油 脂 基 差 ： 油 脂 油 料 盘 面 价 差 ： | 免责声明: | 以上内容所依据的信息均来源于交易所、媒体及资讯公司等发布的公开资料或通过合法授权渠道向发布人取得的资讯，我们力求分析及建议内 | 容的客观、公正，研究方法专业审慎，分析结论合理，但公司对信息来源的准确性和完整性不作任何保证，也不保证所依据的信息和建议不会 | 发生任何变化。且全部分析及建议内容仅供参考，不构成对您的任何投资建议及入市依据，客户应当自主做出期货交易决策，独立承担期货交 | 易后果，凡据此入市者，我公司不承担任何责任。未经公司授权，不得随意转载、复制、传播本网站中所有研究分析报告、行情分析视频等全 | 部或部分材料、内容。对可能因互联网软硬件设备故障或失灵、或因不可抗力造成的全部或部分信息中断、延迟、遗漏、误导或造成资料传输 | | --- | --- | --- | --- | --- | --- | | 或储存上的错误、或遭第三人侵入系统篡改或伪造变造资料等，我们均不承担任何责任。 | | | | | | 油脂油料早报 研究中心农产品团队 2025/08/18 隔 夜 市 场 信 息 ： NOPA月报：美国7月大豆压榨 ...

芳烃橡胶早报 研究中心能化团队 2025/08/18 P T A 日期 原油 石脑油 日本 PX CFR 台湾 PTA内盘现 货 POY 1 50D/4 8F 石脑油裂 解价差 PX加工差 PTA加 工差 聚酯毛利 PTA平衡 负荷 PTA负 荷 仓单+有 效预报 TA基差 产销 2025/0 8/11 66.6 568 835 4700 6730 79.60 267.0 134 59 78.3 76.0 44475 -13 0.55 2025/0 8/12 66.1 570 834 4705 6730 85.34 264.0 149 49 78.3 76.0 51531 -12 0.35 2025/0 8/13 65.6 564 831 4695 6745 82.43 267.0 158 75 78.3 76.0 47757 -11 0.40 2025/0 8/14 66.8 571 824 4650 6770 81.06 253.0 148 147 78.3 76.0 46107 -15 0.35 2025/0 8/15 65.9 573 828 4660 6770 89.82 255.0 135 141 ...

s 加安期货 沥青厚报 研究中心能化团队 2025/8/18 | | 指标 | 7/17 | 8/7 | 8/13 | 8/14 | 8/15 | 日度变化 | 間序形化 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | BU主力合约 | 3628 | 3528 | 3503 | 3472 | 3461 | -11 | -67 | | | BU06 | 3384 | 3357 | 3338 | 3325 | 3318 | -7 | -39 | | | BU09 | 3628 | 3552 | 3534 | 3510 | 3497 | -13 | -25 | | | BU12 | 3450 | 3438 | 3406 | 3383 | 3370 | -13 | -68 | | 器直 | BU03 | 3409 | 3378 | 3340 | 3344 | 3322 | -22 | -56 | | | 成交量 | 255138 | 233769 | 176721 | 222526 | 214163 | -8363 | -19606 | | ...

·美国总统特朗普：与俄罗斯取得重大进展，敬请关注。 ·美国国务卿鲁比奥：美国将继续尽一切努力，以促成俄乌达成协议。 原油成品油早报 研究中心能化团队 2025/08/18 | 日期 | WTI | BRENT | DUBAI | diff FOB dated bre | BRENT 1- | WTI-BREN | DUBAI-B | NYMEX RB | RBOB-BR | NYMEX | HO-BRT | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 2月差 | T | RT（EFS | OB | T | HO | | | | | | | nt | | | | | | | | | 2025/08/11 | 63.96 | 66.63 | 69.03 | 0.46 | 0.57 | -2.67 | 0.61 | 207.66 | 20.59 | 229.10 | 29.59 | | 2025/08/12 | 63.17 | 66.12 | 68.71 | 0.49 | 0.50 | - ...

中断、延迟、遗漏、误导或造成资料传输或储存上的错误、或遭第三人侵入系统篡改或伪造变造资料等，我司均不承担任何责任。 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 697.0 2.0 17.0 59.0 -153.0 25省终端可用天数 20.2 0.5 0.3 -0.7 2.6 秦皇岛5000 632.0 1.0 14.0 57.0 -118.0 25省终端供煤 609.9 -2.6 1.3 -30.2 -13.0 广州港5500 765.0 0.0 10.0 40.0 -150.0 北方港库存 2358.0 -11.0 -91.0 -337.0 -145.3 鄂尔多斯5500 490.0 5.0 25.0 75.0 -140.0 北方锚地船舶 79.0 0.0 -5.0 -8.0 6.0 大同5500 560.0 5.0 10.0 75.0 -130.0 北方港调入量 154.0 2.5 20.4 17.6 -1.9 榆林6000 622.0 0.0 20.0 55.0 -191.0 北方港吞吐量 137.1 -2.1 -17.6 -12.5 -6.8 榆林62 ...

下灰熨期货 永安合成橡胶早报 研究中心能化团队 2025/8/18 | | | 指标 | 7/16 | 8/8 | 8/13 | 8/14 | 8/15 | 日度变化 | 周度变化 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 主力合约收盘价 | 11525 | 11515 | 11750 | 11645 | 11815 | 170 | 300 | | | | 主力合约持仓量 | 20703 | 25625 | 26557 | 23673 | 20356 | -3317 | -5269 | | | ETE | | 57449 | 41370 | 80181 | 68153 | 63265 | -4888 | 21895 | | | | 主力合约成交量 | | | | | | | | | | | 仓単数量 | 9700 | 10310 | 10470 | 10470 | 10470 | 0 | 160 | | | | 虚实比 | 10.67 | 12.43 | 12.68 | 11.31 | 9.72 | -2 | - ...

玉米：本周，储备继续进行玉米拍卖的操作，合计拍卖进口玉米39.5万吨，成交6.7万吨，成交情况趋于清淡。短期看，当前旧作库存逐步见 底，进口增量有限，储备拍卖持续进行，在此背景下，玉米价格将延续上有顶下有支撑的震荡走势。中长期视角，重点关注新季玉米上市后产 区售粮积极性。在新季产量增加与成本下滑的大背景下，价格预计仍将承压下行，直至国内消费出现好转或产区显现惜售情绪，行情才可能迎 来转折。 淀粉：本周，淀粉报价小幅下调，企业生产仍旧亏损。短期看，受原料价格波动影响淀粉价格跟随波动，深加工产能维持稳定，下游提货小幅 回落，导致淀粉库存维持高位运行，预期淀粉行情继续震荡偏弱运行。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判断。 | 农产品早报 | | --- | | | | | | | | | | 研究中心农产品团队 2025/08/18 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 玉米/淀粉 | | | | 玉米 | | | | | 淀粉 | | | ...

Group 1: Report Industry Investment Rating - No information provided Group 2: Report's Core View - The LPG market is expected to continue its weak and volatile consolidation. The supply has increased while the demand is weak, causing the spot price to decline. The PG futures market has rebounded due to the improvement in the international spot market and low valuation. The basis has strengthened, and the monthly spread has fluctuated. The international market is volatile, and the freight rates are high. The PDH - PP production profit has weakened, and the production margins of alkylation oil and MTBE have declined. The port inventory has decreased, the chemical demand has slightly increased, and the refinery output has decreased. The combustion demand is still weak but approaching the end [1] Group 3: Summary by Relevant Catalogs Daily Data - On August 15, 2025, the propane CFR South China was 4400, the South China LPG was 4410, the East China LPG was 4410, the Shandong LPG was 4420, etc. The daily changes showed that the propane CFR South China increased by 35, the South China LPG increased by 9, etc. The cheapest deliverable was the East China civil LPG at 4410. The FEI and CP first rose and then fell. The PP fluctuated weakly, and the production profit of PP from FEI and CP slightly weakened. The PG futures fluctuated, and the 09 - 10 spread was - 471 (+9). The US - Far East arbitrage window was closed [1] Weekly View - The spot price declined due to increased supply and weak demand, with the cheapest deliverable being East China civil LPG at 4410. The PG futures rebounded because of the improved international spot market and low valuation. The basis strengthened to 539 (+67), and the 9 - 10 spread was - 471 (+9). The warehouse receipt registration volume was 12888 lots (+2709). The international market was volatile, and the freight rates were high. The FEI and CP discounts strengthened significantly. The port inventory decreased by 2.06%, the refinery output decreased by 1.68%, and the refinery inventory increased by 0.07%. The PDH - PP spot profit weakened, and the paper profit fluctuated. The production margins of alkylation oil and MTBE declined. The PDH plant operating rate was 76.33% (+2.49 pct), and the combustion demand was still weak but approaching the end [1]

4500 5500 6500 7500 8500 9500 01/01 02/01 03/01 04/01 05/01 06/01 07/01 08/01 09/01 10/01 11/01 12/01 72%FeSi：市场价：内蒙古（日） 2021 2022 2023 2024 2025 4000 5000 6000 7000 8000 9000 10000 01/01 02/01 03/01 04/01 05/01 06/01 07/01 08/01 09/01 10/01 11/01 12/01 72%FeSi：市场价：青海 2021 2022 2023 2024 2025 4000 5000 6000 7000 8000 9000 10000 01/01 02/01 03/01 04/01 05/01 06/01 07/01 08/01 09/01 10/01 11/01 12/01 72%FeSi：市场价：宁夏 2021 2022 2023 2024 2025 4500 5500 6500 7500 8500 9500 01/01 02/01 03/01 04/01 05/01 06/01 07/0 ...

焦炭日报 临汾出厂价 免责声明 吕梁出厂价 3900.00 3400.00 2900.00 2400.00 1900 日照港准一平仓 3500.00 3000.00 2500.00 2000.00 长治出厂价 3500.00 青岛港准一平仓 3500.00 3000.00 2500.00 2000.00 230家焦化产能利用率 230家焦炭产量 全样本焦化焦炭库存 95.00 70.00 250.00 90.00 200.00 65.00 85.00 60.00 150.00 80.00 75.00 55.00 100.00 70.00 50.00 50.00 65.00 60.00 45.00 0.00 1月 2月 3月 4月 5月 6月 7月 8月 9月 10月 11月 12月 1月 1月 2月 4月 5月 6月 7月 8月 9月 10月 11月 12月 1月 1月 2月 4月 5月 6月 7月 8月 9月 10月 11月 12月 1月 == =2021 == 2023 == 2024 == 2025 == 2021 === 2022 == 2023 == 2024 == 2025 247家高炉产能利用率 ...