Core Insights - The article provides a comprehensive overview of domestic commodity basis data as of August 1, highlighting the differences between spot prices and futures contract prices across various commodities [1][2]. Group 1: Commodity Price Analysis - Copper shows a spot price of 78,370 CNY with a futures closing price of 78,400 CNY, resulting in a basis of -30 CNY, reflecting a slight decrease of -0.04% [1]. - Aluminum has a significant basis of -285 CNY, with a spot price of 16,450 CNY and a futures price of 16,735 CNY, indicating a decline of -1.73% [1]. - The price of rebar is reported at 3,360 CNY, with a futures price of 3,203 CNY, resulting in a positive basis of 157 CNY, which is an increase of 4.67% [1]. Group 2: Market Trends - The basis for soybean meal is -120 CNY, with a spot price of 2,890 CNY and a futures price of 3,010 CNY, reflecting a decrease of -4.15% [2]. - Cotton prices have increased significantly, with a spot price of 15,260 CNY and a futures price of 13,585 CNY, resulting in a basis of 1,675 CNY, which is a notable rise of 10.98% [2]. - The price of industrial silicon has surged to 9,800 CNY, with a futures price of 8,500 CNY, leading to a basis of 1,300 CNY, marking an increase of 13.27% [2]. Group 3: Specific Commodity Insights - The price of white sugar is at 5,931 CNY, with a futures price of 5,733 CNY, resulting in a basis of 198 CNY, reflecting a rise of 3.34% [2]. - The basis for palm oil is slightly positive at 20 CNY, with a spot price of 8,930 CNY and a futures price of 8,910 CNY, indicating a minor increase of 0.22% [2]. - The price of eggs has decreased significantly, with a spot price of 3,230 CNY and a futures price of 3,484 CNY, resulting in a negative basis of -254 CNY, which is a decline of -7.86% [2].