一、动力煤：宝城期货品种套利数据日报（2026年2月3日）-20260203

1. Report Industry Investment Rating - No information provided in the given content. 2. Core View of the Report - The report presents the daily arbitrage data of various futures varieties on February 3, 2026, including power coal, energy chemicals, black metals, non - ferrous metals, agricultural products, and stock index futures, covering aspects such as basis, inter - period spreads, and inter - variety spreads. 3. Summary by Relevant Catalogs 3.1 Power Coal - Basis: From January 27 to February 2, 2026, the basis of power coal was - 116.4 on January 27, - 111.4 on January 28, and - 109.4 from January 29 to February 2 [2]. - Inter - period spreads: The spreads of 5 - month minus 1 - month, 9 - month minus 1 - month, and 9 - month minus 5 - month were all 0 during the period from January 27 to February 2, 2026 [2]. 3.2 Energy Chemicals 3.2.1 Energy Commodities - Basis: For fuel oil, the basis on February 2, 2026 was 127.38; for INE crude oil, the basis on February 2, 2026 was - 3.68; for crude oil/asphalt, the basis on February 2, 2026 was 0.1392 [7]. - Price Ratio: The price ratio of some energy commodities was also provided, such as 99.68 for a certain ratio on February 2, 2026 [7]. 3.2.2 Chemical Commodities - Inter - period spreads: For rubber, the 5 - month minus 1 - month spread was - 485, the 9 - month minus 1 - month spread was - 625, and the 9 - month minus 5 - month spread was - 140; for methanol, the corresponding spreads were - 64, - 45, and 19; for PTA, they were 40, 38, and - 2; for LLDPE, they were - 35, 3, and 38; for PVC, they were - 218, - 101, and 117; for PP, they were 46, 72, and 26; for ethylene glycol, they were - 167, - 76, and 91 [9]. - Inter - variety spreads: For example, on February 2, 2026, the LLDPE - PVC spread was 1889, the LLDPE - PP spread was 171, the PP - PVC spread was 1718, and the PP - 3*methanol spread was - 93 [9]. - Basis: On February 2, 2026, the basis of rubber was - 80, methanol was - 4.5, PTA was - 72, LLDPE was 122, PVC was - 254, and PP was 76 [10]. 3.3 Black Metals - Inter - period spreads: For rebar, the 5 - month minus 1 - month spread was - 82, the 9 - month(10) minus 1 - month spread was - 33, and the 9 - month(10) minus 5 - month spread was 49; for iron ore, the corresponding spreads were 29, 12, and - 17; for coke, they were - 149, - 82, and 67; for coking coal, they were - 248.5, - 172, and 76.5 [19]. - Inter - variety spreads: On February 2, 2026, the rebar/iron ore ratio was 3.96, the rebar/coke ratio was 18132.1, the coke/coking coal ratio was 4690, and the rebar - hot - rolled coil spread was - 161 [19]. - Basis: On February 2, 2026, the basis of rebar was 112, iron ore was 4, coke was - 175.5, and coking coal was 38.5 [20]. 3.4 Non - ferrous Metals 3.4.1 Domestic Market - Basis: On February 2, 2026, the basis of copper was 1460, aluminum was 635, zinc was 455, lead was - 70, nickel was 10760, and tin was 850 [28]. 3.4.2 London Market - LME Ascending/Descending Premium: On February 2, 2026, the LME ascending/descending premium of copper was (59.17), aluminum was (22.32), zinc was (5.35), lead was (47.99), nickel was (218.73), and tin was (300.00) [34]. - Shanghai - London Ratio: On February 2, 2026, the Shanghai - London ratio of copper was 7.83, aluminum was 7.73, zinc was 7.53, lead was 8.49, nickel was 7.85, and tin was 8.16 [34]. - CIF: On February 2, 2026, the CIF of copper was 101532.75, aluminum was 25597.59, zinc was 27517.86, lead was 15764.97, nickel was 136168.76, and tin was 375735.34 [34]. - Domestic Spot Price: On February 2, 2026, the domestic spot price of copper was 101060, aluminum was 23680, zinc was 24970, lead was 16640, nickel was 140410, and tin was 392480 [34]. - Import Profit and Loss: On February 2, 2026, the import profit and loss of copper was (472.75), aluminum was (1917.59), zinc was (2547.86), lead was 875.03, nickel was 4241.24, and tin was 16744.66 [34]. 3.5 Agricultural Products - Basis: On February 2, 2026, the basis of soybeans No.1 was - 233, soybeans No.2 was 96.22, soybean meal was 350, soybean oil was 578, and corn was 49 [38]. - Inter - period spreads: For example, for soybeans No.1, the 5 - month minus 1 - month spread was - 28, the 9 - month minus 1 - month spread was 5, and the 9 - month minus 5 - month spread was 33 [38]. - Inter - variety spreads: On February 2, 2026, the soybeans No.1/corn ratio was 1.93, the soybeans No.2/corn ratio was 1.55, the soybean oil/soybean meal ratio was 2.97, the soybean meal - rapeseed meal spread was 477, the soybean oil - palm oil spread was - 944, the rapeseed oil - soybean oil spread was 1082, and the corn - corn starch spread was - 249 [38]. 3.6 Stock Index Futures - Basis: On February 2, 2026, the basis of CSI 300 was - 20.84, SSE 50 was 133.85, CSI 500 was - 19.49, and CSI 1000 was - 5.74 [50]. - Inter - period spreads: For CSI 300, the next - month minus current - month spread was - 46.2, and the next - quarter minus current - quarter spread was - 1.2; for SSE 50, the next - month minus current - month spread was - 24.8, and the next - quarter minus current - quarter spread was - 10.6; for CSI 500, the next - month minus current - month spread was - 35.2, and the next - quarter minus current - quarter spread was - 145.6; for CSI 1000, the next - month minus current - month spread was - 38.8, and the next - quarter minus current - quarter spread was - 104.2 [50].