| 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) | 22220 | -35 10-11月合约价差:沪锌(日,元/吨) | -20 | 30 | | | LME三个月锌报价(日,美元/吨) | 3012 | 27.5 沪锌总持仓量(日,手) | 210056 | -2545 | | | 沪锌前20名净持仓(日,手) | 7712 | 1874 沪锌仓单(日,吨) | 58494 | -1120 | | | 上期所库存(周,吨) | 106950 | 8940 LME库存(日,吨) | 37475 | -475 | | 现货市场 | 上海有色网0#锌现货价(日,元/吨) | 22210 | 10 长江有色市场1#锌现货价(日,元/吨) | 22150 | 110 | | | ZN主力合约基差(日,元/吨) | -10 | 45 LME锌升贴水(0-3)(日,美元/吨) | 201.6 | 101.15 | | | 昆明50%锌精矿到厂价(日,元/吨) | ...

| | 集运指数（欧线）期货日报 | | | 2025/10/14 | | --- | --- | --- | --- | --- | | 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 | 1674.100 | 114.7↑ EC次主力收盘价 | 1464.4 | +106.40↑ | | 期货盘面 | EC2512-EC2602价差 209.70 | +7.10↑ EC2512-EC2604价差 | 524.10 | +60.10↑ | | EC合约基差 | -642.30 | -111.60↓ | | | | 期货持仓头寸（手） EC主力持仓量 | 27191 | -1580↓ | | | | SCFIS（欧线）（周） | 1031.80 | 14.70↑ SCFIS（美西线）（周） | 862.48 | -14.34↓ | | | SCFI（综合指数）（周） 1114.52 | -45.90↓ 集装箱船运力（万标准箱） | 1,227.97 | -0.12↓ | | 现货价格 | CCFI（综合指数）（周） 1087.41 72.63↑ CCFI（欧线）（ ...

玉米系产业日报 2025-10-13 | 项目类别 | 数据指标 | 最新 | 环比 | 数据指标 | 最新 | 环比 | -33 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) | 2092 | 2401 | -31 | | | | | | | | | 吨) | 玉米月间价差(1-5):(日,元/吨) | -7 玉米淀粉月间价差(11-1):(日,元/吨) | -86 | -1 | -3 | 期货持仓量(活跃合约):黄玉米(日,手) | -39308 期货持仓量(活跃合约):玉米淀粉(日,手) | 552055 | 128727 | -6016 | | 期货市场 | -8137 期货前20名持仓:净买单量:玉米淀粉(日, | 期货前20名持仓:净买单量:玉米(日,手) | -38911 | -36940 | 959 | | | | | | | 手) | 注册仓单量:黄玉米(日,手) | 14009 注册仓单量:玉米淀粉 ...

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：T为10年期国债期货，TF为5年期国债期货，TS为2年期国债期货 | 项目类别 | 数据指标 最新 | 最新 | 环比 项目 | | 环比 | | --- | --- | --- | --- | --- | --- | | 期货盘面 | T主力收盘价 | 108.065 | 0.1% T主力成交量 | 85927 | 17628↑ | | | TF主力收盘价 | 105.685 | 0.03% TF主力成交量 | 60280 | 9441↑ | | | TS主力收盘价 | 102.370 | 0.02% TS主力成交量 | 31658 | 1102↑ | | | TL主力收盘价 | 114.440 | 0.37% TL主力成交量 | 124744 | 16507↑ | | 期货价差 | TL2512-2603价差 | 0.33 | +0.00↑ T12-TL12价差 | -6.38 | -0.39↓ | | | T2512-2603价差 | 0.31 | +0.02↑ TF12-T12价差 | -2.38 | -0.05↓ | | | TF2512 ...

Group 1: Report Investment Rating - No information provided Group 2: Core Views - The rapeseed meal is expected to maintain a weak and volatile trend, while the rapeseed oil is expected to continue the destocking mode, and their future trends depend on Sino - Canadian and Sino - US trade policies [2] Group 3: Summary by Directory 1. Futures Market - Futures closing prices: Rapeseed oil was 10,022 yuan/ton (down 39 yuan), rapeseed meal was 2,392 yuan/ton (up 1 yuan), ICE rapeseed was 623.4 CAD/ton (down 8.3 CAD), and domestic rapeseed was 5,397 yuan/ton (up 129 yuan) [2] - Month - to - month spreads: Rapeseed oil (1 - 5) was 438 yuan/ton (down 21 yuan), and rapeseed meal (1 - 5) was 77 yuan/ton (up 14 yuan) [2] - Main contract positions: Rapeseed oil was 303,612 lots (down 10,376 lots), and rapeseed meal was 363,923 lots (down 7,785 lots) [2] - Top 20 net long positions: Rapeseed oil was 15,516 lots (down 438 lots), and rapeseed meal was - 68,882 lots (down 5,622 lots) [2] - Warehouse receipts: Rapeseed oil was 8,147 sheets (up 90 sheets), and rapeseed meal was 9,089 sheets (down 110 sheets) [2] 2. Spot Market - Spot prices: Rapeseed oil in Jiangsu was 10,150 yuan/ton (down 180 yuan), rapeseed meal in Nantong was 2,460 yuan/ton (unchanged), rapeseed in Yancheng, Jiangsu was 5,700 yuan/ton (unchanged) [2] - Average prices: Rapeseed oil was 10,243.75 yuan/ton (down 180 yuan), and the import cost of rapeseed was 7,439.98 yuan/ton (up 20.67 yuan) [2] - Basis: Rapeseed oil main contract basis was 128 yuan/ton, and rapeseed meal main contract basis was 68 yuan/ton [2] - Substitute prices: Fourth - grade soybean oil in Nanjing was 8,540 yuan/ton (down 60 yuan), 24 - degree palm oil in Guangdong was 9,260 yuan/ton (down 200 yuan), and soybean meal in Zhangjiagang was 2,930 yuan/ton (down 30 yuan) [2] - Price differences: Rapeseed - soybean oil was 1,610 yuan/ton (down 120 yuan), rapeseed - palm oil was 890 yuan/ton (up 20 yuan), and soybean - rapeseed meal was 470 yuan/ton (down 30 yuan) [2] 3. Upstream Situation - Global rapeseed production forecast was 90.96 million tons (up 1.38 million tons), and the annual forecast for rapeseed production was 12,378 thousand tons (unchanged) [2] - Rapeseed imports were 24.66 million tons (up 7.06 million tons), and the import rapeseed disc crushing profit was 972 yuan/ton (up 29 yuan) [2] - Total rapeseed inventory in oil mills was 5 million tons (unchanged), and the weekly operating rate of imported rapeseed was 3.73% (down 1.6%) [2] 4. Industry Situation - Imports: Rapeseed oil and mustard oil were 14 million tons (up 1 million tons), and rapeseed meal was 18.31 million tons (down 8.72 million tons) [2] - Inventories: Coastal rapeseed oil was 6 million tons (down 1.67 million tons), coastal rapeseed meal was 1.15 million tons (down 1.53 million tons), East China rapeseed oil was 50.9 million tons (unchanged), East China rapeseed meal was 28.59 million tons (down 0.34 million tons), Guangxi rapeseed oil was 2.8 million tons (down 0.75 million tons), and South China rapeseed meal was 21.1 million tons (down 0.3 million tons) [2] - Weekly pick - up volumes: Rapeseed oil was 3.18 million tons (up 1.63 million tons), and rapeseed meal was 2.41 million tons (down 0.38 million tons) [2] 5. Downstream Situation - Feed production was 2,927.2 million tons (up 99.9 million tons), and edible vegetable oil production was 450.6 million tons (up 30 million tons) [2] - Social consumer goods retail sales of catering revenue was 449.57 billion yuan (down 8.4 billion yuan) [2] 6. Options Market - Implied volatility of at - the - money call options: Rapeseed meal was 19.62% (down 1.16%), and rapeseed oil was 13.43% (down 1.04%) [2] - Implied volatility of at - the - money put options: Rapeseed meal was 19.62% (down 1.16%), and rapeseed oil was 13.45% (down 1.02%) [2] - Historical volatility (20 - day): Rapeseed meal was 23.55% (up 0.73%), and rapeseed oil was 17.23% (up 1.7%) [2] - Historical volatility (60 - day): Rapeseed meal was 24.81% (up 0.31%), and rapeseed oil was 14.85% (up 0.52%) [2] 7. Industry News - ICE Canadian rapeseed futures closed down, with the benchmark contract down 1.4%, following the external market [2] - US Midwest soybean harvest was advancing, and the expected high - yield of US soybeans continued to restrain prices. US soybean exports faced pressure as China had not ordered current - year US soybeans [2] - Canadian rapeseed production was estimated at 20 million tons, the highest since 2018, and the harvest was underway, putting pressure on prices [2] - Indonesia's B50 biodiesel policy advanced, benefiting the palm oil market, but Malaysia's palm oil inventory increased by 7.2% to 2.36 million tons at the end of September [2] 8. Rapeseed Meal View Summary - Supply - side pressure was small due to restricted imports, but demand was weakening as aquaculture demand declined with the temperature drop, and soybean meal substitution was strong [2] - The market was cautious due to the lack of US government data, and the rapeseed meal was expected to maintain a weak and volatile trend [2] 9. Rapeseed Oil View Summary - The initial ruling on anti - dumping of Canadian rapeseed was expected to tighten imports in the fourth quarter, and rapeseed oil would continue to destock, supporting prices [2] - However, soybean oil supply was abundant, and rapeseed oil demand was mainly for essential use. Affected by the weakening of external oils, rapeseed oil closed down in a volatile manner [2] 10. Key Points to Watch - The weekly rapeseed operating rate and rapeseed oil and meal inventories from Myagric, and the trends of Sino - Canadian and Sino - US trade relations [2]

、PS、ABS投产集中于11月至12月，上下游投产错配或加深供需矛盾。下游利润偏低、部分行业成品库存 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 国际油价跌幅显著。短期EB2511预计偏弱震荡，区间预计在6590-6760附近。 积累，限制需求端提升空间。库存压力偏高，或维持缓慢去化趋势。受美国称将对华加征关税影响，周五 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):苯乙烯(日,元/吨) | 6690 | -53 期货成交量(活跃:成交量):苯乙烯(EB)(日, 25922 11月合约收盘价:苯乙烯(日,元/吨) | 224685 48758 -53 | | | 前20名持仓:买单量:苯乙烯(日,手) | | 手) | | | | | 412956 | | 6690 | | | 期货持仓量(活跃:成交量):苯乙烯(EB)(日, | 318521 | -21531 ...

锰硅硅铁产业日报 2025/10/13 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） | 5,746.00 | -14.00↓ | SF主力合约收盘价（日，元/吨） | 5,406.00 | -30.00↓ | | | SM期货合约持仓量（日，手） | 574,402.00 | +9081.00↑ | SF期货合约持仓量（日，手） | 409,688.00 | +30544.00↑ | | 期货市场 | 锰硅前20名净持仓（日，手） | -54,938.00 | +776.00↑ | 硅铁前20名 ...

| 项目类别 | 数据指标 数据指标 | 最新 | 环比 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:苹果(日,元/吨) -106 主力合约持仓量:苹果(日,手) | 8638 | | 122813 | -2712 | | | 期货前20名持仓:净买单量:苹果(日,手) | 4222 | -6679 | | | | 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, | | | 2.3 | 0 | | | | 4 | 0 | | | | | 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) 全国:苹果产量(年,万吨) 二级果农货)(日,元/斤) | 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) 陕西苹果库容比 ...

棉花(纱)产业日报 2025-10-13 。操作上，暂且观望为主。 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。 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 郑棉主力合约收盘价(日,元/吨) | 13300 | -25 棉纱主力合约收盘价(日,元/吨) | 19360 | -15 | | | 棉花期货前20名净持仓(手) | -67175 | -16138 棉纱期货前20名净持仓(手) | -346 | -140 | | | ...

| 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) | 20,885.00 | -95.00↓ 氧化铝期货主力合约收盘价(日,元/吨) | 2,820.00 | -36.00↓ | | | 主力-连二合约价差:沪铝(日,元/吨) 主力合约持仓量:沪铝(日,手) | -25.00 170,895.00 | -10.00↓ 主力-连二合约价差:氧化铝(日,元/吨) -23403.00↓ 主力合约持仓量:氧化铝(日,手) | -2.00 351,910.00 | +29.00↑ +15457.00↑ | | | LME铝注销仓单(日,吨) | 103,125.00 | 0.00 库存:氧化铝:合计(周,万吨) | 206,586.00 | +18363.00↑ | | 期货市场 | LME电解铝三个月报价（日，美元/吨） | 2,746.00 | -36.50↓ LME铝库存（日，吨） | 508,825.00 | +225.00↑ | | | 沪铝前20名净持仓（日， ...