交易咨询业务资格：证监许可【2012】1091号 天胶早报- 2025年11月27日 大越期货投资咨询部 金泽彬 从业资格证号：F3048432 投资咨询证号： Z0015557 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 3 基本面数据 多空因素及主要风险点 4 基差 天胶： 1、基本面：供应开始增加，现货偏强，国内库存开始减少，轮胎开工率高位 中性 2、基差：现货14650，基差-545 偏空 3、库存：上期所库存周环比减少，同比减少；青岛地区库存周环比增加，同比增加 中性 中性 4、盘面：20日线向下，价格20日线上运行 中性 5、主力持仓：主力净空，空减 偏空 6、预期：市场下方有支撑，逢低做多 多空因素及主要风险点 • 利多 • 1、下游消费偏高 • 2、现货价格抗跌 • 3、国内反内卷 • 利空 • 1、供应增加 • 2、国内经济指标偏空 • 3、贸易摩擦 • 风险点 • 世界 ...

| 62 | 折算价:72硅铁合格块:内蒙-天津仓单 | 硅铁 (SF603) | 1.14% | 62.90% | 5478 | 5416 | 2.49% | 140 | 5770 | 51.50% | 折算价:6517硅锰:内蒙-湖北仓单 | 硅锰 (SM601) | 5630 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 151 | 4.87% | 3250 | 63.30% | HRB40020mm: 上海 | 螺纹钢 (RB2601) | 3099 | Q235B: 4.75mm: 上海 | -14 | 3290 | -0.42% | 热卷 (HC2601) | 3304 | 12.30% | | | | | | 62 | 797 | 7.716% | 铁矿石 (12601) | 850 | 49.00% | 折算价:62.5%巴混粉(BRBF):淡水河谷:日照港 | 5 | 0.32% | 焦炭 (J2 ...

| 硅铁(SF603) | 1.10% | 62.50% | 折算价:72硅铁合格块:内蒙-天津仓单 | 5448 | 60 | 5508 | 2.73% | 折算价:6517硅锰:内蒙-湖北仓单 | 5790 | 154 | 5636 | 54.10% | 硅锰(SM601) | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 144 | 4.64% | 螺纹钢 (RB2601) | 3250 | 61.30% | HRB40020mm: 上海 | 3106 | 热卷 (HC2601) | -9 | 3300 | -027% | Q235B: 4.75mm: 上海 | 3309 | 14.10% | | | | | | 54.20% | 863 | 794 | ୧୦ | 8.71% | 铁矿石 (12601) | 折算价:62.5%巴混粉(BRBF)：淡水河谷:日照港 | -114% | -19 | 52.99% | ...

Report Summary Report Industry Investment Rating - No industry investment rating information provided in the content. Core Viewpoints - The report presents the latest data on various commodities and financial futures, including spot prices, futures prices, basis, basis rates, and historical quantiles, covering metals, energy, chemicals, agricultural products, and financial derivatives. Summary by Category Metals - **Ferrous Metals**: The prices of silicon iron, silicon manganese, rebar, hot-rolled coils, iron ore, coke, and coking coal show different degrees of change. For example, the price of silicon iron (SF603) has a basis rate of 66.40%, and the price of rebar (RB2601) has increased by 5.33% [1]. - **Non-ferrous Metals**: The prices of copper, aluminum, zinc, tin, nickel, and other non-ferrous metals also fluctuate. For instance, the price of copper (CU2601) has a basis rate of 0.18%, and the price of aluminum (AL2601) has a basis rate of 4.51% [1]. Energy and Chemicals - The prices of energy and chemical products such as crude oil, natural gas, PTA, ethylene glycol, and methanol show different trends. For example, the price of PTA (TA601) has a basis rate of 0.97%, and the price of ethylene glycol (EG2601) has a basis rate of 0.74% [1]. Agricultural Products - The prices of agricultural products such as soybeans, corn, wheat, cotton, and sugar also change. For instance, the price of soybean meal (M2601) has a basis rate of 2.44%, and the price of corn (C2601) has a basis rate of 1.14% [1]. Financial Futures - The prices of stock index futures and bond futures show different degrees of change. For example, the price of IF2512.CFE has a basis rate of -0.32%, and the price of 2-year bond futures (TS2512) has a basis rate of 0.03% [1].

交易咨询业务资格：证监许可【2012】1091号 天胶早报- 2025年11月21日 大越期货投资咨询部 金泽彬 从业资格证号：F3048432 投资咨询证号： Z0015557 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 3 基本面数据 多空因素及主要风险点 4 基差 天胶： 1、基本面：供应开始增加，现货偏强，国内库存开始减少，轮胎开工率高位 中性 2、基差：现货14850，基差-400 偏空 3、库存：上期所库存周环比减少，同比减少；青岛地区库存周环比增加，同比增加 中性 4、盘面：20日线走平，价格20日线上运行 偏多 5、主力持仓：主力净空，空增 偏空 6、预期：市场下方有支撑，逢低做多 多空因素及主要风险点 • 利多 • 1、下游消费偏高 • 2、现货价格抗跌 • 3、国内反内卷 • 利空 • 1、供应增加 • 2、国内经济指标偏空 • 3、贸易摩擦 • 风险点 • 世界经济衰 ...

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core View No clear core view presented in the given content. It mainly shows a comprehensive list of various commodity and financial futures' price - related data including spot prices, futures prices, basis, basis rates, and historical quantiles. 3. Summary by Categories Metals and Minerals - **Ferrous Metals**: For silicon iron (SF601), the spot price is 5870, the futures price is 5680, and the basis rate is 3.35%. For silicon manganese (SM601), the spot price is 6517. For HRB400 20mm rebar (RB2601), the spot price is 3230, the futures price is 3090, and the basis rate is 4.53%. The price of iron ore (I2601) has a spot price of 856 and a futures price of 792, with a basis rate of 8.03%. Coke (J2601) has a spot price of 1650 and a futures price of 1646, and the basis rate is - 0.22%. Coking coal (JM2601) has a spot price of 1291 and a futures price of 1159, with a basis rate of 11.39% [1]. - **Non - ferrous Metals**: Copper (CU2512) has a spot price of 86005, a futures price of 85650, and the basis rate is 0.41%. Aluminum (AL2601) has a spot price of 21465, a futures price of 21460, and the basis rate is - 0.02%. Zinc (ZN2512) has a spot price of 22310, a futures price of 22250, and the basis rate is - 0.27%. Tin (SN2512) has a spot price of 289400, a futures price of 288880, and the basis rate is 0.18% [1]. Precious Metals - Gold (AU2512) has a spot price of 918.5, a futures price of 915.6, and the basis rate is - 0.32%. Silver (AG2602) has a spot price of 11699.0, a futures price of 11697.0, and the basis rate is - 0.02% [1]. Agricultural Products - For soybean meal (M2601), the spot price is 3041.0, the futures price is 3010, and the basis rate is - 1.02%. For soybean oil (Y2601), the spot price is 8500, the futures price is 8320.0, and the basis rate is 2.16%. For palm oil (P2601), the spot price is 8708.0, the futures price is 8630, and the basis rate is - 0.90% [1]. Energy and Chemicals - PX (PX601) has a spot price of 6780.0, a futures price of 6768.0, and the basis rate is 0.18%. PTA (TA601) has a spot price of 4670.0, a futures price of 4600.0, and the basis rate is - 1.50%. Ethylene glycol (EG2601) has a spot price of 3935.0, a futures price of 3907.0, and the basis rate is 0.72% [1]. Financial Futures - For stock index futures, IF2512.CFE has a spot price of 4568.2, a futures price of 4555.0, and the basis rate is - 0.29%. IH2512.CFE has a spot price of 2997.6, a futures price of 3003.0, and the basis rate is - 0.18%. IC2512.CFE has a spot price of 7151.0, a futures price of 7079.8, and the basis rate is - 1.01%. For bond futures, 2 - year bond (TS2512) has a spot price of 102.49, a futures price of 100.05, and the basis rate is - 0.03% [1].

Report Industry Investment Rating - The investment rating for the natural rubber industry is neutral [4][9] Core Viewpoint - The market has support at the bottom, and it is advisable to buy on dips [4] Summary by Directory Daily Tips - The supply of natural rubber is increasing, the spot is strong, domestic inventories are starting to decrease, and tire operating rates are at a high level [4] - The basis is -445 with a spot price of 14,850, showing a bearish signal [4] - The inventory of the Shanghai Futures Exchange decreased week - on - week and year - on - year, while the inventory in Qingdao increased week - on - week and year - on - year [4] - The price is above the 20 - day line with the 20 - day line trending upwards, showing a bullish signal [4] - The main positions are net short with an increase in short positions, showing a bearish signal [4] Fundamental Data Spot Price - The spot price of 2023 full - latex (non - deliverable) increased on November 18 [8] - The basis strengthened on November 18 [35] Inventory - The exchange inventory has been continuously decreasing recently [14] - The inventory in Qingdao has rebounded recently [17] Import - The import volume has rebounded [20] Downstream Consumption - Automobile production and sales have seasonally rebounded [23][26] - Tire production reached a new high in the same period [29] - Tire industry exports reached a new high in the same period [32] Multi - Empty Factors Bullish Factors - Downstream consumption is high [6] - Spot prices are resistant to decline [6] - Domestic anti - involution [6] Bearish Factors - Supply is increasing [6] - Domestic economic indicators are bearish [6] - There are trade frictions [6]

| -0.14% | 55.30% | 硅铁(SF601) | 5566 | -8 | 折算价:72硅铁合格块:内蒙-天津仓单 | ટર્ટક | 78 | 5870 | 5792 | 1.35% | 折算价:6517硅锰:内蒙-湖北仓单 | 硅锰(SM601) | 40.20% | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 123 | 3.97% | 3220 | 55.60% | HRB40020mm:上海 | 螺纹钢 (RB2601) | 3097 | Q235B: 4.75mm: 上海 | 8 | 21.00% | 热卷 (HC2601) | 3310 | 3302 | 0.24% | | | | | | 62 | 850 | 7.83% | 折算价: 62.5%巴混粉(BRBF)：淡水河谷:日照港 | 铁矿石 (12601) | 789 | 49.20% | -1.2 % | -21 | 焦炭 (J260 ...

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core View of the Report No information provided. 3. Summary by Related Catalogs Ferrous Metals - **Silicon Iron (SF601)**: The conversion price of 72 - silicon iron qualified blocks from Inner Mongolia to Tianjin warehouse receipts is 5490, with a change of 64 and a change rate of 1.24%, and a historical quantile of 64.00% [1]. - **Silicon Manganese (SM601)**: The price is 5870, with a change of 122 and a change rate of 2.12%, and a historical quantile of 48.40%. The conversion price of silicon manganese from Inner Mongolia to Hubei warehouse receipts is 6517 [1]. - **Rebar (RB2601)**: The price of HRB400 20mm in Shanghai is 3053 [1]. - **Hot - Rolled Coil (HC2601)**: The price is 3260, with a change of 4 and a change rate of 0.12%, and a historical quantile of 19.40%. The reference is Q235B 4.75mm in Shanghai [1]. - **Iron Ore (I2601)**: The price is 843, with a change of 70 and a change rate of 9.09%, and a historical quantile of 55.20%. The conversion price is for 62.5% Brazilian mixed powder (BRBF) from Vale at Rizhao Port [1]. - **Coke (J2601)**: The price is 1689, with a change of 20, and a historical quantile of 72.08%. The conversion price is for quasi - first - class metallurgical coke at Rizhao Port [1]. - **Coking Coal (JM2601)**: The price is 1301, with a change of 109 and a change rate of 9.14%, and a historical quantile of 54.40%. The conversion price is for S1.3 G75 main coking coal (Meng 5) at Shaheyi [1]. Non - Ferrous Metals - **Copper (CU2512)**: The spot price is 87095, the futures price is 86900, the basis is 195, the basis rate is 0.22%, and the historical quantile is 69.58% [1]. - **Aluminum (AL2601)**: The spot price is 21910, the futures price is 21840, the basis is 70, the basis rate is 0.32%, and the historical quantile is 76.45% [1]. - **Alumina (AO2601)**: The spot price is 2847, the futures price is 2822, the basis is 25, the basis rate is 0.90%, and the historical quantile is 30.61% [1]. - **Zinc (ZN2512)**: The spot price is 22420, the futures price is 22425, the basis is - 5, the basis rate is - 0.02%, and the historical quantile is 59.16% [1]. - **Tin (SN2512)**: The spot price is 1 1 1 0 00, 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Report Information - Report Title: All-variety Spread Daily Report [4] - Date: November 14, 2025 [3] - Data Sources: Wind, Mystel, GF Futures Research Institute [5] Commodity Market Analysis Ferrous Metals - **Silicon Iron (SF601)**: Spot price is 5506, futures price is 5870, basis is 364, basis rate is 6.19%, and historical quantile is 47.10% [1] - **Silicon Manganese (SM601)**: Spot price is 5756, futures price is not provided, basis and basis rate data are incomplete [1] - **Rebar (RB2601)**: Spot price is 3046, futures price is 3270, basis is -224, basis rate is -6.85%, and historical quantile is 64.20% [1] - **Hot Rolled Coil (HC2601)**: Spot and futures price data are incomplete [1] - **Iron Ore (I2601)**: Spot price is 841, futures price is 873, basis is -32, basis rate is -3.67%, and historical quantile is 8.81% [1] - **Coke (J2601)**: Spot price is 1689, futures price is 1686, basis is 3, basis rate is 0.18%, and historical quantile is 64.51% [1] - **Coking Coal (JM2601)**: Spot price is 1301, futures price is 1214, basis is 87, basis rate is 7.17%, and historical quantile is 48.40% [1] Non-ferrous Metals - **Copper (CU2512)**: Spot price is 87550, futures price is 87210, basis is 340, basis rate is 0.39%, and historical quantile is 17.50% [1] - **Aluminum (AL2601)**: Spot price is 21920, futures price is 22050, basis is -130, basis rate is -0.59%, and historical quantile is 16.45% [1] - **Alumina (AO2601)**: Spot price is 2851, futures price is 2840, basis is 11, basis rate is 0.39%, and historical quantile is 27.53% [1] - **Zinc (ZN2512)**: Spot price is 22740, futures price is 22560, basis is 180, basis rate is 0.79%, and historical quantile is 16.87% [1] - **Tin (SN2512)**: Spot price is 298140, futures price is 296000, basis is 2140, basis rate is 0.72%, and historical quantile is 8.95% [1] - **Nickel (NI2512)**: Spot price is 119150, futures price is 118930, basis is 220, basis rate is 0.18%, and historical quantile is 68.33% [1] - **Stainless Steel (SS2601)**: Spot price is 12475, futures price is 12920, basis is -445, basis rate is -3.57%, and historical quantile is 83.90% [1] - **Lithium Carbonate (LC2601)**: Spot price is 87840, futures price is 84350, basis is 3490, basis rate is 3.97%, and historical quantile is 13.87% [1] - **Industrial Silicon (212601)**: Spot price is 9145, futures price is 9500, basis is -355, basis rate is -3.88%, and historical quantile is 25.66% [1] Precious Metals - **Gold (AU2512)**: Spot price is 958.7, futures price is 961.2, basis is -2.6, basis rate is -0.27%, and historical quantile is 30.40% [1] - **Silver (AG2512)**: Spot price is 12588.0, futures price is 12563.0, basis is 25.0, basis rate is 0.20%, and historical quantile is 39.00% [1] Agricultural Products - **Soybean Meal (M2601)**: Spot price is 3071.0, futures price is 3000, basis is 71.0, basis rate is 2.31%, and historical quantile is 25.60% [1] - **Soybean Oil (Y2601)**: Spot price is 8490, futures price is 8316.0, basis is 174.0, basis rate is 2.09%, and historical quantile is 35.80% [1] - **Palm Oil (P2601)**: Spot price is 8670, futures price is 8752.0, basis is -82.0, basis rate is -0.94%, and historical quantile is 7.90% [1] - **Rapeseed Meal (RM601)**: Spot price is 2610, futures price is 2492.0, basis is 118.0, basis rate is 4.74%, and historical quantile is 68.20% [1] - **Rapeseed Oil (OI601)**: Spot price is 10300, futures price is 9975.0, basis is 325.0, basis rate is 3.26%, and historical quantile is 83.20% [1] - **Corn (C2601)**: Spot price is 2200, futures price is 2186.0, basis is 14.0, basis rate is 0.64%, and historical quantile is 49.70% [1] - **Corn Starch (CS2601)**: Spot price is 2550, futures price is 2507.0, basis is 43.0, basis rate is 1.72%, and historical quantile is 21.20% [1] - **Live Hogs (LH2601)**: Spot price is 12000, futures price is 11860.0, basis is 140.0, basis rate is 1.18%, and historical quantile is 47.60% [1] - **Eggs (JD2512)**: Spot price is 3040.0, futures price is 2840, basis is 200.0, basis rate is 6.58%, and historical quantile is 19.20% [1] - **Cotton (CF601)**: Spot price is 13490.0, futures price is 14614, basis is -1124.0, basis rate is -7.69%, and historical quantile is 8.33% [1] - **Sugar (SR601)**: Spot price is 5760, futures price is 5512.0, basis is 248.0, basis rate is 4.50%, and historical quantile is 6.40% [1] - **Apples (AP601)**: Spot price is 8840, futures price is 9504.0, basis is -664.0, basis rate is -6.99%, and historical quantile is 1.60% [1] - **Red Dates (CJ601)**: Spot price is 9195.0, futures price is 8900, basis is 295.0, basis rate is 3.21%, and historical quantile is 75.90% [1] Energy and Chemicals - **Paraxylene (PX601)**: Spot price is 6756.0, futures price is 6836.0, basis is -80.0, basis rate is -1.17%, and historical quantile is 13.50% [1] - **PTA (TA601)**: Spot price is 4575.0, futures price is 4700.0, basis is -125.0, basis rate is -2.66%, and historical quantile is 13.30% [1] - **Ethylene Glycol (EG2601)**: Spot price is 3945.0, futures price is 3892.0, basis is 53.0, basis rate is 1.36%, and historical quantile is 78.10% [1] - **Polyester Staple Fiber (PF602)**: Spot price is 6295.0, futures price is 6224.0, basis is 71.0, basis rate is 1.14%, and historical quantile is 61.70% [1] - **Styrene (EB2512)**: Spot price is 6437.0, futures price is 6440.0, basis is -3.0, basis rate is -0.05%, and historical quantile is 25.70% [1] - **Methanol (MA601)**: Spot price is 2103.0, futures price is 2072.0, basis is 31.0, basis rate is 1.47%, and historical quantile is 19.30% [1] - **Urea (UR601)**: Spot price is 1600.0, futures price is 1658.0, basis is -58.0, basis rate is -3.50%, and historical quantile is 3.80% [1] - **LLDPE (L2601)**: Spot price is 6865.0, futures price is 6818.0, basis is 47.0, basis rate is 0.69%, and historical quantile is 36.60% [1] - **PP (PP2601)**: Spot price is 6495.0, futures price is 6480.0, basis is 15.0, basis rate is 0.23%, and historical quantile is 29.50% [1] - **PVC (V2601)**: Spot price is 4586.0, futures price is 4510.0, basis is 76.0, basis rate is 1.66%, and historical quantile is 64.50% [1] - **Caustic Soda (SH601)**: Spot price is 2468.8, futures price is 2337.0, basis is 131.8, basis rate is 5.64%, and historical quantile is 70.40% [1] - **LPG (PG2512)**: Spot price is 4498.0, futures price is 4324.0, basis is 174.0, basis rate is 3.87%, and historical quantile is 41.50% [1] - **Asphalt (BU2601)**: Spot price is 3029.0, futures price is 3010.0, basis is 19.0, basis rate is 0.63%, and historical quantile is 48.60% [1] - **Butadiene Rubber (BR2601)**: Spot price is 10480.0, futures price is 10300.0, basis is 180.0, basis rate is 1.72%, and historical quantile is 12.00% [1] - **Glass (FG601)**: Spot price is 1056.0, futures price is 1028.0, basis is 28.0, basis rate is 2.72%, and historical quantile is 68.69% [1] - **Soda Ash (SA601)**: Spot price is 1239.0, futures price is 1194.0, basis is 45.0, basis rate is 3.63%, and historical quantile is 24.57% [1] - **Natural Rubber (RU2601)**: Spot price is 15390.0, futures price is 14800.0, basis is 590.0, basis rate is 3.99%, and historical quantile is 64.89% [1] Financial Futures - **Stock Index Futures**: - **IF2512.CFE**: Spot price is 4702.1, futures price is 4677.0, basis is -25.1, basis rate is -0.54%, and historical quantile is 18.00% [1] - **IH2512.CFE**: Spot price is 3073.7, futures price is 3068.8, basis is 4.9, basis rate is 0.16%, and historical quantile is 34.40% [1] - **IC2512.CFE**: Spot price is 7355.3, futures price is 7269.0, basis is 86.3, basis rate is 1.19%, and historical quantile is 5.60% [1] - **IM2512.CFE**: Spot price is 7590.6, futures price is 7478.4, basis is 112.2, basis rate is 1.50%, and historical quantile is 16.80% [1] - **Treasury Bond Futures**: - **TS2512**: Spot price is 102.46, futures price is 100.04, basis is 0.01, basis rate is 0.01%, and historical quantile is 22.70% [1] - **TF2512**: Spot price is 105.88, futures price is 106.51, basis is -0.11, basis rate is -0.10%, and historical quantile is 26.60% [1] - **T2512**: Spot price is 108.42, futures price is 106.51, basis is 0.19, basis rate is 0.16%, and historical quantile is 29.80% [1] - **TL2512**: Spot price is 131.08, futures price is 116.13, basis is 0.19, basis rate is 0.16%, and historical quantile is 26.60% [1]