数据来源第三方，观点仅供参考。市场有风险，投资需谨慎！ 场价格震荡略偏弱运行。盘面上，生猪2605合约收跌0.09%，技术性调整，上方均线压力较大。 研究员: 张昕 期货从业资格号F03109641 期货投资咨询从业证书号Z0018457 生猪产业日报 2026-02-05 | 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) | 11685 | -50 主力合约持仓量:生猪(日,手) | 144469 | -1506 | | | 仓单数量:生猪(日,手) | 647 | 0 期货前20名持仓:净买单量:生猪(日,手) | -49411 | 910 | | 现货价格 | 生猪价 河南 驻马店(日,元/吨) | 12300 | 0 生猪价 吉林 四平(日,元/吨) | 12100 | 0 | | | 生猪价 广东 云浮(日,元/吨) | 12100 | -200 生猪主力基差(日,元/吨) | 615 | 50 | | 上游情况 | 全国:生猪存栏(月 ...

数据来源第三方(同花顺、wind)，观点仅供参考，市场有风险，投资需谨慎！ 同同期。但单月广西产销数据表现较差，或限制糖价反弹。 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 免责声明 白糖产业日报 2026-02-05 | 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:白糖(日,元/吨) | 5224 | 14 主力合约持仓量:白糖(日,手) | 443522 | -8239 2765 | | | 仓单数量:白糖(日,张) | 14374 | 158 期货前20名持仓:净买单量:白糖(日,手) | -66227 | | | | 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/ | 345 | -158 75 进口加工估算价(配额内):泰国糖(日,元/ | | | | 现货市场 | | 4014 5083 | 98 进口泰糖估算价(配额外,50%关税)(日,元 | 4059 5152 | 7 ...

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints of the Report Corn - The supply - demand pattern of US corn is relatively loose, which continues to restrain the international corn market price, and there is still potential import pressure in the international market [2] - In the domestic market, over 60% of corn has been sold by farmers in the Northeast. As the Spring Festival approaches, corn market trading is gradually weakening. Most enterprises have established safety inventories and the restocking is nearing completion. The price difference between Northeast and North - China corn has narrowed, and the advantage of outward transportation has declined. Some drying towers have stopped purchasing, and the spot price is slightly weak [2] - In the North - China and Huanghuai regions, the grass - roots trading is relatively stable. Low - quality corn has been mostly sold, and traders' willingness to stock has increased. Although the arrival volume of processing enterprises has decreased, it has increased compared with the previous period. The grain source distribution is uneven, and most enterprises' pre - festival stockpiling is gradually coming to an end. The purchase price is mainly fluctuating slightly [2] - The corn futures market was previously boosted by the strong spot market and showed a strong shock. However, there is still significant upward pressure, and the short - term high has declined [2] Corn Starch - As the Spring Festival approaches, logistics is about to stop, and downstream enterprises are actively picking up goods. In addition, a few enterprises in Hebei and Henan have reduced their operating rates due to environmental protection reasons, driving the industry inventory to continue to decline. As of February 4, the total starch inventory of national corn starch enterprises was 99.50 million tons, a decrease of 3.30 million tons from the previous week, with a weekly decline of 3.21% and a year - on - year decline of 24.85% [3] - The corn starch futures price has slightly declined recently, generally maintaining a shock, and short - term observation is recommended [3] 3. Summary According to Relevant Catalogs Futures Market - Corn futures closing price (active contract): 2264 yuan/ton, with a change of - 24; corn starch futures closing price (active contract): 2517 yuan/ton, with a change of 4 [2] - Corn futures open interest (active contract): 552,893 lots, a decrease of 60,108; corn starch futures open interest (active contract): 136,878 lots, a decrease of 5,397 [2] - Net long positions of the top 20 futures holders for corn: - 128,297 lots, a decrease of 2,714; for corn starch: - 29,140 lots, a decrease of 2,400 [2] - Registered warehouse receipts for yellow corn: 53,570 lots, no change; for corn starch: 11,161 lots, no change [2] - The spread between the main CS - C contracts: 307 yuan/ton, with a change of 5 [2] External Market - CBOT corn futures closing price (active contract): 429 cents/bushel, with a change of 0.25; total CBOT corn open interest (weekly): 1,707,454 contracts, an increase of 39,668 [2] - Non - commercial net long positions in CBOT corn: - 31,671 contracts, an increase of 20,033 [2] Spot Market - Average spot price of corn: 2,368.82 yuan/ton, a decrease of 2.55; factory - quoted price of corn starch in Changchun: 2,610 yuan/ton, no change [2] - FOB price of corn at Jinzhou Port: 2,330 yuan/ton, an increase of 10; factory - quoted price of corn starch in Weifang: 2,790 yuan/ton, no change [2] - CIF price of imported corn: 2,046.77 yuan/ton, an increase of 1.86; international freight for imported corn: 54 US dollars/ton, no change [2] - Basis of the main corn contract: 104.82 yuan/ton, a decrease of 3.55; basis of the main corn starch contract: 93 yuan/ton, a decrease of 7 [2] Upstream Situation - Forecasted annual corn production in the US: 425.53 million tons; in Brazil: 131 million tons; in Argentina: 53 million tons; in China: 295 million tons; in Ukraine: 29 million tons (a decrease of 3 million tons) [2] - Forecasted sown area of corn in the US: 36.44 million hectares; in Brazil: 22.6 million hectares; in Argentina: 7.5 million hectares; in China: 44.3 million hectares [2] Industry Situation - Corn inventory at southern ports: 50.50 million tons, a decrease of 19.20 million tons; at northern ports: 180 million tons, an increase of 5 million tons [2] - Deep - processing corn inventory: 440.50 million tons, an increase of 56.70 million tons; starch enterprise weekly inventory: 99.50 million tons, a decrease of 3.30 million tons [2] - Monthly import volume of corn: 80 million tons, an increase of 24 million tons; monthly export volume of corn starch: 16,740 tons, a decrease of 200 tons [2] Downstream Situation - Monthly feed production: 3,008.60 million tons, an increase of 30.70 million tons; sample feed corn inventory days: 31.93 days, an increase of 0.61 days [2] - Deep - processing corn consumption: 138.54 million tons, an increase of 0.39 million tons; alcohol enterprise operating rate: 57.43%, an increase of 0.1%; starch enterprise operating rate: 57.79%, a decrease of 2.2% [2] - Corn starch processing profit in Shandong: - 46 yuan/ton, no change; in Hebei: 63 yuan/ton, no change; in Jilin: - 71 yuan/ton, an increase of 10 [2] Option Market - 20 - day historical volatility of corn: 8.26%, a decrease of 0.87%; 60 - day historical volatility of corn: 8.99%, a decrease of 0.02% [2] - Implied volatility of at - the - money call options for corn: 7.21%, a decrease of 1.56%; implied volatility of at - the - money put options for corn: 7.21%, a decrease of 1.56% [2] Industry News - As of Tuesday, the first - season corn harvesting in Brazil's Parana state has reached 10%, up 7 percentage points from the previous week, slightly lower than 11% in the same period last year and far lower than 36% in the same period in 2024 [2] - The US Department of Agriculture will release the weekly export sales report on Thursday. Analysts expect that the net export sales of US corn for the week ending January 29, 2026, will be between 800,000 and 2 million tons [2] Key Points to Watch - The weekly corn consumption data and the operating rate and inventory of starch enterprises from Thursday to Friday by Mysteel [3]

| 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | | 沪胶主力合约收盘价(日,元/吨) | 16385 | 205 20号胶主力合约收盘价(日,元/吨) | 13300 | 165 | | 期货市场 | 沪胶5-9差(日,元/吨) | 120 | -10 20号胶3-4价差(日,元/吨) | -20 | 20 | | | 沪胶与20号胶价差(日,元/吨) | 3085 | 0 沪胶主力合约 持仓量(日,手) | 159917 | 6412 | | | 20号胶主力合约持仓量(日,手) | 51371 | 28021 沪胶前20名净持仓 | -41091 | 965 | | | 20号胶前20名净持仓 | -9639 | -1244 沪胶交易所仓单(日,吨) | 111570 | 700 | | | 20号胶交易所仓单(日,吨) | 50600 | -303 | | | | | 上海市场国营全乳胶(日,元/吨) 泰标STR20(日,美元/吨) | 16100 1945 | 200 上海市场越南3L(日 ...

| 集运指数（欧线）期货日报 | | | | 2026/2/4 | | | --- | --- | --- | --- | --- | --- | | 项目类别 数据指标 最新 | 最新 | 环比 数据指标 | | 环比 | | | EC主力收盘价 1247.600 | | 26.8↑ EC次主力收盘价 | 1534 | | +10.70↑ | | 期货盘面 EC2604-EC2606价差 -286.40 | | +9.40↑ EC2604-EC2608价差 | -357.00 | | +3.00↑ | | EC合约基差 544.54 | | -9.70↓ | | | | | 期货持仓头寸（手） EC主力持仓量 32761 | | -1468↓ | | | | | 1792.14 SCFIS（欧线）（周） | | -67.17↓ SCFIS（美西线）（周） | 1,101.40 | | -192.92↓ | | SCFI（综合指数）（周） 1316.75 | | -141.11↓ 集装箱船运力（万标准箱） | 1,227.97 | | 0.06↑ | | 现货价格 CCFI（综合指数）（周） 1175.59 ...

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 | 沪金主力合约收盘价（日，元/克） | 1141.700 | 47.9↑ 沪银主力合约收盘价（日，元/千克） | 23511 | +2065.00↑ | | | 主力合约持仓量:沪金(日,手) | 178,544.00 | -751.00↓ 主力合约持仓量:沪银(日,手) | 11,034.00 | -50.00↓ | | | 主力合约成交量:沪金 | 462,718.00 | -263338.00↓ 主力合约成交量:沪银 | 943,213.00 | +12158.00↑ | | | 仓单数量:沪金(日,千克) | 103032 | 0↑ 仓单数量:沪银(日,千克) | 423,241 | -26412↓ | | 现货市场 | 上金所黄金现货价 | 1140.30 | 42.41↑ 华通一号白银现货价 | 22,118.00 | 643.00↑ | | | 沪金主力合约基差(日,元/克) | -1.40 | -5.51↓ 沪银 ...

锌库存持稳，现货升水维持低位。技术面，持仓增量价格调整，多空交投谨慎。观点参考：预计沪锌宽幅 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 沪锌主力合约收盘价(日,元/吨) | 24885 | -75 03-04月合约价差:沪锌(日,元/吨) | -40 | 10 | | | LME三个月锌报价(日,美元/吨) | 3323 | 4.5 沪锌总持仓量(日,手) | 200324 | -3429 | | | 沪锌前20名净持仓(日,手) | 2015 | -7397 沪锌仓单(日,吨) | 0 | 0 | | | 上期所库存(周,吨) | 65154 | -7997 LME库存(日,吨) | 108975 | -125 | | 现货市场 | 上海有色网0#锌现货价(日,元/吨) | 24900 | -150 长江有色市场1#锌现货价(日,元/吨) | 24670 | -380 | | | ZN主力合约基差(日,元/吨) | 15 | -75 LME锌升贴水(0-3)(日,美元/吨) ...

吨，同比减少8.29万吨。云南单月销糖25.06万吨，去年同期为18.51万吨。1月云南产糖进度快于去年同期 数据来源第三方(同花顺、wind)，观点仅供参考，市场有风险，投资需谨慎！ ，销糖表现好于去年同同期。但广西产销数据表现较差，预计糖价回落为主。 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 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。 白糖产业日报 2026-02-04 | 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:白糖(日,元/吨) | 5 ...

1. Report Industry Investment Rating - No relevant information provided. 2. Core Viewpoints of the Report - In the short - term, the high - volatility market of precious metals may continue, and the platinum and palladium markets may show a wide - range shock pattern affected by the gold price. In the medium - to - long - term, the industrial logic of platinum and palladium still dominates the trading rhythm. The uncertainty of power supply in South Africa and exports from Russia, combined with the implementation of new automobile emission policies, make platinum more resilient than palladium. The differentiation of the supply - demand pattern may continue to drive the "platinum - strong, palladium - weak" market. The support levels for London platinum and palladium are 2000 US dollars per ounce and 1600 US dollars per ounce respectively [2]. 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the platinum main contract was 599.85 yuan per gram, and the closing price of the palladium main contract was 461.00 yuan per gram, with a daily increase of 27.30 yuan. The main contract positions of platinum decreased by 277.00 hands to 10387.00 hands, while the main contract positions of palladium increased by 90.00 hands to 3179.00 hands [2]. 3.2 Spot Market - The spot price of platinum (Pt9995) on the Shanghai Gold Exchange was 588.10 yuan per gram, with an increase of 21.29 yuan, and the average spot price of Yangtze River palladium was 417.00 yuan per gram, with a decrease of 4.00 yuan. The basis of the platinum main contract was - 16.51 yuan per gram, with a decrease, and the basis of the palladium main contract was - 44.00 yuan per gram, with a decrease of 31.30 yuan [2]. 3.3 Supply - Demand Situation - The non - commercial long positions of platinum in the CFTC (weekly) decreased by 243.00 to 9966.00 contracts, and those of palladium decreased by 342.00. The total annual supply of platinum in 2025 is expected to be 220.40 tons, with a decrease of 0.80 tons, and the total annual supply of palladium is expected to be 293.00 tons, with a decrease of 5.00 tons. The total annual demand for platinum in 2025 is expected to be 261.60 tons, with an increase of 25.60 tons, and the total annual demand for palladium is expected to be 287.00 tons, with a decrease of 27.00 tons [2]. 3.4 Macro Data - The US dollar index decreased by 0.23 to 97.37, the 10 - year US Treasury real yield decreased by 0.02 percentage points to 1.92%, and the VIX volatility index increased by 1.66 to 18.00 [2]. 3.5 Industry News - US President Trump signed a government funding bill to end the partial government shutdown. Fed Governor Milan said that the Fed needs to cut interest rates by more than 100 basis points this year, while Richmond Fed President Barkin emphasized the need for cautious monetary policy. The US White House said that talks with Iran this week will proceed as planned. According to CME "FedWatch", the probability of a 25 - basis - point interest rate cut by the Fed in March is 8.9%, and the probability of keeping interest rates unchanged is 91.1%. The overseas precious metals market sentiment has warmed up, and the main platinum and palladium contracts on the Guangzhou Futures Exchange have strongly rebounded. The EU's delay of the 2035 internal combustion engine ban and strengthened vehicle exhaust emission standards are expected to increase the substitution demand for platinum by about 450,000 ounces this year [2]. 3.6 Key Events to Watch - The release time of the US ADP employment data on February 4th is to be determined, and the US January non - farm payrolls report will be released. The European Central Bank's interest rate decision will be announced on February 5th [2].

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 | 期货收盘价(活跃合约):鸡蛋(日,元/500千 | 2945 | -8 期货前20名持仓:净买单量:鸡蛋(日,手) | -16298 | -7005 | | 克) | 鸡蛋期货月间价差(5-9):(日,元/500千克) | -467 | -21 期货持仓量(活跃合约):鸡蛋(日,手) | 179590 | -61 | | | 注册仓单量:鸡蛋(日,手) | 0 | 0 | | | | 现货市场 | 鸡蛋现货价格(日,元/斤) | 3.66 | -0.09 基差(现货-期货)(日,元/500千克) | 711 | -83 | | 上游情况 | 产蛋鸡存栏指数:全国(月,2015=100) | 109.28 | -2.75 淘汰产蛋鸡指数:全国(月,2015=100) | 124.98 | 23.8 | | | 主产区平均价:蛋鸡苗(周,元/羽) | 3.2 | 0.1 新增雏鸡指数:全国(月,2015=100) | 71.99 ...