鸡蛋产业日报 2026-02-12 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为 瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货收盘价(活跃合约):鸡蛋(日,元/500千 | 3200 | 277 期货前20名持仓:净买单量:鸡蛋(日,手) | -15130 | -3624 | | 克) | 鸡蛋期货月间价差(5-9):(日,元/500千克) | -405 | 17 期货持仓量(活跃合约):鸡蛋(日,手) | 182400 | 76167 | | | 注册仓单量:鸡蛋(日,手) | 0 | 0 | | | | 现 ...

热轧卷板产业链日报 2026/2/12 研究员: 蔡跃辉 期货从业资格号F0251444 期货投资咨询从业证书号Z0013101 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任何保证，据此投资，责任 自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本报告版权仅为我公司所有，未经书面许可，任 何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引 用、删节和修改。 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | HC 主力合约收盘价(元/吨) | 3,218 | -10↓ HC 主力合约持仓量(手) | 1533692 | -18682↓ | | | HC 合约前20名净持仓(手) | 45,646 | +3981↑ HC5-10合约价差(元/吨) | -19 | 0.00 | | | HC 上期所仓单日报 ...

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints - Oil - based LLDPE cost increased by 2.46% to 7,551 yuan/ton, and the oil - based profit decreased by 133 yuan/ton to - 695 yuan/ton; coal - based LLDPE cost increased by 0.26% to 6,512 yuan/ton, and the coal - based profit decreased by 51 yuan/ton to 314 yuan/ton [2] - As downstream enterprises gradually took holidays and stopped work, the decline in the downstream operating rate of PE widened this week, with the operating rates of agricultural film and packaging film both maintaining a downward trend [2] - Factory and social inventories entered the Spring Festival inventory accumulation stage, and the inventory pressure was not large [2] - Concerns about the US - Iran situation in the market offset the negative impact of the unexpected increase in EIA inventory, and international oil prices closed slightly higher yesterday [2] - As the Spring Festival holiday approached, the spot trading atmosphere of PE weakened, and the futures trading volume shrank. Attention should be paid to the scale of inventory accumulation during the Spring Festival and the inventory removal rhythm after the festival. The daily K - line of L2605 should focus on the support around 6,680 and the pressure around 6,830 [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the futures main contract of polyethylene was 6,734 yuan/ton, a decrease of 53 yuan; the closing price of the January contract was 6,800 yuan/ton, a decrease of 54 yuan; the closing price of the May contract was 6,734 yuan/ton, a decrease of 53 yuan; the closing price of the September contract was 6,781 yuan/ton, a decrease of 55 yuan [2] - The trading volume was 258,012 lots, a decrease of 20,327 lots; the open interest was 501,315 lots, a decrease of 2,602 lots [2] - The 1 - 5 spread was 66, a decrease of 1; the 5 - 9 spread was - 47, an increase of 2; the 9 - 1 spread was - 19, a decrease of 1 [2] - The buy order volume of the top 20 futures positions of polyethylene was 518,077 lots, a decrease of 103 lots; the sell order volume was 548,892 lots, an increase of 1,592 lots; the net buy order volume was - 30,815 lots, a decrease of 1,695 lots [2] 3.2 Spot Market - The average price of LLDPE (7042) in North China was 6,663.91 yuan/ton, a decrease of 0.43 yuan; the average price in East China was 6,750.47 yuan/ton, a decrease of 20.93 yuan [2] - The basis was - 70.09, an increase of 52.56 [2] 3.3 Upstream Situation - The FOB intermediate price of naphtha in the Singapore region was 66.97 US dollars/barrel, an increase of 0.89 US dollars; the CFR intermediate price of naphtha in the Japanese region was 617.13 US dollars/ton, an increase of 4.75 US dollars [2] - The CFR intermediate price of ethylene in Southeast Asia was 676 US dollars/ton, unchanged; the CFR intermediate price of ethylene in Northeast Asia was 696 US dollars/ton, unchanged [2] 3.4 Industry Situation - The operating rate of PE in petrochemical plants nationwide was 85.91%, an increase of 0.56 percentage points [2] 3.5 Downstream Situation - The operating rate of polyethylene (PE) packaging film was 38.82%, a decrease of 3.25 percentage points; the operating rate of polyethylene (PE) pipes was 23.67%, a decrease of 4.16 percentage points; the operating rate of polyethylene (PE) agricultural film was 30.18%, a decrease of 4.38 percentage points [2] 3.6 Option Market - The 20 - day historical volatility of polyethylene was 17.68%, an increase of 0.13 percentage points; the 40 - day historical volatility was 17.02%, an increase of 0.13 percentage points [2] - The implied volatility of at - the - money put options of polyethylene was 15.16%, a decrease of 0.72 percentage points; the implied volatility of at - the - money call options was 15.16%, a decrease of 0.72 percentage points [2] 3.7 Industry News - From February 6th to 12th, the total polyethylene output in China was 723,900 tons, a 1.61% increase from last week [2] - From January 30th to February 5th, the average operating rate of downstream polyethylene products in China decreased by 4.0% compared with the previous period. Among them, the overall operating rate of agricultural film decreased by 4.4% compared with the previous period, and the operating rate of PE packaging film decreased by 3.3% compared with the previous period [2] - As of February 4th, the inventory of PE production enterprises was 379,700 tons, a 17.55% increase from last week; as of February 6th, the social inventory of PE was 507,800 tons, a 4.70% increase from last week [2] - From January 31st to February 6th, L2605 fluctuated weakly and finally closed at 6,734 yuan/ton. This week, the plants of Shanghai Petrochemical and Qilu Petrochemical stopped production, but the impact days were limited. Plants such as Guangdong Petrochemical and Dushanzi Petrochemical restarted, and the PE output increased month - on - month [2]

1. Report Industry Investment Rating - No information provided 2. Core Viewpoints - In the short - term, the domestic pure benzene supply - demand is expected to remain in a relatively balanced state. In the medium - to - long - term, as the number of spring maintenance units of petroleum benzene increases in the second quarter and the downstream caprolactam enters the peak season, there is a certain support for the domestic pure benzene price. Technically, the daily K - line of BZ2603 should focus on the support around 6000 and the resistance around 6260 [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the main contract of pure benzene is 6071 yuan/ton, a decrease of 53 yuan; the settlement price is 6118 yuan/ton, an increase of 38 yuan. The trading volume of the main contract is 12797 lots, an increase of 415 lots; the open interest is 16541 lots, a decrease of 2310 lots [2] 3.2 Spot Market - The mainstream price of pure benzene in the East China market is 6060 yuan/ton, unchanged; in the North China market, it is 6060 yuan/ton, unchanged; in the South China market, it is 6150 yuan/ton, unchanged; in the Northeast region, it is 6075 yuan/ton, an increase of 15 yuan. The mainstream price of hydrogenated benzene in Jiangsu and Shanxi regions is unchanged. The FOB mid - price of pure benzene in South Korea is 777 US dollars/ton, an increase of 13 US dollars; the CFR mid - price of pure benzene in China is 778.02 US dollars/ton, an increase of 12.13 US dollars [2] 3.3 Upstream Situation - The spot price of Brent DTD crude oil is 73.12 US dollars/barrel, an increase of 0.69 US dollars; the CFR mid - price of naphtha in the Japanese region is 617.13 US dollars/ton, an increase of 4.75 US dollars [2] 3.4 Industry Situation - The capacity utilization rate of pure benzene is 75.4%, an increase of 2.4 percentage points; the weekly output is 44.31 tons, an increase of 1.41 tons. The port inventory of pure benzene is 30.5 tons, unchanged. The production cost is 5331.4 yuan/ton, an increase of 185.4 yuan; the production profit is 647 yuan/ton, an increase of 114 yuan [2] 3.5 Downstream Situation - The开工率 of styrene is 69.96%, an increase of 0.68 percentage points; the capacity utilization rate of caprolactam is 73.16%, a decrease of 0.41 percentage points; the capacity utilization rate of phenol is 86%, a decrease of 2.29 percentage points; the capacity utilization rate of aniline is 89.04%, an increase of 0.51 percentage points; the capacity utilization rate of adipic acid is 69.1%, an increase of 0.6 percentage points [2] 3.6 Industry News - From January 30th to February 5th, the operating rate of petroleum benzene increased by 2.40% to 75.40% year - on - year, and the operating rate of hydrogenated benzene increased by 0.21% to 56.47% year - on - year. From January 31st to February 6th, the weighted operating rate of pure benzene downstream increased by 0.02% to 74.95% year - on - year. As of February 9th, the port inventory of pure benzene in East China was 29.7 tons, an increase of 0.34% compared with last week. From January 30th to February 5th, the profit of domestic petroleum benzene increased by 114 yuan/ton to 647 yuan/ton [2]

锰硅硅铁产业日报 2026/2/11 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | SM主力合约收盘价（日，元/吨） | 5,824.00 | +6.00↑ SF主力合约收盘价（日，元/吨） | 5,576.00 | -4.00↓ | | | SM期货合约持仓量（日，手） | 565,620.00 | -16119.00↓ SF期货合约持仓量（日，手） | 344,953.00 | -21240.00↓ | | | 锰硅前20名净持仓（日，手） | -27,363.00 | +10234.00↑ 硅铁前20名净持仓（日，手） | -17,823.00 | +1107.00↑ | | | SM5-3月合约价差（日，元/吨） | 38.00 | -2.00↓ SF4-3月合约价差（日，元/吨） | -14.00 | +4.00↑ | | | SM 仓单（日，张） | 39,700.00 | +300.00↑ SF 仓单（日，张） | 8,184.00 | 0.00 | | | 贵州锰硅 ...

股指期货全景日报 2026/2/11 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | | IF主力合约（2603） IH主力合约（2603） | 4714.8 3091.4 | -5.8↓ IF次主力合约（2602） +2.6↑ IH次主力合约（2602） | 4716.2 3091.6 | -7.8↓ +3.8↑ | | | IC主力合约（2603） | 8336.4 | +36.0↑ IC次主力合约（2602） | 8342.4 | +28.4↑ | | | IM主力合约（2603） | 8241.0 | +1.2↑ IM次主力合约（2602） | 8260.2 | -1.4↓ | | 期货盘面 | IF-IH当月合约价差 | 1624.6 | -10.8↓ IC-IF当月合约价差 | 3626.2 | +45.4↑ | | | IM-IC当月合约价差 | -82.2 | -27.8↓ IC-IH当月合约价差 | 5250.8 | +34.6↑ | | | IM-IF当月合约价差 | 3544 ...

塑料产业日报 2026-02-11 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:聚乙烯(日,元/吨) | 6787 | 12 1月合约收盘价:聚乙烯(日,元/吨) | 6854 | 15 | | | 5月合约收盘价:聚乙烯(日,元/吨) | 6787 | 12 9月合约收盘价:聚乙烯(日,元/吨) | 6836 | 10 | | | 成交量(日,手) | 278339 | -3921 持仓量(日,手) | 503917 | -8697 | | | 1-5价差 | 67 | 3 5-9价差 | -49 | 2 | | | 9-1价差 | -18 | -5 期货前20名持仓:买单量:聚乙烯(日,手) | 518180 | -7780 | | | 期货前20名持仓:卖单量:聚乙烯(日,手) | 547300 | -4043 期货前20名持仓:净买单量:聚乙烯(日,手) | -29120 | -3737 | | 现货市场 | LLDPE(7042)均价:华北(日,元/ ...

1. Report Industry Investment Rating - Not provided in the content 2. Core View of the Report - Due to active replenishment by non-aluminum downstream last week, liquid caustic soda plant inventories were seasonally reduced, but inventory pressure remains high. Shandong chlor-alkali profits decreased month-on-month and entered a state of theoretical loss. Currently, there are still few maintenance plans for chlor-alkali plants, and there is no signal of production reduction in the industry, so the high operating rate is expected to continue in the short term. In February, some alumina enterprises will undergo maintenance due to factors such as environmental protection and flexible production, and the consumption of the alumina industry is expected to decline marginally. As the Spring Festival approaches, some non-aluminum downstream enterprises will gradually take holidays and stop work, leading to a seasonal decline in non-aluminum demand for caustic soda. Today, the price of liquid chlorine in Shandong turned negative, deepening the theoretical loss of Shandong chlor-alkali, and strengthening the cost support for caustic soda. With the game between weak supply and demand and cost support, caustic soda is expected to fluctuate in the short term. The daily range of SH2603 is expected to be around 1900 - 2000, and the daily range of SH2605 is expected to be around 2120 - 2200 [3] 3. Summary by Relevant Catalog Futures Market - The closing price of the main caustic soda contract was 1954 yuan/ton, a decrease of 9 yuan; the trading volume was 260,268 lots, a decrease of 187,719 lots; the open interest was 112,328 lots, a decrease of 20,346 lots; the net position of the top 20 futures contracts was -17,061 lots, a decrease of 9 lots. The closing price of the January caustic soda contract was 2385 yuan/ton, a decrease of 19 yuan; the closing price of the May contract was 2152 yuan/ton, a decrease of 11 yuan [3] Spot Market - The price of 32% ion-exchange membrane caustic soda in Shandong was 590 yuan/ton, an increase of 2 yuan, and the converted 100% caustic soda price was 1844 yuan/ton, an increase of 6 yuan. The price in Jiangsu was 720 yuan/ton, unchanged. The basis of caustic soda was -110 yuan/ton, an increase of 15 yuan [3] Upstream Situation - The mainstream price of raw salt in Shandong was 237.5 yuan/ton, unchanged; in the Northwest, it was 220 yuan/ton, unchanged. The price of steam coal was 643 yuan/ton, unchanged [3] Industry Situation - The mainstream price of liquid chlorine in Shandong was -50 yuan/ton, a decrease of 100 yuan; in Jiangsu, it was 100 yuan/ton, a decrease of 100 yuan [3] Downstream Situation - The spot price of viscose staple fiber was 12,800 yuan/ton, unchanged; the spot price of alumina was 2555 yuan/ton, unchanged [3] Industry News - From January 30 to February 5, the average capacity utilization rate of Chinese caustic soda sample enterprises with a capacity of 100,000 tons and above was 87.8%, a month-on-month increase of 0.1%. From January 31 to February 6, the alumina operating rate decreased by 0.71% month-on-month to 84.06%. From January 30 to February 5, the viscose staple fiber operating rate remained stable at 88.43% month-on-month, and the printing and dyeing operating rate decreased by 22.74% month-on-month to 27.91%. As of February 5, SH2603 fluctuated strongly and closed at 1954 yuan/ton. Last week, the operating loads of plants in Central and South China increased, while those in North, East, and Southwest China decreased slightly, and the average operating rate of caustic soda in the whole country changed little. Affected by the maintenance of some domestic alumina plants, the alumina operating rate decreased slightly. The inventory of fixed liquid caustic soda sample enterprises with a capacity of 200,000 tons and above in the whole country was 471,400 wet tons, a month-on-month decrease of 9.41% and a year-on-year increase of 2.97%. From January 30 to February 5, the profit of Shandong chlor-alkali was -3 yuan/ton, a month-on-month decrease of 121 yuan/ton [3]

Report Industry Investment Rating - Not provided Core Viewpoints - BZ2603 rose 1.61% to close at 6,124 yuan/ton. Last week, the operating rates of petroleum benzene and hydrogenated benzene increased month-on-month, leading to an increase in domestic pure benzene production. The operating rates of downstream styrene, aniline, and adipic acid increased slightly, while those of caprolactam and phenol decreased to varying degrees. The weighted operating rate of pure benzene downstream changed little month-on-month. Affected by delayed resource arrivals at ports, the inventory at East China ports decreased month-on-month last week, but the inventory pressure remained high. The profit of petroleum benzene increased month-on-month, and the profit level was acceptable. This week, some units of Sinochem Quanzhou and Zhejiang Petrochemical will restart, and the capacity utilization rate of petroleum benzene is expected to continue to rise. The restarted 900,000-ton styrene unit is equivalent to less than the restarted capacity of pure benzene; although some caprolactam units will restart, the overall operating level is still under the negative pressure of the PA6-polyamide industry chain; the operating loads of phenol and aniline are expected to change little. Overall, the supply-demand balance of domestic pure benzene is expected to remain loose. In terms of cost, the market is waiting for the second round of negotiations between the US and Iran. The weekly API crude oil inventory increased month-on-month, and the prices of WTI and Brent crude oil fluctuated slightly yesterday. In the short term, BZ2603 is expected to fluctuate with oil prices, and the daily K-line should pay attention to the support around 6,000 and the resistance around 6,260 [2] Summary by Relevant Catalogs Futures Market - The closing price of the main pure benzene contract was 6,124 yuan/ton, up 53 yuan from the previous day; the settlement price was 6,080 yuan/ton, and the trading volume was 12,382 lots, down 9,350 lots from the previous day; the open interest was 18,851 lots [2] Spot Market - The mainstream price of pure benzene in the East China market was 6,225 yuan/ton, up 175 yuan from the previous day; in the North China market, it was 6,035 yuan/ton, down 60 yuan; in the South China market, it was 6,150 yuan/ton, down 6 yuan; in the Northeast region, it was 6,060 yuan/ton. The FOB mid-price of pure benzene in South Korea was 764 US dollars/ton, and the CFR mid-price of pure benzene in China was 765.89 US dollars/ton, up 1.97 US dollars [2] Upstream Situation - The CFR mid-price of naphtha in the Japanese region was 72.43 US dollars/ton, and the spot price of Brent DTD crude oil was 612.38 US dollars/barrel, up 14.5 US dollars [2] Industry Situation - The capacity utilization rate of pure benzene was 75.4%, up 2.4 percentage points from the previous week; the weekly output was 44.31 tons, up 1.41 tons; the port inventory was 30.5 tons; the production cost was 5,331.4 yuan/ton, up 185.4 yuan; the production profit was 647 yuan/ton, up 114 yuan [2] Downstream Situation - The operating rate of styrene was 69.96%, up 0.68 percentage points from the previous week; the capacity utilization rate of caprolactam was 73.16%, down 0.41 percentage points; the capacity utilization rate of phenol was 86%, down 2.29 percentage points; the capacity utilization rate of aniline was 89.04%, up 0.51 percentage points; the capacity utilization rate of adipic acid was 69.1%, up 0.6 percentage points [2] Industry News - From January 30th to February 5th, the operating rate of petroleum benzene increased by 2.40% month-on-month to 75.40%, and the operating rate of hydrogenated benzene increased by 0.21% month-on-month to 56.47%. From January 31st to February 6th, the weighted operating rate of pure benzene downstream increased by 0.02% month-on-month to 74.95%. As of February 9th, the inventory of pure benzene in East China ports was 29.7 tons, up 0.34% from the previous week. From January 30th to February 5th, the profit of domestic petroleum benzene increased by 114 yuan/ton month-on-month to 647 yuan/ton [2]

焦煤焦炭产业日报 2026/2/11 免责声明 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | | JM主力合约收盘价（日，元/吨） | 1123.50 | +4.50↑ J主力合约收盘价（日，元/吨） | 1667.00 | +2.00↑ | | 期货市场 | JM期货合约持仓量（日，手） | 642057.00 | -18244.00↓ J期货合约持仓量（日，手） | 40196.00 | +956.00↑ | | | 焦煤前20名合约净持仓（日，手） | -91205.00 | +4710.00↑ 焦炭前20名合约净持仓（日，手） | -350.00 | -141.00↓ | | | JM9-5月合约价差（日，元/吨） | 80.00 | +2.50↑ J9-5月合约价差（日，元/吨） | 75.00 | +0.50↑ | | | 焦煤仓单（日，张） | 1700.00 | +1000.00↑ 焦炭仓单（日，张） | 1380.00 | 0.00 | | | 干其毛都蒙5原煤（日，元/吨） ...