示 沥青早报 | | | | | | | | MIAD L'O HOLOGIA FARV | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 指标 | 1/9 | 2/3 | 2/5 | 2/6 | 2/9 | 日度变化 | 間 | | | 山东基差(+80)(非京博) 华东基差(镇江库) | -11 -21 | -19 -9 | 11 11 | -66 -56 | -3254 -3334 | -3188 -3278 | 儿 .!. | | 基差&月差 | 华南基差(佛山库) | -21 | -59 | -39 | -86 | -3334 | -3248 | - | | | 03-06 | 3 | 5 | -3 | -3 | -6 | -3 | | | | 04-06 | 0 | 8 | 10 | 12 | 7 | -5 | | | | 06-09 | 18 | 19 | 22 | ટર | 32 | 7 | | | | BU主力合约 | 3171 | 3309 | 3339 | 3386 | 3334 | -52 | | | | 成 ...

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints - No clear core viewpoints presented in the given content 3. Summary by Related Categories 3.1 Spot Market of Iron Ore - Newman powder: latest price 759, daily change +1, weekly change -19, discount to the futures price 811.7, import profit 12.71 [1] - PB powder: latest price 763, daily change +1, weekly change -19, discount to the futures price 811.6 [1] - Macfarlane powder: latest price 757, daily change +1, weekly change -19, discount to the futures price 826.9, import profit 33.50 [1] - Jinbuba powder: latest price 716, daily change +1, weekly change -19, discount to the futures price 806.5, import profit 41.73 [1] - Mainstream mixed powder: latest price 707, daily change +2, weekly change -18, discount to the futures price 843.3, import profit -2.80 [1] - Super special powder: latest price 650, daily change +2, weekly change -21, discount to the futures price 867.8, import profit -8.98 [1] - Carajás powder: latest price 863, daily change +1, weekly change -19, discount to the futures price 795.3, import profit -9.57 [1] - Brazilian mixed powder: latest price 791, daily change -10, weekly change -30, discount to the futures price 795.0, import profit 4.90 [1] - Brazilian coarse IOC6: latest price 738, daily change +1, weekly change -19, discount to the futures price 809.5 [1] - Brazilian coarse SSFG: latest price 743, daily change +1, weekly change -19 [1] - Ukrainian concentrate: latest price 835, daily change 0, weekly change -28, discount to the futures price 927.1 [1] - 61% Indian powder: latest price 705, daily change +1, weekly change -19 [1] - Karara concentrate: latest price 844, daily change 0, weekly change -24, discount to the futures price 860.8 [1] - Roy Hill powder: latest price 750, daily change +1, weekly change -19, discount to the futures price 825.6, import profit 56.33 [1] - KUMBA powder: latest price 822, daily change +1, weekly change -19, discount to the futures price 800.7 [1] - 57% Indian powder: latest price 585, daily change +2, weekly change -21 [1] - Atlas powder: latest price 702, daily change +2, weekly change -18 [1] - Tangshan iron concentrate: latest price 963, daily change 0, weekly change -8, discount to the futures price 850.0 [1] 3.2 Futures Market of Iron Ore - DCE i2701 contract: latest price 732.0, daily change -0.5, weekly change -21.5, monthly spread 11.0 [1] - DCE i2605 contract: latest price 761.5, daily change +1.0, weekly change -21.5, monthly spread -29.5 [1] - DCE i2609 contract: latest price 743.0, daily change +0.5, weekly change -23.0, monthly spread 18.5 [1] - SGX FE01 contract: latest price 96.84, daily change -1.33, weekly change -8.78, monthly spread 1.19 [1] - SGX FE05 contract: latest price 98.96, daily change -1.39, weekly change -4.76, monthly spread -2.12 [1] - SGX FE09 contract: latest price 98.03, daily change -1.40, weekly change -4.70, monthly spread 0.93 [1]

Report Summary - **Industry Investment Rating**: Not provided - **Core View**: This week, the LPG futures market oscillated downward mainly due to falling oil prices and a weakening basis of PG itself. The basis strengthened by 163 to -71 (calculated using Shanghai civil gas). The 3 - 4 month spread was -303 (-9), and the warehouse receipts were 6,902 lots (+1,035). The current cheapest deliverable is Shanghai civil gas at 4,150 (+30). The overseas paper cargo monthly spread increased, and the oil - gas price ratio oscillated. The internal - external spread weakened. PDH profit decreased. Port storage capacity decreased by 1.67 pct, arrivals decreased by 5.22%, mainly in East China; refinery storage capacity decreased by 0.39 pct; external supply increased by 0.94%. Chemical demand increased, with PDH operating rate at 62.66% (+1.94 pct). The demand for combustion was still good due to the low temperature. As the Spring Festival approaches, downstream replenishment is coming to an end. It is expected that the transportation capacity will decline next week, and factories will mainly actively discharge inventory. Overall, the domestic basis is still weak; due to the large price difference between propane and civil gas, the downward space for civil gas may be limited before the festival; the 3 - 4 month spread valuation is neutral, and subsequent attention should be paid to the situation of warehouse receipts. The overseas market is still tight in the short term, with high freight rates, and geopolitical and cold wave factors remain crucial and need continuous attention [1] Data Summary Daily Data - **Date Range**: From February 3rd to February 9th, 2026 - **Price Changes**: The prices of South China LPG, East China LPG, Shandong LPG, propane CFR South China, propane CIF Japan, CP forecast contract price, Shandong ether - after carbon four, Shandong alkylated oil, paper import profit, and the main basis all had corresponding changes, with daily changes of -70, 0, 30, 1, -8, 5, 130, 50, -68, and 64 respectively [1] Daily View - **Spread and Warehouse Receipts**: On Monday, the 3 - 4 month spread dropped significantly to -347, and the 4 - 5 month spread was 90. The warehouse receipts of Shanghai Yuchi increased by 30 [1] - **Spot Market**: LPG spot prices stabilized. The cheapest deliverable was Shanghai civil gas at 4,150. In the East China market, civil gas prices were stable, and imported gas prices rose, with the mainstream transaction price ranging from 4,150 to 4,800 yuan/ton. In Shandong, civil gas prices rose slightly, with the mainstream transaction price ranging from 4,400 to 4,510 yuan/ton [1] Weekly View - **Market Trend**: The futures market oscillated downward this week, mainly affected by falling oil prices and a weakening basis of PG itself [1] - **Basis and Spread**: The basis strengthened by 163 to -71 (calculated using Shanghai civil gas), and the 3 - 4 month spread was -303 (-9) [1] - **Warehouse Receipts**: The number of warehouse receipts was 6,902 lots (+1,035), with Wuchan Zhongda increasing by 1,000 [1] - **External Market**: The overseas paper cargo monthly spread increased, the oil - gas price ratio oscillated, and the internal - external spread weakened. The FEI - MOPJ spread widened to -44.75 (-15.75). Freight rates rose [1] - **Profit and Supply - Demand**: PDH profit decreased. Port storage capacity decreased by 1.67 pct, arrivals decreased by 5.22% (mainly in East China); refinery storage capacity decreased by 0.39 pct; external supply increased by 0.94%. Chemical demand increased, with the PDH operating rate at 62.66% (+1.94 pct). The demand for combustion was still good due to the low temperature [1] - **Outlook**: As the Spring Festival approaches, downstream replenishment is coming to an end. It is expected that the transportation capacity will decline next week, and factories will mainly actively discharge inventory. The domestic basis is still weak; the downward space for civil gas may be limited before the festival; the 3 - 4 month spread valuation is neutral, and subsequent attention should be paid to the situation of warehouse receipts. The overseas market is still tight in the short term, with high freight rates, and geopolitical and cold wave factors remain crucial and need continuous attention [1]

金十数据2月8日讯，以色列总理内塔尼亚胡的办公室周六表示，内塔尼亚胡将于下周三在华盛顿与美国总统特朗普会 面，讨论美国与伊朗的谈判。与此同时，伊朗外长在会谈结束后一天对美国在该地区的军事基地发出威胁。内塔尼亚胡 办公室在一份简短声明中表示："总理认为，所有谈判都必须包括限制（伊朗的）弹道导弹，并阻止伊朗轴心得到支 持。"这里指的是伊朗对包括黎巴嫩真主党和巴勒斯坦哈马斯在内的武装组织的支持。特朗普和内塔尼亚胡上次会面是 在去年12月。 ·伊朗总统：与美国会谈是向前迈出的一步 金十数据2月8日讯，当地时间2月8日，伊朗总统佩泽希齐扬表示，在地区友好国家推动下，伊朗与美国进行的会谈是向 前迈出的一步。对话始终是以和平方式解决问题的战略选择。伊朗和美国6日在阿曼首都马斯喀特举行了间接谈判。美 国总统特朗普6日表示，美国下周早些时候将再次与伊朗谈判。他重申，伊朗不能拥有核武器。 ·美印联合声明未提及放弃采购俄罗斯石油 原油成品油早报 研究中心能化团队 2026/02/09 | 日期 | WTI | BRENT | DUBAI | diff FOB dated bre | BRENT 1- | WTI-BREN | DU ...

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 | | --- | --- | --- | --- | --- | --- | | 加拿大 | 金狮 | CFR | 780 | 6300 | 113.08 | | | 雄狮 | CFR | 730 | 5270 | -504.81 | | 智利 | 银星 | CFR信用证 90天 | 700 | 5310 | -249.54 | 纸浆早报 研究中心能化团队 2026/02/09 SP主力合约收盘价： 5234.00 | 日期 | 2026/02/06 | 2026/02/05 | 2026/02/04 | 2026/02/03 | 2026/02/02 | | --- | --- | --- | --- | --- | --- | | 主力合约收盘价 | 5234.00 | 5254.00 | 5324.00 | 5276.00 | 5266.00 | | 折美元价 | 658.48 | 660.96 | 670.20 | 664.21 | 661.49 | | 距上一日涨跌 | -0.38066% ...

| | | | 钢材早报 | | | | | --- | --- | --- | --- | --- | --- | --- | | | | | | | 研究中心黑色团队 2026/02/09 | | | 现 货 价 格 | | | | | | | | 日期 | 北京螺纹 | 上海螺纹 | 成都螺纹 | 西安螺纹 | 广州螺纹 | 武汉螺纹 | | 2026/02/02 | 3120 | 3210 | 3340 | 3240 | 3400 | 3310 | | 2026/02/03 | 3120 | 3210 | 3370 | 3240 | 3400 | 3310 | | 2026/02/04 | 3120 | 3210 | 3320 | 3240 | 3400 | 3310 | | 2026/02/05 | 3120 | 3210 | 3320 | 3240 | 3400 | 3310 | | 2026/02/06 | - | - | - | - | - | - | | 变化 | - | - | - | - | - | - | | 日期 | 天津热卷 | 上海热卷 | 乐从热卷 | 天津冷卷 | 上海冷卷 ...

| | 最新 | 日变化 | 周变化 | 月变化 | 年变化 | 最新 | 日变化 | 周变化 | 月变化 | 年变化 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 柳林主焦 | 1483.00 | 0.00 | 0.00 | 80.00 | 13.47% Peak Downs | 224.00 | 0.00 | 2.00 | -4.50 | 22.60 | | 原煤口岸库提价 | 1037.00 | -23.00 | 13.00 | -3.00 | 13.33% Goonyella | 224.00 | 0.00 | 2.00 | -5.50 | 22.90 | | 沙河驿蒙5# | 1400.00 | 0.00 | 0.00 | 60.00 | 3.70% 盘面05 | 1154.00 | -28.00 | -15.50 | -34.00 | 4.01% | | 安泽主焦 | 1570.00 | 0.00 | -60.00 | 70.00 | 12.14% 盘面09 | 1231.00 | -25.00 | ...

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core View of the Report No clear core view is presented in the given content, which mainly consists of price and trading data of various commodities. 3. Summary by Related Catalogs Price Performance - Latest prices: London Gold at $4948.00, London Platinum at $74.94, London Silver at $2024.00, London Lithium at $1680.00, WTI Crude at $63.55, LME Copper at $12,790.50; Dollar Index at 97.61, Euro - US Dollar at 1.18, Pound - US Dollar at 1.36, US Dollar - Japanese Yen at 157.23, US 10 - year TIPS at 1.88 [1] - Price changes: London Gold -$3.77, London Platinum -$279.00, London Silver +$0.26, London Lithium -$133.50, WTI Crude +$100.75, LME Copper -$154.00; Dollar Index -0.35, Euro - US Dollar +0.01, Pound - US Dollar +0.20, US Dollar - Japanese Yen -0.01, US 10 - year TIPS 0.00 [1] Trading Data - COMEX Silver: latest 12,270.68, change -108.80; Shanghai Futures Exchange Silver: latest 1076.23, change -56.36; Shanghai Gold Exchange Gold: latest 16,191.09, change 0.00; Shanghai Gold Exchange Silver: latest 349.90, change 1.00; Gold ETF holdings: latest 506.49, change -62.56; Silver ETF holdings: latest 2, change -1.72 [1] Metal Ratios - COMEX - London spreads and various metal - to - metal ratios are presented in graphical form, showing trends over different time periods [1] Import Profits - Graphs show trends of silver and gold import profits over different time periods [1][2][3][5] US Treasury Rates and Spreads - Graph shows the relationship between US Treasury yields, inflation - indexed Treasury yields, and London spot gold prices [4] ETF Holdings and Inventories - Graphs show trends of ETF holdings (gold and silver) and inventories (COMEX silver, LBMA silver, Shanghai Futures Exchange silver, Shanghai Gold Exchange silver) over different time periods [4] Shanghai Gold Exchange Positions and Deliveries - Graphs show trends of Shanghai Gold Exchange gold and silver positions and deliveries over different time periods [4] Shanghai Gold Exchange Deferred Fees - Graphs show trends of Shanghai Gold Exchange gold and silver deferred fee directions over different time periods [4] COMEX Non - Commercial Long Positions - Graph shows the proportion of non - commercial long positions of COMEX gold and silver over different time periods [4]

有色早报 研究中心有色团队 2026/02/09 铜 ： 日期 沪铜现货 升贴水 废精铜 价差 上期所 库存 沪铜 仓单 现货进口 盈利 三月进口 盈利 保税库 premium 提单 premium 伦铜 C-3M LME 库存 LME 注销仓单 2026/02/02 -300 5491 233004 158527 -731.31 344.73 39.0 45.0 -59.17 174675 37875 2026/02/03 -290 6127 233004 159021 -650.94 351.21 36.0 43.0 -69.40 176125 37075 2026/02/04 -275 7997 233004 159772 -1050.86 216.31 36.0 43.0 -81.84 178650 22925 2026/02/05 -225 5843 233004 160679 93.86 158.80 37.0 44.0 -77.58 180575 19950 2026/02/06 -135 5358 248911 160172 -1123.62 412.12 37.0 44.0 -70.95 1 ...

焦炭日报 研究中心黑色团队 2026/2/9 | | 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 | 1485.59 | 0.00 | 54.61 | 54.61 | -1.09% 高炉开工率 | 85.69 | | 0.22 | -0.35 | -0.08% | | 河北准一干熄 | 1735.00 | 0.00 | 55.00 | 55.00 | 18.84% 铁水日均产量 | 228.58 | | 0.60 | -0.92 | 0.06% | | 山东准一干熄 | 1680.00 | 0.00 | 55.00 | 55.00 | 0.00% 盘面05 | 1722 | -22.50 | 4.00 | -58.50 | 0.97% | | 江苏准一干熄 | 1700.00 | 0.00 | 55.00 | 55.00 | -1.16% 盘面09 | 1789.5 | -20.00 | 4 ...