1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report 2.1 Rapeseed Oil - This week, rapeseed oil futures first declined and then rose. The closing price of the 05 contract was 9,347 yuan/ton, a decrease of 60 yuan/ton from the previous week. The Canadian rapeseed production increase and export decline restrain the market price, but the change in German regulations boosts rapeseed oil biodiesel consumption. The increase in Malaysian palm oil inventory and weak exports drag down palm oil prices. In China, the supply of imported rapeseed is structurally tightened, and rapeseed oil will continue to be in a destocking mode. Customs inspections on non - GMO rapeseed oil imports support its price. However, the arrival of Australian rapeseed and abundant soybean oil supply limit rapeseed oil demand. The short - term trend is expected to be volatile [8]. 2.2 Rapeseed Meal - This week, rapeseed meal futures fluctuated narrowly and closed lower. The closing price of the 05 contract was 2,347 yuan/ton, a decrease of 30 yuan/ton from the previous week. The ample supply of US soybeans during the export season and competition from Brazilian soybeans, along with the uncertainty of China's soybean purchases, cause US soybean prices to decline. In China, the import of Canadian rapeseed and rapeseed meal is restricted, but the arrival of Australian rapeseed, weakening aquaculture demand due to lower temperatures, and the substitution advantage of soybean meal lead to a situation of weak supply and demand. The market is affected by the decline in US soybean prices, and attention should be paid to China's soybean purchase situation [10]. 3. Summary According to the Directory 3.1 Weekly Highlights Summary 3.1.1 Rapeseed Oil - **Market Review**: The 05 contract of rapeseed oil futures closed at 9,347 yuan/ton, down 60 yuan/ton from the previous week [8]. - **Market Outlook**: Canadian rapeseed production increased by 13.3% to 21.8 million tons. German policy changes boost biodiesel consumption. Malaysian palm oil inventory increased by 13.04% to 2.84 million tons. In China, supply is tightened, and customs inspections support prices, but the arrival of Australian rapeseed and abundant soybean oil limit demand. Short - term trend is volatile [8]. 3.1.2 Rapeseed Meal - **Market Review**: The 05 contract of rapeseed meal futures closed at 2,347 yuan/ton, down 30 yuan/ton from the previous week [10]. - **Market Outlook**: Ample US soybean supply, competition from Brazilian soybeans, and uncertainty of China's purchases affect prices. In China, supply is restricted, but demand is weak due to the arrival of Australian rapeseed, lower temperatures, and soybean meal substitution. The market is affected by US soybean price decline [10]. 3.2 Futures and Spot Market 3.2.1 Futures Market - **Rapeseed Oil**: This week, rapeseed oil futures fluctuated and closed lower. The total open interest was 171,027 lots, an increase of 40,771 lots from last week. The net short position of the top 20 futures holders decreased slightly to - 2,529 from - 6,768 last week. The registered warehouse receipts were 3,476 lots [15][21][25]. - **Rapeseed Meal**: This week, rapeseed meal futures fluctuated narrowly and closed lower. The total open interest was 581,668 lots, an increase of 86,710 lots from last week. The net short position of the top 20 futures holders increased significantly to - 70,504 from - 56,560 last week. The registered warehouse receipts were 0 lots [15][21][26]. 3.2.2 Spot Market - **Rapeseed Oil**: The spot price in Jiangsu was 9,890 yuan/ton, with little change from last week. The basis between the active contract futures price and the Jiangsu spot price was + 543 yuan/ton [35]. - **Rapeseed Meal**: The spot price in Nantong, Jiangsu was 2,410 yuan/ton, a slight increase from last week. The basis between the Jiangsu spot price and the active contract futures price was + 63 yuan/ton [41]. 3.2.3 Other Market Indicators - **Futures Month - to - Month Spread**: The 5 - 9 spread of rapeseed oil was + 79 yuan/ton, at a medium level in recent years. The 5 - 9 spread of rapeseed meal was - 52 yuan/ton, also at a medium level in recent years [47]. - **Futures - to - Spot Ratio**: The ratio of the 05 contract of rapeseed oil to rapeseed meal was 3.982; the average spot price ratio was 4.10 [50]. - **Price Spread between Oils and Meals**: The 05 contract spread between rapeseed oil and soybean oil was 1,353 yuan/ton, with narrow fluctuations this week. The 05 contract spread between rapeseed oil and palm oil was 795 yuan/ton, with a narrow and expanding spread this week. The 05 contract spread between soybean meal and rapeseed meal was 423 yuan/ton, and the spot spread was 650 yuan/ton as of Thursday [59][65]. 3.3 Industry Situation 3.3.1 Rapeseed - **Supply**: As of the end of the 49th week of 2025, the domestic imported rapeseed inventory was 65,000 tons. The estimated arrival volumes in December, January, and February 2025 were 150,000 tons, 450,000 tons, and 420,000 tons respectively. The import volume in October 2025 was 0 tons. The spot crushing profit was + 1,278 yuan/ton as of December 11. The coastal oil mill crushing volume was 0.0 tons in the 49th week of 2025, with an operating rate of 0.0% [71][75][79][83]. 3.3.2 Rapeseed Oil - **Supply**: As of the end of the 49th week of 2025, the domestic imported and crushed rapeseed oil inventory was 406,000 tons, a decrease of 19,000 tons from last week, a 4.47% month - on - month decline. The import volume in October 2025 was 140,700 tons, a 10.11% year - on - year decrease and a 1.59 - ton month - on - month decrease [87]. - **Demand**: As of October 31, 2025, the monthly output of edible vegetable oil was 427,600 tons, and the monthly catering revenue was 519.9 billion yuan. As of the end of the 49th week of 2025, the contract volume of imported and crushed rapeseed oil was 50,000 tons, an increase of 1,000 tons from last week, a 0.81% month - on - month increase [91][95]. 3.3.3 Rapeseed Meal - **Supply**: As of the end of the 49th week of 2025, the domestic imported and crushed rapeseed meal inventory was 0.0 tons, unchanged from last week. The import volume in October 2025 was 220,600 tons, a 27.99% year - on - year decrease and a 63,000 - ton month - on - month increase [99][103]. - **Demand**: As of October 31, 2025, the monthly output of feed was 2,957,000 tons [107]. 3.4 Option Market Analysis - As of December 12, this week, rapeseed meal fluctuated and closed lower. The implied volatility of the corresponding options was 17.2%, a decrease of 0.08% from 17.28% last week, at a medium level compared to the 20 - day, 40 - day, and 60 - day historical volatility of the underlying asset [111].

瑞达期货研究院 「2025.12.12」 鸡蛋市场周报 市场情绪仍然悲观 鸡蛋近月再度下探 研究员：许方莉 期货从业资格号F3073708 期货投资咨询从业证书号 Z0017638 联系电话：0595-86778969 关 注 我 们 获 取 更 多 资 讯 业 务 咨 询 添 加 客 服 目录 1、周度要点小结 2、期现市场 3、产业情况 「 周度要点小结」 总结及策略建议 3 来源：瑞达期货研究院 Ø 鸡蛋： Ø 行情回顾：本周鸡蛋震荡收跌，2603合约收盘价为3024元/500千克，较前一周-56元/500千克。 Ø 行情展望：养殖端持续亏损使得补栏积极性下滑且老鸡淘汰量有所增加，蛋鸡存栏小幅回落，市 场氛围略有好转。且现货价格持续偏低，养殖端仍处于亏损状态，市场补栏积极性欠佳，利好远 期价格。不过，当前蛋鸡在产存栏仍然处于高位，老鸡尚未出现超淘，高产能仍然牵制近月市场 价格表现。总体而言，市场博弈于弱现实与强预期之间。短期近月合约或处于宽幅震荡状态,可轻 仓试多远月。 「 期现市场情况」 期价走势及前二十名持仓 图1、大商所鸡蛋主力合约期货价格走势 来源：大商所 wind 来源：大商所 瑞达期货研究院 ...

证券之星消息，12月12日多元金融板块较上一交易日上涨0.63%，瑞达期货领涨。当日上证指数报收于 3889.35，上涨0.41%。深证成指报收于13258.33，上涨0.84%。多元金融板块个股涨跌见下表： 从资金流向上来看，当日多元金融板块主力资金净流出5785.78万元，游资资金净流出1.07亿元，散户资 金净流入1.64亿元。多元金融板块个股资金流向见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 ...

Report Industry Investment Rating No relevant information provided. Core Viewpoints of the Report - The MA2605 contract is expected to fluctuate in the range of 2070 - 2170 in the short term [7]. - This week, the port methanol market oscillated within a range, while the inland methanol price declined weakly. The low - priced port supplies continuously flowed into and significantly impacted the inland market [8]. - Recently, the output loss of domestic methanol due to maintenance and production cuts is less than the output increase from restored production, resulting in an overall increase in production. The total inventory of domestic methanol producers may accumulate in the short term, and the port inventory has significantly decreased. The MTO industry's operating rate is expected to decline [8]. Summary by Relevant Catalogs 1. Week - to - Week Summary - Strategy suggestion: The MA2605 contract is expected to fluctuate between 2070 and 2170 in the short term [7]. - Market review: The port methanol market oscillated within a range this week, with Jiangsu prices between 2060 - 2120 yuan/ton and Guangdong prices between 2040 - 2100 yuan/ton. The inland price declined weakly, with Ordos' northern line prices between 1980 - 2007 yuan/ton and Dongying's receiving prices between 2200 - 2223 yuan/ton. Low - priced port supplies impacted the inland market [8]. - Market outlook: Domestic methanol production increased. The total inventory of producers may accumulate in the short term, and the port inventory decreased significantly. The MTO industry's operating rate is expected to decline [8]. 2. Futures and Spot Markets Futures Market - Price trend: The price of the main Zhengzhou methanol futures contract oscillated and closed down this week, with a weekly decline of 3.32% [12]. - Inter - delivery spread: As of December 12, the MA 1 - 5 spread was - 32 [14]. - Position analysis: As of December 12, there were 8623 Zhengzhou methanol warehouse receipts, an increase of 1047 from last week [22]. Spot Market - Domestic prices: As of December 11, the mainstream price in East China's Taicang area was 2107.5 yuan/ton, an increase of 17.5 yuan/ton from last week. The mainstream price in Northwest China's Inner Mongolia area was 1972.5 yuan/ton, a decrease of 35 yuan/ton from last week. The price difference between East and Northwest China was 135 yuan/ton, an increase of 52.5 yuan/ton from last week [27]. - Foreign prices: As of December 11, the CFR price at China's main ports was 246 US dollars/ton, an increase of 1 US dollar/ton from last week. The price difference between Southeast Asia and China's main ports was 71 US dollars/ton, a decrease of 1 US dollar/ton from last week [32]. - Basis: As of December 11, the Zhengzhou methanol basis was 33.5 yuan/ton, an increase of 20.5 yuan/ton from last week [36]. 3. Industry Chain Analysis Upstream - Coal and gas prices: As of December 10, the market price of Qinhuangdao 5500 - calorie thermal coal was 705 yuan/ton, the same as last week. As of December 11, the closing price of NYMEX natural gas was 4.23 US dollars/million British thermal units, a decrease of 1.1 US dollars/million British thermal units from last week [39]. Industry - Production and operating rate: As of December 11, China's methanol production was 2039705 tons, an increase of 16240 tons from last week. The plant capacity utilization rate was 89.81%, a month - on - month increase of 0.81% [42]. - Inventory: As of December 10, the inventory of sample methanol producers in China was 35.28 tons, a decrease of 0.87 tons from the previous period, a month - on - month decrease of 2.40%. The pending orders of sample enterprises were 20.75 tons, a decrease of 3.22 tons from the previous period, a month - on - month decrease of 13.45%. The total port inventory was 123.44 tons, a decrease of 11.5 tons from the previous data [47]. - Imports and profits: In October 2025, China's methanol imports were 161.26 tons, a month - on - month increase of 13.01%. From January to October 2025, the cumulative imports were 1127.93 tons, a year - on - year decrease of 0.10%. As of December 11, the methanol import profit was - 15.5 yuan/ton, a decrease of 23.37 yuan/ton from last week [50]. Downstream - Operating rate: As of December 11, the capacity utilization rate of domestic methanol - to - olefins plants was 90.20%, a month - on - month decrease of 1.68%. The MTO industry's operating rate declined due to plant maintenance [53]. - Profits: As of December 12, the domestic methanol - to - olefins on - paper profit was - 833 yuan/ton, a decrease of 89 yuan/ton from last week [56]. 4. Options Market Analysis No relevant information provided.

瑞达期货研究院 「 2025.12.12」 「 期货市场情况」 尿素市场周报 研究员：林静宜 期货从业资格号F03139610 期货投资咨询证书号Z0021558 关 注 我 们 获 取 更 多 资 讯 业务咨询 添加客服 目录 1、周度要点小结 2、期现市场 3、产业链分析 「 周度要点小结」 3 行情回顾：本周国内尿素市场窄幅波动，截止本周四山东中小颗粒主流出厂至1660-1700元/吨， 均价环比持平。尿素市场窄幅松动，尿素工厂暂时有订单支撑，上下游暂时僵持为主。尿素市场 交投气氛走低，成交重心小幅下移。 行情展望：部分前期检修装置恢复，带动国内尿素产量小幅增加，下周预计2家企业装置计划停车， 1家停车企业装置可能恢复生产，考虑到企业的短时故障，产量变动幅度预计有限。进入12月份之 后储备需求有所放缓，但短期仍有补仓需求。复合肥工业对尿素需求较为坚挺，企业继续排产冬 储肥，复合肥产能利用率预计稳中有升。目前尿素分批进行港口发运，部分企业发运进行收尾阶 段。工业复合肥对尿素的刚需推进、储备需求的适当补仓，以及部分企业出口订单的兑现，助推 本周尿素工厂库存继续下降。短期工业复合肥开工较高，持续需求推进，部分 ...

证券日报网讯 12月12日，瑞达期货（002961）在互动平台回答投资者提问时表示，为保证所有投资者 平等获悉公司信息，公司会在定期报告中披露对应期末时点的股东人数信息。 ...

Group 1 - The domestic PTA futures market is experiencing a downward trend, with the main contract closing at 4614.00 yuan/ton, reflecting a slight decrease of 1.03% [1] - As of early December, domestic PTA operating load remains at 73.7%, with concerns over low processing profits, declining terminal demand, and inventory accumulation expectations affecting future operational stability [2] - Polyester production load is at 91.2%, with maintenance and repairs affecting some polyester filament and short fiber facilities, while new polyester capacity is set to increase to 89.84 million tons starting December 1, 2025 [2] Group 2 - Current PTA factory inventory stands at 3.92 days, an increase of 0.14 days from the previous week and 0.2 days higher than the same period last year; polyester factory PTA raw material inventory is at 7.5 days, up 0.7 days week-on-week but down 0.5 days year-on-year [2] - The market outlook indicates strong support for PTA at low valuations, but ongoing inventory accumulation expectations and unhealed processing fees are likely to dominate the market, with trends following PX prices [2]

（文章来源：证券日报） 证券日报网讯 12月11日晚间，瑞达期货发布公告称，公司及下属子公司不存在其他对外提供担保的情 况，也不存在逾期担保情形。 ...

| 证券代码：002961 | 证券简称：瑞达期货 | 公告编号：2025-080 | | --- | --- | --- | | 债券代码：128116 | 债券简称：瑞达转债 | | 证券代码：002961 证券简称：瑞达期货 公告编号：2025-080 瑞达期货股份有限公司 关于全资子公司为全资子公司向银行申请综合授信额度 提供担保的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 二、担保进展情况 根据实际经营需要，公司全资子公司瑞达新控资本管理有限公司（以下简称 "瑞达新控"）向上海浦东发展银行股份有限公司厦门分行（以下简称"浦发银 行厦门分行"）申请人民币 8,000 万元的授信额度，期限一年。公司全资子公司 厦门瑞达置业有限公司（以下简称"瑞达置业"）为瑞达新控向浦发银行厦门分 行申请授信额度提供连带责任保证担保。 近日，公司收到瑞达置业与浦发银行厦门分行签订的《最高额保证合同》， 本次担保金额及担保方式在公司董事会审议通过的担保事项范围内。 三、被担保人基本情况 1、公司名称：瑞达新控资本管理有限公司 2、注册地址：福建省晋江市崇德路 ...

螺纹钢产业链日报 2025/12/11 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | RB主力合约收盘价(元/吨) | 3,069.00 | -48↓ RB主力合约持仓量(手) | 1602075 | +87857↑ | | | RB合约前20名净持仓(手) | -20066 | -33005↓ RB1-5合约价差(元/吨) | 16 | +18↑ | | | RB上期所仓单日报(日，吨) | 62879 | 0.00 HC2605-RB2605合约价差(元/吨) | 169 | +4↑ | | 现货市场 | 杭州 HRB400E 20MM(理计，元/吨) | 3,290.00 | -20↓ 杭州 HRB400E 20MM(过磅，元/吨) | 3,374 | -21↓ | | | 广州 HRB400E 20MM(理计，元/吨) | 3,510.00 | 0.00 天津 HRB400E 20MM(理计，元/吨) | 3,160.00 | -20↓ | | | RB 主力合约基差 (元 ...