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燃料油早报-20260106
Yong An Qi Huo· 2026-01-06 01:16
Report Overview - Report Title: Fuel Oil Morning Report - Research Team: Energy and Chemicals Team of the Research Center - Report Date: January 6, 2026 [2] Key Points 1. Price Data and Changes - **Rotterdam Fuel Oil**: From December 26, 2025, to January 5, 2026, the price of Rotterdam 3.5% HSF O swap M1 increased by 1.27, Rotterdam 0.5% VLS FO swap M1 increased by 7.62, and other related spreads also had corresponding changes [3]. - **Singapore Fuel Oil**: The price of Singapore 380cst M1 and 180cst M1, VLSFO M1, etc., had different changes during the same period. For example, the price of Singapore 380cst M1 decreased by 2.10 from December 26 to January 5 [3][4]. - **Singapore Fuel Oil Spot**: The FOB 380cst price decreased by 8.13, and the FOB VLSFO price decreased by 7.06 from December 26, 2025, to January 5, 2026 [4]. - **Domestic FU**: The prices of FU 01, FU 05, and FU 09 decreased by 35, 21, and 30 respectively from December 26, 2025, to January 5, 2026 [4]. - **Domestic LU**: The price of LU 01 increased by 253, while LU 05 and LU 09 decreased by 26 and 29 respectively from December 26, 2025, to January 5, 2026 [5]. 2. Core Views - Before the festival, the cracking of 380 fuel oil fluctuated, and it weakened slightly after the festival. The 380 monthly spread rebounded from the low point but remained weak year - on - year. The high - sulfur cracking in Europe weakened, and the monthly spread oscillated at a low level [5]. - The cracking of Singapore 0.5% fuel oil oscillated at a historical low, with the structure turning to C at a historical low and the basis oscillating at a historical low [5]. - In terms of inventory, Singapore residue oil had a significant inventory build - up, high - sulfur floating storage had a significant inventory draw - down, ARA residue oil had a small inventory build - up, Fujairah residue oil had an inventory draw - down, and EIA residue oil had a small inventory build - up [11]. - The conflict in Venezuela escalated over the weekend, having a short - term positive and long - term negative impact on heavy crude oil. It is necessary to pay attention to the duration of logistics interruption. The arrival premium of Merey crude oil at the end of December remained around - 12 [11]. - The high - sulfur spot market remained loose, and attention should be paid to the boost brought by the premium of heavy raw materials recently. The low - sulfur market maintained a weak oscillation pattern [11].
燃料油早报-20260105
Yong An Qi Huo· 2026-01-05 01:43
Group 1: Report Core View - Before the holiday, the 380 cracking spread fluctuated, and after the holiday, it weakened slightly. The 380 monthly spread rebounded from its low point but remained weak year-on-year. The high-sulfur cracking spread in Europe weakened, and the monthly spread oscillated at a low level. The 0.5% cracking spread in Singapore oscillated at a historical low, with the structure turning to C at a historical low and the basis oscillating at a historical low [5]. - In terms of inventory, Singapore's residual oil significantly increased in inventory, the high-sulfur floating storage significantly decreased in inventory, ARA's residual oil slightly increased in inventory, Fujairah's residual oil decreased in inventory, the high-sulfur floating storage decreased in inventory, and EIA's residual oil slightly increased in inventory. The conflict in Venezuela escalated over the weekend, which has a short-term positive and long-term negative impact on heavy crude oil. Attention should be paid to the duration of logistics interruption. The arrival premium of Merey crude oil at the end of December remained around -12. The high-sulfur spot market remained loose. Attention should be paid to the boost brought by the premium of heavy raw materials recently. The low-sulfur market maintained a weak oscillation pattern [6]. Group 2: Rotterdam Fuel Oil Data - From December 25 to December 31, 2025, the price of Rotterdam 3.5% HSF O swap M1 changed by 1.66, Rotterdam 0.5% VLS FO swap M1 changed by 0.83, Rotterdam HSFO - Brent M1 changed by 0.38, Rotterdam 10ppm Gasoil swap M1 changed by -6.29, Rotterdam VLSFO - Gasoil M1 changed by 7.12, LGO - Brent M1 changed by -0.16, and Rotterdam VLSFO - HSFO M1 changed by -0.83 [3]. Group 3: Singapore Fuel Oil Data Swap Data - From December 25 to December 31, 2025, the price of Singapore 380cst M1 changed by 0.51, Singapore 180cst M1 changed by -1.75, Singapore VLSFO M1 changed by -4.87, Singapore Gasoil M1 changed by 0.26, Singapore 380cst - Brent M1 changed by 0.30, and Singapore VLSFO - Gasoil M1 changed by -6.80 [3]. Spot Data - From December 26 to December 31, 2025, the price of Singapore FOB 380cst changed by -0.04, FOB VLSFO changed by -2.74, 380 basis changed by -0.55, high - sulfur domestic - foreign price difference changed by -1.6, and low - sulfur domestic - foreign price difference changed by 0.0 [4]. Group 4: Domestic FU Data - From December 25 to December 31, 2025, the price of FU 01 changed by -75, FU 05 changed by -20, FU 09 changed by -18, FU 01 - 05 changed by -55, FU 05 - 09 changed by -2, and FU 09 - 01 changed by 57 [4]. Group 5: Domestic LU Data - From December 25 to December 31, 2025, the price of LU 01 changed by -245, LU 05 changed by -40, LU 09 changed by -32, LU 01 - 05 changed by -205, LU 05 - 09 changed by -8, and LU 09 - 01 changed by 213 [5].
LPG早报-20251231
Yong An Qi Huo· 2025-12-31 01:08
Group 1: Report Industry Investment Rating - Not provided Group 2: Report's Core View - The overseas market remains tight with an expected increase in the January CP official price. Domestically, the price difference between domestic and foreign markets is relatively high, and the basis is relatively low, and the driving force needs to be awaited. The profits of PDH are deteriorating, and the maintenance situation in January needs to be observed [1] Group 3: Summary by Relevant Catalog Price and Basis - **Daily Price Changes**: On Tuesday, for civil LPG, the price in East China was 4372 (-8), in Shandong was 4300 (-20), and in South China was 4510 (+0). The price of ether post - carbon four was 4440 (+10). The lowest delivery location was Shandong. At night, the basis was 119 (+155), the 02 - 03 monthly spread was 136 (+12), and the 03 - 04 monthly spread was -167 (+19). As of 9 p.m., FEI was 527.39, a decrease of 4 US dollars. The January CP official price increased more than expected, with propane and butane at 525/520 US dollars per ton respectively [1] - **Weekly Situation**: The domestic civil LPG prices were differentiated. The cheapest delivery product was Shandong civil LPG (-110). The East China price was 4384 (-10), and the South China price was 4510 (+10). The overseas EI fluctuated, MB weakened, and CP strengthened. According to the first - round recommended values of January CP, propane and butane were 505/495 (+10/+10) respectively. The domestic and foreign prices strengthened slightly. PG - CP reached 100 (+1.86), PG - FEI reached 89 (+4.86), FEI - MB reached 185.6 (+10.6), and FEI - CP reached 11 [1] Premium and Freight - The East China propane arrival premium was 4 (+1). The AFEI, Middle East, and US propane OB premiums were 18.75 (+5.75), 50 (-1), and 43 (+0) respectively. The freight increased slightly. The FEL - MORI price difference was -14 (a month - on - month increase of 4) [1] Inventory and Utilization Rate - The arrival rate of ships was 54.83%, and the port inventory decreased by 14.3%. The refinery's commercial volume increased by 1.18%, and the refinery inventory increased by 0.41%. The PDH utilization rate was 76.36% (+1.36 pct) [1]
燃料油早报-20251230
Yong An Qi Huo· 2025-12-30 11:18
Report Overview - The report is a fuel oil morning report by the energy and chemical team of the research center, dated December 30, 2025 [1] Report Industry Investment Rating - Not provided Report Core View - This week, the 380 cracking weakened, the monthly spread fluctuated at a low level, the basis fluctuated at a low level, the European high - sulfur cracking weakened, and the high - sulfur EW continued to strengthen. The 0.5% cracking in Singapore fluctuated at a low level, the monthly spread fluctuated at a historical low, and the 5GO repaired as diesel weakened. In terms of inventory, Singapore's residual oil increased in stock, the high - sulfur floating storage decreased in stock, the residual oil in Fujairah decreased in stock, the high - sulfur floating storage decreased significantly in stock, the European high - sulfur floating storage decreased slightly in stock, and the US high - sulfur floating storage increased slightly in stock. The low - sulfur floating storage in Singapore decreased in stock, and the European low - sulfur floating storage increased in stock. Global residual oil entered the off - season for inventory accumulation. The external cracking is subject to crude oil fluctuations, and there is no improvement at the spot end, so it is regarded as bearish. The low - sulfur valuation is low but there is no driving force [4][5] Summary by Related Data Rotterdam Fuel Oil Swap Data - From December 23 to December 29, 2025, the price of Rotterdam 3.5% HSF O swap M1 changed by 1.72, Rotterdam 0.5% VLS FO swap M1 changed by 1.40, Rotterdam HSFO - Brent M1 changed by - 0.31, Rotterdam 10ppm Gasoil swap M1 changed by 2.33, Rotterdam VLSFO - G M1 changed by - 0.93, LGO - Brent M1 changed by - 1.03, and Rotterdam VLSFO - HSFO M1 changed by - 0.32 [2] Singapore Fuel Oil Swap Data - From December 23 to December 29, 2025, the price change of Singapore 380cst - Brent M1 was 0.11, other data for December 29 were not provided [2] Singapore Fuel Oil Spot Data - From December 23 to December 29, 2025, the FOB 380cst price changed by - 4.31, FOB VLSFO changed by - 4.51, and the 380 basis changed by 0.60 [3] Domestic FU Data - From December 23 to December 29, 2025, FU 01 changed by - 38, FU 05 changed by - 32, FU 09 changed by - 20, FU 01 - 05 changed by - 6, FU 05 - 09 changed by - 12, and FU 09 - 01 changed by 18 [3] Domestic LU Data - From December 23 to December 29, 2025, LU 01 changed by - 360, LU 05 changed by - 42, LU 09 changed by - 39, LU 01 - 05 changed by - 318, LU 05 - 09 changed by - 3, and LU 09 - 01 changed by 321 [4]
LPG早报-20251230
Yong An Qi Huo· 2025-12-30 01:29
1. Report Industry Investment Rating - No information provided regarding the report industry investment rating 2. Core Viewpoints - The overseas market remains tight with an expected increase in the official price of January CP. Domestically, the domestic - foreign price difference is relatively high, and the basis is relatively low, and the driving force needs further waiting. The profit of PDH is deteriorating, and the maintenance situation in January needs to be observed [1] 3. Summary by Relevant Data and Information Price Data - **Domestic Civil Gas**: On 2025/12/29, the price in East China was 4380 (-4), in Shandong was 4320 (+50), and in South China was 4510 (+0). The price of ether - post carbon four was 4430 (-70). The lowest delivery location was Shandong, with the latest basis at 244 (-30) [1] - **Futures Spreads**: The 02 - 03 month spread was 113 (+1), another 02 - 03 month spread was 126 (+13), and the 03 - 04 month spread was -190 (+10). For the inner - plate, the 02 basis was 186 (-95), the 01 - 02 month spread was 117 (-2), and the 03 - 04 month spread was -203 (-3) [1] - **Paper Goods Prices**: As of 9 p.m., the FEI and CP paper goods prices were 523 and 510 respectively, up 2 and 6 US dollars [1] - **1 - Month CP First - Round Recommended Values**: Propane and butane were 505/495 (+10/+10) respectively [1] - **Price Ratios**: PG - CP reached 100 (+1.86), PG - FEI reached 89 (+4.86), FEI - MB reached 185.6 (+10.6), and FEI - CP reached 11 (+3) [1] - **Propane Premiums**: The premium of propane arriving at East China was 4 (+1), and the premiums of AFEI, Middle - East, and US propane OB were 18.75 (+5.75), 50 (-1), and 43 (+0) respectively [1] - **FEL - MORI Price Difference**: -14 (up 4 month - on - month) [1] Inventory and Production Data - **Port Inventory**: The arrival rate of ships was 54.83%, and port inventory decreased by 14.3% [1] - **Refinery Data**: The refinery's commercial volume increased by 1.18%, and refinery inventory increased by 0.41% [1] - **PDH Data**: The operating rate of PDH was 76.36% (+1.36 pct) [1]
沥青早报-20251229
Yong An Qi Huo· 2025-12-29 01:05
Group 1: Report Overview - Report Title: "Asphalt Morning Report" [2] - Report Date: December 29, 2025 [4] - Report Team: Research Center's Energy and Chemicals Team [4] Group 2: Investment Rating - No investment rating is provided in the report. Group 3: Core Viewpoints - No clear core viewpoints are presented in the report. Group 4: Summary by Catalog 1. Basis and Spread - **Basis**: The Shandong basis (+80) (non-Jingbo) was 17 on 11/26 and remained unchanged on 12/26; the East China basis (Zhenjiang warehouse) was 47 and then dropped to -115; the South China basis (Foshan warehouse) was 7 and then decreased to -195. The daily change of all three was 0 [3]. - **Spread**: The 01 - 03 spread was -12 and then became -33 with a daily change of -1; the 02 - 03 spread was -18 and then -7 with no daily change; the 03 - 06 spread was -45 and then -29 with a daily change of 7 [3]. 2. Futures Market - **BU Main Contract (02)**: The price was 3043 and then dropped to 2992 with no daily change. The trading volume was 342,611 and then fluctuated, with a daily increase of 33,422 and a week - on - week decrease of 287,140. The open interest was 382,270 and then decreased to 443,225, with a daily decrease of 18,009 and a week - on - week decrease of 43,736 [3]. 3. Spot Market - **Brent Crude Oil**: The price was 63.1 and then changed to 62.2 (N/A on the last record) [3]. - **Asphalt Spot**: The Jingbo price was 3000 and then dropped to 2940 and remained unchanged; the Shandong (non - Jingbo) price was 2980 and then dropped to 2860 and remained unchanged; the Zhenjiang warehouse price was 3090 and then dropped to 2880 and remained unchanged; the Foshan warehouse price was 3050 and then dropped to 2800 and remained unchanged [3]. 4. Profit - **Asphalt - Ma Rui Profit**: It was 235 and then changed to 348 (N/A on the last record) [3].
LPG早报-20251229
Yong An Qi Huo· 2025-12-29 01:03
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,我们均不承担任何责任。 LPG = FA 台H 研究中心能化团队 2025/12/29 -P G 内院CFR华 山东烷基 CP预测合 丙烷CIF日本 纸面进口利润 日期 华南液化气 华东液化 山东液化气 山东醚后碳四 主力基差 同价 化油 E 2025/12/22 4480 4388 4370 536 4580 7150 -213 580 202 355 2025/12/23 4377 4370 | 4475 590 550 507 4580 7180 -291 444 2025/12/24 4392 4320 4570 7180 4480 590 543 510 -277 398 4520 2025/12/25 4505 4389 4310 590 539 510 7150 -245 413 4270 -233 2025/12/26 4510 4384 289 541 4500 7150 l 日度变化 -40 -1 N -20 ...
能源化工聚烯烃周报-20251228
Guo Tai Jun An Qi Huo· 2025-12-28 08:36
1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report Plastic Part - The price of plastics is under pressure due to abundant supply. The total effective capacity growth rate is 16%, and the domestic production volume growth rate is 18% in the first half of the year. Although imports have declined year - on - year, the ample supply still suppresses prices. The overall market situation is not optimistic, with a pattern of increasing supply and decreasing demand before the Spring Festival [5]. - The strategy suggests a short - position allocation on rebounds for single - side trading. Cross - period and cross - variety trading are not recommended for now [5]. Polypropylene Part - Polypropylene prices are under pressure in the off - season. The total effective capacity growth rate is 12.7%, and the estimated annual output growth rate is 16.7%. The market is expected to enter a pattern of increasing supply and decreasing demand in Q4, with an unfavorable supply - demand situation [95]. - Similar to plastics, the strategy recommends a short - position allocation on rebounds for single - side trading. Cross - period and cross - variety trading are also not recommended currently [97]. 3. Summaries Based on Relevant Catalogs Plastic Part Price & Spread - The basis has weakened significantly as the spot price increases less than the futures price. The 5 - 9 month spread has strengthened to - 31, and the warehouse receipts remain at a high level [5]. - The import window has improved, and the LD import profit is at a relatively high level within the year. The non - standard price spread shows that the HD film supply is tight, and the LD has weakened recently [29][32]. Supply - New capacity has been concentratedly put into operation from the end of 2024 to the first half of 2025, with a nominal capacity growth rate of 19.2% and an effective capacity growth rate of 16.7%. The supply is expected to remain abundant, with a slight decline in the short term and an increase in the future [47]. - The overall inventory removal is not smooth, and the inventory has been transferred to the middle - stream. The subsequent supply increase and weak downstream confidence may lead to a slowdown in social inventory removal [5]. Demand & Inventory - The demand for downstream industries such as agricultural films and packaging films has entered a phased off - season. The overall downstream demand shows signs of decline, and the raw material demand is expected to decrease [5]. - The inventory transfer to the middle - stream is not smooth, and the downstream's lack of confidence in the future market has led to a slowdown in social inventory removal [5]. Polypropylene Part Price & Spread - The basis has weakened as the futures price rebounds, and the warehouse receipts have increased again. The cross - period spread is fluctuating [97]. - The import window is approaching closure, and the export profit to Southeast Asia has limited growth. The non - standard price spread of the drawing material has slightly narrowed [112][119]. Supply - New capacity has been put into operation on a large scale from the end of 2024 to the middle of 2025, with an effective capacity growth rate of 12.7%. The supply is expected to be abundant, but there may be a marginal reduction in supply if some PDH devices stop production in January [140]. - The inventory has been transferred to the middle - stream, and the overall inventory is higher than the same period last year [97]. Demand & Inventory - The downstream start - up is temporarily stable, but the orders of some industries such as plastic weaving and pipes have seasonally weakened. The overall downstream demand shows a downward trend [96]. - The inventory removal is not smooth, and the downstream's lack of confidence in the future market has led to a high inventory level [97].
LPG早报-20251226
Yong An Qi Huo· 2025-12-26 01:11
1. Report Industry Investment Rating - No relevant information provided in the report. 2. Core View of the Report - The Middle East resources are tight, the premium is still rising, and the winter prices are difficult to fall. The official price of January CP is approaching. The internal and external valuations are high, but the driving force is weak, and the internal and external trading logics are differentiated. The upward driving force of FEI is limited, and the domestic market needs to pay more attention to the negative feedback between warehouse receipts and PDH, with high uncertainty [4]. 3. Summary According to Relevant Catalogs Price and Basis Analysis - **Domestic Civil Gas Prices**: On Thursday, the civil gas prices in East China, Shandong, and South China were 4389 (-3), 4310 (-10), and 4505 (+25) respectively. The price of ether - post carbon four was 4520 (-50). The lowest delivery location was Shandong, the basis of the main contract was 266, the 01 - 02 month spread was 207 (+48), and the 03 - 04 month spread was -203 (-6) [4]. - **PG Futures Market**: The PG futures price repaired upwards. The 01 basis was 162 (-187), the 01 - 02 month spread was 119 (+35), the 03 - 04 month spread was -206 (+33), and the number of warehouse receipts was 3368 (-108) [4]. International Market and Spread Analysis - **External Market Spreads**: The FEI month spread strengthened, the CP month spread weakened, and the oil - gas ratio oscillated. The spreads between PG - CP, PG - FEI, FEI - MB, and FEI - CP were 99.6 (+28), 85.6 (+20), 170 (+6), and 14 (+8) respectively. The landed premium of propane in East China was 83 (-7), and the FOB premiums of propane in the Middle East and the United States were 13 (-24.25), 51 (+9), and 43 (-4) US dollars respectively. FEI - MOPJ was -19.25 [4]. Supply and Demand and Profit Analysis - **Supply and Inventory**: The number of arriving ships decreased by 7.64%, the port inventory decreased by 7.89%, the commercial volume of refineries increased by 0.82%, and the refinery inventory decreased by 0.03%. The PDH operating rate was 75% (+2.13 percentage points) [4]. - **Profit Situation**: The spot profit of PDH was weak, and the futures profit repaired upwards [4].
燃料油早报-20251226
Yong An Qi Huo· 2025-12-26 01:07
1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints - This week, the high - sulfur cracking spread rebounded, the monthly spread rebounded from a low level, and the basis rebounded. European high - sulfur cracking spread fluctuated, and the monthly spread weakened, while the EW continued to strengthen. The 0.5% cracking spread in Singapore weakened, the monthly spread fluctuated at a low level, and the basis also fluctuated at a low level. The European V low - sulfur cracking spread fluctuated at a low level [3][5]. - In terms of inventory, Singapore's residue oil inventory decreased, high - sulfur floating storage inventory increased, ARA's residue oil inventory was basically flat, Fujairah's residue oil inventory decreased significantly, high - sulfur floating storage inventory decreased, and EIA's residue oil inventory increased slightly [3][5]. - This week, the cracking spreads of gasoline and diesel in the external market continued to decline, and the price difference between low - sulfur and diesel continued to rebound. After the Al Zour refinery shut down due to a fire on October 21, the external low - sulfur market faced support, but the short - term upside space was limited [5]. - The global residue oil entered the off - season for inventory accumulation. The external cracking spread was affected by crude oil fluctuations and feedstock price premiums. This week, the external market's inventory decreased and the monthly spread strengthened, remaining volatile in the short term. The low - sulfur valuation was low but lacked a driving force [5]. 3. Data Summaries Rotterdam Fuel Oil Swap Data | Product | 2025/12/19 | 2025/12/22 | 2025/12/23 | 2025/12/24 | 2025/12/25 | Change | | --- | --- | --- | --- | --- | --- | --- | | 3.5% HSF O Swap M1 | 323.91 | 332.23 | 333.06 | 331.79 | 331.98 | 0.19 | | 0.5% VLS FO Swap M1 | 370.46 | 379.22 | 381.38 | 379.41 | 379.54 | 0.13 | | HSFO - Brent M1 | - 8.86 | - 8.91 | - 9.15 | - 9.49 | - 9.56 | - 0.07 | | 10ppm Gasoil Swap M1 | 588.07 | 597.32 | 607.46 | 608.64 | 607.21 | - 1.43 | | VLSFO - Gasoil M1 | - 217.61 | - 218.10 | - 226.08 | - 229.23 | - 227.67 | 1.56 | | LGO - Brent M1 | 20.77 | 20.41 | 21.48 | 22.69 | - | - | | VLSFO - HSF M1 | 46.55 | 46.99 | 48.32 | 47.62 | 47.56 | - 0.06 | [1] Singapore Fuel Oil Swap Data | Product | 2025/12/19 | 2025/12/22 | 2025/12/23 | 2025/12/24 | 2025/12/25 | Change | | --- | --- | --- | --- | --- | --- | --- | | 380cst M1 | 335.69 | 340.79 | 347.07 | 347.60 | 344.23 | - 3.37 | | 180cst M1 | 342.69 | 347.66 | 352.82 | 352.53 | 349.23 | - 3.30 | | VLSFO M1 | 404.73 | 411.59 | 417.13 | 420.80 | 417.54 | - 3.26 | | GO M1 | 78.63 | 79.11 | 79.71 | 81.24 | 80.63 | - 0.61 | | 380cst - Brent M1 | - 6.57 | - 6.90 | - 6.88 | - 7.39 | - 7.63 | - 0.24 | | VLSFO - Gasoil M1 | - 177.13 | - 173.82 | - 172.72 | - 180.38 | - 179.12 | 1.26 | [1] Singapore Fuel Oil Spot Data | Product | 2025/12/19 | 2025/12/22 | 2025/12/23 | 2025/12/24 | 2025/12/25 | Change | | --- | --- | --- | --- | --- | --- | --- | | FOB 380cst | 332.35 | 337.57 | 344.15 | 343.65 | - | - | | FOB VLSFO | 403.41 | 410.73 | 416.98 | 417.55 | - | - | | 380 Basis | - 2.95 | - 2.80 | - 1.85 | - 1.60 | - | - | | High - Sulfur Domestic - Foreign Spread | 2.9 | 5.0 | 3.8 | 5.3 | - | - | | Low - Sulfur Domestic - Foreign Spread | 6.5 | 8.6 | 8.3 | 9.8 | - | - | [2] Domestic FU Data | Product | 2025/12/19 | 2025/12/22 | 2025/12/23 | 2025/12/24 | 2025/12/25 | Change | | --- | --- | --- | --- | --- | --- | --- | | FU 01 | 2356 | 2413 | 2433 | 2415 | 2431 | 16 | | FU 05 | 2415 | 2474 | 2496 | 2498 | 2499 | 1 | | FU 09 | 2382 | 2440 | 2463 | 2468 | 2466 | - 2 | | FU 01 - 05 | - 59 | - 61 | - 63 | - 83 | - 68 | 15 | | FU 05 - 09 | 33 | 34 | 33 | 30 | 33 | 3 | | FU 09 - 01 | 26 | 27 | 30 | 53 | 35 | - 18 | [2] Domestic LU Data | Product | 2025/12/19 | 2025/12/22 | 2025/12/23 | 2025/12/24 | 2025/12/25 | Change | | --- | --- | --- | --- | --- | --- | --- | | LU 01 | 2886 | 2969 | 2976 | 3000 | 3070 | 70 | | LU 05 | 2912 | 2974 | 2994 | 3013 | 3008 | - 5 | | LU 09 | 2952 | 3010 | 3026 | 3039 | 3044 | 5 | | LU 01 - 05 | - | - 5 | - 18 | - 13 | 62 | 75 | | LU 05 - 09 | - 40 | - 36 | - 32 | - 26 | - 36 | - 10 | | LU 09 - 01 | 66 | 41 | 50 | 39 | - 26 | - 65 | [3]