波动。 免责声明 | 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:合成橡胶(日,元/吨) | 130 主力合约持仓量:合成橡胶(日,元/吨) | 13315 | 36102 | -1219 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 期货市场 | 合成橡胶3-4价差(日,元/吨) | 15 仓单数量:丁二烯橡胶:仓库:总计(日,吨) | -45 | 9610 | 100 | | | | | | | | 主流价:顺丁橡胶(BR9000,齐鲁石化):山 | 50 主流价:顺丁橡胶(BR9000,大庆石化):山 | 12800 | 12800 | 50 | | | | | | | | | 东(日,元/吨) | 东(日,元/吨) | 现货市场 | 主流价:顺丁橡胶(BR9000,大庆石化):上 | 主流价:顺丁橡胶(BR9000,茂名石化):广 | 12850 | 0 | 12800 | 0 | | | | | 海(日,元/吨) | 东(日,元/吨) | ...

| 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:沪镍(日,元/吨) | 137680 | 2850 03-04月合约价差:沪镍(日,元/吨) | -280 | 20 | | | LME3个月镍(日,美元/吨) | 17395 | 350 主力合约持仓量:沪镍(日,手) | 99453 | -2047 | | | 期货前20名持仓:净买单量:沪镍(日,手) | -44525 | 1910 LME镍:库存(日,吨) | 285528 | 0 | | | 上期所库存:镍(周,吨) | 55396 | 4602 LME镍:注销仓单:合计(日,吨) | 11148 | 456 | | | 仓单数量:沪镍(日,吨) | 48072 | -108 | | | | 现货市场 | SMM1#镍现货价(日,元/吨) | 141600 | 2550 现货均价:1#镍板:长江有色(日,元/吨) | 141800 | 2650 0 | | | 上海电解镍:CIF(提单)(日,美元/吨) | ...

国债期货日报 2026/2/4 提出了一揽子增收措施，打出一套政策"组合拳"。 3、中国人民银行召开2026年信贷市场工作会议。会议要求，大力发展科技金融、绿色金融、 普惠金融、养老金融、数字金融，强化消费领域金融支持。建设多层次金融服务体系，着力支 持扩大内需、科技创新、中小微企业等重点领域。继续做好金融支持融资平台债务风险化解工 作，支持地方政府持续推进融资平台市场化转型，引导金融机构按照市场化、法治化原则做好 服务。 | 项目类别 | 数据指标 | 最新 | 环比 项目 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货盘面 | T主力收盘价 | 108.240 | -0.01% T主力成交量 | 68372 | -6023↓ | | | TF主力收盘价 | 105.850 | -0.04% TF主力成交量 | 71875 | 3421↑ | | | TS主力收盘价 | 102.398 | -0.02% TS主力成交量 | 35831 | -883↓ | | | TL主力收盘价 | 111.700 | -0.23% TL主力成交量 | 75582 ...

Report Summary 1. Report Industry Investment Rating - Not provided in the report 2. Core Viewpoints - Recently, the production loss of domestic methanol due to maintenance and production cuts is less than the output of restored production capacity, leading to an overall increase in production [2] - As the long holiday approaches, upstream factories continue the inventory - clearing/pre - selling strategy, and downstream enterprises make stable pre - holiday purchases. As a result, inland enterprise inventories continue to decline [2] - This week, methanol inventories at ports decreased. The terminal rigid demand in the Yangtze River Delta region remained stable, the提货 volume from mainstream social warehouses was average, and the inventory decreased due to reduced unloading. The inventory at South China ports increased [2] - The short - term expected arrival volume of foreign vessels is likely to increase month - on - month. As the Spring Festival approaches, the提货 volume may decline, and port methanol inventories may accumulate. The extent of inventory accumulation depends on the unloading speed of foreign vessels and changes in the提货 volume [2] - Last week, the domestic methanol - to - olefins operating rate decreased. After the restart of the Ningbo Fude plant, the weekly average operating rate still declined. With the increase in the load of the Ningbo Fude MTO plant, the short - term operating rate of the MTO industry is expected to rise slightly [2] - The MA2605 contract is expected to fluctuate in the range of 2230 - 2300 in the short term [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the main methanol contract is 2279 yuan/ton, with a month - on - month increase of 32 yuan/ton; the 5 - 9 spread of methanol is - 36 yuan/ton, with a month - on - month decrease of 4 yuan/ton [2] - The open interest of the main methanol contract is 821,944 lots, an increase of 4,909 lots; the net long position of the top 20 futures holders is - 113,524 lots, an increase of 26,838 lots [2] - The number of methanol warehouse receipts is 7,082, with no month - on - month change [2] 3.2 Spot Market - The price in Jiangsu Taicang is 2230 yuan/ton, an increase of 10 yuan/ton; the price in Inner Mongolia is 1785 yuan/ton, a decrease of 5 yuan/ton [2] - The price spread between East China and Northwest China is 435 yuan/ton, an increase of 5 yuan/ton; the basis of the main Zhengzhou methanol contract is - 49 yuan/ton, a decrease of 22 yuan/ton [2] - The CFR price of methanol at China's main ports is 264 US dollars/ton, a decrease of 1 US dollar/ton; the CFR price in Southeast Asia is 323 US dollars/ton, with no month - on - month change [2] - The FOB price in Rotterdam is 298 euros/ton, with no month - on - month change; the price spread between China's main ports and Southeast Asia is - 59 US dollars/ton, a decrease of 1 US dollar/ton [2] 3.3 Upstream Situation - The price of NYMEX natural gas is 3.38 US dollars/million British thermal units, an increase of 0.12 US dollars/million British thermal units [2] 3.4 Industry Situation - The inventory at East China ports is 107.29 tons, an increase of 4.76 tons; the inventory at South China ports is 39.92 tons, a decrease of 3.3 tons [2] - The import profit of methanol is - 15.5 yuan/ton, a decrease of 1.04 yuan/ton; the monthly import volume is 173.4 tons, an increase of 31.64 tons [2] - The inventory of inland enterprises is 424,100 tons, a decrease of 14,200 tons; the operating rate of methanol enterprises is 91.21%, an increase of 1.29 percentage points [2] 3.5 Downstream Situation - The operating rate of formaldehyde is 33.32%, a decrease of 1.19 percentage points; the operating rate of dimethyl ether is 5.92%, an increase of 0.67 percentage points [2] - The operating rate of acetic acid is 82.27%, an increase of 1.6 percentage points; the operating rate of MTBE is 68.01%, with no month - on - month change [2] - The operating rate of olefins is 80.87%, a decrease of 3.42 percentage points; the on - paper profit of methanol - to - olefins is - 836 yuan/ton, a decrease of 25 yuan/ton [2] 3.6 Option Market - The 20 - day historical volatility of methanol is 23.61%, a decrease of 3.16 percentage points; the 40 - day historical volatility of methanol is 21.44%, a decrease of 0.47 percentage points [2] - The implied volatility of at - the - money call options for methanol is 23.69%, a decrease of 1.1 percentage points; the implied volatility of at - the - money put options for methanol is 23.69%, a decrease of 1.08 percentage points [2] 3.7 Industry News - As of February 4, the inventory of China's methanol sample production enterprises was 36.83 tons, a decrease of 5.58 tons from the previous period, with a month - on - month decrease of 13.16%; the pending orders of sample enterprises were 28.71 tons, an increase of 2.14 tons from the previous period, with a month - on - month increase of 8.05% [2] - As of February 4, the total inventory of methanol at Chinese ports was 141.10 tons, a decrease of 6.11 tons from the previous data. Among them, the inventory in East China decreased by 6.48 tons, and the inventory in South China increased by 0.37 tons [2] - As of January 29, the capacity utilization rate of domestic methanol - to - olefins plants was 81.95%, a month - on - month decrease of 3.2%. The MTO plants of Zhejiang Xingxing, Sierbang, and Shandong Hengtong continued to be shut down, and the Ningbo Fude plant restarted. After hedging, the weekly average operating rate still declined [2]

玉米系产业日报 2026-02-04 | 观点总结（ | 随春节假期越来越近，物流即将停运，下游积极提货。外加河北、河南少数企业受环保原因限产开机率下滑，带动行业库存继续下 | | --- | --- | | 淀粉） | 滑。截至2月4日，全国玉米淀粉企业淀粉库存总量99.5万吨，较上周下降3.30万吨，周降幅3.21%，月降幅3.21%；年同比降幅24. | | 重点关注 | 周四、周五mysteel玉米周度消耗以及淀粉企业开机、库存情况 | 85%。盘面来看，近期淀粉期价略有回落，总体仍维持震荡，短期观望。 数据来源第三方，观点仅供参考。市场有风险，投资需谨慎！ | 项目类别 | 数据指标 最新 环比 数据指标 | | 最新 | 环比 | | --- | --- | --- | --- | --- | | | -4 玉米淀粉期货收盘价(活跃合约):(日,元/ 期货收盘价(活跃合约):(日,元/吨) | 2263 | 2510 | 1 | | | 玉米月间价差(5-9):(日,元/吨) -1 玉米淀粉月间价差(3-5):(日,元/吨) 吨) | -28 | -67 | -4 | | 期货市场 | 期货持仓量 ...

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。 碳酸锂产业日报 2026/2/4 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 | 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） | 147,220.00 | -880.00↓ 前20名净持仓（日，手） | -139,888.00 | +1481.00↑ | | 期货市场 | 主力合约持仓量（日，手） | 359,912.00 | +4142.00↑ 近远月合约价差（日，元/吨） | 1,780.00 | +88 ...

场价格震荡略偏弱运行。盘面上，市场情绪受到短暂提振，生猪2605合约技术性调整，收涨0.95%，不过 上方技术阻力较大，且基本面利好有限，预计反弹空间有限。 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 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。 生猪产业日报 2026-02-04 | 项目类别 数据指标 | | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货盘面 | 期货主力合约收盘价:生猪(日,元/吨) | 11735 | 575 主力合约持仓量:生猪(日,手) | 145975 | 53734 | | | ...

| 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 郑州尿素主力合约收盘价(日,元/吨) | 1770 | -17 郑州尿素5-9价差(日,元/吨) | 34 | 2 6320 | | | 郑州尿素主力合约持仓量(日,手) | 231998 | -8287 郑州尿素前20名净持仓 | -14840 | | | | 郑州尿素交易所仓单(日,张) | 11181 | -75 | | | | 现货市场 | 河北(日,元/吨) | 1790 | 0 河南(日,元/吨) | 1770 | 0 | | | 江苏(日,元/吨) | 1800 | 0 山东(日,元/吨) | 1770 | 0 | | | 安徽(日,元/吨) | 1790 | 0 郑州尿素主力合约基差(日,元/吨) | 0 | 17 | | | FOB波罗的海(日,美元/吨) | 394 | 0 FOB中国主港(日,美元/吨) | 422.5 | 0 | | 产业情况 | 港口库存(周,万吨) | 14.4 | 1 企业库存(周,万吨) ...

天然橡胶产业日报 2026-02-03 | 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) | 16180 | 200 20号胶主力合约收盘价(日,元/吨) | 13135 | 210 | | | 沪胶5-9差(日,元/吨) | 130 | 0 20号胶3-4价差(日,元/吨) | -40 | 5 | | 期货市场 | 沪胶与20号胶价差(日,元/吨) | 3085 | 30 沪胶主力合约 持仓量(日,手) | 153505 | -2489 | | | 20号胶主力合约持仓量(日,手) | 23350 | -4303 沪胶前20名净持仓 | -42056 | -1977 | | | 20号胶前20名净持仓 | -8395 | 30 沪胶交易所仓单(日,吨) | 110870 | 0 | | | 20号胶交易所仓单(日,吨) 上海市场国营全乳胶(日,元/吨) | 50903 | -2016 | | | | 现货市场 | | | | | | | | 泰标STR20(日 ...

研究员: 蔡跃辉 期货从业资格号F0251444 期货投资咨询从业证书号Z0013101 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 | | --- | --- | --- | --- | --- | --- | | 期货市场 | RB主力合约收盘价(元/吨) | 3,099.00 | +1↑ RB主力合约持仓量(手) | 1805126 | +21029↑ | | | RB合约前20名净持仓(手) | -37645 | +195↑ RB5-10合约价差(元/吨) | -52 | -5↓ | | | RB上期所仓单日报(日，吨) | 37931 | +2090↑ HC ...