国内价格 LME价格 比价 现货 17400 2044 8.52 三月 17505 2068 10.90 均衡比价 盈利 现货进口 8.70 -352.43 有色套利早报 研究中心有色团队 2025/11/17 铜：跨市套利跟踪 2025/11/17 国内价格 LME价格 比价 现货 87050 10881 8.05 三月 86900 10878 8.01 均衡比价 盈利 现货进口 8.06 -920.93 现货出口 134.77 锌：跨市套利跟踪 2025/11/17 国内价格 LME价格 比价 现货 22480 3201 7.02 三月 22465 3026 5.82 均衡比价 盈利 现货进口 8.48 -4661.65 铝：跨市套利跟踪 2025/11/17 国内价格 LME价格 比价 现货 21910 2832 7.73 三月 21840 2861 7.69 均衡比价 盈利 现货进口 8.31 -1639.17 镍：跨市套利跟踪 2025/11/17 国内价格 LME价格 比价 现货 121550 14696 8.27 均衡比价 盈利 现货进口 8.16 -2326.46 铅：跨市套利跟踪 2025/ ...

Report Investment Rating - No investment rating information provided Core Viewpoints - The report presents the latest information on the supply and demand of major oilseeds and oils in the 2025/26 period, including data on soybeans, rapeseeds, and palm oil, as well as the expected trend of U.S. soybean crushing volume and inventory [1] Summary by Related Catalogs 2025/26 Annual U.S. Soybean Information - The estimated production for the 2025/26 U.S. soybean season is 4.253 billion bushels, down from the September estimate of 4.301 billion bushels - The estimated planting area is 81.1 million acres, the same as the September estimate - The estimated harvested area is 80.3 million acres, consistent with the September estimate - The estimated yield per acre is 53 bushels, down from the September estimate of 53.5 bushels - The estimated export volume is 1.635 billion bushels, down from the September estimate of 1.685 billion bushels - The estimated ending stocks are 290 million bushels, down from the September estimate of 300 million bushels [1] 2025/26 Annual Global Soybean Information - Brazil's estimated soybean production is 175 million tons, the same as the September estimate, and the estimated export volume is 112.5 million tons, up from the September estimate of 112 million tons - Argentina's estimated soybean production is 48.5 million tons, the same as the September estimate, and the estimated export volume is 8.25 million tons, up from the September estimate of 6 million tons - China's estimated soybean imports are 112 million tons, the same as the September estimate - Global estimated soybean production is 421.75 million tons, down from the September estimate of 425.87 million tons, and the estimated ending stocks are 121.99 million tons, down from the September estimate of 123.99 million tons [1] U.S. October Soybean Crushing Volume - The estimated U.S. soybean crushing volume in October is 209.522 million bushels, an increase of 5.9% from September's 197.863 million bushels and 4.8% from October 2024's 199.943 million bushels, setting a new record high [1] U.S. October Soybean Oil Inventory - The estimated U.S. soybean oil inventory in October is 1.257 billion pounds, an increase of 1.1% from the end - of - September inventory of 1.243 billion pounds and 17.0% from October 2024's 1.074 billion pounds [1] 2025/26 Annual Global Rapeseed Information - Global estimated rapeseed production is 92.273 million tons, an increase of 6.274 million tons year - on - year, and the estimated ending stocks are 11.336 million tons, an increase of 1.504 million tons year - on - year - Global estimated rapeseed oil production is 35.009 million tons, an increase of 0.873 million tons year - on - year, and the estimated ending stocks are 3.19 million tons, a decrease of 0.016 million tons year - on - year - Global estimated rapeseed meal production is 50.005 million tons, an increase of 0.949 million tons year - on - year, and the estimated ending stocks are 1.541 million tons, an increase of 0.153 million tons year - on - year - Canada's estimated rapeseed export volume is 6.7 million tons, a decrease of 2.631 million tons year - on - year; the estimated rapeseed oil export volume is 3.375 million tons, an increase of 0.06 million tons year - on - year; the estimated rapeseed meal export volume is 5.5 million tons, a decrease of 0.299 million tons year - on - year [1] Malaysia Palm Oil Export - Malaysia's palm oil product export volume from November 1 - 15 is 728,995 tons, a decrease of 15.5% compared to the same period last month [1] Indonesia Palm Oil Production - Indonesia's palm oil production in 2026 is expected to increase by 3 - 4%, lower than this year's estimated growth rate of 4 - 7%, and the 2025 palm oil export is expected to increase by 6 - 7% [1] Spot Prices - The report provides 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 November 10 - 14, 2025 [2]

免责声明 焦炭日报 研究中心黑色团队 2025/11/17 | | 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 | 1646.23 | 54.61 | 54.61 | 163.84 | -10.22% 高炉开工率 | 88.80 | | 0.99 | -1.53 | 1.06% | | 河北准一干熄 | 1845.00 | 0.00 | 0.00 | 110.00 | 4.83% 铁水日均产量 | 236.88 | | 2.66 | -4.07 | 0.40% | | 山东准一干熄 | 1770.00 | 0.00 | 0.00 | 110.00 | -11.94% 盘面05 | 1816.5 | -6.00 | -58.50 | 19.50 | -8.90% | | 江苏准一干熄 | 1810.00 | 0.00 | 0.00 | 110.00 | -11.71% 盘面09 | 1901 ...

废钢早报 研究中心黑色团队 2025/11/17 华东 स्क 中部 华南 东北 日期 西南 2025/11/105 | 2209 2034 2206 2222 2096 ~ 2277 原点 2220 2097 2025/11/11 2208 2278 2037 2208 2208 2221 2097 2025/11/12 2205 2277 2037 2097 2025/11/13 2203 2275 2037 2208 2226 2025/11/145 容 2199 2275 原占 2036 2209 原 2226 2096 - 环比 -4 0 -1 1 0 -1 镇江鸿泰剪切料价格 (不含税) 沙钢重三价格 (含税) ● 2022 ● 2023 ● 2024 ● 2025 ● 2022 ● 2023 ● 2024 ● 2025 3,600 4,200元/吨 3,900 3,300 3,600 3,000 3,300 2,700 3,000 2,400 2,700 2,100 2,400 2,100 1,800 1月 2月 3月 4月 5月 6月 7月 8月 9月 10月11月12月 + 2019 ↓ 2 ...

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 830.0 0.0 15.0 86.0 -20.0 25省终端可用天数 25.9 -0.9 6.0 5.0 8.3 秦皇岛5000 737.0 0.0 14.0 83.0 -18.0 25省终端供煤 546.1 2.3 -62.5 -94.0 -76.8 广州港5500 865.0 0.0 10.0 80.0 -45.0 北方港库存 2286.0 23.0 68.0 89.0 -300.2 鄂尔多斯5500 580.0 -5.0 -5.0 85.0 -50.0 北方锚地船舶 127.0 2.0 17.0 15.0 82.0 大同5500 630.0 -5.0 -5.0 85.0 -80.0 北方港调入量 178.2 -1.8 3.4 48.4 13.5 榆林6000 712.0 0.0 0.0 60.0 -120.0 北方港吞吐量 173.1 -2.9 -2.9 26.2 47.3 榆林6200 740.0 0.0 0.0 60.0 -120.0 CBCFI海运指数 1024.2 -67.8 -95.8 74.8 20 ...

| | | | | 燃料油早报 | | 研究中心能化团队 2025/11/17 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 燃 料 油 | | | | | | | | | 日期 | 鹿特丹3.5% HSF | 鹿特丹0.5% VLS | 鹿特丹HSFO-Br | 鹿特丹10ppm G | 鹿特丹VLSFO-G | LGO-Brent M1 | 鹿特丹VLSFO-H | | | O掉期 M1 | FO掉期 M1 | ent M1 | asoil掉期 M1 | O M1 | | SFO M1 | | 2025/11/10 | 371.28 | 414.78 | -4.71 | 690.87 | -276.09 | 30.17 | 43.50 | | 2025/11/11 | 381.44 | 422.72 | -4.85 | 715.93 | -293.21 | 32.12 | 41.28 | | 2025/11/12 | 365.00 | 405.19 | -5.03 | 692.85 | -287.66 | 31.72 | 40.19 | | ...

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4500 5500 6500 7500 8500 9500 01/01 02/01 03/01 04/01 05/01 06/01 07/01 08/01 09/01 10/01 11/01 12/01 72%FeSi：市场价：内蒙古（日） 2021 2022 2023 2024 2025 4000 5000 6000 7000 8000 9000 10000 01/01 02/01 03/01 04/01 05/01 06/01 07/01 08/01 09/01 10/01 11/01 12/01 72%FeSi：市场价：青海 2021 2022 2023 2024 2025 4000 5000 6000 7000 8000 9000 10000 01/01 02/01 03/01 04/01 05/01 06/01 07/01 08/01 09/01 10/01 11/01 12/01 72%FeSi：市场价：宁夏 2021 2022 2023 2024 2025 4500 5500 6500 7500 8500 9500 01/01 02/01 03/01 04/01 05/01 06/01 07/0 ...

地区 品种 最新 日变化 周变化 折盘面 最新 日变化 周变化 进口利润 103.60 0.00 -1.10 纽曼粉 780 0 10 834.6 98.90 -0.45 0.70 -5.40 PB粉 783 0 10 830.5 103.75 -0.25 1.05 -4.03 麦克粉 773 -3 3 844.3 98.25 -0.25 1.05 16.09 金布巴 734 0 10 825.8 93.15 -0.20 1.10 9.37 主流 混合粉 722 -3 -3 850.5 94.75 -0.10 1.55 -10.16 超特粉 670 -2 -3 883.8 90.45 -0.10 2.05 -19.99 卡粉 882 -1 4 826.2 114.60 -0.05 1.20 6.61 巴西 巴混 820 2 6 835.2 106.80 0.20 1.65 6.95 主流 巴粗IOC6 783 0 8 858.9 巴粗SSFG 788 0 8 乌克兰精粉 875 0 0 963.3 61%印粉 723 0 10 卡拉拉精粉 877 0 0 897.3 罗伊山粉 770 0 10 847.6 9 ...

| 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 | | 2025/11/10 | 2050 | 2120 | 2140 | 2270 | -44 | 0 | 142 2700 | 2800 | 176 | 8 | | 2025/11/11 | 2070 | 2130 | 2150 | 2300 | -47 | 20 | 164 2700 | 2800 | 165 | 8 | | 2025/11/12 | 2070 | 2140 | 2150 | 2310 | -37 | 20 | 151 2700 | 2800 | 165 | -12 | | 2025/11/13 | 2070 | 2150 | 2150 | 2320 | -36 | 20 | 145 2700 | 2800 | 148 | -12 | | 2025/11/ ...