| | 化工 | | | 黑色金属 | | 有色金属 | | | | 胡腊酒栽 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 橡胶 rum | | 20号胶 nrm | 螺纹钢 rbm | | 铁矿石 im | 氧化铝 aom 铝合金 adm 碳酸锂 lcm | | | ə qalında qal | sales bin | | 15905.00 -0.44% | | | | | 779.0 -0.19% | 3074.0 | | 80140.0 | | | | | | 12775.00 -0.51% | 3120.00 -0.19% | | | 20430.0 -1.76% | 0.71% | 1.39% | 3951.00 | 3738.00 | | | | | | | | | | | -0.93% | -1.99% | | 合成橡胶 brm 11875.0 -0.88% | | 纯本 bzm 6155.0 -0.65% | 热卷 hcm | 不锈钢 ssm | 锰硅 SMm | | | | | | | | ...

1 敬请参阅文后的免责声明 期市有风险投资须谨慎 交易提示 交易提示 交易咨询：0571-85165192，85058093 2025 年 8 月 27 日星期三 16519 新世纪期货交易提示（2025-8-27） | | | | 铁矿：铁矿基本面矛盾不突出，鲍威尔释放降息信号，大宗商品受到支撑。 | | --- | --- | --- | --- | | | | | 国内高炉限产预期被阶段性证伪，铁矿需求影响不大，资金层面博弈加剧。 | | | | | 产业层面，铁矿全球发运环比小幅下滑，但目前在高疏港的情况下亦无明 | | | 铁矿石 | 反弹 | 显累库压力。终端需求偏弱，高炉铁水小幅攀升，钢厂盈利比例处于高位， | | | | | 现阶段钢厂主动减产动力不足。8 月下旬北方地区也有减产预期，但限产 | | | | | 力度不及预期，短期铁矿石基本面矛盾有限，预计震荡运行。 | | | | | 煤焦：受福建大田煤矿事故影响，以及反内卷初见成效，煤焦大幅拉涨后 | | | | | 有所回调。产地煤矿整体恢复依然缓慢，煤矿精煤库存创 2024 年 3 月以 | | | | | 来最低。与此同时，下游焦钢企 ...

人民财讯8月27日电，国内商品期货开盘，燃料油、焦煤、原油跌超2%，菜籽粕、氧化铝、焦炭、豆 二、工业硅、豆粕、烧碱、LU燃油、纸浆、甲醇跌超1%。沪镍涨超1%。 ...

农产品期权 2025-08-26 农产品期权策略早报 | 卢品先 | 投研经理 | 从业资格号：F3047321 | 交易咨询号：Z0015541 | 邮箱：lupx@wkqh.cn | | --- | --- | --- | --- | --- | | 黄柯涵 | 期权研究员 | 从业资格号：F03138607 | 电话：0755-23375252 | 邮箱：huangkh@wkqh.cn | | 李仁君 | 产业服务 | 从业资格号：F03090207 | 交易咨询号：Z0016947 | 邮箱：lirj@wkqh.cn | 农产品期权策略早报概要：油料油脂类农产品偏弱震荡，油脂类，农副产品维持震荡行情，软商品白糖小幅震荡， 棉花弱势盘整，谷物类玉米和淀粉弱势窄幅盘整。 策略上：构建卖方为主的期权组合策略以及现货套保或备兑策略增强收益。 表1：标的期货市场概况 | 期权品种 | 标的合约 | 最新价 | 涨跌 | 涨跌幅 | 成交量 | 量变化 | 持仓量 | 仓变化 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | （ ...

交易提示 交易咨询：0571-85165192，85058093 2025 年 8 月 26 日星期二 16519 新世纪期货交易提示（2025-8-26） | | | | 铁矿：短期制造业复苏被打断，ZZJ 会议不及预期，鲍威尔释放降息信号， | | --- | --- | --- | --- | | | | | 大宗商品受到支撑。国内高炉限产预期被阶段性证伪，铁矿需求影响不大， | | | | | 资金层面博弈加剧。产业层面，铁矿全球发运环比大幅回升，到港量环比 | | | 铁矿石 | 反弹 | 回升，但目前在高疏港的情况下亦无明显累库压力。终端需求偏弱，高炉 | | | | | 铁水小幅攀升，钢厂盈利比例处于高位，现阶段钢厂主动减产动力不足。 | | | | | 8 月下旬北方地区也有减产预期，但限产力度不及预期，短期铁矿石基本 | | | | | 面矛盾有限，预计震荡运行。 | | | | | 煤焦：受福建大田煤矿事故影响，以及反内卷初见成效，煤焦夜盘大幅拉 | | | | | 涨。产地煤矿整体恢复依然缓慢，上周煤矿精煤库存创 2024 年 3 月以来 | | | 煤焦 | 震荡偏强 | 最低。与此同 ...

| 商品 | | 动力煤 | （元/吨） | | | --- | --- | --- | --- | --- | | 日期 | 基差 | 5月-1月 | 9月-1月 | 9月-5月 | | 2025/08/22 | -97.4 | 0.0 | 0.0 | 0.0 | | 2025/08/21 | -97.4 | 0.0 | 0.0 | 0.0 | | 2025/08/20 | -97.4 | 0.0 | 0.0 | 0.0 | | 2025/08/19 | -99.4 | 0.0 | 0.0 | 0.0 | | 2025/08/18 | -100.4 | 0.0 | 0.0 | 0.0 | 运筹帷幄 决胜千里 宝城期货品种套利数据日报（2025 年 8 月 25 日） 一、动力煤 投资咨询业务资格：证监许可【2011】1778 号 二、能源化工 www.bcqhgs.com 2 杭州市求是路8号公元大厦东南裙楼1-5层 www.bcqhgs.com 1 杭州市求是路8号公元大厦东南裙楼1-5层 运筹帷幄 决胜千里 2025/08/22 2025/08/21 2025/08/20 2025/08/19 2025 ...

Report Industry Investment Rating - Not provided in the content Core View of the Report - The report presents the daily arbitrage data of various futures varieties of Baocheng Futures on August 22, 2025, including power coal, energy chemicals, black metals, non - ferrous metals, agricultural products, and stock index futures [1][5][21][27][39][50] Summary by Category Power Coal - The table shows the basis and spreads (5 - 1 month, 9 - 1 month, 9 - 5 month) of power coal from August 15 to August 21, 2025. The basis on August 21 was - 97.4 yuan/ton, and the spreads were all 0.0 [1][2] Energy and Chemicals Energy Commodities - Data on the basis of energy commodities (fuel oil, INE crude oil, crude oil/asphalt) from August 15 to August 21, 2025 are provided, along with the ratio of crude oil to asphalt and other information [7] Chemical Commodities - The basis data of chemical commodities (rubber, methanol, PTA, LLDPE, V, PP) from August 15 to August 21, 2025 are presented. For example, the basis of rubber on August 21 was - 920 yuan/ton [9] - The table shows the inter - period spreads (5 - 1 month, 9 - 1 month, 9 - 5 month) of chemical commodities (rubber, methanol, PTA, LLDPE, PVC, PP, ethylene glycol) and inter - variety spreads (LLDPE - PVC, LLDPE - PP, PP - PVC, PP - 3*methanol) from August 15 to August 21, 2025 [11] Black Metals - The basis data of black metals (rebar, iron ore, coke, coking coal) from August 15 to August 21, 2025 are given. For instance, the basis of rebar on August 21 was 199.0 yuan/ton [21] - The inter - period spreads (5 - 1 month, 9(10) - 1 month, 9(10) - 5 month) and inter - variety spreads (rebar/iron ore, rebar/coke, coke/coking coal, rebar - hot - rolled coil) of black metals are presented [20] Non - Ferrous Metals Domestic Market - The domestic basis data of non - ferrous metals (copper, aluminum, zinc, lead, nickel, tin) from August 15 to August 21, 2025 are shown. For example, the basis of copper on August 21 was 220 yuan/ton [28] London Market - Data on LME non - ferrous metals (copper, aluminum, zinc, lead, nickel, tin) on August 21, 2025 are provided, including LME premium/discount, Shanghai - London ratio, CIF, domestic spot price, and import profit and loss [34] Agricultural Products - The basis data of agricultural products (soybean No.1, soybean No.2, soybean meal, soybean oil, corn, etc.) from August 15 to August 21, 2025 are presented [39] - The inter - period spreads (5 - 1 month, 9 - 1 month, 9 - 5 month) of agricultural products (soybean No.1, soybean No.2, soybean meal, soybean oil, rapeseed meal, etc.) are shown [39] - The inter - variety spreads (soybean No.1/corn, soybean No.2/corn, soybean oil/soybean meal, soybean meal - rapeseed meal, etc.) of agricultural products from August 15 to August 21, 2025 are provided [39] Stock Index Futures - The basis data of stock index futures (CSI 300, SSE 50, CSI 500, CSI 1000) from August 15 to August 21, 2025 are given. For example, the basis of CSI 300 on August 21 was 5.87 [51] - The inter - period spreads (next month - current month, next quarter - current quarter) of stock index futures are presented [53]

农产品期权 2025-08-22 农产品期权策略早报 | 卢品先 | 投研经理 | 从业资格号：F3047321 | 交易咨询号：Z0015541 | 邮箱：lupx@wkqh.cn | | --- | --- | --- | --- | --- | | 黄柯涵 | 期权研究员 | 从业资格号：F03138607 | 电话：0755-23375252 | 邮箱：huangkh@wkqh.cn | | 李仁君 | 产业服务 | 从业资格号：F03090207 | 交易咨询号：Z0016947 | 邮箱：lirj@wkqh.cn | 农产品期权策略早报概要：油料油脂类农产品偏弱震荡，油脂类，农副产品维持震荡行情，软商品白糖小幅震荡， 棉花弱势盘整，谷物类玉米和淀粉弱势窄幅盘整。 策略上：构建卖方为主的期权组合策略以及现货套保或备兑策略增强收益。 表1：标的期货市场概况 | 期权品种 | 标的合约 | 最新价 | 涨跌 | 涨跌幅 | 成交量 | 量变化 | 持仓量 | 仓变化 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | （ ...

交易提示 交易咨询：0571-85165192，85058093 2025 年 8 月 22 日星期五 16519 新世纪期货交易提示（2025-8-22） | | | | 铁矿：短期制造业复苏被打断，ZZJ 会议不及预期，国内供给政策预期被 | | --- | --- | --- | --- | | | | | 阶段性证伪，资金层面博弈加剧，预期偏差带来行情修复。产业层面，铁 | | | | | 矿全球发运环比大幅回升，到港量环比回升，但目前在高疏港的情况下亦 | | | 铁矿石 | 震荡偏弱 | 无明显累库压力。终端需求偏弱，高炉铁水小幅攀升，钢厂盈利比例处于 | | | | | 高位，现阶段钢厂主动减产动力不足。8 月下旬北方地区也有减产预期， | | | | | 但限产力度不及预期，短期铁矿石基本面矛盾有限，预计震荡运行。 | | | | | 煤焦：大商所调整焦煤期货主力合约交易限额，房地产和基建需求弱，焦 | | | | | 煤高位调整。产地煤矿整体恢复依然缓慢，上周煤矿精煤库存创 2024 年 | | | | | 3 月以来最低。与此同时，下游焦钢企业开工维持高位，线下部分煤矿受 | | | 煤焦 ...

1 交易提示 交易咨询：0571-85165192，85058093 2025 年 8 月 21 日星期四 16519 新世纪期货交易提示（2025-8-21） | | | | 铁矿：短期制造业复苏被打断，ZZJ 会议不及预期，国内供给政策预期被 | | --- | --- | --- | --- | | | | | 阶段性证伪，资金层面博弈加剧，预期偏差带来行情修复。产业层面，铁 | | | | | 矿全球发运环比大幅回升，港口库存小幅回升，但目前在高疏港的情况下 | | | 铁矿石 | 震荡偏弱 | 亦无明显累库压力。终端需求偏弱，高炉铁水小幅攀升，钢厂盈利比例处 | | | | | 于高位，现阶段钢厂主动减产动力不足。8 月下旬北方地区也有减产预期， | | | | | 但限产力度不及预期，短期铁矿石基本面矛盾有限，预计震荡偏弱运行。 | | | | | 煤焦：大商所调整焦煤期货主力合约交易限额，房地产和基建需求弱，焦 | | | | | 煤高位调整。产地煤矿整体恢复依然缓慢，上周煤矿精煤库存创 2024 年 | | | | | 3 月以来最低。与此同时，下游焦钢企业开工维持高位，线下部分煤矿受 | | ...