每经AI快讯，周三（12月24日）纽约尾盘，COMEX铜期货涨0.22%，报5.5730美元/磅。 ...

| Million | > 国技期货 | 软商品日报 | | --- | --- | --- | | | 操作评级 | 2025年12月24日 | | 棉花 | ★☆☆ | 曹凯 首席分析师 | | 纸浆 | ★☆☆ | F03095462 Z0017365 | | 白糖 | ☆☆☆ | 黄维 高级分析师 | | 苹果 | ★☆☆ | F03096483 Z0017474 | | 木材 | なな女 | | | 天然橡胶 | ★☆☆ | 胡华轩 高级分析师 | | 20号胶 | ★☆☆ | F0285606 Z0003096 | | 丁二烯橡胶 ★☆☆ | | | | | | 010-58747784 | | | | gtaxinstitute@essence.com.cn | (棉花&棉纱) 今天郑棉继续上涨，棉花现货主流销售甚差总体持稳。虽然今年新棉增产幅度较大，但商业库存同比基本持平，销售进度偏 快，也给盘面带来较强的支撑。目前处于淡季，但需求总体持稳。截至12月18号，国内棉花累计加工皮棉648.6万吨，同比增加 82.0万吨，较过去四年均值增加155.2万吨。国内商业库存同比偏低，截至12月15号，全 ...

Group 1 - The main contract for lithium carbonate has seen an intraday increase of 8.00%, currently priced at 127,240 yuan per ton [1]

本公司具备期货交易咨询业务资格，请务必阅读免责声明。 分析师：王静，执业资格证号 F0235424/Z0000771。 苏妙达，执业资格证号 F03104403/Z0018167。 免责声明： 本报告中的信息均来源于公开资料，我公司对这些信息的准确性和完整性不作任何保证。报告中的内容和 意见仅供参考，并不构成对所述品种买卖的出价或征价。我公司及其雇员对使用本报告及其内容所引发的 任何直接或间接损失概不负责。本报告仅向特定客户传送，版权归冠通期货所有。未经我公司书面许可， 任何机构和个人均不得以任何形式翻版，复制，引用或转载。如引用、转载、刊发，须注明出处为冠通期 货股份有限公司。 地址：北京市朝阳区朝阳门外大街甲 6 号万通中心 D 座 20 层（100020） 总机：010-8535 6666 注:本报告有关现货市场的资讯与行情信息，来源于安云思、肥易通、国家统计局、隆众资讯、金十数 据、EIA、OPEC、IEA 等。 每日核心期货品种分析 发布日期：2025 年 12 月 24 日 商品表现 数据来源:Wind、冠通研究咨询部 期市综述 截止 12 月 24 日收盘，国内期货主力合约多数上涨。广期所铂、钯 ...

研究员: 陈思嘉 期货从业资格号F03118799 期货投资咨询从业证书号Z0022803 免责声明 铝类产业日报 2025/12/24 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | | 沪铝主力合约收盘价(日,元/吨) 主力-连二合约价差:沪铝(日,元/吨) | 22,330.00 -130.00 | +135.00↑ 氧化铝期货主力合约收盘价(日,元/吨) -5.00↓ 主力-连二合约价差:氧化铝(日,元/吨) | 2,554.00 -104.00 | +34.00↑ +5.00↑ | | | | | | | -25811.00↓ | | | 主力合约持仓量:沪铝(日,手) LME电解铝三个月报价（日，美元/吨） | 296,924.00 2,941.00 | -4891.00↓ 主力合约持仓量:氧化铝(日,手) 0.00 LME铝库存（日，吨） | 110,145.00 519,600.00 | | | | LME铝注销仓单(日,吨) | 74,400.00 | 0.00 库存:氧化铝:合 ...

Group 1: Report Summary - The report is the Rapeseed Industry Daily on December 24, 2025, covering futures, spot, upstream, industry, downstream, option markets, and industry news [1] Group 2: Market Data Summary Futures Market - Futures closing price (active contract): Rapeseed oil is 8,980 yuan/ton, up 133 yuan; Rapeseed meal is 2,344 yuan/ton, down 5 yuan. - Rapeseed oil monthly spread (5 - 9) is 42 yuan/ton, up 43 yuan; Rapeseed meal monthly spread (5 - 9) is -56 yuan/ton, down 2 yuan. - Main contract positions: Rapeseed oil is 196,266 lots, down 7,936 lots; Rapeseed meal is 630,650 lots, up 10,459 lots. - Net long positions of the top 20 futures holders: Rapeseed oil is -26,077 lots, up 2,154 lots; Rapeseed meal is -51,540 lots, down 1,748 lots. - Warehouse receipt quantity: Rapeseed oil is 3,866 sheets, down 10 sheets; Rapeseed meal is 0 sheets [2] Spot Market - Spot price: Rapeseed oil in Jiangsu is 9,360 yuan/ton, up 50 yuan; Rapeseed meal in Nantong is 2,420 yuan/ton, up 10 yuan. - Average price: Rapeseed oil is 9,478.75 yuan/ton, up 50 yuan. - Import cost price of rapeseed is 7,490.98 yuan/ton, down 42.3 yuan. - Spot price of rapeseed in Yancheng, Jiangsu is 5,700 yuan/ton. - Oil - meal ratio is 3.78, up 0.03 [2] Substitute Spot Price - Spot price of Grade 4 soybean oil in Nanjing is 8,340 yuan/ton, up 30 yuan; Rapeseed - soybean oil spot spread is 1,050 yuan/ton, up 50 yuan. - Spot price of 24 - degree palm oil in Guangdong is 8,470 yuan/ton, up 100 yuan; Rapeseed - palm oil spot spread is 990 yuan/ton, down 50 yuan. - Spot price of soybean meal in Zhangjiagang is 3,100 yuan/ton; Soybean - rapeseed meal spot spread is 680 yuan/ton, down 10 yuan [2] Upstream Situation - Global rapeseed production forecast is 92.27 million tons, up 1.31 million tons; Annual forecast of rapeseed production is 13,446 thousand tons. - Rapeseed import volume is 0.2 million tons, up 0.2 million tons; Imported rapeseed crushing profit is 439 yuan/ton, down 125 yuan. - Rapeseed inventory in oil mills is 0.1 million tons. - Imported rapeseed weekly operating rate is 0%. - Import volume of rapeseed oil and mustard oil is 14 million tons, down 2 million tons; Import volume of rapeseed meal is 22.06 million tons, up 6.29 million tons [2] Industry Situation - Coastal rapeseed oil inventory is 0.5 million tons, down 0.15 million tons; Coastal rapeseed meal inventory is 0 million tons, down 0.02 million tons. - East China rapeseed oil inventory is 29.8 million tons, down 2.4 million tons; East China rapeseed meal inventory is 17.91 million tons, down 0.7 million tons. - Guangxi rapeseed oil inventory is 0.4 million tons, down 0.15 million tons; South China rapeseed meal inventory is 24 million tons, down 0.8 million tons. - Rapeseed oil weekly提货量 is 0.48 million tons, down 0.42 million tons; Rapeseed meal weekly提货量 is 0 million tons [2] Downstream Situation - Feed production is 2,977.9 million tons, up 20.9 million tons. - Social consumer goods retail sales of catering is 6,057 billion yuan, up 858 billion yuan. - Edible vegetable oil production is 427.6 million tons, down 67.4 million tons [2] Option Market - Implied volatility of at - the - money call option for rapeseed meal is 16.54%, down 0.45%; Implied volatility of at - the - money put option for rapeseed meal is 16.54%, down 0.44%. - 20 - day historical volatility for rapeseed meal is 11.88%, up 0.2%; 60 - day historical volatility for rapeseed meal is 11.61%. - Implied volatility of at - the - money call option for rapeseed oil is 14.5%, down 0.64%; Implied volatility of at - the - money put option for rapeseed oil is 14.52%, down 0.61%. - 20 - day historical volatility for rapeseed oil is 15.5%, down 0.44%; 60 - day historical volatility for rapeseed oil is 14.83%, down 0.11% [2] Group 3: Industry News - On December 23 (Tuesday), ICE rapeseed futures closed lower but remained above recent lows and the downward trend since early December. The most active March rapeseed futures contract fell 9.30 Canadian dollars to settle at 603.20 Canadian dollars per ton. - During the US soybean export season, the supply is temporarily abundant, and Brazil's soybean harvest is expected to be high. The US still faces competition from cheaper Brazilian soybeans in the global export market. The market is watching China's purchases of US soybeans [2] Group 4: Market Views Rapeseed Meal - In the domestic market, the import of Canadian rapeseed and rapeseed meal in the near - term is still restricted, and oil mills are still shut down, leading to a tight supply. However, as Australian rapeseed arrives at ports, the marginal supply increases slightly. There are also rumors that Cofco is inquiring about Canadian forward rapeseed, increasing the forward supply expectation. Meanwhile, soybean meal has a good substitution advantage, weakening the demand expectation for rapeseed meal. The Canadian Agriculture and Agri - Food Department (AAFC) raised the ending inventory forecast of Canadian rapeseed for the 2025/26 season by 450,000 tons to 2.95 million tons, bettering the supply - demand pattern of Canadian rapeseed and constraining its market price. The rapeseed meal market is in a situation of weak supply and demand. The rapeseed meal futures showed a slight increase in oscillation and may maintain narrow - range oscillation in the short term. Attention should be paid to China's purchases of US soybeans [2] Rapeseed Oil - High - frequency data shows that the production of Malaysian palm oil declined in the first 20 days and export data improved. However, the 2026 biofuel quota released by the Indonesian Ministry of Energy and Mineral Resources has raised doubts about the implementation progress of the B50 plan. In the domestic market, oil mills are still shut down, and rapeseed oil inventory continues to decline, supporting its price. However, as Australian rapeseed arrives at ports and enters the crushing process, and the Sino - Canadian trade relationship eases and expectations rise, the forward supply pressure increases. In addition, the soybean oil supply is abundant, and its substitution advantage is good, so the demand for rapeseed oil remains mainly for rigid needs. Recently, rapeseed oil has oscillated at a low level [2] Group 5: Key Points to Watch - The rapeseed operating rate and rapeseed oil and meal inventory in various regions reported by Myagric on Monday, and the trend of Sino - Canadian trade relations [2]

（文章来源：每日经济新闻） 每经AI快讯，12月24日，碳酸锂期货主力合约日内涨幅扩大至6%，现报124800元/吨。 ...

成文日期: 20251219 研究品种:玉米淀 报告周期：日度 研究员：漆建华（从业资格号：F03099134；投资咨询从业证书号：Z0017731) 玉米淀粉期货日报 1期货市场 1.1 合约行情 当日（20251219）玉米淀粉期货 cs2601 合约以震荡为主。今 日收盘价为 2502 元/吨,今日的收盘价和上一个交易日的收盘价对 比增加了 3 元/吨。从成交情况来看,今天的成交量为 94462 手, 和 上一个交易日对比降低了 13283 手,而持仓量方面,截止今天收盘, 持仓量为 79131 手，相较于上一交易日持仓量降低了 25104 手。 图：玉米淀粉期货日行情表 研究咨询: 028 6130 3163 邮箱: institute@gjgh.com.cn 投诉热线:4006821188 请务必阅读文末风险揭示及免责声明 | 大连商品交易所_日行情_20251219 | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 品种名称 合约 | | ...

热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 2025年12月24日，国内期货主力合约多数上涨。广期所铂、钯均封涨停板，沪银涨超8%，碳酸锂涨近 6%，沪镍涨超4%，乙二醇（EG）涨近4%。跌幅方面，集运指数（欧线）、多晶硅跌超1%，豆粕跌近 1%。 | 房 | 合约名称 | 最新 | 现手 | 天价 | 秀价 | 十五四四 | 买量 | 委员 | 成交量 | 图片 | 持创量 | 日增仓 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 8992602 M | 17609 | 20 | 17603 | 17605 | 8.12% | 5 | 2 | 1366886 | 1322 | 348841 | 8331 | | 2 | 和2606 M | 657.65 | 1 | 657.65 | | 740035 | 4190 | | | 15791 43.00 | 39146 | 233 | | 3 | 紀2606 M | 578.45 | 2 | 578.45 | | ...

需求方面，西南期货指出，下游聚酯开工维持在91.2%，终端织机开工下降，需求端支撑略减弱。11月 聚酯产品出口总量在121.94万吨，环比增长7.5%，同比增长9.78%。 后市来看，东海期货表示，下游后期或将执行减产，乙二醇短期小幅过剩格局或持续。但近期煤价触底 反弹，乙二醇成本抬高，且气制开工或阶段性小幅下行，过剩压力或略有减小。短期乙二醇支撑或继续 测试，但反弹空间目前仍然有限。 12月24日，国内期市能化板块大面积飘红。其中，乙二醇期货盘面直线拉升，截至发稿主力合约报 3804.00元/吨，大幅上涨3.51%。 成本方面，南华期货（603093）分析称，成本端可能产生额外利空，油煤目前仍然维持双弱趋势，若后 续利润随着成本端下行而修复，检修预期兑现程度可能将不及预期。 供应方面，据瑞达期货（002961）介绍，中国乙二醇装置周度产量在38.68万吨，较上周减少0.13万吨， 环比减少0.33%。本周国内乙二醇总产能利用率61.71%，环比降0.22%。 ...