一、动力煤：宝城期货品种套利数据日报（2025年11月17日）-20251117

Report Overview - This is the Baocheng Futures Variety Arbitrage Data Daily Report for November 17, 2025, providing data on various futures products including basis, spreads, and cross - product ratios [1] 1. Report Industry Investment Rating - Not provided in the report 2. Report's Core View - No clear - stated core view in the report. It mainly presents daily variety arbitrage data for different futures products including power coal, energy chemicals, black metals, non - ferrous metals, agricultural products, and stock index futures 3. Summary by Category Power Coal - The report shows the basis and spreads (5 - 1 month, 9 - 5 month, 9 - 1 month) of power coal from November 10 to November 14, 2025 [1][2] Energy Chemicals Energy Commodities - Data on the basis of fuel oil, INE crude oil, and the ratio of crude oil to asphalt from November 10 to November 14, 2025 are provided, including values such as basis in yuan per ton and ratios [7] Chemical Commodities - Basis: The basis data of rubber, methanol, PTA, LLDPE, V, and PP from November 10 to November 14, 2025 are given [9] - Cross - Period Spreads: Cross - period spreads (5 - 1 month, 9 - 1 month, 9 - 5 month) of rubber, methanol, PTA, LLDPE, PVC, PP, and ethylene glycol are presented [10] - Cross - Product Spreads: Cross - product spreads of LLDPE - PVC, LLDPE - PP, PP - PVC, and PP - 3 * methanol from November 10 to November 14, 2025 are shown [10] Black Metals - Basis: The basis data of rebar, iron ore, coke, and coking coal from November 10 to November 14, 2025 are provided [20] - Cross - Period Spreads: Cross - period spreads (5 - 1 month, 9(10) - 1 month, 9(10) - 5 month) of rebar, iron ore, coke, and coking coal are presented [19] - Cross - Product Spreads: Cross - product spreads of rebar/iron ore, rebar/coke, coke/coking coal, and rebar - hot - rolled coil from November 10 to November 14, 2025 are shown [19] Non - Ferrous Metals Domestic Market - The domestic basis data of copper, aluminum, zinc, lead, nickel, and tin from November 10 to November 14, 2025 are provided [29] London Market - Data on LME copper, aluminum, zinc, lead, nickel, and tin including LME spreads, Shanghai - London ratios, CIF prices, domestic spot prices, and import profit and loss on November 14, 2025 are presented [34] Agricultural Products - Basis: The basis data of soybeans 1, soybeans 2, soybean meal, soybean oil, and corn from November 10 to November 14, 2025 are provided [40] - Cross - Period Spreads: Cross - period spreads (5 - 1 month, 9 - 1 month, 9 - 5 month) of soybeans 1, soybeans 2, soybean meal, soybean oil, rapeseed meal, rapeseed oil, palm oil, corn, sugar, and cotton are presented [40] - Cross - Product Ratios: Cross - product ratios of soybeans 1/corn, soybeans 2/corn, soybean oil/soybean meal, soybean meal - rapeseed meal, soybean oil - palm oil, rapeseed oil - soybean oil, and corn - corn starch from November 10 to November 14, 2025 are shown [39] Stock Index Futures - Basis: The basis data of CSI 300, SSE 50, CSI 500, and CSI 1000 from November 10 to November 14, 2025 are provided [51] - Cross - Period Spreads: Cross - period spreads (next - month - current - month, next - quarter - current - quarter) of CSI 300, SSE 50, CSI 500, and CSI 1000 are presented [51]