Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - The global sugar market in the 2025/26 season is expected to have a surplus of 1.63 million tons due to increased production [2]. - In the domestic market, the predicted sugar production in China for the 2025/26 season is 11.7 million tons, 500,000 tons higher than last month's forecast, mainly due to a slight increase in the national sugar - cane planting area, good growth of southern sugar - cane, and a slight increase in the sugar content of northern sugar - beets [2]. - Currently, 26 sugar mills in Inner Mongolia and Xinjiang have all started production, with an expected total output of 1.4 million tons. Five sugar mills in Yunnan and nine in Guangxi have started production, with 17 fewer in Guangxi compared to the same period last year. Recent continuous rainfall in the production areas has delayed the start - up time [2]. - Sugar imports increased significantly in October, and sugar prices are expected to remain low in the short term [2]. 3. Summary by Relevant Catalogs Futures Market - The closing price of the main sugar futures contract was 5,381 yuan/ton, down 26 yuan; the main contract's open interest was 388,009 lots, up 24,796 lots; the number of sugar warehouse receipts was 8,428, down 183; the net long position of the top 20 futures holders was - 55,431 lots; the total effective warehouse receipt forecast was 183, unchanged [2]. - The estimated import - processing price of Brazilian sugar within the quota was 4,060 yuan/ton, down 30 yuan; that of Thai sugar was 4,147 yuan/ton, down 39 yuan [2]. Spot Market - The estimated import price of Brazilian sugar outside the quota (50% tariff) was 5,143 yuan/ton; that of Thai sugar was 5,257 yuan/ton [2]. - The spot price of sugar in Kunming, Yunnan was 5,600 yuan/ton, unchanged; in Nanning, Guangxi was 5,740 yuan/ton, unchanged; in Liuzhou, Guangxi was 5,730 yuan/ton, unchanged [2]. Upstream Situation - The national sugar - cane planting area was 1,480 thousand hectares, an increase of 60 thousand hectares; the planting area of sugar - cane in Guangxi was 835.09 thousand hectares, a decrease of 12.86 thousand hectares [2]. Industry Situation - The cumulative output of cane sugar in Yunnan was 241.88 million tons, an increase of 5.49 million tons; the cumulative sales volume of cane sugar in Guangxi was 602.29 million tons, an increase of 95.92 million tons; the total sugar exports from Brazil were 420.5 million tons, an increase of 26.66 million tons [2]. - The price difference between imported Brazilian sugar and the current price of Liuzhou sugar within the quota was 1,428 yuan/ton, down 29 yuan; that of Thai sugar was 1,341 yuan/ton, down 29 yuan [2]. - The price difference between imported Brazilian sugar and the current price of Liuzhou sugar outside the quota (50% tariff) was 345 yuan/ton, down 20 yuan; that of Thai sugar was 231 yuan/ton, down 20 yuan [2]. - The monthly sugar import volume was 55 million tons, a decrease of 28 million tons; the cumulative import volume was 316 million tons, an increase of 55 million tons [2]. Downstream Situation - The monthly output of refined sugar was 53.91 million tons, an increase of 8.5 million tons; the monthly output of soft drinks was 1,591.7 million tons, a decrease of 184.1 million tons [2]. Option Market - The implied volatility of at - the - money call options for sugar was 6.43%, down 0.75%; that of at - the - money put options was 6.42%, down 0.77% [2]. - The 20 - day historical volatility of sugar was 7.2%, an increase of 0.83%; the 60 - day historical volatility was 6.98%, an increase of 0.22% [2]. Industry News - In October 2025, China's sugar imports were 750,000 tons, a month - on - month increase of 200,000 tons and a year - on - year increase of 39%; from January to October 2025, the cumulative sugar imports were 3.9 million tons, a year - on - year increase of 480,000 tons or 14% [2]. - The most actively traded March raw sugar futures on the Intercontinental Exchange (ICE) fell 0.10 cents, or 0.7%, to settle at 14.70 cents per pound on Tuesday due to sufficient supply [2].

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints of the Report - **Alumina**: The alumina market may be in a stage where supply is slightly converging and demand is generally stable. The current oversupply situation may improve with production control. It is recommended to conduct light - position oscillatory trading and pay attention to controlling the rhythm and trading risks [2] - **Electrolytic Aluminum**: The electrolytic aluminum market is in a stage of temporary supply - demand stability with a small accumulation of social inventory. The options market sentiment is bullish, and the implied volatility has slightly decreased. It is advisable to conduct light - position oscillatory trading and control risks [2] - **Casting Aluminum Alloy**: The casting aluminum alloy market may be in a stage of converging supply and slightly decreasing demand. It is recommended to conduct light - position oscillatory trading and manage risks [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - **Prices and Spreads**: The closing price of the Shanghai aluminum main contract was 21,570 yuan/ton, up 105 yuan; the alumina futures main contract was 2,740 yuan/ton, down 40 yuan. The LME electrolytic aluminum three - month quote was 2,789.5 dollars/ton, down 16.5 dollars. The main - second - consecutive contract spreads of Shanghai aluminum and alumina changed by +5 yuan/ton and - 3 yuan/ton respectively. The main - second - consecutive contract spread of casting aluminum alloy was - 100 yuan/ton, down 45 yuan [2] - **Positions and Inventories**: The main contract positions of Shanghai aluminum decreased by 8,714 hands to 347,833 hands, while those of alumina increased by 21,114 hands to 426,124 hands. The LME aluminum inventory decreased by 2,125 tons to 548,075 tons, and the Shanghai aluminum SHFE inventory increased by 1,564 tons to 114,899 tons [2] 3.2 Spot Market - **Prices**: The Shanghai Non - ferrous Network A00 aluminum price was 21,550 yuan/ton, up 90 yuan; the Yangtze River Non - ferrous Market AOO aluminum price was 21,450 yuan/ton, up 110 yuan. The alumina spot price in Shanghai Non - ferrous was 2,775 yuan/ton, unchanged [2] - **Basis**: The basis of casting aluminum alloy was 635 yuan/ton, down 75 yuan; the basis of electrolytic aluminum was - 20 yuan/ton, down 15 yuan. The LME aluminum premium was - 35.81 dollars/ton, up 2.61 dollars; the basis of alumina was 35 yuan/ton, up 40 yuan [2] 3.3 Upstream Situation - **Production and Utilization**: The alumina production in the current month was 786.5 million tons, down 13.4 million tons; the capacity utilization rate was 86.96%, down 1.31 percentage points; the national alumina production start - up rate was 85.28%, down 0.70 percentage points [2] - **Supply and Demand**: The demand for alumina in the electrolytic aluminum part was 704.31 million tons, down 21.49 million tons; the supply - demand balance was 46.85 million tons, up 18.12 million tons [2] - **Import and Export**: The import volume of aluminum scrap and waste in China decreased by 17,195.97 tons to 155,414.4 tons, and the export volume increased by 15.31 tons to 68.54 tons. The export volume of alumina decreased by 7 million tons to 18 million tons, and the import volume decreased by 3.44 million tons to 6 million tons [2] 3.4 Industry Situation - **Production and Capacity**: The total production capacity of electrolytic aluminum remained unchanged at 4,523.2 million tons, the production of aluminum products was 569.4 million tons, down 20.6 million tons, and the production of recycled aluminum alloy ingots was 60.83 million tons, down 4.82 million tons [2] - **Supply and Demand Balance**: The WBMS aluminum supply - demand balance was - 10.54 million tons, up 1.45 million tons; the social inventory of electrolytic aluminum increased by 31,034.96 tons to 59.7 million tons [2] - **Import and Export**: The import volume of primary aluminum was 246,797.1 tons, and the export volume was 28,969.92 tons, up 3,365.58 tons. The export volume of unwrought aluminum and aluminum products was 50 million tons, down 2 million tons; the export volume of aluminum alloy was 2.35 million tons, down 0.56 million tons [2] 3.5 Downstream and Application - **Automobile Production**: The monthly automobile production was 3.279 million vehicles, up 52,500 vehicles [2] - **Real Estate Index**: The national real estate climate index was 92.43, down 0.34 [2] 3.6 Option Situation - **Volatility**: The 20 - day historical volatility of Shanghai aluminum was 11.87%, up 0.04 percentage points; the 40 - day historical volatility was 10.27%, up 0.03 percentage points. The implied volatility of the Shanghai aluminum main contract at - the - money was 10.95%, down 0.0021 percentage points [2] - **Put - Call Ratio**: The put - call ratio of Shanghai aluminum options was 1.37, up 0.0285 [2] 3.7 Industry News - **Employment Data**: The average weekly reduction of private - sector employment in the US was 2,500 people in the four weeks ending November 1st. The initial jobless claims in the US were 232,000 in the week ending October 18th, and the continuing jobless claims rose slightly to 1.957 million [2] - **International Trade**: Premier Li Qiang called on all parties to embrace free trade and reduce barriers at the SCO meeting [2] - **Automobile Export**: From January to September, China's automobile exports reached 4.95 million vehicles, 1.6 times that of Japan [2] - **Policy Support**: Beijing introduced a financial support plan to boost and expand consumption, focusing on new - energy vehicles and service - related industries [2] - **Unemployment Rate**: In October, the unemployment rate of the 16 - 24 age group in China was 17.3%, 25 - 29 age group was 7.2%, and 30 - 59 age group was 3.8% [2] - **EU Policy**: The EU plans to restrict the export of scrap aluminum in spring 2026 [2]

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core View of the Report - On Wednesday, the futures prices of the container shipping index (European line) declined collectively. The main contract EC2602 fell 2.66%, and the far - month contracts fell between 1 - 2%. The latest SCFIS European line settlement freight rate index dropped 147.13 points from last week, a 9.8% decline, leading to a drop in futures prices. The recovery of terminal transportation demand is not solid. Shipowners are more active in price support, but the implementation needs to be observed. The resumption of shipping in the Red Sea is postponed due to the unstable Middle - East situation. The German economy boosts market confidence, and if the German government's fiscal expansion policy has clear details, it will enhance investors' confidence in the medium - term growth of the eurozone. Currently, the freight rate market is affected by news, and futures prices are expected to fluctuate more. Investors are advised to be cautious and control risks [1]. 3. Summary by Relevant Catalogs Futures Market Data - EC main contract closing price: 1162.7, down 44.9; EC secondary main contract closing price: 1640.100, down 22.30. EC2602 - EC2606 spread: 258.10, EC2602 - EC2604 spread: 477.40, down 35.00. EC contract basis: - 282.43, up 38.00. EC main contract open interest: 40244, up 1384 [1]. Spot Market Data - SCFIS (European line) (weekly): 1357.67, down 147.13; SCFIS (US West line) (weekly): 1238.42, down 91.29. SCFI (composite index) (weekly): 1451.38, down 43.72; container ship capacity: 1227.97 (ten thousand TEUs), up 0.31. CCFI (composite index) (weekly): 1094.03, up 35.86; CCFI (European line) (weekly): 1403.64, up 36.79. Baltic Dry Index (daily): 2216.00, down 63.00; Panama - type freight index (daily): 1882.00, up 5.00. Average charter price of Panama - type ships: 17564.00, unchanged; average charter price of Cape - type ships: 30147.00, up 2377.00 [1]. Industry News - Chinese and Japanese diplomatic officials held consultations, and China was dissatisfied with the results. China called on Japan to correct its mistakes. Premier Li Qiang called for free trade and strengthened cooperation at the SCO meeting. The US modified patent invalidation application rules, and China will safeguard the legitimate rights of Chinese enterprises [1]. Key Data to Watch - November 20, 15:00: Germany's October PPI monthly rate. November 20, 21:30: US September unemployment rate, US September seasonally - adjusted non - farm payrolls (in ten thousand people), US initial jobless claims for the week ended November 15 (in ten thousand people). November 20, 23:00: Eurozone's November preliminary consumer confidence index [1].

1. Report Industry Investment Rating - No relevant information provided 2. Core View of the Report - A-share's Q3 reports showed good performance, supporting the market at the bottom However, multiple economic indicators in October weakened, indicating significant downward pressure on the economy and exerting pressure on the stock market After the disclosure of Q3 reports and with no major domestic meetings this month, the market has entered a vacuum period for macro data, performance, and policies Without clear trading guidance, the market is expected to move randomly, and stock index futures will remain volatile [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - **Contract Prices**: IF (2512) at 4565.2 (+22.2), IH (2512) at 3011.0 (+16.6), IC (2512) at 7054.8 (-1.6), IM (2512) at 7298.2 (-31.0); IF (2511) at 4583.4 (+23.4), IH (2511) at 3018.0 (+17.4), IC (2511) at 7116.6 (-15.6), IM (2511) at 7390.4 (-38.6) [2] - **Contract Spreads**: IF - IH spread at 1565.4 (-0.6), IC - IF spread at 2533.2 (-50.0), IM - IC spread at 273.8 (-19.0), IC - IH spread at 4098.6 (-50.6), IM - IF spread at 2807.0 (-69.0), IM - IH spread at 4372.4 (-69.6) [2] - **Quarter - Month Spreads**: IF: -51.2 (-4.6) (current quarter - current month), -94.4 (-1.6) (next quarter - current month); IH: -11.6 (-2.2) (current quarter - current month), -21.8 (-2.4) (next quarter - current month); IC: -241.2 (+14.6) (current quarter - current month), -452.6 (+10.2) (next quarter - current month); IM: -321.6 (+7.2) (current quarter - current month), -551.8 (+6.0) (next quarter - current month) [2] - **Net Positions of Top 20**: IF: -22242.00 (-2488.0), IH: -13615.00 (-598.0), IC: -24823.00 (+1777.0), IM: -34271.00 (+1773.0) [2] 3.2 Spot Market - **Index Prices**: CSI 300 at 4588.29 (+20.1), SSE 50 at 3020.4 (+17.3), CSI 500 at 7122.8 (-28.3), CSI 1000 at 7387.2 (-60.9) [2] - **Basis**: IF basis at -23.1 (-9.9), IH basis at -9.3 (-3.9), IC basis at -67.9 (+3.3), IM basis at -89.0 (+7.3) [2] 3.3 Market Sentiment - **Trading Volume**: A - share trading volume at 17426.66 billion yuan (-2032.93 billion) [2] - **Margin Trading and Short Selling Balance**: 25027.10 billion yuan (+23.76 billion) [2] - **North - bound Trading**: 2181.73 billion yuan (+51.72 billion) [2] - **Repo Operations**: -1955.0 billion yuan (maturity), +3105.0 billion yuan (operation) [2] - **Main Capital Flow**: -993.93 billion yuan (-513.07 billion) [2] - **Rising Stock Ratio**: 21.97% (-1.43%) [2] - **Shibor**: 1.420% (-0.105%) [2] - **Option Prices and Volatility**: IO call option (2511) at 13.80 (-5.00), 13.57% (-2.11%) (implied volatility); IO put option (2511) at 34.20 (-15.20), 13.57% (-2.01%) (implied volatility) [2] - **CSI 300 Volatility**: 14.36% (+0.05%) [2] - **Volume PCR and Position PCR**: 71.29% (+0.08%), 79.93% (+2.07%) [2] 3.4 Market Strength - Weakness Analysis - **All A - shares**: 3.30 (+0.10) [2] - **Technical Aspect**: 2.20 (-0.10) [2] - **Funding Aspect**: 4.50 (+0.50) [2] 3.5 Industry News - Beijing introduced a plan to support and expand consumption, increasing financial support for new - energy vehicle consumption and encouraging credit to service - related businesses [2] - A - share major indices mostly declined, with small and medium - cap stocks weaker than large - cap blue - chips The Shanghai Composite Index rose 0.18%, the Shenzhen Component Index was flat, and the ChiNext Index rose 0.25% Trading volume in the two markets dropped significantly Over 4100 stocks fell, with most industry sectors declining [2] - In October, China's economic indicators such as imports, exports, fixed - asset investment, retail sales, and industrial added - value weakened, and the real estate market continued to decline M1 growth slowed more than M2, ending the five - month upward trend of the M1 - M2 gap [2] - In Q3 reports, the net profit growth rates of CSI 300, SSE 50, and CSI 500 accelerated compared to the semi - annual reports, and the net profit decline of CSI 1000 narrowed [2] 3.6 Key Points to Watch - China's 1 - year and 5 - year LPR on November 20 at 9:00 [3] - US September non - farm payrolls, unemployment rate, and labor participation rate on November 20 at 21:30 [3]

碳酸锂产业日报 2025/11/19 数据来源第三方，观点仅供参考。市场有风险，投资需谨慎！ 研究员: 陈思嘉 期货从业资格号F03118799 期货投资咨询从业证书号Z0022803 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 达研究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 | | --- | --- | --- | --- | --- | --- | | | 主力合约收盘价（日，元/吨） | 99,300.00 | +5780.00↑ 前20名净持仓（日，手） | -177,098.00 | +429.00↑ | | 期货市场 | 主力合约持仓量（日，手） | 503,132.00 | +18775. ...

Report Summary 1. Report Industry Investment Rating No investment rating information is provided in the report. 2. Core View of the Report - On Wednesday, the HC2601 contract first rose and then fell. The EU announced import quotas on steel alloys containing manganese or silicon. The weekly output of hot - rolled coils continued to decline slightly, with the capacity utilization rate dropping to 80.13%. Downstream demand decreased slightly, and inventory increased slightly. Overall, steel mills in regions such as Beijing, Tianjin, and Hebei are under routine inspections, and the coal - coke futures prices are continuously weakening, resulting in a mixed market with prices fluctuating within a range. Technically, the 1 - hour MACD indicator of the HC2601 contract shows that DIFF and DEA are running above the 0 - axis. It is recommended for short - term trading with attention to risk control [2]. 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the HC main contract was 3,277 yuan/ton, a decrease of 9 yuan; the position volume was 1,196,921 lots, a decrease of 20,253 lots; the net position of the top 20 in the HC contract was - 80,073 lots, a decrease of 11,189 lots; the HC1 - 5 contract spread was - 4 yuan/ton, an increase of 5 yuan; the HC warehouse receipt at the Shanghai Futures Exchange was 150,567 tons, unchanged; the HC2601 - RB2601 contract spread was 207 yuan/ton, an increase of 11 yuan; the basis of the HC main contract was 43 yuan/ton, an increase of 9 yuan [2]. 3.2 Spot Market - The price of 4.75 hot - rolled coils in Hangzhou was 3,320 yuan/ton, unchanged; in Guangzhou, it was 3,300 yuan/ton, a decrease of 10 yuan; in Wuhan, it was 3,340 yuan/ton, unchanged; in Tianjin, it was 3,220 yuan/ton, an increase of 10 yuan. The spread between hot - rolled coils and rebar in Hangzhou was 70 yuan/ton, an increase of 20 yuan [2]. 3.3 Upstream Situation - The price of 61.5% PB iron ore fines at Qingdao Port was 797 yuan/wet ton, an increase of 10 yuan; the price of Hebei quasi - first - class metallurgical coke was 1,640 yuan/ton, unchanged; the price of 6 - 8mm scrap steel in Tangshan was 2,170 yuan/ton, unchanged; the price of Hebei Q235 billet was 2,970 yuan/ton, unchanged. The inventory of iron ore at 45 ports was 15,125.92 million tons, an increase of 231.11 million tons; the inventory of coke at sample coking plants was 36.03 million tons, a decrease of 0.12 million tons; the inventory of coke at sample steel mills was 622.15 million tons, a decrease of 4.41 million tons; the inventory of Hebei billets was 116.66 million tons, a decrease of 3.34 million tons [2]. 3.4 Industry Situation - The blast furnace operating rate of 247 steel mills was 82.79%, a decrease of 0.36 percentage points; the blast furnace capacity utilization rate was 88.82%, an increase of 1.03 percentage points. The weekly output of hot - rolled coils at sample steel mills was 313.66 million tons, a decrease of 4.50 million tons; the capacity utilization rate of hot - rolled coils at sample steel mills was 80.13%, a decrease of 1.15 percentage points. The factory inventory of hot - rolled coils at sample steel mills was 77.52 million tons, an increase of 0.09 million tons; the social inventory of hot - rolled coils in 33 cities was 333.00 million tons, a decrease of 0.02 million tons. The monthly output of domestic crude steel was 7,200 million tons, a decrease of 149 million tons; the monthly net export volume of steel was 928.00 million tons, a decrease of 64.00 million tons [2]. 3.5 Downstream Situation - The monthly output of automobiles was 3.3587 million vehicles, an increase of 0.0829 million vehicles; the monthly sales of automobiles were 3.3221 million vehicles, an increase of 0.0957 million vehicles. The monthly output of air conditioners was 14.204 million units, a decrease of 3.8908 million units; the monthly output of household refrigerators was 8.788 million units, a decrease of 1.3396 million units; the monthly output of household washing machines was 11.035 million units, a decrease of 0.7499 million units [2]. 3.6 Industry News - In October, China exported 5.97 million tons of steel sheets, a year - on - year decrease of 22.6%. From January to October, the cumulative export was 60.45 million tons, a year - on - year decrease of 3.5%. Beijing issued a financial support plan to boost and expand consumption, proposing to increase financial support for automobile, especially new - energy vehicle consumption, including optimizing auto - loan ratios, terms, and interest rates, and waiving penalties for early loan repayment during the trade - in process [2]. 3.7 Key Points of Attention - The weekly output, in - plant inventory, and social inventory of hot - rolled coils on Thursday are to be focused on [2].

意愿并不强烈。需求端，房地产行业作为玻璃的主要下游，其表现依旧低迷。从整体地产周期来看，下行 趋势尚未扭转。当前二手房价格持续下跌，市场信心不足，新房销售也面临较大压力。汽车玻璃方面，虽 免责声明 有一定的生产备货需求，但难以完全抵消房地产市场低迷带来的负面影响。光伏玻璃市场，受行业"反内 纯碱玻璃产业日报 2025-11-19 | 项目类别 | 数据指标 纯碱主力合约收盘价(日,元/吨) | 最新 | 环比 数据指标 -32 玻璃主力合约收盘价(日,元/吨) | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | | 纯碱与玻璃价差(日,元/吨) | 1182 173 | -24 纯碱主力合约持仓量(日,手) | 1009 1345724 | -8 82458 | | | 玻璃主力合约持仓量(日,手) | 1990501 | 2524 纯碱前20名净持仓 | -263174 | -19574 | | 期货市场 | 玻璃前20名净持仓 | -325241 | 14348 纯碱交易所仓单(日,吨) | 4993 | 0 | | | 玻璃交易所仓单(日,吨) | 2 ...

| 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 | 3180 | -5 期货前20名持仓:净买单量:鸡蛋(日,手) | -30264 | -6707 | | 克) | 鸡蛋期货月间价差(1-5):(日,元/500千克) | -297 | -9 期货持仓量(活跃合约):鸡蛋(日,手) | 208381 | -6593 | | | 注册仓单量:鸡蛋(日,手) | 0 | 0 | | | | 现货市场 | 鸡蛋现货价格(日,元/斤) | 2.9 | -0.03 基差(现货-期货)(日,元/500千克) | -284 | -24 | | 上游情况 | 产蛋鸡存栏指数:全国(月,2015=100) | 115.26 | 0.86 淘汰产蛋鸡指数:全国(月,2015=100) | 124.63 | 31.02 | | | 主产区平均价:蛋鸡苗(周,元/羽) | 2.8 | 0 新增雏鸡指数:全国(月,2015=100) | 76.65 | 3.3 ...

他企业装置存在明显变化，预计本周烯烃行业开工维持稳定。MA2601合约短线预计在1970-2050区间波动 研究员: 林静宜 期货从业资格号F03139610 期货投资咨询从业证书号Z0021558 。 免责声明 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 主力合约收盘价甲醇(日,元/吨) | 2013 | -17 甲醇1-5价差(日,元/吨) | -137 | -14 -4785 | | | 主力合约持仓量:甲醇(日,手) | 1450621 | -7882 期货前20名持仓:净买单量:甲醇(日,手) | -210978 | | | | 仓单数量:甲醇(日,张) | 7165 | -3887 | | | | 现货市场 | 江苏太仓(日,元/吨) | 1985 | -10 内蒙古(日,元/吨) | 1955 | -5 | | | 华东-西北价差(日,元/吨) | 40 | -10 郑醇主力合约基差(日,元/吨) | -28 | 7 | | | 甲醇:CFR中国主港(日,美元/吨) ...

主，尿素企业库存或继续呈现下降趋势。UR2601合约短线预计在1640-1690区间波动。 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。 渐增量。本周尿素企业库存下降，东北储备需求明显增加，部分企业受其利影响去库明显。主产销区尿素 数据来源于第三方，观点仅供参考。市场有风险，投资需谨慎！ 尿素产业日报 2025-11-19 企业变化涨跌不一，局部区域虽然价格上涨，但去库幅度有限。近日部分尿素企业预收增加，积极出货为 研究员: 林静宜 期货从业资格号F03139610 期货投资咨询从业证书号Z0021558 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- ...