一、动力煤：宝城期货品种套利数据日报（2026年1月26日）-20260126

Report Summary 1. Report Industry Investment Rating There is no information about the industry investment rating in the provided report. 2. Core Viewpoint The report presents the daily arbitrage data of various futures varieties on January 26, 2026, including power coal, energy chemicals, black metals, non - ferrous metals, agricultural products, and stock index futures, mainly showing the basis, inter - period spreads, and inter - variety spreads of these varieties. 3. Summary by Directory Power Coal - Basis data from January 19 to January 23, 2026, shows that the basis was - 108 on January 19, - 112 on January 20, - 115 on January 21, - 116 on January 22, and - 116 on January 23. The 5 - 1, 9 - 1, and 9 - 5 inter - period spreads were all 0 during this period [2]. Energy Chemicals - Energy Commodities: Basis data of fuel oil, INE crude oil, and the ratio of crude oil to asphalt from January 19 to January 23, 2026, are provided. For example, the ratio of crude oil to asphalt was 64.18 on January 23, 62.33 on January 22, 78.62 on January 21, etc. [7]. - Chemical Commodities: - Basis data of rubber, methanol, PTA, LLDPE, PVC, and PP from January 19 to January 23, 2026. For instance, the basis of rubber was - 45 on January 19, - 320 on January 20, - 345 on January 21, - 250 on January 22, and - 315 on January 23 [9]. - Inter - period spreads of rubber, methanol, PTA, LLDPE, PVC, PP, and ethylene glycol. For example, the 5 - 1 inter - period spread of rubber was - 630, and the 9 - 1 was - 710 [10]. - Inter - variety spreads of LLDPE - PVC, LLDPE - PP, PP - PVC, and PP - 3 * methanol from January 19 to January 23, 2026. For example, the LLDPE - PVC spread was 1905 on January 19, 1832 on January 20, 1896 on January 21, 1953 on January 22, and 1980 on January 23 [10]. Black Metals - Basis data of rebar, iron ore, coke, and coking coal from January 19 to January 23, 2026. For example, the basis of rebar was 140 on January 19, 159 on January 20, 143 on January 21, 136 on January 22, and 118 on January 23 [21]. - Inter - period spreads of rebar, iron ore, coke, and coking coal. For example, the 5 - 1 inter - period spread of rebar was - 71 [20]. - Inter - variety spreads of rebar/iron ore, rebar/coke, coke/coking coal, and rebar - hot - rolled coil from January 19 to January 23, 2026. For example, the rebar/iron ore ratio was 3.95 on January 19, 3.98 on January 20, 3.96 on January 21, 3.98 on January 22, and 3.96 on January 23 [20]. Non - Ferrous Metals - Domestic Market: Basis data of copper, aluminum, zinc, lead, nickel, and tin from January 19 to January 23, 2026. For example, the basis of copper was - 160 on January 19, - 740 on January 20, - 1270 on January 21, - 690 on January 22, and - 670 on January 23 [29]. - London Market: LME spreads, Shanghai - London ratios, CIF prices, domestic spot prices, and import profit - loss data of copper, aluminum, zinc, lead, nickel, and tin on January 23, 2026. For example, the LME spread of copper was (66.06), and the Shanghai - London ratio was 7.85 [32]. Agricultural Products - Basis data of soybeans No.1, soybeans No.2, soybean meal, soybean oil, and corn from January 19 to January 23, 2026. For example, the basis of soybeans No.1 was - 161 on January 19, - 178 on January 20, - 152 on January 21, - 167 on January 22, and - 204 on January 23 [36]. - Inter - period spreads of soybeans No.1, soybeans No.2, soybean meal, soybean oil, rapeseed meal, rapeseed oil, palm oil, corn, sugar, and cotton. For example, the 5 - 1 inter - period spread of soybeans No.1 was - 38 [36]. - 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 January 19 to January 23, 2026. For example, the soybeans No.1/corn ratio was 1.89 on January 19, 1.90 on January 20, 1.89 on January 21, 1.89 on January 22, and 1.90 on January 23 [36]. Stock Index Futures - Basis data of CSI 300, SSE 50, CSI 500, and CSI 1000 from January 19 to January 23, 2026. For example, the basis of CSI 300 was - 1.00 on January 23 [48]. - Inter - period spreads of CSI 300, SSE 50, CSI 500, and CSI 1000 (next - month - current - month and next - quarter - current - quarter). For example, the next - month - current - month spread of CSI 300 was 1.0 [48].