宝城期货品种套利数据日报-20250707

Report Industry Investment Rating - Not provided in the content Core Viewpoint - The report presents the arbitrage data of various futures varieties on July 7, 2025, including power coal, energy chemicals, black metals, non - ferrous metals, agricultural products, and stock index futures, covering aspects such as basis, inter - period spreads, and inter - variety spreads [1] Summary by Directory 1. Power Coal - Basis Data: From June 30 to July 4, 2025, the basis of power coal was - 180.4 yuan/ton on June 30, - 180.4 yuan/ton from July 1 - 3, and - 178.4 yuan/ton on July 4. The spreads of 5 - 1 month, 9 - 1 month, and 9 - 5 month were all 0.0 [2] 2. Energy Chemicals (1) Energy Commodities - Crude Oil: The basis data is presented in a chart, showing the relationship between the basis, spot price of Chinese Shengli crude oil, and the futures closing price of INE crude oil [6] - Fuel Oil: The basis data is presented in a chart, showing the relationship between the basis, FOB Singapore fuel oil spot price, and the futures closing price of fuel oil [7] - Crude Oil/Asphalt Ratio: On July 4, 2025, the ratio was 0.1407; on July 3, it was 0.1393; on July 2, it was 0.1411; on July 1, it was 0.1395; on June 30, it was 0.1394 [9] (2) Chemical Commodities - Basis Data: For various chemicals such as natural rubber, methanol, PTA, LLDPE, PP, etc., the basis data from June 30 to July 4, 2025, is provided. For example, the basis of natural rubber was - 35 yuan/ton on June 30, - 145 yuan/ton on July 1, - 125 yuan/ton on July 2, - 65 yuan/ton on July 3, and 45 yuan/ton on July 4 [10] - Inter - period Spreads: The inter - period spreads of 5 - 1 month, 9 - 1 month, and 9 - 5 month for various chemicals are given. For example, for natural rubber, the 5 - 1 month spread was 70 yuan/ton, the 9 - 1 month spread was - 860 yuan/ton, and the 9 - 5 month spread was - 930 yuan/ton [10] - Inter - variety Spreads: The inter - variety spreads such as LLDPE - PVC, LLDPE - PP, PP - PVC, and PP - 3*methanol from June 30 to July 4, 2025, are provided. For example, the LLDPE - PVC spread was 2362 yuan/ton on June 30 and 2389 yuan/ton on July 4 [10] 3. Black Metals - Basis Data: From June 30 to July 4, 2025, the basis data of rebar, iron ore, coke, and coking coal is presented. For example, the basis of rebar was 143 yuan/ton on June 30, 97 yuan/ton on July 1, 105 yuan/ton on July 2, 94 yuan/ton on July 3, and 108 yuan/ton on July 4 [15] - Inter - period Spreads: The inter - period spreads of rebar (5 - 1 month, 10 - 1 month, 10 - 5 month) and those of iron ore, coke, and coking coal (5 - 1 month, 9 - 1 month, 9 - 5 month) are given. For example, the 5 - 1 month spread of rebar was 5 yuan/ton [15] - Inter - variety Spreads: The inter - variety spreads such as rebar/iron ore, rebar/coke, coke/coking coal, and rebar - hot - rolled coil from June 30 to July 4, 2025, are provided. For example, the rebar/iron ore ratio was 4.19 on June 30 and July 4 [15] 4. Non - ferrous Metals (1) Domestic Market - Basis Data: From June 30 to July 4, 2025, the basis data of copper, aluminum, zinc, lead, nickel, and tin in the domestic market is presented. For example, the basis of copper was 200 yuan/ton on June 30, - 240 yuan/ton on July 1, 570 yuan/ton on July 2, 580 yuan/ton on July 3, and 790 yuan/ton on July 4 [24] (2) London Market - LME Data: On July 4, 2025, the LME spreads of copper, aluminum, zinc, lead, nickel, and tin were 95.35, - 3.40, - 21.64, - 24.63, - 189.09, and 22.00 respectively. The Shanghai - London ratios were 8.07, 7.93, 8.13, 8.37, 7.95, and 7.94 respectively. The CIF prices, domestic spot prices, and import profit - losses are also provided [31] 5. Agricultural Products - Basis Data: From June 30 to July 4, 2025, the basis data of soybeans (No.1 and No.2), soybean meal, soybean oil, rapeseed meal, etc. is presented. For example, the basis of soybean No.1 was - 61 yuan/ton on June 30 and July 3, - 71 yuan/ton on July 2, - 47 yuan/ton on July 1, and - 31 yuan/ton on July 4 [40] - Inter - period Spreads: The inter - period spreads of various agricultural products (5 - 1 month, 9 - 1 month, 9 - 5 month) are given. For example, the 5 - 1 month spread of soybean No.1 was 24 yuan/ton [40] - Inter - variety Spreads: The inter - variety spreads such as soybean No.1/corn, soybean No.2/corn, soybean oil/soybean meal, etc. from June 30 to July 4, 2025, are provided. For example, the soybean No.1/corn ratio was 1.75 on July 3 and July 4 [40] 6. Stock Index Futures - Basis Data: From June 30 to July 4, 2025, the basis data of CSI 300, SSE 50, CSI 500, and CSI 1000 stock index futures is presented. For example, the basis of CSI 300 was 50.28 on June 30, 56.76 on July 1, 49.48 on July 2, 50.07 on July 3, and 46.20 on July 4 [48] - Inter - period Spreads: The inter - period spreads of CSI 300, SSE 50, CSI 500, and CSI 1000 (next - month - current - month, current - quarter - current - month, next - quarter - current - month, etc.) are given. For example, the next - month - current - month spread of CSI 300 was - 19.4 [48]