1. Report Industry Investment Rating - No relevant content found in the provided reports. 2. Core Views - No clear core views are explicitly stated in the provided reports. The reports mainly present various data on different futures and industries including股指期货, bond futures, precious metals, and container shipping. 3. Summaries by Related Catalogs 3.1 Stock Index Futures Spreads - **IF Spreads**: The IF spot - futures spread was 3.52, up from the previous day. The historical 1 - year and full - history percentiles were 58.90% and 82.70% respectively. For IF inter - delivery spreads, different combinations showed various values and percentile positions [1]. - **IH Spreads**: Similar to IF, IH spreads had specific values and percentile changes compared to the previous day [1]. - **IC Spreads**: The IC spot - futures spread was 897, with high historical percentiles. Inter - delivery spreads also had their own values and changes [1]. - **IM Spreads**: The IM spot - futures spread was 6.26. Inter - delivery spreads showed different magnitudes and percentile positions [1]. - **Cross - Variety Ratios**: Ratios such as CSI 500/Shanghai Composite 300, CSI 500/Shanghai Composite 50, and others had their current values, changes, and historical percentiles [1]. 3.2 Bond Futures Spreads - **IRR and Basis**: For different bond futures like TS, TF, T, and TL, their implied repo rates (IRR) and basis had specific values, changes, and percentiles on December 17, 2025 [2]. - **Inter - Delivery Spreads**: Inter - delivery spreads for different bond futures contracts (e.g., current quarter - next quarter, current quarter - far quarter) had their values, changes, and percentiles [2]. - **Cross - Variety Spreads**: Cross - variety spreads such as TS - TF, TS - T, etc. also had corresponding data on December 17, 2025 [2]. 3.3 Precious Metals Spot - Futures - **Domestic Futures**: On December 17, 2025, domestic futures contracts like AU2602, AG2602, PT2606, and PD2606 had their closing prices, price changes, and percentage changes compared to the previous day [3]. - **Foreign Futures**: Foreign futures contracts such as COMEX gold, COMEX silver, NYMEX platinum, and NYMEX palladium also had their closing prices, price changes, and percentage changes [3]. - **Spot Prices**: Spot prices of precious metals including London gold, London silver, and others had their values, changes, and percentage changes [3]. - **Basis**: The basis between different spot and futures prices (e.g., gold TD - Shanghai gold, London gold - COMEX gold) had specific values, changes, and historical percentiles [3]. - **Ratios**: Ratios like COMEX gold/silver, Shanghai Futures Exchange gold/silver, and others had their current values, changes, and percentage changes [3]. - **Interest Rates and Exchange Rates**: 10 - year and 2 - year US Treasury yields, 10 - year TIPS Treasury yields, the US dollar index, and the offshore RMB exchange rate had their values, changes, and percentage changes [3]. - **Inventory and Holdings**: Inventories of precious metals in different exchanges and ETF holdings had their values, changes, and percentage changes [3]. 3.4 Container Shipping Industry - **Shipping Indexes**: The SCFIS (European and US West routes) and SCFI (composite, European, US West, and US East routes) had their settlement or freight rates, changes, and percentage changes [5]. - **Futures Prices and Basis**: Futures contracts like EC2602 (main contract) and others had their prices, changes, and percentage changes. The basis of the main contract also had its value and change [5]. - **Fundamental Data**: Global container shipping capacity supply had a slight change. Shanghai port - related indicators such as port on - time rate, port berthing situation, and monthly export volume had their values and percentage changes. Overseas economic indicators including Eurozone PMI, EU consumer confidence index, and US manufacturing PMI also had their changes [5].

注 被包公众 | 贵金属期现日报 | | | | | | | --- | --- | --- | --- | --- | --- | | 投资咨询业务资格:证监许可 【 2011】1292号 | | | | 叶倩宁 | | | 2025年11月27日 | | | | | Z0016628 | | 国内期货收盘价 | | | | | | | 品中 | 11月26日 | 11月25日 | 涨跌 | 涨跌幅 | 单位 | | AU2602合约 | 946.72 | 946.50 | 0.22 | 0.02% | 7L/52 | | AG2602合约 | 12227 | 12127 | 100 | 0.82% | 元/千克 | | 外盘期货收盘价 | | | | | | | 品种 | 11月26日 | 11月25日 | 涨跌 | 张联帽 | 单位 | | COMEX黄金主力合约 | 4196.10 | 4126.30 | 69.80 | 1.69% | | | COMEX白银主力合约 | 53.76 | 51.08 | 2.68 | 5.25% | 美元/盎司 | | 现货价格 | | | | | | | 品中 | ...

Report 1: Stock Index Futures Spread Daily Report Core View - Presents the latest values, changes from the previous day, 1 - year historical quantiles, and all - time historical quantiles of various stock index futures spreads and cross - variety ratios on October 20, 2025 [1]. Summary by Category - **Futures - Spot Spreads**: F futures - spot spread is - 29.03, down 0.61 from the previous day; H futures - spot spread is - 4.77, down 4.58; IC futures - spot spread is - 152.87, up 0.50%; IM futures - spot spread is 70.00% (the value seems to have a format issue in the original text) [1]. - **Inter - period Spreads**: For example, in F inter - period spreads, the spread between the next - month and the current - month is - 43.80, down 29.40 [1]. - **Cross - variety Ratios**: The ratio of CSI 500 to SSE 300 is - 0.0116, up 1.5542; the ratio of CSI 500 to SSE 50 is 2.3641, down 0.0311 [1]. Report 2: Bond Futures Price Spread Daily Report Core View - Provides the latest values, changes from the previous trading day, and historical quantiles since listing of various bond futures bases, inter - period spreads, and cross - variety spreads as of October 20, 2025 [2]. Summary by Category - **Bases**: TS base is 1.5643, down 0.0313; TF base is 1.7127, down 0.0348; T base is 1.7176; TL base is 1.7225, up 0.2457 [2]. - **Inter - period Spreads**: For TS inter - period spreads, the spread between the current - quarter and the next - quarter is 0.0850, down 0.0200 [2]. - **Cross - variety Spreads**: The spread between TS and TF is - 3.4020, down 0.0590; the spread between TS and T is - 5.9170, down 0.1140 [2]. Report 3: Precious Metals Futures - Spot Daily Report Core View - Displays the closing prices of domestic and foreign precious metals futures, spot prices, bases, ratios, interest rates, exchange rates, inventories, and positions on October 20, 2025 [3]. Summary by Category - **Futures Closing Prices**: The AU2512 contract closed at 999.80 yuan/gram on October 17, up 33.38 from the previous day; the COMEX gold主力 contract closed at 4267.90 dollars/ounce, down 76.40 [3]. - **Spot Prices**: London gold was at 4251.45 dollars/ounce on October 17, down 75.03; the Shanghai Gold Exchange's gold T + D was at 995.90 yuan/gram, up 28.61 [3]. - **Bases**: The base of gold TD - Shanghai gold主力 is - 3.90, down 4.77; the base of London gold - COMEX gold is - 16.45, up 1.37 [3]. - **Ratios**: The ratio of COMEX gold to silver is 84.30, up 3.00; the ratio of SHFE gold to silver is 81.62, up 1.20 [3]. - **Interest Rates and Exchange Rates**: The 10 - year US Treasury yield is 4.02%, up 0.03%; the US dollar index is 98.56, up 0.20 [3]. - **Inventories and Positions**: The SHFE gold inventory is 84606 kilograms, up 3645; the SPRD gold ETF position is 1047, up 12.59 [3]. Report 4: Container Shipping Industry Futures - Spot Daily Report Core View - Covers spot quotes, container shipping indices, futures prices, bases, and fundamental data of the container shipping industry on October 20, 2025 [5]. Summary by Category - **Spot Quotes**: MAERSK's Shanghai - Europe 6 - week future freight rate is 1900 dollars/FEU on October 20, up 15 from the previous day [5]. - **Container Shipping Indices**: The SCFIS (European route) settlement price index is 1031.80 on October 13, down 14.7 from October 6 [5]. - **Futures Prices and Bases**: The EC2602 contract is at 1472.0 on October 17, up 42.8; the base of the main contract is - 384.4, down 5.4 [5]. - **Fundamental Data**: The global container shipping capacity supply is 3321.84 million TEU on October 20, unchanged from the previous day; the port on - time rate in Shanghai in September is 42.77, up 24.46 from August [5].

Group 1: Stock Index Futures Spread - **Investment Rating**: Not provided - **Core View**: Presents the latest values, changes from the previous day, historical 1 - year and all - time quantiles of stock index futures spreads, including IF, IH, IC, IM, and cross - variety ratios [1] - **Summary by Catalog**: - **Spot - Futures Spread**: IF's is - 30.20, down 1.29; IH's is - 16.68, down 1.66; IC's is - 74.15, up 0.72; IM's is - 93.46, up 10.33 [1] - **Inter - delivery Spread**: Different delivery month spreads for IF, IH, IC, and IM are presented, with various changes and quantiles [1] - **Cross - Variety Ratio**: Ratios such as CSI 500/CSI 300, IC/IF, etc., are given, along with their changes and quantiles [1] Group 2: Treasury Bond Futures Spread - **Investment Rating**: Not provided - **Core View**: Displays the latest values, changes from the previous day, and quantiles since listing of treasury bond futures spreads, including TS, TF, T, TL, and cross - variety spreads [4] - **Summary by Catalog**: - **Basis**: IRR and basis values for TS, TF, T, and TL are presented [4] - **Inter - delivery Spread**: Spreads between different delivery months for TS, TF, T, and TL are shown, with corresponding changes and quantiles [4] - **Cross - Variety Spread**: Spreads between different treasury bond futures varieties are given, along with their changes and quantiles [4] Group 3: Precious Metals Spot - Futures - **Investment Rating**: Not provided - **Core View**: Shows domestic and foreign futures closing prices, spot prices, basis, ratios, interest rates, exchange rates, inventory, and positions of precious metals [8] - **Summary by Catalog**: - **Domestic and Foreign Futures Closing Prices**: AU2508 contract is down 0.73%, AG2508 contract is down 0.76%; COMEX gold is down 1.73%, COMEX silver is down 0.76% [8] - **Spot Prices**: London gold, London silver, Shanghai Gold Exchange's gold T + D, and silver T + D all show declines [8] - **Basis**: Basis values and their changes for gold and silver are presented, along with historical 1 - year quantiles [8] - **Ratio**: Ratios of COMEX gold/silver, SHFE gold/silver are given, with their changes and percentage changes [8] - **Interest Rates and Exchange Rates**: 10 - year and 2 - year US Treasury yields decline, while the US dollar index rises [8] - **Inventory and Positions**: Some inventories change slightly, and ETF positions remain unchanged [8] Group 4: Container Shipping Index - **Investment Rating**: Not provided - **Core View**: Provides settlement price indices, Shanghai export container freight rates, futures prices, basis, and fundamental data of the container shipping industry [12] - **Summary by Catalog**: - **Settlement Price Index**: SCFIS (European route) is down 1.44%, SCFIS (US West route) is up 18.90% [12] - **Shanghai Export Container Freight Rate**: SCFI composite index, SCFI (Europe), SCFI (US West), and SCFI (US East) all show increases [12] - **Futures Price and Basis**: Futures prices of different contracts change, and the basis of the main contract decreases by 7.16% [12] - **Fundamental Data**: Global container shipping capacity supply is stable, Shanghai port's on - time rate and berthing situation decline, and some overseas economic indicators change [12] Group 5: Domestic Data/Information - **Investment Rating**: Not provided - **Core View**: Lists domestic economic indicators and financial events in different sectors, including black and non - ferrous metals, energy and chemicals, and special commodities [17] - **Summary by Catalog**: - **Black and Non - ferrous Metals**: Steel Union's weekly survey of 523 mine production and sales for coking coal and coke [17] - **Energy and Chemicals**: China's port commercial crude oil inventory data from Longzhong Information [17] - **Special Commodities**: Glass sales rate and soda ash delivery warehouse inventory [17] Group 6: Capital Flow and Key Position Changes - **Investment Rating**: Not provided - **Core View**: The report title mentions capital flow and key position changes, but specific content is incomplete and unavailable for detailed summary [19]