Report Summary 1. Report Industry Investment Rating There is no information about the industry investment rating in the report. 2. Core View of the Report The report provides daily arbitrage data for various futures commodities on September 29, 2025, including power coal, energy chemicals, black metals, non - ferrous metals, agricultural products, and stock index futures, showing the basis, inter - period spreads, and inter - commodity spreads of these commodities. 3. Summary by Directory Power Coal - The basis for power coal on September 26, 2025, was - 100.4 yuan/ton, compared to - 95.4 yuan/ton on September 25, 24, and 23, and - 96.4 yuan/ton on September 22. The spreads of 5 - month vs 1 - month, 9 - month vs 1 - month, and 9 - month vs 5 - month were all 0.0 [2]. Energy Chemicals Energy Commodities - For energy commodities, the basis data for fuel oil, INE crude oil, and crude oil/asphalt from September 22 to 26, 2025, are presented, along with the price ratios. For example, on September 26, the basis of INE crude oil was 13.13 yuan/ton, and the price ratio was 0.1417 [7]. Chemical Commodities - Basis: The basis data of rubber, methanol, PTA, LLDPE, V, and PP from September 22 to 26, 2025, are provided. For instance, on September 26, the basis of rubber was - 770 yuan/ton [9]. - Inter - period Spreads: The inter - period spreads (5 - month vs 1 - month, 9 - month vs 1 - month, 9 - month vs 5 - month) of rubber, methanol, PTA, LLDPE, PVC, PP, and ethylene glycol are given. For example, the 5 - month vs 1 - month spread of rubber was - 30 yuan/ton [11]. - Inter - commodity Spreads: The inter - commodity spreads of LLDPE - PVC, LLDPE - PP, PP - PVC, and PP - 3*methanol from September 22 to 26, 2025, are shown. On September 26, the LLDPE - PVC spread was 2261 yuan/ton [11]. Black Metals - Inter - period Spreads: The inter - period spreads of rebar, iron ore, coke, and coking coal (5 - month vs 1 - month, 9 - month(10) vs 1 - month, 9 - month(10) vs 5 - month) are presented. For example, the 5 - month vs 1 - month spread of rebar was 58.0 yuan/ton [20]. - Inter - commodity Spreads: The inter - commodity spreads of rebar/iron ore, rebar/coke, coke/coking coal, and rebar - hot rolled coil from September 22 to 26, 2025, are provided. On September 26, the rebar/iron ore ratio was 3.94 [20]. - Basis: The basis data of rebar, iron ore, coke, and coking coal from September 22 to 26, 2025, are given. On September 26, the basis of rebar was 126.0 yuan/ton [21]. Non - ferrous Metals Domestic Market - The basis data of copper, aluminum, zinc, lead, nickel, and tin in the domestic market from September 22 to 26, 2025, are presented. On September 26, the basis of copper was 40 yuan/ton [28]. London Market - For LME non - ferrous metals on September 26, 2025, the LME spreads, Shanghai - London ratios, CIF prices, domestic spot prices, and import profit and loss data of copper, aluminum, zinc, lead, nickel, and tin are provided. For example, the LME spread of copper was (38.91), and the import profit and loss was (452.74) [33]. Agricultural Products - Basis: The basis data of soybeans No.1, soybeans No.2, soybean meal, soybean oil, corn, etc., from September 22 to 26, 2025, are given. On September 26, the basis of soybeans No.1 was 125 yuan/ton [39]. - Inter - period Spreads: The inter - period spreads of various agricultural products (5 - month vs 1 - month, 9 - month vs 1 - month, 9 - month vs 5 - month) are presented. For example, the 5 - month vs 1 - month spread of soybeans No.1 was 33 yuan/ton [39]. - Inter - commodity Spreads: The inter - commodity spreads of soybeans No.1/corn, soybeans No.2/corn, soybean oil/soybean meal, etc., from September 22 to 26, 2025, are shown. On September 26, the soybeans No.1/corn ratio was 1.81 [39]. Stock Index Futures - Basis: The basis data of CSI 300, SSE 50, CSI 500, and CSI 1000 from September 22 to 26, 2025, are provided. On September 26, the basis of CSI 300 was 25.05 [50]. - Inter - period Spreads: The inter - period spreads (next - month vs current - month, next - quarter vs current - quarter) of CSI 300, SSE 50, CSI 500, and CSI 1000 are given. For example, the next - month vs current - month spread of CSI 300 was - 14.0 [50].
宝城期货品种套利数据日报(2025年9月29日):一、动力煤-20250929
Bao Cheng Qi Huo·2025-09-29 02:33