宝城期货品种套利数据日报-20250630

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core View The report presents the basis, spread, and ratio data of various futures products including thermal coal, energy chemicals, black metals, non - ferrous metals, agricultural products, and stock index futures on different dates from June 23 to June 27, 2025, aiming to provide data support for investors' arbitrage operations. 3. Summary by Category 3.1 Thermal Coal - Basis data from June 23 to June 27, 2025, shows a gradual increase from - 192.4 yuan/ton to - 181.4 yuan/ton, while the spreads of 5 - 1, 9 - 1, and 9 - 5 are all 0 [2]. 3.2 Energy Chemicals 3.2.1 Energy Commodities - For INE crude oil, the basis from June 23 to June 27, 2025, increased from - 42.70 yuan/ton to - 21.54 yuan/ton; for fuel oil, the basis on June 26 was 43.90 yuan/ton, and the ratio of crude oil to asphalt decreased from 0.1520 on June 24 to 0.1411 on June 27 [6]. 3.2.2 Chemical Commodities - Basis data of various chemicals such as natural rubber, methanol, PTA, etc., show different trends from June 23 to June 27, 2025. For example, the basis of natural rubber increased from - 150 yuan/ton to 55 yuan/ton [11]. - Spread data of different chemicals in different periods (5 - 1, 9 - 1, 9 - 5) are also presented, like the 5 - 1 spread of methanol is - 94 yuan/ton [11]. - Cross - product spread data such as LLDPE - PVC, LLDPE - PP, etc., are provided, with the LLDPE - PVC spread on June 27 being 2397 yuan/ton [11]. 3.3 Black Metals - Basis data of rebar, iron ore, coke, and coking coal from June 23 to June 27, 2025, show different changes. For example, the basis of rebar increased from 75 yuan/ton to 95 yuan/ton [16]. - Spread data of rebar, iron ore, coke, and coking coal in different periods are given. For instance, the 5 - 1 spread of iron ore is - 16.5 yuan/ton [16]. - Cross - product data such as rebar/iron ore, rebar/coke, etc., are presented, with the rebar/iron ore ratio on June 27 being 4.18 [16]. 3.4 Non - Ferrous Metals 3.4.1 Domestic Market - Basis data of copper, aluminum, zinc, etc., in the domestic market from June 23 to June 27, 2025, show different trends. For example, the basis of copper increased from 130 yuan/ton to 420 yuan/ton [24]. - LME spread, Shanghai - London ratio, CIF price, domestic spot price, and import profit and loss data of LME non - ferrous metals are provided. For example, the LME spread of copper on June 27 is 240.67 [31]. 3.4.2 London Market - LME basis, Shanghai - London ratio, and import profit and loss data of non - ferrous metals are presented, with relevant data trends and values for different metals [31]. 3.5 Agricultural Products - Basis data of soybeans, soybean meal, soybean oil, etc., from June 23 to June 27, 2025, show different changes. For example, the basis of soybean No.1 increased from - 170 yuan/ton to - 60 yuan/ton [41]. - Spread data of different agricultural products in different periods are given. For instance, the 5 - 1 spread of soybean No.1 is 19 yuan/ton [39]. - Cross - product data such as soybean No.1/corn, soybean oil/soybean meal, etc., are presented, with the soybean No.1/corn ratio on June 27 being 1.74 [39]. 3.6 Stock Index Futures - Basis data of CSI 300, SSE 50, CSI 500, and CSI 1000 from June 23 to June 27, 2025, show different trends. For example, the basis of CSI 300 decreased from 60.50 to 45.16 [49]. - Spread data of different stock index futures in different periods are given. For instance, the 5 - 1 spread of CSI 300 is - 11.2 [49].