| 2.30% | 73.20% | 硅铁 (SF603) | 折算价:72硅铁合格块:内蒙-天津仓单 | 5698 | 5570 | 128 | 6020 | 5828 | 192 | 3.29% | 硅罐(SM603) | 折算价:6517硅锰:内蒙-湖北仓单 | 62.40% | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 4.33% | 137 | 58.80% | 3300 | HRB40020mm: 上海 | 螺纹钢 (RB2605) | 3163 | Q235B: 4.75mm: 上海 | -15 | 热卷(HC2605) | 3300 | 3315 | -0.45% | 12.50% | | | | | | 57 | 6.96% | 44.80% | 折算价:62.5%巴混粉(BRBF)：淡水河谷:日照港 | 860 | 812 | 铁矿石 (12605) | 17 | 1.00% | 焦炭 (J26 ...

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core View of the Report The report presents the spot prices, futures prices, basis, basis rates, historical quantiles, and other data of various commodities on January 6, 2026, covering ferrous metals, non - ferrous metals, precious metals, agricultural products, energy chemicals, and financial products. 3. Summary by Commodity Categories Ferrous Metals - **Silicon Iron (SF603)**: Spot price is 5624, futures price is 5638, basis is 14, basis rate is 0.25%, and historical quantile is 56.90% [1] - **Silicon Manganese (SM603)**: Spot price is 5920, historical quantile is 35.00% [1] - **Rebar (RB2605)**: Spot price of HRB400 20mm in Shanghai is 3104, futures price is 3290, basis is 186, basis rate is 5.99%, and historical quantile is 69.90% [1] - **Hot - Rolled Coil (HC2605)**: Spot price of Q235B 4.75mm in Shanghai is 3248, futures price is 3250, basis is 2, basis rate is 0.06%, and historical quantile is 19.60% [1] - **Iron Ore (I2605)**: Spot price of 62.5% Brazilian mixed powder (BRBF) at Rizhao Port is 1649, futures price is 1702, basis is 53, basis rate is 3.23%, and historical quantile is 56.90% [1] - **Coke (J2605)**: Spot price of quasi - first - grade metallurgical coke at Rizhao Port is 797, futures price is 871, basis is 74, basis rate is 8.55%, and historical quantile is 85.48% [1] - **Coking Coal (JM2605)**: Spot price of S1.3 G75 main coking coal (Meng 5) at Shaheyi is 1081, futures price is 1156, basis is 76, basis rate is 6.99%, and historical quantile is 45.90% [1] Non - Ferrous Metals - **Copper (CU2602)**: Spot price is 100575, futures price is 101350, basis is - 775, basis rate is - 0.76%, and historical quantile is 6.25% [1] - **Aluminum (AL2602)**: Spot price of SMM A00 aluminum average is 23310, futures price is 23645, basis is - 335, basis rate is - 1.42%, and historical quantile is 1.45% [1] - **Alumina (AO2605)**: Spot price of SMM alumina index average is 2697, futures price is 2770, basis is - 73, basis rate is - 2.65%, and historical quantile is 14.31% [1] - **Zinc (ZN2602)**: Spot price of SMM 1 zinc ingot average is 23820, futures price is 23900, basis is 80, basis rate is 0.34%, and historical quantile is 71.04% [1] - **Tin (SN2602)**: Spot price of SMM 1 tin average is 331600, futures price is 334370, basis is - 2770, basis rate is - 0.83%, and historical quantile is 9.79% [1] - **Nickel (NI2602)**: Spot price of SMM 1 imported nickel average is 134100, futures price is 134750, basis is 650, basis rate is 0.48%, and historical quantile is 84.79% [1] - **Stainless Steel (SS2602)**: Spot price of 304/2B 2*1240*C in Wuxi Hongwang (including trimming fee) is 13075, futures price is 13370, basis is - 295, basis rate is - 2.21%, and historical quantile is 54.07% [1] - **Lithium Carbonate (LC2605)**: Spot price of SMM battery - grade lithium carbonate average is 129980, futures price is 119500, basis is 10480, basis rate is 8.06%, and historical quantile is 2.42% [1] - **Industrial Silicon (SI2605)**: Spot price is 9250, futures price is 8730, basis is 520, basis rate is 5.96%, and historical quantile is 31.90% [1] Precious Metals - **Gold (AU2602)**: Spot price of Shanghai Gold Exchange gold spot AU (T + D) is 992.6, futures price is 995.0, basis is 2.4, basis rate is 0.24%, and historical quantile is 35.50% [1] - **Silver (AG2604)**: Spot price of Shanghai Gold Exchange silver spot AG (T + D) is 18319.0, futures price is 18247.0, basis is 72.0, basis rate is 0.39%, and historical quantile is 98.50% [1] Agricultural Products - **Soybean Meal (M2605)**: Spot price of common protein soybean meal at Zhangjiagang, Jiangsu is 3050, futures price is 2754.0, basis is 296.0, basis rate is 10.75%, and historical quantile is 69.90% [1] - **Soybean Oil (Y2605)**: Spot price of fourth - grade soybean oil at Zhangjiagang, Jiangsu is 8290, futures price is 7856.0, basis is 434.0, basis rate is 5.52%, and historical quantile is 74.70% [1] - **Palm Oil (P2605)**: Spot price at Huangpu Port is 8488.0, futures price is 8430, basis is - 58.0, basis rate is - 0.68%, and historical quantile is 11.10% [1] - **Rapeseed Meal (RM605)**: Spot price of common rapeseed meal at Zhanjiang, Guangdong is 2530, futures price is 2361.0, basis is 169.0, basis rate is 7.16%, and historical quantile is 79.60% [1] - **Rapeseed Oil (Oleos)**: Spot price of fourth - grade rapeseed oil at Nantong, Jiangsu is 9780, futures price is 9044.0, basis is 736.0, basis rate is 8.14%, and historical quantile is 94.90% [1] - **Corn (C2603)**: Spot price at Jinzhou Port is 2310, futures price is 2224.0, basis is 86.0, basis rate is 3.87%, and historical quantile is 83.30% [1] - **Corn Starch (CS2603)**: Spot price at Changchun, Jilin is 2620, futures price is 2509.0, basis is 111.0, basis rate is 4.42%, and historical quantile is 54.90% [1] - **Live Pigs (H2603)**: Spot price at Henan is 12850, futures price is 11660.0, basis is 1190.0, basis rate is 10.21%, and historical quantile is 82.50% [1] - **Eggs (JD2603)**: Spot price at Shijiazhuang, Hebei is 2992.0, futures price is 2910, basis is 82.0, basis rate is 2.74%, and historical quantile is 32.50% [1] - **Cotton (CF605)**: Spot price at Xinjiang is 15442, futures price is 14655.0, basis is 787.0, basis rate is 5.37%, and historical quantile is 31.80% [1] - **Sugar (SR605)**: Spot price at Liuzhou Station is 5370, futures price is 5257.0, basis is 113.0, basis rate is 2.15%, and historical quantile is 16.80% [1] - **Apples (AP605)**: Spot price (theoretical delivery price) is 9547.0, futures price is 9200, basis is - 347.0, basis rate is - 3.63%, and historical quantile is 10.30% [1] - **Red Dates (CJ605)**: Spot price of first - grade grey dates at Hebei is 8955.0, futures price is 8200, basis is - 755.0, basis rate is - 8.43%, and historical quantile is 56.50% [1] Energy Chemicals - **Paraxylene (PX603)**: Spot price at Chinese main ports is 7210.0, futures price is 7113.0, basis is - 97.0, basis rate is - 1.35%, and historical quantile is 10.60% [1] - **PTA (TA605)**: Spot price in East China is 5046.0, futures price is 5000.0, basis is - 46.0, basis rate is - 0.91%, and historical quantile is 39.20% [1] - **Ethylene Glycol (EG2605)**: Spot price in East China is 3732.0, futures price is 3605.0, basis is - 127.0, basis rate is - 3.40%, and historical quantile is 12.20% [1] - **Polyester Staple Fiber (PF602)**: Spot price in East China market is 6515.0, futures price is 6462.0, basis is 53.0, basis rate is 0.82%, and historical quantile is 56.30% [1] - **Styrene (EB2602)**: Spot price in East China is 6835.0, futures price is 6739.0, basis is 96.0, basis rate is 1.42%, and historical quantile is 49.00% [1] - **Methanol (MA605)**: Spot price in Jiangsu, Taicang is 2220.0, futures price is 2215.0, basis is 5.0, basis rate is 0.23%, and historical quantile is 46.80% [1] - **Urea (UR605)**: Spot price in Shandong is 1768.0, futures price is 1720.0, basis is 48.0, basis rate is 2.78%, and historical quantile is 4.80% [1] - **LLDPE (L2605)**: Spot price in Shandong is 6449.0, futures price is 6435.0, basis is 14.0, basis rate is 0.22%, and historical quantile is 18.60% [1] - **PP (PP2605)**: Spot price in Zhejiang is 6330.0, futures price is 6300.0, basis is 30.0, basis rate is 0.48%, and historical quantile is 18.50% [1] - **PVC (V2605)**: Spot price in Changzhou is 4764.0, futures price is 4480.0, basis is 284.0, basis rate is 6.36%, and historical quantile is 9.00% [1] - **Caustic Soda (SH603)**: Spot price in Shandong is 2164.0, futures price is 2156.3, basis is 7.7, basis rate is 0.36%, and historical quantile is 42.50% [1] - **LPG (PG2602)**: Spot price in Guangzhou is 4858.0, futures price is 4136.0, basis is 722.0, basis rate is 17.46%, and historical quantile is 85.70% [1] - **Asphalt (BU2602)**: Spot price in Shandong is 3133.0, futures price is 3070.0, basis is 63.0, basis rate is 2.01%, and historical quantile is 39.40% [1] - **Butadiene Rubber (BR2602)**: Spot price in East China is 11645.0, futures price is 11500.0, basis is - 145.0, basis rate is - 1.25%, and historical quantile is 15.10% [1] - **Glass (FG605)**: Spot price in Shahe is 1081.0, futures price is 900.0, basis is 181.0, basis rate is 20.11%, and historical quantile is 4.63% [1] - **Soda Ash (SA605)**: Spot price in Shahe is 1177.0, futures price is 1137.0, basis is 40.0, basis rate is 3.52%, and historical quantile is 28.84% [1] - **Natural Rubber (RU2605)**: Spot price in Shanghai is 15605.0, futures price is 15250.0, basis is 355.0, basis rate is 2.33%, and historical quantile is 0.00% [1] Financial Products - **Stock Index Futures**: - **IF2603.CFE**: Spot price is 4697.0, futures price is 4717.7, basis is 20.7, basis rate is 0.44%, and historical quantile is 23.10% [1] - **IH2603.CFE**: Spot price is 3098.8, futures price is 3099.7, basis is - 0.9, basis rate is - 0.03%, and historical quantile is 50.60% [1] - **IC2603.CFE**: Spot price is 7651.2, futures price is 7596.0, basis is - 55.2, basis rate is - 0.73%, and historical quantile is 16.40% [1] - **IM2603.CFE**: Spot price is 7639.0, futures price is 7753.9, basis is - 114.9, basis rate is - 1.50%, and historical quantile is 14.30% [1] - **Treasury Bond Futures**: - **TS2603**: Spot price is 100.10, futures price is 102.42, basis is - 2.32, basis rate is - 2.32%, and historical quantile is 29.20% [1] - **TF2603**: Spot price is 99.44, futures price is 105.69, basis is - 6.25, basis rate is - 6.29%, and historical quantile is 23.00% [1] - **T2603**: Spot price is 100.25, futures price is 107.84, basis is - 7.59, basis rate is - 7.57%, and historical quantile

2025年12月23日 | 折算价:72硅铁合格块:内蒙-天津仓单 | -0.64% | 51.50% | 硅铁 (SF603) | 5644 | -36 | 5608 | -0.34% | 折算价:6517硅锰:内蒙-湖北仓单 | 5820 | 5840 | -20 | 21.90% | 硅罐 (SM603) | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 5.57% | 174 | 3126 | HRB40020mm: 上海 | 3300 | 68.10% | 螺纹钢(RB2605) | -7 | -0.21% | 3277 | 3270 | 15.30% | Q235B: 4.75mm: 上海 | 热卷(HC2605) | | | | | | 8.25% | 64 | 折算价:62.5%巴混粉(BRBF):淡水河谷:日照港 | 铁矿石 (12605) | 846 | 782 | 50.10% | 2 | 0.0 ...

Report Title - The report is titled "Full Variety Spread Daily Report" [4] Report Date - The report is dated December 10, 2025 [3] Data Sources - The data sources include Wind, Mysteel, and GF Futures Research Institute [5] Industry Data Summary Ferrous Metals - **Silicon Iron (SF603)**: The spot price is 5462, the futures price is 5478, the basis is 16, and the basis rate is 0.84%. The historical quantile is 57.40% [1] - **Silicon Manganese (SM603)**: The spot price is 5732, and the futures price is 5780 [1] - **Rebar (RB2605)**: The spot price is 3079, the futures price is 3260, the basis is 69.40%, and the historical quantile is 69.40% [1] - **Hot Rolled Coil (HC2605)**: The spot price is 3250, and the basis rate is -0.06% [1] - **Iron Ore (I2605)**: The spot price is 1603, the futures price is 89, the basis is 5.85%, and the historical quantile is 57.80% [1] - **Coke (J2601)**: The spot price is 1514, and the historical quantile is 92.42% [1] - **Coking Coal (JM2605)**: The spot price is 1083, and the historical quantile is 45.90% [1] Non - Ferrous Metals - **Copper (CU2601)**: The spot price is 91090, the futures price is 92215, the basis is -1125, the basis rate is -1.24%, and the historical quantile is 99.37% [1] - **Aluminum (AL2601)**: The spot price is 21775, the futures price is 21880, the basis is -105, the basis rate is -0.48%, and the historical quantile is 84.16% [1] - **Alumina (AO2601)**: The spot price is 2546, and the futures price is 2808 [1] - **Zinc (ZN2601)**: The spot price is 23070, the futures price is 23120, the basis is 50, the basis rate is 0.22%, and the historical quantile is 67.08% [1] - **Tin (SN2601)**: The spot price is 316000, the futures price is 312320, the basis is 3680, the basis rate is 1.18%, and the historical quantile is 96.04% [1] - **Nickel (NISE01)**: The spot price is 117350, the futures price is 118275, the basis is -400, the basis rate is -0.34%, and the historical quantile is 91.04% [1] - **Stainless Steel (SS2601)**: The spot price is 12500, the futures price is 12970, the basis is -470, the basis rate is -3.76%, and the historical quantile is 85.40% [1] - **Industrial Silicon (SI2601)**: The spot price is 8340, the futures price is 9200, the basis is -860, the basis rate is -9.35%, and the historical quantile is 57.75% [1] Precious Metals - **Gold (AU2602)**: The spot price is 951.5, the futures price is 946.7, the basis is 4.8, the basis rate is 0.51%, and the historical quantile is 946.7 [1] - **Silver (AG2602)**: The spot price is 13596.0, the futures price is 13607.0, the basis is -11.0, the basis rate is -0.08%, and the historical quantile is 70.10% [1] Agricultural Products - **Soybean Meal (M2605)**: The spot price is 3000, the futures price is 2763.0, the basis is 237.0, the basis rate is 8.58%, and the historical quantile is 65.50% [1] - **Soybean Oil (y2605)**: The spot price is 8370, the futures price is 7984.0, the basis is 386.0, the basis rate is 4.83%, and the historical quantile is 68.60% [1] - **Palm Oil (P2601)**: The spot price is 8560, the futures price is 8648.0, the basis is -88.0, the basis rate is -1.02%, and the historical quantile is 77.70% [1] - **Rapeseed Meal (RM605)**: The spot price is 2470, the futures price is 2317.0, the basis is 153.0, the basis rate is 6.60%, and the historical quantile is 75.40% [1] - **Rapeseed Oil (Ol601)**: The spot price is 9630, the futures price is 9393.0, the basis is 237.0, the basis rate is 2.52%, and the historical quantile is 75.40% [1] - **Corn (C2601)**: The spot price is 2310, the futures price is 2236.0, the basis is 74.0, the basis rate is 3.31%, and the historical quantile is 78.20% [1] - **Corn Starch (CS2601)**: The spot price is 2650, the futures price is 2522.0, the basis is 128.0, the basis rate is 5.08%, and the historical quantile is 65.60% [1] - **Live Hogs (H2603)**: The spot price is 11450.0, the futures price is 11250, the basis is 200.0, the basis rate is 1.75%, and the historical quantile is 38.40% [1] - **Eggs (JD2601)**: The spot price is 3124.0, the futures price is 2960, the basis is -164.0, the basis rate is -5.125%, and the historical quantile is 25.10% [1] - **Cotton (CF601)**: The spot price is 14843, the futures price is 13740.0, the basis is 1103.0, the basis rate is 8.03%, and the historical quantile is 74.40% [1] - **Sugar (SR601)**: The spot price is 5343.0, the futures price is 5181.0, the basis is 162.0, the basis rate is 3.03%, and the historical quantile is 28.70% [1] - **Apples (AP605)**: The spot price is 9465.0, the futures price is 9000, the basis is 465.0, the basis rate is 5.17%, and the historical quantile is 7.80% [1] - **Jujubes (CJ605)**: The spot price is 9325.0, the futures price is 8600, the basis is -725.0, the basis rate is -7.77%, and the historical quantile is 64.50% [1] Energy and Chemicals - **Para - Xylene (PX603)**: The spot price is 6779.0, the futures price is 6780.0, the basis is -1.0, the basis rate is -0.01%, and the historical quantile is 27.30% [1] - **PTA (TA601)**: The spot price is 4625.0, the futures price is 4644.0, the basis is -19.0, the basis rate is -0.41%, and the historical quantile is 49.10% [1] - **Ethylene Glycol (EG2601)**: The spot price is 3680.0, the futures price is 3691.0, the basis is -11.0, the basis rate is -0.30%, and the historical quantile is 55.10% [1] - **Polyester Staple Fiber (PF602)**: The spot price is 6290.0, the futures price is 6182.0, the basis is 108.0, the basis rate is 1.75%, and the historical quantile is 69.10% [1] - **Styrene (EB2601)**: The spot price is 6740.0, the futures price is 6576.0, the basis is 164.0, the basis rate is 2.49%, and the historical quantile is 61.10% [1] - **Methanol (MA601)**: The spot price is 2066.0, the futures price is 2075.0, the basis is -9.0, the basis rate is -0.44%, and the historical quantile is 48.80% [1] - **Urea (UR601)**: The spot price is 1643.0, the futures price is 1690.0, the basis is -47.0, the basis rate is -2.86%, and the historical quantile is 29.90% [1] - **LLDPE (L2601)**: The spot price is 6640.0, the futures price is 6557.0, the basis is 83.0, the basis rate is 1.27%, and the historical quantile is 48.10% [1] - **PP (PP2601)**: The spot price is 6365.0, the futures price is 6192.0, the basis is 173.0, the basis rate is 2.79%, and the historical quantile is 71.10% [1] - **PVC (V2601)**: The spot price is 4367.0, the futures price is 4360.0, the basis is 7.0, the basis rate is 0.16%, and the historical quantile is 80.20% [1] - **Caustic Soda (SH601)**: The spot price is 2218.8, the futures price is 2092.0, the basis is 126.8, the basis rate is 6.06%, and the historical quantile is 67.90% [1] - **LPG (PG2601)**: The spot price is 4498.0, the futures price is 4241.0, the basis is 257.0, the basis rate is 6.06%, and the historical quantile is 48.30% [1] - **Asphalt (BU2602)**: The spot price is 2930.0, the futures price is 2943.0, the basis is -13.0, the basis rate is -0.44%, and the historical quantile is 49.60% [1] - **Butadiene Rubber (BR2602)**: The spot price is 10600.0, the futures price is 10450.0, the basis is 150.0, the basis rate is 1.44%, and the historical quantile is 44.90% [1] - **Float Glass (FG601)**: The spot price is 984.0, the futures price is 968.0, the basis is 16.0, the basis rate is 1.65%, and the historical quantile is 71.63% [1] - **Soda Ash (SA601)**: The spot price is 1125.0, the futures price is 1125.0, the basis is 0.0, the basis rate is 0.00%, and the historical quantile is 51.68% [1] - **Natural Rubber (RU2605)**: The spot price is 14985.0, the futures price is 14700.0, the basis is 285.0, the basis rate is 1.94%, and the historical quantile is 80.40% [1] Financial Futures - **IF2512**: The spot price is 4583.2, the futures price is 4598.2, the basis is 15.0, the basis rate is 0.33%, and the historical quantile is 30.00% [1] - **IH2512**: The spot price is 2991.6, the futures price is 2998.0, the basis is 6.4, the basis rate is 0.21%, and the historical quantile is 30.60% [1] - **IC2512**: The spot price is 7121.3, the futures price is 7094.4, the basis is -26.9, the basis rate is -0.38%, and the historical quantile is 44.90% [1] - **IM2512**: The spot price is 7380.6, the futures price is 7347.8, the basis is 32.8, the basis rate is 0.45%, and the historical quantile is 89.30% [1] - **2 - year Treasury Bond (TS2603)**: The spot price is 102.42, the futures price is 100.07, the basis is 0.03, the basis rate is 0.03%, and the historical quantile is 17.00% [1] - **5 - year Treasury Bond (TF2603)**: The spot price is 99.48, the futures price is 105.77, the basis is -0.06, the basis rate is -0.06%, and the historical quantile is 19.00% [1] - **10 - year Treasury Bond (T2603)**: The spot price is 107.97, the futures price is 100.37, the basis is 0.09, the basis rate is 0.08%, and the historical quantile is 27.30% [1] - **30 - year Treasury Bond (TL2603)**: The spot price is 127.27, the futures price is 112.45, the basis is 0.61, the basis rate is 0.54%, and the historical quantile is 84.60% [1]