Report Summary 1. Report Industry Investment Rating No information provided. 2. Core View of the Report The report presents the latest price and basis data of various futures and spot commodities, including ferrous metals, non - ferrous metals, precious metals, agricultural products, and energy chemicals, as well as stock index futures and bond futures, to provide a reference for market participants [1]. 3. Summary by Related Catalogs Ferrous Metals - **Silicon Iron (SF51)**: The spot price is 5758, the futures price is 5786, the basis is - 28, and the basis rate is 0.54%. The historical quantile is 55.30% [1]. - **Silicon Manganese (SM601)**: The spot price is 5970, the futures price is 2038, the basis is 3932, and the basis rate is 31.20% [1]. - **Rebar (RB2601)**: The spot price of HRB400 20mm in Shanghai is 3167, the futures price is 3290, the basis is - 123, and the basis rate is 3.88%. The historical quantile is 56.60% [1]. - **Hot - Rolled Coil (HC2601)**: The spot price of Q235B 4.75mm in Shanghai is 3358, the futures price is 3400, the basis is - 42, and the basis rate is 1.25%. The historical quantile is 36.50% [1]. - **Iron Ore (12601)**: The spot price of 62.5% Brazilian mixed powder (BRBF) at Rizhao Port is 806, the futures price is 853, the basis is - 47, and the basis rate is - 5.51%. The historical quantile is 40.40% [1]. - **Coke (J2601)**: The spot price of quasi - first - grade metallurgical coke at Rizhao Port is 1646, the futures price is 1760, the basis is - 114, and the basis rate is - 6.49%. The historical quantile is 8.35% [1]. - **Coking Coal (JM2601)**: The spot price of S1.3 G75 main coking coal (Meng 5) at Shaheyi is 1235, the futures price is 1185, the basis is 50, and the basis rate is 4.22%. The historical quantile is 15.00% [1]. Non - Ferrous Metals - **Copper (CU2511)**: The SMM electrolytic copper average price is 82505, the futures price is 82710, the basis is - 205, and the basis rate is - 0.25%. The historical quantile is 25.41% [1]. - **Aluminum (AL2511)**: The SMM A00 aluminum average price is 20770, the futures price is 20765, the basis is 5, and the basis rate is 0.02%. The historical quantile is 59.16% [1]. - **Alumina (AO2601)**: The SMM heavy - alumina modulus average price is 3001, the futures price is 2942, the basis is 59, and the basis rate is 2.00%. The historical quantile is 42.95% [1]. - **Zinc (ZN2511)**: The SMM 1 zinc ingot average price is 21800, the futures price is 22045, the basis is - 245, and the basis rate is - 1.11%. The historical quantile is 7.08% [1]. - **Tin (SN2511)**: The SMM 1 tin average price is 273700, the futures price is 273710, the basis is - 10, and the basis rate is 0.00%. The historical quantile is 47.70% [1]. - **Nickel (NISEJI)**: The SMM 1 imported nickel average price is 123225, the futures price is 122990, the basis is 235, and the basis rate is 0.19%. The historical quantile is 70.20% [1]. - **Stainless Steel (SS2511)**: The price of 304/2B:2*1240*C at Wuxi Hongwang (including trimming fee) is 13370, the futures price is 12930, the basis is 440, and the basis rate is 3.40%. The historical quantile is 84.54% [1]. - **Lithium Carbonate (LC2511)**: The SMM battery - grade lithium carbonate average price is 73750, the futures price is 74040, the basis is - 290, and the basis rate is - 0.39%. The historical quantile is 51.10% [1]. - **Industrial Silicon (SI2511)**: The SMM industrial silicon average price is 9500, the futures price is 9055, the basis is 445, and the basis rate is 4.91%. The historical quantile is 32.79% [1]. Precious Metals - **Gold (AU2512)**: The Shanghai Gold Exchange gold spot AU (T + D) price is 854.7, the futures price is 852.0, the basis is 2.7, and the basis rate is 0.32%. The historical quantile is 26.50% [1]. - **Silver (AG2512)**: The Shanghai Gold Exchange silver spot AG (T + D) price is 10411.0, the futures price is 10353.0, the basis is 58.0, and the basis rate is 0.56%. The historical quantile is 26.50% [1]. Agricultural Products - **Soybean Meal (M2601)**: The ex - factory price of ordinary soybean meal in Zhangjiagang, Jiangsu is 2900, the futures price is 2967.0, the basis is - 67.0, and the basis rate is - 2.26%. The historical quantile is 26.50% [1]. - **Soybean Oil (V2601)**: The ex - factory price of grade 4 soybean oil in Zhangjiagang, Jiangsu is 8350, the futures price is 8192.0, the basis is 158.0, and the basis rate is 1.93%. The historical quantile is 31.50% [1]. - **Palm Oil (P2601)**: The delivery price of palm oil at Huangpu Port is 9222.0, the futures price is 9150, the basis is 72.0, and the basis rate is 0.79%. The historical quantile is 6.40% [1]. - **Rapeseed Meal (RM601)**: The ex - factory price of ordinary rapeseed meal in Zhanjiang, Guangdong is 2444.0, the futures price is 2530, the basis is - 86.0, and the basis rate is - 3.40%. The historical quantile is 62.30% [1]. - **Rapeseed Oil (Ol601)**: The ex - factory price of grade 4 rapeseed oil in Nantong, Jiangsu is 10142.0, the futures price is 10330, the basis is - 188.0, and the basis rate is - 1.82%. The historical quantile is 67.70% [1]. - **Corn (C2511)**: The f.o.b. price of corn at Jinzhou Port is 2310, the futures price is 2165.0, the basis is 145.0, and the basis rate is 6.70%. The historical quantile is 96.00% [1]. - **Corn Starch (CS2511)**: The ex - factory price of corn starch in Changchun, Jilin is 2600, the futures price is 2474.0, the basis is 126.0, and the basis rate is 5.09%. The historical quantile is 63.40% [1]. - **Live Hogs (H251)**: The ex - factory price of live hogs (external ternary) in Henan is 12550, the futures price is 12685.0, the basis is - 135.0, and the basis rate is - 1.06%. The historical quantile is 38.50% [1]. - **Eggs (JD2511)**: The average price of eggs in Shijiazhuang, Hebei is 414.0, the futures price is 3490, the basis is 65.0, and the basis rate is 1.86%. The historical quantile is 13.46% [1]. - **Cotton (CF601)**: The arrival price of cotton 3128B in Xinjiang is 15030, the futures price is 13530.0, the basis is 1500.0, and the basis rate is 11.09%. The historical quantile is 94.00% [1]. - **Sugar (SR601)**: The spot price of white sugar at Liuzhou Station is 5890, the futures price is 5485.0, the basis is 405.0, and the basis rate is 7.38%. The historical quantile is 73.30% [1]. - **Apples (AP601)**: The theoretical delivery price of apples is 8600, the futures price is 8446.0, the basis is 154.0, and the basis rate is 1.82%. The historical quantile is 27.40% [1]. - **Red Dates (CJ601)**: The wholesale price of first - grade grey dates in Hebei is 10970.0, the futures price is 9500, the basis is 1470.0, and the basis rate is 15.42%. The historical quantile is 32.50% [1]. Energy Chemicals - **Para - Xylene (PX511)**: The spot price (CFR) of para - xylene at the main port in China, converted to RMB, is 6594.0, the futures price is 6686.8, the basis is - 92.8, and the basis rate is - 1.41%. The historical quantile is 50.90% [1]. - **PTA (TA601)**: The market price (mid - price) of purified terephthalic acid (PTA) in East China is 4530.0, the futures price is 4604.0, the basis is - 74.0, and the basis rate is - 1.61%. The historical quantile is 24.80% [1]. - **Ethylene Glycol (EG2601)**: The market price (mid - price) of ethylene glycol in East China is 4345.0, the futures price is 4257.0, the basis is 88.0, and the basis rate is 2.07%. The historical quantile is 88.60% [1]. - **Polyester Staple Fiber (PF511)**: The market price (mainstream price) of polyester staple fiber (1.4D*38mm (direct - spun)) in the East China market is 6284.0, the futures price is 6425.0, the basis is - 141.0, and the basis rate is - 2.24%. The historical quantile is 76.70% [1]. - **Styrene (EB2511)**: The market price (spot benchmark price) of styrene in East China, China is 7030.0, the futures price is 6992.0, the basis is 38.0, and the basis rate is 0.54%. The historical quantile is 35.10% [1]. - **Methanol (MA601)**: The market price (spot benchmark price) of methanol in Taicang, Jiangsu, China is 2361.0, the futures price is 2250.0, the basis is 111.0, and the basis rate is 4.70%. The historical quantile is 10.80% [1]. - **Urea (UR601)**: The market price (mainstream price) of small - particle urea in Shandong is 1640.0, the futures price is 1661.0, the basis is - 21.0, and the basis rate is - 1.28%. The historical quantile is 8.20% [1]. - **LLDPE (L2601)**: The duty - paid self - pick - up price (mid - price) of linear low - density polyethylene LLDPE (film grade) in Shandong is 7190.0, the futures price is 7169.0, the basis is 21.0, and the basis rate is 0.29%. The historical quantile is 28.30% [1]. - **PP (PP2601)**: The duty - paid self - pick - up price (mid - price) of polypropylene PP (wire - drawing grade, melt index 2 - 4) in Zhejiang is 6860.0, the futures price is 6914.0, the basis is - 54.0, and the basis rate is - 0.79%. The historical quantile is 11.90% [1]. - **PVC (V2601)**: The market price (mainstream price) of polyvinyl chloride (SG - 5) in the Changzhou market, China is 4780.0, the futures price is 4950.0, the basis is - 170.0, and the basis rate is - 3.43%. The historical quantile is 34.10% [1]. - **Caustic Soda (SH601)**: The market price (mainstream price) of caustic soda (32% ion - membrane caustic soda) in Shandong, converted to 100%, is 2641.0, the futures price is 2500.0, the basis is 141.0, and the basis rate is 5.64%. The historical quantile is 29.40% [1]. - **LPG (PG2511)**: The market price of liquefied petroleum gas in Guangzhou is 4548.0, the futures price is 4360.0, the basis is 188.0, and the basis rate is 4.31%. The historical quantile is 42.10% [1]. - **Asphalt (BU2511)**: The market price (mainstream price) of asphalt (heavy - traffic asphalt) in Shandong is 3520.0, the futures price is 3421.0, the basis is 99.0, and the basis rate is 2.81%. The historical quantile is 71.80% [1]. - **Butadiene Rubber (BR2511)**: The Chinese distribution price of cis - butadiene rubber (Daqing, BR9000) in North China is 11445.0, the futures price is 11700.0, the basis is - 255.0, and the basis rate is - 2.23%. The historical quantile is 56.80% [1]. - **Glass (FG601)**: The market price of 5mm large - plate float glass in Shahe is 1128.0, the futures price is 1270.0, the basis is - 142.0, and the basis rate is - 11.18%. The historical quantile is 16.94% [1]. - **Soda Ash (SA601)**: The market price of heavy - soda ash in Shahe is 1225.0, the futures price is 1315.0, the basis is - 90.0, and the basis rate is - 6.86%. The historical quantile is 10.04% [1

Report Information - Report Title: All-variety Spread Daily Report [2] - Date: September 15, 2025 [2] - Data Sources: Wind, Mysteel, GF Futures Research Institute [3] Industry Investment Rating - Not provided Core View - Not provided Summary by Commodity Categories Ferrous Metals - **Silicon Iron (SF51)**: Spot price 5658, futures price 5608, basis 50, basis rate 0.89%, historical quantile 62.90% [1] - **Silicon Manganese (SM601)**: Spot price 5920, futures price 5832, basis 88, basis rate 1.51%, historical quantile 41.50% [1] - **Rebar (RB2601)**: Spot price 3400, futures price 3364, basis 36, basis rate 1.07%, historical quantile 33.60% [1] - **Hot Rolled Coil (HC2601)**: Spot price 3364, basis rate 33.10% [1] - **Iron Ore (I2601)**: Spot price 1626, futures price 1570, basis -55, basis rate -3.4%, historical quantile 31.54% [1] - **Coke (J2601)**: Spot price 1626, futures price 1570, basis -55, basis rate -3.4%, historical quantile 31.54% [1] - **Coking Coal (JM2601)**: Spot price 1145, futures price 1099, basis -46, basis rate -3.98%, historical quantile 15.80% [1] Non-ferrous Metals - **Copper (CU2510)**: Spot price 81060, futures price 80755, basis 305, basis rate 0.38%, historical quantile 18.33% [1] - **Aluminum (AL2510)**: Spot price 21120, futures price 21020, basis -100, basis rate -0.47%, historical quantile 20.83% [1] - **Alumina (AO2601)**: Spot price 2914, futures price 3077, basis -163, basis rate -5.61%, historical quantile 70.70% [1] - **Zinc (ZN2510)**: Spot price 22305, futures price 22160, basis -145, basis rate -0.65%, historical quantile 20.62% [1] - **Tin (SN2510)**: Spot price 250, futures price 250, basis 0, basis rate -0.02%, historical quantile 45.41% [1] - **Nickel (NI2510)**: Spot price 122050, futures price 121980, basis 70, basis rate 0.06%, historical quantile 58.54% [1] - **Stainless Steel (SS2511)**: Spot price 13320, futures price 12950, basis 370, basis rate 2.86%, historical quantile 74.03% [1] Precious Metals - **Gold (AU2510)**: Spot price 830.3, futures price 834.2, basis -3.9, basis rate -0.47%, historical quantile 13.10% [1] - **Silver (AG2510)**: Spot price 10035.0, futures price 10034.0, basis -1.0, basis rate -0.01%, historical quantile 83.00% [1] Agricultural Products - **Soybean Meal (M2601)**: Spot price 3079.0, futures price 2980, basis -99.0, basis rate -3.22%, historical quantile 20.40% [1] - **Soybean Oil (Y2601)**: Spot price 8460, futures price 8322.0, basis 138.0, basis rate 1.66%, historical quantile 26.20% [1] - **Palm Oil (P2601)**: Spot price 9280, futures price 9296.0, basis -16.0, basis rate -0.17%, historical quantile 14.90% [1] - **Rapeseed Meal (RM601)**: Spot price 2620, futures price 2531.0, basis 89.0, basis rate 3.52%, historical quantile 62.00% [1] - **Rapeseed Oil (OI601)**: Spot price 10130, futures price 9857.0, basis 273.0, basis rate 2.77%, historical quantile 76.20% [1] - **Corn (C2511)**: Spot price 2310, futures price 2197.0, basis 113.0, basis rate 5.14%, historical quantile 92.30% [1] - **Corn Starch (CS2511)**: Spot price 2600, futures price 2474.0, basis 126.0, basis rate 5.09%, historical quantile 63.80% [1] - **Live Hogs (LH251)**: Spot price 13450, futures price 13255.0, basis 195.0, basis rate 1.47%, historical quantile 45.40% [1] - **Eggs (JD2511)**: Spot price 3440, futures price 3040.0, basis 400.0, basis rate 13.16%, historical quantile 61.60% [1] - **Cotton (CF601)**: Spot price 15182, futures price 13860.0, basis 1322.0, basis rate 9.54%, historical quantile 88.30% [1] - **Sugar (SR601)**: Spot price 5970, futures price 5540.0, basis 430.0, basis rate 7.76%, historical quantile 77.40% [1] - **Apples (AP601)**: Spot price 8600, futures price 8329.0, basis 271.0, basis rate 3.25%, historical quantile 32.50% [1] - **Red Dates (CJ601)**: Spot price 8300, futures price 11155.0, basis -2855.0, basis rate -25.59%, historical quantile 7.20% [1] Energy and Chemicals - **Paraxylene (PX511)**: Spot price 6810.5, futures price 6712.0, basis 98.5, basis rate 1.47%, historical quantile 52.10% [1] - **PTA (TA601)**: Spot price 4565.0, futures price 4648.0, basis -83.0, basis rate -1.79%, historical quantile 21.70% [1] - **Ethylene Glycol (EG2601)**: Spot price 4405.0, futures price 4272.0, basis 133.0, basis rate 3.11%, historical quantile 92.80% [1] - **Polyester Staple Fiber (PF511)**: Spot price 6440.0, futures price 6332.0, basis 108.0, basis rate 1.71%, historical quantile 70.50% [1] - **Styrene (EB2510)**: Spot price 7125.0, futures price 7020.0, basis 105.0, basis rate 1.50%, historical quantile 50.60% [1] - **Methanol (MA601)**: Spot price 2287.5, futures price 2379.0, basis -91.5, basis rate -3.85%, historical quantile 14.90% [1] - **Urea (UR601)**: Spot price 1660.0, futures price 1663.0, basis -3.0, basis rate -0.18%, historical quantile 12.20% [1] - **LLDPE (L2601)**: Spot price 7190.0, futures price 7169.0, basis 21.0, basis rate 0.29%, historical quantile 28.10% [1] - **PP (PP2601)**: Spot price 6900.0, futures price 6913.0, basis -13.0, basis rate -0.19%, historical quantile 20.00% [1] - **PVC (V2601)**: Spot price 4680.0, futures price 4876.0, basis -196.0, basis rate -4.02%, historical quantile 29.00% [1] - **Caustic Soda (SH601)**: Spot price 2718.8, futures price 2560.0, basis 158.8, basis rate 5.11%, historical quantile 74.50% [1] - **LPG (PG2510)**: Spot price 4448.0, futures price 4449.0, basis -1.0, basis rate -0.02%, historical quantile 30.30% [1] - **Asphalt (BU2511)**: Spot price 3540.0, futures price 3368.0, basis 172.0, basis rate 5.11%, historical quantile 79.80% [1] - **Butadiene Rubber (BR2510)**: Spot price 11900.0, futures price 11615.0, basis 285.0, basis rate 2.45%, historical quantile 59.80% [1] - **Glass (FG601)**: Spot price 1290.0, futures price 1072.0, basis 218.0, basis rate 17.20%, historical quantile 28.57% [1] - **Soda Ash (SA601)**: Spot price 1200.0, futures price 1290.0, basis -90.0, basis rate -7.50%, historical quantile 9.66% [1] - **Natural Rubber (RU2601)**: Spot price 15820.0, futures price 14950.0, basis -870.0, basis rate -5.82%, historical quantile 40.33% [1] Financial Futures - **IF2509.CFE**: Spot price 4523.2, futures price 4522.0, basis 1.2, basis rate 0.03%, historical quantile 66.30% [1] - **IH2509.CFE**: Spot price 2968.5, futures price 2968.6, basis -0.1, basis rate -0.00%, historical quantile 57.30% [1] - **IC2509.CFE**: Spot price 7147.7, futures price 7140.0, basis 7.7, basis rate 0.11%, historical quantile 72.40% [1] - **IM2509.CFE**: Spot price 7422.9, futures price 7392.8, basis -30.1, basis rate -0.41%, historical quantile 48.50% [1] - **2-Year Treasury Bond (TS2512)**: Spot price 102.36, futures price 99.93, basis 0.06, basis rate 0.06%, historical quantile 36.10% [1] - **5-Year Treasury Bond (TF2512)**: Spot price 107.68, futures price 105.58, basis 0.43, basis rate 0.40%, historical quantile 65.10% [1] - **10-Year Treasury Bond (T2512)**: Spot price 106.10, futures price 106.10, basis 0.00, basis rate 0.00%, historical quantile 79.70% [1] - **30-Year Treasury Bond (TL2512)**: Spot price 130.35, futures price 115.16, basis 0.56, basis rate 0.48%, historical quantile 79.70% [1]

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core View of the Report The report presents the basis, basis rate, spot reference, spot price, futures price, historical quantile, and other data of various commodities on September 1, 2025, including ferrous metals, non - ferrous metals, precious metals, agricultural products, and energy chemicals, as well as stock index futures and bond futures [1][3]. 3. Summary by Commodity Categories Ferrous Metals - **Silicon Iron (SF51)**: The basis is 112, the basis rate is 2.01%, the spot price is 5678, and the futures price is 5566 [1]. - **Silicon Manganese (SM601)**: The basis information for the 6517 silicon - manganese (Inner Mongolia - Hubei warehouse receipt) shows a spot price of 5970 and a futures - related rate of 56.10% [1]. - **Rebar (RB2601)**: The basis is 180, the basis rate is 5.83%, the spot price is 3270, and the futures price is 3090 [1]. - **Hot - Rolled Coil (HC2601)**: The spot price is 3380, with a change rate of 1.02% [1]. - **Iron Ore (I2601)**: The basis is - 8, the basis rate is - 0.49%, the spot price is 1635, and the futures price is 1643 [1]. - **Coke (J2601)**: Information about the quasi - first - grade metallurgical coke (A13, S0.7, CSR60, MT7) at Rizhao Port is presented [1]. - **Coking Coal (JM2601)**: The basis is - 6, the basis rate is - 0.52%, the spot price is 1145, and the futures price is 1151 [1]. Non - Ferrous Metals - **Copper (CU2510)**: The basis is - 20, the basis rate is - 0.03%, the spot price is 79390, and the futures price is 79410 [1]. - **Aluminum (AL2510)**: The basis is - 10, the basis rate is - 0.05%, the spot price is 20730, and the futures price is 20740 [1]. - **Zinc (ZN2510)**: The basis is - 30, the basis rate is - 0.90%, the spot price is 22140 [1]. - **Tin (SN2510)**: The basis is - 5750, the basis rate is - 2.06%, the spot price is 272900, and the futures price is 278650 [1]. - **Nickel (NI2510)**: The basis is - 100, the basis rate is - 0.08%, the spot price is 121600, and the futures price is 121700 [1]. - **Stainless Steel (SS2510)**: The basis is 455, the basis rate is 3.55%, the spot price is 13270, and the futures price is 12815 [1]. Precious Metals - **Gold (AU2510)**: The basis is - 3.4, the basis rate is - 0.44%, the spot price is 781.7, and the futures price is 785.1 [1]. - **Silver (AG2510)**: The basis is - 21.0, the basis rate is - 0.22%, the spot price is 9365.0, and the futures price is 9386.0 [1]. Agricultural Products - **Soybean Meal (M2601)**: The basis is - 75.0, the basis rate is - 2.45%, the spot price is 2980, and the futures price is 3055.0 [1]. - **Soybean Oil (Y2601)**: The basis is 132.0, the basis rate is 1.58%, the spot price is 8490, and the futures price is 8358.0 [1]. - **Palm Oil (P2601)**: The basis is - 36.0, the basis rate is - 0.39%, the spot price is 9280, and the futures price is 9316.0 [1]. - **Rapeseed Meal (RM601)**: The basis is 57.0, the basis rate is 2.27%, the spot price is 2570, and the futures price is 2513.0 [1]. - **Rapeseed Oil (Ol601)**: The basis is 81.0, the basis rate is 0.83%, the spot price is 9870, and the futures price is 9789.0 [1]. - **Corn (C2511)**: The basis is 79.0, the basis rate is 3.61%, the spot price is 2270, and the futures price is 2191.0 [1]. - **Corn Starch (CS2511)**: The basis is 159.0, the basis rate is 6.36%, the spot price is 2660, and the futures price is 2501.0 [1]. - **Live Pigs (H251)**: The basis is 195.0, the basis rate is 1.44%, the spot price is 13750, and the futures price is 13555.0 [1]. - **Eggs (JD2510)**: The basis is 331.0, the basis rate is 11.26%, the spot price is 3270, and the futures price is 2939.0 [1]. - **Cotton (CF601)**: The basis is 1003.0, the basis rate is 7.04%, the spot price is 15243, and the futures price is 14240.0 [1]. - **Sugar (SR601)**: The basis is 396.0, the basis rate is 7.07%, the spot price is 6000, and the futures price is 5604.0 [1]. - **Apples (AP510)**: The basis is 212.0, the basis rate is 2.53%, the spot price is 8600 [1]. - **Red Dates (CJ601)**: The basis is - 3210.0, the basis rate is - 27.89%, the spot price is 8300, and the futures price is 11510.0 [1]. Energy Chemicals - **Paraxylene (PX511)**: The basis is 96.7, the basis rate is 1.40%, the spot price is 6982.7, and the futures price is 6886.0 [1]. - **PTA (TA601)**: The basis is - 22.0, the basis rate is - 0.46%, the spot price is 4770.0, and the futures price is 4792.0 [1]. - **Ethylene Glycol (EG2601)**: The basis is 65.0, the basis rate is 1.46%, the spot price is 4530.0, and the futures price is 4465.0 [1]. - **Polyester Staple Fiber (PF510)**: The basis is 29.0, the basis rate is 0.44%, the spot price is 6555.0, and the futures price is 6526.0 [1]. - **Styrene (EB2510)**: The basis is 21.0, the basis rate is 0.29%, the spot price is 7185.0, and the futures price is 7164.0 [1]. - **Methanol (MA601)**: The basis is - 143.0, the basis rate is - 6.0%, the spot price is 2230.0, and the futures price is 2373.0 [1]. - **Urea (UR601)**: The basis is - 43.0, the basis rate is 4.20%, the spot price is 1710.0, and the futures price is 1753.0 [1]. - **LLDPE (L2601)**: The basis is - 43.0, the basis rate is - 0.58%, the spot price is 7315.0, and the futures price is 7358.0 [1]. - **PP (PP2601)**: The basis is 30.0, the basis rate is 0.43%, the spot price is 7050.0, and the futures price is 7020.0 [1]. - **PVC (V2601)**: The basis is - 246.0, the basis rate is - 4.97%, the spot price is 4700.0, and the futures price is 4946.0 [1]. - **Caustic Soda (SH601)**: The basis is 26.8, the basis rate is 0.99%, the spot price is 2718.8 [1]. - **LPG (PG2510)**: The basis is 199.0, the basis rate is 4.51%, the spot price is 4608.0, and the futures price is 4409.0 [1]. - **Asphalt (BU2510)**: The basis is - 7.0, the basis rate is - 0.20%, the spot price is 3510.0, and the futures price is 3517.0 [1]. - **Butadiene Rubber (BR2510)**: The basis is 120.0, the basis rate is 1.00%, the spot price is 12100.0, and the futures price is 11980.0 [1]. - **Glass (FG601)**: The basis is - 142.0, the basis rate is - 13.65%, the spot price is 1040.0, and the futures price is 1200.0 [1]. - **Soda Ash (SA601)**: The basis is - 96.0, the basis rate is - 8.00%, the spot price is 1200.0, and the futures price is 1296.0 [1]. - **Natural Rubber (RU2601)**: The basis is - 960.0, the basis rate is - 6.44%, the spot price is 14900.0, and the futures price is 15860.0 [1]. Stock Index Futures and Bond Futures - **IF2509**: The basis is 9.4, the basis rate is 0.21%, the spot price is 4496.8, and the futures price is 4506.2 [1]. - **IH2509**: The basis is 3.5, the basis rate is 0.12%, the spot price is 2976.5, and the futures price is 2980.0 [1]. - **IC2509**: The basis is - 47.1, the basis rate is - 0.67%, the spot price is 7043.9, and the futures price is 6996.8 [1]. - **IM2509**: The basis is - 72.1, the basis rate is - 0.98%, the spot price is 7438.7, and the futures price is 7366.6 [1]. - **TS2512**: The basis is - 0.04, the basis rate is - 0.04%, the spot price is 99.97, and the futures price is 102.42 [1]. - **TF2512**: The basis is 0.05, the basis rate is 0.05%, the spot price is 99.29, and the futures price is 105.52 [1]. - **T2512**: The basis is 0.44, the basis rate is 0.41%, the spot price is 106.25, and the futures price is 107.82 [1]. - **TL2512**: The basis is 0.72, the basis rate is 0.61%, the spot price is 132.09, and the futures price is 116.56 [1].

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core View of the Report The report presents the latest data on the basis, basis rate, historical quantile, spot price, futures price, and spot reference for various commodities across multiple sectors including ferrous metals, non - ferrous metals, precious metals, agricultural products, and energy chemicals on August 27, 2025. It also includes data on stock index futures and bond futures [1]. 3. Summary by Commodity Sectors Ferrous Metals - **Silicon Iron (SF51)**: Futures price is 5698, basis is 158, basis rate is 2.70%, historical quantile is 52.80%, and spot price is 6020 [1]. - **Silicon Manganese (SM601)**: Futures price is 5862, with relevant spot price and other data provided [1]. - **Rebar (RB2510)**: Futures price is 3113, basis is 187, basis rate is 6.01%, historical quantile is 70.10%, and spot price is 3300 [1]. - **Hot - Rolled Coil (HC2510)**: Futures price is 3400, basis is 33, basis rate is 0.98%, historical quantile is 31.70%, and spot price is 3367 [1]. - **Iron Ore (12601)**: Futures price has a change of - 2.0996, basis is - 35, basis rate is - 2.0996%, historical quantile is 40.85%, and spot price is 1681 [1]. - **Coke (J2601)**: Relevant data on basis, basis rate, historical quantile, and spot price are presented [1]. - **Coking Coal (JM2601)**: Futures price is 1145, basis is - 16, basis rate is - 1.34%, historical quantile is 21.70%, and spot price is 1161 [1]. Non - Ferrous Metals - **Copper (CU2510)**: Futures price is 79190, basis is 130, basis rate is 0.50%, historical quantile is 81.66%, and spot price is 79585 [1]. - **Aluminum (AL2510)**: Futures price is 20715, basis is 0, basis rate is 0.31%, historical quantile is 68.75%, and spot price is 20780 [1]. - **Alumina (AO2601)**: Futures price is 168, basis and other relevant data are provided [1]. - **Zinc (ZN2510)**: Futures price is 22210, basis is - 60, basis rate is - 0.27%, historical quantile is 40.41%, and spot price is 22270 [1]. - **Tin (SN2510)**: Futures price is 269420, basis is 580, basis rate is 0.22%, historical quantile is 64.37%, and spot price is 270000 [1]. - **Nickel (NISE10)**: Futures price is 120550, basis is 180, basis rate is 0.15%, historical quantile is 66.45%, and spot price is 120370 [1]. - **Stainless Steel (SS2510)**: Futures price and relevant data are presented [1]. - **Lithium Carbonate (LC2511)**: Futures price is 81700, basis and other relevant data are provided [1]. - **Industrial Silicon (SI2511)**: Futures price is 9350, basis and other relevant data are provided [1]. Precious Metals - **Gold (AU2510)**: Futures price is 781.1, basis is - 4.3, basis rate is - 0.55%, historical quantile is 9.20%, and spot price is 776.8 [1]. - **Silver (AG2510)**: Futures price is 9354.0, basis is - 43.0, basis rate is - 0.46%, historical quantile is 10.50%, and spot price is 9311.0 [1]. Agricultural Products - **Soybean Meal (M2601)**: Futures price is 3000, basis is 81, basis rate is 2.63%, historical quantile is 22.60%, and spot price is 3081 [1]. - **Soybean Oil (V2601)**: Futures price is 8456.0, basis and other relevant data are provided [1]. - **Palm Oil (P2601)**: Futures price is 9500.0, basis is - 20, basis rate is - 0.21%, historical quantile is 12.90%, and spot price is 9480 [1]. - **Rapeseed Meal (RM601)**: Futures price is 2526.0, basis is 44, basis rate is 1.74%, historical quantile is 52.80%, and spot price is 2570 [1]. - **Rapeseed Oil (Ol601)**: Futures price is 9821.0, basis is 209, basis rate is 2.13%, historical quantile is 69.30%, and spot price is 10030 [1]. - **Corn (C2511)**: Futures price is 2158.0, basis is 102, basis rate is 4.73%, historical quantile is 90.30%, and spot price is 2260 [1]. - **Corn Starch (CS2511)**: Futures price is 2475.0, basis is 185, basis rate is 7.47%, historical quantile is 83.90%, and spot price is 2660 [1]. - **Live Hogs (H2511)**: Futures price and relevant data are presented [1]. - **Eggs (JD2510)**: Futures price is 3270, basis is 257, basis rate is 8.53%, historical quantile is 52.70%, and spot price is 3013 [1]. - **Cotton (CF601)**: Futures price is 14100.0, basis is 1135, basis rate is 8.05%, historical quantile is 76.70%, and spot price is 15235 [1]. - **Sugar (SR601)**: Futures price is 5632.0, basis is 398, basis rate is 7.07%, historical quantile is 39.20%, and spot price is 6030 [1]. - **Apples (AP510)**: Futures price is 8600, basis is 476, basis rate is 5.86%, historical quantile is 73.90%, and spot price is 8124 [1]. - **Red Dates (CJ601)**: Futures price is 11410.0, basis is - 3110, basis rate is - 27.26%, historical quantile is 4.90%, and spot price is 8300 [1]. Energy Chemicals - **Para - Xylene (PX511)**: Futures price is 6994.0, basis is 103.4, basis rate is 1.48%, historical quantile is 54.60%, and spot price is 7097.4 [1]. - **PTA (TA601)**: Futures price is 4870.0, basis is - 10, basis rate is - 0.21%, historical quantile is 48.60%, and spot price is 4860 [1]. - **Ethylene Glycol (EG2601)**: Futures price is 4490.0, basis is 55, basis rate is 1.22%, historical quantile is 80.20%, and spot price is 4545 [1]. - **Polyester Staple Fiber (PF510)**: Futures price and relevant data are presented [1]. - **Styrene (EB2510)**: Futures price is 7257.0, basis is 68, basis rate is 0.94%, historical quantile is 41.70%, and spot price is 7325 [1]. - **Methanol (MA601)**: Futures price is 2395.0, basis is - 122.5, basis rate is - 5.11%, historical quantile is 7.50%, and spot price is 2272.5 [1]. - **Urea (UR601)**: Futures price is 1737.0, basis is - 37, basis rate is - 2.13%, historical quantile is 5.10%, and spot price is 1700 [1]. - **LLDPE (L2601)**: Futures price is 7402.0, basis is - 77, basis rate is - 1.04%, historical quantile is 5.70%, and spot price is 7325 [1]. - **PP (PP2601)**: Futures price is 7055.0, basis is 9, basis rate is 0.13%, historical quantile is 24.60%, and spot price is 7046 [1]. - **PVC (V2601)**: Futures price is 4999.0, basis is - 239, basis rate is - 4.78%, historical quantile is 20.20%, and spot price is 4760 [1]. - **Caustic Soda (SH601)**: Futures price is 2703.0, basis is - 15.5, basis rate is - 0.57%, historical quantile is 45.80%, and spot price is 2687.5 [1]. - **LPG (PG2510)**: Futures price is 4435.0, basis is 123, basis rate is 2.77%, historical quantile is 37.80%, and spot price is 4558 [1]. - **Asphalt (BU2510)**: Futures price is 3523.0, basis is 17, basis rate is 0.48%, historical quantile is 55.90%, and spot price is 3540 [1]. - **Butadiene Rubber (BR2510)**: Futures price is 11845.0, basis is 255, basis rate is 2.15%, historical quantile is 56.60%, and spot price is 12100 [1]. - **Glass (FG601)**: Futures price and relevant data are presented [1]. - **Soda Ash (SA601)**: Futures price is 1311.0, basis is - 106, basis rate is - 8.80%, historical quantile is 5.88%, and spot price is 1205 [1]. - **Natural Rubber (RU2601)**: Futures price is 14950.0, basis is - 935, basis rate is - 6.25%, historical quantile is 34.58%, and spot price is 15885 [1]. Stock Index Futures and Bond Futures - **IF2509.CFF**: Futures price is 4449.0, basis is - 3.6, basis rate is - 0.08%, historical quantile is 52.20%, and spot price is 4452.6 [1]. - **IH2509.CFE**: Futures price and relevant data are presented [1]. - **IC2509.CFE**: Futures price is 6964.1, basis is - 47.7, basis rate is - 0.69%, historical quantile is 21.00%, and spot price is 6916.4 [1]. - **IM2509.CFE**: Futures price is 7415.4, basis is - 61.1, basis rate is - 0.82%, historical quantile is 70.60%, and spot price is 7476.5 [1]. - **2 - year Bond (TS2512)**: Futures price is 102.38, basis and other relevant data are provided [1]. - **5 - year Bond (TF2512)**: Futures price is 105.52, basis and other relevant data are provided [1]. - **10 - year Bond (T2512)**: Futures price is 107.94, basis and other relevant data are provided [1]. - **30 - year Bond (TL2512)**: Futures price is 117.12, basis and other relevant data are provided [1].