| 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) | 1714 | -28 郑州尿素9-1价差(日,元/吨) | -22 | 6 | | | 郑州尿素主力合约持仓量(日,手) | 141557 | -5600 郑州尿素前20名净持仓 | -18779 | 3449 | | | 郑州尿素交易所仓单(日,张) | 3233 | 333 | | | | 现货市场 | 河北(日,元/吨) | 1750 | 0 河南(日,元/吨) | 1780 | 10 | | | 江苏(日,元/吨) | 1790 | 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) | 56 | 28 | | | FOB波罗的海(日,美元/吨) | 430 | 0 FOB中国主港(日,美元/吨) | 425 | 0 | | 产业情况 | 港口库存(周,万吨) | 54.3 | 0.2 企业库存(周,万吨 ...

价货接受意愿较低，供需两弱局面。国内库存进入去库周期，随着国内不锈钢减产持续，库存下降有所加 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 不锈钢产业日报 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:不锈钢(日,元/吨) | 12805 | -115 08-09月合约价差:不锈钢(日,元/吨) | 10 | 10 | | | 期货前20名持仓:净买单量:不锈钢(日,手) | -23761 | 6549 主力合约持仓量:不锈钢(日,手) | 94448 | -8202 | | | 仓单数量:不锈钢(日,吨) | 103234 | 0 | | | | 现货市场 | 304/2B卷:切边:无锡(日,元/吨) | 13500 | 0 市场价:废不锈钢304:无锡(日,元/吨) | 9500 | 0 | | | SS主力合约基差(日,元/吨) | 365 | 115 | | | | 上游情况 | 电解镍 ...

鸡蛋产业日报 2025-07-31 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。 研究员: 许方莉 期货从业资格号F3073708 期货投资咨询从业证书号Z0017638 | 项目类别 | 数据指标 环比 数据指标 | 最新 | 最新 | 环比 | | --- | --- | --- | --- | --- | | | 期货收盘价(活跃合约):鸡蛋(日,元/500千 -48 期货前20名持仓:净买单量:鸡蛋(日,手) | 3522 | -40206 | 3397 | | 期货市场 | 克) 鸡蛋期货月间价差(9-1):(日,元/500千克) -20 期货持仓量(活跃合约):鸡蛋(日,手) | -86 | 236158 | -13536 | | ...

| | | | 集运指数（欧线）期货日报 | | 2025/7/31 | | --- | --- | --- | --- | --- | --- | | 项目类别 | 数据指标 最新 环比 数据指标 最新 | | | | 环比 | | | EC主力收盘价 -69.6↓ EC次主力收盘价 | 1425.100 | | 1692.3 | -63.10↓ | | 期货盘面 | EC2510-EC2512价差 -267.20 +2.10↑ EC2510-EC2602价差 | | | -59.60 | +3.70↑ | | | EC合约基差 891.46 +43.60↑ | | | | | | 期货持仓头寸（手） EC主力持仓量 | 51818 -3056↓ | | | | | | | SCFIS（欧线）（周） 2316.56 -83.94↓ SCFIS（美西线）（周） | | | 1,284.01 | -17.80↓ | | | SCFI（综合指数）（周） 1592.59 -54.31↓ 集装箱船运力（万标准箱） | | | 1,227.97 | 0.00↑ | | 现货价格 | CCFI（综合指数）（周） 1261 ...

国债期货日报 2025/7/31 端在期货 | | 7月31日 20:30 美国7月失业率 美国7月季调后非农就业人口(万人) | | --- | --- | | 重点关注 | 8月1日 20:30 美国至7月26日当周初请失业金人数(万人) 美国6月核心PCE物价指数年率 | 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 研究员： 廖宏斌 期货从业资格号F30825507 期货投资咨询从业证书号Z0020723 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 项目 | 最新 | 环比 | | --- | --- | ...

| | 7月30日 20:15 美国7月ADP就业人数(万人) | | --- | --- | | 重点关注 | 7月31日 02:00 美联储FOMC公布利率决议 | 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 国债期货日报 2025/7/30 | 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 | 108.300 | 0.15% T主力成交量 | 86268 | 7801↑ | | | TF主力收盘价 | 105.630 | 0.08% TF主力成交量 | 72345 | 7765↑ | | | TS主力收盘价 | 102.336 | 0.03% TS主力成交量 | 38836 | 465↑ | | | TL主力收盘价 | 118.360 | 0.4% TL主力成交量 | 159171 | 7641↑ | | 期货价差 | TL2512-2509价差 | -0.40 | -0.02↓ T09 ...

天然橡胶产业日报 2025-07-30 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 沪胶主力合约收盘价(日,元/吨) | 14945 | -65 20号胶主力合约收盘价(日,元/吨) | 12575 | -95 | | | 沪胶9-1价差(日,元/吨) | -805 | -20 20号胶9-10价差(日,元/吨) | -30 | -10 | | | 沪胶与20号胶价差(日,元/吨) | 2370 | 30 沪胶主力合约 持仓量(日,手) | 99492 | -9387 | | | 20号胶主力合约持仓量(日,手) | 47606 | -4373 沪胶前20名净持仓 | -29778 | -2201 | | | 20号胶前20名净持仓 | -11048 | -437 沪胶交易所仓单(日,吨) | 179910 | -2010 | | | 20号胶交易所仓单(日,吨) | 39716 | 908 | | | | 现货市场 | 上海市场国营全乳胶(日,元/吨) | 15000 | 10 ...

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - On July 30, the silicon ferro - alloy 2509 contract closed at 6008, up 0.77%. The spot price of Ningxia silicon ferro - alloy was reported at 5830, up 80 yuan/ton. With low - level operation of production, falling cost of Ningxia semi - coke, and generally weak steel demand expectations, the ferro - alloy production profit is currently negative. Technically, the 4 - hour cycle K - line is above the 20 and 60 moving averages, and it should be treated as an oscillating operation [2]. - On July 30, the manganese silicon 2509 contract closed at 6116, down 0.42%. The spot price of Inner Mongolia silicon manganese was reported at 5900. Manganese - based leading enterprises held a seminar to promote energy conservation and emission reduction in the industry, and supply may decline. Fundamentally, the manufacturers' start - up rate has rebounded for 8 consecutive weeks at a low level, inventory is moderately high, and downstream hot metal production is at a high level. Market - wise, this month's steel mill procurement prices have rebounded compared to the tender prices. Technically, the 4 - hour cycle K - line is above the 20 and 60 moving averages, and it should be treated as an oscillating and slightly stronger operation [2]. 3. Summary by Related Catalogs 3.1 Futures Market - SM主力合约收盘价为6,116.00元/吨，环比下降96.00元；SF主力合约收盘价为6,008.00元/吨，环比下降102.00元 [2]. - SM期货合约持仓量为651,212.00手，环比下降4189.00手；SF期货合约持仓量为438,378.00手，环比增加6020.00手 [2]. - 锰硅前20名净持仓为 - 120,404.00手，环比下降3885.00手；硅铁前20名净持仓为 - 47,806.00手，环比下降6249.00手 [2]. - SM1 - 9月合约价差为92.00元/吨，环比增加18.00元；SF1 - 9月合约价差为132.00元/吨，环比增加26.00元 [2]. - SM仓单为78,736.00张，环比下降454.00张；SF仓单为22,003.00张，环比下降6.00张 [2]. 3.2 Spot Market - 内蒙古锰硅FeMn68Si18价格为5,900.00元/吨，持平；内蒙古硅铁FeSi75 - B价格为5,870.00元/吨，环比上涨80.00元 [2]. - 贵州锰硅FeMn68Si18价格为5950.00元/吨，环比上涨50.00元；青海硅铁FeSi75 - B价格为5,710.00元/吨，环比上涨150.00元 [2]. - 云南锰硅FeMn68Si18价格为5,950.00元/吨，环比上涨50.00元；宁夏硅铁FeSi75 - B价格为5,830.00元/吨，环比上涨80.00元 [2]. - 锰硅指数均值为5688.00元/吨，环比上涨78.00元；SF主力合约基差为 - 178.00元/吨，环比上涨182.00元 [2]. - SM主力合约基差为 - 216.00元/吨，环比上涨96.00元 [2]. 3.3 Upstream Situation - 南非矿:Mn38块:天津港价格为37.00元/吨度，持平；硅石（98%西北）价格为210.00元/吨，持平 [2]. - 内蒙古乌海二级冶金焦价格为1050.00元/吨，环比上涨50.00元；兰炭（中料神木）价格为620.00元/吨，持平 [2]. - 锰矿港口库存为449.50万吨，环比增加21.00万吨 [2]. 3.4 Industry Situation - 锰硅企业开工率为41.58%，环比上涨1.05个百分点；硅铁企业开工率为33.33%，环比上涨0.88个百分点 [2]. - 锰硅供应为186,480.00吨，环比增加3640.00吨；硅铁供应为102,300.00吨，环比增加2300.00吨 [2]. - 锰硅厂家库存为205,000.00吨，环比下降11300.00吨；硅铁厂家库存为6.21万吨，环比下降0.14万吨 [2]. - 锰硅全国钢厂库存为14.24天，环比下降1.25天；硅铁全国钢厂库存为14.25天，环比下降1.13天 [2]. - 五大钢种锰硅需求为123670.00吨，环比增加289.00吨；五大钢种硅铁需求为20065.70吨，环比增加52.00吨 [2]. 3.5 Downstream Situation - 247家钢厂高炉开工率为83.48%，持平；247家钢厂高炉产能利用率为90.78%，环比下降0.14个百分点 [2]. - 粗钢产量为8318.40万吨，环比下降336.10万吨 [2]. 3.6 Industry News - 当地时间7月28日至29日，中美经贸中方牵头人与美方牵头人在瑞典斯德哥尔摩举行会谈，双方将推动已暂停的美方对等关税24%部分以及中方反制措施如期展期90天 [2]. - IMF将2025年中国经济增速大幅上调0.8个百分点至4.8% [2]. - 中国钢铁工业协会会长表示，2025年国家将继续实施粗钢产量调控政策，下半年相关调控措施将显现，钢铁供需矛盾将缓解 [2]. - 今年夏天全球多地极端高温带动我国空调出口增长，1 - 6月我国空调累计出口额达93.5亿美元，同比增长近10%；对欧盟国家空调出口量同比增长43.2%，出口金额达37.6亿美元，创同期历史新高 [2].

股指期货全景日报 2025/7/30 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 IF主力合约（2509） | 最新 4136.4 | 环比 数据指标 +1.8↑ IF次主力合约（2508） | 最新 4147.0 | 环比 +1.6↑ | | --- | --- | --- | --- | --- | --- | | | IH主力合约（2509） IC主力合约（2509） | 2820.0 6215.4 | +7.8↑ IH次主力合约（2508） -26.2↓ IC次主力合约（2508） | 2821.4 6271.2 | +9.0↑ -26.8↓ | | | IM主力合约（2509） | 6604.2 | -2 ...

1. Report Industry Investment Rating - Not mentioned in the report 2. Core View of the Report - Although the supply of cotton is tight before the new cotton is on the market, the downstream demand remains weak, the weather - related factors have cooled down, and the market has expectations for quotas. Therefore, the cotton 2509 contract will continue its weak trend. It is recommended to conduct short - selling transactions on rallies and pay attention to risk control [2] 3. Summary by Relevant Catalogs 3.1. Futures Market - The closing price of Zhengzhou cotton's main contract is 13,755 yuan/ton, down 170 yuan; the closing price of the main contract of cotton yarn is 19,870 yuan/ton, down 125 yuan - The net position of the top 20 in cotton futures is - 22,746 lots, an increase of 4,260 lots; the net position of the top 20 in cotton yarn futures is - 177 lots, an increase of 87 lots - The position of the main contract of cotton is 375,938 lots, a decrease of 37,724 lots; the position of the main contract of cotton yarn is 5,384 lots, a decrease of 2,257 lots - The number of cotton warehouse receipts is 9,055 sheets, a decrease of 101 sheets; the number of cotton yarn warehouse receipts is 91 sheets, unchanged [2] 3.2. Spot Market - The China Cotton Price Index (CCIndex:3128B) is 15,470 yuan/ton, down 110 yuan; the China Yarn Price Index for pure - combed 32 - count cotton yarn is 20,680 yuan/ton, down 40 yuan - The China Imported Cotton Price Index (FCIndexM:1% tariff) is 13,616 yuan/ton, down 122 yuan; the arrival price of the imported cotton yarn price index for pure - combed 32 - count cotton yarn is 22,033 yuan/ton, down 83 yuan - The China Imported Cotton Price Index (FCIndexM: sliding - scale duty) is 14,360 yuan/ton, down 89 yuan; the arrival price of the imported cotton yarn price index for pure - combed 32 - count fine - combed cotton yarn is 23,994 yuan/ton, unchanged [2] 3.3. Upstream Situation - The national cotton sowing area is 2,838.3 thousand hectares, an increase of 48.3 thousand hectares; the national cotton output is 6.16 million tons, an increase of 0.54 million tons - The cotton - cotton yarn price difference is 5,210 yuan/ton, an increase of 70 yuan; the national industrial inventory of cotton is 850,000 tons, an increase of 24,000 tons [2] 3.4. Industry Situation - The monthly import volume of cotton is 30,000 tons, a decrease of 10,000 tons; the monthly import volume of cotton yarn is 110,000 tons, an increase of 10,000 tons - The daily profit from importing cotton is 1,131 yuan/ton, a decrease of 48 yuan; the national commercial inventory of cotton is 2.8298 million tons, a decrease of 0.6289 million tons [2] 3.5. Downstream Situation - The yarn inventory days are 23.86 days, an increase of 1.52 days; the inventory days of grey cloth are 35.46 days, an increase of 2.57 days - The monthly output of cloth is 2.779 billion meters, an increase of 0.109 billion meters; the monthly output of yarn is 2.065 million tons, an increase of 0.114 million tons - The monthly export value of clothing and clothing accessories is 1.5266714 billion US dollars, an increase of 0.1688977 billion US dollars; the monthly export value of textile yarns, fabrics and products is 1.2048207 billion US dollars, a decrease of 0.0583566 billion US dollars [2] 3.6. Option Market - The implied volatility of at - the - money call options for cotton is 13.39%, a decrease of 2.76 percentage points; the implied volatility of at - the - money put options for cotton is 13.39%, a decrease of 2.75 percentage points - The 20 - day historical volatility of cotton is 9.63%, an increase of 0.98 percentage points; the 60 - day historical volatility of cotton is 8.71%, an increase of 0.19 percentage points [2] 3.7. Industry News - According to Mysteel research, the national commercial inventory of cotton is decreasing. As of July 25, 2025, the total commercial inventory of cotton is 2.3056 million tons, a decrease of 0.1519 million tons (a decrease of 6.18%) from the previous week. Among them, the commercial inventory of cotton in Xinjiang is 1.5433 million tons, a decrease of 0.1298 million tons (a decrease of 7.76%) from the previous week; the commercial inventory of cotton in the inland area is 0.409 million tons, a decrease of 0.0101 million tons (a decrease of 2.41%) from the previous week - On Tuesday, the December contract of ICE cotton closed down 0.94%. The cotton 2509 contract fell 1.89%, and the cotton yarn 2509 contract closed down 1.34% - Internationally, affected by the decline in the grain market, the strengthening of the US dollar, and the extension of Sino - US tariff measures, the price of US cotton futures has been continuously falling. The Sino - US talks in Stockholm, Sweden have ended. After the talks, relevant Chinese officials said that according to the consensus of the new round of Sino - US economic and trade talks, both sides will continue to promote the extension of the 24% part of the US reciprocal tariffs that have been suspended and China's counter - measures as scheduled. Currently, there is no change in the tariffs between the two countries, and no final trade agreement has been reached [2] 3.8. Domestic Situation - Cotton is in the process of destocking, and there is no news about quotas. The supply is tight before the new cotton is on the market. On the demand side, the textile industry is in the off - season of consumption. Inland textile enterprises have no profit, the overall operating rate continues to decline, and due to the recent rise in raw material prices, enterprises are more cautious in purchasing raw materials - In terms of new crops, the overall cotton planting area in China increased in 2025. The temperature in Xinjiang decreased slightly later this week, and the weather - related factors have cooled down [2]