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 No relevant content provided. 2. Core Views The reports are a series of daily reports on different futures, including stock index futures, treasury bond futures, precious metal futures, and container shipping industry futures. They present the latest values, historical quantiles, price changes, and other data of various futures contracts and related indicators, helping investors understand the market trends and price relationships in different futures markets. 3. Summary by Related Catalogs Stock Index Futures Spread Daily Report - **Price Spread Data**: Provides the latest values, historical 1 - year quantiles, and all - time quantiles of price spreads for different stock index futures contracts (IF, IH, IC, IM), including spot - futures spreads and inter - period spreads [1]. - **Calculation Notes**: Defines the calculation methods for price spreads and quantiles, such as spot - futures spread = main contract closing price - spot index closing price, and the quantiles are calculated based on the past year and the entire futures listing period [1]. Treasury Bond Futures Spread Daily Report - **IRR and Basis**: Presents the implied repo rate (IRR), basis, and their changes for different treasury bond futures contracts (TS, TF, T, TL), along with the percentile rankings since the contract listing [3]. - **Inter - period and Cross - variety Spreads**: Provides the inter - period spreads (e.g., current quarter - next quarter) and cross - variety spreads (e.g., TS - TF) for different treasury bond futures contracts, including their latest values, changes, and percentile rankings [3]. Precious Metal Futures Spot - Futures Daily Report - **Price and Spread Data**: Includes domestic and foreign futures closing prices, spot prices, basis, and price ratios for precious metals (gold and silver). Also provides data on interest rates, exchange rates, inventory, and positions [5]. - **Price Changes**: Shows the price changes and percentage changes of precious metal futures and spot prices from the previous day, as well as the changes in basis and price ratios [5]. Container Shipping Industry Spot - Futures Daily Report - **Spot Quotes and Indexes**: Presents the spot quotes for container shipping from Shanghai to Europe, and the settlement price indexes and price changes of container shipping indexes (SCFIS, SCFI) for different routes (European and US West) [7]. - **Futures Prices and Fundamentals**: Provides the futures prices and price changes of container shipping index futures contracts, as well as fundamental data such as container shipping capacity supply, port performance indicators, and overseas economic indicators [7].

Group 1: Report Overview - Report Title: "Guangqi Black: Iron Ore Basis and Spread Monitoring Daily Report" [1] - Date: September 18, 2025 [1] Group 2: Futures Contract Information - I05 closed at 782.5 yuan/ton, up 0.5 yuan from the previous day; I09 closed at 763.5 yuan/ton, up 1.0 yuan; I01 closed at 804.5 yuan/ton, up 1.0 yuan [3] - The spread between I05 - I09 was 19.0 yuan/ton, down 0.5 yuan; I09 - I01 was -41.0 yuan/ton, unchanged; I01 - I05 was 22.0 yuan/ton, up 0.5 yuan [3] Group 3: Basis Data - For various iron ore varieties, prices and basis values changed. For example, the price of Carajás fines (Carajás) was 919 yuan/ton, up 3.0 yuan, and the basis was 76 yuan, up 2 yuan [5] - Some varieties saw price decreases, like PB fines, whose price dropped by 2.0 yuan to 795 yuan/ton, and the basis decreased by 3 yuan to 40 yuan [5] Group 4: Exchange Rule Adjustments - Four new deliverable varieties were added: Benxi concentrate, IOC6, KUMBA, and Ukrainian concentrate, with brand premiums of 0, effective from the I2202 contract [10] - Brand premiums of existing varieties were adjusted, with only PB fines, BRBF, and Carajás fines having a premium of 15 yuan/ton, and others at 0 yuan/ton [10] - Quality difference and premium rules for substitutes were modified, including adjusting the allowable range of iron grade and other element indicators and introducing a dynamic adjustment mechanism for iron element premium [10] Group 5: Variety Spread Data - The spread between PB lump and PB fines was 131.0 yuan/ton, down 2.0 yuan; the spread between PB fines and FMG mixed fines was 42.0 yuan/ton, down 3.0 yuan [12] - Some spreads increased, such as the spread between Carajás fines and PB fines, which rose by 5.0 yuan to 124.0 yuan/ton [12] Group 6: Research Team Introduction - The black research team includes Qiu Yuecheng, Zhang Xiaojin, Liu Xi, and Zhang Chunjie, each with rich industry experience and relevant qualifications [22]

Report Industry Investment Rating No relevant information provided. Core Viewpoints No clear core viewpoints are presented in the reports. Summary by Related Catalogs 1. Stock Index Futures Spread Daily Report - **Price Spread Data**: The latest values, changes from the previous day, 1 - year historical quantiles, and full - historical quantiles of various stock index futures price spreads (including period - to - period spreads and spot - futures spreads) are presented. For example, the IF spot - futures spread is 1.20, down 12.76 from the previous day, with a 1 - year historical quantile of 74.50% and a full - historical quantile of 48.50% [1]. 2. Bond Futures Basis and Spread Daily Report - **Basis and Spread Data**: The report shows the basis, spread, and their changes, as well as the quantiles since the contract's listing for different bond futures (such as TS, TF, T, TL). For instance, the TF basis on September 12, 2025, is 1.1549, up 0.0604 from the previous day, with a 28.00% quantile since listing [2]. 3. Precious Metals Spot - Futures Daily Report - **Price and Spread Data**: It includes domestic and foreign futures closing prices, spot prices, basis, ratios, interest rates, exchange rates, inventory, and positions of precious metals. For example, the AU2510 contract's closing price on September 12 is 834.22 yuan/gram, up 3.44 yuan from the previous day, with a 0.41% increase [3]. 4. Container Shipping Industry Spot - Futures Daily Report - **Spot and Futures Data**: The report provides spot quotes, container shipping indices, futures prices, basis, and fundamental data. For example, the SCFIS (European route) settlement price index on September 8 is 1556.46, down 217.1 from September 1, with a 12.24% decrease [4].

1. Report Industry Investment Rating - No industry investment rating information is provided in the reports. 2. Core Views - The reports mainly present the daily data of stock index futures spreads, treasury bond futures spreads, precious metals spot - futures, container shipping industry, and capital flow and key positions changes, including the latest values, changes compared with the previous day, historical quantiles, etc., to help investors understand the market trends and price relationships of different financial products [1][2][3][5]. 3. Summary by Related Catalogs Stock Index Futures Spreads - **Price - Spot Spreads**: IF price - spot spread is - 12.96, down 2.91; IH is - 1.79, up 1.44; IC is - 12.54, down 68.71; IM is - 79.17, down 18.94 [1]. - **Inter - period Spreads**: Different contracts' inter - period spreads show various changes, such as IF's far - month to current - month spread is - 54.20, down 7.20 [1]. - **Cross - variety Ratios**: Ratios like CSI 500/CSI 300, IC/IF also have specific values and changes, e.g., CSI 500/CSI 300 is 1.5594, down 0.0025 [1]. Treasury Bond Futures Spreads - **IRR and Basis**: TS IRR is 1.4442, down 0.0180; TF basis is 1.3160; T basis is 1.0310 [2]. - **Inter - period Spreads**: For example, TS's current - season to next - season spread is 0.0300, down 0.0040 [2]. - **Cross - variety Spreads**: TS - TF is - 3.0750, up 0.1170 [2]. Precious Metals Spot - Futures - **Futures Closing Prices**: Domestic AU2510 contract is 833.42 yuan/g, down 1.06; AG2510 contract is 9796 yuan/kg, down 50. Foreign COMEX gold is 3680.40 dollars/ounce, up 16.60 [3]. - **Spot Prices**: London gold is 3639.81 dollars/ounce, up 15.64; Shanghai Gold Exchange's gold T + D is 829.72 yuan/g, down 2.19 [3]. - **Basis**: Gold TD - Shanghai gold main contract is - 3.70, down 1.13; silver TD - Shanghai silver main contract is - 12, down 13 [3]. - **Ratios, Rates, and Other Data**: COMEX gold/silver ratio is 88.36, down 0.23; 10 - year US Treasury yield is 4.04%, down 0.04% [3]. Container Shipping Industry - **Spot Quotes**: For Shanghai - Europe routes, MAERSK's rate is 1786 dollars/FEU, down 65 [5]. - **Shipping Indexes**: SCFIS (European route) settlement price index is 1566.46, down 207.1; SCFI (European) is 1315 dollars/TEU, down 166.0 [5]. - **Futures Prices and Basis**: EC2602 contract price is 1527.4, unchanged; the basis of the main contract is 132.0, down 207.1 [5]. - **Fundamental Data**: Global container shipping capacity supply is 3299.69 FTEU, unchanged; Shanghai port on - time rate is 32.58%, down 1.99% [5]. Capital Flow and Key Positions Changes - No valid data is provided in the given report for this part.

1. Report Industry Investment Ratings - No industry investment ratings are provided in the reports. 2. Core Views - The reports present the latest values, changes from the previous day, historical percentile rankings of various futures spreads, prices, and related indicators for different types of futures including stock index futures, treasury bond futures, precious metal futures, and container shipping futures on September 11, 2025 [1][2][3][5]. 3. Summary by Related Catalogs Stock Index Futures - **Futures - Spot Spreads**: IF, IH, IC, and IM futures - spot spreads are -12.96, -1.79, -12.54, and -79.17 respectively, with changes of -2.91, 1.44, -68.71, and -18.94 from the previous day [1]. - **Inter - Delivery Spreads**: For IF, the spreads between different delivery months show various values and changes, such as the spread between the next - month and current - month contracts being -9.60 with a change of 35.60% [1]. - **Cross - Variety Ratios**: Ratios like CSI 500/CSI 300, CSI 500/SSE 50, etc., are presented with their latest values, changes, and historical percentile rankings [1]. Treasury Bond Futures - **IRR and Basis**: IRR values and basis values for TS, TF, T, and TL are provided, along with their changes from the previous trading day and percentile rankings since listing [2]. - **Inter - Delivery Spreads**: Inter - delivery spreads for different contracts of TS, TF, T, and TL are given, including values, changes, and percentile rankings [2]. - **Cross - Variety Spreads**: Cross - variety spreads such as TS - TF, TS - T, etc., are presented with their latest values, changes, and percentile rankings [2]. Precious Metal Futures - **Domestic Futures**: AU2510 and AG2510 contracts have closing prices of 833.42 yuan/gram and 9796 yuan/kilogram respectively, with price drops of -1.06 and -50 from the previous day [3]. - **Foreign Futures**: COMEX gold and silver主力 contracts have closing prices of 3680.40 and 41.65 dollars/ounce respectively, with price increases of 16.60 and 0.30 [3]. - **Spot Prices**: London gold and silver, and Shanghai Gold Exchange's gold and silver spot prices are presented with their price changes [3]. - **Basis**: The basis values of gold and silver, along with their changes and historical percentile rankings, are provided [3]. - **Ratios, Yields, and Exchange Rates**: Ratios, US Treasury yields, US dollar index, and offshore RMB exchange rate are presented with their latest values and changes [3]. - **Inventory and Positions**: Inventory and position data of domestic and foreign precious metal futures are given, including their changes and percentage changes [3]. Container Shipping Futures - **Spot Quotes**: Spot quotes for Shanghai - Europe routes of different shipping companies show price changes, such as Maersk's price dropping from 1851 to 1786 dollars/FEU [5]. - **Shipping Indexes**: Settlement price indexes and Shanghai export container freight indexes for different routes are presented with their price changes and percentage changes [5]. - **Futures Prices and Basis**: Futures prices of different contracts and the basis of the main contract are provided, along with their changes and percentage changes [5]. - **Fundamental Data**: Data on shipping capacity supply, port - related indicators, monthly export amounts, and overseas economic indicators are presented with their changes and percentage changes [5].

1. Report Industry Investment Rating No information about the industry investment rating is provided in the reports. 2. Core Views The reports mainly present the daily data of various futures, including price differences, spreads, ratios, and related economic indicators, without explicitly stating a unified core view. 3. Summary by Related Catalogs 3.1 Stock Index Futures Spread Daily Report - **Price Differences**: The latest values and changes of F, IH, IC, and IM futures price differences are provided, along with their historical 1 - year and full - history quantiles [1]. - **Inter - period Spreads**: The inter - period spreads of IF, IH, IC, and IM futures, such as the spreads between the next month and the current month, the far month and the current month, etc., are presented, including their changes and quantiles [1]. - **Cross - variety Ratios**: Ratios of various futures varieties, such as the ratio of IC to IF, IC to IH, etc., are given, along with their changes and quantiles [1]. 3.2 Bond Futures Spread Daily Report - **IRR and Basis**: The implied repo rate (IRR) and basis of TS, TF, T, and TL bond futures are provided, including their latest values, changes, and percentiles since listing [2]. - **Inter - period Spreads**: Inter - period spreads of TS, TF, T, and TL bond futures, such as the spreads between the current quarter and the next quarter, are presented, along with their changes and percentiles [2]. - **Cross - variety Spreads**: Cross - variety spreads between different bond futures, such as the spread between TS and TF, are given, along with their changes and percentiles [2]. 3.3 Precious Metals Spot - Futures Daily Report - **Futures and Spot Prices**: Closing prices of domestic and foreign precious metals futures, as well as spot prices, are provided, including their changes and percentage changes [4]. - **Basis**: The basis of precious metals, such as the difference between gold TD and Shanghai gold futures, is presented, along with its changes and historical 1 - year quantiles [4]. - **Ratios, Interest Rates, and Exchange Rates**: Ratios of gold to silver, interest rates of US Treasury bonds, the US dollar index, and the offshore RMB exchange rate are given, along with their changes and percentage changes [4]. - **Inventory and Positions**: Inventories and positions of precious metals in the Shanghai Futures Exchange and COMEX are provided, including their changes and percentage changes [4]. 3.4 Container Shipping Industry Spot - Futures Daily Report - **Spot Quotes**: Spot quotes of shipping companies on the Shanghai - Europe route are provided, including their changes and percentage changes [6]. - **Shipping Indexes**: Settlement price indexes, Shanghai export container freight rates, etc., are presented, including their changes and percentage changes [6]. - **Futures Prices and Basis**: Futures prices of container shipping futures and their basis are given, including their changes and percentage changes [6]. - **Fundamental Data**: Data on shipping capacity supply, port - related indicators, export amounts, and overseas economic indicators are provided, including their changes and percentage changes [6]. 3.5 Trading Calendar - **Overseas Data/Information**: Economic indicators and financial events in the eurozone and the US, such as the eurozone's CPI, US manufacturing PMI, etc., are presented, along with their release times and data sources [7]. - **Domestic Data/Information**: Economic indicators and financial events in China, such as manganese ore inventory, port inventory, etc., are provided, along with their release times and data sources [7].

Report on Stock Index Futures Spread Core Information - Date: August 29, 2025 - Analyst: Ye Qianning Key Points - **Price Spread Data**: The report provides a comprehensive set of price spread data for various stock index futures, including F, H, IC, and IM. It details the current values, changes from the previous day, and historical percentile rankings for both 1 - year and full - history periods. For example, the F期现价差 is - 3.38, with a change of - 1.26 from the previous day, and a 1 - year percentile of 52.90% [1]. - **Cross - Period Spreads**: Multiple cross - period spreads are presented, such as the differences between the next month, the quarterly month, and the far - month contracts compared to the current month. For instance, the 次月 - 当月 spread for some contracts shows specific values and percentile rankings [1]. - **Cross - Variety Ratios**: The report also includes cross - variety ratios, like the ratios between different stock index futures contracts. For example, the 中证500/沪深300 ratio is 1.5707, with a change of 0.0061 from the previous day, and a 1 - year percentile of 98.30% [1]. Report on Treasury Bond Futures Spread Core Information - Date: August 29, 2025 - Analyst: Xiong Gongjian Key Points - **Basis and IRR Data**: The report shows the basis and implied repo rate (IRR) data for different treasury bond futures, including TS, TF, T, and TL. For example, the TS基差 is 1.4342, with a change of - 0.0173 from the previous day, and an IRR percentile of 17.90% [2]. - **Cross - Period Spreads**: Similar to the stock index futures report, it details cross - period spreads for different contract months. For instance, the 当季 - 下季 spread for TS is - 0.0440, with a change of 0.0260 from the previous day, and a percentile of 16.20% [2]. - **Cross - Variety Spreads**: Cross - variety spreads between different treasury bond futures are presented, such as the spreads between TS - TF, TS - T, etc. For example, the TS - TF spread is 0.0940, with a certain percentile ranking [2]. Report on Precious Metals Spot - Futures Core Information - Date: August 29, 2025 - Analyst: Ye Qianning Key Points - **Futures and Spot Prices**: The report provides domestic and foreign futures closing prices, as well as spot prices for gold and silver. For example, the AU2510 contract closed at 783.22 yuan/kg on August 28, with a change of 2.06 and a 0.26% increase [4]. - **Price Differences and Ratios**: It includes price differences between spot and futures, such as the difference between London gold and COMEX gold, and ratios like COMEX gold/silver. For example, the London gold - COMEX gold difference is - 61.11, with a change of - 5.80 from the previous day [4]. - **Interest Rates and Exchange Rates**: Information on relevant interest rates (e.g., 10 - year US Treasury bond yield) and exchange rates (e.g., US dollar index) is provided [4]. Report on Container Shipping Industry Spot - Futures Core Information - Date: August 29, 2025 - Analyst: Ye Qianning Key Points - **Spot Quotes**: Spot quotes for shipping from Shanghai to Europe by different carriers (e.g., MAERSK, CMA, MSC) are given, along with their daily changes and percentage changes [6]. - **Shipping Indexes**: Various shipping indexes, such as SCFIS and SCFI for different routes (European and US West), are presented, showing their changes over different time periods [6]. - **Futures Prices and Basis**: Futures prices for different contracts (e.g., EC2602, EC2510) and the basis for the main contract are provided, along with their daily changes and percentage changes [6]. - **Fundamental Data**: Fundamental data related to the container shipping industry, including global container capacity supply, port - related indicators, and overseas economic data (e.g., Eurozone PMI, US manufacturing PMI), are presented [6]. Report on Overseas and Domestic Data/Information Core Information - Data Sources: Wind,广发期货研究所 Key Points - **Overseas Data**: Overseas data includes US macro - economic indicators (e.g., core PCE物价指数, consumer confidence index) and agricultural CFTC持仓报告 [9]. - **Domestic Data**: Domestic data covers various industries, such as black and non - ferrous metals (e.g., silicon iron production, manganese silicon inventory), energy and chemical (e.g., PX开工率, downstream product inventory), and special commodities (e.g., polysilicon average cost) [9].

Report Overview - Report Title: "Guangda Futures Black: Iron Ore Basis and Spread Monitoring Daily Report" - Date: August 28, 2025 [1] 1. Futures Contract Prices and Spreads 1.1 Futures Contract Prices - I05 closed at 753.5 yuan/ton, down 0.5 yuan from the previous day [3]. - I09 closed at 796.5 yuan/ton, down 0.5 yuan from the previous day [3]. - I01 closed at 775.5 yuan/ton, down 1.0 yuan from the previous day [3]. 1.2 Futures Contract Spreads - The spread between I05 and I09 was -43.0 yuan/ton, unchanged from the previous day [3]. - The spread between I09 and I01 was 21.0 yuan/ton, up 0.5 yuan from the previous day [3]. - The spread between I01 and I05 was 22.0 yuan/ton, down 0.5 yuan from the previous day [3]. 2. Basis Analysis 2.1 Basis Data - For various iron ore varieties such as Carajás fines (Carajás fines: 61 yuan today, up 1 yuan from the previous day), the basis values and their changes are presented. Some varieties like Mac fines had a stable basis, while others like FMG blended fines had a basis increase of 2 yuan [6]. 2.2 Basis Charts - There are charts for different basis benchmarks including Brazilian fines, Australian medium - grade fines, Australian low - grade fines, and domestic ores, etc. [8][9] 3. Policy - related Adjustments of Dalian Commodity Exchange 3.1 Adjustment of Deliverable Varieties - Four new deliverable varieties (Benxi concentrate powder, IOC6, KUMBA, Ukrainian concentrate powder) were added, with brand premiums and discounts of 0, effective from the I2202 contract [11]. - Four more varieties (Taigang concentrate powder, Magang concentrate powder, Minmetals standard powder, SP10 powder) were added as deliverable brands, with brand premiums and discounts of 0, applicable to the I2312 and subsequent contracts [11]. 3.2 Adjustment of Brand Premiums and Discounts - Only PB fines, BRBF, and Carajás fines have a brand premium of 15 yuan/ton, and the premiums and discounts of other deliverable brands are 0 yuan/ton [11]. 3.3 Adjustment of Substitute Quality Differences and Premiums and Discounts - The allowable range of iron grade index was adjusted to ≥56%, and the allowable ranges of silica, alumina, phosphorus, and sulfur were set. The premium and discount regulations for different index intervals were detailed, and a dynamic adjustment mechanism for the premium and discount value of the iron element index (X) was introduced [11]. 4. Variety Spreads 4.1 Variety Spread Data - The spreads between different iron ore varieties such as PB lump - PB fines (145.0 yuan/ton, unchanged), PB fines - blended fines (62.0 yuan/ton, down 1.0 yuan), etc. are presented [13]. 4.2 Variety Spread Charts - There are multiple charts showing different types of variety spreads, including lump - fines spreads, high - medium grade fines spreads, medium - low grade fines spreads, etc. [15][16][18] 5. Research Team Introduction - The black research team of Guangda Futures includes Qiu Yuecheng, Zhang Xiaojin, Liu Xi, and Zhang Chunjie, each with rich experience and professional qualifications in the industry [23]

Report Industry Investment Rating No relevant content provided. Core Viewpoints No clear core viewpoints presented in the provided reports. Summary by Related Catalogs 1. Stock Index Futures Spread Daily Report - **Futures - Spot Spread**: IF futures - spot spread is -3.59, down 8.97 from the previous day; IH is 1.02, down 1.12; IC is -47.67, down 5.37; IM is -61.07, up 4.46 [1]. - **Inter - Delivery Spread**: For example, IF's next - to - current month spread is -7.40, down 4.40; H's is -20.40, down 3.20 [1]. - **Cross - Variety Ratio**: Ratios like CSI 500/CSI 300 is 1.5640, up 0.0085; IC/IF is 1.5546, up 0.0104 [1]. 2. Treasury Bond Futures Spread Daily Report - **Basis**: IRR for 15 - bond is 1.4476, down 0.0217; TF basis is 1.2758, up 0.0468; T basis is 0.9147, up 0.5196; TL basis is 0.5493, up 0.9191 [2]. - **Inter - Delivery Spread**: TS's current - to - next quarter spread is -0.0720, up 0.0040; TF's is 0.1750, down 0.0350; T's is 0.4500, down 0.0100 [2]. - **Cross - Variety Spread**: TS - TF is -3.1600, down 0.0460; TS - T is -5.5950, down 0.0610; TF - T is -2.4350, down 0.0150 [2]. 3. Precious Metals Spot - Futures Daily Report - **Futures Closing Prices**: AU2510 contract closed at 781.12 yuan/g on Aug 26, up 1.94 from Aug 25; AG2510 closed at 9354 yuan/kg, down 40 [7]. - **Spot Prices**: London gold was at 3393.47 dollars/ounce on Aug 26, up 27.86; London silver was at 38.60 dollars/ounce, up 0.05 [7]. - **Basis**: Gold TD - Shanghai gold main contract basis is -4.29, down 0.45; silver TD - Shanghai silver main contract basis is -43, down 13 [7]. 4. Container Shipping Industry Spot - Futures Daily Report - **Spot Quotes**: Maersk's Shanghai - Europe 6 - week future freight rate is 2235 dollars/FEU on Aug 27, down 118 from Aug 26; CMA CGM is 2591 dollars/FEU, up 23 [8]. - **Container Shipping Index**: SCFIS (European route) settlement price index on Aug 25 is 1990.20, down 190.0 from Aug 18; SCFIS (US West route) is 1041.38, down 64.9 [8]. - **Futures Prices and Basis**: EC2602 contract on Aug 26 is 1469.3, down 27.6 from Aug 25; EC2510 (main contract) is 1318.9, down 39.1; basis of the main contract is 573.6, down 160.9 [8]. - **Fundamentals**: Global container shipping capacity supply on Aug 27 is 3292.63 million TEU, unchanged from Aug 26; Shanghai port on - time rate in July is 32.58%, down 1.99 from the previous month [8]. 5. Trading Calendar - **Overseas Data/Information**: US API crude oil inventory for the week ending Aug 22 is reported at 4:30; EIA crude oil inventory is reported at 22:30 [9]. - **Domestic Data/Information**: Steel Union's weekly production and sales survey of 523 mines for coking coal is in the evening; China's port commercial crude oil inventory (in 10,000 tons) is reported at 14:30 [9].