广发期货《金融》日报-20250828

1. Report Industry Investment Rating No information about the industry investment rating is provided in the reports. 2. Core Views The reports present a comprehensive analysis of various futures markets, including stock index futures, treasury bond futures, precious metal futures, and container shipping futures. They provide detailed data on price spreads, basis, and related economic indicators, which can help investors understand the market trends and potential investment opportunities in these sectors. 3. Summary by Category Stock Index Futures - Price Spreads: The reports detail the price spreads of different stock index futures, such as IF, IH, IC, and IM. For example, the IC/IF ratio is 1.5597, with a 0.0051 increase from the previous day, at the 98.70% percentile over its full - history [1]. - Quantile Analysis: Historical 1 - year and full - history quantiles are provided for price spreads, offering insights into the relative position of current spreads [1]. Treasury Bond Futures - IRR and Basis: The IRR and basis of different treasury bond futures (TS, TF, T, TL) are presented. For instance, the TS basis on August 27, 2025, is 1.4347, with a - 0.0177 change from the previous day, at the 18.00% percentile since listing [2]. - Inter - period and Cross - variety Spreads: Information on inter - period spreads (e.g., current quarter - next quarter) and cross - variety spreads (e.g., TS - TF) is given, along with their historical percentiles [2]. Precious Metal Futures - Prices and Spreads: Domestic and foreign futures prices, spot prices, and basis of gold and silver are reported. For example, the AU2510 contract closed at 781.16 yuan/gram on August 27, with a 0.04 increase from the previous day [4]. - Ratio and Inventory: The COMEX gold/silver ratio and inventory data of precious metals are included, such as the COMEX gold inventory remaining unchanged at 38578730 ounces [4]. Container Shipping Futures - Spot and Index Prices: Spot prices of shipping routes from Shanghai to Europe and related shipping indices (SCFIS, SCFI) are provided. For example, the SCFIS (European route) settlement price index on August 25 was 1990.20, down 8.71% from August 18 [6]. - Futures Prices and Basis: Futures prices of container shipping contracts (e.g., EC2602) and their basis are presented, along with changes and percentage changes [6]. - Fundamental Data: Data on global container shipping capacity supply, port - related indicators, and overseas economic data are given, such as the global container shipping capacity supply remaining unchanged at 3292.86 FTEU on August 28 [6]. Data and Information Calendar - Overseas Data: It lists macro - economic data (e.g., US GDP, Eurozone economic sentiment index), energy - related data (e.g., US EIA natural gas inventory), and agricultural data (e.g., US cotton On - Call report) from the US and the Eurozone [8]. - Domestic Data: Various domestic economic indicators are included, such as steel production and inventory data, chemical industry operating rates, and lithium carbonate production and inventory data [8].