有色套利早报-20260313

Report Summary 1. Report Industry Investment Rating - No investment rating information is provided in the report. 2. Report 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, and lead on March 13, 2026, to help investors find potential arbitrage opportunities [1][3][6]. 3. Summary by Related Catalogs Cross - Market Arbitrage Tracking - Copper: On March 13, 2026, the domestic spot price was 100575, LME spot price was 12896, with a spot ratio of 7.81. The spot import equilibrium ratio was 7.81, and the profit was - 319.72. The three - month domestic price was 101160, LME price was 12998, with a ratio of 7.78 [1]. - Zinc: The domestic spot price was 24330, LME spot price was 3269, with a spot ratio of 7.44. The spot import equilibrium ratio was 8.21, and the profit was - 2510.67. The three - month domestic price was 24340, LME price was 3314, with a ratio of 5.02 [1]. - Aluminum: The domestic spot price was 25260, LME spot price was 3522, with a spot ratio of 7.17. The spot import equilibrium ratio was 8.25, and the profit was - 3772.67. The three - month domestic price was 25325, LME price was 3488, with a ratio of 7.29 [3]. - Nickel: The domestic spot price was 135650, LME spot price was 17372, with a spot ratio of 7.81. The spot import equilibrium ratio was 7.96, and the profit was - 1006.22 [3]. - Lead: The domestic spot price was 16450, LME spot price was 1890, with a spot ratio of 8.72. The spot import equilibrium ratio was 8.48, and the profit was 436.18. The three - month domestic price was 16655, LME price was 1938, with a ratio of 12.61 [5]. Cross - Period Arbitrage Tracking - Copper: The spreads between the next - month, three - month, four - month, and five - month contracts and the spot month were 230, 380, 410, and 390 respectively, while the theoretical spreads were 606, 1110, 1623, and 2136 [6]. - Zinc: The spreads were 10, 50, 95, and 105 respectively, and the theoretical spreads were 224, 355, 485, and 616 [6]. - Aluminum: The spreads were 75, 160, 215, and 240 respectively, and the theoretical spreads were 237, 375, 512, and 650 [6]. - Lead: The spreads were 0, 40, 90, and 125 respectively, and the theoretical spreads were 208, 312, 416, and 520 [6]. - Nickel: The spreads were 1120, 1600, 1860, and 2070 respectively [6]. - Tin: The 5 - 1 spread was 2900, and the theoretical spread was 8015 [6]. Spot - Futures Arbitrage Tracking - Copper: The spreads between the current - month and next - month contracts and the spot were 130 and 360 respectively, and the theoretical spreads were 157 and 745 [6]. - Zinc: The spreads were - 40 and - 30 respectively, and the theoretical spreads were 75 and 216 [6]. - Lead: The spreads were 165 and 165 respectively, and the theoretical spreads were 107 and 218 [7]. Cross - Variety Arbitrage Tracking - The ratios of copper/zinc, copper/aluminum, copper/lead, aluminum/zinc, aluminum/lead, and lead/zinc in Shanghai (three - continuous contracts) were 4.16, 3.99, 6.07, 1.04, 1.52, and 0.68 respectively, and in London (three - continuous contracts) were 3.94, 3.70, 6.70, 1.07, 1.81, and 0.59 respectively [7].