全品种价差日报-20260205

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core View The report presents the spot prices, futures prices, basis, basis rates, historical quantiles, and spot references of various commodities across multiple sectors, including ferrous metals, non - ferrous metals, precious metals, agricultural products, energy and chemical products, and financial futures. It offers a comprehensive view of the current price relationships and historical positions of these commodities in the market [1]. 3. Summary by Category Ferrous Metals - Silicon Iron (SF603): Spot price is 5698, futures price is 5654, basis is 44, basis rate is 0.78%, historical quantile is 60.60%, 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 5920, futures price is 5868, basis is 55, basis rate is 0.89%, historical quantile is 35.70%, 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 3230, futures price is 3110, basis is 120, basis rate is 3.86%, historical quantile is 53.40%, and the spot reference is HRB400 20mm in Shanghai [1]. - Hot - Rolled Coil (HC2605): Spot price is 3260, futures price is 3274, basis is - 14, basis rate is - 0.43%, historical quantile is 13.00%, and the spot reference is Q235B 4.75mm in Shanghai [1]. - Iron Ore (I2605): Spot price is 836, futures price is 782, basis is 54, basis rate is 7.01%, historical quantile is 44.00%, 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 1745, futures price is 1770, basis is - 25, basis rate is - 1.41%, historical quantile is 50.63%, 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 1209, basis is - 53, basis rate is - 4.38%, historical quantile is 25.30%, 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 104405, futures price is 105160, basis is - 755, basis rate is - 0.72%, historical quantile is 7.91%, and the spot reference is the SMM electrolytic copper average price with an SMM opening discount of - 100 [1]. - Aluminum (AL2603): Spot price is 23760, futures price is 23955, basis is - 195, basis rate is - 0.181%, historical quantile is 11.45%, and the spot reference is the SMM A00 aluminum average price with an SMM opening discount of - 210 [1]. - Alumina (AO2605): Spot price is 2620, futures price is 2824, basis is - 204, basis rate is - 7.23%, historical quantile is 5.28%, and the spot reference is the SMM alumina index average price [1]. - Zinc (ZN2603): Spot price is 24830, futures price is 24885, basis is - 55, basis rate is - 0.22%, historical quantile is 52.08%, and the spot reference is the SMM 1 zinc ingot average price with an SMM opening discount of - 45 [1]. - Tin (SN2603): Spot price is 395050, futures price is 392080, basis is 2970, basis rate is 0.76%, historical quantile is 93.75%, and the spot reference is the SMM 1 tin average price with an SMM opening discount of 150 [1]. - Nickel (NI2603): Spot price is 136800, futures price is 137680, basis is - 880, basis rate is - 0.164%, historical quantile is 18.12%, and the spot reference is the SMM 1 imported nickel average price with an SMM opening discount of - 100 [1]. - Stainless Steel (SS2603): Spot price is 14320, futures price is 13825, basis is 495, basis rate is 3.58%, historical quantile is 88.62%, and the spot reference is 304/2B:21240C from Wuxi Hongwang (including trimming fees) [1]. - Lithium Carbonate (LC2605): Spot price is 153000, futures price is 147220, basis is 5780, basis rate is 3.93%, historical quantile is 98.67%, and the spot reference is the SMM battery - grade lithium carbonate average price [1]. - Industrial Silicon (SI2605): Spot price is 9350, futures price is 8850, basis is 500, basis rate is 5.55%, historical quantile is 32.08%, and the spot reference is the SMM future flux 21553032 [1]. Precious Metals - Gold (AU2604): Spot price is 1140.0, futures price is 1141.7, basis is - 1.7, basis rate is - 0.10%, historical quantile is 50.20%, and the spot reference is the Shanghai Gold Exchange gold spot AU (T + D) [1]. - Silver (AG2604): Spot price is 23560.0, futures price is 23511.0, basis is 49.0, basis rate is 0.20%, historical quantile is 96.40%, and the spot reference is the Shanghai Gold Exchange silver spot AG (T + D) [1]. Agricultural Products - Soybean Meal (M2605): Spot price is 3010, futures price is 2723.0, basis is 287.0, basis rate is 10.54%, historical quantile is 69.30%, and the spot reference is the ex - factory price of common protein soybean meal in Zhangjiagang, Jiangsu [1]. - Soybean Oil (Y2605): Spot price is 8430, futures price is 8140.0, basis is 290.0, basis rate is 3.56%, historical quantile is 56.40%, and the spot reference is the ex - factory price of grade - four soybean oil in Zhangjiagang, Jiangsu [1]. - Palm Oil (P2605): Spot price is 9070, futures price is 9138.0, basis is - 68.0, basis rate is - 0.74%, historical quantile is 6.50%, and the spot reference is the delivery price of 24 - degree palm oil at Huangpu Port [1]. - Rapeseed Meal (RM605): Spot price is 2400, futures price is 2247.0, basis is 153.0, basis rate is 6.81%, historical quantile is 76.50%, and the spot reference is the ex - factory price of rapeseed meal in Zhanjiang, Guangdong [1]. - Rapeseed Oil (Oleos): Spot price is 10010, futures price is 9243.0, basis is 767.0, basis rate is 8.30%, 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 2335, futures price is 2263.0, basis is 72.0, basis rate is 3.18%, historical quantile is 37.50%, and the spot reference is the flat - hatch price of corn at Xuzhou Port [1]. - Corn Starch (CS2603): Spot price is 2630, futures price is 2510.0, basis is 120.0, basis rate is 4.78%, historical quantile is 60.50%, and the spot reference is the ex - factory price of corn starch in Changchun, Jilin [1]. - Live Hogs (H2603): Spot price is 12300, futures price is 11735.0, basis is 565.0, basis rate is 4.81%, historical quantile is 60.00%, and the spot reference is the ex - farm price of live hogs (outer ternary) in Henan [1]. - Eggs (JD2603): Spot price is 3690, futures price is 2945.0, basis is 745.0, basis rate is 25.30%, historical quantile is 82.00%, and the spot reference is the ex - farm price of eggs in Shijiazhuang, Hebei [1]. - Cotton (CF605): Spot price is 15750, futures price is 14680.0, basis is 1070.0, basis rate is 7.29%, historical quantile is 67.40%, and the spot reference is the market price of cotton in Xinjiang [1]. - Sugar (SR605): Spot price is 5360, futures price is 5210.0, basis is 150.0, basis rate is 2.88%, historical quantile is 23.30%, and the spot reference is the spot price of white sugar at Liuzhou Station, Guangxi [1]. - Apples (AP605): Spot price is 9400, futures price is 9594.0, basis is - 194.0, basis rate is - 2.02%, historical quantile is 15.50%, and the spot reference is the apple delivery theoretical price (daily/Steel Union) [1]. - Red Dates (CJ605): Spot price is 8000, futures price is 8905.0, basis is - 905.0, basis rate is - 10.16%, historical quantile is 45.70%, and the spot reference is the wholesale price of first - grade grey dates in Hebei (Steel Union) [1]. Energy and Chemical Products - Para - Xylene (PX605): Spot price is 7213.0, futures price is 7296.0, basis is - 83.0, basis rate is - 1.14%, historical quantile is 13.60%, and the spot reference is the spot price (CFR) of para - xylene at the Chinese main port converted into RMB [1]. - PTA (TA605): Spot price is 5150.0, futures price is 5218.0, basis is - 68.0, basis rate is - 1.30%, historical quantile is 30.70%, 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 3675.0, futures price is 3788.0, basis is - 113.0, basis rate is - 2.98%, historical quantile is 15.30%, 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 6575.0, futures price is 6560.0, basis is 15.0, basis rate is 0.23%, historical quantile is 47.60%, 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 7925.0, futures price is 7777.0, basis is 148.0, basis rate is 1.90%, historical quantile is 57.40%, and the spot reference is the market price (spot benchmark price) of styrene in East China, China [1]. - Methanol (MA605): Spot price is 2225.0, futures price is 2279.0, basis is - 54.0, basis rate is - 2.37%, historical quantile is 11.20%, and the spot reference is the market price (spot benchmark price) of methanol in Taicang, Jiangsu, China [1]. - Urea (UR605): Spot price is 1770.0, futures price is 1787.0, basis is - 17.0, basis rate is - 0.95%, historical quantile is 12.30%, and the spot reference is the market price (mainstream price) of small - particle urea in Shandong [1]. - LLDPE (L2605): Spot price is 6740.0, futures price is 6918.0, basis is - 178.0, basis rate is - 2.57%, historical quantile is 0.70%, 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 6760.0, futures price is 6801.0, basis is - 41.0, basis rate is - 0.60%, historical quantile is 16.40%, and the spot reference is the duty - paid self - pick - up price (mid - price) of polypropylene PP (draw - grade, melt index 2 - 4) in Zhejiang [1]. - PVC (V2605): Spot price is 4900.0, futures price is 5155.0, basis is - 255.0, basis rate is - 4.95%, historical quantile is 16.10%, 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 1843.8, futures price is 1978.0, basis is - 134.3, basis rate is - 6.79%, historical quantile is 25.90%, 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 4798.0, futures price is 4251.0, basis is 547.0, basis rate is 12.87%, historical quantile is 72.50%, and the spot reference is the market price of liquefied petroleum gas in the Guangzhou region [1]. - Asphalt (BU2603): Spot price is 3250.0, futures price is 3361.0, basis is - 111.0, basis rate is - 3.30%, historical quantile is 28.00%, and the spot reference is the market price (mainstream price) of asphalt (heavy - traffic asphalt) in Shandong [1]. - **Butadiene Rubber (BR26