1. Report Industry Investment Rating - Not provided 2. Core View of the Report - The domestic caustic soda supply - demand situation is bearish, but due to the low chlor - alkali profit and strong price - holding intention of enterprises, the further downward space of caustic soda prices may be limited. Attention should be paid to the future changes in liquid chlorine prices. The daily range of SH2603 is expected to be around 1900 - 2000 [3][4] 3. Summary by Relevant Catalogs 3.1 Futures Market - The main closing price of caustic soda is 1963 yuan/ton, with a month - on - month increase of 26; the main contract position is 132,674 lots, with a month - on - month decrease of 21,432; the net position of the top 20 futures is - 17,052 lots, with a month - on - month increase of 2,384; the main contract trading volume is 447,987 lots, with a month - on - month decrease of 138,115. The closing price of the January contract is 2,404 yuan/ton, with a month - on - month increase of 21; the closing price of the May contract is 2,163 yuan/ton, with a month - on - month increase of 34 [3] 3.2 Spot Market - The price of 32% ion - membrane caustic soda is 588 yuan/ton in Shandong and 720 yuan/ton in Jiangsu, with no month - on - month change. The converted price of 32% caustic soda in Shandong is 1,838 yuan/ton, with no month - on - month change. The basis is - 125 yuan/ton, with a month - on - month decrease of 26 [3] 3.3 Upstream Situation - The mainstream price of raw salt is 237.5 yuan/ton in Shandong and 220 yuan/ton in the Northwest, with no month - on - month change. The price of steam coal is 643 yuan/ton, with no month - on - month change [3] 3.4 Industry Situation - The mainstream price of liquid chlorine is 50 yuan/ton in Shandong, with no month - on - month change, and 200 yuan/ton in Jiangsu, with a month - on - month decrease of 50 [3] 3.5 Downstream Situation - The spot price of viscose staple fiber is 12,800 yuan/ton, with no month - on - month change, and the spot price of alumina is 2,555 yuan/ton, with no month - on - month change [3] 3.6 Industry News - From January 30 to February 5, the average capacity utilization rate of Chinese caustic soda sample enterprises with a capacity of 100,000 tons and above was 87.8%, a month - on - month increase of 0.1%. From January 31 to February 6, the alumina operating rate decreased by 0.71% month - on - month to 84.06%. From January 30 to February 5, the viscose staple fiber operating rate remained stable at 88.43% month - on - month, and the printing and dyeing operating rate decreased by 22.74% month - on - month to 27.91%. As of February 5, SH2603 rose 3.26% to close at 1,963 yuan/ton. The inventory of fixed liquid caustic soda sample enterprises with a capacity of 200,000 tons and above in the country was 471,400 tons (wet tons), a month - on - month decrease of 9.41% and a year - on - year increase of 2.97%. From January 30 to February 5, the chlor - alkali profit in Shandong was - 3 yuan/ton, a month - on - month decrease of 121 yuan/ton [3]

1. Report Industry Investment Rating - No information provided in the report 2. Core Viewpoints of the Report - On Tuesday, most futures prices of the Container Shipping Index (European Line) declined, with the main contract EC2604 closing down 4.57%. The latest SCFIS European Line settlement freight rate index was 1657.94, down 134.2 points from last week, a 7.5% week - on - week decrease [1] - The cancellation of full VAT export tax refunds for photovoltaic products is expected to lead to a rush of shipments, boosting long - term contract cargo volume. However, after the trading sentiment stabilizes, the price increase may be reversed [1] - China's foreign trade in December 2025 rebounded unexpectedly, with both imports and exports improving significantly, possibly related to the cancellation of VAT export tax refunds for some commodities and pre - holiday rush exports [1] - Spot freight rates: From February 4th, shipping companies such as MSC, CMA, COSCO, and HPL announced price increases for routes from Asia to Northwest Europe and the Mediterranean, but the implementation may fall short of expectations due to the unchanged supply - demand pattern [1] - Geopolitical aspect: Maersk and Hapag - Lloyd announced the resumption of the IMX/ME11 route through the Red Sea Canal from mid - February, but there are risks in actual implementation [1] - The market is moderately optimistic about the economic recovery in the Eurozone, with inflation approaching the target level, supporting the expectation that the European Central Bank will keep interest rates unchanged in the foreseeable future [1] - Currently, the freight rate 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 [1] 3. Summary by Relevant Catalogs 3.1 Futures Market Data - EC main contract closing price: 1179.000, down 56.4; EC sub - main contract closing price: 1499.8, down 37.5 [1] - EC2604 - EC2606 spread: - 320.80, down 5.80; EC2604 - EC2608 spread: - 397.30, down 20.50 [1] - EC contract basis: 478.94, up 59.00 [1] - EC main contract open interest: 33899, up 2767 [1] 3.2 Spot Market Data - SCFIS (European Line) (weekly): 1657.94, down 134.20; SCFIS (US West Coast Line) (weekly): 1155.66, up 54.26 [1] - SCFI (composite index) (weekly): 1266.56, down 50.19; container ship capacity (10,000 TEUs): 1227.97, up 0.71 [1] - CCFI (composite index) (weekly): 1122.15, down 53.44; CCFI (European Line) (weekly): 1535.03, down 39.66 [1] - Baltic Dry Index (daily): 1923.00, down 28.00; Panama Freight Index (daily): 1652.00, down 4.00 [1] - Average charter price (Panamax ship): 0.00, up 0.00; average charter price (Capesize ship): 21150.00, up 1445.00 [1] 3.3 Industry News - The United States is planning to lower the so - called reciprocal tariffs on Bangladeshi goods and provide new exemptions for textiles. President Trump will reduce the overall reciprocal tariff on Bangladesh to 19%, after lowering it from 37% to 20% last year [1] - A "black swan" event occurred in British politics. Due to the Epstein case involving the former British Ambassador to the United States, Mandelson, the Chief of Staff of the British Prime Minister, Morgan Maxwell, and the Public Relations Director, Tim Allen, resigned respectively. The leader of the Scottish Labour Party publicly called on Prime Minister Starmer to resign, but the Prime Minister's office spokesperson said Starmer would not resign [1] - The Shanghai, Shenzhen, and Beijing Stock Exchanges announced a package of measures to optimize refinancing, focusing on high - quality listed companies and the science and technology innovation field [1]

| 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) | 5278 | 17 主力合约持仓量:白糖(日,手) | 458435 | 4522 | | 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) | -63314 | 1744 | | | 有效仓单预报:白糖:小计(日,张) 进口加工估算价(配额内):巴西糖(日,元/ | 258 | 0 | | | | 现货市场 | 吨) | 3957 5010 | 45 进口加工估算价(配额内):泰国糖(日,元/ 60 进口泰糖估算价(配额外,50%关税)(日,元 | 3948 4997 | 45 59 | | | 进口巴糖估算价(配额外,50%关税)(日,元 | | 吨) | | | | | /吨) 云南昆明白糖现货价格(日,元/吨) | 5175 | /吨) 20 广西南宁白糖现货价格(日,元/吨) | 5330 | 20 | | | 广西柳州白糖现货价(日, ...

| 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) -55 主力合约持仓量:红枣(日,手) | 8670 | | 123174 | 2458 196 | | | 期货前20名持仓:净买单量:红枣(日,手) -404 仓单数量:红枣(日,张) | -20211 | | 3546 | | | | 有效仓单预报:红枣:小计(日,张) -196 | 572 | | | | | 现货市场 | 喀什红枣统货价格(日,元/公斤) 0 河北一级灰枣批发价格(日,元/斤) | 6.5 | | 4.1 | 0 | | | 阿拉尔红枣统货价格(日,元/公斤) 0 河南一级灰枣批发价格(日,元/斤) | 5.65 | | 4.15 | 0 | | | 阿克苏红枣统货价格(日,单位:元/公斤) 0 河南红枣特级价格(元/公斤) | 5.15 | | 9.44 | 0 | | | 河北红枣特级价格(元/公斤) 0 广东红枣特级价格(日,元/公斤) | 9.2 | | 10 | ...

| 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:苹果(日,元/吨) | 期货市场 | 9500 -17 主力合约持仓量:苹果(日,手) | 94794 | -7593 | | 期货前20名持仓:净买单量:苹果(日,手) | | 6547 -77 | | | | 甘肃静宁苹果现货价格(纸袋75#以上)(日, | 现货市场 | 山东沂源苹果现货价格(纸袋75#以上)(日, 5.25 0 | 2.4 | 0 | | 元/斤) | | 陕西洛川苹果现货价格(纸袋70#以上半 元/斤) 山东烟台栖霞现货价格(纸袋80#以上一 | | | | 4.2 | | 0 | 3.7 | 0 | | 商品)(日,元/斤) | 上游情况 | 二级果农货)(日,元/斤) 全国:苹果产量(年,万吨) 5128.51 168.34 水果批发价:苹果(周,元/公斤) 9.55 0.08 平均批发价:富士苹果(周,元/公斤) | 9.29 | -0.04 | | 全国苹果冷库总库存(周,万吨) | | 619.81 -34.2 ...

| | | 生猪产业日报 2026-02-10 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 环比 数据指标 | 最新 | | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货盘面 | 期货主力合约收盘价:生猪(日,元/吨) | 11470 | -95 主力合约持仓量:生猪(日,手) | 149549 | 1842 | | | 仓单数量:生猪(日,手) | 727 | 0 期货前20名持仓:净买单量:生猪(日,手) | -48698 | -1981 | | 现货价格 | 生猪价 河南 驻马店(日,元/吨) | 12300 | -200 生猪价 吉林 四平(日,元/吨) | ...

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 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 2026/2/10 | 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) | 23,515.00 | -25.00↓ 氧化铝期货主力合约收盘价(日,元/吨) | 2,835.00 | -33.00↓ | | | 主力-连二合约价差:沪铝(日,元/吨) | -165.00 | 0.00 主力-连二合约价差:氧化铝(日,元/吨) | -140.00 | -32.00↓ | | | 主力合约持仓量:沪铝(日,手) | 184,786.00 | -12853 ...

重点关注 待定 中国1月金融数据 2/10 21:30 美国1月零售销售、核心零售销售 2/11 9:30 中国1月CPI、PPI 2/11 21:30 美国1月非农就业人数、失业率、劳动参与率 2/13 21:30 美国1月CPI、核心CPI 数据来源第三方，观点仅供参考。市场有风险，投资需谨慎！ 备注：IF:沪深300 IH:上证50 IC:中证500 IM：中证1000 IO:沪深300期权 股指期货全景日报 2026/2/10 | 项目类别 | 数据指标 最新 环比 数据指标 最新 IF主力合约（2603） | 4724.0 | +6.2↑ IF次主力合约（2602） | 4728.2 | 环比 +9.6↑ | | --- | --- | --- | --- | --- | --- | | | IH主力合约（2603） | 3093.6 | +11.4↑ IH次主力合约（2602） | 3092.8 | +12.2↑ | | | IC主力合约（2603） | 8290.8 | -11.4↓ IC次主力合约（2602） | 8309.0 | -6.4↓ | | | IM主力合约（2603） | 8229 ...

1. Report Industry Investment Rating - No information provided in the given content. 2. Core Viewpoints - The previous replenishment was relatively low, so the current pressure of new egg - laying hens is not significant, and the egg - laying hen inventory will continue to decline. However, the current in - production inventory is still at a high level. The pre - festival stocking is coming to an end, the sales are stable, and the supply and demand are relatively balanced. The breeding side has good profits and a strong willingness to hold prices. Supported by good profits, the enthusiasm for chick replenishment has increased, while the enthusiasm for culling old hens has slightly slowed down, weakening the expectation of inventory decline. From the perspective of the futures market, restricted by the high - inventory pressure and the expectation of egg price decline after the Spring Festival, the futures price has also weakened, increasing market volatility. It is recommended to participate in the short - term [2]. 3. Summary by Relevant Catalogs 3.1 Futures Market - The futures closing price of the active egg contract is 2,911 yuan per 500 kilograms, with a week - on - week increase of 2 [2]. - The net long position of the top 20 futures holders of eggs is -7,652 lots, with a week - on - week increase of 1,623 [2]. - The egg futures spread between the May and September contracts is -470 yuan per 500 kilograms, with a week - on - week increase of 13 [2]. - The futures trading volume of the active egg contract is 123,275 lots, with a week - on - week decrease of 16,190 [2]. - The registered warehouse receipt volume of eggs is 0 lots, with no week - on - week change [2]. 3.2现货市场 - The spot price of eggs is 3.44 yuan per catty, with no week - on - week change [2]. - The basis (spot - futures) is 527 yuan per 500 kilograms, with a week - on - week decrease of 2 [2]. 3.3 Upstream Situation - The national laying - hen inventory index (monthly, 2015 = 100) is 109.28, with a month - on - month decrease of 2.75 [2]. - The national culled laying - hen index (monthly, 2015 = 100) is 124.98, with a month - on - month increase of 23.8 [2]. - The average price of laying - hen chicks in the main production areas is 3.2 yuan per chick, with no week - on - week change [2]. - The national new - chick index (monthly, 2015 = 100) is 71.99, with a month - on - month decrease of 21.63 [2]. - The average price of laying - hen feed is 2.84 yuan per kilogram, with no week - on - week change [2]. - The breeding profit of laying hens is 0.03 yuan per hen, with a week - on - week decrease of 0.27 [2]. - The average price of culled hens in the main production areas is 8.86 yuan per kilogram, with a week - on - week decrease of 0.58 [2]. - The national average age of culled hens is 500 days, with no month - on - month change [2]. 3.4 Industry Situation - The average wholesale price of pork is 18.26 yuan per kilogram, with a day - on - day decrease of 0.08 [2]. - The average wholesale price of 28 key - monitored vegetables is 5.52 yuan per kilogram, with a day - on - day increase of 0.04 [2]. - The average wholesale price of dressed chickens is 17.14 yuan per kilogram, with a day - on - day decrease of 0.04 [2]. - The weekly inventory in the circulation link is 1.07 days, with a week - on - week increase of 0.02 [2]. - The weekly inventory in the production link is 1.02 days, with a week - on - week increase of 0.05 [2]. - The monthly export volume of fresh eggs is 14,898.72 tons, with a month - on - month increase of 1,853.2 [2]. 3.5 Downstream Situation - The weekly consumption volume of eggs in the sales area is 7,210 tons, with a week - on - week decrease of 165 [2]. 3.6 Industry News - The average price of eggs in Shandong, the main production area, is 6.88 yuan per kilogram, unchanged from yesterday; the average price of eggs in Hebei is 6.72 yuan per kilogram, unchanged from yesterday; the average price of eggs in Guangdong is 6.87 yuan per kilogram, unchanged from yesterday; the average price of eggs in Beijing is 7.56 yuan per kilogram, unchanged from yesterday [2]. 3.7 Key Points to Watch - There is no news today [2].

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints - The domestic pure benzene supply - demand is expected to remain in a slightly loose balance. The cost side shows that the geopolitical situation between the US and Iran has sent new signals of tension, leading to a recent strong fluctuation in WTI and Brent oil prices. The daily range of BZ2603 is expected to be around 5870 - 6140 yuan/ton [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the pure benzene futures main contract is 6034 yuan/ton, up 10 yuan; the settlement price is 6027 yuan/ton, down 29 yuan. The trading volume is 21,732 lots, down 516 lots; the open interest is 19,243 lots, down 3065 lots. The mainstream market prices of pure benzene in East China, North China, South China, and Northeast China are 6035 yuan/ton (down 15 yuan), 6120 yuan/ton (down 80 yuan), 6150 yuan/ton (unchanged), and 6066 yuan/ton (down 73 yuan) respectively [2] 3.2 Spot Market - The mainstream market prices of hydrogenated benzene in Jiangsu and Shanxi are 6225 yuan/ton (down 100 yuan) and 6050 yuan/ton (unchanged) respectively. The FOB mid - price of pure benzene in South Korea is 762 US dollars/ton, down 3 US dollars; the CFR mid - price of pure benzene in China is 763.92 US dollars/ton, down 2.91 US dollars [2] 3.3 Upstream Situation - The spot price of Brent DTD crude oil is 72.26 US dollars/barrel, up 0.87 US dollars. The CFR mid - price of naphtha in Japan is 597.88 US dollars/ton, down 4.75 US dollars [2] 3.4 Industry Situation - The capacity utilization rate of pure benzene is 75.4%, up 2.4 percentage points; the weekly output is 44.31 million tons, up 1.41 million tons. The terminal inventory of pure benzene at ports is 30.5 million tons, unchanged. The production cost of pure benzene is 5331.4 yuan/ton, up 185.4 yuan; the production profit is 647 yuan/ton, up 114 yuan [2] 3.5 Downstream Situation - The开工 rate of styrene is 69.96%, up 0.68 percentage points; the capacity utilization rate of caprolactam is 73.16%, down 0.41 percentage points; the capacity utilization rate of phenol is 86%, down 2.29 percentage points; the capacity utilization rate of aniline is 89.04%, up 0.51 percentage points; the capacity utilization rate of adipic acid is 69.1%, up 0.6 percentage points [2] 3.6 Industry News - From January 30th to February 5th, the operating rate of petroleum benzene increased 2.40% to 75.40% week - on - week, and the operating rate of hydrogenated benzene increased 0.21% to 56.47% week - on - week. - From January 31st to February 6th, the weighted operating rate of pure benzene downstream increased 0.02% to 74.95% week - on - week. - As of February 9th, the inventory of pure benzene at ports in East China was 29.7 million tons, up 0.34% from last week. - From January 30th to February 5th, the profit of domestic petroleum benzene increased 114 yuan/ton to 647 yuan/ton week - on - week [2]