Group 1: Report Investment Rating - No information provided Group 2: Core Viewpoints - On Thursday, the RB2601 contract fluctuated. The central bank announced a 600 billion yuan MLF operation on September 25, with a net injection of 300 billion yuan this month, a seventh consecutive month of increased roll - overs. The weekly output of rebar remained low with a capacity utilization rate of 45.26%. During the consumption peak season, inventory continued to decline and apparent demand increased. Overall, the steel market was mixed. With the approaching long - holiday, there would be a tug - of - war between bulls and bears, and the market might range - bound. Technically, the 1 - hour MACD indicator of the RB2601 contract showed that DIFF and DEA were near the 0 - axis with shrinking green bars. Short - term trading was recommended, paying attention to rhythm and risk control [2] Group 3: Summary by Directory Futures Market - RB main contract closing price was 3,167 yuan/ton, up 3 yuan; RB main contract open interest was 1,870,449 lots, down 11,775 lots; RB contract top 20 net positions were - 171,227 lots, up 20,425 lots; RB1 - 5 contract spread was - 58 yuan/ton, up 5 yuan; RB SHFE warehouse receipt daily report was 277,122 tons, up 7,616 tons; HC2601 - RB2601 contract spread was 191 yuan/ton, down 2 yuan [2] Spot Market - The price of HRB400E 20MM in Hangzhou (theoretical weight) was 3,340 yuan/ton, unchanged; in Hangzhou (actual weight) was 3,426 yuan/ton, unchanged; in Guangzhou (theoretical weight) was 3,340 yuan/ton, unchanged; in Tianjin (theoretical weight) was 3,230 yuan/ton, unchanged. RB main contract basis was 173 yuan/ton, down 3 yuan; Hangzhou hot - rolled coil - rebar spot spread was 80 yuan/ton, unchanged [2] Upstream Situation - The price of 61.5% PB fines at Qingdao Port was 789 yuan/wet ton, down 3 yuan; the price of Hebei quasi - first - grade metallurgical coke was 1,490 yuan/ton, unchanged; the price of 6 - 8mm scrap steel in Tangshan (tax - excluded) was 2,280 yuan/ton, unchanged; the price of Hebei Q235 billet was 3,030 yuan/ton, unchanged. The 45 - port iron ore inventory was 138.0422 million tons, down 489,100 tons; the sample coking plant coke inventory was 422,100 tons, down 15,500 tons [2] Industry Situation - The sample steel mill coke inventory was 6.449 million tons, up 112,900 tons; the Tangshan billet inventory was 1.225 million tons, up 7,700 tons. The 247 steel mill blast furnace operating rate was 84%, up 0.15 percentage points; the 247 steel mill blast furnace capacity utilization rate was 90.38%, up 0.18 percentage points. The sample steel mill rebar output was 2.0646 million tons, up 100 tons; the sample steel mill rebar capacity utilization rate was 45.26%, unchanged. The sample steel mill rebar inventory was 1.6441 million tons, down 6,600 tons; the 35 - city rebar social inventory was 4.7189 million tons, down 133,200 tons. The independent electric arc furnace steel mill operating rate was 67.71%, down 2.08 percentage points; the domestic crude steel output was 77.37 million tons, down 2.29 million tons. The monthly output of Chinese rebar was 1.518 million tons, down 23,000 tons; the net steel export volume was 901,000 tons, down 38,000 tons [2] Downstream Situation - The national real estate climate index was 93.05, down 0.28; the cumulative year - on - year growth rate of fixed - asset investment completion was 0.5%, down 1.1 percentage points; the cumulative year - on - year growth rate of real estate development investment completion was - 12.9%, down 0.9 percentage points; the cumulative year - on - year growth rate of infrastructure construction investment was 2%, down 1.2 percentage points. The cumulative value of housing construction area was 6.43109 billion square meters, down 43.78 million square meters; the cumulative value of new housing construction area was 398.01 million square meters, down 45.95 million square meters; the commercial housing unsold area was 402.29 million square meters, up 3.07 million square meters [2] Industry News - On September 25, Mysteel reported that the actual rebar output was 2.0646 million tons, up 100 tons week - on - week; the mill inventory was 1.6441 million tons, down 6,600 tons; the social inventory was 4.7189 million tons, down 133,200 tons; the total inventory was 6.363 million tons, down 139,800 tons; the apparent demand was 2.2044 million tons, up 104,100 tons. Also, on September 25, rainfall affected 2 tailings ponds in Guangxi with over 100 mm of rain (0 "over - head" ponds), and 65 tailings ponds in Guangxi, Guizhou and Yunnan with 50 - 100 mm of rain (1 "over - head" pond) [2]

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints of the Report - On September 25, the JM2601 contract of coking coal closed at 1234.5, up 0.98%. It is recommended to treat it as a volatile and bullish trend. The J2601 contract of coke closed at 1760.0, up 2.00%. It is also recommended to treat it as a volatile and bullish trend. Investors should pay attention to risk control [2]. 3. Summary According to Relevant Catalogs 3.1 Futures Market - The closing price of the JM main - contract was 1234.50 yuan/ton, up 10.00 yuan; the closing price of the J main - contract was 1760.00 yuan/ton, up 30.00 yuan. The JM futures contract持仓量 was 907095.00 hands, down 17976.00 hands; the J futures contract持仓量 was 53441.00 hands, up 822.00 hands [2]. - The net position of the top 20 coking coal contracts was - 115319.00 hands, up 5854.00 hands; the net position of the top 20 coke contracts was - 5802.00 hands, down 216.00 hands. The JM5 - 1 month contract spread was 93.50 yuan/ton, up 6.00 yuan; the J5 - 1 month contract spread was 140.00 yuan/ton, down 1.00 yuan [2]. - The coking coal warehouse receipts were 0.00; the coke warehouse receipts were 1690.00 [2]. 3.2 Spot Market - The price of Ganqimao Du Meng 5 raw coal was 1038.00 yuan/ton, down 2.00 yuan; the price of Tangshan Grade - 1 metallurgical coke was 1665.00 yuan/ton, unchanged. The price of Russian prime coking coal forward spot was 151.50 US dollars/wet ton, unchanged; the price of Rizhao Port quasi - Grade - 1 metallurgical coke was 1470.00 yuan/ton, unchanged [2]. - The price of imported prime coking coal from Australia at Jingtang Port was 1630.00 yuan/ton, unchanged; the price of Grade - 1 metallurgical coke at Tianjin Port was 1570.00 yuan/ton, unchanged. The price of prime coking coal produced in Shanxi at Jingtang Port was 1750.00 yuan/ton, up 70.00 yuan; the price of quasi - Grade - 1 metallurgical coke at Tianjin Port was 1470.00 yuan/ton, unchanged [2]. - The price of medium - sulfur prime coking coal in Lingshi, Jinzhong, Shanxi was 1270.00 yuan/ton, unchanged; the J main - contract basis was - 95.00 yuan/ton, down 30.00 yuan. The price of coking coal ex - factory in Wuhai, Inner Mongolia was 1080.00 yuan/ton, unchanged; the JM main - contract basis was 35.50 yuan/ton, down 10.00 yuan [2]. 3.3 Upstream Situation - The daily output of clean coal from 314 independent coal washing plants was 27.50 million tons, up 0.70 million tons; the weekly inventory of clean coal from 314 independent coal washing plants was 310.70 million tons, up 6.30 million tons. The weekly capacity utilization rate of 314 independent coal washing plants was 0.38%, up 0.01 percentage points; the monthly raw coal output was 39049.70 million tons, up 951.00 million tons [2]. - The monthly import volume of coal and lignite was 4274.00 million tons, up 713.00 million tons; the daily average output of raw coal from 523 coking coal mines was 194.00 million tons, up 4.10 million tons. The weekly inventory of imported coking coal at 16 ports was 515.32 million tons, up 48.97 million tons; the weekly inventory of coke at 18 ports was 260.80 million tons, up 2.49 million tons [2]. - The weekly total inventory of coking coal of independent coking enterprises in the full - sample was 940.41 million tons, up 56.87 million tons; the weekly inventory of coke of independent coking enterprises in the full - sample was 66.41 million tons, down 1.43 million tons. The weekly inventory of coking coal of 247 steel mills nationwide was 790.34 million tons, down 3.39 million tons; the weekly inventory of coke of 247 sample steel mills nationwide was 644.67 million tons, up 11.38 million tons [2]. - The weekly available days of coking coal of independent coking enterprises in the full - sample was 12.74 days, down 0.07 days; the weekly available days of coke of 247 sample steel mills was 11.42 days, up 0.13 days. The monthly import volume of coking coal was 1016.22 million tons, up 55.50 million tons; the monthly export volume of coke and semi - coke was 55.00 million tons, down 34.00 million tons [2]. - The monthly output of coking coal was 4089.38 million tons, up 25.00 million tons; the weekly capacity utilization rate of independent coking enterprises was 75.87%, down 0.05 percentage points. The weekly profit per ton of coke in independent coking plants was - 17.00 yuan/ton, down 52.00 yuan/ton. The monthly output of coke was 4259.70 million tons, up 74.20 million tons [2]. 3.4 Downstream Situation - The weekly blast furnace operating rate of 247 steel mills was 84.00%, up 0.15 percentage points; the weekly blast furnace iron - making capacity utilization rate of 247 steel mills was 90.38%, up 0.18 percentage points. The monthly output of crude steel was 7736.86 million tons, down 228.96 million tons [2]. 3.5 Industry News - On September 24, some coking enterprises proposed a price increase of 50 - 55 yuan/ton, and mainstream coking enterprises planned to propose the first - round price increase for coke on the 25th, intensifying the game between coking and steel enterprises [2]. - On September 24 local time, the US announced to reduce the tariff on imported cars from the EU to 15%, effective retroactively from August 1 [2]. - On September 23, 190 mining companies in Indonesia were subject to administrative penalties for failing to provide reclamation as required and comply with production quotas, and were ordered to suspend operations for up to 60 days. Most of the coal mines shut down were long - term shut - down mines, so the impact on Indonesia's current coal production and exports was limited [2]. - Multiple departments such as the Ministry of Industry and Information Technology issued a notice on printing and distributing the "Work Plan for Steady Growth of the Building Materials Industry (2025 - 2026)", proposing to strictly control the production capacity of cement and glass. No new production capacity of cement clinker and flat glass is allowed, and new or renovated projects must formulate production capacity replacement plans [2]. 3.6 Viewpoint Summary - For coking coal on September 25, the 2601 contract closed at 1234.5, up 0.98%. On the spot side, the price of Tangshan Meng 5 clean coal was reported at 1366, equivalent to 1146 on the disk. Macroscopically, according to the bilateral agreement between China and Mongolia, the three major import ports of Ganqimao Du, Ceke, and Mandula will be closed from October 1 to 7, 2025, and will resume normal customs clearance on October 8. Fundamentally, the capacity utilization rate of mines has rebounded for two consecutive weeks, some coal varieties have rebounded, the capacity utilization rate of independent coal washing plants has continued to rise, the cumulative import growth rate has declined for 3 consecutive months, and the inventory is neutral. Technically, the daily K is above the 20 - day and 60 - day moving averages. It is recommended to treat it as a volatile and bullish trend [2]. - For coke on September 25, the 2601 contract closed at 1760.0, up 2.00%. On the spot side, after the second - round price cut of coke was implemented, some coking enterprises proposed a price increase of 50 - 55 yuan/ton. Macroscopically, Guangdong issued an emergency notice on doing a good job in the defense of Typhoon "Huajiacha" and entered the typhoon defense state immediately. Fundamentally, on the demand side, the current iron - water output was 241.02 million tons, up 0.47 million tons, with the iron - water fluctuating at a high level, and the coke inventory was higher than the same period. In terms of profit, the average loss per ton of coke of 30 independent coking plants nationwide was 17 yuan/ton. Technically, the daily K is above the 20 - day and 60 - day moving averages. It is recommended to treat it as a volatile and bullish trend [2].

Report Industry Investment Rating - The report suggests a short - term bearish approach for cotton prices [2] Core Viewpoints - The new cotton season shows a significant increase in production, with the expected total cotton output in 2025 reaching 721.6 million tons, a year - on - year increase of 8.3% and an upward adjustment of 32.1 million tons from the previous period, hitting a new high since 2013. With only a small amount of new cotton on the market and the lack of a peak season in the downstream, the short - term support for cotton prices has weakened [2] Summary by Directory Futures Market - Zhengzhou cotton's main contract closing price is 13,530 yuan/ton, down 25 yuan; cotton yarn's main contract closing price is 19,780 yuan/ton, down 80 yuan. The net position of the top 20 in cotton futures is - 23,381 lots, an increase of 1,105 lots; for cotton yarn futures, it is 87 lots, an increase of 134 lots. The main contract positions for cotton are 525,141 lots, down 3,151 lots; for cotton yarn, it is 9,561 lots, down 2,220 lots. The cotton warehouse receipt quantity is 3,583 sheets, down 133 sheets; the cotton yarn warehouse receipt quantity is 0 sheets, unchanged [2] Spot Market - The China Cotton Price Index (CCIndex:3128B) is 15,083 yuan/ton, up 21 yuan; the China Imported Cotton Price Index (FCIndexM:1% tariff) is 13,336 yuan/ton, up 69 yuan; the China Imported Cotton Price Index (FCIndexM:sliding duty) is 14,181 yuan/ton, up 34 yuan. The China Yarn Price Index for pure - combed 32 - count cotton yarn is 20,615 yuan/ton, unchanged; the arrival price of imported pure - combed 32 - count cotton yarn is 21,464 yuan/ton, up 22 yuan; for imported pure - combed 32 - count cotton yarn, it is 22,652 yuan/ton, up 24 yuan [2] 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 616 million tons, an increase of 54 million tons. The cotton - yarn price difference is 5,532 yuan/ton, down 21 yuan; the national industrial inventory of cotton is 87 million tons, an increase of 1.3 million tons [2] Industry Situation - The monthly import volume of cotton is 7 million tons, an increase of 2 million tons; the monthly import volume of cotton yarn is 130,000 tons, an increase of 20,000 tons. The daily import cotton profit is 881 yuan/ton, down 105 yuan; the national commercial inventory of cotton is 148.17 million tons, down 70.81 million tons [2] Downstream Situation - The yarn inventory days are 26.58 days, down 0.65 days; the grey fabric inventory days are 33.87 days, down 1.31 days. The monthly cloth output is 2.701 billion meters, an increase of 0.01 billion meters; the monthly yarn output is 202.79 million tons, an increase of 3.64 million tons. The monthly export value of clothing and clothing accessories is 1,414,590.4 million US dollars, down 101,585.5 million US dollars; the monthly export value of textile yarns, fabrics and products is 1,239,320.2 million US dollars, up 78,919.3 million US dollars [2] Option Market - The implied volatility of cotton at - the - money call options is 8.95%, down 1.49%; the implied volatility of cotton at - the - money put options is 8.95%, down 1.49%. The 20 - day historical volatility of cotton is 9.29%, up 0.26%; the 60 - day historical volatility of cotton is 7.17%, down 0.01% [2] Industry News - As of September 18, the operating load of mainstream textile enterprises is 66.6%, a month - on - month increase of 0.15%, but the recovery of the operating rate has slowed down. Although it is the peak season, the downstream orders have limited growth. Most inland textile enterprises maintain a balance between procurement and sales, with an operating rate of 50% - 60% in inland areas and about 90% in Xinjiang. ICE cotton futures closed down on Wednesday, pressured by the strengthening US dollar [2] Viewpoint Summary - The 2025 national cotton is expected to have a total output of 721.6 million tons, a year - on - year increase of 8.3%, hitting a new high since 2013. With a small amount of new cotton on the market and the lack of a peak season in the downstream, the short - term support for cotton prices has weakened [2]

甲醇产业日报 2025-09-25 注外轮卸货速度及提货量变动。需求方面，华东地区烯烃企业整体负荷略有提升，神华新疆以及宁夏宝丰 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 三期装置重启，带动本周国内甲醇制烯烃开工率继续提升，关注青海盐湖烯烃装置下周是否重启。MA2601 免责声明 合约短线预计在2300-2380区间波动。 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 | 主力合约收盘价甲醇(日,元/吨) | 2356 | 5 甲醇1- ...

Report Summary 1) Report Industry Investment Rating - The report suggests maintaining long positions in the short - term [2] 2) Report's Core View - New - season apples: Western late - Fuji is undergoing large - scale bag removal with sporadic red fruit trading, stable prices, and good buyer enthusiasm. In Shandong, the Red General trading is mostly finished, late - Fuji bag removal has just started. The Red General's price varies due to quality, and the price of early - picked Fuji is higher than last year. Double - festival stocking is in progress, and western rainfall may delay large - scale bag removal. Market has high expectations for the opening price of late - maturing Fuji, providing some price support [2] - Inventory apples: Affected by mid - maturing variety trading, the inventory turnover in Shandong has slowed down [2] 3) Summary by Related Catalogs Futures Market - The closing price of the apple futures main contract is 8446 yuan/ton, the main contract's open interest is 6315 hands, and the net long position of the top 20 futures holders is 3880 hands, with a net long position increase of 508 hands [2] 现货市场 - The spot prices of apples in Gansu Jingning, Shandong Yiyuan, Shaanxi Luochuan, and Shandong Yantai Qixia are reported, with some prices showing no change [2] Upstream Situation - The national apple output is 5128.51 million tons [2] Industry Situation - The weekly apple wholesale price is 9.7 yuan/kg (down 0.06 yuan/kg), the average weekly wholesale price of Fuji apples is 9.35 yuan/kg (down 0.03 yuan/kg) - The national apple cold - storage inventory is 16.32 million tons (down 4.59 million tons), Shandong's apple storage capacity ratio is 0.04 (down 0.01), Shaanxi's is 0 - The monthly apple export volume is 70,000 tons (up 20,000 tons), the monthly apple export value is 6973.9 million US dollars (down 153306.5 million US dollars), and the monthly import value of fresh and dried fruits and nuts is 645.5 million US dollars - The profit of first - and second - grade paper - bag 80 apple storage merchants is 0.3 yuan/jin [2] Downstream Situation - The weekly average wholesale price of tangerines is 8.09 yuan/kg (down 0.65 yuan/kg), bananas is 3.83 yuan/kg (up 0.11 yuan/kg), and watermelons is 5.52 yuan/kg (down 0.04 yuan/kg) - The early - morning daily average number of trucks arriving at the Guangdong Jiangmen, Xiaqiao, and Chalong wholesale markets shows different changes [2] Option Market - The implied volatility of at - the - money call and put options for apples is 23.48% and 23.47% respectively, with an increase of 0.52% and 0.51% [2] Industry News - Western late - Fuji is in large - scale bag removal, with sporadic red fruit trading. Shandong's Red General trading is mostly over, and late - Fuji bag removal has just begun [2]

1. Report Industry Investment Rating - No information provided 2. Core View of the Report - A-share major indices closed generally higher with performance divergence, large-cap blue-chip stocks outperformed small and mid-cap stocks. The market is in a random walk state this week with less macro data and fewer disturbances from domestic and overseas news. With the approaching of the National Day and Mid-Autumn Festival holidays, market trading is relatively dull. The previously announced economic data shows that the economy in August was still under pressure, and the real estate had an obvious drag on fixed investment. The marginal weakening of the "trade-in" policy also put pressure on social retail sales. It is necessary to wait for further policy efforts. Although Powell's hawkish remarks put short-term pressure on the RMB, the dot plot shows that there will be two more interest rate cuts this year, and the subsequent depreciation pressure on the RMB is expected to ease, which will also provide space for domestic policy easing. The market is expected to remain volatile before the policy is implemented. It is recommended to wait and see for now [2] 3. Summary by Relevant Catalogs 3.1 Futures Disk - IF main contract (2512) was at 4562.2, up 39.6; IF sub-main contract (2510) was at 4585.0, up 37.8. IH main contract (2512) was at 2953.6, up 15.4; IH sub-main contract (2510) was at 2953.8, up 14.6. IC main contract (2512) was at 7166.6, up 30.8; IC sub-main contract (2510) was at 7293.2, up 32.8. IM main contract (2512) was at 7281.8, down 6.6; IM sub-main contract (2510) was at 7444.6, down 10.2. There were also changes in various spreads and differences between different quarters and the current month [2] 3.2 Futures Positions - IF's top 20 net positions were -28,681.00, down 261.0; IH's top 20 net positions were -17,213.00, up 845.0. IC's top 20 net positions were -25,724.00, down 719.0; IM's top 20 net positions were -40,023.00, down 1530.0 [2] 3.3 Spot Prices - The Shanghai and Shenzhen 300 was at 4593.49, up 27.4; the Shanghai Stock Exchange 50 was at 2952.7, up 13.2. The CSI 500 was at 7341.3, up 17.6; the CSI 1000 was at 7506.5, down 27.7. There were also corresponding changes in the basis of each main contract [2] 3.4 Market Sentiment - A-share trading volume (daily, billion yuan) was 23,917.71, up 446.16; margin trading balance (previous trading day, billion yuan) was 24,311.05, up 143.17. Northbound trading volume (previous trading day, billion yuan) was 2861.33, down 384.30. There were also changes in reverse repurchase, main funds, MLF, the proportion of rising stocks, Shibor, option prices and implied volatilities, and various ratios [2] 3.5 Wind Market Strength and Weakness Analysis - All A-shares were at 4.40, down 3.40; the technical aspect was at 2.70, down 5.50. The capital aspect was at 6.00, down 1.40 [2] 3.6 Industry News - On September 22, the loan prime rate (LPR) was announced, with the 1-year LPR at 3.0% and the 5-year and above LPR at 3.5%. At the press conference, the CSRC Chairman Wu Qing introduced that the "science" content of the capital market has been further improved, and the market value of the A-share technology sector currently accounts for more than 1/4. As of the end of August, various medium and long-term funds held about 21.4 trillion yuan of the A-share floating market value, a 32% increase compared to the end of the "13th Five-Year Plan", and foreign investors held 3.4 trillion yuan of A-share market value [2]

作上建议，玻璃主力短期逢低布局多单，注意操作风险。 数据来源于第三方，仅供参考。市场有风险，投资需谨慎！ 续底部。需求端当前地产形势不容乐观，房地产依旧表现低迷，若后续央行降息，对于地产需求将有所支 免责声明 撑，否则恐继续拖累玻璃需求，下游深加工订单小幅抬升，采购以刚需为主，整体库存虽然重新累库，后 续市场将会围绕需求端进行波动，整体去库存趋势依旧不变，今日玻璃继续上行，主要和去产能有关系， 当下玻璃整体利润不足，行业需求不佳，供给侧削减能短暂抬升玻璃价格，但预计后续上行动能减弱，操 纯碱玻璃产业日报 2025-09-25 | 项目类别 | 数据指标 纯碱主力合约收盘价(日,元/吨) | 最新 | 环比 数据指标 8 玻璃主力合约收盘价(日,元/吨) | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | | 纯碱与玻璃价差(日,元/吨) | 1315 45 | -25 纯碱主力合约持仓量(日,手) | 1270 1398447 | 33 -17058 | | | 玻璃主力合约持仓量(日,手) | 1371942 | 55793 纯碱前20名净持仓 | -25 ...

贵金属产业日报 2025-09-25 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 沪金主力合约收盘价(日,元/克) | 854.72 | -5.28 沪银主力合约收盘价(日,元/千克) | 10411 | 14 | | | 主力合约持仓量:沪金(日,手) | 266629 | -8136 主力合约持仓量:沪银(日,手) | 514351 | -1761 | | | 沪金主力前20名净持仓(日,手) | 167183 | -5591 沪银主力前20名净持仓(日,手) | 113727 | -5255 | | | 仓单数量:黄金(日,千克) | 65634 | 5091 仓单数量:白银(日,千克) | 1156855 | -4944 | | 现货市场 | 上海有色网黄金现货价(日,元/克) | 849.8 | -3.35 上海有色网白银现货价(日,元/千克) | 10314 | 46 | | | 沪金主力合约基差(日,元/克) | -4.92 | 1.93 沪银主力合约基差(日,元/ ...

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 免责声明 铁矿石产业链日报 2025/9/25 | 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） | 805.50 | +2.00↑ I 主力合约持仓量(手) | 529,740 | -9319↓ | | | I 1-5合约价差（元/吨） | 20 | -0.50↓ I 合约前20名净持仓(手) | -33567 | -1993↓ | | | I 大商所仓单（手） | 2,000.00 | 0.00 | | | | | 新加坡铁矿石主力合约截止15：00报价(美元/吨) | 106.05 | -0.12↓ | | | | 现货市场 | 青岛港61.5%PB粉矿 (元/干吨) | 860 | -2↓ 青岛港60.8%麦克粉矿 (元/干吨) | 851 | -3↓ | | | 京唐港56.5%超特粉矿 (元/干吨) | 771 | -2↓ I 主力合约基差 (麦克粉干吨- ...

铝类产业日报 2025/9/25 研究员: 陈思嘉 期货从业资格号F03118799 期货投资咨询从业证书号Z0022803 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， 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 | 最新 | 环比 数据指标 | | 环比 | | --- | --- | --- | --- | --- | --- | | | 沪铝主力合约收盘价(日,元/吨) | 20,765.00 | +60.00↑ 氧化铝期货主力合约收盘价(日,元/吨) | 2,942.00 | +35.00↑ | | | 主力-连二合约价差:沪铝(日,元/吨) 主力合约持仓量:沪铝(日,手) | -5.00 220,640.00 | -5.00↓ 主力-连二合约价差:氧化铝(日,元/吨) -674.00↓ 主力合约持仓量:氧化铝(日,手) | -33.00 303,116.00 | -7.00↓ -15757.0 ...