宝城期货品种套利数据日报-20250827

Report Summary 1. Report Industry Investment Rating There is no information provided regarding the report's industry investment rating. 2. Core Viewpoint The report is a daily arbitrage data report for futures varieties from Baocheng Futures on August 27, 2025, presenting detailed data on basis, inter - period spreads, and inter - commodity spreads for various futures products. 3. Summary by Relevant Catalogs 3.1 Power Coal - Basis: On August 26, 2025, the basis was - 105.4 yuan/ton, compared to - 97.4 yuan/ton on August 25 and previous trading days [2]. - Inter - period spreads: The spreads of 5 - month to 1 - month, 9 - month to 1 - month, and 9 - month to 5 - month were all 0.0 yuan/ton from August 20 to 26, 2025 [2]. 3.2 Energy and Chemicals 3.2.1 Energy Commodities - Basis: For fuel oil, INE crude oil, and the ratio of crude oil to asphalt, the basis data from August 20 to 26, 2025, are presented, such as the basis of INE crude oil being 11.95 yuan/ton on August 26 [6]. 3.2.2 Chemical Commodities - Basis: From August 20 to 26, 2025, the basis of rubber, methanol, PTA, LLDPE, PVC, and PP are provided. For example, the basis of rubber was - 935 yuan/ton on August 26 [8]. - Inter - period spreads: The 5 - month to 1 - month, 9 - month to 1 - month, and 9 - month to 5 - month spreads of rubber, methanol, PTA, LLDPE, PVC, PP, and ethylene glycol are given. For instance, the 5 - month to 1 - month spread of rubber is 105 yuan/ton [10]. - Inter - commodity spreads: The spreads of LLDPE - PVC, LLDPE - PP, PP - PVC, and PP - 3 * methanol from August 20 to 26, 2025, are presented. For example, the LLDPE - PVC spread was 2401 yuan/ton on August 26 [10]. 3.3 Black Metals - Inter - period spreads: The 5 - month to 1 - month, 9 - month (10) to 1 - month, and 9 - month (10) to 5 - month spreads of rebar, iron ore, coke, and coking coal are shown. For example, the 5 - month to 1 - month spread of rebar is 36.0 yuan/ton [19]. - Inter - commodity spreads: The ratios of rebar to iron ore, rebar to coke, coke to coking coal, and the spread of rebar - hot rolled coil from August 20 to 26, 2025, are provided. For example, the rebar/iron ore ratio was 4.01 on August 26 [19]. - Basis: The basis of rebar, iron ore, coke, and coking coal from August 20 to 26, 2025, are presented. For example, the basis of rebar was 177.0 yuan/ton on August 26 [20]. 3.4 Non - ferrous Metals 3.4.1 Domestic Market - Basis: The basis of copper, aluminum, zinc, lead, nickel, and tin from August 20 to 26, 2025, are provided. For example, the basis of copper was 310 yuan/ton on August 26 [27]. 3.4.2 London Market - LME Premium/Discount: On August 26, 2025, the LME premium/discount of copper was (84.82), aluminum was 3.25, etc. [35]. - Shanghai - London Ratio: The Shanghai - London ratios of copper, aluminum, zinc, lead, nickel, and tin were 8.07, 7.92, 7.94, 8.45, 7.99, and 7.96 respectively on August 26, 2025 [35]. - CIF and Domestic Spot Prices: The CIF and domestic spot prices of these non - ferrous metals are given, along with the import profit and loss data on August 26, 2025 [35]. 3.5 Agricultural Products - Basis: The basis of soybeans No.1, soybeans No.2, soybean meal, soybean oil, corn, etc. from August 20 to 26, 2025, are presented. For example, the basis of soybeans No.1 was 86 on August 26 [39]. - Inter - period spreads: The 5 - month to 1 - month, 9 - month to 1 - month, and 9 - month to 5 - month spreads of soybeans No.1, soybeans No.2, soybean meal, soybean oil, rapeseed meal, etc. are provided [39]. - Inter - commodity spreads: The ratios of soybeans No.1 to corn, soybeans No.2 to corn, soybean oil to soybean meal, and spreads of soybean meal - rapeseed meal, soybean oil - palm oil, etc. from August 20 to 26, 2025, are given [39]. 3.6 Stock Index Futures - Basis: The basis of CSI 300, SSE 50, CSI 500, and CSI 1000 on August 20 to 26, 2025, are presented. For example, the basis of CSI 300 was 3.59 on August 26 [51]. - Inter - period spreads: The spreads of next - month to current - month and next - quarter to current - quarter for CSI 300, SSE 50, CSI 500, and CSI 1000 are provided [53].