全品种价差日报-20250926

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core View of the Report The report presents the latest price and basis data of various futures and spot commodities, including ferrous metals, non - ferrous metals, precious metals, agricultural products, and energy chemicals, as well as stock index futures and bond futures, to provide a reference for market participants [1]. 3. Summary by Related Catalogs Ferrous Metals - Silicon Iron (SF51): The spot price is 5758, the futures price is 5786, the basis is - 28, and the basis rate is 0.54%. The historical quantile is 55.30% [1]. - Silicon Manganese (SM601): The spot price is 5970, the futures price is 2038, the basis is 3932, and the basis rate is 31.20% [1]. - Rebar (RB2601): The spot price of HRB400 20mm in Shanghai is 3167, the futures price is 3290, the basis is - 123, and the basis rate is 3.88%. The historical quantile is 56.60% [1]. - Hot - Rolled Coil (HC2601): The spot price of Q235B 4.75mm in Shanghai is 3358, the futures price is 3400, the basis is - 42, and the basis rate is 1.25%. The historical quantile is 36.50% [1]. - Iron Ore (12601): The spot price of 62.5% Brazilian mixed powder (BRBF) at Rizhao Port is 806, the futures price is 853, the basis is - 47, and the basis rate is - 5.51%. The historical quantile is 40.40% [1]. - Coke (J2601): The spot price of quasi - first - grade metallurgical coke at Rizhao Port is 1646, the futures price is 1760, the basis is - 114, and the basis rate is - 6.49%. The historical quantile is 8.35% [1]. - Coking Coal (JM2601): The spot price of S1.3 G75 main coking coal (Meng 5) at Shaheyi is 1235, the futures price is 1185, the basis is 50, and the basis rate is 4.22%. The historical quantile is 15.00% [1]. Non - Ferrous Metals - Copper (CU2511): The SMM electrolytic copper average price is 82505, the futures price is 82710, the basis is - 205, and the basis rate is - 0.25%. The historical quantile is 25.41% [1]. - Aluminum (AL2511): The SMM A00 aluminum average price is 20770, the futures price is 20765, the basis is 5, and the basis rate is 0.02%. The historical quantile is 59.16% [1]. - Alumina (AO2601): The SMM heavy - alumina modulus average price is 3001, the futures price is 2942, the basis is 59, and the basis rate is 2.00%. The historical quantile is 42.95% [1]. - Zinc (ZN2511): The SMM 1 zinc ingot average price is 21800, the futures price is 22045, the basis is - 245, and the basis rate is - 1.11%. The historical quantile is 7.08% [1]. - Tin (SN2511): The SMM 1 tin average price is 273700, the futures price is 273710, the basis is - 10, and the basis rate is 0.00%. The historical quantile is 47.70% [1]. - Nickel (NISEJI): The SMM 1 imported nickel average price is 123225, the futures price is 122990, the basis is 235, and the basis rate is 0.19%. The historical quantile is 70.20% [1]. - Stainless Steel (SS2511): The price of 304/2B:21240C at Wuxi Hongwang (including trimming fee) is 13370, the futures price is 12930, the basis is 440, and the basis rate is 3.40%. The historical quantile is 84.54% [1]. - Lithium Carbonate (LC2511): The SMM battery - grade lithium carbonate average price is 73750, the futures price is 74040, the basis is - 290, and the basis rate is - 0.39%. The historical quantile is 51.10% [1]. - Industrial Silicon (SI2511): The SMM industrial silicon average price is 9500, the futures price is 9055, the basis is 445, and the basis rate is 4.91%. The historical quantile is 32.79% [1]. Precious Metals - Gold (AU2512): The Shanghai Gold Exchange gold spot AU (T + D) price is 854.7, the futures price is 852.0, the basis is 2.7, and the basis rate is 0.32%. The historical quantile is 26.50% [1]. - Silver (AG2512): The Shanghai Gold Exchange silver spot AG (T + D) price is 10411.0, the futures price is 10353.0, the basis is 58.0, and the basis rate is 0.56%. The historical quantile is 26.50% [1]. Agricultural Products - Soybean Meal (M2601): The ex - factory price of ordinary soybean meal in Zhangjiagang, Jiangsu is 2900, the futures price is 2967.0, the basis is - 67.0, and the basis rate is - 2.26%. The historical quantile is 26.50% [1]. - Soybean Oil (V2601): The ex - factory price of grade 4 soybean oil in Zhangjiagang, Jiangsu is 8350, the futures price is 8192.0, the basis is 158.0, and the basis rate is 1.93%. The historical quantile is 31.50% [1]. - Palm Oil (P2601): The delivery price of palm oil at Huangpu Port is 9222.0, the futures price is 9150, the basis is 72.0, and the basis rate is 0.79%. The historical quantile is 6.40% [1]. - Rapeseed Meal (RM601): The ex - factory price of ordinary rapeseed meal in Zhanjiang, Guangdong is 2444.0, the futures price is 2530, the basis is - 86.0, and the basis rate is - 3.40%. The historical quantile is 62.30% [1]. - Rapeseed Oil (Ol601): The ex - factory price of grade 4 rapeseed oil in Nantong, Jiangsu is 10142.0, the futures price is 10330, the basis is - 188.0, and the basis rate is - 1.82%. The historical quantile is 67.70% [1]. - Corn (C2511): The f.o.b. price of corn at Jinzhou Port is 2310, the futures price is 2165.0, the basis is 145.0, and the basis rate is 6.70%. The historical quantile is 96.00% [1]. - Corn Starch (CS2511): The ex - factory price of corn starch in Changchun, Jilin is 2600, the futures price is 2474.0, the basis is 126.0, and the basis rate is 5.09%. The historical quantile is 63.40% [1]. - Live Hogs (H251): The ex - factory price of live hogs (external ternary) in Henan is 12550, the futures price is 12685.0, the basis is - 135.0, and the basis rate is - 1.06%. The historical quantile is 38.50% [1]. - Eggs (JD2511): The average price of eggs in Shijiazhuang, Hebei is 414.0, the futures price is 3490, the basis is 65.0, and the basis rate is 1.86%. The historical quantile is 13.46% [1]. - Cotton (CF601): The arrival price of cotton 3128B in Xinjiang is 15030, the futures price is 13530.0, the basis is 1500.0, and the basis rate is 11.09%. The historical quantile is 94.00% [1]. - Sugar (SR601): The spot price of white sugar at Liuzhou Station is 5890, the futures price is 5485.0, the basis is 405.0, and the basis rate is 7.38%. The historical quantile is 73.30% [1]. - Apples (AP601): The theoretical delivery price of apples is 8600, the futures price is 8446.0, the basis is 154.0, and the basis rate is 1.82%. The historical quantile is 27.40% [1]. - Red Dates (CJ601): The wholesale price of first - grade grey dates in Hebei is 10970.0, the futures price is 9500, the basis is 1470.0, and the basis rate is 15.42%. The historical quantile is 32.50% [1]. Energy Chemicals - Para - Xylene (PX511): The spot price (CFR) of para - xylene at the main port in China, converted to RMB, is 6594.0, the futures price is 6686.8, the basis is - 92.8, and the basis rate is - 1.41%. The historical quantile is 50.90% [1]. - PTA (TA601): The market price (mid - price) of purified terephthalic acid (PTA) in East China is 4530.0, the futures price is 4604.0, the basis is - 74.0, and the basis rate is - 1.61%. The historical quantile is 24.80% [1]. - Ethylene Glycol (EG2601): The market price (mid - price) of ethylene glycol in East China is 4345.0, the futures price is 4257.0, the basis is 88.0, and the basis rate is 2.07%. The historical quantile is 88.60% [1]. - Polyester Staple Fiber (PF511): The market price (mainstream price) of polyester staple fiber (1.4D*38mm (direct - spun)) in the East China market is 6284.0, the futures price is 6425.0, the basis is - 141.0, and the basis rate is - 2.24%. The historical quantile is 76.70% [1]. - Styrene (EB2511): The market price (spot benchmark price) of styrene in East China, China is 7030.0, the futures price is 6992.0, the basis is 38.0, and the basis rate is 0.54%. The historical quantile is 35.10% [1]. - Methanol (MA601): The market price (spot benchmark price) of methanol in Taicang, Jiangsu, China is 2361.0, the futures price is 2250.0, the basis is 111.0, and the basis rate is 4.70%. The historical quantile is 10.80% [1]. - Urea (UR601): The market price (mainstream price) of small - particle urea in Shandong is 1640.0, the futures price is 1661.0, the basis is - 21.0, and the basis rate is - 1.28%. The historical quantile is 8.20% [1]. - LLDPE (L2601): The duty - paid self - pick - up price (mid - price) of linear low - density polyethylene LLDPE (film grade) in Shandong is 7190.0, the futures price is 7169.0, the basis is 21.0, and the basis rate is 0.29%. The historical quantile is 28.30% [1]. - PP (PP2601): The duty - paid self - pick - up price (mid - price) of polypropylene PP (wire - drawing grade, melt index 2 - 4) in Zhejiang is 6860.0, the futures price is 6914.0, the basis is - 54.0, and the basis rate is - 0.79%. The historical quantile is 11.90% [1]. - PVC (V2601): The market price (mainstream price) of polyvinyl chloride (SG - 5) in the Changzhou market, China is 4780.0, the futures price is 4950.0, the basis is - 170.0, and the basis rate is - 3.43%. The historical quantile is 34.10% [1]. - Caustic Soda (SH601): The market price (mainstream price) of caustic soda (32% ion - membrane caustic soda) in Shandong, converted to 100%, is 2641.0, the futures price is 2500.0, the basis is 141.0, and the basis rate is 5.64%. The historical quantile is 29.40% [1]. - LPG (PG2511): The market price of liquefied petroleum gas in Guangzhou is 4548.0, the futures price is 4360.0, the basis is 188.0, and the basis rate is 4.31%. The historical quantile is 42.10% [1]. - Asphalt (BU2511): The market price (mainstream price) of asphalt (heavy - traffic asphalt) in Shandong is 3520.0, the futures price is 3421.0, the basis is 99.0, and the basis rate is 2.81%. The historical quantile is 71.80% [1]. - Butadiene Rubber (BR2511): The Chinese distribution price of cis - butadiene rubber (Daqing, BR9000) in North China is 11445.0, the futures price is 11700.0, the basis is - 255.0, and the basis rate is - 2.23%. The historical quantile is 56.80% [1]. - Glass (FG601): The market price of 5mm large - plate float glass in Shahe is 1128.0, the futures price is 1270.0, the basis is - 142.0, and the basis rate is - 11.18%. The historical quantile is 16.94% [1]. - Soda Ash (SA601): The market price of heavy - soda ash in Shahe is 1225.0, the futures price is 1315.0, the basis is - 90.0, and the basis rate is - 6.86%. The historical quantile is 10.04% [1