Report Industry Investment Rating - Not provided Core View - 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 February 9, 2026 [1][3][4] Cross - Market Arbitrage Tracking - Copper: Spot price in China is 99,625, LME price is 12,720, with a ratio of 7.90; March price in China is 100,320, LME price is 12,791, ratio 7.86. Spot import equilibrium ratio is 7.87, profit is - 1123.62; spot export profit is - 689.98 [1] - Zinc: Spot price in China is 24,570, LME price is 3,264, ratio 7.53; March price in China is 24,490, LME price is 3,286, ratio 5.05. Spot import equilibrium ratio is 8.28, profit is - 2443.91 [1] - Aluminum: Spot price in China is 23,140, LME price is 2,994, ratio 7.73; March price in China is 23,390, LME price is 3,017, ratio 7.75. Spot import equilibrium ratio is 8.35, profit is - 1869.88 [1] - Nickel: Spot price in China is 129,800, LME price is 16,615, ratio 7.81. Spot import equilibrium ratio is 8.02, profit is - 2777.23 [1] - Lead: Spot price in China is 16,375, LME price is 1,898, ratio 8.64; March price in China is 16,580, LME price is 1,949, ratio 12.61. Spot import equilibrium ratio is 8.54, profit is 189.67 [3] Cross - Period Arbitrage Tracking - Copper: Sub - month - spot month spread is - 580, March - spot month spread is - 360, April - spot month spread is - 240, May - spot month spread is - 190; theoretical spreads are 605, 1109, 1621, 2134 respectively [4] - Zinc: Sub - month - spot month spread is 55, March - spot month spread is 95, April - spot month spread is 130, May - spot month spread is 135; theoretical spreads are 225, 356, 487, 618 respectively [4] - Aluminum: Sub - month - spot month spread is - 25, March - spot month spread is 50, April - spot month spread is 100, May - spot month spread is 150; theoretical spreads are 228, 356, 485, 614 respectively [4] - Lead: Sub - month - spot month spread is 10, March - spot month spread is 80, April - spot month spread is 145, May - spot month spread is 200; theoretical spreads are 208, 311, 415, 518 respectively [4] - Nickel: Sub - month - spot month spread is - 2300, March - spot month spread is - 2060, April - spot month spread is - 1810, May - spot month spread is - 1740 [4] - Tin: 5 - 1 spread is - 2420, theoretical spread is 7371 [4] Spot - Futures Arbitrage Tracking - Copper: Current month contract - spot spread is 1115, sub - month contract - spot spread is 535; theoretical spreads are 390, 855 respectively [4] - Zinc: Current month contract - spot spread is - 175, sub - month contract - spot spread is - 120; theoretical spreads are 91, 233 (also mentioned 141, 275) respectively [4][5] - Lead: Current month contract - spot spread is 125, sub - month contract - spot spread is 135; theoretical spreads are 123, 233 respectively [5] Cross - Variety Arbitrage Tracking - Ratios of copper/zinc, copper/aluminum, copper/lead, aluminum/zinc, aluminum/lead, lead/zinc in Shanghai (three - continuous) are 4.10, 4.29, 6.05, 0.96, 1.41, 0.68 respectively; in London (three - continuous) are 3.88, 4.21, 6.63, 0.92, 1.57, 0.59 respectively [5]
有色套利早报-20260209
Yong An Qi Huo·2026-02-09 01:33