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财经深一度|化工期货“家族”将迎丙烯期货、期权新成员
Sou Hu Cai Jing· 2025-06-04 10:20
Group 1 - The Zhengzhou Commodity Exchange is seeking public opinion on the futures and options contracts for propylene, indicating the addition of a new member to the chemical futures family [1] - Propylene is the largest olefin product in China and serves as a crucial basic chemical, linking various upstream raw materials and widely used in downstream industries such as home appliances, automotive, textiles, medical devices, and cosmetics [3] - The propylene industry faces structural overcapacity and is undergoing a transformation towards high-end and green development, leading to a strong demand for risk management tools [3] Group 2 - The introduction of propylene futures and options is expected to provide pricing and risk management tools for upstream and downstream enterprises, facilitating better hedging in the industry chain [3] - The active trade, convenient storage, and broad demand for propylene will enhance market liquidity and meet the needs of different market participants [3] - Futures companies can offer customized services such as hedging strategies and risk management training to support the propylene industry’s high-quality development [4] Group 3 - Propylene futures can help companies mitigate risks associated with adverse price fluctuations and allow them to lock in processing profits during favorable market conditions [4] - The listing of propylene futures will help shift the reliance on foreign pricing information, increasing the basis for RMB pricing and enhancing companies' bargaining power in international trade [4]
国投期货化工日报-20250529
Guo Tou Qi Huo· 2025-05-29 11:28
Report Industry Investment Ratings - Polypropylene: Not clearly stated, but implied in the star - rating system [1] - Styrene: Not clearly stated, but implied in the star - rating system [1] - PX: Not clearly stated, but implied in the star - rating system [1] - PTA: Not clearly stated, but implied in the star - rating system [1] - Ethylene Glycol: Not clearly stated, but implied in the star - rating system [1] - Short Fiber: Not clearly stated, but implied in the star - rating system [1] - Bottle Chip: Not clearly stated, but implied in the star - rating system [1] - Methanol: Not clearly stated, but implied in the star - rating system [1] - Urea: Not clearly stated, but implied in the star - rating system [1] - PVC: One green star, representing a bearish trend with limited trading operability [1][7] - Caustic Soda: One red star, representing a bullish trend with limited trading operability [1][7] - Glass: One green star, representing a bearish trend with limited trading operability [1][8] - Soda Ash: One green star, representing a bearish trend with limited trading operability [1][8] Core Viewpoints - The chemical market shows a complex situation with different trends for various products. Some products face supply - demand imbalances, cost changes, and seasonal factors that affect their prices and market outlooks [2][3][4][5][6][7][8] Summary by Product Methanol - The methanol market is expected to be weak. Coastal olefin plant utilization has increased, but imports have led to port inventory accumulation. Coal prices are falling, and domestic production is high, with post - holiday inventory build - up expected [2] Urea - Urea futures prices are falling. Agricultural demand is scattered, and compound fertilizer production is decreasing. Exports are becoming clearer, and production enterprises have large inventory accumulations. The short - term market will be weakly volatile [3] Polyolefins - Polyolefin futures rose slightly. Macro news has boosted market sentiment, but polyethylene demand is in the off - season, and the polypropylene market is in a state of low supply and demand [4] Polyesters - The polyester industry has different trends. PX and PTA prices rebounded, but PX supply - demand is weakening. Ethylene glycol prices followed the rebound but face future pressure. Short - fiber prices rebounded, and bottle chips are in the peak season [6] Chlor - Alkali - PVC prices are falling due to cost reduction and supply - demand imbalance. There is new production expected in June, and exports may weaken. Caustic soda inventory is decreasing, but demand is not strong, and prices are under pressure [7] Glass and Soda Ash - Glass prices are falling due to high inventory and upcoming rainy seasons. Soda ash prices are also falling, with inventory pressure and expected supply increase [8]
国投期货化工日报-20250527
Guo Tou Qi Huo· 2025-05-27 13:16
Report Industry Investment Ratings - Methanol: ★★★, indicating a relatively clear bearish trend and a current appropriate investment opportunity [1] - Urea: ★★★, suggesting a relatively clear bearish trend and a current appropriate investment opportunity [1] - PVC: ★★★, showing a relatively clear bearish trend and a current appropriate investment opportunity [1] - Caustic Soda: ★☆☆, meaning a bearish bias with a driving force for price decline, but limited operability on the trading floor [1] - Glass and Soda Ash: ★☆☆, indicating a bearish bias with a driving force for price decline, but limited operability on the trading floor [1] Core Views - The overall chemical market shows a mixed trend, with some products facing downward pressure due to factors such as supply increases, weak demand, and cost changes [2][3][4] - Some products have potential investment opportunities, but also face various uncertainties and risks, and attention should be paid to the impact of macro - factors [2][3][4] Summary by Product Methanol - The methanol futures price continued to decline and hit a new low. There is an expectation of a significant increase in supply, and market confidence is insufficient. The import volume last week rebounded significantly to over 300,000 tons. Although the MTO device in Jiangsu restarted, the support for the market was weak. The port showed a slight inventory build - up. Coal prices continued to fall, and the cost support for methanol was weak. The supply is expected to increase, and the inventory may accumulate during the Dragon Boat Festival. The market is expected to run weakly and stably, and attention should be paid to macro - impacts [2] Urea - The urea futures price lacked upward momentum and first rose then fell during the day. There is a temporary gap in agricultural demand due to the start of wheat harvesting in some areas, and the start - up of compound fertilizer plants is expected to decline. The market trading sentiment has weakened, and production enterprises have accumulated inventory. The short - term market is expected to fluctuate weakly within a range [3] Polyolefins - The main contract of polyolefin futures closed down. The polyethylene production enterprises had concentrated maintenance, but the social inventory pressure remained, and the supply did not improve significantly. The downstream demand was in the off - season, and the support for raw materials was limited. The demand side of polypropylene was weak, and the export of downstream products was affected by overseas tariffs. The supply - demand situation provided limited support [4] Styrene - The main contract of styrene futures closed down. The domestic production increased as some maintenance devices restarted, and the port inventory was expected to rise slightly. Downstream factories were less willing to accept high - priced goods and maintained a rigid demand replenishment rhythm [6] Polyester - PX: The supply - demand situation weakened, and the valuation was under pressure [7] - PTA: There are large - scale maintenance plans in June, and the inventory is continuously decreasing. In the long - term, there are pressures of supply increase and demand weakening [7] - Ethylene Glycol: The short - term supply - demand situation is good, but there will be pressure after the long - term device maintenance restarts [7] - Short - fiber: The processing margin repairs slowly, and attention should be paid to the changes in the supply side [7] - Bottle chips: It is in the peak demand season, with stable inventory and low - running processing margins. If production cuts are implemented, the processing margin repair can be considered [7] Chlor - alkali - PVC: It continued to weaken. The production was at a relatively high level, and the domestic demand was flat. The export is expected to weaken, and the cost support was not obvious. The futures price is expected to fluctuate at a low level [8] - Caustic Soda: It was weakly running. The downstream inventory decreased but was still at a high level. The supply continued to be under high pressure, and the futures price was under pressure at a high level [8] Glass and Soda Ash - Glass: There were rumors of cold - repair of production lines in Hubei, and the price was strong during the session but still weak overall. The inventory pressure was high, and the downstream orders improved but were still weak year - on - year. It is recommended to operate cautiously [9] - Soda Ash: It was weakly running. The inventory decreased on Monday but was still high. The supply is expected to increase again in June. Attention should be paid to the changes in the photovoltaic and float glass industries [9]
化工日报:市场情绪回落,关注成本支撑-20250520
Hua Tai Qi Huo· 2025-05-20 03:36
Report Industry Investment Rating No relevant content provided. Core Viewpoints - The PTA futures market saw a decline on Monday, with a fair trading atmosphere in the spot market and a slight loosening of the spot basis after strengthening [1]. - In the cost - end, as summer approaches, demand will seasonally increase, and refinery operating rates will rise. The market can maintain a tight balance in Q3, but an oversupply situation is expected in Q4. Short - term attention should be paid to the developments in the US - Iran and Russia - Ukraine situations [2]. - Gasoline cracking has rebounded recently but is seasonally weaker than in the past two years. The blending demand for aromatics this year is not promising, and the intermittent blending demand at home and abroad can be basically met by naphtha, limiting the enthusiasm for aromatics to enter the gasoline pool [2]. - For PX, the PXN was $273/ton (a decrease of $9.38/ton compared to the previous period). Due to recent macro - positive factors and unexpected losses of multiple PX plants, the supply - demand outlook for the near - term PX has tightened, and the price has been supported. In May, domestic PX plants under maintenance will gradually restart, but PX will continue to be destocked due to the commissioning of new PTA plants [2]. - For TA, the spot basis of the TA main contract is 198 yuan/ton (an increase of 6 yuan/ton compared to the previous period), and the PTA spot processing fee is 414 yuan/ton (a decrease of 16 yuan/ton compared to the previous period). Supported by strong demand from downstream polyester plants, PTA will continue to be significantly destocked in May, and the supply will gradually return later [3]. - The polyester operating rate is 95.0% (an increase of 0.8% compared to the previous period). With the improvement of the macro - environment and the rebound of raw material prices, the operating rates of downstream weaving and texturing have quickly recovered. After the Sino - US negotiations achieved positive results and tariffs were reduced, textile and clothing orders improved significantly, and the inventory of filament yarn decreased significantly. The average monthly polyester load in May may increase instead of decrease [3]. - The PF spot production profit is - 8 yuan/ton (a decrease of 11 yuan/ton compared to the previous period). Although the market outlook has improved due to tariff benefits, downstream customers are cautious due to the rapid rise in raw material prices. Future attention should be paid to the cost trend of polyester raw materials [3]. - The bottle - chip spot processing fee is 314 yuan/ton (a decrease of 81.95 yuan/ton compared to the previous period). With most domestic polyester bottle - chip plants in operation, the market supply is gradually increasing, and the market price is expected to be under pressure. Attention should be paid to the news of plant maintenance due to rising costs [3]. - In terms of strategies, PX/PTA/PF/PR are expected to be strong in the short - term. After consecutive rapid increases, the current valuations of PXN and PTA are no longer low, and the absolute prices have returned to the level before the corresponding tariffs. The market sentiment has declined. Future attention should be paid to the downstream negative feedback and the cost support from crude oil. The polyester industry chain is expected to remain strong in the short - term, but there is a demand for profit - taking, and the risk of chasing high prices should be vigilant. For cross - period trading, a positive spread strategy is recommended [4]. Summary by Directory Price and Basis - The report includes figures on the TA main contract, its basis, and cross - period spreads; the PX main contract, its basis, and cross - period spreads; the PTA East China spot basis; and the short - fiber 1.56D*38mm semi - gloss pure - white basis [9][10][12] Upstream Profit and Spread - Figures cover PX processing fee (PXN), PTA spot processing fee, South Korean xylene isomerization profit, and South Korean STDP selective disproportionation profit [17][20] International Spread and Import - Export Profit - It includes figures on the toluene US - Asia spread, toluene South Korean FOB - Japanese naphtha CFR, and PTA export profit [25][27] Upstream PX and PTA Operation - Figures show the operating rates of Chinese, South Korean, and Taiwanese PTA plants, as well as Chinese and Asian PX plants [28][31][32] Social Inventory and Warehouse Receipts - Figures are provided for PTA weekly social inventory, PX monthly social inventory, PTA total warehouse receipts + forecast volume, PTA warehouse receipt inventory, PX warehouse receipt inventory, and PF warehouse receipt inventory [34][37][38] Downstream Polyester Load - Figures include filament yarn production and sales, short - fiber production and sales, polyester load, direct - spinning filament load, polyester staple fiber load, polyester bottle - chip load, filament yarn factory inventory days, and the operating rates of Jiangsu and Zhejiang weaving, texturing, and dyeing industries [46][48][58] PF Detailed Data - Figures cover 1.4D physical inventory, 1.4D equity inventory, polyester staple fiber load, polyester staple fiber factory equity inventory days, regenerated cotton - type staple fiber load, the difference between original and regenerated fibers, pure polyester yarn operating rate, pure polyester yarn production profit, polyester - cotton yarn operating rate, and polyester - cotton yarn processing fee [70][72][82] PR Fundamental Detailed Data - Figures include polyester bottle - chip load, bottle - chip factory inventory days, bottle - chip spot processing fee, bottle - chip export processing fee, bottle - chip export profit, the difference between East China water bottle chips and regenerated 3A - grade white bottle chips, bottle - chip next - month spread, and bottle - chip next - next - month spread [89][94][96]
国投期货化工日报-20250515
Guo Tou Qi Huo· 2025-05-15 11:53
Report Investment Ratings - Polypropylene: ★★★, indicating a relatively clear upward trend and a suitable investment opportunity [1] - Styrene: None, suggesting a relatively balanced short - term trend and poor operability [1] - PTA: ★★★, indicating a relatively clear upward trend and a suitable investment opportunity [1] - Short - fiber: None, suggesting a relatively balanced short - term trend and poor operability [1] - Methanol: None, suggesting a relatively balanced short - term trend and poor operability [1] - Urea: ★★★, indicating a relatively clear upward trend and a suitable investment opportunity [1] - PVC: ★☆★, suggesting a bullish drive but poor operability [1] - Caustic soda: ★★★, indicating a relatively clear upward trend and a suitable investment opportunity [1] - Glass: None, suggesting a relatively balanced short - term trend and poor operability [1] - Soda ash: None, suggesting a relatively balanced short - term trend and poor operability [1] Core Views - The chemical market shows different trends. Some products are affected by supply - demand changes, policy factors, and cost fluctuations. Overall, the market is complex, with some products in a weak or volatile state, while others may have short - term upward trends [2][3][7] Summary by Product Methanol - The methanol futures price fell slightly. Domestic device capacity utilization is high, many olefin devices are under maintenance, traditional downstream demand is weak, and production enterprises are destocking. Import volume is decreasing, and port inventory is significantly reduced. The market is expected to be weak and volatile due to increased supply and decreased demand [2] Urea - The urea futures price is oscillating, and the spot price is stable with a slight decline. The market's bullish sentiment has weakened after the self - regulatory export meeting. Production enterprises have significantly reduced inventory, and ports are accumulating inventory. Industrial and agricultural demand has limited impact on the market, and the market is expected to operate within a range under the influence of price - stabilizing policies [3] Polyolefins - Polyolefin futures prices fluctuate narrowly. After a sharp rise, there is a need for technical adjustment. The market hype sentiment for polyethylene remains, and the prices of petrochemical and traders are rising. The willingness of downstream factories to accept high prices has weakened, and middlemen are waiting and watching [4] Styrene - The styrene futures price is consolidating narrowly. The planned shutdown of a cracking unit and early maintenance of styrene devices support the price, but the cost support is weakening after the decline of crude oil and pure benzene prices. The market direction is to be determined after filling the price gap [6] Polyester - Affected by the adjustment of oil prices, PX and PTA prices have fallen. The polyester industry's operating rate is rising, and downstream demand has improved. However, the cash flow of polyester filament enterprises is poor, and there are potential risks. The price of ethylene glycol has fallen, and the future supply is expected to be under pressure. The price of short - fiber has adjusted slightly, and the processing margin is still low. The production of bottle - grade polyester chips is increasing, and attention should be paid to the possibility of production cuts [7] Chlor - alkali - PVC spot prices continue to rise, and futures prices are strong. Tariff policy easing may improve exports, and supply pressure is relieved due to increased maintenance. The market is expected to be volatile and bullish in the short term. Caustic soda is oscillating strongly. Supply pressure in Shandong is relieved, and downstream demand is average. The profitability of chlor - alkali enterprises has recovered, and the market is expected to oscillate in the short term [8] Glass and Soda Ash - Glass futures prices are weak due to inventory accumulation and price reduction in the spot market. Inventory pressure is high, and downstream demand is still weak. The futures price is expected to fluctuate with costs. Soda ash supply has decreased after maintenance, but the industry is still slightly accumulating inventory. The futures price is weak, and it is expected to fluctuate with costs in the short term. In the long term, attention should be paid to short - selling opportunities after a rebound [9]
国投期货化工日报-20250514
Guo Tou Qi Huo· 2025-05-14 12:40
Group 1: Report Industry Investment Ratings - Polypropylene: ★★★ [1] - Styrene: ★☆☆ [1] - PTA: ★☆★ [1] - Short Fiber: ★★★ [1] - Methanol: ★★★ [1] - Urea: ★★★ [1] - PVC: ★☆★ [1] - Caustic Soda: ☆☆☆ [1] - Glass: ★★★ [1] - Soda Ash: ★★★ [1] Group 2: Core Views - The methanol market faces risks of returning to fundamental trading after the macro - driven rally fades due to increased supply and decreased demand [2] - The urea market is expected to maintain range - bound operation with sufficient supply and limited influence from industrial and agricultural demand [3] - The polyolefin market shows positive sentiment driven by macro factors, but downstream buyers remain cautious [4] - The styrene market has temporarily alleviated supply - demand contradictions with expected production decline and order recovery [6] - The polyester market has potential risks such as weakening cash flow and possible production cuts, with different trends for each product [7] - The chlor - alkali market has different trends for PVC and caustic soda, with PVC potentially oscillating strongly and caustic soda facing high - level pressure in the medium term [8] - The glass and soda ash markets are expected to follow cost fluctuations, with glass having high inventory pressure and soda ash having supply - side changes [9] Group 3: Summaries by Product Methanol - Macro sentiment drives the methanol price up, but there are risks of returning to fundamentals due to increased domestic supply, expected import recovery, and decreased traditional downstream demand [2] Urea - The urea price declined slightly, with reduced inventory due to previous export rumors. Future supply is sufficient, and the market is expected to be range - bound [3] Polyolefin - Macro factors boost the polyolefin market, but downstream buyers are cautious. Polyethylene is in the off - season, while polypropylene has support from concentrated maintenance [4] Styrene - Macro factors and supply reduction from plant maintenance, along with expected order recovery, ease supply - demand contradictions [6] Polyester - PX and PTA prices are rising, but there are potential risks such as weakening cash flow and possible production cuts. Ethylene glycol supply is shrinking, and short - fiber and bottle - chip markets have their own characteristics [7] Chlor - alkali - PVC shows strong performance due to macro factors and export improvement, but faces supply pressure. Caustic soda is expected to oscillate in the short term and face high - level pressure in the medium term [8] Glass and Soda Ash - Glass has high inventory pressure and is expected to follow cost fluctuations. Soda ash supply is decreasing, and it is also expected to follow cost changes with long - term supply pressure [9]
对二甲苯:月差正套,加工费扩张,PTA,需求预期好转,多PTA空MEG
Guo Tai Jun An Qi Huo· 2025-05-09 05:35
1. Report Industry Investment Ratings - No explicit industry - wide investment ratings are provided in the report. 2. Report's Core Views - The report provides trading strategies and trend analyses for various energy and chemical futures, including PX, PTA, MEG, rubber, etc. Each commodity has its own market situation, supply - demand relationship, and price trend, and corresponding trading suggestions are given based on these factors [4]. 3. Summaries by Relevant Catalogs 3.1 PX, PTA, MEG - **Trading Strategies**: PX for month - spread positive arbitrage and processing fee expansion; for PTA, with improved demand expectations, go long on PTA and short on MEG; for MEG, the same strategy of going long on PTA and short on MEG [4][7]. - **Market Conditions**: PX price increased on May 8; PTA load decreased this week but is expected to rebound, and a PTA device in Taiwan is planned for maintenance in early June; MEG supply continued to increase, with coal - based and oil - based devices having new changes, and some overseas devices restarted [7][10]. - **Fundamentals**: Data such as closing prices, month - spreads, and basis differences of PX, PTA, and MEG changed daily [8]. 3.2 Rubber - **Trading Strategy**: Expected to oscillate [4]. - **Market Conditions**: In April, the prices of main raw materials such as natural rubber and carbon black dropped significantly, and the tire raw material cost decreased. The domestic terminal demand did not improve significantly, and the sales of factories and agents slowed down [18]. - **Fundamentals**: Data such as futures prices, trading volumes, and basis differences of rubber changed daily [17]. 3.3 Synthetic Rubber - **Trading Strategy**: Expected to oscillate with support [4]. - **Market Conditions**: The cost side of butadiene has support, and the demand for synthetic rubber has increased. The supply of butadiene has decreased, and the inventory of butadiene production enterprises has decreased [20]. - **Fundamentals**: Data such as futures prices, trading volumes, and basis differences of synthetic rubber changed daily [20]. 3.4 Asphalt - **Trading Strategy**: Crude oil rebounded, and inventory slightly accumulated [4]. - **Market Conditions**: This week, the domestic asphalt weekly output increased, and the factory and social inventories both increased slightly [34]. - **Fundamentals**: Data such as futures prices, trading volumes, and basis differences of asphalt changed daily [23]. 3.5 LLDPE - **Trading Strategy**: Short - term oscillation, with later pressure [4]. - **Market Conditions**: The LLDPE market price partially declined, and the market trading atmosphere was light. Considering factors such as new production capacity and weak demand, the price trend still has pressure [35][36]. - **Fundamentals**: Data such as futures prices, basis differences, and important spot prices of LLDPE changed daily [35]. 3.6 PP - **Trading Strategy**: The spot price slightly declined, and the trading was average [4]. - **Market Conditions**: The domestic PP market fluctuated slightly, the futures had limited guidance on the spot market, and the downstream purchasing enthusiasm was average [41]. - **Fundamentals**: Data such as futures prices, basis differences, and important spot prices of PP changed daily [40]. 3.7 Caustic Soda - **Trading Strategy**: Short - term oscillation, with later pressure [4]. - **Market Conditions**: The caustic soda price rebounded due to short - term downstream replenishment, but considering the off - season demand in the second quarter, it is necessary to compress profits and reduce supply to balance supply and demand [44]. - **Fundamentals**: Data such as futures prices, basis differences, and important spot prices of caustic soda changed daily [43]. 3.8 Pulp - **Trading Strategy**: Expected to oscillate [4]. - **Market Conditions**: This cycle, the pulp price continued to be weak, with pessimistic sentiment, abundant supply, and weak demand [49]. - **Fundamentals**: Data such as futures prices, trading volumes, and basis differences of pulp changed daily [48]. 3.9 Glass - **Trading Strategy**: The original sheet price was stable [4]. - **Market Conditions**: The domestic float glass original sheet price rose and fell in different regions, and the trading atmosphere was not strong [52]. - **Fundamentals**: Data such as futures prices, basis differences, and important spot prices of glass changed daily [52]. 3.10 Methanol - **Trading Strategy**: Oscillating under pressure [4]. - **Market Conditions**: The domestic methanol market mainly declined, with high production supply and expected increase in import supply. The port inventory slightly accumulated, and in the medium term, it entered a weak pattern [58]. - **Fundamentals**: Data such as futures prices, trading volumes, and basis differences of methanol changed daily [56]. 3.11 Urea - **Trading Strategy**: Expected to run strongly [4]. - **Market Conditions**: The urea enterprise inventory decreased this week, and the futures price was expected to oscillate with support due to the release of demand and increased speculation [62]. - **Fundamentals**: Data such as futures prices, trading volumes, and basis differences of urea changed daily [61]. 3.12 Styrene - **Trading Strategy**: Expected to oscillate weakly [4]. - **Market Conditions**: After the May Day holiday, the prices of crude oil and pure benzene dropped, and the price of styrene is expected to be weak. The supply of pure benzene increased, demand decreased, and the downstream terminal orders of styrene decreased [65]. - **Fundamentals**: Data such as futures prices, trading volumes, and basis differences of styrene changed daily [64]. 3.13 Soda Ash - **Trading Strategy**: The spot market changed little [4]. - **Market Conditions**: The domestic soda ash market was stable, with device operations having minor changes, and downstream demand remaining cautious [67]. - **Fundamentals**: Data such as futures prices, trading volumes, and basis differences of soda ash changed daily [67]. 3.14 LPG - **Trading Strategy**: With intensified crude oil fluctuations, short - term wide - range oscillation [4]. - **Market Conditions**: The Saudi CP expectations for propane and butane increased on May 7, and the operating rates of PDH, MTBE, and alkylation decreased this week [69][76]. - **Fundamentals**: Data such as futures prices, trading volumes, and basis differences of LPG changed daily [69]. 3.15 PVC - **Trading Strategy**: Expected to oscillate weakly [4]. - **Market Conditions**: The PVC fundamentals have high supply and uncertain demand. The high - production and high - inventory structure is difficult to change in the short term, and the export demand can only relieve the pressure periodically [81]. - **Fundamentals**: Data such as futures prices, basis differences, and spot prices of PVC changed daily [80]. 3.16 Fuel Oil and Low - Sulfur Fuel Oil - **Trading Strategy**: The domestic fuel oil continued to rebound, and the low - sulfur fuel oil strengthened in the short term, with the high - low sulfur spread of the overseas market temporarily stabilizing [4]. - **Market Conditions**: The spot prices of fuel oil in overseas markets had narrow - range adjustments [85]. - **Fundamentals**: Data such as futures prices, trading volumes, and basis differences of fuel oil and low - sulfur fuel oil changed daily [85]. 3.17 Container Freight Index (European Line) - **Trading Strategy**: Low - level oscillation, and lightly hold the 10 - 12 reverse arbitrage [4]. - **Market Conditions**: The freight rates of European and US - West routes had different trends, and the prices of current - period European - line freight had different quotes [88]. - **Fundamentals**: Data such as futures prices, trading volumes, and freight rate indices of the container freight index (European line) changed daily [88].
化工日报-20250430
Guo Tou Qi Huo· 2025-04-30 13:22
| 《》 国投期货 | | | | 化工日报 | | --- | --- | --- | --- | --- | | | | 操作评级 | | 2025年04月30日 | | 尿素 | ななな | 甲醇 | 女女女 | 庞春艳 首席分析师 | | 苯乙烯 | ☆☆☆ | 聚丙烯 | ☆☆☆ | F3011557 Z0011355 | | 塑料 | ななな | PVC | 女女女 | | | 烧碱 | ななな | ьХ | ☆☆☆ | 牛卉 高级分析师 | | PTA | ななな | 乙二醇 | ☆☆☆ | F3003295 Z0011425 | | 短纤 | ☆☆☆ | 玻璃 | ☆☆☆ | 周小燕 高级分析师 | | 统 展 | なな女 | | | F03089068 Z0016691 | | | | | | 王雪忆 分析师 | | | | | | F03125010 | | | | | | 010-58747784 | | | | | | gtaxinstitute@essence.com.cn | 【甲醇】 甲醇盘面持续下跌。本周进口到格圣大幅回升,前期沿海检修的MTO策置维持停车,选口果库。内地炭置产 ...
化工日报-20250429
Guo Tou Qi Huo· 2025-04-29 13:03
| 《八》国投期货 | | | | 化工日报 | | --- | --- | --- | --- | --- | | | | 操作评级 | | 2025年04月29日 | | 聚丙烯 | ななな | 塑料 | 女女女 | 庞春艳 首席分析师 | | 苯乙烯 | 女女女 | PX | 女女女 | F3011557 Z0011355 | | PTA | ななな | 乙二醇 | ☆☆☆ | | | 短纤 | ななな | 瓶片 | ☆☆☆ | 牛卉 高级分析师 | | 甲醇 | 女女女 | 尿素 | 女女女 | F3003295 Z0011425 | | PVC | ☆☆☆ | 烧碱 | ☆☆☆ | 周小燕 高级分析师 | | 玻璃 | 女女女 纯碱 | | ななな | F03089068 Z0016691 | | | | | | 王雪忆 分析师 | | | | | | F03125010 | | | | | | 010-58747784 gtaxinstitute@essence.com.cn | 【甲醇】 伊朗港口爆炸的市场情绪消化后,甲醇盘面回落。周期内进口到港偏低,且港口部分货源倒流向内地,沿海地 区去库幅度 ...
化工日报-20250411
Guo Tou Qi Huo· 2025-04-11 11:54
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