| -1.12% | 折算价:72硅铁合格块:内蒙-天津仓单 | 5695 | -64 | 49.30% | 硅铁 (SF603) | 5628 | -6 | 折算价:6517硅锰:内蒙-湖北仓单 | -0.10% | 5840 | 5846 | 硅罐 (SM603) | 24.30% | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 5.89% | HRB40020mm: 上海 | 螺纹钢 (RB2605) | 3310 | 3127 | 183 | 69.40% | 0.00% | 3280 | 0 | 18.50% | Q235B: 4.75mm: 上海 | 热卷 (HC2605) | 3280 | | | | | | 67 | 779 | 8.66% | 846 | 52.50% | 折算价:62.5%巴混粉(BRBF):淡水河谷:日照港 | 铁矿石 (12605) | -16 | -0.90% | 折算价:准 ...

叶倩宁 Z0016628 黑色系 基差 | 硅铁(SF603) | 52.30% | 折算价:72硅铁合格块:内蒙-天津仓单 | 5628 | 5656 | -0.50% | -28 | 8 | 0.14% | 折算价:6517硅锰:内蒙-湖北仓单 | 5840 | 5835 | 硅罐(SM603) | 26.70% | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 5.87% | 184 | HRB40020mm: 上海 | 3320 | 3136 | 69.60% | 螺纹钢 (RB2605) | -15 | 3270 | -0.46% | Q235B: 4.75mm: 上海 | 热卷 (HC2605) | 3285 | 12.20% | | | | | | ਦੇਰੇ | 7.56% | 780 | 46.90% | 折算价:62.5%巴混粉(BRBF):淡水河谷:日照港 | 铁矿石 (12605) | 838 | ...

知识图强,求实奉献,客户至上,合作共赢 叶倩宁 | 硅铁 (SF603) | 5478 | 5434 | | 44 | 0 81% | 60.50% | 折算价:72硅铁合格块:内蒙-天津仓单 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 硅罐 (SM603) | 5790 | 5724 | ୧୧ | | 115% | 38.00% | 折算价:6517硅锰:内蒙-湖北仓单 | | | | 3280 | 3117 | | 163 | 5.23% | 66.50% | HRB40020mm: 上海 | | | 螺纹钢 (RB2605) | | | | | | | | | | 热卷(HC2605) | 3280 | 3282 | -2 | | -0.06% | 17.60% | Q235B: 4.75mm: 上海 | | | 铁矿石 (12605) | 842 | 769 | 73 | | 9.45% | 56.30% | 折算价:62.5%巴混粉(BRBF):淡水河谷:日照港 | | | 焦炭 (J2601) | 1603 | 152 ...

Report Title - Full Variety Spread Daily Report [4] Report Date - December 1, 2025 [3] Commodity Analysis Ferrous Metals - Silicon Iron (SF603) had a 1.63% change, with a spot price of 5478 and a futures price of 5770, and a historical quantile of 54.80% [1] - Silicon Manganese (SM601) had a spot price of 5612 [1] - HRB400 20mm in Shanghai increased by 4.50%, with a spot price of 3250 and a futures price of 3290 [1] - Rebar (RB2601) decreased by 12 points [1] - Hot - Rolled Coil (HC2601) decreased by 0.36%, with a spot price of 3302 and a futures price of 3290 [1] - Iron Ore (I2601) increased by 7.22%, with a spot price of 851 and a futures price of 794, and a historical quantile of 46.20% [1] - Coke (J2601) had a significant increase of 76.81% [1] - Coking Coal (JM2601) increased by 11.53%, with a spot price of 1190 and a futures price of 1067, and a historical quantile of 58.50% [1] Non - Ferrous Metals - Copper (CU2601) had a spot price of 87430 and a futures price of 87400, with a basis of - 30 and a historical quantile of 41.25% [1] - Aluminum (AL2601) increased by 10.20%, with a spot price of 21450 and a futures price of 21610 [1] - Alumina (AO2601) had a spot price of 2831 and a futures price of 2707, with a basis of 124 and a historical quantile of 61.67% [1] - Zinc (ZN2601) decreased by 1.65%, with a spot price of 22425 and a futures price of 22300 [1] - Tin (SN2601) decreased by 5040, with a spot price of 305040 and a futures price of 300000 [1] - Nickel (NI2601) increased by 0.40%, with a spot price of 117550 and a futures price of 117080 [1] - Stainless Steel (SS2601) had a historical quantile of 88.41% [1] - Lithium Carbonate (LC2605) decreased by 2670, with a spot price of 96420 and a futures price of 93750 [1] - Industrial Silicon (SI2601) increased by 4.60%, with a spot price of 9130 [1] Precious Metals - Gold (AU2602) decreased by 0.68%, with a spot price of 953.9 and a futures price of 947.4, and a historical quantile of 0.30% [1] - Silver (AG2602) decreased by 58.0, with a spot price of 12727.0 and a futures price of 12669.0, and a historical quantile of 3.70% [1] Agricultural Products - Soybean Meal (M2601) decreased by 1.45%, with a spot price of 3044.0 and a futures price of 3000, and a historical quantile of 32.00% [1] - Soybean Oil (Y2601) increased by 2.25%, with a spot price of 8430 and a futures price of 8244.0, and a historical quantile of 38.00% [1] - Palm Oil (P2601) decreased by 0.88%, with a spot price of 8626.0 and a futures price of 8520, and a historical quantile of 8.70% [1] - Rapeseed Meal (RM601) increased by 4.40%, with a spot price of 2560 and a futures price of 2452.0, and a historical quantile of 67.40% [1] - Rapeseed Oil (OI601) increased by 3.21%, with a spot price of 10070 and a futures price of 9757.0, and a historical quantile of 82.60% [1] - Corn (C2601) increased by 1.33%, with a spot price of 2290 and a futures price of 2244.0, and a historical quantile of 64.90% [1] - Corn Starch (CS2601) increased by 1.33%, with a spot price of 2600 and a futures price of 2566.0, and a historical quantile of 18.40% [1] - Live Hogs (LH2601) decreased by 1.00%, with a spot price of 11350 and a futures price of 11465.0, and a historical quantile of 40.90% [1] - Eggs (JD2601) decreased by 12.24%, with a spot price of 2890 and a futures price of 3293.0, and a historical quantile of 12.20% [1] - Cotton (CF601) increased by 3.98%, with a spot price of 14723 and a futures price of 13725.0, and a historical quantile of 56.70% [1] - Sugar (SR601) decreased by 4.76%, with a spot price of 5615 and a futures price of 5400.0, and a historical quantile of 36.60% [1] - Apples (AP601) decreased by 3.60%, with a spot price of 9025.0 and a futures price of 8700, and a historical quantile of 74.80% [1] Energy and Chemicals - Paraxylene (PX601) decreased by 0.12%, with a spot price of 6822.0 and a futures price of 6830.0, and a historical quantile of 25.10% [1] - PTA (TA601) decreased by 1.6%, with a spot price of 4700.0 and a futures price of 4650.0, and a historical quantile of 37.20% [1] - Ethylene Glycol (EG2601) increased by 0.13%, with a spot price of 3890.0 and a futures price of 3885.0, and a historical quantile of 61.20% [1] - Polyester Staple Fiber (PF602) increased by 0.72%, with a spot price of 6295.0 and a futures price of 6250.0, and a historical quantile of 54.20% [1] - Styrene (EB2601) increased by 1.05%, with a spot price of 6566.0 and a futures price of 6635.0, and a historical quantile of 44.40% [1] - Methanol (MA601) decreased by 1.7%, with a spot price of 2110.0 and a futures price of 2135.0, and a historical quantile of 23.00% [1] - Urea (UR601) decreased by 0.42%, with a spot price of 1670.0 and a futures price of 1677.0, and a historical quantile of 13.80% [1] - LLDPE (L2601) increased by 0.31%, with a spot price of 6810.0 and a futures price of 6789.0, and a historical quantile of 28.80% [1] - PP (PP2601) increased by 0.64%, with a spot price of 6409.0 and a futures price of 6450.0, and a historical quantile of 37.40% [1] - PVC (V2601) decreased by 1.74%, with a spot price of 4549.0 and a futures price of 4470.0, and a historical quantile of 63.20% [1] - Caustic Soda (SH601) increased by 5.38%, with a spot price of 2344.0 and a futures price of 2224.0, and a historical quantile of 66.40% [1] - LPG (PG2601) decreased by 0.32%, with a spot price of 4412.0 and a futures price of 4398.0, and a historical quantile of 28.70% [1] - Asphalt (BU2601) increased by 0.47%, with a spot price of 3010.0 and a futures price of 2996.0, and a historical quantile of 56.00% [1] - Butadiene Rubber (BR2601) decreased by 0.14%, with a spot price of 10415.0 and a futures price of 10400.0, and a historical quantile of 26.90% [1] - Glass (FG601) decreased by 5.30%, with a spot price of 1053.0 and a futures price of 1000.0, and a historical quantile of 56.30% [1] - Soda Ash (SA601) decreased by 2.17%, with a spot price of 1152.0 and a futures price of 1177.0, and a historical quantile of 33.19% [1] - Natural Rubber (RU2601) decreased by 2.73%, with a spot price of 15410.0 and a futures price of 15000.0, and a historical quantile of 73.06% [1] Financial Futures - IF2512.CFE decreased by 0.46%, with a spot price of 4505.8 and a futures price of 4526.7, and a historical quantile of 22.60% [1] - IH2512.CFE decreased by 0.22%, with a spot price of 2963.2 and a futures price of 2969.6, and a historical quantile of 30.40% [1] - IC2512.CFE decreased by 0.82%, with a spot price of 6974.2 and a futures price of 7031.6, and a historical quantile of 15.00% [1] - IM2512.CFE decreased by 1.01%, with a spot price of 7260.8 and a futures price of 7334.2, and a historical quantile of 72.00% [1] - 2 - year Treasury Bond (TS2603) increased by 0.35%, with a spot price of 129.32 and a futures price of 114.46, and a historical quantile of 60.30% [1] - 5 - year Treasury Bond (TF2603) decreased by 0.04%, with a spot price of 105.74 and a futures price of 99.48, and a historical quantile of 22.20% [1] - 10 - year Treasury Bond (T2603) decreased by 0.07%, with a spot price of 107.92 and a futures price of 100.31, and a historical quantile of 25.70% [1] - 30 - year Treasury Bond (TL2603) increased by 0.35%, with a spot price of 129.32 and a futures price of 114.46, and a historical quantile of 60.30% [1]

1. Report Industry Investment Rating - No information provided in the given content. 2. Core View of the Report - The report presents the price, basis, basis rate, historical quantile, and other data of various futures and spot commodities on November 21, 2025, including ferrous metals, non - ferrous metals, agricultural products, energy and chemical products, and financial futures [1]. 3. Summary According to Related Catalogs Ferrous Metals - **Silicon Iron (SF603)**: The conversion price of 72 - grade silicon iron qualified blocks from Inner Mongolia to Tianjin warehouse receipts is 5446, with a change of 2.06% [1]. - **Silicon Manganese (SM601)**: The conversion price of 6517 - grade silicon manganese from Inner Mongolia to Hubei warehouse receipts is 5614 [1]. - **Rebar (RB2601)**: The price of HRB400 20mm in Shanghai is 3050, and the futures price is 3210, with a basis rate of 5.25% [1]. - **Hot - Rolled Coil (HC2601)**: The futures price is 3270, with a change of 0.09% [1]. - **Iron Ore (I2601)**: The conversion price of 62.5% Brazilian mixed powder (BRBF) from Vale at Rizhao Port is 1634, with a change of 0.75% [1]. - **Coke (J2601)**: The conversion price of quasi - first - grade metallurgical coke at Rizhao Port is 1646, with a historical quantile of 70.18% [1]. - **Coking Coal (JM2601)**: The conversion price of S1.3 G75 main coking coal (Meng 5) at Shaheyi is 1114, with a change of 9.83% [1]. Non - Ferrous Metals - **Copper (CU2601)**: The SMM 1 copper average price is 86435, and the futures price is 86130, with a basis of 305 and a historical quantile of 79.79% [1]. - **Aluminum (AL2601)**: The SMM A00 aluminum average price is 21570, and the futures price is 21530, with a basis rate of 0.19% [1]. - **Alumina (AO2601)**: The SMM alumina index average price is 2836 [1]. - **Zinc (ZN2512)**: The SMM 1 zinc ingot average price is 22360, and the futures price is 22380, with a basis of - 20 [1]. - **Tin (SN2512)**: The SMM 1 tin average price is 291500, and the futures price is 292030, with a change of - 0.18% [1]. - **Nickel (NISE01)**: The SMM 1 imported nickel average price is 116600, and the futures price is 115380, with a basis of 1220 [1]. - **Stainless Steel (SS2601)**: The price of 304/2B: 2*1240*C: Wuxi Hongwang (including trimming fee) is 12820, and the futures price is 12285, with a change of 4.35% [1]. Agricultural Products - **Soybean Meal (M2601)**: The ex - factory price of common protein soybean meal in Zhangjiagang, Jiangsu is 2980, and the futures price is 3017, with a basis rate of - 1.23% [1]. - **Soybean Oil (Y2601)**: The ex - factory price of grade - four soybean oil in Zhangjiagang, Jiangsu is 8224, and the futures price is 8420, with a basis of 196 [1]. - **Palm Oil (P2601)**: The delivery price of palm oil at Huangpu Port is 8630, and the futures price is 8646, with a basis of - 16 [1]. - **Rapeseed Meal (RM601)**: The ex - factory price of common rapeseed meal in Zhanjiang, Guangdong is 2412, and the futures price is 2500, with a basis rate of - 0.19% [1]. - **Rapeseed Oil (Ol601)**: The ex - factory price of grade - four rapeseed oil in Nantong, Jiangsu is 9779, and the futures price is 10100, with a basis of 321 [1]. - **Corn (C2601)**: The flat - hatch price of corn at Jinzhou Port is 2220, and the futures price is 2168, with a basis rate of 3.28% [1]. - **Corn Starch (CS2601)**: The ex - factory price of corn starch in Changchun, Jilin is 2550, and the futures price is 2473, with a basis of 77 [1]. - **Live Pigs (LH2601)**: The ex - factory price of live pigs (external ternary) in Henan is 11750, and the futures price is 11440, with a basis of 310 [1]. - **Eggs (JD2601)**: The average price of eggs in Shijiazhuang, Hebei is 3238, and the futures price is 2710, with a basis rate of - 16.31% [1]. - **Cotton (CF601)**: The arrival price of cotton 3128B in Xinjiang is 14563, and the futures price is 13465, with a basis of 1098 [1]. - **Sugar (SR601)**: The spot price of white sugar at Liuzhou Station is 5760, and the futures price is 5366, with a basis of 394 [1]. - **Apples (AP601)**: The delivery theoretical price of apples is 9496, and the futures price is 8840, with a basis of - 656 [1]. - **Red Dates (C1601)**: The wholesale price of first - grade grey dates in Hebei is 9300, and the futures price is 8800, with a basis of - 500 [1]. Energy and Chemical Products - **Para - Xylene (PX601)**: The spot price of para - xylene at the main Chinese port (CFR) converted into RMB is 6830, and the futures price is 6833, with a basis rate of 0.04% [1]. - **PTA (TA601)**: The market price (intermediate price) of PTA in the East China region is 4630, and the futures price is 4696, with a basis of - 66 [1]. - **Ethylene Glycol (EG2601)**: The market price (intermediate price) of ethylene glycol in the East China region is 3935, and the futures price is 3822, with a basis of 113 [1]. - **Polyester Staple Fiber (PF602)**: The market price (mainstream price) of polyester staple fiber (1.4D*38mm (direct - spinning)) in the East China market is 6220, and the futures price is 6305, with a basis of 85 [1]. - **Styrene (EB2601)**: The market price (spot benchmark price) of styrene in East China, China is 6625, and the futures price is 6595, with a basis of 30 [1]. - **Methanol (MA601)**: The market price (spot benchmark price) of methanol in Taicang, Jiangsu, China is 2000, and the futures price is 2016, with a basis of - 16 [1]. - **Urea (UR601)**: The market price (mainstream price) of urea (small - particle) in Shandong region is 1640, and the futures price is 1665, with a basis of - 25 [1]. - **LLDPE (L2601)**: The duty - paid self - pick - up price (intermediate price) of LLDPE (film - grade) in Shandong is 6855, and the futures price is 6835, with a basis of 20 [1]. - **PP (PP2601)**: The duty - paid self - pick - up price (intermediate price) of PP (拉丝级, melt index 2 - 4) in Zhejiang is 6400, and the futures price is 6500, with a basis of 100 [1]. - **PVC (V2601)**: The market price (mainstream price) of PVC (SG - 5) in the Changzhou market, China is 4456, and the futures price is 4420, with a basis of - 36 [1]. - **Caustic Soda (SH601)**: The market price (mainstream price) of caustic soda (32% ion - membrane caustic soda) in Shandong market converted to 100% is 2437.5, and the futures price is 2261, with a basis of 176.5 [1]. - **LPG (PG2512)**: The market price of LPG in Guangzhou region is 4397, and the futures price is 4348, with a basis of - 49 [1]. - **Asphalt (BU2601)**: The market price (mainstream price) of asphalt (heavy - traffic asphalt) in Shandong region is 3030, and the futures price is 3058, with a basis of 28 [1]. - **Butadiene Rubber (BR2601)**: The distribution price of cis - butadiene rubber (Daqing, BR9000) of PetroChina East China is 10700, and the futures price is 10520, with a basis of 180 [1]. - **Glass (FG601)**: The market price of Fufa glass 5mm large board in Shahe, Shahe Great Wall Glass (daily) is 988, and the futures price is 989, with a basis of - 1 [1]. - **Soda Ash (SA601)**: The market price of heavy - grade soda ash in Shahe (daily) is 1158, and the futures price is 1128, with a basis of - 30 [1]. - **Natural Rubber (RU2601)**: The market price of natural rubber (Yunnan state - owned whole latex) in Shanghai is 15250, and the futures price is 14850, with a basis of 400 [1]. Financial Futures - **Stock Index Futures**: - IF2512.CFE: The futures price is 4564.9, and the basis is - 25.7, with a basis rate of - 0.57% [1]. - IH2512.CFE: The futures price is 3002.6, and the basis is - 5.7, with a basis rate of - 0.19% [1]. - IC2512.CFE: The futures price is 7061.9, and the basis is - 61.9, with a basis rate of - 0.88% [1]. - IM2512.CFE: The futures price is 7340.4, and the basis is - 76.8, with a basis rate of - 1.00% [1]. - **Treasury Bond Futures**: - TS2512: The futures price is 100.04, and the basis is - 0.01, with a basis rate of - 0.01% [1]. - TF2512: The futures price is 105.92, and the basis is 0.00, with a basis rate of 0.00% [1]. - T2512: The futures price is 108.48, and the basis is 0.08, with a basis rate of 0.08% [1]. - TL2512: The futures price is 115.93, and the basis is 0.16, with a basis rate of 0.14% [1].

Report Information - Report Title: All-variety Spread Daily Report [3] - Date: November 18, 2025 [3] - Data Sources: Wind, Mysteel, GF Futures Research Institute [4] Core Data Summary Ferrous Metals - **Silicon Iron (SF601)**: Futures price is 5566, down 8; spot price is 5870, with a basis rate of 1.35% [1] - **Silicon Manganese (SM601)**: Futures price not fully shown; spot price related to the reference has a basis rate information, and the historical quantile is 40.20% [1] - **Rebar (RB2601)**: Futures price is 3097; spot price of HRB400 20mm in Shanghai is 3220, with a basis rate of 3.97% [1] - **Hot Rolled Coil (HC2601)**: Futures price is 3310; spot price is 3302, up 0.24% [1] - **Iron Ore (I2601)**: Futures price is 789; spot price of 62.5% Brazilian mixed powder at Rizhao Port is 850, up 7.83% [1] - **Coke (J2601)**: Futures price is 1710; spot price of quasi - first - class metallurgical coke at Rizhao Port is 1689, up 51.73% [1] - **Coking Coal (JM2601)**: Futures price is 1301; spot price of S1.3 G75 main coking coal at Shaheyi is 1210, up 7.52% [1] Non - ferrous Metals - **Copper (CU2512)**: Futures price is 86510; spot price of SMM 1 electrolytic copper is 86450, with a basis rate of 0.07% [1] - **Aluminum (AL2601)**: Futures price is 21725; spot price of SMM A00 aluminum is 21630, with a basis rate of 24.37% [1] - **Alumina (AO2601)**: Futures price is 2817; spot price of SMM alumina index is 2846, with a basis rate of 1.03% [1] - **Zinc (ZN2512)**: Futures price is 22330; spot price of SMM 1 zinc ingot is 22465, down 0.60% [1] - **Tin (SN2512)**: Futures price is 289900; spot price of SMM 1 tin is 290360, down 0.10% [1] - **Nickel (NI2512)**: Futures price is 117225; spot price of SMM 1 imported nickel is 116750, up 0.41% [1] - **Stainless Steel (SS2601)**: Futures price is 12870; spot price is 12415, up 3.66% [1] - **Lithium Carbonate (LC2601)**: Futures price is 95200; spot price of SMM battery - grade lithium carbonate is 86150, down 9.51% [1] - **Industrial Silicon (SI2601)**: Futures price is 9500; spot price of SMM silicon is 9080, up 4.63% [1] Precious Metals - **Gold (AU2512)**: Futures price is 929.5; spot price of Shanghai Gold Exchange's gold (T + D) is 930.2, with a basis rate of 0.08% [1] - **Silver (AG2602)**: Futures price is 11933.0; spot price of Shanghai Gold Exchange's silver (T + D) is 11970.0, with a basis rate of 0.31% [1] Agricultural Products - **Soybean Meal (M2601)**: Futures price is 3043.0; spot price of ordinary protein soybean meal in Zhangjiagang, Jiangsu is 2990, down 1.74% [1] - **Soybean Oil (Y2601)**: Futures price is 8490; spot price of fourth - grade soybean oil in Zhangjiagang, Jiangsu is 8282.0, up 2.51% [1] - **Palm Oil (P2601)**: Futures price is 8680.0; spot price in Huangpu Port is 8640, down 0.46% [1] - **Rapeseed Meal (RM601)**: Futures price is 2520; spot price of ordinary rapeseed meal in Zhanjiang, Guangdong is 2449.0, up 60.10% [1] - **Rapeseed Oil (OI601)**: Futures price is 10230; spot price of fourth - grade rapeseed oil in Nantong, Jiangsu is 9880.0, up 3.54% [1] - **Corn (C2601)**: Futures price is 2230; spot price at Jinzhou Port is 2182.0, up 2.45% [1] - **Corn Starch (CS2601)**: Futures price is 2550; spot price in Changchun, Jilin is 2489.0, down 0.38% [1] - **Pig (LH2601)**: Futures price is 11695.0; spot price in Henan is 11650, down 45.0 [1] - **Egg (JD2601)**: Futures price is 3229.0; spot price in Shijiazhuang, Hebei is 2840, down 12.05% [1] - **Cotton (CF601)**: Futures price is 14579; spot price of 3128B cotton in Xinjiang is 13445.0, up 5.53% [1] - **Sugar (SR601)**: Futures price is 5760; spot price at Liuzhou Station is 5458.0, up 49.00% [1] - **Apple (AP601)**: Futures price is 8840; spot price of apple's delivery theoretical price is 9438.0, down 6.34% [1] - **Red Dates (CJ601)**: Futures price is 8900; spot price of first - grade grey dates in Hebei is 9270.0, down 3.99% [1] Energy and Chemicals - **Paraxylene (PX601)**: Futures price is 6796.0; spot price at China's main ports is 6805.0, with a basis rate of 0.13% [1] - **PTA (TA601)**: Futures price is 4620.0; spot price in the East China region is 4692.0, down 1.53% [1] - **Ethylene Glycol (EG2601)**: Futures price is 3938.0; spot price in the East China region is 3975.0, with a basis rate of 0.94% [1] - **Polyester Staple Fiber (PF602)**: Futures price is 6230.0; spot price in the East China market is 6295.0, up 1.04% [1] - **Styrene (EB2512)**: Futures price is 6496.0; spot price in East China is 6535.0, with a basis rate of 0.60% [1] - **Methanol (MA601)**: Futures price is 2012.0; spot price in Taicang, Jiangsu is 2029.0, down 0.84% [1] - **Urea (UR601)**: Futures price is 1590.0; spot price in Shandong is 1662.0, up 2.30% [1] - **LLDPE (L2601)**: Futures price is 6843.0; spot price in Shandong is 6925.0, up 1.20% [1] - **PP (PP2601)**: Futures price is 6467.0; spot price in Zhejiang is 6500.0, with a basis rate of 0.51% [1] - **PVC (V2601)**: Futures price is 4601.0; spot price in Changzhou is 4510.0, down 1.98% [1] - **Caustic Soda (SH601)**: Futures price is 2291.0; spot price in Shandong is 2437.5, with a basis rate of 6.39% [1] - **LPG (PG2512)**: Futures price is 4398.0; spot price in Guangzhou is 4410.0, down 0.27% [1] - **Asphalt (BU2601)**: Futures price is 3032.0; spot price in Shandong is 3020.0, down 0.40% [1] - **Butadiene Rubber (BR2601)**: Futures price is 10455.0; spot price in East China is 10500.0, up 0.43% [1] - **Float Glass (FG601)**: Futures price is 1029.0; spot price in Shahe is 1008.0, up 70.16% [1] - **Soda Ash (SA601)**: Futures price is 1231.0; spot price in Shahe is 1181.0, down 4.23% [1] - **Natural Rubber (RU2601)**: Futures price is 15315.0; spot price in Shanghai is 14800.0, down 3.48% [1] Financial Futures - **Stock Index Futures**: - **IF2512.CFE**: Futures price is 4598.1; basis is - 16.7, down 0.36% [1] - **IH2512.CFE**: Futures price is 3009.2; basis is - 2.9, down 0.10% [1] - **IC2512.CFE**: Futures price is 7235.4; basis is - 92.0, down 1.2% [1] - **IM2512.CFE**: Futures price is 7523.1; basis is - 128.7, down 1.74% [1] - **Treasury Bond Futures**: - **2 - year Treasury Bond (TS2512)**: Futures price is 102.48; conversion factor is 0.9765 [1] - **5 - year Treasury Bond (TF2512)**: Futures price is 105.89; conversion factor is 0.9405 [1] - **10 - year Treasury Bond (T2512)**: Futures price is 106.53; conversion factor is 0.9814 [1] - **30 - year Treasury Bond (TL2512)**: Futures price is 116.46; conversion factor is 1.1271 [1]

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core View of the Report No information provided. 3. Summary by Related Catalogs Ferrous Metals - **Silicon Iron (SF601)**: The conversion price of 72 - silicon iron qualified blocks from Inner Mongolia to Tianjin warehouse receipts is 5490, with a change of 64 and a change rate of 1.24%, and a historical quantile of 64.00% [1]. - **Silicon Manganese (SM601)**: The price is 5870, with a change of 122 and a change rate of 2.12%, and a historical quantile of 48.40%. The conversion price of silicon manganese from Inner Mongolia to Hubei warehouse receipts is 6517 [1]. - **Rebar (RB2601)**: The price of HRB400 20mm in Shanghai is 3053 [1]. - **Hot - Rolled Coil (HC2601)**: The price is 3260, with a change of 4 and a change rate of 0.12%, and a historical quantile of 19.40%. The reference is Q235B 4.75mm in Shanghai [1]. - **Iron Ore (I2601)**: The price is 843, with a change of 70 and a change rate of 9.09%, and a historical quantile of 55.20%. The conversion price is for 62.5% Brazilian mixed powder (BRBF) from Vale at Rizhao Port [1]. - **Coke (J2601)**: The price is 1689, with a change of 20, and a historical quantile of 72.08%. The conversion price is for quasi - first - class metallurgical coke at Rizhao Port [1]. - **Coking Coal (JM2601)**: The price is 1301, with a change of 109 and a change rate of 9.14%, and a historical quantile of 54.40%. The conversion price is for S1.3 G75 main coking coal (Meng 5) at Shaheyi [1]. Non - Ferrous Metals - **Copper (CU2512)**: The spot price is 87095, the futures price is 86900, the basis is 195, the basis rate is 0.22%, and the historical quantile is 69.58% [1]. - **Aluminum (AL2601)**: The spot price is 21910, the futures price is 21840, the basis is 70, the basis rate is 0.32%, and the historical quantile is 76.45% [1]. - **Alumina (AO2601)**: The spot price is 2847, the futures price is 2822, the basis is 25, the basis rate is 0.90%, and the historical quantile is 30.61% [1]. - **Zinc (ZN2512)**: The spot price is 22420, the futures price is 22425, the basis is - 5, the basis rate is - 0.02%, and the historical quantile is 59.16% [1]. - **Tin (SN2512)**: The spot price is 1 1 1 0 00, 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Report Core View The report presents the price information of various futures and spot commodities, including black series, non - ferrous metals, precious metals, agricultural products, and energy chemicals, as well as the basis, basis rate, and historical quantile of these products. It aims to provide investors with a comprehensive view of the market price differences between futures and spot commodities. 3. Summary by Related Catalogs Black Series - **Silicon - based Alloys**: For silicon iron (SF601), the spot price is 5500, the futures price is 2658, and the historical quantile is 73.00%. For silicon manganese (SM601), the spot price is 3199%, the futures price is 3230, and the historical quantile is 54.10% [1]. - **Steel Products**: The spot price of HRB400 20mm in Shanghai is not provided, and the futures price of rebar (RB2601) is not given either. For hot - rolled coil (HC2601), the historical quantile is 26.60%. The spot price of Q235B 4.75mm in Shanghai is 3308 [1]. - **Iron Ore**: The spot price of 62.5% Brazilian mixed powder (BRBF) at Rizhao Port is 864, the futures price of iron ore (I2601) is not provided, and the historical quantile is 51.00% [1]. - **Coking Coal and Coke**: For coke (J2601), the spot price is 1777, the futures price is 1721, and the historical quantile is 35.17%. For coking coal (JM2601), the spot price is 1286, and the historical quantile is 49.70% [1]. Non - Ferrous Metals - **Copper**: The spot price of copper (CU2512) is 87570, the futures price is 87010, the basis is 560, the basis rate is 0.64%, and the historical quantile is 89.37% [1]. - **Aluminum**: The spot price of aluminum (AL2512) is 21300, the futures price is 21280, the basis is - 20, the basis rate is - 0.109%, and the historical quantile is 51.66% [1]. - **Other Non - Ferrous Metals**: Information on zinc, alumina, tin, etc. is also provided, including their spot prices, futures prices, basis, basis rates, and historical quantiles [1]. Precious Metals - **Gold**: The spot price of gold (AU2512) is 921.0, the futures price is 6126, the basis is - 0.10%, the basis rate is - 0.9, and the historical quantile is 75.10% [1]. - **Silver**: The spot price of silver (AG2512) is 11410.0, the futures price is 11441.0, the basis is - 31.0, the basis rate is - 0.27%, and the historical quantile is 28.20% [1]. Agricultural Products - **Oilseeds and Oils**: Information on soybean meal, soybean oil, palm oil, rapeseed meal, rapeseed oil, etc. is presented, including their spot prices, futures prices, basis, basis rates, and historical quantiles [1]. - **Grains and Livestock**: For corn, corn starch, pork, eggs, etc., relevant price and quantile information is provided [1]. Energy Chemicals - **Petrochemicals**: For para - xylene (PX601), PTA (TA601), ethylene glycol (EG2601), etc., the report shows their spot prices, futures prices, basis, basis rates, and historical quantiles [1]. - **Other Chemicals**: Information on styrene, methanol, urea, etc. is also included, with details of their price differences and quantiles [1].

Report Summary 1. Report Industry Investment Rating No information about the industry investment rating is provided in the given content. 2. Report Core View The report presents the daily price spreads of various futures and spot commodities across multiple sectors including ferrous metals, non - ferrous metals, precious metals, agricultural products, and energy chemicals on October 28, 2025. It includes data such as futures prices, spot prices, basis, basis rates, and historical quantiles for each commodity. [1] 3. Summary by Commodity Sectors Ferrous Metals - **Silicon - based Alloys**: For silicon iron (SF601), the futures price is 2598 with a 2.55% change, the spot price is 5950, and the basis is 3352 with a basis rate of 52.10%. For silicon manganese (SM601), the futures price is not fully shown, the spot price is 5802, and the basis is 148 with a basis rate of 2.55%. [1] - **Steel Products**: The futures price of rebar (RB2601) is 3210 with a 3.55% change, the spot price of HRB400 20mm in Shanghai is 3100, and the basis is - 110 with a basis rate of - 3.43%. The futures price of hot - rolled coil (HC2601) is 3299, and the spot price of Q235B 4.75mm in Shanghai is 3330, with a basis of 31 and a basis rate of 0.94%. [1] - **Iron Ore and Coking Coal**: The futures price of iron ore (I2601) is - 134 with a - 7.51% change, the spot price of 62.5% Brazilian mixed powder at Rizhao Port is 1780, and the basis is 1914 with a basis rate of 107.53%. The futures price of coke (J2601) is 1646, the spot price of quasi - first - grade metallurgical coke at Rizhao Port is 1780, and the basis is 134 with a basis rate of 8.14%. The futures price of coking coal (JM2601) is 1329, the spot price of S1.3 G75 main coking coal at Shaheyi is 1264, and the basis is - 65 with a basis rate of - 4.9%. [1] Non - Ferrous Metals - **Copper**: The futures price of copper (CU2512) is 88215 with a - 0.18% change, the spot price of 1 electrolytic copper is 88370, and the basis is 155 with a basis rate of 0.18%. [1] - **Aluminum and Alumina**: The futures price of aluminum (AL2512) is 21160 with a - 0.94% change, the spot price of SMM A00 aluminum is 21360, and the basis is 200 with a basis rate of 0.94%. The futures price of alumina (AO2601) is 2829, the spot price of SMM alumina index is 2881, and the basis is 52 with a basis rate of 1.84%. [1] - **Other Non - Ferrous Metals**: For zinc (ZN2512), the futures price is 22140 with a - 1.01% change, the spot price of 1 zinc ingot is 22365, and the basis is 225 with a basis rate of 1.01%. For tin (SN2512), the futures price is 283500 with a - 1.13% change, the spot price of 1 tin is 286720, and the basis is 3220 with a basis rate of 1.13%. [1] Precious Metals - **Gold and Silver**: The futures price of gold (AU2512) is 930.3 with a - 0.41% change, the spot price of Shanghai Gold Exchange gold (T + D) is 934.1, and the basis is 3.8 with a basis rate of 0.41%. The futures price of silver (AG2512) is 11345 with a - 0.43% change, the spot price of Shanghai Gold Exchange silver (T + D) is 11394, and the basis is 49 with a basis rate of 0.43%. [1] Agricultural Products - **Oilseeds and Oils**: The futures price of soybean meal (M2601) is 2932 with a - 1.09% change, the spot price of common protein soybean meal in Jiangsu Zhangjiagang is 2900, and the basis is - 32 with a basis rate of - 1.09%. The futures price of soybean oil (V2601) is 8390 with a 1.89% change, the spot price of fourth - grade soybean oil in Jiangsu Zhangjiagang is 8234, and the basis is - 156 with a basis rate of - 1.86%. [1] - **Other Agricultural Products**: For palm oil (P2601), the futures price is 9010 with a - 0.99% change, the spot price at Huangpu Port is 9100, and the basis is 90 with a basis rate of 1.0%. For rapeseed meal (RM601), the futures price is 2335 with a 5.78% change, the spot price in Guangdong Zhanjiang is 2470, and the basis is 135 with a basis rate of 5.78%. [1] Energy Chemicals - **Petrochemicals**: The futures price of paraxylene (PX601) is 6626 with a - 1.61% change, the spot price at Chinese main ports is 6729, and the basis is 103 with a basis rate of 1.55%. The futures price of PTA (TA601) is 4520 with a 1.95% change, the spot price in East China is 4616, and the basis is 96 with a basis rate of 2.13%. [1] - **Other Chemicals**: For methanol (MA601), the futures price is 2230 with a 0.97% change, the spot price in Jiangsu Taicang is 2268, and the basis is 38 with a basis rate of 1.7%. For urea (UR601), the futures price is 1610 with a - 2.2% change, the spot price in Shandong is 1640, and the basis is 30 with a basis rate of 1.83%. [1]

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core View of the Report The report presents the latest price and basis data of various futures and spot commodities, including ferrous metals, non - ferrous metals, precious metals, agricultural products, and energy chemicals, as well as stock index futures and bond futures, to provide a reference for market participants [1]. 3. Summary by Related Catalogs Ferrous Metals - **Silicon Iron (SF51)**: The spot price is 5758, the futures price is 5786, the basis is - 28, and the basis rate is 0.54%. The historical quantile is 55.30% [1]. - **Silicon Manganese (SM601)**: The spot price is 5970, the futures price is 2038, the basis is 3932, and the basis rate is 31.20% [1]. - **Rebar (RB2601)**: The spot price of HRB400 20mm in Shanghai is 3167, the futures price is 3290, the basis is - 123, and the basis rate is 3.88%. The historical quantile is 56.60% [1]. - **Hot - Rolled Coil (HC2601)**: The spot price of Q235B 4.75mm in Shanghai is 3358, the futures price is 3400, the basis is - 42, and the basis rate is 1.25%. The historical quantile is 36.50% [1]. - **Iron Ore (12601)**: The spot price of 62.5% Brazilian mixed powder (BRBF) at Rizhao Port is 806, the futures price is 853, the basis is - 47, and the basis rate is - 5.51%. The historical quantile is 40.40% [1]. - **Coke (J2601)**: The spot price of quasi - first - grade metallurgical coke at Rizhao Port is 1646, the futures price is 1760, the basis is - 114, and the basis rate is - 6.49%. The historical quantile is 8.35% [1]. - **Coking Coal (JM2601)**: The spot price of S1.3 G75 main coking coal (Meng 5) at Shaheyi is 1235, the futures price is 1185, the basis is 50, and the basis rate is 4.22%. The historical quantile is 15.00% [1]. Non - Ferrous Metals - **Copper (CU2511)**: The SMM electrolytic copper average price is 82505, the futures price is 82710, the basis is - 205, and the basis rate is - 0.25%. The historical quantile is 25.41% [1]. - **Aluminum (AL2511)**: The SMM A00 aluminum average price is 20770, the futures price is 20765, the basis is 5, and the basis rate is 0.02%. The historical quantile is 59.16% [1]. - **Alumina (AO2601)**: The SMM heavy - alumina modulus average price is 3001, the futures price is 2942, the basis is 59, and the basis rate is 2.00%. The historical quantile is 42.95% [1]. - **Zinc (ZN2511)**: The SMM 1 zinc ingot average price is 21800, the futures price is 22045, the basis is - 245, and the basis rate is - 1.11%. The historical quantile is 7.08% [1]. - **Tin (SN2511)**: The SMM 1 tin average price is 273700, the futures price is 273710, the basis is - 10, and the basis rate is 0.00%. The historical quantile is 47.70% [1]. - **Nickel (NISEJI)**: The SMM 1 imported nickel average price is 123225, the futures price is 122990, the basis is 235, and the basis rate is 0.19%. The historical quantile is 70.20% [1]. - **Stainless Steel (SS2511)**: The price of 304/2B:2*1240*C at Wuxi Hongwang (including trimming fee) is 13370, the futures price is 12930, the basis is 440, and the basis rate is 3.40%. The historical quantile is 84.54% [1]. - **Lithium Carbonate (LC2511)**: The SMM battery - grade lithium carbonate average price is 73750, the futures price is 74040, the basis is - 290, and the basis rate is - 0.39%. The historical quantile is 51.10% [1]. - **Industrial Silicon (SI2511)**: The SMM industrial silicon average price is 9500, the futures price is 9055, the basis is 445, and the basis rate is 4.91%. The historical quantile is 32.79% [1]. Precious Metals - **Gold (AU2512)**: The Shanghai Gold Exchange gold spot AU (T + D) price is 854.7, the futures price is 852.0, the basis is 2.7, and the basis rate is 0.32%. The historical quantile is 26.50% [1]. - **Silver (AG2512)**: The Shanghai Gold Exchange silver spot AG (T + D) price is 10411.0, the futures price is 10353.0, the basis is 58.0, and the basis rate is 0.56%. The historical quantile is 26.50% [1]. Agricultural Products - **Soybean Meal (M2601)**: The ex - factory price of ordinary soybean meal in Zhangjiagang, Jiangsu is 2900, the futures price is 2967.0, the basis is - 67.0, and the basis rate is - 2.26%. The historical quantile is 26.50% [1]. - **Soybean Oil (V2601)**: The ex - factory price of grade 4 soybean oil in Zhangjiagang, Jiangsu is 8350, the futures price is 8192.0, the basis is 158.0, and the basis rate is 1.93%. The historical quantile is 31.50% [1]. - **Palm Oil (P2601)**: The delivery price of palm oil at Huangpu Port is 9222.0, the futures price is 9150, the basis is 72.0, and the basis rate is 0.79%. The historical quantile is 6.40% [1]. - **Rapeseed Meal (RM601)**: The ex - factory price of ordinary rapeseed meal in Zhanjiang, Guangdong is 2444.0, the futures price is 2530, the basis is - 86.0, and the basis rate is - 3.40%. The historical quantile is 62.30% [1]. - **Rapeseed Oil (Ol601)**: The ex - factory price of grade 4 rapeseed oil in Nantong, Jiangsu is 10142.0, the futures price is 10330, the basis is - 188.0, and the basis rate is - 1.82%. The historical quantile is 67.70% [1]. - **Corn (C2511)**: The f.o.b. price of corn at Jinzhou Port is 2310, the futures price is 2165.0, the basis is 145.0, and the basis rate is 6.70%. The historical quantile is 96.00% [1]. - **Corn Starch (CS2511)**: The ex - factory price of corn starch in Changchun, Jilin is 2600, the futures price is 2474.0, the basis is 126.0, and the basis rate is 5.09%. The historical quantile is 63.40% [1]. - **Live Hogs (H251)**: The ex - factory price of live hogs (external ternary) in Henan is 12550, the futures price is 12685.0, the basis is - 135.0, and the basis rate is - 1.06%. The historical quantile is 38.50% [1]. - **Eggs (JD2511)**: The average price of eggs in Shijiazhuang, Hebei is 414.0, the futures price is 3490, the basis is 65.0, and the basis rate is 1.86%. The historical quantile is 13.46% [1]. - **Cotton (CF601)**: The arrival price of cotton 3128B in Xinjiang is 15030, the futures price is 13530.0, the basis is 1500.0, and the basis rate is 11.09%. The historical quantile is 94.00% [1]. - **Sugar (SR601)**: The spot price of white sugar at Liuzhou Station is 5890, the futures price is 5485.0, the basis is 405.0, and the basis rate is 7.38%. The historical quantile is 73.30% [1]. - **Apples (AP601)**: The theoretical delivery price of apples is 8600, the futures price is 8446.0, the basis is 154.0, and the basis rate is 1.82%. The historical quantile is 27.40% [1]. - **Red Dates (CJ601)**: The wholesale price of first - grade grey dates in Hebei is 10970.0, the futures price is 9500, the basis is 1470.0, and the basis rate is 15.42%. The historical quantile is 32.50% [1]. Energy Chemicals - **Para - Xylene (PX511)**: The spot price (CFR) of para - xylene at the main port in China, converted to RMB, is 6594.0, the futures price is 6686.8, the basis is - 92.8, and the basis rate is - 1.41%. The historical quantile is 50.90% [1]. - **PTA (TA601)**: The market price (mid - price) of purified terephthalic acid (PTA) in East China is 4530.0, the futures price is 4604.0, the basis is - 74.0, and the basis rate is - 1.61%. The historical quantile is 24.80% [1]. - **Ethylene Glycol (EG2601)**: The market price (mid - price) of ethylene glycol in East China is 4345.0, the futures price is 4257.0, the basis is 88.0, and the basis rate is 2.07%. The historical quantile is 88.60% [1]. - **Polyester Staple Fiber (PF511)**: The market price (mainstream price) of polyester staple fiber (1.4D*38mm (direct - spun)) in the East China market is 6284.0, the futures price is 6425.0, the basis is - 141.0, and the basis rate is - 2.24%. The historical quantile is 76.70% [1]. - **Styrene (EB2511)**: The market price (spot benchmark price) of styrene in East China, China is 7030.0, the futures price is 6992.0, the basis is 38.0, and the basis rate is 0.54%. The historical quantile is 35.10% [1]. - **Methanol (MA601)**: The market price (spot benchmark price) of methanol in Taicang, Jiangsu, China is 2361.0, the futures price is 2250.0, the basis is 111.0, and the basis rate is 4.70%. The historical quantile is 10.80% [1]. - **Urea (UR601)**: The market price (mainstream price) of small - particle urea in Shandong is 1640.0, the futures price is 1661.0, the basis is - 21.0, and the basis rate is - 1.28%. The historical quantile is 8.20% [1]. - **LLDPE (L2601)**: The duty - paid self - pick - up price (mid - price) of linear low - density polyethylene LLDPE (film grade) in Shandong is 7190.0, the futures price is 7169.0, the basis is 21.0, and the basis rate is 0.29%. The historical quantile is 28.30% [1]. - **PP (PP2601)**: The duty - paid self - pick - up price (mid - price) of polypropylene PP (wire - drawing grade, melt index 2 - 4) in Zhejiang is 6860.0, the futures price is 6914.0, the basis is - 54.0, and the basis rate is - 0.79%. The historical quantile is 11.90% [1]. - **PVC (V2601)**: The market price (mainstream price) of polyvinyl chloride (SG - 5) in the Changzhou market, China is 4780.0, the futures price is 4950.0, the basis is - 170.0, and the basis rate is - 3.43%. The historical quantile is 34.10% [1]. - **Caustic Soda (SH601)**: The market price (mainstream price) of caustic soda (32% ion - membrane caustic soda) in Shandong, converted to 100%, is 2641.0, the futures price is 2500.0, the basis is 141.0, and the basis rate is 5.64%. The historical quantile is 29.40% [1]. - **LPG (PG2511)**: The market price of liquefied petroleum gas in Guangzhou is 4548.0, the futures price is 4360.0, the basis is 188.0, and the basis rate is 4.31%. The historical quantile is 42.10% [1]. - **Asphalt (BU2511)**: The market price (mainstream price) of asphalt (heavy - traffic asphalt) in Shandong is 3520.0, the futures price is 3421.0, the basis is 99.0, and the basis rate is 2.81%. The historical quantile is 71.80% [1]. - **Butadiene Rubber (BR2511)**: The Chinese distribution price of cis - butadiene rubber (Daqing, BR9000) in North China is 11445.0, the futures price is 11700.0, the basis is - 255.0, and the basis rate is - 2.23%. The historical quantile is 56.80% [1]. - **Glass (FG601)**: The market price of 5mm large - plate float glass in Shahe is 1128.0, the futures price is 1270.0, the basis is - 142.0, and the basis rate is - 11.18%. The historical quantile is 16.94% [1]. - **Soda Ash (SA601)**: The market price of heavy - soda ash in Shahe is 1225.0, the futures price is 1315.0, the basis is - 90.0, and the basis rate is - 6.86%. The historical quantile is 10.04% [1