从股价来看，2025年9月30日至2025年10月10日，瑞达期货区间跌幅为2.32%，在此期间股东户数增加 35.0户，增幅为0.18%。 根据统计，瑞达期货2025年9月30日至2025年10月10日，主力资金净流出1009.15万元，游资资金净流入 1928.9万元，散户资金净流出919.76万元。 证券之星消息，近日瑞达期货披露，截至2025年10月10日公司股东户数为2.0万户，较9月30日增加35.0 户，增幅为0.18%。户均持股数量由上期的2.23万股减少至2.22万股，户均持股市值为46.78万元。 | 统计截止日 | 区间股价涨跌幅 | 股东户数 | 増減 | 增减比例 | 户均持股市值(元) | 户均持股数(股) | | --- | --- | --- | --- | --- | --- | --- | | 2025-10-10 | -2.32% | 20026 | 35 | 0.18% | 46.78万 | 2.22万 | | 2025-09-30 | 4.41% | 16661 | -237 | -1.17% | 47.97万 | 2.23万 | | 2025-09-19 | -1. ...

| 项目类别 | 数据指标 最新 | 最新 | 环比 项目 | | 环比 | | --- | --- | --- | --- | --- | --- | | 期货盘面 | T主力收盘价 | 108.170 | 0.11% T主力成交量 | 125811 | 39884↑ | | | TF主力收盘价 | 105.775 | 0.1% TF主力成交量 | 73462 | 13182↑ | | | TS主力收盘价 | 102.384 | 0.02% TS主力成交量 | 32167 | 509↑ | | | TL主力收盘价 | 114.760 | 0.34% TL主力成交量 | 155935 | 31191↑ | | 期货价差 | TL2512-2603价差 | 0.35 | +0.02↑ T12-TL12价差 | -6.59 | -0.22↓ | | | T2512-2603价差 | 0.31 | -0.01↓ TF12-T12价差 | -2.40 | -0.02↓ | | | TF2512-2603价差 | 0.11 | -0.01↓ TS12-T12价差 | -5.79 | -0.09↓ | | | TS251 ...

1. Report Industry Investment Rating - No information provided 2. Core Views of the Report - On October 14, the JM2601 contract of coking coal closed at 1,153.5, up 0.74%. The spot price of Tangshan Mongolian No. 5 coking coal was reported at 1,422, equivalent to 1,202 on the futures market. The 4th Plenary Session of the 20th CPC Central Committee will be held from October 20 to 23 in Beijing. During the National Day, some regional coal mines carried out maintenance, leading to a slight decline in production and an increase in mine - end inventory. The cumulative growth rate of imports has been declining for three consecutive months, while inventory has been rising for three consecutive weeks with a seasonal upward trend. Technically, the daily K - line is below the 20 - day and 60 - day moving averages. It should be treated as a volatile operation [2]. - On October 14, the J2601 contract of coke closed at 1,653.5, up 0.74%. The price increase of coke was implemented on October 1. The World Steel Association released a new steel short - term demand forecast report on October 13, predicting a 1.3% mild rebound in global steel demand in 2026. In terms of fundamentals, on the demand side, the current hot metal output is 2.4181 million tons, a decrease of 5,500 tons, with hot metal remaining in a high - level oscillation. The total coke inventory is higher than the same period. In terms of profit, the average profit per ton of coke for 30 independent coking plants is 9 yuan/ton. Technically, the daily K - line is below the 20 - day and 60 - day moving averages. It should be treated as a volatile operation [2]. 3. Summary by Relevant Catalogs 3.1 Futures Market - JM main contract closing price: 1,153.50 yuan/ton, up 7.50 yuan; J main contract closing price: 1,654.50 yuan/ton, up 12.00 yuan [2]. - JM futures contract holding volume: 826,618.00 lots, up 25,658.00 lots; J futures contract holding volume: 50,460.00 lots, up 487.00 lots [2]. - Net holding volume of the top 20 JM contracts: - 92,926.00 lots, down 4,051.00 lots; net holding volume of the top 20 J contracts: - 4,449.00 lots, down 264.00 lots [2]. - JM 5 - 1 month contract spread: 80.50 yuan/ton, down 16.00 yuan; J 5 - 1 month contract spread: 142.00 yuan/ton, down 10.00 yuan [2]. - Coking coal warehouse receipts: 200.00 sheets, unchanged; coke warehouse receipts: 2,190.00 sheets, unchanged [2]. 3.2 Spot Market - Ganqimao Mongolian No. 5 raw coal: 1,030.00 yuan/ton, up 2.00 yuan; Tangshan Grade - 1 metallurgical coke: 1,720.00 yuan/ton, unchanged [2]. - Russian prime coking coal forward spot (CFR): 151.00 US dollars/wet ton, down 0.50 US dollars; Rizhao Port quasi - Grade - 1 metallurgical coke: 1,520.00 yuan/ton, unchanged [2]. - Jingtang Port Australian imported prime coking coal: 1,490.00 yuan/ton, unchanged; Tianjin Port Grade - 1 metallurgical coke: 1,620.00 yuan/ton, unchanged [2]. - Jingtang Port Shanxi - produced prime coking coal: 1,630.00 yuan/ton, unchanged; Tianjin Port quasi - Grade - 1 metallurgical coke: 1,520.00 yuan/ton, unchanged [2]. - Shanxi Jinzhong Lingshi medium - sulfur prime coking coal: 1,450.00 yuan/ton, down 20.00 yuan; J main contract basis: 65.50 yuan/ton, down 12.00 yuan [2]. - Inner Mongolia Wuhai - produced coking coal ex - factory price: 1,180.00 yuan/ton, unchanged; JM main contract basis: 296.50 yuan/ton, down 27.50 yuan [2]. 3.3 Upstream Situation - The refined coal output of 314 independent coal washing plants: 25.70 million tons per day, down 1.10 million tons; the refined coal inventory of 314 independent coal washing plants: 280.20 million tons per week, down 22.60 million tons [2]. - The capacity utilization rate of 314 independent coal washing plants: 0.35%, down 0.02%; raw coal output: 39,049.70 million tons per month, up 951.00 million tons [2]. - Coal and lignite imports: 4,600.30 million tons per month, up 326.30 million tons; the daily average output of raw coal from 523 coking coal mines: 183.90 million tons, down 10.30 million tons [2]. - The inventory of imported coking coal at 16 ports: 507.47 million tons per week, up 5.00 million tons; the inventory of coke at 18 ports: 252.59 million tons per week, down 4.00 million tons [2]. 3.4 Industry Situation - The total inventory of coking coal in all - sample independent coking enterprises: 959.06 million tons per week, down 78.65 million tons; the total inventory of coke in all - sample independent coking enterprises: 63.84 million tons per week, up 1.53 million tons [2]. - The coking coal inventory of 247 steel mills nationwide: 781.13 million tons per week, down 6.93 million tons; the coke inventory of 247 sample steel mills: 650.82 million tons per week, down 12.58 million tons [2]. - The available days of coking coal in all - sample independent coking enterprises: 12.66 days per week, down 0.07 days; the available days of coke in 247 sample steel mills: 11.42 days per week, down 0.18 days [2]. - Coking coal imports: 1,016.22 million tons per month, up 55.50 million tons; coke and semi - coke exports: 55.00 million tons per month, down 34.00 million tons [2]. - Coking coal production: 3,696.86 million tons per month, down 392.52 million tons; the capacity utilization rate of independent coking enterprises: 75.18%, up 0.05% [2]. - Coke production: 4,259.70 million tons per month, up 74.20 million tons; the average profit per ton of coke for 30 independent coking plants: 9 yuan/ton [2]. 3.5 Downstream Situation - The blast furnace operating rate of 247 steel mills nationwide: 84.25%, down 0.02%; the blast furnace iron - making capacity utilization rate of 247 steel mills: 90.53%, down 0.10% [2]. - Crude steel production: 7,736.86 million tons per month, down 228.96 million tons [2]. 3.6 Industry News - From January to September, China exported 87.955 million tons of steel, a year - on - year increase of 9.2%, with 10.465 million tons exported in September [2]. - The World Steel Association predicted that global steel demand will remain flat in 2025 at about 1.75 billion tons and will have a 1.3% mild rebound in 2026 to 1.772 billion tons [2]. - From January to September, the State Grid completed fixed - asset investment of over 420 billion yuan, a year - on - year increase of 8.1%, and the annual investment is expected to exceed 650 billion yuan for the first time [2]. - The Minister of Housing and Urban - Rural Development proposed to develop new - quality productivity, accelerate the R & D and industrialization of new building materials, develop intelligent construction, and establish three systems for housing inspection, housing safety management funds, and housing insurance [2]. - Four mediating countries signed the "Comprehensive Document of the Gaza Cease - fire Agreement" [2].

| 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 沪锌主力合约收盘价(日,元/吨) | 22220 | -35 10-11月合约价差:沪锌(日,元/吨) | -20 | 30 | | | LME三个月锌报价(日,美元/吨) | 3012 | 27.5 沪锌总持仓量(日,手) | 210056 | -2545 | | | 沪锌前20名净持仓(日,手) | 7712 | 1874 沪锌仓单(日,吨) | 58494 | -1120 | | | 上期所库存(周,吨) | 106950 | 8940 LME库存(日,吨) | 37475 | -475 | | 现货市场 | 上海有色网0#锌现货价(日,元/吨) | 22210 | 10 长江有色市场1#锌现货价(日,元/吨) | 22150 | 110 | | | ZN主力合约基差(日,元/吨) | -10 | 45 LME锌升贴水(0-3)(日,美元/吨) | 201.6 | 101.15 | | | 昆明50%锌精矿到厂价(日,元/吨) | ...

证券日报网讯瑞达期货10月14日在互动平台回答投资者提问时表示，截至股权登记日2025年10月10日， 公司股东总户数（未合并融资融券信用账户）为20026户。 （文章来源：证券日报） ...

玉米系产业日报 2025-10-13 | 项目类别 | 数据指标 | 最新 | 环比 | 数据指标 | 最新 | 环比 | -33 玉米淀粉期货收盘价(活跃合约):(日,元/ | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 期货收盘价(活跃合约):(日,元/吨) | 2092 | 2401 | -31 | | | | | | | | | 吨) | 玉米月间价差(1-5):(日,元/吨) | -7 玉米淀粉月间价差(11-1):(日,元/吨) | -86 | -1 | -3 | 期货持仓量(活跃合约):黄玉米(日,手) | -39308 期货持仓量(活跃合约):玉米淀粉(日,手) | 552055 | 128727 | -6016 | | 期货市场 | -8137 期货前20名持仓:净买单量:玉米淀粉(日, | 期货前20名持仓:净买单量:玉米(日,手) | -38911 | -36940 | 959 | | | | | | | 手) | 注册仓单量:黄玉米(日,手) | 14009 注册仓单量:玉米淀粉 ...

数据来源第三方，观点仅供参考。市场有风险，投资需谨慎！ 备注：T为10年期国债期货，TF为5年期国债期货，TS为2年期国债期货 | 项目类别 | 数据指标 最新 | 最新 | 环比 项目 | | 环比 | | --- | --- | --- | --- | --- | --- | | 期货盘面 | T主力收盘价 | 108.065 | 0.1% T主力成交量 | 85927 | 17628↑ | | | TF主力收盘价 | 105.685 | 0.03% TF主力成交量 | 60280 | 9441↑ | | | TS主力收盘价 | 102.370 | 0.02% TS主力成交量 | 31658 | 1102↑ | | | TL主力收盘价 | 114.440 | 0.37% TL主力成交量 | 124744 | 16507↑ | | 期货价差 | TL2512-2603价差 | 0.33 | +0.00↑ T12-TL12价差 | -6.38 | -0.39↓ | | | T2512-2603价差 | 0.31 | +0.02↑ TF12-T12价差 | -2.38 | -0.05↓ | | | TF2512 ...

Group 1: Report Investment Rating - No information provided Group 2: Core Views - The rapeseed meal is expected to maintain a weak and volatile trend, while the rapeseed oil is expected to continue the destocking mode, and their future trends depend on Sino - Canadian and Sino - US trade policies [2] Group 3: Summary by Directory 1. Futures Market - Futures closing prices: Rapeseed oil was 10,022 yuan/ton (down 39 yuan), rapeseed meal was 2,392 yuan/ton (up 1 yuan), ICE rapeseed was 623.4 CAD/ton (down 8.3 CAD), and domestic rapeseed was 5,397 yuan/ton (up 129 yuan) [2] - Month - to - month spreads: Rapeseed oil (1 - 5) was 438 yuan/ton (down 21 yuan), and rapeseed meal (1 - 5) was 77 yuan/ton (up 14 yuan) [2] - Main contract positions: Rapeseed oil was 303,612 lots (down 10,376 lots), and rapeseed meal was 363,923 lots (down 7,785 lots) [2] - Top 20 net long positions: Rapeseed oil was 15,516 lots (down 438 lots), and rapeseed meal was - 68,882 lots (down 5,622 lots) [2] - Warehouse receipts: Rapeseed oil was 8,147 sheets (up 90 sheets), and rapeseed meal was 9,089 sheets (down 110 sheets) [2] 2. Spot Market - Spot prices: Rapeseed oil in Jiangsu was 10,150 yuan/ton (down 180 yuan), rapeseed meal in Nantong was 2,460 yuan/ton (unchanged), rapeseed in Yancheng, Jiangsu was 5,700 yuan/ton (unchanged) [2] - Average prices: Rapeseed oil was 10,243.75 yuan/ton (down 180 yuan), and the import cost of rapeseed was 7,439.98 yuan/ton (up 20.67 yuan) [2] - Basis: Rapeseed oil main contract basis was 128 yuan/ton, and rapeseed meal main contract basis was 68 yuan/ton [2] - Substitute prices: Fourth - grade soybean oil in Nanjing was 8,540 yuan/ton (down 60 yuan), 24 - degree palm oil in Guangdong was 9,260 yuan/ton (down 200 yuan), and soybean meal in Zhangjiagang was 2,930 yuan/ton (down 30 yuan) [2] - Price differences: Rapeseed - soybean oil was 1,610 yuan/ton (down 120 yuan), rapeseed - palm oil was 890 yuan/ton (up 20 yuan), and soybean - rapeseed meal was 470 yuan/ton (down 30 yuan) [2] 3. Upstream Situation - Global rapeseed production forecast was 90.96 million tons (up 1.38 million tons), and the annual forecast for rapeseed production was 12,378 thousand tons (unchanged) [2] - Rapeseed imports were 24.66 million tons (up 7.06 million tons), and the import rapeseed disc crushing profit was 972 yuan/ton (up 29 yuan) [2] - Total rapeseed inventory in oil mills was 5 million tons (unchanged), and the weekly operating rate of imported rapeseed was 3.73% (down 1.6%) [2] 4. Industry Situation - Imports: Rapeseed oil and mustard oil were 14 million tons (up 1 million tons), and rapeseed meal was 18.31 million tons (down 8.72 million tons) [2] - Inventories: Coastal rapeseed oil was 6 million tons (down 1.67 million tons), coastal rapeseed meal was 1.15 million tons (down 1.53 million tons), East China rapeseed oil was 50.9 million tons (unchanged), East China rapeseed meal was 28.59 million tons (down 0.34 million tons), Guangxi rapeseed oil was 2.8 million tons (down 0.75 million tons), and South China rapeseed meal was 21.1 million tons (down 0.3 million tons) [2] - Weekly pick - up volumes: Rapeseed oil was 3.18 million tons (up 1.63 million tons), and rapeseed meal was 2.41 million tons (down 0.38 million tons) [2] 5. Downstream Situation - Feed production was 2,927.2 million tons (up 99.9 million tons), and edible vegetable oil production was 450.6 million tons (up 30 million tons) [2] - Social consumer goods retail sales of catering revenue was 449.57 billion yuan (down 8.4 billion yuan) [2] 6. Options Market - Implied volatility of at - the - money call options: Rapeseed meal was 19.62% (down 1.16%), and rapeseed oil was 13.43% (down 1.04%) [2] - Implied volatility of at - the - money put options: Rapeseed meal was 19.62% (down 1.16%), and rapeseed oil was 13.45% (down 1.02%) [2] - Historical volatility (20 - day): Rapeseed meal was 23.55% (up 0.73%), and rapeseed oil was 17.23% (up 1.7%) [2] - Historical volatility (60 - day): Rapeseed meal was 24.81% (up 0.31%), and rapeseed oil was 14.85% (up 0.52%) [2] 7. Industry News - ICE Canadian rapeseed futures closed down, with the benchmark contract down 1.4%, following the external market [2] - US Midwest soybean harvest was advancing, and the expected high - yield of US soybeans continued to restrain prices. US soybean exports faced pressure as China had not ordered current - year US soybeans [2] - Canadian rapeseed production was estimated at 20 million tons, the highest since 2018, and the harvest was underway, putting pressure on prices [2] - Indonesia's B50 biodiesel policy advanced, benefiting the palm oil market, but Malaysia's palm oil inventory increased by 7.2% to 2.36 million tons at the end of September [2] 8. Rapeseed Meal View Summary - Supply - side pressure was small due to restricted imports, but demand was weakening as aquaculture demand declined with the temperature drop, and soybean meal substitution was strong [2] - The market was cautious due to the lack of US government data, and the rapeseed meal was expected to maintain a weak and volatile trend [2] 9. Rapeseed Oil View Summary - The initial ruling on anti - dumping of Canadian rapeseed was expected to tighten imports in the fourth quarter, and rapeseed oil would continue to destock, supporting prices [2] - However, soybean oil supply was abundant, and rapeseed oil demand was mainly for essential use. Affected by the weakening of external oils, rapeseed oil closed down in a volatile manner [2] 10. Key Points to Watch - The weekly rapeseed operating rate and rapeseed oil and meal inventories from Myagric, and the trends of Sino - Canadian and Sino - US trade relations [2]

棉花(纱)产业日报 2025-10-13 。操作上，暂且观望为主。 研究员: 王翠冰 期货从业资格号F03139616 期货投资咨询从业证书号Z0021556 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为 瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 郑棉主力合约收盘价(日,元/吨) | 13300 | -25 棉纱主力合约收盘价(日,元/吨) | 19360 | -15 | | | 棉花期货前20名净持仓(手) | -67175 | -16138 棉纱期货前20名净持仓(手) | -346 | -140 | | | ...

| 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | | 沪铝主力合约收盘价(日,元/吨) | 20,885.00 | -95.00↓ 氧化铝期货主力合约收盘价(日,元/吨) | 2,820.00 | -36.00↓ | | | 主力-连二合约价差:沪铝(日,元/吨) 主力合约持仓量:沪铝(日,手) | -25.00 170,895.00 | -10.00↓ 主力-连二合约价差:氧化铝(日,元/吨) -23403.00↓ 主力合约持仓量:氧化铝(日,手) | -2.00 351,910.00 | +29.00↑ +15457.00↑ | | | LME铝注销仓单(日,吨) | 103,125.00 | 0.00 库存:氧化铝:合计(周,万吨) | 206,586.00 | +18363.00↑ | | 期货市场 | LME电解铝三个月报价（日，美元/吨） | 2,746.00 | -36.50↓ LME铝库存（日，吨） | 508,825.00 | +225.00↑ | | | 沪铝前20名净持仓（日， ...