Report Summary 1. Report Industry Investment Rating - No investment rating information is provided in the report. 2. Report's Core View - 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 October 13, 2025, including prices, ratios, spreads, and profit data [1][4][5]. 3. Summary by Relevant Catalogs Cross - Market Arbitrage Tracking - Copper: On October 13, 2025, the domestic spot price was 86,550, the LME price was 10,706, and the ratio was 8.11. The profit from spot import was - 947.78 [1]. - Zinc: The domestic spot price was 22,310, the LME price was 3,104, and the ratio was 7.19. The profit from spot import was - 4,175.73 [1]. - Aluminum: The domestic spot price was 20,990, the LME price was 2,780, and the ratio was 7.55. The profit from spot import was - 2,342.57 [1]. - Nickel: The domestic spot price was 124,900, the LME price was 15,131, and the ratio was 8.25. The profit from spot import was - 1,256.48 [1]. - Lead: The domestic spot price was 16,925, the LME price was 1,988, and the ratio was 8.51. The profit from spot import was - 642.27 [3]. Cross - Period Arbitrage Tracking - Copper: The spreads between the next month, three - month, four - month, and five - month contracts and the spot month were - 820, - 820, - 790, and - 850 respectively, while the theoretical spreads were 536, 969, 1412, and 1855 [4]. - Zinc: The spreads were - 10, 20, 50, and 65, and the theoretical spreads were 214, 335, 455, and 576 [4]. - Aluminum: The spreads were - 120, - 105, - 105, and - 130, and the theoretical spreads were 217, 334, 452, and 569 [4]. - Lead: The spreads were 40, 50, 65, and 35, and the theoretical spreads were 211, 317, 424, and 530 [4]. - Nickel: The spreads were - 2080, - 1890, - 1700, and - 1550 [4]. - Tin: The spread for 5 - 1 was - 150, and the theoretical spread was 5921 [4]. Spot - Futures Arbitrage Tracking - Copper: The spreads between the current - month and next - month contracts and the spot were 75 and - 745, and the theoretical spreads were 174 and 533 [4]. - Zinc: The spreads were - 30 and - 40, and the theoretical spreads were 81 and 211 [4]. - Lead: The spreads were 175 and 215, and the theoretical spreads were 117 and 230 [5]. Cross - Variety Arbitrage Tracking - On October 13, 2025, for the cross - variety ratios: copper/zinc (Shanghai: 3.85, London: 3.50), copper/aluminum (Shanghai: 4.09, London: 3.83), copper/lead (Shanghai: 5.01, London: 5.21), aluminum/zinc (Shanghai: 0.94, London: 0.92), aluminum/lead (Shanghai: 1.22, London: 1.36), lead/zinc (Shanghai: 0.77, London: 0.67) [5].
有色套利早报-20251013
Yong An Qi Huo·2025-10-13 02:19