原油成品油早报 研究中心能化团队 2025/12/23 | 日期 | WTI | BRENT | DUBAI | diff FOB dated bre | BRENT 1- | WTI-BREN | DUBAI-B | NYMEX RB | RBOB-BR | NYMEX | HO-BRT | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 2月差 | T | RT（EFS | OB | T | HO | | | | | | | nt | | | | | | | | | 2025/12/16 | 55.27 | 58.92 | 60.99 | - | 0.25 | -3.65 | 0.34 | 168.09 | 11.68 | 212.86 | 30.48 | | 2025/12/17 | 55.94 | 59.68 | 61.31 | - | 0.28 | -3.74 | 0.40 | 169.43 | 11.48 | 214.95 | 30.60 | | 2025/12/18 | 5 ...

Group 1: Price Performance - London Gold's latest price is 4421.65 with a change of 84.05 [1] - London Silver's latest price is 69.22 with a change of 3.43 [1] - London Platinum's latest price is 1956.00 with a change of 32.00 [1] - London Palladium's latest price is 1683.00 with a change of -28.00 [1] - LME Copper's latest price is 11969.00 with a change of 159.50 [1] Group 2: Trading Data - COMEX Silver inventory is 14016.58 with a change of -95.90 [1] - SHFE Silver inventory is 901.47 with a change of 1.83 [1] - Gold ETF持仓 is 1064.56 with a change of 12.02 [1] - Silver ETF持仓 is 16599.25 with a change of 533.01 [1] - SGE Silver inventory is 693.35 with a change of 0.00 [1] - SGE Gold deferred fee payment direction is 1 with a change of 0.00 [1] - SGE Silver deferred fee payment direction is 2 with a change of 0.00 [1]

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 Price and Profit (Catalog: Price and Profit) - The report shows the spot prices of various types of steel in different regions from December 16 to December 22, 2025. For example, Beijing's rebar price was 3100 on December 16 and 17, and rose to 3140 on December 18 and 19 [1]. Basis and Spread (Catalog: Basis and Spread) - Not provided in the given content Production and Inventory (Catalog: Production and Inventory) - Not provided in the given content

甲醇聚烯烃早报 研究中心能化团队 2025/12/23 甲 醇 日期 动力煤期 货 江苏现货 华南现货 鲁南折盘 面 西南折盘面 河北折盘 面 西北折盘 面 CFR中国 CFR东南 亚 进口利润 主力基差 盘面MTO 利润 2025/12/1 6 801 2120 2075 2445 2475 2395 2555 245 317 5 25 - 2025/12/1 7 801 2130 2095 2440 2485 2385 2550 249 318 -5 25 - 2025/12/1 8 801 2168 2120 2440 2485 2385 2525 251 318 0 20 - 2025/12/1 9 801 2157 2115 2435 2485 2385 2508 249 320 1 20 - 2025/12/2 2 801 - - - 2485 2385 2500 - - - 20 - 日度变化 0 - - - 0 0 -8 - - - 0 - 伊朗装置开始停车，港口内地共振反弹，基差小幅走强，卸货慢，港口连续两周去库，浮仓很多，预计后期回归 累库，11月伊朗发 运110w，预计12-1月进口下降 ...

Report Industry Investment Rating - Not provided in the content Core Viewpoints - Not provided in the content Summary by Relevant Catalogs Price (Silicon Iron) - On December 23, 2025, the latest spot prices of Ningxia 72 and Inner Mongolia 72 were 5220 and 5250 respectively, with daily changes of 20 and 0, and weekly changes of 20 and 30 [2] - The latest prices of the main contract and 01 contract of silicon iron were 5644 and 5516 respectively, with daily changes of 4 and -6, and weekly changes of 126 and 106 [2] - The export price of Tianjin 72 silicon iron was 1020 US dollars, with no daily or weekly changes [2] Price (Silicon Manganese) - On December 23, 2025, the ex - factory prices of Inner Mongolia 6517, Ningxia 6517, Guangxi 6517, Guizhou 6517, and Yunnan 6517 silicon manganese were 5550, 5540, 5650, 5600, and 5600 respectively, with different daily and weekly changes [2] - The latest price of the main contract of silicon manganese was 5840, with a daily change of 32 and a weekly change of 82 [2] Supply (Silicon Iron) - Data shows the production volume, capacity utilization rate of 136 silicon - iron enterprises in China from 2021 - 2025, including monthly and weekly data [5] Supply (Silicon Manganese) - The production volume of silicon manganese in China from 2021 - 2025 was presented, along with the purchase price and quantity of HeSteel Group [7] Demand - The demand for silicon iron and silicon manganese in China from 2021 - 2025 was shown, related to factors such as the production of steel, metal magnesium, and stainless - steel [5][8] Inventory (Silicon Iron) - The inventory data of 60 sample enterprises in China, including Ningxia, Inner Mongolia, and Shaanxi, from 2021 - 2025 were provided, as well as the warehouse receipt quantity, effective forecast, and average available days of inventory [6] Inventory (Silicon Manganese) - The inventory data of 63 sample enterprises in China, warehouse receipt quantity, effective forecast, and average available days of inventory from 2021 - 2025 were presented [8] Cost and Profit (Silicon Iron) - The cost and profit data of silicon iron in Ningxia and Inner Mongolia from 2021 - 2025 were shown, including production cost, profit on the main contract, and spot profit [6] Cost and Profit (Silicon Manganese) - The profit data of silicon manganese in Inner Mongolia, Guangxi, the northern region, and the southern region from 2021 - 2025 were presented, as well as the profit on the main contract [8]

Report Information - Report Title: Coking Coal Daily Report - Date: December 23, 2025 - Research Team: Black Team of the Research Center [1] Price Information Spot Prices - Liu Lin Main Coking Coal: Latest price is 1,500.00, with no daily change, a weekly decrease of 5.00, a monthly decrease of 145.00, and an annual increase of 3.45% [2] - Raw Coal Port Delivery Price: Latest price is 970.00, a daily decrease of 13.00, a weekly increase of 30.00, a monthly decrease of 40.00, and an annual increase of 1.57% [2] - Shaheyi Meng 5: Latest price is 1,360.00, with no daily change, a weekly decrease of 20.00, a monthly decrease of 150.00, and an annual decrease of 8.11% [2] - Anze Main Coking Coal: Latest price is 1,600.00, with no daily change, a weekly increase of 100.00, a monthly decrease of 60.00, and an annual increase of 3.90% [2] Futures Prices - Futures Contract 05: Latest price is 1,104.50, a daily decrease of 5.50, a weekly increase of 46.00, a monthly decrease of 79.00, and an annual decrease of 4.58% [2] - Futures Contract 09: Latest price is 1,185.00, a daily decrease of 0.50, a weekly increase of 48.50, a monthly decrease of 60.00, and an annual decrease of 3.23% [2] - Futures Contract 01: Latest price is 1,004.00, a daily increase of 6.50, a weekly increase of 40.00, a monthly decrease of 93.00, and an annual decrease of 7.34% [2] Inventory Information - Total Inventory: Latest is 3,934.10, a weekly increase of 28.66, a monthly increase of 297.27, and an annual decrease of 16.27% [2] - Coal Mine Inventory: Latest is 272.77, a weekly increase of 17.46, a monthly increase of 86.85, and an annual decrease of 19.17% [2] - Port Inventory: Latest is 307.50, a weekly increase of 11.00, a monthly increase of 9.00, and an annual decrease of 31.50% [2] - Steel Mill Coking Coal Inventory: Latest is 794.65, a weekly decrease of 3.62, a monthly increase of 4.48, and an annual increase of 5.11% [2] - Coking Coking Coal Inventory: Latest is 1,037.30, a weekly increase of 28.10, a monthly decrease of 31.67, and an annual decrease of 0.23% [2] Other Information Coking Capacity Utilization - Coking Capacity Utilization: Latest is 72.05, a weekly decrease of 1.11, a monthly increase of 0.34, and an annual decrease of 1.33% [2] Basis and Spread - 05 Basis: Latest is -78.29, a daily increase of 5.50, a weekly decrease of 23.01, a monthly decrease of 122.15, and an annual decrease of 61.94% [2] - 09 Basis: Latest is -158.79, a daily increase of 0.50, a weekly decrease of 25.51, a monthly decrease of 141.15, and an annual increase of 0.91% [2] - 01 Basis: Latest is 22.21, a daily decrease of 6.50, a weekly decrease of 17.01, a monthly decrease of 108.15, and an annual decrease of 0.61% [2] - 5 - 9 Spread: Latest is -80.50, a daily decrease of 5.00, a weekly decrease of 2.50, a monthly decrease of 19.00, and an annual increase of 0.20% [2] - 9 - 1 Spread: Latest is 181.00, a daily decrease of 7.00, a weekly increase of 8.50, a monthly increase of 33.00, and an annual increase of 0.28% [2] - 1 - 5 Spread: Latest is -100.50, a daily increase of 12.00, a weekly decrease of 6.00, a monthly decrease of 14.00, and an annual increase of 0.36% [2]

1. Report Industry Investment Rating - No information provided in the document. 2. Core Viewpoints of the Report - For copper, the long - term TC for copper concentrate is set at $0/ton next year, with little impact on the market. The domestic market may see a slight inventory build - up until the Spring Festival. With loose overseas liquidity, copper prices should be bought on dips, with an expected price range of $10,800 - $12,000 in December [1]. - For aluminum, although domestic demand is weak, the decreasing inventory supports the price, and it is expected to remain in a volatile range [1]. - For zinc, the domestic fundamentals are poor, but there may be a phased reduction in supply at the end of the year. It is recommended to wait and see for single - side trading, focus on reverse arbitrage opportunities between domestic and overseas markets, and positive arbitrage opportunities for 01 - 03 and 03 - 05 spreads [6]. - For nickel, the short - term fundamentals are weak, but the policy side has a motivation to support prices, leading to intensified policy - fundamentals game [10]. - For stainless steel, the fundamentals are weak, but the news of quota reduction from the Indonesian Nickel Association drives a short - term price rebound [12]. - For lead, the price is expected to oscillate between 16,700 - 17,100 yuan, and attention should be paid to the risk of low warehouse receipts [15]. - For tin, the short - term fundamentals show signs of weakening, and there is a risk of supply over - increase. In the long - term, demand determines the upside space [18]. - For industrial silicon, in the short - term, the supply and demand are balanced, and the price will fluctuate with costs. In the long - term, it will oscillate at the cycle bottom [19]. - For lithium carbonate, the current supply and demand are both strong, but demand shows signs of weakening. The price needs further inventory reduction, speculative demand, or stronger holding willingness to rise [21]. 3. Summary by Metal Copper - **Price and Inventory Changes**: From December 16 to 22, the spot premium decreased by 45, the scrap - refined copper spread increased by 813, the SHFE inventory remained unchanged, and the SHFE warrant increased by 2,803. The LME inventory decreased by 2,650, and the LME cancelled warrant decreased by 4,700 [1]. - **Market Outlook**: The long - term TC for copper concentrate is set at $0/ton next year, slightly higher than the previous rumor. The domestic market may see a slight inventory build - up until the Spring Festival. With loose overseas liquidity, copper prices should be bought on dips, with an expected price range of $10,800 - $12,000 in December [1]. Aluminum - **Price and Inventory Changes**: From December 16 to 22, the Shanghai, Yangtze River, and Guangdong aluminum ingot prices increased by 120, 110, and 120 respectively. The domestic alumina price decreased by 8, and the imported alumina price decreased by 40. The SHFE social inventory remained unchanged, and the SHFE exchange inventory remained unchanged. The aluminum C - 3M decreased by 0.33, and the LME inventory remained unchanged, while the LME cancelled warrant increased by 600 [1]. - **Market Outlook**: In November, the import of primary aluminum decreased, and the export of primary aluminum, aluminum products, and semi - finished products increased. Domestic demand is weak, but the decreasing inventory supports the price, and it is expected to remain in a volatile range [1]. Zinc - **Price and Inventory Changes**: From December 16 to 22, the spot premium remained unchanged, the Shanghai zinc ingot price decreased by 10, the Tianjin and Guangdong zinc ingot prices increased by 10. The zinc social inventory remained unchanged, and the SHFE exchange inventory remained unchanged. The LME C - 3M decreased by 2, the LME zinc inventory decreased by 650, and the LME zinc cancelled warrant increased by 700 [4][5]. - **Market Outlook**: The LME zinc 0 - 3M premium decreased from $90.6 to - $30.61, and the zinc price fell. The domestic and imported TC is accelerating downward, and the domestic smelter's zinc ore inventory is increasing. The demand is seasonally weak. It is recommended to wait and see for single - side trading, focus on reverse arbitrage opportunities between domestic and overseas markets, and positive arbitrage opportunities for 01 - 03 and 03 - 05 spreads [6]. Nickel - **Price and Inventory Changes**: From December 16 to 22, the price of 1.5% Philippine nickel ore remained unchanged, the high - nickel iron data was not provided. The SHFE nickel spot price increased by 1,450, the Jinchuan premium increased by 100, and the Russian nickel premium remained unchanged. The LME C - 3M decreased by 1, the LME inventory decreased by 162, and the LME cancelled warrant decreased by 792 [10]. - **Market Outlook**: The short - term fundamentals are weak, with a slight decline in pure nickel production, weak demand, and continuous inventory build - up at home and abroad. The Indonesian Nickel Association plans to reduce the quota by 34% next year, and the policy - fundamentals game is intensified [10]. Stainless Steel - **Price and Inventory Changes**: From December 16 to 22, the 304 cold - rolled coil price increased by 50, the 304 hot - rolled coil price increased by 25, the 201 cold - rolled coil price remained unchanged, the 430 cold - rolled coil price remained unchanged, and the scrap stainless steel price increased by 30 [12]. - **Market Outlook**: The supply is at a high level, the demand is mainly for rigid needs, the cost is stable, and the inventory is at a high level. The news of quota reduction from the Indonesian Nickel Association drives a short - term price rebound [12]. Lead - **Price and Inventory Changes**: From December 16 to 22, the spot premium remained unchanged, the Shanghai - Henan and Shanghai - Guangdong price differences remained unchanged, the 1 secondary lead price difference increased by 25, the social inventory data was not provided, and the SHFE inventory remained unchanged. The LME C - 3M decreased by 2, the LME inventory decreased by 2,675, and the LME cancelled warrant decreased by 2,300 [13]. - **Market Outlook**: The lead price decreased slightly this week. The supply and demand are in a state of mismatch, but the recovery of secondary lead production eases the contradiction. The lead price is expected to oscillate between 16,700 - 17,100 yuan, and attention should be paid to the risk of low warehouse receipts [15]. Tin - **Price and Inventory Changes**: From December 16 to 22, the spot import gain increased by 5,706.98, the spot export gain decreased by 5,301.22, the tin position decreased by 3,298, the LME C - 3M increased by 36, the LME inventory decreased by 20, and the LME cancelled warrant decreased by 20 [18]. - **Market Outlook**: The tin price rose rapidly this week. The supply side has limited rebound space for processing fees. The demand is mainly for rigid needs, and the inventory is increasing at home and abroad. The short - term fundamentals show signs of weakening, and in the long - term, demand determines the upside space [18]. Industrial Silicon - **Price and Inventory Changes**: From December 16 to 22, the 421 Yunnan basis increased by 95, the 421 Sichuan basis increased by 95, the 553 East China basis increased by 145, the 553 Tianjin basis increased by 95, and the warrant quantity remained unchanged [19]. - **Market Outlook**: In December, the supply and demand of industrial silicon are expected to be balanced. In the short - term, the price will fluctuate with costs. In the long - term, it will oscillate at the cycle bottom [19]. Lithium Carbonate - **Price and Inventory Changes**: From December 16 to 22, the SMM electric - grade lithium carbonate price increased by 1,350, the SMM industrial - grade lithium carbonate price increased by 1,300, the main contract basis decreased by 1,630, the near - month contract basis increased by 1,350, and the warrant quantity increased by 900 [21][23]. - **Market Outlook**: Affected by factors such as the cancellation of mining rights in some Jiangxi mining areas and the postponed resumption of production by CATL, the price has risen significantly. The current supply and demand are both strong, but demand shows signs of weakening. The price needs further inventory reduction, speculative demand, or stronger holding willingness to rise [21].

Group 1: Report Information - Report title: Coke Daily Report [1] - Date of issue: December 23, 2025 [1] - Research team: Black Team of the Research Center [1] Group 2: Price and Production Data Coke Prices - The latest price of Shanxi quasi - first wet - quenched coke is 1485.59, with a daily change of - 54.61, a weekly change of - 54.61, a monthly change of - 163.84, and a year - on - year change of - 13.49% [2] - The latest price of Hebei quasi - first dry - quenched coke is 1790.00, with no daily or weekly change, a monthly change of - 110.00, and a year - on - year change of 7.83% [2] - The latest price of Shandong quasi - first dry - quenched coke is 1715.00, with no daily or weekly change, a monthly change of - 110.00, and a year - on - year change of - 9.74% [2] - The latest price of Jiangsu quasi - first dry - quenched coke is 1755.00, with no daily or weekly change, a monthly change of - 110.00, and a year - on - year change of - 9.54% [2] - The latest price of Inner Mongolia second - grade coke is 1180.00, with a daily change of - 50.00, a weekly change of - 50.00, a monthly change of - 150.00, and a year - on - year change of - 15.71% [2] Production and Capacity Utilization - The blast furnace operating rate is 84.93, with a weekly change of - 0.99, a monthly change of - 3.65, and a year - on - year change of - 2.69% [2] - The daily average iron water output is 226.55, with a weekly change of - 2.65, a monthly change of - 9.73, and a year - on - year change of - 1.25% [2] - The coking capacity utilization rate is 71.92, with a weekly change of - 0.72, a monthly change of 0.82, and a year - on - year change of - 2.18% [2] - The daily average coke output is 51.30, with a weekly change of - 0.30, a monthly change of - 1.59, and a year - on - year change of - 3.21% [2] Group 3: Inventory Data Coke Inventories - The coking plant inventory is 51.90, with a weekly change of 1.79, a monthly change of 8.46, and a year - on - year change of 10.19% [2] - The port inventory is 175.65, with a weekly change of - 5.55, a monthly change of - 17.35, and a year - on - year change of 5.08% [2] - The steel mill inventory is 633.73, with a weekly change of - 1.55, a monthly change of 11.39, and a year - on - year change of 0.34% [2] - The steel mill inventory days are 11.72, with a weekly change of 0.06, a monthly change of 0.67, and a year - on - year change of - 6.24% [2] Futures - related Inventory Indicators - The 05 basis is 38.32, with a daily change of - 65.22, a weekly change of - 126.22, a monthly change of - 137.65, and a year - on - year change of - 161.97 [2] - The 09 basis is - 35.18, with a daily change of - 65.22, a weekly change of - 121.72, a monthly change of - 145.15, and a year - on - year change of - 175.97 [2] - The 01 basis is 178.32, with a daily change of - 66.72, a weekly change of - 153.72, a monthly change of - 154.65, and a year - on - year change of - 82.47 [2] - The 5 - 9 spread is - 140.00, with a daily change of 1.50, a weekly change of 27.50, a monthly change of 17.00, and a year - on - year change of - 79.50 [2] - The 9 - 1 spread is - 73.50, with no daily change, a weekly change of 4.50, a monthly change of - 7.50, and a year - on - year change of - 14.00 [2] - The 1 - 5 spread is 213.50, with a daily change of - 1.50, a weekly change of - 32.00, a monthly change of - 9.50, and a year - on - year change of 93.50 [2] Group 4: Futures Data - The latest price of the futures contract 05 is 1736.5, with a daily change of 6.50, a weekly change of 67.50, a monthly change of - 52.50, and a year - on - year change of - 4.72% [2] - The latest price of the futures contract 09 is 1810, with a daily change of 6.50, a weekly change of 63.00, a monthly change of - 45.00, and a year - on - year change of - 3.83% [2] - The latest price of the futures contract 01 is 1596.5, with a daily change of 8.00, a weekly change of 95.00, a monthly change of - 35.50, and a year - on - year change of - 9.39% [2]

Report Summary 1. Report Industry Investment Rating - No information provided in the given content. 2. Core View - No clear core view presented in the provided text. 3. Summary by Categories Spot Market - **Australian Mainstream Iron Ore**: Newman powder price is 791, down 1 from the previous day and up 16 for the week, with a discounted futures price of 846.6 and an import profit of 5.39; PB powder price is 794, down 1 from the previous day and up 16 for the week, with a discounted futures price of 845.6 and an import profit of -21.56; Mac powder price is 787, up 2 from the previous day and up 16 for the week, with a discounted futures price of 859.6 and an import profit of 26.92; Jinbuba powder price is 747, down 1 from the previous day and up 16 for the week, with a discounted futures price of 839.8 and an import profit of 23.69; Mixed powder price is 735, down 3 from the previous day and up 15 for the week, with a discounted futures price of 873.6 and an import profit of -3.48; Super special powder price is 677, unchanged from the previous day and up 12 for the week, with a discounted futures price of 897.5 and an import profit of -16.20; Carajás powder price is 874, unchanged from the previous day and up 19 for the week, with a discounted futures price of 807.2 and an import profit of -41.32 [1]. - **Brazilian Mainstream Iron Ore**: Brazilian mixed powder price is 829, down 1 from the previous day and up 14 for the week, with a discounted futures price of 836.3 and an import profit of -10.34; Brazilian coarse IOC6 price is 764, down 1 from the previous day and up 16 for the week; Brazilian coarse SSFG price is 769, down 1 from the previous day and up 16 for the week [1]. - **Other Iron Ores**: Ukrainian concentrate price is 877, up 2 from the previous day and up 22 for the week; 61% Indian powder price is 736, down 1 from the previous day and up 16 for the week; Karara concentrate price is 877, up 2 from the previous day and up 22 for the week; Roy Hill powder price is 781, down 1 from the previous day and up 16 for the week, with a discounted futures price of 859.6 and an import profit of 20.89; KUMBA powder price is 853, down 1 from the previous day and up 16 for the week; 57% Indian powder price is 612, unchanged from the previous day and up 12 for the week; Atlas powder price is 730, down 3 from the previous day and up 15 for the week; Tangshan iron concentrate price is 976, unchanged from the previous day and up 7 for the week, with a discounted futures price of 863.0 [1]. Futures Market - **DCE Contracts**: i2601 contract price is 797.5, down 0.5 from the previous day and up 20.5 for the week, with a monthly spread of -37.0; i2605 contract price is 781.5, up 1.5 from the previous day and up 28.5 for the week, with a monthly spread of 16.0; i2609 contract price is 760.5, up 2.5 from the previous day and up 29.0 for the week, with a monthly spread of 21.0 [1]. - **SGX Contracts**: FE01 contract price is 104.70, down 0.18 from the previous day and up 2.72 for the week, with a monthly spread of -4.01; FE05 contract price is 102.75, down 0.11 from the previous day and up 3.03 for the week, with a monthly spread of 1.95; FE09 contract price is 100.69, down 0.10 from the previous day and up 3.13 for the week, with a monthly spread of 2.06 [1].

Group 1: Global Asset Market Performance - The latest yields of 10 - year treasury bonds in major economies: US 4.165%, UK 4.535%, France 3.611%, Germany 2.897%, Italy 3.598%, Spain 3.332%, Switzerland 0.307%, Greece 3.482%, Japan 2.077%, Brazil 6.184%, China 1.835%, Australia 4.794%, New Zealand 4.475% [3] - The latest yields of 2 - year treasury bonds in major economies: US 3.508%, UK 3.736%, Germany 2.147%, Japan 1.113%, Italy 2.262%, China (1Y yield) 1.356%, Australia 4.075% [3] - The latest exchange rates of the US dollar against major emerging - economy currencies: Brazil 5.592, South Africa zar 16.711, South Korean won 1480.700, Thai baht 31.180, Malaysian ringgit 4.078. The latest on - shore RMB is 7.037, offshore RMB is 7.031, RMB central parity is 7.057, and RMB 12 - month NDF is 6.902 [3] - The latest values of major economies' stock indices: S&P 500 6878.490, Dow Jones Industrial Average 48362.680, Nasdaq 23428.830, Mexican stock index 64778.180, UK stock index 9865.970, French CAC 8121.070, German DAX 24283.970, Spanish stock index 17158.000, Russian stock index (not available), Nikkei 50402.390, Hang Seng Index 25801.770, Shanghai Composite Index 3917.364, Taiwan stock index 28149.640, South Korean stock index 4105.930, Indian stock index 8645.844, Thai stock index 1269.680, Malaysian stock index 1671.290, Australian stock index 9000.726, emerging - economy stock index 1383.830 [3] - The latest values of credit - bond indices: Eurozone investment - grade credit - bond index 264.992, Eurozone high - yield credit - bond index 409.720 [3] Group 2: Stock Index Futures Trading Data - Index performance: A - share closing price is 3917.36 with a 0.69% increase, CSI 300 closing price is 4611.62 with a 0.95% increase, SSE 50 closing price is 3020.23 with a 0.53% increase, ChiNext closing price is 3191.98 with a 2.23% increase, and CSI 500 closing price is 7255.66 with a 1.20% increase [4] - Valuation: PE(TTM) of CSI 300 is 14.05 with a 0.08环比 change, SSE 50 is 11.76 with a 0.06环比 change, CSI 500 is 32.95 with a 0.37环比 change, S&P 500 is 27.48 with a 0.18环比 change, and German DAX is 18.79 with a - 0.01环比 change [4] - Risk premium: 1/PE - 10 - year interest rate of S&P 500 is - 0.53 with a - 0.04环比 change, German DAX is 2.42 with a - 0.01环比 change [4] - Fund flow: The latest value of A - share fund flow is 58.51, main - board is - 112.17, ChiNext is 108.59, and CSI 300 is 222.28. The 5 - day average values are - 66.43 for A - shares, - 50.91 for the main board, - 1.48 for ChiNext, and 131.41 for CSI 300 [4] Group 3: Other Trading Data - Transaction amount: The latest transaction amount of the Shanghai and Shenzhen stock markets is 18619.40 with a 1360.25环比 change, CSI 300 is 4482.41 with a 766.64环比 change, SSE 50 is 1067.35 with a 117.95环比 change, small - and - medium - sized board is 3801.25 with a 289.02环比 change, and ChiNext is 4826.42 with a 443.70环比 change [5] - Main contract basis and spread: IF basis is - 46.82 with a - 1.02% spread, IH basis is - 1.83 with a - 0.06% spread, IC basis is - 132.46 with a - 1.83% spread [5] - Treasury futures: T2303 closing price is 107.98 with a - 0.16% change, TF2303 closing price is 105.86 with a - 0.10% change, T2306 closing price is 108.01 with a - 0.16% change, TF2306 closing price is 105.86 with a - 0.10% change [5] - Fund rates: R001 is 1.3547% with a - 16.00 BP daily change, R007 is 1.5063% with a 0.00 BP daily change, SHIBOR - 3M is 1.6010% with a 0.00 BP daily change [5]