Group 1: Investment Rating - No investment rating information provided in the report Group 2: Core View - Recent increase in the number of culled chickens has alleviated the previous supply pressure. It is expected that the short - term de - capacity speed will be relatively gentle. Near - month contracts are expected to fluctuate within a range, and for the far - month May contract, considering the alleviation of supply pressure, one can consider building long positions on dips [7] Group 3: Summary by Directory 1. Futures and Spot Market Data - **Futures Market**: JD01 closed at 3114 (down 8 from the previous close), JD05 at 3534 (down 26), JD09 at 3996 (down 56). The 01 - 05 spread was - 420 (up 18), 05 - 09 was - 462 (up 30), 09 - 01 was 882 (down 48). The ratios of 01, 05, 09 eggs to corn and soybeans also had corresponding changes [2] - **Spot Market**: The main producing area average price was 3.00 yuan/jin (unchanged), and the main sales area average price was 3.22 yuan/jin (unchanged). The average price of culled chickens was 3.87 yuan/jin (down 0.02 yuan/jin) [2] - **Profit Calculation**: The profit per chicken was 0.15 yuan (down 0.04 yuan from the previous day). The average price of culled chickens was 3.87 yuan/jin (down 0.02 yuan), the average price of chicken seedlings was 3.21 yuan (up 0.04 yuan), and the prices of feed such as corn, soybeans, and egg - laying chicken compound feed also had some changes [2] 2. Fundamental Information - **Price Trends**: The average price of the main producing areas remained unchanged, and the average price of the main sales areas increased by 0.02 yuan/jin. The national mainstream price remained stable, and the egg prices in various regions were mostly stable with some local fluctuations [4] - **Egg - laying Hen Inventory**: In November, the national inventory of laying hens was 1.352 billion, a decrease of 80 million from the previous month, and an increase of 5.5% year - on - year. Based on previous replenishment data, the estimated inventory in December 2025, January, February, and March 2026 is approximately 1.348 billion, 1.338 billion, 1.325 billion, and 1.315 billion respectively [5] - **Chicken Culling and Sales**: In the week of December 5, the number of culled chickens in the main producing areas was 20.82 million, a decrease of 5% from the previous week. The average culling age was 488 days, a decrease of 1 day from the previous week. The egg sales volume in the representative sales areas was 7115 tons, a decrease of 4% from the previous week [5][6] - **Profit and Inventory**: As of November 21, the average weekly profit per jin of eggs was - 0.26 yuan/jin, a decrease of 0.11 yuan/jin from the previous week. As of December 5, the average weekly inventory in the production and circulation links increased by 0.04 days and 0.07 days respectively compared to the previous week [6] 3. Trading Logic - The recent increase in the number of culled chickens has alleviated the supply pressure. The short - term de - capacity speed is expected to be gentle. Near - month contracts are expected to fluctuate within a range, and for the far - month May contract, considering the alleviation of supply pressure, one can consider building long positions on dips [7] 4. Trading Strategy - **Single - side**: It is expected to fluctuate within a range in the short term. One can consider building long positions on dips for far - month contracts [8] - **Arbitrage**: It is recommended to wait and see [8] - **Options**: It is recommended to wait and see [8]

1. Report Industry Investment Rating No information provided. 2. Core Viewpoints of the Report - The cotton market has strong fundamentals with multiple positive factors supporting it. There is a high probability that US cotton will move in a range-bound manner, while Zhengzhou cotton is expected to show a moderately bullish trend. It is recommended to build long positions on dips [6][7]. - The cotton yarn industry has a weak downstream demand. The cotton yarn market has a light trading volume, and the weaving mills have high inventory levels. Attention should be paid to the trend of Zhengzhou cotton and downstream restocking [9]. 3. Summary by Directory 3.1 Market Information - **Futures Market**: Most cotton and cotton yarn futures contracts closed lower. For example, the CF01 contract closed at 13,940, down 60; the CY01 contract closed at 19,855, down 40 [2]. - **Spot Market**: The CCIndex3128B price was 15,130 yuan/ton, up 68; the CY IndexC32S price was 20,830, unchanged [2]. - **Spreads**: In cotton, the 1 - 5 - month spread was -5, down 15; in cotton yarn, the 1 - 5 - month spread was -185, down 20 [2]. 3.2 Market News and Views - **Cotton Market News** - In November 2025, China's imported cotton yarn volume was about 150,000 tons, a month - on - month increase of about 10,000 tons and a year - on - year increase of about 30,000 tons. From January to November 2025, the total imported cotton yarn volume was 1.33 million tons, a year - on - year decrease of about 40,000 tons [4]. - In November 2025, China imported 120,000 tons of cotton, a year - on - year increase of 11,800 tons and a month - on - month increase of 31,000 tons. From January to November 2025, the cumulative imported cotton volume was 890,000 tons, a year - on - year decrease of 64% [4]. - The average temperature in the US cotton - growing areas was 49.79°F, 3.21°F higher than the same period last year; the average rainfall was 0.05 inches, 0.28 inches lower than the same period last year. The temperature in Texas increased and precipitation decreased, and the La Nina climate in the Northern Hemisphere winter may lead to drought during the sowing season [5]. - **Trading Logic**: Positive factors in the market support a strong cotton fundamentals. Technically, cotton has increased in positions and broken through the previous platform, with potential for further upward movement [6]. - **Trading Strategies** - **Single - side**: US cotton is likely to move in a range - bound manner, while Zhengzhou cotton is expected to trend moderately bullish [7]. - **Arbitrage**: Hold a wait - and - see attitude [8]. - **Options**: Hold a wait - and - see attitude [9]. - **Cotton Yarn Industry News** - Zhengzhou cotton is moderately bullish. The trading volume in the pure - cotton yarn market is light, mainly for rigid demand. Weaving mills have high inventory levels, but there is still restocking demand in some areas. The price of pure - cotton yarn was stable to slightly weak last week, and spinning mills with high inventory levels promoted sales by reducing prices [9]. - The trading volume in the all - cotton greige fabric market is light, with only small orders in some areas. Weaving mills have high inventory levels and limited destocking effects [9]. 3.3 Options - **Volatility**: The 10 - day HV of cotton yesterday was 6.4492, with a slight increase in volatility. The implied volatility of CF601 - C - 13400 was 6.7%, that of CF601 - P - 13000 was 11.4%, and that of CF601 - P - 12400 was 17.8% [11]. - **Options Strategy**: Hold a wait - and - see attitude [13]. 3.4 Related Attachments - The report provides multiple charts, including those showing the 1% tariff - based domestic and foreign cotton price spreads, cotton basis for different months, and spreads between cotton and cotton yarn contracts [15][18][22][23].

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - International sugar prices are showing signs of bottoming out, with a short - term expectation of a slightly bullish and oscillating trend. Domestic sugar prices are trending downward and are likely to remain weak in the short term, but there is some support at the current price level [9][10]. 3. Summary by Directory 3.1 Data Analysis - **Futures Market**: On December 18, 2025, SR09 closed at 5,120, down 34 (-0.66%); SR01 closed at 5,192, down 23 (-0.44%); SR05 closed at 5,102, down 37 (-0.72%). The trading volume and open interest of each contract also changed to varying degrees [3]. - **Spot Market**: The spot prices of sugar in different regions showed a general downward trend. For example, the price in Liuzhou was 5390, down 20; in Kunming, it was 5220, down 25 [3]. - **Basis**: The basis in different regions varied, with Liuzhou at 198, Kunming at 28, etc. [3]. - **Inter - monthly Spread**: The spread between SR05 - SR01 was - 90, down 14; SR09 - SR05 was 18, up 3; SR09 - SR01 was - 72, down 11 [3]. - **Import Profit**: The quota - free and in - quota import prices from Brazil and Thailand and their spreads with domestic prices were provided. For example, the quota - free price of Brazilian sugar was 5127, with a spread of 263 compared to Liuzhou [3]. 3.2 Market Judgment - **Important Information**: In November 2025, China imported 440,000 tons of sugar, a year - on - year decrease of 90,000 tons. From January to November 2025, the cumulative import was 4.34 million tons, a year - on - year increase of 380,000 tons. As of the end of November in the 25/26 sugar - making season, China imported 1.19 million tons, a year - on - year increase of 120,000 tons. As of December 17, the number of ships waiting to load sugar in Brazilian ports increased, and the quantity of sugar waiting to be shipped also increased [5]. - **Logical Analysis**: Internationally, the Brazilian sugar - making season is approaching the end, the supply pressure is easing, and international sugar prices are showing signs of bottoming out. Domestically, although new sugar production is increasing and sales pressure is rising, factors such as tightened imports of syrups and premixes, high production costs, and the current price approaching the out - of - quota cost line provide some support to the price [9]. - **Trading Strategies**: - **Single - side**: International sugar prices are expected to oscillate at the bottom in the short term. Domestic sugar prices are likely to remain weak, but the downward space is limited [10]. - **Arbitrage**: Go long on the January contract and short on the May contract [11]. - **Options**: Adopt a wait - and - see approach [11]. 3.3 Related Attachments The report includes multiple charts showing data such as monthly inventories, monthly production, spot prices, basis, and spreads in different regions and contracts of sugar, which can be used for further analysis of the sugar market [12][16][17][21][26][27].

1. Report Information - Report title: Stock Index Futures Data Daily Report [1] - Date: December 18, 2025 [2] 2. IM Futures 2.1 Daily Quotes - CSI 1000 closed at 7,272.40, down 0.22%; trading volume was 20,004, down 9%; turnover was 34.9 billion, down 5% [3] - IM2512 closed at 7,275.40, down 0.26%; trading volume was 78,623, down 36%; turnover was 11.48 billion, down 36%; open interest was 50,338, down 35,409 [3] - IM2601 closed at 7,213.00, down 0.16%; trading volume was 39,669, down 9%; turnover was 5.74 billion, down 8%; open interest was 84,085, up 11,570 [3] - IM2603 closed at 7,066.00, down 0.03%; trading volume was 87,621, down 10%; turnover was 12.41 billion, down 9%; open interest was 166,683, up 7,011 [8] - IM2606 closed at 6,822.20, down 0.05%; trading volume was 18,703, down 25%; turnover was 2.56 billion, down 24%; open interest was 73,498, down 1,446 [8] - Total trading volume of the four IM contracts was 224,616, down 65,504 from the previous day; total open interest was 374,604, down 18,274 from the previous day [5] 2.2 Basis and Premium/Discount - The main contract of IM was at a discount of 206.4 points, up 8.34 points from the previous day; the annualized basis rate was -11.46% [5] - The dividend impacts of the four IM contracts were 0.67 points, 0.66 points, 0.67 points, and 42.34 points respectively [5] 2.3 Main Seats - Details of trading volume, long positions, and short positions of the top 20 seats in IM2512, IM2601, IM2603, and IM2606 contracts are provided [19][21][23] 3. IF Futures 3.1 Daily Quotes - CSI 300 closed at 4,552.79, down 0.59%; trading volume was 15,168, down 15%; turnover was 38.21 billion, down 16% [24] - IF2512 closed at 4,550.40, down 0.73%; trading volume was 53,558, down 37%; turnover was 7.32 billion, down 37%; open interest was 37,690, down 24,245 [24] - IF2601 closed at 4,531.20, down 0.73%; trading volume was 30,353, up 7%; turnover was 4.13 billion, up 7%; open interest was 54,550, up 8,789 [24] - IF2603 closed at 4,505.00, down 0.68%; trading volume was 50,112, down 18%; turnover was 6.78 billion, down 18%; open interest was 150,187, up 6,425 [24] - IF2606 closed at 4,455.40, down 0.70%; trading volume was 11,980, down 20%; turnover was 1.6 billion, down 20%; open interest was 39,869, up 1,704 [24] - Total trading volume of the four IF contracts was 146,003, down 43,587 from the previous day; total open interest was 282,296, down 7,327 from the previous day [25] 3.2 Basis and Premium/Discount - The main contract of IF was at a discount of 47.79 points, up 0.09 points from the previous day; the annualized basis rate was -4.16% [25] - The dividend impacts of the four IF contracts were 2.62 points, 6.24 points, 7.43 points, and 37.78 points respectively [25] 3.3 Main Seats - Details of trading volume, long positions, and short positions of the top 20 seats in IF2512, IF2601, IF2603, and IF2606 contracts are provided [37][39][40] 4. IC Futures 4.1 Daily Quotes - CSI 500 closed at 7,100.84, down 0.52%; trading volume was 15,490, down 11%; turnover was 27.55 billion, down 9% [42] - IC2512 closed at 7,101.00, down 0.71%; trading volume was 46,235, down 39%; turnover was 6.6 billion, down 39%; open interest was 34,085, down 22,568 [42] - IC2601 closed at 7,069.80, down 0.45%; trading volume was 30,418, up 4%; turnover was 4.32 billion, up 5%; open interest was 57,737, up 7,456 [42] - IC2603 closed at 6,973.60, down 0.27%; trading volume was 57,027, down 10%; turnover was 7.97 billion, down 9%; open interest was 127,506, up 5,666 [42] - IC2606 closed at 6,776.00, down 0.26%; trading volume was 12,826, down 20%; turnover was 1.74 billion, down 19%; open interest was 44,391, up 1,189 [42] - Total trading volume of the four IC contracts was 146,506, down 38,325 from the previous day; total open interest was 263,719, down 8,257 from the previous day [43] 4.2 Basis and Premium/Discount - The main contract of IC was at a discount of 127.24 points, up 14.59 points from the previous day; the annualized basis rate was -7.16% [43] - The dividend impacts of the four IC contracts were 0.82 points, 0.37 points, 0.82 points, and 66.05 points respectively [43] 4.3 Main Seats - Details of trading volume, long positions, and short positions of the top 20 seats in IC2512, IC2601, IC2603, and IC2606 contracts are provided [53][55][57] 5. IH Futures 5.1 Daily Quotes - SSE 50 closed at 2,998.52, up 0.23%; trading volume was 3,255, down 15%; turnover was 8.27 billion, down 23% [59] - IH2512 closed at 2,995.00, down 0.02%; trading volume was 22,829, down 37%; turnover was 2.05 billion, down 37%; open interest was 16,779, down 11,717 [59] - IH2601 closed at 2,989.20, up 0.02%; trading volume was 10,970, up 14%; turnover was 0.98 billion, up 15%; open interest was 14,464, up 2,148 [59] - IH2603 closed at 2,986.00, down 0.05%; trading volume was 21,452, down 13%; turnover was 1.92 billion, down 13%; open interest was 43,414, up 1,547 [59] - IH2606 closed at 2,976.00, up 0.05%; trading volume was 3,338, down 21%; turnover was 0.3 billion, down 21%; open interest was 11,494, up 20 [59] - Total trading volume of the four IH contracts was 58,589, down 16,253 from the previous day; total open interest was 86,151, down 8,002 from the previous day [59] 4.2 Basis and Premium/Discount - The main contract of IH was at a discount of 12.52 points, down 1.44 points from the previous day; the annualized basis rate was -1.65% [60] - The dividend impacts of the four IH contracts were 9.95 points, 8.67 points, 9.95 points, and 27.98 points respectively [60] 4.3 Main Seats - Details of trading volume, long positions, and short positions of the top 20 seats in IH2512, IH2601, IH2603, and IH2606 contracts are provided [74][76][78]

Report Overview - Report Title: Galaxy Futures' Daily Report on Oils and Fats - Report Date: December 18, 2025 - Report Type: Agricultural Product Research Report 1. Report Industry Investment Rating - Not provided in the report 2. Report's Core View - Short - term, oils and fats lack drivers, with large intraday fluctuations, and overall maintain a volatile trend. It is recommended to wait and see for now, and consider buying at low prices after the decline stabilizes [8]. 3. Summary by Directory 3.1 Data Analysis - **Spot Prices and Basis**: For soybeans, the 2605 closing price was 7802, down 20. Spot prices in Zhangjiagang, Guangdong, and Tianjin were 8282, 8352, and 8202 respectively, with basis and their changes varying by region. For palm oil, the 2605 closing price was 8368, up 26. Spot prices and basis also differed by region. For rapeseed oil, the 2605 closing price was 8945, down 5, and similar variations were seen in spot prices and basis [2]. - **Monthly Spread Closing Prices**: The 5 - 9 monthly spread for soybeans was 44, down 24; for palm oil, it was 88, down 14; and for rapeseed oil, it was - 3, down 16 [2]. - **Cross - Variety Spreads**: The 05 contract Y - P spread was - 566, down 46; the OI - Y spread was 1143, up 15; the OI - P spread was 577, down 31; and the oil - meal ratio was 2.84, up 0.002 [2]. - **Import Profits**: For 24 - degree palm oil from Malaysia and Indonesia with a 1 - month ship - period, the CNF price was 1025, and the margin profit was - 224. For crude rapeseed oil from Rotterdam with a 1 - month ship - period, the FOB price was 1068, and the margin profit was - 1631 [2]. - **Weekly Commercial Inventories**: In the 50th week of 2025, soybean oil inventory was 95.3 tons (down from 113.7 tons last week and 116.3 tons last year); palm oil inventory was 65.3 tons (down from 68.4 tons last week and up from 53.8 tons last year); rapeseed oil inventory was 33.6 tons (down from 35.3 tons last week and 45.6 tons last year) [2]. 3.2 Fundamental Analysis - **International Market**: According to foreign media, the Indonesian Palm Oil Association (GAPKI) reported that Indonesia's palm oil exports in October were 2.8 million tons, about 3% lower than the same period last year. The production of crude palm oil in October was 4.35 million tons, and the inventory at the end of October was 2.33 million tons, lower than 2.59 million tons in the previous month [4]. - **Domestic Market**: - **Palm Oil**: Futures prices fluctuated slightly higher. As of December 12, 2025, the commercial inventory in key regions was 652,700 tons, a decrease of 31,000 tons from last week, a decline of 4.53%. It is currently at a neutral level in the same period of history. The origin quotation was stable, and the import profit inversion widened to around - 200. The basis was stable. It is recommended to consider high - selling and low - buying [4]. - **Soybean Oil**: Futures prices fluctuated slightly lower. Last week, the actual soybean crushing volume of oil mills was 203,750 tons, with an operating rate of 56.05%, a decrease from the previous week. As of December 12, 2025, the commercial inventory in key regions was 1.1374 million tons, a decrease of 25,600 tons from last week, a decline of 2.20%. It is at a relatively high level in the same period of history, but the inventory inflection point has arrived. It is expected to maintain a bottom - volatile trend [4][6]. - **Rapeseed Oil**: Futures prices fluctuated slightly lower. Last week, the crushing volume of rapeseed in major coastal oil mills was 0 tons, with an operating rate of 0%, and the rapeseed inventory was exhausted. As of December 12, 2025, the coastal rapeseed oil inventory was 336,000 tons, a decrease of 17,000 tons, still at a high level in the same period of history, but the inventory was continuously decreasing. The European rapeseed oil FOB quotation was stable at around 1100 US dollars, and the import profit inversion widened to around - 1000. It is recommended to consider high - selling and low - buying [6]. 3.3 Trading Strategy - **Single - Side**: Short - term, oils and fats lack drivers, with large intraday fluctuations, and overall maintain a volatile trend. It is recommended to wait and see for now, and consider buying at low prices after the decline stabilizes [8]. - **Arbitrage**: Wait and see [9]. - **Options**: Wait and see [10]. 3.4 Related Attachments - The report provides multiple charts, including those showing the spot basis of East China's first - grade soybean oil, South China's 24 - degree palm oil, East China's third - grade rapeseed oil, as well as monthly spreads and cross - variety spreads of different oils [13][14][17][21].

研究所 农产品研发报告 花生日报 2025 年 12 月 18 日 | 第一部分 | | | | | 数据 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 花生数据日报 | | | | | | | | 2025/12/18 | | 期货盘面 | | | | | | | | | | 期货 | | 收盘价 | 涨跌 | 涨跌幅 | 成交量 | 增减幅 | 持仓量 | 增减幅 | | PK604 | | 7960 | 2 | 0.03% | 45,593 | -31.83% | 29,402 | -6.08% | | PK510 | | 8190 | -10 | -0.12% | 74 | -50.00% | 969 | 0.31% | | PK601 | | 8066 | -12 | -0.15% | 2,722 | -32.22% | 22,490 | -6.47% | | 现货与基差 | | | | | | | | | | 现货 | | 河南南阳 | 山东济宁 | 山东临沂 | 日照花生粕 | 日照豆粕 | 花生油 | 日照一 ...

Report Overview - The report is a shipping daily from the Commodity Research Institute, dated December 18, 2025, focusing on container shipping, specifically the Container Shipping Index (European Line) [1][2][4] 1. Report Industry Investment Rating - Not provided in the given content 2. Report's Core View - The EC market experienced a corrective oscillation on December 18th. The market continues to speculate on the freight rate trend in January. The short - term market will remain volatile at a high level, and there are still differences in the market's expectations for the January freight rate. The key factors for future expected differences are the price adjustment rhythm and the time of the peak in January [5][6] 3. Summary by Relevant Catalogs 3.1 Market Analysis and Strategy Recommendation 3.1.1 Market Performance - On December 18, the EC2602 contract closed at 1,668.6 points, down 1.84% from the previous day. The latest delivery settlement price of the EC2512 contract on December 12 was 1,510.56 points, up 0.1% month - on - month, and it was lower than market expectations, which drove the EC2512 contract to correct downward [5] 3.1.2 Logic Analysis - **Spot Freight Rates**: The spot cargo - booking situation has improved recently. MSK released a quote for European base ports in the first week of the new year. Different shipping companies have different pricing strategies for December and January. For example, CMA will levy a PSS of $250/TEU from December 29 [6] - **Fundamentals**: The shipping volume from December to January is expected to gradually improve. The weekly average capacity of Shanghai - Northern Europe 5 ports in December is 283,000 TEU. The weekly average capacities in January and February 2026 are 296,500 TEU and 280,700 TEU respectively. The January capacity increased by about 3% compared with the previous week's schedule, and the February capacity decreased by 3.7% [6] - **Geopolitical Factors**: The second phase of the Israel - Palestine peace talks has begun but is still tortuous. The statements of shipping companies and the resumption of shipping after the Spring Festival need to be observed [6] 3.1.3 Trading Strategies - **Unilateral**: Partially take profits and hold part of the long positions in the EC2602 contract. Pay attention to the implementation of shipping companies' price increases and the improvement rhythm of cargo volume [7] - **Arbitrage**: Stay on the sidelines [8] 3.2 Industry News - In 2025, the number of container ship orders reached a new record of 633 ships, totaling 5.08 million TEUs, with Chinese shipyards accounting for 72% of the orders. There are concerns about future over - capacity in the container market [9] - Russian President Putin's speech indicates that the US government's efforts to reach a peace agreement in Ukraine have not changed the Kremlin's military goals [9] - If Putin rejects the peace agreement, the US is prepared to impose new sanctions on Russia [9] 3.3 Related Attachments - The report includes multiple figures, such as the SCFIS European Line Index, SCFIS US - West Line Index, SCFI Comprehensive Index, and container freight rates for different routes, which are sourced from institutions like Shanghai Shipping Exchange, Clarksons, and Wind [10][13][17]

研究所 农产品研发报告 玉米淀粉日报 2025 年 12 月 18 日 玉米淀粉日报 第一部分 数据 | 玉米&玉米淀粉数据日报 | | | | | | | | 2025/12/18 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 期货盘面 | | | | | | | | | | 期货 | | 收盘价 | 涨跌 | 涨跌幅 | 成交量 | 增减幅 | 持仓量 | 增减幅 | | C2601 | | 2216 | -7 | -0.32% | 137,230 | -39.05% | 317,591 | -15.36% | | C2605 | | 2226 | -13 | -0.58% | 113,549 | 12.66% | 453,330 | 0.21% | | C2509 | | 2253 | -12 | -0.53% | 8,307 | 62.91% | 37,645 | 3.96% | | CS2601 | | 2499 | -13 | -0.52% | 107,745 | 48.81% | 104,235 | -19.56% | | ...

期 货 眼 ·日 迹 每日早盘观察 银河期货研究所 2025 年 12 月 18 日 0 / 51 研究所 期货眼·日迹 | 股指期货：反弹再受美股情绪影响 4 | | --- | | 国债期货：博弈反弹行情 5 | | 蛋白粕：供应压力较大 | 盘面继续承压 6 | | --- | --- | | 白糖：国际糖价小幅下跌 | 郑糖大跌后调整 6 | | 油脂板块：棕榈油技术性反弹，油脂整体仍处于底部震荡 8 | | | 玉米/玉米淀粉：现货回落，盘面底部震荡 9 | | | 生猪：供应压力好转 | 现货小幅反弹 10 | | 花生：花生现货回落，花生盘面窄幅震荡 10 | | | 鸡蛋：需求表现一般 | 蛋价稳定为主 11 | | 苹果：需求表现一般 | 果价稳定为主 12 | | 棉花-棉纱：新棉销售较好 | 棉价震荡偏强 13 | | 钢材：原料止跌企稳，钢价触底反弹 15 | | --- | | 双焦：波动加大，关注交易逻辑的变化 15 | | 铁矿：市场预期反复，矿价震荡运行 16 | | 铁合金：成本有支撑，需求存压制 17 | | 金银：美联储释放鸽派信号 再现金稳银强走势 18 | | --- ...

研究所 农产品研发报告 油脂日报 第一部分 数据分析 | | | | | | 银河期货油脂日报 | | | | | | 2025/12/17 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 油脂现货价格及基差 | | | | | | | | | 品种 | 2605收盘价 | 涨跌 | | 各品种地区现货价 | | | | | 现货基差（分别为：一豆、24度、三菜） | | | | | 豆油 | 7822 | (50) | 张家港 | 广东 | 天津 | | 广东 | | | 涨跌幅 张家港 涨跌幅 天津 涨跌幅 | | | | 8332 | | | | 8382 | 8242 | | 560 | 10 | 510 | 0 | 420 | 0 | | 棕榈油 | 8342 | (68) | 广东 | 张家港 | 天津 | | 广州 | | | 涨跌幅 张家港 涨跌幅 天津 涨跌幅 | | | | 8312 | | | | 8432 | 8452 | | -30 | -1 ...