免责声明: 以上内容所依据的信息均来源于交易所、媒体及资讯公司等发布的公开资料或通过合法授权渠道向发布人取得的资讯，我们力求分析及建议内 容的客观、公正，研究方法专业审慎，分析结论合理，但我司对信息来源的准确性和完整性不作任何保证，也不保证所依据的信息和建议不会 发生任何变化。我们提供的全部分析及建议内容仅供参考，不构成对您的任何投资建议及入市依据，您应当自主做出期货交易决策，独立承担 期货交易后果，凡据此入市者，我司不承担任何责任。我司在为您提供服务时已最大程度避免与您产生利益冲突。未经我司授权，不得随意转 载、复制、传播本网站中所有研究分析报告、行情分析视频等全部或部分材料、内容。对可能因互联网软硬件设备故障或失灵、或因不可抗力 造成的全部或部分信息中断、延迟、遗漏、误导或造成资料传输或储存上的错误、或遭第三人侵入系统篡改或伪造变造资料等，我司均不承担 任何责任。 塑 料 日期 东北亚乙 烯 华北LL 华东LL 华东LD 华东HD LL美金 LL美湾 进口利润 主力期货 基差 两油库存 仓单 2025/12/1 9 745 6230 6600 8100 6850 763 786 19 6320 -60 6 ...

有色早报 研究中心有色团队 2025/12/26 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 2025/12/19 -385 4468 95805 45739 -1750.70 -420.54 43.0 49.0 4.73 160400 56450 2025/12/22 -430 5281 95805 48542 -1754.65 -517.00 48.0 51.0 6.58 157750 51750 2025/12/23 -440 4777 95805 49543 -1909.24 -498.41 55.0 54.0 13.16 158575 48875 2025/12/24 -465 5208 95805 52222 -2003.83 -422.80 55.0 54.0 19.69 157025 46525 2025/12/25 -500 5373 95805 59083 - 422.09 55.0 54.0 - - - 变化 -35 165 0 686 ...

焦炭日报 研究中心黑色团队 2025/12/26 | | 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 | -163.84 | -13.49% 高炉开工率 | 84.93 | | -0.99 | -3.65 | -2.69% | | 河北准一干熄 | 1735.00 | 0.00 | -55.00 | -165.00 | 4.52% 铁水日均产量 | 226.58 | | 0.03 | -8.10 | -0.57% | | 山东准一干熄 | 1660.00 | 0.00 | -55.00 | -165.00 | -12.63% 盘面05 | 1739.5 | 0.00 | 9.50 | -19.00 | -4.37% | | 江苏准一干熄 | 1700.00 | 0.00 | -55.00 | -165.00 | -12.37% 盘面09 | ...

2025/12/26 | 品种 | 项目 | | 现货 | | 仓单 | 盘面 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 最新 | 日变化 | 周变化 | 出厂价折盘面 | 最新 | | 日变化 | 周变化 | | 硅铁自然块 | 宁夏#72 | 5250 | 20 | 50 | 5550 | 主力合约 | 5692 | 36 | 100 | | | 内蒙#72 | 5270 | 0 | 20 | 5620 | 01合约 | 5556 | 30 | 78 | | 产区汇总价 | 青海#72 | 5250 | 50 | 80 | 5580 | 05合约 | 5632 | 26 | 86 | | | 陕西#72 | 5220 | 20 | 40 | 5520 | 09合约 | 5680 | 14 | 64 | | | 陕西#75 | 5650 | 0 | 50 | | 主力月基差 | -142 | -16 | -50 | | 硅铁合格块 | 江苏#72 | 5700 | 0 | 50 | | 1-5月差 ...

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View - Not provided in the given content 3. Summary by Relevant Catalogs Price and Profit - The report shows the spot prices of various types of steel in different regions from 2025/12/19 to 2025/12/25. For example, Beijing's rebar price remained at 3140 from 2025/12/19 - 2025/12/24, and Shanghai's hot - rolled coil price increased from 3260 on 2025/12/19 to 3290 on 2025/12/25. The change in Shanghai's hot - rolled coil price was 30, while the change in Le Cong's cold - rolled coil price was - 50 [1] Basis and Spread - Not provided in the given content Production and Inventory - Not provided in the given content

油脂油料早报 研究中心农产品团队 2025/12/26 隔 夜 市 场 信 息 ： ITS：马来西亚12月1-25日棕榈油出口量环比增加1.6% 船货检验机构ITS发布的数据显示，马来西亚12月1-25日棕榈油产品出口量为1,058,112吨，较上月同期出口的 1,041,935吨增加1.6%。 加拿大11月油菜籽压榨量为1,021,212吨，环比减少0.52% 加拿大统计局发布的油籽压榨数据显示，2025年11月，加拿大油菜籽压榨量为1,021,212吨，较前一个月减少 0.52%，较去年同期增加0.18%。 当月，菜油产量为395,265吨，环比减少7.83%，同比减少7.51%。当月，菜粕产量为598,459吨，环比减少0.76%，同比增加0.57%。 2025/26年度累计油菜籽压榨量为3,923,092吨，菜油产量为1,616,731吨，菜粕产量为2,306,160吨。 主 产 国 降 水 情 况 进 口 大 豆 盘 面 压 榨 利 润 油 脂 进 口 利 润 现 货 价 格 日期 豆粕江苏 菜粕广东 豆油江苏 棕榈油广州 菜油江苏 2025/12/19 3010 2490 8150 8250 92 ...

E GET PERS 81+ 研究中心能化团队 2025/12/26 P 不 As 占 商品 POY 1 石脑油日 PX CFR PTA内盘现 PTA加 PTA平衡 仓单+有 PTA负 石脑油裂 50D/4 聚酯毛利 TA基美 日期 PX加工美 产销 原油 工差 台湾 न्ह 解价差 效预报 K 荷 负荷 8F alt 2025/1 2.35 60.5 531 867 4750 6210 87.63 336.0 106 -218 78.6 73.2 129107 -60 2/19 2025/1 62.1 540 893 4885 6345 84.91 353.0 105 -192 78.6 73.2 127869 -70 0.45 2/22 图H 2025/1 62.4 -185 -75 542 896 4955 6395 85.00 164 78.6 73.2 123951 0.45 354.0 2/23 2025/1 62.2 901 6395 361.0 120464 540 2015 84.03 206 -240 78.6 73.2 -75 0.40 2/24 2025/1 l RiH 62.2 54 ...

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 790, up 2 from the previous day and down 1 for the week, with a discounted futures price of 845.5 and an import profit of 17.17; PB powder price is 793, up 2 from the previous day and down 1 for the week, with a discounted futures price of 844.5 and an import profit of -15.25; Mac powder price is 785, down 1 from the previous day and up 1 for the week, with a discounted futures price of 857.4 and an import profit of 39.47; Jinbuba powder price is 746, up 2 from the previous day and down 1 for the week, with a discounted futures price of 838.8 and an import profit of 37.64; Mixed powder price is 734, unchanged from the previous day and down 4 for the week, with a discounted futures price of 872.5 and an import profit of 5.25; Super special powder price is 673, unchanged from the previous day and down 5 for the week, with a discounted futures price of 893.1 and an import profit of -11.38; Roy Hill powder price is 780, up 2 from the previous day and down 1 for the week, with a discounted futures price of 858.5 and an import profit of 38.66 [1] - **Brazilian Mainstream Iron Ore**: Brazilian mixed ore price is 829, up 2 from the previous day and down 3 for the week, with a discounted futures price of 836.3 and an import profit of -0.78; Brazilian coarse IOC6 price is 757, up 2 from the previous day and down 7 for the week; Brazilian coarse SSFG price is 762, up 2 from the previous day and down 7 for the week [1] - **Other Iron Ores**: Ukrainian concentrate price is 871, down 4 from the previous day and down 2 for the week, with a discounted futures price of 948.6; 61% Indian powder price is 735, up 2 from the previous day and down 1 for the week; Karara concentrate price is 875, unchanged from the previous day and up 2 for the week, with a discounted futures price of 895.1; 57% Indian powder price is 608, unchanged from the previous day and down 5 for the week; Atlas powder price is 729, unchanged from the previous day and down 4 for the week; KUMBA powder price is 852, up 2 from the previous day and down 1 for the week, with a discounted futures price of 831.5; Tangshan iron concentrate price is 976, unchanged from the previous day and for the week, with a discounted futures price of 863 [1] Futures Market - **Dalian Commodity Exchange Contracts**: i2601 price is 798.0, unchanged from the previous day and up 1 for the week, with a monthly spread of -41.0 and a spread change of 5.9 from the previous day and -2.1 for the week; i2605 price is 778.5, down 1 from the previous day and up 1 for the week, with a monthly spread of 19.5 and a spread change of 25.4 from the previous day and -2.1 for the week; i2609 price is 757.0, down 1 from the previous day and up 2 for the week, with a monthly spread of 21.5 and a spread change of 46.9 from the previous day and -3.1 for the week [1] - **Singapore Exchange Contracts**: FE01 price is 104.05, down 0.32 from the previous day and up 0.40 for the week, with a monthly spread of -3.69 and a spread change of -28.4 from the previous day and 8.1 for the week; FE05 price is 102.37, down 0.16 from the previous day and up 0.84 for the week, with a monthly spread of 1.68 and a spread change of -33.5 from the previous day and 6.6 for the week; FE09 price is 100.36, down 0.05 from the previous day and up 0.91 for the week, with a monthly spread of 2.01 and a spread change of -39.1 from the previous day and 7.0 for the week [1]

集运早报 研究中心能化团队 2025/12/26 କିଲ୍ଲି 昨日收盘价 涨跌 其我 昨日成交昼 昨日持仓昼 待仓变动 EC2512 0.13% -18.8 112 1714 -76 1608.0 EC2602 1799.7 0.22% -210.5 28762 34250 -66 EC2604 1164.5 -0 04% 424.7 6267 21254 264 EC2606 1320.0 0 08% 269.2 258 2126 -19 FC2608 1496 7 1.06% 92 5 112 1181 -12 期货 0.75% 277 EC2610 5941 1059.0 530.2 811 日环比 周环比 月姜 前两日 前- -B 前三日 2.6 -64.4 EC2512-2504 443.5 448.0 440.9 -123.9 -191.7 -1.8 EC2512-2602 -189.9 -200.6 4.4 59.5 EC2502-2604 630.8 648.6 635.2 本期涨跌 更新频率 公布日期 क्र (2) 本期 前- 一期 前两期 上期涨跌 指惋 SCFIS 每周 2025/1 ...

有色套利早报 研究中心有色团队 2025/12/26 铜：跨市套利跟踪 2025/12/26 国内价格 LME价格 比价 现货 94825 - - 三月 96370 12133 7.86 均衡比价 盈利 现货进口 - - 现货出口 - 锌：跨市套利跟踪 2025/12/26 国内价格 LME价格 比价 现货 23090 - - 三月 23095 3087 5.59 均衡比价 盈利 现货进口 - - 铝：跨市套利跟踪 2025/12/26 国内价格 LME价格 比价 现货 21980 - - 三月 22325 2957 7.51 均衡比价 盈利 现货进口 - - 镍：跨市套利跟踪 2025/12/26 国内价格 LME价格 比价 现货 126100 - - 均衡比价 盈利 现货进口 - 45.32 跨期套利跟踪 2025/12/26 铜 次月-现货月 三月-现货月 四月-现货月 五月-现货月 价差 350 510 580 640 理论价差 581 1061 1549 2037 锌 次月-现货月 三月-现货月 四月-现货月 五月-现货月 价差 -125 -95 -50 -20 理论价差 219 344 469 5 ...