有色套利早报-20260318

Report Industry Investment Rating - Not mentioned in the provided content Report Core View - The report presents cross - market, cross - period, spot - futures, and cross - variety arbitrage tracking data for non - ferrous metals including copper, zinc, aluminum, nickel, and lead on March 18, 2026, to help investors find potential investment opportunities [1][6][7] Summary by Related Catalogs Cross - Market Arbitrage Tracking - Copper: On March 18, 2026, the domestic spot price was 100175, LME spot price was 12666, with a ratio of 7.85; domestic three - month price was 99480, LME three - month price was 12780, ratio of 7.86. Spot import equilibrium ratio was 7.82, with a loss of 125.38; spot export loss was 1596.27 [1] - Zinc: Domestic spot price was 23870, LME spot price was 3206, ratio of 7.44; domestic three - month price was 23785, LME three - month price was 3255, ratio of 5.10. Spot import equilibrium ratio was 8.22, with a loss of 2496.76 [1] - Aluminum: Domestic spot price was 24900, LME spot price was 3409, ratio of 7.30; domestic three - month price was 25050, LME three - month price was 3404, ratio of 7.40. Spot import equilibrium ratio was 8.27, with a loss of 3302.13 [3] - Nickel: Domestic spot price was 135900, LME spot price was 17108, ratio of 7.94. Spot import equilibrium ratio was 7.96, with a loss of 940.39 [3] - Lead: Domestic spot price was 16400, LME spot price was 1876, ratio of 8.75; domestic three - month price was 16620, LME three - month price was 1922, ratio of 12.48. Spot import equilibrium ratio was 8.49, with a profit of 488.67 [5] Cross - Period Arbitrage Tracking - Copper: On March 18, 2026, the differences between the next - month, three - month, four - month, and five - month contracts and the spot - month contract were - 180, - 120, - 70, and - 90 respectively, while the theoretical differences were 600, 1098, 1605, and 2112 [6] - Zinc: The differences were - 70, - 15, 0, and - 20, and the theoretical differences were 222, 350, 478, and 606 [6] - Aluminum: The differences were 50, 110, 140, and 160, and the theoretical differences were 236, 372, 509, and 646 [6] - Lead: The differences were 340, 360, 375, and 380, and the theoretical differences were 206, 309, 411, and 513 [6] - Nickel: The differences were - 460, - 140, 10, and 180 [6] - Tin: The 5 - 1 difference was - 4720, and the theoretical difference was 7790 [6] Spot - Futures Arbitrage Tracking - Copper: The differences between the current - month and next - month contracts and the spot were - 610 and - 790, and the theoretical differences were 503 and 1029 [6] - Zinc: The differences were - 70 and - 140, and the theoretical differences were 174 and 313 [6] - Lead: The differences were - 140 and 200, and the theoretical differences were 155 and 265 [7] Cross - Variety Arbitrage Tracking - On March 18, 2026, for cross - variety arbitrage, the ratios of Shanghai (continuous - three) for copper/zinc, copper/aluminum, copper/lead, aluminum/zinc, aluminum/lead, and lead/zinc were 4.18, 3.97, 5.99, 1.05, 1.51, and 0.70 respectively; for LME (continuous - three), the ratios were 3.96, 3.76, 6.62, 1.05, 1.76, and 0.60 [7]