Comparison Table of Spot and Futures Prices for Commodities on February 9

Commodity Futures Market Data (Spot vs. Futures)

Zhengzhou Commodity Exchange (ZCE)

Commodity	Spot Price	Nearest Contract	Dominant Contract	Price	Code	Price	Spot-Futures Basis 1
PTA	5151.86	2602	5142	9.86 (0.19%)	2605	5174	-22.14 (-0.43%)
White Sugar	5286.67	2603	5256	30.67 (0.57%)	2605	5243	43.67 (0.81%)
Cotton	15986.00	2603	14675	1311.00 (8.20%)	2605	14615	1371.00 (8.58%)
Rapeseed Oil (OI)	9980.00	2603	9399	581.00 (5.82%)	2605	9152	828.00 (8.30%)
Glass	13.25	2602	9.81	3.44 (25.97%)	2605	10.73	2.52 (19.02%)
Rapeseed Meal	2558.00	2603	2350	208.00 (8.13%)	2605	2244	314.00 (12.28%)
Thermal Coal	710.00	2603	801.4	-91.40 (-12.82%)	2702	801.4	-91.40 (-12.82%)
Ferrosilicon	5287.14	2602	5388	-100.86 (-1.89%)	2605	5620	-332.86 (-6.28%)
Silicon Manganese	5566.00	2602	5780	-214.00 (-3.84%)	2605	5842	-276.00 (-4.96%)
Methanol (MA)	2210.00	2602	2233	-23.00 (-1.04%)	2605	2241	-31.00 (-1.40%)
Cotton Yarn	23625.00	2602	20215	3410.00 (14.43%)	2605	20400	3225.00 (13.65%)
Urea	1777.50	2602	1707	70.50 (3.94%)	2605	1796	-18.50 (-1.01%)
Soda Ash	1201.43	2602	1147	54.43 (4.49%)	2605	1181	20.43 (1.66%)
Polyester Staple Fiber	6545.92	2602	6458	87.92 (1.33%)	2604	6582	-36.08 (-0.55%)
P-Xylene (PX)	7650.00	2602	7462	188.00 (2.46%)	2605	7254	396.00 (5.18%)
Caustic Soda	622.00	2602	1995	-51.00 (-2.62%)	2603	1901	42.00 (2.16%)
PET Chip	6327.50	2602	6124	203.50 (3.21%)	2605	6126	201.50 (3.18%)

Dalian Commodity Exchange (DCE)

Commodity	Spot Price	Nearest Contract	Dominant Contract	Price	Code	Price	Spot-Futures Basis 1
Palm Oil	8972.00	2602	8902	70.00 (0.78%)	2605	9002	-30.00 (-0.33%)
PVC	4678.00	2602	4710	-32.00 (-0.68%)	2605	4993	-315.00 (-6.73%)
LLDPE	6800.00	2602	6562	238.00 (3.50%)	2605	6759	41.00 (0.60%)
No.1 Soybean	4460.00	2603	4337	123.00 (2.76%)	2605	4392	68.00 (1.52%)
Soybean Meal	3170.00	2603	2996	174.00 (5.49%)	2605	2745	425.00 (13.41%)
Soybean Oil	8436.00	2603	8188	248.00 (2.94%)	2605	8122	314.00 (3.72%)
Corn	2271.43	2603	2267	4.43 (0.20%)	2605	2276	-4.57 (-0.20%)
Coke	1443.75	2602	1518	-74.25 (-5.13%)	2605	1694	-250.25 (-17.32%)
Coking Coal	1466.25	2602	1022	444.25 (30.28%)	2605	1138	328.25 (22.37%)
Iron Ore	781.44	2602	808	-26.56 (-3.33%)	2605	761.5	19.94 (2.43%)
Egg	7.05	2602	2839	686.00 (19.46%)	2604	3152	373.00 (10.58%)
PP	6640.00	2602	6544	96.00 (1.45%)	2605	6659	-19.00 (-0.29%)
MEG	3848.33	2602	3505	343.33 (8.91%)	2605	3741	107.33 (2.78%)
Styrene	7688.00	2602	7600	88.00 (1.14%)	2603	7547	141.00 (1.83%)
LPG	4375.00	2602	4338	37.00 (0.85%)	2604	4522	-147.00 (-3.36%)
Live Hog	12.53	2603	10710	1820.00 (14.53%)	2605	11525	1005.00 (8.02%)
Benzene	6086.67	2603	6056	30.67 (0.49%)	2603	6056	30.67 (0.49%)

Shanghai Futures Exchange (SHFE)

Commodity	Spot Price	Nearest Contract	Dominant Contract	Price	Code	Price	Spot-Futures Basis 1
Copper	101646.67	2602	101490	156.67 (0.15%)	2603	101510	136.67 (0.13%)
Rebar	3170.00	2602	2924	246.00 (7.76%)	2605	3069	101.00 (3.19%)
Zinc	24656.00	2602	24630	26.00 (0.11%)	2604	24620	36.00 (0.15%)
Aluminum	23406.67	2602	23525	-118.33 (-0.50%)	2604	23670	-263.33 (-1.12%)
Gold	1121.91	2602	1121.72	0.19 (0.02%)	2604	1115.86	6.05 (0.53%)
Wire Rod	3367.50	2602	3500	-132.50 (-3.92%)	2605	3359	8.50 (0.24%)
Fuel Oil	5375.00	2603	2801	2574.00 (47.89%)	2605	2785	2590.00 (48.19%)
Natural Rubber	16125.00	2603	16250	-125.00 (-0.78%)	2605	16195	-70.00 (-0.43%)
Lead	16506.25	2602	16505	1.25 (0.01%)	2604	16605	-98.75 (-0.59%)
Silver	22331.67	2602	20774	1557.67 (6.97%)	2604	19892	2439.67 (10.92%)
Petroleum Asphalt	3230.00	2602	3345	-115.00 (-3.56%)	2604	3357	-127.00 (-3.93%)
Hot-Rolled Coil	3310.00	2602	3220	90.00 (2.72%)	2605	3241	69.00 (2.08%)
Nickel	138650.00	2602	133690	4960.00 (3.58%)	2605	134190	4460.00 (3.22%)
Tin	373387.50	2602	373610	-222.50 (-0.06%)	2603	369690	3697.50 (0.99%)
Pulp	5366.67	2602	5128	238.67 (4.43%)	2605	5220	146.67 (2.72%)
Stainless Steel	14100.00	2602	13700	400.00 (2.84%)	2604	13830	270.00 (1.91%)
Butadiene Rubber	13020.00	2602	12745	275.00 (2.11%)	2604	12785	235.00 (1.80%)

Notes:

Spot-Futures Basis = Spot Price - Futures Price. Values are presented as both absolute difference and percentage difference relative to the spot price.
Price Units: Gold is in CNY/gram; Silver is in CNY/kilogram; Spot Glass is in CNY/square meter; all other commodities are in CNY/ton.
Coke Specifications: Spot refers to secondary metallurgical coke. The futures contract specification is between primary and secondary grade. Therefore, the Coke basis is for reference only.

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