建信期货聚烯烃日报-20260106

Group 1: Report Overview - Report Name: Polyolefin Daily Report [1] - Date: January 6, 2026 [2] - Research Team: Energy and Chemical Research Team [4] Group 2: Investment Rating - No investment rating information provided Group 3: Core View - Geopolitical conflicts stimulate risk - aversion, but the increase in Venezuelan crude oil production will put long - term pressure on the crude oil fundamentals. The plasticizing sector rose in the morning and fell in the afternoon. The supply pressure of polyolefin has increased, and the demand is in the seasonal off - season. Considering the oversupply in the crude oil market and the inventory digestion cycle, the rebound should be treated bearishly [6] Group 4: Market Quotes - Futures market quotes: For plastics, L2601 closed at 6240 yuan/ton, down 1.72%; L2605 closed at 6449 yuan/ton, down 0.32%; L2609 closed at 6496 yuan/ton, down 0.14%. For PP, PP2601 closed at 6150 yuan/ton, down 0.74%; PP2605 closed at 6330 yuan/ton, down 0.24%; PP2609 closed at 6355 yuan/ton, down 0.20% [5] Group 5: Industry News - On January 5, 2026, the inventory of major producers was 690,000 tons, a decrease of 20,000 tons (2.82%) from the previous working day. The inventory in the same period last year was 590,000 tons - PE market prices partially declined. LLDPE prices in North China were in the range of 6300 - 6500 yuan/ton, in East China 6380 - 6800 yuan/ton, and in South China 6500 - 6800 yuan/ton - The mainstream price of propylene in the Shandong market was temporarily 5730 - 5820 yuan/ton, up 45 yuan/ton from the previous working day. The demand for propylene was good, and the market trading atmosphere was positive - The PP market showed a slight increase. The mainstream prices of North China wire drawing were 6080 - 6200 yuan/ton, in East China 6150 - 6350 yuan/ton, and in South China 6140 - 6400 yuan/ton [7] Group 6: Data Overview - The report includes figures such as L basis, PP basis, L - PP spread, crude oil futures main contract settlement price, two - oil inventory and its year - on - year change, with data sources from Wind and Zhuochuang Information [9][12][17]