宁证期货期现日报-20250514

Report Summary 1. Report Industry Investment Rating No information provided in the content. 2. Report's Core View The report presents the daily data of various futures and spot products, including closing prices, price changes, trading volumes, open interests, basis, spreads, and other related indicators, providing a comprehensive view of the market conditions on May 14, 2025. 3. Summary According to Related Catalogs Steel and Related Products - Futures Prices: All steel - related futures showed price increases, with iron ore having the highest increase rate (2.43% for iron ore main contract 2509) [5]. - Spot Prices: The spot prices of most products also rose, except for coke and coking coal which remained unchanged [6]. - Basis: The basis of most products decreased, indicating the narrowing gap between futures and spot prices [6]. - Spreads and Ratios: Some spreads and ratios changed, such as the narrowing of the 05 - 10 spreads for most products and the decrease in the steel mill's profit on the disk [7]. Energy and Chemical Products - Futures Prices: All energy and chemical futures prices increased, with methanol having the highest increase rate (3.68% for methanol main contract 2509) [11][16]. - Spot Prices: The spot prices of most products rose, except for rubber which slightly decreased [12]. - Basis: The basis of different products showed different trends, with PTA's basis increasing significantly [12]. - Spreads and Ratios: The spreads between main and far - month contracts of some products changed, and the PXN ratio increased [13]. Financial Futures - Futures Prices: Stock index futures prices increased, while bond futures prices decreased [21]. - Basis: The basis of stock index futures and precious metals futures increased, except for silver which had a large increase in basis from a negative value [22]. - Spreads and Ratios: The spreads between different - term bond futures and the ratio of gold to silver index changed [23]. Agricultural Products - Futures Prices: Most agricultural product futures prices increased, with palm oil having the highest increase rate (2.17% for palm oil main contract) [26]. - Spot Prices: The spot prices of different products had different trends [28]. - Basis: The basis of most products decreased, except for eggs which increased [28]. - Spreads and Ratios: The ratios such as pig - grain ratio and oil - meal ratio changed slightly [29]. Non - ferrous Metals - Basis: The basis of non - ferrous metals showed different trends, with some decreasing and some increasing slightly [31]. - Ratios: The ratios between different non - ferrous metals changed slightly [32].