Report Industry Investment Rating - Not provided Core View - The report presents cross - market, cross - period, spot - futures, and cross - variety arbitrage tracking data for non - ferrous metals including copper, zinc, aluminum, nickel, lead, and tin on June 10, 2025, which helps investors understand the price relationships and potential arbitrage opportunities in the non - ferrous metal market [1][4][8] Summary by Directory Cross - Market Arbitrage Tracking - Copper: On June 10, 2025, the domestic spot price was 78,840, the LME price was 9,828, and the spot import equilibrium ratio was 8.16 with a profit of - 1215.58; the domestic March price was 78,790, the LME price was 9,733, and the ratio was 8.09 [1] - Zinc: The domestic spot price was 22,630, the LME price was 2,619, and the spot import equilibrium ratio was 8.72 with a profit of - 212.94; the domestic March price was 21,735, the LME price was 2,655, and the ratio was 6.30 [1] - Aluminum: The domestic spot price was 20,210, the LME price was 2,452, and the spot import equilibrium ratio was 8.65 with a profit of - 1004.60; the domestic March price was 19,930, the LME price was 2,453, and the ratio was 8.18 [1] - Nickel: The domestic spot price was 124,150, the LME price was 15,321, and the spot import equilibrium ratio was 8.26 with a profit of - 4137.69 [1] - Lead: The domestic spot price was 16,500, the LME price was 1,954, and the spot import equilibrium ratio was 8.90 with a profit of - 860.26; the domestic March price was 16,770, the LME price was 1,982, and the ratio was 11.25 [3] Cross - Period Arbitrage Tracking - Copper: The spreads of the next month, March, April, and May relative to the spot month were - 100, - 220, - 430, and - 680 respectively, while the theoretical spreads were 497, 892, 1296, and 1700 [4] - Zinc: The spreads were - 645, - 820, - 950, and - 1010 respectively, and the theoretical spreads were 216, 338, 459, and 581 [4] - Aluminum: The spreads were - 130, - 225, - 290, and - 330 respectively, and the theoretical spreads were 212, 325, 437, and 550 [4] - Lead: The spreads were 30, 35, 20, and 10 respectively, and the theoretical spreads were 209, 313, 418, and 523 [4] - Nickel: The spreads were 720, 880, 1070, and 1280 respectively [4] - Tin: The spread of the 5 - 1 contract was - 360, and the theoretical spread was 5467 [4] Spot - Futures Arbitrage Tracking - Copper: The spreads of the current - month and next - month contracts relative to the spot were 170 and 70 respectively, and the theoretical spreads were 179 and 601 [4] - Zinc: The spreads were - 75 and - 720 respectively, and the theoretical spreads were 86 and 189 [6] - Lead: The spreads were 235 and 265 respectively, and the theoretical spreads were 129 and 239 [6] Cross - Variety Arbitrage Tracking - On June 10, 2025, for cross - variety arbitrage, the ratios of copper/zinc, copper/aluminum, copper/lead, aluminum/zinc, aluminum/lead, and lead/zinc in the Shanghai (three - continuous) market were 3.63, 3.95, 4.70, 0.92, 1.19, and 0.77 respectively, and in the London (three - continuous) market were 3.70, 3.95, 4.93, 0.94, 1.25, and 0.75 respectively [8]
有色套利早报-20250610
Yong An Qi Huo·2025-06-10 02:00