Group 1 - The chemical futures market in China showed mixed performance on June 11, with the main raw wood futures declining over 1% [1] - The main raw wood futures fell by 1.29%, settling at 767.00 CNY per cubic meter, while rubber futures increased by 0.62% to 13860.00 CNY per ton [1] - Other notable increases included styrene rising by 0.64% to 7369.00 CNY per ton and plastic increasing by 0.20% to 7113.00 CNY per ton [1] Group 2 - The opening and closing prices for various chemical futures on June 11 were reported, with rubber opening at 13845.00 CNY and closing at 13805.00 CNY [2] - The price movements for other contracts included PTA at 4616.00 CNY, short fiber at 6364.00 CNY, and PVC at 4795.00 CNY [2] - A phenomenon of "backwardation" was observed in several contracts, where spot prices exceeded futures prices for products like pulp, butadiene rubber, and PTA [2] Group 3 - The spot price for natural rubber was reported at 13670.8 CNY, while the futures price was 13775 CNY, resulting in a basis of -104 CNY [3] - Pulp had a spot price of 6216.67 CNY, with a futures price of 5280 CNY, leading to a positive basis of 936 CNY [3] - Other products such as methanol and urea also showed positive basis values, indicating favorable market conditions for these commodities [3][4]

截止北京时间6月10日，据商品基差数据显示：菜籽油、棕榈油、豆一、豆油品种合约出现'期现倒 挂'(现货价格高于期货价格)现象。 6月11日，国内期市油脂油料板块有涨有跌，棕榈油主力跌逾2%。截至目前，棕榈油主力下跌2.11%， 报7988.00元/吨；菜籽粕主力上涨0.80%，报2637.00元/吨；豆粕主力上涨0.76%，报3042.00元/吨；花生 主力下跌1.23%，报8212.00元/吨。 | 商品名称 | 现货价格 | 合约 | 期货价格 | 基差 | 基差率 | | --- | --- | --- | --- | --- | --- | | 菜籽油 | 9345 | 2509 | 9186 | 159 | 1.70% | | 菜籽粕 | 2550 | 2509 | 2616 | -66 | -2.59% | | 棕榈油 | 8630 | 2509 | 8160 | 470 | 5.45% | | 豆一 | 4295 | 2509 | 4151 | 144 | 3.35% | | 豆粕 | 2952 | 2509 | 3019 | -67 | -2.27% | | 豆油 | 8024 | 2509 ...

商品名称 现货价格 合约 期货价格 基差 基差率 螺纹钢 3090.22 2510 2971 119 3.85% 线材 3267.5 2510 3293 -25 -0.77% 热轧卷板 3173.33 2510 3084 89 2.80% 不锈钢 13100 2508 12540 560 4.27% 硅铁 5088.57 2509 5166 -77 -1.51% 锰硅 5536 2509 5554 -18 -0.33% 备注：基差=现货价格-期货价格。 6月11日，国内期市黑色金属板块集体上行，硅铁、铁矿石涨逾1%。截止目前，硅铁主力上涨1.51%， 报5244.00元/吨；铁矿石主力上涨1.07%，报707.50元/吨；热卷主力上涨0.81%，报3109.00元/吨；线材 主力上涨0.79%，报3319.00元/吨。 6月11日黑色金属期货价格行情 | 合约名称 | 开盘价 | 昨收价 | 昨结价 | | --- | --- | --- | --- | | 螺纹钢 | 2974.00 | 2974.00 | 2971.00 | | 铁矿石 | 700.00 | 698.50 | 700.00 | | 不锈钢 ...

Group 1 - The domestic non-ferrous metal futures market showed mixed performance on June 10, with lead and industrial silicon prices rising, while zinc prices fell by 1.22% to 21,855.00 CNY/ton [1] - The main contracts for various metals on June 10 included: aluminum at 20,075.00 CNY/ton, lead at 16,875.00 CNY/ton, and international copper at 70,450.00 CNY/ton, reflecting a general upward trend in prices for most metals [2] - The inventory data for non-ferrous metals indicated an increase in copper and zinc futures warehouse receipts, while aluminum and lithium carbonate saw slight decreases [3] Group 2 - The basis data showed that several metals, including copper, zinc, aluminum, and nickel, experienced a "backwardation" phenomenon, where spot prices were higher than futures prices [3] - Specific basis values for metals included copper at 221 CNY, zinc at 457 CNY, and aluminum at 241 CNY, indicating varying levels of market demand and supply dynamics [4] - Industrial silicon had a significant basis of 1,275 CNY, reflecting strong demand compared to its futures price [5]

Core Viewpoint - The domestic futures market for oilseeds and oils experienced significant declines on May 26, with the main soybean futures dropping over 1% [1] Summary by Category Market Performance - The main soybean futures fell by 1.07%, settling at 4150.00 CNY/ton - The main rapeseed meal futures increased by 0.23%, reaching 2571.00 CNY/ton - The main soybean oil futures decreased by 0.98%, priced at 7712.00 CNY/ton - The main peanut futures dropped by 0.70%, now at 8256.00 CNY/ton [1] Warehouse Receipt Data - As of May 23, soybean oil futures warehouse receipts totaled 15802 contracts, an increase of 1200 contracts week-on-week - Palm oil futures warehouse receipts stood at 302 contracts, a decrease of 28 contracts - Rapeseed oil futures warehouse receipts remained unchanged at 2121 contracts - Soybean meal futures warehouse receipts decreased by 9046 contracts to 29265 contracts - Rapeseed meal futures warehouse receipts decreased by 349 contracts to 28528 contracts - Main soybean futures warehouse receipts increased by 393 contracts to 30529 contracts - Main soybean two futures warehouse receipts were at 0 contracts, down by 900 contracts - Peanut futures warehouse receipts were at 0 contracts, down by 600 contracts [1] Basis Data - As of May 23, several oilseed and oil contracts exhibited a "futures-spot inversion" phenomenon - The spot price of rapeseed oil was 9513.33 CNY, with a contract price of 2509 and a futures price of 9412 CNY, resulting in a basis of 101 and a basis rate of 1.06% - The spot price of palm oil was 8510 CNY, with a contract price of 2509 and a futures price of 8032 CNY, leading to a basis of 478 and a basis rate of 5.62% - The spot price of soybean one was 4255 CNY, with a contract price of 2507 and a futures price of 4195 CNY, resulting in a basis of 60 and a basis rate of 1.41% - The spot price of soybean meal was 3024 CNY, with a contract price of 2509 and a futures price of 2950 CNY, leading to a basis of 74 and a basis rate of 2.45% - The spot price of soybean oil was 8034 CNY, with a contract price of 2509 and a futures price of 7788 CNY, resulting in a basis of 246 and a basis rate of 3.06% [1]

5月22日原油系期货价格行情 | 合约名称 | 开盘价 | 昨收价 | 昨结价 | | --- | --- | --- | --- | | SC原油 | 470.10 | 470.10 | 468.20 | | 燃料油 | 3075.00 | 3074.00 | 3068.00 | | 沥青 | 3520.00 | 3519.00 | 3523.00 | | 液化石油气 | 4237.00 | 4236.00 | 4239.00 | | 低硫燃料油 | 3567.00 | 3571.00 | 3563.00 | 5月21日，商品仓单数据显示： 5月22日，国内期市原油系板块"万绿丛中一点红"，原油、液化石油气跌逾1%。具体来看，截止目前， 原油主力下跌1.32%，报462.00元/桶；液化石油气主力下跌1.13%，报4191.00元/吨；燃料油主力下跌 0.88%，报3041.00元/吨；沥青主力上涨0.40%，报3537.00元/吨。 液化石油气期货仓单8765手，环比上个交易日增加139手； 低硫燃料油仓库期货仓单0吨，环比上个交易日持平； 截止北京时间5月21日，据基差数据显示：燃料油、沥青、液化石油气 ...

Group 1 - The domestic non-ferrous metal futures market showed a significant decline on May 22, with aluminum oxide futures rising over 1% [1] - As of May 22, the main aluminum oxide futures increased by 1.26% to 3224.00 CNY/ton, while other metals like tin, zinc, and lead saw declines of 0.60%, 0.49%, and 0.74% respectively [1] - The opening prices for various non-ferrous metal futures on May 22 included aluminum oxide at 3230.00 CNY, lithium carbonate at 61200.00 CNY, and copper at 78010.00 CNY [2] Group 2 - On May 21, the warehouse receipts for non-ferrous metals showed a decrease in copper by 4520 tons, aluminum by 1625 tons, and lead by 3884 tons, while tin increased by 45 tons [3] - The aluminum oxide warehouse receipts decreased by 16826 tons, indicating a significant reduction in supply [3] - The basis data indicated that several metals, including copper, zinc, aluminum, nickel, tin, industrial silicon, lithium carbonate, and polysilicon, experienced a "backwardation" phenomenon where spot prices were higher than futures prices [3] Group 3 - The basis and basis rate for various metals showed that copper had a basis of 403 CNY with a basis rate of 0.51%, while zinc had a basis of 359 CNY with a basis rate of 1.58% [4] - Aluminum had a basis of 56 CNY and a basis rate of 0.28%, while nickel showed a basis of 1118 CNY with a basis rate of 0.90% [4] - Lithium carbonate had a basis of 2146 CNY and a basis rate of 3.39%, indicating a strong spot market compared to futures [4][5]

Core Insights - The domestic oilseed market showed mixed performance on May 22, with canola meal futures rising over 1% while palm oil and soybean oil futures declined [1][2] Price Movements - Canola meal futures increased by 1.07% to 2554.00 CNY/ton - Palm oil futures decreased by 0.57% to 8058.00 CNY/ton - Soybean oil futures fell by 0.44% to 7778.00 CNY/ton - Soybean futures dropped by 0.21% to 4197.00 CNY/ton [1] Futures Market Data - Soybean oil opened at 7810.00 CNY, closed at 7812.00 CNY - Palm oil opened at 8098.00 CNY, closed at 8104.00 CNY - Canola oil opened at 9436.00 CNY, closed at 9415.00 CNY - Soybean meal opened at 2936.00 CNY, closed at 2908.00 CNY - Canola meal opened at 2547.00 CNY, closed at 2527.00 CNY - Soybean one opened and closed at 4225.00 CNY - Soybean two opened and closed at 3565.00 CNY - Peanut opened at 8374.00 CNY, closed at 8364.00 CNY - Rapeseed opened at 5222.00 CNY, closed at 5216.00 CNY [2] Warehouse Receipt Data - Soybean oil warehouse receipts remained unchanged at 14602 contracts - Palm oil warehouse receipts remained unchanged at 330 contracts - Canola oil warehouse receipts remained unchanged at 2188 contracts - Soybean meal warehouse receipts remained unchanged at 38311 contracts - Canola meal warehouse receipts decreased by 37 contracts to 30947 - Soybean one warehouse receipts increased by 500 contracts to 30736 - Soybean two warehouse receipts remained unchanged at 900 contracts - Peanut warehouse receipts remained unchanged at 600 contracts [3] Basis Data - Canola oil had a basis of 126 CNY with a basis rate of 1.32% - Canola meal had a basis of -42 CNY with a basis rate of -1.69% - Palm oil had a basis of 480 CNY with a basis rate of 5.59% - Soybean one had a basis of 49 CNY with a basis rate of 1.15% - Soybean meal had a basis of 78 CNY with a basis rate of 2.61% - Soybean oil had a basis of 262 CNY with a basis rate of 3.24% [4]

5月21日，国内期市有色金属板块"万红丛中一点绿"，氧化铝主力涨逾2%。截止目前，氧化铝主力上涨 2.54%，报3228.00元/吨；工业硅主力下跌1.31%，报7900.00元/吨；沪锡主力上涨1.25%，报268100.00 元/吨；国际铜主力上涨0.74%，报69670.00元/吨。 5月21日有色金属期货价格行情 | 合约名称 | 开盘价 | 昨收价 | 昨结价 | | --- | --- | --- | --- | | 氧化铝主力 | 3130.00 | 3134.00 | 3148.00 | | 碳酸锂主力 | 61060.00 | 60860.00 | 60740.00 | | 沪铜主力 | 77880.00 | 77540.00 | 77860.00 | | 国际铜主力 | 69090.00 | 68890.00 | 69160.00 | | 沪铝主力 | 20135.00 | 20075.00 | 20060.00 | | 沪铅主力 | 16900.00 | 16845.00 | 16810.00 | | 沪镍主力 | 123450.00 | 122870.00 | 123340.00 | ...

Core Viewpoint - The domestic futures market for oilseeds and oils has shown a significant upward trend, with major increases in prices for various contracts as of May 21, indicating a bullish sentiment in the sector [1][2]. Price Movements - As of May 21, the main contracts for oilseeds and oils have experienced notable price increases: - Rapeseed meal rose by 1.40% to 2532.00 CNY/ton - Soybean meal increased by 1.18% to 2913.00 CNY/ton - Soybean No. 1 went up by 0.79% to 4214.00 CNY/ton - Soybean No. 2 climbed by 0.91% to 3542.00 CNY/ton [1]. Futures Price Data - The opening and closing prices for various oilseed futures on May 21 are as follows: - Soybean oil: Opened at 7820.00 CNY, closed at 7796.00 CNY - Palm oil: Opened at 8098.00 CNY, closed at 8076.00 CNY - Rapeseed oil: Opened at 9390.00 CNY, closed at 9389.00 CNY - Soybean meal: Opened at 2896.00 CNY, closed at 2879.00 CNY - Rapeseed meal: Opened at 2516.00 CNY, closed at 2497.00 CNY - Soybean No. 1: Opened at 4191.00 CNY, closed at 4181.00 CNY - Soybean No. 2: Opened at 3533.00 CNY, closed at 3510.00 CNY - Peanut: Opened at 8366.00 CNY, closed at 8308.00 CNY - Oilseed: Opened at 5152.00 CNY, closed at 5200.00 CNY [2]. Warehouse Receipt Data - As of May 20, the warehouse receipt data for various oilseed futures indicates: - Soybean oil: 14602 contracts, unchanged from the previous trading day - Palm oil: 330 contracts, unchanged - Rapeseed oil: 2188 contracts, down by 2 - Soybean meal: 38311 contracts, unchanged - Rapeseed meal: 30984 contracts, down by 64 - Soybean No. 1: 30236 contracts, up by 653 - Soybean No. 2: 900 contracts, unchanged - Peanut: 600 contracts, down by 138 [3]. Basis and Basis Rate - The basis and basis rates for various commodities as of May 20 are as follows: - Rapeseed oil: Spot price 9520 CNY, futures price 9389 CNY, basis 131 CNY, basis rate 1.38% - Rapeseed meal: Spot price 2475 CNY, futures price 2497 CNY, basis -22 CNY, basis rate -0.89% - Palm oil: Spot price 8636 CNY, futures price 8076 CNY, basis 560 CNY, basis rate 6.48% - Soybean No. 1: Spot price 4255 CNY, futures price 4181 CNY, basis 74 CNY, basis rate 1.74% - Soybean meal: Spot price 2966 CNY, futures price 2879 CNY, basis 87 CNY, basis rate 2.93% - Soybean oil: Spot price 8074 CNY, futures price 7796 CNY, basis 278 CNY, basis rate 3.44% [4].