Core Insights - The article provides a comprehensive overview of domestic commodity basis data as of August 1, highlighting the differences between spot prices and futures contract prices across various commodities [1][2]. Group 1: Commodity Price Analysis - Copper shows a spot price of 78,370 CNY with a futures closing price of 78,400 CNY, resulting in a basis of -30 CNY, reflecting a slight decrease of -0.04% [1]. - Aluminum has a significant basis of -285 CNY, with a spot price of 16,450 CNY and a futures price of 16,735 CNY, indicating a decline of -1.73% [1]. - The price of rebar is reported at 3,360 CNY, with a futures price of 3,203 CNY, resulting in a positive basis of 157 CNY, which is an increase of 4.67% [1]. Group 2: Market Trends - The basis for soybean meal is -120 CNY, with a spot price of 2,890 CNY and a futures price of 3,010 CNY, reflecting a decrease of -4.15% [2]. - Cotton prices have increased significantly, with a spot price of 15,260 CNY and a futures price of 13,585 CNY, resulting in a basis of 1,675 CNY, which is a notable rise of 10.98% [2]. - The price of industrial silicon has surged to 9,800 CNY, with a futures price of 8,500 CNY, leading to a basis of 1,300 CNY, marking an increase of 13.27% [2]. Group 3: Specific Commodity Insights - The price of white sugar is at 5,931 CNY, with a futures price of 5,733 CNY, resulting in a basis of 198 CNY, reflecting a rise of 3.34% [2]. - The basis for palm oil is slightly positive at 20 CNY, with a spot price of 8,930 CNY and a futures price of 8,910 CNY, indicating a minor increase of 0.22% [2]. - The price of eggs has decreased significantly, with a spot price of 3,230 CNY and a futures price of 3,484 CNY, resulting in a negative basis of -254 CNY, which is a decline of -7.86% [2].

Core Viewpoint - The report provides a comprehensive overview of domestic commodity basis data as of July 31, highlighting the differences between spot prices and futures contract prices across various commodities, indicating market trends and potential investment opportunities [1][2]. Group 1: Commodity Basis Data - Copper shows a spot price of 78,500 with a futures closing price of 78,040, resulting in a basis of 460 and a basis rate of 0.59% [1]. - Zinc has a spot price of 22,320 and a futures price of 22,345, leading to a negative basis of -52 and a basis rate of -0.11% [1]. - Aluminum's spot price is 16,625, while the futures price is 16,735, resulting in a basis of -110 and a basis rate of -0.66% [1]. - The basis for rebar steel is 165 with a spot price of 3,370 and a futures price of 3,205, indicating a strong basis rate of 4.90% [1]. - The basis for paper pulp is notably high at 618, with a spot price of 5,850 and a futures price of 5,232, reflecting a basis rate of 10.56% [1]. Group 2: Price Changes and Trends - The price of cotton increased by 1,675 to reach 15,325, showing a significant rise of 10.93% [2]. - Industrial silicon has a spot price of 9,850, with a futures price of 8,760, resulting in a basis of 1,090 and a basis rate of 11.07% [2]. - The price of palm oil increased by 40 to 8,940, reflecting a slight rise of 0.45% [2]. - The price of eggs decreased by 282 to 3,240, indicating a decline of 8.70% [2]. - The price of sugar increased by 162 to 5,955, showing a rise of 2.72% [2]. Group 3: Market Insights - The report indicates that the basis rates for various commodities vary significantly, with some commodities like paper pulp and industrial silicon showing strong positive basis rates, suggesting potential investment opportunities [1][2]. - The fluctuations in prices across different commodities highlight the volatility in the market, which could impact investment strategies [1][2]. - The data reflects the overall health of the commodity market, with certain commodities experiencing price increases while others face declines, indicating a mixed market sentiment [1][2].