1月6日，国内期市化工板块大面积上行，PVC、甲醇主力涨逾2%。截止目前，PVC主力上涨2.48%，报 4876.00元/吨；甲醇主力上涨2.16%，报2272.00元/吨；对二甲苯主力上涨1.77%，报7356.00元/吨；原木 主力下跌0.19%，报776.00元/吨。 20号胶期货仓单57959吨，环比上个交易日持平； 截止北京时间1月5日，据基差数据显示：纸浆、甲醇、纯碱、短纤、PX、烧碱、瓶片、乙二醇、苯乙 烯、20号胶品种合约出现'期现倒挂'(现货价格高于期货价格)现象。 | 商品名称 | 现货价格 | 合约 | 期货价格 | 基差 | 基差率 | | --- | --- | --- | --- | --- | --- | | 天然橡胶 | 15575 | 2605 | 15800 | -225 | -1.44% | | 纸浆 | 5633.33 | 2605 | 5532 | 101 | 1.79% | | 丁二烯橡胶 | 11620 | 2603 | 11720 | -100 | -0.86% | | PTA | 5014.91 | 2605 | 5080 | -65 | -1.30% | | ...

| 合约名称 | 开盘价 | 昨收价 | 昨结价 | | --- | --- | --- | --- | | 鸡蛋 | 3150.00 | 3153.00 | 3152.00 | | 生猪 | 11385.00 | 11385.00 | 11275.00 | | 红枣 | 9200.00 | 9180.00 | 9310.00 | | 苹果 | 9506.00 | 9506.00 | 9589.00 | 12月9日农副产品期货价格行情 12月8日，商品市场仓单数据显示： 苹果期货仓单18张，环比上个交易日持平； 红枣期货仓单138张，环比上个交易日减少2张； 12月9日，国内期市农副产品板块涨跌参半，苹果主力跌幅超1%。截至目前，生猪主力上涨1.02%，报 11390.00元/吨；苹果主力下跌1.14%，报9480.00元/吨；红枣主力下跌0.86%，报9230.00元/吨；鸡蛋主 力上涨0.22%，报3159.00元/500千克。 鸡蛋期货仓单0手，环比上个交易日持平； 截止北京时间12月8日，据基差数据显示：红枣、鸡蛋、生猪品种合约出现'期现倒挂'(现货价格高于期 货价格)现象。 | | | | 苹果 | ...

Core Viewpoint - The domestic futures market for crude oil and related products experienced a decline on December 9, with significant drops in prices across various contracts, indicating a bearish trend in the market. Group 1: Price Movements - As of December 9, the main crude oil futures contract fell by 2.32% to 445.80 CNY per barrel [1] - The main fuel oil futures contract decreased by 2.67% to 2410.00 CNY per ton [1] - The low-sulfur fuel oil futures contract dropped by 2.09% to 3002.00 CNY per ton [1] - The liquefied petroleum gas (LPG) futures contract declined by 1.02% to 4261.00 CNY per ton [1] Group 2: Futures Price Data - The opening price for SC crude oil was 451.60 CNY, with a previous close of 457.60 CNY and a last settlement price of 456.40 CNY [2] - The fuel oil opened at 2470.00 CNY, with a previous close of 2508.00 CNY and a last settlement price of 2476.00 CNY [2] - The asphalt futures opened at 2940.00 CNY, with a previous close of 2959.00 CNY and a last settlement price of 2955.00 CNY [2] - The LPG opened at 4283.00 CNY, with a previous close of 4291.00 CNY and a last settlement price of 4305.00 CNY [2] - The low-sulfur fuel oil opened at 3035.00 CNY, with a previous close of 3089.00 CNY and a last settlement price of 3066.00 CNY [2] Group 3: Inventory Data - As of December 8, the inventory data showed that the futures warehouse receipts for asphalt remained unchanged at 1370 tons, while the warehouse receipts for asphalt decreased by 2000 tons to 2690 tons [3] - The futures warehouse receipts for fuel oil remained at 26090 tons [3] - The low-sulfur fuel oil warehouse receipts remained unchanged at 370 tons [3] - The medium-sulfur crude oil futures warehouse receipts were stable at 3,464,000 barrels [3] - The LPG futures warehouse receipts remained at 4194 lots [3] Group 4: Basis Data - The basis data indicated a phenomenon of "backwardation" for fuel oil, LPG, and low-sulfur fuel oil, where spot prices exceeded futures prices [3] - The basis for fuel oil was 2861 CNY with a basis rate of 53.60% [3] - The basis for asphalt was -11 CNY with a basis rate of -0.37% [3] - The basis for LPG was 298 CNY with a basis rate of 6.58% [3] - The basis for low-sulfur fuel oil was 26 CNY with a basis rate of 0.82% [3]

聚乙烯期货仓单11332手，环比上个交易日持平； 12月8日化工期货价格行情 | 合约名称 | 开盘价 | 昨收价 | 昨结价 | | --- | --- | --- | --- | | 橡胶 | 15085.00 | 15065.00 | 15070.00 | | 20号胶 | 12000.00 | 12045.00 | 12020.00 | | 合成橡胶 | 10360.00 | 10410.00 | 10445.00 | | PTA | 4666.00 | 4678.00 | 4700.00 | | 短纤 | 6218.00 | 6210.00 | 6244.00 | | PVC | 4417.00 | 4426.00 | 4453.00 | | 甲醇 | 2071.00 | 2077.00 | 2097.00 | | 乙二醇 | 3722.00 | 3723.00 | 3775.00 | | 对二甲苯 | 6804.00 | 6810.00 | 6864.00 | | 聚丙烯 | 6278.00 | 6287.00 | 6311.00 | | 苯乙烯 | 6600.00 | 6556.00 | 656 ...

12月3日，国内期市有色金属板块多数飘红，沪锡主力涨逾2%。截止目前，多晶硅主力上涨1.42%，报 57165.00元/吨；氧化铝主力下跌1.49%，报2637.00元/吨；沪铝主力上涨0.34%，报21930.00元/吨；沪锡 主力上涨2.02%，报311980.00元/吨。 备注：基差=现货价格-期货价格。 截止北京时间11月2日，据商品基差数据显示：锌、镍、工业硅、国际铜品种合约出现'期现倒挂'(现货 价格高于期货价格)现象。 | 商品名称 | 现货价格 | 合约 | 期货价格 | 基差 | 基差率 | | --- | --- | --- | --- | --- | --- | | 铜 | 88735 | 2601 | 89090 | -355 | -0.40% | | 锌 | 22720 | 2601 | 22705 | 15 | 0.07% | | 铝 | 21723.3 | 2601 | 21855 | -131 | -0.60% | | 铅 | 17156.2 | 2601 | 17180 | -23 | -0.13% | | 镍 | 120167 | 2601 | 117740 | 2427 ...

12月2日，国内期市化工板块有涨有跌，合成橡胶主力涨逾3%。截止目前，合成橡胶主力上涨3.45%， 报10630.00元/吨；乙二醇主力下跌0.54%，报3872.00元/吨；玻璃主力下跌0.77%，报1032.00元/吨；纸 浆主力上涨1.54%，报5272.00元/吨。 12月2日化工期货价格行情 20号胶期货仓单50702吨，环比上个交易日减少605吨； 纸浆仓库期货仓单202963吨，环比上个交易日减少805吨；纸浆厂库期货仓单6000吨，环比上个交易日 持平； | 合约名称 | 开盘价 | 昨收价 | 昨结价 | | --- | --- | --- | --- | | 橡胶 | 15250.00 | 15250.00 | 15240.00 | | 20号胶 | 12185.00 | 12170.00 | 12135.00 | | 合成橡胶 | 10330.00 | 10310.00 | 10275.00 | | PTA | 4750.00 | 4762.00 | 4736.00 | | 短纤 | 6284.00 | 6300.00 | 6276.00 | | PVC | 4566.00 | 4553 ...

Core Viewpoint - The domestic non-ferrous metal market experienced a decline in most sectors, with notable drops in polysilicon and industrial silicon prices, while zinc saw a slight increase [1][2]. Price Movements - As of December 2, the main contracts for various non-ferrous metals showed the following price changes: - Industrial silicon decreased by 1.14% to 9070.00 CNY/ton - Polysilicon fell by 2.92% to 56185.00 CNY/ton - Shanghai tin dropped by 1.16% to 304170.00 CNY/ton - Shanghai zinc increased by 0.80% to 22700.00 CNY/ton [1][2]. Futures Market Data - The opening, previous closing, and settlement prices for key contracts on December 2 are as follows: - Aluminum oxide: Opened at 2687.00, previous close 2677.00, settlement 2682.00 - Lithium carbonate: Opened at 96840.00, previous close 96940.00, settlement 97260.00 - Copper: Opened at 89410.00, previous close 89280.00, settlement 88830.00 - International copper: Opened at 80070.00, previous close 79990.00, settlement 79500.00 - Shanghai aluminum: Opened at 21870.00, previous close 21865.00, settlement 21780.00 - Lead: Opened at 17145.00, previous close 17075.00, settlement 17085.00 - Nickel: Opened at 117800.00, previous close 117850.00, settlement 117480.00 - Zinc: Opened at 22650.00, previous close 22590.00, settlement 22520.00 - Industrial silicon: Opened at 9120.00, previous close 9145.00, settlement 9175.00 - Polysilicon: Opened at 56505.00, previous close 57705.00, settlement 57875.00 - Shanghai tin: Opened at 305000.00, previous close 306580.00, settlement 307730.00 [2]. Warehouse Data - As of December 1, the warehouse receipts for various metals showed the following changes: - International copper futures receipts remained stable at 5502 tons - Copper futures receipts decreased by 3749 tons to 31495 tons - Zinc futures receipts decreased by 1839 tons to 65778 tons - Lead futures receipts decreased by 6241 tons to 20019 tons - Tin futures receipts increased by 27 tons to 6290 tons - Aluminum futures receipts decreased by 102 tons to 66833 tons - Nickel futures receipts decreased by 587 tons to 32722 tons - Lithium carbonate futures receipts increased by 2781 hands to 8222 hands - Polysilicon futures receipts increased by 10 hands to 1340 hands - Industrial silicon futures receipts remained stable at 6596 hands [3]. Basis and Spot Prices - The basis and spot prices for selected metals are as follows: - Copper: Spot price 89221.7, futures price 88830, basis 391, basis rate 0.44% - Zinc: Spot price 22542, futures price 22520, basis 22, basis rate 0.10% - Aluminum: Spot price 21740, futures price 21780, basis -40, basis rate -0.18% - Lead: Spot price 17081.2, futures price 17085, basis -3.8, basis rate -0.02% - Nickel: Spot price 120117, futures price 117480, basis 2637, basis rate 2.20% - Tin: Spot price 309050, futures price 307730, basis 1320, basis rate 0.43% - Industrial silicon: Spot price 9750, futures price 9175, basis 575, basis rate 5.90% - Lithium carbonate: Spot price 94266.7, futures price 97260, basis -2993, basis rate -3.18% - Polysilicon: Spot price 52000, futures price 57875, basis -5875, basis rate -11.30% - International copper: Spot price 79967, futures price 79990, basis -23, basis rate -0.03% [4][5].

Core Insights - The domestic futures market for non-ferrous metals shows mixed performance, with polysilicon futures rising nearly 5% while other metals like alumina and lead experience declines [1] Price Movements - Polysilicon futures increased by 4.93% to 58,640.00 CNY/ton - Alumina futures decreased by 1.36% to 2,681.00 CNY/ton - Shanghai copper futures rose by 2.32% to 89,230.00 CNY/ton - International copper futures increased by 2.66% to 79,900.00 CNY/ton [1][2] Futures Market Data - The opening and closing prices for various contracts on December 1 include: - Alumina: Opened at 2,701.00 CNY, closed at 2,718.00 CNY - Lithium carbonate: Opened at 96,980.00 CNY, closed at 96,400.00 CNY - Shanghai copper: Opened at 87,630.00 CNY, closed at 87,210.00 CNY - International copper: Opened at 78,180.00 CNY, closed at 77,830.00 CNY - Polysilicon: Opened at 57,000.00 CNY, closed at 55,885.00 CNY [2] Warehouse Inventory Changes - As of November 28, warehouse receipts for various metals showed the following changes: - Aluminum: Increased by 26 tons to 66,935 tons - Copper: Decreased by 629 tons to 35,244 tons - Alumina: Increased by 1,130 tons to 258,413 tons - Nickel: Decreased by 239 tons to 33,309 tons - Zinc: Decreased by 1,501 tons to 67,617 tons - Tin: Increased by 44 tons to 6,263 tons - Lead: Decreased by 1,235 tons to 26,260 tons - Lithium carbonate: Decreased by 21,340 contracts to 5,441 contracts - Polysilicon: Decreased by 5,960 contracts to 1,330 contracts - Industrial silicon: Decreased by 32,959 contracts to 6,596 contracts [3] Basis and Basis Rate - The basis and basis rates for selected metals indicate the following: - Copper: Spot price at 87,403.3 CNY, futures price at 87,210 CNY, basis of 193 CNY, basis rate of 0.22% - Zinc: Spot price at 22,356 CNY, futures price at 22,355 CNY, basis of 1 CNY, basis rate of 0.00% - Aluminum: Spot price at 21,460 CNY, futures price at 21,510 CNY, basis of -50 CNY, basis rate of -0.23% [4][5]

Core Insights - The domestic precious metals market experienced a collective rise on December 1, with significant increases in gold, silver, platinum, and palladium prices [1][2]. Price Movements - The main contract for gold (沪金) reached 963.50 CNY per gram, marking a 1.35% increase - The main contract for silver (沪银) was reported at 13,310.00 CNY per kilogram, with a rise of 6.11% - Platinum (铂) main contract was priced at 454.00 CNY per kilogram, up by 4.51% - Palladium (钯) main contract stood at 383.20 CNY per kilogram, reflecting a 2.67% increase [1]. Futures Market Data - Opening and closing prices for December 1 were as follows: - Gold opened at 951.92 CNY and closed at 963.50 CNY - Silver opened at 12,720.00 CNY and closed at 13,310.00 CNY - Platinum opened at 447.70 CNY and closed at 454.00 CNY - Palladium opened at 380.75 CNY and closed at 383.20 CNY [2]. Warehouse Inventory Changes - As of November 28, silver futures warehouse receipts totaled 558,882 kilograms, an increase of 11,906 kilograms from the previous trading day - Gold futures warehouse receipts reached 90,873 kilograms, up by 450 kilograms from the previous trading day [3]. Basis Data - As of November 28, the following basis data was reported: - Gold: Spot price at 948.59 CNY, futures price at 950.62 CNY, basis at -2.03 CNY, basis rate at -0.21% - Silver: Spot price at 12,649.30 CNY, futures price at 12,543 CNY, basis at 106.00 CNY, basis rate at 0.84% - Platinum: Spot price at 432.36 CNY, futures price at 435.55 CNY, basis at -3.19 CNY, basis rate at -0.74% - Palladium: Spot price at 372.50 CNY, futures price at 371.55 CNY, basis at 0.95 CNY, basis rate at 0.26% [3].

Group 1 - The coal sector in the domestic futures market experienced significant gains on December 1, with coking coal futures rising over 2% [1] - As of the report, coking coal futures increased by 1.74%, reaching 1082.50 CNY/ton, while coke futures rose by 2.45%, reaching 1613.00 CNY/ton [1] Group 2 - On December 1, the coal futures price data showed the following: coking coal opened at 1066.00 CNY, closed at 1067.00 CNY, and the previous settlement price was 1064.00 CNY [2] - The coking coal and coke contracts exhibited a 'backwardation' phenomenon, where spot prices exceeded futures prices, with a basis of 494 CNY for coking coal and a basis rate of 31.69% [2] - The spot price for coking coal was reported at 1558.75 CNY, while the futures price was 1064 CNY, indicating a significant discrepancy [2]