Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report - The release of the full - version of the "15th Five - Year Plan Proposal" after yesterday's market close boosted market sentiment. Today, the stock index rose overall after the opening, with the turnover of the two markets rebounding, and the relative advantage of small and medium - cap stock indexes continued. The full - version mentioned finance, further stabilizing market expectations, emphasizing the importance of technology, and the new AI concept is positive for the technology sector. The impact of the meeting is expected to last about two weeks. The basis of stock index futures rebounded collectively today, and the market sentiment improved overall. Therefore, affected by the "15th Five - Year Plan", the stock index is expected to run strongly in the short term, and the relative advantage of small and medium - cap stocks will continue. Tonight, the Fed's October interest - rate decision is expected to cut interest rates by 25bp. Attention should be paid to the subsequent interest - rate cut path. If the statement is hawkish, the A - share market will be under pressure [4]. 3. Summary by Relevant Catalogs Market Review - Today, the stock indexes closed up collectively, with small - cap stocks showing stronger performance. For example, the CSI 300 index closed up 1.19%. The turnover of the two markets rebounded by 1.0817 billion yuan. In the futures index market, IH and IM rose with shrinking volume, while IF and IC rose with expanding volume [3]. Important Information - The full text of the "15th Five - Year Plan Proposal" proposed to take extraordinary measures to promote decisive breakthroughs in key core technologies in key areas, implement the "Artificial Intelligence +" action comprehensively, and boost consumption vigorously. - The "small non - farm" ADP released weekly employment data. As of the four weeks ending October 11, the average number of new private - sector jobs in the United States was about 14,000. - The Taiwan Affairs Office of the State Council stated that it is willing to create broad space for peaceful reunification but will never promise to abandon the use of force [4]. Strategy Recommendation - Long - term long positions should continue to be held [5]. Stock Index Futures Market Observation | | IF | IH | IC | IM | | --- | --- | --- | --- | --- | | Main contract intraday change (%) | 1.23 | 0.39 | 2.12 | 1.42 | | Trading volume (10,000 lots) | 10.0933 | 4.5105 | 13.4767 | 18.7636 | | Trading volume change (10,000 lots) | - 1.1905 | - 0.6016 | 0.8363 | - 2.3657 | | Open interest (10,000 lots) | 25.8558 | 9.4975 | 25.2815 | 34.8768 | | Open interest change (10,000 lots) | 0.0439 | - 0.0762 | 0.9663 | - 0.525 | [5] Spot Market Observation | Name | Value | | --- | --- | | Shanghai Composite Index change (%) | 0.70 | | Shenzhen Component Index change (%) | 1.95 | | Ratio of rising to falling stocks | 1.32 | | Turnover of the two markets (100 million yuan) | 2256.03 | | Turnover change (100 million yuan) | 108.17 | [6]

Group 1 - The domestic futures market for agricultural products shows a predominantly positive trend, with egg futures experiencing a price increase of 1.71%, reaching a high of 3181.00 yuan per 500 kg [1] - The current egg market is characterized by a stable consumption at the terminal level, with traders purchasing based on demand, leading to stable prices in various markets [2] - There is no clear indication of excess capacity being eliminated, and the future price trends of eggs will depend on changes in the willingness to restock and cull in the breeding sector [2] Group 2 - The medium to long-term egg production capacity remains relatively loose, indicating a need for further capacity reduction in the industry [2] - Recent price trends post-holidays confirm previous bearish outlooks, with an increase in the culling of hens, suggesting a potential for short-term participation in positive spreads [2] - Current national egg prices are stabilizing, influenced by weather conditions that facilitate storage, while both the breeding and trading sectors exhibit a cautious stance, leading to a likely short-term oscillation in prices [2]

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core View of the Report Although in the medium - to - long - term, central bank gold purchases and growing investment demand will boost the precious metal prices, in the short term, they are in an adjustment phase. Investors should watch for mid - term opportunities to buy on dips, and those with existing long positions should hold them cautiously. London gold has resistance at 4000 and 4150, with support moving down to the 3800 - 3850 area; silver has resistance at 48 and 50 - 50.5, with support at 46 and strong support at 44 [5]. 3. Summary by Related Catalogs 3.1 Market Review On Tuesday, precious metal prices continued to adjust, showing a V - shaped trend. Global trade easing and the alleviation of silver spot liquidity squeeze affected the market. Trump's intervention in the Fed enhanced gold's investment appeal. The surrounding US dollar index and 10Y US Treasury yield declined, US stocks rose, European stocks were mixed, Bitcoin pulled back, the South China Non - ferrous Metals Index adjusted significantly, and crude oil fell. COMEX gold 2512 contract closed at $3968.1 per ounce, down 1.28%; US silver 2512 contract closed at $47.14 per ounce, up 0.78%. SHFE gold 2512 main contract closed at 901.38 yuan per gram, down 4.2%; SHFE silver 2512 contract closed at 11049 yuan per kilogram, down 3.32% [2]. 3.2 Interest Rate Cut Expectations and Fund Holdings Interest rate cut expectations fluctuated slightly. According to CME "FedWatch" data, the probability of the Fed keeping rates unchanged in October was 0.5%, and the probability of a 25 - basis - point cut was 99.5%. For December, the probability of a cumulative 25 - basis - point cut was 8%, a 50 - basis - point cut was 91.6%, and a 75 - basis - point cut was 0.4%. For January, the probability of a cumulative 25 - basis - point cut was 3.8%, a 50 - basis - point cut was 48.1%, and a 75 - basis - point cut was 47.9%. SPDR Gold ETF holdings remained at 1038.94 tons; iShares Silver ETF holdings decreased by 131.22 tons to 15209.57 tons. SHFE silver inventory increased by 9.8 tons to 657.4 tons, and SGX silver inventory decreased by 145.4 tons to 905.2 tons as of the week ending October 24 [3]. 3.3 This Week's Focus In terms of data, focus on the preliminary value of US Q3 GDP on Thursday and US September PCE data on Friday. For events, pay attention to the Fed FOMC's interest rate decision at 02:00 on Thursday, Fed Chair Powell's press conference at 02:30, and the European Central Bank's interest rate decision at 21:15 on Thursday. Also, watch the APEC leaders' summit in South Korea, Trump's visits to Japan (until October 29) and South Korea [4]. 3.4 Precious Metal Price and Inventory Tables - **Price Table**: SHFE gold main - continuous contract was at 901.38 yuan per gram, down 3.51%; SGX gold TD was at 896.69 yuan per gram, down 3.61%; CME gold main contract was at $3968.1 per ounce, down 0.72%. SHFE silver main - continuous contract was at 11049 yuan per kilogram, down 3.03%; SGX silver TD was at 10996 yuan per kilogram, down 3.08%; CME silver main contract was at $47.14 per ounce, up 0.66%. SHFE - TD gold was at 4.69 yuan per gram, up 21.82%; SHFE - TD silver was at 53 yuan per kilogram, up 226.67%. CME gold - silver ratio was 84.1769, down 1.38% [6][7]. - **Inventory and Position Table**: SHFE gold inventory was 87015 kilograms, unchanged; CME gold inventory was 1196.0785 tons, down 0.6%. SHFE gold position was 175916 lots, down 2.71%; SPDR gold position was 1038.92 tons, unchanged. SHFE silver inventory was 657.427 tons, up 1.51%; CME silver inventory was 15180.4568 tons, down 0.91%; SGX silver inventory was 905.235 tons, down 13.84%. SHFE silver position was 321876 lots, down 5.8%; SLV silver position was 15209.570998 tons, down 0.86% [16]. 3.5 Stock, Bond, and Commodity Summary The US dollar index was at 98.7245, down 0.09%; the US dollar against the Chinese yuan was at 7.0963, down 0.18%. The Dow Jones Industrial Index was at 47706.37 points, up 0.34%. WTI crude oil spot was at $60.15 per barrel, down 1.89%. LmeS copper 03 was at $11029.5 per ton, up 0.26%. The 10Y US Treasury yield was 3.99%, down 0.5%; the 10Y US real interest rate was 1.71%, down 1.16%; the 10 - 2Y US Treasury yield spread was 0.52%, down 1.89% [21].

Investment Rating - The report maintains a "Recommendation" rating for Nanhua Futures, with a target price of 28.19 yuan [2][7]. Core Insights - Nanhua Futures reported a total revenue of 940 million yuan for the first three quarters of 2025, reflecting a year-on-year decline of 78.9%, primarily due to changes in accounting standards. On a comparable basis, the revenue actually decreased by 8.3% year-on-year. The net profit attributable to the parent company was 350 million yuan, down 1.9% year-on-year [2][7]. - The report highlights that the accounting policy change led to a significant adjustment in revenue reporting, but it did not materially affect the profit figures. The company’s net interest income, commission income, and investment income showed varied performance, with net interest income declining by 23.0% [2][7]. - The overseas business is supported by a high-interest environment and licensing advantages, with the company recently gaining membership as a clearing member of the European Intercontinental Exchange, increasing its global clearing positions to 13 [2][7]. Financial Performance Summary - For the first three quarters of 2025, the company achieved net interest income of 400 million yuan, commission income of 430 million yuan, and investment income of 90 million yuan, with year-on-year changes of -23.0%, +7.5%, and +774.8% respectively [2][7]. - The financial projections for the upcoming years indicate a significant drop in revenue for 2025, with expected revenues of 1.45 billion yuan in 2025, 1.53 billion yuan in 2026, and 1.61 billion yuan in 2027, reflecting a year-on-year growth of -74.7%, 5.5%, and 5.5% respectively [2][8]. - The earnings per share (EPS) are projected to be 0.81 yuan in 2025, 0.85 yuan in 2026, and 0.91 yuan in 2027, with corresponding price-to-earnings (PE) ratios of 26.00, 24.64, and 23.16 [2][8].

Market Overview - The diversified financial sector experienced a decline of 0.52% on October 28, with Zhongyou Capital leading the drop [1][2] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Stock Performance - Notable gainers in the diversified financial sector included: - Ruida Futures (002961) with a closing price of 24.29, up 5.75% and a trading volume of 354,300 shares, totaling 861 million yuan [1] - ST Xiongmao (6650009) closed at 8.77, up 3.79% with a trading volume of 68,700 shares, totaling 60.19 million yuan [1] - Major decliners included: - Zhongyou Capital (000617) closed at 10.57, down 1.95% with a trading volume of 1.27 million shares, totaling 134.9 million yuan [2] - Bohai Leasing (000415) closed at 3.57, down 1.92% with a trading volume of 698,700 shares, totaling 251 million yuan [2] Capital Flow - The diversified financial sector saw a net outflow of 219 million yuan from institutional investors, while retail investors contributed a net inflow of 207 million yuan [2][3] - Specific stock capital flows indicated: - Ruida Futures had a net inflow of 1.50 million yuan from institutional investors, while retail investors had a net outflow of 9.12 million yuan [3] - Yongan Futures (600927) experienced a net inflow of 43.91 million yuan from institutional investors, with retail investors also showing a net outflow of 22.76 million yuan [3]

Core Insights - The stock of Nanhua Futures (603093) closed at 21.6 yuan on October 28, 2025, with a rise of 2.61% and a trading volume of 193,300 hands, amounting to a total transaction value of 419 million yuan [1] Group 1: Financial Performance - For Q3 2025, Nanhua Futures reported a main revenue of 941 million yuan, a year-on-year decrease of 8.27%, and a net profit attributable to shareholders of 351 million yuan, down 1.92% year-on-year [3] - The company's debt ratio stands at 93.13%, with investment income reported at 139 million yuan [3] - The company's main business includes futures brokerage, wealth management, risk management, overseas financial services, and futures investment consulting [3] Group 2: Market Activity - On October 28, 2025, the net inflow of main funds was 23.68 million yuan, accounting for 5.65% of the total transaction value, while retail investors saw a net outflow of 177.24 million yuan, representing 4.23% of the total [1][2] - Over the past five days, the stock has experienced fluctuations in fund flows, with notable net inflows and outflows from different investor categories [2] Group 3: Company Metrics and Industry Comparison - Nanhua Futures has a total market capitalization of 13.177 billion yuan, with a net asset value of 4.405 billion yuan, and a net profit of 351 million yuan [3] - The company's price-to-earnings ratio (P/E) is 28.12, while the industry average is -39.35, indicating a relatively higher valuation [3] - The company's return on equity (ROE) is 8.27%, ranking 3rd in the industry, while the industry average is 2.36% [3] Group 4: Analyst Ratings - In the last 90 days, four institutions have provided ratings for Nanhua Futures, with one buy rating and three hold ratings, and the average target price set at 23.22 yuan [4]

Core Viewpoint - The recent fluctuations in gold prices are characterized as a healthy correction driven by short-term factors, aimed at building momentum for medium to long-term upward trends, with the underlying bull market foundation remaining intact [2] Group 1: Short-term Driving Factors - The core reason for the recent gold price adjustment is identified as short-term factors rather than a fundamental reversal, including easing pressure in the silver market, a retreat in short-term safe-haven demand, and profit-taking from previous gains [3][4] - The easing of silver market pressures, which previously saw extreme conditions, has led to a corresponding adjustment in gold prices [3] - A decline in short-term safe-haven demand occurred as temporary issues like U.S. government shutdowns and trade uncertainties were resolved, prompting some investors to liquidate gold positions [3][4] Group 2: Technical Analysis and Market Behavior - The current adjustment, with gold prices dropping nearly 10% from approximately 4380 to 4000, is considered a normal occurrence within a bull market, as similar adjustments have been observed historically [4] - Key support levels, such as the 4000 mark, are highlighted as critical for maintaining bullish sentiment, with potential further declines to the 3800-3850 range anticipated for more thorough price correction [5] - The market's behavior indicates that the recent decline is primarily due to profit-taking rather than a significant increase in short positions, as evidenced by stable ETF holdings [5] Group 3: Future Outlook and Trading Strategies - December is projected as a crucial month for gold prices, with seasonal trends and potential signals from the Federal Reserve's monetary policy decisions expected to influence market movements [7] - Investors are advised to manage risks carefully, avoiding common pitfalls such as chasing prices or mixing short-term and long-term positions, emphasizing the importance of clear trading objectives and timelines [7]

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core View of the Report Although in the medium - to - long - term, central bank gold purchases and growing investment demand will push up the price of precious metals, in the short term, they are in an adjustment phase. Investors should look for mid - term opportunities to buy on dips and hold existing long positions cautiously. The resistance levels for London gold are 4000 and 4150, and the support is lowered to the 3800 - 3850 area. For silver, the resistance levels are 48 and 50 - 50.5, and the support is 46 [5]. 3. Summary by Catalog 3.1 Market Review On Monday, precious metal prices declined as the easing of global trade tensions boosted market risk appetite. The US dollar index fluctuated, the 10 - year US Treasury yield fell, and European and American stock indexes, Bitcoin, the South China Non - ferrous Metals Index, and crude oil showed various trends. COMEX gold 2512 contract closed at $3997 per ounce, down 3.4%; US silver 2512 contract closed at $46.83 per ounce, down 3.61%. SHFE gold 2512 main contract closed at 934.14 yuan per gram, down 1.24%; SHFE silver 2512 contract closed at 11394 yuan per kilogram, down 0.47% [2]. 3.2 Interest Rate Cut Expectations and Fund Holdings Interest rate cut expectations were generally stable. According to CME "FedWatch" data, the probability of the Fed keeping interest rates unchanged in October was 2.7%, and the probability of a 25 - basis - point cut was 97.3%. For December, the probability of a cumulative 25 - basis - point cut was 4.6%, a 50 - basis - point cut was 95.3%, and a 75 - basis - point cut was 0%. For January, the probability of a cumulative 25 - basis - point cut was 2.3%, a 50 - basis - point cut was 48.1%, and a 75 - basis - point cut was 49.6%. SPDR Gold ETF holdings decreased by 8.01 tons to 1038.94 tons, and iShares Silver ETF holdings decreased by 79.02 tons to 15340.79 tons. SHFE silver inventory decreased by 17.3 tons to 647.6 tons, and SGX silver inventory decreased by 145.4 tons to 905.2 tons in the week ending October 17 [3]. 3.3 This Week's Focus In terms of data, focus on the preliminary value of the US Q3 GDP on Thursday and the US September PCE data on Friday. For events, pay attention to the Fed FOMC's interest rate decision at 02:00 on Thursday, Fed Chairman Powell's press conference at 02:30, and the European Central Bank's interest rate decision at 21:15 on Thursday. Also, focus on the APEC Leaders' Summit in South Korea, US President Trump's visits to Japan (until October 29) and South Korea [4]. 3.4 Price and Inventory Data - **Precious Metal Futures and Spot Prices**: SHFE gold main contract was at 934.14 yuan per gram, down 0.42%; SGX gold TD was at 930.29 yuan per gram, down 0.54%; CME gold main contract was at $3997 per ounce, down 3.15%. SHFE silver main contract was at 11394 yuan per kilogram, up 0.55%; SGX silver TD was at 11345 yuan per kilogram, up 0.25%; CME silver main contract was at $46.83 per ounce, down 3.26% [6][7]. - **Inventory and Position Data**: SHFE gold inventory was 87015 kilograms (unchanged), CME gold inventory was 1203.3159 tons, down 0.49%; SHFE gold position was 180815 lots, down 2.69%; SPDR gold position was 1038.92 tons, down 0.77%. SHFE silver inventory was 647.643 tons, down 2.61%; CME silver inventory was 15320.2554 tons, down 0.88%; SGX silver inventory was 905.235 tons, down 13.84%; SHFE silver position was 341694 lots, down 6.63%; SLV silver position was 15340.794278 tons, down 0.51% [12]. 3.5 Other Market Data The US dollar index was at 98.8157, down 0.12%; the US dollar against the Chinese yuan was at 7.1091, down 0.16%; the Dow Jones Industrial Average was at 47544.59 points, up 0.71%; WTI crude oil spot was at $61.31 per barrel, down 0.31%; LmeS copper 03 was at $11000.5 per ton, up 0.49%; the 10 - year US Treasury yield was 4.01%, down 0.25%; the 10 - year US real interest rate was 1.73% (unchanged); the 10 - 2 - year US Treasury yield spread was 0.53%, down 1.85% [17].

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core View New-season soybeans are still in the listing period. Affected by positive factors such as stable grain - selling sentiment and increased purchasing behavior driven by the reduction in southern production areas, the price of domestic soybeans has run stronger than the season. The main contradiction of loose supply and price pressure has changed. However, with the progress of Sino - US trade negotiations and the possible restart of US soybean imports, the market's bullish sentiment is suppressed. The market has entered a consolidation stage after the rise. In the later stage, the purchasing intensity in the spot market is the key to determining the soybean price trend, and the situation of price variation may continue [4]. 3. Summary by Related Catalogs 3.1 Price Range Forecast and Risk Strategies - **Price Range Forecast**: The price range forecast for the bean - one 11 - contract in the month is 3900 - 4100, with a current 20 - day rolling volatility of 10.72% and a historical percentile of 29.3% [3]. - **Risk Strategies** - **Inventory Management for Sellers**: For those with long positions due to large new - bean sales demand in autumn and concentrated listing, two strategies are recommended. One is to short bean - one futures (A2601) with a 30% hedging ratio when the price is above 4100 to lock in planting profits. The other is to sell the call option A2511 - C - 4050 with a 30% ratio at 30 - 50 (holding) to increase the grain - selling price [3]. - **Procurement Management for Buyers**: For those worried about rising raw - material prices and increased procurement costs (short positions), the main strategy is to wait to purchase spot goods in the medium - term and focus on long - term procurement management. Long positions in A2603 and A2605 are recommended, waiting for the price to bottom out in the fourth quarter [3]. 3.2 Core Contradiction Analysis - **Positive Factors**: Stable grain - selling sentiment, repayment needs, improved storage conditions due to colder weather, and strong purchasing willingness from the mid - and downstream support the price. The non - start of previous years' state - reserve purchases also restricts price decline [4][7]. - **Negative Factors**: The resumption of new - season soybean harvesting and listing in southern production areas ensures short - term supply. The progress of Sino - US trade negotiations and the possible restart of US soybean imports change the market's bullish logic [4][7]. 3.3 Price and Market Data - **Spot Price and Basis**: On October 27, 2025, the spot price of Harbin (domestic third - grade) soybeans was 3900 yuan/ton with a basis of - 177, and that of Nenjiang was 3860 yuan/ton with a basis of - 244 [5]. - **Futures Closing Price**: From October 24 to 27, 2025, the closing prices of bean - one futures contracts all declined. For example, the bean - one 11 - contract decreased by 0.54% from 4076 to 4054 yuan/ton [8].

Report Information - Report Title: Nanhua Futures Corn & Starch Industry Daily Report [1] - Report Date: October 28, 2025 [1] - Analyst: Dai Hongxu (Investment Consulting License No.: Z0021819) [1] - Research Assistant: Kang Quangui (Qualification Certificate No.: F03148699) [1] Core Viewpoints - The corn market is under price pressure due to the ample supply of new grain. The harvest is nearing completion, and the selling pressure remains high, keeping prices under downward pressure. However, the supportive effect of policy purchases is emerging. The Northeast production area has stabilized, while the North China production area is in the recovery phase after weather disruptions, with short - term supply increasing and prices weak. The decreasing supply of high - quality grain will support future prices [2]. - On Monday, the corn futures market declined across the board, with a near - term weak and long - term strong contract structure. The spot market pressure has pushed prices into a short - term correction phase, and prices are likely in a bottom - grinding stage. The starch futures market followed the corn market down. Supported by stable corn prices in the Northeast, the starch spot price remained stable, with moderate trading and high inventory limiting price increases [2]. - On Monday, CBOT corn futures rose by over 1%, as progress in Sino - US economic and trade negotiations boosted export expectations, pushing the futures price to a phased high [2]. 利多 and 利空 Factors Bullish Factors - The number of state reserve purchase points is gradually increasing, clearly aiming to support prices and limit price drops [2]. - The shortage of high - quality corn in North China will become more apparent over time, supporting the expectation of stronger long - term prices [2]. Bearish Factors - The pig industry is in the process of capacity regulation, which may affect long - term corn feed demand. However, the high inventory in the fourth quarter and the current entry of second - fattening pigs support the feed demand at a relatively good level [2]. - Price rebounds have led to increased selling pressure, and the market focus has returned to supply pressure, pushing prices into a short - term correction phase [2]. Price and Basis Data Corn and Starch Spot Prices and Main - Contract Basis | Location | Corn Price (Yuan/Ton) | Price Change (Yuan/Ton) | Location | Corn Starch Price (Yuan/Ton) | Price Change (Yuan/Ton) | | --- | --- | --- | --- | --- | --- | | Jinzhou Port | 2150 | - 10 | Shandong | 2760 | 0 | | Shekou Port | 2290 | - 10 | Jilin | 2550 | 0 | | Harbin | 2010 | 0 | Heilongjiang | 2460 | 0 | | Jinzhou Port Main - Contract Basis | 38 | 11 | Shandong Main - Contract Basis | 335 | 16 | [3] Corn and Starch Futures Prices | Contract | October 24, 2025 | October 27, 2025 | Price Change | Percentage Change | | --- | --- | --- | --- | --- | | Corn 11 | 2110 | 2098 | - 12 | - 0.57% | | Corn 01 | 2133 | 2112 | - 21 | - 0.98% | | Corn 03 | 2161 | 2140 | - 21 | - 0.97% | | Corn 05 | 2237 | 2217 | - 20 | - 0.89% | | Corn 07 | 2258 | 2240 | - 18 | - 0.80% | | Corn 09 | 2250 | 2250 | 0 | 0.00% | | Corn Starch 11 | 2423 | 2431 | 8 | 0.33% | | Corn Starch 01 | 2441 | 2425 | - 16 | - 0.66% | | Corn Starch 03 | 2462 | 2442 | - 20 | - 0.81% | | Corn Starch 05 | 2558 | 2545 | - 13 | - 0.51% | | Corn Starch 07 | 2574 | 2559 | - 15 | - 0.58% | | Corn Starch 09 | 2619 | 2598 | - 21 | - 0.80% | | Wheat Average Price | 2499 | 2499 | 0 | 0.00% | [3][5] US Corn Price and Import Profit | Item | Price | Daily Change | Percentage Change | Import Profit (Yuan/Ton) | | --- | --- | --- | --- | --- | | CBOT Corn Main - Contract | 428 | 4 | 0.94% | | | COBT Soybean Main - Contract | 1083.5 | 23 | 2.17% | | | CBOT Wheat Main - Contract | 526 | 13 | 2.53% | | | US Gulf Port CIF Price | 2128.05 | - 6.81 | - 0.32% | 171.95 | | US West Coast Port CIF Price | 2005.89 | 24.07 | 1.21% | 294.11 | [28]