花(日,手) | 696412 | -3860 主力合约持仓量:棉纱(日,手) | 11468 | -438 | | | 仓单数量:棉花(日,张) 中国棉花价格指数:CCIndex:3128B(日,元 | 10746 | 60 仓单数量:棉纱(日,张) | 0 | 0 | | | | 16029 | 41 中国纱线价格指数:纯棉普梳纱32支(日, | 21520 | 0 | | | /吨) 中国进口棉价格指数:FCIndexM:1%关税( | | 元/吨) 到港价:进口棉纱价格指数:纯棉普梳纱32 | | | | 现货市场 | | 12418 | 0 | ...

1. Report Industry Investment Rating - Not provided in the content 2. Core Viewpoint of the Report - On Wednesday, the I2605 contract reduced positions and consolidated. Macroeconomically, US President Trump is considering sending another US aircraft carrier strike group to the Middle East for possible military action if negotiations with Iran fail. In terms of supply and demand, the shipping and arrival volumes of Australian and Brazilian iron ore decreased this period, the blast furnace operating rate of steel mills was stable, and molten iron production remained below 2.3 million tons. Iron ore port inventory reached a new high. Overall, as the Spring Festival holiday approaches, steel mills have less restocking demand. Recently, Australia was affected by a hurricane, and the shipping volume decreased significantly. At the same time, the central bank's report reiterated moderate easing, and the market may fluctuate. Technically, the 1 - hour MACD indicator of the I2605 contract shows that DIFF and DEA rebounded from low levels. It is recommended for short - term trading and attention should be paid to risk control [2] 3. Summary by Relevant Catalogs Futures Market - The closing price of the I main contract is 762.50 yuan/ton, up 1.00 yuan; the position volume of the I main contract is 506,957 hands, down 6,983 hands; the I 5 - 9 contract spread is 17.5 yuan/ton, unchanged; the net position of the top 20 in the I contract is - 22,383 hands, down 5,244 hands; the Dalian Commodity Exchange warehouse receipt of I is 2,900 hands, unchanged; the Singapore iron ore main contract's 15:00 quote is 99.9 US dollars/ton, down 0.28 US dollars [2] Spot Market - The price of 61.5% PB powder ore at Qingdao Port is 823 yuan/dry ton, up 2 yuan; the price of 60.5% Mac fine ore at Qingdao Port is 812 yuan/dry ton, up 3 yuan; the price of 56.5% Super Special fine ore at Jingtang Port is 723 yuan/dry ton, up 2 yuan; the basis of the I main contract (Mac fine dry ton - main contract) is 49 yuan, up 2 yuan; the 62% Platts iron ore index (previous day) is 100.20 US dollars/ton, unchanged; the ratio of Jiangsu scrap steel to 60.5% Mac fine ore at Qingdao Port is 3.23, down 0.03; the estimated import cost is 801 yuan/ton, unchanged [2] Industry Situation - The global iron ore shipping volume (weekly) is 2,535.30 million tons, down 559.30 million tons; the arrival volume at 47 ports in China (weekly) is 2,455.60 million tons, down 213.60 million tons; the iron ore inventory at 47 ports (weekly) is 17,914.68 million tons, up 156.42 million tons; the iron ore inventory of sample steel mills (weekly) is 10,316.64 million tons, up 348.05 million tons; the iron ore import volume (monthly) is 11,965.00 million tons, up 911.00 million tons; the available days of iron ore (weekly) is 32 days, up 3 days; the daily output of 266 mines (weekly) is 38.51 million tons, down 1.05 million tons; the operating rate of 266 mines (weekly) is 61.27%, down 1.67%; the iron concentrate inventory of 266 mines (weekly) is 39.07 million tons, down 2.71 million tons; the BDI index is 1,882.00, down 13.00; the iron ore freight rate from Tubarao, Brazil to Qingdao is 22.35 US dollars/ton, down 0.64 US dollars; the iron ore freight rate from Western Australia to Qingdao is 7.944 US dollars/ton, down 0.12 US dollars [2] Downstream Situation - The blast furnace operating rate of 247 steel mills (weekly) is 79.55%, up 0.53%; the blast furnace capacity utilization rate of 247 steel mills (weekly) is 85.71%, up 0.26%; the domestic crude steel output (monthly) is 6,818 million tons, down 169 million tons [2] Option Market - The 20 - day historical volatility of the underlying (daily) is 15.22%, down 0.03%; the 40 - day historical volatility of the underlying (daily) is 16.80%, down 0.18%; the implied volatility of at - the - money call options (daily) is 19.68%, up 0.18%; the implied volatility of at - the - money put options (daily) is 18.12%, down 0.47% [2] Industry News - From February 2nd to February 8th, 2026, Mysteel's global iron ore shipping volume was 2,535.3 million tons, a week - on - week decrease of 559.3 million tons. The shipping volume of iron ore from Australia and Brazil was 1,948.9 million tons. The arrival volume at 47 ports in China was 2,455.6 million tons, a week - on - week decrease of 213.6 million tons; the arrival volume at 45 ports in China was 2,361.3 million tons, a week - on - week decrease of 123.4 million tons; the arrival volume at six northern ports was 1,264.0 million tons, a week - on - week decrease of 24.7 million tons. Australia's shipping volume was 1,279.8 million tons, a week - on - week decrease of 540.6 million tons, and the volume shipped from Australia to China was 1,097.5 million tons, a week - on - week decrease of 521.6 million tons. Brazil's shipping volume was 669.0 million tons, a week - on - week decrease of 31.5 million tons [2]

整。盘面来看，玉米今日增仓上涨，市场氛围有所转强，临近春节观望为主。 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。 玉米系产业日报 2026-02-11 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货收盘价(活跃合约):(日,元/吨) | 2316 -15 | 30 玉米淀粉期货收盘价(活跃合约):(日,元/ 7 玉米淀粉月间价差(3-5):(日,元/吨) | 2571 -66 | 24 -5 | | | 玉米月间价差(5-9):(日,元/吨) | | 吨) | | | | | 期货持仓量(活跃合约):黄玉米(日 ...

1. Report Industry Investment Rating - No information provided in the report 2. Core Viewpoints of the Report - On Wednesday, most prices of the container shipping index (European line) futures declined, with the main contract EC2604 closing down 4.57%. The latest SCFIS European line settlement freight index was 1657.94, down 134.2 points from last week, a 7.5% week - on - week decline [2] - The cancellation of full - tax refunds for photovoltaic products is expected to lead to a rush for shipping, which will boost long - term contract cargo volume. However, after the trading sentiment stabilizes, the increase brought by the news will be reversed [2] - China's foreign trade level in December 2025 rebounded unexpectedly, with both imports and exports improving significantly, possibly related to the cancellation of value - added tax export rebates for some commodities and pre - holiday rush exports. China's exports are expected to maintain a high growth rate in 2026 [2] - Although some shipping companies have announced price increases for Asia - to - Northwest Europe and the Mediterranean routes, due to the unchanged supply - demand pattern, the implementation may fall short of expectations [2] - The resumption of the IMX/ME11 route in the Red Sea Canal by Maersk and Hapag - Lloyd has actual execution risks, and the actual effect remains to be seen [2] - The market is optimistic about the economic recovery of the eurozone, and inflation is approaching the target level, supporting the expectation that the European Central Bank will keep interest rates unchanged in the foreseeable future [2] - The current freight market is greatly affected by seasonal demand. Investors are advised to be cautious, pay attention to the operation rhythm and risk control, and track geopolitical, shipping capacity and cargo volume data in a timely manner [2] 3. Summary by Relevant Catalogs 3.1 Futures Market Data - EC main contract closing price: 1177.900, down 17.0; EC second - main contract closing price: 1501, down 14.10 [2] - EC2604 - EC2606 spread: - 323.10, down 2.30; EC2604 - EC2608 spread: - 403.10, down 5.80 [2] - EC contract basis: + 1.10, at 480.04 [2] - EC main contract open interest: 33027 lots, down 872 [2] 3.2 Spot Market Data - SCFIS (European line) (weekly): 1657.94, down 134.20; SCFIS (US West Coast line) (weekly): 1,155.66, up 54.26 [2] - SCFI (composite index) (weekly): 1266.56, down 50.19; Container ship capacity (in 10,000 TEUs): 1,227.97, down 0.10 [2] - CCFI (composite index) (weekly): 1122.15, down 53.44; CCFI (European line) (weekly): 1,535.03, down 39.66 [2] - Baltic Dry Index (daily): 1882.00, up 13.00; Panamax Freight Index (daily): 1,670.00, down 22.00 [2] - Average charter price of Panamax ships: 0.00, unchanged; Average charter price of Capesize ships: 18,955.00, down 750.00 [2] 3.3 Industry News - US President Trump is considering sending another aircraft carrier strike group to the Middle East if negotiations with Iran fail. The second round of US - Iran talks is expected to be held next week [2] - Fed officials Logan and Hamark believe that the Fed's policy stance is close to neutral and may remain unchanged for a long time if inflation falls and the labor market stabilizes [2] - The People's Bank of China will continue to implement a moderately loose monetary policy, use various policy tools such as reserve requirement ratio cuts and interest rate cuts, and conduct regular treasury bond trading operations [2] 3.4 Key Data to Watch - UK Q4 GDP annual rate preliminary value at 15:00 on February 12 [2] - UK December manufacturing output monthly rate at 15:00 on February 12 [2] - US initial jobless claims for the week ending February 7 (in 10,000 people) at 21:30 on February 12 [2]

铂钯金期货日报 2026/2/11 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 铂金主力合约收盘价（日，元/克） | 551.15 | 10.35↑ 钯金主力合约收盘价（日，元/克） | 439.10 | +7.25↑ | | | 主力合约持仓量:铂金(日,手) | 10387.00 | -277.00↓ 主力合约持仓量:钯金(日,手) | 3179.00 | +90.00↑ | | 现货市场 | 上金所铂金现货价（Pt9995） | 545.38 | -4.09↓ 长江钯金现货平均价 | 414.00 | -6.00↓ | | | 铂金主力合约基差(日,元/克) | -5.77 | -14.44↓ 钯金主力合约基差(日,元/克) | -25.10 | -13.25↓ | | 供需情况 | 铂金CFTC非商业多头持仓（周，张） 9966.00 | | -243.00↓ 钯金CFTC非商业多头持仓（周，张） | 3003.00 | -342.00↓ | | | 供应量:铂金:总计( ...

白糖产业日报 2026-02-11 | 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:白糖(日,元/吨) | 5266 | -12 主力合约持仓量:白糖(日,手) | 451856 | -6579 | | 期货市场 | 仓单数量:白糖(日,张) | 14461 | 0 期货前20名持仓:净买单量:白糖(日,手) | -61760 | 1554 | | | 有效仓单预报:白糖:小计(日,张) | 258 | 0 | | | | | 进口加工估算价(配额内):巴西糖(日,元/ | 3957 | 45 进口加工估算价(配额内):泰国糖(日,元/ | 3948 | 45 | | 吨) 现货市场 | 进口巴糖估算价(配额外,50%关税)(日,元 | | 吨) | | | | | | 5010 | 60 进口泰糖估算价(配额外,50%关税)(日,元 | 4997 | 59 | | /吨) | 云南昆明白糖现货价格(日,元/吨) | 5175 | /吨) 0 广西南宁白糖现货价格(日,元/ ...

红枣产业日报 2026-02-11 | 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:红枣(日,元/吨) | 8895 | 225 主力合约持仓量:红枣(日,手) | 113589 | -9585 127 | | | 期货前20名持仓:净买单量:红枣(日,手) | -15001 | 5210 仓单数量:红枣(日,张) | 3673 | | | | 有效仓单预报:红枣:小计(日,张) | 445 | -127 | | | | 现货市场 | 喀什红枣统货价格(日,元/公斤) | 6.5 | 0 河北一级灰枣批发价格(日,元/斤) | 3.95 | -0.15 | | | 阿拉尔红枣统货价格(日,元/公斤) | 5.65 | 0 河南一级灰枣批发价格(日,元/斤) | 4.15 | 0 | | | 阿克苏红枣统货价格(日,单位:元/公斤) | 5.15 | 0 河南红枣特级价格(元/公斤) | 9.5 | 0.06 | | | 河北红枣特级价格(元/公斤) | 9.17 ...

菜籽系产业日报 2026-02-11 力逐步增加，且当下市场预期仍维持菜系进口或将恢复，我国新增加菜籽采购，供应增加预期得到强化。盘面来看，受加菜籽买船 消息影响，菜油仍受牵制，近期市场波动加剧，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 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 | | --- | --- | --- | --- | --- | | 期货收盘价(活跃合约):菜籽油(日,元/吨) | 9131 | 35 期货收盘价(活跃合约):菜籽粕(日,元/吨) | 2288 | 44 | | 菜油月间差 ...