全品种价差日报-20251125

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core View of the Report The report presents the spot prices, futures 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 November 25, 2025. It offers a comprehensive snapshot of the market conditions for these commodities [1]. 3. Summary by Sector Ferrous Metals - Silicon - based Alloys: For 72 - silicon ferro - alloy, the spot price is 5508, the futures price is 5456, and the basis rate is 2.84%. For 6517 - silicon manganese, the spot price is 5630 [1]. - Steel Products: The spot price of HRB400 20mm in Shanghai is 3240, and for Q235B 4.75mm in Shanghai, it is 3290. The futures prices of rebar (RB2601) and hot - rolled coil (HC2601) are 3089 and 3562 respectively [1]. - Iron Ore and Coking Coal: The spot price of 62.5% Brazilian mixed powder (BRBF) at Rizhao Port is 791, and its futures price is 858. The spot price of S1.3 G75 main coking coal (Meng 5) at Shaheyi is 1223, and the futures price is 1097 [1]. Non - Ferrous Metals - Copper: The spot price of copper is 86080, the futures price is 86532, and the basis rate is 0.18% [1]. - Aluminum and Related Products: The spot price of SMM A00 aluminum is 21360, and the futures price is 21380. The spot price of alumina is 2834, and the futures price is 2736 [1]. - Other Non - Ferrous Metals: Zinc, tin, nickel, and stainless steel also have their respective spot and futures prices and basis rates presented in the report [1]. Precious Metals - Gold and Silver: The spot price of gold (AU2602) is 925.8, and the futures price is 930.3. The spot price of silver (AG2602) is 11808.0, and the futures price is 11827.0 [1]. Agricultural Products - Oilseeds and Oils: The spot price of common protein soybean meal in Zhangjiagang, Jiangsu is 2980, and the futures price is 3011.0. The spot price of fourth - grade soybean oil in Zhangjiagang, Jiangsu is 8370, and the futures price is 8168.0 [1]. - Grain and Livestock: The spot price of corn at Jinzhou Port is 2250, and the futures price is 2220.0. The spot price of live pigs (outer ternary) in Henan is 11400.0, and the futures price is 11550 [1]. Energy and Chemicals - Petrochemicals: The spot price of p - xylene at Chinese main ports is 6772.0, and the futures price is 6765.0. The spot price of PTA in East China is 4680.0, and the futures price is 4630.0 [1]. - Plastics and Rubbers: The spot price of LLDPE in Shandong is 6840.0, and the futures price is 6793.0. The spot price of butadiene rubber is 10395.0, and the futures price is 10700.0 [1]. Financial Products - Stock Index Futures: For IF2512.CFE, the spot price is 4435.2, and the futures price is 4448.0. For IH2512.CFE, the spot price is 2944.4, and the futures price is 2950.6 [1]. - Treasury Bond Futures: The spot price of 2 - year treasury bonds (TS2512) is 100.02, and the futures price is 102.42. The spot price of 5 - year treasury bonds (TF2512) is 99.57, and the futures price is 105.89 [1].