人民财讯12月12日电，沪锡期货主力合约涨幅扩大至6%。 （原标题：沪锡期货主力合约涨幅扩大至6%） ...

商 品 研 究 2025 年 12 月 12 日 焦炭：宽幅震荡 焦煤：宽幅震荡 张广硕 投资咨询从业资格号：Z0020198 zhangguangshuo@gtht.com 【基本面跟踪】 焦煤焦炭基本面数据 | | | | 昨日收盘价(元/吨) | 涨跌(元/吨) | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | | | JM2601 | 934 | -29 | -3.0% | | 期货价格 | | J2601 | 1491.5 | -35.5 | -2. 3% | | | | | 昨日成交(手) | 昨日持仓(手) | 持仓变动(手) | | | | JM2601 | 212855 | 199252 | -20740 | | | | J2601 | 18180 | 25407 | -631 | | | | | 昨日价格(元/吨) | 前日价格(元/吨) | 涨跌(元/吨) | | | | 临汾低硫主焦 | 1500 | 1500 | 0 | | | 焦煤 | 金泉蒙5精煤自提价 | 1170 | 1170 | 0 | | | | 吕梁低硫主焦 | 1505 ...

Core Viewpoint - The main focus of the news is the significant increase in the price of silver futures, with the leading contract experiencing a rise of 4% [1]. Group 1 - The silver futures market is showing a notable upward trend, indicating potential bullish sentiment among investors [1].

行业 油脂 日期 2025 年 12 月 12 日 研究员：余兰兰 021-60635732 yulanlan@ccb.ccbfutures.com 期货从业资格号：F0301101 研究员：林贞磊 021-60635740 linzhenlei@ccb.ccbfutures.com 期货从业资格号：F3055047 研究员：王海峰 021-60635727 wanghaifeng@ccb.ccbfutures.com 期货从业资格号：F0230741 研究员：洪辰亮 021-60635572 hongchenliang@ccb.ccbfutures.com 期货从业资格号：F3076808 研究员：刘悠然 021-60635570 liuyouran@ccb.ccbfutures.com 期货从业资格号：F03094925 农产品研究团队 请阅读正文后的声明 ＃summary＃ 每日报告 一、行情回顾与操作建议 表1：行情回顾 每日报告 三、数据概览 | Fr 84 | 前结算价 : | 开盘价 : | 最高价 : | 最低价 | 收盘价 :涨跌:涨跌幅 | | | 成交量 : | | 持企量 持仓量变化 ...

2025 年 12 月 12 日 短纤：中期有压力，多 TA 空 PF 持有 20251212 瓶片：中期有压力，多 TA 空 PR 持有 20251212 钱嘉寅 投资咨询从业资格号：Z0023476 qianjiayin@gtht.com 【基本面跟踪】 （资料来源：华瑞信息） 【趋势强度】 短纤趋势强度：-1；瓶片趋势强度：-1(仅指报告日的日盘主力合约期价波动情况） 注：趋势强度取值范围为【-2,2】区间整数。强弱程度分类如下：弱、偏弱、中性、偏强、强，-2 表示 最看空，2 表示最看多。 国 泰 君 安 期 货 研 究 所 | | | 昨日 | 前日 | 变化 | | 昨日 | 前日 | 变化 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 短纤2601 | 6128 | 6124 | ব | PF01-02 | 6 | 10 | -4 | | PF | 短纤2602 | 6122 | 6114 | 8 | PF02-03 | 2 | -60 | 62 | | | 短纤2603 | 6120 | 6174 | -54 | P ...

商 品 研 究 2025 年 12 月 12 日 LPG：仓单压制，大幅下挫 丙烯：现货持稳，主力跟随成本下探 陈鑫超 投资咨询从业资格号：Z0020238 chenxinchao@gtht.com 【基本面跟踪】 LPG 基本面数据 | | | 昨日收盘价 | 日涨幅 | 夜盘收盘价 | 夜盘涨幅 | | --- | --- | --- | --- | --- | --- | | | PG2601 | 4,220 | -0.52% | 4,108 | -2.65% | | 期货价格 | PG2602 | 4,143 | -0.29% | 4,040 | -2.49% | | | PL2601 | 5,950 | -0.15% | 5,966 | 0.27% | | | PL2602 | 5,785 | 0.28% | 5,741 | -0.76% | | | PL2603 | 5,749 | 0.19% | 5,702 | -0.82% | | | | 昨日成交 | 较前日变动 | 昨日持仓 | 较前日变动 | | | PG2601 | 57,027 | -42633 | 40,904 | -4284 | ...

研究中心能化团队 2025/12/11 甲 醇 日期 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 2025/12/0 4 801 2125 2075 2430 2465 2435 2608 245 317 7 -24 -1080 2025/12/0 5 801 2090 2058 2430 2465 2435 2608 241 317 12 -15 -1044 2025/12/0 8 801 2088 2068 2425 2465 2435 2595 243 317 -10 0 -1092 2025/12/0 9 801 2090 2053 2423 2465 2385 2590 243 317 -15 5 -1106 2025/12/1 0 801 - 2053 - 2465 2395 2580 - - - 25 - 日度变化 0 - 0 - 0 10 -10 - - - 20 - 观点 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 ...

商 品 研 究 2025 年 12 月 11 日 LPG：成本端扰动下宽幅震荡 丙烯：供应存增量预期，上行驱动有限 陈鑫超 投资咨询从业资格号：Z0020238 chenxinchao@gtht.com 【基本面跟踪】 LPG 基本面数据 | | | 昨日收盘价 | 日涨幅 | 夜盘收盘价 | 夜盘涨幅 | | --- | --- | --- | --- | --- | --- | | | PG2601 | 4,242 | 0.02% | 4,290 | 1.13% | | 期货价格 | PG2602 | 4,155 | -0.48% | 4,199 | 1.06% | | | PL2601 | 5,959 | -0.10% | 5,980 | 0.35% | | | PL2602 | 5,769 | 0.02% | 5,806 | 0.64% | | | PL2603 | 5,738 | -0.85% | 5,778 | 0.70% | | | | 昨日成交 | 较前日变动 | 昨日持仓 | 较前日变动 | | | PG2601 | 99,660 | 32866 | 45,188 | -8065 | | 持 ...

商 品 研 究 2025 年 12 月 11 日 LLDPE：单边下跌，基差再度转弱 周富强 投资咨询从业资格号：Z0023304 zhoufuqiang@gtht.com 【基本面跟踪】 LLDPE 基本面数据 | 期 货 | | 昨日收盘价 | 日涨跌 | 昨日成交 | 持仓变动 | | --- | --- | --- | --- | --- | --- | | | L2601 | 6561 | 0.06% | 601624 | -72250 | | 基差月差变化 | | 昨日价差 | | 前日价差 | | | | 01合约基差 | -61 | | 1 3 | | | | 01-05合约价差 | -38 | | -53 | | | 重要现货价格 | | 昨日价格 | （元/吨） | 前日价格 | （元/吨） | | | 北 华 | 6500 | | 6570 | | | | 华 东 | 6700 | | 6750 | | | | 华 南 | 6600 | | 6670 | | 资料来源：卓创资讯，国泰君安期货 【现货消息】 期货盘面承压下行，华北 LL 基差昨日暂时升水后，今天 LL 现货加速下跌；仓单近 ...

Report Industry Investment Ratings - Urea: なな女 - Methanol: ☆☆☆ - Styrene: ★☆☆ - Polypropylene: ★☆☆ - Plastic: ★☆☆ - PVC: ☆☆☆ - Caustic Soda: ☆☆☆ - PX: ☆☆☆ - PTA: ☆☆☆ - Ethylene Glycol: なな女 - Short Fiber: ☆☆☆ - Glass: ななな - Soda Ash: ☆☆☆ - Bottle Chip: ☆☆☆ - Propylene: ☆☆☆ [1] Core Views - The overall chemical market shows a complex situation with different trends in various products. Some products are under downward pressure, while some have certain support factors. The market is affected by supply, demand, inventory, and raw material price fluctuations. [2][3][5] Summary by Relevant Catalogs Olefins - Polyolefins - Propylene futures declined due to increased supply and weakened downstream buying sentiment, but inventory control provided some support [2]. - Plastic and polypropylene futures fell. Polyethylene had weak spot prices due to sufficient supply and low downstream demand. Polypropylene faced increased production and limited demand, resulting in an imbalanced supply - demand situation [2]. Pure Benzene - Styrene - Pure benzene futures had low - level fluctuations, with falling spot prices and high port inventory, but future supply - demand pressure may ease. Consider long - short spreads on dips in the medium term [3]. - Styrene futures declined due to falling crude oil prices, weak pure benzene fundamentals, and expected increased supply [3]. Polyester - PX and PTA continued to fall due to lower oil prices. PX is expected to be strong in the medium term, and PTA's processing margin is expected to recover [5]. - Ethylene glycol had a slight rebound but still faced supply pressure, with long - term pressure from planned new production [5]. - Short fiber's load was high, with a slight inventory increase. Its long - term supply - demand pattern is good. Bottle chip demand weakened, with a weak processing margin and over - capacity pressure [5]. Coal Chemical Industry - Methanol futures prices fell, while the spot market was relatively stable. The market is expected to fluctuate weakly in the short term due to supply - demand factors [6]. - Urea futures were firm in a range. Although there was inventory reduction, high production and weakening market sentiment may lead to continued range - bound trading [6]. Chlor - Alkali Industry - PVC continued to decline due to weak demand and high inventory. It is expected to operate in a low - level range [7]. - Caustic soda was at a low level, with high inventory, increased production, and weak demand, leading to profit compression [7]. Soda Ash - Glass - Soda ash fell below 1100 yuan due to cost and supply pressure, with a high - inventory situation. It is in a long - term supply - surplus pattern [8]. - Glass continued to decline. Although there was inventory reduction, recent sales weakened, and long - term cold - repair may be forced by low profits [8].