Report Industry Investment Rating - Not provided Core Viewpoints - The report presents cross - market, cross - period, and cross - variety arbitrage tracking data for various non - ferrous metals including copper, zinc, aluminum, nickel, lead, and tin on January 9, 2026 [1][3][5] Summary by Related Catalogs Cross - Market Arbitrage Tracking - Copper: On January 9, 2026, the domestic spot price was 101970, the LME spot price was 12837, and the spot ratio was 8.01. The equilibrium ratio for spot import was 7.93, with a loss of 941.12. The loss for spot export was 1194.91 [1] - Zinc: The domestic spot price was 24180, the LME spot price was 3126, and the spot ratio was 7.73. The equilibrium ratio for spot import was 8.35, with a loss of 1929.08 [1] - Aluminum: The domestic spot price was 24000, the LME spot price was 3064, and the spot ratio was 7.83. The equilibrium ratio for spot import was 8.35, with a loss of 1591.59 [1] - Nickel: The domestic spot price was 146650, the LME spot price was 16961, and the spot ratio was 8.65. The equilibrium ratio for spot import was 8.02, with a profit of 1776.70 [1] - Lead: The domestic spot price was 17350, the LME spot price was 1988, and the spot ratio was 8.70. The equilibrium ratio for spot import was 8.59, with a profit of 228.79 [3] Cross - Period Arbitrage Tracking - Copper: The spreads between the next month, the third month, the fourth month, and the fifth month and the spot month were - 1950, - 1920, - 1940, - 2010 respectively, while the theoretical spreads were 618, 1134, 1659, 2183 [3] - Zinc: The spreads were - 340, - 305, - 270, - 250 respectively, and the theoretical spreads were 225, 355, 486, 616 [3] - Aluminum: The spreads were - 625, - 585, - 540, - 495 respectively, and the theoretical spreads were 233, 367, 500, 634 [3] - Lead: The spreads were - 420, - 385, - 350, - 345 respectively, and the theoretical spreads were 214, 324, 433, 543 [3] - Nickel: The spreads were - 10960, - 10810, - 10510, - 10150 respectively [3] - Tin: The 5 - 1 spread was 900, and the theoretical spread was 7176 [3] Spot - Futures Arbitrage Tracking - Copper: The spreads between the current - month contract, the next - month contract and the spot were 1145, - 805 respectively, and the theoretical spreads were 378, 656 [3] - Zinc: The spreads were 135, - 205 respectively, and the theoretical spreads were 69, 209 [3] - Lead: The spreads were 405, - 15 respectively, and the theoretical spreads were 158, 273 [3] Cross - Variety Arbitrage Tracking - On January 9, 2026, for cross - variety arbitrage, the ratios of copper/zinc, copper/aluminum, copper/lead, aluminum/zinc, aluminum/lead, and lead/zinc in Shanghai (three - continuous) were 4.22, 4.26, 5.83, 0.99, 1.37, 0.72 respectively, and in London (three - continuous) were 4.06, 4.12, 6.28, 0.99, 1.53, 0.65 respectively [5]
有色套利早报-20260109
Yong An Qi Huo·2026-01-09 00:56