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专题报告:顺丁橡胶产业链进出口展望
Guang Fa Qi Huo· 2025-12-30 09:15
1. Report Industry Investment Rating - Not provided in the document 2. Core Viewpoints of the Report - In 2026, with the expansion of China's butadiene production capacity and the shutdown of multiple overseas ethylene plants, China's net butadiene imports are expected to decline, and China's exports to South Korea will increase while South Korea's exports to China will decrease. China will remain the main destination for butadiene shipments from Europe and the United States [1][7] - China's exports of butadiene rubber are expected to continue growing in 2026. The production of butadiene rubber is expected to further increase due to new production capacity and improved profits, and the demand for synthetic rubber in overseas regions will also rise, which will boost China's exports [1][12][15] - Looking ahead to tire exports in 2026, there are still uncertainties before the final ruling of the EU's anti - dumping investigation. The rush to export semi - steel tires may reappear, and the export of all - steel tires will continue to grow but at a slower pace [1][23][25] 3. Summary According to the Directory 3.1 Butadiene: The Global Supply of Butadiene Shifts from the West to the East, and China's Net Butadiene Imports May Decrease - From January to November 2025, China's butadiene imports were 484,900 tons, a year - on - year increase of 28.3%, while exports were 24,600 tons, a year - on - year decrease of 81%. The net imports in the first half of the year were 460,300 tons, an 84.8% year - on - year increase [5] - China's butadiene imports consist of fixed long - term contract imports and arbitrage imports. The long - term contract imports are relatively fixed monthly, and the arbitrage imports depend on the opening and closing of the arbitrage windows between China and South Korea, Europe and Asia, and the United States and Asia. In the second half of 2025, the theoretical import arbitrage window was stably open, and imports were expected to increase compared with the first half of the year. The export volume in 2025 decreased sharply [6] - In 2026, with the expansion of China's butadiene production capacity and the shutdown of multiple overseas ethylene plants, China's net butadiene imports are expected to decline. China's exports to South Korea will increase, and South Korea's exports to China will decrease. China will remain the main destination for butadiene shipments from Europe and the United States. In 2025, China's butadiene production capacity increased by 980,000 tons/year, and in 2026, it is planned to increase by 540,000 tons/year, reaching 8.127 million tons/year. South Korea and Europe will see a contraction in ethylene and butadiene production capacity [7] 3.2 Butadiene Rubber: China's Supply of Butadiene Rubber Further Increases, and Exports Are Expected to Continue Growing - From January to November 2025, China's imports and exports of butadiene rubber were 254,000 tons and 287,000 tons respectively, a year - on - year increase of 3.3% and 33.7%. The imports mainly come from Russia, the Middle East, Japan, and South Korea, with Russia accounting for 57.5%. The exports mainly go to Southeast Asia and Morocco, with the main growth coming from Vietnam, Cambodia, and Morocco [10][11] - In 2026, China's exports of butadiene rubber are expected to continue growing. The production is expected to increase due to new production capacity and improved profits. The production capacity is expected to increase by 190,000 tons/year, reaching 2.312 million tons/year, a 9% year - on - year increase. The demand for synthetic rubber in overseas regions will also rise due to factors such as the EU's anti - dumping investigation on Chinese tires and the substitution of synthetic rubber for natural rubber [12][15] 3.3 Tires: There Are Uncertainties in the EU's Anti - Dumping Measures, and China's Tire Exports Still Face Resistance - From January to November 2025, China's exports of passenger car tires (mainly semi - steel tires) were 2.9637 million tons, a year - on - year decrease of 0.67%. Exports to Europe decreased for the first time since 2020 due to the EU's anti - dumping and anti - subsidy investigations. The production increased by 3.2%, and the inventory was at a high level [21] - From January to November 2025, China's exports of truck and bus tires (mainly all - steel tires) were 4.445 million tons, a year - on - year increase of 5.6%. The main growth came from emerging markets such as Africa and Latin America, while exports to Europe and North America decreased. The production increased by 5.2%, and the inventory decreased [22] - In 2026, there are still uncertainties before the final ruling of the EU's anti - dumping investigation. The rush to export semi - steel tires may reappear, but the intensity may be lower than that in May - July 2025. If the EU imposes high anti - dumping duties on Chinese tires, the annual exports of Chinese passenger car tires will likely decline in 2026, but the long - term growth trend will remain unchanged. The export of all - steel tires will continue to grow but at a slower pace [23][25]
广发期货原木期货日报-20251230
Guang Fa Qi Huo· 2025-12-30 07:37
Report Summary 1. Report Industry Investment Rating - Not mentioned in the provided content 2. Core View - In the context of low inventory and the expectation of a decrease in later shipments, some spot prices have been adjusted upwards. The fundamentals of the 03 contract have marginally improved, but the weak demand remains unchanged, limiting the overall upward adjustment space. The market is expected to fluctuate within a range [3]. 3. Summary by Relevant Catalogs Futures and Spot Prices - On December 29th, the prices of log futures contracts (LG2601, LG2603, LG2605) all declined compared to December 26th. The LG2601 contract dropped by 0.72% to 760.5 yuan/cubic meter, the LG2603 contract by 0.06% to 776 yuan/cubic meter, and the LG2605 contract by 0.25% to 785 yuan/cubic meter. The 01 - 03 and 01 - 05 spreads also decreased [2]. - The spot prices of major benchmark delivery products remained unchanged. For example, the price of 3.9 - meter medium - A radiata pine in Shandong was 740 yuan/cubic meter, and that of 4 - meter medium - A radiata pine in Jiangsu was 730 yuan/cubic meter. The latest round of foreign - market quotes was 112 US dollars/JAS cubic meter [3]. Cost - The RMB - US dollar exchange rate on December 29th was 7.008 yuan, up 0.01 yuan from December 28th. The import theoretical cost, calculated with a 15% increase in length, was 772.52 yuan, up 0.61 yuan from the previous day [2]. Supply - In terms of monthly supply, the port freight volume in November was 189.2 million cubic meters, a decrease of 6.01% compared to October. The number of departing ships was 49, a decrease of 9.26% compared to the previous period [2]. - From December 29th, 2025, to January 5th, 2026, 15 ships carrying New Zealand softwood logs are expected to arrive at 13 Chinese ports, an increase of 6 ships (67% week - on - week) compared to the previous week. The total arrival volume is expected to be 51.05 million cubic meters, an increase of 20.45 million cubic meters (66.8% week - on - week) [3]. Inventory - As of December 26th, the total inventory of domestic softwood logs was 254 million cubic meters, a decrease of 6 million cubic meters compared to the previous week. Inventory in Shandong was 181.3 million cubic meters, an increase of 3.9 million cubic meters; inventory in Jiangsu was 52.1 million cubic meters, a decrease of 9.4 million cubic meters (15.30% week - on - week) [2][3]. Demand - As of December 26th, the average daily log out - bound volume was 5.89 million cubic meters, a decrease of 0.49 million cubic meters compared to the previous week. The average daily out - bound volume in Shandong decreased by 0.55 million cubic meters (16%) to 2.79 million cubic meters, and in Jiangsu it decreased by 0.08 million cubic meters (3%) to 2.44 million cubic meters [2][3].
从历史经验看年末铂钯行情
Guang Fa Qi Huo· 2025-12-30 07:31
回顾 2025 年,宏观和地缘政治事件叠加供需错配、市场情绪等驱动贵金属全年呈现"狂飙"走势 超越大多数机构年初的预期,铂钯在供需基本面较强的背景下涨势"突出"。12 月以来,经过短期的 "休整"后以白银和铂金等为代表的贵金属商品启动了新一轮"凶猛"的涨价潮,长期的紧缺、强劲 的需求和相对有限的库存造成短期的供需错配为价格提供支撑,投资者的关注度持续升温,资金流入 加速行情陡峭"攀升"。国际铂金现货价格自月初的 1664 美元/盎司的位置大幅拉升并突破 2008 年的 历史前高最高至 2478.5 美元/盎司,波动幅度接近 50%。11 月底在广州期货交易所上市的铂金期货在 不满 1 个月的情况下,主力 2606 合约多个交易日出现涨停并传导至 2026 年 8 月、10 月和 12 月到 期的合约,成交和持仓量不断上升,同时呈现出相对外盘较高的溢价。钯金走势则以跟随铂金波动为 主上涨动力相对更弱,价格自月内低点拉升至 1959.7 美元/盎司,振幅约 37.6%低于铂金,广期所钯 金期货多次在盘中交易时间内出现涨停后不久即开板的情况。本轮的"猛烈"的上涨行情最终在年内 最后一周的首个交易日终结,短期急剧的上 ...
广发期货日报-20251230
Guang Fa Qi Huo· 2025-12-30 06:38
Report Industry Investment Rating - No information provided in the given documents. Core Views of the Reports 1. **Stock Index Futures Spread Daily Report** - Provides detailed data on stock index futures price differences including current values, historical quantiles, and changes from the previous day for various contracts and spreads [1]. 2. **Bond Futures Spread Daily Report** - Presents data on bond futures basis, inter - period spreads, and cross - variety spreads, including values, historical quantiles, and changes from the previous trading day [2]. 3. **Precious Metals Spot - Futures Daily Report** - Gold prices dropped sharply with the rapid exit of funds. It is recommended to wait and see in the short term. Long - term investors can wait for a pullback. Silver prices are expected to rise in the long run. Platinum and palladium are expected to rise in the medium - to - long - term, but there are short - term price fluctuations [3]. 4. **Container Shipping Industry Spot - Futures Daily Report** - Shipping indices such as SCFIS and SCFI showed an upward trend. Futures prices and basis had different changes, and fundamental data on supply, trade, and overseas economies were presented [5]. Summary by Relevant Catalogs 1. **Stock Index Futures Spread Daily Report** - **Price Differences**: Data on F, H, IC, IM futures - spot spreads and various inter - period spreads are provided, along with their historical quantiles and changes from the previous day [1]. - **Cross - Variety Ratios**: Ratios of CSI 500/CSI 300, IC/IF, etc. are presented, including current values, changes, and historical quantiles [1]. 2. **Bond Futures Spread Daily Report** - **Basis**: Basis data for TS, TF, T, TL are provided, including values, changes, and historical quantiles [2]. - **Inter - period Spreads**: Inter - period spreads for different contracts of TS, TF, T, TL are presented, along with their values, changes, and historical quantiles [2]. - **Cross - Variety Spreads**: Cross - variety spreads such as TS - TF, TS - T are provided, including values, changes, and historical quantiles [2]. 3. **Precious Metals Spot - Futures Daily Report** - **Futures Closing Prices**: Domestic and foreign futures closing prices of gold, silver, platinum, and palladium are presented, along with their changes and percentage changes [3]. - **Spot Prices**: Spot prices of London gold, silver, platinum, and domestic precious metals are provided, including changes and percentage changes [3]. - **Basis**: Basis data for gold and silver are presented, including current and previous values, changes, and historical quantiles [3]. - **Ratios**: Ratios such as COMEX gold/silver, NYMEX platinum/palladium are provided, including changes and percentage changes [3]. - **Interest Rates and Exchange Rates**: Data on 10 - year US Treasury yields, 2 - year US Treasury yields, etc. are presented, including changes and percentage changes [3]. - **Inventory and Positions**: Inventory data of Shanghai Futures Exchange and COMEX, and ETF positions are provided, including changes and percentage changes [3]. 4. **Container Shipping Industry Spot - Futures Daily Report** - **Shipping Indices**: SCFIS and SCFI indices for different routes are presented, including changes and percentage changes [5]. - **Futures Prices and Basis**: Futures prices and basis data for different contracts are provided, including changes and percentage changes [5]. - **Fundamental Data**: Data on global container shipping capacity supply, port - related indicators, overseas economic indicators, and OECD leading indicators are presented, including changes and percentage changes [5].
广发期货贵金属期现日报-20251230
Guang Fa Qi Huo· 2025-12-30 03:18
Report Summary 1) Report Industry Investment Rating No information provided on the report industry investment rating. 2) Core Views - Gold prices experienced a sharp decline in the short - term due to rapid capital outflows, and the market sentiment needs time to recover. It is recommended to wait and see. The market may focus on US economic data and Fed policies. Long - term investors can wait for the price to pull back to a reasonable level and the volatility to be relatively low before making allocations [1]. - Silver prices are expected to rise in the long term, and it is recommended to close positions or lock positions before the New Year's Day holiday and wait for the long - term allocation window [1]. - Platinum and palladium are fundamentally strong in terms of macro and supply - demand, and their prices are still undervalued compared to gold. They are expected to continue to rise in the medium - to - long - term. In the short - term, the domestic market has relatively high risks, and it is recommended to wait for the market to stabilize after the Spring Festival before making allocations [1]. 3) Summary by Relevant Contents Domestic Futures Closing Prices - AU2602 contract closed at 1007.18 yuan/gram on December 29, down 9.12 yuan (-0.90%) from December 26 [1]. - AG2602 contract closed at 18205 yuan/kilogram on December 29, down 114 yuan (-0.62%) from December 26 [1]. - PT2606 contract closed at 634.35 yuan/gram on December 29, down 70.95 yuan (-10.06%) from December 26; PD2606 contract closed at 494.10 yuan/gram, down 21.55 yuan (-4.18%) [1]. Foreign Futures Closing Prices - COMEX gold主力合约 closed at 4350.20 on December 29, down 211.80 (-4.64%) from December 26 [1]. - COMEX silver主力合约 closed at 71.64 on December 29, down 8.04 (-10.08%) from December 26 [1]. - NYMEX platinum主力合约 closed at 2138.90 dollars/ounce on December 29, down 375.00 (-14.92%) from December 26 [1]. - NYMEX palladium主力合约 closed at 1695.50 on December 29, down 365.00 (-17.71%) from December 26 [1]. Spot Prices - London gold was at 4331.96 on December 29, down 200.55 (-4.42%) from December 26 [1]. - London silver was at 72.13 dollars/ounce on December 29, down 7.20 (-9.08%) from December 26 [1]. - Spot platinum was at 2104.07 dollars/ounce on December 29, down 346.84 (-14.15%) from December 26 [1]. - Spot palladium was at 1630.47 on December 29, down 292.93 (-15.23%) from December 26 [1]. - Shanghai Gold Exchange's gold T + D was at 1004.94 yuan/gram on December 29, down 3.86 (-0.38%) from December 26 [1]. - Shanghai Gold Exchange's silver T + D was at 18797 yuan/kilogram on December 29, up 328 (1.78%) from December 26 [1]. - Shanghai Gold Exchange's platinum 9995 was at 637 yuan/gram on December 29, down 25 (-3.78%) from December 26 [1]. Basis - Gold TD - Shanghai gold主力: The current basis is -2.24, up 5.26 from the previous value, and the 1 - year historical quantile is 65.00% [1]. - Silver TD - Shanghai silver主力: The current basis is 595, up 442 from the previous value, and the 1 - year historical quantile is 99.50% [1]. - London gold - COMEX gold: The current basis is -18.24, up 11.25 from the previous value, and the 1 - year historical quantile is 44.20% [1]. - London silver - COMEX silver: The current basis is 0.49, up 0.83 from the previous value, and the 1 - year historical quantile is 96.60% [1]. Price Ratios - COMEX gold/silver ratio is 60.72, up 3.41 (6.05%) from the previous value [1]. - Shanghai Futures Exchange gold/silver ratio is 55.32, down 0.15 (-0.28%) from the previous value [1]. - NYMEX platinum/palladium ratio is 1.26, up 0.04 (3.40%) from the previous value [1]. - Guangzhou Futures Exchange platinum/palladium ratio is 1.28, down 0.08 (-6.14%) from the previous value [1]. Interest Rates and Exchange Rates - 10 - year US Treasury yield is 4.12%, down 0.02 (-0.5%) from the previous value [1]. - 2 - year US Treasury yield is 3.45%, down 0.01 (-0.3%) from the previous value [1]. - 10 - year TIPS Treasury yield is 1.90%, down 0.01 (-0.5%) from the previous value [1]. - US dollar index is 98.00, down 0.04 (-0.04%) from the previous value [1]. - Offshore RMB exchange rate is 6.9980, down 0.0062 (-0.09%) from the previous value [1]. Inventory and Positions - Shanghai Futures Exchange gold inventory is 97704, up 12 (0.01%) from the previous value [1]. - Shanghai Futures Exchange silver inventory is 796739 kilograms, down 22692 (-2.77%) from the previous value [1]. - COMEX gold inventory is 36223374, up 32119 (0.09%) from the previous value [1]. - COMEX silver inventory is 449127596, down 600134 (-0.13%) from the previous value [1]. - COMEX gold registered warrants are 19361515, unchanged from the previous value [1]. - COMEX silver registered warrants are 127624307, unchanged from the previous value [1]. - SPDR gold ETF position is 1072, up 0.86 (0.08%) from the previous value []. - SLV silver ETF position is 16306, down 84.60 (-0.52%) from the previous value [1].
全品种价差日报-20251230
Guang Fa Qi Huo· 2025-12-30 03:12
知识图强,求实奉献,客户至上,合作共赢 | -0.85% | 50.50% | 5676 | -48 | 折算价:72硅铁合格块:内蒙-天津仓单 | 硅铁 (SF603) | 5628 | -2 | -0.03% | 折算价:6517硅锰:内蒙-湖北仓单 | 5862 | 24.60% | 硅罐 (SM603) | 5860 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 5.43% | 螺纹钢(RB2605) | 170 | HRB40020mm: 上海 | 3300 | 3130 | 67.20% | -7 | -0.21% | 3280 | 3287 | 15.30% | Q235B: 4.75mm: 上海 | 热卷(HC2605) | | | | | | રા | 折算价:62.5%巴混粉(BRBF):淡水河谷:日照港 | 7.69% | 797 | 48.00% | 铁矿石 (12605) | 858 | ...
原木期货日报-20251230
Guang Fa Qi Huo· 2025-12-30 03:08
Group 1: Report Investment Rating - Not available Group 2: Core Viewpoints - The fundamentals of the 03 contract have marginally improved, but the weak demand persists, limiting the overall upside potential. The market is expected to trade in a range [3]. Group 3: Summary by Relevant Catalogs Futures and Spot Prices - On December 29th, the prices of futures contracts such as Log 2601, Log 2603, and Log 2605 decreased compared to December 26th, with declines of -0.72%, -0.06%, and -0.25% respectively. The prices of various spot timbers at ports remained unchanged [2]. - The 01 - 03 spread decreased by 5.0, and the 01 - 05 spread decreased by 3.5. The 03 contract basis increased by 0.5, and the 01 contract basis increased by 5.5 [2]. - The foreign - market quotes for radiata pine 4 - meter medium A and spruce 11.8 - meter remained unchanged from December 26th to January 2nd [2]. Cost: Import Cost Calculation - On December 29th, the RMB - US dollar exchange rate was 7.008, up 0.01 from December 28th. The import theoretical cost, calculated with a 15% over - length allowance, was 772.52 yuan, up 0.61 yuan [2]. Supply: Monthly - In November, the port freight volume was 189.2 million cubic meters, a decrease of 12.1 million cubic meters (-6.01%) from October. The number of departing ships decreased by 5.0 (-9.26%) [2]. Inventory: Main Port Inventory (Weekly) - As of December 26th, the total domestic coniferous log inventory was 2.54 million cubic meters, a decrease of 60,000 cubic meters (-2.31%) from December 19th. Inventory in different regions showed varying degrees of change [2][3]. Demand: Average Daily Outbound Volume - As of December 26th, the average daily outbound volume of logs was 58,300 cubic meters, a decrease of 4,900 cubic meters (-8%) from December 19th. Outbound volumes in different regions also decreased to varying degrees [2][3]. Forecast of Arriving Ships - From December 29th, 2025, to January 5th, 2026, 15 New Zealand coniferous log ships are expected to arrive at 13 Chinese ports, an increase of 6 ships (67% week - on - week). The total arriving volume is expected to be 510,500 cubic meters, an increase of 204,500 cubic meters (66.8% week - on - week) [3].
《金融》日报-20251230
Guang Fa Qi Huo· 2025-12-30 02:51
Report Industry Investment Rating No relevant content provided. Core Views - For gold prices, short - term, due to rapid capital outflows, the market needs time to repair, and it is recommended to wait and see. The market may focus on US economic data and Fed policies. Long - term, the US macro - economic fundamentals and monetary policy expectations are favorable, and physical demand is strong with potentially tight inventory. After the CME and other exchanges increase margin requirements, the "irrational" price increase may end, and attention should be paid to the possible callback caused by the global commodity index rebalancing. Before the New Year's Day, it is recommended to close or lock positions and wait for the silver price's long - term bullish allocation window [3]. - For platinum and palladium, in the medium - to long - term, they are expected to continue to oscillate upward as they are undervalued relative to gold and driven by capital. In the short - term, the domestic market has relatively low liquidity at the initial stage of listing, and there is a risk of price fluctuations due to possible profit - taking by long - positions, so it is recommended to wait for the situation to stabilize after the New Year [3]. Summary by Related Catalogs 1. Stock Index Futures Spread Daily Report - **Price Difference Data**: Includes information on the current price difference, historical quantile, and changes compared to the previous day for various stock index futures such as F, H, IC, IM, etc., covering different periods like month - to - month, season - to - season, and long - term to short - term. Also provides cross - variety ratio data such as CSI 500/CSI 300, CSI 500/SSE 50, etc. [1] 2. Bond Futures Spread Daily Report - **Price Difference Data**: Presents the basis, cross - period spread, and cross - variety spread data for bond futures including TS, TF, T, TL on December 29, 2025, along with the IRR and the percentile since the contract's listing [2]. 3. Precious Metals Spot - Futures Daily Report - **Price Data**: Domestic and foreign futures closing prices, spot prices for gold, silver, platinum, and palladium on different dates are provided, including the price changes and percentage changes. Also includes basis, ratio, interest rate, exchange rate, inventory, and position data [3]. 4. Container Shipping Industry Spot - Futures Daily Report - **Index Data**: Settlement price indices for SCFIS (European and US West routes) and Shanghai Export Container Freight Index (SCFI) and their changes are presented. - **Futures and Basis Data**: Futures prices and basis data for different contracts of EC are provided, along with their price changes and percentage changes [5]. - **Fundamental Data**: Data on global container shipping capacity supply, port - related indicators in Shanghai, monthly export amounts, overseas economic indicators such as PMI and consumer confidence index, and OECD composite leading indicators are included [5].
股指期货持仓日度跟踪-20251230
Guang Fa Qi Huo· 2025-12-30 02:50
Report Summary 1. Report's Industry Investment Rating - Not provided in the given content. 2. Core View of the Report - On December 29, 2025, the total positions of IF, IH, IC, and IM in stock index futures all decreased significantly, with major changes in the positions of the top 20 seats [1][5][11][16][23]. 3. Summary by Relevant Catalogs IF (CSI 300 Index Futures) - **Total Position and Main Contract Position Changes**: The total position of the IF variety decreased by 12,050 lots on December 29, and the position of the main contract 2603 decreased by 8,066 lots [5]. - **Top 20 Long - Position Seats**: Among the top 20 long - position seats, CITIC Construction Investment Futures increased the most by 1,028 lots, while CITIC Futures decreased the most by 2,900 lots. Guotai Junan Futures ranked first with a total position of 47,312 lots [6]. - **Top 20 Short - Position Seats**: Among the top 20 short - position seats, CITIC Futures ranked first with a total position of 37,621 lots. CITIC Futures had the most significant increase of 3,478 lots and the most significant decrease of 3,016 lots on the same day [8]. IH (SSE 50 Index Futures) - **Total Position and Main Contract Position Changes**: The total position of the IH variety decreased by 5,602 lots, and the position of the main contract 2603 decreased by 2,558 lots on December 29 [11]. - **Top 20 Long - Position Seats**: Among the top 20 long - position seats, CICC Wealth increased the most by 183 lots, while Guotai Junan Futures decreased the most by 1,282 lots. CITIC Futures ranked first with a total position of 11,173 lots [11]. - **Top 20 Short - Position Seats**: Among the top 20 short - position seats, CICC Futures increased the most by 184 lots, while Guotai Junan Futures decreased the most by 1,276 lots. CITIC Futures ranked first with a total position of 13,363 lots [12]. IC (CSI 500 Index Futures) - **Total Position and Main Contract Position Changes**: The total position of the IC variety decreased by 17,385 lots, and the position of the main contract 2603 decreased by 10,791 lots on December 29 [16]. - **Top 20 Long - Position Seats**: Among the top 20 long - position seats, Everbright Futures increased the most by 229 lots, while CITIC Futures decreased the most by 4,388 lots. Guotai Junan Futures ranked first with a total position of 43,392 lots [17]. - **Top 20 Short - Position Seats**: Among the top 20 short - position seats, UBS Futures increased the most by 451 lots, while CITIC Futures decreased the most by 4,861 lots. CITIC Futures ranked first with a total position of 45,113 lots [19]. IM (CSI 1000 Index Futures) - **Total Position and Main Contract Position Changes**: The total position of the IM variety decreased by 19,963 lots, and the position of the main contract 2603 decreased by 12,285 lots on December 29 [23]. - **Top 20 Long - Position Seats**: Among the top 20 long - position seats, Zheshang Futures increased the most by 509 lots, while Guotai Junan Futures decreased the most by 5,494 lots. Guotai Junan Futures ranked first with a total position of 55,898 lots [24]. - **Top 20 Short - Position Seats**: Among the top 20 short - position seats, UBS Futures increased the most by 388 lots, while Guotai Junan Futures decreased the most by 4,823 lots. CITIC Futures ranked first with a total position of 73,554 lots [26].
《能源化工》日报-20251230
Guang Fa Qi Huo· 2025-12-30 02:46
| 纯苯-苯乙烯日报 投资咨询业务资格:证监许可 [2011] 1292号 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 2025年12月30日 | | | | | 张晓珍 | Z0003135 | | 上游价格及价差 | | | | | | | | 品种 12月29日 12月26日 1.30 | | | | 涨跌 | 涨跌幅 | 单位 | | 布伦特原油(2月) 61.94 60.64 WTI原油(2月) 58.08 56.74 1.34 | | | | | 2.1% 2.4% | 美元/桶 | | CFR日本石脑油 535 542 -7 CFR东北亚乙烯 745 745 0 | | | | | -1.3% 0.0% | | | CFR中国纪本 672 675 -3 | | | | | -0.4% | 美元/吨 | | 纯苯-石脑油 137 133 4 | | | | | 3.0% | | | 巴图中·蒙刀 210 203 7 | | | | | 3.4% | | | 5300 5300 0 纯本(中石化华东挂牌价) | | | | ...