广发期货日报-20260127

Report Industry Investment Ratings - No industry investment ratings are provided in the reports. 2. Core Views of the Reports 2.1 Stock Index Futures Spread Daily Report - The report presents the latest values, changes from the previous day, and historical quantiles of various stock index futures spreads, including spot - futures spreads and inter - period spreads, as well as cross - variety ratios [1]. 2.2 Treasury Bond Futures Spread Daily Report - It shows the latest values, changes from the previous trading day, and historical quantiles of various treasury bond futures spreads, such as basis, inter - period spreads, and cross - variety spreads [2]. 2.3 Precious Metals Spot - Futures Daily Report - In the short term, the precious metals market will maintain a relatively strong shock. Gold's upward momentum above the 20 - day moving average is increasing, and long positions should be held. Silver's short - term price is strong but volatile, and risk control measures should be focused on. Platinum and palladium prices are rising due to macro - financial attributes and tight supply, and a buy - on - dips strategy is recommended [4]. 2.4 Container Shipping Industry Spot - Futures Daily Report - The settlement price indices of container shipping, including SCFIS for European and US - West routes, and Shanghai Export Container Freight Index, have declined. The prices of container shipping futures contracts have generally increased, and the basis of the main contract has decreased. The global container shipping capacity supply has slightly increased, and some overseas economic indicators have shown different changes [6]. 3. Summaries According to Relevant Catalogs 3.1 Stock Index Futures Spread Daily Report - Spot - Futures Spreads: IF spot - futures spread is 12.44, up 5.73 from the previous day; IC is 32.90% (with a - 36.69 change); IM is 22.70% (with a - 76.23 change) [1]. - Inter - period Spreads: For example, IF's next - month minus current - month spread is 5.60, up 0.40 from the previous day [1]. - Cross - variety Ratios: IC/IF is 1.7947, down 0.0439 from the previous day; IC/IH is 2.7696, down 0.0806 [1]. 3.2 Treasury Bond Futures Spread Daily Report - Basis: TS basis is 1.3290, up 0.0141 from the previous trading day; TF is 1.3355, up 0.0144; T is 1.3663, up 0.0117 [2]. - Inter - period Spreads: For example, TS's current - quarter minus next - quarter spread is - 0.0240, up 0.0080 from the previous trading day [2]. - Cross - variety Spreads: TS - TF is 0.0040, with a - 3.4580 change on 2026 - 01 - 26 [2]. 3.3 Precious Metals Spot - Futures Daily Report - Domestic Futures Closing Prices: AU2604 contract is 1143.32 yuan/g, up 27.68 yuan or 2.48% from January 23; AG2604 contract is 27207 yuan/kg, up 2242 yuan or 8.98% [4]. - Foreign Futures Closing Prices: COMEX gold main contract is 5004.80, up 21.70 or 0.44% from January 23; COMEX silver main contract is 103.89, up 0.63 or 0.61% [4]. - Spot Prices: London gold is 5009.88, up 28.57 or 0.57%; London silver is 103.87, up 0.53 or 0.52% [4]. - Basis: Gold TD - Shanghai gold main contract is 0.94, up 6.23 from the previous value; silver TD - Shanghai silver main contract has a basis change not fully presented [4]. - Ratios: COMEX gold/silver is 48.17, down 0.08 or - 0.17%; Shanghai Futures Exchange gold/silver is 42.02, down 2.67 or - 5.96% [4]. - Interest Rates and Exchange Rates: 10 - year US Treasury yield is 4.22%, down 0.02 or - 0.5%; US dollar index is 97.05, down 0.45 or - 0.47% [4]. - Inventory and Positions: Shanghai Futures Exchange gold inventory is 103029, up 1020 or 1.00%; COMEX gold inventory is 35941502, down 202778 or - 0.56% [4]. 3.4 Container Shipping Industry Spot - Futures Daily Report - Container Shipping Indices: SCFIS (European route) is 1859.31 points, down 94.9 points or - 4.86% from January 19; SCFI composite index is 1457.86 points, down 116.3 points or - 7.39% from January 16 [6]. - Futures Prices and Basis: EC2602 is 1726.7 points, up 9.0 points or 0.52% from January 23; the basis of the main contract (EC2604) is 659.1, down 61.9 or - 8.59% [6]. - Fundamental Data: Global container shipping capacity supply is 3374.68 million TEU, up 1.74 million TEU or 0.05% from January 25; Shanghai port on - time rate is 41.81%, up 1.81 percentage points or 4.53% from November [6].