2026 年 2 月 3 日 商 品 研 究 LLDPE：进口利润缩窄递盘有限，油价支撑转 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 | | --- | --- | --- | --- | --- | --- | | | L2605 | 6878 | -1.94% | 885291 | -7317 | | 基差月差变化 | | 昨日价差 | | 前日价差 | | | | 05合约基差 | -158 | | -154 | | | | 05-09合约价差 | -41 | | -55 | | | 重要现货价格 | | 昨日价格 | （元/吨） | 前日价格 | （元/吨） | | | 华 北 | 6720 | | 6860 | | | | 东 华 | 6880 | | 7000 | | | | 华 南 | 6940 | | 7030 | | 资料来源：卓创资讯，国泰君安期货 【现货消息】 期货回落，上游前期库存转移，企业报价维持，代理开单及中游销售较弱。裕 ...

Group 1 - The core viewpoint of the articles highlights the strong performance of the National Petroleum and Natural Gas Index (399439), which rose by 1.82%, driven by significant gains in constituent stocks such as Jereh Group (002353) up 8.26% and China Merchants Energy Shipping (601872) up 6.81% [1] - The geopolitical situation in Venezuela is escalating, which is crucial as Venezuela holds the largest proven oil reserves globally, exceeding 300 billion barrels, with a current production of approximately 1 million barrels per day [1] - According to Everbright Securities, the increasing tension in Venezuela is expected to make oil production a central element in future negotiations between the U.S. and Venezuela, potentially supporting global oil prices [1] Group 2 - As of November 28, 2025, the top ten weighted stocks in the National Petroleum and Natural Gas Index include China National Petroleum (601857), China Petroleum & Chemical (600028), and China National Offshore Oil (600938), collectively accounting for 65.78% of the index [2] - The Oil and Gas ETF (159697) closely tracks the National Petroleum and Natural Gas Index, reflecting the price changes of publicly listed companies in the oil and gas sector on the Shanghai and Shenzhen stock exchanges [1][2]