有色套利早报-20251015

Report Industry Investment Rating - No relevant content found Core View - The report provides cross - market, cross - period, and cross - variety arbitrage tracking data for non - ferrous metals such as copper, zinc, aluminum, lead, nickel, and tin on October 15, 2025 [1][4] Summary by Directory Cross - Market Arbitrage Tracking - Copper: Domestic spot price is 85,925, March price is 84,380, LME March price is 10,527, and the March price ratio is 8.18 [1] - Zinc: Domestic spot price is 22,210, March price is 22,255, LME March price is 2,978, and the March price ratio is 5.73 [1] - Aluminum: Domestic spot price is 20,890, March price is 20,875, LME March price is 2,736, and the March price ratio is 7.65 [1] - Lead: Domestic spot price is 16,850, March price is 17,060, LME March price is 1,981, and the March price ratio is 11.25 [1][3] - Nickel: Domestic spot price is 123,150, and the profit of spot import is - 1,256.48 [1] Cross - Period Arbitrage Tracking - Copper: The spreads of次月 - spot month, March - spot month, April - spot month, and May - spot month are - 590, - 620, - 710, and - 760 respectively, with theoretical spreads of 527, 952, 1386, and 1820 [4] - Zinc: The spreads of次月 - spot month, March - spot month, April - spot month, and May - spot month are 15, 50, 80, and 100 respectively, with theoretical spreads of 214, 334, 454, and 574 [4] - Aluminum: The spreads of次月 - spot month, March - spot month, April - spot month, and May - spot month are - 5, 10, 15, and 5 respectively, with theoretical spreads of 215, 332, 448, and 564 [4] - Lead: The spreads of次月 - spot month, March - spot month, April - spot month, and May - spot month are - 50, - 40, - 40, and 5 respectively, with theoretical spreads of 211, 317, 424, and 530 [4] - Nickel: The spreads of次月 - spot month, March - spot month, April - spot month, and May - spot month are - 320, - 160, 60, and 280 respectively [4] - Tin: The 5 - 1 spread is - 540, with a theoretical spread of 5808 [4] Spot - Futures Arbitrage Tracking - Copper: The spreads of the current - month contract - spot and the next - month contract - spot are - 960 and - 1550 respectively, with theoretical spreads of - 51 and 338 [4] - Zinc: The spreads of the current - month contract - spot and the next - month contract - spot are - 5 and 10 respectively, with theoretical spreads of 71 and 201 [4] - Lead: The spreads of the current - month contract - spot and the next - month contract - spot are 250 and 200 respectively, with theoretical spreads of 113 and 225 [5] Cross - Variety Arbitrage Tracking - The ratios of copper/zinc, copper/aluminum, copper/lead, aluminum/zinc, aluminum/lead, and lead/zinc for Shanghai (three - continuous) are 3.79, 4.04, 4.95, 0.94, 1.22, and 0.77 respectively [5]