| | | 沪锌产业日报 2025-07-31 | 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) | 22345 | -325 08-09月合约价差:沪锌(日,元/吨) | -35 | 10 | | | LME三个月锌报价(日,美元/吨) | 2795.5 | -19 沪锌总持仓量(日,手) | 214027 | -9725 | | | 沪锌前20名净持仓(日,手) | 11306 | -419 沪锌仓单(日,吨) | 15232 | -75 | | | 上期所库存(周,吨) | 59419 | 4789 LME库存(日,吨) | 109050 | -3100 | | 现货市场 | 上海有色网0#锌现货价(日,元/吨) | 22300 | -380 长江有色市场1#锌现货价(日,元/吨) | 21820 | -950 | | | ZN主力合约基差(日,元/吨) | -45 | -55 LME锌升贴水(0-3)(日,美元/吨) | -2.69 | 1.2 ...

白糖产业日报 2025-07-31 | 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) | 5793 | -11 主力合约持仓量:白糖(日,手) | 255082 | -21949 -1532 | | | 仓单数量:白糖(日,张) | 19473 | -47 期货前20名持仓:净买单量:白糖(日,手) | 7075 | | | | 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/ | 0 | 0 | | | | 现货市场 | | 4533 | 39 进口加工估算价(配额内):泰国糖(日,元/ | 4585 | 40 51 | | | 吨) 进口巴糖估算价(配额外,50%关税)(日,元 | | 吨) | | | | | | 5761 | 51 进口泰糖估算价(配额外,50%关税)(日,元 | 5828 | | | | /吨) 现货价:白砂糖:昆明(日,元/吨) | 5900 | -15 现货价:白砂糖:南宁(日,元/吨) ...

玉米系产业日报 2025-07-31 | 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):(日,元/吨) 玉米月间价差(9-1):(日,元/吨) 期货持仓量(活跃合约):黄玉米(日,手) | 2288 79 769791 | -24 玉米淀粉期货收盘价(活跃合约):(日,元/ 吨) -15 玉米淀粉月间价差(9-11):(日,元/吨) 19476 期货持仓量(活跃合约):玉米淀粉(日,手) | 2660 93 162157 | -23 -1 -2989 | | 期货市场 | | | | | | | | 期货前20名持仓:净买单量:玉米(日,手) | -22570 | 6231 期货前20名持仓:净买单量:玉米淀粉(日, | -21587 | -3822 | | | 注册仓单量:黄玉米(日,手) | 154091 | 手) -2500 注册仓单量:玉米淀粉(日,手) | 0 | -2573 | | | 主力合约CS-C价差(日,元/吨) | 372 | 1 | | | | 外 ...

| 项目类别 | 数据指标 沪铝主力合约收盘价(日,元/吨) | 最新 20,510.00 | 环比 数据指标 -115.00↓ 氧化铝期货主力合约收盘价(日,元/吨) | 最新 3,222.00 | 环比 -104.00↓ | | --- | --- | --- | --- | --- | --- | | | 主力-连二合约价差:沪铝(日,元/吨) 主力合约持仓量:沪铝(日,手) | 80.00 248,613.00 | +15.00↑ 主力-连二合约价差:氧化铝(日,元/吨) -12750.00↓ 主力合约持仓量:氧化铝(日,手) | 12.00 135,096.00 | -9.00↓ -13478.00↓ | | | LME铝注销仓单(日,吨) | 14,500.00 | -475.00↓ 库存:氧化铝:合计(周,万吨) | 48,333.00 | +3669.00↑ | | | LME电解铝三个月报价（日，美元/吨） | 2,606.00 | -25.00↓ LME铝库存（日，吨） | 456,100.00 | +1825.00↑ | | 期货市场 | 沪铝前20名净持仓（日，手） | 8,465.0 ...

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core View of the Report The report indicates that on Thursday, the I2509 contract decreased with reduced positions. Macroeconomically, the Fed maintained the federal funds rate target range between 4.25% and 4.50%, in line with market expectations. In terms of supply - demand, the shipment volume of Australian and Brazilian iron ore increased this period, while the arrival volume decreased, and domestic port inventories continued to rise. Iron - water production remained above 2.4 million tons, and demand support still existed. Overall, due to the high linkage of the black series, the coking coal limit - down affected market sentiment, causing iron ore prices to decline under pressure. Technically, the 1 - hour MACD indicator of the I2509 contract showed that DIFF and DEA were weakening downward, with the green bar expanding. The recommended operation is short - term trading, paying attention to rhythm and risk control [2]. 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the I main contract was 779 yuan/ton, a decrease of 10 yuan; the position volume was 419,559 lots, a decrease of 32,551 lots. - The spread between the I 9 - 1 contracts was 25.5 yuan/ton, an increase of 2.5 yuan; the net position of the top 20 in the I contract was - 20,682 lots, a decrease of 604 lots. - The warehouse receipts of the Dalian Commodity Exchange for I were 3,600 lots, an increase of 200 lots. - The quotation of the Singapore iron ore main contract as of 15:00 was 100 US dollars/ton, a decrease of 1.71 US dollars [2]. 3.2 Spot Market - The price of 61.5% PB powder ore at Qingdao Port was 839 yuan/dry ton, an increase of 1 yuan; the price of 60.8% Mac fine ore at Qingdao Port was 824 yuan/dry ton, an increase of 2 yuan. - The price of 56.5% Super Special fine ore at Jingtang Port was 723 yuan/dry ton, a decrease of 5 yuan; the basis of the I main contract (Mac fine dry ton - main contract) was 45 yuan, an increase of 12 yuan. - The 62% Platts iron ore index (previous day) was 100.95 US dollars/ton, a decrease of 0.95 US dollars; the ratio of Jiangsu scrap steel to 60.8% Mac fine ore at Qingdao Port was 3.39, an increase of 0.07. - The estimated import cost was 831 yuan/ton, a decrease of 7 yuan [2]. 3.3 Industry Situation - The global iron ore shipment volume (weekly) was 32.009 million tons, an increase of 0.918 million tons; the arrival volume at 47 ports in China (weekly) was 23.197 million tons, a decrease of 1.921 million tons. - The iron ore inventory at 47 ports (weekly) was 143.9568 million tons, an increase of 0.1417 million tons; the iron ore inventory of sample steel mills (weekly) was 88.8522 million tons, an increase of 0.6306 million tons. - The iron ore import volume (monthly) was 105.95 million tons, an increase of 7.82 million tons; the available days of iron ore (weekly) were 23 days, an increase of 2 days. - The daily output of 266 mines (weekly) was 411,000 tons, an increase of 4,600 tons; the operating rate of 266 mines (weekly) was 64.68%, an increase of 0.68 percentage points. - The iron concentrate inventory of 266 mines (weekly) was 409,000 tons, a decrease of 43,500 tons; the BDI index was 1,995, a decrease of 114. - The freight rate of iron ore from Tubarao, Brazil to Qingdao was 23.59 US dollars/ton, a decrease of 0.64 US dollars; the freight rate of iron ore from Western Australia to Qingdao was 9.84 US dollars/ton, a decrease of 0.32 US dollars [2]. 3.4 Downstream Situation - The blast furnace operating rate of 247 steel mills (weekly) was 83.48%, unchanged; the blast furnace capacity utilization rate of 247 steel mills (weekly) was 90.78%, a decrease of 0.14 percentage points. - The domestic crude steel output (monthly) was 83.18 million tons, a decrease of 3.36 million tons [2]. 3.5 Option Market - The 20 - day historical volatility of the underlying (daily) was 22.40%, an increase of 0.45 percentage points; the 40 - day historical volatility of the underlying (daily) was 18.18%, an increase of 0.31 percentage points. - The implied volatility of at - the - money call options (daily) was 21.14%, an increase of 0.95 percentage points; the implied volatility of at - the - money put options (daily) was 18.41%, a decrease of 0.68 percentage points [2]. 3.6 Industry News - According to Mysteel statistics, the total inventory of imported sinter powder of 114 steel mills was 2.83069 million tons, an increase of 35,920 tons compared with the previous period. The total daily consumption of imported sinter powder was 115,700 tons, an increase of 2,230 tons compared with the previous period. The inventory - to - consumption ratio was 24.47, a decrease of 0.16 compared with the previous period. - From July 21st to July 27th, 2025, the arrival volume at 47 ports in China was 23.197 million tons, a decrease of 1.921 million tons compared with the previous period; the arrival volume at 45 ports in China was 22.405 million tons, a decrease of 1.307 million tons compared with the previous period; the arrival volume at the six northern ports was 11.573 million tons, a decrease of 2.319 million tons compared with the previous period [2]. 3.7 Key Points to Focus On - The iron ore port inventory in domestic ports, the blast furnace operating rate and capacity utilization rate of steel mills on Friday [2].

业整体出货集中，成品库存走低。下周检修企业开工恢复将对整体产能利用率形成一定拉动，但另有个别 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 合成橡胶产业日报 2025-07-31 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 主力合约收盘价:合成橡胶(日,元/吨) | 11495 | -280 主力合约持仓量:合成橡胶(日,元/吨) | 34820 | -4870 | | | 合成橡胶9-10价差(日,元/吨) 主流价:顺丁橡胶(BR9000,齐鲁石化):山 | 15 | -10 仓单数量:丁二烯橡胶:仓库:总计(日,吨) | 2290 | 0 | | 现货市场 | 东(日,元/吨) 主流价:顺丁橡胶(BR9000,大庆石化):上 | 11950 | 100 主流价:顺丁橡胶(BR9000,大庆石化):山 东(日,元/吨) 主流价:顺丁橡胶(BR9000,茂名石化):广 | 11800 | -50 | | | | 11900 | 0 | ...

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：RB：螺纹钢；HC：热轧卷板 螺纹钢产业链日报 2025/7/31 | 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) | 3,205.00 | -110↓ RB主力合约持仓量(手) | 1816026 | -213107↓ | | | RB合约前20名净持仓(手) | -58700 | -59984↓ RB10-1合约价差(元/吨) | -56 | 0.00 | | | RB上期所仓单日报(日，吨) | 85034 | 0.00 HC2510-RB2510合约价差(元/吨) | 185 | +17↑ | | 现货市场 | 杭州 HRB400E 20MM(理计，元/吨) | 3,380.00 | -100↓ 杭州 HRB400E 20MM(过磅，元/吨) | 3,467 | -103↓ | | | 广州 HRB400E 20MM(理计，元/吨) | 3,470.00 | -10↓ 天津 HRB40 ...

沪铜产业日报 2025/7/31 助理研究员: 陈思嘉 期货从业资格号F03118799 研究员: 王福辉 期货从业资格号F03123381 期货投资咨询从业证书号Z0019878 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。 | 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:沪铜(日,元/吨) | 78,040.00 | -890.00↓ LME3个月铜(日,美元/吨) | 9,626.00 | -72.50↓ | | | 主力合约隔月价差(日,元/吨) | -10.00 | 0.00 主力 ...

纯碱玻璃产业日报 2025-07-31 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | | 纯碱主力合约收盘价(日,元/吨) 纯碱与玻璃价差(日,元/吨) | 1247 130 | -64 玻璃主力合约收盘价(日,元/吨) 10 纯碱主力合约持仓量(日,手) | 1117 974024 | -74 109991 | | | 玻璃主力合约持仓量(日,手) | | 142138 纯碱前20名净持仓 | | | | | | 1101265 | | -344377 | -14009 | | 期货市场 | 玻璃前20名净持仓 | -215547 | -19125 纯碱交易所仓单(日,吨) | 1500 | 145 | | | 玻璃交易所仓单(日,吨) | 0 | 0 纯碱9月-1月合约价差 | -83 | 6 | | | 玻璃合约9月-1月价差 | -129 | -4 纯碱基差(日,元/吨) | -11 | 7 | | | 玻璃基差(日,元/吨) | 1 | -3 | | | | | 华北重碱(日,元/吨) ...

，施压苹果市场，苹果2510合约继续下跌，短期偏弱震荡。操作上建议暂时观望。 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 | 10月合约收盘价:苹果(日,元/吨) -101 主力合约持仓量:苹果(日,手) 仓单数量:苹果(日,张) 0 期货前20名持仓:净买单量:苹果(日,手) | 7814 0 | | | 88131 2395 | -5697 -1234 | | 现货市场 | 山东烟台栖霞现货价格(纸袋80#以上一 甘肃静宁苹果现货价格(纸袋75#以上)( ...