全品种价差日报-20250910

Report Summary 1) Report Industry Investment Rating No investment rating information is provided in the report. 2) Core Viewpoint The report presents the spot prices, futures prices, basis, basis rates, historical quantiles, and spot references of various commodities across multiple sectors on September 10, 2025, including black metals, non - ferrous metals, precious metals, agricultural products, energy chemicals, and financial products [1][2][3]. 3) Summary by Category Black Metals - The commodities include ferrosilicon (SF511), ferromanganese (SM601), rebar (RB2601), hot - rolled coil (HC2601), iron ore (I2601), coke (J2601), and coking coal (JM2601). For example, the spot price of ferrosilicon (SF511) is 5688, the futures price is 5620, the basis is 68, the basis rate is 1.21%, and the historical quantile is 65.20% [1]. Non - Ferrous Metals - Commodities such as copper (CU2510), aluminum (AL2510), alumina (AO2601), zinc (ZN2510), tin (SN2510), nickel (NI510), stainless steel (SS2511), lithium carbonate (LC2511), and industrial silicon (SI2511) are covered. For instance, the spot price of copper (CU2510) is 79890, the futures price is 79650, the basis is 240, the basis rate is 0.30%, and the historical quantile is 70.62% [1]. Precious Metals - Gold (AU2510) and silver (AG2510) are included. The spot price of gold (AU2510) is 831.9, the futures price is 834.5, the basis is - 2.6, the basis rate is - 0.31%, and the historical quantile is 30.40% [2]. Agricultural Products - Commodities like soybean meal (M2601), soybean oil (Y2601), palm oil (P2601), rapeseed meal (RM601), rapeseed oil (OI601), corn (C2511), corn starch (CS2511), live pigs (H2511), eggs (JD2510), cotton (CF601), sugar (SR601), apples (AP601), and red dates (CJ601) are presented. For example, the spot price of cotton (CF601) is 15253, the futures price is 13835.0, the basis is 1418.0, the basis rate is 10.25%, and the historical quantile is 92.10% [3]. Energy Chemicals - Commodities such as p - xylene (PX511), PTA (TA601), ethylene glycol (EG2601), polyester staple fiber (PF511), styrene (EB2510), methanol (MA601), urea (UR601), LLDPE (L2601), PP (PP2601), PVC (V2601), caustic soda (SH601), LPG (PG2510), asphalt (BU2511), butadiene rubber (BR2510), glass (FG601), soda ash (SA601), and natural rubber (RU2601) are analyzed. For example, the spot price of ethylene glycol (EG2601) is 4440.0, the futures price is 4322.0, the basis is 118.0, the basis rate is 2.73%, and the historical quantile is 91.90% [3]. Financial Products - Financial products include stock index futures (IF2509.CFE, IH2509.CFE, IC2509.CFE, IM2509.CFE) and treasury bond futures (2 - year bond (TS2512), 5 - year bond (TF2512), 10 - year bond (T2512), 30 - year bond (TL2512)). For example, the spot price of IF2509.CFE is 4436.3, the futures price is 4426.2, the basis is - 10.1, the basis rate is - 0.23%, and the historical quantile is 36.40% [3].