国内价格 LME价格 比价 现货 16675 1946 8.59 三月 16900 1990 11.10 均衡比价 盈利 现货进口 8.84 -485.31 跨期套利跟踪 2025/09/08 铜 次月-现货月 三月-现货月 四月-现货月 五月-现货月 价差 340 340 280 260 理论价差 501 900 1308 1716 锌 次月-现货月 三月-现货月 四月-现货月 五月-现货月 价差 55 50 65 70 理论价差 214 333 453 572 铝 次月-现货月 三月-现货月四月-现货月 五月-现货月 价差 75 60 30 25 理论价差 214 329 444 559 铅 次月-现货月 三月-现货 月 四月-现货月 五月-现货月 价差 95 95 100 115 理论价差 209 314 419 524 镍 次月-现货月 三月-现货月 四月-现货 月 五月-现货月 价差 660 810 1000 1280 锡 5-1 价差 660 理论价差 5639 期现套利跟踪 2025/09/08 铜 当月合约-现货 次月合约-现货 价差 -155 185 理论价差 172 665 锌 当月合约- ...

| LPG早报 | 研究中心能化团队 2025/09/08 | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | L P G | 华东液化 | 丙烷CFR华 | 丙烷CIF日 | MB丙烷现 | CP预测合 | 纸面进口 | | | | | | | | | | | | | | | | | | | 日期 | 华南液化气 | 山东液化气 | 山东醚后碳四 山东烷基化油 | 主力基差 | 气 | 南 | 本 | 货 | 同价 | 利润 | 2025/09/0 | 4580 | 4486 | 4540 | 583 | 545 | - | 531 | 4900 | 7770 | -201 | 188 | | | 1 | 2025/09/0 | 4540 | 4486 | 4560 | 590 ...

BR 永安合成橡胶早报 | | | 研究中心能化团队 2025/9/8 | | | --- | --- | --- | --- | | 9/4 | 9/5 | 日度変化 | 周度変化 | | 1810 | 12210 | 400 | 310 | | 6614 | 33494 | 6880 | -1999 | | 30504 | 137317 | 6813 | 49640 | | | | 指标 | 8/6 | 8/29 | 9/3 | 9/4 | ਰੇ / 5 | 日度变化 | 周度変化 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 主力合约收盘价 | 11505 | 11900 | 11885 | 11810 | 12210 | 400 | 310 | | | | 主力合约持仓量 | 28087 | 35493 | 28944 | 26614 | 33494 | 6880 | -1999 | | | 需面 | 主力合约成交量 | 51579 | 87677 | 105069 | 130504 | 137317 | 6 ...

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 686.0 -1.0 -9.0 6.0 -154.0 25省终端可用天数 19.8 -1.0 -0.1 -1.1 2.2 秦皇岛5000 599.0 -5.0 -16.0 -19.0 -146.0 25省终端供煤 567.4 -10.4 -41.1 -72.6 -55.4 广州港5500 760.0 0.0 0.0 5.0 -140.0 北方港库存 2017.0 -27.0 13.0 -131.0 -111.5 鄂尔多斯5500 465.0 0.0 -5.0 10.0 -145.0 北方锚地船舶 62.0 2.0 -23.0 8.0 -6.0 大同5500 520.0 0.0 -5.0 -10.0 -170.0 北方港调入量 155.3 -14.0 -7.1 25.7 -12.6 榆林6000 602.0 0.0 0.0 10.0 -179.0 北方港吞吐量 143.3 4.8 -5.0 10.8 -36.0 榆林6200 630.0 0.0 0.0 10.0 -177.0 CBCFI海运指数 587.2 -10.3 ...

| | | | | 燃料油早报 | | 研究中心能化团队 2025/09/08 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 燃 料 油 | | | | | | | | | 日期 | 鹿特丹3.5% HSF | 鹿特丹0.5% VLS | 鹿特丹HSFO-Br | 鹿特丹10ppm G | 鹿特丹VLSFO-G | LGO-Brent M1 | 鹿特丹VLSFO-H | | | O掉期 M1 | FO掉期 M1 | ent M1 | asoil掉期 M1 | O M1 | | SFO M1 | | 2025/09/01 | 388.11 | 456.37 | -6.40 | 658.54 | -202.17 | 22.05 | 68.26 | | 2025/09/02 | 388.05 | 456.06 | -7.14 | 673.38 | -217.32 | 22.94 | 68.01 | | 2025/09/03 | 378.27 | 446.28 | -7.46 | 673.49 | -227.21 | 24.41 | 68.01 | | ...

s 加時期货 沥青厚报 研究中心能化团队 2025/9/8 【 -- 10 -- 10 -- 20 -- 200 -- 200 -- 200 -- 10 LUL LULU LULT LULL LUIT LULU LULI LULL LUIT LULU LULI LULL · 2023 -- 2024 - 2025 · 2023 - 2024 - 2023 - 2024 - 2025 - 2025 山东非标基差(+80) 华东非标基差 华南非标基差 500 - 700 - 700 300 500 500 100 300 300 100 -100% 100 -100W -300 -100 -500 -300 -300 2019 2021 - 2022 · 2020 2019 - 2022 · 2020 - 2021 - 2019 -2021 -- 2022 - 2020 - 2023 - 2024 2025 · 2023 - 2024 -- 2025 -2023 - 2024 - 2025 BU09-12 BU06-09 BU03-06 500 - 500 - 500 - 300 - 300 300 100 10 ...

芳烃橡胶早报 | 石脑油 | PX CFR | PTA内盘现 | 石脑油裂 | PTA加 | PTA平衡 | PTA负 | 仓单+有 | 日期 | 原油 | 50D/4 | PX加工差 | 聚酯毛利 | TA基差 产销 | 日本 | 台湾 | 货 | 解价差 | 工差 | 负荷 | 荷 | 效预报 | 8F | 2025/0 | 68.2 | 596 | 848 | 4720 | 6860 | 96.71 | 252.0 | 116 | 163 | 79.8 | 72.2 | 29742 | -40 | 0.40 | 9/01 | 2025/0 | 69.1 | 601 | 846 | 4725 | 6860 | 93.70 | 245.0 | 131 | 173 | 79.8 | 72.2 | 29742 | -45 | 0.30 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- ...

农产品早报 研究中心农产品团队 2025/09/08 淀粉：临近作季尾声，本周淀粉现货报价继续下调，预计剩下的一个月时间，企业多数还是会采取以价换粮的模式出清部分手中库存。短期 看，受原料价格波动影响淀粉价格跟随波动，深加工产量相对稳定，下游提货积极性欠佳，行业库存维持高位，继续对价格形成压力。中长期 看，成品淀粉库存高企限制企业调价空间，叠加新季原料成本预期下移，因此对淀粉价格仍维持偏空思路。 白糖 现货价格 基差 进口利润 仓单 日期 柳州 南宁 昆明 柳州基差 泰国 巴西 郑盘 2025/09/01 6000 5910 5850 391 - - 13441 白糖：国际市场方面，现阶段巴西正处于压榨高峰期，供应压力使得国际糖价承压。截至目前，巴西单产和出糖率同比持续偏低，但制糖比屡 创新高，后期产量不确定性增加，关注双周报制糖比拐点出现时点。国内整体跟随原糖，进口糖陆续到港，加工糖报价下调明显，盘面上方压 力较大。 棉花棉纱 棉花 棉纱 日期 3128 进口M级美棉 CotlookA(F E) 进口利润 仓单+预报 越南纱 现货 越南纱进口利 润 32S纺纱利润 2025/09/01 15175 76.3 ...

1. Report Industry Investment Rating - No information provided 2. Core Viewpoints - No information provided 3. Summary by Related Catalogs Glass - **Price Changes**: From August 29 to September 5, 2025, the price of 5mm glass in some regions remained stable, while others showed slight fluctuations. For example, the price of 5mm glass in Wuhan Changli remained at 1040.0, and the price of 5mm glass in Hubei increased by 10.0 to 1010.0 [1]. - **Contract Price Changes**: The FG09 contract price decreased by 5.0 to 991.0, and the FG01 contract price increased by 7.0 to 1189.0 [1]. - **Spread Changes**: The FG 9 - 1 spread decreased by 12.0 to -198.0 [1]. - **Basis Changes**: The 09 Hebei basis decreased by 210.0 to -76.0, and the 09 Hubei basis increased by 15.0 to 19.0 [1]. - **Profit Changes**: The North China coal - fired profit decreased by 15.5 to 218.0, and the North China coal - fired cost increased by 6.3 to 895.0. The South China natural gas profit remained at -181.8, and the North China natural gas profit decreased by 19.1 to -242.2 [1]. - **Production and Sales**: The production and sales rate in Shahe was 97, in Hubei was 106, in East China was 86, and in South China was 99 [1]. Soda Ash - **Price Changes**: From August 28 to September 4, 2025, the price of heavy soda ash in some regions changed. For example, the price of heavy soda ash in Shahe decreased by 10.0 and then increased by 20.0 to 1200.0, and the price of heavy soda ash in Qinghai decreased by 80.0 to 930.0 [1]. - **Contract Price Changes**: The SA05 contract price decreased by 22.0 to 1357.0, the SA01 contract price decreased by 34.0 to 1277.0, and the SA09 contract price decreased by 27.0 to 1160.0 [1]. - **Basis Changes**: The SA09 Shahe basis increased by 17.0 to 40.0 [1]. - **Spread Changes**: The SA month - spread 09 - 01 increased by 7.0 to -117.0 [1]. - **Profit Changes**: The North China ammonia - soda process profit decreased by 12.4 to -171.5, and the North China combined - soda process profit data was unavailable on September 4 [1]. - **Inventory Status**: Soda ash factories reduced inventory, while delivery warehouses increased inventory, with an overall slight reduction in inventory [1].

Group 1: Report Industry Investment Rating - No relevant content Group 2: Core Viewpoints - No relevant content Group 3: Summary by Related Catalogs Spot Market - **Australian Mainstream Iron Ore**: Newman powder is priced at 779, down 2 from the previous day and up 3 week - on - week; PB powder is at 782, down 3 and up 3 respectively; Macfarlane powder is 770, down 1 and up 4; Jinbuba powder is 749, down 2 and down 1; Super Special powder is 688, up 3 and up 15; Carajás powder is 897, up 3 and up 6 [1]. - **Brazilian Mainstream Iron Ore**: Brazilian blend is 805, down 5 and down 11; Brazilian coarse IOC6 is 787, down 3 and up 3; Brazilian coarse SSFG is 792, down 3 and up 3 [1]. - **Other Iron Ores**: Ukrainian concentrate is 910, unchanged and up 7; 61% Indian powder is 738, down 2 and down 1; Karara concentrate is 910, unchanged and up 7; Roy Hill powder is 752, down 3 and up 3; KUMBA powder is 841, down 3 and up 3; 57% Indian powder is 628, down 2 and up 10; Atlas powder is 717, down 3 and up 4; Tangshan iron concentrate is 996, up 7 and up 7 [1]. Futures Market - **DCE Contracts**: i2601 is at 789.5, down 2.0 and up 2.0; i2605 is 765.0, down 2.5 and up 1.5; i2509 is 834.5, up 3.5 and up 31.5 [1]. - **FE Contracts**: FE01 is 101.53, up 2.31 and down 1.46; FE05 is 99.16, up 2.35 and down 1.47; FE09 is 104.67, up 2.12 and up 0.47 [1]. Price Differences - **Inter - monthly Spreads**: For i2601, it's 45.0, with a day - change of - 3.4 and a week - change of - 7.5; for i2605, it's 24.5, with a day - change of - 2.9 and a week - change of - 7.0; for i2509, it's - 69.5, with a day - change of - 8.9 and a week - change of - 37.0 [1]. - **Other Price Differences**: FE01 has a price difference of 3.14, with a day - change of 1.9 and a week - change of 12.7; FE05 has a price difference of 2.37, with a day - change of 0.4 and a week - change of 13.8; FE09 has a price difference of - 5.51, with a day - change of 7.3 and a week - change of 16.1 [1].