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股指期货价差日报-20250911
Guang Fa Qi Huo· 2025-09-11 08:50
1. Report Industry Investment Rating - No industry investment rating information is provided in the reports. 2. Core Views - The reports mainly present the daily data of stock index futures spreads, treasury bond futures spreads, precious metals spot - futures, container shipping industry, and capital flow and key positions changes, including the latest values, changes compared with the previous day, historical quantiles, etc., to help investors understand the market trends and price relationships of different financial products [1][2][3][5]. 3. Summary by Related Catalogs Stock Index Futures Spreads - **Price - Spot Spreads**: IF price - spot spread is - 12.96, down 2.91; IH is - 1.79, up 1.44; IC is - 12.54, down 68.71; IM is - 79.17, down 18.94 [1]. - **Inter - period Spreads**: Different contracts' inter - period spreads show various changes, such as IF's far - month to current - month spread is - 54.20, down 7.20 [1]. - **Cross - variety Ratios**: Ratios like CSI 500/CSI 300, IC/IF also have specific values and changes, e.g., CSI 500/CSI 300 is 1.5594, down 0.0025 [1]. Treasury Bond Futures Spreads - **IRR and Basis**: TS IRR is 1.4442, down 0.0180; TF basis is 1.3160; T basis is 1.0310 [2]. - **Inter - period Spreads**: For example, TS's current - season to next - season spread is 0.0300, down 0.0040 [2]. - **Cross - variety Spreads**: TS - TF is - 3.0750, up 0.1170 [2]. Precious Metals Spot - Futures - **Futures Closing Prices**: Domestic AU2510 contract is 833.42 yuan/g, down 1.06; AG2510 contract is 9796 yuan/kg, down 50. Foreign COMEX gold is 3680.40 dollars/ounce, up 16.60 [3]. - **Spot Prices**: London gold is 3639.81 dollars/ounce, up 15.64; Shanghai Gold Exchange's gold T + D is 829.72 yuan/g, down 2.19 [3]. - **Basis**: Gold TD - Shanghai gold main contract is - 3.70, down 1.13; silver TD - Shanghai silver main contract is - 12, down 13 [3]. - **Ratios, Rates, and Other Data**: COMEX gold/silver ratio is 88.36, down 0.23; 10 - year US Treasury yield is 4.04%, down 0.04% [3]. Container Shipping Industry - **Spot Quotes**: For Shanghai - Europe routes, MAERSK's rate is 1786 dollars/FEU, down 65 [5]. - **Shipping Indexes**: SCFIS (European route) settlement price index is 1566.46, down 207.1; SCFI (European) is 1315 dollars/TEU, down 166.0 [5]. - **Futures Prices and Basis**: EC2602 contract price is 1527.4, unchanged; the basis of the main contract is 132.0, down 207.1 [5]. - **Fundamental Data**: Global container shipping capacity supply is 3299.69 FTEU, unchanged; Shanghai port on - time rate is 32.58%, down 1.99% [5]. Capital Flow and Key Positions Changes - No valid data is provided in the given report for this part.
广发期货《金融》日报-20250902
Guang Fa Qi Huo· 2025-09-02 05:33
Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the reports. 2. Core Views The reports present a comprehensive analysis of various futures markets, including stock index futures, bond futures, precious metals futures, container shipping futures, and also provide information on trading calendars and potential data releases. They offer detailed data on price changes, spreads, ratios, and related market indicators for different futures products, which can help investors understand market trends and potential investment opportunities. 3. Summary by Directory Stock Index Futures - **Price and Spread Data**: The report provides detailed data on the price differences between futures and spot prices, as well as inter - period spreads for different stock index futures such as IF, IH, IC, and IM. For example, the IF spot - futures spread is - 22.55, down 13.11 from the previous day [1]. - **Historical Percentiles**: It also includes historical 1 - year and full - history percentiles of these spreads, which can help investors assess the relative position of current spreads in historical data. For instance, the historical 1 - year percentile of the IF spot - futures spread is 31.40% [1]. Bond Futures - **IRR and Basis**: Data on the implied repo rate (IRR) and basis for different bond futures (TS, TF, T, TL) are presented. For example, the TS IRR is 1.5138, down 0.0400 from the previous day, and the T basis is 1.3586, up 0.3549 [2]. - **Inter - period and Cross - product Spreads**: Inter - period spreads (e.g., current quarter - next quarter) and cross - product spreads (e.g., TS - TF) are provided, along with their historical percentiles, which can assist investors in analyzing the relative value between different bond futures contracts [2]. Precious Metals Futures - **Price Changes**: The report shows price changes in domestic and foreign precious metals futures, spot prices, and related spreads. For example, the AU2510 contract price increased by 1.97% from August 29th to September 1st, and the COMEX gold price rose by 1.13% [4]. - **Basis and Ratio Analysis**: It also includes basis data (e.g., gold TD - Shanghai gold main contract) and ratio analysis (e.g., COMEX gold/silver ratio), which can help investors understand the relationship between different precious metals prices [4]. Container Shipping Futures - **Spot and Index Data**: Spot quotes for container shipping from Shanghai to Europe by different shipping companies are provided, along with various container shipping indices such as SCFIS and SCFI. For example, the MAERSK Shanghai - Europe freight rate decreased by 1.74% from September 1st to September 2nd [6]. - **Futures Prices and Basis**: Futures prices of different container shipping contracts (e.g., EC2602, EC2510) and their basis are presented, which can help investors analyze the relationship between futures and spot prices in the container shipping market [6]. Trading Calendar - **Data and Event Schedule**: The report lists overseas and domestic economic data and events to be released on September 2nd, 2025. Overseas events include euro - zone CPI data and US manufacturing PMI data, while domestic events cover inventory and production data for various commodities such as manganese ore, iron ore, and glass [7].
广发期货《农产品》日报-20250902
Guang Fa Qi Huo· 2025-09-02 05:25
Report Industry Investment Ratings No relevant information provided. Core Views of the Reports Fats and Oils Industry - Palm oil futures are expected to return to 4500 ringgit, and the domestic palm oil futures may gradually rise after the adjustment, with a view of near - term weakness and long - term strength. US soybean oil has a downward space in the short term, while domestic soybean oil may see a decrease in inventory and a rise in the spot basis in the future [1]. Corn Industry - The short - term corn futures are in a rebound and consolidation stage, and the medium - term situation remains weak. It is advisable to consider shorting on rallies [2]. Sugar Industry - The international raw sugar is expected to consolidate in the 15 - 17 cents/pound range. The domestic sugar price will maintain a wide - range oscillation, and the 01 contract is expected to oscillate narrowly around 5500 - 5700 [7]. Cotton Industry - The cotton price center has risen, but there is no obvious upward driving force. It is expected to maintain a high - level oscillation in the range of 13500 - 14500 yuan/ton [8]. Pig Industry - The spot price of pigs is stabilizing with slight fluctuations. It is recommended to wait and see, and pay attention to the support levels of the 11 and 01 contracts [9]. Meal Industry - The domestic meal prices have limited downward space. It is advisable to wait for the market to stabilize and then go long at low levels in the 3000 - 3050 range [11]. Egg Industry - Egg prices may rebound in early September, but the overall increase is limited, maintaining a bearish view [15]. Summary by Related Catalogs Fats and Oils Industry - **Price Changes**: On August 29, Y2601 decreased by 0.52%, and the palm oil futures price also showed certain fluctuations. The price of soybean oil and palm oil in the spot market also changed to different degrees [1]. - **Fundamentals**: Malaysian palm oil production growth is lower than export growth, and the market expects limited inventory growth at the end of August. The US biodiesel policy for soybean oil is unclear, and the domestic demand for soybean oil is improving [1]. Corn Industry - **Price Changes**: On September 1, 2025, the price of corn 2511 increased by 0.27%, and the price of corn starch 2511 increased by 0.32%. The spot prices and spreads also changed [2]. - **Fundamentals**: Northeast corn traders have insufficient inventory, but there is supplementary auction grain. Spring corn in North China is gradually on the market, and the new - season corn has a large expected increase in production. The demand side has relatively sufficient inventory and weak purchasing enthusiasm [2]. Sugar Industry - **Price Changes**: On September 1, 2025, the price of sugar 2601 increased by 0.04%, and the price of ICE raw sugar decreased by 0.97%. The spot prices and spreads also changed [7]. - **Fundamentals**: The supply of raw sugar is expected to increase, but the Brazilian sugar production may be revised down. The 09 contract is affected by beet warehouse receipts, and the demand side is relatively stable during the double festivals [7]. Cotton Industry - **Price Changes**: On September 1, 2025, the price of cotton 2509 increased by 0.73%, and the price of cotton 2601 increased by 1.21%. The spot prices and spreads also changed [8]. - **Fundamentals**: The supply of new cotton is yet to be verified, the inventory is relatively tight before the new cotton is on the market, the demand has improved marginally since August, but the downstream improvement is not obvious [8]. Pig Industry - **Price Changes**: On September 1, 2025, the price of live pigs 2511 decreased by 0.26%, and the price of live pigs 2601 decreased by 0.50%. The spot prices and spreads also changed [9]. - **Fundamentals**: The spot price of pigs is stabilizing, the slaughter volume has increased, and the market demand is expected to improve with the approach of the school season and cooler weather, but there may be a wave of concentrated slaughter before the double festivals [9]. Meal Industry - **Price Changes**: On September 1, 2025, the price of soybean meal M2601 increased by 0.53%, and the price of rapeseed meal RM2601 increased by 1.21%. The spot prices, spreads, and crushing margins also changed [11]. - **Fundamentals**: The expected high yield of US soybeans suppresses the market, the Sino - US negotiation has no substantial progress, and the domestic supply concern has eased [11]. Egg Industry - **Price Changes**: On September 1, 2025, the price of egg 09 contract increased by 0.28%, and the price of egg 10 contract increased by 0.31%. The spot prices, spreads, and related indicators also changed [14]. - **Fundamentals**: The number of newly - opened laying hens in September may decrease, and the demand will weaken after the Mid - Autumn Festival [15].
《金融》日报-20250827
Guang Fa Qi Huo· 2025-08-27 02:33
Report Industry Investment Rating No relevant content provided. Core Viewpoints No clear core viewpoints presented in the provided reports. Summary by Related Catalogs 1. Stock Index Futures Spread Daily Report - **Futures - Spot Spread**: IF futures - spot spread is -3.59, down 8.97 from the previous day; IH is 1.02, down 1.12; IC is -47.67, down 5.37; IM is -61.07, up 4.46 [1]. - **Inter - Delivery Spread**: For example, IF's next - to - current month spread is -7.40, down 4.40; H's is -20.40, down 3.20 [1]. - **Cross - Variety Ratio**: Ratios like CSI 500/CSI 300 is 1.5640, up 0.0085; IC/IF is 1.5546, up 0.0104 [1]. 2. Treasury Bond Futures Spread Daily Report - **Basis**: IRR for 15 - bond is 1.4476, down 0.0217; TF basis is 1.2758, up 0.0468; T basis is 0.9147, up 0.5196; TL basis is 0.5493, up 0.9191 [2]. - **Inter - Delivery Spread**: TS's current - to - next quarter spread is -0.0720, up 0.0040; TF's is 0.1750, down 0.0350; T's is 0.4500, down 0.0100 [2]. - **Cross - Variety Spread**: TS - TF is -3.1600, down 0.0460; TS - T is -5.5950, down 0.0610; TF - T is -2.4350, down 0.0150 [2]. 3. Precious Metals Spot - Futures Daily Report - **Futures Closing Prices**: AU2510 contract closed at 781.12 yuan/g on Aug 26, up 1.94 from Aug 25; AG2510 closed at 9354 yuan/kg, down 40 [7]. - **Spot Prices**: London gold was at 3393.47 dollars/ounce on Aug 26, up 27.86; London silver was at 38.60 dollars/ounce, up 0.05 [7]. - **Basis**: Gold TD - Shanghai gold main contract basis is -4.29, down 0.45; silver TD - Shanghai silver main contract basis is -43, down 13 [7]. 4. Container Shipping Industry Spot - Futures Daily Report - **Spot Quotes**: Maersk's Shanghai - Europe 6 - week future freight rate is 2235 dollars/FEU on Aug 27, down 118 from Aug 26; CMA CGM is 2591 dollars/FEU, up 23 [8]. - **Container Shipping Index**: SCFIS (European route) settlement price index on Aug 25 is 1990.20, down 190.0 from Aug 18; SCFIS (US West route) is 1041.38, down 64.9 [8]. - **Futures Prices and Basis**: EC2602 contract on Aug 26 is 1469.3, down 27.6 from Aug 25; EC2510 (main contract) is 1318.9, down 39.1; basis of the main contract is 573.6, down 160.9 [8]. - **Fundamentals**: Global container shipping capacity supply on Aug 27 is 3292.63 million TEU, unchanged from Aug 26; Shanghai port on - time rate in July is 32.58%, down 1.99 from the previous month [8]. 5. Trading Calendar - **Overseas Data/Information**: US API crude oil inventory for the week ending Aug 22 is reported at 4:30; EIA crude oil inventory is reported at 22:30 [9]. - **Domestic Data/Information**: Steel Union's weekly production and sales survey of 523 mines for coking coal is in the evening; China's port commercial crude oil inventory (in 10,000 tons) is reported at 14:30 [9].
广发期货金融日报-20250826
Guang Fa Qi Huo· 2025-08-26 06:38
1. Investment Ratings - The provided reports do not mention any industry investment ratings. 2. Core Views - The reports offer a comprehensive analysis of various financial products, including stock index futures, Treasury bond futures, precious metals, container shipping, and relevant economic data. They present current price information, price changes, and historical percentile data for different contracts and indicators, enabling investors to understand market trends and potential investment opportunities. 3. Summary by Directory Stock Index Futures Spread Daily Report - **Price Differences**: Presents the current price differences and historical percentile data of various stock index futures contracts, including F, H, IC, and IM. For example, the F period - spot price difference is 5.38, with a historical 1 - year percentile of 86.40% [1]. - **Cross - Period Spreads**: Details the cross - period spreads of different contracts, such as the next - month minus the current - month spread, the far - month minus the current - month spread, etc. For instance, the next - month minus the current - month spread of F is - 3.00, with a change of 3.20 compared to the previous day [1]. - **Cross - Variety Ratios**: Provides cross - variety ratios, like the ratio of IC to IF, which is 1.5442, with a historical 1 - year percentile of 96.70% [1]. Treasury Bond Futures Spread Daily Report - **Basis**: Displays the basis of different Treasury bond futures, including TS, TF, T, and TL. For example, the TS basis is 1.4868, with a change of - 0.0340 compared to the previous day and a historical percentile of 20.50% [2]. - **Cross - Period Spreads**: Covers the cross - period spreads of different Treasury bond futures contracts. For instance, the current - quarter minus the next - quarter spread of TS is - 0.0760, with a change of - 0.0720 compared to the previous day and a historical percentile of 12.50% [2]. - **Cross - Variety Spreads**: Presents cross - variety spreads, such as the spread between TS and TF, which is - 3.1140, with a change of - 0.0620 compared to the previous day and a historical percentile of 13.30% [2]. Precious Metals Spot - Futures Daily Report - **Futures Prices**: Shows the closing prices and price changes of domestic and foreign precious metal futures contracts. For example, the AU2510 contract price is 779.18 yuan/gram, with a rise of 5.78 yuan and a rise rate of 0.75% compared to the previous day [4]. - **Spot Prices**: Provides the spot prices and price changes of precious metals, including London gold, London silver, and Shanghai Gold Exchange T + D products. For instance, the London gold price is 3365.61 dollars/ounce, with a fall of 5.63 dollars and a fall rate of - 0.17% compared to the previous day [4]. - **Other Indicators**: Includes indicators such as the difference between gold TD and Shanghai gold futures, the ratio of COMEX gold to silver, interest rates, exchange rates, inventory, and positions [4]. Container Shipping Industry Spot - Futures Daily Report - **Spot Quotes**: Offers spot quotes for container shipping, such as the freight rates of different shipping companies on the Shanghai - Europe route. For example, the MAERSK freight rate is 2353 dollars/FEU, with a rise of 80 dollars and a rise rate of 3.52% compared to the previous day [6]. - **Container Shipping Index**: Presents the settlement price index and price changes of container shipping, including SCFIS (European route) and SCFIS (US West route). For instance, the SCFIS (European route) settlement price index is 1990.20, with a fall of 190.0 and a fall rate of - 8.71% compared to the previous day [6]. - **Futures Prices and Basis**: Displays the futures prices and basis of container shipping contracts. For example, the EC2602 futures price is 1496.9, with a rise of 31.9 and a rise rate of 2.18% compared to the previous day, and the basis of the main contract is 544.5, with a fall of 205.7 and a fall rate of - 27.42% compared to the previous day [6]. - **Fundamental Data**: Covers fundamental data such as global container shipping capacity supply, port - related indicators, export differences, and overseas economic indicators [6]. Overseas and Domestic Data/Information Report - **Overseas Data**: Lists overseas economic indicators and financial events, including the US durable goods orders monthly rate, the Brazilian agricultural product production survey results, etc. [8] - **Domestic Data**: Presents domestic economic indicators and financial events, such as the expiration of 3000 billion yuan of 1 - year medium - term lending facilities (MLF), the inventory and port throughput of manganese ore in Qinzhou Port, etc. [8]
纯苯苯乙烯日报:纯苯去库而苯乙烯再度累库-20250826
Hua Tai Qi Huo· 2025-08-26 05:16
Report Industry Investment Rating No relevant content provided. Core Viewpoints - Korean petrochemical companies may cut 270 - 370 million tons of naphtha cracking capacity, potentially affecting EB supply more than BZ as Korean styrene accounts for 16% of overseas styrene capacity while Korean cracked pure benzene only accounts for 3.5% of overseas pure benzene capacity [3]. - For pure benzene, port inventory is slightly decreasing from a high level but still at a high absolute level, and the port basis is waiting to strengthen further. Attention should be paid to the inventory pressure in the CPL - PA6 - nylon industry chain and the MDI inventory pressure in the aniline downstream [3]. - For styrene, port inventory is accumulating due to high current operating rates, but there are concentrated maintenance plans in September, which may lead to destocking. The operating rates of EPS and PS in the downstream continue to rise, but inventory has not continued to decline, indicating slow downstream follow - up, and ABS maintains a state of high inventory and low operating rate [3]. Summary by Directory I. Pure Benzene and EB's Basis Structure and Inter - Period Spreads - Figures include pure benzene's main contract basis, spot - M2 paper cargo spread, and inter - period spreads between contracts, as well as EB's main contract basis and inter - period spreads [9][13][17] II. Pure Benzene and Styrene Production Profits and Domestic - Foreign Spreads - Figures cover naphtha processing fees, pure benzene's FOB spreads in different regions, styrene's non - integrated production profits, and import profits of pure benzene and styrene [20][23][33] III. Pure Benzene and Styrene Inventory and Operating Rates - Figures show pure benzene's East China port inventory and operating rate, and styrene's East China port inventory, commercial inventory, factory inventory, and operating rate [40][42][45] IV. Styrene Downstream Operating Rates and Production Profits - Figures present the operating rates and production profits of EPS, PS, and ABS in the styrene downstream [52][54][57] V. Pure Benzene Downstream Operating Rates and Production Profits - Figures display the operating rates and production profits of caprolactam, phenol - acetone, aniline, adipic acid, and other downstream products of pure benzene [60][67][71]
《金融》日报-20250826
Guang Fa Qi Huo· 2025-08-26 02:46
1. Report Industry Investment Rating No information provided in the reports regarding industry investment ratings. 2. Core Views There is no explicit core view presented in the reports. The reports mainly offer data on various futures, including price differences, price changes, and other related indicators. 3. Summary by Related Catalogs 3.1 Stock Index Futures Spread Daily Report - **Price Differences and Changes**: Details are provided on the price differences and changes of different stock index futures contracts, such as F, IC, IM, IF, and IH. For example, the F period - spot price difference is 21.87, with a historical 1 - year percentile of 96.70% [1]. - **Cross - Period Price Differences**: Information on cross - period price differences for different contracts, like the difference between the next - month and current - month contracts, is presented. For instance, the next - month - current - month difference for IC is - 46.80, with a historical 1 - year percentile of 85.00% [1]. - **Cross - Variety Ratios**: Ratios between different stock index futures varieties are given, such as the ratio of CSI 500 to SSE 300, which is 1.5584, with a historical 1 - year percentile of 97.50% [1]. 3.2 Treasury Bond Futures Spread Daily Report - **Basis**: The basis values and their changes for different treasury bond futures, including TS, TF, T, and TL, are reported. For example, the TS basis is 1.1805, with a change of 0.0273 compared to the previous trading day, and a percentile of 9.30% since listing [2]. - **Cross - Period Price Differences**: Cross - period price differences for different treasury bond futures contracts are provided. For instance, the current - quarter - next - quarter difference for TF is 0.1050, with a change of 0.0550 and a percentile of 40.50% [2]. - **Cross - Variety Price Differences**: Cross - variety price differences between different treasury bond futures are presented, such as the difference between TS and TF, which is - 3.0520, with a change of 0.0720 and a percentile of 13.90% [2]. 3.3 Precious Metals Spot - Futures Daily Report - **Futures Closing Prices**: Closing prices and their changes for domestic and foreign precious metals futures are reported. For example, the AU2510 contract closed at 773.40 yuan/gram on August 22, down 1.72 yuan or 0.22% from the previous day [10]. - **Spot Prices**: Spot prices and their changes for precious metals are given. For instance, the London gold price was 3371.24 US dollars/ounce on August 22, up 32.30 US dollars or 0.97% from the previous day [10]. - **Basis and Ratios**: Basis values, ratios, and their changes for precious metals are provided. For example, the basis of gold TD - Shanghai gold main contract is - 1.77, with a change of 1.69 compared to the previous value, and a historical 1 - year percentile of 64.20% [10]. - **Interest Rates, Exchange Rates, Inventories, and Positions**: Information on interest rates, exchange rates, inventories, and positions of precious metals is presented. For example, the 10 - year US Treasury yield is 4.26%, down 0.07 percentage points or 1.6% from the previous day [10]. 3.4 Container Shipping Industry Spot - Futures Daily Report - **Spot Quotes**: Spot quotes and their changes for container shipping routes from Shanghai to Europe are reported. For example, the MAERSK shipping price from Shanghai to Europe in the next 6 weeks is 2273 US dollars/FEU on August 25, down 77 US dollars or 3.28% from the previous day [11]. - **Container Shipping Indexes**: Changes in container shipping indexes, such as SCFIS (European route) and SCFI comprehensive index, are presented. For instance, the SCFIS (European route) settlement price index was 2180.17 on August 18, down 55.3 points or 2.47% from August 11 [11]. - **Futures Prices and Basis**: Futures prices and basis values for container shipping futures are provided. For example, the EC2602 futures price is 1465.0 on August 22, down 48.0 or 3.17% from the previous day, and the basis of the main contract is 750.2, down 15.2 or 1.99% [11]. - **Fundamental Data**: Fundamental data on container shipping, including capacity supply, port on - time rates, and overseas economic indicators, are reported. For example, the global container capacity supply is 3293.04 FTEU on August 22, with no change compared to August 24 [11]. 3.5 Trading Calendar - **Overseas Data/Information**: Information on overseas economic indicators and events for different sectors, such as agricultural products in the US and HAD, is provided. For example, the US has USDA export inspection and crop growth data [12]. - **Domestic Data/Information**: Information on domestic economic indicators and events for different sectors, such as black and non - ferrous metals, energy and chemicals, and special commodities, is presented. For example, the global manganese ore shipment volume, manganese ore arrival volume, and port manganese ore inventory data are available for manganese silicon [12].
《金融》日报-20250821
Guang Fa Qi Huo· 2025-08-21 05:20
Report Industry Investment Rating No relevant content provided. Core Views The reports present a comprehensive overview of various financial markets, including stock index futures, treasury bond futures, precious metals, container shipping, and provide schedules of economic data releases. Each section details the latest market data, price changes, and relevant indicators, offering insights for investors to assess market trends and potential investment opportunities. Summary by Directory Stock Index Futures Spread Daily Report - The F spot-futures spread is -1.40, with a change of 5.78 from the previous day, and a 1-year historical percentile of 58.30%. Other spreads such as H spot-futures spread, IC and IM inter - period spreads also show different values and changes [1]. - Cross - variety ratios like CSI 500/SSE 300, CSI 200/CSI 50, etc., have their own latest values, changes, and historical percentiles [1]. Treasury Bond Futures Spread Daily Report - For basis, the TS basis has an IRR of 1.2502, a latest value of 0.0243, and a change of - 0.0023 from the previous day, with a percentile of 11.20% since listing. Similar data is provided for TF, T, and TL basis [2]. - Inter - period spreads for TS, TF, T, and TL show different values and changes, as well as their respective historical percentiles [2]. - Cross - variety spreads such as TS - TF, TS - T, etc., also have corresponding values, changes, and historical percentiles [2]. Precious Metals Spot - Futures Daily Report - Domestic futures closing prices: The AU2510 contract closed at 772.68 yuan/gram, down 2.38 yuan (-0.31%) from the previous day; the AG2510 contract closed at 9042 yuan/kg, down 145 yuan (-1.58%) [6]. - Foreign futures closing prices: The COMEX gold main contract closed at 3392.20 US dollars/ounce, up 33.30 dollars (0.99%); the COMEX silver main contract closed at 37.90 US dollars/ounce, up 0.57 dollars (1.51%) [6]. - Spot prices: London gold was at 3347.34 US dollars/ounce, up 31.82 dollars (0.96%); London silver was at 37.86 US dollars/ounce, up 0.48 dollars (1.28%) [6]. - Basis, price ratios, interest rates, exchange rates, inventory, and position data are also provided [6]. Container Shipping Industry Spot - Futures Daily Report - Spot quotes: MAERSK's Shanghai - Europe freight rate was 2364 US dollars/FEU, up 6 dollars (0.25%); CMA CGM's was 2913 US dollars/FEU, up 34 dollars (1.18%), etc. [8]. - Shipping indices: The SCFIS (European route) settlement price index was 2180.17, down 55.3 (-2.47%); the SCFIS (US West route) was 1106.29, up 24.1 (2.23%) [8]. - Futures prices and basis: The EC2602 contract was at 1532.0, down 3.4 (-0.22%); the basis of the main contract was 700.2, down 43.0 (-5.79%) [8]. - Fundamental data: Global container shipping capacity supply remained unchanged at 3289.97 FTEU; Shanghai port on - time rate was 32.58, down 1.99 (-5.76%) [8]. Overseas and Domestic Data/Information Report - Overseas data includes economic indicators such as eurozone 8 - month manufacturing PMI, consumer confidence index, and US initial jobless claims, etc. [9]. - Domestic data includes steel production, inventory, and utilization rate, as well as various commodity data such as coal, coke, and lithium carbonate [10].
广发期货《金融》日报-20250820
Guang Fa Qi Huo· 2025-08-20 05:04
Group 1: Stock Index Futures Spread Daily Report Core View - Presents the price spreads of stock index futures on August 20, 2025, including period - current spreads, inter - period spreads, and cross - variety ratios, along with their changes from the previous day and historical quantile information [1] Summary by Category - **Period - Current Spreads**: The F period - current spread is - 7.17, the H period - current spread is 2.98, the IC period - current spread is - 55.31, and the IM period - current spread is - 65.45 [1] - **Inter - period Spreads**: Different combinations of inter - period spreads for F, IH, IC, and IM are provided, showing various numerical values and changes [1] - **Cross - variety Ratios**: Ratios such as CSI 500/SSE 50, CSI 1000/CSI 300, and IC/IF are presented, with their current values, changes, and historical quantiles [1] Group 2: Bond Futures Basis and Spread Report Core View - Provides the basis, inter - period spreads, and cross - variety spreads of bond futures on August 19, 2025, along with their changes from the previous day and historical quantile information [2] Summary by Category - **Basis**: The TS basis is 1.2318, the TF basis is 1.1138, the T basis is 1.0701, and the TL basis is 1.1098 [2] - **Inter - period Spreads**: Different combinations of inter - period spreads for TS, TF, T, and TL are provided, showing various numerical values and changes [2] - **Cross - variety Spreads**: Spreads such as TS - TF, TS - T, and TF - TL are presented, with their current values, changes, and historical quantiles [2] Group 3: Precious Metals Spot - Futures Daily Report Core View - Presents the prices of domestic and foreign precious metals futures, spot prices, basis, ratios, interest rates, exchange rates, inventory, and positions on August 19, 2025, along with their changes from the previous day [4] Summary by Category - **Futures and Spot Prices**: Domestic and foreign gold and silver futures and spot prices show different degrees of decline [4] - **Basis**: The basis of different combinations of precious metals shows various numerical values and changes, with historical quantiles provided [4] - **Ratios**: Ratios such as COMEX gold/silver and SHFE gold/silver are presented, with their current values, changes, and percentage changes [4] - **Interest Rates and Exchange Rates**: The 10 - year US Treasury yield, 2 - year US Treasury yield, 10 - year TIPS Treasury yield, US dollar index, and offshore RMB exchange rate show different degrees of change [4] - **Inventory and Positions**: The inventory of precious metals on SHFE and COMEX and the positions of ETFs show different degrees of change [4] Group 4: Container Shipping Industry Spot - Futures Daily Report Core View - Presents the spot quotes, container shipping indexes, futures prices, basis, fundamental data of the container shipping industry on August 19, 2025, and relevant data for previous months, along with their changes and percentage changes [6] Summary by Category - **Spot Quotes**: The spot quotes of Shanghai - Europe shipping routes of different shipping companies show different degrees of rise and fall [6] - **Container Shipping Indexes**: The settlement price indexes of SCFIS and the Shanghai Export Container Freight Index show different degrees of rise and fall [6] - **Futures Prices and Basis**: The futures prices of different contracts of EC show different degrees of rise and fall, and the basis of the main contract declines [6] - **Fundamental Data**: The global container shipping capacity supply remains unchanged, and indicators such as port on - time rate, port call situation, monthly export amount, and overseas economic data show different degrees of change [6] Group 5: Overseas and Domestic Data/Information Report Core View - Lists the economic indicators and financial events of overseas and domestic markets on different dates and times, along with their data sources [8] Summary by Category - **Overseas Data/Information**: Includes the eurozone's CPI data and the US's API and EIA crude oil inventory data [8] - **Domestic Data/Information**: Covers the production and sales of double - coking coal, China's one - year loan prime rate, China's port commercial crude oil inventory, and other data [8]
《金融》日报-20250819
Guang Fa Qi Huo· 2025-08-19 03:00
1. Report Industry Investment Rating - There is no information about the industry investment rating in the provided reports. 2. Core Views - The reports mainly present the daily data of different futures, including price differences, closing prices, spot prices, and related economic indicators, aiming to help investors understand the market trends and price fluctuations of various futures [1][2][3][4][5]. 3. Summary by Relevant Catalogs 3.1 Stock Index Futures Spread Daily Report - **Price Differences**: The report provides the latest values, changes from the previous day, historical 1 - year percentiles, and all - time percentiles of stock index futures' term - to - spot spreads and inter - term spreads for different varieties such as IF, IH, IC, and IM [1]. - **Calculation Methods**: It explains the calculation methods of term - to - spot spreads, inter - term spreads, and cross - variety ratios [1]. 3.2 Treasury Bond Futures Spread Daily Report - **Price Differences**: Presents the latest values, changes from the previous trading day, and percentiles since listing of the basis, inter - term spreads, and cross - variety spreads of different treasury bond futures varieties (TS, TF, T, TL) [2]. - **Calculation Notes**: Provides notes on the calculation of basis, percentiles, and spreads [2]. 3.3 Precious Metals Spot - Futures Daily Report - **Prices**: Shows the closing prices of domestic and foreign futures, spot prices, basis, ratios, interest rates, exchange rates, inventory, and positions of precious metals (gold and silver) on different dates, along with their price changes and percentage changes [3]. 3.4 Container Shipping Industry Spot - Futures Daily Report - **Spot Quotes**: Lists the spot quotes of shipping companies on the Shanghai - Europe route and their price changes and percentage changes [4]. - **Indices**: Provides the settlement price indices of shipping routes and Shanghai export container freight rates, along with their price changes and percentage changes [4]. - **Futures and Basis**: Presents the futures prices, price changes, and basis of container shipping futures contracts [4]. - **Fundamentals**: Includes data on shipping capacity supply, port - related indicators, export amounts, and overseas economic indicators, along with their changes and percentage changes [4]. 3.5 Trading Calendar - **Data Sources**: Specifies the time, data sources, and economic indicators or financial events of overseas and domestic data and information [5]. 3.6 Fund Flow and Key Seats' Position Changes Daily Report - The content of this report is incomplete and cannot be effectively summarized.