全品种价差日报-20251104

Report Summary 1. Report Industry Investment Rating - No information provided in the given content. 2. Core View of the Report - The report presents the latest market data of various futures and spot commodities on November 4, 2025, including prices, basis, basis rates, and historical quantiles of different varieties such as ferrosilicon, manganese - silicon, steel, iron ore, non - ferrous metals, precious metals, agricultural products, and energy chemicals, as well as the basis data of stock index futures and bond futures [1]. 3. Summary by Commodity Categories Ferrous Metals - Silicon - related Products: 72 - grade ferrosilicon qualified block in Inner Mongolia - Tianjin warehouse receipt has a spot price of 5526, a futures price of 5628, a basis rate of 2.17%, and a historical quantile of 69.20%; 6517 ferromanganese in Inner Mongolia - Hubei warehouse receipt has a spot price of 5794, and the historical quantile is 48.80% [1]. - Steel Products: HRB400 20mm rebar in Shanghai has a spot price of 3079, a futures price of 3220, a basis rate of 4.58%, and a historical quantile of 61.00%; Q235B 4.75mm hot - rolled coil in Shanghai has a spot price of 3310, and the historical quantile is 23.70% [1]. - Ore and Coke: The 62.5% Brazilian mixed powder (BRBF) of Vale at Rizhao Port has a spot price of 1772, a futures price of 1721, a basis rate of - 2.82%, and a historical quantile of 51.20%; the quasi - first - grade metallurgical coke at Rizhao Port has a historical quantile of 38.95%; the S1.3 G75 main coking coal (Meng 5) at Shaheyi has a spot price of 1385, a futures price of 1285, a basis rate of 7.82%, and a historical quantile of 52.20% [1]. Non - Ferrous Metals - Copper: The SMM electrolytic copper average price is 87300, the futures price is 86840, the basis is - 460, the basis rate is - 0.53%, and the historical quantile is 13.75% [1]. - Aluminum: The SMM A00 aluminum average price is 21440, the futures price is 21600, the basis is - 160, the basis rate is - 0.74%, and the historical quantile is 9.58% [1]. - Other Metals: Zinc, tin, nickel, stainless steel, etc. also have corresponding spot and futures price data and basis information [1]. Precious Metals - Gold: The Shanghai Gold Exchange's gold spot AU (T + D) has a price of 922.6, the futures price is 920.2, the basis is - 2.4, the basis rate is - 0.25%, and the historical quantile is 34.30% [1]. - Silver: The Shanghai Gold Exchange's silver spot AG (T + D) has a price of 11455.0, the futures price is 11442.0, the basis is - 13.0, and the historical quantile is 64.00% [1]. Agricultural Products - Oilseeds and Oils: Soybean meal has a spot price of 3010, a futures price of 3026.0, a basis of - 16.0, a basis rate of - 0.53%, and a historical quantile of 33.90%; soybean oil has a spot price of 8270, a futures price of 8110.0, a basis of 160.0, and a historical quantile of 34.30%; palm oil, rapeseed meal, rapeseed oil, etc. also have corresponding data [1]. - Grains and Livestock: Corn, corn starch, live pigs, eggs, cotton, sugar, apples, and jujubes have their respective spot and futures price data, basis, and historical quantiles [1]. Energy Chemicals - Aromatics and Polyester Raw Materials: Para - xylene (PX) has a spot price of 6640.0, a futures price of 6723.0, a basis of 83.0, a basis rate of - 1.61%, and a historical quantile of 12.10%; PTA, ethylene glycol, etc. also have relevant data [1]. - Plastics and Rubber: LLDPE, PP, PVC, caustic soda, LPG, asphalt, butadiene rubber, glass, soda ash, and natural rubber have corresponding spot and futures price data, basis, and historical quantiles [1]. Financial Futures - Stock Index Futures: IF2512.CFE has a spot price of 4634.8, a futures price of 4653.4, a basis of - 18.6, a basis rate of - 0.40%, and a historical quantile of 57.90%; IH2512.CFE, IC2512.CFE, and IM2512.CFE also have relevant data [1]. - Bond Futures: 2 - year bond (TS2512), 5 - year bond (TF2512), 10 - year bond (T2512), and 30 - year bond (TL2512) have corresponding basis data and historical quantiles [1].