Group 1: Report Industry Investment Rating - No information provided in the reports Group 2: Core Views - The reports present the latest data and changes in the price spreads, basis, and other indicators of stock index futures, treasury bond futures, precious metals futures, and container shipping futures on November 6 - 7, 2025, including price differences, historical quantiles, and percentage changes [1][2][4][6] Group 3: Summaries by Related Catalogs Stock Index Futures - **Price Spreads**: The current - spot price spreads, inter - period price spreads, and cross - period price spreads of IF, IH, IC, and IM are presented, along with their changes from the previous day and historical quantiles. For example, the current - spot price spread of IC is - 99.32, with a change of 22.02 from the previous day [1] - **Cross - Variety Ratios**: Ratios such as CSI 500/CSI 300, IC/IF, etc., are provided, including their values, changes, and historical quantiles [1] Treasury Bond Futures - **Basis**: The basis of TS, TF, T, and TL is presented, including the latest values, changes from the previous day, and historical quantiles. For example, the basis of T is 1.8116, with a change of 0.0822 from the previous day [2] - **Inter - Period Price Spreads**: Inter - period price spreads such as current - next quarter, current - far quarter, etc., are provided, along with their changes and historical quantiles [2] - **Cross - Variety Price Spreads**: Cross - variety price spreads such as TS - TF, TS - T, etc., are presented, including their values, changes, and historical quantiles [2] Precious Metals Futures - **Futures Closing Prices**: Domestic and foreign futures closing prices of gold and silver are provided, including their changes and percentage changes. For example, the AU2512 contract closed at 917.80 yuan/g on November 6, with a 0.61% increase [4] - **Spot Prices**: Spot prices of London gold, London silver, etc., are presented, including their changes and percentage changes [4] - **Basis**: The basis of gold and silver, such as gold TD - Shanghai gold main contract, is provided, along with its changes and historical quantiles [4] - **Ratios**: Ratios such as COMEX gold/silver, SHFE gold/silver are presented, including their values and changes [4] - **Interest Rates and Exchange Rates**: Values, changes, and percentage changes of 10 - year US Treasury yields, 2 - year US Treasury yields, etc., are provided [4] - **Inventory and Positions**: Inventory and position data of gold and silver in SHFE, COMEX, etc., are presented, including their changes and percentage changes [4] Container Shipping Futures - **Index Data**: SCFIS (European and US West routes), SCFI comprehensive index, etc., are provided, including their changes and percentage changes [6] - **Futures Prices and Basis**: Futures prices of EC2602, EC2512 (main contract), etc., and the basis of the main contract are presented, along with their changes and percentage changes [6] - **Fundamental Data**: Data on global container shipping capacity supply, port on - time rates, port calls, monthly export amounts, and overseas economic indicators are provided, including their changes and percentage changes [6]

Group 1: Stock Index Futures Spread Daily Report Report Industry Investment Rating - Not provided Core View - The report presents the latest values, changes from the previous day, historical 1 - year percentiles, and all - time percentiles of stock index futures spreads, including IF, IH, IC, and IM for both spot - futures spreads and inter - period spreads, as well as cross - variety ratios [1]. Summary by Relevant Catalog - **IF Spreads**: IF spot - futures spread is - 18.60, down 9.34 from the previous day, with a 1 - year percentile of 40.90% and an all - time percentile of 24.70%. For inter - period spreads, differences exist among different contract combinations [1]. - **IH Spreads**: IH spot - futures spread is 0.25, down 3.40 from the previous day, with a 1 - year percentile of 57.30% and an all - time percentile of 57.90%. Inter - period spreads also show various values and changes [1]. - **IC Spreads**: IC spot - futures spread is - 94.00, down 5.40 from the previous day, with a 1 - year percentile of 22.50% and an all - time percentile of 4.00%. Inter - period spreads have significant differences in different combinations [1]. - **IM Spreads**: IM spot - futures spread is - 140.12, down 1.64 from the previous day, with a 1 - year percentile of 65.00% and an all - time percentile of 11.30%. Inter - period spreads vary across different contracts [1]. - **Cross - Variety Ratios**: Ratios such as CSI 500/CSI 300, CSI 500/SSE 50, etc., are presented with their latest values, changes, and percentiles [1]. Group 2: Treasury Bond Futures Spread Daily Report Report Industry Investment Rating - Not provided Core View - The report shows the latest values, changes from the previous day, and percentiles since listing of basis, inter - period spreads, and cross - variety spreads of treasury bond futures, including TS, TF, T, and TL [3]. Summary by Relevant Catalog - **Basis**: For TS, TF, T, and TL, the basis values are 1.7072, 1.8596, 1.7662, and 1.3845 respectively on November 3, 2025, with corresponding changes and percentiles [3]. - **Inter - period Spreads**: Each type of treasury bond futures has different inter - period spreads (e.g., current quarter - next quarter, current quarter - far quarter) with their own values, changes, and percentiles [3]. - **Cross - Variety Spreads**: Spreads between different types of treasury bond futures (e.g., TS - TF, TS - T) are presented with their values, changes, and percentiles [3]. Group 3: Precious Metals Spot - Futures Daily Report Report Industry Investment Rating - Not provided Core View - The report provides domestic and foreign futures closing prices, spot prices, basis, FRA, interest rates, exchange rates, inventory, and positions of precious metals (gold and silver), along with their changes and percentiles [4]. Summary by Relevant Catalog - **Domestic Futures**: AU2512 contract closed at 922.58 yuan/gram on November 3, up 0.66 yuan (0.07%) from the previous day. AG2512 contract closed at 11455 yuan/kg, up 14 yuan (0.12%) [4]. - **Foreign Futures**: COMEX gold and silver futures prices decreased on November 3 compared to the previous day, with COMEX gold down 0.62% and COMEX silver down 0.99% [4]. - **Spot Prices**: London gold and silver, and Shanghai Gold Exchange's T + D prices also changed, with London gold down 0.04% and London silver down 1.21% [4]. - **Basis**: The basis of gold TD - Shanghai gold main contract decreased by 1.48, with a 1 - year percentile of 55.80%. The basis of silver TD - Shanghai silver main contract increased by 18, with a 1 - year percentile of 71.40% [4]. - **FRA and Ratios**: COMEX gold/silver ratio increased by 0.37%, while the Shanghai Futures Exchange gold/silver ratio decreased by 0.05% [4]. - **Interest Rates and Exchange Rates**: 10 - year US Treasury yield increased by 0.5%, the US dollar index increased by 1.52%, and the offshore RMB exchange rate decreased by 0.82% [4]. - **Inventory and Positions**: Some inventories decreased, such as COMEX gold inventory down 0.44% and COMEX silver inventory down 0.02%. SPRD gold ETF position decreased by 0.11% [4]. Group 4: Container Shipping Industry Spot - Futures Daily Report Report Industry Investment Rating - Not provided Core View - The report includes spot quotes, container shipping indices, futures prices, basis, and fundamental data of the container shipping industry, showing their changes and related percentage changes [6]. Summary by Relevant Catalog - **Spot Quotes**: Spot freight rates from Shanghai to Europe of different shipping companies changed on November 4, 2025. For example, MAERSK increased by 8.81%, while CMA decreased by 0.58% [6]. - **Container Shipping Indices**: SCFIS (European route) decreased by 7.92%, while SCFIS (US West route) increased by 14.43%. Shanghai Export Container Freight Index also had different changes in different routes [6]. - **Futures Prices and Basis**: All futures contracts of EC series increased on November 3 compared to the previous day. The basis of the main contract (EC2512) decreased by 12.4 (4.73%) [6]. - **Fundamental Data**: Global container shipping capacity supply remained unchanged. Port on - time rate in Shanghai increased by 133.59%, while port calls decreased by 9.59%. Monthly export volume increased by 2.15%. Overseas economic indicators also changed, such as the eurozone's composite PMI increasing by 1.95% [6].

Report Industry Investment Rating No relevant information provided. Core Viewpoints - For pure benzene, port inventory declined slightly. Low开工 rates of downstream styrene, CPL, and adipic acid dragged down demand, leading to a weak port basis. The domestic开工 rate of pure benzene decreased at an accelerating pace, and attention should be paid to the impact of European and American sanctions on Russian oil on refinery loads [3]. - For styrene, there were still short - term maintenance plans, and new device launches such as Jihua and Guangxi Petrochemical had an impact. Downstream开工 changed little, but提货 was average, and the finished product inventory pressure of the three major hard plastics remained high, resulting in continuous port inventory pressure [3]. Summary by Related Catalogs 1. Pure Benzene and EB's Basis Structure, Inter - period Spread - Figures include pure benzene's main basis and main futures contract price, main contract basis, spot - M2 paper cargo spread, and the spread between the first and third contracts of pure benzene. Also, EB's main contract trend & basis, main contract basis, and the spread between the first and third contracts of styrene are presented [8][12][17] 2. Pure Benzene and Styrene Production Profits, Internal and External Spreads - Figures show naphtha processing fees, the spread between pure benzene FOB Korea and naphtha CFR Japan, styrene non - integrated device production profits, the spread between pure benzene FOB US Gulf and FOB Korea, the spread between pure benzene FOB US Gulf and CFR China, the spread between pure benzene FOB Rotterdam and CFR China, pure benzene import profits, styrene import profits, the spread between styrene FOB US Gulf and CFR China, and the spread between styrene FOB Rotterdam and CFR China [23][25][31] 3. Pure Benzene and Styrene Inventory, Operating Rates - Figures display pure benzene's East China port inventory,开工 rate, styrene's East China port inventory,开工 rate, East China commercial inventory, and factory inventory [42][44][47] 4. Styrene Downstream Operating Rates and Production Profits - Figures present the开工 rates and production profits of EPS, PS, and ABS [53][55][58] 5. Pure Benzene Downstream Operating Rates and Production Profits - Figures show the开工 rates and production profits of caprolactam, phenol - acetone, aniline, adipic acid, PA6 regular spinning bright, nylon filament, bisphenol A, PC, epoxy resin E - 51, pure MDI, and polymer MDI [61][64][76] Strategy - Unilateral: None - Basis and Inter - period: None - Cross - variety: Short - term, buy the spread of pure benzene processing fees (pure benzene - naphtha) at low levels [4]

1. Report Industry Investment Rating No information provided in the given reports. 2. Report Core Views No explicit core views are presented in the reports. The reports mainly provide data on various financial products such as stock index futures spreads, bond futures spreads, precious metals, and container shipping, including the latest values, changes from the previous day, historical quantiles, etc. 3. Summary According to Relevant Catalogs 3.1 Stock Index Futures Spreads - **Futures - Spot Spreads**: For example, the F futures - spot spread is -0.34 with a 1 - year historical quantile of 32.70%, and the IC futures - spot spread is -98.73 with a 1 - year historical quantile of 19.20% [1]. - **Inter - delivery Spreads**: Such as the difference between the next - month and current - month contracts, e.g., for F, the next - month minus current - month is -13.60 with a 1 - year historical quantile of 30.30% [1]. - **Cross - Variety Ratios**: For instance, the IC/IF ratio is 1.5448 with a 1 - year historical quantile of 85.20% [1]. 3.2 Bond Futures Spreads - **Basis**: On October 24, 2025, the TS basis is 1.2902 with a 1 - year historical quantile of 12.50%, and the TF basis is 1.5400 with a 1 - year historical quantile of 40.10% [2]. - **Inter - delivery Spreads**: For example, the difference between the current - quarter and next - quarter contracts for T is 0.3300 with a 1 - year historical quantile of 43.60% [2]. - **Cross - Variety Spreads**: On October 24, 2025, the TS - TF spread is -3.2830 with a 1 - year historical quantile of 12.80% [2]. 3.3 Precious Metals - **Futures and Spot Prices**: On October 24, 2025, the AU2512 contract closed at 938.10, down -0.44% from the previous day, and the COMEX gold主力 contract closed at 4126.90, down -0.39% [3]. - **Basis**: The gold TD - Shanghai gold主力 basis is -2.77 with a 1 - year historical quantile of 44.50%, and the silver TD - Shanghai silver主力 basis is -15 with a 1 - year historical quantile of 67.80% [3]. - **Price Ratios**: The COMEX gold/silver ratio is 85.25, up 0.10% from the previous day, and the Shanghai Futures Exchange gold/silver ratio is 82.78, up 0.74% [3]. - **Interest Rates and Exchange Rates**: The 10 - year US Treasury yield is 4.02, up 0.2% from the previous day, and the US dollar index is 98.94, up 0.01% [3]. - **Inventory and Holdings**: The Shanghai Futures Exchange gold inventory is 87015 kg, unchanged from the previous day, and the COMEX gold inventory is 38877087, down -0.21% [3]. 3.4 Container Shipping - **Spot Quotes**: On October 27, 2025, the MAERSK price for Shanghai - Europe in the next 6 weeks is 2364 dollars/FEU, down -0.38% from the previous day, and the CMA CGM price is 3425 dollars/FEU, up 3.54% [4]. - **Shipping Indexes**: The SCFIS (European route) settlement price index on October 20 is 1140.38 points, up 10.52% from October 13, and the SCFIS (US West route) is 863.46 points, up 0.11% [4]. - **Futures Prices and Basis**: On October 24, 2025, the EC2602 contract is 1601.0, up 1.20% from the previous day, and the basis of the main contract is -368.6, down 8.89% [4]. - **Fundamentals**: The global container shipping capacity supply on October 27 is 3327.99 million TEU, unchanged from the previous day. The port punctuality rate in Shanghai in August is 42.77, up 133.59% from the previous month [4].

Report 1: Stock Index Futures Spread Daily Report Core View - Presents the latest values, historical 1 - year and full - history percentiles, and changes compared to the previous day of various stock index futures spreads (including inter - period spreads and basis spreads) on October 17, 2025 [1]. Summary by Relevant Catalog - **Basis Spreads**: For example, the IF basis spread is - 0.20, the IC basis spread is - 169.53, and the IM basis spread is - 196.84. Different contracts have corresponding basis spread values and percentile data [1]. - **Inter - period Spreads**: Such as the "next month - current month", "quarter month - current month", etc. Each spread has its own latest value, change, and percentile information [1]. Report 2: Treasury Bond Futures Spread Daily Report Core View - Displays the latest values, changes compared to the previous trading day, and percentiles since listing of various spreads (including basis spreads and inter - period spreads) of Treasury bond futures on October 17, 2025 [2]. Summary by Relevant Catalog - **Basis Spreads**: The TS basis is - 0.0217, the TF basis is 1.5010, the T basis is 1.6211, and the TL basis is 0.1552, with corresponding percentile and change data [2]. - **Inter - period Spreads**: Different inter - period spreads like "current quarter - next quarter", "next quarter - far quarter" have their values, changes, and percentiles [2]. - **Cross - variety Spreads**: Spreads such as TS - TF, TS - T, etc. are presented with their data [2]. Report 3: Precious Metals Spot - Futures Daily Report Core View - Provides the closing prices of domestic and foreign precious metals futures, spot prices, basis spreads, ratios, interest rates, exchange rates, inventory, and positions on October 17, 2025 [3]. Summary by Relevant Catalog - **Futures and Spot Prices**: Domestic AU2512 contract closed at 966.42, and foreign COMEX gold closed at 4344.30. Spot London gold was at 4326.48, etc., with corresponding price changes and percentage changes [3]. - **Basis Spreads**: Gold TD - Shanghai gold main contract basis is 0.87, and silver TD - Shanghai silver main contract basis is - 36, with historical 1 - year percentile data [3]. - **Ratios, Interest Rates, and Exchange Rates**: Ratios like COMEX gold/silver, and interest rates of 10 - year and 2 - year US Treasury bonds, as well as the US dollar index and offshore RMB exchange rate are provided [3]. - **Inventory and Positions**: Information on inventories of Shanghai Futures Exchange and COMEX, and positions of ETFs are given [3]. Report 4: Container Shipping Industry Spot - Futures Daily Report Core View - Shows the spot quotes, container shipping indices, futures prices, basis spreads, and fundamental data of the container shipping industry on October 17, 2025 [4]. Summary by Relevant Catalog - **Spot Quotes**: Spot quotes of shipping routes from Shanghai to Europe by different shipping companies (e.g., MAERSK, CMA) are presented with price changes and percentage changes [4]. - **Container Shipping Indices**: Settlement price indices of European and US - West routes, and Shanghai export container freight indices have corresponding price changes and percentage changes [4]. - **Futures Prices and Basis Spreads**: Futures prices of different contracts (e.g., EC2602, EC2604) and the basis spread of the main contract are provided [4]. - **Fundamental Data**: Data on global container shipping capacity supply, port - related indicators in Shanghai, monthly export amounts, and overseas economic indicators are presented [4].

Report 1: Stock Index Futures Spread Daily Report - **Core View**: Presents the latest values, changes from the previous day, and historical quantiles of various stock index futures spreads on September 29, 2025, including price spreads between different contract months and across different varieties [1]. - **Summary by Category**: - **IF Spreads**: The current - spot spread is 6.24, with a 30.30% historical 1 - year quantile and 2.60% all - time quantile. Different inter - period spreads also show specific values and quantiles, such as the next month - current month spread being - 10.80 [1]. - **IH Spreads**: The current - spot spread is - 160.91, and various inter - period spreads have their own values and quantiles, e.g., the next month - current month spread is - 66.80 [1]. - **IC Spreads**: The current - spot spread is - 208.39, and inter - period spreads like the next month - current month are presented with corresponding values and quantiles [1]. - **IM Spreads**: Similar to the above, it shows current - spot and inter - period spreads with specific values and quantiles [1]. - **Cross - Variety Ratios**: Ratios such as CSI 500/CSI 300, IC/IF, etc., are provided with their latest values, changes, and historical quantiles [1]. Report 2: Treasury Bond Futures Spread Daily Report - **Core View**: Displays the latest values, changes from the previous trading day, and historical quantiles of different types of spreads for treasury bond futures on September 29, 2025, including basis, inter - period spreads, and cross - variety spreads [2]. - **Summary by Category**: - **Basis**: TS basis is 1.4131, TF basis is 1.3377, T basis is 1.2219, and TL basis is 1.2939, each with corresponding changes and historical quantiles [2]. - **Inter - period Spreads**: For different contracts like TS, TF, T, and TL, spreads between the current quarter, next quarter, and far - quarter contracts are given with their values, changes, and historical quantiles [2]. - **Cross - Variety Spreads**: Spreads such as TS - TF, TS - T, etc., are presented with their latest values, changes, and historical quantiles [2]. Report 3: Precious Metals Spot - Futures Daily Report - **Core View**: Compares the closing prices of domestic and foreign precious metals futures, spot prices, and other related indicators on September 29, 2025, including changes and historical quantiles [4]. - **Summary by Category**: - **Domestic Futures**: The AU2512 contract closed at 854.72 yuan/gram on September 25, with a 0.16% increase from August 26. The AG2512 contract closed at 10411 yuan/kilogram, up 2.12% [4]. - **Foreign Futures**: COMEX gold and silver futures show increases, with COMEX gold closing at 3789.80 and COMEX silver at 46.37 dollars/ounce on September 26 [4]. - **Spot Prices**: London gold and silver also increased, with London gold at 3758.78 and London silver at 46.03 dollars/ounce on September 26 [4]. - **Other Indicators**: Differences like gold TD - Shanghai gold and ratios such as COMEX gold/silver are presented, along with changes in yields, exchange rates, inventories, and ETF holdings [4]. Report 4: Container Shipping Industry Spot - Futures Daily Report - **Core View**: Analyzes the spot quotes, index changes, futures prices, basis, and fundamental data of the container shipping industry on September 29, 2025 [5]. - **Summary by Category**: - **Spot Quotes**: Shipping rates from Shanghai to Europe for different companies like MAERSK, CMA, etc., show different changes, with CMA having a 3.14% increase [5]. - **Container Shipping Indexes**: Indexes such as SCFIS (European route) and SCFI composite index decreased, with SCFIS (European route) down 12.87% [5]. - **Futures Prices and Basis**: Futures contracts like EC2602 and EC2510 (main contract) show price changes, and the basis of the main contract increased by 443.46% [5]. - **Fundamental Data**: Global container shipping capacity supply remained unchanged, while port - related indicators and overseas economic indicators showed various changes, such as the Shanghai port on - time rate decreasing by 43.80% [5].

Report on Stock Index Futures Price Spread Core Data - **Price Spread of Stock Index Futures**: IF spot - futures spread is -25.58, with a change of 0.0096 from the previous day; IC spot - futures spread is -211.93, with a change of 0.40%; IM spot - futures spread is -259.28, with a change of -11.89 and a historical 1 - year quantile of 0.10%. Different contracts' inter - term spreads also show various values and changes [1]. Summary - The report presents detailed data on the price spreads of different stock index futures contracts, including spot - futures spreads and inter - term spreads, as well as their historical quantiles, which helps investors understand the current price relationships and trends in the stock index futures market [1]. Report on Treasury Bond Futures Price Spread Core Data - **Basis and Inter - term Spreads**: On September 22, 2025, TS basis is -0.0467, TF basis is 1.6521, T basis is 1.6415, and TL basis is 0.6767. Different contracts' inter - term spreads and their changes and historical quantiles are also provided, such as TS inter - term spreads (e.g., current quarter - next quarter is 0.0660 with a change of -0.0080 and a historical quantile of 38.60%) [2]. Summary - The report offers comprehensive information on the basis and inter - term spreads of treasury bond futures, enabling investors to analyze the price differences and trends in the treasury bond futures market [2]. Report on Precious Metals Spot - Futures Core Data - **Prices and Changes**: On September 22, 2025, the domestic AU2512 contract price is 846.50 yuan/gram, up 1.92% from September 19; the AG2512 contract price is 10317 yuan/kilogram, up 3.47%. The international COMEX gold and silver contracts also show price increases. Spot prices of London gold and silver, as well as domestic gold and silver T + D, also rise. The basis, ratio, interest rates, exchange rates, inventories, and holdings data are also presented [4]. Summary - The report provides a detailed overview of the price changes, basis, ratio, and related market data of precious metals in both domestic and international markets, which is useful for investors to assess the precious metals market [4]. Report on Container Shipping Industry Spot - Futures Core Data - **Spot and Futures Prices**: On September 22, 2025, the spot freight rates of different shipping companies on the Shanghai - Europe route show different changes. The settlement price indices of shipping routes, such as SCFIS (European route) and SCFIS (US - West route), decline. Futures contract prices of container shipping, like EC2602 and EC2604, increase. The basis of the main contract changes significantly. Fundamental data on shipping capacity supply, port - related indicators, export volume, and overseas economic data are also provided [6]. Summary - The report presents a comprehensive picture of the container shipping industry, including spot and futures prices, basis, and fundamental data, helping investors understand the industry's market conditions and trends [6].

1. Report Industry Investment Rating There is no information provided in the reports regarding the industry investment rating. 2. Core Views The reports present a comprehensive analysis of various financial products including stock index futures, treasury bond futures, precious metals, and container shipping industry. They provide detailed data on price differences, price changes, and historical percentile rankings, which can help investors understand the market trends and potential investment opportunities in these sectors. 3. Summary by Related Catalogs Stock Index Futures - **IF Contracts**: The IF spot - futures price difference is -10.91, with a change of -13.09 from the previous day, and the historical 1 - year percentile is 40.50%. Different IF inter - period price differences also show various values and changes, such as the next - month minus current - month being -11.20 with a change of 0.20 and a historical 1 - year percentile of 34.80% [1]. - **IH Contracts**: The IH spot - futures price difference is -2.03, with a change of -5.45, and the historical 1 - year percentile is 46.40%. IH inter - period price differences have their own values and percentile rankings [1]. - **IC Contracts**: The IC spot - futures price difference is -28.28, with a change of -20.65, and the historical 1 - year percentile is 57.50%. IC inter - period price differences show different characteristics [1]. - **IM Contracts**: The IM spot - futures price difference is -21.60, with a change of -13.79, and the historical 1 - year percentile is 75.00%. IM inter - period price differences are also presented [1]. - **Cross - Variety Ratios**: Ratios such as IC/IF, ICMH, IF/IH, and IM/IF are provided, along with their changes and historical percentile rankings [1]. Treasury Bond Futures - **Basis**: The TS basis is 1.5173, with a change of -0.0347, and the percentile since listing is 22.10%. TF, T, and TL bases also have their own values, changes, and percentile rankings [2]. - **Inter - period Spreads**: Different inter - period spreads for TS, TF, T, and TL contracts are given, including values, changes, and percentile rankings since listing [2]. - **Cross - Variety Spreads**: Cross - variety spreads such as TS - TF, TS - T, TF - T, etc. are presented with their values, changes, and percentile rankings [2]. Precious Metals - **Futures Closing Prices**: Domestic and foreign futures closing prices of gold and silver are reported, along with their price changes and percentage changes. For example, the AU2510 contract closed at 824.10 yuan/gram on September 18, down 10.98 yuan or -1.31% from the previous day [4]. - **Spot Prices**: Spot prices of gold and silver in different markets are provided, including London, Shanghai Gold Exchange, etc., along with their price changes and percentage changes [4]. - **Basis**: The basis values for gold and silver, such as gold TD - Shanghai gold main contract, silver TD - Shanghai silver main contract, etc., are given, along with their changes and historical 1 - year percentile rankings [4]. - **Ratios, Interest Rates, and Exchange Rates**: Ratios like COMEX gold/silver,上期所金/银, and interest rates (10 - year US Treasury bond yield, 2 - year US Treasury bond yield, etc.) and exchange rates (US dollar index, offshore RMB exchange rate) are presented with their changes and percentage changes [4]. - **Inventory and Positions**: Inventory and position data for gold and silver in different markets are provided, including上期所黄金库存,上期所白银库存, COMEX gold inventory, etc., along with their changes and percentage changes [4]. Container Shipping Industry - **Spot Quotes**: Spot quotes for container shipping from Shanghai to Europe by different shipping companies are given, along with their price changes and percentage changes. For example, MAERSK's price on September 19 was 1570 dollars/FEU, up 18 dollars or 1.16% from the previous day [6]. - **Shipping Indexes**: Settlement price indexes such as SCFIS (European route), SCFIS (US West route), and Shanghai export container freight rates (SCFI) are presented, along with their price changes and percentage changes [6]. - **Futures Prices and Basis**: Futures prices of different container shipping contracts (EC2602, EC2604, etc.) and the basis of the main contract are provided, along with their price changes and percentage changes [6]. - **Fundamental Data**: Fundamental data including global container shipping capacity supply, port - related indicators in Shanghai, monthly export amounts, and overseas economic indicators are given, along with their changes and percentage changes [6].

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 financial products including stock index futures, treasury bond futures, precious metals, and container shipping. They offer daily updates on price differentials, historical percentile rankings, and price movements, which can assist investors in understanding market trends and making investment decisions. 3. Summary by Report Type Stock Index Futures Spread Daily Report - **Price Differentials**: Provides price differentials for various stock index futures contracts such as IF, IH, IC, and IM, including spot - futures spreads and inter - period spreads. For example, the IF spot - futures spread is 2.78, and the IF inter - period spread (next month - current month) is - 9.40 [1]. - **Historical Percentiles**: Presents historical 1 - year and all - time percentiles for each spread, which helps 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 69.60% [1]. - **Cross - Variety Ratios**: Offers ratios between different stock index futures, like IC/IF, IC/IH, and IF/IH, along with their historical percentiles [1]. Treasury Bond Futures Spread Daily Report - **Basis and IRR**: Reports the basis and implied repo rate (IRR) for different treasury bond futures contracts (TS, TF, T, TL). For example, the TS basis on September 16, 2025, is 1.5336, with an IRR change of - 0.0395 [2]. - **Inter - Period Spreads**: Provides inter - period spreads for different contracts, such as the TS inter - period spread (current quarter - next quarter) of 0.0660 on September 16, 2025 [2]. - **Cross - Variety Spreads**: Presents cross - variety spreads between different treasury bond futures, like TS - TF, TS - T, etc. For example, the TS - TF spread on September 16, 2025, is - 3.3810 [2]. Precious Metals Spot - Futures Daily Report - **Futures and Spot Prices**: Reports domestic and foreign futures closing prices, spot prices, and their changes for gold and silver. For example, the AU2510 contract price increased by 10.48 (1.26%) on September 16, 2025, compared to the previous day [5]. - **Basis and Ratios**: Provides basis values and ratios between different precious metal products, along with their historical percentiles. For instance, the gold TD - Shanghai gold main contract basis is - 3.98, with a historical 1 - year percentile of 16.00% [5]. - **Interest Rates, Exchange Rates, and Inventories**: Reports interest rates, exchange rates, and inventory data for precious metals. For example, the 10 - year US Treasury yield decreased by 0.01 ( - 0.2%) [5]. Container Shipping Industry Spot - Futures Daily Report - **Spot Quotes and Indexes**: Reports spot quotes for Shanghai - Europe shipping routes and various shipping indexes, including their changes. For example, the SCFIS (European route) decreased by 116.2 ( - 7.47%) from September 8 to September 15 [7]. - **Futures Prices and Basis**: Provides futures prices and basis values for container shipping futures contracts. For example, the EC2602 contract price increased by 55.2 (3.64%) from September 15 to September 16, and the basis (main contract) decreased by 155.8 ( - 125.18%) [7]. - **Fundamental Data**: Reports fundamental data such as global container shipping capacity supply, port - related indicators, and overseas economic data. For example, the global container shipping capacity supply remained unchanged at 3305.11 million TEU on September 17 compared to the previous day [7].

Group 1: Stock Index Futures Spread Daily Report Core Data - **Price - Spot Spread**: For example, the price - spot spread of IH is 2.78, with a change of 2.99 compared to the previous day, and its historical 1 - year and all - time percentiles are 69.60% and 73.20% respectively [1]. - **Inter - period Spread**: Such as the spread between the next - month and current - month contracts of IF is - 9.40, changing by - 1.40 from the previous day, with 1 - year and all - time percentiles of 36.00% and 38.30% [1]. - **Cross - variety Ratio**: The ratio of IC/IF is 1.5863, changing by 0.0151, and its 1 - year and all - time percentiles are 99.50% and 96.20% [1]. Group 2: Treasury Bond Futures Spread Daily Report Core Data - **Basis**: On September 16, 2025, the basis of TS is 1.5336, changing by - 0.0395 compared to the previous day, and its percentile since listing is 22.80% [2]. - **Inter - period Spread**: For example, the spread between the current - quarter and next - quarter contracts of TS is 0.0660, changing by 0.0060, with a percentile of 38.70% since listing [2]. - **Cross - variety Spread**: The spread of TS - TF is - 3.3810, changing by - 0.1020, and its percentile since listing is 9.80% [2]. Group 3: Precious Metals Spot - Futures Daily Report Core Data - **Futures Closing Price**: The AU2510 contract closed at 842.08 yuan/gram on September 16, 2025, up 10.48 yuan or 1.26% from the previous day [5]. - **Spot Price**: The price of London Gold on September 16, 2025, was 3689.59 dollars/ounce, up 10.70 dollars or 0.29% from the previous day [5]. - **Basis**: The basis of Gold TD - Shanghai Gold main contract is - 3.98, changing by - 0.41, and its 1 - year percentile is 16.00% [5]. - **Ratio**: The ratio of COMEX gold/silver is 86.93, changing by 0.81 or 0.94% [5]. - **Interest Rate and Exchange Rate**: The 10 - year US Treasury yield on September 16, 2025, was 4.04%, down 0.01% from the previous day [5]. - **Inventory and Position**: The inventory of Shanghai Futures Exchange gold on September 16, 2025, was 53226 kg, unchanged from the previous day [5]. Group 4: Container Shipping Industry Spot - Futures Daily Report Core Data - **Spot Quotation**: On September 12, 2025, the freight rate of MAERSK from Shanghai to Europe was 1705 dollars/FEU, down 81 dollars or 4.54% from September 11 [7]. - **Container Shipping Index**: The SCFIS (European route) settlement price index on September 15, 2025, was 1440.24, down 116.2 or 7.47% from September 8 [7]. - **Futures Price and Basis**: The EC2602 contract closed at 1572.1 on September 16, 2025, up 55.2 or 3.64% from September 15, and the basis of the main contract was - 31.4, down 155.8 or 125.18% [7]. - **Fundamental Data**: The global container shipping capacity supply on September 17, 2025, was 3305.11 million TEU, unchanged from September 16 [7]. - **Overseas Economy**: The Eurozone's composite PMI in August 2025 was 51.00, up 0.10 or 0.20% from July [7].