Group 1: Report Industry Investment Rating - No information provided Group 2: Core View of the Report - The report presents cross - market, cross - period, spot - futures, and cross - variety arbitrage tracking data for various non - ferrous metals (copper, zinc, aluminum, nickel, lead, tin) on August 26, 2025 [1][4][5] Group 3: Summary by Related Catalogs Cross - Market Arbitrage Tracking - Copper: Domestic spot price is 79440, three - month price is 79680, LME three - month price is 9809, and the ratio is 8.08 [1] - Zinc: Domestic spot price is 22300, three - month price is 22390, LME three - month price is 2806, and the ratio is 6.01 [1] - Aluminum: Domestic spot price is 20780, three - month price is 20740, LME three - month price is 2622, and the ratio is 7.91 [1] - Nickel: Domestic spot price is 119100, and the profit of spot import is - 1806.58 [1] - Lead: Domestic spot price is 16700, three - month price is 16870, LME three - month price is 1992, and the ratio is 11.23 [3] Cross - Period Arbitrage Tracking - Copper: The spreads between different months and the spot month are 1000 (next month), 990 (three - month), 970 (four - month), 950 (five - month), with theoretical spreads of 495, 889, 1291, 1694 respectively [4] - Zinc: The spreads are 120 (next month), 115 (three - month), 110 (four - month), 105 (five - month), with theoretical spreads of 214, 335, 455, 576 respectively [4] - Aluminum: The spreads are 120 (next month), 90 (three - month), 55 (four - month), 30 (five - month), with theoretical spreads of 214, 330, 445, 560 respectively [4] - Lead: The spreads are 85 (next month), 90 (three - month), 115 (four - month), 135 (five - month), with theoretical spreads of 209, 314, 419, 524 respectively [4] - Nickel: The spreads are 850 (next month), 990 (three - month), 1320 (four - month), 1590 (five - month) [4] - Tin: The 5 - 1 spread is 1610, with a theoretical spread of 5594 [4] Spot - Futures Arbitrage Tracking - Copper: The spreads of the current - month and next - month contracts minus the spot are - 665 and 335 respectively, with theoretical spreads of 251 and 836 [4] - Zinc: The spreads are - 25 and 95 respectively, with theoretical spreads of 166 and 296 [4] - Zinc (repeated data): The spreads are - 25 and 95 respectively, with theoretical spreads of 134 and 277 [5] - Lead: The spreads are 80 and 165 respectively, with theoretical spreads of 158 and 270 [5] Cross - Variety Arbitrage Tracking - The ratios of copper/zinc, copper/aluminum, copper/lead, aluminum/zinc, aluminum/lead, lead/zinc in Shanghai (three - continuous) are 3.56, 3.84, 4.72, 0.93, 1.23, 0.75 respectively [5]
有色套利早报-20250826
Yong An Qi Huo·2025-08-26 00:24