| 油脂产业期现日报 | | | | | --- | --- | --- | --- | | 投资咨询业务资格:证监许可 [2011] 1292号 王浅辉 Z0019938 2025年6月19日 | | | | | 原田 | | | | | 6月18日 涨跌 | | 6月17日 | 涨跌幅 | | 8350 30 现价 江苏一级 | | 8320 | 0.36% | | 期价 Y2509 7680 ୧୧ | | 7614 | 0.87% | | 基差 Y2509 670 -36 | | 706 | -5.10% | | 现货墓差报价 江苏6月 09+250 -10 | | 09+260 | - | | 仓单 17552 0 | | 17552 | 0.00% | | 棕櫚油 | | | | | 6月18日 涨跌 | | 6月17日 | 涨跌幅 | | 现价 广东24度 8800 -10 | | 8810 | -0.11% | | 期价 P2509 8350 ୧୧ | | 8284 | 0.80% | | 其差 P2509 450 -76 | | 526 | -14.45% | | 现货墓差报价 09+320 ...

| 油脂产业期现日报 | | | | | --- | --- | --- | --- | | 投资咨询业务资格:证监许可 [2011] 1292号 王浅辉 Z0019938 2025年6月19日 | | | | | 原田 | | | | | 6月18日 涨跌 | | 6月17日 | 涨跌幅 | | 8350 30 现价 江苏一级 | | 8320 | 0.36% | | 期价 Y2509 7680 ୧୧ | | 7614 | 0.87% | | 基差 Y2509 670 -36 | | 706 | -5.10% | | 现货墓差报价 江苏6月 09+250 -10 | | 09+260 | - | | 仓单 17552 0 | | 17552 | 0.00% | | 棕櫚油 | | | | | 6月18日 涨跌 | | 6月17日 | 涨跌幅 | | 现价 广东24度 8800 -10 | | 8810 | -0.11% | | 期价 P2509 8350 ୧୧ | | 8284 | 0.80% | | 其差 P2509 450 -76 | | 526 | -14.45% | | 现货墓差报价 09+320 ...

| | 油脂产业期现日报 | | | | 一 | | | --- | --- | --- | --- | --- | --- | --- | | 2025年6月18日 | 投资咨询业务资格:证监许可 【2011】1292号 | | | | 王泽辉 | Z0019938 | | 甲海 | | | | | | | | | | | 6月17日 | 6月16日 | 张庆 | 涨跌幅 | | 现价 | | 江苏一级 | 8320 | 8300 | 20 | 0.24% | | 期价 | | Y2509 | 7614 | 7576 | 38 | 0.50% | | 墓差 | | Y2509 | 706 | 724 | -18 | -2.49% | | 现货墓差报价 | | 江苏6月 | 09+260 | 09+270 | -10 | - | | 仓单 | | | 17552 | 17552 | 0 | 0.00% | | 棕櫚油 | | | | | | | | | | | 6月17日 | 6月16日 | 张跃 | 涨跌幅 | | 现价 | | 广东24度 | 8810 | 8790 | 20 | 0.23% | | 期价 ...

行业 鸡蛋 021-60635727 wanghaifeng@ccb.ccbfutures.c om期货从业资格号：F0230741 日期 2025 年 6 月 16 日 021-60635732 yulanlan@ccb.ccbfutures.com 期货从业资格号：F0301101 021-60635740 linzhenlei@ccb.ccbfutures.co m期货从业资格号：F3055047 | 表1：行情回顾 | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 合约 | 前结算价 | 开盘价 | 最高价 | 最低价 | 收盘价 | 涨跌 | 涨跌幅 | 成交量 | 持仓量 | 持仓量变化 | | 鸡蛋 | 2507 | 2799 | 2800 | 2845 | 2796 | 2844 | 45 | 1.61% | 95159 | 74565 | -17690 | | 鸡蛋 | 2508 | 3481 | 3497 | 3564 | 3497 | ...

油脂产业期现日报 投资咨询业务资格：证监许可 【2011】1292号 2025年6月13日 干泽辉 Z0019938 | | | | 现价 | 江苏一级 | 8050 | 8080 | -30 | -0.37% | | --- | --- | --- | --- | --- | --- | | 期价 | Y2509 | 7394 | 7390 | 4 | 0.05% | | 某差 | Y2509 | 656 | 690 | -34 | -4.93% | | 现货墓差报价 | 江苏6月 | 09+270 | 09+270 | 0 | | | 合单 | | 17552 | 17652 | -100 | -0.57% | 棕榈油 | | | 6月12日 | 6月11日 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 现价 | 广东24度 | 8350 | 8450 | -100 | -1.18% | | 期价 | P2509 | 7904 | 7898 | 6 | 0.08% | | 某差 | P2509 | 446 | 552 | -106 | -19.2 ...

行业 鸡蛋 日期 2025 年 6 月 13 日 021-60635732 yulanlan@ccb.ccbfutures.com 期货从业资格号：F0301101 021-60635740 linzhenlei@ccb.ccbfutures.co m期货从业资格号：F3055047 021-60635727 wanghaifeng@ccb.ccbfutures.c om期货从业资格号：F0230741 021-60635572 hongchenliang@ccb.ccbfutures .com 021-60635570 liuyouran@ccb.ccbfutures.com 期货从业资格号：F03094925 农产品研究团队 研究员：余兰兰 研究员：林贞磊 研究员：王海峰 研究员：洪辰亮 期货从业资格号：F3076808 研究员：刘悠然 请阅读正文后的声明 ＃summary＃ 上周现货价格继续弱稳的状态，端午后其实走货情况相对前期有一定好转， 但一方面小码蛋上量仍然较多，另一方面梅雨季即将来临，各方拿货仍显谨慎， 从现货市场来看，未来一段时间预期仍是弱稳。根据 2025 年气象预测和传统历法 推算，今年预 ...

宏观 股指 市场分析：当日沪深两市成交额 1.45 万亿元，较前日放量 10.57%。银行、创新药等防御性 板块领涨，而半导体、航天航空等高波动板块承压。上证 50 主力合约 IH2506 持仓量环比下 降 2.82%，短期多空分歧加剧。中证 1000 收盘价接近压力位 6226 左右，若突破需成交量配 合；沪深 300 收盘价接近支撑位 3514 左右，短期反弹动能不足。 参考观点：中证 1000 波动率较高，建议关注 6227 附近压力位突破情况；上证 50 建议结合 持仓量变化判断趋势持续性；沪深 300 波动率处于低位，但成交额占比稳定，可作为中长期 配置参考；中证 1000 与沪深 300 的波动率比值（1.56）接近 2024 年均值（1.62），可关注 均值回归机会。 原油 宏观与地缘：上周五美国非农数据超预期，削弱美联储降息紧迫性，同时中美第二轮谈判， 市场对经贸缓和有一定预期，原油价格或偏强震荡，关注 WTI 主力 65 美元/桶关键位置。 市场分析：基本面看，OPEC 大幅调降未来两年全球需求增速，美国贸易战升级，特朗普政 府政策多变，引发市场对全球需求担忧。库存方面，美原油库存虽然下滑， ...

Report Overview - Industry: Eggs [1] - Date: June 10, 2025 [2] - Researchers: Yu Lanlan, Lin Zhenlei, Wang Haifeng, Hong Chenliang, Liu Youran [4] 1. Investment Rating - No investment rating is provided in the report. 2. Core View - The spot price of eggs is expected to remain weak in the short - to - medium term. Futures should be treated bearishly or sell out - of - the - money call options. Monitor the situation of culled hens. If the spot price stabilizes in mid - to - late June, short positions should exit; if the spot price continues to decline during the rainy season in June, short positions can be held cautiously [8]. 3. Summary by Section 3.1 Market Review and Operation Suggestions - **Market Review**: For egg contracts 2507, 2508, and 2509, prices decreased, with declines of 1.18%, 1.35%, and 1.08% respectively. The trading volume of 2507 was 139,636, 2508 was 129,143, and 2509 was 58,582. The change in open interest of 2507 was - 5,506, 2508 was 7,737, and 2509 was 6,453 [7]. - **Spot Price**: The average price in the main producing areas was 2.77 yuan/jin, down 0.02 yuan/jin from the previous day; in the main selling areas, it was 2.99 yuan/jin, down 0.04 yuan/jin [8]. - **Operation Suggestions**: Given the expected long and rainy plum - rain season, futures are bearish in the short - to - medium term. Watch the culling of hens. If the spot price stabilizes in mid - to - late June, short positions should exit; if it continues to fall during the plum - rain season, short positions can be held [8]. 3.2 Industry News - **In - production Laying Hens**: As of the end of May, the monthly存栏量 was about 1.334 billion, a 0.4% month - on - month increase and a 7.2% year - on - year increase [9]. - **Chick Hatchlings**: In April, the monthly hatchling volume of sample enterprises was about 46.99 million, an increase from March and the same period in 2024 [9]. - **Culled Hens**: The culling volume increased in May, with an average culling age of 521 days as of May 29, 11 days earlier than the previous week and 15 days earlier than the previous month [9]. 3.3 Data Overview - The report presents data on the monthly存栏量 of laying hens, egg - farming profits, the average price in the main producing areas, the seasonal trend of the 06 contract, the basis of the 06 contract, and the 08 - 09 spread [10][16][20]

Group 1: General Information - Reported industry: Eggs [1] - Report date: June 9, 2025 [2] - Research team: Agricultural products research team, including researchers Yu Lanlan, Lin Zhenlei, Wang Haifeng, Hong Chenliang, and Liu Youran [4] Group 2: Market Review and Operation Suggestions Market Review | Contract | Previous Settlement Price | Opening Price | High Price | Low Price | Closing Price | Change | Change Rate | Volume | Open Interest | Open Interest Change | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Egg 2507 | 2877 | 2875 | 2895 | 2856 | 2859 | -18 | -0.63% | 148312 | 124880 | 7559 | | Egg 2508 | 3571 | 3577 | 3587 | 3546 | 3553 | -18 | -0.50% | 75025 | 187355 | 5832 | | Egg 2509 | 3721 | 3721 | 3728 | 3706 | 3709 | -12 | -0.32% | 22391 | 104612 | 3437 | [7] Core View The national egg price is weak today. The average price in the main production areas is 2.79 yuan/jin, down 0.08 yuan/jin from yesterday; the average price in the main sales areas is 3.03 yuan/jin, down 0.02 yuan/jin from yesterday. The 08 contract fell 0.50%. The spot price has remained weak and stable this week. After the Dragon Boat Festival, the sales situation has improved to some extent compared with the previous period, but on the one hand, the supply of small-sized eggs is still large, and on the other hand, the plum rain season is approaching, so all parties are still cautious in purchasing. From the perspective of the spot market, it is expected to remain weak and stable for some time. According to the 2025 weather forecast and traditional calendar calculations, it is expected to enter the plum rain season on June 6 and last until July 13 or 18, with a relatively long duration and more precipitation. Under this expectation, it is difficult for the spot price to rebound in the short term, and the medium- and short-term futures should be treated bearishly or sell out-of-the-money call options. Continuously monitor the situation of culled hens in the future. The culling of hens has accelerated significantly in the past two weeks, but more continuous over-culling is needed to reduce the increase in supply. If the spot price remains stable in mid-to-late June, short sellers should leave the market in time and not be greedy. Under the bearish fundamental situation, there is a possibility of slow decline and sharp rise. If the spot price continues to bottom out during the plum rain season in June, the previous short positions can be held cautiously [8] Group 3: Industry News - The inventory of laying hens in production is on the rise. As of the end of May, the monthly inventory of laying hens in production nationwide was about 1.334 billion, compared with 1.329 billion at the end of April and 1.318 billion at the end of March, with a month-on-month increase of 0.4%, showing a certain degree of growth for five consecutive months. Compared with 1.244 billion in the same period last year, the year-on-year increase was 7.2% [9] - In April, the monthly output of layer chicks from sample enterprises was about 46.99 million, an increase from 46.33 million in March. Compared with 45.82 million in the same period in 2024, it also increased, ranking as the third-highest monthly replenishment volume in April in the past eight years [9] - In the three weeks up to May 30, the national culling volume of hens was 21.02 million, 19.53 million, and 18.56 million respectively. The culling volume gradually recovered after May, with a month-on-month increase for three consecutive weeks, and the absolute value was slightly higher than the levels of the previous three years. As of May 29, the average age of culled hens was 521 days, 11 days earlier than the previous week and 15 days earlier than the previous month [9] Group 4: Data Overview - Figures include China's monthly inventory of laying hens in production (in billions), egg farming profit (yuan per hen), average price of eggs in the main production areas (yuan per jin), seasonal trend of Egg 06 (yuan per 500 kg), basis of Egg 06 contract (yuan per 500 kg), and price difference between Egg 08 and 09 (yuan per 500 kg) [10][16][20]

文字早评 2025/06/03 星期二 宏观金融类 股指 前一交易日沪指-0.47%，创指-0.96%，科创 50-0.94%，北证 50-0.51%，上证 50-0.45%，沪深 300-0.48%， 中证 500-0.85%，中证 1000-1.03%，中证 2000-1.75%，万得微盘-1.16%。两市合计成交 11392 亿，较上 一日-462 亿。 宏观消息面： 1、美方称中方违反中美日内瓦经贸会谈共识，中国商务部新闻发言人：中方坚决拒绝无理指责。 2、中国 5 月官方制造业 PMI 回升至 49.5，符合预期。 3、工信部：加大汽车行业"内卷式"竞争整治力度。中汽协：无序"价格战"加剧恶性竞争，挤压企 业利润空间，影响产品质量和售后服务保障。 4、特朗普宣布自周三起上调钢铝关税一倍至 50%。欧盟：表示遗憾，准备反击美国。 资金面：融资额-11.29 亿；隔夜 Shibor 利率+6.00bp 至 1.4710%，流动性较为宽松；3 年期企业债 AA- 级别利率-1.23bp 至 3.0414%，十年期国债利率-1.90bp 至 1.6762%，信用利差+0.67bp 至 137bp；美国 10 ...