宝城期货品种套利数据日报-20250514

Report Summary 1. Investment Rating The report does not provide an overall industry investment rating. 2. Core View The report presents the daily arbitrage data of various futures varieties on May 14, 2025, including power coal, energy chemicals, black metals, non - ferrous metals, agricultural products, and stock index futures, aiming to help investors understand the market situation through the analysis of basis, inter - period spread, and inter - variety spread. 3. Summary by Category 3.1 Power Coal - Basis: On May 13, 2025, the basis was - 182.4 yuan/ton, showing a continuous negative value trend in recent days [2]. 3.2 Energy Chemicals - Energy Commodities - Basis: The basis data of INE crude oil, fuel oil, and the ratio of crude oil to asphalt are presented, with the basis of INE crude oil and fuel oil fluctuating in recent days [6]. - Chemical Commodities - Basis: The basis data of natural rubber, methanol, PTA, LLDPE, PP, etc. are provided, with significant fluctuations in the basis of natural rubber in recent days [7]. - Inter - period Spread: The inter - period spreads of natural rubber, methanol, PTA, etc. are given, such as the 5 - 1 month spread of natural rubber being - 1045 yuan/ton [7]. - Inter - variety Spread: The inter - variety spreads of LLDPE - PVC, LLDPE - PP, etc. are presented, with the LLDPE - PVC spread being 2309 yuan/ton on May 13, 2025 [7]. 3.3 Black Metals - Basis: The basis data of rebar, iron ore, coke, and coking coal are provided, with the basis of rebar showing an upward trend in recent days [12]. - Inter - period Spread: The inter - period spreads of rebar, iron ore, coke, and coking coal are given, such as the 5 - 1 month spread of rebar being - 69.0 yuan/ton [12]. - Inter - variety Spread: The inter - variety spreads of rebar/iron ore, rebar/coke, etc. are presented, with the rebar/iron ore ratio being 4.31 on May 13, 2025 [12]. 3.4 Non - ferrous Metals - Domestic Market - Basis: The domestic basis data of copper, aluminum, zinc, lead, nickel, and tin are provided, with significant fluctuations in the basis of copper in recent days [20]. - Import and Export Data: The LME premium/discount, Shanghai - London ratio, CIF price, domestic spot price, and import profit and loss of various non - ferrous metals are presented, with all non - ferrous metals showing import losses except lead [26]. - London Market: The LME basis, Shanghai - London ratio, and import profit and loss data of non - ferrous metals are presented [26]. 3.5 Agricultural Products - Basis: The basis data of soybeans, soybean meal, soybean oil, etc. are provided, with the basis of soybeans showing a negative value in recent days [36]. - Inter - period Spread: The inter - period spreads of soybeans, soybean meal, soybean oil, etc. are given, such as the 5 - 1 month spread of soybeans being 48 yuan/ton [36]. - Inter - variety Spread: The inter - variety spreads of soybean/corn, soybean oil/soybean meal, etc. are presented, with the soybean/corn ratio being 1.77 on May 13, 2025 [34]. 3.6 Stock Index Futures - Basis: The basis data of CSI 300, SSE 50, CSI 500, and CSI 1000 are provided, with the basis of all indices showing positive values on May 13, 2025 [44]. - Inter - period Spread: The inter - period spreads of CSI 300, SSE 50, CSI 500, and CSI 1000 are given, such as the next - month - current - month spread of CSI 300 being - 40.8 [44].