Commodity | Spot | Nearest Contract | Dominant Contract | Price | Code | Price | Spot-Futures Basis 1 | Code | Price | Spot-Futures Basis 2
:--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :---
Zhengzhou Commodity Exchange (ZCE) | | | | | | | | | |
PTA | 5079.09 | 2601 | 5106 | -26 / -0.51% | 2605 | 5142 | -62 / -1.22%
White Sugar | 5356.67 | 2601 | 5260 | 96 / 1.79% | 2605 | 5243 | 113 / 2.11%
Cotton | 15549.17 | 2601 | 14605 | 944 / 6.07% | 2605 | 14550 | 999 / 6.42%
Rapeseed Oil (OI) | 9948.33 | 2601 | 9687 | 261 / 2.62% | 2605 | 9091 | 857 / 8.61%
Glass | 12.75 | 2601 | 950 | 706 / 86.00% | 2605 | 1088 | -68 / -6.67%
Rapeseed Meal | 2471.67 | 2601 | 2454 | 17 / 0.69% | 2605 | 2380 | 91 / 3.68%
Thermal Coal | 707.50 | 2601 | 801.4 | -93 / -13.14% | 2612 | 801.4 | -93 / -13.14%
Ferrosilicon | 5285.71 | 2601 | 5506 | -220 / -4.16% | 2603 | 5702 | -416 / -7.87%
Silicon Manganese | 5602.00 | 2601 | 5880 | -278 / -4.96% | 2603 | 5920 | -318 / -5.68%
Methanol (MA) | 2207.50 | 2601 | 2195 | 12 / 0.54% | 2605 | 2224 | -16 / -0.72%
Cotton Yarn | 23350.00 | 2601 | 20180 | 3170 / 13.58% | 2603 | 20565 | 2785 / 11.93%
Urea | 1725.00 | 2601 | 1664 | 61 / 3.54% | 2605 | 1743 | -18 / -1.04%
Soda Ash | 1225.71 | 2601 | 1125 | 100 / 8.16% | 2605 | 1209 | 16 / 1.31%
Polyester Staple Fiber | 6507.33 | 2601 | 6484 | 23 / 0.35% | 2602 | 6544 | -36 / -0.55%
PX | 7500.00 | 2601 | 7274 | 226 / 3.01% | 2603 | 7300 | 200 / 2.67%
Caustic Soda | 738.00 | 2601 | 2098 | -2089 / -283.02% | 2603 | 2250 | -562 / -76.18%
PET Chip | 6080.00 | 2601 | 5818 | 262 / 4.31% | 2603 | 6038 | 42 / 0.69%
Dalian Commodity Exchange (DCE) | | | | | | | | | |
Palm Oil | 8564.00 | 2601 | 8588 | -24 / -0.28% | 2605 | 8612 | -48 / -0.56%
Polyvinyl Chloride (PVC) | 4409.00 | 2601 | 4488 | -79 / -1.79% | 2605 | 4796 | -387 / -8.78%
Polyethylene (LLDPE) | 6410.00 | 2601 | 6349 | 61 / 0.95% | 2605 | 6470 | -60 / -0.94%
No.1 Soybean | 4405.00 | 2601 | 4178 | 227 / 5.15% | 2605 | 4233 | 172 / 3.90%
Soybean Meal | 3126.00 | 2601 | 3084 | 42 / 1.34% | 2605 | 2759 | 367 / 11.74%
Soybean Oil | 8256.00 | 2601 | 8118 | 138 / 1.67% | 2605 | 7866 | 390 / 4.72%
Corn | 2250.00 | 2601 | 2297 | -47 / -2.09% | 2603 | 2229 | 21 / 0.93%
Coke | 1442.50 | 2601 | 1511 | -68 / -4.71% | 2605 | 1698 | -255 / -17.68%
Coking Coal | 1473.75 | 2601 | 1046 | 427 / 28.97% | 2605 | 1115.5 | 358 / 24.29%
Iron Ore | 817.11 | 2601 | 807.5 | 9 / 1.10% | 2605 | 789.5 | 27 / 3.30%
Egg | 6.38 | 2601 | 3072 | 118 / 18.50% | 2603 | 2950 | 240 / 37.62%
Polypropylene (PP) | 6170.00 | 2601 | 6196 | -26 / -0.42% | 2605 | 6345 | -175 / -2.84%
Monoethylene Glycol (MEG) | 3864.17 | 2601 | 3632 | 232 / 6.00% | 2605 | 3828 | 36 / 0.93%
Styrene (EB) | 6760.00 | 2601 | 6712 | 48 / 0.71% | 2602 | 6815 | -55 / -0.81%
Liquefied Petroleum Gas (LPG) | 4357.50 | 2601 | 4184 | 173 / 3.97% | 2602 | 4159 | 198 / 4.54%
Live Hog | 12.28 | 2601 | 11195 | 1085 / 88.36% | 2603 | 11775 | 505 / 41.13%
Benzene | 5268.67 | 2603 | 5486 | -217 / -4.12% | 2603 | 5486 | -217 / -4.12%
Shanghai Futures Exchange (SHFE) | | | | | | | | | |
Copper | 99180.00 | 2601 | 98650 | 530 / 0.53% | 2602 | 98700 | 480 / 0.48%
Rebar | 3232.00 | 2601 | 3105 | 127 / 3.93% | 2605 | 3127 | 105 / 3.25%
Zinc | 23302.00 | 2601 | 23250 | 52 / 0.22% | 2602 | 23295 | 7 / 0.03%
Aluminum | 22473.33 | 2601 | 22690 | -216 / -0.96% | 2602 | 22740 | -266 / -1.18%
Gold | 977.07 | 2601 | 979.82 | -2.75 / -0.28% | 2602 | 981.22 | -4.15 / -0.42%
Wire Rod | 3500.00 | 2601 | 3431 | 69 / 1.97% | 2607 | 3412 | 88 / 2.51%
Fuel Oil | 5350.00 | 2601 | 2457 | 2893 / 54.07% | 2603 | 2456 | 2894 / 54.09%
Natural Rubber | 15341.67 | 2601 | 15580 | -238 / -1.55% | 2605 | 15625 | -283 / -1.84%
Lead | 17218.75 | 2601 | 17295 | -76 / -0.44% | 2602 | 17280 | -61 / -0.35%
Silver | 18480.00 | 2601 | 18335 | 145 / 0.78% | 2604 | 18037 | 443 / 2.40%
Petroleum Asphalt | 2973.33 | 2601 | 2980 | -6 / -0.20% | 2603 | 3029 | -55 / -1.85%
Hot-Rolled Coil (HRC) | 3313.33 | 2601 | 3263 | 50 / 1.51% | 2605 | 3274 | 39 / 1.18%
Nickel | 137733.33 | 2601 | 133100 | 4633 / 3.36% | 2602 | 133340 | 4393 / 3.19%
Tin | 326300.00 | 2601 | 326060 | 240 / 0.07% | 2602 | 326370 | -70 / -0.02%
Pulp | 5633.33 | 2601 | 5476 | 157 / 2.79% | 2605 | 5554 | 79 / 1.40%
Stainless Steel | 12873.33 | 2601 | 12830 | 43 / 0.33% | 2602 | 13105 | -231 / -1.79%
Butadiene Rubber | 11580.00 | 2601 | 11510 | 70 / 0.60% | 2603 | 11580 | 0 / 0.00%

Notes:

• Spot-Futures Basis = Spot Price - Futures Price
• Price Units: Gold price is in CNY/gram; Silver is in CNY/kg; Spot Glass is in CNY/square meter; all other commodities are in CNY/ton.
• Coke Specifications: Spot coke is Grade II Metallurgical Coke. Futures coke specifications are between Grade I and Grade II. The coke basis is for reference only.