Industry Investment Rating - Not available Core View - The report provides 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 July 16, 2025 [1][3][4] Summary by Related Catalogs Cross - Market Arbitrage Tracking - Copper: On July 16, 2025, the domestic spot price was 78,025, the LME price was 9,596, and the ratio was 8.19; the three - month domestic price was 77,990, the LME price was 9,645, and the ratio was 8.09. The equilibrium ratio for spot import was 8.17, with a profit of - 326.69 [1] - Zinc: The domestic spot price was 22,150, the LME price was 2,702, and the ratio was 8.20; the three - month domestic price was 22,070, the LME price was 2,712, and the ratio was 6.28. The equilibrium ratio for spot import was 8.68, with a profit of - 1,293.29 [1] - Aluminum: The domestic spot price was 20,510, the LME price was 2,590, and the ratio was 7.92; the three - month domestic price was 20,395, the LME price was 2,592, and the ratio was 7.88. The equilibrium ratio for spot import was 8.52, with a profit of - 1,549.55 [1] - Nickel: The domestic spot price was 118,450, the LME price was 14,799, and the ratio was 8.00. The equilibrium ratio for spot import was 8.25, with a profit of - 2,657.39 [1] - Lead: The domestic spot price was 16,800, the LME price was 1,956, and the ratio was 8.61; the three - month domestic price was 16,965, the LME price was 1,988, and the ratio was 11.13. The equilibrium ratio for spot import was 8.86, with a profit of - 480.20 [3] Cross - Period Arbitrage Tracking - Copper: On July 16, 2025, the spreads of the next - month, three - month, four - month, and five - month contracts relative to the spot month were - 360, - 460, - 490, and - 540 respectively, while the theoretical spreads were 494, 887, 1288, and 1689 [4] - Zinc: The spreads were - 95, - 110, - 110, and - 145 respectively, and the theoretical spreads were 214, 334, 454, and 574 [4] - Aluminum: The spreads were - 55, - 90, - 150, and - 215 respectively, and the theoretical spreads were 213, 328, 442, and 557 [4] - Lead: The spreads were - 100, - 65, - 35, and - 15 respectively, and the theoretical spreads were 210, 316, 422, and 529 [4] - Nickel: The spreads were - 2320, - 2180, - 1950, and - 1790 respectively [4] - Tin: The 5 - 1 spread was 460, and the theoretical spread was 5451 [4] Spot - Futures Arbitrage Tracking - Copper: The spreads of the current - month and next - month contracts relative to the spot were 475 and 115 respectively, and the theoretical spreads were 561 and 940 [4] - Zinc: The spreads were 30 and - 65 respectively, and the theoretical spreads were 185 and 314 [4] - Lead: The spreads were 230 and 130 respectively, and the theoretical spreads were 218 and 330 [5] Cross - Variety Arbitrage Tracking - On July 16, 2025, for copper/zinc, copper/aluminum, copper/lead, aluminum/zinc, aluminum/lead, and lead/zinc, the Shanghai (three - continuous) ratios were 3.53, 3.82, 4.60, 0.92, 1.20, and 0.77 respectively, and the London (three - continuous) ratios were 3.58, 3.74, 4.83, 0.96, 1.29, and 0.74 respectively [5]
有色套利早报-20250716
Yong An Qi Huo·2025-07-16 13:42