Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View - Not provided in the given content 3. Summary by Related Catalog Metals and Minerals - Copper (CU) has a 0.29% 主力基差率, up 0.30% from yesterday, with a 当月基差 of 330, 次月基差 of 290, and 再次月基差 of 70 [3] - Aluminum (AL) has a -0.42% 主力基差率, up 0.22% from yesterday, with a 当月基差 of -45, 次月基差 of -100, and 再次月基差 of -160 [3] - Zinc (ZN) has a -0.12% 主力基差率, up 0.38% from yesterday, with a 当月基差 of 30, 次月基差 of -30, and 再次月基差 of -65 [3] - Lead (PB) has a -1.35% 主力基差率, up 0.32% from yesterday, with a 当月基差 of -170, 次月基差 of -235, and 再次月基差 of -275 [3] - Tin (SN) has a 0.71% 主力基差率, up 0.76% from yesterday, with a 当月基差 of 2730, 次月基差 of 2730, and 再次月基差 of 2670 [3] - Industrial Silicon (NI) has a 3.59% 主力基差率, up 0.14% from yesterday, with a 当月基差 of 2020, 次月基差 of 4860, and 再次月基差 of 4650 [3] - Lithium Carbonate (LC) has a -1.35% 主力基差率, up 0.93% from yesterday, with a 当月基差 of -590, 次月基差 of -1470, and 再次月基差 of -1570 [3] - Gold (AU) has a -0.34% 主力基差率, down -0.2B% from yesterday, with a 当月基差 of -3.61, 次月基差 of -6.53, and 再次月基差 of -8.73 [3] - Silver (AG) has a -0.23% 主力基差率, down -0.93% from yesterday, with a 当月基差 of -104, 次月基差 of -53, and 再次月基差 of -25 [3] Black Industry - Rebar (RB) has a 4.46% 主力基差率, down -0.51% from yesterday, with a 当月基差 of 140, 次月基差 of 92 [3] - Hot Rolled Coil (HC) has a -1.18% 主力基差率, down -1.63% from yesterday, with a 当月基差 of -39, 次月基差 of -59, and 再次月基差 of -84 [3] - Iron Ore has an 8.14% 主力基差率, up 1.32% from yesterday, with a 当月基差 of 64.6, 次月基差 of 82.1, and 再次月基差 of 96.1 [3] - Coke has a -6.4% 主力基差率, down -0.22% from yesterday, with a 当月基差 of -116.0, 次月基差 of -193.5, and 再次月基差 of -276.5 [3] - Coking Coal (JIM) has a 1.11% 主力基差率, up 6.96% from yesterday, with a 当月基差 of 13.0, 次月基差 of -66.5, and 再次月基差 of -227.0 [3] - Thermal Coal (ZC) has a 12.55% 主力基差率, down -0.50% from yesterday, with a 当月基差 of -101.4, 次月基差 of -101.4, and 再次月基差 of -101.4 [3] - Ferrosilicon (SF) has a -4.7% 主力基差率, up 0.20% from yesterday, with a 当月基差 of -236, 次月基差 of -328, and 再次月基差 of -426 [3] - Manganese Silicon (SM) has a 1.93% 主力基差率, up 2.92% from yesterday, with a 当月基差 of 72, 次月基差 of 30, and 再次月基差 of -40 [3] - Stainless Steel has a -0.03% 主力基差率, down -0.91% from yesterday, with a 当月基差 of -20, 次月基差 of -125, and 再次月基差 of -310 [3] Agricultural and Sideline Products - Glass (FG) has a -4.67% 主力基差率, up 2.85% from yesterday, with a 当月基差 of -50, 次月基差 of -160, and 再次月基差 of -214 [3] - Soybean (A) has a -5.1% 主力基差率, up 0.07% from yesterday, with a 当月基差 of -221, 次月基差 of -252, and 再次月基差 of -280 [3] - Soybean Meal (M) has a 12.94% 主力基差率, unchanged from yesterday, with a 当月基差 of 353, 次月基差 of 232, and 再次月基差 of 183 [3] - Rapeseed Meal (RM) has an 8.06% 主力基差率, down -1.47% from yesterday, with a 当月基差 of 179, 次月基差 of 113, and 再次月基差 of 183 [3] - Soybean Oil (V) has a 6.93% 主力基差率, up 0.27% from yesterday, with a 当月基差 of 554, 次月基差 of 674, and 再次月基差 of [3] - Rapeseed Oil (Ol) has a 9.53% 主力基差率, up 0.84% from yesterday, with a 当月基差 of 848, 次月基差 of 827, and 再次月基差 of 899 [3] - Peanut (PK) has a 16.60% 主力基差率, up 0.38% from yesterday, with a 当月基差 of 1358, 次月基差 of 994, and 再次月基差 of 1028 [3] - Palm Oil (P) has a 0.60% 主力基差率, up 0.30% from yesterday, with a 当月基差 of 55, 次月基差 of 78, and 再次月基差 of 62 [3] - Corn (C) has a 2.37% 主力基差率, unchanged from yesterday, with a 当月基差 of 63, 次月基差 of 42, and 再次月基差 of 94 [3] - Corn Starch (CS) has a 0.59% 主力基差率, unchanged from yesterday, with a 当月基差 of -20, 次月基差 of -50, and 再次月基差 of -3 [3] - Apple (AP) has a -8.51% 主力基差率, up 1.88% from yesterday, with a 当月基差 of -795, 次月基差 of 454, and 再次月基差 of 514 [3] - Egg (JD) has a 22.39% 主力基差率, up 5.21% from yesterday, with a 当月基差 of 184, 次月基差 of -248 [3] - Live Pig (LH) has a 14.48% 主力基差率, up 4.71% from yesterday, with a 当月基差 of 1455, 次月基差 of -30, and 再次月基差 of 1260 [3] Soft Commodities and Chemicals - Cotton (CF) has a 9.18% 主力基差率, down -0.01% from yesterday, with a 当月基差 of 1335, 次月基差 of 1170, and 再次月基差 of 740 [3] - Sugar (SR) has a 2.78% 主力基差率, up 0.27% from yesterday, with a 当月基差 of 146, 次月基差 of 130, and 再次月基差 of 50 [3] - Methanol (MA) has a 0.59% 主力基差率, up 0.10% from yesterday, with a 当月基差 of 13, 次月基差 of -11, and 再次月基差 of -58 [3] - Ethanol (EG) has a -3.20% 主力基差率, up 0.39% from yesterday, with a 当月基差 of -120, 次月基差 of -228, and 再次月基差 of 21 [3] - PTA (TA) has a -0.89% 主力基差率, up 0.26% from yesterday, with a 当月基差 of -45, 次月基差 of -3, and 再次月基差 of 21 [3] - Polypropylene (PP) has a 5.68% 主力基差率, up 0.23% from yesterday, with a 当月基差 of 368, 次月基差 of 335, and 再次月基差 of 354 [3] - Styrene (EB) has a 1.30% 主力基差率, down -0.26% from yesterday, with a 当月基差 of 212, 次月基差 of 396 [3] - Short Fiber has a 0.97% 主力基差率, down -0.2B% from yesterday, with a 当月基差 of -30, 次月基差 of -128 [3] - Plastic (L) has a 4.24% 主力基差率, down -1.36% from yesterday, with a 当月基差 of 283, 次月基差 of 259, and 再次月基差 of 230 [3] - PVC (V) has a -4.9% 主力基差率, down -0.53% from yesterday, with a 当月基差 of -201, 次月基差 of -316, and 再次月基差 of -411 [3] - Rubber (RU) has a -0.29% 主力基差率, up 0.57% from yesterday, with a 当月基差 of -45, 次月基差 of -5, and 再次月基差 of -640 [3] - 20 - Rubber (NR) has a 4.55% 主力基差率, up 0.37% from yesterday, with a 当月基差 of 480, 次月基差 of 375, and 再次月基差 of 215 [3] - Soda Ash (SA) has a -4.9% 主力基差率, unchanged from yesterday, with a 当月基差 of -50, 次月基差 of -111, and 再次月基差 of -154 [3] - Urea (UR) has a -1.24% 主力基差率, up 0.49% from yesterday, with a 当月基差 of -22, 次月基差 of 4, and 再次月基差 of 1 [3] - Pulp (SP) has a 2.85% 主力基差率, down -0.70% from yesterday, with a 当月基差 of 153, 次月基差 of 115, and 再次月基差 of -21 [3] Energy and Chemicals - Crude Oil (SC) has a -5.5% 主力基差率, down -0.23% from yesterday, with a 当月基差 of -28.8, 次月基差 of -33.4, and 再次月基差 of -37.6 [3] - Fuel Oil (FU) has a 5.08% 主力基差率, down -0.75% from yesterday, with a 当月基差 of 141, 次月基差 of 167, and 再次月基差 of 189 [3] - Asphalt (BU) has a -1.97% 主力基差率, down -0.70% from yesterday, with a 当月基差 of -78, 次月基差 of -59, and 再次月基差 of -12 [3] - Low - Sulfur Fuel Oil (LU) has a 1.15% 主力基差率, down -0.52% from yesterday, with a 当月基差 of 43, 次月基差 of 22, and 再次月基差 of -41 [3] - LPG (PG) has a 22.14% 主力基差率, up 0.12% from yesterday, with a 当月基差 of 729, 次月基差 of 1055, and 再次月基差 of 743 [3] Stock Index Futures - CSI 300 (IF) has a 0.12% 主力基差率, down -0.05% from yesterday, with a 当月基差 of 1.7, 次月基差 of 5.9, and 再次月基差 of 45.7 [3] - SSE 50 (IH) has a -0.05% 主力基差率, up 0.10% from yesterday, with a 当月基差 of -0.5, 次月基差 of -1.7, and 再次月基差 of 2.1 [3] - CSI 500 (IC) has a 0.27% 主力基差率, down -0.01% from yesterday, with a 当月基差 of 6.1, 次月基差 of 21.9, and 再次月基差 of 139.9 [3]

Report Summary 1. Report Industry Investment Rating - There is no information about the industry investment rating in the report. 2. Core View - The report presents the basis rate statistics of various futures on January 8, 2026, including the main contract basis rate, its change compared to the previous day, the basis of the current month, the next month, and the month after the next, as well as the contract prices and spot prices of different varieties [3]. 3. Summary by Category Metals - **Non - ferrous Metals**: Copper's main contract basis rate is - 0.65%, a decrease of 1.01% from the previous day; aluminum's is - 1.19%, down 0.50%; zinc's is - 0.02%, down 0.87%; tin's is - 0.06%, down 0.11%; nickel's is 3.29%, down 1.59%; industrial silicon's is 3.47%, down 0.64%; lithium carbonate's is 17.50%, down 3.27 [3]. - **Precious Metals**: Gold's main contract basis rate is 0.03%, an increase of 0.33% from the previous day; silver's is 0.39%, an increase of 0.17% [3]. - **Ferrous Metals**: Steel products like rebar have a main contract basis rate of 4.80%, down 0.31%; hot - rolled coil's is - 0.36%, up 0.65%; iron ore's is 3.96%, down 2.14; coke's is - 9.48, down 3.43; coking coal's is - 5.7%, down 7.67; power coal's is - 1303%, up 0.37% [3]. Agricultural Products - **Oilseeds and Oils**: Soybean oil's main contract basis rate is 6.31%, down 0.62%; rapeseed oil's is 8.85%, up 0.42%; peanut's is 15.21%, down 1.38%; palm oil's is 0.09%, down 0.73% [3]. - **Grains**: Corn's main contract basis rate is 2.76%, down 1.20%; corn starch's is 1.26%, down 1.50% [3]. - **Other Agricultural Products**: Apple's main contract basis rate is - 10.78%, up 0.29%; egg's is 9.60%, up 2.93%; live pig's is 10.31%, up 0.66%; cotton's is 4.98%, down 0.78% [3]. Chemicals - **General Chemicals**: Methanol's main contract basis rate is 1.90%, up 1.26%; ethylene glycol's is - 3.84, down 0.25%; PTA's is - 0.78%, up 0.39%; polypropylene's is 4.84%, down 1.03%; styrene's is 0.69%, down 0.25%; polyester staple fiber's is 0.24%, down 0.34% [3]. - **Plastics and Rubbers**: Plastic's main contract basis rate is 0.12%, down 0.65%; PVC's is - 5.41, up 0.20%; natural rubber's is - 2.66, down 0.17%; 20 - number rubber's is 2.55%, down 0.18% [3]. - **Other Chemicals**: Soda ash's main contract basis rate is - 3.15%, up 0.21%; urea's is - 2.23%, down 0.66%; pulp's is - 0.20%, up 0.73% [3]. Energy - **Fossil Fuels**: Crude oil's main contract basis rate is - 5.86, up 0.74%; fuel oil's is 8.95%, up 1.97%; asphalt's is - 2.85, down 0.49%; low - sulfur fuel oil's is 2.73%, up 3.60%; LPG's is 14.98%, up 0.19% [3]. Stock Index Futures - The main contract basis rate of CSI 300 is 0.50%, an increase of 0.23%; SSE 50's is 0.04%, an increase of 0.14%; CSI 500's is 0.93%, an increase of 0.57% [3].

Report Summary 1. Report Information - The report is the Maike Futures Basis Statistics Table, dated November 6, 2025, 9:00 [2] 2. Core Information - **Data Sources**: Wind Financial Terminal, Steel Union Data Terminal. Some quotes are weekly updated data, and some spot quotes differ from the benchmark deliverable [3] - **Calculation Formula**: The basis rate is the main contract basis rate, calculated as (spot price - main contract price) / main contract price. The historical minimum and maximum basis rates are calculated based on samples from January 1, 2015, to the present [3] 3. Commodity Basis Rate Details - **Non - ferrous Metals**: - Copper (CU): Current month basis rate -0.11%, next month -0.30%, spot price 85332, source SMM 1 electrolytic copper [4] - Aluminum (AL): Current month -0.23%, next month -0.05%, spot 21300, source SMM A00 aluminum [4] - Zinc (ZN): Current month -0.49%, next month -0.02%, spot 22500, source SMM 0 zinc ingot [4] - Lead (PB): Current month -1.00%, next month 0.12%, spot 17325, source SMM 1 aluminum ingot [4] - Tin (T): Current month -0.26%, next month -0.54%, spot 281300, source SMM 1 tin [4] - Nickel (NI): Current month 0.93%, next month -0.30%, spot 120950, source SMM 1 electrolytic nickel [4] - Lithium Carbonate (LC): Current month 1.87%, next month 0.16%, spot 80440, source domestic 99.5% [4] - **Precious Metals**: - Gold (AU): Current month -0.30%, spot 909.53, source AuT + D: Shanghai Gold Exchange [4] - Silver (AG): Current month -0.32%, next month -0.35%, spot 11240, source Ag(T + D): Shanghai Gold Exchange [4] - **Industrial Metals and Others**: - Industrial Silicon (TA): Current month 5.47%, next month 0.76%, spot 9450, source SMM Huaniantongshi 223 silicon [4] - Iron Ore: Current month 5.86%, next month -1.43%, spot 821.5, source PB powder: 61%: Qingdao [4] - Steel Products: - Rebar (RB): Current month 4.83%, next month 0.03%, spot 3170, source HRB400: 20mm: Shanghai [4] - Hot - Rolled Coil (HC): Current month -0.09%, next month -0.5%, spot 3250, source Q235B: 4.75mm: Shanghai [4] - Stainless Steel: Current month 2.51%, next month 0.08%, spot 12850, source B04/2B: 2.0*1219: Ansteel Liuzhou Wuxi [4] - Glass (FG): Current month 3.01%, next month 0.75%, spot 1130, source North China 5mm float market price [4] - **Agricultural Products**: - Soybeans: Current month -4.92%, next month -1.5%, spot 3920, source domestic third - grade soybeans: Harbin [4] - Soybean Meal (M): Current month -2.20%, next month -3.03%, spot 2980, source ordinary protein soybean meal: Zhangjiagang [4] - Rapeseed Meal (RM): Current month 4.85%, next month -1.28%, spot 2660, source ordinary rapeseed meal: Nantong [4] - Vegetable Oils: - Soybean Oil (V): Current month 2.97%, next month -0.87%, spot 8380, source first - grade soybean oil: Zhangjiagang [4] - Rapeseed Oil (Ol): Current month 3.65%, next month 0.18%, spot 9750, source rapeseed oil: Jiangsu [4] - Peanut Oil (PK): Current month 10.28%, next month 0.14%, spot 8600, source Baisha peanuts: 45% oil content, 9% water content, Changtu [4] - Palm Oil (P): Current month -0.47%, next month 0.07%, spot 8220, source 24 - degree palm oil: Guangdong [4] - Grains: - Corn (C): Current month 1.45%, next month 0.05%, spot 2165, source second - grade national standard corn at Bayuquan Port [4] - Corn Starch (CS): Current month 2.41%, next month -0.29%, spot 2510, source factory - price corn starch: Changchun [4] - Others: - Apples (AP): Current month -12.75%, next month -0.78%, spot 7800, source Qixia, Luochuan paper - bagged red apples above 80 [4] - Eggs (JD): Current month 16.07%, next month -1.95%, spot 2700, source eggs: Cangzhou, Hebei [4] - Pigs (LH): Current month 0.04%, next month -2.23%, spot 11950, source external - one - yuan pigs in Henan [4] - Cotton (CF): Current month 8.89%, next month -0.76%, spot 14825, source cotton price index 328: Xinjiang [4] - **Chemicals**: - Sugar (SR): Current month 5.13%, next month 0.58%, spot 5720, source daily sugar: Liuzhou [4] - Methanol (MA): Current month -1.2%, next month -1.10%, spot 2115, source methanol: East China [4] - Ethanol (EG): Current month 1.81%, next month -0.08%, spot 3985, source ethanol: East China [4] - PTA (TA): Current month -1.30%, next month 0.09%, spot 4540, source PTA: East China [4] - Polypropylene (PP): Current month 7.84%, next month 1.13%, spot 7000, source market price of Hangzhou Shaoxing Sanyuan T30S [4] - Styrene (EB): Current month -0.09%, next month -0.82%, spot 6315, source styrene: East China [4] - Short - Fiber (PF): Current month 3.63%, next month 0.23%, spot 6400, source Fangxiang semi - bright pure - white 1.56*38mm polyester [4] - Plastic (Plastic): Current month 4.49%, next month 0.55%, spot 7120, source Yangzi Petrochemical DFDA - 7042: Hangzhou [4] - PVC (V): Current month 16.54%, next month 0.80%, spot 5405, source calcium carbide method: East China region [4] - Rubber (RU): Current month -3.37%, next month -1.52%, spot 14350, source Thai - produced: Qingdao Free Trade Zone [4] - 20 - Numbered Rubber (NR): Current month 8.71%, next month 0.29%, spot 12974, source Thai 20 standard rubber: Qingdao Free Trade Zone [4] - Soda Ash (SA): Current month -4.13%, next month -0.82%, spot 1145, source market price in Shahe, Chongqing [4] - Urea (UR): Current month -3.85%, next month -0.18%, spot 1570, source small - particle urea: Henan [4] - Pulp (SP): Current month 2.61%, next month -1.40%, spot 5500, source bleached softwood pulp: Silver Star: Chile [4] - **Energy**: - Crude Oil (SC): Current month -6.9%, next month -0.43%, spot 435.0, source Chinese Shengli: Circum - Pacific [4] - Fuel Oil (FU): Current month 3.95%, next month 0.33%, spot 2851, source bonded marine fuel oil 380CST: Zhoushan [4] - Asphalt (BU): Current month -0.82%, next month -0.10%, spot 3140, source heavy - traffic asphalt: market price: Shandong [4] - Low - Sulfur Fuel Oil (LU): Current month -1.6%, spot 3283, source marine fuel oil 0.5% low - sulfur: Singapore [4] - LPG (PG): Current month 2.81%, next month -0.85%, spot 4398, source market price: Guangzhou [4] - **Stock Index Futures**: - CSI 300 (IF): Current month 0.02%, next month 0.67%, spot 4627.3 [4] - SSE 50 (IH): Current month 0.18%, next month 0.02% [4] - CSI 500 (IC): Current month 0.07%, next month 1.71% [4]