Report Summary 1. Report Industry Investment Rating No information about the industry investment rating is provided in the content. 2. Core View The report presents the basis rate statistics of various futures on May 27, 2025, including details such as trading codes, prices of different contracts, spot prices, basis rates, and their changes compared to the previous day. This data can be used by investors to analyze the market conditions and potential investment opportunities of different commodities futures [4]. 3. Summary by Commodity Category Non - Ferrous Metals - **Copper (CU)**: The spot price is 78,590, the basis rate is 0.15%, and the price of the next - month contract is 77,910 with a change of 320 compared to the previous day [4]. - **Aluminum (AL)**: The spot price of SMM A00 aluminum is 20,350, the basis rate is 0.97%, and the price of the next - month contract is 20,155 with a change of - 0.05% compared to the previous day [4]. - **Zinc (ZN)**: The spot price of SMM 0 zinc ingot is 22,570, the basis rate is 1.69%, and the price of the next - month contract is 22,195 with a change of - 0.15% compared to the previous day [4]. - **Lead (PB)**: The spot price of SMM 1 lead ingot is 16,835, the basis rate is - 0.98%, and the price of the next - month contract is 16,840 with a change of - 160 compared to the previous day [4]. - **Tin**: The spot price of SMM 1 tin is 264,640, the basis rate is - 0.02%, and the price of the next - month contract is 264,500 with a change of - 50 compared to the previous day [4]. - **Nickel (NI)**: The spot price of SMM 1 electrolytic nickel is 123,210, the basis rate is 1.06%, and the price of the next - month contract is 122,850 with a change of 940 compared to the previous day [4]. Industrial Metals and Minerals - **Industrial Silicon**: The spot price of SMM Huayue Tongyang 553 silicon is 8,800, the basis rate is 11.40%, and the price of the next - month contract is 7,720 with a change of 875 compared to the previous day [4]. - **Carbonate Lithium**: The spot price of domestic 99.5% carbonate lithium is 60,400, the basis rate is 3.43%, and the price of the next - month contract is 61,420 with a change of 1,01% compared to the previous day [4]. Precious Metals - **Gold (AU)**: The spot price of AuT + D on the Shanghai Gold Exchange is 779.22, the basis rate is - 5.36%, and the price of the next - month contract is 777.30 with a change of - 3.44 compared to the previous day [4]. - **Silver (AG)**: The spot price of Ag(T + D) on the Shanghai Gold Exchange is 8,299, the basis rate is - 0.50%, and the price of the next - month contract is 8,280 with a change of - 41 compared to the previous day [4]. Steel and Related Products - **Rebar (RB)**: The spot price of HRB400 20mm in Shanghai is 3,140, the basis rate is 4.53%, and the price of the next - month contract is 3,020 with a change of 120 compared to the previous day [4]. - **Hot - Rolled Coil (HC)**: The spot price of Q235B 4.75mm in Shanghai is 3,220, the basis rate is 2.61%, and the price of the next - month contract is 3,161 with a change of 82 compared to the previous day [4]. Energy and Chemicals - **Crude Oil (SC)**: The spot price of Chinese Shengli crude oil in the Pacific Rim is 455.0, the basis rate is - 1.63%, and the price of the next - month contract is 452.2 with a change of - 2.8 compared to the previous day [4]. - **Fuel Oil (FU)**: The spot price of bonded marine fuel oil 380CST in Zhoushan is 3,57, the basis rate is 5.13%, and the price of the next - month contract is 3,193 with a change of - 3.04 compared to the previous day [4]. - **LPG (PG)**: The spot price in Guangzhou is 4,798, the basis rate is 18.12%, and the price of the next - month contract is 4,091 with a change of - 0.61% compared to the previous day [4]. - **Methanol (MA)**: The spot price in East China is 2,293, the basis rate is 3.87%, and the price of the next - month contract is 2,239 with a change of - 0.77% compared to the previous day [4]. - **PTA (TA)**: The spot price in East China is 4,905, the basis rate is 3.83%, and the price of the next - month contract is 4,598 with a change of 0.14% compared to the previous day [4]. - **Polypropylene (PP)**: The market price of Hangzhou Shaoxing Sanyuan T30S is 7,430, the basis rate is 7.23%, and the price of the next - month contract is 6,896 with a change of 0.29% compared to the previous day [4]. - **Styrene (EB)**: The spot price in East China is 7,825, the basis rate is 8.76%, and the price of the next - month contract is 7,005 with a change of 3.90% compared to the previous day [4]. - **Short - Fiber (PF)**: The price of Fangxiang semi - glossy natural white 1.56 * 38mm polyester staple fiber is 6,560, the basis rate is 2.02%, and the price of the next - month contract is 6,402 with a change of 0.01% compared to the previous day [4]. - **PVC**: The spot price of the calcium - carbide method in East China is 5,405, the basis rate is 11.10%, and the price of the next - month contract is 5,100 with a change of - 0.25% compared to the previous day [4]. - **Rubber (RU)**: The spot price of Thai - made rubber in the Qingdao Free Trade Zone is 15,285, the basis rate is - 0.69%, and the price of the next - month contract is 14,300 with a change of - 860 compared to the previous day [4]. - **20 Standard Rubber (NR)**: The spot price of Thai 20 standard rubber in the Qingdao Free Trade Zone is 12,771, the basis rate is 1.00%, and the price of the next - month contract is 12,410 with a change of - 0.51% compared to the previous day [4]. - **Soda Ash (SA)**: The market price in Shache and Chongqing is 1,289, the basis rate is 2.79%, and the price of the next - month contract is 1,237 with a change of 1 compared to the previous day [4]. - **Urea (UR)**: The spot price of small - particle urea in Henan is 1,850, the basis rate is 1.87%, and the price of the next - month contract is 1,737 with a change of - 1.03% compared to the previous day [4]. - **Pulp (SP)**: The spot price of bleached softwood pulp (Silver Star, Chile) is 6,248, the basis rate is 15.65%, and the price of the next - month contract is 5,300 with a change of 948 compared to the previous day [4]. Agricultural Products - **Soybeans**: The spot price of domestic third - grade soybeans in Harbin is 4,087, the basis rate is - 3.3%, and the price of the next - month contract is 2,950 with a change of - 152 compared to the previous day [4]. - **Soybean Meal**: The spot price of ordinary protein soybean meal in Zhangjiagang is 3,002, the basis rate is - 3.7%, and the price of the next - month contract is 2,709 with a change of - 100 compared to the previous day [4]. - **Rapeseed Meal**: The spot price of ordinary rapeseed meal in Nantong is 2,349, the basis rate is 0.01%, and the price of the next - month contract is 2,332 with a change of - 96 compared to the previous day [4]. - **Vegetable Oils and Fats**: - **First - Grade Soybean Oil**: The spot price in Zhangjiagang is 8,120, the basis rate is 5.40%, and the price of the next - month contract is 7,682 with a change of 590 compared to the previous day [4]. - **Rapeseed Oil**: The spot price in Jiangsu is 9,610, the basis rate is 2.43%, and the price of the next - month contract is 9,026 with a change of 228 compared to the previous day [4]. - **Peanut Oil**: The spot price of Baisha peanuts (45% oil content, 9% water content) in Changtu is 8,800, the basis rate is 6.64%, and the price of the next - month contract is 8,252 with a change of 548 compared to the previous day [4]. - **Palm Oil**: The spot price of 24 - degree palm oil in Guangdong is 8,520, the basis rate is 7.12%, and the price of the next - month contract is 7,954 with a change of - 0.30% compared to the previous day [4]. - **Grains**: - **Corn**: The spot price of second - grade national standard corn at Bayuquan Port is 2,344, the basis rate is 0.09%, and the price of the next - month contract is 2,320 with a change of - 24 compared to the previous day [4]. - **Corn Starch**: The factory price in Changchun is 2,723, the basis rate is 1.39%, and the price of the next - month contract is 2,690 with a change of - 33 compared to the previous day [4]. - **Livestock and Poultry Products - **Pigs**: The spot price of external ternary pigs in Henan is 14,430, the basis rate is 6.10%, and the price of the next - month contract is 13,00 with a change of 130 compared to the previous day [4]. - **Soft Commodities - **Cotton**: The spot price of the cotton price index 328 in Xinjiang is 13,445, the basis rate is 0.19%, and the price of the next - month contract is 13,385 with a change of 1221 compared to the previous day [4]. - **Sugar**: The spot price of daily - consumption sugar in Liuzhou is 6,200, the basis rate is 6.26%, and the price of the next - month contract is 5,653 with a change of - 0.04% compared to the previous day [4]. Stock Index Futures - **CSI 300 (IF)**: The spot price is 3,860.1, the basis rate is - 0.18%, and the price of the next - month contract is 3,831.2 with a change of 28.9 compared to the previous day [4]. - **SSE 50 (IH)**: The spot price is 2,699.4, the basis rate is 0.56%, and the price of the next - month contract is 2,646.2 with a change of 47.2 compared to the previous day [4]. - **CSI 500 (IC)**: The spot price is 5,669.5, the basis rate is - 0.30%, and the price of the next - month contract is 5,400.0 with a change of 74.9 compared to the previous day [4].