免责声明: 以上内容所依据的信息均来源于交易所、媒体及资讯公司等发布的公开资料或通过合法授权渠道向发布人取得的资讯，我们力求分析及建议内 容的客观、公正，研究方法专业审慎，分析结论合理，但公司对信息来源的准确性和完整性不作任何保证，也不保证所依据的信息和建议不会 锌 当月合约-现货 次月合约-现货 价差 -310 -25 理论价差 74 198 铅 当月合约-现货 次月合约-现货 价差 95 205 理论价差 105 219 跨品种套利跟踪 2025/07/11 铜/锌 铜/铝 铜/铅 铝/锌 铝/铅 铅/锌 沪（三连） 3.51 3.80 4.55 0.92 1.20 0.77 伦（三连） 3.49 3.72 4.75 0.94 1.28 0.74 发生任何变化。且全部分析及建议内容仅供参考，不构成对您的任何投资建议及入市依据，客户应当自主做出期货交易决策，独立承担期货交 易后果，凡据此入市者，我公司不承担任何责任。未经公司授权，不得随意转载、复制、传播本网站中所有研究分析报告、行情分析视频等全 部或部分材料、内容。对可能因互联网软硬件设备故障或失灵、或因不可抗力造成的全部或部分信息中断、延迟、遗漏、误导或 ...

⑥国际油价走弱，美油主力合约收跌2.21%，报66.87美元/桶；布伦特原油主力合约跌1.91%，报68.85美 元/桶； ⑦纽约尾盘，美元指数涨0.10%报97.59，离岸人民币对美元上涨70个基点报7.1783； ⑧伦敦基本金属多数上涨，LME期镍涨2.04%报15285.00美元/吨，LME期锌涨1.26%报2777.00美元/吨， LME期铜涨0.53%报9682.00美元/吨，LME期锡涨0.50%报33450.00美元/吨，LME期铝涨0.37%报2606.00 美元/吨，LME期铅跌0.92%报2037.00美元/吨； ①美国三大股指小幅收涨，道指涨0.43%，标普500指数涨0.27%，纳指涨0.09%； ②大型科技股涨跌不一，特斯拉涨超4%，英伟达涨0.75%，苹果涨0.6%，谷歌涨0.57%，亚马逊跌 0.13%，微软跌0.4%，脸书跌0.76%； ③中概股多数上涨，中通快递涨超9%，贝壳涨逾6%，大全新能源涨超6%，蔚来涨逾6%，小马智行涨 超6%。跌幅方面，脑再生跌逾4%，世纪互联跌超2%，金山云跌逾2%，网易跌逾2%； ④欧洲三大股指收盘涨跌不一，德国DAX指数跌0.38%，法国CA ...

Group 1 - The core viewpoint of the article highlights that copper prices have risen for the first time in six trading days, following the upward trend of U.S. copper prices, raising questions about the sustainability of this optimism [1] - There are concerns regarding potential challenges in Chile's copper exports, which may impact the overall copper market [1]

生猪日报 | 2025-07-11 另存为PDF 【期价震荡调整】 【市场动态】 1、7月10日，生猪注册仓单447手； 2、短期现货继续下跌空间有限，且中期看生猪基本面矛盾不大，LH2509合约震 荡调整； 3、主力合约（LH2509）今日增仓2765手，持仓约7万手，最高价14445元/吨， 最低价14205元/吨，收盘于14375元/吨。 【基本面分析】 1、能繁母猪存栏量看，3-12月生猪供应量有望逐月增加，但幅度有限。仔猪数 据看，2025年二三季度生猪出栏量整体震荡增加；需求端来看，上半年较下半 年相比属需求淡季，下半年属需求旺季； 2、 从历史情况和现下基本面来看，肥标差或震荡调整； 2）近期生猪现货市场表现为"体重降-猪价稳"的良性关系，说明需求端对猪 价也有一定支撑，猪价难出现明显下跌；且150Kg与标猪价差企稳反弹，也会削 弱散户群体的降重意愿，给猪价以一定支撑； 3）2509合约对价格洼地已几近平水，且短期猪价涨跌幅度都有限，建议暂时观 望。 作者： 史香迎 生猪分析师 期货从业资格：F03086321 交易咨询资格：Z0019355 3、市场多空逻辑： 空头：①养殖端降重缓慢，供应压力 ...

Group 1 - The Shanghai International Energy Exchange's crude oil futures contract 2508 closed down by 1.44%, settling at 512.80 RMB per barrel [1] - The Shanghai gold futures market saw a slight increase, with night trading up by 0.07% [1] - Shanghai silver futures experienced a more significant rise, increasing by 1.45% during night trading [1]

Core Viewpoint - NYMEX natural gas futures for August closed down by 0.09%, settling at $3.3370 per million British thermal units [1] Group 1: Natural Gas - NYMEX August natural gas futures decreased by 0.09% [1] - The closing price for natural gas futures was $3.3370 per million British thermal units [1] Group 2: Other Commodities - NYMEX August gasoline futures closed at $2.1524 per gallon [1] - NYMEX August heating oil futures settled at $2.3835 per gallon [1]

Core Viewpoint - The "insurance + futures" model has been highlighted as a successful case in agricultural risk management, showcasing China's innovative financial practices in the World Economic Forum's white paper on food and water resource innovation in Asia and the Middle East [1][4]. Group 1: Project Overview - The project initiated by Cargill in collaboration with the World Food Programme and local government aims to enhance agricultural productivity and farmer income while promoting sustainable food security [2]. - Over three years, the "insurance + futures" model has provided over 1.5 million yuan in compensation to local farmers, significantly exceeding traditional agricultural insurance coverage [2][3]. Group 2: Agricultural Innovations - The implementation of the water and fertilizer integration technology has led to a 10.8% increase in crop yield in 2023 and a 7.96% increase in 2024, with water savings of up to 30.7% and a reduction in fertilizer usage by over 20% [3]. - The project not only provides technical and financial support but also instills a risk management and sustainable development mindset among farmers [3]. Group 3: Financial Model Impact - The "insurance + futures" model, established in 2015, has provided over 200 billion yuan in risk protection for more than 7 million farming households, demonstrating its effectiveness in transforming agricultural risk management and supporting rural financial services [4]. - The model is evolving into a standardized operation with the introduction of the first industry normative document by the China Futures Association, promoting a comprehensive financial support system for agriculture [4]. Group 4: Global Recognition - The "insurance + futures" model has gained attention beyond China, evolving from a nascent concept to a widely recognized financial practice that offers a replicable model for global agricultural risk management [5].

证券代码：603185 证券简称：弘元绿能 公告编号：2025-035 弘元绿色能源股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： ●交易目的：为了降低原材料及产品价格波动对弘元绿色能源股份有限公司 （以下简称"公司"）生产经营造成的潜在风险，公司拟开展期货套期保值交易， 充分利用期货的套期保值功能，减少因原材料及产品价格波动对公司经营业绩的 影响，提升公司生产经营管理水平和抵御风险能力。 ●交易品种及方式：公司及子公司拟开展的原材料期货套期保值业务的品种 仅限于与公司生产经营相关的大宗商品材料及产品（包括但不限于工业硅、多晶 硅、铝、铜、锡、铅、银等）。 ●交易金额：任一时点占用的保证金最高额度不超过人民币 13 亿元，上述 额度在投资期限内可循环滚动使用。 ●履行的审议程序：公司于 2025 年 7 月 7 日、2025 年 7 月 10 日分别召开第 四届董事会审计委员会第十二次会议、第四届董事会第三十次会议，审议通过了 《关于开展期货套期保值业务的议案》。根据《上海证券交易所股票上市 ...

Group 1 - The domestic futures market showed a mixed performance with the main contracts mostly rising, indicating a positive sentiment in the market [1] - Coking coal and glass prices increased by over 2%, reflecting strong demand or supply constraints in these sectors [1] - Iron ore, hot-rolled coil, coking coal, rebar, rubber, rapeseed meal, soda ash, synthetic rubber, and No. 20 rubber all saw increases of over 1%, suggesting a broad-based rally in commodity prices [1] Group 2 - Fuel oil experienced a decline of over 1%, indicating potential weakness in that segment of the market [1] - Short fibers also fell by nearly 1%, which may suggest a decrease in demand or oversupply in that category [1]

美国天然气期货日内涨超3.00%，现报3.312美元/百万英热。 ...