Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - The prices of the container shipping index (European line) futures mostly declined on Thursday, with the main contract EC2512 rising 0.15% and the far - month contracts falling between 1% - 2%. The latest SCFIS European line settlement freight rate index increased by 172.33 points from last week, a 15.1% week - on - week increase. Spot index gains may support short - term freight rate increases. Trade war situation improvement, geopolitical conflict reaching a substantial easing inflection point, and leading shipping companies announcing November freight rate increases have led to a rapid recovery in futures prices. The fourth - quarter shipping peak season also has an impact. The current freight rate market is highly influenced by news, and futures prices are expected to fluctuate more. Investors are advised to be cautious, pay attention to operation rhythm and risk control, and track geopolitical, shipping capacity, and cargo volume data [1] 3. Summary by Relevant Catalogs 3.1 Futures Market Data - EC main contract closing price: 1843.800, EC secondary main contract closing price: 1583, a 15.60 decline; EC2512 - EC2602 spread: 260.80, a 4.20 decline; EC2512 - EC2604 spread: 667.90, an 8.70 decline; EC contract basis: - 531.09, a 27.20 increase; EC main contract open interest: 30114, a 1792 decline [1] 3.2 Spot Market Data - SCFIS (European line) (weekly): 1312.71, a 172.33 increase; SCFIS (US West line) (weekly): 863.46, a 14.34 decline; SCFI (composite index) (weekly): 1403.46, a 93.14 increase; container ship capacity (10,000 TEUs): 1227.97, no change; CCFI (composite index) (weekly): 992.74, a 19.63 increase; CCFI (European line) (weekly): 1293.12, a 25.21 increase; Baltic Dry Index (daily): 1961.00, an 11.00 decline; Panama - type freight index (daily): 1885.00, a 19.00 increase; average charter price (Panama - type ship): 17564.00, no change; average charter price (Cape - type ship): 23582.00, a 103.00 increase [1] 3.3 Industry News - Chinese President Xi Jinping will meet with US President Trump in Busan, South Korea on October 30 to exchange views on China - US relations and common concerns. The Fed cut interest rates by 25 basis points to 3.75% - 4.00% early today, the second cut this year, and will end balance - sheet reduction from December 1. The US Senate passed a bill to end the national emergency used by the Trump administration to impose a 50% tariff on Brazilian goods, but the House Republican leadership has blocked a vote on overturning the tariff until next March [1] 3.4 Key Data to Watch - October 31: US September core PCE price index annual rate (TBD), Japan September unemployment rate (07:30), China October official manufacturing PMI (09:30), France October CPI monthly rate preliminary value (15:45), Eurozone October CPI annual rate preliminary value (18:00) [1]

Report Information - Report Title: Stock Index Futures Panoramic Daily Report 2025/10/30 [1] - Researcher: Liao Hongbin [3] - Futures Practitioner Qualification Number: F30825507 [3] - Futures Investment Consulting Practitioner Certificate Number: Z0020723 [3] Report Industry Investment Rating - Not provided Core Viewpoints - Although investment and consumption were under pressure in September, high - tech industries strongly supported the economy, and the Fourth Plenary Session's statement on developing new - quality productivity during the "14th Five - Year Plan" met market expectations [2] - After the meeting between the leaders of China and the United States, there were no more positive news released in the short term, and the market showed a situation of "good news exhausted" [2] - It is recommended to wait and see [2] Summary by Relevant Catalogs Futures Price and Spread - IF, IH, IC, and IM main and sub - main contracts all declined. For example, the IF main contract (2512) was at 4690.0, down 32.4 [2] - Various spreads showed different changes. For instance, the IF - IH monthly contract spread was 1654.8, down 23.0 [2] - The differences between quarterly and monthly contracts also changed. For example, IF quarterly - monthly was - 39.4, up 3.8 [2] Futures Position - The net positions of the top 20 in IF, IH, IC, and IM all decreased. For example, the IF top 20 net position was - 21,903.00, down 1750.0 [2] Spot Price and Basis - The spot prices of the Shanghai - Shenzhen 300, Shanghai Composite 50, CSI 500, and CSI 1000 all declined. For example, the Shanghai - Shenzhen 300 was at 4709.91, down 37.9 [2] - The basis of the main contracts showed different trends. For example, the IF main contract basis was - 19.9, down 4.7 [2] Market Sentiment - A - share trading volume increased to 24,642.94 billion yuan, up 1736.20 billion yuan. Margin trading balance increased to 25,066.48 billion yuan, up 118.88 billion yuan [2] - North - bound trading volume decreased to 2371.33 billion yuan, down 408.51 billion yuan [2] - The proportion of rising stocks decreased to 22.77%, down 26.23 percentage points [2] Market Strength and Weakness Analysis - The strength of all A - shares decreased to 3.10, down 3.00 [2] - The technical and capital aspects also showed a decline trend [2] Industry News - The US will cancel the 10% so - called "Fenni tariff" on Chinese goods, and the 24% reciprocal tariff on Chinese goods will continue to be suspended for one year. China will adjust counter - measures accordingly [2] - A - share major indexes closed down. The Shanghai Composite Index fell below 4000 points. The Shanghai Composite Index fell 0.73%, the Shenzhen Component Index fell 1.16%, and the ChiNext Index fell 1.84% [2] - The Fed cut interest rates by 25 basis points, but Powell said a December rate cut was uncertain, pushing up the US dollar and weakening the offshore RMB [2] - From January to September, the profit growth rate of domestic industrial enterprises above designated size accelerated significantly, driven by high - tech manufacturing and equipment manufacturing [2] Key Data Release Schedule - From October 27 - 31, 4347 A - share listed companies will disclose their third - quarter reports [3] - On October 30 at 21:15, there will be an ECB interest rate decision [3] - On October 31 at 9:30, China's October manufacturing, non - manufacturing, and composite PMI will be released [3] - On October 31 at 20:30, the US September PCE, core PCE, personal expenditure, and personal income will be released [3]

1. Report Industry Investment Rating - No information provided 2. Core Viewpoints of the Report - L2601 fluctuated weakly, closing at 6,968 yuan/ton. New maintenance devices were added this week, causing PE production to decline month-on-month. The downstream shed film is in the peak season, with orders and the start - up rate gradually reaching the annual high. Orders for express bags and bubble bags are accumulating before the e - commerce festival, leaving room for the start - up rate of packaging films to increase. Inventories of production enterprises and society are being depleted, with little inventory pressure. The cost of the oil - based process decreased slightly while losses deepened; the cost of the coal - based process increased significantly, and profitability shrank greatly. The market expects a slight increase in OPEC+ production in December, and combined with weak crude oil demand, international oil prices are under pressure. In the short term, L2601 is expected to weaken with oil prices, and technically, attention should be paid to the previous low support around 6,870 [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - Futures主力合约收盘价:聚乙烯(日,元/吨) was 6,968, down 41; 1 - month contract was 6,968, down 41; 5 - month contract was 7,030, down 45; 9 - month contract was 7,066, down 39. The trading volume was 214,616 hands, up 1,678, and the open interest was 508,700 hands, down 3,569. The 1 - 5 spread was - 62, up 4. The long position of the top 20 futures holders was 410,926 hands, up 5,094; the short position was 480,595 hands, up 4,494; the net long position was - 69,669 hands, up 600 [2] 3.2 Spot Market - The average price of LLDPE(7042) in North China was 7,025.65 yuan/ton, down 9.57; in East China was 7,175.24 yuan/ton, up 0.71. The basis was 57.65, up 31.43 [2] 3.3 Upstream Situation - FOB: middle price: naphtha: Singapore region was 61.91 US dollars/barrel, up 0.31; CFR: middle price: naphtha: Japan region was 571.13 US dollars/ton, up 2.5. The middle price of ethylene CFR Southeast Asia was 756 US dollars/ton, down 15; the middle price of ethylene CFR Northeast Asia was 766 US dollars/ton, unchanged [2] 3.4 Industry Situation - The start - up rate of PE in petrochemical plants nationwide was 81.46%, down 0.3 [2] 3.5 Downstream Situation - The start - up rate of polyethylene(PE) in packaging films was 52.59%, up 0.4; in pipes was 32.33%, up 0.33; in agricultural films was 47.11%, up 4.22 [2] 3.6 Option Market - The 20 - day historical volatility of polyethylene was 9.46%, down 0.02; the 40 - day historical volatility was 8.1%, up 0.11. The implied volatility of at - the - money put options and call options of polyethylene was 9.58%, both down 0.62 [2] 3.7 Industry News - From October 24th to 30th, China's total polyethylene production was 643,500 tons, a decrease of 0.72% from last week. The capacity utilization rate of polyethylene production enterprises was 81.46%, a decrease of 0.3 percentage points from the previous period. From October 17th to 23rd, the average start - up rate of China's polyethylene downstream products increased by 0.8% from the previous period. Among them, the overall start - up rate of agricultural films increased by 4.2%, and the start - up rate of PE packaging films increased by 0.4%. As of October 29th, the inventory of Chinese polyethylene production enterprises was 416,000 tons, a month - on - month decrease of 19.16%. As of October 24th, the social inventory of polyethylene was 527,400 tons, a month - on - month decrease of 3.30%. From October 18th to 24th, the cost of oil - based LLDPE decreased by 0.42% month - on - month to 7,137 yuan/ton, and the oil - based profit decreased by 44.43 yuan/ton month - on - month to - 125.14 yuan/ton; the cost of coal - based LLDPE increased by 4.02% month - on - month to 6,769 yuan/ton, and the coal - based profit decreased by 301.85 yuan/ton month - on - month to 192.29 yuan/ton [2]

天然橡胶产业日报 2025-10-30 | 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) 沪胶1-5价差(日,元/吨) | 15400 | -225 20号胶主力合约收盘价(日,元/吨) | 12525 | -195 | | | | -90 | -10 20号胶12-1价差(日,元/吨) | -20 | -10 | | 期货市场 | 沪胶与20号胶价差(日,元/吨) | 2875 | -30 沪胶主力合约 持仓量(日,手) | 144722 | -1467 | | | 20号胶主力合约持仓量(日,手) | 34659 | -5380 沪胶前20名净持仓 | -28553 | -5480 | | | 20号胶前20名净持仓 | -10171 | -1872 沪胶交易所仓单(日,吨) | 121670 | -1220 | | | 20号胶交易所仓单(日,吨) 上海市场国营全乳胶(日,元/吨) | 44857 14850 | 604 100 上海市场越南3L(日,元/ ...

Report Summary 1. Report Date - The report is dated October 30, 2025 [1] 2. Investment Rating - No investment rating is provided in the report 3. Core View - The overall terminal demand for hot-rolled coils is resilient with increased apparent demand, higher than the same period last year. However, after the Fed's interest rate cut and the end of the China-US summit, market bullish sentiment has weakened. Technically, the 1-hour MACD indicator of the HC2601 contract shows that DIFF and DEA have crossed and pulled back at high levels. It is recommended to conduct short - term trading and pay attention to rhythm and risk control [2] 4. Summary by Directory 4.1 Futures Market - The closing price of the HC main contract is 3,318 yuan/ton, down 27 yuan; the position volume is 1,473,286 lots, up 12,227 lots; the net position of the top 20 in the HC contract is - 61,090 lots, down 9,028 lots; the HC1 - 5 contract spread is - 9 yuan/ton, up 4 yuan; the daily warehouse receipt of HC on the SHFE is 128,835 tons, down 5,938 tons; the HC2601 - RB2601 contract spread is 212 yuan/ton, unchanged [2] 4.2 Spot Market - The price of 4.75 hot - rolled coils in Hangzhou is 3,370 yuan/ton, down 20 yuan; in Guangzhou is 3,340 yuan/ton, up 10 yuan; in Wuhan is 3,400 yuan/ton, unchanged; in Tianjin is 3,260 yuan/ton, up 10 yuan. The basis of the HC main contract is 52 yuan/ton, up 7 yuan; the price difference between hot - rolled coils and rebar in Hangzhou is 80 yuan/ton, down 10 yuan [2] 4.3 Upstream Situation - The price of 61.5% PB iron ore fines at Qingdao Port is 807 yuan/wet ton, up 4 yuan; the price of quasi - first - grade metallurgical coke in Hebei is 1,590 yuan/ton, unchanged; the price of 6 - 8mm scrap steel in Tangshan is 2,230 yuan/ton, unchanged; the price of Q235 billet in Hebei is 3,000 yuan/ton, up 10 yuan. The inventory of iron ore at 45 ports is 144.2065 million tons, up 1.3895 million tons; the inventory of coke at sample coking plants is 373,700 tons, down 1,200 tons; the inventory of coke at sample steel mills is 6.3327 million tons, down 60,000 tons; the inventory of billets in Hebei is 1.1957 million tons, down 103,900 tons [2] 4.4 Industry Situation - The blast furnace operating rate of 247 steel mills is 84.73%, up 0.48 percentage points; the blast furnace capacity utilization rate is 89.92%, down 0.39 percentage points. The weekly output of hot - rolled coils at sample steel mills is 3.2356 million tons, up 11,000 tons; the capacity utilization rate of hot - rolled coils at sample steel mills is 82.65%, up 0.28 percentage points. The weekly inventory of hot - rolled coils at sample steel mills is 776,600 tons, up 3,100 tons; the weekly social inventory of hot - rolled coils in 33 cities is 3.2893 million tons, down 86,400 tons. The monthly output of domestic crude steel is 73.49 million tons, down 3.88 million tons; the monthly net export volume of steel is 9.92 million tons, up 910,000 tons [2] 4.5 Downstream Situation - The monthly output of automobiles is 3.2758 million vehicles, up 460,400 vehicles; the monthly sales of automobiles is 3.2264 million vehicles, up 369,800 vehicles. The monthly output of air conditioners is 18.0948 million units, up 1.276 million units; the monthly output of household refrigerators is 10.1276 million units, up 674,400 units; the monthly output of household washing machines is 11.7849 million units, up 1.653 million units [2] 4.6 Industry News - On October 30, Mysteel reported that the actual weekly output of hot - rolled coils was 3.2356 million tons, up 11,000 tons; the factory inventory was 776,600 tons, up 3,100 tons; the social inventory was 3.2893 million tons, down 86,400 tons; the total inventory was 4.0659 million tons, down 83,300 tons; the apparent demand was 3.3189 million tons, up 51,600 tons week - on - week. The Fed cut interest rates by 25 basis points as expected, lowering the federal funds rate to 3.75% - 4.00%, the second rate cut this year, and announced the end of the balance sheet reduction starting from December 1. Vietnam's Ministry of Industry and Trade launched an anti - circumvention investigation into the anti - dumping case of hot - rolled coils originating from China [2]

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints of the Report - Short - term raw material end is under continuous bearish expectations, there will still be an obvious price difference between private resources and Sinopec & PetroChina resources, downstream buyers may still wait for price drops, production enterprise inventory is expected to continue to decline, and trading enterprise inventory may slightly increase [2] - This week, the capacity utilization rate of domestic tire enterprises decreased slightly. Semi - steel tire enterprises' production schedules are mostly stable, with concentrated snow tire orders and many specifications, so production enthusiasm is expected to remain high. All - steel tire enterprises' shipments are stable, and most enterprises' production schedules will likely remain stable, with overall capacity utilization rate expected to fluctuate slightly [2] - The 512 contract is expected to fluctuate in the range of 10,500 - 11,000 in the short term [2] 3. Summary by Related Catalogs 3.1 Futures Market - The closing price of the main contract of synthetic rubber is 10,800 yuan/ton, with a week - on - week increase of 5; the position of the main contract is 47,385 yuan/ton, with a week - on - week decrease of 4,831 [2] - The 12 - 1 spread of synthetic rubber is 25 yuan/ton, with no week - on - week change; the total warehouse receipt quantity of butadiene rubber in warehouses is 3,010 tons, with no week - on - week change [2] 3.2 Spot Market - The mainstream price of BR9000 (Qilu Petrochemical) in Shandong is 10,800 yuan/ton, with a week - on - week decrease of 150; the mainstream price of BR9000 (Daqing Petrochemical) in Shandong is 10,800 yuan/ton, with a week - on - week decrease of 150 [2] - The mainstream price of BR9000 (Daqing Petrochemical) in Shanghai is 10,850 yuan/ton, with a week - on - week decrease of 100; the mainstream price of BR9000 (Maoming Petrochemical) in Guangdong is 11,050 yuan/ton, with a week - on - week decrease of 100 [2] - The basis of synthetic rubber is 50 yuan/ton, with a week - on - week decrease of 55 [2] - Brent crude oil is 64.92 dollars/barrel, with a week - on - week increase of 0.52; Northeast Asian ethylene price is 750 dollars/ton, with no week - on - week change [2] - Naphtha CFR Japan is 571.13 dollars/ton, with a week - on - week increase of 2.5; the intermediate price of butadiene CFR China is 930 dollars/ton, with a week - on - week decrease of 10 [2] - WTI crude oil is 60.48 dollars/barrel, with a week - on - week increase of 0.33; the mainstream price of butadiene in Shandong market is 7,650 yuan/ton, with a week - on - week decrease of 300 [2] 3.3 Upstream Situation - The weekly capacity of butadiene is 15.53 million tons/week, with a week - on - week decrease of 0.01; the weekly capacity utilization rate of butadiene is 65.62%, with a week - on - week decrease of 0.17 [2] - The port inventory of butadiene is 24,600 tons, with a week - on - week decrease of 6,200; the daily operating rate of Shandong local refineries' atmospheric and vacuum distillation units is 50.04%, with a week - on - week decrease of 0.24 [2] - The monthly output of cis - butadiene rubber is 13.04 million tons, with a month - on - month decrease of 0.53; the weekly capacity utilization rate of cis - butadiene rubber is 73.45%, with a week - on - week decrease of 1.37 [2] - The weekly production profit of cis - butadiene rubber is - 204 yuan/ton, with a week - on - week increase of 156; the weekly social inventory of cis - butadiene rubber is 3.32 million tons, with a week - on - week increase of 0.04 [2] - The weekly manufacturer inventory of cis - butadiene rubber is 28,650 tons, with a week - on - week increase of 750; the weekly trader inventory of cis - butadiene rubber is 4,520 tons, with a week - on - week decrease of 340 [2] 3.4 Downstream Situation - The weekly operating rate of domestic semi - steel tires is 73.67%, with a week - on - week increase of 0.95; the weekly operating rate of domestic all - steel tires is 65.58%, with a week - on - week increase of 1.06 [2] - The monthly output of all - steel tires is 13.14 million pieces, with a month - on - month increase of 11; the monthly output of semi - steel tires is 60.25 million pieces, with a month - on - month increase of 219 [2] - The weekly inventory days of all - steel tires in Shandong is 40.34 days, with a week - on - week increase of 0.39; the weekly inventory days of semi - steel tires in Shandong is 45.26 days, with a week - on - week increase of 0.09 [2] 3.5 Industry News - As of October 30, the capacity utilization rate of Chinese semi - steel tire sample enterprises is 72.12%, with a week - on - week decrease of 0.72 percentage points and a year - on - year decrease of 7.61 percentage points; the capacity utilization rate of Chinese all - steel tire sample enterprises is 65.34%, with a week - on - week decrease of 0.53 percentage points and a year - on - year increase of 6.15 percentage points [2] - In October 2025, the domestic cis - butadiene rubber output is 13.76 million tons, an increase of 0.72 million tons from last month, a month - on - month increase of 5.52% and a year - on - year increase of 24.07%. The capacity utilization rate of cis - butadiene rubber in October is 71.39%, an increase of 1.46 percentage points from the previous period and an increase of 10.93 percentage points from the same period last year. The output and capacity utilization rate of cis - butadiene rubber have slightly declined [2] - As of October 30, the domestic cis - butadiene rubber inventory is 3.09 million tons, a decrease of 0.23 million tons from the previous period, a week - on - week decrease of 6.90% [2]

| 项目类别 | 数据指标 最新 | 最新 | 环比 数据指标 | | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货收盘价(活跃合约):苯乙烯(日,元/吨) 316212 前20名持仓:买单量:苯乙烯(日,手) | 6421 456147 | -92 期货成交量(活跃:成交量):苯乙烯(EB)(日, 手) 11843 1月合约收盘价:苯乙烯(日,元/吨) | 6470 | 60566 -91 | | | 期货持仓量(活跃:成交量):苯乙烯(EB)(日, | | | | | | | -30043 | 430156 | 17279 前20名持仓:净买单量:苯乙烯(日,手) | | 2497 | | | 手) 前20名持仓:卖单量:苯乙烯(日,手) 现货价:苯乙烯(日,元/吨) | 486190 6752 | 9346 仓单数量:苯乙烯:总计(日,手) -14 苯乙烯:FOB韩国:中间价(日,美元/吨) | 74 801.5 | -396 -9 | | | 苯乙烯:CFR中国:中间价(日,美元/吨) | 811.5 | | 6225 | -50 | | ...

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 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | I 主力合约收盘价（元/吨） | 802.50 | -2.00↓ I 主力合约持仓量(手) | 551,548 | +8698↑ | | | I 1-5合约价差（元/吨） | 23 | 0.00 I 合约前20名净持仓(手) | -16322 | +7588↑ | | | I 大商所仓单（手） | 600.00 | 0.00 | | | | | 新加坡铁矿石主力合约截止15：00报价(美元/吨) | 106.4 | -0.76↓ | | | | 现货市场 | 青岛港61.5%PB粉矿 (元/干吨) | 875 | -1↓ 青岛港60.8%麦克粉矿 (元/干吨) | 872 | -1↓ | | | 京唐港56.5%超特粉矿 (元/干吨) | 804 | -3↓ I 主力合约基差 (麦克粉干吨-主力合约) | 69 | +1↑ | | | 铁矿石62% ...

Report Summary 1) Report Industry Investment Rating No relevant content provided. 2) Core View of the Report On Thursday, the RB2601 contract faced pressure and pulled back. The macro - situation shows that the leaders of China and the US had a meeting in Busan, South Korea, agreeing to strengthen cooperation in economic and trade fields. In terms of supply - demand, the weekly output of rebar continued to increase with a capacity utilization rate of 46.6%, rising for two consecutive weeks; terminal demand increased while inventory declined for three consecutive weeks. Overall, the supply - demand environment of rebar has improved. However, with the Fed's interest rate cut and the end of the Sino - US summit, the market's mainstream funds reduced long positions and increased short positions, and the market may fluctuate. Technically, the 1 - hour MACD indicator of the RB2601 contract shows that DIFF and DEA are pulling back from high levels. It is recommended to conduct short - term trading and pay attention to risk control [2]. 3) Summary According to Relevant Catalogs Futures Market - The closing price of the RB main contract was 3,106.00 yuan/ton, down 27 yuan; the position volume was 1,894,916 lots, up 909 lots. The net position of the top 20 in the RB contract was - 68,256 lots, down 20,857 lots. The RB1 - 5 contract spread was - 64 yuan/ton, down 11 yuan. The daily warehouse receipt of RB on the SHFE was 145,840 tons, down 300 tons. The HC2601 - RB2601 contract spread was 212 yuan/ton, unchanged [2]. Spot Market - The price of HRB400E 20MM in Hangzhou (theoretical weight) was 3,290.00 yuan/ton, down 10 yuan; (actual weight) was 3,374 yuan/ton, down 10 yuan. In Guangzhou (theoretical weight), it was 3,340.00 yuan/ton, up 10 yuan; in Tianjin (theoretical weight), it was 3,200.00 yuan/ton, up 20 yuan. The basis of the RB main contract was 184.00 yuan/ton, up 17 yuan. The spot price difference between hot - rolled coil and rebar in Hangzhou was 80.00 yuan/ton, down 10 yuan [2]. Upstream Situation - The price of 61.5% PB fines at Qingdao Port was 807.00 yuan/wet ton, up 4.00 yuan. The price of quasi - first - grade metallurgical coke in Hebei was 1,590.00 yuan/ton, unchanged. The price of 6 - 8mm scrap steel in Tangshan (tax - excluded) was 2,230.00 yuan/ton, unchanged. The price of Q235 billet in Hebei was 3,000.00 yuan/ton, up 10.00 yuan. The iron ore inventory at 45 ports was 144.2065 million tons, up 1.3895 million tons. The coke inventory of sample coking plants was 373,700 tons, down 1,200 tons. The coke inventory of sample steel mills was 6.3327 million tons, down 60,000 tons. The billet inventory in Tangshan was 1.1957 million tons, down 103,900 tons. The blast furnace operating rate of 247 steel mills was 84.73%, up 0.48%; the blast furnace capacity utilization rate was 89.92%, down 0.39% [2]. Industry Situation - The weekly output of rebar of sample steel mills was 2.1259 million tons, up 55,200 tons; the capacity utilization rate was 46.60%, up 1.21%. The factory inventory of sample steel mills was 1.7171 million tons, down 129,200 tons; the social inventory of rebar in 35 cities was 4.3081 million tons, down 66,700 tons. The operating rate of independent electric arc furnace steel mills was 67.71%, unchanged. The monthly output of domestic crude steel was 73.49 million tons, down 3.88 million tons. The monthly output of Chinese rebar was 1.541 million tons, up 66,000 tons. The net export volume of steel was 992,000 tons, up 91,000 tons [2]. Downstream Situation - The national real estate climate index was 92.78, down 0.27. The cumulative year - on - year growth rate of fixed - asset investment completion was - 0.50%, down 1.00%. The cumulative year - on - year growth rate of real estate development investment completion was - 13.90%, down 1.00%. The cumulative year - on - year growth rate of infrastructure construction investment was 1.10%, down 0.90% [2].

量提升，本周尿素企业库存下降，下游储备适当跟进下，预计短期尿素企业库存波动较小。UR2601合约短 线预计在1600-1650区间波动。 免责声明 | | | 尿素产业日报 2025-10-30 | 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) | 1627 | -17 郑州尿素1-5价差(日,元/吨) | -78 | -5 | | | 郑州尿素主力合约持仓量(日,手) | 270109 | -240 郑州尿素前20名净持仓 | -31434 | 3175 | | | 郑州尿素交易所仓单(日,张) | 0 | 0 | | | | 现货市场 | 河北(日,元/吨) | 1630 | 0 河南(日,元/吨) | 1580 | -10 | | | 江苏(日,元/吨) | 1590 | -10 山东(日,元/吨) | 1600 | 0 | | | 安徽(日,元/吨) | 1590 | 0 郑州尿素主力合约基差(日,元/吨) | -27 | 17 | | | ...