宝城期货品种套利数据日报（2025年9月24日）：一、动力煤-20250924

Report Summary 1. Report Industry Investment Rating No information regarding the industry investment rating is provided in the report. 2. Core View of the Report The report presents the daily arbitrage data of various futures varieties by Baocheng Futures on September 24, 2025, including power coal, energy chemicals, black metals, non - ferrous metals, agricultural products, and stock index futures, aiming to provide data references for investors [1][5][21][27][37][48]. 3. Summary by Relevant Catalogs 3.1 Power Coal - The report shows the basis data of power coal from September 17 to September 23, 2025. The basis on September 23 was - 96.4 yuan/ton, showing a gradual increase compared with previous days [1][2]. 3.2 Energy Chemicals - Energy Commodities: It includes the basis data of fuel oil, INE crude oil, and the ratio of crude oil to asphalt from September 17 to September 23, 2025. For example, the basis of INE crude oil on September 23 was 7.56 yuan/ton [7]. - Chemical Commodities: - Basis: The basis data of rubber, methanol, PTA, LLDPE, V, and PP from September 17 to September 23, 2025 are presented. For instance, the basis of rubber on September 23 was - 825 yuan/ton [9]. - Inter - period Spread: The inter - period spread data of rubber, methanol, PTA, LLDPE, PVC, PP, and ethylene glycol are provided, such as the 5 - month minus 1 - month spread of rubber being - 45 yuan/ton [11]. - Inter - variety Spread: The inter - variety spread data of LLDPE - PVC, LLDPE - PP, PP - PVC, and PP - 3 * methanol from September 17 to September 23, 2025 are given. For example, the LLDPE - PVC spread on September 23 was 2205 yuan/ton [11]. 3.3 Black Metals - Inter - period Spread: The inter - period spread data of rebar, iron ore, coke, and coking coal are shown, like the 5 - month minus 1 - month spread of rebar being 57.0 yuan/ton [20]. - Inter - variety Spread: The inter - variety spread data of rebar/iron ore, rebar/coke, coke/coking coal, and rebar - hot rolled coil from September 17 to September 23, 2025 are presented. For example, the rebar/iron ore ratio on September 23 was 3.94 [20]. - Basis: The basis data of rebar, iron ore, coke, and coking coal from September 17 to September 23, 2025 are provided. For instance, the basis of rebar on September 23 was 95.0 yuan/ton [21]. 3.4 Non - ferrous Metals - Domestic Market: The domestic basis data of copper, aluminum, zinc, lead, nickel, and tin from September 17 to September 23, 2025 are given. For example, the basis of copper on September 23 was 60 yuan/ton [28]. - London Market: The LME spread, Shanghai - London ratio, CIF price, domestic spot price, and import profit and loss data of LME non - ferrous metals (copper, aluminum, zinc, lead, nickel, tin) on September 23, 2025 are presented. For example, the LME spread of copper was (73.11) [33]. 3.5 Agricultural Products - Basis: The basis data of soybeans No.1, soybeans No.2, soybean meal, soybean oil, corn, etc. from September 17 to September 23, 2025 are provided. For example, the basis of soybeans No.1 on September 23 was 182 yuan/ton [38]. - Inter - period Spread: The inter - period spread data of multiple agricultural products are shown, such as the 5 - month minus 1 - month spread of soybeans No.1 being 41 yuan/ton [38]. - Inter - variety Spread: The inter - variety spread data of soybeans No.1/corn, soybeans No.2/corn, soybean oil/soybean meal, etc. from September 17 to September 23, 2025 are given. For example, the soybeans No.1/corn ratio on September 23 was 1.80 [38]. 3.6 Stock Index Futures - Basis: The basis data of CSI 300, SSE 50, CSI 500, and CSI 1000 from September 17 to September 23, 2025 are presented. For example, the basis of CSI 300 on September 23 was 35.98 [49]. - Inter - period Spread: The inter - period spread data of the next - month minus the current - month and the next - quarter minus the current - quarter for CSI 300, SSE 50, CSI 500, and CSI 1000 are provided. For example, the next - month minus the current - month spread of CSI 300 was - 9.4 [49].