据马来西亚独立检验机构AmSpec，马来西亚10月1-10日棕榈油出口量为495415吨，较上月同期出口的 415030吨增加19.37%。 （文章来源：新华财经） ...

农产品日报 | 2025-10-10 苹果稳中有涨，红枣震荡上行 苹果观点 市场要闻与重要数据 期货方面，昨日收盘苹果2601合约8633元/吨，较前一日变动+16元/吨，幅度+0.19%。现货方面，山东栖霞80# 一 二级晚富士价格3.80元/斤，较前一日变动+0.00元/斤，现货基差AP01-1033，较前一日变动-16；陕西洛川70# 以上 半商品晚富士价格4.80元/斤，较前一日变动+0.00元/斤，现货基差AP01+967，较前一日变动-16。 近期市场资讯，国庆期间西北、山东产区晚富士普遍处于摘袋后上色及红货少量上市阶段，受到连续阴雨影响， 西部产区上色较慢，山东产区部分前期未完成的摘袋工作被迫延迟，红货大量供应时间较去年推迟。山东产区集 中收购时间预计10月15日前后，西部订货客商不多，陕西产区还未进入集中订货期。目前晚熟富士多处于等待上 色阶段，少量红货上市交易，价格高于去年0.5-1.0元/斤不等，少数客商订购，零星交易不成规模，实际参考有限， 继续关注后续上量后价格表现。且需关注连续降雨天气对晚富士上色及质量影响。 市场分析 苹果期价昨日微幅走高，山东栖霞、陕西洛川现货价格持稳，客商拿货意 ...

软商品日报 光大期货软商品日报（2025 年 10 月 10 日） 一、研究观点 | 品种 | 点评 | 观点 | | --- | --- | --- | | 棉花 | 周四，ICE 美棉下跌 0.69%，报收 64.46 美分/磅，CF601 环比上涨 0.38%，报收 13295 | 上方承 | | | 元/吨，主力合约持仓环比上涨 15043 手至 55.05 万手，棉花 3128B 现货价格指数 | | | | 14500 元/吨，较前一日下降 45 元/吨。国际市场方面，近期市场关注重心仍更多 | | | | 在于宏观层面，美国政府依旧处于停摆状态中。美联储议息会议纪要显示，委员 | | | | 对后续降息路径仍有分歧，美元指数重新回到 99 以上，美棉价格低位窄幅震荡为 | | | | 主。国内市场方面，节后首日郑棉止跌，持仓环比增加。当前市场关注重心在于 | | | | 新棉，依据国家纤检中心，截止 10 月 8 日，本年度全国新棉累计公检量近 20 万吨， | 压 | | | 高于去年同期水平，上市进度稍有提前。未来 10 天，新疆北部气温偏低，仍有少 | | | | 量降雨，对籽棉收购进度仍 ...

近日，多部门重磅频发，我们一起关注下吧↓ 01 治理价格无序竞争 维护良好市场价格秩序 为深入贯彻落实党中央、国务院决策部署，依法依规治理企业无序竞争，近日，国家发展改革委、市场监管总局发布《关于治理价格无序竞争 维护良好 市场价格秩序的公告》（以下简称公告）。 公告提出，价格竞争是市场竞争的重要方式之一，但无序竞争会对行业发展、产品创新、质量安全等造成负面影响，不利于国民经济健康发展。国家支持 公平、公开、合法的市场竞争，维护正常的价格秩序。实行市场调节价的商品和服务，经营者应当按照价格法规定，遵循公平、合法和诚实信用的原则， 以生产经营成本和市场供求状况为基本依据，依法行使自主定价权，自觉维护市场价格秩序，共同营造公平竞争、有序竞争的市场环境。【相关报道：】 02 2027年买新能源车购置税减免有新要求 工业和信息化部、财政部、税务总局等三部门近日联合公告2026—2027年减免车辆购置税新能源汽车产品技术要求，明确纯电动乘用车、插电式（含增程 式）混合动力乘用车有关技术要求调整等情况。2026年1月1日起，列入《减免车辆购置税的新能源汽车车型目录》的车型，需符合本公告要求。2026年1 月1日（含）起， ...

中国发展网讯山东省沂源县价格监测数据显示，国庆、中秋假期期间全县的居民生活消费品市场价格保 持基本稳定。 以10月8日集贸市场监测到的价格数据为例： 粮油、副食品价格平稳。小麦1.28元/斤、玉米1.03元/斤、白糖5.00元/袋、小米5.00元/斤、大豆油6.00 元/斤、花生仁6.00元/斤、绿豆6.00元/斤、花生油10.00元/斤、食用盐2.00元/袋、豆腐3.00元/斤。 水果价格大幅上涨。苹果4.5元/斤、香蕉2.00元/斤、桔子2.8元/斤、梨2.5元/斤、西瓜2.00元/斤，与节前 相比，大幅上涨，平均上涨幅度在32.5%左右。 与去年同期相比，大部分居民生活消费品出现了价格波动，涨跌不一。粮食类价格(小麦、玉米)平均上 涨幅度在3.4%左右，粮面油平均下跌幅度在0.78%左右；副食品价格保持基本稳定；水产价格平均下跌 幅度在14.3%左右；猪肉类价格平均下跌21.2%左右；牛肉、羊肉平均上涨9.9%；鸡蛋下跌13%；蔬菜 价格同比2涨14跌1平，平均下跌幅度在24.5%左右，其中下跌幅度较大的品种主要有西红柿、卷心菜、 大葱，与去年同期相比，下跌幅度分别在45.5%、57.1%、52%左右； ...

蔬菜价格基本稳定。17种蔬菜3升13平1降。其中，大白菜1.99元，上涨55.47%；油菜5.58元，上涨 11.82%；土豆1.99元，上涨44.2%；黄瓜2.99元，下降25.06%；其余蔬菜价格均与节前一致。 水果价格稳中有涨。西瓜2.99元，上涨133.59%；桔子3.99元，上涨54.05%；雪梨2.99元，上涨50.25%； 其余水果价格均与节前一致。 旅游景点、餐饮服务、交通运输行业均按照政府定价和政府指导价进行收费，未发现价格异常情况。同 时反映，旅游消费市场供需两旺，秩序良好，价格稳定。(临朐县价格认证中心) 中国发展网讯双节期间，山东省临朐县价格认证中心扎实做好与群众生活、节日消费密切相关的粮油肉 蛋果蔬等重要商品和服务价格监测工作，认真开展市场监测巡查。从监测数据汇总及反馈情况看，节日 期间临朐县主要居民生活消费品供应充足、品种丰富、价格平稳。10月8日，重点监测的55种居民消费 品超市均价较节前(9月30日，下同)7升4降44平。 米面油价格基本稳定。重点监测的20种商品中，节日期间保持平稳。 肉蛋价格稳中有降。五花肉15.99元、鲜牛肉32.9元、鲜羊肉52.9元、白条鸡9.99元， ...

中国发展网讯10月9日山东省枣庄市发展改革委价格监测数据显示，国庆期间该市生活必需品市场供应 充足，粮油、水产品价格整体较稳定，肉类、蔬菜、水果价格涨跌互现、鸡蛋价格下降。 蔬菜、水果价格涨跌互现。监测的17种蔬菜较上周10降6升1平，均价3.10元，较上周同期价格下降 0.82%，较上月同期价格上涨5.63%。跌幅较大的品种有茄子2.75元、青辣椒4.20元，较上周同期分别下 降11.29%、12.58%；涨幅较大的品种有芹菜2.86元，较上周同期价格上涨39.32%。监测的5种水果较上 周2升2降1平，均价3.46元，较上月同期价格下降0.88%，较上周同期价格上涨2.26%。(枣庄市发展改革 委) 粮油价格基本稳定。面粉价格为2.44元/500克(下同)、粳米3.09元，较上周同期价格持平，较上月同期价 格分别上涨4.28%、4.11%；鲁花花生油(5升桶装)156.58元，较上周价格持平，较上月同期价格下降 0.32%。 肉价涨跌互现、蛋价格下降，水产品价格稳定。猪肉精瘦肉14.28元、五花肉13.77元，较上周同期价格 分别上涨1.24%、1.91%；后腿肉11.42元、排骨27.90元，较上周同期 ...

表1：标的期货市场概况 | 期权品种 | 标的合约 | 最新价 | 涨跌 | 涨跌幅 | 成交量 | 量变化 | 持仓量 | 仓变化 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | （%） | (万手) | | (万手) | | | 豆一 | A2511 | 3,960 | 0 | 0.00 | 10.55 | 1.73 | 13.76 | 0.10 | | 豆二 | B2511 | 3,637 | 4 | 0.11 | 10.21 | 2.57 | 8.70 | -0.15 | | 豆粕 | M2511 | 2,903 | -6 | -0.21 | 9.03 | 2.94 | 35.21 | -4.75 | | 菜籽粕 | RM2601 | 2,418 | -11 | -0.45 | 20.63 | -1.13 | 35.62 | 0.33 | | 棕榈油 | P2511 | 9,436 | 20 | 0.21 | 0.80 | 0.27 | 1.35 | -0.21 | | 豆油 | Y2511 | 8,370 | 8 ...

交易咨询业务资格：证监许可【2012】1091号 豆粕早报 2025-10-10 大越期货投资咨询部：王明伟 从业资格证号：F0283029 投资咨询资格证号：Z0010442 联系方式：0575-85226759 重要提示：本报告非期货交易咨询业务项下服务，其中的观点和信息仅作参考之用，不构成对任何人的投资建议。 我司不会因为关注、收到或阅读本报告内容而视相关人员为客户；市场有风险，投资需谨慎。 CONTENTS 目 录 1 每日提示 2 近期要闻 ✸大豆观点和策略 豆一A2511：3900至4000区间震荡 1.基本面：美豆震荡收跌，油脂回落带动和技术性震荡整理，美豆千点关口上方震荡等待中 美关税谈判后续和美国大豆产区收割天气进一步指引。国内大豆震荡回升，对比进口大 豆性价比优势支撑价格，但进口大豆到港仍旧偏高和新季国产大豆增产预期压制盘面， 短期受中美关税谈判后续和进口大豆到港旺季交互影响。中性。 2.基差：现货4140，基差165，升水期货。偏多 3.库存:油厂大豆库存73.2万吨，上周731.7万吨，环比增加0.21%，去年同期689.39万吨， 同比增加6.35%。偏空 4.盘面：价格在20日均线 ...

Report Industry Investment Ratings - **偏空**: 沪锌、棕榈油、白糖、沪锡、沪金、沪铜、聚丙烯、热轧卷板、鸡蛋、锰硅、铁矿石、菜油、塑料、螺纹钢、豆二、焦煤、焦炭、沥青、PTA、玻璃、沪银、玉米淀粉 [6] - **震荡**: 沪铅、PVC、豆油、甲醇、橡胶、玉米、沖铝 [6] - **偏多**: 郑棉、菜粕、豆粕、橡胶 [6] Core Views of the Report - **Macro**: The cease - fire agreement in Gaza has been reached, China has implemented export controls on related items, and policies such as the adjustment of new energy vehicle purchase tax exemption requirements and the governance of price disorder have been introduced. The US government shutdown issue remains unresolved, and the Fed has different views on interest rate cuts [8][9][10] - **Macro Finance**: For stock index futures, consider buying on dips and focus on IH; for treasury bond futures, adopt an oscillatory approach and focus on the odds of short - term bonds [12][13] - **Black Metals**: Black metals are expected to maintain an oscillatory mid - term trend. Steel may experience an oscillatory or under - performing peak season. Double - coking prices may continue to oscillate weakly in the short term, and ferroalloys should be shorted on rallies in the medium - to - long term [16][17][18] - **Soda Ash and Glass**: Adopt a short - on - rallies approach for soda ash and a wait - and - see approach for glass [21] - **Non - ferrous Metals and New Materials**: For aluminum, adopt a wait - and - see approach; for alumina, consider shorting on rallies. Lithium carbonate is expected to oscillate, and industrial silicon and polysilicon will continue to oscillate within a range [23][24][25] - **Agricultural Products**: For cotton, short on rallies; for sugar, short on rallies in the medium - term and wait - and - see in the short - term. For eggs, short near - month contracts on rallies and adopt an oscillatory approach for far - month contracts. Go long on apples on dips, stay on the sidelines for corn, wait - and - see for red dates, and short near - month hog contracts on rallies [28][29][31] - **Energy and Chemicals**: Hold existing short positions in crude oil. Fuel oil, asphalt, and polyester chains are expected to follow the cost trend and be weak. For plastics, methanol, and caustic soda, adopt a weak - oscillatory approach. For liquefied petroleum gas, maintain a short - term bullish view and a long - term bearish view [37][38][44] Summaries Based on Related Catalogs Macro Information - **International**: A cease - fire agreement in Gaza has been reached. The US is selecting a new Fed chairman, and the US government shutdown bill has not passed. The Fed has different views on interest rate cuts, and spot silver prices have reached a high [8][9][10] - **Domestic**: China has implemented export controls on related items, adjusted new energy vehicle purchase tax exemption requirements, and issued a notice on governing price disorder. Some A - share stocks' margin trading conversion ratios have been adjusted to zero, and the property market during the holiday was generally flat [8][9] Macro Finance Stock Index Futures - **Strategy**: Consider buying on dips and focus on IH. The A - share market was high on the first trading day after the holiday, with sector differentiation. Some stocks' margin trading conversion ratios were adjusted to zero [12] Treasury Bond Futures - **Strategy**: Adopt an oscillatory approach and focus on the odds of short - term bonds. The capital market was balanced and loose, and the bond market was affected by multiple factors and is expected to oscillate [13][14] Black Metals - **Policy**: After the Politburo meeting in late July, the "anti - involution" policy cooled down. Pay attention to relevant meetings in October [16] - **Market Rhythm**: The peak season is approaching, but the real demand improvement for steel is limited. The market may oscillate or have an under - performing peak season [16] - **Supply and Demand**: Real estate demand is weak, while coil demand is okay. Steel mills' profits are low, and raw material costs are oscillating [16] - **Trend**: Black metals are expected to oscillate in the medium term. Steel spot prices vary in different regions, and iron ore trading volume has increased [17] - **Coal and Coke**: Double - coking prices may continue to oscillate weakly in the short term, and pay attention to the demand for finished products in the "Golden September and Silver October" [17] - **Ferroalloys**: Short on rallies in the medium - to - long term. The spread between silicon iron and manganese silicon is not currently worth participating in [18] Soda Ash and Glass - **Soda Ash**: Adopt a short - on - rallies approach. Inventory has increased, production is high, and the supply - demand contradiction is difficult to resolve [21] - **Glass**: Adopt a wait - and - see approach. Inventory has increased, and the market is affected by the macro environment and demand [21] Non - ferrous Metals and New Materials Aluminum and Alumina - **Aluminum**: Adopt a wait - and - see approach. Aluminum prices are high, demand is average, and prices are expected to oscillate at a high level [23] - **Alumina**: Consider shorting on rallies. Supply is high, inventory is increasing, and prices are expected to oscillate weakly at the bottom [23] Lithium Carbonate - **Trend**: Oscillate. Supply is approaching its peak, and demand is in the peak season, resulting in a de - stocking state [24] Industrial Silicon and Polysilicon - **Industrial Silicon**: Oscillate within a range. Consider going long on far - month contracts at the lower range limit [25] - **Polysilicon**: Oscillate within a range. The industry is affected by policies and terminal feedback [25][26] Agricultural Products Cotton - **Strategy**: Short on rallies. Supply is increasing, demand is uncertain, and the market is expected to be under pressure [28][29] Sugar - **Strategy**: Short on rallies in the medium - term and wait - and - see in the short - term. Global sugar supply is expected to be in surplus, and domestic production may be affected by weather [29][30] Eggs - **Strategy**: Short near - month contracts on rallies and adopt an oscillatory approach for far - month contracts. Supply is high, demand is weak, and the market is in a surplus state [31] Apples - **Strategy**: Go long on dips. The opening price of new - season apples is expected to be high, and pay attention to the impact of weather on quality [33] Corn - **Strategy**: Stay on the sidelines and sell out - of - the - money call options on the 01 contract. New - season supply is increasing, and prices are under pressure [34] Red Dates - **Strategy**: Wait - and - see. The market price is stable, and the opening price is expected to be high [35] Hogs - **Strategy**: Short near - month contracts on rallies. The market is in a state of high supply and low demand after the holidays [35] Energy and Chemicals Crude Oil - **Trend**: Prices are expected to decline. OPEC+ is increasing production, demand is weakening, and existing short positions can be held [37] Fuel Oil - **Trend**: Follow the oil price trend. Supply is loose, demand is weak, and it is affected by geopolitical and supply - demand factors [38] Plastics - **Trend**: Weakly oscillate. Supply pressure is high, and demand is weak [38] Rubber - **Trend**: Oscillate. The raw material price has support and pressure, and it is affected by multiple factors [39] Methanol - **Trend**: Weakly oscillate. Port inventory is high, and the supply - demand pattern is weak [39][40] Caustic Soda - **Trend**: Bearish. The supply - demand pattern is oversupplied [40] Asphalt - **Trend**: Follow the oil price trend. The spot price has declined, and the demand peak season is critical [41] Polyester Industry Chain - **Trend**: Follow the cost and be weak. Supply pressure is high, and the supply - demand pattern is loose [42][43] Liquefied Petroleum Gas - **Trend**: Bearish in the long - term. Supply is abundant, and demand may weaken [44]