广发期货《金融》日报-20250606

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the reports. 2. Report Core Views The reports present a comprehensive overview of various financial and commodity markets, including stock index futures, bond futures, precious metals, and container shipping. They detail the latest prices, price changes, and historical percentiles of different contracts and assets, as well as provide relevant economic indicators and data on supply - demand fundamentals. 3. Summary by Related Catalogs Stock Index Futures Spread Report - IF, IH, IC, IM Futures: The latest values of IF, IH, IC, and IM futures' spot - futures spreads are - 25.56, - 18.13, - 46.37, and - 65.41 respectively, with corresponding changes of 0.79, - 0.90, 3.84, and 3.76 compared to the previous day. Their historical 1 - year percentiles are 23.70%, 16.30%, 21.70%, and 80.00% respectively [1]. - Cross - term Spreads: For cross - term spreads, values and changes vary across different contract months and varieties. For example, the "next month - current month" spread of F futures is - 38.80 with a change of 0.40, and its historical 1 - year percentile is 3.60% [1]. - Cross - variety Ratios: Ratios such as "CSI 500/CSI 300", "CSI 500/SSE 50", and "CSI 300/SSE 50" are presented, with their latest values being 1.4880, 2.1433, and 1.4403 respectively, and changes of 0.0046, 0.0105, and 0.0026 [1]. Bond Futures Spread Report - Bond Basis: The basis values of TS, TF, T, and TL bonds on June 5, 2025, are - 0.0808, - 0.0400, - 0.0300, and 0.6059 respectively, with changes of - 0.0022, - 0.0165, 0.0280, and 0.0708 compared to the previous day. Their historical percentiles since listing are 39.10%, 48.10%, 56.00%, and 25.40% respectively [3]. - Cross - term Spreads: Cross - term spreads of different bond futures also show different values and changes. For example, the "current quarter - next quarter" spread of TS futures is - 0.1440 with a change of 0.0040, and its historical percentile is 6.30% [3]. - Cross - variety Spreads: Cross - variety spreads like "TS - TF", "TS - T", and "TF - T" are reported, with values of - 3.6000, - 6.2900, and - 2.6900 respectively on June 5, 2025, and changes of 0.0390, 0.0790, and 0.0400 [3]. Precious Metals Spot - Futures Report - Futures and Spot Prices: On June 4, the closing prices of AU2508 and AG2508 contracts are 783.72 yuan/gram and 8473 yuan/kg respectively, with increases of 1.30 and 10 compared to the previous day, and increases of 0.17% and 0.12% respectively. COMEX gold and silver futures show different price trends, with COMEX gold down by 0.63% and COMEX silver up by 3.29% on June 5 compared to the previous day [7]. - Basis and Ratios: The basis values of "gold TD - SHFE gold main contract" and "silver TD - SHFE silver main contract" are - 2.73 and - 17 respectively, with historical 1 - year percentiles of 27.70% and 63.80%. Ratios such as "COMEX gold/aluminum" and "SHFE gold/silver" also have corresponding values and changes [7]. - Inventory and Holdings: Inventory and holdings data of precious metals show various trends. For example, the inventory of SHFE gold increased by 3.48% to 17847 kg, while the inventory of COMEX gold decreased by 0.14% to 38299834 [7]. Container Shipping Report - Shipping Indexes: The settlement price indexes of SCFIS (European route) and SCFIS (US West route) are 1252.82 and 1718.11 respectively, with changes of 0.46% and - 0.10%. The SCFI composite index increased by 30.68% to 2072.71 [11]. - Futures Prices and Basis: Futures prices of EC contracts show declines, with the main contract EC2508 down by 2.40% to 2146.3. The basis of the main contract is - 718.3 with a change of - 0.69% [11]. - Fundamental Data: Fundamental data on shipping include stable global container shipping capacity supply, a decline in Shanghai port's on - time rate and the number of port calls, and changes in overseas economic indicators such as the eurozone manufacturing PMI index and the EU consumer confidence index [11]. Data and Information Report - Overseas Data: Overseas data includes macro - economic indicators such as the eurozone's Q1 GDP annual rate, the US non - farm payrolls, and agricultural product reports like the FAO report and the CFTC持仓 report [14]. - Domestic Data: Domestic data covers economic indicators of black and non - ferrous metals (e.g., silicon iron production and inventory), energy and chemical products (e.g., PX and polyester product data), and special commodities (e.g., glass production - sales ratio) [14].