1. Report Date - The report is dated June 13, 2025 [4] 2. Data Sources - The data sources include Wind, Mysteel, and the Research Institute of GF Futures [5] 3. Commodity Analysis Ferrous Metals - **Silicon Iron (SF509)**: The basis is 262, the basis rate is 5.07%, and the historical quantile is 87.10%. The spot price is 5428, and the futures price is 5166 [1] - **Silicon Manganese (SM509)**: The basis is 244, the basis rate is 4.50%, and the historical quantile is 62.80%. The spot price is 5670, and the futures price is 5426 [1] - **Rebar (RB2510)**: The basis is 122, the basis rate is 4.11%, and the historical quantile is 55.70%. The spot price is 3090, and the futures price is 2968 [1] - **Hot - Rolled Coil (HC2510)**: The basis is 100, the basis rate is 3.25%, and the historical quantile is 56.30%. The spot price is 3180, and the futures price is 3080 [1] - **Iron Ore (I2509)**: The basis is 29, the basis rate is 7.79%, and the historical quantile is 45.10%. The spot price is 759, and the futures price is 704 [1] - **Coke (J2509)**: The basis is 28, the basis rate is 2.16%, and the historical quantile is 60.09%. The spot price is 1357, and the futures price is 1329 [1] - **Coking Coal (JM2509)**: The basis is 61, the basis rate is 8.02%, and the historical quantile is 38.00%. The spot price is 828, and the futures price is 767 [1] Non - Ferrous Metals - **Copper (CU2507)**: The basis is 465, the basis rate is 0.59%, and the historical quantile is 81.45%. The spot price is 78610, and the futures price is 79075 [1] - **Aluminum (AL2507)**: The basis is 255, the basis rate is 1.25%, and the historical quantile is 92.29%. The spot price is 20395, and the futures price is 20650 [1] - **Alumina (AO2509)**: The basis is 365, the basis rate is 12.61%, and the historical quantile is 89.42%. The spot price is 3260, and the futures price is 2895 [1] - **Zinc (ZN2507)**: The basis is 155, the basis rate is 0.70%, and the historical quantile is 69.37%. The spot price is 22240, and the futures price is 22085 [1] - **Tin (SN2507)**: The basis is 150, the basis rate is 0.06%, and the historical quantile is 51.45%. The spot price is 265300, and the futures price is 265150 [1] - **Nickel (NI2507)**: The basis is 1000, the basis rate is 0.83%, and the historical quantile is 82.29%. The spot price is 121000, and the futures price is 120000 [1] - **Stainless Steel (SS2508)**: The basis is 385, the basis rate is 3.06%, and the historical quantile is 78.75%. The spot price is 12970, and the futures price is 12585 [1] - **Lithium Carbonate (LC2507)**: The basis is 210, the basis rate is 0.35%, and the historical quantile is 49.55%. The spot price is 60650, and the futures price is 60440 [1] - **Industrial Silicon (SI2507)**: The basis is - 695, the basis rate is - 9.32%, and the historical quantile is 48.48%. The spot price is 7455, and the futures price is 8150 [1] Precious Metals - **Gold (AU2508)**: The basis is - 4.8, the basis rate is - 0.61%, and the historical quantile is 5.00%. The spot price is 785.2, and the futures price is 780.4 [1] - **Silver (AG2508)**: The basis is - 49, the basis rate is - 0.56%, and the historical quantile is 6.10%. The spot price is 8819, and the futures price is 8770 [1] Agricultural Products - **Soybean Meal (M2509)**: The basis is - 219, the basis rate is - 7.18%, and the historical quantile is 0.10%. The spot price is 2830, and the futures price is 3049 [1] - **Soybean Oil (Y2509)**: The basis is 182, the basis rate is 2.37%, and the historical quantile is 23.70%. The spot price is 7870, and the futures price is 7688 [1] - **Palm Oil (P2509)**: The basis is 330, the basis rate is 4.12%, and the historical quantile is 64.10%. The spot price is 8340, and the futures price is 8010 [1] - **Rapeseed Meal (RM509)**: The basis is - 134, the basis rate is - 5.01%, and the historical quantile is 10.30%. The spot price is 2540, and the futures price is 2674 [1] - **Rapeseed Oil (O1509)**: The basis is 172, the basis rate is 1.87%, and the historical quantile is 56.40%. The spot price is 9350, and the futures price is 9178 [1] - **Corn (C2507)**: The basis is 18, the basis rate is 0.76%, and the historical quantile is 57.20%. The spot price is 2390, and the futures price is 2372 [1] - **Corn Starch (CS2507)**: The basis is - 10, the basis rate is - 0.37%, and the historical quantile is 9.60%. The spot price is 2710, and the futures price is 2700 [1] - **Live Hogs (LH2509)**: The basis is 300, the basis rate is 2.18%, and the historical quantile is 49.10%. The spot price is 14050, and the futures price is 13750 [1] - **Eggs (JD2508)**: The basis is - 959, the basis rate is - 27.49%, and the historical quantile is 0.10%. The spot price is 2530, and the futures price is 3489 [1] - **Cotton (CF509)**: The basis is 1272, the basis rate is 9.41%, and the historical quantile is 88.30%. The spot price is 14792, and the futures price is 13520 [1] - **Sugar (SR509)**: The basis is 483, the basis rate is 8.55%, and the historical quantile is 85.70%. The spot price is 6130, and the futures price is 5647 [1] - **Apples (AP510)**: The basis is 1024, the basis rate is 13.52%, and the historical quantile is 72.50%. The spot price is 8600, and the futures price is 7576 [1] - **Red Dates (CJ509)**: The basis is - 615, the basis rate is - 6.90%, and the historical quantile is 68.90%. The spot price is 8915, and the futures price is 8300 [1] Energy and Chemicals - **Para - Xylene (PX509)**: The basis is 172.7, the basis rate is 2.64%, and the historical quantile is 77.80%. The spot price is 6708.7, and the futures price is 6536 [1] - **PTA (TA509)**: The basis is 230, the basis rate is 4.98%, and the historical quantile is 83.40%. The spot price is 4850, and the futures price is 4620 [1] - **Ethylene Glycol (EG2509)**: The basis is 136, the basis rate is 3.21%, and the historical quantile is 92.80%. The spot price is 4370, and the futures price is 4234 [1] - **Polyester Staple Fiber (PF507)**: The basis is 148, the basis rate is 2.33%, and the historical quantile is 78.30%. The spot price is 6510, and the futures price is 6362 [1] - **Styrene (EB2507)**: The basis is 407, the basis rate is 5.54%, and the historical quantile is 84.80%. The spot price is 7760, and the futures price is 7353 [1] - **Methanol (MA509)**: The basis is 92, the basis rate is 4.02%, and the historical quantile is 74.20%. The spot price is 2382, and the futures price is 2290 [1] - **Urea (UR509)**: The basis is 94, the basis rate is 5.71%, and the historical quantile is 40.60%. The spot price is 1740, and the futures price is 1646 [1] - **LLDPE (L2509)**: The basis is 58, the basis rate is 0.81%, and the historical quantile is 34.20%. The spot price is 7175, and the futures price is 7117 [1] - **PP (PP2509)**: The basis is 161, the basis rate is 2.31%, and the historical quantile is 62.20%. The spot price is 7130, and the futures price is 6969 [1] - **PVC (V2509)**: The basis is - 106, the basis rate is - 2.20%, and the historical quantile is 51.60%. The spot price is 4826, and the futures price is 4720 [1] - **Caustic Soda (SH209)**: The basis is 417.8, the basis rate is 18.16%, and the historical quantile is 87.50%. The spot price is 2718.8, and the futures price is 2301 [1] - **LPG (PG2507)**: The basis is 457, the basis rate is 11.04%, and the historical quantile is 63.60%. The spot price is 4598, and the futures price is 4141 [1] - **Asphalt (BU2509)**: The basis is 193, the basis rate is 5.47%, and the historical quantile is 82.90%. The spot price is 3720, and the futures price is 3527 [1] - **BR (BR2507)**: The basis is 565, the basis rate is 5.12%, and the historical quantile is 82.40%. The spot price is 11600, and the futures price is 11035 [1] - **Glass (FG509)**: The basis is 981, the basis rate is 4.94%, and the historical quantile is 80.67%. The spot price is 1032, and the futures price is 981 [1] - **Soda Ash (SA509)**: The basis is 45, the basis rate is 3.69%, and the historical quantile is 44.74%. The spot price is 1220, and the futures price is 1175 [1] - **Natural Rubber (RU2509)**: The basis is 265, the basis rate is 1.91%, and the historical quantile is 99.58%. The spot price is 13850, and the futures price is 13585 [1] Financial Futures - **CSI 300 Index Futures (IF2506)**: The basis is - 8.6, the basis rate is - 0.22%, and the historical quantile is 38.10%. The spot price is 3892.2, and the futures price is 3883.6 [1] - **SSE 50 Index Futures (IH2506)**: The basis is - 9.1, the basis rate is - 0.34%, and the historical quantile is 24.60%. The spot price is 2691.3, and the futures price is 2682.2 [1] - **CSI 500 Index Futures (IC2506)**: The basis is - 19.9, the basis rate is - 0.34%, and the historical quantile is 53.90%. The spot price is 5799.9, and the futures price is 5780 [1] - **CSI 1000 Index Futures (IM2506)**: The basis is - 35.4, the basis rate is - 0.58%, and the historical quantile is 36.80%. The spot price is 6192.2, and the futures price is 6156.8 [1] - **2 - Year Treasury Bond Futures (TS2509)**: The basis is - 0.06, the basis rate is - 0.06%, and the historical quantile is 12.30%. The spot price is 102.44, and the futures price is 100.29 [1] - **5 - Year Treasury Bond Futures (TF2509)**: The basis is - 0.01, the basis rate is - 0.01%, and the historical quantile is 25.50%. The spot price is 101.05, and the futures price is 106.14 [1] - **10 - Year Treasury Bond Futures (T2509)**: The basis is 0.21, the basis rate is 0.19%, and the historical quantile is 42.00%. The spot price is 109, and the futures price is 107.64 [1] - **30 - Year Treasury Bond Futures (TL2509)**: The basis is 0.4, the basis rate is 0.33%, and the historical quantile is 57.10%. The spot price is 136.28, and the futures price is 120.47 [1]

Report Summary 1. Report Industry Investment Rating There is no information about the report industry investment rating in the provided content. 2. Core Viewpoints There are no explicit core viewpoints presented in the given text. It mainly provides a comprehensive list of various commodity futures and related data, including spot prices, historical quantiles, basis, and futures prices. 3. Summary by Categories Ferrous Metals - **Silicon Iron (SF509)**: Spot price is 5478, futures price is 5184, basis is 294, basis rate is 5.67%, and historical quantile is 89.20% [1]. - **Silicon Manganese (SM509)**: Spot price is 5700, futures price is 5486, basis rate is 3.90%, and historical quantile is 59.40% [1]. - **Rebar (RB2510)**: Spot price is 3110, futures price is 2991, basis rate is 3.98%, and historical quantile is 54.60% [1]. - **Hot - Rolled Coil (HC2510)**: Spot price is 3200, futures price is 3108, basis rate is 2.96%, and historical quantile is 54.30% [1]. - **Iron Ore (I2509)**: Spot price (converted price of 62.5% Brazilian blended powder) is 759, futures price is 707, basis rate is 7.33%, and historical quantile is 42.60% [1]. - **Coke (J2509)**: Spot price is 1357, futures price is 1356, basis rate is 0.08%, and historical quantile is 45.89% [1]. - **Coking Coal (JM2509)**: Spot price (converted price of S1.3 G75 main coking coal) is 828, futures price is 784, basis rate is 5.68%, and historical quantile is 30.20% [1]. Non - Ferrous Metals - **Copper (CU2507)**: Spot price is 79310, futures price is 79290, basis rate is 0.03%, and historical quantile is 44.16% [1]. - **Aluminum (AL2507)**: Spot price is 20400, futures price is 20250, basis rate is 0.74%, and historical quantile is 83.33% [1]. - **Zinc (ZN2507)**: Spot price is 22230, futures price is 22140, basis rate is 0.41%, and historical quantile is 56.45% [1]. - **Tin (SN2507)**: Spot price is 265800, futures price is 265530, basis rate is 0.10%, and historical quantile is 55.20% [1]. - **Nickel (NI2507)**: Spot price is 121700, futures price is 121790, basis rate is - 0.07%, and historical quantile is 49.58% [1]. - **Stainless Steel (SS2508)**: Spot price is 12970, futures price is 12600, basis rate is 2.94%, and historical quantile is 77.25% [1]. Precious Metals - **Gold (AU2508)**: Spot price is 777.5, futures price is 774.5, basis rate is - 0.39%, and historical quantile is 19.50% [1]. - **Silver (AG2508)**: Spot price is 8882.0, futures price is 8902.0, basis rate is - 0.22%, and historical quantile is 37.40% [1]. Agricultural Products - **Soybean Meal (M2509)**: Spot price is 3047.0, futures price is 2840, basis rate is - 6.79%, and historical quantile is 24.10% [1]. - **Soybean Oil (Y2509)**: Spot price is 7880, futures price is 7694.0, basis rate is 2.42% [1]. - **Palm Oil (P2509)**: Spot price is 8330, futures price is 7970.0, basis rate is 4.52%, and historical quantile is 64.50% [1]. - **Rapeseed Meal (RM509)**: Spot price is 2638.0, futures price is 2530, basis rate is - 4.09%, and historical quantile is 15.70% [1]. - **Rapeseed Oil (O1509)**: Spot price is 9330, futures price is 9149.0, basis rate is 1.98%, and historical quantile is 58.20% [1]. - **Corn (C2507)**: Spot price is 2390, futures price is 2374.0, basis rate is 0.67%, and historical quantile is 56.70% [1]. - **Corn Starch (CS2507)**: Spot price is 2709.0, futures price is 2700, basis rate is - 0.33%, and historical quantile is 9.70% [1]. - **Live Hogs (LH2509)**: Spot price is 14050, futures price is 13600.0, basis rate is 3.31%, and historical quantile is 52.00% [1]. - **Eggs (JD2508)**: Spot price is 3515.0, futures price is 2620, basis rate is - 25.46% [1]. - **Cotton (CF509)**: Spot price is 14702, futures price is 13540.0, basis rate is 8.58%, and historical quantile is 81.70% [1]. - **Sugar (SR509)**: Spot price is 6150, futures price is 5668.0, basis rate is 8.50%, and historical quantile is 85.70% [1]. - **Apples (AP510)**: Spot price is 8600, futures price is 7551.0, basis rate is 13.89%, and historical quantile is 16.20% [1]. - **Red Dates (CJ509)**: Spot price is 8925.0, futures price is 8300, basis rate is - 7.00%, and historical quantile is 31.10% [1]. Energy and Chemicals - **Para - Xylene (PX509)**: Spot price is 6725.0, futures price is 6528.0, basis rate is 3.02%, and historical quantile is 82.90% [1]. - **PTA (TA509)**: Spot price is 4840.0, futures price is 4620.0, basis rate is 4.76%, and historical quantile is 82.90% [1]. - **Ethylene Glycol (EG2509)**: Spot price is 4370.0, futures price is 4285.0, basis rate is 1.98%, and historical quantile is 88.20% [1]. - **Polyester Staple Fiber (PF507)**: Spot price is 6490.0, futures price is 6414.0, basis rate is 1.18%, and historical quantile is 66.40% [1]. - **Styrene (EB2507)**: Spot price is 7760.0, futures price is 7349.0, basis rate is 5.59%, and historical quantile is 85.20% [1]. - **Methanol (MA509)**: Spot price is 2368.0, futures price is 2282.0, basis rate is 3.77%, and historical quantile is 71.90% [1]. - **Urea (UR509)**: Spot price is 1750.0, futures price is 1667.0, basis rate is 4.98%, and historical quantile is 37.50% [1]. - **LLDPE (L2509)**: Spot price is 7165.0, futures price is 7102.0, basis rate is 0.89%, and historical quantile is 36.20% [1]. - **PP (PP2509)**: Spot price is 7130.0, futures price is 6960.0, basis rate is 2.44%, and historical quantile is 64.40% [1]. - **PVC (V2509)**: Spot price is 4832.0, futures price is 4720.0, basis rate is - 2.32%, and historical quantile is 48.90% [1]. - **LPG (PG2507)**: Spot price is 4598.0, futures price is 4130.0, basis rate is 11.33%, and historical quantile is 64.30% [1]. - **Asphalt (BU2509)**: Spot price is 3720.0, futures price is 3461.0, basis rate is 7.48%, and historical quantile is 87.10% [1]. - **Butadiene Rubber (BR2507)**: Spot price is 11600.0, futures price is 11225.0, basis rate is 3.34%, and historical quantile is 68.30% [1]. - **Glass (FG509)**: Spot price is 1032.0, futures price is 998.0, basis rate is 3.29%, and historical quantile is 75.42% [1]. - **Soda Ash (SA509)**: Spot price is 1246.0, futures price is 1202.0, basis rate is 3.53%, and historical quantile is 86.66% [1]. - **Natural Rubber (RU2509)**: Spot price is 13890.0, futures price is 13750.0, basis rate is - 1.02% [1]. Financial Futures - **CSI 300 Index Futures (IF2506)**: Spot price is 3894.6, futures price is 3878.8, basis rate is - 0.41%, and historical quantile is 26.60% [1]. - **SSE 50 Index Futures (IH2506)**: Spot price is 2692.1, futures price is 2682.4, basis rate is - 0.36% [1]. - **CSI 500 Index Futures (IC2506)**: Spot price is 5792.9, futures price is 5761.2, basis rate is - 0.55%, and historical quantile is 39.20% [1]. - **CSI 1000 Index Futures (IM2506)**: Spot price is 6186.5, futures price is 6144.0, basis rate is - 0.69%, and historical quantile is 29.00% [1]. - **2 - Year Treasury Bond Futures (TS2509)**: Spot price is 102.45, futures price is 100.30, basis rate is - 0.06%, and historical quantile is 11.20% [1]. - **5 - Year Treasury Bond Futures (TF2509)**: Spot price is 106.17, futures price is 101.07, basis rate is - 0.02%, and historical quantile is 24.20% [1]. - **10 - Year Treasury Bond Futures (T2509)**: Spot price is 109.04, futures price is 107.64, basis rate is 0.16%, and historical quantile is 36.70% [1]. - **30 - Year Treasury Bond Futures (TL2509)**: Spot price is 136.22, futures price is 120.40, basis rate is 0.35%, and historical quantile is 61.30% [1].

Report Summary Core View The report presents the basis, spot prices, futures prices, basis rates, and historical quantiles of various commodities and financial futures on June 11, 2025, covering multiple sectors such as ferrous metals, non - ferrous metals, precious metals, agricultural products, energy and chemicals, and stock index futures [1]. Summary by Category Ferrous Metals - **Silicon Iron (SF509)**: Spot price is 5528, futures price is 5174, basis is 354, basis rate is 6.84%, and historical quantile is 92.20% [1]. - **Silicon Manganese (SM509)**: Spot price is 5700, futures price is 5542, basis is 158, basis rate is 2.85%, and historical quantile is 51.70% [1]. - **Rebar (RB2510)**: Spot price is 3190, futures price is 3110, basis is 80, basis rate is 2.57%, and historical quantile is 59.60% [1]. - **Hot - Rolled Coil (HC2510)**: Spot price is 3089, futures price is 3033, basis is 56, basis rate is 1.85%, and historical quantile is 56.70% [1]. - **Iron Ore (I2509)**: Spot price (converted price of 62.5% Brazilian mixed powder) is 753, futures price is 745, basis is 8, basis rate is 1.07%, and historical quantile is 45.30% [1]. - **Coke (J2509)**: Spot price (converted price of quasi - first - grade metallurgical coke) is 1357, futures price is 1349, basis is 8, basis rate is 0.60%, and historical quantile is 50.63% [1]. - **Coking Coal (JM2509)**: Spot price (converted price of S1.3 G75 main coking coal) is 838, futures price is 785, basis is 53, basis rate is 6.75%, and historical quantile is 34.50% [1]. Non - Ferrous Metals - **Copper (CU2507)**: Spot price is 79275, futures price is 78880, basis is 395, basis rate is 0.50%, and historical quantile is 77.70% [1]. - **Aluminum (AL2507)**: Spot price is 20160, futures price is 19980, basis is 180, basis rate is 0.90%, and historical quantile is 86.66% [1]. - **Alumina (AO2509)**: Spot price is 3262, futures price is 2886, basis is 376, basis rate is 13.04%, and historical quantile is 90.74% [1]. - **Zinc (ZN2507)**: Spot price is 22090, futures price is 21845, basis is 245, basis rate is 1.12%, and historical quantile is 80.62% [1]. - **Tin (SN2507)**: Spot price is 264800, futures price is 263420, basis is 1380, basis rate is 0.52%, and historical quantile is 82.29% [1]. - **Nickel (NISE07)**: Spot price is 121600, futures price is 121390, basis is 210, basis rate is 0.17%, and historical quantile is 63.54% [1]. - **Stainless Steel (SS2508)**: Spot price is 12870, futures price is 12460, basis is 410, basis rate is 3.29%, and historical quantile is 80.90% [1]. Precious Metals - **Gold (AU2508)**: Spot price is 775.1, futures price is 772.8, basis is - 2.2, basis rate is - 0.29%, and historical quantile is 36.20% [1]. - **Silver (AG2508)**: Spot price is 8887.0, futures price is 8882.0, basis is 5.0, basis rate is 0.06%, and historical quantile is 74.30% [1]. Agricultural Products - **Soybean Meal (M2509)**: Spot price is 3031.0, futures price is 2830, basis is 201.0, basis rate is 7.10%, and historical quantile is 79.60% [1]. - **Soybean Oil (Y2509)**: Spot price is 7960, futures price is 7758.0, basis is 202.0, basis rate is 2.60%, and historical quantile is 26.70% [1]. - **Palm Oil (P2509)**: Spot price is 8490, futures price is 8116.0, basis is 374.0, basis rate is 4.61%, and historical quantile is 65.50% [1]. - **Rapeseed Meal (RM509)**: Spot price is 2629.0, futures price is 2500, basis is 129.0, basis rate is 5.16%, and historical quantile is 11.90% [1]. - **Rapeseed Oil (O1509)**: Spot price is 9380, futures price is 9188.0, basis is 192.0, basis rate is 2.09%, and historical quantile is 59.80% [1]. - **Corn (C2507)**: Spot price is 2380, futures price is 2379.0, basis is 1.0, basis rate is 0.04%, and historical quantile is 48.20% [1]. - **Corn Starch (CS2507)**: Spot price is 2711.0, futures price is 2700, basis is - 11.0, basis rate is - 0.41%, and historical quantile is 9.20% [1]. - **Live Hogs (LH2509)**: Spot price is 14050, futures price is 13595.0, basis is 455.0, basis rate is 3.35%, and historical quantile is 52.30% [1]. - **Eggs (JD2507)**: Spot price is 2833.0, futures price is 2650, basis is 183.0, basis rate is 6.46%, and historical quantile is 15.90% [1]. - **Cotton (CF509)**: Spot price is 14644, futures price is 13520.0, basis is 1124.0, basis rate is 8.31%, and historical quantile is 78.50% [1]. - **Sugar (SR509)**: Spot price is 6170, futures price is 5717.0, basis is 453.0, basis rate is 7.92%, and historical quantile is 82.60% [1]. - **Apples (AP510)**: Spot price is 8600, futures price is 7523.0, basis is 1077.0, basis rate is 14.32%, and historical quantile is 74.80% [1]. - **Red Dates (CJ509)**: Spot price is 8995.0, futures price is 8300, basis is - 695.0, basis rate is - 7.73%, and historical quantile is 65.50% [1]. Energy and Chemicals - **Para - Xylene (PX509)**: Spot price is 6777.2, futures price is 6502.0, basis is 275.2, basis rate is 4.23%, and historical quantile is 93.30% [1]. - **PTA (TA509)**: Spot price is 4865.0, futures price is 4612.0, basis is 253.0, basis rate is 5.49%, and historical quantile is 84.30% [1]. - **Ethylene Glycol (EG2509)**: Spot price is 4365.0, futures price is 4269.0, basis is 96.0, basis rate is 2.25%, and historical quantile is 89.90% [1]. - **Polyester Staple Fiber (PF507)**: Spot price is 6500.0, futures price is 6358.0, basis is 142.0, basis rate is 2.23%, and historical quantile is 77.40% [1]. - **Styrene (EB2507)**: Spot price is 7505.0, futures price is 7346.0, basis is 159.0, basis rate is 2.16%, and historical quantile is 58.90% [1]. - **Methanol (MA509)**: Spot price is 2380.0, futures price is 2276.0, basis is 104.0, basis rate is 4.57%, and historical quantile is 79.30% [1]. - **Urea (UR509)**: Spot price is 1760.0, futures price is 1678.0, basis is 82.0, basis rate is 4.89%, and historical quantile is 37.00% [1]. - **LLDPE (L2509)**: Spot price is 7175.0, futures price is 7106.0, basis is 69.0, basis rate is 0.97%, and historical quantile is 38.20% [1]. - **PP (PP2509)**: Spot price is 7130.0, futures price is 6941.0, basis is 189.0, basis rate is 2.72%, and historical quantile is 67.80% [1]. - **PVC (V2509)**: Spot price is 4810.0, futures price is 4700.0, basis is 110.0, basis rate is 2.29%, and historical quantile is 49.90% [1]. - **Caustic Soda (SH509)**: Spot price is 2750.0, futures price is 2324.0, basis is 426.0, basis rate is 18.33%, and historical quantile is 88.20% [1]. - **LPG (PG2507)**: Spot price is 4548.0, futures price is 4119.0, basis is 429.0, basis rate is 10.42%, and historical quantile is 61.10% [1]. - **Asphalt (BU2509)**: Spot price is 3710.0, futures price is 3483.0, basis is 227.0, basis rate is 6.52%, and historical quantile is 85.40% [1]. - **Butadiene Rubber (BR2507)**: Spot price is 11600.0, futures price is 11230.0, basis is 370.0, basis rate is 3.29%, and historical quantile is 68.30% [1]. - **Glass (FG509)**: Spot price is 1032.0, futures price is 995.0, basis is 37.0, basis rate is 3.59%, and historical quantile is 76.00% [1]. - **Soda Ash (SA509)**: Spot price is 1254.0, futures price is 1208.0, basis is 46.0, basis rate is 3.67%, and historical quantile is 44.84% [1]. - **Natural Rubber (RU2509)**: Spot price is 13850.0, futures price is 13805.0, basis is 45.0, basis rate is 0.32%, and historical quantile is 97.95% [1]. Stock Index Futures - **IF2506.CFE**: Spot price (implied) is 3865.5, futures price is 3841.0, basis is - 24.5, basis rate is - 0.64%, and historical quantile is 11.90% [1]. - **IH2506.CFE**: Spot price (implied) is 2676.4, futures price is 2660.0, basis is - 16.4, basis rate is - 0.62%, and historical quantile is 30.20% [1]. - **IC2506.CFE**: Spot price (implied) is 5758.0, futures price is 5718.2, basis is - 39.8, basis rate is - 0.70%, and historical quantile is 10.00% [1]. - **IM2506.CFE**: Spot price (implied) is 6161.7, futures price is 6113.8, basis is - 47.9, basis rate is - 0.78%, and historical quantile is 26.00% [1]. - **TS2509**: Spot price (implied) is 102.44, futures price is 100.28, basis is - 0.07, basis rate is - 0.07%, and historical quantile is 24.30% [1]. - **TF2509**: Spot price (implied) is 106.12, futures price is 101.02, basis is - 0.02, basis rate is - 0.02%, and historical quantile is 40.70% [1]. - **T2509**: Spot price (implied) is 108.98, futures price is 107.61, basis is 0.20, basis rate is 0.19%, and historical quantile is 55.20% [1]. - **TL2509**: Spot price (implied) is 135.91, futures price is 120.16, basis is 0.39, basis rate is 0.32%, and historical quantile is 55.20% [1]. Industry Investment Rating No industry investment rating is provided in the report.

| 品种/合约 | 现货价格 | 期货价格 | 基差 | 基差率 | 历史分位数 | 现货参考 | | 留注 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 硅铁 (SF507) | 5778 | 5660 | 118 | 2.08% | 74.60% | 折算价:72硅铁合格块:内蒙-天津仓单 | | | | 硅罐(SM509) | 5920 | 5876 | 44 | 0.75% | 33.00% | 折算价:6517硅锰:内蒙-湖北仓单 | | | | 螺纹钢 (RB2510) | 3240 | 3118 | 122 | 3.91% | 56.40% | HRB40020mm:上海 | | | | 热卷 (HC2510) | 3300 | 3260 | 40 | 1.23% | 36.20% | Q235B: 4.75mm: 上海 | | | | 铁矿石 (12509) | 809 | 737 | 73 | 9.90% | 55.70% | 折算价:62.5%巴混粉(BRBF):淡水河谷:日照港 | | | | 焦炭 (J2509) ...

| 硅铁 (SF507) | 5778 | 5678 | 100 | 1.76% | 72.00% | 折算价:72硅铁合格块:内蒙-天津仓单 | 硅罐(SM509) | 56 | 折算价:6517硅锰:内蒙-湖北仓单 | 5920 | 0.95% | 35.70% | 5864 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 123 | 3127 | HRB40020mm:上海 | 3250 | 56.70% | 螺纹钢 (RB2510) | 3.93% | Q235B: 4.75mm: 上海 | 53 | 1.62% | 41.40% | 热卷 (HC2510) | 3320 | 3267 | | | | | | 72 | 809 | 737 | 9.82% | 折算价:62.5%巴混粉(BRBF):淡水河谷:日照港 | 铁矿石 (12509) | 55.40% | -2 | 焦炭 (J2509) | 1480 ...

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints No information provided. 3. Summary by Categories Metal Commodities - **Black Metals**: The price of silicon iron (SF506) futures was 5928, with a 5.00% change compared to the previous period, and the spot price was 5648. The price of silicon manganese (SM509) futures was 5950, up 2.50%. The price of rebar (RB2510) futures was 3129, and the price of hot - rolled coil (HC2510) futures was 3280, up 1.30%. The price of iron ore (I2509) futures fell 2.00% to 1531. The price of coke (J2509) futures decreased, and the price of coking coal (JM2509) futures was 106, with the spot price at 947 and a significant change rate [1]. - **Non - ferrous Metals**: The price of copper (CU2506) futures was 77580, slightly down 0.02% compared to the spot price of 77565. The price of aluminum (AL2506) futures was 19935, and the spot price was 19950. The price of zinc (ZN2506) futures was 22520, and the spot price was 22810. The price of tin (SNSE05) futures was 260570, and the spot price was 260200. The price of nickel (NISEOR) futures was 124690, and the spot price was 124000. The price of stainless steel (SS2506) futures was 12765, and the spot price was 13220. The price of lithium carbonate (LC2507) futures was 66960, and the spot price was 68850. The price of industrial silicon (SI2506) futures was 8800, up 8.52% [1]. - **Precious Metals**: The price of gold (AU2506) futures was 780.0, and the spot price of gold (AU (T + D)) was 778.2, down 0.20%. The price of silver (AG2506) futures was 8168.0, and the spot price of silver (AG (T + D)) was 8173.0, up 0.10% [1]. Agricultural Commodities - The price of soybean meal (M2509) futures was 3460, and the spot price was 2985, with a significant basis rate of 15.91%. The price of soybean oil (Y2509) futures was 8180, and the spot price was 7814. The price of palm oil (P2509) futures was 8174.0, and the spot price was 8820. The price of rapeseed meal (RM509) futures was 2641.0, and the spot price was 2500. The price of rapeseed oil (O1509) futures was 9333.0, and the spot price was 9400. The price of corn (C2507) futures was 2361.0, and the spot price was 2270. The price of corn starch (CS2507) futures was 2721.0, and the spot price was 2630. The price of live pigs (LH2509) futures was 14130.0, and the spot price was 14920. The price of eggs (JD2506) futures was 2981.0, and the spot price was 3290. The price of cotton (CF509) futures was 12950.0, and the spot price was 13998. The price of sugar (SR509) futures was 6260, and the spot price was 5977.0. The price of apples (AP510) futures was 8000, and the spot price was 7910.0. The price of red dates (CJ509) futures was 9070.0, and the spot price was 8300 [1]. Energy and Chemical Commodities - The price of p - xylene (PX509) futures was 6294.0, and the spot price was 6379.9. The price of PTA (TA509) futures was 4480.0, and the spot price was 4580.0. The price of ethylene glycol (EG2509) futures was 4190.0, and the spot price was 4210.0. The price of polyester staple fiber (PF506) futures was 6176.0, and the spot price was 6345.0. The price of styrene (EB2506) futures was 7079.0, and the spot price was 7265.0. The price of methanol (MA509) futures was 2433.0, and the spot price was 2310.0. The price of urea (UR509) futures was 1781.0, and the spot price was 1800.0. The price of LLDPE (L2509) futures was 7500.0, and the spot price was 7164.0. The price of PP (PP2509) futures was 7305.0, and the spot price was 7112.0. The price of PVC (V2509) futures was 4989.0, and the spot price was 4780. The price of caustic soda (SH509) futures was 2441.0, and the spot price was 2437.5. The price of LPG (PG2506) futures was 4409.0, and the spot price was 5148.0. The price of asphalt (BU2506) futures was 3451.0, and the spot price was 3525.0. The price of butadiene rubber (BR2506) futures was 11700.0, and the spot price was 11360.0. The price of glass (FG509) futures was 1136.0. The price of soda ash (SA509) futures was 1364.0, and the spot price was 1339.0. The price of natural rubber (RU2509) futures was 14730.0, and the spot price was 14550.0 [1]. Financial Commodities - For stock index futures, the price of IF2506.CFE futures was 3730.6, and the spot price was 3781.6. The price of IH2506.CFE futures was 2651.2, and the spot price was 2628.0. The price of IC2506.CFE futures was 5598.3, and the spot price was 5471.0. The price of IM2506.CFE futures was 5729.0, and the spot price was 5877.1. For bond futures, the price of 2 - year bond (TS2506) futures was 102.33, and the spot price was 99.31. The price of 5 - year bond (TF2506) futures was 105.93, and the spot price was 101.54. The price of 10 - year bond (T2506) futures was 108.87, and the spot price was 99.18. The price of 30 - year bond (TL2506) futures was 137.55, and the spot price was 120.15 [1].

Report Date - The report is dated April 14, 2025 [3] Core Data Summary Ferrous Metals - Silicon iron (SF506) futures price is 5998, up 2.04% from the previous price, with a historical quantile of 75.80% [1] - Silicon manganese (SM505) futures price is 6070, up 1.91%, historical quantile 44.70% [1] - Rebar (RB2510) futures price change is 0.93%, historical quantile not shown [1] - Hot - rolled coil (HC2510) futures price change is 0.25%, historical quantile not shown [1] - Iron ore (I2509) futures price change and historical quantile are 61.40% and 11.59% respectively [1] - Coke (J2505) futures price is down 1.78%, historical quantile 40.06% [1] - Coking coal (JM2505) futures price is up 20.22%, historical quantile 71.10% [1] Non - ferrous Metals - Copper (CU2505) futures price is 75230, down 0.90%, historical quantile 6.25% [1] - Aluminum (AL2506) futures price is 19695, down 0.58%, historical quantile 17.91% [1] - Alumina (AO2505) futures price is 2763, up 3.86%, historical quantile 56.59% [1] - Zinc (ZN2506) futures price is 22660, up 0.18%, historical quantile 53.54% [1] - Tin (SN2505) futures price is 257450, down 1.42%, historical quantile 3.54% [1] - Nickel (NI2505) futures price is 121300, down 0.58%, historical quantile 24.58% [1] - Stainless steel (SS2506) futures price is 13370, up 5.28%, historical quantile 95.07% [1] - Industrial silicon (SI2505) futures price is 10100, up 6.82%, historical quantile 50.62% [1] - Lithium carbonate (LC2505) futures price is 71600, up 1.91%, historical quantile 63.39% [1] Precious Metals - Gold (AU2506) futures price is 757.8, up 0.06%, historical quantile 96.80% [1] - Silver (AG2506) futures price is 7970.0, up 0.18%, historical quantile 96.90% [1] Agricultural Products - Soybean meal (M2509) futures price is 3120, up 1.23%, historical quantile 25.00% [1] - Soybean oil (Y2509) futures price is 7680.0, up 3.65%, historical quantile 35.80% [1] - Palm oil (P2505) futures price is 8748.0, up 5.17%, historical quantile 67.80% [1] - Rapeseed meal (RM509) futures price is 2690.0, down 5.95%, historical quantile 5.00% [1] - Rapeseed oil (OI505) futures price is 9310.0, up 0.43%, historical quantile 20.10% [1] - Corn (C2505) futures price is 2220, down 2.20%, historical quantile 21.20% [1] - Corn starch (CS2507) futures price is 2663.0, down 0.49%, historical quantile 8.60% [1] - Live hog (LH2509) futures price is 14345.0, up 3.17%, historical quantile 57.10% [1] - Eggs (JD2505) futures price is 3137.0, down 0.22%, historical quantile 30.60% [1] - Cotton (CF505) futures price is 12810.0, up 10.97%, historical quantile 91.30% [1] - Sugar (SR505) futures price is 6086.0, up 2.04%, historical quantile 35.10% [1] - Apples (AP505) futures price is 7600, down 5.70%, historical quantile 5.60% [1] - Red dates (CJ505) futures price is 9020.0, down 6.87%, historical quantile 70.00% [1] Energy and Chemicals - Paraxylene (PX505) futures price is 6136.0, up 1.35%, historical quantile 58.90% [1] - PTA (TA505) futures price is 4358.0, down 1.33%, historical quantile 31.00% [1] - Ethylene glycol (EG2505) futures price is 4279.0, up 1.54%, historical quantile 86.20% [1] - Polyester staple fiber (PF506) futures price is 6136.0, up 2.59%, historical quantile 79.90% [1] - Styrene (EB2505) futures price is 7520.0, up 0.73%, historical quantile 39.80% [1] - Methanol (MA505) futures price is 2392.0, up 4.10%, historical quantile 77.30% [1] - Urea (UR505) futures price is 1910.0, up 2.14%, historical quantile 22.90% [1] - LLDPE (L2509) futures price is 7252.0, up 3.90%, historical quantile 84.90% [1] - PP (PP2509) futures price is 7189.0, up 1.54%, historical quantile 53.30% [1] - PVC (V2505) futures price is 4930.0, down 2.23%, historical quantile 49.00% [1] - Caustic soda (SH202) futures price is 2361.0, up 3.24%, historical quantile 65.80% [1] - LPG (PG2505) futures price is 5298.0, up 20.57%, historical quantile 92.50% [1] - Asphalt (BU2506) futures price is 3425.0, up 3.32%, historical quantile 75.70% [1] - Butadiene rubber (BR2505) futures price is 11775.0, up 1.91%, historical quantile 58.50% [1] - Glass (FG505) futures price is 1152.0, up 0.52%, historical quantile 64.00% [1] - Soda ash (SA505) futures price is 1347.0, up 1.48%, historical quantile 31.36% [1] - Natural rubber (RU2509) futures price is 14995.0, down 3.77%, historical quantile 68.95% [1] Financial Futures - CSI 300 (IF2506) futures price is 3686.6, down 1.73%, historical quantile 3.40% [1] - SSE 50 (IH2506) futures price is 2619.6, down 0.92% [1] - CSI 500 (IC2504) futures price is 5555.8, down 0.46%, historical quantile 46.80% [1] - CSI 1000 (IM2506) futures price is 5672.2, down 3.35%, historical quantile 6.00% [1] - 2 - year Treasury bond (TS2506) futures price is 102.66, down 0.24% [1] - 5 - year Treasury bond (TF2506) futures price is 106.41, up 0.03%, historical quantile 13.50% [1] - 10 - year Treasury bond (T2506) futures price is 108.99, up 0.03% [1] - 30 - year Treasury bond (TL2506) futures price is 136.90, up 0.13%, historical quantile 18.00% [1]