商 品 研 究 2026 年 1 月 8 日 LLDPE：标品排产继续回落，基差弱稳 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 | 6642 | 0.96% | 662494 | -2207 | | 基差月差变化 | | 昨日价差 | | 前日价差 | | | | 05合约基差 | -162 | | -179 | | | | 05-09合约价差 | -45 | | -39 | | | 重要现货价格 | | 昨日价格 | （元/吨） | 前日价格 | （元/吨） | | | 北 华 | 6480 | | 6400 | | | | 华 东 | 6550 | | 6450 | | | | 华 南 | 6550 | | 6490 | | 资料来源：卓创资讯，国泰君安期货 【现货消息】 请务必阅读正文之后的免责条款部分 1 期货研究 国 泰 君 安 期 货 研 究 ...

高键说，坚持创新驱动，实施重点产业链高质量发展行动，推动高端聚乙烯瓶盖料、高洁净大中空 料、超低密度POP等高端产品增产增效；建设国家中小企业数字化转型试点城市，年内200家企业"智改 数转"。支持国瑞核电气冷堆石墨、橙子科技有机光伏、东工冶金3D铝丝、新宇生物化妆品原料等提升 品牌竞争力，加力2000P智算中心、林草药联合实验室等新兴产业项目建设，布局质子重离子医院。 承办"十五冬"雪上赛事是抚顺必须扛起的使命担当。对此，高键表示，抚顺将加快建设科技、智 慧、绿色的龙岗山滑雪场，10月具备测试赛条件。借势"十五冬"，建设冰雪名城，高标准打造30个特色 冰雪场景，举办月牙岛新春夜游季等活动100场，以冰雪赛事带动冰雪全产业链发展，把抚顺文体旅商 迅速推上去。 高键表示，打好"十五五"开局之战，关键是扩投资、促消费。今年是抚顺的"项目年"，专班推进石 化重整加氢、方大炭素技改、PEEK树脂等一季度开工，清原抽水蓄能二期、国药产业园、贵金属催化 剂等上半年开工；加大闲置资产和产业链招商力度，年内招引亿元以上项目超过120个。实施提振消费 专项行动，借力通高铁，推动特色餐饮、民俗民宿发展，举办满族风情节、雷锋主题研 ...

PA12 E55-S3是一种高性能聚酰胺材料，具有优异的机械强度、耐化学性和热稳定性。本文由宝通135塑胶39094786提供信息。以下是关于该材料的详细介 绍： 该材料的化学稳定性值得关注。它对大多数有机溶剂、油类和弱酸弱碱都具有良好的耐受性，特别适合用于汽车燃油系统和液压系统的零部件制造。同时， PA12 E55-S3还表现出优异的耐磨性能，摩擦系数低，适用于需要长期滑动接触的部件。 加工性能方面，PA12 E55-S3具有良好的熔体流动性，熔体流动指数（MFI）约为8-12g/10min（235℃/2.16kg）。这种特性使其适用于注塑成型、挤出成型等 多种加工工艺。建议的加工温度范围为190-220℃，模具温度控制在40-80℃可获得最佳成型效果。 电气性能上，PA12 E55-S3表现出色。其体积电阻率高达10¹⁵Ω·cm，介电强度为30kV/mm，介电常数（1MHz）为3.0-3.2，这些特性使其适合用于电子电气领 域的绝缘部件。 an 的电 75 ATIV pt 11 11 25 ical 在实际应用中，PA12 E55-S3常用于制造汽车燃油管、刹车管、气动管路等关键部件。在工业领域，它被广泛 ...

1. Report Industry Investment Rating - Not provided 2. Core Viewpoints of the Report - The plastic supply and demand pattern has limited improvement, and the recent upside space of plastic is expected to be limited [1]. - Due to the new plastic production capacity put into operation recently and the gradual exit of the agricultural film peak - season, the L - PP spread is expected to decline [1]. 3. Summary by Relevant Catalogs 3.1 Market Analysis - On January 7, there were little changes in maintenance devices, and the plastic operating rate remained at around 88%, at a neutral level [1][4]. - As of the week ending January 2, the PE downstream operating rate decreased by 0.68 percentage points to 41.15% week - on - week. The agricultural film is gradually exiting the peak season, and its orders continue to decline. The overall PE downstream operating rate is still at a relatively low level in the same period in recent years [1][4]. - The inventory accumulation during the New Year's Day this year is not large, and the current petrochemical inventory is at a neutral level in the same period in recent years [1][4]. - Under the oversupply of crude oil, the US military's raid on Venezuela has caused geopolitical concerns, but the key oil facilities in the country are not damaged. Trump said Venezuela will transfer 30 - 50 million barrels of oil to the US, and the crude oil price remains weak [1]. - New production capacities have been put into operation, and the recent plastic operating rate has slightly decreased. The demand in the north has decreased, and downstream enterprises have insufficient procurement willingness. Although the macro - environment is warm, the plastic supply - demand pattern improvement is limited [1]. 3.2 Futures and Spot Market Conditions - Futures: The plastic 2605 contract decreased in positions and fluctuated upward, with the lowest price of 6581 yuan/ton, the highest price of 6666 yuan/ton, and finally closing at 6642 yuan/ton, below the 60 - day moving average, with a gain of 1.84%. The position volume decreased by 2207 lots to 505678 lots [2]. - Spot: Most of the PE spot market rose, with the price change range between - 0 and + 150 yuan/ton. LLDPE was reported at 6400 - 6670 yuan/ton, LDPE at 8550 - 9010 yuan/ton, and HDPE at 6700 - 8290 yuan/ton [3]. 3.3 Fundamental Tracking - Supply: On January 7, there were little changes in maintenance devices, and the plastic operating rate remained at around 88%, at a neutral level [4]. - Demand: As of the week ending January 2, the PE downstream operating rate decreased by 0.68 percentage points to 41.15% week - on - week. The agricultural film is gradually exiting the peak season, and its orders continue to decline. The overall PE downstream operating rate is still at a relatively low level in the same period in recent years [4]. - Inventory: The petrochemical early - morning inventory on Wednesday decreased by 50,000 tons to 610,000 tons week - on - week, 30,000 tons higher than the same period last year. The inventory accumulation during the New Year's Day this year is not large, and the current petrochemical inventory is at a neutral level in the same period in recent years [4]. - Raw materials: The Brent crude oil 03 contract fell to $60/barrel. The Northeast Asian ethylene price remained flat at $725/ton week - on - week, and the Southeast Asian ethylene price remained flat at $745/ton week - on - week [4].

增加临停装置以缓解供应压力，关注检修动态。农膜需求淡季，开工率维持下降趋势；包装膜需求跟进有 数据来源第三方，观点仅供参考。市场有风险，投资需谨慎！ 塑料产业日报 2026-01-07 | 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) | 6642 | 63 1月合约收盘价:聚乙烯(日,元/吨) | 6430 | 101 | | | 5月合约收盘价:聚乙烯(日,元/吨) | 6642 | 63 9月合约收盘价:聚乙烯(日,元/吨) | 6687 | 69 | | | 成交量(日,手) | 566498 | 108635 持仓量(日,手) | 505678 | -2207 | | | 1-5价差 | -212 | 38 期货前20名持仓:买单量:聚乙烯(日,手) | 430624 | -1454 | | | 期货前20名持仓:卖单量:聚乙烯(日,手) | 496022 | 6601 期货前20名持仓:净买单量:聚乙烯(日,手) | -65398 ...

寒枝未暖 晓色难寻 — 2026 年聚乙烯年报 投资咨询业务资格 皖证监函【2017】203 号 研究所 化工小组 研究员: 刘筱璇 从业资格号：F03101434 投资咨询号：Z0021181 初审：张莎 从业资格号：F03088817 投资咨询号：Z0019577 复审：赵肖肖 从业资格号：F0303938 投资咨询号：Z0022015 寒枝未暖 晓色难寻 ——2026年聚乙烯年报 观点总结： 成本方面，预计支撑力度有限。原油全球供应过剩，需求增速放缓；煤炭供 需宽松格局难改，价格弱稳运行，难有反弹。油煤对聚乙烯成本支撑不足，后续 关注宏观及地缘政治对油煤价格的阶段性扰动。 供应方面，聚乙烯供应压力预计增加。2026 年国内聚乙烯延续扩产，计划 新增产能超 700 万吨，总产能有望达 4500 万吨，高压及高端装置占比提升。供 应扩容下，通用牌号竞争加剧、价格承压，高端产能加速布局推动结构升级；进 口受国产供应、毛利及政策影响，预计延续收缩。行业聚焦高性能竞争，长期助 力高质量发展。 需求方面，存缓慢恢复预期。国内 PE 需求将温和回暖，短长期趋势分化， 不确定性仍存。稳增长政策滞后效应、消费改善等将支撑 ...

研究员: 林静宜 期货从业资格号F03139610 期货投资咨询从业证书号Z0021558 难以形成需求支撑。成本方面，市场认为委内瑞拉原油产量恢复需要时间，昨日国际油价震荡上涨。短期L 助理研究员: 徐天泽 期货从业资格号F03133092 塑料产业日报 2026-01-06 | 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) | 6579 | 130 1月合约收盘价:聚乙烯(日,元/吨) | 6329 | 89 | | | 5月合约收盘价:聚乙烯(日,元/吨) | 6579 | 130 9月合约收盘价:聚乙烯(日,元/吨) | 6618 | 122 | | | 成交量(日,手) | 457863 | 60422 持仓量(日,手) | 507885 | -1038 | | | 1-5价差 | -250 | -41 期货前20名持仓:买单量:聚乙烯(日,手) | 432078 | 8010 | | | 期货前20名持仓:卖单量:聚乙烯(日,手) ...

证券之星消息，1月6日塑料板块较上一交易日上涨1.14%，博菲电气领涨。当日上证指数报收于 4083.67，上涨1.5%。深证成指报收于14022.55，上涨1.4%。塑料板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 001255 | 博菲电气 | 35.82 | 10.01% | 6.04万 | | 2.09亿 | | 002324 | 普利特 | 19.35 | 10.01% | 27.12万 | | 5.25亿 | | 301687 | C新广益 | 74.50 | 7.69% | 16.90万 | | 12.17亿 | | 600135 | 乐凯胶片 | 10.51 | 6.48% | 96.63万 | | 10.23亿 | | 002585 | 双星新材 | 7.42 | 5.55% | 104.16万 | | 7.53亿 | | 002361 | 神剑股份 | 14.46 | 5.55% | 320.98万 | | 44.95 乙 | | 00 ...

Group 1 - The 10th Plastic Industry Technology and Market Development Forum was held in Ningbo, focusing on smart manufacturing, biodegradable materials standardization, high-value utilization of recycled plastics, and the development of high-end resins and specialty materials [1] - Wang Zhanjie, Chairman of the China Plastics Processing Industry Association, emphasized three directions for the future of the plastic industry: driving industrial upgrades through technological innovation, promoting sustainable development via green transformation, and expanding international market cooperation [1] - Wang Yuzhong, an academician of the Chinese Academy of Engineering, presented a keynote report on the functionalized closed-loop chemical recycling technology of polymer materials, discussing the technological pathways and industrial prospects for promoting the green transformation of plastics throughout their lifecycle [1] Group 2 - Ningbo has established itself as a national-level petrochemical industry base and "China's Engineering Plastics Capital," with over 13,000 related enterprises and annual sales exceeding 60 billion yuan for large-scale enterprises [2] - The city is actively promoting industrial transformation and upgrading, aiming to create a new materials industry cluster with international competitiveness [2]

商 品 研 究 2026 年 1 月 6 日 LLDPE：上游库存转移，基差走强 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 | 6449 | -0.36% | 452112 | 7498 | | 基差月差变化 | | 昨日价差 | | 前日价差 | | | | 05合约基差 | -129 | | -182 | | | | 05-09合约价差 | -47 | | -37 | | | 重要现货价格 | | 昨日价格 | （元/吨） | 前日价格 | （元/吨） | | | 北 华 | 6320 | | 6290 | | | | 华 东 | 6400 | | 6380 | | | | 华 南 | 6470 | | 6370 | | 资料来源：卓创资讯，国泰君安期货 【现货消息】 期货震荡，节前盘面反弹给到代理、期现商建仓机会，市场补空和套保成交积极，现货短期正反 ...