Report Industry Investment Rating - No relevant information provided Core Viewpoints - In October, domestic pure benzene supply is expected to increase. The impact of maintenance of petroleum benzene plants is expected to decline, and the operating load of North China hydrobenzene plants has gradually recovered to a neutral level after the end of production restrictions in early September, with stable operation expected in the future. New plants for downstream styrene, caprolactam, and phenol are planned to be put into operation, with the converted production capacity higher than that of pure benzene, indicating a medium - to long - term improvement in supply - demand trends. However, large - scale styrene plants are still in the maintenance cycle, limiting the growth space of pure benzene demand. Recently, international oil prices have fallen and rebounded due to factors such as OPEC's slight increase in production, concerns about economic growth caused by the U.S. government shutdown, and the intensification of the Russia - Ukraine conflict. In the short term, the domestic pure benzene supply - demand situation is difficult to improve. Technically, BZ2603 has broken below the lower Bollinger Band, and the MACD green bar has widened, but the single - day K - line has a long lower shadow. Pay attention to the support near 5682 [2]. Summary by Relevant Catalogs Futures Market - The closing price of the pure benzene futures main contract is 5763 yuan/ton, down 37 yuan; the settlement price is 5732 yuan/ton, down 69 yuan. The trading volume is 5189 lots, down 394 lots; the open interest is 12994 lots, up 615 lots. The mainstream price in the East China market is 5860 yuan/ton, down 20 yuan; the mainstream price in the North China market is 5870 yuan/ton, unchanged; the mainstream price in the Northeast region is 5700 yuan/ton, down 102 yuan [2]. Spot Market - The mainstream price of hydrobenzene in Jiangsu is 5825 yuan/ton, down 100 yuan; the mainstream price in Shanxi is 5740 yuan/ton, unchanged. The FOB intermediate price of pure benzene in South Korea is 699 US dollars/ton, up 5 US dollars; the CFR intermediate price of pure benzene in China is 709.5 US dollars/ton, up 2 US dollars [2]. Upstream Situation - The spot price of Brent DTD crude oil is 68.38 US dollars/barrel, up 1.05 US dollars; the CFR intermediate price of naphtha in Japan is 583.75 US dollars/ton, down 1.5 US dollars [2]. Industry Situation - The capacity utilization rate of pure benzene is 78.14%, up 0.13 percentage points; the weekly output is 45.7 tons, up 0.16 tons. The port inventory at the end of the week is 10.6 tons, down 0.1 tons. The production cost is 5327.8 yuan/ton, down 118.2 yuan/ton, and the production profit is 737 yuan/ton, up 76 yuan/ton [2]. Downstream Situation - The total styrene operating rate is 73.24%, down 0.2 percentage points; the caprolactam capacity utilization rate is 95.72%, up 6.41 percentage points; the phenol capacity utilization rate is 78.54%, down 0.46 percentage points; the aniline capacity utilization rate is 69.24%, down 0.1 percentage points; the adipic acid capacity utilization rate is 64.3%, up 2 percentage points [2]. Industry News - From September 19th to 25th, the pure benzene capacity utilization rate increased by 1.22% to 79.27% week - on - week, and the hydrobenzene capacity utilization rate increased by 4.05% to 63.99% week - on - week. The weighted operating rate of pure benzene downstream decreased by 1.24% to 76.37% week - on - week. As of October 9th, the total commercial inventory of pure benzene in Jiangsu port samples was 9.1 tons, a week - on - week decrease of 33.7%. From September 19th to 25th, the profit of petroleum benzene was 419 yuan/ton, a week - on - week decrease of 6 yuan/ton [2].

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。 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 铁矿石产业链日报 2025/10/9 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | I 主力合约收盘价（元/吨） | 790.50 | +10.00↑ I 主力合约持仓量(手) | 459,565 | +12200↑ | | | I 1-5合约价差（元/吨） | 19.5 | -1.50↓ I 合约前20名净持仓(手) | -8651 | +6698↑ | | | I 大商所仓单（手） ...

贵金属产业日报 2025-10-09 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 沪金主力合约收盘价(日,元/克) | 914.32 | 39.92 沪银主力合约收盘价(日,元/千克) | 11169 | 251 | | | 主力合约持仓量:沪金(日,手) | 251137 | -5739 主力合约持仓量:沪银(日,手) | 477441 | 1197 | | | 沪金主力前20名净持仓(日,手) | 157017 | -9396 沪银主力前20名净持仓(日,手) | 98301 | -7580 | | | 仓单数量:黄金(日,千克) | 70728 | 0 仓单数量:白银(日,千克) | 1186846 | -5436 | | 现货市场 | 上海有色网黄金现货价(日,元/克) | 910.89 | 37.94 上海有色网白银现货价(日,元/千克) | 11107 | 194 | | | 沪金主力合约基差(日,元/克) | -3.43 | -1.98 沪银主力合约基差(日,元/千 ...

| 项目类别 | 数据指标 环比 数据指标 | 最新 | | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:苹果(日,元/吨) 16 主力合约持仓量:苹果(日,手) 期货前20名持仓:净买单量:苹果(日,手) | 8633 6580 | 770 | 114672 | 12291 | | 现货市场 | 甘肃静宁苹果现货价格(纸袋75#以上)(日, 山东沂源苹果现货价格(纸袋75#以上)(日, 元/斤) | 4 | 0 元/斤) | 2.3 | 0 | | | 陕西洛川苹果现货价格(纸袋70#以上半 山东烟台栖霞现货价格(纸袋80#以上一 | 4.2 | 0 | 3.7 | 0 | | 上游情况 | 商品)(日,元/斤) 二级果农货)(日,元/斤) 全国:苹果产量(年,万吨) 168.34 批发价:苹果(周,元/公斤) -0.01 平均批发价:富士苹果(周,元/公斤) | 5128.51 9.77 | | 9.28 | -0.07 | | | 全国苹果冷库总库存(周,万吨) -4.14 山东苹果库容比(周,) | 12.18 ...

数据来源第三方(我的农产品网、海关总署、郑商所)，观点仅供参考，市场有风险，投资需谨慎！ 仍施压，且需求旺季延迟可能，预计短期枣价弱势运行。 研究员: 王翠冰 期货从业资格号F03139616 期货投资咨询从业证书号Z0021556 免责声明 红枣产业日报 2025-10-09 | 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:红枣(日,元/吨) 140 主力合约持仓量:红枣(日,手) | 10960 | | | 147593 | 8020 | | | 期货前20名持仓:净买单量:红枣(日,手) 4294 仓单数量:红枣(日,张) | -4074 | | | 0 | 0 | | | 有效仓单预报:红枣:小计(日,张) 0 | 0 | | | | | | 现货市场 | 喀什红枣统货价格(日,元/公斤) 0 河北一级灰枣批发价格(日,元/斤) | 6 | | | 4.75 | 0 | | | 阿拉尔红枣统货价格(日,元/公斤) 0 河南一级灰枣批发价格( ...

盐湖等前期检修装置陆续重启，MTO行业整体维持高位开工，中原乙烯烯烃装置后期存在停车预期，其他 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 装置运行稳定，短期行业开工率或稍有下降。MA2601合约短线预计在2270-2350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。 | 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) | 2290 | -38 甲醇1-5价差(日,元/吨) | -56 | -22 | | | 主力合约持仓量:甲醇 ...

苯乙烯产业日报 2025-10-09 | 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):苯乙烯(日,元/吨) | 6818 | -17 期货成交量(活跃:成交量):苯乙烯(EB)(日, | 181486 | -31574 | | | 前20名持仓:买单量:苯乙烯(日,手) | 367418 | 17057 11月合约收盘价:苯乙烯(日,元/吨) 手) | 6818 | -17 | | | 期货持仓量(活跃:成交量):苯乙烯(EB)(日, | 336620 | 3839 前20名持仓:净买单量:苯乙烯(日,手) | -11914 | 7703 | | | 手) 前20名持仓:卖单量:苯乙烯(日,手) | 379332 | 9354 仓单数量:苯乙烯:总计(日,手) | 800 | 800 | | 现货市场 | | | | | | | | 现货价:苯乙烯(日,元/吨) | 7120 | -4 苯乙烯:FOB韩国:中间价(日,美元/吨) 市场价:苯乙烯:东北地区:主流 ...

碳酸锂产业日报 2025/10/9 | 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） | 73,340.00 | +540.00↑ 前20名净持仓（日，手） | -149,638.00 | +8581.00↑ | | 期货市场 | 主力合约持仓量（日，手） | 229,022.00 | -2942.00↓ 近远月合约价差（日，元/吨） | 140.00 | +260.00↑ | | | 广期所仓单（日，手/吨） | 41,709.00 | +590.00↑ | | | | 现货市场 | 电池级碳酸锂平均价（日，元/吨） | 73,550.00 | 0.00 工业级碳酸锂平均价（日，万元/吨） | 71,300.00 | 0.00 | | | Li₂CO₃主力合约基差（日，元/吨） | 210.00 | -540.00↓ | | | | 上游情况 | 锂辉石精矿(6%CIF中国)平均价（日，美元/吨） | 869.00 | -7.00↓ 磷锂铝石平均价（日，元/吨） ...

尿素产业日报 2025-10-09 国际尿素进口招标，但由于我国出口窗口期即将结束，且后期出口政策暂不明朗，因此此轮印标对国内尿 数据来源于第三方，观点仅供参考。市场有风险，投资需谨慎！ 素市场的影响仍需持续跟踪。刚需推进依旧不温不火，国内企业仍面临高库存压力。UR2601合约短线预计 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 在1600-1670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。 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 郑州尿素主力合约收 ...

1. Report Industry Investment Rating No relevant information provided 2. Core View of the Report - The supply - side pressure in the domestic cotton market is gradually increasing as new cotton is being listed and the new season shows a significant bumper harvest. Meanwhile, the demand side has not improved significantly, with textile mills' orders not showing obvious improvement and the operating rate lower than the same period last year. The "Golden September and Silver October" peak season has not emerged. It is expected that the price of Zhengzhou cotton futures will be weak after the holiday [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - Zhengzhou cotton's main contract closing price is 13,295 yuan/ton, up 80 yuan; the main contract closing price of cotton yarn is 19,545 yuan/ton, up 135 yuan [2] - The net position of the top 20 in cotton futures is - 37,086 lots, down 4,866 lots; the net position of the top 20 in cotton yarn futures is - 106 lots, down 41 lots [2] - The main contract holding volume of cotton is 550,497 lots, up 15,043 lots; the main contract holding volume of cotton yarn is 3,221 lots, down 687 lots [2] - The number of cotton warehouse receipts is 3,030, down 51; the number of cotton yarn warehouse receipts is 0, unchanged [2] 3.2 Spot Market - The China Cotton Price Index (CCIndex:3128B) is 14,739 yuan/ton, down 20 yuan; the China Yarn Price Index for pure - combed 32 - count cotton yarn is 20,530 yuan/ton, unchanged [2] - The China Imported Cotton Price Index (FCIndexM:1% tariff) is 13,146 yuan/ton, down 155 yuan; the arrival price of imported cotton yarn for pure - combed 32 - count cotton yarn is 21,311 yuan/ton, down 81 yuan [2] - The China Imported Cotton Price Index (FCIndexM: sliding - duty tax) is 14,068 yuan/ton, down 90 yuan; the arrival price of imported cotton yarn for pure - combed 32 - count combed cotton yarn is 22,497 yuan/ton, down 166 yuan [2] 3.3 Upstream Situation - The national cotton sowing area is 2,838.3 thousand hectares, up 48.3 thousand hectares; the national cotton output is 6.16 million tons, up 540,000 tons [2] - The cotton - yarn price difference is 5,791 yuan/ton, unchanged; the national industrial inventory of cotton is 870,000 tons, up 13,000 tons [2] 3.4 Industry Situation - The monthly import volume of cotton is 70,000 tons, up 20,000 tons; the monthly import volume of cotton yarn is 130,000 tons, up 20,000 tons [2] - The daily profit of imported cotton is 800 yuan/ton, unchanged; the national commercial inventory of cotton is 1.4817 million tons, down 708,100 tons [2] 3.5 Downstream Situation - The yarn inventory days are 26.58 days, down 0.65 days; the inventory days of grey cloth are 33.87 days, down 1.31 days [2] - The monthly output of cloth is 2.701 billion meters, up 0.01 billion meters; the monthly output of yarn is 2.0279 million tons, up 36,400 tons [2] - The monthly export value of clothing and clothing accessories is 14,145,904,000 US dollars, down 1,015,855,000 US dollars; the monthly export value of textile yarns, fabrics and products is 12,393,202,000 US dollars, up 789,193,000 US dollars [2] 3.6 Option Market - The implied volatility of at - the - money call options for cotton is 12.17%, up 0.5%; the implied volatility of at - the - money put options for cotton is 12.17%, up 0.5% [2] - The 20 - day historical volatility of cotton is 6.51%, up 0.39%; the 60 - day historical volatility of cotton is 7.65%, up 0.26% [2] 3.7 Industry News - In October, the temperature in southern Xinjiang and the Yangtze River Basin cotton - growing areas is expected to be higher and precipitation lower, which is conducive to cotton boll opening and harvesting; the northern Xinjiang cotton - growing area may experience low - temperature and frost due to cold air, which is not conducive to cotton harvesting and drying; most of the Yellow River Basin cotton - growing areas will have normal temperature but more precipitation, which may cause continuous rainy weather, affecting cotton boll opening and picking and reducing cotton quality [2]