宝城期货品种套利数据日报-20250918

1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints of the Report - The report is a daily report on futures product arbitrage data from Baocheng Futures on September 18, 2025, presenting basis, inter - period, and cross - variety data for various futures products [1][5][21][27][39][51] 3. Summary by Relevant Catalogs 3.1 Power Coal - The basis data for power coal from September 11 to September 17, 2025, shows that the basis on September 17 was - 108.4 yuan/ton, gradually increasing from - 126.4 yuan/ton on September 11. The 5 - 1, 9 - 1, and 9 - 5 inter - period spreads were all 0.0 during this period [2] 3.2 Energy and Chemicals 3.2.1 Energy Commodities - For energy commodities, basis data for fuel oil, INE crude oil, and the ratio of crude oil to asphalt are provided from September 11 to September 17, 2025. For example, the basis of INE crude oil on September 17 was 20.13 yuan/ton [7] 3.2.2 Chemical Commodities - Basis: The basis data for rubber, methanol, PTA, LLDPE, PVC, and PP from September 11 to September 17, 2025, shows different trends. For instance, the basis of rubber on September 17 was - 830 yuan/ton, improving from - 1005 yuan/ton on September 11 [9] - Inter - period Spreads: The 5 - 1, 9 - 1, and 9 - 5 inter - period spreads for rubber, methanol, PTA, LLDPE, PVC, PP, and ethylene glycol are presented. For example, the 5 - 1 inter - period spread of PVC was 301 yuan/ton [10] - Cross - variety Spreads: The cross - variety spreads such as LLDPE - PVC, LLDPE - PP, PP - PVC, and PP - 3*methanol from September 11 to September 17, 2025, are given. For example, the LLDPE - PVC spread on September 17 was 2282 yuan/ton [10] 3.3 Black Metals - Basis: The basis data for rebar, iron ore, coke, and coking coal from September 11 to September 17, 2025, shows fluctuations. For example, the basis of rebar on September 17 was 72.0 yuan/ton [21] - Inter - period Spreads: The 5 - 1, 9(10) - 1, and 9(10) - 5 inter - period spreads for rebar, iron ore, coke, and coking coal are provided. For example, the 5 - 1 inter - period spread of rebar was 71.0 yuan/ton [20] - Cross - variety Spreads: The cross - variety spreads such as rebar/iron ore, rebar/coke, coke/coking coal, and rebar - hot rolled coil from September 11 to September 17, 2025, are presented. For example, the rebar/iron ore ratio on September 17 was 3.94 [20] 3.4 Non - ferrous Metals 3.4.1 Domestic Market - The domestic basis data for copper, aluminum, zinc, lead, nickel, and tin from September 11 to September 17, 2025, shows different changes. For example, the basis of copper on September 17 was 20 yuan/ton [28] 3.4.2 London Market - Data for LME non - ferrous metals on September 17, 2025, including LME premium/discount, Shanghai - London ratio, CIF price, domestic spot price, and import profit/loss, are provided. For example, the LME premium/discount of copper was (71.13) [33] 3.5 Agricultural Products - Basis: The basis data for soybeans No.1, soybeans No.2, soybean meal, soybean oil, corn, etc., from September 11 to September 17, 2025, shows trends. For example, the basis of soybeans No.1 on September 17 was 165 yuan/ton [40] - Inter - period Spreads: The 5 - 1, 9 - 1, and 9 - 5 inter - period spreads for soybeans No.1, soybeans No.2, soybean meal, soybean oil, rapeseed meal, etc., are presented. For example, the 5 - 1 inter - period spread of soybeans No.1 was 45 yuan/ton [40] - Cross - variety Spreads: The cross - variety spreads such as soybeans No.1/corn, soybeans No.2/corn, soybean oil/soybean meal, etc., from September 11 to September 17, 2025, are given. For example, the soybeans No.1/corn ratio on September 17 was 1.81 [40] 3.6 Stock Index Futures - Basis: The basis data for CSI 300, SSE 50, CSI 500, and CSI 1000 from September 11 to September 17, 2025, shows changes. For example, the basis of CSI 300 on September 17 was - 2.18 [52] - Inter - period Spreads: The next - month - current - month and next - quarter - current - quarter inter - period spreads for CSI 300, SSE 50, CSI 500, and CSI 1000 are provided. For example, the next - month - current - month inter - period spread of CSI 300 was - 10.2 [52]