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农产品早报-20251015
Yong An Qi Huo· 2025-10-15 00:59
Group 1: Report Information - Report date: October 15, 2025 [2] - Report team: Research Center's Agricultural Products Team [2] Group 2: Corn and Starch Price Data | Location | 2025/09/30 | 2025/10/09 | 2025/10/10 | 2025/10/13 | 2025/10/14 | Change | | --- | --- | --- | --- | --- | --- | --- | | **Corn - Changchun** | 2230 | 2110 | 1980 | 1970 | 1970 | 0 | | **Corn - Jinzhou** | 2190 | 2130 | 2120 | 2100 | 2080 | -20 | | **Corn - Weifang** | 2264 | 2150 | 2140 | 2130 | 2120 | -10 | | **Corn - Shekou** | 2440 | 2410 | 2380 | 2340 | 2310 | -30 | | **Corn - Basis** | 47 | -8 | -5 | 8 | -13 | -21 | | **Corn - Trade Profit** | 115 | 145 | 125 | 105 | 90 | -15 | | **Corn - Import Profit** | 306 | 290 | 262 | 223 | 216 | -7 | | **Starch - Heilongjiang** | 2750 | 2750 | 2750 | 2750 | 2750 | 0 | | **Starch - Weifang** | 2850 | 2850 | 2850 | 2800 | 2800 | 0 | | **Starch - Basis** | 237 | 225 | 223 | 254 | 270 | 16 | | **Starch - Processing Profit** | 9 | 86 | 96 | 126 | - | - | [3] Market Analysis - **Corn**: New - season corn has been listed. Short - term prices will be weak due to concentrated supply. Mid - to long - term, focus on the game between farmers and traders. With increased production and lower costs, prices are approaching cost. Low prices and good quality may trigger farmers' resistance to selling, leading to a price rebound [4]. - **Starch**: After the holiday, raw material prices are down, but starch price adjustment is limited due to high production costs. Short - term, lower raw material prices and rising inventory will suppress starch prices. Mid - to long - term, price drops may stimulate downstream replenishment and support prices [4]. Group 3: Sugar Price Data | Location | 2025/09/30 | 2025/10/09 | 2025/10/10 | 2025/10/13 | 2025/10/14 | Change | | --- | --- | --- | --- | --- | --- | --- | | **Sugar - Liuzhou** | 5890 | 5870 | 5870 | 5850 | 5850 | 0 | | **Sugar - Nanning** | 5780 | 5800 | 5800 | 5800 | 5810 | 10 | | **Sugar - Kunming** | 5810 | 5820 | 5820 | - | 5780 | - | | **Sugar - Liuzhou Basis** | 397 | 342 | 374 | 380 | 453 | 73 | | **Sugar - Thai Import Profit** | 232 | 160 | 202 | - | - | - | | **Sugar - Brazilian Import Profit** | 414 | 341 | 384 | - | - | - | | **Sugar - Zhengzhou Warehouse Receipts** | 8968 | 8898 | 8867 | 8681 | 8488 | -193 | [5] Market Analysis - International sugar prices are under pressure due to Brazil's peak crushing season. Brazil's yield and sugar - extraction rate are low, and the sugar - making ratio is high, increasing production uncertainty. The domestic market follows the international market, with imported sugar arriving and downward pressure on prices [5]. Group 4: Cotton and Cotton Yarn Price Data | Indicator | 2025/09/30 | 2025/10/09 | 2025/10/10 | 2025/10/13 | 2025/10/14 | Change | | --- | --- | --- | --- | --- | --- | --- | | **Cotton - 3128** | 14545 | 14500 | 14500 | 14450 | 14425 | -25 | | **Cotton - Imported M - grade US Cotton** | 75.2 | 74.6 | 74.2 | 73.6 | 73.4 | - | | **Cotton - CotlookA(FE)** | 76.9 | 76.6 | 76.1 | 75.3 | - | - | | **Cotton - Import Profit** | 1059 | 1063 | 1152 | 1214 | - | - | | **Cotton - Warehouse Receipts + Forecast** | 3103 | 3041 | 2970 | 2898 | 2875 | -23 | | **Cotton Yarn - Vietnamese Yarn Spot** | 2.52 | 2.52 | 2.52 | 2.52 | 2.52 | 0 | | **Cotton Yarn - Vietnamese Yarn Import Profit** | 267 | 200 | 219 | 205 | 203 | -2 | | **Cotton Yarn - 32S Spinning Profit** | -507 | -465 | -465 | -412 | -386 | 26 | [16] Market Analysis - Cotton is in a consolidation phase, waiting for demand verification. Without major macro - risks, the April low may be the long - term bottom. Downside is limited, and focus on demand changes [6]. Group 5: Eggs Price Data | Location | 2025/09/30 | 2025/10/09 | 2025/10/10 | 2025/10/13 - 14 | Change | | --- | --- | --- | --- | --- | --- | | **Eggs - Hebei** | 3.40 | 3.00 | 2.89 | 2.78 | 0.00 | | **Eggs - Liaoning** | 3.33 | 2.93 | 2.82 | 2.71 | 0.00 | | **Eggs - Shandong** | 3.45 | 2.75 | 2.75 | 2.60 | 0.00 | | **Eggs - Henan** | 3.45 | 2.85 | 2.85 | 2.60 | 0.00 | | **Eggs - Hubei** | 3.53 | 3.02 | 2.93 | 2.70 | 0.05 | | **Eggs - Basis** | 731 | 420 | 461 | 245 | -113.00 | | **Eggs - White - feather Broiler** | 3.40 | 3.40 | 3.40 | 3.38 | -0.02 | | **Eggs - Yellow - feather Broiler** | 3.65 | 3.30 | 3.30 | 3.35 | 0.00 | | **Eggs - Pigs** | 19.31 | 18.64 | 18.85 | 18.48 | 0.01 | [12] Market Analysis - Before the holiday, there was high uncertainty about holiday consumption and post - holiday restocking. Spot prices dropped 12.5% during the holiday, and the futures market declined after the holiday. In the short term, supply is high, demand is seasonally low, and prices are expected to be weak. Focus on the pace of culling hens, which can support prices [12]. Group 6: Apples Price Data | Indicator | 2025/09/30 | 2025/10/09 | 2025/10/10 | 2025/10/13 | 2025/10/14 | Change | | --- | --- | --- | --- | --- | --- | --- | | **Apples - Shandong 80 First and Second - grade** | 7500.00 | 7500.00 | 7500.00 | 7500.00 | 7500.00 | 0.00 | | **Apples - Shaanxi 70 Common** | - | - | 3.75 | 3.75 | 3.75 | 0.00 | | **Apples - 1 - month Basis** | -1117.00 | -1133.00 | -1244.00 | -1138.00 | -1164.00 | -26.00 | | **Apples - 5 - month Basis** | -933.00 | -1022.00 | -1175.00 | -1127.00 | -1161.00 | -34.00 | | **Apples - 10 - month Basis** | -1688.00 | -1680.00 | -1675.00 | -1650.00 | -1700.00 | -50.00 | [12][13] Market Analysis - In the new season, apples in the western region are being bag - removed, and those in Shandong are delayed due to rain. Production in the west may increase slightly, but tree - felling is a problem. Shandong may see a 20% reduction. Overall, production is similar to last year, and quality is affected in some areas. The average opening price is above 3.5 yuan/jin [13]. Group 7: Pigs Price Data | Location | 2025/09/30 | 2025/10/09 | 2025/10/10 | 2025/10/13 | 2025/10/14 | Change | | --- | --- | --- | --- | --- | --- | --- | | **Pigs - Henan Kaifeng** | 12.43 | 11.28 | 11.18 | 10.93 | 10.98 | 0.05 | | **Pigs - Hubei Xiangyang** | 12.30 | 11.25 | 11.05 | 10.80 | 10.80 | 0.00 | | **Pigs - Shandong Linyi** | 12.67 | 11.67 | 11.27 | 10.97 | 11.07 | 0.10 | | **Pigs - Anhui Hefei** | 12.95 | 11.70 | 11.30 | 11.25 | 11.30 | 0.05 | | **Pigs - Jiangsu Nantong** | 13.00 | 11.75 | 11.30 | 11.30 | 11.35 | 0.05 | | **Pigs - Basis** | 75 | -315 | -140 | -195 | -470 | -275.00 | [13] Market Analysis - Releasing short - term pressure may strengthen policy expectations for a production inflection point next year. Short - term rebounds due to low prices are possible, but mid - term supply pressure remains due to insufficient capacity reduction. Short - term supply pressure is high, demand is weak, and prices are at new lows. Focus on the pace of slaughter, diseases, and policies [13]
铁矿石早报-20251015
Yong An Qi Huo· 2025-10-15 00:47
Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints - Not provided in the given content 3. Summary by Relevant Catalogs Spot Market - **Australian mainstream iron ore**: Newman powder price is 776, down 16 daily and up 1 weekly; PB powder price is 780, down 16 daily and up 2 weekly; Mac powder price is 774, down 15 daily and up 6 weekly; Jinbuba powder price is 750, down 16 daily and up 2 weekly; Mixed powder price is 750, down 12 daily and up 7 weekly; Super special powder price is 705, down 15 daily and down 1 weekly; Roy Hill powder price is 767, down 16 daily and up 10 weekly; KUMBA powder price is 839, down 16 daily and up 2 weekly [1] - **Brazilian mainstream iron ore**: Brazilian mixed ore price is 813, down 14 daily and down 2 weekly; Brazilian coarse IOC6 price is 784, down 16 daily and up 2 weekly; Brazilian coarse SSFG price is 789, down 16 daily and up 2 weekly [1] - **Other iron ore**: Ukrainian concentrate price is 905, down 15 daily and down 1 weekly; 61% Indian powder price is 739, down 16 daily and up 2 weekly; Carrera concentrate price is 905, down 15 daily and down 1 weekly; 57% Indian powder price is 638, down 15 daily and up 2 weekly; Atlas powder price is 745, down 12 daily and up 7 weekly [1] - **Domestic iron ore**: Tangshan iron concentrate price is 1020, unchanged daily and up 18 weekly [1] Futures Market - **DCE contracts**: i2601 contract price is 782.0, down 22.5 daily and up 1.5 weekly; i2605 contract price is 761.0, down 20.0 daily and up 1.5 weekly; i2609 contract price is 739.5, down 19.5 daily and down 1.0 weekly [1] - **SGX contracts**: FE01 contract price is 103.76, up 1.11 daily and up 2.42 weekly; FE05 contract price is 101.16, up 0.77 daily and up 1.63 weekly; FE09 contract price is 98.77, up 0.66 daily and up 1.29 weekly [1]
废钢早报-20251015
Yong An Qi Huo· 2025-10-15 00:45
1. Report Industry Investment Rating - Not provided 2. Core Viewpoints of the Report - Not provided 3. Summary by Relevant Catalog Price Data - The report presents the scrap steel prices in different regions (East China, North China, Central China, South China, Northeast China, Southwest China) from September 30, 2025, to October 14, 2025, along with the环比changes [3]
波动率数据日报-20251014
Yong An Qi Huo· 2025-10-14 07:07
Report Summary Core View - The report provides daily volatility data, including implied volatility indices, historical volatility, and their spread trends for various financial and commodity options [3]. Details by Category Implied Volatility Index and Historical Volatility - Financial option implied volatility indices reflect the 30 - day implied volatility (IV) trend as of the previous trading day, while commodity option implied volatility indices are weighted by the IV of the two - strike prices above and below the at - the - money option of the main contract, showing the IV change trend of the main contract [3]. - The difference between the implied volatility index and historical volatility (HV) indicates the relative level of IV to HV, with a larger difference meaning higher IV relative to HV and vice versa [3]. Implied Volatility and Historical Volatility Charts - The report presents charts showing the IV, HV, and IV - HV spreads for multiple options such as 300 Index, 50ETF, 1000 Index, 500ETF, and various commodity options like corn, sugar, cotton, etc. [4]. Implied Volatility Quantile and Volatility Spread Quantile Ranking - Implied volatility quantiles represent the current level of a variety's IV in history. A high quantile means the current IV is high, and a low quantile means it is low. Volatility spread is the difference between the implied volatility index and historical volatility [5]. - The report shows the ranking of implied volatility quantiles and historical volatility quantiles for different options, including 300 Index, 50ETF, corn, PTA, etc. [6]
集运早报-20251014
Yong An Qi Huo· 2025-10-14 02:16
Report Overview - **Report Name**: "集运星报" [1] - **Report Date**: October 14, 2025 [2] - **Research Team**: Research Center's Energy and Chemicals Team [2] Industry Investment Rating - No industry investment rating is provided in the report. Core Viewpoint - The current situation is characterized by a contradiction between weak reality and strong expectations, with significant fluctuations influenced by Middle - East geopolitics and Sino - US tariff policies. In the short term, due to spot price reduction expectations, geopolitical easing, and the impact of the Sino - US trade war, market sentiment may be weak. However, considering the expected peak season and long - term contract signing season, there may be opportunities to go long on contracts 12, 02 - 04 at low prices [2]. Summary by Relevant Catalogs Futures Contracts - **EC2510**: Closed at 1129.4 yesterday, with a change of 0.74%, trading volume of 4774, and an open interest of 16148 with a change of - 2204 [2]. - **EC2512**: Closed at 1562.5, with a change of - 0.54%, trading volume of 24678, and an open interest of 28771 with a change of 715 [2]. - **EC2602**: Closed at 1359.9, with a change of 1.64%, trading volume of 5747, and an open interest of 9376 with a change of - 392 [2]. - **EC2604**: Closed at 1098.5, with a change of 2.76%, trading volume of 4408, and an open interest of 12825 with a change of - 133 [2]. - **EC2606**: Closed at 1268.0, with a change of 1.55%, trading volume of 283, and an open interest of 1483 with a change of - 33 [2]. - **Month - to - Month Spreads**: - EC2510 - 2512: The spread was - 433.1, with a daily change of 16.8 and a weekly change of 188.2 [2]. - EC2512 - 2602: The spread was 202.6, with a daily change of - 30.4 and a weekly change of 113.5 [2]. Spot Market Indicators - **SCHIS**: Updated weekly on Monday, as of October 13, 2025, it was 1031.8 points, a decrease of 1.40% from the previous period and 6.60% from two periods ago [2]. - **SCFI (European Line)**: Updated weekly on Friday, as of October 10, 2025, it was $1068/TEU, an increase of 9.99% from the previous period [2]. - **CCFI (European Line)**: Updated weekly on Friday, as of October 10, 2025, it was 1287.15 points, a decrease of 8.19% from the previous period [2]. - **NCFI (European Line)**: Updated weekly on Friday, as of October 10, 2025, it was 698.67 points, an increase of 11.39% from the previous period and 2.13% from two periods ago [2]. Recent European Line Quotation Situation - **Week 40 - 41**: Two - week joint cabin release. The average quotation was $1450 (equivalent to 1020 points on the futures market). MSK quoted $1400; PA quoted between $1300 - 1500; YML's $1300 was the lowest price of the year; OA quoted between $1400 - 1600 [2]. - **Week 42**: The price was announced to increase to $1800 - 2000. As of the weekend, it was not the booking window, and the quotation was not readjusted. It was reported that ONE quoted $1200 in the first half - month, and CMA's freight forwarder still quoted between $1500 - 1600 [2]. - **November Price Increase Announcement**: MSK, CMA, and OOCL announced price increases to around $2500, equivalent to about 1750 points on the futures market [2]. News - On October 13, Hamas released all Israeli detainees. On October 14, a cease - fire agreement for Gaza was signed in Egypt. The Sharm El - Sheikh "Peace Summit" was hosted by Egyptian President Sisi and US President Trump, but Israeli Prime Minister Netanyahu canceled his participation, and Hamas did not send a representative [3].
永安期货集运早报-20251014
Yong An Qi Huo· 2025-10-14 01:43
Group 1: Report Industry Investment Rating - Not provided in the content Group 2: Core View of the Report - The current EC is in a contradiction between weak reality and strong expectations, and fluctuates greatly under the influence of Middle - East geopolitics and Sino - US tariff policies. In the short term, due to the expectation of spot price cuts, geopolitical relaxation, and the impact of the Sino - US trade war, the market sentiment may be weak. Considering the remaining expectations of the subsequent peak season and long - term contract signing season, opportunities to go long on contracts 12, 02 - 04 on dips can be focused on [2][16] Group 3: Summary by Related Catalogs Futures Market - For EC2510, the closing price was 1129.4 with a 0.74% increase, a basis of - 97.6, trading volume of 4774, and an open interest of 16148 with a decrease of 2204. For EC2512, the closing price was 1562.5 with a 0.54% decrease, a basis of - 530.7, trading volume of 24678, and an open interest of 28771 with an increase of 715. For EC2602, the closing price was 1359.9 with a 1.64% increase, a basis of - 328.1, trading volume of 5747, and an open interest of 9376 with a decrease of 392. For EC2604, the closing price was 1098.5 with a 2.76% increase, a basis of - 66.7, trading volume of 4408, and an open interest of 12825 with a decrease of 133. For EC2606, the closing price was 1268.0 with a 1.55% increase, a basis of - 236.2, and an open interest of 1483 with a decrease of 33 [2][16] - The EC2510 - 2512 spread was - 433.1, with a daily increase of 16.8 and a weekly increase of 188.2. The EC2512 - 2602 spread was 202.6, with a daily decrease of 30.4 and a weekly increase of 113.5 [2][16] Spot Market - The现货 price of ડેલનીટ on October 13, 2025, was 1031.8, with a 1.40% decrease from the previous period and a 6.60% decrease in the last period. The SCFI was 1068 dollars/TEU on October 10, 2025, with a 9.99% increase from the previous period. The CCFI was 1287.15 points on October 10, 2025, with an 8.19% decrease from the previous period. The NCFI was 698.67 points on October 10, 2025, with an 11.39% increase from the previous period [2][16] Recent European Line Quotations - From Week 40 - 41, the two - week joint cabin release had an average quote of 1450 dollars (equivalent to 1020 points on the disk), with YML at 1300 dollars (the lowest price of the year) and OA at 1400 - 1600 dollars. In Week 42, the price was announced to rise to 1800 - 2000 dollars, and the booking window had not arrived, so the quotes were not readjusted. It was reported that ONE quoted 1200 dollars in the first half - month, and CMA's freight forwarders still quoted 1500 - 1600 dollars. In November, MSK, CMA, and OOCL announced price increases to around 2500 dollars, equivalent to about 1750 points on the disk [3][17] Related News - On October 13, Hamas released all Israeli hostages. On October 14, the Gaza cease - fire agreement was signed in Egypt. The "Peace Summit" in Sharm El - Sheikh was hosted by the Egyptian President and the US President, but the Israeli Prime Minister cancelled his participation, and Hamas did not send a representative [4][18]
永安期货纸浆早报-20251014
Yong An Qi Huo· 2025-10-14 01:42
纸浆早报 研究中心能化团队 2025/10/14 SP主力合约收盘价: 4842.00 | 日期 | 2025/10/13 | 2025/10/10 | 2025/10/09 | 2025/09/30 | 2025/09/29 | | --- | --- | --- | --- | --- | --- | | 主力合约收盘价 | 4842.00 | 4788.00 | 4804.00 | 4834.00 | 4878.00 | | 折美元价 | 592.05 | 586.14 | 588.02 | 592.24 | 597.56 | | 距上一日涨跌 | 1.12782% | -0.33306% | -0.62060% | -0.90201% | -2.75120% | | 山东银星基差 | 718 | 747 | 731 | 731 | 687 | | 江浙沪银星基差 | 718 | 772 | 756 | 726 | 682 | 以13%增值税计算 | 产地 | 品牌 | 价格说明 | 港口美元价格 | 山东地区人民币价格 | 进口利润 | | --- | --- | --- | --- | --- | ...
永安期货焦炭日报-20251014
Yong An Qi Huo· 2025-10-14 01:31
焦炭日报 研究中心黑色团队 2025/10/14 | | 最新 | 日变化 | 周变化 | 月变化 同比 | | 最新 | 日变化 | 周变化 | 月变化 同比 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 山西准一湿熄 | 1482.39 | 0.00 | 54.61 | 0.00 | -21.49% 高炉开工率 | 90.55 | | -0.10 | 0.37 | 5.77% | | 河北准一干熄 | 1735.00 | 0.00 | 55.00 | 0.00 | -4.14% 铁水日均产量 | 241.54 | | -0.27 | 0.99 | 3.63% | | 山东准一干熄 | 1660.00 | 0.00 | 55.00 | 0.00 | -19.61% 盘面05 | 1797 | -16.50 | -11.00 | 128.50 | -16.81% | | 江苏准一干熄 | 1700.00 | 0.00 | 55.00 | 0.00 | -19.24% 盘面09 | 1879.5 | -25.5 ...
原油成品油早报-20251014
Yong An Qi Huo· 2025-10-14 01:30
Report Industry Investment Rating No information provided in the given content. Core Viewpoints of the Report - This week, oil prices declined as the first - stage cease - fire agreement in the Gaza region was reached, causing the geopolitical risk premium in the Middle East to recede. The macro - sentiment worsened, and Brent crude dropped to $62 per barrel with a daily decline of over 4%. [5] - Fundamentally, crude oil supply continued to be released. OPEC confirmed a 137,000 - barrel - per - day production increase in November, and the market expected a similar increase in December. Since September, OPEC+ net crude oil exports and Russian crude oil exports have increased month - on - month. [5] - Recently, global floating storage of crude oil has increased significantly. In the week of October 3rd, the U.S. EIA commercial crude oil inventory increased by 3.715 million barrels, U.S. production rose again, and gasoline and diesel inventories decreased. Global refinery profits declined with the drop in diesel cracking, and short - term cracking pressure exists. [5] - Next week, the Dangote refinery in West Africa is expected to resume operations, and global gasoline supply will recover. [5] - Considering the sanctions on refinery raw material supply, the Q4 refinery start - up expectations for local refineries are slightly lowered. Under the baseline scenario, there will be an excess of over 2 million barrels per day in Q4 2025 and an expected excess of 1.8 - 2.5 million barrels per day in 2026. The absolute price center in Q4 is expected to fall to $55 - 60 per barrel. [5] Summary by Directory 1. Daily News - Trump stated that if Iran is willing to talk, he is ready to lift sanctions on Iran. He believes that Iran is frustrated and needs help, and sanctions are too harsh. He hopes to lift sanctions and achieve peace. [3] - Due to drone attacks on Russian refineries, Russian refined oil maritime exports in September decreased by 17.1% month - on - month to 7.58 million tons. Exports through the Baltic ports decreased by 15.4% to 4.36 million tons, and those through the Black Sea and Azov Sea ports decreased by 23.2% to 2.52 million tons. [3] - Saudi Aramco CEO Amin Nasser said that global oil demand is expected to remain strong in 2025 and 2026, increasing by about 1.2 - 1.4 million barrels per day. He is confident in demand growth due to the population and living standards in developing economies. Saudi Aramco's maximum production capacity is 12 million barrels per day, and the oil extraction cost is $2 per barrel. [4] 2. Regional Fundamentals - From September 19th to 25th, the operating rate of major refineries decreased, while that of Shandong local refineries increased. Domestic gasoline production decreased, diesel production increased, gasoline inventory increased, and diesel inventory decreased. The comprehensive profit of major refineries fluctuated downward, and that of local refineries decreased month - on - month. [4] 3. Weekly Views - This week, oil prices fell due to the cease - fire in the Gaza region and worsened macro - sentiment. Brent crude dropped by over 4% in a single day. [5] - In terms of supply, OPEC will increase production by 137,000 barrels per day in November and is expected to do the same in December. Since September, OPEC+ and Russian crude oil exports have increased. Global floating storage and U.S. commercial crude oil inventory have increased, and U.S. production has risen. [5] - Refinery profits have declined with diesel cracking. Near - term European diesel inventory is high after active restocking, and short - term cracking is under pressure. Next week, the Dangote refinery's resumption will restore global gasoline supply. [5] - The U.S. has imposed new sanctions on Iran, affecting Rizhao Port and local refineries. The impact needs evaluation, and Q4 local refinery start - up expectations are slightly lowered. [5] - Crude oil is expected to have an excess of over 2 million barrels per day in Q4 2025 and 1.8 - 2.5 million barrels per day in 2026. The absolute price center in Q4 is expected to be $55 - 60 per barrel. [5] 4. EIA Report - In the week of October 3rd, U.S. crude oil exports decreased by 161,000 barrels per day to 3.59 million barrels per day. [16] - U.S. domestic crude oil production increased by 124,000 barrels to 13.629 million barrels per day. [16] - Excluding strategic reserves, commercial crude oil inventory increased by 3.715 million barrels to 420 million barrels, a 0.89% increase. [16] - The four - week average supply of U.S. refined oil products was 20.897 million barrels per day, a 1.68% increase year - on - year. [16] - U.S. Strategic Petroleum Reserve (SPR) inventory increased by 285,000 barrels to 407 million barrels, a 0.07% increase. [16] - Excluding strategic reserves, U.S. commercial crude oil imports were 6.403 million barrels per day, an increase of 570,000 barrels per day from the previous week. [16]
永安期货焦煤日报-20251014
Yong An Qi Huo· 2025-10-14 01:30
Report Information - Report Name: Coking Coal Daily Report - Date: October 14, 2025 - Research Team: Black Team of the Research Center [1] Price Information - **Coal Prices**: - LiuLin Main Coking Coal: The latest price is 1550.00, with no daily change, no weekly change, a monthly increase of 149.00, and an annual decrease of 3.13% [2]. - Raw Coal Port Delivery Price: The latest price is 1030.00, with a daily increase of 2.00, a weekly increase of 12.00, a monthly increase of 101.00, and an annual decrease of 16.94% [2]. - ShaHeYi Meng 5: The latest price is 1450.00, with no daily change, a weekly increase of 60.00, a monthly increase of 70.00, and an annual decrease of 17.14% [2]. - AnZe Main Coking Coal: The latest price is 1530.00, with no daily change, a weekly decrease of 60.00, a monthly increase of 110.00, and an annual decrease of 15.00% [2]. - **Peak Downs and Goonyella Prices**: - Peak Downs: The latest price is 206.00, with no daily change, a weekly increase of 1.00, a monthly increase of 4.50, and an annual decrease of 17.20 [2]. - Goonyella: The latest price is 205.50, with no daily change, a weekly increase of 0.50, a monthly increase of 4.50, and an annual decrease of 17.70 [2]. - **Futures Prices**: - Futures 05: The latest price is 1240.50, with a daily decrease of 21.50, a weekly decrease of 18.00, a monthly increase of 43.00, and an annual decrease of 17.85% [2]. - Futures 09: The latest price is 1327.00, with a daily decrease of 20.00, a weekly decrease of 6.50, a monthly increase of 370.50, and an annual decrease of 12.81% [2]. - Futures 01: The latest price is 1145.00, with a daily decrease of 20.00, a weekly decrease of 26.50, a monthly increase of 17.50, and an annual decrease of 22.19% [2]. Inventory Information - **Total Inventory**: The latest total inventory is 3279.19, with a weekly decrease of 108.88, a monthly decrease of 37.19, and an annual decrease of 11.10% [2]. - **Coal Mine Inventory**: The latest coal mine inventory is 195.86, with a weekly increase of 4.32, a monthly decrease of 58.66, and an annual decrease of 28.62% [2]. - **Port Inventory**: The latest port inventory is 294.99, with a weekly increase of 29.50, a monthly increase of 19.50, and an annual decrease of 25.89% [2]. - **Steel Mill Coking Coal Inventory**: The latest steel mill coking coal inventory is 788.06, with a weekly decrease of 8.01, a monthly decrease of 7.70, and an annual increase of 9.33% [2]. - **Coking Plant Coking Coal Inventory**: The latest coking plant coking coal inventory is 1037.71, with a weekly increase of 38.64, a monthly increase of 117.66, and an annual increase of 15.01% [2]. Other Information - **Coking Capacity Utilization**: The latest coking capacity utilization is 75.18, with a weekly increase of 0.05, a monthly decrease of 0.74, and an annual increase of 2.26% [2]. - **Coking Coke Inventory**: The latest coking coke inventory is 85.53, with a weekly decrease of 0.29, a monthly decrease of 0.40, and an annual decrease of 0.29% [2]. - **Basis and Spread Information**: - 05 Basis: The latest 05 basis is -77.51, with a daily decrease of 8.39, a weekly decrease of 11.89, a monthly increase of 52.40, and an annual decrease of 30.50 [2]. - 09 Basis: The latest 09 basis is -164.01, with a daily decrease of 9.89, a weekly decrease of 23.39, a monthly decrease of 275.10, and an annual increase of 1.78 [2]. - 01 Basis: The latest 01 basis is 17.99, with a daily decrease of 9.89, a weekly decrease of 3.39, a monthly increase of 77.90, and an annual decrease of 3.11 [2]. - 5 - 9 Spread: The latest 5 - 9 spread is -86.50, with a daily decrease of 1.50, a weekly decrease of 11.50, a monthly decrease of 327.50, and an annual increase of 6.21 [2]. - 9 - 1 Spread: The latest 9 - 1 spread is 182.00, with no daily change, a weekly increase of 20.00, a monthly increase of 353.00, and an annual increase of 2.60 [2]. - 1 - 5 Spread: The latest 1 - 5 spread is -95.50, with a daily increase of 1.50, a weekly decrease of 8.50, a monthly decrease of 25.50, and an annual increase of 1.48 [2]