Report Summary 1. Report Industry Investment Rating - Not mentioned in the provided content 2. Core View - Not explicitly stated in the provided content 3. Summary by Relevant Categories Spot Market Data - **Australian Mainstream Iron Ore**: Newman powder is priced at 766, down 11 daily and 29 weekly; PB powder at 770, down 11 daily and 29 weekly; Macfarlane powder at 764, down 11 daily and 29 weekly; Jinbuba at 723, down 11 daily and 29 weekly; Mixed powder at 715, down 8 daily and 15 weekly; Super special powder at 654, down 12 daily and 28 weekly; Carajás powder at 870, down 11 daily and 20 weekly [1] - **Brazilian Mainstream Iron Ore**: Brazilian blend at 809, down 11 daily and 21 weekly; Brazilian coarse IOC6 at 745, down 11 daily and 18 weekly; Brazilian coarse SSFG at 750, down 11 daily and 18 weekly [1] - **Other Iron Ore**: Ukrainian concentrate powder at 843, down 16 daily and 37 weekly; 61% Indian powder at 712, down 11 daily and 29 weekly; Karara concentrate powder at 852, down 12 daily and 33 weekly; Roy Hill powder at 757, down 11 daily and 29 weekly; KUMBA powder at 829, down 11 daily and 29 weekly; 57% Indian powder at 589, down 12 daily and 28 weekly; Atlas powder at 710, down 8 daily and 15 weekly; Tangshan iron concentrate powder at 964, down 5 daily and 18 weekly [1] Futures Market Data - **DCE Contracts**: i2701 at 741.0, down 12.5 daily and 24.5 weekly; i2605 at 768.5, down 13.0 daily and 30.0 weekly; i2609 at 751.0, down 13.5 daily and 28.0 weekly [1] - **SGX Contracts**: FE01 at 100.33, up 0.29 daily and down 5.17 weekly; FE05 at 102.40, up 0.31 daily and down 0.67 weekly; FE09 at 101.57, up 0.27 daily and down 0.53 weekly [1] Other Data - **Import Profit**: Newman powder at 17.18; Macfarlane powder at 38.05; Jinbuba at 45.19; Mixed powder at 0.57; Super special powder at -9.16; Carajás powder at -6.52; Brazilian blend at 17.90; Roy Hill powder at 58.75; Ukrainian concentrate powder at 15.50 [1] - **Monthly Spread**: i2701 - i2605 at 10.0, up 0.6 daily and 2.9 weekly; i2605 - i2609 at -27.5, up 1.1 daily and 8.4 weekly; i2609 - i2701 at 17.5, up 1.6 daily and 6.4 weekly; FE01 - FE05 at 1.24, up 2.8 daily and 43.1 weekly; FE05 - FE09 at -2.07, up 2.1 daily and 5.3 weekly; FE09 - FE01 at 0.83, up 2.9 daily and 5.6 weekly [1]

Group 1: Global Asset Market Performance - The latest yields of 10 - year government bonds in major economies are as follows: US 4.181%, UK 4.558%, France 3.445%, Germany 2.842%, Italy 3.468%, Spain 3.221%, Switzerland 0.244%, Greece 3.450%, Japan 2.231%, Brazil 6.180%, China 1.810%, Australia 4.857%, New Zealand 4.535% [3] - The latest yields of 2 - year government bonds in major economies are: US 3.452%, UK 3.653%, Germany 2.090%, Japan 1.280%, Italy 2.243%, China (1Y yield) 1.318%, Australia 4.286% [3] - The latest exchange rates of the US dollar against major emerging - economy currencies are: Brazil 5.272, South Africa zar 16.309, Korean won 1463.600, Thai baht 31.802, Malaysian ringgit 3.948 [3] - The latest exchange rates of the RMB are: on - shore RMB 6.938, off - shore RMB 6.941, RMB central parity rate 6.957, RMB 12 - month NDF 6.806 [3] - The latest values of major economies' stock indices are: S&P 500 6798.400, Dow Jones Industrial Average 48908.720, Nasdaq 22540.590, Mexican stock index 68858.280, UK stock index 10309.220, France CAC 8238.170, Germany DAX 24491.060, Spanish stock index 17746.300, Russian stock index (not available), Nikkei 53818.040, Hang Seng Index 26885.240, Shanghai Composite Index 4075.917, Taiwan stock index 31801.270, South Korean stock index 5163.570, Indian stock index 8103.879, Thai stock index 1346.230, Malaysian stock index 1731.020, Australian stock index 9154.855, emerging - economy stock index 1507.530 [3] - The latest values of credit - bond indices are: US investment - grade credit - bond index 3561.790, euro - zone investment - grade credit - bond index 267.919, emerging - economy investment - grade credit - bond index 291.120, US high - yield credit - bond index 2927.790, euro - zone high - yield credit - bond index 413.450, emerging - economy high - yield credit - bond index 1846.721 [3] Group 2: Stock Index Futures Trading Data - The closing prices of A - shares, CSI 300, SSE 50, ChiNext, and CSI 500 are 4075.92, 4670.42, 3059.01, 3260.28, and 8146.11 respectively, with percentage changes of - 0.64%, - 0.60%, - 0.33%, - 1.55%, and - 1.84% [4] - The PE (TTM) values of CSI 300, SSE 50, CSI 500, S&P 500, and Germany DAX are 14.08, 11.64, 36.92, 27.25, and 19.00 respectively, with环比 changes of - 0.05, - 0.02, - 0.68, - 0.24, and - 0.09 [4] - The risk premium (1/PE - 10 - year interest rate) of S&P 500 is - 0.51 with a环比 change of 0.13, and that of Germany DAX is 2.42 with a环比 change of 0.04 [4] - The latest fund - flow values for A - shares, the main board, the SME board, ChiNext, and CSI 300 are - 909.73, - 607.84, (not available), - 237.79, and - 34.01 respectively, and the 5 - day average values are - 447.20, - 349.02, (not available), - 69.06, and - 76.03 [4] Group 3: Other Trading Data - The latest trading volumes of the Shanghai and Shenzhen stock markets, CSI 300, SSE 50, the SME board, and ChiNext are 21762.20, 5504.33, 1479.97, 4377.19, and 5522.89 respectively, with环比 changes of - 3047.51, - 855.86, - 218.85, - 414.09, and - 1233.00 [5] - The basis and basis percentage of IF, IH, and IC are - 5.22 (- 0.11%), 2.39 (0.08%), and - 25.91 (- 0.32%) respectively [5] - The closing prices of T2303, TF2303, T2306, and TF2306 in treasury - bond futures are 108.32, 105.91, 108.33, and 105.94 respectively, with percentage changes of 0.07%, 0.06%, 0.08%, and 0.04% [5] - The current R001, R007, and SHIBOR - 3M in the money market are 1.3926%, 1.5522%, and 1.5805% respectively, with daily changes of - 17.00 BP, - 1.00 BP, and 0.00 BP [5]

研究中心农产品团队 2026/02/06 | 玉米/淀粉 | | | 玉米 | | | | | 淀粉 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 日期 长春 | 锦州 | 潍坊 | 蛇口 | 基差 | 贸易利润 进口盈亏 | 黑龙江 | 潍坊 | 基差 | 加工利润 | | 2026/01/30 2190 | 2290 | 2300 | 2440 | 19 | 20 323 | 2750 | 2820 | 174 | -98 | | 2026/02/02 2180 | 2280 | 2300 | 2420 | 19 | 10 294 | 2750 | 2820 | 182 | -78 | | 2026/02/03 2180 | 2270 | 2288 | 2410 | 3 | 10 295 | 2750 | 2820 | 186 | -70 | | 2026/02/04 2180 | 2270 | 2288 | 2410 | 7 | 10 289 | 2750 | 2820 | 185 | -83 | | 2026/0 ...

Group 1: Report Core View - From January 22 - 29, US soybean export sales net increase was 43.74 million tons, in line with expectations; export shipments were 138.77 million tons, up 9% from the previous week and 4% from the four - week average; new sales for the current market year were 44.46 million tons, and 0.04 million tons for the next market year [1] - From January 22 - 29, US soybean meal export sales net increase was 38.03 million tons, in line with expectations; export shipments were 30.78 million tons, down 7% from the previous week and 24% from the four - week average; new sales for the current market year were 42.35 million tons, and 0 for the next market year [1] - Anec forecasts Brazil's soybean exports in February to be 11.42 billion tons, a significant increase from 9.73 billion tons in the same period last year; soybean meal exports are expected to be 1.63 billion tons, compared to 1.5 billion tons last year [1] - Secex data shows Brazil exported 1,876,531.75 tons of soybeans in January, a 75.51% increase year - on - year [1] - MPOA data indicates Malaysia's crude palm oil production in January decreased 14.03% month - on - month to 1.57 billion tons [1] - Analysts estimate Canada's rapeseed inventory as of December 31, 2025, to be 15.758 billion tons, up from 13.223 billion tons at the end of 2024 [1] Group 2: Spot Price - The spot prices of soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu from January 30 to February 5, 2026, are presented in a table [2] Group 3: Others - There are mentions of protein meal basis, grease basis, and grease and oil futures price spreads, but no specific data is provided [2][5][9]

音烙橡胶呈报 81+ 研究中心能化团队 2026/02/06 P 不 As 占 商品 POY 1 石脑油日 PX CFR PTA内盘现 PTA平衡 仓单+有 PTA加 PTA负 石脑油裂 50D/4 聚酯毛利 TA基美 日期 原油 PX加工美 产销 工差 效预报 台湾 ન્સ 解价差 K 荷 负荷 8F Hill 2026/0 914 5280 7120 78.34 103558 0.30 70.7 597 317.0 443 171 75.4 76.6 -78 1/30 2026/0 66.3 581 892 2085 7120 95.40 311.0 382 367 75.4 76.6 103558 -76 0.25 2/02 图H 2026/0 67.3 7095 90.22 372 75.4 0.15 584 897 5080 313.0 345 76.6 103568 -68 2/03 2026/0 69.5 902 7020 304.0 103568 0.30 598 5140 89.11 375 244 75.4 76.6 -55 2/04 2026/0 l 图H 67.6 604 5100 7 ...

有色套利早报 研究中心有色团队 2026/02/06 铜：跨市套利跟踪 2026/02/06 国内价格 LME价格 比价 现货 101180 12846 8.13 三月 101270 12924 7.84 均衡比价 盈利 现货进口 7.87 93.86 现货出口 -554.38 锌：跨市套利跟踪 2026/02/06 国内价格 LME价格 比价 现货 24560 3258 7.54 三月 24450 3279 5.05 均衡比价 盈利 现货进口 8.28 -2419.70 铝：跨市套利跟踪 2026/02/06 国内价格 LME价格 比价 现货 23340 2998 7.78 三月 23455 3024 7.76 均衡比价 盈利 现货进口 8.36 -1721.69 镍：跨市套利跟踪 2026/02/06 国内价格 LME价格 比价 现货 133100 16973 7.84 均衡比价 盈利 现货进口 8.03 -856.16 铅：跨市套利跟踪 2026/02/06 国内价格 LME价格 比价 现货 16400 1911 8.58 三月 16610 1960 12.53 均衡比价 盈利 现货进口 8.54 77 ...

Group 1: Implied Volatility Index and Historical Volatility - The financial option implied volatility index reflects the 30 - day implied volatility trend as of the previous trading day, and the commodity option implied volatility index is obtained by weighting the implied volatility of the two - level options above and below the at - the - money option of the main contract month, reflecting the implied volatility change trend of the main contract [3] - The difference between the implied volatility index and historical volatility indicates the relative level of implied volatility to historical volatility. A larger difference means the implied volatility is relatively higher, and a smaller difference means it is relatively lower [3] Group 2: Implied Volatility Quantile and Volatility Spread - The implied volatility quantile represents the current level of the implied volatility of a variety in history. A high quantile means the current implied volatility is high, and a low quantile means it is low [5] - The volatility spread is related to the implied volatility index and historical volatility [5] Group 3: Implied Volatility Quantile Data - Implied volatility quantile data is presented for various items such as 500E, 50E, 1000 ta za, 300 index, and rebar [7]

Report Industry Investment Rating - Not provided in the given content Core Viewpoints - Not provided in the given content Summary by Directory Price - The latest prices of 72% FeSi in different regions are as follows: 5300 in Ningxia, 5350 in Inner Mongolia, 5300 in Qinghai, 5300 in Shaanxi, 5750 in Jiangsu, and 5750 in Tianjin. The latest price of 75% FeSi in Shaanxi is 6000, and in Tianjin is 1115. The latest price of 6517 FeSi in Inner Mongolia is 5650, in Ningxia is 5610, in Guangxi is 5750, in Guizhou is 5700, and in Yunnan is 5700. The latest price of 6014 FeSi in Guangxi is 5100 [1]. - The closing prices of silicon - manganese and silicon - iron futures contracts in different years from 2022 - 2026 are presented, including主力合约, 01, 05, 09 contracts, etc. [1][2][5] - The price differences between different grades and regions of silicon - iron and silicon - manganese are also provided, such as the basis, month - to - month spreads, and the spread between silicon - iron and silicon - manganese [1][2][5] Supply - The production data of 136 silicon - iron enterprises in China are shown, including monthly and weekly production, and capacity utilization rates in Inner Mongolia, Ningxia, and Shaanxi from 2022 - 2026 [3]. - The production data of silicon - manganese in China, including weekly production, and the procurement data of HeSteel Group (quantity and price) from 2022 - 2026 are presented [5] Demand - The demand - related data of silicon - iron and silicon - manganese are provided, such as the estimated and actual production of crude steel in China, the production of stainless - steel crude steel, the export volume of silicon - iron, and the demand for silicon - manganese in China from 2022 - 2026 [3][5][6] Inventory - The inventory data of silicon - iron and silicon - manganese are provided, including the inventory of 60 sample enterprises in different regions, the number of warehouse receipts, effective forecasts, and the average available days of inventory in different regions from 2022 - 2026 [4][6] Cost and Profit - The cost - related data of silicon - iron and silicon - manganese are provided, such as electricity prices in different regions, the market price of semi - coke, and the market price of manganese ore from 2022 - 2026 [4][5] - The profit - related data of silicon - iron and silicon - manganese are provided, including the production profit, the profit converted to the main contract, and the export profit from 2022 - 2026 [4][6]

焦煤日报 | | 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 | #N/A | Peak Downs | 222.00 | 0.00 | -29.00 | -6.50 | 25.00 | | 原煤口岸库提价 | 1060.00 | 33.00 | 47.00 | 60.00 | | 15.22% Goonyella | 222.00 | 0.00 | -29.00 | -7.50 | 20.00 | | 沙河驿蒙5# | 1400.00 | -30.00 | 0.00 | 60.00 | | 3.70% 盘面05 | 1199.00 | 32.00 | 58.50 | 63.00 | 6.11% | | 安泽主焦 | 1600.00 | 0.00 | -40.00 | 100.00 | | 14.29% 盘面09 ...

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