Group 1: Market Performance Summary - Based on the closing prices of adjacent trading days, the Nanhua Composite Index fell -0.17% today [1][3]. - Among the sector indices, only the Nanhua Precious Metals Index rose 1.33%, while the rest declined. The Nanhua Non - Ferrous Metals Index had the largest decline of -0.61%, and the Nanhua Agricultural Products Index had the smallest decline of -0.23% [1][3]. - All theme indices declined. The Coal - to - Chemical Index had the largest decline of -0.77%, and the Mini Composite Index had the smallest decline of -0.08% [1][3]. - In the commodity futures single - variety indices, the silver index had the largest increase of 1.68%, and the lithium carbonate index had the largest decline of -3.14% [1][3]. Group 2: Index - Specific Data Comprehensive Index - The Nanhua Composite Index (NHCI) closed at 2538.87 today, down from 2543.12 yesterday, a decrease of -4.24 points or -0.17%. Its annualized return rate is 0.10%, annualized volatility is 11.69%, and the Sharpe ratio is 0.01 [3]. Sector Indices - The Nanhua Precious Metals Index (NHPMI) closed at 1514.74, up 19.86 points or 1.33% from the previous day. Its annualized return rate is 41.62%, annualized volatility is 18.18%, and the Sharpe ratio is 2.29 [3]. - The Nanhua Industrial Products Index (NHII) closed at 3556.67, down -16.22 points or -0.45% from yesterday. Its annualized return rate is -6.44%, annualized volatility is 14.02%, and the Sharpe ratio is -0.46 [3]. - The Nanhua Metal Index (NHMI) closed at 6485.90, down -30.03 points or -0.46% from the previous day. Its annualized return rate is 1.52%, annualized volatility is 12.25%, and the Sharpe ratio is 0.12 [3]. - The Nanhua Energy and Chemical Index (NHECI) closed at 1590.82, down -8.46 points or -0.53% from yesterday. Its annualized return rate is -13.23%, annualized volatility is 16.72%, and the Sharpe ratio is -0.79 [3]. - The Nanhua Non - Ferrous Metals Index (NHNF) closed at 1747.44, down -10.66 points or -0.61% from the previous day. Its annualized return rate is 4.31%, annualized volatility is 12.51%, and the Sharpe ratio is 0.34 [3]. - The Nanhua Black Index (NHFI) closed at 2565.73, down -8.12 points or -0.32% from yesterday. Its annualized return rate is -5.68%, annualized volatility is 17.09%, and the Sharpe ratio is -0.33 [3]. - The Nanhua Agricultural Products Index (NHAI) closed at 1049.31, down -2.37 points or -0.23% from the previous day. Its annualized return rate is -1.51%, annualized volatility is 8.76%, and the Sharpe ratio is -0.17 [3]. Theme Indices - The Mini Composite Index (NHCIMi) closed at 1177.34, down -0.92 points or -0.08% from the previous day. Its annualized return rate is -0.86%, annualized volatility is 9.73%, and the Sharpe ratio is -0.09 [3]. - The Cement Index (NHEI) closed at 1034.65, down -1.70 points or -0.16% from the previous day. Its annualized return rate is -0.85%, annualized volatility is 19.69%, and the Sharpe ratio is -0.04 [3]. - The Petrochemical Index (NHPCI) closed at 892.65, down -3.18 points or -0.35% from the previous day. Its annualized return rate is -2.55%, annualized volatility is 9.90%, and the Sharpe ratio is -0.26 [3]. - The Coal - to - Chemical Index (NHCCI) closed at 945.83, down -7.30 points or -0.77% from the previous day. Its annualized return rate is -3.59%, annualized volatility is 9.54%, and the Sharpe ratio is -0.38 [3]. - The Black Raw Materials Index (NHFM) closed at 1091.71, down -5.34 points or -0.49% from the previous day. Its annualized return rate is 1.34%, annualized volatility is 16.61%, and the Sharpe ratio is 0.08 [3]. - The Building Materials Index (NHBMI) closed at 713.22, down -2.77 points or -0.39% from the previous day. Its annualized return rate is -2.02%, annualized volatility is 12.43%, and the Sharpe ratio is -0.16 [3]. - The Oilseeds and Oils Index (NHOOI) closed at 1227.58, down -3.15 points or -0.26% from the previous day. Its annualized return rate is -2.31%, annualized volatility is 11.62%, and the Sharpe ratio is -0.20 [3]. - The Economic Crops Index (NHAECI) closed at 916.78, down -0.97 points or -0.11% from the previous day. Its annualized return rate is 0.32%, annualized volatility is 7.60%, and the Sharpe ratio is 0.04 [3]. Group 3: Single - Variety Index Data Metal Index - Coal in the metal index had a decline of -0.27% [7]. Agricultural Products Sector - Palm oil had a decline of -0.72%, rapeseed oil had a decline of -1.12%, lumber had a decline of -0.54%, live pigs had a decline of -0.55%, and corn's data is incomplete [9]. Energy and Chemical Sector - Some varieties in the energy and chemical sector had declines such as -0.73%, -0.81%, -1.12%, and -0.11%, and polyethylene had an increase of 0.29% [12].

Report Date - The report is dated October 20, 2025 [3] Index Performance Overall Index - The Nanhua Composite Index (NHCI) closed at 2515.75, down 0.24% (-6.15 points) from the previous close of 2521.90 [3] Sector Indexes - The Nanhua Precious Metals Index (NHPMI) dropped 3.42% to 1577.33, the biggest decline among sectors [1][3] - The Nanhua Agricultural Products Index (NHAI) rose 1.28% to 1058.04, the largest gain among sectors [1][3] - The Nanhua Metals Index (NHMI) edged up 0.13% to 6357.97, the smallest gain among sectors [1][3] Theme Indexes - The Economic Crops Index led the gainers, rising 1.24% [1] - The Building Materials Index had the smallest gain, up 0.16% [1] - The Mini Composite Index had the largest decline, down 0.32% [1] - The Coal - Chemical Index had the smallest decline, down 0.17% [1] Single - Variety Indexes - The Pig Index was the top gainer, rising 4.16% [1] - The Silver Index was the biggest loser, down 4.14% [3] Contribution to Index Fluctuations Nanhua Mini Composite Index - Positive contributors include Coke (8.17%), Crude Oil (3.63%), etc [3] - Negative contributors include Cotton (-10.96%), Rebar (-65.30%), etc [3] Nanhua Industrial Products Index - Positive contributors include Coke (21.32%), Natural Rubber (6.89%), etc [3] - Negative contributors include Cotton (-10.96%), Iron Ore (-65.30%), etc [3] Nanhua Composite Index - Positive contributors include Coke (46.28%), Natural Rubber (6.89%), etc [3] - Negative contributors include Cotton (-10.96%), Rebar (-65.30%), etc [3] Nanhua Metals Index - Positive contributors include Coke (18.61%), Natural Rubber (3.40%), etc [3] - Negative contributors include Cotton (-10.96%), Iron Ore (-65.30%), etc [3] Nanhua Energy - Chemical Index - Positive contributors include Fuel Oil (3.56%), Palm Oil (1.51%), etc [3] - Negative contributors include PVC (-9.31%), Methanol (-1.65%), etc [3] Nanhua Agricultural Products Index - Positive contributors include Rapeseed Meal (9.14%), Crude Oil (8.39%), etc [3] - Negative contributors include Glass (-4.73%), PTA (-1.91%), etc [3] Other Information - The calculation of the Nanhua Commodity Index excludes the spread at the time of contract roll - over, reflecting the real return of investing in the commodity system [8] - The contribution is calculated as the product of the change rate and the weight, and the calculation method for contribution is: a certain variety's daily change rate / Σ (each variety's daily change rate) [8]

Report Summary 1) Report Industry Investment Rating - Not provided in the given content 2) Core Viewpoints - Calculated based on the closing prices of adjacent trading days, today the Nanhua Composite Index rose by 0.96%. Among the sector indices, only the Nanhua Precious Metals Index fell by -0.32%, while the rest all rose, with the Nanhua Non - Ferrous Metals Index having the largest increase of 1.67% and the Nanhua Black Index having the smallest increase of 0.5% [1][3]. - All theme indices rose, with the Energy Index having the largest increase of 1.55% and the Coal - to - Chemical Index having the smallest increase of 0.28% [1][3]. - Among the single - variety indices of commodity futures, the International Copper index had the largest increase of 3.59%, and the Gold index had the largest decrease of - 0.61% [1][3]. 3) Summaries by Related Catalogs Market Data of Nanhua Commodity Index - The Nanhua Composite Index (NHCI) closed at 2568.05, up 24.38 points or 0.96% from the previous trading day, with an annualized return of 8.49%, an annualized volatility of 12.74%, and a Sharpe ratio of 0.67 [3]. - The Nanhua Precious Metals Index (NHPMI) closed at 1392.69, down 4.40 points or - 0.32% from the previous trading day, with an annualized return of 42.06%, an annualized volatility of 16.15%, and a Sharpe ratio of 2.60 [3]. - The Nanhua Industrial Products Index (NHII) closed at 3658.15, up 38.84 points or 1.07% from the previous trading day, with an annualized return of 2.27%, an annualized volatility of 15.31%, and a Sharpe ratio of 0.15 [3]. - The Nanhua Metal Index (NHMI) closed at 6456.92, up 66.24 points or 1.04% from the previous trading day, with an annualized return of 6.24%, an annualized volatility of 13.95%, and a Sharpe ratio of 0.45 [3]. - The Nanhua Energy and Chemical Index (NHECI) closed at 1673.93, up 15.83 points or 0.95% from the previous trading day, with an annualized return of - 2.72%, an annualized volatility of 17.70%, and a Sharpe ratio of - 0.15 [3]. - The Nanhua Non - Ferrous Metals Index (NHNF) closed at 1712.18, up 28.19 points or 1.67% from the previous trading day, with an annualized return of 5.96%, an annualized volatility of 12.66%, and a Sharpe ratio of 0.47 [3]. - The Nanhua Black Index (NHFI) closed at 2594.63, up 12.84 points or 0.50% from the previous trading day, with an annualized return of 1.42%, an annualized volatility of 20.67%, and a Sharpe ratio of 0.07 [3]. - The Nanhua Agricultural Products Index (NHAI) closed at 1076.18, up 8.01 points or 0.75% from the previous trading day, with an annualized return of 3.04%, an annualized volatility of 8.97%, and a Sharpe ratio of 0.34 [3]. - The Nanhua Mini - Composite Index (NHCIMi) closed at 1203.54, up 8.70 points or 0.73% from the previous trading day, with an annualized return of 2.18%, an annualized volatility of 11.00%, and a Sharpe ratio of 0.20 [3]. - The Nanhua Energy Index (NHEI) closed at 1080.42, up 16.52 points or 1.55% from the previous trading day, with an annualized return of - 0.61%, an annualized volatility of 19.53%, and a Sharpe ratio of - 0.03 [3]. - The Nanhua Petrochemical Index (NHPCI) closed at 930.44, up 6.40 points or 0.69% from the previous trading day, with an annualized return of - 1.83%, an annualized volatility of 10.06%, and a Sharpe ratio of - 0.18 [3]. - The Nanhua Coal - to - Chemical Index (NHCCI) closed at 1001.63, up 2.76 points or 0.28% from the previous trading day, with an annualized return of - 3.17%, an annualized volatility of 11.96%, and a Sharpe ratio of - 0.26 [3]. - The Nanhua Black Raw Materials Index (NHFM) closed at 1096.96, up 8.28 points or 0.76% from the previous trading day, with an annualized return of - 0.02%, an annualized volatility of 20.68%, and a Sharpe ratio of 0.00 [3]. - The Nanhua Building Materials Index (NHBMI) closed at 749.33, up 4.44 points or 0.60% from the previous trading day, with an annualized return of - 3.36%, an annualized volatility of 19.50%, and a Sharpe ratio of - 0.17 [3]. - The Nanhua Oilseeds and Oils Index (NHOOI) closed at 1249.41, up 16.76 points or 1.36% from the previous trading day, with an annualized return of 0.21%, an annualized volatility of 12.45%, and a Sharpe ratio of 0.02 [3]. - The Nanhua Economic Crops Index (NHAECI) closed at 896.40, up 3.07 points or 0.34% from the previous trading day, with an annualized return of - 0.67%, an annualized volatility of 7.20%, and a Sharpe ratio of - 0.09 [3]. Agricultural Products Sector - Among the single - variety indices in the agricultural products sector, Palm Oil rose by 1.05%, Rapeseed Oil by 2.23%, Rapeseed by 0.13%, Rapeseed Meal by 2.05%, and Starch by 0.11% [16].

南华商品指数： 王怡琳 2025-06-27 17:19:07 摘要：依照相邻交易日的收盘价计算，今日南华综合指数上涨0.16%。板块指数中，只有南华贵金属指数，下 跌-0.71%，其余板块均是上涨，涨幅最大的板块是南华黑色指数，涨幅为1.07%，涨幅最小的板块是南华能化指 数，涨幅为0.02%。 主题指数中，涨幅最大的主题指数是黑色原材料指数，上涨1.41%，涨幅最小的主题指数是迷 你综合指数，涨幅为0.02%，跌幅最大的主题指数是能源指数，跌幅为-0.28%，跌幅最小的主题指数是石油化工指 数，跌幅为-0.01%。 商品期货单品种指数中，涨幅最大的单品种指数是工业硅，上涨4.0 > 南华期货 | 股票代码 603093 南华商品指数日报 曹扬慧 (Z0000505) 赵 搏 (F03103098) | | | | 南华商品指数市场数据 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 指数名称 | 今此段 | 昨收费 | 点数 | 日 0% | 年化收益率 | 年化波动座 | Sharpe | | | Today Close | P ...

Report Summary 1. Report Industry Investment Rating - No investment rating information is provided in the report. 2. Core View - Based on the closing prices of adjacent trading days, today the Nanhua Composite Index rose 0.06%. Among the sector indices, the Nanhua Energy and Chemical Index had the largest increase of 0.52%, and the Nanhua Industrial Products Index had the smallest increase of 0.18%. The Nanhua Metal Index had the largest decline of -0.39%, and the Nanhua Precious Metal Index had the smallest decline of -0.07%. Among the theme indices, the Energy Index had the largest increase of 1.11%, and the Oilseeds Index had the smallest increase of 0.09%. The Building Materials Index had the largest decline of -0.37%, and the Black Raw Materials Index had the smallest decline of -0.12%. Among the single - variety indices of commodity futures, the Fuel Oil Index had the largest increase of 1.74%, and the Plywood Index had the largest decline of -1.93% [1][3]. 3. Summary by Index Type 3.1 Comprehensive and Sector Indices | Index Name | Today's Close | Yesterday's Close | Points Change | Daily Change | Annualized Return Rate | Annualized Volatility | Sharpe Ratio | | --- | --- | --- | --- | --- | --- | --- | --- | | Composite Index NHCI | 2400.26 | 2398.92 | 1.33 | 0.06% | -12.75% | 14.01% | -0.91 | | Precious Metal Index NHPMI | 1238.66 | 1239.55 | -0.89 | -0.07% | 24.46% | 18.46% | 1.32 | | Industrial Products Index NHII | 3443.70 | 3437.64 | 6.06 | 0.18% | -19.41% | 15.77% | -1.23 | | Metal Index NHMI | 6036.80 | 6060.55 | -23.75 | -0.39% | -15.83% | 15.45% | -1.02 | | Energy and Chemical Index NHECI | 1598.39 | 1590.08 | 8.30 | 0.52% | -22.88% | 17.00% | -1.35 | | Non - ferrous Metal Index NHNF | 1633.92 | 1638.83 | -4.92 | -0.30% | -11.71% | 14.36% | -0.82 | | Black Index NHFI | 2303.82 | 2309.83 | -6.02 | -0.26% | -27.09% | 21.50% | -1.26 | | Agricultural Products Index NHAI | 1063.47 | 1060.97 | 2.50 | 0.24% | -3.27% | 9.99% | -0.33 | | Mini Composite Index NHCIMi | 1106.93 | 1104.77 | 2.16 | 0.20% | -1.87% | 13.26% | -0.14 | | Energy Index NHEI | 1003.48 | 992.49 | 10.99 | 1.11% | -5.49% | 30.62% | -0.18 | | Petrochemical Index NHPCI | 930.36 | 927.57 | 2.79 | 0.30% | -2.81% | 20.20% | -0.14 | | Coal - based Chemical Index NHCCI | 1011.08 | 1009.75 | 1.33 | 0.13% | -3.88% | 18.24% | -0.21 | | Black Raw Materials Index NHFM | 919.14 | 920.24 | -1.10 | -0.12% | -5.79% | 21.20% | -0.27 | | Building Materials Index NHBMI | 713.42 | 716.04 | -2.63 | -0.37% | -5.49% | 15.66% | -0.35 | | Oilseeds Index NHOOl | 1190.91 | 1189.88 | 1.02 | 0.09% | -0.40% | 12.02% | -0.03 | | Economic Crops Index NHAECI | 874.82 | 873.31 | 1.51 | 0.17% | -0.86% | 9.54% | -0.09% | [3] 3.2 Single - Variety Indices - The single - variety index with the largest increase was the Fuel Oil Index, rising 1.74%, and the single - variety index with the largest decline was the Plywood Index, falling -1.93% [3][4]. 3.3 Other Information - Some single - variety indices also showed changes in their positions. For example, the position change ratios of some products such as soda ash, eggs, and iron ore are provided, but the data presentation is incomplete [4]. - There are also some industry chain diagrams for parts of the energy - chemical and black sectors, showing the daily changes in the single - variety indices of related products [4][5].

南华商品指数：黑色板块领涨，农产品板块领跌 2025-06-05 08:55:52 王怡琳 > 南华期货 股票代码 603093 南华商品指数日报 2025年6月4日 | | | | 南华商品指数市场数据 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 指数名称 | 今收盘 | 昨收费 | 点数 | 日時 | 年化收益率 | 年化波动室 | Sharpe | | | Today Close | Pre. Close | Points | ଚିତ୍ର | ABB | An. Vol | Batio | | 综合指数 NHCl | 2382.69 | 2361.76 | 20.93 | 0.89% | -14.10% | 14.05% | -1.00 | | 贵金属指数 NHPMI | 1221.32 | 1221.55 | -0.23 | -0.02% | 20.19% | 18.72% | 1.08 | | 工业品管数 NHII | 3439.76 | 3385.02 | 54.74 | 1.62% | -20.17% | 15.80 ...