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宝城期货能化板块数据周报-20250829
Bao Cheng Qi Huo· 2025-08-29 08:51
Report Summary 1) Report Industry Investment Rating No relevant content provided. 2) Core View of the Report - This week, the domestic energy and chemical commodity sector showed a trend of rising first and then falling, with a weak downward movement. The cost support for energy and chemical commodities weakened due to the decline of domestic and international crude oil futures prices. Additionally, the supply - demand structure in the downstream of the energy and chemical industry was weak, and there was still pressure for inventory accumulation. Some products like fuel oil, styrene, ethylene glycol, polypropylene, and PVC maintained the inventory accumulation trend, while asphalt, PTA, and plastics maintained the de - stocking rhythm. Overall, after the previous macro - positive factors were gradually digested, the energy and chemical commodities shifted to a market dominated by their own supply - demand fundamentals [4]. 3) Summary by Related Catalog Energy and Chemical Commodity Market General Situation - The domestic energy and chemical commodity sector had a weak downward trend this week, influenced by the decline of crude oil prices and weak downstream supply - demand [4]. Data Charts of Some Energy and Chemical Products - **Rubber**: There are charts of rubber basis, 9 - 1 spread, Shanghai Futures Exchange rubber futures inventory, and other related data [6][7][9] - **Methanol**: Charts include methanol basis, 9 - 1 spread, domestic port inventory, inland social inventory, methanol - to - olefin开工率, and coal - to - methanol cost accounting [19][21][27] - **Crude Oil**: There are charts of crude oil basis, Shanghai Futures Exchange crude oil futures inventory, US crude oil commercial inventory, US refinery开工率, and WTI and Brent crude oil net position changes [32][34][36] - **Fuel Oil**: Charts cover domestic high - sulfur fuel oil basis, high - sulfur fuel oil spread, domestic fuel oil production, Singapore fuel oil inventory, global major shipping indices, and Shanghai Futures Exchange high - sulfur fuel oil futures inventory [45][47][48] - **Asphalt**: There are charts of domestic asphalt basis, asphalt spread, domestic asphalt production, domestic refinery asphalt装置开工率, domestic asphalt imports, and Shanghai Futures Exchange asphalt weekly inventory [59][61][62] - **PTA**: Charts include domestic PTA basis, 9 - 1 spread, domestic PTA装置开工率, domestic PTA weekly production, Zhengzhou Commodity Exchange PTA warehouse receipts, and PTA enterprise weekly inventory [73][75][77] - **Ethylene Glycol**: There are charts of ethylene glycol basis, 9 - 1 spread, domestic ethylene glycol开工率, domestic ethylene glycol weekly production, polyester industry chain开工率, and East China ethylene glycol inventory [85][87][89] - **Styrene**: Charts cover domestic styrene basis, 9 - 1 spread, domestic styrene开工率, domestic styrene factory inventory, domestic styrene registered warehouse receipts, and East + South China port styrene inventory [97][99][100] - **Plastic**: There are charts of LLDPE basis, 9 - 1 spread, domestic PE and LLDPE monthly production, domestic polyethylene imports, Dalian Commodity Exchange plastic warehouse receipts, and domestic plastic products [111][112][113] - **PP**: Charts include polypropylene basis, 9 - 1 spread, Taiwan polypropylene production, domestic PP imports, domestic polypropylene downstream开工率, and domestic polypropylene warehouse receipts [122][124][126] - **PVC**: There are charts of domestic PVC basis, 9 - 1 spread, ethylene production, domestic PVC imports, Dalian Commodity Exchange PVC warehouse receipts, and housing completion and sales area cumulative values [132][133][134]