全品种价差日报-20260130

1. Report's Core View - The report presents the spot prices, futures prices, basis, basis rates, historical quantiles, spot references, and notes of various commodities on January 30, 2026, covering ferrous metals, non - ferrous metals, precious metals, agricultural products, energy and chemical products, and financial futures [1]. 2. Summary by Commodity Categories Ferrous Metals - Silicon Iron (SF603): Spot price is 5678, futures price is 5736, basis is - 58, basis rate is 11.01%, historical quantile is 49.90%, and the spot reference is the converted price of 72 - silicon iron qualified blocks from Inner Mongolia to Tianjin warehouse receipts [1]. - Silicon Manganese (SM603): Spot price is 5940, futures price is 5926, basis is 14, basis rate is 0.24%, historical quantile is 27.50%, and the spot reference is the converted price of 6517 silicon manganese from Inner Mongolia to Hubei warehouse receipts [1]. - Rebar (RB2605): Spot price is 3260, futures price is 3157, basis is 103, basis rate is 3.26%, historical quantile is 48.40%, and the spot reference is HRB400 20mm in Shanghai [1]. - Hot - Rolled Coil (HC2605): Spot price is 3290, futures price is 3308, basis is - 18, basis rate is - 0.54%, historical quantile is 11.40%, and the spot reference is Q235B 4.75mm in Shanghai [1]. - Iron Ore (I2605): Spot price is 844, futures price is 799, basis is 45, basis rate is 5.67%, historical quantile is 35.90%, and the spot reference is the converted price of 62.5% Brazilian blended powder (BRBF) from Vale at Rizhao Port [1]. - Coke (J2605): Spot price is 1713, futures price is 1723, basis is - 10, basis rate is - 0.61%, historical quantile is 58.20%, and the spot reference is the converted price of quasi - first - grade metallurgical coke at Rizhao Port [1]. - Coking Coal (JM2605): Spot price is 1156, futures price is 1165, basis is - 9, basis rate is - 0.77%, historical quantile is 30.50%, and the spot reference is the converted price of S1.3 G75 main coking coal (Meng 5) at Shaheyi [1]. Non - Ferrous Metals - Copper (CU2603): Spot price is 104185, futures price is 109110, basis is - 4925, basis rate is - 4.51%, historical quantile is 0.20%, and the spot reference is the SMM electrolytic copper average price [1]. - Aluminum (AL2603): Spot price is 24860, futures price is 25590, basis is - 730, basis rate is 2.85%, historical quantile is 0.41%, and the spot reference is the SMM A00 aluminum average price [1]. - Alumina (AO2605): Spot price is 2625, futures price is 2816, basis is - 191, basis rate is - 6.77%, historical quantile is 5.94%, and the spot reference is the SMM alumina index average price [1]. - Zinc (ZN2603): Spot price is 25220, futures price is 25950, basis is - 730, basis rate is 2.81%, historical quantile is 0.20%, and the spot reference is the SMM 1 zinc ingot average price [1]. - Tin (SN2603): Spot price is 438600, futures price is 446130, basis is - 7530, basis rate is 1.69%, historical quantile is 1.66%, and the spot reference is the SMM 1 tin average price [1]. - Nickel (NI2603): Spot price is 144650, futures price is 147470, basis is - 2820, basis rate is 1.91%, historical quantile is 1.04%, and the spot reference is the SMM 1 imported nickel average price [1]. - Stainless Steel (SS2603): Spot price is 14670, futures price is 14585, basis is 85, basis rate is 0.58%, historical quantile is 18.02%, and the spot reference is 304/2B:21240C from Wuxi Hongwang (including trimming fee) [1]. - Lithium Carbonate (LC2605): Spot price is 168000, futures price is 164820, basis is 3180, basis rate is 1.93%, historical quantile is 94.93%, and the spot reference is the SMM battery - grade lithium carbonate average price [1]. - Industrial Silicon (SI2605): Spot price is 9250, futures price is 8925, basis is 325, basis rate is 3.64%, historical quantile is 18.89%, and the spot reference is the SMM East China oxygen - passing Si5530 average price [1]. Precious Metals - Gold (AU2604): Spot price is 1243.4, futures price is 1249.1, basis is - 5.7, basis rate is - 0.50%, historical quantile is 1.40%, and the spot reference is the Shanghai Gold Exchange gold spot AU (T + D) [1]. - Silver (AG2604): Spot price is 29998.0, futures price is 30891.0, basis is - 893.0, basis rate is 2.90%, historical quantile is 0.20%, and the spot reference is the Shanghai Gold Exchange silver spot AG (T + D) [1]. Agricultural Products - Soybean Meal (M2605): Spot price is 3080, futures price is 2802.0, basis is 278.0, basis rate is 9.92%, historical quantile is 67.80%, and the spot reference is the ex - factory price of common protein soybean meal in Zhangjiagang, Jiangsu [1]. - Soybean Oil (Y2605): Spot price is 8710, futures price is 8382.0, basis is 328.0, basis rate is 3.91%, historical quantile is 61.10%, and the spot reference is the ex - factory price of grade - four soybean oil in Zhangjiagang, Jiangsu [1]. - Palm Oil (P2605): Spot price is 9290, futures price is 9362.0, basis is - 72.0, basis rate is - 0.77%, historical quantile is 6.00%, and the spot reference is the delivery price of 24 - degree palm oil at Huangpu Port [1]. - Rapeseed Meal (RM605): Spot price is 2480, futures price is 2325.0, basis is 155.0, basis rate is 6.67%, historical quantile is 76.60%, and the spot reference is the ex - factory price of rapeseed meal in Zhanjiang, Guangdong [1]. - Rapeseed Oil (OI605): Spot price is 10240, futures price is 9446.0, basis is 794.0, basis rate is 8.41%, historical quantile is 96.40%, and the spot reference is the ex - factory price of grade - four rapeseed oil in Nantong, Jiangsu [1]. - Corn (C2603): Spot price is 2340, futures price is 2281.0, basis is 59.0, basis rate is 2.59%, historical quantile is 63.80%, and the spot reference is the flat - hatch price of corn at Xizhou Port [1]. - Corn Starch (CS2603): Spot price is 2630, futures price is 2535.0, basis is 95.0, basis rate is 3.75%, historical quantile is 43.60%, and the spot reference is the ex - factory price of corn starch in Changchun, Jilin [1]. - Live Pigs (H2603): Spot price is 12650, futures price is 11165.0, basis is 1485.0, basis rate is 13.30%, historical quantile is 85.00%, and the spot reference is the ex - farm price of live pigs (outer ternary) in Henan [1]. - Eggs (JD2603): Spot price is 3960, futures price is 3021.0, basis is 939.0, basis rate is 31.08%, historical quantile is 90.30%, and the spot reference is the ex - farm price of eggs in Shijiazhuang, Hebei [1]. - Cotton (CF605): Spot price is 15600, futures price is 14910.0, basis is 690.0, basis rate is 4.63%, historical quantile is 24.70%, and the spot reference is the market price of cotton in Xinjiang [1]. - Sugar (SR605): Spot price is 5370, futures price is 5257.0, basis is 113.0, basis rate is 2.15%, historical quantile is 15.30%, and the spot reference is the spot price of white sugar at Liuzhou Station, with the origin of Guangxi [1]. - Apples (AP605): Spot price is 9400, futures price is 9642.0, basis is - 242.0, basis rate is 2.51%, historical quantile is 14.10%, and the spot reference is the apple delivery theoretical price (daily/Steel Union) [1]. - Jujubes (CJ605): Spot price is 8000, futures price is 8895.0, basis is - 895.0, basis rate is - 10.06%, historical quantile is 46.00%, and the spot reference is the wholesale price of first - grade grey jujubes in Hebei (Steel Union) [1]. Energy and Chemical Products - Para - Xylene (PX603): Spot price is 7373.0, futures price is 7380.0, basis is - 7.0, basis rate is - 0.09%, historical quantile is 29.40%, and the spot reference is the spot price (CFR) of para - xylene at the main Chinese port, converted into RMB [1]. - PTA (TA605): Spot price is 5265.0, futures price is 5332.0, basis is - 67.0, basis rate is 1.26%, historical quantile is 31.20%, and the spot reference is the market price (mid - price) of purified terephthalic acid (PTA) in the East China region [1]. - Ethylene Glycol (EG2605): Spot price is 3845.0, futures price is 3957.0, basis is - 112.0, basis rate is 2.83%, historical quantile is 15.40%, and the spot reference is the market price (mid - price) of ethylene glycol (MEG) in the East China region [1]. - Polyester Staple Fiber (PF603): Spot price is 6705.0, futures price is 6720.0, basis is - 15.0, basis rate is - 0.22%, historical quantile is 37.70%, and the spot reference is the market price (mainstream price) of polyester staple fiber (1.4D*38mm (direct - spinning)) in the East China market [1]. - Styrene (EB2603): Spot price is 8095.0, futures price is 7913.0, basis is 182.0, basis rate is 2.30%, historical quantile is 65.20%, and the spot reference is the market price (spot benchmark price) of styrene in East China, China [1]. - Methanol (MA605): Spot price is 2282.0, futures price is 2352.0, basis is - 70.0, basis rate is 2.98%, historical quantile is 8.20%, and the spot reference is the market price (spot benchmark price) of methanol in Taicang, Jiangsu, China [1]. - Urea (UR605): Spot price is 1780.0, futures price is 1817.0, basis is - 37.0, basis rate is 2.04%, historical quantile is 7.50%, and the spot reference is the market price (mainstream price) of small - particle urea in the Shandong region [1]. - LLDPE (L2605): Spot price is 6875.0, futures price is 7049.0, basis is - 174.0, basis rate is 2.47%, historical quantile is 0.80%, and the spot reference is the duty - paid self - pick - up price (mid - price) of linear low - density polyethylene LLDPE (film grade) in Shandong [1]. - PP (PP2605): Spot price is 6785.0, futures price is 6870.0, basis is - 85.0, basis rate is - 1.24%, historical quantile is 8.10%, and the spot reference is the duty - paid self - pick - up price (mid - price) of polypropylene PP (wire - drawing grade, melt index 2 - 4) in Zhejiang [1]. - PVC (V2605): Spot price is 4680.0, futures price is 4895.0, basis is - 215.0, basis rate is - 4.39%, historical quantile is 24.70%, and the spot reference is the market price (mainstream price) of polyvinyl chloride (SG - 5) in the Changzhou market, China [1]. - Caustic Soda (SH603): Spot price is 1869.0, futures price is 1964.0, basis is - 95.0, basis rate is - 4.85%, historical quantile is 29.20%, and the spot reference is the market price (mainstream price) of caustic soda (32% ion - membrane caustic soda) in the Shandong market, converted to 100% [1]. - LPG (PG2603): Spot price is 4848.0, futures price is 4348.0, basis is 500.0, basis rate is 11.50%, historical quantile is 68.40%, and the spot reference is the market price of liquefied petroleum gas in the Guangzhou region [1]. - Asphalt (BU2603): Spot price is 3210.0, futures price is 3478.0, basis is - 268.0, basis rate is - 7.71%, historical quantile is 4.30%, and the spot reference is the market price (mainstream price) of heavy - traffic asphalt in the Shandong region [1]. - Butadiene Rubber (BR2603): Spot price is 13000.0, futures price is 13390.0, basis is - 390.0, basis rate is 2.91%, historical quantile is 4.60%, and the spot reference is the distribution price of cis - butadiene rubber (Daqing, BR9000) in East China by CNPC [1]. -