一、动力煤：宝城期货品种套利数据日报（2026年3月13日）-20260313

Report Industry Investment Rating - Not provided in the report Core Viewpoint - The report presents the arbitrage data of various futures varieties on March 13, 2026, including base spreads, inter - month spreads, and inter - commodity spreads of different commodities [1][6][22][28][41][55] Summary by Directory 1. Thermal Coal - The base spreads on March 12, 11, 10, 09, and 06, 2026 were -72.4, -67.4, -64.4, -60.4, and -58.4 yuan/ton respectively, while the spreads of 5 - 1 month, 9 - 1 month, and 9 - 5 month were all 0.0 [2] 2. Energy and Chemicals Energy Commodities - The base spreads of INE crude oil on March 12, 11, 10, 09, and 06, 2026 were 206.44, 163.01, 128.92, 94.82, and 30.97 yuan/ton respectively; the base spreads of fuel oil were 38.46, 373.46, 390.52, 1606.16, and 573.99 yuan/ton respectively; the ratios of crude oil to asphalt were 0.1796, 0.1719, 0.1911, 0.1898, and 0.1764 respectively [7] Chemical Commodities - Base Spreads: On March 12, 11, 10, 09, and 06, 2026, the base spreads of rubber were 275, -180, -365, 55, and -235 yuan/ton respectively; methanol were 124, 52, 56, 105, and -26 yuan/ton respectively; PTA were 27, -80, -20, -21, and -80 yuan/ton respectively; LLDPE were -1236, -1154, -767, -944, and -691 yuan/ton respectively; V were 30, -116, -19, 324, and -231 yuan/ton respectively; PP were 447, -172, 80, 1696, and -47 yuan/ton respectively [11] - Inter - month Spreads: The 5 - 1 month spreads of rubber, methanol, PTA, LLDPE, PVC, PP, and ethylene glycol were -640, 215, 886, 566, 5, 952, and 248 yuan/ton respectively; the 9 - 1 month spreads were -740, 27, 412, 219, -18, 330, and 89 yuan/ton respectively; the 9 - 5 month spreads were -100, -188, -474, -347, -23, -622, and -159 yuan/ton respectively [12] - Inter - commodity Spreads: On March 12, 11, 10, 09, and 06, 2026, the spreads of LLDPE - PVC were 2657, 2523, 2706, 2496, and 2338 yuan/ton respectively; LLDPE - PP were -85, -73, -51, -92, and -85 yuan/ton respectively; PP - PVC were 2742, 2596, 2757, 2588, and 2423 yuan/ton respectively; PP - 3*methanol were 171, 161, 234, -267, and -1 yuan/ton respectively [12] 3. Black Metals - Inter - month Spreads: The 5 - 1 month spreads of rebar, iron ore, coke, and coking coal were -53.0, 47.0, -171.5, and -313.0 yuan/ton respectively; the 9(10) - 1 month spreads were -22.0, 18.5, -93.5, and -211.0 yuan/ton respectively; the 9(10) - 5 month spreads were 31.0, -28.5, 78.0, and 102.0 yuan/ton respectively [21] - Inter - commodity Spreads: On March 12, 11, 10, 09, and 06, 2026, the ratios of rebar to iron ore were 3.94, 3.96, 3.98, 3.99, and 4.01 respectively; rebar to coke were 1.8089, 1.8271, 1.8212, 1.7715, and 1.8371 respectively; coke to coking coal were 1.4882, 1.5062, 1.4987, 1.5084, and 1.5140 respectively; the spreads of rebar - hot rolled coil were -154.0, -156.0, -154.0, -145.0, and -140.0 yuan/ton respectively [21] - Base Spreads: On March 12, 11, 10, 09, and 06, 2026, the base spreads of rebar were 110.0, 75.0, 126.0, 111.0, and 82.0 yuan/ton respectively; iron ore were -15.5, -12.5, -14.0, -6.5, and -10.0 yuan/ton respectively; coke were -272.0, -263.0, -225.5, -285.0, and -240.5 yuan/ton respectively; coking coal were 22.0, 30.5, 53.5, 7.0, and 52.0 yuan/ton respectively [22] 4. Non - ferrous Metals Domestic Market - On March 12, 11, 10, 09, and 06, 2026, the base spreads of copper were -710, 220, -310, -510, and -90 yuan/ton respectively; aluminum were 40, -155, -430, 280, and -295 yuan/ton respectively; zinc were 20, -95, -195, -60, and -90 yuan/ton respectively; lead were -175, -240, -210, -200, and -185 yuan/ton respectively; nickel were 3020, 2350, 4790, 4800, and 3600 yuan/ton respectively; tin were -500, 1260, 9730, -3710, and 6340 yuan/ton respectively [29] London Market - On March 12, 2026, the LME spreads of copper, aluminum, zinc, lead, nickel, and tin were (102.11), 33.85, (44.64), (47.22), (207.72), and 72.00 respectively; the Shanghai - London ratios were 7.81, 7.33, 7.40, 8.60, 7.91, and 7.97 respectively; the CIF prices were 100291.25, 28921.24, 26768.72, 15268.10, 136085.95, and 383331.43 respectively; the domestic spot prices were 100990.00, 25290.00, 24390.00, 16660.00, 141120.00, and 390410.00 respectively; the import profit and loss were 698.75, (3631.24), (2378.72), 1391.90, 5034.05, and 7078.57 respectively [36] 5. Agricultural Products - Base Spreads: On March 12, 11, 10, 09, and 06, 2026, the base spreads of soybeans No.1 were -269, -254, -169, -235, and -501 yuan/ton respectively; soybeans No.2 were 70.04, -0.19, 61.3, 18.54, and 69.37 yuan/ton respectively; soybean meal were 226, 182, 227, 275, and 155 yuan/ton respectively; soybean oil were 338, 250, 326, 548, and 308 yuan/ton respectively; corn were -6, -5, 9, -15, and -33 yuan/ton respectively [42] - Inter - month Spreads: The 5 - 1 month spreads of soybeans No.1, soybeans No.2, soybean meal, soybean oil, and rapeseed meal were 10, -1, -12, 112, and 84 yuan/ton respectively; the 9 - 1 month spreads were 29, -32, -24, 6, and 65 yuan/ton respectively; the 9 - 5 month spreads were 19, -31, -12, -106, and -19 yuan/ton respectively. For rapeseed oil, palm oil, corn, sugar, and cotton, the 5 - 1 month spreads were 155, 236, 27, -151, and -325 yuan/ton respectively; the 9 - 1 month spreads were 53, 146, 45, -126, and -280 yuan/ton respectively; the 9 - 5 month spreads were -102, -90, 18, 25, and 45 yuan/ton respectively [42] - Inter - commodity Spreads: On March 12, 11, 10, 09, and 06, 2026, the ratios of soybeans No.1 to corn were 2.03, 2.01, 2.00, 2.00, and 1.95 respectively; soybeans No.2 to corn were 1.61, 1.59, 1.57, 1.57, and 1.53 respectively; soybean oil to soybean meal were 2.81, 2.81, 2.87, 2.90, and 2.91 respectively; the spreads of soybean meal - rapeseed meal were 584, 584, 560, 554, and 532 yuan/ton respectively; soybean oil - palm oil were -1064, -946, -966, -868, and -742 yuan/ton respectively; rapeseed oil - soybean oil were 1159, 1223, 1292, 1232, and 1185 yuan/ton respectively; corn - corn starch were -326, -328, -322, -319, and -316 yuan/ton respectively [42] 6. Stock Index Futures - Inter - month Spreads: The spreads of the next - month to the current - month of CSI 300, SSE 50, CSI 500, and CSI 1000 were -18.0, -1.6, -48.2, and -72.2 respectively; the spreads of the next - quarter to the current - quarter were -72.8, -38.8, -159.4, and -206.8 respectively [52] - Base Spreads: On different dates, the base spreads of CSI 300, SSE 50, CSI 500, and CSI 1000 are presented in the report [55]