一、动力煤:宝城期货品种套利数据日报(2025年12月18日)-20251218
Bao Cheng Qi Huo·2025-12-18 02:01

Report Industry Investment Rating - Not provided in the content Core View of the Report - The report presents the daily arbitrage data of various futures varieties on December 18, 2025, including power coal, energy chemicals, black metals, non - ferrous metals, agricultural products, and stock index futures, showing the basis, inter - period and inter - variety spreads of different commodities [1][5][20][26][41][51] Summary by Directory 1. Power Coal - The report shows the basis data of power coal from December 11 to December 17, 2025. The basis on December 17 was - 83.4 yuan/ton, showing a continuous decline trend compared with previous days [1][2] 2. Energy Chemicals (1) Energy Commodities - It provides the basis data of fuel oil, INE crude oil, and the ratio of crude oil to asphalt from December 11 to December 17, 2025. For example, the basis of fuel oil on December 17 was - 19.33 yuan/ton [7] (2) Chemical Commodities - Basis: The basis data of rubber, methanol, PTA, LLDPE, V, and PP from December 11 to December 17, 2025 are presented. For instance, the basis of rubber on December 17 was - 340 yuan/ton [9] - Inter - period Spreads: The inter - period spreads (5 - 1 month, 9 - 1 month, 9 - 5 month) of rubber, methanol, PTA, LLDPE, PVC, PP, and ethylene glycol are given. For example, the 5 - 1 month spread of rubber was - 45 yuan/ton [10] - Inter - variety Spreads: The inter - variety spreads of LLDPE - PVC, LLDPE - PP, PP - PVC, and PP - 3*methanol from December 11 to December 17, 2025 are shown. On December 17, the LLDPE - PVC spread was 2110 yuan/ton [10] 3. Black Metals - Basis: The basis data of螺纹钢, iron ore, coke, and coking coal from December 11 to December 17, 2025 are provided. For example, the basis of螺纹钢 on December 17 was 206.0 yuan/ton [20] - Inter - period Spreads: The inter - period spreads (5 - 1 month, 9(10) - 1 month, 9(10) - 5 month) of螺纹钢, iron ore, coke, and coking coal are presented. The 5 - 1 month spread of螺纹钢 was - 13.0 yuan/ton [19] - Inter - variety Spreads: The inter - variety spreads of螺/矿, 螺/焦炭, 焦炭/焦煤, and 螺 - 热卷 from December 11 to December 17, 2025 are given. On December 17, the 螺/矿 ratio was 4.03 [19] 4. Non - ferrous Metals (1) Domestic Market - The domestic basis data of copper, aluminum, zinc, lead, nickel, and tin from December 11 to December 17, 2025 are provided. For example, the basis of copper on December 17 was - 660 yuan/ton [28] (2) London Market - On December 17, 2025, the LME spreads, Shanghai - London ratios, CIF prices, domestic spot prices, and import profit and loss data of copper, aluminum, zinc, lead, nickel, and tin in the London market are presented. For example, the LME spread of copper was (15.30) [33] 5. Agricultural Products - Basis: The basis data of soybeans No.1, soybeans No.2, soybean meal, soybean oil, and corn from December 11 to December 17, 2025 are shown. The basis of soybeans No.1 on December 17 was - 70 yuan/ton [41] - Inter - period Spreads: The inter - period spreads (5 - 1 month, 9 - 1 month, 9 - 5 month) of various agricultural products are provided, such as the 5 - 1 month spread of soybeans No.1 was 39 yuan/ton [41] - Inter - variety Spreads: The inter - variety spreads of soybeans No.1/corn, soybeans No.2/corn, soybean oil/soybean meal, etc. on December 17, 2025 are given. The ratio of soybeans No.1 to corn was 1.85 [41] 6. Stock Index Futures - Basis: The basis data of CSI 300, SSE 50, CSI 500, and CSI 1000 from December 11 to December 17, 2025 are presented. The basis of CSI 300 on December 17 was 1.68 [52] - Inter - period Spreads: The inter - period spreads (next month - current month, next quarter - current quarter) of CSI 300, SSE 50, CSI 500, and CSI 1000 are shown. The next month - current month spread of CSI 300 was - 194 [52]