有色早报 研究中心有色团队 2025/07/01 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 2025/06/24 35 621 100814 22425 -1604.62 112.67 38.0 59.0 150.85 94675 40150 2025/06/25 20 674 100814 21470 -1355.85 110.21 38.0 66.0 100.69 93475 37225 2025/06/26 60 927 100814 23696 -3183.29 104.25 37.0 65.0 319.83 93075 36450 2025/06/27 105 1572 81550 25346 -2612.60 54.46 37.0 58.0 240.67 91275 33625 2025/06/30 130 1559 81550 25851 -1666.99 249.33 30.0 50.0 181.69 90625 32925 变化 25 - ...

| | | 贵金属早报 研究中心宏观团队 2025/07/01 | 价 格 表 现 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 品种 | 伦敦金 | 伦敦银 | 伦敦铂 | 伦敦钯 | WTI原油 | LME铜 | | 最新 | 3271.75 | 35.98 | 1333.00 | 1119.00 | 65.52 | 9877.50 | | 变化 | 0.00 | 0.00 | -59.00 | 30.00 | 0.00 | -16.00 | | 品种 | 美元指数 | 欧元兑美元 | 英镑兑美元 | 美元兑日元 | 美国10年期TIPS | | | 最新 | 97.26 | 1.17 | 1.37 | 144.64 | 2.00 | | | 变化 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | 交 易 数 据 | 日期 | COMEX白银 | 上期所白银 | 黄金ETF持仓 | 白银ETF持仓 | 上金所白银 | 上金所黄金 | 上金所白银 | | --- | --- | --- | --- | -- ...

1000.00 1500.00 2000.00 2500.00 3000.00 3500.00 1月 2月 3月 4月 5月 6月 7月 8月 9月 10月 11月 12月 1月 临汾出厂价 2021 2022 2023 2024 2025 900.00 1400.00 1900.00 2400.00 2900.00 3400.00 3900.00 4400.00 1月 2月 3月 4月 5月 6月 7月 8月 9月 10月 11月 12月 1月 吕梁出厂价 2021 2022 2023 2024 2025 1000.00 1500.00 2000.00 2500.00 3000.00 3500.00 4000.00 4500.00 1月 2月 3月 4月 5月 6月 7月 8月 9月 10月 11月 12月 1月 日照港准一平仓 2021 2022 2023 2024 2025 1000.00 1500.00 2000.00 2500.00 3000.00 3500.00 1月 2月 3月 4月 5月 6月 7月 8月 9月 10月 11月 12月 1月 长治出厂价 2021 2022 2023 2024 ...

| | | | 钢材早报 | | | | | --- | --- | --- | --- | --- | --- | --- | | | | | | | 研究中心黑色团队 2025/07/01 | | | 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 | | 2025/06/24 | 3150 | 3060 | 3150 | 3170 | 3140 | 3180 | | 2025/06/25 | 3150 | 3050 | 3140 | 3150 | 3140 | 3170 | | 2025/06/26 | 3130 | 3050 | 3130 | 3130 | 3130 | 3140 | | 2025/06/27 | 3130 | 3090 | 3170 | 3130 | 3170 | 3190 | | 2025/06/30 | 3130 | 3140 | 3190 | 3180 | 3180 | 3190 | | 变化 | 0 | 50 | 20 | 50 | 10 | 0 | | 日期 | 天津热卷 | 上海热卷 ...

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoint - No clear core viewpoint presented in the given reports 3. Summary by Related Catalogs Price - **Silicon Iron**: The latest prices of 72 silicon iron in different regions are as follows: 5130 in Ningxia, 5150 in Inner Mongolia and Qinghai, and 5100 in Shaanxi. The latest prices of 75 silicon iron are 5600 in Shaanxi. The prices of silicon iron in different regions and contracts show different daily and weekly changes [1][3]. - **Silicon Manganese**: The latest prices of 6517 silicon manganese in different regions are: 5550 in Inner Mongolia, 5510 in Ningxia, 5500 in Guangxi, 5450 in Guizhou and Yunnan. The prices also have different daily and weekly changes [1]. Supply - **Silicon Iron**: The production data of 136 silicon iron enterprises in China from 2021 - 2025 are presented, including monthly production, weekly production (with a capacity - share of 95%), and monthly capacity utilization in Inner Mongolia, Ningxia, and Shaanxi [4]. - **Silicon Manganese**: The weekly production data of silicon manganese in China from 2021 - 2025 are provided, along with the procurement price and quantity of 6517 silicon manganese by Hebei Iron and Steel Group on a monthly basis [6]. Demand - **Silicon Iron**: The demand - related data involve the estimated monthly production of crude steel in China, the production of stainless - steel crude steel in China, the procurement volume of FeSi75 - B by Hebei Iron and Steel Group, and the export quantity of silicon iron in China from 2021 - 2025 [4]. - **Silicon Manganese**: The demand - related data include the estimated demand for silicon manganese in China (Steel Union's caliber) and the export quantity of silicon manganese in China from 2021 - 2025 [4][7]. Inventory - **Silicon Iron**: The inventory data of 60 sample enterprises in China for silicon iron from 2021 - 2025 are shown, including weekly inventory in different regions (Ningxia, Inner Mongolia, Shaanxi), daily CZCE silicon iron warehouse receipts, effective forecasts, and the average available days of inventory in different regions (East China, South China, North China) [5]. - **Silicon Manganese**: The inventory - related data include daily CZCE silicon manganese warehouse receipts, effective forecasts, warehouse receipts + effective inventory, and the average available days of inventory in China, as well as the weekly inventory of 63 sample enterprises in China from 2021 - 2025 [7]. Cost and Profit - **Silicon Iron**: The cost - profit data involve the electricity prices in different regions (Inner Mongolia, Qinghai, Ningxia, Shaanxi), the market price of semi - coke small materials in Shaanxi, the production cost and profit of silicon iron in Ningxia and Inner Mongolia from 2021 - 2025 [5]. - **Silicon Manganese**: The profit data of silicon manganese in different regions (Inner Mongolia, Guangxi, North China, South China) from 2021 - 2025 are provided, along with the profit of Guangxi silicon manganese converted to the main contract and the profit of Ningxia silicon manganese converted to the disk [7].

Report Summary 1. Industry Investment Rating No industry investment rating is provided in the report. 2. Core Viewpoints No clear core viewpoints are presented in the given content. 3. Summary by Relevant Catalogs EC Futures Contracts - EC2506 had a closing price of 1888.5 with a 0.04% increase, a basis of 234.7, a trading volume of 225, an open interest of 2053, and a decrease of 78 in open interest [2]. - EC2508 had a closing price of 1761.4 with a 2.42% decrease, a basis of 361.8, a trading volume of 32689, an open interest of 39228, and an increase of 168 in open interest [2]. - EC2510 had a closing price of 1339.0 with a 0.99% increase, a basis of 784.2, a trading volume of 10051, an open interest of 30121, and an increase of 401 in open interest [2]. - EC2512 had a closing price of 1500.0 with a 0.33% increase, a basis of 623.2, a trading volume of 1654, an open interest of 5827, and a decrease of 1339 in open interest [2]. - EC2602 had a closing price of 1307.8 with a 0.71% decrease, a basis of 815.4, a trading volume of 564, an open interest of 3757, and a decrease of 101 in open interest [2]. - EC2604 had a closing price of 1169.8 with a 0.07% decrease, a basis of 953.4, a trading volume of 928, an open interest of 5529, and a decrease of 42 in open interest [2]. Month - to - Month Spreads - The spread between EC2506 - 2508 was 127.1 (previous day), 82.7 (two days ago), 126.0 currently, with a month - on - month change of 44.4 and a week - on - week change of 11.0 [2]. - The spread between EC2508 - 2510 was 422.4 (previous day), 479.1 (two days ago), 434.3 currently, with a month - on - month change of - 56.7 and a week - on - week change of - 45.0 [2]. - The spread between EC2506 - 2510 was 561.8 (two days ago), 560.3 currently, with a month - on - month change of - 12.3 and a week - on - week change of - 34.0 [2]. - The spread between EC2510 - 2512 was - 161.0 (previous day), - 169.1 (two days ago), - 163.5 currently, with a month - on - month change of 8.1 and a week - on - week change of - 8.1 [2]. - The spread between EC2512 - 2602 was 192.2 (previous day), 177.8 (two days ago), 171.7 currently, with a month - on - month change of 14.4 and a week - on - week change of 41.3 [2]. Shipping Indexes - SCHIS was updated weekly, with a value of 2123.24 on 2025/6/30, a previous value of 1937.14, and an increase of 9.61% [2]. - SCFI was updated hourly, with a value of 2030 on 2025/6/27, a previous value of 1835, and an increase of 10.63% [2]. - CCFI was updated hourly, with a value of 1640.72 on 2025/6/27, a previous value of 1578.6, and an increase of 3.94% [2]. - NCFI was updated weekly, with a value of 1442.95 on 2025/6/27, a previous value of 1299.58, and an increase of 11.03% [2]. - TCI was updated daily, with a value of 957.21 on 2025/6/30, a previous value of 937.12, and an increase of 2.14% [2]. Capacity Arrangement - In July and August 2025 (tentatively), the average weekly capacity was 299,000 TEU and 305,000 TEU respectively. The first week of July had good cargo intake but no over - booking. The capacity in the second and fourth weeks was neutral, while the third week was high, which could suppress freight rates. In week 33, there was one new blank sailing, and there were ship delays for PA & MSC [2]. Recent European Line Quotations - Shipping companies announced price increases for July. MSK opened at $3400, and others were mostly between $3500 - $4000. In the first week, some shipping companies reduced prices, and MSK dropped to $3100, with the final average price of shipping companies at $3400 (equivalent to 2400 points on the futures market). In the second week, MSK opened at $2900, and the current average quotation of shipping companies was equivalent to 2300 points on the futures market [3]. News - On June 30, the Qatari Foreign Ministry stated that the cease - fire negotiation in the Gaza Strip had not restarted, and relevant parties were in contact to determine the schedule and plan for the new round of negotiation. Qatar was pressuring relevant parties to decouple the cease - fire negotiation from the provision of humanitarian aid to the Gaza Strip and accused Israel of preventing humanitarian aid from entering the Gaza Strip [4]. - On June 30, the Iranian Armed Forces stated that they were ready to respond to any new acts of aggression [4].

有色套利早报 研究中心有色团队 2025/07/01 铜：跨市套利跟踪 2025/07/01 国内价格 LME价格 比价 现货 79990 10059 7.97 三月 79680 9878 8.07 均衡比价 盈利 现货进口 8.13 -1666.99 现货出口 1406.63 锌：跨市套利跟踪 2025/07/01 国内价格 LME价格 比价 现货 22500 2770 8.12 三月 22445 2780 6.17 均衡比价 盈利 现货进口 8.64 -1440.41 铝：跨市套利跟踪 2025/07/01 国内价格 LME价格 比价 现货 20780 2598 8.00 三月 20495 2599 7.90 均衡比价 盈利 现货进口 8.54 -1404.94 镍：跨市套利跟踪 2025/07/01 国内价格 LME价格 比价 现货 119900 15025 7.98 均衡比价 盈利 现货进口 8.23 -2486.93 铅：跨市套利跟踪 2025/07/01 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 ...

s 疯皮期货 沥青早报 2019 - 2022 - 2020 2019 -- 2022 - 2019 -- 2022 2021 - 2020 -2021 - 2020 -- 2021 2023 2024 2025 2023 - 2024 - 2025 - 2023 · 2024 · 2025 华东非标基差 山东非标基差(+80) 华南非标基差 500 700 - 700 г 300 500 500 100 300 300 100 -1007 100 -300 -100~ -100% -500 -300 -300 2019 2020 2021 2022 · 2019 - 2022 · 2020 = 2021 - 2021 - 2022 = 2019 · 2020 · 2023 2024 2023 2025 · 2024 - 2025 - 2023 2024 - 2025 BU09-12 BU06-09 BU03-06 500 - 500 - 500 300 - 300 300 100 100 100 -1000 -100 TA -300 -300 -300 -500 -500 -500 2019 2019 · ...

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 秦皇岛5500 618.0 0.0 1.0 -2.0 -252.0 25省终端可用天数 23.2 0.9 3.3 2.3 5.6 秦皇岛5000 547.0 1.0 8.0 12.0 -223.0 25省终端供煤 579.8 -7.3 -28.8 -60.3 -43.1 广州港5500 710.0 0.0 0.0 -10.0 -210.0 北方港库存 2783.0 -35.0 -45.0 -251.0 81.7 鄂尔多斯5500 405.0 0.0 0.0 10.0 -245.0 北方锚地船舶 74.0 -14.0 -8.0 -1.0 24.0 大同5500 465.0 0.0 5.0 10.0 -255.0 北方港调入量 171.3 18.3 -0.7 9.1 0.2 榆林6000 562.0 0.0 5.0 -5.0 -296.0 北方港吞吐量 183.0 17.2 31.9 -22.5 20.0 榆林6200 590.0 0.0 5.0 -5.0 -297.0 CBCFI海运指数 706.3 -6.5 11.6 13.1 142 ...

永安合成橡胶早报 研究中心能化团队 2025/7/1 6/26 6/27 6/30 日度变化 周度变化 11250 -25 -325 11195 11275 36383 33472 28291 -5181 17417 108330 96846 96678 -168 -2869 6530 7700 7700 1070 0 -3 27.86 21.74 18.37 10 25 275 3 22 300 125 202 425 450 25 25 25 75 705 675 700 | 36383 | | 播 | 主力合约持仓量 主力合约成交量 | 33898 | 10874 | | 33472 | 28291 | -5181 | 17417 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 108330 | | | | 163945 | 102647 | | 96846 | 96678 | -168 | -2969 | | | | | 仓单数量 | 12290 | 6630 | 6530 | 7700 | 7700 | ...