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Report Industry Investment Rating - Not provided Core Viewpoints - On January 28, the plastic operating rate remained at around 89%, at a neutral level. As of the week of January 23, the downstream operating rate of PE decreased by 1.4 percentage points to 39.53%, still at a relatively low level in the same lunar period in recent years. Near the end of the month, petrochemical inventory reduction was fast, and the current petrochemical inventory was at a relatively low level in the same period in recent years. Driven by low valuation, cold weather and the geopolitical situation in Iran, the sentiment of the chemical sector improved, and plastics followed the market sentiment to fluctuate strongly in the short term. However, the improvement of the plastics supply - demand pattern was limited, the spot follow - up was limited, the basis weakened, and the sustainability of the plastics rebound should be treated with caution. Due to the new production capacity of plastics put into operation recently, the operating rate was higher than that of PP, and the concentrated demand for mulch film had not started yet, so the L - PP spread was expected to decline [1]. Summary by Directory 1. Market Analysis - On January 28, the change in maintenance devices was small, and the plastic operating rate remained at around 89%, at a neutral level. The downstream operating rate of PE decreased, with the overall still at a relatively low level in the same lunar period in recent years. Petrochemical inventory reduction was fast, and the inventory was at a relatively low level in the same period in recent years. Cold weather increased diesel heating demand, and the geopolitical situation in Iran led to a rise in crude oil prices. New production capacities were put into operation in January 2026. The concentrated demand for mulch film had not started, and the downstream operating rate was expected to decline. Plastics followed the market sentiment to fluctuate strongly in the short term, but the sustainability of the rebound should be treated with caution, and the L - PP spread was expected to decline [1]. 2. Futures and Spot Market Conditions - **Futures**: The plastic 2605 contract increased in position and fluctuated upward, with a minimum price of 6885 yuan/ton, a maximum price of 6992 yuan/ton, and a final closing price of 6967 yuan/ton, above the 60 - day moving average, with a gain of 1.31%. The position increased by 10434 lots to 531194 lots [2]. - **Spot**: The PE spot market mostly rose, with price changes ranging from - 50 to + 100 yuan/ton. LLDPE was reported at 6820 - 7170 yuan/ton, LDPE at 8600 - 9280 yuan/ton, and HDPE at 6850 - 8190 yuan/ton [3]. 3. Fundamental Tracking - **Supply**: On January 28, the change in maintenance devices was small, and the plastic operating rate remained at around 89%, at a neutral level [1][4]. - **Demand**: As of the week of January 23, the downstream operating rate of PE decreased by 1.4 percentage points to 39.53%. The agricultural film orders were basically stable, at a neutral level in the same period in recent years, and the raw material inventory of agricultural film was basically stable. The packaging film orders increased slightly, and the overall downstream operating rate of PE was still at a relatively low level in the same lunar period in recent years [1][4]. - **Inventory**: On Wednesday, the petrochemical early - morning inventory decreased by 40,000 tons to 450,000 tons, 110,000 tons lower than the same lunar period last year. Near the end of the month, petrochemical inventory reduction was fast, and the current petrochemical inventory was at a relatively low level in the same period in recent years [4]. - **Raw Materials**: The Brent crude oil 03 contract rose above $67 per barrel. The price of Northeast Asian ethylene decreased by $5 per ton to $700 per ton, and the price of Southeast Asian ethylene remained flat at $685 per ton [4].

1. Report Industry Investment Rating - Not provided in the content. 2. Core View of the Report - PVC is expected to fluctuate weakly in the short - term due to high开工, high inventory, weak demand, and limited cost support. The V2605 daily K - line should pay attention to the support near 4860 [2][3][4]. 3. Summary by Relevant Catalogs 3.1. Futures Market - The closing price of PVC is 4913 yuan/ton, with a daily increase of 2 yuan; the trading volume is 1121915 lots, a decrease of 38791 lots; the open interest is 1039839 lots, a decrease of 20469 lots. The long positions of the top 20 futures holders are 998443 lots, a decrease of 29378 lots; the short positions are 1137859 lots, an increase of 10911 lots; the net long positions are - 139416 lots, a decrease of 40289 lots [3]. 3.2. Spot Market - The prices of ethylene - based PVC in East China and South China are 4890 yuan/ton (up 15 yuan) and 4930 yuan/ton (unchanged) respectively; the prices of calcium - carbide - based PVC are 4716.92 yuan/ton (down 15.77 yuan) and 4731.88 yuan/ton (down 26.25 yuan) respectively. The CIF prices of PVC in China and Southeast Asia are 680 and 660 US dollars/ton respectively (both unchanged), and the FOB price in Northwest Europe is 670 US dollars/ton (unchanged). The basis of PVC is - 201 yuan/ton, an increase of 8 yuan [3]. 3.3. Upstream Situation - The mainstream average prices of calcium carbide in Central China, North China, and Northwest China are 2750 yuan/ton (unchanged), 2715 yuan/ton (unchanged), and 2541 yuan/ton (down 2 yuan) respectively. The mainstream price of liquid chlorine in Inner Mongolia is - 150 yuan/ton (unchanged). The CFR mid - prices of VCM in the Far East and Southeast Asia are 402 US dollars/ton (unchanged) and 433 US dollars/ton (up 5 US dollars) respectively; the CFR mid - prices of EDC in the Far East and Southeast Asia are 189 US dollars/ton (unchanged) and 194 US dollars/ton (unchanged) respectively [3]. 3.4. Industry Situation - The weekly operating rate of PVC is 78.74%, a decrease of 0.89 percentage points; the operating rate of calcium - carbide - based PVC is 80%, an increase of 0.02 percentage points; the operating rate of ethylene - based PVC is 75.74%, a decrease of 3.05 percentage points. The total social inventory of PVC is 57.65 million tons, an increase of 1.49 million tons, including 52.74 million tons in East China (an increase of 1.12 million tons) and 4.91 million tons in South China (an increase of 0.37 million tons) [3]. 3.5. Downstream Situation - The national real - estate climate index is 91.45, a decrease of 0.45. The cumulative new housing construction area is 58769.96 million square meters, an increase of 5313.26 million square meters; the cumulative real - estate construction area is 659890.29 million square meters, an increase of 3824.09 million square meters; the cumulative real - estate development investment is 44895.98 billion yuan, an increase of 2871.41 billion yuan [3]. 3.6. Option Market - The 20 - day historical volatility of PVC is 19.9%, a decrease of 0.25 percentage points; the 40 - day historical volatility is 20.93%, an increase of 0.07 percentage points. The implied volatility of at - the - money put options is 19.9%, a decrease of 1.83 percentage points; the implied volatility of at - the - money call options is 19.91%, a decrease of 1.82 percentage points [3]. 3.7. Industry News - From January 17th to 23rd, the PVC capacity utilization rate decreased by 0.89% to 78.74%. The downstream product operating rate of PVC increased by 0.95% to 44.86%, among which the pipe operating rate increased by 1.6% to 37%, and the profile operating rate increased by 1.61% to 31.52%. As of January 22nd, the PVC social inventory was 117.75 million tons, a week - on - week increase of 2.92%. From January 16th to 22nd, the average cost of calcium - carbide - based PVC nationwide increased to 5175 yuan/ton, and the average cost of ethylene - based PVC decreased to 4924 yuan/ton; the profit of calcium - carbide - based PVC decreased to - 800 yuan/ton with deeper losses, and the profit of ethylene - based PVC increased to - 49 yuan/ton [3].

塑料产业日报 2026-01-28 计震荡走势，日度K线关注6900附近支撑与7030附近压力。 免责声明 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为 瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货主力合约收盘价:聚乙烯(日,元/吨) | 6967 | 68 1月合约收盘价:聚乙烯(日,元/吨) | 7025 | 78 | | | 5月合约收盘价:聚乙烯(日,元/吨) | 6967 | 68 9月合约收盘价:聚乙烯(日,元/吨) | 7015 | 85 | | | 成交量(日,手) | 559235 | 62270 持仓 ...

证券之星消息，1月28日塑料板块较上一交易日下跌1.71%，福莱新材领跌。当日上证指数报收于 4151.24，上涨0.27%。深证成指报收于14342.9，上涨0.09%。塑料板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 002361 神剑股份 | | - 4941.27万 | 2.62% | -3819.85万 | -2.03% | -1121.42万 | -0.59% | | 002522 浙江众成 | | 3319.09万 | 8.86% | 89.17万 | 0.24% | -3408.26万 | -9.10% | | 002585 双星新材 | | 2042.61万 | 6.34% | 1550.73万 | 4.81% | -3593.34万 | -11.16% | | 605589 圣泉集团 | | 1916.52万 | 3.52% | -3274.13万 | -6.02% | ...

单独看2025年9月份，重庆市规模以上工业企业初级形态的塑料产量达到了2.9万吨，与2024年同期的数 据相比，9月份的产量增长了9.5%，增速较2024年同期高61.9个百分点，增速较同期全国低0.9个百分 点，约占同期全国规模以上企业初级形态的塑料产量1266.54696万吨的比重为0.2%。 摘要：【图】2025年9月重庆市初级形态的塑料产量统计分析 2025年1-9月初级形态的塑料产量分析： 据国家统计局数据，在2025年的前9个月，重庆市规模以上工业企业初级形态的塑料产量累计达到了 22.5万吨，与2024年同期的数据相比，下降了8.2%，增速较2024年同期高40.7个百分点，增速较同期全 国低19.8个百分点，约占同期全国规模以上企业初级形态的塑料产量10970.31113万吨的比重为0.2%。 图表：重庆市初级形态的塑料产量分月（累计值）统计 2025年9月初级形态的塑料产量分析： 图表：重庆市初级形态的塑料产量分月（当月值）统计 注：初级形态的塑料2004年及以前名称为塑料树脂及共聚物，简称塑料。 从2011年起，我国规模以上工业企业起点标准由原来的年主营业务收入500万元提高到年主营业务收 ...

证券日报网讯1月27日，凯盛新材（301069）在互动平台回答投资者提问时表示，公司PEKK产品是一 种高性能热塑性工程塑料，具有优异的力学性能、耐磨性、耐腐蚀性、自润滑性、绝缘稳定性以及较高 的使用温度，其可以被用于航空航天等领域。 ...

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints of the Report - On January 27, new maintenance devices such as Qilu Petrochemical's HDPE Line 2 were added, causing the plastic operating rate to drop to around 89%, currently at a neutral level. The downstream operating rate of PE decreased to 39.53%, still at a relatively low level in the lunar calendar of recent years. The petrochemical inventory is at a relatively low level in the same period of recent years. The cost - end factors like cold weather and the tense situation in Iran have pushed up the crude oil price. New production capacities were put into operation in January 2026. The plastic is expected to oscillate strongly in the short - term, but the sustainability of the rebound should be treated with caution. The L - PP spread is expected to decline. [1] 3. Summary According to Relevant Catalogs 3.1 Market Analysis - On January 27, new maintenance devices led to a decline in the plastic operating rate to around 89%, at a neutral level. As of the week of January 23, the PE downstream operating rate decreased by 1.4 percentage points to 39.53%. The petrochemical inventory is at a relatively low level in the same period of recent years. Cold weather and the tense situation in Iran pushed up the crude oil price. New production capacities were put into operation. The plastic is expected to oscillate strongly in the short - term, but the sustainability of the rebound should be treated with caution. The L - PP spread is expected to decline. [1] 3.2 Futures and Spot Market Conditions Futures - The plastic 2605 contract oscillated with increased positions, with a minimum price of 6,831 yuan/ton, a maximum of 6,920 yuan/ton, and a final closing price of 6,899 yuan/ton, above the 60 - day moving average, with a decline of 0.23%. The position increased by 5,747 lots to 520,760 lots. [2] Spot - Most of the PE spot market declined, with price changes ranging from - 60 to + 50 yuan/ton. LLDPE was reported at 6,720 - 7,070 yuan/ton, LDPE at 8,650 - 9,280 yuan/ton, and HDPE at 6,840 - 8,190 yuan/ton. [3] 3.3 Fundamental Tracking - Supply: On January 27, new maintenance devices led to a decline in the plastic operating rate to around 89%, at a neutral level. - Demand: As of the week of January 23, the PE downstream operating rate decreased by 1.4 percentage points to 39.53%. The agricultural film orders were basically stable, and the raw material inventory was also stable. The packaging film orders increased slightly, but the overall PE downstream operating rate was still at a relatively low level in the lunar calendar of recent years. - Inventory: The petrochemical early - morning inventory on Tuesday decreased by 60,000 tons to 490,000 tons, 20,000 tons higher than the same period last year. Currently, the petrochemical inventory is at a relatively low level in the same period of recent years. - Raw materials: The Brent crude oil 03 contract dropped to 65 US dollars/barrel. The ethylene price in Northeast Asia remained flat at 705 US dollars/ton week - on - week, and that in Southeast Asia remained flat at 685 US dollars/ton week - on - week. [4]

Group 1 - The plastic sector experienced a slight increase of 0.16% on January 27, with Stik leading the gains [1] - The Shanghai Composite Index closed at 4139.9, up by 0.18%, while the Shenzhen Component Index closed at 14329.91, up by 0.09% [1] - Stik's stock price rose by 20.00% to 50.04, with a trading volume of 458,000 shares and a transaction value of 2.15 billion [1] Group 2 - The plastic sector saw a net outflow of 1.263 billion from major funds, while retail investors contributed a net inflow of 1.333 billion [2] - The top gainers included Kent Shares, which rose by 7.60% to 54.36, and Su Lai New Materials, which increased by 4.69% to 44.66 [1][2] - The top losers included Ruihua Tai, which fell by 4.73% to 29.62, and Foshan Plastic Technology, which decreased by 4.51% to 12.07 [2]

初级形态的塑料产量：15.8 万吨 2025年1-9月初级形态的塑料产量统计： 摘要：【图】2025年1-9月河南省初级形态的塑料产量统计分析 2025年9月初级形态的塑料产量统计： 同比增长：2.6% 增速较上一年同期变化：低6.4个百分点 据统计，2025年9月河南省规模以上工业企业初级形态的塑料产量与上年同期相比增长了2.6%，达15.8 万吨，增速较上一年同期低6.4个百分点，增速放缓，增速较同期全国低7.8个百分点，约占同期全国规 模以上企业初级形态的塑料产量1266.54696万吨的比重为1.3%。 详见下图： 图1：河南省初级形态的塑料产量分月（当月值）统计图 注：初级形态的塑料2004年及以前名称为塑料树脂及共聚物，简称塑料。 从2011年起，我国规模以上工业企业起点标准由原来的年主营业务收入500万元提高到年主营业务收入 2000万元。 产业调研网为您提供更多 石油化工行业最新动态 石油行业监测及发展趋势 化工未来发展趋势预测 日化现状及发展前景 润滑油发展前景趋势分析 汽油的现状和发展趋势 柴油行业现状与发展趋势 橡胶市场现状及前景分析 塑料市场调研与发展前景 化妆品发展现状及前景预测清洁 ...