广发期货《金融》日报-20251126

Report Summary of Multiple Futures 1. General Information - The reports cover multiple futures, including stock index futures, treasury bond futures, precious metal futures, and container shipping futures, with data mainly from November 24 - 27, 2025 [1][2][3][4] 2. Stock Index Futures (SIF) [1] - Price Differences - F, H, C, and INMMAR contracts show various changes in spot - futures and inter - period spreads compared to the previous day - For example, F spot - futures spread is - 4.56, with a 23.50% change from the previous day - Cross - Variety Ratios - Ratios such as CSI 500 / SSE 300, IC / IF have different values and percentile positions - CSI 500 / SSE 300 is 1.5488, with a 0.0045 change and 73.30% in the past year's percentile 3. Treasury Bond Futures (TBF) [2] - IRR and Base - Spread - TS, TF, T, and TL contracts have different implied repo rates (IRR) and base - spreads - TS IRR is 1.7177% on November 25, 2025, with a - 0.0868 change - Inter - Period and Cross - Variety Spreads - Different contracts show various inter - period and cross - variety spreads - TS - TF cross - variety spread is - 3.5580 on November 25, 2025 4. Precious Metal Futures (PMF) [3] - Prices - Domestic and overseas futures and spot prices have different changes - AU2602 domestic futures contract rose 1.74% from November 24 to 25, while COMEX gold主力 contract fell 0.18% - Base - Spreads and Ratios - Gold and silver base - spreads have different values and percentile positions - Gold TD - Shanghai gold主力 base - spread is - 5.81, with a - 1.24 change and 2.40% in the past year's percentile - COMEX gold / silver and SHFE gold / silver ratios also changed 5. Container Shipping Futures (CSF) [4] - Index and Price - Shipping indices such as SCFIS and SCFI have different changes - SCFIS (European route) rose 20.75% from November 17 to 24, while SCFI (European) fell 3.53% from November 14 to 21 - Futures prices of EC contracts generally declined, and the base - spread of the main contract increased - Fundamentals - Global container shipping capacity supply remained unchanged, while port - related indicators and overseas economic data had different changes - Shanghai port on - time rate increased 14.75% from the previous period, and the eurozone's composite PMI decreased 0.19%