Group 1: Report Industry Investment Rating - No information provided Group 2: Core Viewpoints of the Report - No information provided Group 3: Summary Based on Relevant Catalogs 1. Basis and Spread - The Shandong basis (+80) (Hongrun) changed from 172 on 10/10 to -2970 on 11/11, with a daily change of -2964 [3]. - The East China basis (Zhenjiang Warehouse) changed from 72 on 10/10 to -3050 on 11/11, with a daily change of -3184 [3]. - The South China basis (Foshan Warehouse) changed from 62 on 10/10 to -3050 on 11/11, with a daily change of -3244 [3]. - The 12 - 01 spread changed from 28 on 10/10 to 1 on 11/11, with a daily change of 3 [3]. - The 12 - 03 spread changed from 6 on 10/10 to -39 on 11/11, with a daily change of 7 [3]. - The 01 - 02 spread changed from -4 on 10/10 to -14 on 11/11, with a daily change of 3 [3]. 2. BU Main Contract - The BU main contract (01) price changed from 3328 on 10/10 to 3050 on 11/11, with a daily change of 14 [3]. - The trading volume changed from 323321 on 10/10 to 314162 on 11/11, with a daily change of -8556 [3]. - The open interest changed from 322594 on 10/10 to 339671 on 11/11, with a daily change of -11390 [3]. - The warehouse receipts remained at 4690 from 11/5 to 11/11 [3]. 3. Spot Market - Brent crude oil price changed from 62.7 on 10/10 to 64.1 on 11/11, with a daily change of 0.4 [3]. - Jingbo's spot price changed from 3540 on 10/10 to 0 on 11/11, with a daily change of -2990 [3]. - Hongrun's spot price changed from 3420 on 10/10 to 0 on 11/11, with a daily change of -2950 [3]. - Zhenjiang Warehouse's spot price changed from 3400 on 10/10 to 0 on 11/11, with a daily change of -3170 [3]. - Foshan Warehouse's spot price changed from 3390 on 10/10 to 0 on 11/11, with a daily change of -3230 [3]. 4. Profit - The asphalt - Ma Rui profit changed from 492 on 10/10 to 68 on 11/11, with a daily change of -28 [3]. - The comprehensive profit of Ma Rui - type refineries changed from 910 on 10/10 to -757 on 11/11, with a daily change of -1450 [3].

Industry Investment Rating - No information provided Core Viewpoints - The asphalt market is expected to fluctuate. The supply is likely to increase with some refineries planning to resume production, while the demand will gradually weaken. The crude oil price is also oscillating, and the asphalt futures price is showing a weak downward trend [1]. Summary by Relevant Catalogs Market Analysis - Last week, the asphalt operating rate decreased by 1.8 percentage points to 31.5% week-on-week, 3.5 percentage points higher than the same period last year, at a relatively low level in recent years. In November, the domestic asphalt production is expected to be 2.228 million tons, a decrease of 454,000 tons (16.9%) month-on-month and 274,000 tons (11.0%) year-on-year [1]. - Last week, most of the downstream industries' operating rates increased, with the road asphalt operating rate rising by 1 percentage point to 34% week-on-week, slightly exceeding the same period last year, but restricted by funds and weather [1]. - In the East China region, the supply and shipments decreased significantly last week. The national shipments decreased by 6.79% to 308,800 tons week-on-week, at a neutral level [1]. - The inventory-to-sales ratio of asphalt refineries continued to decline slightly, remaining at the lowest level in recent years. Some refineries such as Sinochem Quanzhou and Jincheng Petrochemical plan to resume production, which will increase asphalt production [1]. - The market has digested the news of Russian oil sanctions. The meeting between Chinese and US leaders basically met market expectations, and the relationship between the two countries has not changed fundamentally. OPEC+ decided to increase production by 137,000 barrels per day in December but suspend production increase in the first quarter of next year. The crude oil price is oscillating [1]. - The concentrated release of long-term low-price resources from refineries has led to a significant decline in the asphalt basis in Shandong recently, which is currently at a neutral level. The spot price has continued to decline, and the asphalt futures price has shown a weak downward trend [1]. Futures and Spot Market - Today, the asphalt futures contract 2601 rose 0.56% to 3,050 yuan/ton, below the 5-day moving average, with a minimum price of 3,015 yuan/ton and a maximum price of 3,064 yuan/ton. The open interest decreased by 14,840 to 193,828 lots [2]. - The mainstream market price in Shandong remained at 3,010 yuan/ton, and the basis of the asphalt 01 contract fell to -40 yuan/ton, at a neutral level [3]. Fundamental Tracking - On the supply side, some refineries such as Sinochem Quanzhou and PetroChina Qinhuangdao stopped asphalt production. The asphalt operating rate decreased by 1.8 percentage points to 31.5% week-on-week, 3.5 percentage points higher than the same period last year, at a relatively low level in recent years [1][4]. - From January to September, the national highway construction investment decreased by 6.0% year-on-year. The cumulative year-on-year growth rate slightly rebounded compared with January - August 2025 but remained negative. The fixed - asset investment in road transportation from January to September 2025 decreased by 2.7% year-on-year, slightly rebounding from -3.3% in January - August 2025 but still in a negative growth situation. The fixed - asset investment in infrastructure construction (excluding electricity) from January to September 2025 increased by 1.1% year-on-year, continuing to decline from 2.0% in January - August 2025 [4]. - As of the week of November 7, most of the downstream industries' operating rates increased, with the road asphalt operating rate rising by 1 percentage point to 34% week-on-week, slightly exceeding the same period last year, restricted by funds and weather [1][4]. - From January to September 2025, the year-on-year growth rate of social financing stock was 8.7%, 0.1 percentage point lower than that from January to August. In September, the new social financing reached 3.53 trillion yuan, but year-on-year it was 233.5 billion yuan less due to the high base. Attention should be paid to the progress of forming physical work volume [4]. - As of the week of November 7, the inventory-to-sales ratio of asphalt refineries decreased by 1.2 percentage points to 14.1% compared with the week of October 31, remaining at the lowest level in recent years [4].

1. Report Information - Report Title: "Guangqi Black: Iron Ore Basis and Spread Monitoring Daily Report" [1] - Report Date: November 11, 2025 [1] 2. Futures Contract Price and Spread 2.1 Futures Contract Price - I05 closed at 742.0 yuan/ton today, up 2.0 yuan from the previous day [3] - I09 closed at 722.0 yuan/ton today, unchanged from the previous day [3] - I01 closed at 765.0 yuan/ton today, up 4.5 yuan from the previous day [3] 2.2 Futures Contract Spread - The spread between I05 and I09 was 20.0 yuan/ton today, up 2.0 yuan from the previous day [3] - The spread between I09 and I01 was -43.0 yuan/ton today, down 4.5 yuan from the previous day [3] - The spread between I01 and I05 was 23.0 yuan/ton today, up 2.5 yuan from the previous day [3] 3. Basis Data 3.1 Basis Data of Different Iron Ore Varieties - For example, the basis of Carajás fines was 71 yuan/ton today, down 5 yuan from the previous day [5] - The basis of BRBF was 78 yuan/ton today, down 2 yuan from the previous day [5] 3.2 Changes in Basis - Most varieties showed a decrease in basis compared to the previous day, while the basis of Wugang Standard fines increased by 1 yuan [5] 4. Changes in Deliverable Brands and Rules 4.1 Addition of Deliverable Brands - Four new deliverable varieties (Benxi Iron Concentrate, IOC6, KUMBA, Ukrainian Iron Concentrate) were added starting from the I2202 contract, with a brand premium of 0 [10] - Four more brands (Taigang Iron Concentrate, Magang Iron Concentrate, Wugang Standard fines, SP10 fines) were added as deliverable brands, with a brand premium of 0 [10] 4.2 Adjustment of Brand Premiums - Only PB fines, BRBF, and Carajás fines have a brand premium of 15 yuan/ton, while the rest of the deliverable brands have a brand premium of 0 yuan/ton [10] 4.3 Adjustment of Substitute Quality Differences and Premiums - The allowable range of iron grade was adjusted to ≥56%, and the allowable ranges of silica, alumina, phosphorus, and sulfur were set [10] - An X value was introduced to dynamically adjust the premium of iron element indicators, with different calculation methods based on the average settlement price of the nearest delivery month contract [10] 5. Variety Spread 5.1 Variety Spread Data - The spread between PB lump and PB fines was 102.0 yuan/ton today, down 5.0 yuan from the previous day [12] - The spread between Carajás fines and Newman fines was 106.0 yuan/ton today, down 2.0 yuan from the previous day [12] 5.2 Variety Spread Changes - Most variety spreads showed a decreasing trend compared to the previous day, while some spreads such as PB fines - Super Special fines increased [12] 6. Research Team Introduction - The black research team includes Qiu Yuecheng, Zhang Xiaojin, Liu Xi, and Zhang Chunjie, each with rich experience and professional qualifications [23]

1. Index Trends - On November 10, the Shanghai Composite Index rose 0.53% to close at 4018.6 points, with a trading volume of 960.589 billion yuan; the Shenzhen Component Index rose 0.18% to close at 13427.61 points, with a trading volume of 1213.865 billion yuan [1]. - The CSI 1000 Index rose 0.28%, with a trading volume of 433.798 billion yuan. Its opening price was 7568.75, closing price was 7563.25, the highest price was 7592.76, and the lowest price was 7515.68 [1]. - The CSI 500 Index rose 0.22%, with a trading volume of 371.311 billion yuan. Its opening price was 7357.34, closing price was 7343.8, the highest price was 7384.79, and the lowest price was 7289.77 [1]. - The SSE 300 Index rose 0.35%, with a trading volume of 593.977 billion yuan. Its opening price was 4688.12, closing price was 4695.05, the highest price was 4695.18, and the lowest price was 4654.21 [1]. - The SSE 50 Index rose 0.51%, with a trading volume of 139.907 billion yuan. Its opening price was 3043.51, closing price was 3053.86, the highest price was 3054.55, and the lowest price was 3030.23 [1]. 2. Impact of Sector Movements on Indexes - The CSI 1000 rose 21.37 points from the previous closing price. Sectors such as household appliances, pharmaceuticals and biotech, and basic chemicals significantly pulled the index up, while sectors like machinery, automobiles, and power equipment pulled it down [2]. - The CSI 500 rose 15.89 points from the previous closing price. Sectors such as pharmaceuticals and biotech, non - bank finance, and non - ferrous metals significantly pulled the index up, while sectors like machinery, electronics, and power equipment pulled it down [2]. - The SSE 300 rose 16.26 points from the previous closing price. Sectors such as food and beverage, non - bank finance, and banks significantly pulled the index up, while sectors like machinery, power equipment, and electronics pulled it down [2]. - The SSE 50 rose 15.51 points from the previous closing price. Sectors such as food and beverage, non - bank finance, and banks significantly pulled the index up, while sectors like machinery and electronics pulled it down [2]. 3. Stock Index Futures Basis and Annualized Opening Costs - For IM contracts, IM00 had an average daily basis of - 57.03, IM01 had - 142.23, IM02 had - 361.89, and IM03 had - 580.67 [12]. - For IC contracts, IC00 had an average daily basis of - 43.2, IC01 had - 107.51, IC02 had - 277.1, and IC03 had - 467.73 [12]. - For IF contracts, IF00 had an average daily basis of - 9.52, IF01 had - 25.0, IF02 had - 54.69, and IF03 had - 98.5 [12]. - For IH contracts, IH00 had an average daily basis of - 0.02, IH01 had - 1.49, IH02 had - 5.36, and IH03 had - 11.46 [12]. 4. Stock Index Futures Roll - over Point Differences and Annualized Costs - Data on IM, IC, IF, and IH roll - over point differences and their annualized costs are presented in the report, including detailed values at different time points [20][21][22]

1. Report Industry Investment Rating - No relevant information provided in the reports. 2. Core Views - The reports present daily data on various futures, including stock index futures, treasury bond futures, precious metal futures, and container shipping futures. They show price changes, spreads, and related market indicators for these futures on November 10 - 11, 2025 [1][2][4][5]. 3. Summary by Related Catalogs Stock Index Futures - **Price Differences**: The reports provide data on the price differences between futures and spot prices, as well as inter - period and cross - variety price differences for IF, IH, IC, and IM futures. For example, the IF period - spot price difference was - 23.05, a change of - 3.66 from the previous day [1]. - **Percentiles**: Historical 1 - year and full - historical percentiles are given for each price difference, which can help investors understand the relative position of current price differences in history. For instance, the historical 1 - year percentile of the IF period - spot price difference was 37.20% [1]. Treasury Bond Futures - **IRR and Basis**: The internal rate of return (IRR) and basis data are provided for TS, TF, T, and TL treasury bond futures. For example, the TS basis was 1.5852, a change of - 0.0211 from the previous day, and the IRR percentile was 25.70% [2]. - **Inter - period and Cross - variety Spreads**: Data on inter - period spreads (e.g., current quarter - next quarter) and cross - variety spreads (e.g., TS - TF) are presented, along with their percentiles since listing [2]. Precious Metal Futures - **Prices**: Domestic and foreign futures closing prices, as well as spot prices, are provided for gold and silver. For example, the AU2512 contract closed at 935.98 yuan/gram on November 10, a rise of 14.72 yuan from November 7 [4]. - **Spreads and Ratios**: The reports show basis spreads, cross - variety ratios, and changes in interest rates and exchange rates. For example, the COMEX gold/silver ratio was 81.81 on November 10, a decrease of 1.30 from the previous value [4]. Container Shipping Futures - **Index and Price**: The settlement price indices of SCFIS for European and US - West routes, as well as the Shanghai Export Container Freight Index (SCFI), are provided. Futures prices and basis spreads for different contracts are also given. For example, the SCFIS (European route) was 1504.80 on November 10, a 24.50% increase from November 3 [5]. - **Fundamentals**: Data on container shipping fundamentals, such as global container shipping capacity supply, port punctuality, and overseas economic indicators, are presented. For example, the global container shipping capacity supply was 3338.60 million TEU on November 10, a marginal increase from the previous day [5].

Report Summary 1. Investment Rating There is no specific investment rating provided in the report. 2. Core View The report indicates that the contradictions in the live - hog spot market continue to accumulate, and the market will experience short - term fluctuations [1]. 3. Summary by Directory 3.1 Fundamental Tracking - **Spot Prices**: The Henan spot price is 12,080 yuan/ton with a year - on - year increase of 100 yuan/ton; the Sichuan spot price is 11,600 yuan/ton with a year - on - year increase of 100 yuan/ton; the Guangdong spot price is 12,560 yuan/ton with a year - on - year increase of 200 yuan/ton [1]. - **Futures Prices**: The prices of live - hog 2601, 2603, and 2605 are 11,955 yuan/ton, 11,555 yuan/ton, and 12,070 yuan/ton respectively, with year - on - year increases of 90 yuan/ton, 90 yuan/ton, and 65 yuan/ton [1]. - **Trading Volume and Open Interest**: The trading volume of live - hog 2601 is 75,909 lots, a decrease of 642 lots from the previous day, and the open interest is 130,519 lots, a decrease of 5,241 lots from the previous day; for live - hog 2603, the trading volume is 18,458 lots, an increase of 2,883 lots, and the open interest is 108,361 lots, a decrease of 797 lots; for live - hog 2605, the trading volume is 11,068 lots, an increase of 2,154 lots, and the open interest is 61,105 lots, an increase of 555 lots [1]. - **Basis and Spreads**: The basis of live - hog 2601, 2603, and 2605 are 125 yuan/ton, 525 yuan/ton, and 10 yuan/ton respectively, with year - on - year increases of 10 yuan/ton, 10 yuan/ton, and 35 yuan/ton; the 1 - 3 spread is 400 yuan/ton with no year - on - year change, and the 3 - 5 spread values are 0, - 515, 25, 400 yuan/ton [1][4]. 3.2 Market Information In September, the national feed production of the Feed Industry Association was 30.36 million tons, with a month - on - month increase of 3.4% and a year - on - year increase of 5% [2]. 3.3 Trend Intensity The trend intensity is 0, indicating a neutral market sentiment. The range of trend intensity is an integer in the [-2, 2] interval, where - 2 represents the most bearish view and 2 represents the most bullish view [3].

Report Industry Investment Rating - No relevant content provided Core Viewpoints - In October 2025, the domestic corn market showed a "rising first, then falling" oscillating trend. At the beginning of the month, due to continuous rainy weather, the harvest and listing progress of new - season corn was slower than expected, with tight market supply supporting the price. In the middle and late - month, as the weather cleared, the supply pressure emerged as new grain volume increased and downstream demand was cautious. The overall price center shifted down compared to September [3]. Summary by Directory 1. Futures Market 1.1 Contract Price Analysis - The opening price of the corn futures c2601 contract in October was 2,118 yuan/ton, with a maximum of 2,152 yuan/ton and a minimum of 2,094 yuan/ton. As of October 31, the closing price was 2,130 yuan/ton, the same as the previous month's closing price. The position was 931,100 lots, and the trading volume was 7,567,700 lots [4]. 1.2 Variety Market Analysis - In the monthly corn futures market, prices rose more than they fell. The total position was 1,772,414 lots, and the trading volume was 13,721,901 lots [8]. 1.3 Associated Market Analysis - In October, the trading volume of corn options was 2,203,616 lots, the total position was 233,188 lots, with a decrease of 130,217 lots. The total number of exercises in the month was 57,481 [10]. 2. Spot Market 2.1 Basis Data - The basis in domestic corn - producing areas first strengthened and then weakened. In the first half - month, continuous rainy weather led to tight spot supply and a strong spot price, while the futures price was relatively weak. In the second half - month, as the weather cleared, new grain volume increased, the spot price fell, and the basis narrowed [11]. 2.2 Registered Warehouse Receipts - The total number of corn futures warehouse receipts first remained stable and then increased, but the overall level was at a historical low. The low level in October supported the futures market, but the end - of - month increase indicated that spot pressure was being transmitted to the futures market [12]. 3. Influencing Factors 3.1 Industry Information - The National Bureau of Statistics and relevant institutions released the 2025/26 corn production forecast. Concerns about new - grain quality emerged due to rainy weather. Relevant institutions such as Sinograin signaled to enter the market for purchases. Imported grains continued to arrive at ports, affecting domestic prices. Market attention focused on the start - up of drying towers and farmers' selling attitudes, and logistics costs affected the grain circulation pattern [13][14]. 3.2 Technical Analysis - The corn futures c2601 contract showed a "bottom - hunting and rebounding" trend. After the National Day, the price fell to a new low due to supply pressure. In the middle and late - month, it bottomed out and rebounded as it fell below the planting cost and with policy support. The MACD indicator showed declining downward momentum and accumulating upward momentum [15]. 4. Market Outlook - Northeast and North China are about to enter the peak period of new - season corn listing. Farmers' selling willingness will be the key to the spot price. Downstream demand is weak, and it's difficult to drive price increases independently. In the short - term, the price of the corn C2601 contract is expected to oscillate and bottom out, with a possible narrowing of the fluctuation range. Future attention should be paid to farmers' selling attitudes, policy - based purchases, and the impact of weather on logistics [18].

Report Overview - This is the Baocheng Futures Variety Arbitrage Data Daily Report for November 10, 2025, providing data on various futures products including power coal, energy chemicals, black metals, non-ferrous metals, agricultural products, and stock index futures [1] 1. Power Coal - The report presents the basis and spreads (5 - 1 month, 9 - 1 month, 9 - 5 month) of power coal from November 3 to November 7, 2025 [2] 2. Energy and Chemicals Energy Commodities - The basis data of fuel oil, INE crude oil, and the ratio of crude oil to asphalt from November 3 to November 7, 2025, are provided [7] Chemical Commodities - Basis data for rubber, methanol, PTA, LLDPE, PVC, and PP from November 3 to November 7, 2025, are presented [9] - Inter - period spreads (5 - 1 month, 9 - 1 month, 9 - 5 month) for rubber, methanol, PTA, LLDPE, PVC, PP, and ethylene glycol are given [10] - Inter - commodity spreads (LLDPE - PVC, LLDPE - PP, PP - PVC, PP - 3 * methanol) from November 3 to November 7, 2025, are provided [10] 3. Black Metals Inter - period Spreads - Inter - period spreads (5 - 1 month, 9(10) - 1 month, 9(10) - 5 month) for rebar, iron ore, coke, and coking coal are presented. The main contracts for rebar are in January, May, and October [19] Inter - commodity Spreads - Inter - commodity spreads (rebar/iron ore, rebar/coke, coke/coking coal, rebar - hot rolled coil) from November 3 to November 7, 2025, are provided [19] Basis - The basis data of rebar, iron ore, coke, and coking coal from November 3 to November 7, 2025, are given [20] 4. Non - ferrous Metals Domestic Market - The domestic basis data of copper, aluminum, zinc, lead, nickel, and tin from November 3 to November 7, 2025, are presented [28] London Market - LME spreads, Shanghai - London ratios, CIF prices, domestic spot prices, and import profit and loss data for copper, aluminum, zinc, lead, nickel, and tin on November 7, 2025, are provided [34] 5. Agricultural Products Basis - The basis data of soybeans (first - grade, second - grade), soybean meal, soybean oil, and corn from November 3 to November 7, 2025, are given [42] Inter - period Spreads - Inter - period spreads (5 - 1 month, 9 - 1 month, 9 - 5 month) for soybeans, soybean meal, soybean oil, rapeseed meal, rapeseed oil, palm oil, corn, sugar, and cotton are presented [42] Inter - commodity Spreads - Inter - commodity spreads (soybeans (first - grade)/corn, soybeans (second - grade)/corn, soybean oil/soybean meal, soybean meal - rapeseed meal, soybean oil - palm oil, rapeseed oil - soybean oil, corn - corn starch) from November 3 to November 7, 2025, are provided [41] 6. Stock Index Futures Basis - The basis data of CSI 300, SSE 50, CSI 500, and CSI 1000 from November 3 to November 7, 2025, are presented [53] Inter - period Spreads - Inter - period spreads (next month - current month, next quarter - current quarter) for CSI 300, SSE 50, CSI 500, and CSI 1000 are given [53]

Group 1: Report Industry Investment Rating - No relevant content found Group 2: Core Viewpoints of the Report - The domestic civil LPG market may show a pattern where the south is stronger than the north, with an overall expectation of a peak season; the contraction of PDH profits may lead to a decline in propane demand, and the current domestic market valuation is high and may fall. The international propane market has a loose pattern, and attention should be paid to the weather and cold snaps in the United States [1] Group 3: Summary Based on Related Catalogs Price and Basis Information - On Thursday, for civil LPG, the price in East China was 4374 (+33), in Shandong 4360 (+0), and in South China 4440 (+50). The price of etherified C4 was 4520 (-90). The lowest delivery location was Shandong, with the basis changing by 26 (+63) daily, and the December - January spread at 72 (-16). FEI was 490 (-14) and CP was 463 (-7) dollars per ton [1] - The PG main contract fluctuated. The basis was 102 (+116), the December - January spread was 72 (-8). The number of warehouse receipts was 4444 (+250). The cheapest delivery product was East China civil LPG at 4374; Shandong was 4380 (+80), East China 4374 (+95), and South China 4450 (+50). Shandong etherified C4 was 4500 (+80) [1] Market Spread and Margin Information - The external market price declined; the domestic - foreign spread strengthened, with PG - CP reaching 137 (+4), PG - FEI to 113 (+15.6); FEI - MB to 153 (-1.8). The arrival discount of propane in East China was 85 US dollars (+6), and the freight was basically flat. The FEI - MOPI spread widened, and the switching window remained open, with the latest at -73 (-6) [1] - The naphtha crack spread changed little and was at a relatively high level this year. The profit of PDH to propylene in Shandong declined significantly (some plants stopped production). The profit of alkylation plants rebounded. The production gross profit of MTBE changed little, and the export profit fluctuated [1] Supply and Demand and Inventory Information - Domestic production decreased, and factory inventories were basically flat; the arrival potential was limited, the terminal sales improved, and the port inventory decreased. The PDH operating rate was 75.49% (+1.6), as Liuhua Yiyuan operated at full capacity, while Binhuahua, Xintai, and Haiwei successively stopped production [1]

Group 1: Report Overview - Report name: Asphalt Morning Report [2] - Release date: November 10, 2025 [5] - Research team: Research Center Energy and Chemicals Team [5] Group 2: Basis and Calendar Spread Daily Changes - **Basis**: The Shandong basis (+80) (Hongrun) was 12 on November 7, the East China basis (Zhenjiang warehouse) was 142 with a daily change of -39, and the South China basis (Foshan warehouse) was 182 [3]. - **Calendar Spread**: The 12 - 01 spread was 4 with a daily change of -5, the 12 - 03 spread was -38 with a daily change of -15, and the 01 - 02 spread was -16 with a daily change of -5 [3]. Group 3: Futures Contract Data Daily Changes - **BU Main Contract (01)**: The price was 3048 on November 7, a decrease of 61 from the previous day [3]. - **Trading Volume**: The trading volume was 384,312 on November 7, an increase of 89,279 from the previous day [3]. - **Open Interest**: The open interest was 351,629 on November 7, an increase of 14,837 from the previous day [3]. Group 4: Spot Price Daily Changes - **Brent Crude (Jingbo)**: The price was 3030 on November 7, a decrease of 50 from the previous day [3]. - **Hongrun**: The price was 2980 on November 7, a decrease of 60 from the previous day [3]. - **Zhenjiang Warehouse**: The price was 3190 on November 7, a decrease of 100 from the previous day [3]. - **Foshan Warehouse**: The price was 3230 on November 7, a decrease of 60 from the previous day [3]. Group 5: Profit Daily Changes - **Asphalt - Ma Rui Profit**: The profit was 143 on November 7, a decrease of 36 from the previous day [3]. - **Ma Rui - Type Refinery Comprehensive Profit**: The profit was 714 on November 7, a decrease of 14 from the previous day [3].