全品种价差日报-20251027

Report Summary 1. Report Industry Investment Rating No industry investment rating information is provided in the content. 2. Report's Core View The report presents the futures prices, spot prices, basis, basis rates, and historical quantiles of various commodities across multiple sectors including ferrous metals, non - ferrous metals, precious metals, agricultural products, energy and chemicals, and financial products on October 27, 2025 [1]. 3. Summary by Categories Ferrous Metals - Silicon - based Alloys: For silicon iron (SF601), the futures price is 5542, the spot price is 5628, with a basis of 86 and a basis rate of 1.55%, and a historical quantile of 66.80%. For silicon manganese (SM601), the futures price is 5950, the spot price is 5772, with a basis of - 178 and a basis rate of - 3.08% [1]. - Steel Products: The futures price of rebar (RB2601) is 3046, the spot price is 3200, with a basis of 154, a basis rate of 5.06%, and a historical quantile of 64.30%. The futures price of hot - rolled coil (HC2601) is 3290, the spot price is 3250, with a basis of - 40, a basis rate of - 1.23%, and a historical quantile of 35.40% [1]. - Raw Materials: The futures price of iron ore (I2601) is 837, the spot price is 771, with a basis of - 66, a basis rate of - 7.89%, and a historical quantile of 52.60%. The futures price of coke (J2601) is 1758, the spot price is 1646, with a basis of - 112, a basis rate of - 6.36%, and a historical quantile of 8.99%. The futures price of coking coal (JM2601) is 1318, the spot price is 1249, with a basis of - 69, a basis rate of - 5.23%, and a historical quantile of 42.90% [1]. Non - Ferrous Metals - Copper: The futures price of copper (CU2512) is 87720, the spot price is 86420, with a basis of - 1300, a basis rate of - 1.48%, and a historical quantile of 0.83% [1]. - Aluminum and Related: The futures price of aluminum (AL2512) is 21110, the spot price is 21225, with a basis of 115, a basis rate of 0.54%, and a historical quantile of 18.12%. The futures price of alumina (AO2601) is 2888, the spot price is 2810, with a basis of - 78, a basis rate of - 2.78%, and a historical quantile of 48.23% [1]. - Other Non - Ferrous Metals: Zinc (ZN2512), tin (SN2512), nickel (NI2512), and stainless steel (SS2512) also have their respective futures and spot price information, along with basis, basis rates, and historical quantiles [1]. Precious Metals - Gold and Silver: The futures price of gold (AU2512) is 938.1, the spot price is 935.3, with a basis of - 2.8, a basis rate of - 0.30%, and a historical quantile of 25.70%. The futures price of silver (AG2512) is 11332.0, the spot price is 11317.0, with a basis of - 15.0, a basis rate of - 0.13%, and a historical quantile of 59.70% [1]. Agricultural Products - Oilseeds and Oils: For example, the futures price of soybean meal (M2601) is 2933.0, the spot price is 2900, with a basis of - 33.0, a basis rate of - 1.13%, and a historical quantile of 30.70%. The futures price of soybean oil (Y2601) is 8194.0, the spot price is 8350, with a basis of 156.0, a basis rate of 1.90%, and a historical quantile of 33.10% [1]. - Grains and Others: Corn (C2601), corn starch (CS2601), wheat, and other agricultural products also have corresponding price and basis information [1]. Energy and Chemicals - Petrochemicals: The futures price of p - xylene (PX601) is 6691.0, the spot price is 6522.0, with a basis of - 169.0, a basis rate of - 2.53%, and a historical quantile of 12.20%. The futures price of PTA (TA601) is 4440.0, the spot price is 4518.0, with a basis of 78.0, a basis rate of 1.76%, and a historical quantile of 20.00% [1]. - Plastics and Chemicals: LLDPE (L2601), PP (PP2601), PVC (V2601), and other plastics, as well as chemicals like methanol (MA601), urea (UR601), etc., have their price and basis details [1]. Financial Products - Stock Index Futures: For IF2512, the futures price is 4660.7, the spot price is 4634.8, with a basis of 25.9, a basis rate of 0.56%, and a historical quantile of 17.20%. For IC2512, the futures price is 7258.5, the spot price is 7159.8, with a basis of - 98.7, a basis rate of - 1.36%, and a historical quantile of 3.30% [1]. - Bond Futures: 2 - year bond (TS2512), 5 - year bond (TF2512), and 10 - year bond (T2512) have their futures and spot price relationships presented, along with basis and basis rates considering conversion factors [1].