1. Report Title - The report is titled "Full Variety Spread Daily Report" [4] 2. Report Date - The report is dated July 1, 2025 [3] 3. Data Sources - The data sources include Wind, Mysteel, and the Research Institute of GF Futures [5] 4. Commodity Analysis Ferrous Metals - **Silicon Iron (SF509)**: The spot price is 5344, the futures price is 5528, with a basis of 184 and a basis rate of 3.44% [1] - **Silicon Manganese (SM509)**: The spot price is 5642, the futures price is 5820, with a basis of 178 and a basis rate of 3.15% [1] - **Rebar (RB2510)**: The spot price is 2997, the futures price is 3130, with a basis of 133 and a basis rate of 4.44% [1] - **Hot - Rolled Coil (HC2510)**: The spot price is 3123, the futures price is 3200, with a basis of 77 and a basis rate of 2.47% [1] - **Iron Ore (I2509)**: The spot price is 716, the futures price is 759, with a basis of 43 and a basis rate of 6.06% [1] - **Coke (J2509)**: The spot price is 1404, the futures price is 1284, with a basis of - 120 and a basis rate of - 8.52% [1] - **Coking Coal (JM2509)**: The spot price is 855, the futures price is 836, with a basis of 11 and a basis rate of 1.33% [1] Non - Ferrous Metals - **Copper (CU2508)**: The spot price is 79990, the futures price is 79870, with a basis of 120 and a basis rate of 0.15% [1] - **Aluminum (AL2508)**: The spot price is 20780, the futures price is 20580, with a basis of 200 and a basis rate of 0.97% [1] - **Alumina (AO2509)**: The spot price is 5985, the futures price is 3114, with a basis of 129 and a basis rate of 4.33% [1] - **Zinc (ZN2508)**: The spot price is 22495, the futures price is 22420, with a basis of - 75 and a basis rate of - 0.33% [1] - **Tin (SN2508)**: The spot price is 268110, the futures price is 267200, with a basis of - 910 and a basis rate of - 0.34% [1] - **Nickel (NI2508)**: The spot price is 121200, the futures price is 120830, with a basis of 370 and a basis rate of 0.31% [1] - **Stainless Steel (SS2508)**: The spot price is 12820, the futures price is 12610, with a basis of 210 and a basis rate of 1.67% [1] Chemicals - **Carbonate Lithium (LC2509)**: The spot price is 62260, the futures price is 61300, with a basis of - 960 and a basis rate of - 1.54% [1] - **Industrial Silicon (SI2509)**: The spot price is 8450, the futures price is 8060, with a basis of 390 and a basis rate of 4.84% [1] Precious Metals - **Gold (AU2508)**: The spot price is 767.6, the futures price is 764.2, with a basis of - 3.4 and a basis rate of - 0.45% [1] - **Silver (AG2508)**: The spot price is 8762.0, the futures price is 8728.0, with a basis of - 34.0 and a basis rate of - 0.39% [1] Agricultural Products - **Soybean Meal (M2509)**: The spot price is 2961.0, the futures price is 2830, with a basis of - 131.0 and a basis rate of - 4.42% [1] - **Soybean Oil (Y2509)**: The spot price is 8120, the futures price is 7984.0, with a basis of 136.0 and a basis rate of 1.70% [1] - **Palm Oil (P2509)**: The spot price is 8450, the futures price is 8330.0, with a basis of 120.0 and a basis rate of 1.44% [1] - **Rapeseed Meal (RM509)**: The spot price is 2572.0, the futures price is 2440, with a basis of - 132.0 and a basis rate of - 5.13% [1] - **Rapeseed Oil (O1509)**: The spot price is 9560, the futures price is 9415.0, with a basis of 145.0 and a basis rate of 1.54% [1] - **Corn (C2509)**: The spot price is 2380, the futures price is 2378.0, with a basis of 2.0 and a basis rate of 0.08% [1] - **Corn Starch (CS2509)**: The spot price is 2750, the futures price is 2733.0, with a basis of 17.0 and a basis rate of 0.62% [1] - **Live Pigs (LH2509)**: The spot price is 14950, the futures price is 13870.0, with a basis of 1080.0 and a basis rate of 7.79% [1] - **Eggs (JD2508)**: The spot price is 3566.0, the futures price is 2640, with a basis of - 926.0 and a basis rate of - 25.97% [1] - **Cotton (CF509)**: The spot price is 15117, the futures price is 13740.0, with a basis of 1377.0 and a basis rate of 10.02% [1] - **Sugar (SR509)**: The spot price is 6150, the futures price is 5807.0, with a basis of 343.0 and a basis rate of 5.91% [1] - **Apples (AP510)**: The spot price is 8600, the futures price is 7701.0, with a basis of 899.0 and a basis rate of 11.67% [1] - **Red Dates (CJ509)**: The spot price is 9595.0, the futures price is 8300, with a basis of - 1295.0 and a basis rate of - 13.50% [1] Energy and Chemicals - **Para - Xylene (PX509)**: The spot price is 7218.0, the futures price is 6796.0, with a basis of 422.0 and a basis rate of 6.22% [1] - **PTA (TA509)**: The spot price is 5040.0, the futures price is 4798.0, with a basis of 242.0 and a basis rate of 5.04% [1] - **Ethylene Glycol (EG2509)**: The spot price is 4330.0, the futures price is 4267.0, with a basis of 63.0 and a basis rate of 1.48% [1] - **Polyester Fiber (PF508)**: The spot price is 6730.0, the futures price is 6542.0, with a basis of 188.0 and a basis rate of 2.87% [1] - **Styrene (EB2508)**: The spot price is 7800.0, the futures price is 7287.0, with a basis of 513.0 and a basis rate of 7.04% [1] - **Methanol (MA509)**: The spot price is 2790.0, the futures price is 2381.0, with a basis of 409.0 and a basis rate of 17.18% [1] - **Urea (UR509)**: The spot price is 1800.0, the futures price is 1712.0, with a basis of 88.0 and a basis rate of 5.14% [1] - **LLDPE (L2509)**: The spot price is 7315.0, the futures price is 7261.0, with a basis of 54.0 and a basis rate of 0.74% [1] - **PP (PP2509)**: The spot price is 7200.0, the futures price is 7070.0, with a basis of 130.0 and a basis rate of 1.84% [1] - **PVC (V2509)**: The spot price is 4889.0, the futures price is 4820.0, with a basis of - 69.0 and a basis rate of - 1.41% [1] - **Caustic Soda (SH209)**: The spot price is 2438.0, the futures price is 2319.0, with a basis of 119.0 and a basis rate of 5.11% [1] - **LPG (PG2508)**: The spot price is 4698.0, the futures price is 4222.0, with a basis of 476.0 and a basis rate of 11.27% [1] - **Asphalt (BU2509)**: The spot price is 3805.0, the futures price is 3564.0, with a basis of 241.0 and a basis rate of 6.76% [1] - **Butadiene Rubber (BR2508)**: The spot price is 11700.0, the futures price is 11250.0, with a basis of 450.0 and a basis rate of 4.00% [1] - **Glass (FG509)**: The spot price is 1044.0, the futures price is 1006.0, with a basis of 38.0 and a basis rate of 3.64% [1] - **Soda Ash (SA509)**: The spot price is 1210.0, the futures price is 1181.0, with a basis of 29.0 and a basis rate of 2.40% [1] - **Natural Rubber (RU2509)**: The spot price is 13985.0, the futures price is 13950.0, with a basis of - 35.0 and a basis rate of - 0.25% [1] Financial Futures - **Stock Index Futures**: - **IF2509.CFF**: The spot price is 3936.1, the futures price is 3885.8, with a basis of - 50.3 and a basis rate of - 0.85% [1] - **IH2509.CFE**: The spot price is 2712.0, the futures price is 2689.0, with a basis of - 23.0 and a basis rate of - 0.85% [1] - **IC2507.CFE**: The spot price is 5915.4, the futures price is 5863.0, with a basis of - 52.4 and a basis rate of - 0.89% [1] - **IM2509.CFE**: The spot price is 6356.2, the futures price is 6148.6, with a basis of - 207.6 and a basis rate of - 3.38% [1] - **Bond Futures**: - **2 - Year Bond (TS2509)**: The spot price is 102.50, the futures price is 100.37, with a basis of - 0.03 and a basis rate of - 0.03% [1] - **5 - Year Bond (TF2509)**: The spot price is 106.15, the futures price is 101.07, with a basis of 0.07 and a basis rate of 0.00% [1] - **10 - Year Bond (T2509)**: The spot price is 108.90, the futures price is 101.28, with a basis of 0.07 and a basis rate of 0.07% [1] - **30 - Year Bond (TL2509)**: The spot price is 136.16, the futures price is 120.40, with a basis of 0.36 and a basis rate of 0.30% [1]

1. Report Industry Investment Rating - No relevant content provided. 2. Core View of the Report - The report presents a daily spread report for all varieties on June 27, 2025, including data on various commodities such as metals, agricultural products, energy, and chemical products, with details on spot prices, futures prices, basis, basis rates, and historical quantiles [1][3]. 3. Summary by Categories Metals - **Ferrous Metals**: For silicon iron (SF509), the spot price is 5528, the futures price is 5384, the basis is 144, and the basis rate is 2.67% with a historical quantile of 76.30%. For silicon manganese (SM509), the spot price is 5676, the futures price is 5790, the basis is -114, and the basis rate is -2.01% with a historical quantile of 45.50%. Similar data is provided for other ferrous metals like螺纹钢 (RB2510), 热卷 (HC2510), 铁矿石 (I2509), 焦炭 (J2509), and 焦煤 (JM2509) [1]. - **Non - Ferrous Metals**: For copper (CU2508), the spot price is 78940, the futures price is 78890, the basis is 50, and the basis rate is 0.06% with a historical quantile of 46.66%. For aluminum (AL2508), the spot price is 20610, the futures price is 20445, the basis is 165, and the basis rate is 0.81% with a historical quantile of 85.41%. Other non - ferrous metals such as zinc (ZN2508), tin (SN2508), nickel (NI2508), stainless steel (SS2508), and lithium carbonate (LC2509) also have their respective data presented [1]. - **Precious Metals**: For gold (AU2508), the spot price is 775.3, the futures price is 773.3, the basis is 2.0, and the basis rate is 0.26% with a historical quantile of 40.10%. For silver (AG2508), the spot price is 8796.0, the futures price is 8773.0, the basis is 23.0, and the basis rate is 0.26% with a historical quantile of 32.70% [1]. Agricultural Products - For soybean meal (M2509), the spot price is 2936.0, the futures price is 2820, the basis is 116.0, and the basis rate is 3.95% with a historical quantile of 12.90%. For soybean oil (Y2509), the spot price is 8140, the futures price is 8000.0, the basis is 140.0, and the basis rate is 1.75% with a historical quantile of 20.00%. Other agricultural products like palm oil (P2509), rapeseed meal (RM509), rapeseed oil (O1509), corn (C2509), corn starch (CS2509), live pigs (LH2509), eggs (JD2508), cotton (CF509), sugar (SR509), apples (AP510), and jujubes (CJ509) are also covered [1]. Energy and Chemicals - For p - xylene (PX509), the spot price is 6959.7, the futures price is 6722.0, the basis is 237.7, and the basis rate is 3.54% with a historical quantile of 87.90%. For PTA (TA509), the spot price is 5030.0, the futures price is 4770.0, the basis is 260.0, and the basis rate is 5.45% with a historical quantile of 84.90%. Other energy and chemical products such as ethylene glycol (EG2509), styrene (EB2508), methanol (MA509), urea (UR509), LLDPE (L2509), PP (PP2509), PVC (V2509), caustic soda (SH209), LPG (PG2508), asphalt (BU2509), butadiene rubber (BR2508), glass (FG509), and soda ash (SA509) are included in the report [1]. Financial Futures - For stock index futures such as IF2509.CFF, the spot price is 3946.0, the futures price is 3904.2, the basis is - 41.8, and the basis rate is - 1.07% with a historical quantile of 6.70%. For bond futures like 2 - year bond (TS2509), 5 - year bond (TF2509), 10 - year bond (T2509), and 30 - year bond (TL2509), their respective data on spot prices, futures prices, bases, basis rates, and historical quantiles are provided [1].