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 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 焦煤焦炭产业日报 2025/10/15 。 | 项目类别 | 数据指标 | 最新 | 环比 | 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | --- | | | JM主力合约收盘价（日，元/吨） | 1151.00 | -2.50↓ | J主力合约收盘价（日，元/吨） | 1642.00 | -12.50↓ | | 期货市场 | JM期货合约持仓量（日，手） | 825396.00 | -1222.00↓ | J期货合约持仓量（日，手） | 51105.00 | +645.00↑ | | | 焦煤前20名合约净持仓（日，手） | -94111.00 | -1185.00↓ | 焦炭前20名合约净持仓（日，手） | -4165.00 | ...

| 项目类别 | 数据指标 环比 | 最新 | | 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) 1 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) | 8665 4850 | -846 | | 114389 | -2231 | | 现货市场 | 甘肃静宁苹果现货价格(纸袋75#以上)(日, 山东沂源苹果现货价格(纸袋75#以上)(日, | | | | | 0 | | | | 5 | 0 | | 2.3 | | | | 元/斤) 元/斤) 陕西洛川苹果现货价格(纸袋70#以上半 山东烟台栖霞现货价格(纸袋80#以上一 | | | | | | | | | 4.2 | 0 | | 3.7 | 0 | | 上游情况 | 商品)(日,元/斤) 二级果农货)(日,元/斤) 全国:苹果产量(年,万吨) | 5128.51 | 168.34 | | | | | 产业情况 | 批发价:苹果(周,元/公斤) -0.08 平均批发价:富士苹果(周,元/公斤) 陕西苹果库 ...

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 螺纹钢产业链日报 2025/10/15 | 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) | 3,034.00 | -27↓ RB主力合约持仓量(手) | 2051544 | +60082↑ | | | RB合约前20名净持仓(手) | -107191 | -22644↓ RB1-5合约价差(元/吨) | -56 | -3↓ | | | RB上期所仓单日报(日，吨) | 298752 | +8587↑ HC2601-RB2601合约价差(元/吨) | 178 | -2↓ | | 现货市场 | 杭州 HRB400E 20MM(理计，元/吨) | 3,230.00 | -10↓ 杭州 HRB400E 20MM(过磅，元/吨) | 3,313 | -10↓ | | | 广州 HRB400E 20MM(理计，元/吨) | 3,260.00 | 0.00 天津 HRB400E ...

玉米系产业日报 2025-10-14 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 玉米淀粉期货收盘价(活跃合约):(日,元/ | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | | 期货收盘价(活跃合约):(日,元/吨) | 2093 | 1 | 2385 | -16 | | | 玉米月间价差(1-5):(日,元/吨) | -91 | 吨) -5 玉米淀粉月间价差(11-1):(日,元/吨) | -16 | -15 | | 期货市场 | 期货持仓量(活跃合约):黄玉米(日,手) | 479322 | -72733 期货持仓量(活跃合约):玉米淀粉(日,手) | 112293 | -16434 | | | 期货前20名持仓:净买单量:玉米(日,手) | -32877 | 6034 期货前20名持仓:净买单量:玉米淀粉(日, | -39912 | -2972 | | | 注册仓单量:黄玉米(日,手) | 36709 | 手) 0 注册仓单量:玉米淀粉(日,手) | 12938 | -44 | | | 主力合约CS-C价差(日,元/吨) | 335 ...

| | | 烧碱产业日报 2025-10-14 以跌为主。短期SH2601预计震荡走势，技术上关注2404附近低位支撑与2501附近10日均线压力。 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。 ；非铝下游缺乏需求改善信号，预计维持刚需采购。节后随着下游部分非铝行业复工，液碱工厂库存压力 数据来源于第三方，观点仅供参考。市场有风险，投资需谨慎！ 或将缓解，关注后市液碱厂库去库节奏。今年四季度至明年年初下游氧化铝有新装置投放，给到远端供需 研究员: 林静宜 期货从业资格号F03139610 期货投资咨询从业证书号Z0021558 助理研究员: 徐天泽 期货从业资格号F03133092 改善预期。只是高仓单对盘面价格压制作用仍存。受中美贸易争端持续影响，市场 ...

数据来源第三方，观点仅供参考。市场有风险，投资需谨慎！ 格局短期难以扭转，压制生猪价格反弹空间有限，预计后市弱势震荡。 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 2025-10-14 | 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) | 11450 | 325 主力合约持仓量:生猪(日,手) | 48651 | -8606 | | | 仓单数量:生猪(日,手) | 90 | ...

Group 1: Investment Rating - No investment rating information is provided in the report. Group 2: Core View - On Tuesday, the I2601 contract decreased with increasing positions. Due to tariff disturbances affecting market sentiment and the weak steel market, ore prices are under pressure. Technically, the 1 - hour MACD indicator of the I2601 contract shows that DIFF and DEA are adjusting downward. The operation suggestion is to sell on rebounds, paying attention to rhythm and risk control [2]. Group 3: Summary by Directory 1. Futures Market - The closing price of the I main - contract is 782.00 yuan/ton, down 22.50 yuan; the holding volume is 499,799 lots, up 14,460 lots. The 1 - 5 contract spread is 21 yuan/ton, down 2.50 yuan; the net holding of the top 20 in the contract is - 13,543 lots, down 10,418 lots. The DCE warehouse receipt is 800.00 lots, unchanged. The Singapore iron ore main - contract quote at 15:00 is 105.45 US dollars/ton, down 2.34 US dollars [2]. 2. Spot Market - The price of 61.5% PB powder ore at Qingdao Port is 858 yuan/dry ton, down 9 yuan; the price of 60.8% Mac ore at Qingdao Port is 850 yuan/dry ton, down 10 yuan. The price of 56.5% Super Special powder ore at Jingtang Port is 772 yuan/dry ton, down 9 yuan. The basis of the I main - contract (Mac powder dry ton - main contract) is 68 yuan, up 13 yuan. The 62% Platts iron ore index (previous day) is 109.20 US dollars/ton, up 1.80 US dollars. The ratio of Jiangsu scrap steel to 60.8% Mac ore at Qingdao Port is 3.29, down 0.03. The estimated import cost is 891 yuan/ton, up 15 yuan [2]. 3. Industry Situation - The global iron ore shipping volume (weekly) is 3,207.50 million tons, down 71.50 million tons; the arrival volume at 47 ports in China (weekly) is 3,144.10 million tons, up 368.30 million tons. The iron ore inventory at 47 ports (weekly) is 14,641.08 million tons, up 87.12 million tons; the iron ore inventory of sample steel mills (weekly) is 9,046.19 million tons, down 990.60 million tons. The monthly iron ore import volume is 11,632.60 million tons, up 1,110.60 million tons. The available days of iron ore (weekly) are 26.00 days, up 1 day. The daily output of 266 mines (weekly) is 39.20 million tons, down 0.16 million tons; the operating rate of 266 mines (weekly) is 62.54%, up 0.15%. The iron concentrate inventory of 266 mines (weekly) is 47.95 million tons, down 0.78 million tons. The BDI index is 2,144.00, up 208.00. The iron ore freight rate from Tubarao, Brazil to Qingdao is 25.20 US dollars/ton, up 1.64 US dollars; the iron ore freight rate from Western Australia to Qingdao is 9.82 US dollars/ton, up 0.20 US dollars [2]. 4. Downstream Situation - The blast furnace operating rate of 247 steel mills (weekly) is 84.25%, down 0.02%; the blast furnace capacity utilization rate of 247 steel mills (weekly) is 90.53%, down 0.10%. The monthly domestic crude steel output is 7,737 million tons, down 229 million tons [2]. 5. Option Market - The 20 - day historical volatility of the underlying (daily) is 17.19%, up 3.31%; the 40 - day historical volatility of the underlying (daily) is 18.65%, up 1.30%. The implied volatility of at - the - money call options (daily) is 20.88%, up 0.13%; the implied volatility of at - the - money put options (daily) is 20.16%, down 0.25% [2]. 6. Industry News - From October 06 to October 12, 2025, the global iron ore shipping volume was 3,207.5 million tons, a week - on - week decrease of 71.5 million tons. The shipping volume from Australia and Brazil was 2,731.0 million tons, a week - on - week decrease of 94.9 million tons. The Australian shipping volume was 1,916.3 million tons, a week - on - week decrease of 63.6 million tons, and the volume shipped from Australia to China was 1,584.5 million tons, a week - on - week decrease of 76.7 million tons. The Brazilian shipping volume was 814.7 million tons, a week - on - week decrease of 31.3 million tons. The arrival volume at 47 ports in China was 3,144.1 million tons, a week - on - week increase of 368.3 million tons; the arrival volume at 45 ports in China was 3,045.8 million tons, a week - on - week increase of 437.1 million tons; the arrival volume at the six northern ports was 1,423.5 million tons, a week - on - week decrease of 28.1 million tons [2].

Group 1: Investment Rating - No investment rating information provided Group 2: Core View - On October 14, 2025, the RB2601 contract remained weak. The tariff disturbances will continue to affect market sentiment in the short - term. The weekly output of rebar remains low, with the capacity utilization rate falling below 45%. Terminal demand is average, and inventory has changed from decreasing to increasing. Technically, the 1 - hour MACD indicator of the RB2601 contract shows that DIFF and DEA are running below the 0 axis. The operation strategy is to be bearish in the oscillation, paying attention to rhythm and risk control [2] Group 3: Summary by Directory 1. Futures Market - The closing price of the RB main contract is 3,061.00 yuan/ton, down 22 yuan; the position volume is 1,991,462 lots, up 38,714 lots. The net position of the top 20 in the RB contract is - 84,547 lots, down 17,978 lots. The RB1 - 5 contract spread is - 53 yuan/ton, up 3 yuan. The daily warehouse receipt of the RB on the SHFE is 290,165 tons, up 9,708 tons. The HC2601 - RB2601 contract spread is 180 yuan/ton, up 2 yuan [2] 2. Spot Market - The price of HRB400E 20MM in Hangzhou (theoretical weight) is 3,240.00 yuan/ton, down 20 yuan; (actual weight) is 3,323 yuan/ton, down 21 yuan. In Guangzhou (theoretical weight), it is 3,280.00 yuan/ton, unchanged. In Tianjin (theoretical weight), it is 3,150.00 yuan/ton, down 40 yuan. The basis of the RB main contract is 179.00 yuan/ton, up 2 yuan. The spot price difference between hot - rolled coil and rebar in Hangzhou is 80.00 yuan/ton, down 10 yuan [2] 3. Upstream Situation - The price of 61.5% PB fine ore at Qingdao Port is 791.00 yuan/wet ton, up 4.00 yuan. The price of quasi - first - grade metallurgical coke in Hebei is 1,490.00 yuan/ton, unchanged. The price of 6 - 8mm scrap steel in Tangshan (tax - excluded) is 2,280.00 yuan/ton, unchanged. The price of Q235 billet in Hebei is 2,940.00 yuan/ton, down 10.00 yuan. The inventory of iron ore at 45 ports is 140.2867 million tons, up 313,200 tons. The coke inventory of sample coking plants is 425,500 tons, up 34,900 tons. The coke inventory of sample steel mills is 6.5057 million tons, down 125,400 tons. The billet inventory in Tangshan is 1.276 million tons, up 79,400 tons. The blast furnace operating rate of 247 steel mills is 84.25%, down 0.02%. The blast furnace capacity utilization rate of 247 steel mills is 90.53%, down 0.10% [2] 4. Industry Situation - The weekly output of rebar of sample steel mills is 2.034 million tons, down 36,200 tons. The capacity utilization rate of sample steel mills is 44.59%, down 0.80%. The inventory of sample steel mills is 1.9234 million tons, up 334,300 tons. The social inventory of rebar in 35 cities is 4.673 million tons, up 239,600 tons. The operating rate of independent electric arc furnace steel mills is 64.58%, down 1.05%. The monthly output of domestic crude steel is 77.37 million tons, down 2.29 million tons. The monthly output of Chinese steel bars is 1.518 million tons, down 23,000 tons. The net export volume of steel is 991,700 tons, up 90,700 tons [2] 5. Downstream Situation - The national real - estate climate index is 93.05, down 0.28. The cumulative year - on - year growth rate of fixed - asset investment completion is 0.50%, down 1.10%. The cumulative year - on - year growth rate of real - estate development investment completion is - 12.90%, down 0.90%. The cumulative year - on - year growth rate of infrastructure construction investment is 2.00%, down 1.20%. The cumulative value of housing construction area is 643.109 million square meters, down 4.378 million square meters. The cumulative value of new housing construction area is 39.801 million square meters, down 4.595 million square meters. The unsold housing area is 40.229 million square meters, up 307,000 square meters [2] 6. Industry News - In early October 2025, key steel enterprises produced 20.32 million tons of crude steel, with an average daily output of 2.032 million tons, a 7.5% increase in daily output compared to the previous period; 18.75 million tons of pig iron, with an average daily output of 1.875 million tons, a 3.2% increase; 19.61 million tons of steel, with an average daily output of 1.961 million tons, an 8.5% decrease. Philadelphia Fed President Anna Paulson said on Monday that she favors two more 25 - basis - point interest rate cuts this year. The Ministry of Transport will start charging a special port fee for US - related ships from October 14, 2025 [2]

| 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) | 9959 | -63 期货收盘价(活跃合约):菜籽粕(日,元/吨) | 2348 | -44 | | | 菜油月间差(1-5):(日,元/吨) | 495 | 57 菜粕月间价差(1-5)(日,元/吨) | 57 | -20 | | 期货市场 | 主力合约持仓量:菜油(日,手) | 299838 | -3774 主力合约持仓量:菜粕(日,手) | 370714 | 6791 | | | 期货前20名持仓:净买单量:菜油(日,手) | 12769 | -2747 期货前20名持仓:净买单量:菜粕(日,手) | -84037 | -15155 | | | 仓单数量:菜油(日,张) | 7590 | -557 仓单数量:菜粕(日,张) | 9089 | 0 | | | 期货收盘价(活跃):ICE油菜籽(日,加元/吨) | 623.4 | -8.3 期货收盘价(活跃合约):油菜籽(日,元/吨) | 511 ...

锰硅硅铁产业日报 2025/10/14 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: 徐玉花 期货从业资格号F03132080 期货投资咨询从业证书号 Z0021386 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 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 任何机构和个人不得以任何形式翻版 究瑞达期货股份有限公司研究院 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 | | --- | --- | --- | --- | --- | --- | --- | | | SM主力合约收盘价（日，元/吨） | 5,738.00 | -8.00↓ | SF主力合约收盘价（日，元/吨） | 5,378.00 | -28.00↓ | | | SM期货合约持仓量（日，手） | 590,390.00 | +15988.00↑ | SF期货合约持仓量（日，手） | 411,119 ...