全品种价差日报-20260123

Report Industry Investment Rating - Not provided in the content Core Viewpoint - Not provided in the content Summary by Commodity Categories Ferrous Metals - Silicon Iron (SF603): The conversion price of 72% silicon iron qualified blocks from Inner Mongolia to Tianjin warehouse receipts is 5,648, with a basis of 38 and a basis rate of 0.68% [1]. - Silicon Manganese (SM603): The conversion price of 65% silicon manganese from Inner Mongolia to Hubei warehouse receipts is 5,814, with a basis of 136 and a basis rate of 2.34% [1]. - PVC (V2605): The market price of polyvinyl chloride (SG - 5) in Changzhou market is 4,570, with a basis of -279 and a basis rate of -9.80% [1]. - Rebar (RB2605): The price of HRB400 20mm rebar in Shanghai is 3,270, with a basis of 146 and a basis rate of 4.67% [1]. - Hot - Rolled Coil (HC2605): The price of Q235B 4.75mm hot - rolled coil in Shanghai is 3,280, with a basis of -7 and a basis rate of -0.21% [1]. - Iron Ore (I2605): The conversion price of 62.5% Brazilian mixed powder (BRBF) from Vale at Rizhao Port is 843, with a basis of 56 and a basis rate of 7.15% [1]. - Coke (J2605): The conversion price of quasi - first - grade metallurgical coke at Rizhao Port is 1,713, with a basis of 25 and a basis rate of 1.46% [1]. - Coking Coal (JM2605): The conversion price of S1.3 G75 main coking coal (Meng 5) at Shaheyi is 1,156, with a basis of 25 and a basis rate of 2.17% [1]. Non - Ferrous Metals - Copper (CU2603): The SMM electrolytic copper average price is 100,070, with a basis of -630 and a basis rate of -0.133% [1]. - Aluminum (AL2603): The SMM A00 aluminum average price is 23,740, with a basis of -315 and a basis rate of -1.31% [1]. - Alumina (AO2605): The SMM alumina index average price is 2,633, with a basis of -84 and a basis rate of -3.10% [1]. - Caustic Soda (SH603): The market price of 32% ion - membrane caustic soda in Shandong market (converted to 100%) is 1,944, with a basis of -4 and a basis rate of -0.22% [1]. - Zinc (ZN2603): The SMM 1 zinc ingot average price is 24,240, with a basis of -160 and a basis rate of -0.66% [1]. - Tin (SN2602): The SMM 1 tin average price is 403,250, with a basis of -5,760 and a basis rate of -1.41% [1]. - Nickel (NI2603): The SMM 1 imported nickel average price is 141,700, with a basis of -800 and a basis rate of -0.56% [1]. - Stainless Steel (SS2603): The price of 304/2B 21240C stainless steel from Wuxi Hongwang (including trimming fee) is 14,070, with a basis of 215 and a basis rate of 1.55% [1]. - Lithium Carbonate (LC2605): The SMM battery - grade lithium carbonate average price is 163,000, with a basis of 1,060 and a basis rate of 0.65% [1]. - Industrial Silicon (SI2605): The SMM industrial silicon average price is 9,250, with a basis of 425 and a basis rate of 4.82% [1]. Precious Metals - IM2603.CFE: The spot price is 8,309.3, with a basis of -16.7 and a basis rate of -0.20% [1]. - Gold (AU2604): The Shanghai Gold Exchange gold spot AU (T + D) price is 1,083.9, with a basis of -3.7 and a basis rate of -0.80% [1]. - Silver (AG2604): The Shanghai Gold Exchange silver spot AG (T + D) price is 23,366, with a basis of 27 and a basis rate of 0.10% [1]. Agricultural Products - Soybean Meal (M2605): The ex - factory price of ordinary protein soybean meal in Zhangjiagang, Jiangsu is 3,080, with a basis of 312 and a basis rate of 11.27% [1]. - Soybean Oil (Y2605): The ex - factory price of grade 4 soybean oil in Zhangjiagang, Jiangsu is 8,500, with a basis of 416 and a basis rate of 5.15% [1]. - Palm Oil (P2605): The delivery price of 24 - degree palm oil at Huangpu Port is 8,880, with a basis of -64 and a basis rate of -0.72% [1]. - Rapeseed Meal (RM605): The ex - factory price of rapeseed meal in Zhanjiang, Guangdong is 2,440, with a basis of 190 and a basis rate of 8.44% [1]. - Rapeseed Oil (OI605): The ex - factory price of grade 4 rapeseed oil in Nantong, Jiangsu is 9,840, with a basis of 838 and a basis rate of 9.31% [1]. - Corn (C2603): The flat - hatch price of corn at Jinzhou Port is 2,360, with a basis of 65 and a basis rate of 2.83% [1]. - Corn Starch (CS2603): The ex - factory price of corn starch in Changchun, Jilin is 2,630, with a basis of 61 and a basis rate of 2.37% [1]. - Hogs (H2603): The ex - farm price of live hogs (outer ternary) in Henan is 13,200, with a basis of 1,600 and a basis rate of 13.79% [1]. - Eggs (JD2603): The ex - farm price of eggs in Shijiazhuang, Hebei is 3,620, with a basis of 525 and a basis rate of 16.96% [1]. - Cotton (CF605): The market price of cotton in Xinjiang is 15,550, with a basis of 820 and a basis rate of 5.57% [1]. - Sugar (SR605): The spot price of white sugar at Liuzhou Station (origin: Guangxi) is 5,340, with a basis of 182 and a basis rate of 3.53% [1]. - Apples (AP605): The delivery theoretical price of apples is 9,400, with a basis of -89 and a basis rate of -0.94% [1]. - Red Dates (CJ605): The wholesale price of first - grade grey dates in Hebei is 8,000, with a basis of -745 and a basis rate of -8.52% [1]. Energy and Chemicals - Paraxylene (PX603): The spot price at the main Chinese port (CFR, converted to RMB) is 7,279, with a basis of -111 and a basis rate of -1.50% [1]. - PTA (TA605): The market price (intermediate price) of purified terephthalic acid in East China is 5,210, with a basis of -88 and a basis rate of -1.66% [1]. - Polyester Staple Fiber (PF603): The market price (mainstream price) of polyester staple fiber (1.4D*38mm, direct - spinning) in East China is 6,540, with a basis of -100 and a basis rate of -1.51% [1]. - Styrene (EB2603): The market price (spot benchmark price) of styrene in East China is 7,855, with a basis of 161 and a basis rate of 2.09% [1]. - Methanol (MA605): The market price (spot benchmark price) of methanol in Jiangsu Taicang is 2,238, with a basis of -22 and a basis rate of -0.97% [1]. - LLDPE (L2605): The duty - paid self - pick - up price (intermediate price) of linear low - density polyethylene (film grade) in Shandong is 6,640, with a basis of -174 and a basis rate of -2.55% [1]. - PP (PP2605): The duty - paid self - pick - up price (intermediate price) of polypropylene (拉丝级, melt index 2 - 4) in Zhejiang is 6,575, with a basis of -49 and a basis rate of -0.74% [1]. - LPG (PG2603): The market price of liquefied petroleum gas in Guangzhou is 4,798, with a basis of 664 and a basis rate of 16.06% [1]. - Asphalt (BU2603): The market price (mainstream price) of asphalt (heavy - traffic asphalt) in Shandong is 3,080, with a basis of -162 and a basis rate of -5.00% [1]. - Soda Ash (SA605): The market price of heavy - grade soda ash in Shahe is 1,150, with a basis of -35 and a basis rate of -3.04% [1]. - Natural Rubber (RU2605): The Shanghai market price of natural rubber (Yunnan state - owned whole latex) is 15,600, with a basis of -250 and a basis rate of -1.50% [1]. Financial Products - IF2603.CFE: The spot price is 4,723.7, with a basis of -4.3 and a basis rate of -0.09% [1]. - IH2603.CFE: The spot price is 3,053.1, with a basis of 8.1 and a basis rate of 0.26% [1]. - 2 - Year Treasury Bond (TS2603): The spot price is 100.09, with a basis of 0 and a basis rate of 0.00% [1]. - 5 - Year Treasury Bond (TF2603): The spot price is 99.61, with a basis of -0.01 and a basis rate of -0.01% [1]. - 10 - Year Treasury Bond (T2603): The spot price is 100.46, with a basis of 0.01 and a basis rate of 0.00% [1]. - 30 - Year Treasury Bond (TL2603): The spot price is 126.61, with a basis of 0.22 and a basis rate of 0.20% [1]. - Urea (UR605): The market price (mainstream price) of small - particle urea in Shandong is 1,750 [1]. - Ethylene Glycol (EG2605): The market price (intermediate price) of ethylene glycol in East China is 3,735, with a basis of -112 and a basis rate of -2.99% [1]. - IC2603.CFE: The spot price is 8,387.6, with a basis of 12.4 and a basis rate of 0.15% [1]. - Glass (FG605): The market price of 5mm float glass in Shahe is 928, with a basis of -129 and a basis rate of -13.90% [1]. - Butadiene Rubber (BR2603): The distribution price of cis - butadiene rubber (Daqing, BR9000) in East China is 12,000, with a basis of -270 and a basis rate of -2.20% [1].