有色套利早报 研究中心有色团队 2026/01/06 铜：跨市套利跟踪 2026/01/06 国内价格 LME价格 比价 现货 100600 12934 7.63 三月 101470 12892 7.82 均衡比价 盈利 现货进口 7.93 -1538.75 现货出口 - 锌：跨市套利跟踪 2026/01/06 国内价格 LME价格 比价 现货 23980 3136 7.65 三月 23865 3173 5.49 均衡比价 盈利 现货进口 8.35 -2191.68 铝：跨市套利跟踪 2026/01/06 国内价格 LME价格 比价 现货 23310 3033 7.68 三月 23700 3061 7.71 均衡比价 盈利 现货进口 8.32 -1940.69 镍：跨市套利跟踪 2026/01/06 国内价格 LME价格 比价 现货 136050 16668 8.16 均衡比价 盈利 现货进口 8.02 729.44 铅：跨市套利跟踪 2026/01/06 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 ...

有色套利早报 研究中心有色团队 2025/12/26 铜：跨市套利跟踪 2025/12/26 国内价格 LME价格 比价 现货 94825 - - 三月 96370 12133 7.86 均衡比价 盈利 现货进口 - - 现货出口 - 锌：跨市套利跟踪 2025/12/26 国内价格 LME价格 比价 现货 23090 - - 三月 23095 3087 5.59 均衡比价 盈利 现货进口 - - 铝：跨市套利跟踪 2025/12/26 国内价格 LME价格 比价 现货 21980 - - 三月 22325 2957 7.51 均衡比价 盈利 现货进口 - - 镍：跨市套利跟踪 2025/12/26 国内价格 LME价格 比价 现货 126100 - - 均衡比价 盈利 现货进口 - 45.32 跨期套利跟踪 2025/12/26 铜 次月-现货月 三月-现货月 四月-现货月 五月-现货月 价差 350 510 580 640 理论价差 581 1061 1549 2037 锌 次月-现货月 三月-现货月 四月-现货月 五月-现货月 价差 -125 -95 -50 -20 理论价差 219 344 469 5 ...

有色套利早报 研究中心有色团队 2025/12/23 铜：跨市套利跟踪 2025/12/23 国内价格 LME价格 比价 现货 93770 11976 7.73 三月 94370 11969 7.87 均衡比价 盈利 现货进口 8.00 -1754.65 现货出口 1058.03 锌：跨市套利跟踪 2025/12/23 国内价格 LME价格 比价 现货 23130 3059 7.56 三月 23155 3092 5.47 均衡比价 盈利 现货进口 8.42 -2628.45 铝：跨市套利跟踪 2025/12/23 国内价格 LME价格 比价 现货 21940 2919 7.51 三月 22270 2960 7.49 均衡比价 盈利 现货进口 8.35 -2459.99 镍：跨市套利跟踪 2025/12/23 国内价格 LME价格 比价 现货 120850 15051 8.03 均衡比价 盈利 现货进口 8.09 -557.70 铅：跨市套利跟踪 2025/12/23 国内价格 LME价格 比价 现货 16800 1932 8.71 三月 16920 1979 11.66 均衡比价 盈利 现货进口 8.67 8 ...

有色套利早报 研究中心有色团队 2025/11/27 铜：跨市套利跟踪 2025/11/27 国内价格 LME价格 比价 现货 86690 10873 7.97 三月 86600 10865 7.97 均衡比价 盈利 现货进口 8.03 -712.75 现货出口 293.03 锌：跨市套利跟踪 2025/11/27 国内价格 LME价格 比价 现货 22390 3171 7.06 三月 22365 3008 5.67 均衡比价 盈利 现货进口 8.45 -4415.71 铝：跨市套利跟踪 2025/11/27 国内价格 LME价格 比价 现货 21400 2784 7.68 三月 21505 2811 7.63 均衡比价 盈利 现货进口 8.31 -1733.11 镍：跨市套利跟踪 2025/11/27 国内价格 LME价格 比价 现货 120450 14652 8.22 均衡比价 盈利 现货进口 8.13 -1756.72 铅：跨市套利跟踪 2025/11/27 国内价格 LME价格 比价 现货 16950 1945 8.74 三月 17065 1986 11.26 均衡比价 盈利 现货进口 8.69 96 ...

铅：跨市套利跟踪 2025/11/24 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、或因不可抗力造成的全部或部分信息中断、延迟、遗漏、误导或造成资料传输 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。 国内价格 LME价格 比价 现货 17025 1973 8.66 三月 17170 1995 11.22 均衡比价 盈利 现货进口 8.72 -123.44 有色套利早报 研究中心有色团队 2025/11/24 铜：跨市套利跟踪 2025/11/24 国内价格 LME价格 比价 现货 85800 10677 8.07 三月 85680 10676 8.03 均衡比价 盈利 现货进口 8.07 -632.80 现货出口 75.49 锌：跨市套利跟踪 2025/11/24 国内价格 LME价格 比价 现货 22420 3122 7.18 三月 22400 2987 5.75 均衡比价 盈利 现货进口 8.49 -4097.68 铝：跨市套利跟踪 2 ...

有色套利早报 研究中心有色团队 2025/11/21 铜：跨市套利跟踪 2025/11/21 国内价格 LME价格 比价 现货 86425 10740 8.02 三月 86100 10759 8.03 均衡比价 盈利 现货进口 8.08 -503.28 现货出口 21.23 锌：跨市套利跟踪 2025/11/21 国内价格 LME价格 比价 现货 22420 3125 7.17 三月 22405 2990 5.77 均衡比价 盈利 现货进口 8.51 -4165.28 铝：跨市套利跟踪 2025/11/21 国内价格 LME价格 比价 现货 21570 2781 7.75 三月 21555 2812 7.68 均衡比价 盈利 现货进口 8.35 -1645.40 镍：跨市套利跟踪 2025/11/21 国内价格 LME价格 比价 现货 119950 14384 8.34 均衡比价 盈利 现货进口 8.18 -1472.02 铅：跨市套利跟踪 2025/11/21 国内价格 LME价格 比价 现货 17100 1986 8.62 三月 17235 2015 11.12 均衡比价 盈利 现货进口 8.73 -21 ...

Report Industry Investment Rating - Not provided Core View - The report presents the cross - market, cross - period, and cross - variety arbitrage tracking data of various non - ferrous metals (copper, zinc, aluminum, nickel, lead, tin) on July 28, 2025, including domestic and LME prices, price ratios, spreads, and theoretical spreads [1][3][4] Summary by Relevant Catalogs Cross - Market Arbitrage Tracking - **Copper**: Domestic spot price is 79400, LME spot price is 9786, spot price ratio is 8.17, and spot import profit is - 722.84 [1] - **Zinc**: Domestic spot price is 22750, LME spot price is 2838, spot price ratio is 8.02, and spot import profit is - 1763.87 [1] - **Aluminum**: Domestic spot price is 20780, LME spot price is 2649, spot price ratio is 7.84, and spot import profit is - 1734.41 [1] - **Nickel**: Domestic spot price is 122700, LME spot price is 15340, spot price ratio is 8.00, and spot import profit is - 1990.99 [1] - **Lead**: Domestic spot price is 16725, LME spot price is 2007, spot price ratio is 8.35, and spot import profit is - 974.42 [3] Cross - Period Arbitrage Tracking - **Copper**: The spreads of the second - month, third - month, fourth - month, and fifth - month contracts relative to the spot - month contract are - 580, - 540, - 590, and - 660 respectively, while the theoretical spreads are 501, 900, 1308, and 1717 [4] - **Zinc**: The spreads of the second - month, third - month, fourth - month, and fifth - month contracts relative to the spot - month contract are - 80, - 90, - 130, and - 170 respectively, while the theoretical spreads are 218, 342, 465, and 589 [4] - **Aluminum**: The spreads of the second - month, third - month, fourth - month, and fifth - month contracts relative to the spot - month contract are - 25, - 60, - 125, and - 180 respectively, while the theoretical spreads are 215, 331, 447, and 563 [4] - **Lead**: The spreads of the second - month, third - month, fourth - month, and fifth - month contracts relative to the spot - month contract are 70, 110, 100, and 170 respectively, while the theoretical spreads are 209, 315, 420, and 526 [4] - **Nickel**: The spreads of the second - month, third - month, fourth - month, and fifth - month contracts relative to the spot - month contract are 200, 330, 500, and 750 respectively [4] - **Tin**: The spread of the 5 - 1 contract is - 350, and the theoretical spread is 5622 [4] Cross - Variety Arbitrage Tracking - The ratios of copper/zinc, copper/aluminum, copper/lead, aluminum/zinc, aluminum/lead, and lead/zinc for the Shanghai (three - continuous) contracts are 3.47, 3.83, 4.67, 0.91, 1.22, and 0.74 respectively; for the London (three - continuous) contracts, they are 3.46, 3.71, 4.85, 0.93, 1.31, and 0.71 respectively [5]

有色套利早报 研究中心有色团队 2025/05/28 铜：跨市套利跟踪 2025/05/28 国内价格 LME价格 比价 现货 78440 9617 8.15 三月 77660 9577 8.18 均衡比价 盈利 现货进口 8.23 -822.25 现货出口 67.80 锌：跨市套利跟踪 2025/05/28 国内价格 LME价格 比价 现货 22720 2671 8.51 三月 22155 2692 6.24 均衡比价 盈利 现货进口 8.73 -598.42 铝：跨市套利跟踪 2025/05/28 国内价格 LME价格 比价 现货 20200 2445 8.26 三月 19975 2446 8.18 均衡比价 盈利 现货进口 8.69 -1042.43 镍：跨市套利跟踪 2025/05/28 国内价格 LME价格 比价 现货 123400 15305 8.06 均衡比价 盈利 现货进口 8.28 -4225.15 跨期套利跟踪 2025/05/28 铜 次月-现货月 三月-现货月 四月-现货月 五月-现货月 价差 -370 -610 -880 -1100 理论价差 493 885 1285 1685 锌 ...

Report Industry Investment Rating - No information provided Report's Core View - The report provides 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 9, 2025 [1][4][5] Summary by Related Catalogs Cross - Market Arbitrage Tracking - **Copper**: On May 9, 2025, the domestic spot price was 78,450, the LME price was 9,409, and the ratio was 8.33. The equilibrium ratio for spot import was 8.29, with a profit of - 252.05. The profit for spot export was - 332.50. The ratio for the three - month contract was 8.30 [1] - **Zinc**: The domestic spot price was 22,850, the LME price was 2,569, and the ratio was 8.90. The equilibrium ratio for spot import was 8.78, with a profit of 308.41. The ratio for the three - month contract was 6.45 [1] - **Aluminum**: The domestic spot price was 19,620, the LME price was 2,376, and the ratio was 8.26. The equilibrium ratio for spot import was 8.78, with a profit of - 1,237.36. The ratio for the three - month contract was 8.22 [1] - **Nickel**: The domestic spot price was 125,000, the LME price was 15,323, and the ratio was 8.16. The equilibrium ratio for spot import was 8.33, with a profit of - 4,119.54 [1] - **Lead**: The domestic spot price was 16,700, the LME price was 1,934, and the ratio was 8.60. The equilibrium ratio for spot import was 8.98, with a profit of - 745.16. The ratio for the three - month contract was 11.50 [3] Cross - Period Arbitrage Tracking - **Copper**: On May 9, 2025, the spreads between the next month, three - month, four - month, and five - month contracts and the spot month were - 830, - 1,380, - 1,830, and - 2,240 respectively, while the theoretical spreads were 493, 884, 1,283, and 1,683 respectively [4] - **Zinc**: The spreads were - 500, - 755, - 915, and - 1,000 respectively, and the theoretical spreads were 216, 339, 461, and 584 respectively [4] - **Aluminum**: The spreads were - 70, - 170, - 230, and - 235 respectively, and the theoretical spreads were 209, 319, 429, and 539 respectively [4] - **Lead**: The spreads were 125, 135, 115, and 110 respectively, and the theoretical spreads were 208, 313, 417, and 521 respectively [4] - **Nickel**: The spreads were - 610, - 410, - 210, and 20 respectively [4] - **Tin**: The 5 - 1 spread was - 50, and the theoretical spread was 5,415 [4] Spot - Futures Arbitrage Tracking - **Copper**: The spreads between the current - month and next - month contracts and the spot were - 260 and - 1,090 respectively, and the theoretical spreads were 126 and 439 respectively [4] - **Zinc**: The spreads were - 175 and - 675 respectively, and the theoretical spreads were - 2 and 131 respectively [4] - **Lead**: The spreads were - 50 and 75 respectively, and the theoretical spreads were 91 and 203 respectively [5] Cross - Variety Arbitrage Tracking - On May 9, 2025, the ratios of copper/zinc, copper/aluminum, copper/lead, aluminum/zinc, aluminum/lead, and lead/zinc for the Shanghai (three - continuous) contracts were 3.50, 3.96, 4.57, 0.89, 1.16, and 0.77 respectively. The ratios for the LME (three - continuous) contracts were 3.60, 3.91, 4.85, 0.92, 1.24, and 0.74 respectively [5]