每经AI快讯，1月27日，部分夜盘期货收盘，沥青连续涨1.49%，焦炭连续跌1.30%，焦煤连续跌 1.20%，短纤连续跌1.07%，液化石油气连续跌1.05%。 每日经济新闻 （责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com ...

Report Summary 1. Report Information - Research Variety: Urea [1] - Report Cycle: Weekly report - Date of Completion: January 23, 2026 [1] 2. Core Viewpoints - The current futures price of urea is supported by inventory reduction and demand recovery, but the high supply and the expansion of futures premium may lead to basis repair pressure [6]. - It is necessary to track whether the enterprise inventory can continue to decline, whether the port inventory starts to be destocked, whether the compound fertilizer operation rate can break through 45%, the agricultural fertilizer procurement rhythm, the expectation of new export quota release, and the transmission of international urea price fluctuations to the domestic market [6]. 3. Section Summaries 3.1 Futures Market - This week, the main contract of urea futures showed a high - level volatile trend, with the futures premium continuously expanding. The market maintained range - bound fluctuations in the game between high supply and demand recovery. Short - term attention should be paid to the sustainability of inventory destocking and export policy dynamics [2]. 3.2 Influencing Factors - Supply side: The industry operating rate is 86.39%, with a daily output of 205,100 tons, at a high level in recent years. The resumption of gas - based and technical renovation devices has increased supply, suppressing the upward space of futures prices [4]. - Inventory: The total enterprise inventory is 946,000 tons, a weekly decrease of 40,100 tons, and the port inventory is 121,000 tons, remaining unchanged. The inventory destocking trend alleviates market concerns about oversupply [4]. - Demand side: The compound fertilizer operating rate is 42.96% (+2.88%), and the melamine operating rate is 63.65% (+1.47%), providing rigid support for industrial demand. In the agricultural sector, the procurement of winter and spring fertilizers has started, and some areas have followed up with off - season storage replenishment [4][5]. - Export: In December 2025, the export volume was 489,350 tons, and the export profit remained high. However, there is no news of new export quotas, and the actual export increment is limited [5]. 3.3 Market Outlook - The current futures price is supported by inventory destocking and demand recovery, but high supply and the expansion of futures premium may cause basis repair pressure. Key factors to track include inventory trends, compound fertilizer operation rate, agricultural procurement rhythm, export quota expectations, and international price transmissions [6].

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - The domestic futures market on January 22nd had more declining contracts than rising ones. Platinum dropped over 4%, PTA over 3%, and other commodities also had significant drops. On the upside, silver rose over 7%, and palm oil over 2%. Different futures contracts showed various price trends and capital flows, and each commodity had its own supply - demand and market - influencing factors [5][7]. 3. Summary by Commodity Copper - The Shanghai copper futures opened high and closed low. The exchange adjusted the price limit and margin ratio. Supply was affected by a strike at a Chilean copper mine, and TC/RC fees were weak. The expected domestic electrolytic copper production in January decreased month - on - month but increased year - on - year. Demand was affected by the approaching Spring Festival and high copper prices. The C - L spread was converging, and the overall supply might improve marginally. In the short term, copper prices were expected to fluctuate at a high level, and there was a possibility of a cooling market in the second half of the year [9]. Lithium Carbonate - Lithium carbonate opened low and closed high. The average price of battery - grade and industrial - grade lithium carbonate decreased. The production rate was high, and the inventory was decreasing. The export tax - rebate policy for batteries was adjusted, and the demand for batteries was strong. After a period of shock adjustment, the price was expected to be strong, but caution was needed due to high volatility [12]. Crude Oil - OPEC+ decided to maintain the production plan. The US crude oil inventory increased, and the demand was in the off - season. The US called for an increase in global oil production. The demand concern was alleviated, but the global crude oil floating storage was high, and the supply was in surplus. Geopolitical risks in Iran and other regions increased, and the price was expected to fluctuate [13][14]. Asphalt - The asphalt production rate decreased, and the expected production in January 2026 decreased both month - on - month and year - on - year. The downstream industry's production rate mostly declined, and the inventory rate decreased slightly. The supply of Venezuelan heavy oil was restricted, which affected domestic asphalt production. It was recommended to use the reverse arbitrage strategy before March [15][17]. PP - The downstream PP production rate increased slightly, and the enterprise production rate decreased. The petrochemical inventory was at a low level. The cost was affected by the rising oil price. The PP price was expected to be strong in the short term, but the sustainability of the rebound was questionable. The L - PP spread was expected to decline [18]. Plastic - The plastic production rate decreased, and the downstream production rate was at a low level. The petrochemical inventory was low. New production capacity was put into operation. The price was expected to be strong in the short term, and the L - PP spread was expected to decline [19][20]. PVC - The PVC production rate decreased slightly, and the downstream production rate increased. The export orders increased due to the export tax - rebate policy. The social inventory was high, and the real - estate market was still in adjustment. The PVC price had limited upward momentum [21]. Coking Coal - Coking coal opened high and closed low. The Mongolian coal customs clearance was high, and the domestic production increased. The inventory of coking coal mines and downstream enterprises increased, and the winter - storage replenishment slowed down. The coking coal price was expected to be weak in the short term [22][23]. Urea - Urea opened low and closed high. The spot price was stable with a slight increase. The supply pressure increased as gas - based plants resumed production. The compound fertilizer factory's production rate increased, but the downstream demand was insufficient. The inventory was decreasing, and the price was expected to fluctuate at a high level [24].

发布日期：2026 年 1 月 27 日 一、市场行情回顾 1，期货市场：纯碱主力低开低走，日内震荡偏弱。120 分钟布林带三轨缩 口，短期震荡信号，盘中压力关注日线的 60 均线附近，支撑关注布林带中轨线 附近。成交量较昨日减 40.4 万手，持仓量较昨日增 2939 手；日内最高 1206， 最低 1188，收盘 1194，（较昨结算价）跌 3 元/吨，跌幅 0.25%。 2，现货市场：淡稳调整。企业装置稳定运行，综合供应维持高位。下游需 求表现平平，采购氛围不佳，维持低价刚需补库。 3，基差：华北重碱现货价格 1250，基差 56 元/吨。 二、基本面数据 【冠通期货研究报告】 供应方面，截止 1 月 22 日，国内纯碱产量 77.17 万吨，环比下跌 0.36 万 吨，跌幅 0.46%。其中，轻碱产量 35.88 万吨，环比下跌 0.27 万吨；重碱产量 41.29 万吨，环比下跌 0.09 万吨。综合产能利用率 86.42%，上周 86.82%，环比 下降 0.40%。其中氨碱产能利用率 87.69%，环比下降 2.27%；联产产能利用率 77.99%，环比下降 0.89%。15 家年产能百万吨及以 ...

金 信 期 货 P T A 乙 二 醇 日 刊 本刊由金信期货研究院撰写 2 0 2 6 / 0 1 / 2 7 GOLDTRUST FUTURES CO.，LTD PTA 主力合约：1月27日PTA主力期货合约TA605今天下跌3.17%，基差走弱至-84元/吨。 GOLDTRUST FUTURES 数据来源：公开资料、Mysteel、金信期货 观点仅供参考，市场有风险，入市需谨慎 ibaotu.com 日度市场情况 基本面：今日PTA华东地区市场价5220元/吨，较前一交易日下跌130元/吨。成本端布伦特原油在65美元/桶附近；PTA产能利用率较上 一工作日持平至75.83%；周度PTA工厂库存天数3.62天，较上周持平。 主力动向：空头主力减仓 感谢您下载包图网平台上提供的PPT作品，为了您和包图网以及原创作者的利益，请勿复制、传播、销售，否则将承担法律责任！包图网将对作品进行维权，按照传播下载次数进行十倍的索取赔偿！ 走势预期：当前PTA加工费高位但PTA装置暂无进一步提升负荷的计划。终端织造库存累积；关注聚酯工厂节前提前放假情况，预计 春节前终端需求将转弱，当前原料涨价过快与节前避险心态形成矛盾，短 ...

1. Report Industry Investment Rating - No relevant information provided 2. Core Views - For alumina, the fundamentals are in a stage of excessive supply and stable demand. It is recommended to go long on dips with a light position, paying attention to controlling the rhythm and trading risks [2] - For electrolytic aluminum, the fundamentals are in a stage of stable supply and cautious demand. The aluminum price remains high due to macro - expectations. It is recommended to go long on dips with a light position, paying attention to controlling the rhythm and trading risks [2] - For cast aluminum alloy, the fundamentals are in a stage of sufficient supply and weak demand. The cast aluminum price remains high and volatile due to cost support. It is recommended to go long on dips with a light position, paying attention to controlling the rhythm and trading risks [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - **Prices**: The closing price of the main Shanghai aluminum contract is 24,305.00 yuan/ton, up 90.00 yuan; the closing price of the main alumina futures contract is 2,734.00 yuan/ton, up 2.00 yuan [2] - **Spreads**: The spread between the main and the second - consecutive contracts of Shanghai aluminum is - 130.00 yuan/ton, up 25.00 yuan; that of alumina is - 146.00 yuan/ton, down 8.00 yuan [2] - **Positions**: The position of the main Shanghai aluminum contract is 311,897.00 hands, down 10,190.00 hands; that of the alumina main contract is 481,235.00 hands [2] - **LME Quotes**: The three - month LME electrolytic aluminum quote is 3,188.50 US dollars/ton, up 15.00 US dollars; LME aluminum inventory is 505,275.00 tons [2] - **Other Indicators**: The net position of the top 20 in Shanghai aluminum is - 63,980.00 hands, up 2,585.00 hands; the Shanghai - London ratio is 7.62, down 0.01 [2] 3.2 Spot Market - **Aluminum Spot Prices**: The price of Shanghai Non - ferrous A00 aluminum is 23,870.00 yuan/ton, down 160.00 yuan; the price of Yangtze River Non - ferrous Market AOO aluminum is 23,990.00 yuan/ton, down 160.00 yuan [2] - **Alumina Spot Price**: The spot price of alumina in Shanghai Non - ferrous is 2,555.00 yuan/ton, unchanged [2] - **Premiums and Discounts**: The Shanghai Wumao aluminum premium/discount is - 190.00 yuan/ton, down 10.00 yuan; the LME aluminum premium/discount is - 7.31 US dollars/ton, down 3.56 US dollars [2] - **Basis**: The basis of alumina is - 179.00 yuan/ton, down 2.00 yuan; the basis of electrolytic aluminum is - 435.00 yuan, down 250.00 yuan [2] 3.3 Upstream Situation - **Alumina Production and Demand**: Alumina production is 801.08 million tons, down 12.72 million tons; the demand for alumina (electrolytic aluminum part) is 731.29 million tons, up 25.33 million tons; the supply - demand balance of alumina is 28.90 million tons, up 2.32 million tons [2] - **Aluminum Scrap Trade**: The average price of crushed raw aluminum in Foshan metal waste is 18,650.00 yuan/ton, unchanged; China's import of aluminum scrap is 194,102.07 tons, up 31,482.14 tons; the export is 70.80 tons, down 0.73 tons [2] - **Alumina Trade**: Alumina exports are 21.00 million tons, up 4.00 million tons; imports are 22.78 million tons, down 0.46 million tons [2] 3.4 Industry Situation - **Electrolytic Aluminum**: The import of primary aluminum is 189,196.58 tons, up 43,086.86 tons; the export is 37,575.30 tons, down 15,472.39 tons; the total production capacity of electrolytic aluminum is 4,536.20 million tons, up 12.00 million tons; the operating rate is 98.31%, up 0.10% [2] - **Aluminum Products**: Aluminum product production is 613.56 million tons, up 20.46 million tons; the export of unwrought aluminum and aluminum products is 54.00 million tons, down 3.00 million tons [2] - **Recycled Aluminum Alloy**: The production of recycled aluminum alloy ingots is 68.40 million tons, down 1.60 million tons; the export of aluminum alloy is 2.55 million tons, down 0.51 million tons [2] 3.5 Downstream and Application - **Automobile Production**: Automobile production is 341.15 million vehicles, down 10.75 million vehicles [2] - **Real Estate**: The national real estate prosperity index is 91.45, down 0.44 [2] 3.6 Option Situation - **Volatility**: The 20 - day historical volatility of Shanghai aluminum is 23.56%, down 0.01%; the 40 - day historical volatility is 18.88%, down 0.01% [2] - **Implied Volatility and Ratio**: The implied volatility of the at - the - money option of the Shanghai aluminum main contract is 22.86%, down 0.0111%; the call - put ratio of Shanghai aluminum options is 2.06, up 0.3464 [2] 3.7 Industry News - As of the end of 2025, the number of new energy vehicles in China reached 43.97 million, accounting for 12.01% of the total number of vehicles. In 2025, 12.93 million new energy vehicles were newly registered, accounting for 49.38% of the newly registered vehicles, a year - on - year increase of 14.93% [2] - Policies to cultivate new growth points in service consumption will be introduced soon, including measures to expand inbound consumption, build national digital trade demonstration zones, and promote consumption of large - scale durable goods [2] - Exchanges took measures to cool down the commodity futures market. The daily opening position limits of silver and tin futures contracts were lowered, and the price limit ranges and margin ratios of copper, international copper, and aluminum futures contracts were adjusted [2] - The People's Bank of China emphasized expanding the scope of macro - prudential policies and maintaining financial stability [2] - The US threatened to impose a 100% tariff on Canadian imports if Canada reaches a new trade agreement with China. China stated that China - Canada cooperation does not target any third - party [2]

Group 1: Report's Industry Investment Rating - All three commodities (cotton, sugar, and pulp) are rated neutral [3][5][6] Group 2: Report's Core Views - The cotton market is in a narrow - range oscillation, waiting for policy drivers. The global cotton supply - demand pattern is still loose in the short - term, but the US cotton is in a low - valuation range. The domestic cotton market has increased production and consumption, with a possible tight inventory at the end of the year [1][2] - The sugar market has a short - term tight trade flow in the first quarter, which may support the price. In the second quarter, the supply will be more abundant. In the long - term, the sugar price is not overly pessimistic. The domestic sugar is in the inventory accumulation stage with limited downward space [3][4] - The pulp market has continuous overseas supply disturbances and rising foreign quotes, but the domestic fundamentals have not improved significantly, and the pulp price is expected to continue to oscillate at a low level [5][6] Group 3: Cotton Summary Market News and Important Data - The closing price of cotton 2605 contract was 14,650 yuan/ton, down 45 yuan/ton (-0.31%) from the previous day. The Xinjiang arrival price of 3128B cotton was 15,717 yuan/ton, up 122 yuan/ton, and the national average price was 15,995 yuan/ton, up 125 yuan/ton [1] - In December 2025, the export volume of cotton yarn was 25,500 tons, a month - on - month increase of 1.33% and a year - on - year decrease of 20.78%. The export amount was 98 million US dollars, a month - on - month increase of 2.45% and a year - on - year decrease of 20.42%. From January to December 2025, the cumulative export volume of cotton yarn was 332,200 tons, a year - on - year increase of 9.48%, and the export amount was 1.262 billion US dollars, a year - on - year increase of 4.23% [1] Market Analysis - The Zhengzhou cotton futures price oscillated and closed down. The global cotton supply - demand pattern is still loose in the short - term, and the US cotton export signing progress is slow. In the long - term, the US cotton is in a low - valuation range. The domestic cotton production has increased significantly, and the commercial inventory has increased seasonally. Although the downstream yarn spindle capacity has expanded, the new orders have decreased, and the finished product inventory is at a relatively high level [2] Strategy - The short - term pre - holiday stocking still supports the cotton price, but the domestic market faces downstream transmission pressure and internal - external price difference pressure. It is expected to oscillate strongly. The medium - and long - term trend depends on the implementation of target price policy and area - reduction policy [3] Group 4: Sugar Summary Market News and Important Data - The closing price of sugar 2605 contract was 5,172 yuan/ton, down 8 yuan/ton (-0.15%) from the previous day. The spot price of sugar in Nanning, Guangxi was 5,270 yuan/ton, down 10 yuan/ton, and in Kunming, Yunnan was 5,165 yuan/ton, down 5 yuan/ton [3] - As of January 24, 2025/26 sugar - crushing season, 41 sugar mills in Punjab, Pakistan were in operation, with a cumulative crushing of 24.89 million tons of sugarcane and a production of 2.329 million tons of refined sugar, an increase of 266,000 tons compared with the same period of the previous season. The paid sugarcane payment reached 92.57% of the total payable amount, higher than 87.81% in the same period of the previous season [3] Market Analysis - The Zhengzhou sugar futures price was in a narrow - range consolidation. The Brazilian sugar inventory is decreasing, and the short - term export in the Northern Hemisphere is restricted, which may support the raw sugar price in the first quarter. In the second quarter, the supply will be more abundant. In the long - term, the sugar price is not overly pessimistic. The domestic sugar is in the inventory accumulation stage with limited downward space [4] Strategy - The short - and medium - term sugar price should be treated with an oscillation - bottoming - building idea, and attention should be paid to macro - sentiment and capital disturbances [3] Group 5: Pulp Summary Market News and Important Data - The closing price of pulp 2605 contract was 5,374 yuan/ton, down 24 yuan/ton (-0.44%) from the previous day. The spot price of Chilean Silver Star softwood pulp in Shandong was 5,400 yuan/ton, down 10 yuan/ton, and the spot price of Russian softwood pulp was 4,975 yuan/ton, down 25 yuan/ton [5] - The import pulp spot market price showed a downward trend. The prices of some grades in different regions decreased to varying degrees [5] Market Analysis - The pulp futures price was weakly consolidated. The overseas pulp mills' shutdown and maintenance news and the increase in foreign quotes promoted the pulp price rebound, but the global wood pulp inventory is still accumulating. The European port pulp inventory decreased in November, but the domestic terminal demand is insufficient, and the port inventory is at a historical high [6] Strategy - Although there are continuous overseas supply disturbances and rising foreign quotes, the domestic fundamentals have not improved significantly, and the pulp price is expected to continue to oscillate at a low level [6]

1. Report Industry Investment Rating - The investment rating for the industry is "Neutral" [3] 2. Core View of the Report - The prices of the three major oils and fats fluctuated yesterday. Despite the good soybean production, the China - Canada talks have not released the relevant result documents on rapeseed trade. Coupled with the tense situation in the Middle East, the rising crude oil prices, and the production reduction in palm oil producing areas, the prices of oils and fats fluctuated upwards [3] 3. Summary by Related Catalogs Futures and Spot Prices - Futures: The closing price of the palm oil 2605 contract was 9092.00 yuan/ton, with a环比 change of +182 yuan and a 幅度 of +2.04%; the closing price of the soybean oil 2605 contract was 8226.00 yuan/ton, with a 环比 change of +132.00 yuan and a 幅度 of +1.63%; the closing price of the rapeseed oil 2605 contract was 9345.00 yuan/ton, with a 环比 change of +354.00 yuan and a 幅度 of +3.94% [1] - Spot: In the Guangdong region, the spot price of palm oil was 9060.00 yuan/ton, with a 环比 change of +180.00 yuan and a 幅度 of +2.03%, and the spot basis was P05 - 32.00, with a 环比 change of -2.00 yuan; in the Tianjin region, the spot price of first - grade soybean oil was 8520.00 yuan/ton, with a 环比 change of +100.00 yuan/ton and a 幅度 of +1.19%, and the spot basis was Y05 + 294.00, with a 环比 change of -32.00 yuan; in the Jiangsu region, the spot price of fourth - grade rapeseed oil was 10180.00 yuan/ton, with a 环比 change of +360.00 yuan and a 幅度 of +3.67%, and the spot basis was OI05 + 835.00, with a 环比 change of +6.00 yuan [1] Market Information - As of January 23, 2026 (Week 4), the commercial inventory of palm oil in key regions across the country was 74.23 tons, a 环比 decrease of 0.38 tons and a decrease 幅度 of 0.51%, and a 同比 increase of 27.38 tons and an increase 幅度 of 58.44% compared with 46.85 tons last year [2] - The C&F price of Argentine soybean oil (February shipment) was 1227 US dollars/ton, a decrease of 3 US dollars/ton compared with the previous trading day; the C&F price of Argentine soybean oil (April shipment) was 1147 US dollars/ton, an increase of 3 US dollars/ton compared with the previous trading day [2] - The C&F quotation of imported rapeseed oil: The C&F price of Canadian rapeseed oil (February shipment) was 1040 US dollars/ton, an increase of 10 US dollars/ton compared with the previous trading day; the C&F price of Canadian rapeseed oil (April shipment) was 1020 US dollars/ton, an increase of 10 US dollars/ton compared with the previous trading day [2] - The C&F price of Canadian rapeseed (March shipment) was 545 US dollars/ton, an increase of 7 US dollars/ton compared with the previous trading day; the C&F price of Canadian rapeseed (May shipment) was 553 US dollars/ton, an increase of 7 US dollars/ton compared with the previous trading day [2] - The C&F price of US Gulf soybeans (February shipment) was 479 US dollars/ton, an increase of 2 US dollars/ton compared with the previous trading day; the C&F price of US West soybeans (February shipment) was 473 US dollars/ton, an increase of 2 US dollars/ton compared with the previous trading day; the C&F price of Brazilian soybeans (February shipment) was 451 US dollars/ton, an increase of 3 US dollars/ton compared with the previous trading day [2] - The import soybean premium quotes: The premium of the Gulf of Mexico (February shipment) was 235 cents/bushel, unchanged compared with the previous trading day; the premium of the US West Coast (February shipment) was 220 cents/bushel, unchanged compared with the previous trading day; the premium of Brazilian ports (February shipment) was 160 cents/bushel, an increase of 4 cents/bushel compared with the previous trading day [2] - According to Malaysia's independent inspection agency AmSpec, the export volume of Malaysian palm oil from January 1 - 25 was 1099033 tons, a 7.97% increase compared with the export volume of 1017897 tons in the same period last month [2] - According to the data released by the Malaysian Palm Oil Association (MPOA), the estimated production of Malaysian palm oil from January 1 - 20 decreased by 14.43%, among which the production in the Malay Peninsula decreased by 14.29%, the production in Sabah decreased by 11.12%, the production in Sarawak decreased by 23.21%, and the production in Borneo decreased by 14.6% [2]

油料日报 | 2026-01-27 豆一节前偏稳，花生供需胶着 大豆观点 市场分析 期货方面，昨日收盘豆一2605合约4384.00元/吨，较前日变化+20.00元/吨，幅度+0.46%。现货方面，食用豆现货基 差A05+56，较前日变化-20，幅度32.14%。 市场资讯汇总：昨日东北大豆现货价格整体持稳。从市场结构来看，不同品质货源价格呈现分化，其中低端价格 略有抬升，高端价格则小幅回落，整体在多空力量相持下保持稳定。目前下游需求相对清淡，导致产区大豆走货 节奏依然偏缓。现货方面：黑龙江哈尔滨市场国标一等蛋白39%蛋白中粒塔粮装车报价2.22元/斤；黑龙江双鸭山 宝清市场国标一等蛋白39%蛋白中粒塔粮装车报价2.20元/斤；黑龙江佳木斯富锦市场国标一等蛋白39%蛋白中粒塔 粮装车报价2.20元/斤；黑龙江齐齐哈尔讷河市场国标一等蛋白41%蛋白中粒塔粮装车报价2.33元/斤；黑龙江黑河 嫩江市场国标一等蛋白41%蛋白中粒塔粮装车报价2.35元/斤；黑龙江绥化海伦市场国标一等蛋白41%蛋白中粒塔粮 装车报价2.30元/斤。 昨日豆一期货主力合约价格冲高回落。南方市场因东北大豆价格偏高，部分需求开始转向本地货源 ...

聚烯烃日报 | 2026-01-27 成本端与宏观面提振，盘面延续上行 市场要闻与重要数据 价格与基差方面，L主力合约收盘价为6935元/吨（+70），PP主力合约收盘价为6737元/吨（+81），LL华北现货为6800 元/吨（+70），LL华东现货为6900元/吨（+100），PP华东现货为6520元/吨（+70），LL华北基差为-135元/吨（+0）， LL华东基差为-35元/吨（+30）， PP华东基差为-217元/吨（-11）。 上游供应方面，PE开工率为84.7%（+3.1%），PP开工率为76.0%（+0.4%）。 生产利润方面，PE油制生产利润为104.2元/吨（-23.2），PP油制生产利润为-485.8元/吨（-23.2），PDH制PP生产利 润为-715.8元/吨（+59.7）。 进出口方面，LL进口利润为267.9元/吨（+111.0），PP进口利润为-375.9元/吨（+30.6），PP出口利润为-56.8美元/吨 （-3.9）。 下游需求方面，PE下游农膜开工率为36.3%（-0.6%），PE下游包装膜开工率为45.0%（-3.2%），PP下游塑编开工率 为42.0%（-0.6%） ...