Summary of Key Points from Conference Call Records Industry Overview - The conference call discusses the copper and aluminum industries, focusing on demand, pricing, and market dynamics. Copper Industry Insights - After the April tariff announcement, copper prices plummeted, but demand surged, leading to rapid inventory depletion. However, demand weakened in May and June as prices rebounded. Downstream purchasing willingness decreases above 78,000 RMB/ton, while strong replenishment occurs below this price point [1][6] - Chinese smelters are heavily utilizing scrap copper to produce cathode copper, resulting in a misleading apparent demand growth of over 2.5%. Actual demand growth may only be around 3% [1][5][7] - Despite high apparent demand, actual demand is weaker due to the inclusion of scrap copper in production. The copper-silver ratio has stabilized since November, indicating enhanced financial attributes of copper [2][10] - Global copper inventories are concentrated in the U.S., with COMEX inventories reaching historical highs. Tariffs have narrowed the price gap between the U.S. and China, impacting copper prices [1][9] - The copper market is currently facing potential production cuts due to falling sulfuric acid prices, which could alter the production landscape [1][8] Aluminum Industry Insights - The aluminum sector shows stronger real demand compared to copper, with both domestic and international demand growth exceeding 5% in Q1. Electrical investment has significantly boosted aluminum rod demand, with monthly production growth reaching 20% [3][4][13] - Despite the cancellation of export tax rebates, aluminum exports remain robust, with monthly volumes exceeding historical averages [14] - Domestic aluminum ingot inventories are at historical lows, raising concerns about potential short squeezes if inventories drop further [15] - The aluminum market is expected to maintain a tight supply-demand balance in the second half of the year, despite some weakness in specific sectors like photovoltaics [11][12] Market Dynamics and Risks - The apparent demand for copper is overstated due to statistical limitations and the reliance on scrap copper, which skews the actual demand figures [7] - The copper industry is facing challenges from high production costs and potential shifts in production strategies as sulfuric acid prices decline [8] - The aluminum industry is experiencing a slower expansion pace compared to previous years, reducing market pressure [19] - Future supply pressures in the aluminum sector may arise from new projects, but current assessments suggest that significant overcapacity is unlikely [20][21] Conclusion - Both the copper and aluminum industries are navigating complex market dynamics influenced by tariffs, production strategies, and demand fluctuations. The copper market faces potential risks from inventory management and production adjustments, while the aluminum sector benefits from strong demand driven by electrical investments and resilient export performance.

Report Industry Investment Rating - The rating for lithium carbonate is "Oscillation" [1] Core Viewpoints of the Report - The cycle of expanding production capacity is not over, and the pressure on the mining end to reduce inventory has marginally eased. The supply of global primary lithium resources in 2025 is expected to reach 1608,000 tons of LCE, a year-on-year increase of 272,000 tons of LCE. The downstream demand growth rate has been slightly revised down, and attention should be paid to the expected difference in apparent demand. The theoretical cost support in 2025 has dropped to 58,000 - 60,000 yuan/ton, and the cost curve is becoming flatter. It is expected that the operating range of the main lithium carbonate contract in the second half of the year will be 55,000 - 67,000 yuan/ton [2][3][4][5] Summary According to the Table of Contents 1. Market Review - In the first half of the year, the unexpectedly high production in the cathode material and cell sectors in January led to an upward revision of the annual demand growth rate, pushing up the price. After the Spring Festival, the over - supply in the salt sector and the negative feedback loop between ore and salt prices dragged down the price. Although some large salt factories started maintenance in April, the supply in the second quarter still increased month - on - month. The cost support moved down due to the decline in the current cost of enterprises, and the market sentiment became more pessimistic [18] 2. The Cycle of Expanding Production Capacity is Not Over, and the Pressure on the Mining End to Reduce Inventory has Marginally Eased 2.1 The Cycle of Expanding Production Capacity at the Resource End is Not Over - The supply of global primary lithium resources in 2025 is expected to be about 1.608 million tons of LCE, a year - on - year increase of 272,000 tons of LCE. The increase mainly comes from the resumption of production at Jiuxiawo and the output of Lagucuo and Daoxian Xiangyuan. Some projects' output has been slightly revised down. China, Africa, Argentina, and Chile have contributed significant year - on - year increments, while Australia's output has slightly decreased. The supply structure has become more diversified, and the risk of supply disruption is controllable [24][27][28] 2.2 The Differentiation between the Growth Rates of the Resource End and the Salt End: How Much Pressure is There on the Mining End to Reduce Inventory? - From January to May, the supply of lithium carbonate in the Chinese market increased by 42% year - on - year, far exceeding the resource end growth rate. The difference is mainly due to inventory changes. Overseas non - integrated miners have stable inventory days. African lithium mines have some inventory pressure, but it is controllable. The inventory in China has been decreasing, and the pressure to further reduce inventory is limited. The supply growth rate of lithium carbonate in the second half of the year is likely to approach the resource end growth rate. The inventory of salt lakes in Chile and Argentina is low, and the shipping data can be used as a leading indicator for imports [36][40][51] 3. The Terminal Growth Rate has been Slightly Revised Down, and Attention Should be Paid to the Expected Difference in Apparent Demand 3.1 The Power Terminal Maintains High Growth, and the Uncertainty of Energy Storage has Marginally Increased - In the power terminal, from January to May, the cumulative year - on - year growth rates of new energy vehicles in China, Europe, and the United States were 44%, 27%, and 3% respectively. The growth rate in China may slow down in the second half of the year, but the end - of - year demand is still worth looking forward to. In Europe, the growth rate has exceeded expectations. In the United States, the policy pressure in the second half of the year is limited. The annual growth rate of global new energy vehicle sales is expected to be maintained at 20% - 26%. In the energy storage terminal, the demand expectation is pessimistic. Domestically, the cancellation of mandatory energy storage allocation has increased uncertainty, but the high winning bid volume in the first half of the year supports the demand in the second half. Overseas, the demand for exports to the United States may slow down, but the non - US market is performing well. The global energy storage cell shipments are expected to increase by 30% - 40% year - on - year [58][70][83] 3.2 The Inventory Days of Each Downstream Link Remain Neutral - After two years of inventory reduction, the inventory days of each downstream link have returned to a neutral level. The cathode material sector has maintained a low - inventory strategy, and there is little room for further inventory reduction. The cell sector has also achieved inventory reduction. The new energy vehicle inventory level is neutral, and the inventory pressure of some car companies is a structural problem. There may be trading opportunities due to the expected difference between the off - season and the peak season [84][87][88] 4. How to Understand the Downward Shift of Cost Support? - The updated balance sheet shows that the global lithium resources will have a surplus of 228,000 tons of LCE in 2025. The theoretical cost support in 2025 is 58,000 - 60,000 yuan/ton, down from the previous range. The cost reduction space of mature Australian mines is limited, while African projects may further reduce costs. The cost curve will become flatter, and the cost support will be marginally enhanced [97][98][102] 5. Investment Suggestions - In the second half of the year, the main lithium carbonate contract is expected to operate in the range of 55,000 - 67,000 yuan/ton. The market is relatively optimistic in the third quarter, and the price may decline at the end of the year. The space for unilateral trading is limited. It is recommended to try long positions at the lower end of the range in early Q3 and short positions at the end of Q3. It is more advisable to focus on the positive spread opportunity of LC2509 - LC2511 [106][107]

投资咨询业务资格：证监许可【2012】669号 中信期货研究|⿊⾊建材策略⽇报 2025-06-25 地缘冲突缓和，⿊⾊偏弱震荡 伊以局势缓和，受此影响双焦再度转弱。除此之外⿊⾊板块处于真空 期，能交易的其他驱动⾮常有限。产业⽅⾯热卷需求回暖，螺纹季节 性下⾏。供应端铁⽔⾼位回升，整体供需均环⽐⾛强，库存暂⽆压 ⼒。不过市场对后市需求预期依然偏悲观，整体⽽⾔，盘⾯仍处于震 荡盘整阶段。 1、铁元素方面，海外矿山开始财年末和季末冲量，发运量有季节性 增加预期，7月上旬之前发运或将维持高位，但同比增量有限；需求 端钢企盈利率和铁水回升，预计短期可以维持高位。本周到港季节性 回升，港口小幅累库。短期海外矿山季末冲发运，矿石库存有阶段性 小幅累库预期，但预计幅度有限，整体供需矛盾不突出。近期重点关 注需求端钢企盈利状况和检修计划。 2、碳元素方面，近期主产区环保及安全检查趋严，煤矿间歇式停产 现象较多，焦煤产量持续下滑，但整体供应的收缩幅度相对有限； 进口方面，贸易商拉运积极性偏弱，口岸通关延续低位。需求端， 焦炭产量高位回落，焦企在去库及亏损压力下、开工存在进一步下降 预期。库存端，焦煤刚需有所下滑、下游原料补库需 ...

Report Industry Investment Ratings No information regarding industry investment ratings is provided in the given reports. Core Views Benzene Ethylene - The market price of pure benzene has significantly declined. The international oil price dropped sharply due to the cease - fire between Israel and Iran, and pure benzene followed suit. Benzene ethylene supply is increasing while demand is decreasing, and its supply - demand balance may gradually weaken. It is expected to continue its downward trend and should be treated bearishly [1][4]. Polyolefins - For PE, it is expected to be range - bound, and for PP, a bearish stance on the single - side trading is recommended. PP has high production due to short - term maintenance recovery and new production, and both PE and PP are affected by the off - season in demand [8]. PVC and Caustic Soda - For caustic soda, the current spot price is falling and is still in the process of finding a bottom. It is recommended to wait and see. For PVC, although there is a short - term price increase, the long - term supply - demand contradiction is prominent. A mid - term short - selling strategy is suggested [11][15]. Urea - The core driver is the strengthening of the oversupply pattern and the deterioration of market sentiment. The supply is high and the demand is weak. It is not recommended to chase short positions in the short term. One can wait for a turning point to enter the market at a low price [39]. Polyester Industry Chain - For PX, it is recommended to be cautiously bearish on PX09 in the short term. For PTA, it should be treated with caution and bearishly. For ethylene glycol, a short - term callback is expected. For short - fiber, the supply - demand is weak. For bottle - grade polyester chips, there is an expectation of supply - demand improvement [43]. Methanol - The methanol market is mainly driven by the easing of the Iranian situation. The previous premium due to geopolitical factors has been reversed. One should pay attention to the actual shipping after the restart of Iranian plants. The inland supply is tight, and it is a seasonal off - season for demand. Short - term observation is recommended [47]. Crude Oil - The short - term oil price is in a downward trend. The market logic has shifted from geopolitics to fundamental supply - demand balance. It is recommended to wait for a clearer signal, and the support and pressure levels for different oil types are given [50]. Summaries by Relevant Catalogs Benzene Ethylene Upstream - Brent crude oil (August) on June 24 was $67.1/barrel, down $4.3 or 6.1% from June 23. CFR Japan naphtha decreased by 8.7% to $586/ton. CFR Northeast Asia ethylene remained unchanged at $850/ton [1]. Spot & Futures - The East China spot price of benzene ethylene on June 24 was 7815 yuan/ton, down 4.3% from June 23. EB2507 and EB2508 also declined, with decreases of 4.6% and 4.7% respectively [2]. Overseas Quotes & Import Profit - Benzene ethylene CFR China on June 24 was $910/ton, down 3.7% from June 23. The import profit was 218.2 yuan/ton [3]. Industry Chain开工率 & Profit - The domestic pure benzene comprehensive开工率 increased by 1.2% to 80.4%. The benzene ethylene开工率 rose by 7.0% to 79.0%. The integrated profit of benzene ethylene decreased by 76.8% to 50.1 yuan/ton [4]. Polyolefins Price & Spread - L2601, L2509, PP2601, and PP2509 all declined on June 24 compared to June 23. The spreads between different contracts also changed, and the spot prices of some products decreased [8]. Upstream & Downstream开工率 - The PE装置开工率 decreased by 0.60% to 78.7%, and the PP装置开工率 increased by 2.1% to 78.6% [8]. Inventory - PE企业库存 decreased by 1.83% to 49.9 million tons, and PP企业库存 increased by 4.52% to 60.8 million tons [8]. PVC and Caustic Soda Spot & Futures - The East China market price of PVC decreased. The price of 32% liquid caustic soda in Shandong remained unchanged [11]. Overseas Quotes & Export Profit - The FOB price of PVC in Tianjin Port remained unchanged at $590/ton, and the export profit decreased by 100.9% to - 28.4 yuan/ton [12]. Supply - The caustic soda industry开工率 increased by 0.2% to 85.8%, and the PVC总开工率 decreased by 0.1% to 76.7% [13]. Demand - The开工率 of the alumina industry decreased by 0.5% to 79.9%, and the开工率 of PVC downstream products such as pipes and profiles decreased [14][15]. Inventory - The inventory of liquid caustic soda in East China factories decreased by 6.7% to 21.4 million tons, and the PVC总社会库存 remained basically unchanged [15]. Urea Futures - Urea futures prices declined on June 24 compared to June 23. The spreads between different contracts also changed, and the long - and short - position holdings of the top 20 changed [39]. Upstream Raw Materials - The prices of upstream raw materials such as anthracite small pieces and thermal coal remained unchanged [39]. Spot Market - The prices of small - particle urea in different regions showed different degrees of change, and the cross - regional spreads also changed [39]. Supply - Demand - The domestic daily urea production decreased slightly. The production of coal - based urea decreased by 0.69% to 15.84 million tons, and the production of gas - based urea remained unchanged [39]. Polyester Industry Chain Downstream Product Prices and Cash Flows - POY150/48, DTY150/48, and other polyester product prices changed on June 24 compared to June 23. The cash flows of some products also changed [43]. PX - related Prices and Spreads - CFR China PX decreased by 4.4% to $858/ton, and the PX - naphtha spread was $16/ton [43]. PTA - related Prices and Spreads - The East China spot price of PTA decreased by 3.0% to 5100 yuan/ton, and the PTA futures prices also declined [43]. MEG - related Prices and Spreads - The East China spot price of MEG decreased by 2.5% to 4597 yuan/ton, and the MEG futures prices also declined [43]. Industry Chain开工率 - The开工 rate of Asian PX decreased by 1.7% to 74.3%, and the开工 rate of PTA decreased by 3.5% to 79.1% [43]. Methanol Price and Spread - MA2601 and MA2509 closed lower on June 24 compared to June 23. The spreads between different contracts and regional spreads also changed [47]. Inventory - Methanol企业库存 decreased by 3.10% to 36.735%, and methanol港口库存 decreased by 10.09% to 58.6 million tons [47]. Upstream and Downstream开工率 - The upstream domestic企业开工率 increased by 3.06% to 77.44%, and the downstream外采MTO装置开工率 decreased by 6.28% to 80.46% [47]. Crude Oil Price and Spread - Brent crude oil decreased by 6.07% to $67.14/barrel, and WTI increased by 1.09% to $65.07/barrel on June 25 compared to June 24 [50]. Refined Oil Price and Spread - NYM RBOB increased by 0.84% to 210.32 cents/gallon, and ICE Gasoil decreased by 10.09% to $668.25/ton [50]. Crack Spread - The crack spreads of gasoline, diesel, and jet fuel in different regions showed different degrees of change [50].

Summary of Key Points from Conference Call Records Industry Overview - **Industry**: Oil and Gas, specifically focusing on crude oil and LNG markets - **Geopolitical Context**: The geopolitical risks in the Middle East, particularly involving Iran, continue to significantly impact global oil markets. The potential for disruptions in oil production and exports from Iran, as well as the risk of blocking the Strait of Hormuz, remains a critical concern, with estimates suggesting that such a blockade could disrupt 27% of global oil shipping volumes [1][2][5]. Core Insights and Arguments - **Oil Price Dynamics**: The recent geopolitical tensions have led to short-term spikes in oil prices, but the overall trend indicates a potential return to a price range of $57 to $70 per barrel, especially if a ceasefire agreement is reached [1][17]. - **OPEC+ Production Strategy**: OPEC+ has entered a production increase phase since April, but actual output has been lower than expected. The anticipated supply growth from non-OPEC countries may be revised upwards, but long-term capital expenditure constraints could lead to a slowdown in supply growth post-2028 [11][12]. - **Global Oil Demand**: Global oil demand growth expectations have been downgraded due to trade disputes and economic uncertainties, with a projected surplus of nearly 1 million barrels per day for the year [1][13][15]. - **LNG Market Trends**: The global LNG capacity is expected to increase significantly from 2025 to 2027, with the U.S. playing a dominant role in exports. However, demand in the Asia-Pacific region, particularly in China, is showing signs of weakness [4][30][31]. Additional Important Insights - **Impact of U.S. Sanctions**: U.S. sanctions have had a diminishing effect on Middle Eastern oil supplies, as countries have adapted to restore imports despite sanctions [7]. - **Historical Context of Oil Price Fluctuations**: Historical analysis shows that geopolitical conflicts in the Middle East have led to shorter cycles of price increases, with significant price hikes typically lasting less than four months since the 1990s [6]. - **Natural Gas Supply Vulnerabilities**: The natural gas supply chain is more fragile than that of oil, with Qatar facing significant risks due to its shared gas fields with Iran. This vulnerability could lead to heightened market sensitivity to geopolitical events [4][36]. - **Market Inventory Trends**: Global oil inventories have been accumulating since the beginning of the year, indicating a supply surplus. This trend is expected to continue, with OPEC+ production increases further loosening market balances [15][16]. - **Future Price Projections**: The Brent crude price is expected to face upward pressure primarily from geopolitical risks, but the fundamental supply-demand dynamics limit significant price increases beyond $70 per barrel [16][17]. Conclusion The oil and gas industry is currently navigating a complex landscape shaped by geopolitical tensions, production strategies from OPEC+, and evolving demand dynamics. The interplay between these factors will be crucial in determining future price movements and market stability.

| Millio | 国投期货 | 能源日报 | | --- | --- | --- | | | 操作评级 | 2025年06月24日 | | 原油 | ☆☆☆ | 高明宇 首席分析师 | | 燃料油 | ☆☆☆ | F0302201 Z0012038 | | 低硫燃料油 文文文 | | 李祖智 中级分析师 | | 沥青 | ☆☆☆ | F3063857 Z0016599 | | 液化石油气 文文文 | | | | | | 王盈敏 中级分析师 | | | | F3066912 Z0016785 | | | | 010-58747784 | | | | gtaxinstitute@essence.com.cn | 【原油】 一季度全球石油库存增加2%，二季度以来累增2.3%累库速度基本延续，其中原油库存累增2.4%、成品油库存累增2.2%。库存 表现符合平衡表宽松预期，三季度旺季累库幅度或有放缓，但在OPEC+增产周期及贸易战对需求的风险依然存在的背景下供大 于求的宽松形势难改。本轮反弹宏观面、供需面的支撑力度有限，溢价点集中在中东地缘风险，伊以停火协议的达成令单边价 格、内外盘价差、外盘柴油裂解等风险溢价面临 ...

交易咨询业务资格：证监许可【2012】1091号 沪铜周报（6.16~6.20） 大越期货投资咨询部:祝森林 从业资格证号：F3023048 投资咨询证号： Z0013626 联系方式：0575-85226759 重要提示：本报告非期货交易咨询业务项下服务，其中的观点和信息仅作参考之用，不构成对任何人的投资建议。 我司不会因为关注、收到或阅读本报告内容而视相关人员为客户；市场有风险，投资需谨慎。 目录 一、行情回顾 二、基本面（库存结构） 三、市场结构 上周回顾 沪铜周评: 上周沪铜冲高回落，沪铜主力合约下跌0.03%，收报于77990元/吨。宏观面看，地缘政治扰动铜价,美 国关税再起波澜，伊以摩擦加剧，全球不确定加强。国内方面，消费进入淡季，目前来看下游消费意 愿一般。产业端，国内现货交易一般，整体还是刚需交易为主。库存方面，铜库存LME库存99200吨， 上周出现小幅减少，上期所铜库存较上周减1129吨至100814吨。 期货主力 数据来源：博易大师 基本面 1、PMI 2、供需平衡表 3、库存 PMI 数据来源：Wind 供需平衡 2024供需紧平衡，2025过剩 数据来源：Wind 供需平衡 | | ...

Summary of Key Points from Conference Call Records Industry Overview - The records primarily discuss the impact of the escalating Israel-Iran conflict on the oil and gas industry, logistics, and various sectors including aviation, express delivery, and chemicals [1][2][4][5][9]. Core Insights and Arguments Oil and Gas Industry - The Israel-Iran conflict has intensified following U.S. airstrikes on Iranian nuclear facilities, with the Strait of Hormuz being a critical oil transport route, accounting for 20% of global oil liquid consumption, approximately 20 million barrels per day [1][2][3]. - If the Strait of Hormuz is blocked, oil prices could surge to $120-$130 per barrel, leading to energy inflation and significant impacts on various sectors, particularly aviation [1][2][5]. - VLCC (Very Large Crude Carrier) freight rates have increased dramatically from 22,000 yuan to over 50,000 yuan, indicating that freight performance has outpaced stock price movements for companies like COSCO Shipping Energy [1][4]. Aviation Sector - A potential rise in oil prices to $130 per barrel would significantly affect airline stocks, as fuel surcharges may not fully cover increased costs, potentially suppressing demand [5][6]. - Historical data suggests that airline stock prices are more influenced by supply-demand dynamics rather than temporary spikes in fuel prices, indicating a need for strategic adjustments in investment [6]. Express Delivery Industry - The express delivery sector is experiencing a reduction in price wars, with companies like YTO Express raising prices, indicating a stabilization in pricing pressures [7]. - The application of unmanned vehicles in last-mile delivery is advancing, reducing costs by 0.6 to 0.8 yuan per parcel, which is expected to enhance operational efficiency [7][8]. Chemical Industry - The chemical products price index has risen to 4,210 points, driven by increasing oil prices, although demand seasonality limits the ability to pass on costs, leading to heightened cost pressures [9][10]. - The polyester POY price has increased by 3.6%, but the profit margins are narrowing due to seasonal demand constraints [10]. Fertilizer and Agricultural Chemicals - The price of potassium fertilizer has surged due to supply constraints from Israel, with domestic prices rising by 80 yuan to 3,040 yuan, indicating further potential for price increases [12]. - The pesticide sector is witnessing price increases, particularly for chlorantraniliprole, which has risen by 80,000 yuan per ton due to supply chain disruptions [11]. Metals Market - Gold prices have continued to decline, but the risk premium may rise due to the severity of the conflict, with potential for prices to reach around $3,400 per ounce [16]. - Cobalt prices are expected to rise following the extension of export bans from the Democratic Republic of Congo, which holds a significant share of global cobalt production [17]. Coal Industry - The coal sector is experiencing mixed performance, with a decline in demand but potential for increased utilization in coal chemical processes due to high oil prices [19][20]. - Recent price increases in coal, particularly in the power sector, suggest a potential rebound in demand as electricity consumption rises [22]. Other Important Insights - The geopolitical landscape, particularly the U.S. sanctions on Iran and OPEC's production adjustments, will significantly influence global oil supply and pricing dynamics [25][26]. - Investment strategies should focus on companies with strong dividend yields and those positioned to benefit from rising commodity prices, such as coal and energy firms [23][28]. This summary encapsulates the critical developments and insights from the conference call records, highlighting the interconnectedness of geopolitical events and their implications across various industries.

聚烯烃产业期现日报 投资咨询业务资格:证监许可【2011】1292号 2025年6月23日 免费声明 本报告中的信息均来源于被广发期货有限公司认为可靠的已公开资料、但厂发期货对这些信息的能确性及完整体不作任何保证。本报告反映研究人 员的不同观点、见解及分析方法。并不代表广发期货或其附属机构的立场。 在任何情况下。 报告内容仅供参考,报告中的信息或所表达的意见并不 风险自担。本报告旨在发送给广发期货特定客户及其他专业人士,题权归广发期货所有,未经 构成所述品种买卖的出价或询价。 投资者据此投资, 广发期货书面授权. 任何人不得对本报告进行任何形式的发布、复制。如引用、刊发、需注明出处为广发期货。 6 关注微信公众号 知识图强,求实奉献,客户至上,合作共赢 张晓珍 Z0003135 些业期现日报 | 品中 | 6月20日 | 6月19日 | 涨跌 | 涨跌幅 | 单位 | | --- | --- | --- | --- | --- | --- | | L2601收盘价 | 7347 | 7399 | -55 | -0.70% | | | L2509 收盘价 | 7415 | 7462 | -47 | -0.63% ...

| 业期现日报 【2011 1292号 | | | | | | | --- | --- | --- | --- | --- | --- | | 2025年6月20日 纪元菲 20013180 | | | | | | | 现货价格及主力合约基差 | | | | | | | 品科 | 6月19日 | 6月18日 | 涨跌 | 涨跌幅 | 单位 | | 华东通氧SI5530工业硅 | 8150 | 8150 | 0 | 0.00% | | | 童美(通室SI5530星准) | 725 | 790 | -65 | -8.23% | | | 华东SI4210工业硅 | 8700 | 8700 | 0 | 0.00% | 元/吨 | | 基差(SI4210基准) | 475 | 540 | -65 | -12.04% | | | 新疆99硅 | 7600 | 7600 | 0 | 0.00% | | | 基差(新疆) | 975 | 1040 | -65 | -6.25% | | | 月间价差 | | | | | | | 合约 | 6月19日 | 6月18日 | 涨跌 | 涨跌幅 | 单位 | | 2507-2508 | ...