Report Industry Investment Rating - No information provided Core View - The report presents the cross - market, cross - period, and cross - variety arbitrage tracking data of various non - ferrous metals (copper, zinc, aluminum, nickel, lead, etc.) on June 4, 2025, including domestic prices, LME prices, price ratios, equilibrium price ratios, and profit margins [1][4][7] Summary by Relevant Catalogs Cross - Market Arbitrage Tracking - Copper: On June 4, 2025, the domestic spot price was 78380, the LME spot price was 9597, the spot ratio was 8.14, the equilibrium ratio for spot import was 8.21, and the profit was - 652.82; the domestic March price was 77490, the LME March price was 9545, and the March ratio was 8.17 [1] - Zinc: The domestic spot price was 22800, the LME spot price was 2645, the spot ratio was 8.62, the equilibrium ratio for spot import was 8.73, and the profit was - 278.64; the domestic March price was 21940, the LME March price was 2670, and the March ratio was 6.20 [1] - Aluminum: The domestic spot price was 20120, the LME spot price was 2438, the spot ratio was 8.25, the equilibrium ratio for spot import was 8.66, and the profit was - 1010.08; the domestic March price was 19790, the LME March price was 2442, and the March ratio was 8.15 [1] - Nickel: The domestic spot price was 123000, the LME spot price was 15209, the spot ratio was 8.09, the equilibrium ratio for spot import was 8.27, and the profit was - 3743.49 [1] - Lead: The domestic spot price was 16350, the LME spot price was 1949, the spot ratio was 8.40; the domestic March price was 16570, the LME March price was 1969, the March ratio was 11.27, the equilibrium ratio for spot import was 8.91, and the profit was - 995.72 [3] Cross - Period Arbitrage Tracking - Copper: On June 4, 2025, the spreads between the next month, March, April, May, and the spot month were - 280, - 440, - 630, - 870 respectively, and the theoretical spreads were 492, 881, 1280, 1679 respectively [4] - Zinc: The spreads were - 470, - 710, - 890, - 990 respectively, and the theoretical spreads were 216, 339, 461, 583 respectively [4] - Aluminum: The spreads were - 315, - 385, - 425, - 475 respectively, and the theoretical spreads were 212, 325, 438, 551 respectively [4] - Lead: The spreads were 35, 35, 20, 25 respectively, and the theoretical spreads were 208, 311, 415, 519 respectively [4] - Nickel: The spreads of the next month, March, April, and May compared to the spot month were 1160, 1380, 1550, 1720 respectively [4] - Tin: The spread of 5 - 1 was 730, and the theoretical spread was 5207 [4] Cross - Variety Arbitrage Tracking - On June 4, 2025, for copper/zinc, copper/aluminum, copper/lead, aluminum/zinc, aluminum/lead, and lead/zinc, the Shanghai (three - continuous) ratios were 3.53, 3.92, 4.68, 0.90, 1.19, 0.76 respectively, and the London (three - continuous) ratios were 3.56, 3.91, 4.85, 0.91, 1.24, 0.73 respectively [7]
有色套利早报-20250604
Yong An Qi Huo·2025-06-04 14:11