Report Summary 1. Report Industry Investment Rating No industry investment rating is provided in the reports. 2. Core View The reports present cross - market, cross - period, spot - futures, and cross - variety arbitrage tracking data for various non - ferrous metals on January 7, 2026, including copper, zinc, aluminum, nickel, lead, and tin, helping investors identify potential arbitrage opportunities. 3. Summary by Related Catalogs Cross - Market Arbitrage Tracking - Copper: On January 7, 2026, the domestic spot price was 103,600, the LME price was 13,375, and the ratio was 7.55. The spot import equilibrium ratio was 7.93, with a loss of 1,275.62; the spot export profit was 1,514.20. The March ratio was 7.77 [1]. - Zinc: The domestic spot price was 24,340, the LME price was 3,202, and the ratio was 7.60. The spot import equilibrium ratio was 8.34, with a loss of 2,367.48. The March ratio was 5.41 [1]. - Aluminum: The domestic spot price was 23,910, the LME price was 3,093, and the ratio was 7.73. The spot import equilibrium ratio was 8.33, with a loss of 1,869.78. The March ratio was 7.76 [1]. - Nickel: The domestic spot price was 141,150, the LME price was 17,370, and the ratio was 8.13. The spot import equilibrium ratio was 8.02, with a profit of 440.63 [1]. - Lead: The domestic spot price was 17,425, the LME price was 1,994, and the ratio was 8.70. The spot import equilibrium ratio was 8.59, with a profit of 225.30. The March ratio was 11.92 [3]. Cross - Period Arbitrage Tracking - Copper: On January 7, 2026, the spreads between the next - month, March, April, and May contracts and the spot - month contract were 4,130, 4,250, 4,230, and 4,180 respectively, while the theoretical spreads were 608, 1,114, 1,629, and 2,144 [4]. - Zinc: The spreads were 495, 545, 575, and 590, and the theoretical spreads were 222, 350, 478, and 606 [4]. - Aluminum: The spreads were 725, 785, 815, and 865, and the theoretical spreads were 229, 359, 489, and 619 [4]. - Lead: The spreads were 145, 170, 175, and 205, and the theoretical spreads were 212, 320, 428, and 536 [4]. - Nickel: The spreads were 6,050, 6,270, 6,550, and 6,880 [4]. - Tin: The 5 - 1 spread was 1,040, and the theoretical spread was 7,153 [4]. Spot - Futures Arbitrage Tracking - Copper: The spreads between the current - month and next - month contracts and the spot were - 2,445 and 1,685 respectively, and the theoretical spreads were - 107 and 1,066 [4]. - Zinc: The spreads were - 540 and - 45, and the theoretical spreads were 101 and 242 [4]. - Lead: The spreads were - 50 and 95, and the theoretical spreads were 100 and 216 [5]. Cross - Variety Arbitrage Tracking - Cross - Variety Ratios: On January 7, 2026, the Shanghai (three - continuous) ratios for copper/zinc, copper/aluminum, copper/lead, aluminum/zinc, aluminum/lead, and lead/zinc were 4.33, 4.32, 6.01, 1.00, 1.39, and 0.72 respectively. The LME (three - continuous) ratios were 4.07, 4.23, 6.38, 0.96, 1.51, and 0.64 [5].
有色套利早报-20260107
Yong An Qi Huo·2026-01-07 01:14