注散信念众号 | 贵金属期现日报 | | | | | | | --- | --- | --- | --- | --- | --- | | 投资咨询业务资格: 证监许可 【 2011】1292号 | | | | | | | 2025年11月21日 | | | | 叶倩宁 | Z0016628 | | 国内期货收盘价 | | | | | | | 品种 | 11月20日 | 11月19日 | 涨跌 | 涨跌幅 | 单位 | | AU2512合约 | 932.56 | 937.00 | -4.44 | -0.47% | 7L/5 | | AG2512合约 | 12050 | 12148 | -98 | -0.81% | 元/干克 | | 外盘期货收盘价 | | | | | | | 品种 | 11月20日 | 11月19日 | 涨跌 | 张联帽 | 单位 | | COMEX黄金主力合约 | 4076.70 | 4078.30 | -1.60 | -0.04% | | | COMEX白银主力合约 | 50.36 | 51.07 | -0.71 | -1.39% | 美元/盎司 | | 现货价格 | | | | | | | ...

| 股指期货价差日报 | 投资咨询业务资格:证监许可【2011】1292号 | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 叶倩宁 | Z0016628 | 2025年11月21日 | 较前一日变化 | 品种 | 最新值 | 历史1年分位数 | 全历史分位数 | | | | | | | | | | 价名 | -25.75 | 34:80% | 17.50% | F期现价差 | -2.66 | | | | | | | | | | | | H期现价差 | 3.66 | -5.69 | 30.70% | 31.80% | 期现价差 | IC期现价差 | -61.95 | 6.00 | 37.20% | 12.90% | IM期现价差 | -76.81 | 7.29 | 95.00% | 25.50% | | 次月-当月 | -18.80 | -0.60 | 20.9096 | 24.10% | 李月-景月 ...

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Report Core Views No clear core views are presented in the given reports. The reports mainly provide daily data on various financial products including stock index futures, bond futures, precious metals, and container shipping, without explicit investment - related core views. 3. Summary by Related Catalogs 3.1 Stock Index Futures Spread Daily Report - **Futures - Spot Spreads**: For example, the F futures - spot spread was - 13.19, with a 1 - year historical quantile of 52.00% and an all - time quantile of 32.30%. Different contracts like H, IC, IM also had their respective futures - spot spreads and quantiles [1]. - **Inter - period Spreads**: Such as the spread between the next - month and current - month contracts for different varieties, with values and historical quantiles provided. For instance, the spread between the next - month and current - month contracts of a certain variety was - 14.60, with a 1 - year historical quantile of 28.60% and an all - time quantile of 29.30% [1]. - **Cross - variety Ratios**: Ratios like the ratio of IC to IF was 1.5543, with a change of - 0.0049, and 1 - year and all - time historical quantiles of 86.80% and 86.70% respectively [1]. 3.2 Bond Futures Spread Daily Report - **Basis**: The basis of different bond futures contracts such as TS, TF, T, TL was reported, along with their values, changes, and historical quantiles. For example, the T basis was 1.5950, with a historical quantile of 54.70% [2]. - **Inter - period Spreads**: Spreads between different contract periods (current - quarter, next - quarter, etc.) of bond futures were given, including values, changes, and historical quantiles. For example, the spread between the current - quarter and next - quarter contracts of TS was 0.0020, with a historical quantile of 21.40% [2]. - **Cross - variety Spreads**: Spreads between different bond futures varieties like TS - TF, TS - T were reported, with values, changes, and historical quantiles [2]. 3.3 Precious Metals Spot - Futures Daily Report - **Futures and Spot Prices**: Domestic and foreign futures closing prices, as well as spot prices of gold and silver, were presented, along with their changes and percentage changes. For example, the AU2512 contract of domestic gold futures closed at 937.00 yuan/gram on November 19, with a 2.01% increase [3]. - **Basis**: The basis between different gold and silver contracts (e.g., gold TD - Shanghai gold futures main contract) was reported, including values, changes, and historical quantiles. For example, the basis of gold TD - Shanghai gold futures main contract was - 2.72, with a historical quantile of 48.50% [3]. - **Ratios and Yields**: Ratios such as COMEX gold/silver and yields of US Treasury bonds (10 - year and 2 - year) were provided, along with their changes and percentage changes. For example, the COMEX gold/silver ratio was 79.86, with a - 0.76% change [3]. 3.4 Container Shipping Industry Spot - Futures Daily Report - **Shipping Indexes**: Settlement price indexes of container shipping (SCFIS for European and US - West routes) and Shanghai export container freight rates (SCFI) were reported, along with their changes and percentage changes. For example, the SCFIS (European route) was 1357.67 points on November 17, with a - 9.78% decrease compared to November 10 [5]. - **Futures Prices and Basis**: Futures prices of different container shipping contracts (e.g., EC2602) and their basis were presented, along with changes and percentage changes. For example, the EC2602 (main contract) was 1640.1 on November 19, with a - 2.26% decrease [5]. - **Fundamental Data**: Data on global container shipping capacity supply, port - related indicators (port on - time rate, port calls), export balances, and overseas economic indicators (PMI, consumer confidence index) were provided, along with their changes and percentage changes. For example, the global container shipping capacity supply was 3342.26 million TEU on November 19, with a 0.01% increase [5].

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the reports. 2. Core Views The reports mainly present the daily price differences, price changes, and relevant data of various financial products including stock index futures, treasury bond futures, precious metals, and container shipping indices. These data can help investors understand the market trends and relative valuations of different products. 3. Summary by Related Catalogs Stock Index Futures - **IF, IH, IC, IM期现价差**: The latest values of IF, IH, IC, and IM期现价差 are -16.65, -2.87, -91.05, and -128.68 respectively, with changes of 11.09, 5.15, 6.11, and 2.08 compared to the previous day. Their historical 1 - year percentiles are 47.90%, 39.30%, 27.40%, and 65.00% respectively, and the full - historical percentiles are 27.20%, 41.40%, 4.50%, and 14.30% respectively [1]. - **IF, IH, IC, IM跨期价差**: Different combinations of IF, IH, IC, and IM跨期价差 show various values, changes, and percentiles. For example, the IF跨期价差 of “次月 - 当月” is -14.40, with a change of -0.80, a historical 1 - year percentile of 29.00%, and a full - historical percentile of 29.60% [1]. - **跨品种比值**: Ratios such as “中证500/沪深300”, “IC/IF” etc. are presented, with corresponding changes and percentiles. For instance, “中证500/沪深300” is 1.5736, with a change of 0.0102, a historical 1 - year percentile of 90.10%, and a full - historical percentile of 67.90% [1]. Treasury Bond Futures - **基差**: The latest values of TS, TF, T, and TL基差 are 1.6915, 1.5952, 0.0842, and 1.9316 respectively, with changes of -0.0256, -0.0166, -0.0315, and -0.0414 compared to the previous day. Their percentiles since listing are 32.00%, 42.70%, 52.60%, and 71.30% respectively [3]. - **跨期价差**: Different combinations of TS, TF, T, and TL跨期价差 have different values, changes, and percentiles. For example, the TS跨期价差 of “当季 - 下季” is 0.0640, with a change of 0.0080 and a percentile of 37.50% [3]. - **跨品种价差**: Values and changes of “TS - TF”, “TS - T” etc. are provided. For example, “TS - TF” is -3.4250, with a change of -0.0040 and a percentile of 10.60% [3]. Precious Metals - **期货收盘价**: The 11 - 17 closing prices of AU2512 and AG2512 contracts are 929.46 and 11933 respectively, with changes of -23.74 (-2.49%) and -418 (-3.38%) compared to 11 - 14. The 11 - 17 closing prices of COMEX黄金 and silver主力 contracts are 4045.10 and 50.05 respectively, with changes of -39.30 (-0.96%) and -0.35 (-0.69%) compared to 11 - 14 [5]. - **现货价格**: The 11 - 17 prices of London gold and silver are 4044.51 and 50.18 respectively, with changes of -37.65 (-0.92%) and -0.34 (-0.67%) compared to 11 - 14. The 11 - 17 prices of gold and silver TD are 930.22 and 11970 respectively, with changes of -17.76 (-1.87%) and -356 (-2.89%) compared to 11 - 14 [5]. - **基差**: The values, changes, and historical 1 - year percentiles of “黄金TD - 沪金主力”, “白银TD - 沪银主力” etc. are given. For example, “黄金TD - 沪金主力” is 0.76, with a change from -5.22 and a historical 1 - year percentile of 96.70% [5]. - **比值、利率与汇率、库存与持仓**: Ratios like “COMEX金/银”, “上期所金/银”, interest rates of 10 - year and 2 - year US Treasury bonds, dollar index, and inventory and持仓 data of precious metals are presented with corresponding changes [5]. Container Shipping - **集运指数**: The 11 - 17 values of SCFIS (European route) and SCFIS (US West route) are 1357.67 and 1238.42 respectively, with changes of -147.1 (-9.78%) and -91.3 (-6.87%) compared to 11 - 10. The 11 - 14 values of SCFI综合指数, SCFI (European), and SCFI (US West) etc. are also provided with corresponding changes [7]. - **期货价格及基差**: The 11 - 13 prices of EC2602, EC2604 etc. contracts are presented with changes compared to 11 - 12. The 11 - 13基差(主力) is -125.4, with a change of -11.0 compared to the previous value [7]. - **基本面数据**: Data on global container运力供给, Shanghai port准班率, 港口挂靠情况, monthly出口舍额, overseas economic indicators such as eurozone综合PMI, EU consumer confidence index, US制造业PM指数, and OECD综合领先指标 are provided with their respective changes [7].

Report Industry Investment Rating - No information provided in the reports Core Views - The reports present daily data on various financial products including stock index futures spreads, bond futures spreads, precious metals futures and spot prices, and container shipping industry index data, offering insights into market trends and price changes [1][2][3][5] Summary by Related Catalogs Stock Index Futures Spreads - **Price Differences**: IF, IH, IC, and IM futures show different price spreads and changes compared to the previous day, with historical 1 - year and full - history quantiles provided. For example, IF's current - spot spread is - 27.74, up 15.60% from the previous day [1] - **Inter - period Spreads**: Different inter - period spreads (e.g., next month - current month, far month - next month) of each futures type also have their own values, changes, and quantiles [1] - **Cross - variety Ratios**: Ratios such as CSI 500/CSI 300, IC/IF, etc., show their values, changes, and quantiles [1] Bond Futures Spreads - **Basis**: TS, TF, T, and TL basis values are presented, along with their changes and percentiles since listing. For example, TS basis is 1.3494, up 0.0020 from the previous day, with a 14.20% percentile since listing [2] - **Inter - period Spreads**: Different inter - period spreads of each bond futures type (e.g., current quarter - next quarter) are given, including their values, changes, and percentiles [2] - **Cross - variety Spreads**: Spreads between different bond futures types (e.g., TS - TF, TS - T) are provided, along with their values, changes, and percentiles [2] Precious Metals Futures and Spot - **Domestic Futures**: AU2512 and AG2512 contracts' closing prices on November 14 and 13 are presented, along with their price changes and percentage changes. For example, AU2512 closed at 953.20 on November 14, down 0.83% from the previous day [3] - **Foreign Futures**: COMEX gold and silver futures' closing prices on November 14 and 13 are given, along with their price changes and percentage changes. For example, COMEX gold closed at 4084.40 on November 14, down 2.16% from the previous day [3] - **Spot Prices**: London gold and silver, and domestic gold and silver T + D spot prices on November 14 and 13 are presented, along with their price changes and percentage changes [3] - **Basis**: Basis values between gold TD - Shanghai gold main contract, silver TD - Shanghai silver main contract, etc., are provided, along with their changes and historical 1 - year quantiles [3] - **Gold - Silver Ratios**: COMEX and SHFE gold - silver ratios are presented, along with their values, changes, and percentage changes [3] - **Interest Rates and Exchange Rates**: 10 - year and 2 - year US Treasury yields, 10 - year TIPS Treasury yields, US dollar index, and offshore RMB exchange rate are given, along with their values, changes, and percentage changes [3] - **Inventory and Positions**: Inventories of SHFE gold and silver, COMEX gold and silver, and positions of SPDR gold ETF and SLV silver ETF are presented, along with their values, changes, and percentage changes [3] Container Shipping Industry - **Shipping Indexes**: SCFIS (European and US West routes) and SCFI (composite, European, US West, and US East) indexes are presented, along with their values, changes, and percentage changes [5] - **Futures Prices and Basis**: Futures prices of different contracts (e.g., EC2602, EC2512) and the basis of the main contract are given, along with their values, changes, and percentage changes [5] - **Fundamental Data**: Global container shipping capacity supply, Shanghai port - related indicators (quasi - punctuality rate, berthing situation), monthly export volume, overseas economic indicators (eurozone composite PMI, EU consumer confidence index, US manufacturing PMI), and OECD composite leading indicators are presented, along with their values, changes, and percentage changes [5]

Report Industry Investment Rating No relevant content provided. Core View of the Report No explicit core view is presented in the provided reports. The reports mainly offer data on various financial products such as stock index futures, bond futures, precious metals, and container shipping, including prices, price changes, and historical quantiles. Summary by Relevant Catalogs Stock Index Futures Spread Daily Report - **Price and Spread Data**: The report provides current values, changes from the previous day, 1 - year historical quantiles, and all - time historical quantiles for various stock index futures price spreads, including IF, IH, IC, and IM. For example, the IF spot - futures spread is - 27.74, with a 15.60% change from the previous day [1]. - **Cross - variety Ratios**: It also presents cross - variety ratios such as CSI 200/CSI 300, CSI 500/CSI 300, etc., along with their current values, changes, and historical quantiles [1]. Bond Futures Spread Daily Report - **Basis and Spread Data**: The report shows basis data for TS, TF, T, and TL bond futures, including current values, changes from the previous day, and historical quantiles since listing. For instance, the TS basis is 1.3494, with a 0.0020 change from the previous day [2]. - **Cross - period and Cross - variety Spreads**: It provides cross - period spreads (e.g., current quarter - next quarter) and cross - variety spreads (e.g., TS - TF) for different bond futures, along with their values, changes, and historical quantiles [2]. Precious Metals Spot - Futures Daily Report - **Price Data**: The report includes domestic and foreign futures closing prices, spot prices, basis, gold - to - silver ratios, interest rates, exchange rates, inventory, and positions for precious metals (gold and silver). For example, the AU2512 contract closed at 953.20 on November 14, down 0.83% from the previous day [3]. - **Basis and Ratio Changes**: It shows changes in basis and gold - to - silver ratios, such as the gold TD - Shanghai gold main contract basis being - 5.22, with a - 2.67 change [3]. Container Shipping Industry Spot - Futures Daily Report - **Index and Price Data**: The report provides settlement price indices for container shipping (SCFIS for European and US - West routes), Shanghai export container freight rates, futures prices, and basis for container shipping contracts. For example, the SCFIS (European route) settlement price index was 1504.80 on November 10, up 24.50% from November 3 [5]. - **Fundamental Data**: It includes fundamental data such as global container shipping capacity supply, port - related indicators (quasi - on - time rate, port calls), monthly export amounts, and overseas economic indicators (PMI, consumer confidence index) [5].

Report Summary 1. Report Information - Report Title: Container Shipping Index Daily Report [1] - Date: November 14, 2025 [2] - Research Team: Macro Financial Team [4] - Researchers: He Zhuoqiao, Huang Wenxin, Nie Jiayi [3] 2. Investment Rating - No investment rating is provided in the report. 3. Core View - Although the actual demand may not support a large price increase, the freight rate is likely to form a bottom - up trend, and the bottom of the freight rate within the year may have appeared. It is recommended to pay attention to short - selling the off - season 04 contract on rallies [8]. 4. Summary by Directory 4.1 Market Review and Operation Suggestions - The SCFIS index rose 24.5% week - on - week to 1504.8 this week, better than expected. The price increase in the first half of November was well - implemented, but the second - half increase fell short. Shipping companies' quoted price increases in November and December were lower than before. The 12 - month contract is in a premium state, and the market is considering the price increase space and implementation. The 02 contract has strong expectations of the pre - Spring Festival shipping peak, driving up far - month contracts [8]. 4.2 Industry News - From November 3 to 7, the China export container shipping market was generally stable, with freight rates diverging by route. The comprehensive index declined slightly. China's exports in October decreased by 1.1% year - on - year in US dollars, and the growth rate slowed down compared to September. In the European route, the eurozone's composite PMI in October reached 52.5, but different countries had different economic performances. The freight rate in the European route declined after continuous increases, while the Mediterranean route's freight rate increased slightly. In the North American route, the US government shutdown has lasted for 36 days, and the freight rate dropped from a high level. The situation in northern Israel is tense, and Egypt has proposed a new plan [9][10]. 4.3 Data Overview - **Container Shipping Spot Prices**: The SCFIS European route index rose from 1208.71 to 1504.8, a 24.5% increase; the US - West route index rose from 1267.15 to 1329.71, a 4.9% increase [12]. - **Container Shipping Index (European Line) Futures Quotes**: The trading data of different contracts on November 13 are shown in Table 1, including opening price, closing price, settlement price, price change, and trading volume [6]. - **Shipping - Related Data Charts**: There are multiple charts showing data such as container ship capacity in Europe, global container ship orders, and shipping freight rates [13][18][19]

Report 1: Stock Index Futures Spread Daily Report Core View - Presents the latest data on stock index futures spreads including price differences between futures and spot, inter - period spreads, and cross - variety ratios, along with their changes from the previous day and historical percentile rankings [1] Summary by Category - **Futures - Spot Price Differences**: F futures - spot price difference is - 7.17, H is - 4.87, IC is - 86.29, and IM is - 112.18 with various percentage changes and historical percentile rankings [1] - **Inter - period Spreads**: Different inter - period spreads such as next month - current month, quarterly month - current month, etc. are provided for IF, IH, IC, and IM, showing their values, changes, and historical percentile rankings [1] - **Cross - variety Ratios**: Ratios like CSI 500/CSI 300, IC/IF, etc. are given with their values, changes, and historical percentile rankings [1] Report 2: Treasury Bond Futures Spread Daily Report Core View - Displays the latest data on treasury bond futures spreads including basis, inter - period spreads, and cross - variety spreads, along with their changes from the previous day and historical percentile rankings [2] Summary by Category - **Basis**: TS basis is 1.5208, TF is 1.2620, T is 1.3841, and TL is 1.2692 with corresponding changes and historical percentile rankings [2] - **Inter - period Spreads**: Inter - period spreads for TS, TF, T, and TL such as current quarter - next quarter, current quarter - distant quarter, etc. are presented with their values, changes, and historical percentile rankings [2] - **Cross - variety Spreads**: Spreads like TS - TF, TS - T, etc. are provided with their values, changes, and historical percentile rankings [2] Report 3: Precious Metals Spot - Futures Daily Report Core View - Provides the latest data on precious metals including domestic and foreign futures closing prices, spot prices, basis, price ratios, interest rates, exchange rates, and inventory and position data, along with their changes [4] Summary by Category - **Futures Closing Prices**: Domestic AU2512 contract closed at 961.22 yuan/gram, AG2512 at 12588 yuan/kilogram; foreign COMEX gold at 4174.50, COMEX silver at 52.23 dollars/ounce with corresponding changes [4] - **Spot Prices**: London gold at 4170.87, London silver at 52.33 dollars/ounce, Shanghai Gold Exchange gold T + D at 958.67 yuan/gram, silver T + D at 12563 yuan/kilogram with corresponding changes [4] - **Basis**: Gold TD - Shanghai gold main contract basis is - 2.55, silver TD - Shanghai silver main contract basis is - 25 with corresponding changes and historical percentile rankings [4] - **Price Ratios**: COMEX gold/silver ratio is 79.93, Shanghai Futures Exchange gold/silver ratio is 76.36 with corresponding changes [4] - **Interest Rates and Exchange Rates**: 10 - year US Treasury yield is 4.11%, 2 - year is 3.58%, 10 - year TIPS Treasury yield is 1.83%, US dollar index is 99.18, offshore RMB exchange rate is 7.0974 with corresponding changes [4] - **Inventory and Position**: Shanghai Futures Exchange gold inventory is 90426, silver inventory is 584014 kilograms; COMEX gold and silver inventories, registered warrants, and ETF positions are provided with their changes [4] Report 4: Container Shipping Industry Spot - Futures Daily Report Core View - Offers the latest data on the container shipping industry including spot quotes, freight indices, futures prices, basis, and fundamental data, along with their changes [5] Summary by Category - **Spot Quotes**: Shanghai - Europe future 6 - week freight rates from different shipping companies show various changes [5] - **Freight Indices**: SCFIS (European route) settled at 1504.80, SCFIS (US West route) at 1329.71; Shanghai Export Container Freight Index and its sub - indices show different changes [5] - **Futures Prices and Basis**: EC2512 (main contract) futures price is 1782.3 with a 1.88% increase, and the basis (main contract) is 21.7 with a - 33.64% change [5] - **Fundamental Data**: Global container shipping capacity supply remains unchanged; Shanghai port on - time rate, port calls, monthly export amount, overseas economic indicators, and OECD leading indicators show different changes [5]

1. Report Industry Investment Rating - No information provided in the given reports. 2. Core Views - The reports present the latest data on various financial products including stock index futures spreads, precious metal futures and spot prices, container shipping industry indices, and related market indicators, offering a snapshot of the market conditions on November 13, 2025 [1][4][6]. 3. Summary by Related Catalogs Stock Index Futures Spreads - **IF**: The current - spot spread was -17.91, up 7.46 from the previous day, with a 1 - year historical quantile of 44.60% and an all - time quantile of 25.70%. Different inter - period spreads also showed specific values and changes [1]. - **IH**: The current - spot spread was -1.50, up 0.13, with a 1 - year historical quantile of 46.30% and an all - time quantile of 48.10%. Inter - period spreads had their own values and changes [1]. - **IC**: The current - spot spread was -88.05, up 30.56, with a 1 - year historical quantile of 28.60% and an all - time quantile of 5.30%. Inter - period spreads also had corresponding data [1]. - **IM**: The current - spot spread was -116.58, down 8.14, with a 1 - year historical quantile of 95.00% and an all - time quantile of 16.20%. Inter - period spreads were presented as well [1]. - **Cross - variety Ratios**: Ratios such as CSI 500/CSI 300, IC/IF, etc., showed specific values and changes, along with their historical quantiles [1]. Bond Futures Spreads - **Basis**: TS basis had an IRR of 1.5571, down 0.0174, with a historical quantile of 24.30%. Other bond basis data like TF, T, and TL also had their values and changes [3]. - **Inter - period Spreads**: For different bonds like TS, TF, T, and TL, inter - period spreads had specific values and changes, along with their historical quantiles [3]. - **Cross - variety Spreads**: Spreads between different bond futures such as TS - TF, TS - T, etc., were reported with their values and changes [3]. Precious Metals - **Domestic Futures**: AU2512 contract closed at 945.76 yuan/g on November 12, down 0.33% from the previous day. AG2512 contract closed at 12073 yuan/kg, up 1.62% [4]. - **Foreign Futures**: COMEX gold主力 contract closed at 4201.40, up 1.65%. COMEX silver主力 contract closed at 53.23 dollars/ounce, up 4.22% [4]. - **Spot Prices**: London gold was at 4194.61 dollars/ounce, up 1.68%. London silver was at 53.26 dollars/ounce, up 3.99% [4]. - **Basis**: Gold TD - Shanghai gold主力 had a basis of -1.45, up 0.93, with a 1 - year historical quantile of 74.20%. Silver TD - Shanghai silver主力 had a basis of 19, up 34, with a 1 - year historical quantile of 98.30% [4]. - **Ratios**: COMEX gold/silver ratio was 78.93, down 2.47%. Shanghai Futures Exchange gold/silver ratio was 78.34, down 1.92% [4]. - **Interest Rates and Exchange Rates**: 10 - year US Treasury yield was 4.08%, down 1.2%. The US dollar index was 99.48, unchanged [4]. - **Inventory and Positions**: Inventories of gold and silver in domestic and foreign exchanges showed different changes, and ETF positions also had slight changes [4]. Container Shipping Industry - **Indices**: SCFIS (European route) was 1504.80, up 24.50% compared to November 3. SCFI comprehensive index was 1495.10, down 3.59% compared to October 31 [6]. - **Futures Prices and Basis**: Futures contracts like EC2602, EC2604, etc., had price changes. The basis of the main contract was 32.7, up 72.9 from the previous day [6]. - **Fundamentals**: Global container shipping capacity supply was 3339.88 million TEU, up 0.04%. Shanghai port on - time rate was 49.08%, up 14.75% [6].

1. Report Industry Investment Rating - No relevant information provided in the reports. 2. Core Views - The reports present daily data on various futures, including stock index futures, treasury bond futures, precious metal futures, and container shipping futures. They show price changes, spreads, and related market indicators for these futures on November 10 - 11, 2025 [1][2][4][5]. 3. Summary by Related Catalogs Stock Index Futures - **Price Differences**: The reports provide data on the price differences between futures and spot prices, as well as inter - period and cross - variety price differences for IF, IH, IC, and IM futures. For example, the IF period - spot price difference was - 23.05, a change of - 3.66 from the previous day [1]. - **Percentiles**: Historical 1 - year and full - historical percentiles are given for each price difference, which can help investors understand the relative position of current price differences in history. For instance, the historical 1 - year percentile of the IF period - spot price difference was 37.20% [1]. Treasury Bond Futures - **IRR and Basis**: The internal rate of return (IRR) and basis data are provided for TS, TF, T, and TL treasury bond futures. For example, the TS basis was 1.5852, a change of - 0.0211 from the previous day, and the IRR percentile was 25.70% [2]. - **Inter - period and Cross - variety Spreads**: Data on inter - period spreads (e.g., current quarter - next quarter) and cross - variety spreads (e.g., TS - TF) are presented, along with their percentiles since listing [2]. Precious Metal Futures - **Prices**: Domestic and foreign futures closing prices, as well as spot prices, are provided for gold and silver. For example, the AU2512 contract closed at 935.98 yuan/gram on November 10, a rise of 14.72 yuan from November 7 [4]. - **Spreads and Ratios**: The reports show basis spreads, cross - variety ratios, and changes in interest rates and exchange rates. For example, the COMEX gold/silver ratio was 81.81 on November 10, a decrease of 1.30 from the previous value [4]. Container Shipping Futures - **Index and Price**: The settlement price indices of SCFIS for European and US - West routes, as well as the Shanghai Export Container Freight Index (SCFI), are provided. Futures prices and basis spreads for different contracts are also given. For example, the SCFIS (European route) was 1504.80 on November 10, a 24.50% increase from November 3 [5]. - **Fundamentals**: Data on container shipping fundamentals, such as global container shipping capacity supply, port punctuality, and overseas economic indicators, are presented. For example, the global container shipping capacity supply was 3338.60 million TEU on November 10, a marginal increase from the previous day [5].