Gasoil月差结构(美元/吨) 50 25 40 20 15 10 5 0 0 -10 r -20 -10 -30 -15 202502 202505 2025 3DSCO2 1500 205504 707585 MI-M6 - M1-M6 - 41-M2 MI-M9 M1-M2 - - M1-M3 - - M1-M9 M1-M3 321裂解价差(美元/桶) 532裂解价差 (美元/桶) 70.00 70.00 60.00 60.00 50.00 50.00 40.00 40.00 30.00 30.00 20.00 20.00 10.00 10.00 000 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 2月 3月 4月 5月 6月 7月 8月 9月 10月 11月 12月 - 2025 -2022 -- 2023 -- 2024 -- 2024 -- 2024 -- -2021 - -2022 -- 2023 -- 2024 -- 202 -2021 - - 2025 亚洲石脑油裂解 (美元/桶) | 美国汽油裂解 (美元/桶) 20.00 70.00 1 ...

聚烯烃产业期现日报 投资咨询业务资格:证监许可【2011】1292号 2025年5月20日 张晓珍 Z0003135 PE PP价格及价差 | 品种 | 5月19日 | 5月16日 | 涨跌 | 涨跌幅 | 单位 | | --- | --- | --- | --- | --- | --- | | L2505 收盘价 | 7330 | 7520 | -190 | -2.53% | | | L2509 收盘价 | 7238 | 7236 | 2 | 0.03% | | | PP2505 收盘价 | 7137 | 7248 | -111 | -1.53% | | | PP2509 收盘价 | 7078 | 7093 | -15 | -0.21% | | | L2505-2509 | 92 | 284 | -192 | -67.61% | | | PP2505-2509 | 59 | 155 | -96 | -61.94% | 元/吨 | | 华东PP拉丝现货 | 7160 | 7170 | -10 | -0.14% | | | 华北LLDPE膜料现货 | 7300 | 7300 | 0 | 0.00% | | | ...

立期现日报 投资咨询业务资格:证监许可【2011】12925 2025年5月16日 我就必 Z0019144 | PVC、烧碱现货&期货 | | | --- | --- | | 品种 | 5月15日 | | 山东32%液碱折百价 | 2593.8 | | 山东50%液碱折百价 | 2760.0 | | 华东电石法PVC市场价 | 4880.0 | | 华东乙烯法PVC市场价 | 5100.0 | | SH2505 | 2535.0 | | SH2509 | 2567.0 | | SH基差 | 58.8 | | CHOCAL SEDO | 000 | | SH星差 | 58.8 | 224.8 | -166.0 | -73.9% | | --- | --- | --- | --- | --- | | SH2505-2509 | -32.0 | -161.0 | 129.0 | 80.1% | | V2505 | 4899.0 | 4860.0 | 39.0 | 0.8% | | V2509 | 5041.0 | 4986.0 | 55.0 | 1.1% | | V基差 | -19.0 | -80.0 | 61. ...

苯乙烯日报 | 2025-05-16 港口基差回落 苯乙烯观点 市场要闻与重要数据 纯苯方面：纯苯港口库存12.30万吨（+0.30万吨）；纯苯CFR中国加工费186美元/吨（+12美元/吨），纯苯FOB韩国 加工费174美元/吨（+17美元/吨），纯苯美韩价差31.7美元/吨（-22.0美元/吨），仍处于关闭状态。华东纯苯现货-M2 价差-15元/吨（+20元/吨）。 苯乙烯方面：苯乙烯主力基差251元/吨（+7元/吨）；苯乙烯非一体化生产利润331元/吨（-27元/吨），预期逐步压缩。 苯乙烯华东港口库存56700吨（-11800吨），苯乙烯华东商业库存44900吨（-8600吨），处于库存回建阶段。苯乙烯 开工率71.3%（-0.9%）。 下游硬胶方面：EPS生产利润240元/吨（+0元/吨），PS生产利润-210元/吨（-100元/吨），ABS生产利润363元/吨（+747 元/吨）。EPS开工率62.34%（+14.96%），PS开工率57.10%（+0.80%），ABS开工率67.39%（-1.61%），下游开工季 节性低位。 市场分析 苯乙烯方面，恒力苯乙烯装置故障，后续仍有浙石化检修，本周苯乙 ...

IL期现日报 投资咨询业务资格:证监许可【2011】1292号 2025年5月15日 Z0020680 苗扬 期货收盘价 | 品种 | 5月14日 | 5月13日 | 涨跌 | 涨跌幅 | 单位 | | --- | --- | --- | --- | --- | --- | | 01合约 | 1814 | 1798 | 16 | 0.89% | 元/吨 | | 05合约 | 1900 | 1930 | -30 | -1.55% | | | 09合约 | 1886 | 1897 | =11 | -0.58% | | | 甲醇主力合约 Hm = A / L / A 3 / | 2365 | 2291 | 74 | 3.23% | | 期货合约价差 | 价差 | 5月14日 | 5月13日 | 涨跌 | 涨跌幅 | 单位 | | --- | --- | --- | --- | --- | --- | | 01合约-05合约 | -86 | -132 | 46 | 34.85% | | | 05合约-09合约 | 14 | 33 | -19 | -57.58% | | | 09合约-01合约 | 72 | дд | ...

1. Report Industry Investment Ratings No industry investment ratings are provided in the reports. 2. Core Views Urea - Despite high daily production, short - term maintenance led to a decline in daily output. The new export policy allows the release of supportive export orders from May to June, and the upcoming summer top - dressing season in May - June is expected to boost agricultural demand. Market price increases are likely to be cautious, and the futures market is expected to fluctuate at a high level in the near term [3]. Crude Oil - Oil prices continued to rise, driven by the progress of China - US trade negotiations and geopolitical uncertainties. In the short term, the market risk appetite has increased, but no strong trend has been formed yet, and the sustainability of the macro - drive needs to be observed. The monthly - line fluctuation ranges are adjusted to [57, 67] for WTI, [60, 70] for Brent, and [450, 510] for SC [7]. Styrene - Crude oil is expected to be weak in the medium term, putting pressure on chemical products. Pure benzene supply has decreased recently, but overall supply pressure remains due to imports. Styrene downstream demand is weak, and supply is expected to increase. It is recommended to maintain a short - selling strategy for styrene, with the upper resistance for the near - term contract at 7300 [13]. PE and PP - For LLDPE, although imports are expected to decline significantly from May to June and supply pressure will gradually decrease, inventory pressure is still large under the situation of weak supply and demand, and there is a long - term downward risk. For PP, supply pressure eases slightly during the second - quarter maintenance season, but production is still high, demand is weakening, and there is also a long - term downward risk [17]. Caustic Soda - In the medium - to - long term, the demand for caustic soda from alumina is insufficient, and new production capacity is being added, so the supply - demand outlook is weak. In the short term, caustic soda is in the maintenance phase, and the price has been supported. It is recommended to maintain a short - selling strategy, with the near - term resistance at 2550 [26]. PVC - The supply - demand surplus of PVC is prominent. Domestic demand is weak, and exports are mainly based on price - for - volume. The long - term surplus problem is difficult to solve, and the price is expected to remain weak. It is recommended to short on rallies, but there is a risk of price rebound during the maintenance period [26]. Methanol - The inland valuation has a downward pressure. After the spring maintenance, production has recovered, and downstream profits are differentiated. The port has entered a stock - building period, and the MTO low - operation rate suppresses demand. It is recommended to short the MA09 contract on rallies [35][38]. Polyester Industry Chain - PX: Tight supply and short - term strong demand support its price, but the rebound space is limited. PX09 is expected to fluctuate strongly in the short term, and PX9 - 1 is in a short - term positive spread situation [40]. - PTA: The supply - demand pattern remains tight in the short term, and the price is expected to be relatively strong compared to oil prices, but the rebound is suppressed. TA09 is expected to fluctuate strongly in the short term, and TA9 - 1 is in a short - term positive spread and medium - term reverse spread situation [40]. - MEG: Domestic supply is expected to increase in May, but short - term de - stocking is expected due to high polyester load and reduced imports. EG09 is expected to be strong in the short term [40]. - Short - fiber: Inventory pressure is low in the short term, but the driving force is weaker than that of raw materials. The processing fee is under pressure, and the absolute price fluctuates with raw materials [40]. - Bottle - chip: Supply and demand are both strong in the short term, and the absolute price fluctuates with raw materials. The processing fee is supported, and the main - contract processing fee is expected to fluctuate between 350 - 550 yuan/ton [40]. 3. Summary by Relevant Catalogs Urea Futures Prices - The prices of 01, 05, and 09 contracts and the methanol main contract all increased, with increases ranging from 0.22% to 1.26% [1]. Contract Spreads - The spreads of 01 - 05, 05 - 09, 09 - 01, and UR - MA main contracts changed, with changes ranging from - 16.00% to 44.83% [1]. Main Positions - The long and short positions of the top 20 increased, with the long positions increasing by 2.05% and the short positions increasing by 2.51%. The long - short ratio decreased slightly [1]. Upstream Raw Materials - Most upstream raw material prices remained stable, except for the port price of steam - coal in Qinhuangdao, which decreased by 0.78% [1]. Spot Market Prices - Spot prices in most regions increased, with increases ranging from 0.53% to 2.16% [1]. Supply - Demand Overview - Daily production decreased slightly, with a 1.20% decline in domestic daily urea production. Weekly production increased slightly by 0.21%, and factory inventory decreased by 10.58% while port inventory increased by 12.71% [3]. Crude Oil Prices and Spreads - Brent, WTI, and SC prices increased, with increases ranging from 0.34% to 1.34%. Spreads such as Brent - WTI and EFS also changed [7]. Product Prices and Spreads - Prices of NYM RBOB, NYM ULSD, and ICE Gasoil increased, with increases ranging from 0.53% to 0.71%. Spreads also changed [7]. Crack Spreads - Crack spreads of various refined products changed, with increases ranging from 0.28% to 4.28% for some products and decreases for others [7]. Styrene Upstream - Prices of Brent crude oil, CFR Japan naphtha, etc. increased, with increases ranging from 0.8% to 2.5%. The opening rates of domestic pure benzene and styrene increased [10][13]. Spot and Futures - The spot price of styrene in East China decreased slightly by 0.1%, while futures prices EB2506 and EB2507 increased by 1.0% and 1.1% respectively [11]. Overseas Quotes and Import Profits - Overseas quotes of styrene increased slightly, but the import profit decreased by 11.4% [12]. Industry Chain Inventory - Inventories of pure benzene and styrene ports decreased, while inventories of some downstream products also changed [13]. PE and PP Prices and Spreads - PE and PP futures prices mostly decreased, and the spreads between different contracts changed. Spot prices also decreased slightly [17]. Non - standard Prices - Most non - standard PE and PP prices decreased or remained stable [17]. Upstream and Downstream Opening Rates - PE and PP device opening rates decreased, and downstream weighted opening rates also decreased slightly [17]. Inventory - PE and PP enterprise inventories increased, with increases of 38.99% and 19.76% respectively [17]. Caustic Soda and PVC Spot and Futures - For caustic soda, the price of 50% liquid caustic soda in Shandong increased by 0.7%. For PVC, the prices of some futures contracts changed, with increases or decreases [21]. Overseas Quotes and Export Profits - The FOB price of caustic soda in East China decreased by 1.3%, and the FOB price of PVC in Tianjin decreased by 1.6% [22][23]. Supply - The opening rates of the caustic soda and PVC industries increased slightly [24]. Demand - The opening rates of some downstream industries of caustic soda and PVC increased [25][26]. Inventory - The PVC upstream factory inventory and total social inventory increased slightly [26]. Methanol Prices and Spreads - Methanol futures prices increased, and spreads between different contracts and regional spreads also changed [35]. Inventory - Methanol enterprise inventory and port inventory increased, and the weekly arrival volume increased by 12.50% [35]. Upstream and Downstream Opening Rates - The upstream domestic enterprise opening rate increased, and the downstream MTO device opening rate increased [35]. Polyester Industry Chain Upstream Prices - Prices of Brent crude oil, CFR Japan naphtha, etc. increased, with increases ranging from 1.0% to 2.5% [40]. PX - related - PX prices and spreads changed, with the CFR China PX price increasing by 0.9% [40]. PTA - related - PTA prices and spreads changed, and the processing fees of PTA also changed [40]. MEG - related - MEG prices and spreads changed, and the port inventory decreased slightly [40]. Polyester Product Prices and Cash Flows - Prices of POY, FDY, etc. increased, and cash flows and processing fees of polyester products also changed [40]. Industry Chain Opening Rates - Opening rates of various segments in the polyester industry chain changed, with some increasing and some decreasing [40].

1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report - In the short term, OPEC's production increase has been fulfilled as scheduled. It is recommended that investors gradually take profits on dips, and it is not advisable to chase short positions excessively in the short term. In the current situation of low static inventory, going long on the positive spread on dips is still a good position [1]. - The domestic methanol supply is expected to continue to rise, imports will gradually increase, and traditional demand will gradually weaken. The supply - demand pattern will gradually weaken, and prices still face downward pressure. It is recommended to focus on short - selling on rallies for single - sided trading, and pay attention to reverse spreads for the 9 - 1 spread [3]. - For urea, it is expected that there will be some support at the bottom, and prices will tend to be strong. Traders with long positions at low levels can continue to hold, while those not in the market should wait for the market sentiment to cool down before considering long positions. The inter - month spread should focus on positive spreads on dips [5]. - Rubber prices have returned to range - bound trading. It is recommended to adopt a neutral approach and conduct short - term operations. Pay attention to the band - trading opportunity of going long on RU2601 and short on RU2509 [8][11]. - For styrene, pay attention to the opportunity of short - selling on rebounds [13]. - PVC is expected to fluctuate weakly in the short term due to the weak supply - demand situation [15]. - Polyethylene prices are expected to remain volatile in the short and medium term, while polypropylene prices are expected to fluctuate with a downward bias in May [17][18]. - PX and PTA are in the maintenance season, with short - term valuation support, but the upside of absolute prices is limited by weak crude oil. For ethylene glycol, the focus is on whether the inventory reduction expectation can be realized [20][21][22]. 3. Summary by Related Catalogs 3.1 Crude Oil - **Market Quotes**: WTI main crude oil futures rose by $2.33, or 4.02%, to $60.28; Brent main crude oil futures rose by $2.17, or 3.56%, to $63.12; INE main crude oil futures fell by 7.20 yuan, or 1.54% [6]. - **Inventory Data**: Singapore ESG weekly oil product data showed that gasoline inventories increased by 0.22 million barrels to 13.43 million barrels, a 1.63% increase; diesel inventories increased by 0.18 million barrels to 8.91 million barrels, a 2.05% increase; fuel oil inventories decreased by 1.93 million barrels to 20.54 million barrels, an 8.59% decrease; total refined oil inventories decreased by 1.54 million barrels to 42.88 million barrels, a 3.46% decrease [1]. 3.2 Methanol - **Market Quotes**: On May 8, the 09 contract fell by 23 yuan/ton to 2216 yuan/ton, and the spot price fell by 42 yuan/ton, with a basis of +164 [3]. - **Supply and Demand**: Domestic enterprise start - up rates are gradually rising, and production is at a historically high level. Supply will continue to increase, imports will rise, and traditional demand will weaken [3]. - **Profit**: Enterprise profits have declined due to weak spot prices but remain at a high level overall. Future profits are expected to shift downstream, and production profits are expected to be further compressed [3]. - **Strategy**: Focus on short - selling on rallies for single - sided trading, pay attention to reverse spreads for the 9 - 1 spread, and look for long - position opportunities for the 09 contract PP - 3MA spread on dips [3]. 3.3 Urea - **Market Quotes**: On May 8, the 09 contract fell by 4 yuan/ton to 1882 yuan/ton, and the spot price remained unchanged, with a basis of +18 [5]. - **Policy and Market**: The fertilizer export symposium pointed out that May - September is the fertilizer export window, and urea exports to India are prohibited. The total fertilizer export volume should not exceed the 2023 level. It is likely that partial exports will be gradually liberalized, but the intensity will be limited [5]. - **Supply and Demand**: Supply is gradually increasing, and the domestic market is in the peak season for summer top - dressing demand. Exports are highly uncertain [5]. - **Strategy**: Traders with long positions at low levels can continue to hold, while those not in the market should wait for the market sentiment to cool down before considering long positions. The inter - month spread should focus on positive spreads on dips [5]. 3.4 Rubber - **Market Quotes**: Rubber prices have returned to range - bound trading, showing relative strength among industrial products [8]. - **Supply - Side Policy**: Thailand intends to postpone rubber tapping for one month to counter US tariff threats. If strictly implemented, rubber production is expected to decrease by 20 - 30 tons, but the market anticipates that the actual reduction may be less than 20 tons [9]. - **Demand and Inventory**: Tire factory start - up rates are declining. As of May 8, 2025, the full - steel tire start - up rate in Shandong was 44.75%, down 9.59 percentage points from last week and 4.44 percentage points from the same period last year; the semi - steel tire start - up rate was 57.98%, down 11.14 percentage points from last week and 18.11 percentage points from the same period last year. As of May 4, 2025, China's natural rubber social inventory was 135.5 tons, a 0.12% increase [10]. - **Strategy**: Adopt a neutral approach and conduct short - term operations. Pay attention to the band - trading opportunity of going long on RU2601 and short on RU2509 [11]. 3.5 Styrene - **Market Quotes**: On May 8, the 06 contract closed at 6936 (-105) yuan/ton, and the Jiangsu spot price was 7140 (-100) yuan/ton, with a basis of +204 (+8) yuan/ton [13]. - **Supply and Demand**: Supply - side maintenance has ended and production is restarting, while demand remains weak. The operating rates of the three major downstream industries are declining, and the production plans of white - goods manufacturers are weakening [13]. - **Inventory**: The absolute inventory at ports is at a low level, and inventory reduction this week may limit the decline in styrene prices [13]. - **Strategy**: Pay attention to the opportunity of short - selling on rebounds [13]. 3.6 PVC - **Market Quotes**: The PVC09 contract fell by 37 yuan to 4839 yuan, and the Changzhou SG - 5 spot price was 4660 (-40) yuan/ton, with a basis of -179 (-3) yuan/ton [15]. - **Supply and Demand**: The overall start - up rate of PVC is 79.3%, a 0.7% week - on - week increase. The downstream start - up rate is 43.9%, a 4.2% decrease. Factory inventory is 41.1 tons (-0.9), and social inventory is 64 tons (-4.8) [15]. - **Cost and Profit**: Cost remains stable, and the profit pressure of integrated enterprises is high. There are still many maintenance plans for calcium - carbide - based production facilities [15]. - **Outlook**: In the short term, although inventory is being reduced rapidly, the supply - demand situation is weak. Further inventory reduction depends on maintenance intensity and exports. PVC is expected to fluctuate weakly in the short term [15]. 3.7 Polyolefins 3.7.1 Polyethylene - **Market Quotes**: Futures prices are falling. The main contract closed at 7016 yuan/ton, a 30 - yuan decrease, and the spot price was 7335 yuan/ton, a 45 - yuan decrease, with a basis of 319 yuan/ton, a 15 - yuan weakening [17]. - **Supply and Demand**: In the second quarter, new production capacity on the supply side is large, and the supply side may face pressure. The seasonal off - season is approaching, and demand for agricultural films is decreasing [17]. - **Inventory**: Production enterprise inventory is 57.54 tons, a 16.14 - ton increase, and trader inventory is 6.06 tons, a 0.75 - ton increase [17]. - **Outlook**: In the short term, the downward trend is dominated by supply - side production capacity start - up. In the medium and long term, only a 50 - ton ExxonMobil No. 3 device is expected to start production in May, and prices are expected to remain volatile [17]. 3.7.2 Polypropylene - **Market Quotes**: Futures prices are falling. The main contract closed at 6985 yuan/ton, a 44 - yuan decrease, and the spot price remained unchanged at 7280 yuan/ton, with a basis of 295 yuan/ton, a 44 - yuan strengthening [18]. - **Supply and Demand**: In May, there is no new production capacity on the supply side, and maintenance is at a high level. The downstream start - up rate is expected to decline seasonally [18]. - **Inventory**: Production enterprise inventory is 67.64 tons, an 11.16 - ton increase; trader inventory is 14.27 tons, a 1.32 - ton increase; and port inventory is 7.79 tons, a 0.17 - ton increase [18]. - **Outlook**: Polypropylene prices are expected to fluctuate with a downward bias in May [18]. 3.8 PX, PTA, and Ethylene Glycol 3.8.1 PX - **Market Quotes**: The PX09 contract rose by 116 yuan to 6404 yuan, and PX CFR rose by 10 dollars to 778 dollars, with a basis of 59 yuan (-27) and a 9 - 1 spread of 70 yuan (+34) [19][20]. - **Supply - Side Situation**: PX is still in the maintenance season. Chinese PX operating rate is 73%, and Asian operating rate is 67.9%. There are device restarts and maintenance [20]. - **Inventory and Import**: In April, South Korea's PX exports to China were 39 tons, a 9 - ton increase. Inventory at the end of March was 468 tons, unchanged month - on - month [20]. - **Valuation and Cost**: PXN is 206 dollars (+13), and naphtha crack spread is 115 dollars (+15) [20]. - **Outlook**: In the second quarter, domestic inventory is expected to continue to decline. The terminal textile and clothing orders are weak, and the industry faces medium - term negative feedback pressure. However, short - term terminal restocking has alleviated polyester inventory pressure, and the risk of negative feedback is postponed. The short - term valuation has support, but the upside of absolute prices is limited by weak crude oil [20]. 3.8.2 PTA - **Market Quotes**: The PTA09 contract rose by 80 yuan to 4546 yuan, and the East China spot price rose by 50 yuan to 4615 yuan, with a basis of 120 yuan (+12) and a 9 - 1 spread of 64 yuan (+62) [21]. - **Supply - Side Situation**: PTA is in the maintenance season, with an operating rate of 70.3%, a 7.4% decrease. There are device restarts and maintenance [21]. - **Demand - Side Situation**: The downstream operating rate is 94%, a 0.6% increase. The terminal draw - texturing and weaving machine operating rates are rising [21]. - **Inventory**: On May 6, social inventory (excluding credit warehouse receipts) was 254.2 tons, a 14.7 - ton decrease [21]. - **Valuation and Cost**: Spot processing fee decreased by 8 yuan to 375 yuan, and on - paper processing fee increased by 4 yuan to 345 yuan [21]. - **Outlook**: The industry faces medium - term negative feedback pressure, but short - term terminal restocking has alleviated polyester inventory pressure, and the risk of negative feedback is postponed. PTA short - term valuation has support, but the upside of absolute prices is limited by weak crude oil [21]. 3.8.3 Ethylene Glycol - **Market Quotes**: The EG09 contract rose by 23 yuan to 4222 yuan, and the East China spot price rose by 7 yuan to 4262 yuan, with a basis of 70 yuan (+14) and a 9 - 1 spread of -7 yuan (+15) [22]. - **Supply - Side Situation**: The ethylene glycol operating rate is 69%, a 0.6% increase. There are device restarts, maintenance, and production - rate adjustments [22]. - **Demand - Side Situation**: The downstream operating rate is 94%, a 0.6% increase. The terminal draw - texturing and weaving machine operating rates are rising [22]. - **Inventory**: Port inventory is 79 tons, a 1 - ton decrease [22]. - **Valuation and Cost**: Naphtha - based production profit is -529 yuan, domestic ethylene - based production profit is -673 yuan, and coal - based production profit is 966 yuan. Cost remains stable [22]. - **Outlook**: The industry is in the inventory - reduction stage, but the actual inventory - reduction extent is limited due to high hidden inventory. The industry faces medium - term negative feedback risk, and the focus is on whether the inventory - reduction expectation can be realized [22].

聚烯烃产业期现日报 投资咨询业务资格:证监许可【2011】1292号 2025年5月7日 张晓珍 Z0003135 PE PP价格及价差 | 品种 | 5月6日 | 4月30日 | 涨跌 | 涨跌幅 | 单位 | | --- | --- | --- | --- | --- | --- | | L2505 收盘价 | 7230 | 7273 | -43 | -0.59% | | | L2509 收盘价 | 6987 | 7083 | -96 | -1.36% | | | PP2505 收盘价 | 7105 | 7126 | -21 | -0.29% | | | PP2509 收盘价 | ୧୦୦୧ | 7041 | -46 | -0.65% | | | L2505-2509 | 243 | 190 | 53 | 27.89% | | | PP2505-2509 | 110 | 82 | 25 | 29.41% | 元/吨 | | 华东PP拉丝现货 | 7130 | 7200 | -70 | -0.97% | | | 华北LDPE膜料现货 | 7230 | 7300 | -70 | -0.96% | | | 华北 ...

聚烯烃产业期现日报 投资咨询业务资格:证监许可【2011】1292号 2025年4月30日 张晓珍 Z0003135 PE PP价格及价差 | 品种 | 4月29日 7322 | 4月28日 7353 | 涨跌 | 涨跌幅 -0.42% | 单位 | | --- | --- | --- | --- | --- | --- | | L2505 收盘价 L2509 收盘价 | 7122 | 7164 | -31 -42 | -0.59% | | | PP2505 收盘价 | 7170 | 7195 | -25 | -0.35% | | | PP2509 收盘价 | 7092 | 7112 | -20 | -0.28% | | | L2505-2509 | 200 | 189 | 11 | 5.82% | | | PP2505-2509 | 78 | 83 | -5 | -6.02% | 元/吨 | | 华东PP拉丝现货 | 7230 | 7250 | -20 | -0.28% | | | 华北LLDPE膜料现货 | 7300 | 7350 | -50 | -0.68% | | | 华北 L05基差 | 200 | ...

【4 月 28 日 PVC 期货价格低位运行，现货市场稳中略涨】4 月 28 日，PVC 期货价格维持低位，V2509 报收 4989 元/吨，涨 0.28%，成交量 72 万手，环比提高 10 万手，持仓量 91 万手，环比下降 3 万手。 现货方面，华东地区电石法 PVC 五型报价在 4740 - 4860 元/吨，贸易商出货清淡，下游制品企业拿货 以刚需低价为主且存观望情绪。 成本方面，近期部分电石装置检修，五一假期临近下游企业备货积 极，电石价格触底反弹，4 月 28 日内蒙古乌海地区电石价格为 2500 元/吨，环比提高 50 元/吨。 供应 方面，上周部分 PVC 装置恢复运行，行业供应小幅回升，截至 4 月 25 日，PVC 行业周度开工率为 78.63%，环比提高 1.28 个百分点，周度产量为 45.94 万吨，环比提高 0.75 万吨，增幅 1.66%，PVC 行 业集中检修期延续，检修力度放缓。 需求方面，上周 PVC 价格再跌刺激部分投机需求，截至 4 月 25 日，PVC 生产企业周度预售订单量为 60.2 万吨，环比提高 6.02%，临近五一假期，下游制品企业放假 预期增多，截至 ...