Report Overview - The report is a daily spread report for all varieties on December 30, 2025, providing price information on various commodities and financial futures [3] Commodity and Futures Information Ferrous Metals - **Silicon Iron (SF603)**: Spot price 5676, futures price 5628, basis -48, basis rate -0.85%, historical quantile 50.50% [1] - **Silicon Manganese (SM603)**: Spot price 5862, futures price 5860, basis 2, basis rate 0.03%, historical quantile 24.60% [1] - **Rebar (RB2605)**: Spot price 3300, futures price 3280, basis 20, basis rate 0.61%, historical quantile 67.20% [1] - **Hot - Rolled Coil (HC2605)**: Spot price 3287, futures price 3130, basis 157, basis rate 5.02%, historical quantile 15.30% [1] - **Iron Ore (I2605)**: Spot price 858, futures price 797, basis 61, basis rate 7.69%, historical quantile 48.00% [1] - **Coke (J2605)**: Spot price 1713, futures price 1681, basis 32, basis rate 1.91%, historical quantile 79.17% [1] - **Coking Coal (JM2605)**: Spot price 1156, futures price 1088, basis 68, basis rate 6.25%, historical quantile 42.50% [1] Non - Ferrous Metals - **Copper (CU2602)**: Spot price 100740, futures price 99790, basis 950, basis rate 0.95%, historical quantile 99.79% [1] - **Aluminum (AL2602)**: Spot price 22570, futures price 22490, basis 80, basis rate 0.36%, historical quantile 32.91% [1] - **Zinc (ZN2602)**: Spot price 23370, futures price 23255, basis 115, basis rate 0.49%, historical quantile 74.37% [1] - **Tin (SN2602)**: Spot price 343500, futures price 334590, basis 8910, basis rate 2.66%, historical quantile 99.37% [1] - **Nickel (NI2602)**: Spot price 128600, futures price 125710, basis 2890, basis rate 2.30%, historical quantile 99.58% [1] - **Stainless Steel (SS2602)**: Spot price 13220, futures price 12910, basis 310, basis rate 2.40%, historical quantile 56.65% [1] - **Lithium Carbonate (LC2605)**: Spot price 118820, futures price 118000, basis 820, basis rate 0.69%, historical quantile 43.83% [1] - **Industrial Silicon (SI2605)**: Spot price 9250, futures price 8715, basis 535, basis rate 6.14%, historical quantile 32.79% [1] Precious Metals - **Gold (AU2602)**: Spot price 1007.2, futures price 1004.9, basis 2.3, basis rate 0.23%, historical quantile 38.00% [1] - **Silver (AG2602)**: Spot price 18797.0, futures price 18205.0, basis 592.0, basis rate 3.25%, historical quantile 99.50% [1] Agricultural Products - **Soybean Meal (M2605)**: Spot price 3060, futures price 2774.0, basis 286.0, basis rate 10.31%, historical quantile 68.50% [1] - **Soybean Oil (Y2605)**: Spot price 8250, futures price 7818.0, basis 432.0, basis rate 5.53%, historical quantile 74.30% [1] - **Palm Oil (P2605)**: Spot price 8512.0, futures price 8510, basis 2.0, basis rate 0.02%, historical quantile 25.90% [1] - **Rapeseed Meal (RM605)**: Spot price 2570, futures price 2387.0, basis 183.0, basis rate 7.67%, historical quantile 81.50% [1] - **Rapeseed Oil (OI605)**: Spot price 9750, futures price 9040.0, basis 710.0, basis rate 7.85%, historical quantile 94.00% [1] - **Corn (C2603)**: Spot price 2330, futures price 2249.0, basis 81.0, basis rate 3.60%, historical quantile 82.20% [1] - **Corn Starch (CS2603)**: Spot price 2620, futures price 2535.0, basis 85.0, basis rate 3.35%, historical quantile 39.60% [1] - **Live Pigs (H2603)**: Spot price 12450, futures price 11715.0, basis 735.0, basis rate 6.27%, historical quantile 69.50% [1] - **Eggs (JD2602)**: Spot price 2941.0, futures price 2910, basis - 31.0, basis rate - 1.05%, historical quantile 36.60% [1] - **Cotton (CF605)**: Spot price 15385, futures price 14435.0, basis 950.0, basis rate 6.58%, historical quantile 48.70% [1] - **Sugar (SR605)**: Spot price 5420, futures price 5253.0, basis 167.0, basis rate 3.18%, historical quantile 28.50% [1] - **Apples (AP605)**: Spot price 9200, futures price 9163.0, basis 37.0, basis rate 0.40%, historical quantile 24.70% [1] - **Red Dates (CJ605)**: Spot price 8970.0, futures price 8300, basis - 670.0, basis rate - 7.47%, historical quantile 61.60% [1] Energy and Chemicals - **Para - Xylene (PX603)**: Spot price 7270.0, futures price 7199.0, basis 71.0, basis rate 0.98%, historical quantile 14.20% [1] - **PTA (TA605)**: Spot price 5122.0, futures price 5060.0, basis 62.0, basis rate 1.21%, historical quantile 32.80% [1] - **Ethylene Glycol (EG2605)**: Spot price 3817.0, futures price 3690.0, basis 127.0, basis rate 3.33%, historical quantile 12.20% [1] - **Polyester Staple Fiber (PF602)**: Spot price 6540.0, futures price 6530.0, basis 10.0, basis rate 0.15%, historical quantile 39.60% [1] - **Styrene (EB2602)**: Spot price 6815.0, futures price 6737.0, basis 78.0, basis rate 1.16%, historical quantile 46.20% [1] - **Methanol (MA605)**: Spot price 2161.0, futures price 2150.0, basis 11.0, basis rate 0.51%, historical quantile 31.00% [1] - **Urea (UR605)**: Spot price 1735.0, futures price 1710.0, basis 25.0, basis rate 1.44%, historical quantile 9.40% [1] - **LLDPE (L2605)**: Spot price 6453.0, futures price 6340.0, basis 113.0, basis rate 1.75%, historical quantile 2.60% [1] - **PP (PP2605)**: Spot price 6274.0, futures price 6240.0, basis 34.0, basis rate 0.54%, historical quantile 17.50% [1] - **PVC (V2605)**: Spot price 4777.0, futures price 4520.0, basis 257.0, basis rate 5.38%, historical quantile 14.90% [1] - **Caustic Soda (SH603)**: Spot price 2232.0, futures price 2212.5, basis 19.5, basis rate 0.81%, historical quantile 40.40% [1] - **LPG (PG2602)**: Spot price 4528.0, futures price 4046.0, basis 482.0, basis rate 11.91%, historical quantile 67.30% [1] - **Asphalt (BU2602)**: Spot price 3008.0, futures price 2920.0, basis 88.0, basis rate 2.93%, historical quantile 32.40% [1] - **Butadiene Rubber (BR2602)**: Spot price 11600.0, futures price 11300.0, basis 300.0, basis rate 2.99%, historical quantile 7.30% [1] - **Float Glass (FG605)**: Spot price 1051.0, futures price 896.0, basis 155.0, basis rate 17.30%, historical quantile 8.19% [1] - **Soda Ash (SA605)**: Spot price 1181.0, futures price 1122.0, basis 59.0, basis rate 5.26%, historical quantile 18.69% [1] - **Natural Rubber (RU2605)**: Spot price 15665.0, futures price 15250.0, basis 415.0, basis rate 2.72%, historical quantile 69.38% [1] Financial Futures - **Stock Index Futures** - **IF2603.CFF**: Spot price 4639.4, futures price 4610.2, basis - 29.2, basis rate - 0.63%, historical quantile 14.10% [1] - **IH2603.CFE**: Spot price 3038.0, futures price 3034.6, basis 3.4, basis rate 0.11%, historical quantile 76.10% [1] - **IC2603.CFE**: Spot price 7430.6, futures price 7336.6, basis - 94.0, basis rate - 1.28%, historical quantile 4.20% [1] - **IM2603.CFE**: Spot price 7594.2, futures price 7439.0, basis - 155.2, basis rate - 2.09%, historical quantile 7.80% [1] - **Treasury Bond Futures** - **2 - year Treasury Bond (TS2603)**: Spot price 102.48, futures price 100.15, basis - 0.01, basis rate - 0.01%, historical quantile 23.90%, conversion factor 0.9774 [1] - **5 - year Treasury Bond (TF2603)**: Spot price 105.83, futures price 99.56, basis - 0.04, basis rate - 0.04%, historical quantile 22.10%, conversion factor 0.9412 [1] - **10 - year Treasury Bond (T2603)**: Spot price 107.97, futures price 100.37, basis 0.09, basis rate 0.09%, historical quantile 28.10%, conversion factor 0.9288 [1] - **30 - year Treasury Bond (TL2603)**: Spot price 126.22, futures price 111.64, basis 0.48, basis rate 0.43%, historical quantile 71.10%, conversion factor 1.1263 [1]

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints No information provided. 3. Summary by Categories Metals - **Ferrous Metals**: For silicon iron (SF603), the spot price is 5518, the futures price is 5578, and the basis is -60 with a basis rate of -1.08%. For silicon manganese (SM603), the spot price is 5810, the futures price is 5758, and the basis is 52 with a basis rate of 0.90%. For rebar (RB2605), the spot price is 3270, the futures price is 3240, and the basis is 30 with a basis rate of 0.93%. For hot - rolled coil (HC2605), the spot price is 3233, the futures price is 3240, and the basis is -7 with a basis rate of -0.22%. For iron ore (I2605), the spot price is 831, the futures price is 753, and the basis is 78 with a basis rate of 10.34%. For coke (J2601), the spot price is 1592, the futures price is 1504, and the basis is 88 with a basis rate of 9.87%. For coking coal (JM2605), the spot price is 1139, the futures price is 1061, and the basis is 78 with a basis rate of 7.35% [1]. - **Non - ferrous Metals**: For copper (CU2602), the spot price is 92400, the futures price is 92265, and the basis is 135 with a basis rate of 0.15%. For aluminum (AL2602), the spot price is 21710, the futures price is 21920, and the basis is -210 with a basis rate of -0.96%. For zinc (ZN2601), the spot price is 23430, the futures price is 23400, and the basis is 30 with a basis rate of 0.13%. For tin (SN2601), the spot price is 327390, the futures price is 324100, and the basis is 3290 with a basis rate of 1.00%. For nickel (NI2601), the spot price is 115050, the futures price is 114690, and the basis is 360 with a basis rate of 0.31%. For stainless steel (SS2602), the spot price is 12970, the futures price is 12480, and the basis is 490 with a basis rate of 3.93%. For lithium carbonate (LC2605), the spot price is 101060, the futures price is 95150, and the basis is 5910 with a basis rate of 6.21%. For industrial silicon (SI2605), the spot price is 9200, the futures price is 8350, and the basis is 850 with a basis rate of 10.18% [1]. Precious Metals - For gold (AU2602), the spot price is 983.2, the futures price is 977.1, and the basis is 6.1 with a basis rate of 0.62%. For silver (AG2602), the spot price is 14795.0, the futures price is 14793.0, and the basis is 2.0 with a basis rate of 0.01% [1]. Agricultural Products - For soybean meal (M2605), the spot price is 3060, the futures price is 2758.0, and the basis is 302.0 with a basis rate of 10.95%. For soybean oil (Y2605), the spot price is 8340, the futures price is 7940.0, and the basis is 400.0 with a basis rate of 5.04%. For palm oil (P2605), the spot price is 8560, the futures price is 8492.0, and the basis is 68.0 with a basis rate of 0.80%. For rapeseed meal (RM605), the spot price is 2520, the futures price is 2341.0, and the basis is 179.0 with a basis rate of 7.65%. For rapeseed oil (Oleos), the spot price is 9750, the futures price is 9196.0, and the basis is 554.0 with a basis rate of 6.02%. For corn (C2601), the spot price is 2320, the futures price is 2228.0, and the basis is 92.0 with a basis rate of 4.13%. For corn starch (CS2601), the spot price is 2650, the futures price is 2513.0, and the basis is 137.0 with a basis rate of 9.45%. For live pigs (H2603), the spot price is 11450, the futures price is 11305.0, and the basis is 145.0 with a basis rate of 1.28%. For eggs (JD2601), the spot price is 3122.0, the futures price is 3020, and the basis is 102.0 with a basis rate of 3.27%. For cotton (CF605), the spot price is 14884, the futures price is 14000.0, and the basis is 884.0 with a basis rate of 6.31%. For white sugar (SR605), the spot price is 5450, the futures price is 5207.0, and the basis is 243.0 with a basis rate of 4.67%. For apples (AP605), the spot price is 9232.0, the futures price is 9000, and the basis is 232.0 with a basis rate of 2.51%. For red dates (CJ605), the spot price is 8600, the futures price is 9025.0, and the basis is -425.0 with a basis rate of -4.71% [1]. Energy and Chemicals - For paraxylene (PX603), the spot price is 6784.0, the futures price is 6769.0, and the basis is 15.0 with a basis rate of 0.22%. For PTA (TA605), the spot price is 4628.0, the futures price is 4615.0, and the basis is 13.0 with a basis rate of 0.28%. For ethylene glycol (EG2601), the spot price is 3651.0, the futures price is 3630.0, and the basis is 21.0 with a basis rate of 0.58%. For polyester staple fiber (PF602), the spot price is 6265.0, the futures price is 6098.0, and the basis is 167.0 with a basis rate of 2.74%. For styrene (EB2601), the spot price is 6635.0, the futures price is 6487.0, and the basis is 148.0 with a basis rate of 2.28%. For methanol (MA605), the spot price is 2105.0, the futures price is 2074.0, and the basis is 31.0 with a basis rate of 1.49%. For urea (UR601), the spot price is 1700.0, the futures price is 1629.0, and the basis is 71.0 with a basis rate of 4.36%. For LLDPE (L2605), the spot price is 6600.0, the futures price is 6557.0, and the basis is 43.0 with a basis rate of 0.66%. For PP (PP2605), the spot price is 6305.0, the futures price is 6254.0, and the basis is 51.0 with a basis rate of 0.82%. For PVC (V2601), the spot price is 4330.0, the futures price is 4315.0, and the basis is 15.0 with a basis rate of 0.35%. For caustic soda (SH603), the spot price is 2218.8, the futures price is 2163.0, and the basis is 55.8 with a basis rate of 2.58%. For LPG (PG2601), the spot price is 4498.0, the futures price is 4181.0, and the basis is 317.0 with a basis rate of 7.58%. For asphalt (BU2602), the spot price is 2963.0, the futures price is 2920.0, and the basis is 43.0 with a basis rate of 1.45%. For butadiene rubber (BR2602), the spot price is 10845.0, the futures price is 10600.0, and the basis is 245.0 with a basis rate of 2.26%. For float glass (FG605), the spot price is 950.0, the futures price is 936.0, and the basis is 14.0 with a basis rate of 1.50%. For soda ash (SA605), the spot price is 1133.0, the futures price is 1123.0, and the basis is 10.0 with a basis rate of 0.88%. For natural rubber (RU2605), the spot price is 15200.0, the futures price is 14950.0, and the basis is 250.0 with a basis rate of 1.67% [1]. Financial Futures - For IF2512.CFE, the spot price is 4552.1, the futures price is 4545.6, and the basis is 6.5 with a basis rate of 0.14%. For IH2512.CFE, the spot price is 2987.1, the futures price is 2983.8, and the basis is 3.3 with a basis rate of 0.11%. For IC2512.CFE, the spot price is 7115.8, the futures price is 7114.0, and the basis is -1.8 with a basis rate of -0.03%. For IM2512.CFE, the spot price is 7309.1, the futures price is 7308.0, and the basis is 1.1 with a basis rate of 0.01%. For 2 - year bond (TS2603), the spot price is 102.44, the futures price is 100.08, and the basis is -0.05 with a basis rate of -0.05%. For 5 - year bond (TF2603), the spot price is 105.76, the futures price is 99.50, and the basis is -0.04 with a basis rate of -0.04%. For 10 - year bond (T2603), the spot price is 107.86, the futures price is 100.24, and the basis is 0.06 with a basis rate of 0.06%. For 30 - year bond (TL2603), the spot price is 126.03, the futures price is 111.60, and the basis is 0.34 with a basis rate of 0.30% [1].