Nanhua Futures(SH:603093) Nan Hua Qi Huo·2025-08-14 10:18Report Information - Report Name: Nanhua Commodity Index Daily Report [2] - Date: August 14, 2025 [2] - Author: Nanhua Index Group, including Cao Yanghui, Zhao Bo, and Wang Yilin [2] Investment Rating - No investment rating information is provided in the report. Core View - According to the closing prices of adjacent trading days, the Nanhua Composite Index declined by -0.81% today. Among the sector indices, only the Nanhua Precious Metals Index rose by 0.02%, while the rest of the sectors declined. The sector with the largest decline was the Nanhua Black Index, down -1.56%, and the sector with the smallest decline was the Nanhua Non-Ferrous Metals Index, down -0.63%. All theme indices declined, with the Black Raw Materials Index having the largest decline of -1.99% and the Economic Crops Index having the smallest decline of -0.04%. Among the single-variety indices of commodity futures, the caustic soda index had the largest increase of 1.26%, and the rapeseed meal index had the largest decline of -3.05% [1][3][4]. Index Performance Summary Composite and Sector Indices - Nanhua Composite Index (NHCI): Closed at 2534.95, down -0.81% from the previous close of 2555.72, with an annualized return of 0.35% and an annualized volatility of 13.73% [3]. - Nanhua Precious Metals Index (NHPMI): Closed at 1261.11, up 0.02% from 1260.91, with an annualized return of 29.51% and an annualized volatility of 16.60% [3]. - Nanhua Industrial Products Index (NHII): Closed at 3650.38, down -0.89% from 3683.10, with an annualized return of -6.10% and an annualized volatility of 16.15% [3]. - Nanhua Metal Index (NHMI): Closed at 6464.57, down -1.02% from 6531.47, with an annualized return of 1.60% and an annualized volatility of 14.94% [3]. - Nanhua Energy and Chemical Index (NHECI): Closed at 1681.16, down -0.70% from 1693.04, with an annualized return of -12.75% and an annualized volatility of 18.40% [3]. - Nanhua Non-Ferrous Metals Index (NHNF): Closed at 1713.87, down -0.63% from 1724.76, with an annualized return of 5.63% and an annualized volatility of 13.41% [3]. - Nanhua Black Index (NHFI): Closed at 2582.71, down -1.56% from 2623.70, with an annualized return of -8.58% and an annualized volatility of 21.92% [3]. - Nanhua Agricultural Products Index (NHAI): Closed at 1113.19, down -0.86% from 1122.89, with an annualized return of 5.55% and an annualized volatility of 9.53% [3]. - Nanhua Mini Composite Index (NHCIMi): Closed at 1191.43, down -0.91% from 1202.38, with an annualized return of 3.23% and an annualized volatility of 14.63% [3]. - Nanhua Energy Index (NHEI): Closed at 1058.07, down -1.05% from 1069.32, with an annualized return of 2.54% and an annualized volatility of 29.87% [3]. - Nanhua Petrochemical Index (NHPCI): Closed at 945.19, down -0.85% from 953.29, with an annualized return of 0.75% and an annualized volatility of 15.28% [3]. - Nanhua Coal Chemical Index (NHCCI): Closed at 1036.33, down -1.00% from 1046.83, with an annualized return of 1.17% and an annualized volatility of 17.17% [3]. - Nanhua Black Raw Materials Index (NHFM): Closed at 1067.01, down -1.99% from 1088.67, with an annualized return of 7.32% and an annualized volatility of 23.31% [3]. - Nanhua Building Materials Index (NHBMI): Closed at 763.35, down -0.72% from 768.87, with an annualized return of 3.25% and an annualized volatility of 23.12% [3]. - Nanhua Oilseeds and Oils Index (NHOOI): Closed at 1287.05, down -1.18% from 1302.40, with an annualized return of 3.74% and an annualized volatility of 10.27% [3]. - Nanhua Economic Crops Index (NHAECI): Closed at 910.15, down -0.04% from 910.49, with an annualized return of 1.89% and an annualized volatility of 5.65% [3]. Theme Indices - All theme indices declined, with the Black Raw Materials Index having the largest decline of -1.99% and the Economic Crops Index having the smallest decline of -0.04% [4] Single-Variety Indices - The caustic soda index had the largest increase of 1.26%, and the rapeseed meal index had the largest decline of -3.05% [1][4] Contribution to Index Movements - For the Nanhua Composite Index, positive contributors included soda ash (4.15%), while negative contributors included zinc (-1.52%), aluminum (-1.80%), and PVC (-1.98%) [8] - For the Nanhua Mini Composite Index, positive contributors included soda ash (7.44%), while negative contributors included zinc (-32.55%), aluminum (-1.80%), and PVC (-1.98%) [8] - For the Nanhua Industrial Products Index, positive contributors included soda ash (4.69%), while negative contributors included iron ore (-1.68%), crude oil (-1.61%), and zinc (-1.67%) [8] - For the Nanhua Metal Index, positive contributors included caustic soda (2.54%), while negative contributors included tin (-6.52%), aluminum (-3.51%), and zinc (-3.51%) [8] - For the Nanhua Energy and Chemical Index, positive contributors included soda ash (7.47%), while negative contributors included crude oil (-16.62%), iron ore (-19.37%), and PVC (-9.11%) [8] - For the Nanhua Agricultural Products Index, positive contributors included cotton (1.45%), while negative contributors included rapeseed meal (-17.58%), palm oil (-22.79%), and soybean meal (-14.26%) [8] Other Information - The calculation of price changes is (today's closing price - yesterday's closing price) / yesterday's closing price, and the contribution is the product of price change and weight [11] - The Nanhua Commodity Index excludes the price difference when changing commodity contracts, reflecting the real return of investing in commodity futures [11] - The contribution calculation method used is: a variety's daily price change / ∑|all varieties' daily price changes|, with yellow data bars indicating a daily increase and blue data bars indicating a daily decrease [11]