有色套利早报 研究中心有色团队 2025/05/20 铜：跨市套利跟踪 2025/05/20 国内价格 LME价格 比价 现货 78070 9497 8.27 三月 77020 9481 8.19 均衡比价 盈利 现货进口 8.25 -103.15 现货出口 5.75 锌：跨市套利跟踪 2025/05/20 国内价格 LME价格 比价 现货 22650 2656 8.53 三月 22120 2688 6.28 均衡比价 盈利 现货进口 8.69 -435.22 铝：跨市套利跟踪 2025/05/20 国内价格 LME价格 比价 现货 20230 2471 8.19 三月 20065 2470 8.14 均衡比价 盈利 现货进口 8.70 -1280.43 镍：跨市套利跟踪 2025/05/20 国内价格 LME价格 比价 现货 125000 15388 8.12 均衡比价 盈利 现货进口 8.30 -3655.82 理论价差 451 773 理论价差 121 252 锌 当月合约-现货 次月合约-现货 价差 -150 -405 理论价差 168 280 铅 当月合约-现货 次月合约-现货 价差 120 125 ...

铅：跨市套利跟踪 2025/05/15 国内价格 LME价格 比价 现货 16800 1975 8.48 三月 16950 1982 11.40 均衡比价 盈利 现货进口 8.93 -887.82 有色套利早报 研究中心有色团队 2025/05/15 铜：跨市套利跟踪 2025/05/15 国内价格 LME价格 比价 现货 78875 9639 8.13 三月 78460 9625 8.16 均衡比价 盈利 现货进口 8.25 -227.87 现货出口 256.73 锌：跨市套利跟踪 2025/05/15 国内价格 LME价格 比价 现货 22880 2705 8.46 三月 22580 2728 6.20 均衡比价 盈利 现货进口 8.68 -595.29 铝：跨市套利跟踪 2025/05/15 国内价格 LME价格 比价 现货 20210 2521 8.02 三月 20240 2520 8.01 均衡比价 盈利 现货进口 8.70 -1729.07 镍：跨市套利跟踪 2025/05/15 国内价格 LME价格 比价 现货 126350 15594 8.10 均衡比价 盈利 现货进口 8.29 -3771. ...

有色套利早报 研究中心有色团队 2025/05/14 铜：跨市套利跟踪 2025/05/14 国内价格 LME价格 比价 现货 78160 9584 8.20 三月 77600 9565 8.13 均衡比价 盈利 现货进口 8.24 -370.77 现货出口 512.42 锌：跨市套利跟踪 2025/05/14 国内价格 LME价格 比价 现货 22720 2665 8.52 三月 22185 2693 6.29 均衡比价 盈利 现货进口 8.68 -413.51 铝：跨市套利跟踪 2025/05/14 国内价格 LME价格 比价 现货 20015 2482 8.06 三月 19960 2480 8.05 均衡比价 盈利 现货进口 8.71 -1596.65 镍：跨市套利跟踪 2025/05/14 国内价格 LME价格 比价 现货 124800 15411 8.10 均衡比价 盈利 现货进口 8.29 -3291.29 或储存上的错误、或遭第三人侵入系统篡改或伪造变造资料等，我们均不承担任何责任。 铅：跨市套利跟踪 2025/05/14 国内价格 LME价格 比价 现货 16800 1991 8.41 三月 ...

跨期套利跟踪 2025/05/12 铜 次月-现货月 三月-现货月 四月-现货月 五月-现货月 价差 -440 -980 -1430 -1770 理论价差 491 881 1279 1678 锌 次月-现货月 三月-现货月 四月-现货月 五月-现货月 价差 -375 -630 -775 -850 理论价差 216 338 459 581 铝 次月-现货月 三月-现货月四月-现货月 五月-现货月 价差 -65 -150 -205 -205 理论价差 209 320 430 540 铅 次月-现货月 三月-现货 月 四月-现货月 五月-现货月 价差 60 50 40 60 理论价差 209 313 418 523 镍 次月-现货月 三月-现货月 四月-现货 月 五月-现货月 价差 -90 10 250 510 锡 5-1 价差 490 理论价差 5366 期现套利跟踪 2025/05/12 铜 当月合约-现货 次月合约-现货 价差 -295 -735 理论价差 109 478 锌 当月合约-现货 次月合约-现货 价差 -225 -600 理论价差 5 137 免责声明: 以上内容所依据的信息均来源于交易所、媒体及 ...

有色套利早报 研究中心有色团队 2025/05/09 铜：跨市套利跟踪 2025/05/09 国内价格 LME价格 比价 现货 78450 9409 8.33 三月 76780 9364 8.30 均衡比价 盈利 现货进口 8.29 -252.05 现货出口 -332.50 锌：跨市套利跟踪 2025/05/09 国内价格 LME价格 比价 现货 22850 2569 8.90 三月 21920 2602 6.45 均衡比价 盈利 现货进口 8.78 308.41 铝：跨市套利跟踪 2025/05/09 国内价格 LME价格 比价 现货 19620 2376 8.26 三月 19410 2382 8.22 均衡比价 盈利 现货进口 8.78 -1237.36 镍：跨市套利跟踪 2025/05/09 国内价格 LME价格 比价 现货 125000 15323 8.16 均衡比价 盈利 现货进口 8.33 -4119.54 易后果，凡据此入市者，我公司不承担任何责任。未经公司授权，不得随意转载、复制、传播本网站中所有研究分析报告、行情分析视频等全 部或部分材料、内容。对可能因互联网软硬件设备故障或失灵、或因不可抗 ...

Report Industry Investment Rating - No relevant information provided 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, lead, and tin on May 8, 2025 [1][4][5] Summary by Related Catalogs Cross - Market Arbitrage Tracking - **Copper**: On May 8, 2025, the domestic spot price was 78,575, LME price was 9,498, and the ratio was 8.23; the three - month domestic price was 77,410, LME price was 9,477, and the ratio was 8.22. The equilibrium ratio for spot import was 8.27, with a profit of 52.52, and the profit for spot export was - 1.20 [1] - **Zinc**: The domestic spot price was 22,840, LME price was 2,582, and the ratio was 8.85; the three - month domestic price was 21,955, LME price was 2,619, and the ratio was 6.36. The equilibrium ratio for spot import was 8.75, with a profit of 236.34 [1] - **Aluminum**: The domestic spot price was 19,620, LME price was 2,369, and the ratio was 8.27; the three - month domestic price was 19,400, LME price was 2,398, and the ratio was 8.16. The equilibrium ratio for spot import was 8.76, with a profit of - 1153.53 [1] - **Nickel**: The domestic spot price was 125,650, LME price was 15,479, and the ratio was 8.12. The equilibrium ratio for spot import was 8.31, with a profit of - 3755.62 [1] - **Lead**: The domestic spot price was 16,600, LME price was 1,907, and the ratio was 8.68; the three - month domestic price was 16,690, LME price was 1,924, and the ratio was 11.57. The equilibrium ratio for spot import was 8.97, with a profit of - 562.77 [3] Cross - Period Arbitrage Tracking - **Copper**: The spreads for the next month, three - month, four - month, and five - month relative to the spot month were - 120, - 500, - 860, and - 1170 respectively, while the theoretical spreads were 492, 881, 1280, and 1678 [4] - **Zinc**: The spreads were - 555, - 810, - 965, and - 1040, and the theoretical spreads were 217, 340, 462, and 585 [4] - **Aluminum**: The spreads were - 460, - 525, - 565, and - 585, and the theoretical spreads were 211, 322, 434, and 546 [4] - **Lead**: The spreads were 80, 70, 65, and 50, and the theoretical spreads were 208, 312, 416, and 520 [4] - **Nickel**: The spreads were 0, 200, 390, and 530 [4] - **Tin**: The 5 - 1 spread was - 320, and the theoretical spread was 5421 [4] Spot - Futures Arbitrage Tracking - **Copper**: The spreads for the current - month and next - month contracts relative to the spot were - 665 and - 785, and the theoretical spreads were 86 and 503 [4] - **Zinc**: The spreads were - 75 and - 630, and the theoretical spreads were 9 and 142 (also mentioned as 146 and 197) [4][5] - **Lead**: The spreads were 20 and 100, and the theoretical spreads were 105 and 216 [5] Cross - Variety Arbitrage Tracking - On May 8, 2025, the ratios of copper/zinc, copper/aluminum, copper/lead, aluminum/zinc, aluminum/lead, and lead/zinc for Shanghai (three - continuous) were 3.53, 3.99, 4.64, 0.88, 1.16, and 0.76 respectively; for LME (three - continuous) were 3.60, 3.95, 4.81, 0.91, 1.22, and 0.75 [5]

跨期套利跟踪 2025/04/30 铜 次月-现货月 三月-现货月 四月-现货月 五月-现货月 价差 -160 -410 -690 -880 理论价差 491 880 1277 1675 锌 次月-现货月 三月-现货月 四月-现货月 五月-现货月 价差 -240 -465 -605 -675 理论价差 217 340 463 586 铝 次月-现货月 三月-现货月四月-现货月 五月-现货月 价差 -80 -150 -190 -195 理论价差 211 323 435 547 铅 次月-现货月 三月-现货 月 四月-现货月 五月-现货月 价差 -95 -110 -100 -135 理论价差 210 316 422 528 镍 次月-现货月 三月-现货月 四月-现货 月 五月-现货月 价差 -340 -200 10 280 锡 5-1 价差 780 理论价差 5402 期现套利跟踪 2025/04/30 铜 当月合约-现货 次月合约-现货 价差 -255 -415 理论价差 260 668 锌 当月合约-现货 次月合约-现货 价差 -170 -410 理论价差 77 210 有色套利早报 研究中心有色团队 202 ...

2025 年 4 月 29 日 锡：小幅修复 | 王蓉 | 投资咨询从业资格号：Z0002529 | wangrong013179@gtjas.com | | --- | --- | --- | | 刘雨萱 | 投资咨询从业资格号：Z0020476 | liuyuxuan023982@gtjas.com | 请务必阅读正文之后的免责条款部分 1 期货研究 【基本面跟踪】 锡基本面数据 | 锡基本面数据 | | | | | | | --- | --- | --- | --- | --- | --- | | | | 昨日收盘价 | 日涨幅% | 昨日夜盘收盘 价 | 夜盘涨幅 | | | 沪锡主力合约 | 262,840 | 1.26% | 261,510 | -0.23% | | | 伦 锡3M电子盘 | 32,150 | 0.55% | - | - | | 期 货 | | 昨日成交 | 较前日变动 | 昨日持仓 | 较前日变动 | | | 沪锡主力合约 | 72,011 | -24,008 | 17,601 | -5,566 | | | 伦 锡3M电子盘 | 206 | 0 | 176 | 0 | | | | ...

1. Report Industry Investment Rating - No investment rating provided in the report 2. Core Viewpoints - The report presents cross - market, cross - period, and cross - variety arbitrage tracking data for multiple non - ferrous metals including copper, zinc, aluminum, nickel, lead, tin on April 21, 2025, providing investors with information for potential arbitrage opportunities [1][3][4] 3. Summary by Relevant Catalogs Cross - Market Arbitrage Tracking - **Copper**: Domestic spot price is 76,290, March price is 75,980, LME March price is 9,254, and the ratio is 8.22 [1] - **Zinc**: Domestic spot price is 22,420, March price is 21,920, LME March price is 2,595, and the ratio is 6.51 [1] - **Aluminum**: Domestic spot price is 19,820, March price is 19,625, LME March price is 2,385, and the ratio is 8.25 [1] - **Nickel**: Domestic spot price is 127,200, and the profit of spot import is - 3,917.34 [1] - **Lead**: Domestic spot price is 16,875, March price is 16,835, LME March price is 1,928, and the ratio is 11.43 [2] Cross - Period Arbitrage Tracking - **Copper**: The spreads between different months and the spot month are 270 (next month), 110 (March), - 20 (April), - 70 (May), while the theoretical spreads are 481, 861, 1249, 1637 respectively [3] - **Zinc**: The spreads are - 210, - 340, - 415, - 455, and the theoretical spreads are 214, 335, 455, 575 respectively [3] - **Aluminum**: The spreads are - 35, - 105, - 140, - 150, and the theoretical spreads are 210, 320, 431, 542 respectively [3] - **Lead**: The spreads are 105, 85, 70, 85, and the theoretical spreads are 209, 314, 418, 523 respectively [3] - **Nickel**: The spreads are - 290, - 190, 40, 200 [3] - **Tin**: The 5 - 1 spread is - 1020, and the theoretical spread is 5335 [3] Spot - Futures Arbitrage Tracking - **Copper**: The spreads between the current - month and next - month contracts and the spot are - 425 and - 155 respectively, while the theoretical spreads are 385 and 847 respectively [3] - **Zinc**: The spreads are - 160 and - 370, and the theoretical spreads are 129 and 259 respectively [3] - **Lead**: The spreads are - 125 and - 20, and the theoretical spreads are 155 and 268 respectively [4] Cross - Variety Arbitrage Tracking - The ratios of copper/zinc, copper/aluminum, copper/lead, aluminum/zinc, aluminum/lead, lead/zinc for Shanghai (three - continuous contracts) are 3.47, 3.87, 4.51, 0.90, 1.17, 0.77 respectively [4]