Report Industry Investment Rating - Not mentioned in the provided content Report Core View - The report presents cross - market, cross - period, and cross - variety arbitrage tracking data for non - ferrous metals including copper, zinc, aluminum, nickel, lead, and tin on August 1, 2025 [1][3][4] Summary by Directory Cross - Market Arbitrage Tracking - Copper: 2025/08/01, domestic spot price 78500, LME spot price 9571, spot price ratio 8.26; domestic March price 78050, LME March price 9622, March price ratio 8.14; spot import equilibrium ratio 8.19, spot import profit - 286.39, spot export profit - 294.28 [1] - Zinc: 2025/08/01, domestic spot price 22320, LME spot price 2762, spot price ratio 8.08; domestic March price 22365, LME March price 2769, March price ratio 6.07; spot import equilibrium ratio 8.69, spot import profit - 1680.39 [1] - Aluminum: 2025/08/01, domestic spot price 20590, LME spot price 2584, spot price ratio 7.96; domestic March price 20500, LME March price 2587, March price ratio 7.95; spot import equilibrium ratio 8.54, spot import profit - 1503.26 [1] - Nickel: 2025/08/01, domestic spot price 119050, LME spot price 14765, spot price ratio 8.06; spot import equilibrium ratio 8.27, spot import profit - 1922.67 [1] - Lead: 2025/08/01, domestic spot price 16625, LME spot price 1936, spot price ratio 8.61; domestic March price 16755, LME March price 1977, March price ratio 11.30; spot import equilibrium ratio 8.89, spot import profit - 525.73 [3] Cross - Period Arbitrage Tracking - Copper: 2025/08/01, spreads for次月 - 现货月, 三月 - 现货月, 四月 - 现货月, 五月 - 现货月 are - 890, - 880, - 920, - 960 respectively; theoretical spreads are 497, 891, 1295, 1699 respectively [4] - Zinc: 2025/08/01, spreads for次月 - 现货月, 三月 - 现货月, 四月 - 现货月, 五月 - 现货月 are - 10, 10, 25, - 10 respectively; theoretical spreads are 215, 336, 456, 577 respectively [4] - Aluminum: 2025/08/01, spreads for次月 - 现货月, 三月 - 现货月, 四月 - 现货月, 五月 - 现货月 are - 165, - 175, - 220, - 270 respectively; theoretical spreads are 214, 330, 445, 561 respectively [4] - Lead: 2025/08/01, spreads for次月 - 现货月, 三月 - 现货月, 四月 - 现货月, 五月 - 现货月 are - 135, - 115, - 80, - 55 respectively; theoretical spreads are 209, 315, 420, 525 respectively [4] - Nickel: 2025/08/01, spreads for次月 - 现货月, 三月 - 现货月, 四月 - 现货月, 五月 - 现货月 are - 1690, - 1520, - 1300, - 1100 respectively [4] - Tin: 2025/08/01, 5 - 1 spread is 880, theoretical spread is 5512 [4] Spot - Futures Arbitrage Tracking - Copper: 2025/08/01, spreads for 当月合约 - 现货, 次月合约 - 现货 are 385, - 505 respectively; theoretical spreads are 332, 637 respectively [4] - Zinc: 2025/08/01, spreads for 当月合约 - 现货, 次月合约 - 现货 are 35, 25 respectively; theoretical spreads are 130, 260 respectively [4] - Lead: 2025/08/01, spreads for 当月合约 - 现货, 次月合约 - 现货 are 245, 110 respectively; theoretical spreads are 160, 271 respectively [5] Cross - Variety Arbitrage Tracking - 2025/08/01, ratios for copper/zinc, copper/aluminum, copper/lead, aluminum/zinc, aluminum/lead, lead/zinc in Shanghai (three - continuous) are 3.49, 3.81, 4.66, 0.92, 1.22, 0.75 respectively; in London (three - continuous) are 3.48, 3.75, 4.88, 0.93, 1.30, 0.71 respectively [5]
有色套利早报-20250801
Yong An Qi Huo·2025-08-01 02:49