Report Industry Investment Rating - Not provided Core Viewpoints - The current price is mainly influenced by supply - side interference news, with over - speculation. The inventory depletion speed continues to slow, and there is a divergence between the futures and spot markets. The short - term increase is too large, and there is a need to be vigilant against the risk of a pullback [3] Summary by Related Catalogs Market Analysis - On January 6, 2026, the main lithium carbonate contract 2605 opened at 132,600 yuan/ton and closed at 137,940 yuan/ton. The closing price increased by 8.99% compared to the previous day's settlement price. The trading volume was 304,237 lots, and the open interest was 534,999 lots (the previous day's open interest was 515,292 lots). The current basis was - 9,600 yuan/ton. The number of lithium carbonate warehouse receipts was 23,141 lots, a change of 2,860 lots from the previous trading day [1] Spot Market - According to SMM data, the price of battery - grade lithium carbonate was 120,000 - 135,000 yuan/ton, an increase of 8,000 yuan/ton from the previous trading day. The price of industrial - grade lithium carbonate was 118,500 - 130,000 yuan/ton, an increase of 7,250 yuan/ton. The price of 6% lithium concentrate was 1,680 US dollars/ton, an increase of 113 US dollars/ton [2] Policy Impact - On December 30, the National Development and Reform Commission and the Ministry of Finance jointly issued a document clarifying the subsidy policy for automobile trade - ins in 2026, which significantly improved the expectation of the decline in new - energy vehicle demand in the first quarter. On January 4, the State Council issued the "Solid Waste Comprehensive Management Action Plan", which affected small and medium - sized mines in lithium mica production areas such as Yichun, Jiangxi, and strengthened the market's expectation of supply tightening [2] Inventory and Production - The total spot inventory was 109,605 tons, a decrease of 168 tons month - on - month. Among them, the smelter inventory was 17,667 tons, a decrease of 184 tons; the downstream inventory was 38,998 tons, a decrease of 894 tons; other inventories were 52,940 tons, an increase of 910 tons. The inventory depletion speed continued to slow, and the weekly output reached 22,000 tons, a month - on - month increase of 1.2% [2] Strategy Suggestion - Unilateral: Short - term range trading. Pay attention to the inflection points of consumption and inventory, and sell on rallies for hedging when the opportunity arises. Options, inter - delivery spread, cross - variety, and spot - futures strategies are not provided [3][4]

Report Industry Investment Rating - Gold: Cautiously bullish [8] - Silver: Cautiously bullish [8] - Arbitrage: Short the gold-silver ratio on rallies [8] - Options: Hold off [9] Core Viewpoints - Geopolitical tensions are intensifying, which may increase the demand for gold investment and lead to a slightly stronger and volatile gold price in the near term [1][8] - Silver prices are relatively stronger than gold due to geopolitical risks and ongoing physical shortages, and the gold-silver ratio is expected to continue to narrow [8] Summary by Relevant Catalogs Market Analysis - The Trump administration is discussing various options to acquire Greenland, including purchase, free association, and military means, and this issue is considered a national security priority by the White House [1] Futures Quotes and Trading Volumes - On January 6, 2026, the Shanghai gold main contract opened at 994.02 yuan/gram, closed at 1004.98 yuan/gram, up 1.00% from the previous trading day, with a trading volume of 41,087 lots and an open interest of 129,725 lots. Overnight, it closed at 1008.74 yuan/gram, up 0.37% from the afternoon close [2] - On the same day, the Shanghai silver main contract opened at 18,126.00 yuan/kilogram, closed at 19,452.00 yuan/kilogram, up 6.60% from the previous day, with a trading volume of 1,929,943 lots and an open interest of 277,149 lots. Overnight, it closed at 19,820 yuan/kilogram, up 1.89% from the afternoon close [2] U.S. Treasury Yield and Spread Monitoring - On January 6, 2026, the U.S. 10-year Treasury yield closed at 4.169%, unchanged from the previous trading day. The spread between the 10-year and 2-year yields was 0.714%, also unchanged [3] SHFE Gold and Silver Position and Trading Volume Changes - On January 6, 2026, in the Au2602 contract, the long position decreased by 1,662 lots and the short position decreased by 2,686 lots compared to the previous day. The total trading volume of Shanghai gold contracts increased by 61.30% to 308,118 lots [4] - In the Ag2604 contract, the long position increased by 19,204 lots and the short position increased by 21,768 lots. The total trading volume of silver contracts increased by 168.34% to 2,896,340 lots [4] Precious Metals ETF Position Tracking - The gold ETF position remained unchanged at 1,065.13 tons, while the silver ETF position decreased by 90 tons to 16,354 tons compared to the previous day [5] Precious Metals Arbitrage Tracking - On January 6, 2026, the domestic gold premium was -5.23 yuan/gram, and the domestic silver premium was -1,012.04 yuan/kilogram. The ratio of the main gold and silver contracts on the SHFE was approximately 51.66, down 5.25% from the previous day, while the overseas gold-silver ratio was 59.10, up 2.03% [6] Fundamental Analysis - On January 6, 2026, the trading volume of gold on the Shanghai Gold Exchange T+D market was 44,252 kilograms, up 0.55% from the previous day. The silver trading volume was 876,640 kilograms, up 33.34% [7] - The gold delivery volume was 11,872 kilograms, and the silver delivery volume was 6,000 kilograms [7] Strategy - Gold is expected to trade in a range of 990 - 1015 yuan/gram, and the overall trend is expected to be slightly stronger and volatile [8] - Silver is expected to trade in a range of 19,000 - 20,500 yuan/kilogram. The gold-silver ratio is expected to continue to narrow [8] - The strategy for arbitrage is to short the gold-silver ratio on rallies [8]

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core View of the Report The nickel and stainless steel markets showed strong performance on January 6, 2026. Although the fundamentals still indicate high inventory and oversupply, with frequent favorable policies from Indonesia and the metals being in a long - term bottom - shock period, they are likely to attract the attention of profit - seeking funds from the precious metals and non - ferrous sectors, and are expected to remain strong [1][3]. 3. Summary by Related Catalogs Nickel Variety - **Market Analysis** - **Futures**: On January 6, 2026, the main contract of Shanghai nickel opened at 134,100 yuan/ton and closed at 139,800 yuan/ton, up 4.13% from the previous trading day. The trading volume was 738,334 (+371,441) lots, and the open interest was 131,481 (-3,248) lots. The overnight LME nickel rose 3.16% to $17,290/ton. The supply contraction expectation was the core driving force for price increase, and the strengthening of the outer market and the overall recovery of the non - ferrous sector provided a good external environment [1]. - **Nickel Ore**: The overall nickel ore resources in the market are limited, and the price remains stable. The Benguet mine in the Philippines is tendering for 1.25 nickel ore, and the mine maintains a bullish attitude. In January 2026 (Phase I), the domestic trade benchmark price in Indonesia increased by $0.05 - 0.08/wet ton, and the current mainstream premium is +25, with the premium range mostly between +25 - 26 [1]. - **Spot**: The sales price of Jinchuan Group in the Shanghai market was 147,700 yuan/ton, up 5,500 yuan/ton from the previous trading day. The spot trading was average, and the spot premiums of refined nickel brands were mostly stable. The premium of Jinchuan nickel changed by 1,350 yuan/ton to 8,750 yuan/ton, the premium of imported nickel changed by 200 yuan/ton to 600 yuan/ton, and the premium of nickel beans was 2,450 yuan/ton. The previous trading day's Shanghai nickel warehouse receipt volume was 39,388 (+964) tons, and the LME nickel inventory was 255,546 (+192) tons [2]. - **Strategy** - The fundamentals still show high inventory and oversupply, but with frequent favorable policies from Indonesia and the metal being in a long - term bottom - shock period, it is expected to remain strong. - Unilateral: Mainly use range - bound operations; no suggestions for inter - delivery, inter - variety, spot - futures, and options [3]. Stainless Steel Variety - **Market Analysis** - **Futures**: On January 6, 2026, the main contract of stainless steel opened at 12,720 yuan/ton and closed at 13,395 yuan/ton. The trading volume was 137,101 (+51,971) lots, and the open interest was 63,161 (-4,171) lots. Driven by the strong performance of Shanghai nickel, it broke through the upper limit of the previous shock range, showing a cost - driven upward trend. Although the increase was less than that of Shanghai nickel, the trend was stable, with good volume - price coordination and improved technical patterns [3]. - **Spot**: The continuous strengthening of the futures market boosted market confidence, resulting in good market transactions and higher spot quotes. The stainless steel price in the Wuxi market was 13,300 (+50) yuan/ton, and in the Foshan market was 13,300 (+50) yuan/ton. The premium of 304/2B was 50 - 250 yuan/ton. The ex - factory tax - included average price of high - nickel pig iron changed by 7.50 yuan/nickel point to 935.0 yuan/nickel point [4]. - **Strategy** - In the short term, stainless steel is expected to continue the shock - upward trend, and investors can consider adding positions on dips. In the medium - to - long term, beware of the risk of a high - level correction. Pay attention to the news from the ore end and the downstream inventory situation. - Unilateral: Neutral; no suggestions for inter - delivery, inter - variety, spot - futures, and options [5].

中观事件总览 生产行业：1）2026年1月6日，全球消费电子展（CES）在拉斯维加斯举行。英伟达推出Alpamayo开源人工智能， 用于安全且基于推理的自动驾驶汽车。英伟达在CES 2026上宣布了Alpamayo系列开源人工智能模型、仿真工具和 数据集，以加速基于推理的自动驾驶汽车（AV）的开发。 服务行业：1）中国人民银行工作会议1月5日-6日召开。会议强调，中国人民银行要继续实施适度宽松的货币政策， 发挥增量政策和存量政策集成效应，加大逆周期和跨周期调节力度，提升金融服务实体经济高质量发展质效，深 化金融改革和更高水平对外开放，增强宏观政策前瞻性针对性协同性，着力扩大内需、优化供给，防范化解风险、 稳定社会预期，为经济稳定增长、高质量发展和金融市场稳定运行营造良好的货币金融环境。 数据来源：iFind，华泰期货研究院 行业总览 上游：1）能源：液化天然气价格回落。2）化工：PTA、尿素价格回落。3）有色：铜、铝、镍、锌价格大幅回升。 宏观日报 | 2026-01-07 上游价格分化 2026年期货市场研究报告 第1页 请仔细阅读本报告最后一页的免责声明 | 图1：煤炭: 日均耗煤量: 六大发电集团 | ...

Report Summary 1. Investment Rating - No specific industry investment rating is provided in the report. 2. Core View - The situation in Venezuela is developing as previously predicted, with the trapped Venezuelan oil gradually being absorbed by the US. US Gulf refineries, currently processing 150,000 barrels per day of Venezuelan oil, can increase their consumption capacity to 500,000 barrels per day. This implies that Venezuelan oil will displace other compliant oils like Canadian heavy oil. Trump's actions are aimed at controlling resources, changing their flow, and obtaining oil rights, rather than cutting off supply [2]. 3. Summary by Related Catalogs Market News and Important Data - On March 1, the London Brent crude oil futures price for delivery rose by $1.01 to $61.76 per barrel, a 1.66% increase. The SC crude oil main contract fell by 0.28% to 426 yuan per barrel [1]. - On January 7, Chevron booked a small number of vessels to head to Venezuela. After the capture of Venezuelan President Maduro by the US military, it became the sole exporter of Venezuelan oil. At least 11 tankers chartered by the US oil giant are scheduled to arrive at Venezuelan ports this month, up from 9 in December and the highest since October [1]. - On January 6, Canadian Prime Minister Carney downplayed concerns that increased Venezuelan oil production might impact the Canadian energy industry. He stated that Canadian crude oil remains competitive due to political and institutional stability, lower production costs, and progress in reducing carbon emissions [1]. - On January 6, after the unexpected arrest of Venezuelan President Maduro, US oil stocks continued to rise. Chevron, the only US oil company operating in Venezuela, rose 0.7% in pre - market trading after a sharp increase on Monday. Other oil giants such as ExxonMobil and ConocoPhillips also rose in pre - market trading [1]. - The Trump administration has asked Venezuelan interim leader Rodriguez to take a series of pro - US actions, including combating drug smuggling, expelling personnel from countries hostile to Washington, and stopping oil sales to US adversaries [1]. - US President Trump stated on social media that the Venezuelan interim administration will transfer 30 million to 50 million barrels of high - quality, sanctioned oil to the US, which will be sold at market prices, and the proceeds will be used for the benefit of the Venezuelan and American people [1]. Investment Logic - The situation in Venezuela is developing as expected, with US refineries having the capacity to increase the consumption of Venezuelan oil, which will displace other compliant oils [2]. Strategy - Oil prices are expected to be volatile and weak in the short term, and a short - position allocation is recommended in the medium term [3]. Risk - Downside risks include the achievement of a Russia - Ukraine peace negotiation and macro black - swan events. Upside risks include supply tightening of sanctioned oil (from Russia, Iran, and Venezuela) and large - scale supply disruptions due to Middle East conflicts [3].

农产品日报 | 2026-01-07 油厂开机上升，豆粕延续震荡 市场要闻与重要数据 期货方面，昨日收盘豆粕2605合约2776元/吨，较前日变动+22元/吨，幅度+0.80%；菜粕2605合约2390元/吨，较前 日变动+29元/吨，幅度+1.23%。现货方面，天津地区豆粕现货价格3110元/吨，较前日变动+20元/吨，现货基差 M05+334，较前日变动-2；江苏地区豆粕现货3070元/吨，较前日变动+20元/吨，现货基差M05+294，较前日变动-2； 广东地区豆粕现货价格3110元/吨，较前日变动跌+40元/吨，现货基差M05+334，较前日变动+18。福建地区菜粕现 货价格2600元/吨，较前日变动+20元/吨，现货基差RM05+210，较前日变动-9。 近期市场资讯，1月5日，美国农业部公布的周度出口检验报告显示，截至2026年1月1日当周，美国大豆出口检验 量为98万吨，此前市场预估为75-115万吨，前一周修正后为77.3万吨，初值为75万吨。12月25日止当周，美国当前 市场年度大豆出口销售净增117.77万吨，较之前一周增加19%，较前四周均值减少20%。市场预估为净增70-180万 吨。 ...

1. Report Industry Investment Rating No relevant content provided. 2. Report's Core View - The market sentiment has improved, and steel prices are fluctuating. Building materials are in a state of low production, consumption, and inventory, with limited price volatility. After New Year's Day, the winter storage market for building materials will begin, and the game between reality and expectations will intensify. Plates are still restricted by high inventory, and the short - term inventory pressure is difficult to resolve [1]. - The market sentiment for iron ore has improved, and prices are slightly fluctuating. The supply - demand contradiction is intensifying, and the overall inventory has increased significantly. The price is at a high - level range in the short term but may face a downward risk once the negotiation is settled [3]. - The molten iron output has slightly increased, and coking coal and coke prices are fluctuating widely. After New Year's Day, the demand for coke is expected to improve, while the supply of coking coal is relatively loose, and the price may be weak in the short term [5][6]. - The pit - mouth coal price is adjusting, and the supply in the production area is recovering. The daily consumption of thermal coal is still not good, and the coal price is oscillating. In the long - term, the supply is in a loose pattern [7]. 3. Summary by Related Catalogs Steel Market Analysis - Futures and spot: The steel futures market showed a trend of first falling and then rising. The national building material prices increased by 10 - 20 yuan, and the national building material trading volume was 96,623 tons [1]. - Supply and demand logic: Building materials have no obvious supply - demand contradictions, maintaining low production, consumption, and inventory. After New Year's Day, the winter storage market will start. Plates are restricted by high inventory, and the short - term inventory pressure is difficult to resolve [1]. Strategy - Unilateral: Fluctuating; Cross - period: None; Cross - variety: None; Futures - spot: None; Options: None [2] Iron Ore Market Analysis - Futures and spot: The iron ore futures price fluctuated upward, and the trading volume increased significantly. The prices of mainstream imported iron ore varieties at Shandong ports rose slightly, with low trading volume and low procurement intention from steel mills [3]. - Supply and demand logic: The supply - demand contradiction is intensifying, and the overall inventory has increased significantly. The market gives a high valuation to the iron ore price, but it may face a downward risk once the negotiation is settled. In the short term, the actual inventory pressure is limited, and the price will maintain a high - level range [3]. Strategy - Unilateral: Fluctuating; Cross - period: None; Cross - variety: None; Futures - spot: None; Options: None [4] Coking Coal and Coke Market Analysis - Futures and spot: The main futures contracts of coking coal and coke fluctuated. The coke market continued to be weak and stable, and the inventory pressure of upstream coke has been alleviated. The coking coal auction prices mostly continued to decline, and the price of imported Mongolian coking coal decreased [5]. - Supply and demand logic: After New Year's Day, the demand for coke is expected to improve. The supply of coking coal is relatively loose, and the price may be weak in the short term. After the winter storage, the price may be further adjusted [6]. Strategy - Coking coal: Fluctuating; Coke: Fluctuating; Cross - period: None; Cross - variety: None; Futures - spot: None; Options: None [6] Thermal Coal Market Analysis - Futures and spot: In the production area, coal mines are resuming production, and the pit - mouth coal price is adjusting. The downstream demand is mainly for rigid needs, and the trading volume at ports is light. The import coal market is rising steadily [7]. - Supply and demand logic: The daily consumption of thermal coal is still not good. After New Year's Day, the supply in the production area is gradually recovering, and the coal price is oscillating. In the long - term, the supply is in a loose pattern [7].

Report Industry Investment Ratings No relevant information provided. Core Views - The market sentiment has improved, and steel prices are oscillating. Glass and soda ash are showing an oscillatory upward trend due to stable downstream consumption. Silicon ferroalloys (silicon manganese and silicon iron) are also experiencing price fluctuations influenced by various factors such as electricity costs, supply - demand relationships, and steel procurement [1][3]. Summaries by Related Catalogs Glass and Soda Ash - **Market Analysis**: The glass futures market oscillated upward yesterday, while the spot market's transaction center shifted downward, with downstream buyers purchasing on - demand. The soda ash futures market also oscillated upward, but downstream buyers showed strong wait - and - see sentiment and made purchases based on rigid demand [1]. - **Supply - Demand and Logic**: For glass, the supply - demand contradiction is still significant. Although some production lines are gradually cold - repairing, the production reduction is insufficient compared to the decline in rigid demand. There is a large inventory pressure, and there is a possibility of significant inventory accumulation during the Spring Festival. The market has expectations for the post - Spring Festival peak season. For soda ash, the supply - demand contradiction is relatively limited. Supply has decreased, and demand has weakened, leading to a month - on - month increase in inventory. With new soda ash projects planned for commissioning and the possibility of increased cold - repair of float glass production lines, it is necessary to control the production profit of soda ash enterprises [1]. - **Strategy**: Glass is expected to oscillate, and soda ash is also expected to oscillate. There are no cross - period or cross - variety strategies [2]. Silicon Manganese and Silicon Iron - **Market Analysis**: The manganese silicon futures market rose slightly yesterday, with the overall sentiment improving. The market is oscillating, and market participants are waiting for the new round of steel procurement. The 6517 manganese silicon is priced at 5570 - 5670 yuan/ton in the northern market and 5650 - 5700 yuan/ton in the southern market. The silicon iron futures market rose significantly due to the implementation of differential electricity prices in Shaanxi. Traders are actively purchasing during the January steel procurement, and the overall sales are good. The 72 - grade silicon iron natural lump is priced at 5250 - 5350 yuan/ton, and the 75 - grade silicon iron is priced at 5600 - 5700 yuan/ton [3]. - **Supply - Demand and Logic**: The fundamentals of manganese silicon are not good, with production still higher than demand and a significant increase in inventory. Although the resumption of steel mills after New Year's Day will help repair the rigid demand for manganese silicon, the high inventory pressure restricts price increases. The low inventory of manganese ore at ports provides price support. For silicon iron, the supply - demand contradiction has been significantly alleviated. Enterprises have actively reduced production, leading to a significant decrease in factory inventory. After the resumption of steel mills, the rigid demand for silicon iron is expected to improve. The planned implementation of differential electricity prices in Shaanxi will increase the production cost of silicon iron enterprises, and the futures market is in a loss state [3]. - **Strategy**: Manganese silicon is expected to oscillate, and silicon iron is expected to oscillate with an upward bias [4].

Industry Overview Upstream - Energy: The price of liquefied natural gas has declined [2] - Agriculture: The price of pork has slightly rebounded [2] - Non-ferrous metals: The prices of aluminum, nickel, copper, and zinc have significantly rebounded [2] Midstream - Chemical industry: The PX operating rate reached a seasonal high yesterday, while other chemical products were at a low level [2] - Energy: The coal consumption of power plants was at a seasonal low [2] Downstream - Real estate: The sales of commercial housing in first- and second-tier cities continued to recover [2] - Services: The number of domestic flights increased [2] Key Industry Price Indicators Agriculture - Spot price of corn: 2,248.6 yuan/ton, -0.06% year-on-year [34] - Spot price of eggs: 6.4 yuan/kg, 0.63% year-on-year [34] - Spot price of palm oil: 8,480.0 yuan/ton, -0.98% year-on-year [34] - Spot price of cotton: 15,602.8 yuan/ton, 0.35% year-on-year [34] - Average wholesale price of pork: 18.0 yuan/kg, 2.10% year-on-year [34] Non-ferrous Metals - Spot price of copper: 100,653.3 yuan/ton, 6.06% year-on-year [34] - Spot price of zinc: 23,952.0 yuan/ton, 3.87% year-on-year [34] - Spot price of aluminum: 23,323.3 yuan/ton, 5.98% year-on-year [34] - Spot price of nickel: 139,250.0 yuan/ton, 6.66% year-on-year [34] - Spot price of aluminum: 17,343.8 yuan/ton, 0.40% year-on-year [34] - Spot price of rebar: 3,228.0 yuan/ton, -0.09% year-on-year [34] Ferrous Metals - Spot price of iron ore: 817.1 yuan/ton, 1.02% year-on-year [34] - Spot price of wire rod: 3,492.5 yuan/ton, 0.72% year-on-year [34] - Spot price of glass: 12.8 yuan/square meter, -0.23% year-on-year [34] Non-metals - Spot price of natural rubber: 15,575.0 yuan/ton, 1.08% year-on-year [34] - China Plastic City Price Index: 752.7, 0.30% year-on-year [34] Energy - Spot price of WTI crude oil: 57.3 US dollars/barrel, 1.02% year-on-year [34] - Spot price of Brent crude oil: 60.8 US dollars/barrel, 0.25% year-on-year [34] - Spot price of liquefied natural gas: 3,238.0 yuan/ton, -2.18% year-on-year [34] - Coal price: 795.0 yuan/ton, -0.75% year-on-year [34] Chemical Industry - Spot price of PTA: 5,079.1 yuan/ton, 0.45% year-on-year [34] - Spot price of polyethylene : 6,410.0 yuan/ton, 0.52% year-on-year [34] - Spot price of urea: 1,725.0 yuan/ton, -1.85% year-on-year [34] - Spot price of soda ash: 1,208.6 yuan/ton, -1.40% year-on-year [34] - National cement price index: 135.3, -0.57% year-on-year [34] Real Estate - Building materials composite index: 115.3 points, -0.09% year-on-year [34] - National concrete price index: 90.4 points, 0.00% year-on-year [34] Other Information Production Industry - On the afternoon of January 5th, Chinese President Xi Jinping held talks with South Korean President Lee Jae-myung in the Great Hall of the People in Beijing. The two sides emphasized strengthening cooperation in emerging fields such as artificial intelligence, green industries, and the silver economy [1] Service Industry - The application for the child-raising subsidy in 2026 has been fully open since January 5th. As of 12:00 on the 5th, the child-raising subsidy information management system was operating smoothly. The biggest change in the online application for the 2026 child-raising subsidy is the addition of a renewal function. As of now, all 31 provinces (autonomous regions and municipalities) in China have issued the 2025 child-raising subsidy, with a cumulative number of over 24 million people, and the issuance rate in 2025 reached about 80% [1]

Report Industry Investment Rating - Not provided in the content Core Viewpoints - The report presents the trading data of various stock index options on January 5, 2026, including trading volume, PCR, and VIX, to reflect the market situation of stock index options [1][2][3] Summary by Directory 1. Option Trading Volume - On January 5, 2026, the trading volumes of various options were as follows: Shanghai - Shenzhen 300ETF option (Shanghai) was 78.90 million contracts; CSI 500ETF option (Shanghai) was 105.32 million contracts; Shenzhen 100ETF option was 3.50 million contracts; ChiNext ETF option was 169.50 million contracts; SSE 50 stock index option was 5.11 million contracts; Shanghai - Shenzhen 300 stock index option was 10.32 million contracts; and CSI 1000 option was 31.41 million contracts [1] - The detailed breakdown of call, put, and total trading volumes of each option is shown in Table 1 [19] 2. Option PCR - The PCR data of various options and their changes are presented. For example, the turnover PCR of SSE 50ETF option was 0.58, with a month - on - month change of - 0.23; the position PCR was 1.10, with a month - on - month change of + 0.18. Similar data for other options are also provided [2][34] 3. Option VIX - The VIX data of various options and their changes are given. For instance, the VIX of SSE 50ETF option was 14.79%, with a month - on - month change of + 0.35%. The data for other options are also included [3][49]