Report Summary 1) Report Industry Investment Rating - Not provided in the given content 2) Report's Core View - The report provides cross - market, cross - period, spot - futures, and cross - variety arbitrage tracking data for various non - ferrous metals including copper, zinc, aluminum, nickel, and lead on May 29, 2025 [1][3][4] 3) Summary by Related Catalogs Cross - Market Arbitrage Tracking - Copper: Spot domestic price is 78450, LME price is 9622, and the ratio is 8.14; March domestic price is 77650, LME price is 9578, and the ratio is 8.15. Spot import equilibrium ratio is 8.22 with a profit of - 796.53, and spot export profit is 332.65 [1] - Zinc: Spot domestic price is 22840, LME price is 2666, and the ratio is 8.57; March domestic price is 22035, LME price is 2686, and the ratio is 6.24. Spot import equilibrium ratio is 8.73 with a profit of - 434.37 [1] - Aluminum: Spot domestic price is 20340, LME price is 2476, and the ratio is 8.22; March domestic price is 20025, LME price is 2475, and the ratio is 8.15. Spot import equilibrium ratio is 8.66 with a profit of - 1103.93 [1] - Nickel: Spot domestic price is 123200, LME price is 14966, and the ratio is 8.23. Spot import equilibrium ratio is 8.28 with a profit of - 3261.72 [1] - Lead: Spot domestic price is 16600, LME price is 1957, and the ratio is 8.47; March domestic price is 16700, LME price is 1975, and the ratio is 11.35. Spot import equilibrium ratio is 8.92 with a profit of - 879.74 [3] Cross - Period Arbitrage Tracking - Copper: For different months compared to the spot month, the spreads are - 340, - 560, - 780, - 1010 respectively, while the theoretical spreads are 493, 884, 1284, 1684 [3] - Zinc: The spreads are - 375, - 550, - 675, - 750 respectively, and the theoretical spreads are 216, 338, 460, 582 [3] - Aluminum: The spreads are - 40, - 110, - 160, - 190 respectively, and the theoretical spreads are 212, 324, 437, 550 [3] - Lead: The spreads are - 100, - 105, - 140, - 120 respectively, and the theoretical spreads are 209, 314, 419, 524 [3] - Nickel: The spreads are - 2220, - 2030, - 1820, - 1550 respectively [3] - Tin: The 5 - 1 spread is 6050, and the theoretical spread is 5358 [3] Spot - Futures Arbitrage Tracking - Copper: The spreads of the current - month and next - month contracts compared to the spot are - 270 and - 610 respectively, and the theoretical spreads are 278 and 662 [3] - Zinc: The spreads are - 255 and - 630 respectively, and the theoretical spreads are 49 and 182 [3] - Lead: The spreads are 205 and 105 respectively, and the theoretical spreads are 165 and 276 [4] Cross - Variety Arbitrage Tracking - The ratios of copper/zinc, copper/aluminum, copper/lead, aluminum/zinc, aluminum/lead, and lead/zinc for Shanghai (three - continuous) are 3.52, 3.88, 4.65, 0.91, 1.20, 0.76 respectively; for LME (three - continuous) are 3.56, 3.87, 4.82, 0.92, 1.25, 0.74 respectively [4]
有色套利早报-20250529
Yong An Qi Huo·2025-05-29 03:37