有色套利早报-20250603

Report Overview - The report provides cross - market, cross - period, spot - futures, and cross - variety arbitrage tracking data for non - ferrous metals on June 3, 2025 [1] Cross - Market Arbitrage Tracking Copper - Spot price: domestic 78,240, LME 9,604, ratio 8.13; March price: domestic 77,420, LME 9,554, ratio 8.14; equilibrium ratio for spot import 8.22, profit - 778.22; profit for spot export 507.68 [1] Zinc - Spot price: domestic 22,780, LME 2,639, ratio 8.63; March price: domestic 21,980, LME 2,662, ratio 6.22; equilibrium ratio for spot import 8.74, profit - 281.50 [1] Aluminum - Spot price: domestic 20,290, LME 2,446, ratio 8.29; March price: domestic 19,975, LME 2,452, ratio 8.18; equilibrium ratio for spot import 8.67, profit - 945.16 [1] Nickel - Spot price: domestic 122,450, LME 15,179, ratio 8.07; equilibrium ratio for spot import 8.28, profit - 4,102.92 [1] Lead - Spot price: domestic 16,350, LME 1,929, ratio 8.50; March price: domestic 16,610, LME 1,953, ratio 11.39; equilibrium ratio for spot import 8.93, profit - 824.33 [1][3] Cross - Period Arbitrage Tracking Copper - Spread: next month - spot month - 330, March - spot month - 510, April - spot month - 710, May - spot month - 1030; theoretical spread 492, 881, 1280, 1679 respectively [4] Zinc - Spread: next month - spot month - 425, March - spot month - 670, April - spot month - 860, May - spot month - 945; theoretical spread 216, 339, 461, 583 respectively [4] Aluminum - Spread: next month - spot month - 105, March - spot month - 200, April - spot month - 250, May - spot month - 300; theoretical spread 212, 325, 438, 551 respectively [4] Lead - Spread: next month - spot month 85, March - spot month 75, April - spot month 50, May - spot month 50; theoretical spread 208, 311, 415, 519 respectively [4] Nickel - Spread: next month - spot month 1010, March - spot month 1260, April - spot month 1420, May - spot month 1550 [4] Tin - 5 - 1 spread not provided, theoretical spread 5,219 [4] Spot - Futures Arbitrage Tracking Copper - Spread: current month contract - spot - 285, next month contract - spot - 615; theoretical spread 238, 623 respectively [4] Zinc - Spread: current month contract - spot - 130, next month contract - spot - 555; theoretical spread 51, 183 respectively [4][5] Lead - Spread: current month contract - spot 185, next month contract - spot 270; theoretical spread 154, 264 respectively [5] Cross - Variety Arbitrage Tracking - Ratios for Shanghai (three - continuous): copper/zinc 3.52, copper/aluminum 3.88, copper/lead 4.66, aluminum/zinc 0.91, aluminum/lead 1.20, lead/zinc 0.76; ratios for LME (three - continuous): copper/zinc 3.63, copper/aluminum 3.89, copper/lead 4.85, aluminum/zinc 0.93, aluminum/lead 1.25, lead/zinc 0.75 [5]