| | | | | | | 农产品早报 | | | 研究中心农产品团队 2026/01/05 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 玉米/淀粉 | | | | 玉米 | | | | | 淀粉 | | | | 日期 | 长春 | 锦州 | 潍坊 | 蛇口 | 基差 | 贸易利润 | 进口盈亏 | 黑龙江 | 潍坊 | 基差 | 加工利润 | | 2025/12/25 | 2160 | 2230 | 2250 | 2380 | 41 | 0 | 195 | 2750 | 2800 | 221 | -49 | | 2025/12/26 | 2160 | 2250 | 2250 | 2390 | 28 | -10 | 206 | 2750 | 2800 | 191 | -49 | | 2025/12/29 | 2160 | 2280 | 2244 | 2430 | 31 | 0 | 255 | 2750 | 2800 | 170 | -49 | | 2025/12/30 | 2160 | 22 ...

最新 日变化 周变化 月变化 年变化 最新 日变化 周变化 月变化 年变化 秦皇岛5500 688.0 0.0 -1.0 -115.0 -82.0 25省终端可用天数 22.0 -0.6 2.1 1.1 4.4 秦皇岛5000 591.0 0.0 4.0 -112.0 -74.0 25省终端供煤 597.0 -6.4 -11.5 -43.0 -25.8 广州港5500 810.0 0.0 0.0 -45.0 -55.0 北方港库存 2562.0 -33.0 -151.0 -90.0 278.0 鄂尔多斯5500 495.0 0.0 0.0 -90.0 -65.0 北方锚地船舶 65.0 -7.0 -8.0 2.0 -13.0 大同5500 550.0 0.0 0.0 -85.0 -80.0 北方港调入量 134.0 15.4 19.7 -38.6 3.2 榆林6000 690.0 0.0 0.0 -42.0 -62.0 北方港吞吐量 165.7 18.2 22.5 26.4 27.8 榆林6200 745.0 0.0 0.0 -15.0 -35.0 CBCFI海运指数 640.6 6.0 36.5 -62.3 ...

l js 合成橡胶早报 研究中心能化团队 2026/1/5 | 品种 | 类别 | 指标 | 12/3 | 12/26 | 12/29 | 12/30 | 12/31 | 日度变化 | 周度变化 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | BR主力合约(12) | 10575 | 11635 | 11600 | 11565 | 11520 | -45 | -115 | | | | 持仓量 | 38986 | 64505 | 59203 | 49563 | 41261 | -8302 | -23244 | | | 需要 | 成交量 | 122663 | 196070 | 152140 | 121267 | 97681 | -23586 | -98389 | | | | 仓単数量 | 15450 | 23490 | 23490 | 23490 | 23490 | 0 | 0 | | | | 虚实比 | 12.62 | 13.73 | 12.60 | 10.55 | 8.78 | -2 | -5 | | | | 顺丁基差 ...

隻运早报 | | | | | | | 研究中心能化团队 | | | 2026/1/5 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | ਵ ਕੇ | | 昨日收费价 | 涨跌 | 募 | 昨日成交昼 | | 昨日持仓量 | 持仓变动 | | | EC2602 | | 1801.3 | 0.35% | -58.7 | 21505 | | 24130 | -3725 | | | EC2604 | | 1166.0 | 0.50% | 5/6.6 | 4507 | | 20919 | -322 | | | EC2606 | | 1367.9 | -0.11-1% | 374.7 | 414 | | 2152 | -78 | | | EC2608 | | 1500.0 | -0.01% | 242.6 | 65 | | 1195 | -1 | | | EC2610 | | 1060.0 | 0.38% | 682.6 | 319 | | 6024 | - 60 | | | 月差 | | 前一日 | 前两日 | 前三日 | 日环比 | ...

| | 最新 | 日变化 | 周变化 | 月变化 | 年变化 | 最新 | 日变化 | 周变化 | 月变化 | 年变化 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 柳林主焦 | 1450.00 | 0.00 | -50.00 | -55.00 | 2.11% Peak Downs | 228.50 | 0.00 | 0.50 | 13.00 | 20.50 | | 原煤口岸库提价 | 960.00 | -10.00 | -25.00 | -27.00 | 5.49% Goonyella | 229.50 | 0.00 | 0.50 | 15.00 | 18.50 | | 沙河驿蒙5# | 1340.00 | 0.00 | 0.00 | -80.00 | -4.29% 盘面05 | 1110.00 | 1.50 | -14.00 | -69.00 | -3.48% | | 安泽主焦 | 1500.00 | -100.00 | -100.00 | 0.00 | 4.90% 盘面09 | 1192.50 | 4.50 ...

焦炭日报 研究中心黑色团队 2026/1/5 | | 最新 | 日变化 | 周变化 | 月变化 同比 | | 最新 | 日变化 | 周变化 | 月变化 同比 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 山西准一湿熄 | 1430.97 | 0.00 | -54.61 | -163.84 | -14.09% 高炉开工率 | 85.26 | | 0.32 | -1.82 | -0.34% | | 河北准一干熄 | 1680.00 | 0.00 | -55.00 | -165.00 | 4.35% 铁水日均产量 | 227.43 | | 0.85 | -4.87 | 0.99% | | 山东准一干熄 | 1625.00 | 0.00 | -35.00 | -145.00 | -11.92% 盘面05 | 1714.5 | 7.00 | -25.00 | -28.50 | -4.03% | | 江苏准一干熄 | 1645.00 | 0.00 | -55.00 | -165.00 | -12.73% 盘面09 | 1 ...

| | | | | | 玻璃纯碱早报 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | 研究中心能化团队 | | | 2026/1/5 | | | | | | | 玻 璃 | | | | | | | | | | | 2025/12/24 2025/12/30 2025/12/31 周度变化 日度变化 | | | | | | 2025/12/24 2025/12/30 2025/12/31 周度变化 日度变化 | | | | 沙河安全 5mm大 板 | 976.0 | 959.0 | 959.0 | -17.0 | 0.0 | FG05合约 | 1048.0 | 1087.0 | 1087.0 | 39.0 | 0.0 | | 沙河长城 5mm大板 | 959.0 | 954.0 | 954.0 | -5.0 | 0.0 | FG01合约 | 941.0 | 950.0 | 949.0 | 8.0 | -1.0 | | 沙河5mm大 板低价 | 950 ...

IPG = #5 el H 研究中心能化团队 2026/01/05 ~P G 丙烷CFR华 CP预测合 山东烷基 丙烷CIF日本 山东醚后碳四 纸面进口利润 日期 华南液化气 山东液化气 主力基差 华东液化 目似 化油 Fi 2025/12/25 4389 539 -245 4505 4310 590 510 4520 7150 413 2025/12/26 4510 4384 4270 l 541 4500 7150 -233 589 512 390 2025/12/29 4510 4380 4320 580 531 4430 7130 434 208 -163 2025/12/30 4372 4300 542 515 4440 7150 -172 4510 582 375 2025/12/31 4376 4250 545 516 4440 7100 4590 581 -80 318 日度变化 -50 -1 3 1 0 能忌 -50 92 -57 80 4 l本周内盘震荡，周三因CP高开而冲高后回落。02基差118（-92），02-03月差119（+7），03-04月差-184（+14），仓单6398手（+ ...

Report Overview - Report Title: Asphalt Morning Report [2][10] - Research Team: Research Center Energy and Chemicals Team [3][11] - Report Date: December 31, 2025 [3][11] 1. Report Investment Rating - No investment rating provided in the report. 2. Core Viewpoints - No clear core viewpoints are presented in the given content; it mainly provides data on asphalt - related indicators. 3. Summary by Relevant Catalog 3.1 Basis and Spread - **Basis**: The Shandong basis (+80) (non - Jingbo) was - 68 on December 30, with no daily change and a weekly change of - 12; the East China basis (Zhenjiang warehouse) was - 118, with no daily change and a weekly change of - 2; the South China basis (Foshan warehouse) was - 138, with a daily change of 40 and a weekly change of 28 [4][12]. - **Month - to - month spreads**: The 01 - 03 spread was - 43 on December 30, with a daily change of - 8 and a weekly change of - 9; the 02 - 03 spread was - 7, with a daily change of - 3 and a weekly change of 3; the 03 - 06 spread was - 24, with a daily change of 1 and a weekly change of 4 [4][12]. 3.2 BU Main Contract (02) - **Price**: It was 3038 on December 30, with a daily change of 30 and a weekly change of 42 [4][12]. - **Trading Volume**: The trading volume on December 30 was 465,494, with a daily increase of 79,321 and a weekly increase of 170,851 [4][12]. - **Open Interest**: The open interest on December 30 was 440,255, with a daily decrease of 2,448 and a weekly decrease of 31,865 [4][12]. - **Combination**: It was 8,260 on December 30, with a daily and weekly increase of 4,080 [4][12]. 3.3 Spot Market - **Brent Crude Oil**: It was 61.9 on December 30, with a daily increase of 1.3 and a weekly decrease of 0.4 [4][12]. - **Jingbo**: The price was 2,980 on December 30, with a daily and weekly increase of 40 [4][12]. - **Shandong (non - Jingbo)**: The price was 2,890 on December 30, with a daily and weekly increase of 30 [4][12]. - **Zhenjiang Warehouse**: The price was 2,920 on December 30, with a daily and weekly increase of 30 [4][12]. - **Foshan Warehouse**: The price was 2,900 on December 30, with a daily increase of 70 and a weekly increase of 100 [4][12]. 3.4 Profit - **Asphalt - Marrow Profit**: It was 385 on December 30, with a daily decrease of 42 and a weekly increase of 45 [4][12].

Report Summary 1. Report Industry Investment Rating - No relevant information provided. 2. Report Core View - No explicit core view presented in the given content. 3. Summary Based on Related Catalogs SP Main Contract Information - The closing price of the SP main contract on December 30, 2025, was 5568.00 [3]. - The closing prices and related data for the previous days (December 24 - 29, 2025) are also provided, including the closing price, converted US - dollar price, daily change, and basis differences in Shandong and Jiangsu - Zhejiang - Shanghai regions [3]. Import Pulp Information - With a 13% VAT calculation, for Canadian pulp brands like Golden Lion (CFR price 780 in US dollars) and Lion (CFR price 730 in US dollars), and Chilean Silver Star (CFR with 90 - day letter of credit, price 700 in US dollars), their corresponding RMB prices in Shandong and import profits are presented. The import profit for Golden Lion is 69.01, Lion is - 271.05, and Silver Star is - 9.09 [4]. Pulp Price Averages - From December 24 - 30, 2025, the national and Shandong regional average prices of softwood pulp, hardwood pulp, natural pulp, and chemical mechanical pulp remained unchanged. The changes were all 0.00 [4]. Paper Product Indexes and Margins - The indexes of cultural paper (double - offset index, double - copper index), packaging paper (white - card index), and living paper (living index) showed little change from December 25 - 30, 2025. The changes were all 0 [4]. - The estimated profit margins of double - offset paper, double - copper paper, white - card paper, and living paper also had little change during this period, with the change in living paper profit margin being 0.0000 [4]. Pulp Price Spreads - From December 24 - 30, 2025, the price spreads between softwood and hardwood pulp, softwood and natural pulp, softwood and chemical mechanical pulp, and softwood and waste paper pulp remained constant [4].