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能源化工期权策略早报-20250711
Wu Kuang Qi Huo· 2025-07-11 03:36
能源化工期权策略早报概要:能源类:原油、LPG;聚烯烃类期权:聚丙烯、聚氯乙烯、塑料、苯乙烯;聚酯类期 权:对二甲苯、PTA、短纤、瓶片;碱化工类:烧碱、纯碱;其他能源化工类:橡胶等。 策略上:构建卖方为主的期权组合策略以及现货套保或备兑策略增强收益。 表1:标的期货市场概况 | 期权品种 | 标的合约 | 最新价 | 涨跌 | 涨跌幅 | 成交量 | 量变化 | 持仓量 | 仓变化 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | (%) | (万手) | | (万手) | | | 原油 | SC2508 | 520 | 4 | 0.85 | 12.89 | -2.29 | 2.45 | -0.00 | | 液化气 | PG2508 | 4,192 | 14 | 0.34 | 4.24 | -0.85 | 5.19 | -0.05 | | 甲醇 | MA2509 | 2,393 | 28 | 1.18 | 81.79 | 19.48 | 71.13 | 1.70 | | 乙二醇 | EG2509 | 4,308 | 33 ...
受最新关税升级影响,黄金价格在亚盘一度上冲,随后回撤至3325美元后寻得支撑,并再次测试日内高点。VIP盯盘神器显示,黄金多空订单比呈现中性偏空,情绪转折点可能在3340美元左右。支撑位:15分钟的实盘订单流数据显示,3326的位置存在大量买盘,构成短期较强支撑。阻力位:指标共振点(15分钟)显示,下方最强支撑位在3321,结合上方的大量买盘,此处不破有望进一步上攻。具体见“VIP专区-盯盘神器”。
news flash· 2025-07-11 03:22
盯盘神器使用指南: 盯盘神器·现货黄金:黄金再度测试日内高点 受最新关税升级影响,黄金价格在亚盘一度上冲,随后回撤至3325美元后寻得支撑,并再次测试日内高点。VIP盯盘神器显示, 黄金多空订单比呈现中性偏空,情绪转折点可能在3340美元左右。 支撑位:15分钟的实盘订单流数据显示,3326的位置存在大量买盘,构成短期较强支撑。 阻力位:指标共振点(15分钟)显示,下方最强支撑位在3321,结合上方的大量买盘,此处不破有望进一步上攻。 具体见"VIP专区-盯盘神器"。 ...
尿素早评:供应仍有压力,转机在于出口-20250711
Hong Yuan Qi Huo· 2025-07-11 02:17
| | | | | 尿素早评20250711: 供应仍有压力,转机在于出口 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 日慶 | 单位 7月10日 7月9日 | | | | 变化值 | 変化值 | | | | | | | | (絶対值) | (相对值) | | 期现价格 | 尿素期货价格 (收盘价) | UR01 山西 | 元/吨 元/吨 | 1733.00 1720.00 | 1736.00 1700.00 | -3.00 20.00 | -0.17% 1.18% | | | | UR05 | 元/吨 | 1737.00 | 1736.00 | 1.00 | 0.06% | | | | UR09 | 元/吨 | 1777.00 | 1770.00 | 7.00 | 0.40% | | | | 山东 | 元/吨 | 1860.00 | 1840.00 | 20.00 | 1.09% | | | 国内现货价格 | 河南 | 元/吨 | 1850.00 | 1840.00 | 10.00 | 0.54% | | | (小顆粒) | 河 ...
从蒙煤成本详细拆分看焦煤行业价格支撑位置
2025-07-11 01:05
从蒙煤成本详细拆分看焦煤行业价格支撑位置 20250710 摘要 国内焦煤矿井产能利用率自 5 月底以来下降,从 90%降至 85%,主要 受矿难影响,虽略有回升,但仍低于前期水平,表明国内焦煤供给端存 在收缩。 外蒙古焦煤进口受多重因素影响,包括政治因素和贸易商亏损,导致通 关量下降,从每日 1,000 车降至 700-800 车,对国内焦煤供应形成一 定制约。 下游钢铁行业铁水产量维持高位,盈利面达 50%-60%,生产积极性较 高,对焦煤需求形成支撑,但需关注钢铁行业政策变化对需求的影响。 焦煤库存全面下降,坑口库存、甘其毛都口岸库存、港口库存均显著减 少,表明市场供需关系趋紧,为焦煤价格提供支撑。 ETT 公司 2023 年报显示其焦煤单位销售成本约为 21 美元,完全成本 预计在 40 美元以内,为评估蒙古焦煤进口成本提供参考,需关注汇率 波动的影响。 三季度以来,蒙古焦煤贸易商盈利状况改善,从二季度亏损转为盈利, 但不同公司盈利情况存在差异,需关注长协价格和现货价格的变动。 蒙古五号精煤运抵唐山地区总成本约为 1,131 元,考虑硫含量、挥发分 和交割地差异后,承担成本约为 860 元,与煤炭资源 ...
五矿期货能源化工日报-20250711
Wu Kuang Qi Huo· 2025-07-11 01:03
Report Industry Investment Rating No relevant content provided. Core Viewpoints - The current geopolitical risks in the crude oil market are still uncertain. Although OPEC has increased production slightly more than expected, the current fundamentals remain in a tight - balance. Crude oil is in a long - short game between strong reality and weak expectations. It is recommended that investors control risks and adopt a wait - and - see approach [2] - Methanol is currently in a situation of weak supply and demand. With the improvement of domestic commodity sentiment, the upward and downward space is limited. It is recommended to wait and see [3] - The supply and demand of domestic urea are acceptable, and the price has support at the bottom, but the upside is also restricted by high supply. The current valuation is neutral to low, and it is more advisable to pay attention to short - long opportunities on dips [5] - For rubber, it is expected to be easy to rise and difficult to fall in the second half of the year. Adopt a long - term bullish mindset, build positions opportunistically, and use a neutral - to - bullish short - term strategy [8][12] - PVC is expected to have strong supply and weak demand. The main logic of the market is inventory reduction and weakening. It will be under pressure in the future [14] - The price of styrene is expected to fluctuate following the cost side [17] - The price of polyethylene is expected to remain volatile [19] - The price of polypropylene is expected to be bearish in July [20] - For PX, after the end of the maintenance season, the load remains high. It is expected to continue to reduce inventory in the third quarter. Pay attention to the opportunity of going long on dips following crude oil [23] - For PTA, the supply is expected to continue to accumulate inventory, and the demand side is slightly under pressure. Pay attention to the opportunity of going long on dips following PX [24] - For ethylene glycol, the fundamentals are weak, and pay attention to the opportunity of short - selling on rallies [25] Summary by Directory Crude Oil - **Market Quotes**: WTI main crude oil futures fell $1.42, or 2.08%, to $66.87; Brent main crude oil futures fell $1.30, or 1.85%, to $68.88; INE main crude oil futures rose 2.80 yuan, or 0.54%, to 522.5 yuan [1] - **Data**: Singapore ESG weekly oil product data showed that gasoline inventory decreased by 0.37 million barrels to 12.00 million barrels, a 2.97% decrease; diesel inventory decreased by 0.15 million barrels to 9.74 million barrels, a 1.51% decrease; fuel oil inventory increased by 1.33 million barrels to 24.71 million barrels, a 5.68% increase; total refined oil inventory increased by 0.81 million barrels to 46.46 million barrels, a 1.78% increase [1] Methanol - **Market Quotes**: On July 10, the 09 contract rose 26 yuan/ton to 2398 yuan/ton, and the spot price rose 15 yuan/ton, with a basis of + 8 [3] - **Supply**: Domestic operating rate continued to decline by 3.89%, coal - to - methanol profit increased slightly, and overseas plant operating rate returned to medium - high levels [3] - **Demand**: Port MTO load decreased slightly, traditional demand operating rates varied, and it is currently the off - season. Downstream profit levels are generally low, and methanol valuation is still high [3] - **Inventory**: Both port and enterprise inventories increased during the off - season [3] Urea - **Market Quotes**: On July 10, the 09 contract rose 7 yuan/ton to 1777 yuan/ton, and the spot price rose 10 yuan/ton, with a basis of + 53 [5] - **Supply**: Domestic operating rate increased slightly, with a daily output of 19.6 tons, and the overall corporate profit is at a medium - low level [5] - **Demand**: The operating rate of compound fertilizers has bottomed out and rebounded, and exports are still ongoing. Future demand is concentrated in compound fertilizers and exports [5] Rubber - **Market Quotes**: Due to the bullish expectations in the real estate market, most industrial products rose, and NR and RU rose significantly [8] - **Long - Short Views**: Bulls believe that factors in Southeast Asia may lead to rubber production cuts, and rubber usually rises in the second half of the year. Bears think that the macro - economic outlook has deteriorated, demand is in the off - season, and the production cut may be less than expected [8] - **Industry Situation**: As of July 10, 2025, the operating rate of all - steel tires in Shandong was 64.54%, up 0.81 percentage points from last week and 5.59 percentage points from the same period last year. The operating rate of semi - steel tires in domestic tire enterprises was 72.55%, up 2.51 percentage points from last week and down 6.36 percentage points from the same period last year. Tire enterprises' shipment rhythm has slowed down, and inventory is under pressure [9] - **Inventory**: As of June 29, 2025, China's natural rubber social inventory was 129.3 tons, a 0.6% increase; the total inventory of dark - colored rubber was 78.9 tons, a 1.2% increase; the total inventory of light - colored rubber was 50.5 tons, a 0.3% decrease. As of July 7, 2025, the inventory of natural rubber in Qingdao was 50.52 (- 0.14) tons [10] - **Spot Prices**: Thai standard mixed rubber was 14150 (+ 300) yuan, STR20 was reported at 1735 (+ 30) dollars, STR20 mixed was 1740 (+ 30) dollars, Jiangsu and Zhejiang butadiene was 9100 (+ 50) yuan, and North China butadiene was 11200 (0) yuan [11] PVC - **Market Quotes**: The PVC09 contract rose 77 yuan to 5040 yuan, the spot price of Changzhou SG - 5 was 4860 (+ 70) yuan/ton, the basis was - 180 (- 7) yuan/ton, and the 9 - 1 spread was - 103 (- 8) yuan/ton [14] - **Cost**: The price of calcium carbide in Wuhai was 2250 (0) yuan/ton, the price of medium - grade semi - coke was 620 (- 10) yuan/ton, ethylene was 820 (0) dollars/ton, and the cost remained flat. The spot price of caustic soda was 820 (+ 10) yuan/ton [14] - **Supply**: The overall PVC operating rate was 77.4%, a 0.7% decrease; among them, the calcium carbide method was 80.8%, a 0.2% decrease; the ethylene method was 68.5%, a 1.9% decrease [14] - **Demand**: The overall downstream operating rate was 42.9%, a 0.1% increase [14] - **Inventory**: Factory inventory was 38.6 tons (- 0.9), and social inventory was 59.2 tons (+ 1.7) [14] Styrene - **Market Quotes**: Spot prices remained unchanged, while futures prices rose, and the basis weakened [17] - **Cost**: The operating rate of pure benzene increased, and the supply was relatively abundant [17] - **Supply**: The profit of ethylbenzene dehydrogenation increased, and the operating rate of styrene continued to rise. Port inventory increased [17] - **Demand**: In the off - season, the overall operating rate of the three S products decreased [17] Polyethylene - **Market Quotes**: Futures prices rose. The spot price remained unchanged, and the PE valuation has limited downward space [19] - **Supply**: The upstream operating rate was 77.82%, a 0.34% increase. Production enterprise inventory increased by 5.47 tons to 49.31 tons, and trader inventory decreased by 0.09 tons to 6.05 tons [19] - **Demand**: In the off - season, the demand for agricultural films was weak, and the overall operating rate fluctuated downward [19] Polypropylene - **Market Quotes**: Futures prices rose [20] - **Supply**: The profit of Shandong refineries has stopped falling and rebounded, and the operating rate is expected to gradually recover, increasing the supply of propylene [20] - **Demand**: The downstream operating rate decreased seasonally. In the off - season, both supply and demand are weak, and the price is expected to be bearish in July [20] PX - **Market Quotes**: The PX09 contract rose 58 yuan to 6782 yuan, and PX CFR rose 2 dollars to 852 dollars. The basis was 240 yuan (- 45), and the 9 - 1 spread was 64 yuan (- 10) [22] - **Supply**: The operating rate in China was 81%, a 2.8% decrease; the Asian operating rate was 74.1%, a 1.1% increase. Some domestic plants reduced production, while some overseas plants restarted or increased loads [22] - **Demand**: The PTA operating rate was 79.7%, a 1.5% increase [22] - **Inventory**: In late May, the inventory was 434.6 tons, a 16.5 - ton decrease from the previous month [23] - **Valuation**: PXN was 261 dollars (+ 9), and the naphtha crack spread was 84 dollars (+ 11) [23] PTA - **Market Quotes**: The PTA09 contract rose 24 yuan to 4742 yuan, and the East China spot price fell 15 yuan to 4735 yuan. The basis was 7 yuan (- 29), and the 9 - 1 spread was 12 yuan (- 16) [24] - **Supply**: The PTA operating rate was 79.7%, a 1.5% increase. Some plants increased production, and a plant in Taiwan, China restarted [24] - **Demand**: The downstream operating rate was 88.9%, a 1.3% decrease. Some plants restarted or underwent maintenance [24] - **Inventory**: On July 4, the social inventory (excluding credit warehouse receipts) was 213.5 tons, a 1.9 - ton increase [24] - **Valuation**: The spot processing fee of PTA decreased by 24 yuan to 128 yuan, and the futures processing fee decreased by 14 yuan to 293 yuan [24] Ethylene Glycol (EG) - **Market Quotes**: The EG09 contract rose 42 yuan to 4325 yuan, and the East China spot price rose 27 yuan to 4374 yuan. The basis was 70 (- 1), and the 9 - 1 spread was - 33 yuan (- 4) [25] - **Supply**: The EG operating rate was 68.1%, a 1.5% increase; among them, the syngas - based method was 73.1%, a 3.8% increase; the ethylene - based method was 64.2%, a 0.6% decrease. Some domestic and overseas plants restarted [25] - **Demand**: The downstream operating rate was 88.9%, a 1.3% decrease. Some plants restarted or underwent maintenance [25] - **Inventory**: The import forecast was 9.6 tons, and the East China port outbound volume on July 9 was 1.24 tons. Port inventory increased by 3.5 tons to 58 tons [25] - **Valuation**: The profit of naphtha - based production was - 644 yuan, the profit of domestic ethylene - based production was - 704 yuan, and the profit of coal - based production was 951 yuan [25]
金十VIP盯盘神器·积存金可实时查看积存金报价的黄金最新支撑阻力参考位。当前最新的指标共振点汇总图(1小时)显示,积存金价格已经站稳768.3的最强支撑位,此处存在多周期均线共振。当前距离上方最强阻力位尚远,在触及此处前仍存在部分上行空间。具体的支撑参考可以点击金十VIP页面-盯盘神器,选择“积存金”分类实时查看。注:本报价为国际金价换算参考的虚拟报价,不代表实际买卖成交数据,仅供参考。
news flash· 2025-07-10 06:58
盯盘神器·积存金:当前已站稳最强支撑区 金十VIP盯盘神器·积存金可实时查看积存金报价的黄金最新支撑阻力参考位。当前最新的指标共振点汇总图(1小时)显示,积 存金价格已经站稳768.3的最强支撑位,此处存在多周期均线共振。当前距离上方最强阻力位尚远,在触及此处前仍存在部分上 行空间。具体的支撑参考可以点击金十VIP页面-盯盘神器,选择"积存金"分类实时查看。 注:本报价为国际金价换算参考的虚拟报价,不代表实际买卖成交数据,仅供参考。 现货黄金 ...
日度策略参考-20250710
Guo Mao Qi Huo· 2025-07-10 06:47
Report Summary 1. Investment Ratings The report does not explicitly provide an overall industry investment rating. However, it offers specific outlooks and trading suggestions for various commodities. 2. Core Views - **Macro Environment**: Market uncertainties persist across different sectors, influencing the price movements of various commodities. The economic situation, policy changes, and geopolitical factors all play significant roles in shaping market trends [1]. - **Commodity - Specific Trends**: Different commodities have distinct price trends based on their supply - demand fundamentals, cost factors, and external influences such as tariffs and geopolitical events. For example, some metals are expected to face downward pressure due to factors like supply increases or cost - related issues, while others may see price rebounds or stabilizations [1]. 3. Summary by Commodity Categories **Macro - Financial** - **Equity Index**: In the short term, with limited domestic and international positive factors, but decent market sentiment and liquidity, the equity index may show a relatively strong oscillatory pattern [1]. - **Treasury Bonds**: Asset shortage and a weak economy are favorable for bond futures, but the central bank's short - term warning about interest - rate risks restricts upward movement [1]. **Precious Metals** - **Gold**: Given market uncertainties, the gold price is expected to mainly oscillate in the short term [1]. - **Silver**: Similar to gold, the silver price is likely to oscillate due to market uncertainties [1]. **Base Metals** - **Copper**: The potential implementation of US copper tariffs may lead to a back - flow of non - US copper, posing a risk of price correction for Shanghai and London copper [1]. - **Aluminum**: With the cooling of the Fed's interest - rate cut expectations and high prices suppressing downstream demand, the aluminum price faces a risk of decline. However, the domestic anti - involution policy boosts the expectation of supply - side reform, causing the alumina price to stabilize and rebound [1]. - **Zinc**: Tariff disturbances are increasing, and the expected inventory build - up is still pressuring the zinc price. Traders are advised to look for short - selling opportunities [1]. - **Nickel**: With macro uncertainties and a slight decline in the premium of Indonesian nickel ore, the nickel price is expected to oscillate weakly. Short - term short - selling is recommended, and in the long - term, the oversupply of primary nickel will continue to exert downward pressure [1]. - **Stainless Steel**: After a rebound, the sustainability of the stainless - steel price is uncertain. Short - term trading is advised, and selling hedges can be considered at high prices, while keeping an eye on raw - material changes and steel production [1]. - **Tin**: With increasing tariff disturbances, the tin price is mainly priced based on macro factors. In the short term, the supply - demand situation is weak, and the driving force for price movement is limited [1]. - **Industrial Silicon**: The supply shows a pattern of decrease in the north and increase in the south. Although the demand for polysilicon has a marginal increase, there are expectations of future production cuts. After the price rally, market divergence is likely to emerge [1]. - **Polysilicon**: There are expectations of supply - side reform in the photovoltaic market, and market sentiment is high [1]. - **Carbonate Lithium**: The supply side has not seen production cuts, downstream replenishment is mainly by traders, and there is capital - based gaming in the market [1]. **Black Metals** - **Rebar and Hot - Rolled Coil**: The strong performance of furnace materials provides cost support, but the spot market for hot - rolled coils has a risk of marginal weakening. Both are expected to oscillate [1]. - **Iron Ore**: In the short term, production has increased, demand is decent, supply - demand is relatively balanced, but cost support is insufficient, and the price is under pressure [1]. - **Manganese Silicon**: The price is under pressure due to short - term production increases, relatively balanced supply - demand, and insufficient cost support [1]. - **Silicon Iron**: Production has slightly increased, demand is okay, and supply - demand is relatively balanced [1]. - **Glass**: There is an improvement in the supply - demand margin in the short term, with stable supply and resilient demand. However, in the medium - term, oversupply may make it difficult for the price to rise [1]. - **Soda Ash**: Supply has been disrupted, direct and terminal demand is weak, cost support has weakened, and the price is under pressure [1]. - **Coking Coal and Coke**: For coking coal, short - term short - selling opportunities can be considered, and for coke, focus on selling hedges when the futures price has a premium [1]. **Agricultural Products** - **Palm Oil**: OPEC +'s unexpected production increase causes a decline in crude oil prices, and palm oil is expected to follow suit. In the long run, international oil - fat demand is expected to increase, so a bullish view is taken on far - month contracts [1]. - **Soybean Oil**: The near - month fundamentals are weak, but it may show a relatively strong performance due to the influence of palm oil [1]. - **Cotton**: In the short term, there are disturbances such as trade negotiations and weather premiums for US cotton. In the long - term, macro uncertainties are high. The domestic cotton - spinning industry is in the off - season, and downstream inventories are starting to accumulate. Overall, the domestic cotton price is expected to show a weakly oscillatory downward trend [1]. - **Sugar**: Brazil's 2025/26 sugar production is expected to reach a record high, but if crude oil prices continue to be weak, it may affect the sugar - production ratio and lead to higher - than - expected sugar output [1]. - **Corn**: Short - term policy - driven grain releases and a low wheat - corn price difference have a negative impact on the corn market. The futures price is expected to oscillate, and for the far - month CO1 contract, short - selling opportunities at high prices can be considered [1]. - **Soybean Meal**: In the US, the supply - demand balance sheet is expected to tighten. If Sino - US trade policies remain unchanged, there is an expectation of inventory reduction in the fourth quarter for soybean meal, and the far - month contract price is expected to rise. If an agreement is reached, the overall decline in the futures price is expected to be limited [1]. **Energy and Chemicals** - **Crude Oil and Fuel Oil**: With the cooling of the Middle - East geopolitical situation, the market returns to being dominated by supply - demand logic. OPEC +'s unexpected production increase and strong short - term consumption in Europe and the US during the peak season are the main influencing factors [1]. - **Natural Rubber**: The downstream demand is showing a weakening trend, the supply - side production is expected to increase, and inventory has slightly increased [1]. - **BR Rubber**: There have been recent device disturbances stimulating the price increase, OPEC's unexpected production increase, the fundamentals of synthetic rubber are under pressure, and attention should be paid to the price adjustments of butadiene and cis - butadiene and the de - stocking progress of synthetic rubber [1]. - **PTA**: The PTA basis continues to weaken, but the crude - oil price remains strong. The polyester downstream load remains at 90% despite the expectation of reduction, and the PTA spot market is becoming more abundant, with low replenishment willingness from polyester manufacturers due to profit compression [1]. - **Ethylene Glycol**: The coal price has slightly increased, the future arrival volume of ethylene glycol is large, and the concentrated procurement due to improved polyester sales has an impact on the market [1]. - **Short - Fiber**: The short - fiber warehouse - receipt registration volume is low, and factory maintenance has increased. With a high basis, the cost of short - fiber is closely related to the market [1]. - **Styrene**: The pure - benzene price has slightly recovered, the import volume has decreased, the styrene device load has increased, the styrene inventory is concentrated, and the styrene basis has significantly weakened [1]. - **Urea**: Domestic demand is average, the summer agricultural demand is coming to an end, but the export expectation in the second half of the year is improving [1]. - **PE**: With good macro - sentiment, many maintenance activities, and mainly rigid demand, the price is expected to oscillate strongly [1]. - **PP**: The maintenance support is limited, orders are mainly for rigid demand, and the anti - involution policy has boosted market sentiment, causing the price to oscillate strongly [1]. - **PVC**: The price of coking coal has increased, the market sentiment is good, the number of maintenance activities has decreased compared to the previous period, but the downstream has entered the seasonal off - season, and the supply pressure has increased. The price is expected to oscillate strongly [1]. - **Caustic Soda**: Maintenance is nearly over, the spot price has dropped to a low level, the decline in liquid chlorine has eroded the comprehensive profit of the chlor - alkali industry, and the number of current warehouse receipts is low. Attention should be paid to the change in liquid chlorine [1]. - **LPG**: The July CP prices of propane and butane have both decreased, OPEC + has unexpectedly increased production, the combustion and chemical demand for LPG is in the seasonal off - season, and the spot price decline is slow, so the PG price still has room to fall [1]. **Shipping** - **Container Shipping (European Route)**: There is a pattern of stable current situation and weak future expectations. The freight rate is expected to reach its peak in mid - July, showing an arc - top trend, and the peak - reaching time is advanced. The subsequent weeks will have sufficient capacity deployment [1].
金属期权策略早报-20250710
Wu Kuang Qi Huo· 2025-07-10 06:41
金属期权 2025-07-10 金属期权策略早报 | 卢品先 | 投研经理 | 从业资格号:F3047321 | 交易咨询号:Z0015541 | 邮箱:lupx@wkqh.cn | | --- | --- | --- | --- | --- | | 黄柯涵 | 期权研究员 | 从业资格号:F03138607 | 电话:0755-23375252 | 邮箱:huangkh@wkqh.cn | | 李仁君 | 产业服务 | 从业资格号:F03090207 | 交易咨询号:Z0016947 | 邮箱:lirj@wkqh.cn | 金属期权策略早报概要:(1)有色金属震荡回落,构建卖方中性波动率策略策略;(2)黑色系区间盘整震荡逐 渐,适合构建卖方期权中性组合策略;(3)贵金属黄金高位盘整弱势回落,构建现货避险策略。 | 表1:标的期货市场概况 | | --- | | 期权品种 | 标的合约 | 最新价 | 涨跌 | 涨跌幅 | 成交量 | 量变化 | 持仓量 | 仓变化 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | (%) ...
工业硅期货早报-20250710
Da Yue Qi Huo· 2025-07-10 03:14
交易咨询业务资格:证监许可【2012】1091号 工业硅期货早报 2025年7月10日 大越期货投资咨询部 胡毓秀 从业资格证号:F03105325 投资咨询证:Z0021337 联系方式:0575-85226759 1 重要提示:本报告非期货交易咨询业务项下服务,其中的观点和信息仅作参考之用,不构成对任何人的投资建议 。 我司不会因为关注、收到或阅读本报告内容而视相关人员为客户;市场有风险,投资需谨慎。 目 录 1 每日观点 2 基本面/持仓数据 每日观点——工业硅 供给端来看,上周工业硅供应量为7.4万吨,环比有所减少10.84%。 需求端来看,上周工业硅需求为6.9万吨,环比减少15.85%.需求持续低迷.多晶硅 库存为27.2万吨,处于高位,硅片亏损,电池片亏损,组件盈利;有机硅库存为 78100吨,处于高位,有机硅生产利润为55元/吨,处于盈利状态,其综合开工率为 68.88%,环比持平,高于历史同期平均水平;铝合金锭库存为2.89万吨,处于高 位,进口亏损为953元/吨,A356铝送至无锡运费和利润为627.44元/吨,再生铝开 工率为53.6%,环比持平,处于低位。 成本端来看,新疆地区样本通氧 ...
《能源化工》日报-20250710
Guang Fa Qi Huo· 2025-07-10 02:57
| L2601收盘价 | 7254 | 7225 | 29 | 0.40% | | | --- | --- | --- | --- | --- | --- | | L2509 收盘价 PP2601 收盘价 | 7278 7034 | 7245 7006 | 33 28 | 0.46% 0.40% | | | PP2509 收盘价 | 7078 | 7045 | 33 | 0.47% | | | L2509-2601 | 24 | 20 | 4 | 20.00% | | | PP2509-2601 | 44 | 39 | 5 | 12.82% | 元/吨 | | 华东PP拉丝现货 | 7100 | 7090 | 10 | 0.14% | | | 华北LDPE膜料现货 | 7170 | 7170 | 0 | 0.00% | | | 华北 塑料基差 | -110 | -80 | -30 | 37.50% | | | 华东 pp基差 | 30 | 50 | -20 | -40.00% | | | PE PP非标价格 | | | | | | | 品种 | 现值 | 前值 | 涨跌 | 涨跌幅 | 单位 | | 华东LD ...