| 留注 | 品种/合约 | 现货价格 | 期货价格 | 历史分位数 | 基差 | 县左率 | 现货参考 | 折算价:72硅铁合格块:内蒙-天津仓单 | -4 | -0.07% | 硅铁 (SF603) | 5632 | 54.90% | 5628 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 185% | 硅罐(SM603) | 5940 | 2835 | 108 | 46.30% | 折算价:6517硅锰:内蒙-湖北仓单 | 117 | 3.75% | HRB40020mm:上海 | 螺纹钢 (RB2605) | 3240 | 3123 | 52.10% | | | | | | -10 | 热卷(HC2605) | 3270 | 3280 | -0.30% | Q235B: 4.75mm: 上海 | 14.30% | 54 | 837 | 6.94% | 783 | 43.40% | 折算价:62.5%巴混粉(BR ...

体报告内容德想必获语于部门发射竞再找后认为可以的已公开资料，但"发挥的过应盛信息的高的危险无奈胜还不用任何保证。本报告诉郑伟员《责经不同说点。见解及分行方法，并不代表厂发销运度利润利和放立场，在印情况下，报告中国政策参考，报告中国政策参考，报律中国政策参考，报律中国政策参考，报律中国政策参考，报律中国政策部 或所难这的感见乎不何动用放品种子类的出价面的价，投资者提出放器，风险目色，本质告高在对送给厂就销投销竞客户及其他专业人士，极吸旧"发期货币库，来经广发脱贫策面倒贸，任何人不得的不报告进行任问例式放发示。复制。成丹用、节度，和无限、消费、消费、消费、补助、微器融处处了" 发期货"。 知识图强,求实奉献,客户至上,合作共赢 | 硅铁 (SF603) | 72 | 64.50% | 折算价:72硅铁合格块:内蒙-天津仓单 | 1.B0% | રકરે | 5628 | 2 83% | 硅罐(SM603) | 164 | 折算价:6517硅锰:内蒙-湖北仓单 | 5950 | 5786 | 57.10% | | | | | | --- | --- | --- | --- | --- | --- | --- | - ...

| 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 - Not mentioned in the provided content 2. Core View of the Report - Not mentioned in the provided content 3. Summary by Related Catalogs Metals and Minerals - **Ferroalloys**: The price of 72-silicon ferroalloy qualified blocks in Inner Mongolia - Tianjin warehouse receipts increased by 2.56% to 5728, and its historical quantile is 54.50%. The price of 6517-silicon manganese in Inner Mongolia - Hubei warehouse receipts is 6517 [1]. - **Steel Products**: The price of HRB400 20mm in Shanghai increased by 4.11% to 3160, and the price of Q235B 4.75mm in Shanghai decreased by 0.151% to 3307. The price of rebar (RB2605) is 3290, and the price of hot - rolled coil (HC2605) is 3290 [1]. - **Iron Ore**: The price of iron ore (I2605) increased by 7.49% to 874, and the historical quantile is 47.70%. The converted price of 62.5% Brazilian mixed powder (BRBF) from Vale at Rizhao Port is 1745, with a historical quantile of 65.45% [1]. - **Coke and Coking Coal**: The price of coke (J2605) and the converted price of quasi - first - grade metallurgical coke at Rizhao Port are provided, and the price of coking coal (JM2605) is 1156, and the converted price of S1.3 G75 main coking coal (Meng 5) at Shaheyi is 1188 [1]. - **Non - ferrous Metals**: The price of copper (CU2603) is 102575, the price of aluminum (AL2603) decreased by 0.76% to 24375, and the price of zinc (ZN2603) is 25090. The price of tin (SN2602) decreased by 7000, and the price of nickel is 146500. The price of stainless steel (SS2603) is 14570, the price of lithium carbonate (LC2605) decreased by 2.59% to 163220, and the price of industrial silicon (SISEOF) increased by 5.96% to 8730 [1]. - **Precious Metals**: The price of gold (AU2602) is 1035.2, and the price of silver (AG2604) is 22684.0 [1]. Agricultural Products - The price of soybean meal (M2605) is 3090, the price of soybean oil (Y2605) is 7938.0, the price of palm oil (P2605) is 8540, the price of rapeseed meal (RM605) is 2460, the price of rapeseed oil (Oleos) is 9670, the price of corn (C2603) is 2355, the price of corn starch (CS2603) is 2565.0, the price of live pigs (H2603) is 11950.0, the price of eggs (JD2603) is 3066.0, the price of cotton (CF605) is 15700, the price of sugar (SR605) is 5390, the price of apples (AP605) is 9807.0, and the price of red dates (CJ605) is - 840.0 [1]. Energy and Chemicals - The price of p - xylene (PX603) is 7130.0, the price of PTA (TA605) is 5048.0, the price of ethylene glycol (EG2605) is 3675.0, the price of polyester staple fiber (PF603) is 6394.0, the price of styrene (EB2602) is 7235.0, the price of methanol (MA605) is 2273.0, the price of urea (UR605) is 1801.0, the price of LLDPE (L2605) is 6785.0, the price of PP (PP2605) is 6592.0, the price of PVC (V2605) is 4868.0, the price of caustic soda (SH603) is 2056.0, the price of LPG (PG2603) is 4233.0, the price of asphalt (BU2603) is 3167.0, the price of butadiene rubber (BR2603) is 12100.0, the price of float glass (FG605) is 936.0, the price of soda ash (SA605) is 1193.0, and the price of natural rubber (RU2605) is 15995.0 [1]. Financial Futures - The price of IF2603.CFE is 4751.4, the price of IH2603.CFE is 3105.6, the price of IC2603.CFE is 8206.8, the price of IM2603.CFE is 8195.4, the price of 2 - year bond (TS2603) is 100.07, the price of 5 - year bond (TF2603) is 105.76, the price of 10 - year bond (T2603) is 108.05, and the price of 30 - year bond (TL2603) is 111.26 [1].

| 留注 | 品种/合约 | 期货价格 | 基差率 | 历史分位数 | 现货价格 | 星差 | 现货参考 | 折算价:72硅铁合格块:内蒙-天津仓单 | 0.07% | 38 | 硅铁 (SF603) | 5/28 | 59.50% | 5690 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1.69% | 100 | 6020 | 硅罐 (SM603) | 5920 | 45.70% | 折算价:6517硅锰:内蒙-湖北仓单 | 4.36% | HRB40020mm: 上海 | 3300 | 138 | 螺纹钢 (RB2605) | 3162 | 59.00% | | | | | | Q235B: 4.75mm: 上海 | -36 | -1.09% | 3270 | 3306 | 热卷(HC2605) | 6.70% | 64 | 7.75% | 铁矿石 (12605) | 49.40% | 折算价:62.5%巴混粉 ...

2026年1月6日 | 折算价:72硅铁合格块:内蒙-天津仓单 | 0.25% | 56.90% | 硅铁 (SF603) | 5624 | 14 | 5638 | 46 | 0.78% | 5874 | 折算价:6517硅锰:内蒙-湖北仓单 | 5920 | 硅锰(SM603) | 35.00% | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 186 | 5.99% | 3290 | 69.90% | HRB40020mm: 上海 | 螺纹钢 (RB2605) | 3104 | Q235B: 4.75mm: 上海 | 2 | 0.06% | 3250 | 3248 | 19.60% | 热卷 (HC2605) | | | | | | 74 | 871 | 797 | 9.24% | 折算价:62.5%巴混粉(BRBF):淡水河谷:日照港 | 铁矿石 (12605) | 56.90% | 3.23% | 53 | 1 ...

Report Overview - The report is a daily spread report on all varieties dated December 31, 2025, with investment consulting business qualification (Certificate No. [2011] 1292) [2] Commodity Analysis Ferrous Metals - **Silicon Iron (SF603)**: Futures price is 5750, the spot price is 5678, the basis is -72, the basis rate is -1.29%, and the historical quantile is 48.60% [1] - **Silicon Manganese (SM603)**: Futures price is 5942, the basis is -0.37%, and the historical quantile is 21.60% [1] - **Rebar (RB2605)**: Futures price is 3134, the spot price is 3300, the basis is 166, the basis rate is 5.30%, and the historical quantile is 66.60% [1] - **Hot Rolled Coil (HC2605)**: Futures price is 3282, the basis is 17.70%, and the historical quantile is not provided [1] - **Iron Ore (I2605)**: Futures price is 870, the spot price is 789, the basis is -81, the basis rate is -10.22%, and the historical quantile is 61.00% [1] - **Coke (J2605)**: Futures price is 1715, the spot price is 1713, the basis is -2, the basis rate is -0.14%, and the historical quantile is 63.40% [1] - **Coking Coal (JM2605)**: Futures price is 1156, the spot price is 1120, the basis is 37, the basis rate is 3.26%, and the historical quantile is 36.70% [1] Non - Ferrous Metals - **Copper (CU2602)**: Futures price is 97620, the spot price is 98090, the basis is -470, the basis rate is -0.48%, and the historical quantile is 14.37% [1] - **Aluminum (AL2602)**: Futures price is 22180, the spot price is 22565, the basis is -385, the basis rate is -1.71%, and the historical quantile is 0.41% [1] - **Alumina (AO2605)**: Futures price is 2701, the spot price is 2751, the basis is -50, the basis rate is -1.82%, and the historical quantile is 17.62% [1] - **Zinc (ZN2602)**: Futures price is 23230, the spot price is 23380, the basis is -150, the basis rate is -0.64%, and the historical quantile is 23.95% [1] - **Tin (SN2602)**: Futures price is 323500, the spot price is 326330, the basis is -2830, the basis rate is -0.87%, and the historical quantile is 8.95% [1] - **Nickel (NI2602)**: Futures price is 129300, the spot price is 132390, the basis is -3090, the basis rate is 0.62%, and the historical quantile is 400 (not clear if this is correct format) [1] - **Stainless Steel (SS2602)**: Futures price is 13090, the spot price is 13320, the basis is 230, the basis rate is 1.76%, and the historical quantile is 42.91% [1] - **Lithium Carbonate (LC2605)**: Futures price is 118000, the spot price is 121580, the basis is -3580, the basis rate is -2.94%, and the historical quantile is 13.21% [1] - **Industrial Silicon (SIS605)**: Futures price is 335, the spot price is 9250, the basis is 8915, the basis rate is 19.96%, and the historical quantile is not provided [1] Precious Metals - **Gold (AU2602)**: Futures price is 982.2, the spot price is 984.8, the basis is -2.6, the basis rate is -0.27%, and the historical quantile is 29.40% [1] - **Silver (AG2604)**: Futures price is 18119.0, the spot price is 18140.0, the basis is -21.0, the basis rate is -0.12%, and the historical quantile is 49.40% [1] Agricultural Products - **Soybean Meal (M5605)**: Futures price is 2778.0, the spot price is 3060, the basis is 282.0, the basis rate is 10.15%, and the historical quantile is 67.90% [1] - **Soybean Oil (A5e02)**: Futures price is 7878.0, the spot price is 8300, the basis is 422.0, the basis rate is 5.36%, and the historical quantile is 73.30% [1] - **Palm Oil (P2605)**: Futures price is 8620, the spot price is 8658.0, the basis is -38.0, the basis rate is -0.44%, and the historical quantile is 15.50% [1] - **Rapeseed Meal (RM605)**: Futures price is 2403.0, the spot price is 2550, the basis is 147.0, the basis rate is 6.12%, and the historical quantile is 75.90% [1] - **Rapeseed Oil (Oleos)**: Futures price is 9086.0, the spot price is 9820, the basis is 734.0, the basis rate is 8.08%, and the historical quantile is 94.60% [1] - **Corn (C2603)**: Futures price is 2230.0, the spot price is 2330, the basis is 100.0, the basis rate is 4.48%, and the historical quantile is 88.70% [1] - **Corn Starch (CS2603)**: Futures price is 2526.0, the spot price is 2620, the basis is 94.0, the basis rate is 3.72%, and the historical quantile is 42.90% [1] - **Live Hogs (H2603)**: Futures price is 11790.0, the spot price is 12500, the basis is 710.0, the basis rate is 6.02%, and the historical quantile is 68.50% [1] - **Eggs (JD2602)**: Futures price is 2910, the spot price is 2938.0, the basis is -28.0, the basis rate is -0.99%, and the historical quantile is 36.80% [1] - **Cotton (CF605)**: Futures price is 14560.0, the spot price is 15384, the basis is 824.0, the basis rate is 5.66%, and the historical quantile is 34.80% [1] - **Sugar (SR605)**: Futures price is 5258.0, the spot price is 5420, the basis is 162.0, the basis rate is 3.08%, and the historical quantile is 0.00% [1] - **Apples (AP605)**: Futures price is 9200, the spot price is 9200, the basis is 0.0, the basis rate is 23.70%, and the historical quantile is not provided [1] - **Red Dates (CJ605)**: Futures price is 8300, the spot price is 9020.0, the basis is -720.0, the basis rate is -7.98%, and the historical quantile is 58.30% [1] Energy and Chemicals - **Paraxylene (PX603)**: Futures price is 7316.0, the spot price is 7203.0, the basis is -113.0, the basis rate is -1.54%, and the historical quantile is 9.20% [1] - **PTA (TA605)**: Futures price is 5144.0, the spot price is 5100.0, the basis is 44.0, the basis rate is -0.80%, and the historical quantile is 40.00% [1] - **Ethylene Glycol (EG2605)**: Futures price is 3847.0, the spot price is 3710.0, the basis is -137.0, the basis rate is -3.56%, and the historical quantile is 9.60% [1] - **Polyester Staple Fiber (PF602)**: Futures price is 6564.0, the spot price is 6540.0, the basis is -24.0, the basis rate is -0.37%, and the historical quantile is 34.90% [1] - **Styrene (EB2602)**: Futures price is 6860.0, the spot price is 6781.0, the basis is 79.0, the basis rate is 1.17%, and the historical quantile is 46.50% [1] - **Methanol (MA605)**: Futures price is 2219.0, the spot price is 2182.0, the basis is -37.0, the basis rate is -1.67%, and the historical quantile is 15.60% [1] - **Urea (UR605)**: Futures price is 1743.0, the spot price is 1710.0, the basis is -33.0, the basis rate is -1.89%, and the historical quantile is 7.80% [1] - **LLDPE (L2605)**: Futures price is 6461.0, the spot price is 6365.0, the basis is -96.0, the basis rate is -1.49%, and the historical quantile is 3.90% [1] - **PP (PP2605)**: Futures price is 6321.0, the spot price is 6275.0, the basis is -46.0, the basis rate is -0.73%, and the historical quantile is 14.40% [1] - **PVC (V2605)**: Futures price is 4810.0, the spot price is 4500.0, the basis is -310.0, the basis rate is -6.44%, and the historical quantile is 5.80% [1] - **Caustic Soda (SH603)**: Futures price is 2196.9, the spot price is 2273.0, the basis is -76.1, the basis rate is -3.35%, and the historical quantile is 31.80% [1] - **LPG (PG2602)**: Futures price is 4528.0, the spot price is 4097.0, the basis is 431.0, the basis rate is 10.52%, and the historical quantile is 61.90% [1] - **Asphalt (BU2602)**: Futures price is 3038.0, the spot price is 2940.0, the basis is -98.0, the basis rate is -3.23%, and the historical quantile is 30.50% [1] - **Butadiene Rubber (BR2602)**: Futures price is 11565.0, the spot price is 11500.0, the basis is -65.0, the basis rate is -0.56%, and the historical quantile is 22.80% [1] - **Float Glass (FG605)**: Futures price is 896.0, the spot price is 1051.0, the basis is -155.0, the basis rate is -17.30%, and the historical quantile is 8.19% [1] - **Soda Ash (SA605)**: Futures price is 1122.0, the spot price is 1181.0, the basis is -59.0, the basis rate is -5.26%, and the historical quantile is 18.69% [1] - **Natural Rubber (RU2605)**: Futures price is 15300.0, the spot price is 15670.0, the basis is -370.0, the basis rate is -2.42%, and the historical quantile is 74.89% [1] Financial Futures - **IF2603.CFF**: Futures price is 4651.3, the spot price is 4622.2, the basis is 29.1, the basis rate is 0.63%, and the historical quantile is 14.20% [1] - **IH2603.CFE**: Futures price is 3036.6, the spot price is 3035.4, the basis is 1.2, the basis rate is 0.04%, and the historical quantile is 49.70% [1] - **IC2603.CFE**: Futures price is 7458.9, the spot price is 7381.0, the basis is 77.9, the basis rate is 1.06%, and the historical quantile is 6.80% [1] - **IM2603.CFE**: Futures price is 7459.2, the spot price is 7597.3, the basis is -138.1, the basis rate is 1.85%, and the historical quantile is 10.60% [1] - **2 - Year Bond (152603)**: Futures price is 100.13, the spot price is 102.48, the basis is -2.35 (calculated), the basis rate is -1.85%, and the historical quantile is 17.80% [1] - **5 - Year Bond (TF2603)**: Futures price is 105.81, the spot price is 99.51, the basis is -6.3 (calculated), the basis rate is 0.07%, and the historical quantile is 17.90% [1] - **10 - Year Bond (T2603)**: Futures price is 107.94, the spot price is 100.31, the basis is -7.63 (calculated), the basis rate is 0.06%, and the historical quantile is 22.70% [1] - **30 - Year Bond (TL2603)**: Futures price is 126.22, the spot price is 111.80, the basis is -14.42 (calculated), the basis rate is 0.27%, and the historical quantile is 42.50% [1]

知识图强,求实奉献,客户至上,合作共赢 | -0.85% | 50.50% | 5676 | -48 | 折算价:72硅铁合格块:内蒙-天津仓单 | 硅铁 (SF603) | 5628 | -2 | -0.03% | 折算价:6517硅锰:内蒙-湖北仓单 | 5862 | 24.60% | 硅罐 (SM603) | 5860 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 5.43% | 螺纹钢(RB2605) | 170 | HRB40020mm: 上海 | 3300 | 3130 | 67.20% | -7 | -0.21% | 3280 | 3287 | 15.30% | Q235B: 4.75mm: 上海 | 热卷(HC2605) | | | | | | રા | 折算价:62.5%巴混粉(BRBF)：淡水河谷:日照港 | 7.69% | 797 | 48.00% | 铁矿石 (12605) | 858 | ...