证券之星消息，12月11日塑料板块较上一交易日下跌1.23%，道明光学领跌。当日上证指数报收于 3873.32，下跌0.7%。深证成指报收于13147.39，下跌1.27%。塑料板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 从资金流向上来看，当日塑料板块主力资金净流出5.49亿元，游资资金净流入8811.3万元，散户资金净 流入4.6亿元。塑料板块个股资金流向见下表： ...

商 品 研 究 2025 年 12 月 11 日 LLDPE：单边下跌，基差再度转弱 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 | | --- | --- | --- | --- | --- | --- | | | L2601 | 6561 | 0.06% | 601624 | -72250 | | 基差月差变化 | | 昨日价差 | | 前日价差 | | | | 01合约基差 | -61 | | 1 3 | | | | 01-05合约价差 | -38 | | -53 | | | 重要现货价格 | | 昨日价格 | （元/吨） | 前日价格 | （元/吨） | | | 北 华 | 6500 | | 6570 | | | | 华 东 | 6700 | | 6750 | | | | 华 南 | 6600 | | 6670 | | 资料来源：卓创资讯，国泰君安期货 【现货消息】 期货盘面承压下行，华北 LL 基差昨日暂时升水后，今天 LL 现货加速下跌；仓单近 ...

Core Insights - On December 10, 2023, brokerage firms provided target prices for listed companies, with significant increases noted for Yilian Network, Xingfu Electronics, and Yingke Recycling, showing target price increases of 53.21%, 40.35%, and 35.77% respectively, across the communication equipment, electronic chemicals, and plastics industries [1][2]. Group 1: Target Price Increases - Yilian Network received a target price of 53.50 yuan, reflecting a target price increase of 53.21% [2]. - Xingfu Electronics was assigned a target price of 52.00 yuan, with a target price increase of 40.35% [2]. - Yingke Recycling's target price is set at 40.04 yuan, indicating a target price increase of 35.77% [2]. - Guizhou Tire, with a target price of 6.60 yuan, shows a target price increase of 29.92% [2]. - Guki Wool Material has a target price of 33.00 yuan, reflecting a target price increase of 23.32% [2]. Group 2: Rating Adjustments - Three companies had their ratings upgraded on December 10, including Yingke Recycling, which was upgraded from "Hold" to "Buy" by Huatai Securities [3][4]. - Tian Nai Technology's rating was raised from "Hold" to "Outperform" by Guosen Securities [3][4]. - Haiguang Information's rating was upgraded from "Range Trading" to "Buy" by Qunyi Securities (Hong Kong) [3][4]. Group 3: First-Time Coverage - Eight companies received initial coverage from brokerages on December 10, including Guizhou Tire, which was rated "Buy" by Global Fortune Financial [5][6]. - Fusheng Technology received an "Increase" rating from China Merchants Securities [5][6]. - Kaizhong Co. was rated "Increase" by Northeast Securities [5][6]. - Hand Information was rated "Buy" by CITIC Construction Investment Securities [5][6]. - Guki Wool Material was rated "Increase" by Tianfeng Securities [5][6].

Group 1: Report Industry Investment Rating - Not provided Group 2: Report's Core View - On December 10, 2025, the plastic market is expected to have weak and volatile trends. The supply side has new capacity put into operation and the plastic operating rate is slightly rising. The demand side sees the PE downstream operating rate at a low - level in the same period in recent years, with the agricultural film season ending and orders decreasing. The cost - end crude oil price is falling, and the overall supply - demand pattern of plastics remains unchanged. The L - PP spread is expected to decline due to potential new capacity and the exit of the agricultural film season [1] Group 3: According to Related Catalogs 1.行情分析 - On December 10, the plastic operating rate remained at around 90%, at a neutral level. As of the week of December 5, the PE downstream operating rate dropped 0.54 percentage points to 43.76%, with agricultural film orders decreasing. The petrochemical inventory is at a high level in the same period in recent years. The crude oil price fell due to the resumption of production in some Iraqi oilfields and the decline in the refined - oil crack spread in Europe and America. New plastic production capacity has been put into operation. The agricultural film season is ending and downstream demand is expected to decline. The overall supply - demand pattern of plastics remains unchanged, and the market is expected to be weak and volatile. The L - PP spread is expected to fall [1] 2.期现行情 Futures - The 2601 plastic contract decreased in positions and fluctuated. The lowest price was 6523 yuan/ton, the highest was 6592 yuan/ton, and it closed at 6561 yuan/ton, below the 60 - day moving average, down 0.52%. The position volume decreased by 72,250 lots to 267,012 lots [2] Spot - Most PE spot prices fell, with the range from - 100 to + 0 yuan/ton. LLDPE was reported at 6500 - 6770 yuan/ton, LDPE at 8170 - 8880 yuan/ton, and HDPE at 6800 - 7570 yuan/ton [3] 3.基本面跟踪 - Supply side: On December 10, the plastic operating rate remained at around 90%, at a neutral level - Demand side: As of the week of December 5, the PE downstream operating rate dropped 0.54 percentage points to 43.76%, with agricultural film and packaging film orders decreasing. The overall PE downstream operating rate is at a low level in the same period in recent years - Inventory: On Wednesday, the petrochemical early - morning inventory decreased by 0.5 million tons to 6.9 million tons, 0.4 million tons higher than the same period last year, at a high level in the same period in recent years - Raw material: The Brent crude oil 02 contract fell to $62/barrel, while the Northeast Asian ethylene price remained flat at $725/ton, and the Southeast Asian ethylene price remained flat at $745/ton [4]

以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 从资金流向上来看，当日塑料板块主力资金净流出1.97亿元，游资资金净流出4737.42万元，散户资金净 流入2.44亿元。塑料板块个股资金流向见下表： 证券之星消息，12月10日塑料板块较上一交易日上涨0.13%，永悦科技领涨。当日上证指数报收于 3900.5，下跌0.23%。深证成指报收于13316.42，上涨0.29%。塑料板块个股涨跌见下表： ...

同益股份公告，公司第五届董事会第十一次会议审议通过了《关于部分募集资金投资项目延期的议 案》，决定将"中高端工程塑料研发中心与总部基地建设项目"达到预定可使用状态的日期由原计划的 2025年12月31日调整至2026年12月31日。此次延期不涉及项目实施主体、资金用途及投资规模的变更， 且已在董事会审批权限范围内，无需提交股东会审议。 ...

交易咨询业务资格：证监许可【2012】1091号 PVC期货早报 2025年12月10日 大越期货投资咨询部 金泽彬 从业资格证号：F3048432 投资咨询证：Z0015557 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 电石法成本走弱，乙烯法成本走弱，总体成本走弱；本周供给压力有所减少；下周预计检修有所减少， 6、预期: 预计排产将会增加。总体库存处于高位；当前需求或持续低迷；持续关注宏观政策及出口动态， PVC2601:在4340-4394区间震荡。 3 每日观点 供给端来看，据隆众统计，2025年11月PVC产量为207.926万吨，环比减少2.29%；本周样本企业产能利 用率为79.89%，环比减少0.00个百分点；电石法企业产量35.5176万吨，环比减少0.10%,乙烯法企业产 量13.526万吨，环比增加1.46%；本周供给压力有所减少；下周预计检修有所减少，预计排产 ...

20251210申万期货品种策略日报-聚烯烃（LL&PP） | | 申银万国期货研究所 陆甲明 （从业编号F3079531 交易咨询号Z0015919） lujm@sywgqh.com.cn 021-50583880 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | LL PP | 1月 | 5月 | 9月 | 1月 | 5月 | 9月 | | | 前日收盘价 | 6557 | 6610 | 6656 | 6192 | 6280 | 6322 | | 期 | 前2日收盘价 涨跌 | 6643 -86 | 6708 -98 | 6754 -98 | 6275 -83 | 6370 -90 | 6409 -87 | | 货 | | | | | | | | | 市 | 涨跌幅 | -1.29% | -1.46% | -1.45% | -1.32% | -1.41% | -1.36% | | | 成交量 | 228488 | 193612 | 2327 | 245848 | 139975 | 3064 | | 场 | 持仓量 | 3 ...

证券日报网讯 12月9日，会通股份在互动平台回答投资者提问时表示，公司主要根据下游客户的订单实 行"以销定产"的生产模式，产量稳步提升中，具体请详见公司定期报告。 ...

Report Industry Investment Rating No relevant content provided. Core View of the Report The plastics supply and demand pattern remains unchanged, with a weak trading atmosphere and no further macro - level positives. It is expected that plastics will experience a weak and volatile trend in the near term. Due to potential new capacity additions this year and the gradual exit of the agricultural film peak season, the L - PP spread is expected to decline [1]. Summary by Related Catalogs Market Analysis - On December 9, the restart of maintenance devices such as Ningxia Baofeng's HDPE Phase II led to the plastics operating rate rising to around 90%, which is at a neutral level. As of the week ending December 5, the downstream PE operating rate decreased by 0.54 percentage points to 43.76%. The agricultural film peak season is ending, with orders continuing to decline, and the overall downstream PE operating rate is at a relatively low level compared to the same period in previous years. Petrochemical inventories are at a relatively high level compared to the same period in previous years. The cost - side crude oil price has dropped. There has been new capacity put into production, and the plastics operating rate has slightly increased. With the end of the agricultural film peak season, downstream demand is expected to decline. The overall plastics supply - demand pattern remains unchanged, and it is expected to be weakly volatile in the near term [1]. Futures and Spot Market Conditions - **Futures**: The plastics 2601 contract decreased in position, fluctuated, and trended downward, closing at 6557 yuan/ton, down 1.37%. The position volume decreased by 34,931 lots to 339,262 lots [2]. - **Spot**: The PE spot market mostly declined, with price changes ranging from - 100 to + 0 yuan/ton. LLDPE was reported at 6600 - 6870 yuan/ton, LDPE at 8190 - 8980 yuan/ton, and HDPE at 6860 - 7570 yuan/ton [3]. Fundamental Tracking - **Supply**: On December 9, the restart of maintenance devices such as Ningxia Baofeng's HDPE Phase II led to the plastics operating rate rising to around 90%, at a neutral level [4]. - **Demand**: As of the week ending December 5, the downstream PE operating rate decreased by 0.54 percentage points to 43.76%. The agricultural film peak season is ending, orders are decreasing, and the overall downstream PE operating rate is at a relatively low level compared to the same period in previous years [4]. - **Inventory**: On Tuesday, the petrochemical early - morning inventory increased by 0.5 million tons to 69.5 million tons, 3.5 million tons higher than the same period last year, and is at a relatively high level compared to the same period in previous years [4]. - **Raw Materials**: The Brent crude oil 02 contract fell below $63 per barrel, while the Northeast Asian ethylene price remained flat at $725 per ton, and the Southeast Asian ethylene price remained flat at $745 per ton [4].