宝城期货品种套利数据日报-20251231

1. Report Industry Investment Rating - No information provided in the content. 2. Core View of the Report - The report is a daily report on futures variety arbitrage data from Baocheng Futures on December 31, 2025, presenting the basis, inter - period, and inter - variety data of various futures products in different industries [1]. 3. Summary by Directory Power Coal - The basis data of power coal from December 24 - 30, 2025 is presented, with the basis on December 30 being - 131.4 yuan/ton. The 5 - 1, 9 - 1, and 9 - 5 inter - period spreads are all 0.0 [1][2]. Energy and Chemical Industry Energy Commodities - For energy commodities, the basis data of fuel oil, INE crude oil, and the crude oil/asphalt ratio from December 24 - 30, 2025 are provided. For example, the basis of INE crude oil on December 30 is - 2.76 yuan/ton, and the crude oil/asphalt ratio is 0.1455 [7]. Chemical Commodities - Basis: The basis data of rubber, methanol, PTA, LLDPE, PVC, and PP from December 24 - 30, 2025 are given. For instance, the basis of rubber on December 30 is - 370 yuan/ton [9]. - Inter - period: The inter - period spreads (5 - 1, 9 - 1, 9 - 5) of rubber, methanol, PTA, LLDPE, PVC, PP, and ethylene glycol are presented. For example, the 5 - 1 inter - period spread of LLDPE is 81 yuan/ton [11]. - Inter - variety: The inter - variety spreads of LLDPE - PVC, LLDPE - PP, PP - PVC, and PP - 3*methanol from December 24 - 30, 2025 are shown. For example, the LLDPE - PVC spread on December 30 is 1668 yuan/ton [11]. Black Metals - Basis: The basis data of rebar, iron ore, coke, and coking coal from December 24 - 30, 2025 are provided. For example, the basis of rebar on December 30 is 186.0 yuan/ton [21]. - Inter - period: The inter - period spreads (5 - 1, 9(10) - 1, 9(10) - 5) of rebar, iron ore, coke, and coking coal are presented. For example, the 5 - 1 inter - period spread of rebar is 24.0 yuan/ton [20]. - Inter - variety: The inter - variety spreads of rebar/iron ore, rebar/coke, coke/coking coal, and rebar - hot - rolled coil from December 24 - 30, 2025 are shown. For example, the rebar/iron ore ratio on December 30 is 3.95 [20]. Non - ferrous Metals Domestic Market - The domestic basis data of copper, aluminum, zinc, lead, nickel, and tin from December 24 - 30, 2025 are presented. For example, the basis of copper on December 30 is - 220 yuan/ton [28]. London Market - 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 on December 30, 2025 are provided. For example, the LME spread of copper is 39.87, and the import profit and loss is - 886.92 yuan/ton [35]. Agricultural Products - Basis: The basis data of soybeans No.1, soybeans No.2, soybean meal, soybean oil, and corn from December 24 - 30, 2025 are given. For example, the basis of soybeans No.1 on December 30 is - 204 yuan/ton [42]. - Inter - period: The inter - period 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 presented. For example, the 5 - 1 inter - period spread of soybean meal is - 312 yuan/ton [42]. - Inter - variety: The inter - variety spreads of 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 from December 24 - 30, 2025 are shown. For example, the soybean oil/soybean meal ratio on December 30 is 2.84 [42]. Stock Index Futures - Basis: The basis data of CSI 300, SSE 50, CSI 500, and CSI 1000 from December 24 - 30, 2025 are provided. For example, the basis of CSI 300 on December 30 is 29.08 [53]. - Inter - period: The inter - period spreads (next month - current month, next quarter - current quarter) of CSI 300, SSE 50, CSI 500, and CSI 1000 are presented. For example, the next month - current month inter - period spread of CSI 300 is - 13.0 [53].