Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints No information provided. 3. Summary by Categories Metals - **Ferrous Metals**: For silicon iron (SF603), the spot price is 5518, the futures price is 5578, and the basis is -60 with a basis rate of -1.08%. For silicon manganese (SM603), the spot price is 5810, the futures price is 5758, and the basis is 52 with a basis rate of 0.90%. For rebar (RB2605), the spot price is 3270, the futures price is 3240, and the basis is 30 with a basis rate of 0.93%. For hot - rolled coil (HC2605), the spot price is 3233, the futures price is 3240, and the basis is -7 with a basis rate of -0.22%. For iron ore (I2605), the spot price is 831, the futures price is 753, and the basis is 78 with a basis rate of 10.34%. For coke (J2601), the spot price is 1592, the futures price is 1504, and the basis is 88 with a basis rate of 9.87%. For coking coal (JM2605), the spot price is 1139, the futures price is 1061, and the basis is 78 with a basis rate of 7.35% [1]. - **Non - ferrous Metals**: For copper (CU2602), the spot price is 92400, the futures price is 92265, and the basis is 135 with a basis rate of 0.15%. For aluminum (AL2602), the spot price is 21710, the futures price is 21920, and the basis is -210 with a basis rate of -0.96%. For zinc (ZN2601), the spot price is 23430, the futures price is 23400, and the basis is 30 with a basis rate of 0.13%. For tin (SN2601), the spot price is 327390, the futures price is 324100, and the basis is 3290 with a basis rate of 1.00%. For nickel (NI2601), the spot price is 115050, the futures price is 114690, and the basis is 360 with a basis rate of 0.31%. For stainless steel (SS2602), the spot price is 12970, the futures price is 12480, and the basis is 490 with a basis rate of 3.93%. For lithium carbonate (LC2605), the spot price is 101060, the futures price is 95150, and the basis is 5910 with a basis rate of 6.21%. For industrial silicon (SI2605), the spot price is 9200, the futures price is 8350, and the basis is 850 with a basis rate of 10.18% [1]. Precious Metals - For gold (AU2602), the spot price is 983.2, the futures price is 977.1, and the basis is 6.1 with a basis rate of 0.62%. For silver (AG2602), the spot price is 14795.0, the futures price is 14793.0, and the basis is 2.0 with a basis rate of 0.01% [1]. Agricultural Products - For soybean meal (M2605), the spot price is 3060, the futures price is 2758.0, and the basis is 302.0 with a basis rate of 10.95%. For soybean oil (Y2605), the spot price is 8340, the futures price is 7940.0, and the basis is 400.0 with a basis rate of 5.04%. For palm oil (P2605), the spot price is 8560, the futures price is 8492.0, and the basis is 68.0 with a basis rate of 0.80%. For rapeseed meal (RM605), the spot price is 2520, the futures price is 2341.0, and the basis is 179.0 with a basis rate of 7.65%. For rapeseed oil (Oleos), the spot price is 9750, the futures price is 9196.0, and the basis is 554.0 with a basis rate of 6.02%. For corn (C2601), the spot price is 2320, the futures price is 2228.0, and the basis is 92.0 with a basis rate of 4.13%. For corn starch (CS2601), the spot price is 2650, the futures price is 2513.0, and the basis is 137.0 with a basis rate of 9.45%. For live pigs (H2603), the spot price is 11450, the futures price is 11305.0, and the basis is 145.0 with a basis rate of 1.28%. For eggs (JD2601), the spot price is 3122.0, the futures price is 3020, and the basis is 102.0 with a basis rate of 3.27%. For cotton (CF605), the spot price is 14884, the futures price is 14000.0, and the basis is 884.0 with a basis rate of 6.31%. For white sugar (SR605), the spot price is 5450, the futures price is 5207.0, and the basis is 243.0 with a basis rate of 4.67%. For apples (AP605), the spot price is 9232.0, the futures price is 9000, and the basis is 232.0 with a basis rate of 2.51%. For red dates (CJ605), the spot price is 8600, the futures price is 9025.0, and the basis is -425.0 with a basis rate of -4.71% [1]. Energy and Chemicals - For paraxylene (PX603), the spot price is 6784.0, the futures price is 6769.0, and the basis is 15.0 with a basis rate of 0.22%. For PTA (TA605), the spot price is 4628.0, the futures price is 4615.0, and the basis is 13.0 with a basis rate of 0.28%. For ethylene glycol (EG2601), the spot price is 3651.0, the futures price is 3630.0, and the basis is 21.0 with a basis rate of 0.58%. For polyester staple fiber (PF602), the spot price is 6265.0, the futures price is 6098.0, and the basis is 167.0 with a basis rate of 2.74%. For styrene (EB2601), the spot price is 6635.0, the futures price is 6487.0, and the basis is 148.0 with a basis rate of 2.28%. For methanol (MA605), the spot price is 2105.0, the futures price is 2074.0, and the basis is 31.0 with a basis rate of 1.49%. For urea (UR601), the spot price is 1700.0, the futures price is 1629.0, and the basis is 71.0 with a basis rate of 4.36%. For LLDPE (L2605), the spot price is 6600.0, the futures price is 6557.0, and the basis is 43.0 with a basis rate of 0.66%. For PP (PP2605), the spot price is 6305.0, the futures price is 6254.0, and the basis is 51.0 with a basis rate of 0.82%. For PVC (V2601), the spot price is 4330.0, the futures price is 4315.0, and the basis is 15.0 with a basis rate of 0.35%. For caustic soda (SH603), the spot price is 2218.8, the futures price is 2163.0, and the basis is 55.8 with a basis rate of 2.58%. For LPG (PG2601), the spot price is 4498.0, the futures price is 4181.0, and the basis is 317.0 with a basis rate of 7.58%. For asphalt (BU2602), the spot price is 2963.0, the futures price is 2920.0, and the basis is 43.0 with a basis rate of 1.45%. For butadiene rubber (BR2602), the spot price is 10845.0, the futures price is 10600.0, and the basis is 245.0 with a basis rate of 2.26%. For float glass (FG605), the spot price is 950.0, the futures price is 936.0, and the basis is 14.0 with a basis rate of 1.50%. For soda ash (SA605), the spot price is 1133.0, the futures price is 1123.0, and the basis is 10.0 with a basis rate of 0.88%. For natural rubber (RU2605), the spot price is 15200.0, the futures price is 14950.0, and the basis is 250.0 with a basis rate of 1.67% [1]. Financial Futures - For IF2512.CFE, the spot price is 4552.1, the futures price is 4545.6, and the basis is 6.5 with a basis rate of 0.14%. For IH2512.CFE, the spot price is 2987.1, the futures price is 2983.8, and the basis is 3.3 with a basis rate of 0.11%. For IC2512.CFE, the spot price is 7115.8, the futures price is 7114.0, and the basis is -1.8 with a basis rate of -0.03%. For IM2512.CFE, the spot price is 7309.1, the futures price is 7308.0, and the basis is 1.1 with a basis rate of 0.01%. For 2 - year bond (TS2603), the spot price is 102.44, the futures price is 100.08, and the basis is -0.05 with a basis rate of -0.05%. For 5 - year bond (TF2603), the spot price is 105.76, the futures price is 99.50, and the basis is -0.04 with a basis rate of -0.04%. For 10 - year bond (T2603), the spot price is 107.86, the futures price is 100.24, and the basis is 0.06 with a basis rate of 0.06%. For 30 - year bond (TL2603), the spot price is 126.03, the futures price is 111.60, and the basis is 0.34 with a basis rate of 0.30% [1].

Report Summary 1. Report Industry Investment Rating - No relevant content provided. 2. Core View of the Report - No relevant content provided. 3. Summary by Category Metal Commodities - **Ferrous Metals**: For silicon iron (SF603), the spot price is 5478, the futures price is 5418, the basis is 60, and the basis rate is 1.11%, with a historical quantile of 62.00%. For silicon manganese (SM603), the spot price is 5790, the futures price is 5712, the basis is 78, and the basis rate is 1.37%, with a historical quantile of 40.60%. For rebar (RB2605), the spot price is 3069, the futures price is 3270, the basis is -201, and the basis rate is -6.55%, with a historical quantile of 71.70%. For hot-rolled coil (HC2605), the spot price is 3250, the futures price is 3238, the basis is 12, and the basis rate is 0.37%, with a historical quantile of 22.90%. For iron ore (I2605), the spot price is 834, the futures price is 757, the basis is 77, and the basis rate is 10.19%, with a historical quantile of 59.70%. For coke (J2601), the spot price is 1595, the futures price is 1492, the basis is 103, and the basis rate is 6.72%, with a historical quantile of 94.79%. For coking coal (JM2605), the spot price is 1155, the futures price is 1035, the basis is 120, and the basis rate is 11.59%, with a historical quantile of 57.20% [1]. - **Non - Ferrous Metals**: For copper (CU2601), the spot price is 92665, the futures price is 92210, the basis is 455, and the basis rate is 0.49%, with a historical quantile of 89.58%. For aluminum (AL2602), the spot price is 21970, the futures price is 21890, the basis is 80, and the basis rate is 0.36%, with a historical quantile of 30.83%. For alumina (AO2601), the spot price is 2804, the futures price is 2469, the basis is 335, and the basis rate is 13.58%, with a historical quantile of 87.66%. For zinc (ZN2601), the spot price is 23040, the futures price is 22995, the basis is 45, and the basis rate is 0.20%, with a historical quantile of 67.29%. For tin (SN2601), the spot price is 320600, the futures price is 320000, the basis is 600, and the basis rate is 0.19%, with a historical quantile of 31.66%. For nickel (NISE0J), the spot price is 116700, the futures price is 115870, the basis is 830, and the basis rate is 0.72%, with a historical quantile of 88.54%. For stainless steel (225602), the spot price is 12970, the futures price is 12500, the basis is 470, and the basis rate is 3.76%, with a historical quantile of 84.97%. For lithium carbonate (LC2605), the spot price is 98880, the futures price is 93500, the basis is -2380, and the basis rate is -2.41%, with a historical quantile of 4.84%. For industrial silicon (SI2601), the spot price is 9200, the futures price is 8585, the basis is 615, and the basis rate is 7.04%, with a historical quantile of 60.60% [1]. Precious Metals - For gold (AU2602), the spot price is 957.9, the futures price is 952.4, the basis is 5.5, and the basis rate is 0.58%, with a historical quantile of 1.30%. For silver (AG2602), the spot price is 14488.0, the futures price is 14447.0, the basis is 41.0, and the basis rate is 0.28%, with a historical quantile of 16.70% [1]. Agricultural Commodities - For soybean meal (M2605), the spot price is 3050, the futures price is 2750, the basis is 300, and the basis rate is 10.91%, with a historical quantile of 68.80%. For soybean oil (Y2605), the spot price is 8430, the futures price is 8036, the basis is 394, and the basis rate is 4.90%, with a historical quantile of 69.20%. For palm oil (P2605), the spot price is 8642, the futures price is 8630, the basis is 12, and the basis rate is 0.14%, with a historical quantile of 23.00%. For rapeseed meal (RM605), the spot price is 2490, the futures price is 2323, the basis is 167, and the basis rate is 7.19%, with a historical quantile of 79.80%. For rapeseed oil (OI605), the spot price is 9890, the futures price is 9306, the basis is 584, and the basis rate is 6.28%, with a historical quantile of 81.00%. For corn (C2601), the spot price is 2300, the futures price is 2243, the basis is 57, and the basis rate is 2.54%, with a historical quantile of 71.50%. For corn starch (CS2601), the spot price is 2650, the futures price is 2523, the basis is 127, and the basis rate is 5.03%, with a historical quantile of 65.30%. For live pigs (H2603), the spot price is 11300, the futures price is 11220, the basis is 80, and the basis rate is 0.71%, with a historical quantile of 47.80%. For eggs (JD2601), the spot price is 3144, the futures price is 3020, the basis is -124, and the basis rate is -3.94%, with a historical quantile of 28.20%. For cotton (CF601), the spot price is 14835, the futures price is 13860, the basis is 975, and the basis rate is 7.03%, with a historical quantile of 52.30%. For sugar (SR605), the spot price is 5480, the futures price is 5245, the basis is 235, and the basis rate is 4.48%, with a historical quantile of 39.10%. For apples (AP605), the spot price is 9505, the futures price is 9000, the basis is 505, and the basis rate is 5.61%, with a historical quantile of 45.31%. For red dates (CJ605), the spot price is 9170, the futures price is 8600, the basis is 570, and the basis rate is 6.63%, with a historical quantile of 67.50% [1]. Energy and Chemical Commodities - For paraxylene (PX603), the spot price is 6816, the futures price is 6801, the basis is 15, and the basis rate is 0.22%, with a historical quantile of 23.60%. For PTA (TA601), the spot price is 4664, the futures price is 4650, the basis is 14, and the basis rate is 0.30%, with a historical quantile of 50.90%. For ethylene glycol (EG2601), the spot price is 3599, the futures price is 3580, the basis is 19, and the basis rate is 0.53%, with a historical quantile of 51.70%. For polyester staple fiber (PF602), the spot price is 6260, the futures price is 6122, the basis is 138, and the basis rate is 2.25%, with a historical quantile of 75.40%. For styrene (EB2601), the spot price is 6660, the futures price is 6505, the basis is 155, and the basis rate is 2.38%, with a historical quantile of 59.00%. For methanol (MA601), the spot price is 2105, the futures price is 2074, the basis is 31, and the basis rate is 1.49%, with a historical quantile of 58.20%. For urea (UR601), the spot price is 1710, the futures price is 1638, the basis is 72, and the basis rate is 4.40%, with a historical quantile of 39.10%. For LLDPE (L2605), the spot price is 6625, the futures price is 6534, the basis is 91, and the basis rate is 1.39%, with a historical quantile of 51.70%. For PP (PP2601), the spot price is 6325, the futures price is 6177, the basis is 148, and the basis rate is 2.40%, with a historical quantile of 66.60%. For PVC (V2601), the spot price is 4300, the futures price is 4276, the basis is 24, and the basis rate is 0.56%, with a historical quantile of 84.00%. For caustic soda (SH603), the spot price is 2219, the futures price is 2113, the basis is 106, and the basis rate is 5.00%, with a historical quantile of 63.80%. For LPG (PG2601), the spot price is 4448, the futures price is 4220, the basis is 228, and the basis rate is 5.40%, with a historical quantile of 45.50%. For asphalt (BU2602), the spot price is 2960, the futures price is 2930, the basis is 30, and the basis rate is 1.01%, with a historical quantile of 45.40%. For butadiene rubber (BR2602), the spot price is 10710, the futures price is 10600, the basis is 110, and the basis rate is 1.03%, with a historical quantile of 15.80%. For float glass (FG601), the spot price is 960, the futures price is 956, the basis is 4, and the basis rate is 0.42%, with a historical quantile of 77.31%. For soda ash (SA601), the spot price is 1113, the futures price is 1103, the basis is 10, and the basis rate is 0.90%, with a historical quantile of 53.15%. For natural rubber (RU2605), the spot price is 15185, the futures price is 14900, the basis is -285, and the basis rate is -1.91%, with a historical quantile of 80.20% [1]. Financial Futures - For IF2512.CFE, the spot price is 4552.2, the futures price is 4539.6, the basis is -12.6, and the basis rate is -0.28%, with a historical quantile of 33.70%. For IH2512.CFE, the spot price is 2977.0, the futures price is 2969.8, the basis is -7.2, and the basis rate is -0.24%, with a historical quantile of 28.20%. For IC2512.CFE, the spot price is 7082.9, the futures price is 7074.4, the basis is -8.5, and the basis rate is -0.12%, with a historical quantile of 71.40%. For IM2512.CFE, the spot price is 7312.0, the futures price is 7304.6, the basis is -7.4, and the basis rate is -0.10%, with a historical quantile of 75.60%. For 2 - year bond (T22603), the spot price is 102.48, the futures price is 100.08, the basis is -0.08, and the basis rate is -0.08%, with a historical quantile of 8.50%. For 5 - year bond (TF2603), the spot price is 105.90, the futures price is 99.60, the basis is -0.07, and the basis rate is -0.07%, with a historical quantile of 17.60%. For 10 - year bond (T2603), the spot price is 108.13, the futures price is 100.45, the basis is 0.02, and the basis rate is 0.02%, with a historical quantile of 18.10%. For 30 - year bond (TL2603), the spot price is 128.04, the futures price is 113.27, the basis is 0.47, and the basis rate is 0.41%, with a historical quantile of 70.40% [1].