宝城期货品种套利数据日报（2025年10月22日）：一、动力煤-20251022

Report Overview - The report is the Baocheng Futures Variety Arbitrage Data Daily Report for October 22, 2025, covering multiple commodities including thermal coal, energy chemicals, black metals, non-ferrous metals, agricultural products, and stock index futures [1] 1. Thermal Coal - Base Price Data: From October 15 - 21, 2025, the base price for thermal coal gradually increased from -70.40 yuan/ton to -39.40 yuan/ton [2] 2. Energy and Chemicals Energy Commodities - Base Price and Ratio: For fuel oil, INE crude oil, and crude oil/asphalt, base prices and ratios varied from October 15 - 21, 2025. For example, the base price of INE crude oil was 8.63 yuan/ton on October 15 and 5.43 yuan/ton on October 21 [7] Chemical Commodities - Base Price: From October 15 - 21, 2025, the base prices of rubber, methanol, PTA, LLDPE, V, and PP changed. For instance, the base price of rubber decreased from -445 yuan/ton on October 17 to -850 yuan/ton on October 21 [9] - Inter - period Spread: The 5 - month minus 1 - month, 9 - month minus 1 - month, and 9 - month minus 5 - month spreads for rubber, methanol, PTA, etc., were provided. For example, the 5 - month minus 1 - month spread for rubber was -5 yuan/ton [10] - Inter - commodity Spread: From October 15 - 21, 2025, the spreads such as LLDPE - PVC, LLDPE - PP, etc., changed. For example, the LLDPE - PVC spread was 2228 yuan/ton on October 15 and 2170 yuan/ton on October 21 [10] 3. Black Metals Base Price - From October 15 - 21, 2025, the base prices of rebar, iron ore, coke, and coking coal changed. For example, the base price of rebar decreased from 173.0 yuan/ton on October 17 to 163.0 yuan/ton on October 21 [20] Inter - period Spread - The 5 - month minus 1 - month, 9 - month (10) minus 1 - month, and 9 - month (10) minus 5 - month spreads for rebar, iron ore, etc., were provided. For example, the 5 - month minus 1 - month spread for rebar was 56 yuan/ton [19] Inter - commodity Spread - From October 15 - 21, 2025, the spreads such as rebar/iron ore, rebar/coke, etc., changed. For example, the rebar/iron ore ratio was 3.90 on October 15 and 3.97 on October 21 [19] 4. Non - ferrous Metals Domestic Market - From October 15 - 21, 2025, the base prices of copper, aluminum, zinc, etc., in the domestic market changed. For example, the base price of copper decreased from 400 yuan/ton on October 20 to 250 yuan/ton on October 21 [28] London Market - The data for the London market had an invalid link and was not available [34] 5. Agricultural Products Base Price - From October 15 - 21, 2025, the base prices of soybeans, soybean meal, soybean oil, etc., changed. For example, the base price of soybeans decreased from -39 yuan/ton on October 15 to -81 yuan/ton on October 21 [38] Inter - period Spread - The 5 - month minus 1 - month, 9 - month minus 1 - month, and 9 - month minus 5 - month spreads for soybeans, soybean meal, etc., were provided. For example, the 5 - month minus 1 - month spread for soybeans was 31 yuan/ton [37] Inter - commodity Spread - From October 15 - 21, 2025, the spreads such as soybean/corn, soybean oil/soybean meal, etc., changed. For example, the soybean/corn ratio was 1.90 on October 15 and 1.90 on October 21 [37] 6. Stock Index Futures Base Price - From October 15 - 21, 2025, the base prices of CSI 300, SSE 50, CSI 500, and CSI 1000 changed. For example, the base price of CSI 300 decreased from 31.42 on October 20 to 30.27 on October 21 [49] Inter - period Spread - The spreads of the next - month minus the current - month and the next - quarter minus the current - quarter for CSI 300, SSE 50, etc., were provided. For example, the next - month minus the current - month spread for CSI 300 was -36.6 [51]