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新疆大厂增产,多晶硅新增交割品牌
Dong Zheng Qi Huo· 2025-12-07 10:13
[★Ta工bl业e_硅Summary] 根据铁合金在线,本周新疆增开 5 台、云南减少 2 台、四川下 降 14 台、内蒙增开 1 台。周末石河子启动重污染天气 II 级 (橙色)应急响应,关注后续影响。新疆大厂复产,有机硅和 出口需求弱于预期,导致更新平衡表后,12 月至明年一季度工 业硅也将单月累库 1-2 万吨,基本面情况不乐观。硅厂在盘面 高位时进行套保,当前库存压力不大,现货不愿低价出售。下 游在 8800 元/吨一线点价采购,周五期现出货情况尚好。 周度报告—工业硅/多晶硅 新疆大厂增产,多晶硅新增交割品牌 ★多晶硅 有 色 金 属 当前现货龙头一线厂家 N 型致密复投料价格维持 51-53 元/千 克以上,颗粒料维持 50-51 元/千克,东方希望 N 型致密 49-51 元/千克。12 月多晶硅排产预计 11.2 万吨,库存继续累积。终 端需求下行,中游环节降价减产,行业库存高企,多晶硅现货 价格想要逆势上涨几无可能,但在行业自律和平台收储的叙事 下,头部多晶硅企业仍在强势挺价撑市。上下游的割裂感日益 加剧,但考虑到平台公司仍有序推进,我们预期多晶硅现货价 格或仍以持平为主。12 月 5 日广 ...
一线饮料品牌释放“价格战”信号,2026饮料行业或将再迎来降价潮
Xin Lang Cai Jing· 2025-12-05 11:37
Core Insights - A leading beverage company in China has proactively lowered its growth target for 2026, indicating a significant reduction compared to its historical growth rates, while simultaneously pursuing aggressive expansion plans, suggesting the initiation of a "price war" [1][3] - Another major beverage player has announced a clear and aggressive strategy for the coming year, focusing on expanding market share through "internal competition" and seeking breakthroughs in new categories via price wars [1][3] Price War Dynamics - Historical trends show that when industry giants initiate internal competition, it often compels other players to follow suit, leading to a downward spiral into price wars [3] - The price decline in the beverage market has already begun to manifest, with average prices for sugar-free tea and "health water" dropping from approximately 5.6 yuan and 0.9 yuan per 100ml in 2023 to about 5.15 yuan and 0.86 yuan in 2025 [4][6] Pricing Strategies - New products in the health beverage category launched in the first half of the year have an average price of about 5 yuan per bottle, a 12% decrease from the 2024 average of 5.7 yuan [6] - Promotions such as "second bottle for 1 yuan" have led to actual transaction prices for health beverages dropping to between 3 and 5.5 yuan per bottle, representing a decline of over 40% [6] - The bottled water sector is also experiencing price reductions, with major brands like Nongfu Spring and Wahaha temporarily pausing before second-tier brands like Master Kong and Yili continue to push low-price strategies [8] Market Sentiment and Consumer Behavior - Distributors are feeling the impact of price reductions directly, with reports indicating that previously popular beverages priced at 6-8 yuan are now generally below 5 yuan [10] - The shift in pricing power from distributors to brand owners is evident, as brands are forced to lower prices to maintain market share and relationships with distributors amid high inventory levels [10][12] Promotional Tactics - Brands are employing sophisticated pricing strategies, including large packaging and "one yuan exchange" promotions, to capture market share without directly undermining existing price structures [12][15] - Some companies have officially announced price reductions by launching newly priced products, such as a major international cola brand introducing a 400ml product priced lower than its previous 500ml offerings [15] Industry Outlook - The signals from industry giants indicate that the beverage sector will become increasingly competitive in 2026, with price wars expected to be a primary battleground [16][20] - The ongoing price war is likely to impact all segments of the supply chain, including small brands, distributors, and consumers, with potential negative consequences for profit margins and product quality [20][22]
本周EG主港延续累库
Hua Tai Qi Huo· 2025-12-05 02:59
Report Industry Investment Rating - Unilateral: Neutral [3] Core Viewpoints - The main port of EG continued to accumulate inventory this week. The closing price of the EG main contract was 3826 yuan/ton, up 4 yuan/ton from the previous trading day, an increase of 0.10%. The spot price of EG in the East China market was 3813 yuan/ton, down 16 yuan/ton from the previous trading day, a decrease of 0.42%. The spot basis of EG in East China was -7 yuan/ton, down 9 yuan/ton month-on-month [1]. - The overall supply-demand logic of the fundamentals: On the supply side, the domestic ethylene glycol load decreased from a high level, and some short-process oil chemical plants had relatively high production pressure. On the demand side, the polyester load with low inventory provided good support, but the orders weakened marginally [2]. - The strategy is unilateral neutral. The commissioning pressure is relatively large, and with the increase in port inventory, the liquidity of goods in the market has increased. However, the price center of ethylene glycol has now fallen to the lowest level in the past two years, and recently, negative feedback from high-cost plants has gradually emerged, and the pressure of inventory accumulation has been alleviated [3]. Summary by Directory Price and Basis - The closing price of the EG main contract was 3826 yuan/ton, up 4 yuan/ton from the previous trading day, an increase of 0.10%. The spot price of EG in the East China market was 3813 yuan/ton, down 16 yuan/ton from the previous trading day, a decrease of 0.42%. The spot basis of EG in East China was -7 yuan/ton, down 9 yuan/ton month-on-month [1]. Production Profit and Operating Rate - According to Longzhong data, the production profit of ethylene-based EG was -71 US dollars/ton, down 6 US dollars/ton month-on-month, and the production profit of coal-based syngas EG was -1058 yuan/ton, down 38 yuan/ton month-on-month [1]. International Price Difference - No specific data was provided in the content. Downstream Sales, Production, and Operating Rate - The inventory of polyester was at a low level, and the polyester load provided good support, but the orders weakened marginally [2]. Inventory Data - According to CCF data, the inventory of MEG in the main port of East China was 75.3 tons, up 2.1 tons month-on-month; according to Longzhong data, the inventory of MEG in the main port of East China was 71.9 tons, up 1.1 tons month-on-month. The total planned arrivals at the main port of East China this week were 16.1 tons, and the arrivals at the secondary port were 4.1 tons, which were relatively high, and it is expected that the main port will continue to accumulate inventory [1].
焦煤:产地煤价降价范围扩大 蒙煤价格企稳 盘面低位震荡
Jin Tou Wang· 2025-12-05 02:07
【期现】 截至12月4日收盘,焦煤期货震荡反弹走势,以收盘价统计,焦煤主力2601合约+21.0(+1.96%)至 1091.5,焦煤远月2605合约+19.5(+1.67%)至1184.0,1-5价差走强至-92.5。S1.3G75山西主焦煤(介休)仓 单1300元/吨,环比+0.0元/吨,基差+208.5元/吨;S1.3G75主焦煤(蒙5)沙河驿仓单1205元/吨(对标),环 比+0.0元/吨,蒙5仓单基差+113.5元/吨。焦煤期货低位震荡,山西煤焦现货继续下跌,蒙煤现货报价企 稳。 【供给】 截至12月4日,全样本独立焦化厂焦炭日均产量64.5万吨/日,周环比+0.8万吨/日,247家钢厂焦炭日均 产量46.6万吨/日,周环比+0.3万吨/日,总产量为111.1万吨/日,周环比+1.1万吨/日。 截至12月4日,日均铁水产量232.30万吨/日,环比-2.38万吨/日;高炉开工率80.16%,环比-0.93%;高炉 炼铁产能利用率87.08%,环比-0.89%;钢厂盈利率36.36%,环比+1.3%。 【库存】 截至12月4日,焦煤总库存(矿山+洗煤厂+焦化厂+钢厂+16港+口岸)周环比+56.0至3 ...
Hovnanian Enterprises(HOV) - 2025 Q4 - Earnings Call Transcript
2025-12-04 17:00
Financial Data and Key Metrics Changes - Total revenues for Q4 2025 reached $818 million, a 17% decline year-over-year, primarily due to a 13% reduction in deliveries and the absence of a significant land sale from the previous year [6][18] - Adjusted gross margin was 16.3%, showing a year-over-year decline driven by higher incentives to support affordability, with incentives accounting for 12.2% of the average sales price [7][12] - Adjusted EBITDA for the quarter was $89 million, exceeding guidance, while adjusted pre-tax income was $49 million, close to the midpoint of guidance [5][6] - The company reported a total interest expense ratio increase compared to last year, mainly due to interest expensed immediately for large communities in planning [8] Business Line Data and Key Metrics Changes - The number of contracts in Q4 fell by 8% compared to last year, reflecting overall market conditions, with traffic per community increasing significantly in three of the four months [9][10] - Sales pace for each month in Q4 was lower than the same months last year, with contracts per community in Q4 2025 being 16% below levels seen during the 1997-2002 period [10][11] - Quick-moving homes (QMIs) comprised 73% of total sales in Q4, down from 79% in prior quarters, indicating a focus on aligning starts with sales pace [15] Market Data and Key Metrics Changes - The company ended Q4 with 156 communities open for sale, reflecting steady growth despite a challenging market [18] - The lot count decreased 14% year-over-year, with a disciplined land acquisition strategy leading to a reduction in controlled lots [19][20] - The company managed to increase net prices in 36% of communities during Q4, particularly in stronger markets like Delaware and New Jersey [16] Company Strategy and Development Direction - The company is focusing on sales pace over price, moving through lower margin lots to clear the balance sheet for new land acquisitions projected to carry higher margins [8][21] - A strategic decision was made to sell through lower margin lots to make room for new land acquisitions that meet internal return targets [21] - The company is actively working with land sellers to find mutually beneficial solutions in the current market [21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about performance bottoming out in the upcoming quarter, with expectations for gradual improvement in margins [35] - The company anticipates that gross margin percentage will bottom in Q1 of fiscal 2026 and gradually improve in subsequent quarters [25][34] - Management highlighted the importance of maintaining a robust inventory of QMIs to meet buyer needs while optimizing operational efficiency [15][22] Other Important Information - The company ended Q4 with $404 million in liquidity, well above targeted ranges, and completed significant refinancing, marking a milestone with nearly all debt now being unsecured [22][23] - Equity has grown by $1.3 billion, and debt has been reduced by $754 million, improving the net debt to capital ratio to 44.2% [24] Q&A Session Summary Question: Are there any actions being taken to offset pressure on gross margins? - The company has been re-bidding with suppliers and trade partners, achieving some cost reductions, and managing costs flat despite increases from tariffs [38] Question: When is an expected increase in gross margin anticipated? - The expected increase in gross margin is driven by a mix of working through older properties and bringing on newer deals identified in 2024 and 2025 [40]
Marriott Vacations Worldwide(VAC) - 2025 FY - Earnings Call Transcript
2025-12-04 15:45
Financial Data and Key Metrics Changes - The company is currently focused on improving execution and maximizing business potential, which is seen as low-hanging fruit for immediate improvement [8][11] - The management team emphasizes the importance of delivering results to enhance shareholder value, indicating that the stock is considered undervalued [49][50] Business Line Data and Key Metrics Changes - The sales division is viewed as having opportunities for improvement, but it is not considered to be in a critical state [13][14] - The company is reviewing its sales processes and the performance of its sales executives to enhance sales success [19] Market Data and Key Metrics Changes - The company acknowledges challenges in the rental market due to higher inventory and unsold maintenance fees, which are seen as headwinds [30] - The management is optimistic about new sales centers in Khao Lak and Waikiki, which are expected to drive new sales and engagement with the ownership base [30] Company Strategy and Development Direction - The interim CEO is focused on establishing clarity of mission, prioritizing resources, and making urgent decisions to improve operations [6][11] - The company is committed to exploring all strategic options, including potential changes to its business initiatives [11][12] Management's Comments on Operating Environment and Future Outlook - The management believes that the current economic environment is generally positive, which supports the resilience of the timeshare industry [44] - There is a focus on understanding the dynamics of owner sales and maximizing opportunities for repeat sales [18][19] Other Important Information - The company has a $3 billion loan book and is confident in its reserve levels, which have been adjusted based on portfolio performance [40][41] - The management team is actively engaged in addressing challenges and is committed to delivering value to shareholders [32][50] Q&A Session Summary Question: What are the key opportunities for improvement? - The management highlighted the need for better execution in sales and marketing as immediate opportunities [8][11] Question: How is the current state of the sales division? - The sales division is not in a critical state but has room for improvement [13][14] Question: What are the challenges in the rental market? - The management noted higher inventory and unsold maintenance fees as significant challenges [30] Question: How does the company view its stock valuation? - The management believes the stock is undervalued and is focused on delivering results to enhance shareholder value [49][50] Question: What is the outlook for the Maui market? - The recovery in Maui is described as uneven, with ongoing challenges, but the management remains optimistic about future growth [34][35]
Dollar(DG) - 2026 Q3 - Earnings Call Transcript
2025-12-04 15:00
Dollar General (NYSE:DG) Q3 2026 Earnings Call December 04, 2025 09:00 AM ET Speaker1Greetings and welcome to the Dollar General Q3 2025 earnings conference call. At this time, all participants are in listen-only mode. A question-and-answer session will follow the formal presentation. You may be placed into question queue at any time by pressing star one on your telephone keypad, and when you answer, you please limit yourselves to one question and then return to the queue. If anyone should require operator ...
甲醇聚烯烃早报-20251203
Yong An Qi Huo· 2025-12-03 02:32
伊朗装置开始停车,港口内地共振反弹,基差小幅走强,卸货慢,港口连续两周去库,浮仓很多,预计后期回归 累库,11月伊朗发 运110w,预计12-1月进口下降较难,盘面01给进口无风险套机会,认为01终点仍是高库存,偏向逢高 做15反套。 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,但我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。我们提供的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,您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,我司不承担任何责任。我司在为您提供服务时已最大程度避免与您产生利益冲突。未经我司授权,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,我司均不承担 任何责任。 塑 料 ...
广发期货《黑色》日报-20251202
Guang Fa Qi Huo· 2025-12-02 05:08
1. Report Industry Investment Rating No information provided in the report regarding industry investment ratings. 2. Core Views of the Report Steel Industry - Steel prices are expected to fluctuate within a certain range. The reference range for rebar is 3000 - 3200 yuan/ton, and for hot-rolled coils, it is 3250 - 3400 yuan/ton. Consider long rebar and short iron ore arbitrage operations for the January contract, as well as the convergence arbitrage of the spread between hot-rolled coils and rebar for the January contract [2]. Iron Ore Industry - Iron ore futures are expected to continue to fluctuate strongly, with an operating range of 750 - 820 [5][7]. Coke and Coking Coal Industry - Coke futures are expected to rebound in a single - sided fluctuation, with a reference range of 1550 - 1700. The recommended arbitrage strategy is a reverse spread between the January and May contracts. - Coking coal futures are also expected to rebound in a single - sided fluctuation, with a reference range of 1050 - 1150. The recommended arbitrage strategy is a reverse spread between the January and May contracts [8]. 3. Summary According to Relevant Catalogs Steel Industry Prices and Spreads - Rebar and hot - rolled coil spot and futures prices generally increased. For example, the rebar 05 contract rose from 3117 to 3167 yuan/ton, and the hot - rolled coil 05 contract rose from 3288 to 3320 yuan/ton. - Steel production costs and profits showed different changes. The cost of Jiangsu electric - arc furnace rebar increased by 12 yuan/ton, and the profit of East China hot - rolled coils increased by 19 yuan/ton [2]. Production and Inventory - The daily average pig iron output decreased by 0.7%, and the output of five major steel products increased by 0.7%. Rebar production decreased by 0.9%, while hot - rolled coil production increased by 0.9%. - The inventory of five major steel products decreased by 2.3%, the rebar inventory decreased by 4.0%, and the hot - rolled coil inventory decreased by 0.3% [2]. Demand - The building materials trading volume increased by 19.6%, but the apparent demand for five major steel products decreased by 0.7%, the apparent demand for rebar decreased by 1.2%, and the apparent demand for hot - rolled coils decreased by 1.3% [2]. Iron Ore Industry Prices and Spreads - The inventory cost of some iron ore varieties increased slightly, and the basis of some varieties changed. For example, the inventory cost of Carajás fines increased by 1.2%, and the 01 - contract basis of Carajás fines increased by 40.5% [5]. Supply and Demand - The weekly arrival volume at 45 ports decreased by 4.2%, the global weekly shipping volume increased by 1.4%, and the national monthly import volume decreased by 4.3%. - The demand indicators such as the daily average pig iron output of 247 steel mills decreased by 0.7%, and the monthly national pig iron and crude steel output also decreased [5]. Inventory - The 45 - port inventory increased by 0.7%, and the imported ore inventory of 247 steel mills decreased by 0.7% [5]. Coke and Coking Coal Industry Prices and Spreads - Coke and coking coal futures prices rebounded, while some spot prices decreased. For example, the coke 01 contract rose by 2.9%, and the coking coal 01 contract rose by 2.4%. The price of Shanxi quasi - first - grade wet - quenched coke (warehouse receipt) decreased by 3.04% [8]. Supply - Coke production increased slightly. The daily average output of all - sample coking plants increased by 1.7%, and the daily average output of 247 steel mills increased by 0.2%. - Some coal mines stopped production, with a total approved capacity of 540 million tons, and are expected to resume production after short - term rectification [8]. Demand - The pig iron output of 247 steel mills decreased by 0.7%, and the demand for coking coal and coke weakened to some extent [8]. Inventory - The total coke inventory increased by 0.5%, with coking plants and steel mills accumulating inventory and ports reducing inventory. - The overall coking coal inventory increased slightly, with coal washing plants, ports, and coking enterprises reducing inventory, and coal mines, ports of entry, and steel mills accumulating inventory [8].
甲醇聚烯烃早报-20251202
Yong An Qi Huo· 2025-12-02 01:14
Report Overview - Report Title: Methanol Polyolefin Morning Report - Report Date: December 2, 2025 - Research Team: Energy and Chemicals Team of the Research Center Industry Investment Rating - Not provided in the report Core Viewpoints - For methanol, with Iranian plants starting to shut down, the port and inland markets rebounded in resonance, the basis strengthened slightly, unloading was slow, the port has been destocking for two consecutive weeks with many floating storage, and it is expected to return to inventory accumulation later. The 01 contract on the futures market offers a risk - free arbitrage opportunity for imports, and it is believed that the 01 contract will end up with high inventory, so it is advisable to do a 1 - 5 reverse spread on rallies [3]. - For polyethylene, the inventory of Sinopec and PetroChina is neutral year - on - year. Upstream Sinopec and PetroChina and coal - chemical enterprises are destocking, social inventory is flat, downstream raw material and finished - product inventories are neutral. The overall inventory is neutral. The 09 contract basis is about - 110 in North China and - 50 in East China. The overseas markets in Europe, America and Southeast Asia are stable. The import profit is around - 200 with no further increase for now. The price of non - standard HD injection molding is stable, other price differentials are fluctuating, and LD is weakening. The domestic linear production has decreased recently. Attention should be paid to the LL - HD conversion and US quotes, as well as the new plant commissioning in 2025 [3]. - For PP, the upstream Sinopec and PetroChina and the middle - stream are destocking. In terms of valuation, the basis is - 60, the non - standard price differential is neutral, the import profit is around - 700, and the export situation has been good this year. The PDH profit is around - 400, propylene is fluctuating, and the powder production start - up rate is stable. The拉丝 production ratio is neutral. The subsequent supply is expected to increase slightly. The downstream orders are average currently, and the raw material and finished - product inventories are neutral. Under the background of over - capacity, the 01 contract is expected to face moderate to excessive pressure. If exports continue to increase or there are more PDH plant overhauls, the supply pressure can be alleviated to a neutral level [3]. - For PVC, the basis of the 01 contract is maintained at - 270, and the factory - pickup basis is - 480. The downstream operating rate is seasonally weakening, and the willingness to hold goods at low prices is strong. The inventories of middle and upstream enterprises are continuously accumulating. The summer maintenance of Northwest plants is seasonal, and the load center is between the spring maintenance and the high - production period in Q1. In Q4, attention should be paid to the commissioning and export sustainability. The recent export orders have declined slightly. The coal market sentiment is positive, the cost of semi - coke is stable, and the profit of calcium carbide is under pressure due to PVC overhauls. The FOB counter - offer for caustic soda exports is 380. The PVC comprehensive profit is - 100. Currently, the static inventory contradiction is accumulating slowly, the cost is stable, the downstream performance is mediocre, and the macro situation is neutral. Attention should be paid to exports, coal prices, commercial housing sales, terminal orders, and operating rates [3]. Data Summaries Methanol | Date |动力煤期货|江苏现货|华南现货|鲁南折盘面|西南折盘面|河北折盘面|西北折盘面|CFR中国|CFR东南亚|进口利润|主力基差|盘面MTO利润| | ---- | ---- | ---- | ---- | ---- | ---- | ---- | ---- | ---- | ---- | ---- | ---- | ---- | | 2025/11/25 | 801 | 2057 | 2030 | 2378 | 2412 | 2385 | 2588 | 240 | 317 | - 16 | - 15 | - | | 2025/11/26 | 801 | 2088 | 2048 | 2408 | 2415 | 2390 | 2590 | 243 | 317 | - 16 | - 5 | - | | 2025/11/27 | 801 | 2100 | 2073 | 2410 | 2410 | 2390 | 2590 | 247 | 317 | - 34 | - 11 | - | | 2025/11/28 | 801 | 2110 | 2080 | 2410 | 2410 | 2390 | 2593 | 247 | 317 | - 19 | - 20 | - | | 2025/12/01 | 801 | 2115 | 2085 | 2425 | 2410 | 2390 | 2595 | - | - | - | - 15 | - | |日度变化| 0 | 5 | 5 | 15 | 0 | 0 | 2 | - | - | - | 5 | - | [2] Polyethylene | Date |东北亚乙烯|华北LL|华东LL|华东LD|华东HD|LL美金|LL美湾|进口利润|主力期货|基差|两油库存|仓单| | ---- | ---- | ---- | ---- | ---- | ---- | ---- | ---- | ---- | ---- | ---- | ---- | ---- | | 2025/11/25 | 730 | 6740 | 6975 | 8850 | 7100 | 800 | 785 | 35 | 6762 | - 50 | 69 | 11701 | | 2025/11/26 | 730 | 6700 | 6975 | 8850 | 7050 | 795 | 785 | 85 | 6707 | - 30 | 66 | 11701 | | 2025/11/27 | 730 | 6680 | 6925 | 8800 | 7000 | 795 | 785 | 32 | 6699 | - 20 | 65 | 11701 | | 2025/11/28 | 740 | 6720 | 6950 | 8800 | 7000 | 795 | 785 | 62 | 6789 | - 30 | 65 | 11546 | | 2025/12/01 | - | 6730 | 6975 | 8725 | 7000 | - | - | - | 6803 | - 50 | - | 11481 | |日度变化| - | 10 | 25 | - 75 | 0 | - | - | - | 14 | - 20 | - | - 65 | [3] PP | Date |山东丙烯|东北亚丙烯|华东PP|华北PP|山东粉料|华东共聚|PP美金|PP美湾|出口利润|主力期货|基差|两油库存|仓单| | ---- | ---- | ---- | ---- | ---- | ---- | ---- | ---- | ---- | ---- | ---- | ---- | ---- | ---- | | 2025/11/25 | 5920 | 695 | 6270 | 6248 | 6160 | 6754 | 765 | 805 | - 5 | 6317 | - 100 | 69 | 15668 | | 2025/11/26 | 6050 | 695 | 6250 | 6213 | 6150 | 6744 | 760 | 830 | - 2 | 6265 | - 70 | 66 | 15518 | | 2025/11/27 | 6050 | 695 | 6205 | 6210 | 6150 | 6728 | 760 | 830 | - 1 | 6295 | - 70 | 65 | 15518 | | 2025/11/28 | 6000 | 695 | 6270 | 6220 | 6160 | 6710 | 765 | 830 | - 3 | 6409 | - 80 | 65 | 15866 | | 2025/12/01 | 5990 | 710 | 6330 | 6255 | 6190 | 6700 | - | - | - | 6397 | - 80 | - | 15801 | |日度变化| - 10 | 15 | 60 | 35 | 30 | - 10 | - | - | - | - 12 | 0 | - | - 65 | [3] PVC | Date |西北电石|山东烧碱|电石法 - 华东|乙烯法 - 华东|电石法 - 华南|电石法 - 西北|进口美金价(CFR中国)|出口利润|西北综合利润|华北综合利润|基差(高端交割品)| | ---- | ---- | ---- | ---- | ---- | ---- | ---- | ---- | ---- | ---- | ---- | ---- | | 2025/11/25 | 2450 | 777 | 4530 | - | - | 4180 | 690 | 415 | - | - | - 70 | | 2025/11/26 | 2450 | 777 | 4520 | - | - | 4180 | 640 | 336 | - | - | - 70 | | 2025/11/27 | 2450 | 767 | 4530 | - | - | 4180 | 640 | 336 | - | - | - 70 | | 2025/11/28 | 2500 | 767 | 4560 | - | - | 4180 | 640 | - | - | - | - 70 | | 2025/12/01 | 2500 | 742 | 4570 | - | - | 4180 | - | - | - | - | - 70 | |日度变化| 0 | - 25 | 10 | - | - | 0 | - | - | - | - | 0 | [3]