宝城期货品种套利数据日报-20250519

Report Overview - The report is the Baocheng Futures Variety Arbitrage Data Daily Report for May 19, 2025, covering multiple commodity sectors including thermal coal, energy chemicals, black metals, non-ferrous metals, agricultural products, and stock index futures [1] 1. Thermal Coal - Base Price Data: From May 12 - 16, 2025, the base price of thermal coal showed fluctuations, starting from -171.4 yuan/ton on May 12 and reaching -187.4 yuan/ton on May 16. The spreads of 5 - 1 month, 9 - 1 month, and 9 - 5 month were all 0.0 yuan/ton during this period [2] 2. Energy Chemicals Energy Commodities - Base Price and Ratio: From May 12 - 16, 2025, the base price of INE crude oil changed from -14.51 yuan/ton on May 13 to -8.53 yuan/ton on May 16. The ratio of crude oil to asphalt also fluctuated, from 0.1331 on May 12 to 0.1388 on May 16 [6] Chemical Commodities - Base Price: For various chemical products such as natural rubber, methanol, PTA, etc., the base prices showed different trends from May 12 - 16, 2025. For example, the base price of natural rubber changed from -375 yuan/ton on May 12 to 45 yuan/ton on May 16 [7] - Inter - period Spreads: The inter - period spreads of different chemical products also varied. For example, the 5 - 1 month spread of natural rubber was 95 yuan/ton [7] - Inter - commodity Spreads: The inter - commodity spreads such as LLDPE - PVC, LLDPE - PP also had different values on different dates from May 12 - 16, 2025 [7] 3. Black Metals - Base Price: From May 12 - 16, 2025, the base prices of black metals including rebar, iron ore, coke, and coking coal showed fluctuations. For example, the base price of rebar changed from 158 yuan/ton on May 12 to 118 yuan/ton on May 16 [12] - Inter - period Spreads: The inter - period spreads of rebar and other black metals had different values. For example, the 5 - 1 month spread of rebar was 19 yuan/ton [12] - Inter - commodity Ratios and Spreads: The ratios such as screw/ore and spreads such as screw - hot rolled coil also changed during this period [12] 4. Non - ferrous Metals Domestic Market - Base Price: From May 12 - 16, 2025, the base prices of domestic non - ferrous metals including copper, aluminum, zinc, etc. showed different trends. For example, the base price of copper changed from 340 yuan/ton on May 12 to 690 yuan/ton on May 16 [20] London Market - LME Premiums and Discounts, Shanghai - London Ratios, etc.: On May 16, 2025, the LME premiums and discounts, Shanghai - London ratios, CIF prices, domestic spot prices, and import profit and loss of non - ferrous metals such as copper, aluminum, and zinc were provided. For example, the LME premium of copper was 31.45, and the Shanghai - London ratio was 8.18 [26] 5. Agricultural Products - Base Price: From May 12 - 16, 2025, the base prices of agricultural products such as soybeans, soybean meal, and corn showed fluctuations [35] - Inter - period Spreads: The inter - period spreads of various agricultural products had different values. For example, the 5 - 1 month spread of soybeans was 33 yuan/ton [33] - Inter - commodity Ratios and Spreads: The ratios such as soybean/corn and spreads such as soybean meal - rapeseed meal also changed during this period [33] 6. Stock Index Futures - Base Price: From May 12 - 16, 2025, the base prices of stock index futures including CSI 300, SSE 50, CSI 500, and CSI 1000 showed fluctuations. For example, the base price of CSI 300 changed from 37.61 on May 12 to 43.09 on May 16 [43] - Inter - period Spreads: The inter - period spreads of different stock index futures had different values. For example, the next - month minus current - month spread of CSI 300 was -40.6 [43]