| 股指期货价差日报 | 投资咨询业务资格:证监许可【2011】1292号 | Z0016628 | 叶倩宁 | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2026年1月7日 | 品种 | 历史1年分位数 | 全历史分位数 | 价差 | 展新值 | 较前一日变化 | | | | | | | | | | | -12.69 | 8.05 | 62.70% | 33.70% | 上期间处差 | H期现价去 | 3.04 | 3.98 | 83.60% | 74.30% | 期现价差 | | | | | | | IC期现价差 | 43.70% | 27.46 | 76.20% | -27.74 | -102.50 | 44.20 | 55.00% | IM期现价差 | 16.40% | 次月-当月 | -10.60 | 0.80 | 60.6096 | 37.90% | | | 零月-当月 | -17.40 | - ...

光期研究 光期黑色：铁矿石基差及价差监测日报 2026 年 1 月 7 日 1 光大证券 2020 年 半 年 度 业 绩 E V E R B R I G H T S E C U R I T I E S 1.1 合约价差 | 期货合约 | 今日收盘价 | 上日收盘价 | 变化 | 合约价差 | 今日价差 | 上日价差 | 变化 | | --- | --- | --- | --- | --- | --- | --- | --- | | I05 | 801.0 | 797.0 | 4.0 | I05-I09 | 21.0 | 22.0 | -1.0 | | I09 | 780.0 | 775.0 | 5.0 | I09-I01 | -46.0 | -39.5 | -6.5 | | I01 | 826.0 | 814.5 | 11.5 | I01-I05 | 25.0 | 17.5 | 7.5 | 图表1：05-09合约价差（单位：元/吨） 图表2：01-05合约价差（单位：元/吨） p 2 -100 -50 0 50 100 150 05 06 07 08 09 10 11 12 01 2101-2105 220 ...

知识图强,求实奉献,客户至上,合作共赢 | 股指期货价差日报 | 投资咨询业务资格:证监许可【2011】1292号 | Z0016628 | 叶倩宁 | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2026年1月7日 | 品种 | 历史1年分位数 | 全历史分位数 | 价差 | 展新值 | 较前一日变化 | | | | | | | | | | | -12.69 | 8.05 | 62.70% | 33.70% | 上期间处差 | H期现价去 | 3.04 | 3.98 | 83.60% | 74.30% | 期现价差 | | | | | | | IC期现价差 | 43.70% | 27.46 | 76.20% | -27.74 | -102.50 | 44.20 | 55.00% | IM期现价差 | 16.40% | 次月-当月 | -10.60 | 0.80 | 60.6096 | 37.90% | | ...

知识图强,求实奉献,客户至上,合作共赢 | 集运产业期现日报 | | | | | | | --- | --- | --- | --- | --- | --- | | 投资咨询业务资格:证监许可 【2011】1292号 2026年1月5日 | | | | 叶倩宁 | Z0016628 | | 集运指数 | | | | | | | 结算价指数 | 12月29日 | 12月22日 | 涨跌 | 涨跌幅 | 单位 | | SCFIS (欧洲航线) | 1742.64 | 1589.20 | 153.4 | 9.66% | 点 | | SCFIS (美西航线) | 1301.41 | 952.10 | 349.3 | 36.69% | | | 上海出口集装箱运价 | 12月19日 | 12月12日 | 涨跌 | 涨跌幅 | 单位 | | SCFI综合指数 | 1552.92 | 1506.46 | 46.5 | 3.08% | 点 | | SCFI (欧洲) | 1533 | 1538 | -5.0 | -0.33% | 美元/TEU | | SCFI (美西) | 1992 | 1780 | 212.0 | 11.9 ...

知识图强,求实奉献,客户至上,合作共赢 见解及分析方法，并不代表广发期货或其附属机构的立场。在任何情况下，报告内容仅供参考，报告中的信息或所表达的意见并不构成所述品种买卖的出价或淘 价，投资者据此投资，风险自担。本报告旨在发送给广发期货制定客户及其他专业人士，版权归广发期货所有，未经广发期货书面授权，任何人不得对本报告进行 任何形式的发布、复制。如引用、刊发，需注明出处为"广发期货"。 广发期货有限公司提醒广大投资者：期市有风险 入市需谨慎！ | 股指期货价差日报 | 投资咨询业务资格:证监许可【2011】1292号 | Z0016628 | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 叶倩宁 | SOSEEIBSE | 最新值 | 全历史分位数 | 品种 | 历史1年分位数 | 价差 | 较前一日变化 | | | | | | | | | | 13.30% | F期现价差 | -30.14 | -1.06 ...

| 股指期货价差日报 | 投资咨询业务资格:证监许可【2011】1292号 | Z0016628 | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 叶倩宁 | 2025年12月30日 | 最新值 | 全历史分位数 | 品种 | 历史1年分位数 | 价差 | 较前一日变化 | | | | | | | | | | -10.33 | F期现价差 | -29.17 | 30.70% | 14 10% | H期现价差 | 3.37 | -2.63 | 84.40% | 76.10% | 期现价差 | | | | | | | IC期现价差 | -94.01 | -23.18 | 27.00% | 4.20% | IM期现价差 | 7.80% | -155.16 | 27.25 | 30.00% | 次月-当月 | -10.00 | 5.00 | 60.6096 | 38.60% | | | 零月-当月 | -20.60 ...

| 股指期货价差日报 | 投资咨询业务资格:证监许可【2011】1292号 | 叶倩宁 | Z0016628 | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025年12月29日 | 历史1年分位数 | 品种 | 最新值 | 较前一日变化 | 全历史分位数 | DIE | | | | | | | | | | | F期现价差 | -18.84 | 13.10 | 49.10% | 25.00%6 | 6.00 | H期现价差 | 4.84 | 94.60% | 87.10% | 期现价差 | IC期现价差 | 36.40% | | | | | -70.84 | 19,27 | 9.10% | IM期现价差 | -133.13 | 18.40 | 30.00% | 10.90% | 次月-当月 | -15.00 | -1.60 | 35.60% | 29.20% | | | | | 李月-崇月 | -18.60 ...

1. Report Industry Investment Rating - No information about the industry investment rating is provided in the reports. 2. Core Views - **Precious Metals**: At the end of the year, driven by multiple factors, some investors choose to "pre - emptively" allocate precious metals, with ETF holdings and derivatives positions increasing. In the short - term, without clear negative factors, the market will maintain a strong - side shock. For silver, as the COMEX silver approaches the last trading day, the physical delivery demand decreases, and the increase in domestic inventory may ease the bullish sentiment. During the sharp rise of silver, attention should be paid to the number of open contracts, warehouse receipts, and regulatory measures to prevent the risk of speculative long - positions taking profits at high levels. For platinum and palladium, in the medium - to - long - term, they are expected to continue to rise in a volatile manner due to strong fundamentals and undervalued prices compared to gold. However, in the short - term, there may be significant pullbacks due to low liquidity in the domestic market and regulatory measures [3]. - **Container Shipping**: The settlement price indices of SCFIS for European and US - West routes, and the SCFI comprehensive index and sub - indices for different routes show certain fluctuations. The futures prices of related contracts also change. Fundamentals such as port on - time rates, port calls, export balances, and overseas economic indicators also have corresponding changes, which jointly affect the container shipping market [5]. 3. Summaries by Related Catalogs **Futures Index Price Difference Daily Report** - **Futures - Spot Price Difference**: For example, the IC futures - spot price difference is - 111.64, the IM futures - spot price difference is - 178.78, etc. Each index has different price differences and percentile changes compared to the previous day and historical levels [1]. - **Inter - period Price Difference**: There are various inter - period price differences such as next - month minus current - month, zero - month minus current - month, etc., with different values and percentile changes for different indices [1]. - **Cross - variety Ratio**: Ratios like IC/IF, IC/IH, etc. are provided, along with their latest values, changes from the previous day, and historical percentile positions [1]. **Treasury Bond Futures Price Difference Daily Report** - **Basis**: The TS basis is 1.6874, the TF basis is 1.6734, etc., with corresponding changes and historical percentile positions [2]. - **Inter - period Price Difference**: For different contracts like TF, T, TL, there are inter - period price differences such as current - season minus next - season, with their values, changes, and historical percentile positions [2]. - **Cross - variety Price Difference**: Cross - variety price differences such as TS - TF, TS - T, etc. are presented, along with their values, changes, and historical percentile positions [2]. **Precious Metals Futures - Spot Daily Report** - **Domestic Futures Closing Price**: The AU2602 contract closed at 1014.68 yuan/gram on December 24, with a 0.04% increase; the AG2602 contract closed at 17609 yuan/kilogram, with a 7.10% increase, etc. [3]. - **Foreign Futures Closing Price**: The COMEX gold main contract closed at 4505.40 on December 24, with a - 0.21% decrease; the COMEX silver main contract closed at 71.88 dollars/ounce, with a 0.37% increase, etc. [3]. - **Spot Price**: London gold was at 4479.39 on December 24, with a - 0.12% decrease; Shanghai Gold Exchange silver T + D was at 17714 yuan/kilogram, with a 7.88% increase, etc. [3]. - **Basis**: The gold TD - Shanghai gold main contract basis is - 7.46, with a 0.33 increase and a 1.20% historical one - year percentile; the silver TD - Shanghai silver main contract basis is 105, with a 126 increase and a 99.50% historical one - year percentile, etc. [3]. - **Price Ratio**: The CONEX gold/silver ratio is 62.68, with a - 0.58% decrease; the Shanghai Futures Exchange gold/silver ratio is 57.62, with a - 6.59% decrease, etc. [3]. - **Interest Rates and Exchange Rates**: The 10 - year US Treasury yield is 4.15, with a - 0.7% decrease; the US dollar index is 97.95, with a 0.05% increase, etc. [3]. - **Inventory and Positions**: The Shanghai Futures Exchange gold inventory is 93711, with no change; the COMEX silver inventory is 451352686, with a 0.10% increase, etc. [3]. **Container Shipping Industry Futures - Spot Daily Report** - **Container Shipping Index**: The SCFIS (European route) settlement price index on December 22 is 1589.20 points, with a 5.21% increase compared to December 15; the SCFI comprehensive index on December 19 is 1506.46 points, with a 7.79% increase compared to December 12 [5]. - **Futures Price and Basis**: The EC2602 (main contract) futures price on December 24 is 1795.8 points, with a - 0.60% decrease compared to December 23; the main - contract basis is - 206.6, with a - 4.97% change [5]. - **Fundamental Data**: The global container shipping capacity supply on December 24 is 3364.19 million TEU, with no change; the port on - time rate in Shanghai in November is 40.00, with an 18.50% decrease compared to October; the euro - zone composite PMI in December is 51.90 points, with a - 1.70% decrease compared to November [5].

知识图强,求实奉献,客户至上,合作共赢 | 股指期货价差日报 | 投资咨询业务资格:证监许可【2011】1292号 | Z0016628 | 叶倩宁 | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025年12月16日 | 品种 | 价差 | 展新值 | 较前一日变化 | 历史1年分位数 | 全历史分位数 | | | | | | | | | | | F期现价差 | -6.46 | 46.60% | 0.49 | 70.40% | H期现价去 | -3.27 | 4.58 | 45.00% | 40.30% | 期现价差 | | | | | | | IC期现价差 | 1.84 | -2.37 | 97.10% | 86,909 | IM期现价差 | -1.08 | -1.75 | 95.00% | 82.70% | 次月-当月 | -17.80 | 0.60 | 24.50% | 25.50% | | | 零 ...

| 股指期货价差日报 | 投资咨询业务资格:证监许可【2011】1292号 | 叶倩宁 | Z0016628 | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025年12月15日 | 品种 | 爰新值 | 历史1年分位数 | 全历史分位数 | 价差 | 较前一日变化 | | | | | | | | | | | F期现价差 | -6.95 | 5.63 | 68.80% | 45.20% | -7.84 | 29 90% | 26.60% | H期配分去 | -0.61 | 期现价差 | | | | | | | IC期现价差 | 4.21 | 12.70 | 98.70% | 90.20% | IM期现价差 | 72.40% | -9.14 | 29.45 | 90.00% | 次月-当月 | -18.40 | 22.50% | 24.90% | -1.60 | | | 29.00% | 零月-当月 | -4 ...