宝城期货品种套利数据日报（2025年12月5日）：宝城期货品种套利数据日报-20251205

1. Report Industry Investment Rating - No information provided in the report 2. Core Viewpoints of the Report - The report presents the arbitrage data of various futures varieties on December 5, 2025, including basis, inter - month spreads, and inter - commodity spreads of different commodities such as thermal coal, energy chemicals, black metals, non - ferrous metals, agricultural products, and stock index futures [1][2][5][7][9][10][19][20][26][29][34][40][50][51] 3. Summary of Each Section Thermal Coal - The table shows the basis and inter - month spreads (5 - 1, 9 - 1, 9 - 5) of thermal coal from November 28 to December 4, 2025. For example, on December 4, 2025, the basis was - 10 yuan/ton [1][2] Energy Chemicals - Energy Commodities: The basis data of fuel oil, INE crude oil, and the ratio of crude oil to asphalt from November 28 to December 4, 2025 are provided. For example, on December 4, 2025, the basis of INE crude oil was 5.07 yuan/ton, and the ratio of crude oil to asphalt was 0.1538 [7] - Chemical Commodities: - Basis: The basis data of rubber, methanol, PTA, LLDPE, PVC, and PP from November 28 to December 4, 2025 are presented. For example, on December 4, 2025, the basis of rubber was - 390 yuan/ton [9] - Inter - month Spreads: The inter - month spreads (5 - 1, 9 - 1, 9 - 5) of rubber, methanol, PTA, LLDPE, PVC, PP, and ethylene glycol are given. For example, for rubber, the 5 - 1 spread was - 60 yuan/ton [10] - Inter - commodity Spreads: The inter - commodity spreads (LLDPE - PVC, LLDPE - PP, PP - PVC, PP - 3 * methanol) from November 28 to December 4, 2025 are shown. For example, on December 4, 2025, the LLDPE - PVC spread was 2280 yuan/ton [10] Black Metals - Basis: The basis data of rebar, iron ore, coke, and coking coal from November 28 to December 4, 2025 are provided. For example, on December 4, 2025, the basis of rebar was 145.0 yuan/ton [20] - Inter - month Spreads: The inter - month spreads (5 - 1, 9(10) - 1, 9(10) - 5) of rebar, iron ore, coke, and coking coal are presented. For example, for rebar, the 5 - 1 spread was 24 yuan/ton [19] - Inter - commodity Spreads: The inter - commodity spreads (rebar/iron ore, rebar/coke, coke/coking coal, rebar - hot - rolled coil) from November 28 to December 4, 2025 are shown. For example, on December 4, 2025, the rebar/iron ore ratio was 3.98 [19] Non - ferrous Metals - Domestic Market: The domestic basis data of copper, aluminum, zinc, lead, nickel, and tin from November 28 to December 4, 2025 are provided. For example, on December 4, 2025, the basis of copper was - 10 yuan/ton [29] - London Market: On December 4, 2025, data such as LME spreads, Shanghai - London ratios, CIF prices, domestic spot prices, and import profit and loss of LME non - ferrous metals (copper, aluminum, zinc, lead, nickel, tin) are presented. For example, the LME spread of copper was 50.44, and the import loss of copper was 1669.73 yuan [34] Agricultural Products - Basis: The basis data of soybeans No.1, soybeans No.2, soybean meal, soybean oil, and corn from November 28 to December 4, 2025 are provided. For example, on December 4, 2025, the basis of soybeans No.1 was - 85 yuan/ton [40] - Inter - month Spreads: The inter - month spreads (5 - 1, 9 - 1, 9 - 5) of soybeans No.1, soybeans No.2, soybean meal, soybean oil, rapeseed meal, rapeseed oil, palm oil, corn, sugar, and cotton are given. For example, for soybeans No.1, the 5 - 1 spread was 48 yuan/ton [40] - Inter - commodity Spreads: The report mentions inter - commodity spreads such as soybeans No.1/corn, soybeans No.2/corn, soybean oil/soybean meal, soybean meal - rapeseed meal, soybean oil - palm oil, rapeseed oil - soybean oil, and corn - corn starch, but specific data is not fully presented [40] Stock Index Futures - Basis: The basis data of CSI 300, SSE 50, CSI 500, and CSI 1000 from November 28 to December 4, 2025 are provided. For example, on December 4, 2025, the basis of CSI 300 was 15.97 [51] - Inter - month Spreads: The inter - month spreads (next - month - current - month, next - quarter - current - quarter) of CSI 300, SSE 50, CSI 500, and CSI 1000 are presented. For example, for CSI 300, the next - month - current - month spread was - 178 [51]