成本端支撑减弱,长丝价格下滑 | 投研报告
Zhong Guo Neng Yuan Wang·2025-12-22 02:03

Group 1 - The price spread for domestic key refining projects this week is 2674 CNY/ton, an increase of 104 CNY/ton (up 4% week-on-week) [1][2] - The price spread for foreign key refining projects this week is 1305 CNY/ton, a decrease of 24 CNY/ton (down 2% week-on-week) [1][2] - The average price of PX this week is 838.6 USD/ton, an increase of 1.7 USD/ton week-on-week, with a price spread compared to crude oil of 400.0 USD/ton, an increase of 15.7 USD/ton week-on-week [2] Group 2 - In the polyester sector, the average prices for POY, FDY, and DTY are 6293, 6536, and 7686 CNY/ton respectively, with week-on-week changes of -111, -125, and -61 CNY/ton [2] - The weekly average profits for POY, FDY, and DTY are -58, -163, and +3 CNY/ton respectively, with week-on-week changes of -75, -85, and -42 CNY/ton [2] - The inventory levels for POY, FDY, and DTY are 19.0, 24.3, and 24.9 days respectively, with week-on-week increases of 2.3, 2.1, and 1.0 days [2] Group 3 - In the refining sector, domestic gasoline, diesel, and aviation fuel prices have decreased this week [2] - In the chemical sector, the PX operating rate is 89.2%, unchanged week-on-week [2] Group 4 - Relevant listed companies in the private refining and polyester filament sector include Hengli Petrochemical, Rongsheng Petrochemical, Hengyi Petrochemical, Tongkun Co., and Xin Fengming [3]

成本端支撑减弱,长丝价格下滑 | 投研报告 - Reportify