来源：中国金融信息网 新华财经北京1月8日电（郑大伟）截至2026年1月8日，中国能化现货估价指数报 786.31点，较前一工作日（1月7日，下 同）下跌2.36点，跌幅为0.3%，较基期（2024年7月2日）下跌213.69点，跌幅为21.37%。 其中，石油行业估价指数报749.29点，较前一工作日下跌5.26点，跌幅为0.7%。 天然气行业估价指数报842.89点，较前一工作日下跌2.93点，跌幅为0.35%。 化工行业估价指数报818.44点，较前一工作日上涨1.41点，涨幅为0.17%。 今日国内能化现货指数整体收跌，行业间走势仍有分化。国际原油收盘大跌，市场利空情绪加码，多数品类价格延续跌 势，业者多观望消化库存为主，整体补货情况一般。天然气行业受制于需求疲软，局部地区价格仍有下调。化工品消息 面利好延续，部分品种价格小幅探涨。 表：当期中国能化现货监测估价情况 （单位：元／吨，山东、上海、舟山保税船燃 单位：美元／吨） | 行业 | 品类 | 详情 | 当期价格 | 上期价格 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | --- | | 石 ...

新华财经北京1月7日电（郑大伟）截至2026年1月7日，中国能化现货估价指数报 788.67点，较前一工作日（1月6日，下 同）上涨0.99点，涨幅为0.13%，较基期（2024年7月2日）下跌211.33点，跌幅为21.13%。 来源：中国金融信息网 其中，石油行业估价指数报754.55点，较前一工作日下跌1.6点，跌幅为0.21%。 （单位：元／吨，山东、上海、舟山保税船燃 单位：美元／吨） | 行业 | 品类 | 详情 | 当期价格 | 上期价格 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | --- | | 石油 | 原油 | 山东港进口到岸价 | 3173 | 3173 | 0 | 0.00% | | 石油 | 汽油 | 华北地区 | 7160 | 7185 | -25 | -0.35% | | 石油 | 汽油 | 山东省 | 6965 | 6975 | -10 | -0.14% | | 石油 | 汽油 | 华东地区 | 7170 | 7230 | -60 | -0.83% | | 石油 | 柴油 | 华北地区 | 6100 | 6150 | - ...

金融期货早评 宏观：商品普涨，牛市将至？ 【市场资讯】1）中国央行连续第 14 个月增持黄金。2）上期所调整白银期货相关合约交 易保证金比例和涨跌停板幅度。3）特朗普称"美国将代表委内瑞拉销售石油"，中方表态： 中委合作受国际法和两国法律保护。4）美国 12 月 ADP 就业人数增加 4.1 万人，低于市场 预期的中值 4.7 万人。5）美国 2025 年 12 月 ISM 服务业 PMI 指数上升 1.8 点至 54.4，为 2024 年 10 月以来的最高水平。新订单增幅创下自 2024 年 9 月以来的最大水平。价格上涨 速度降至九个月来的最慢。6）欧元区 2025 年 12 月 CPI 初值放缓至 2%，符合市场预期。 【核心研判与传导逻辑】昨日国内期货市场普遍上涨，行情呈现出清晰的结构性特征，交 投氛围活跃。这不禁引人思考：当前走势是意味着商品市场迈入新阶段，还是阶段性的资 金现象？从宏观环境看，近期明确的"适度宽松"货币政策基调与强调"集成效应"的调控思路， 为市场提供了偏暖的流动性预期；而"保持人民币汇率基本稳定"的导向，在美元偏弱背景 下亦有助于稳定进口成本。然而，若细究昨日普涨的核心动因，资 ...

丙烯日报 | 2026-01-08 现货企稳，成本端仍有提振 市场要闻与重要数据 丙烯方面：丙烯主力合约收盘价5954元/吨（+60），丙烯华东现货价5950元/吨（+0），丙烯华北现货价5795元/吨（+0）， 丙烯华东基差-4元/吨（-60），丙烯华北基差-154元/吨（-79）。丙烯开工率75%（+0%），中国丙烯CFR-日本石脑油 CFR206美元/吨（-12），丙烯CFR-1.2丙烷CFR20美元/吨（-7），进口利润-231元/吨（+102），厂内库存47790吨（+1780）。 丙烯下游方面：PP粉开工率38%（+0.77%），生产利润-45元/吨（+0）；环氧丙烷开工率74%（-1%），生产利润-159 元/吨（-82）；正丁醇开工率81%（+1%），生产利润545元/吨（+100）；辛醇开工率82%（-3%），生产利润856元/吨 （+50）；丙烯酸开工率83%（+3%），生产利润251元/吨（-36）；丙烯腈开工率78%（-2%），生产利润-998元/吨（-53）； 酚酮开工率81%（+3%），生产利润-902元/吨（+0）。 市场分析 供应端，丙烯产量整体延续高位，上游开工稳定回升，短期 ...

Report Industry Investment Ratings The report does not provide an overall industry investment rating. Core Views The report offers insights into the trends and outlooks of various commodities in the futures market on January 8, 2026. It analyzes the fundamentals, news, and trends of each commodity, providing investment suggestions and trend intensities. Summary by Commodity Precious Metals - **Gold**: Safe-haven sentiment has rebounded. The trend intensity is 1. China's central bank has increased its gold holdings for 14 consecutive months [5][6]. - **Silver**: Prices have corrected from high levels. The trend intensity is 1 [5]. Base Metals - **Copper**: The LME spot premium has declined, and price increases have slowed. The trend intensity is 0 [9]. - **Zinc**: Prices are oscillating at high levels. The trend intensity is 0 [12]. - **Lead**: Reduced inventory is supporting prices. The trend intensity is 0 [15]. - **Tin**: Bullish capital has been blocked, and prices have retreated after reaching highs. The trend intensity is 0 [18]. - **Aluminum**: Prices have slightly declined. The trend intensity is 0 [21]. - **Alumina**: Prices are oscillating within a range. The trend intensity is 0 [21]. - **Cast Aluminum Alloy**: It is stronger than electrolytic aluminum. The trend intensity is 0 [21]. - **Platinum**: Prices are oscillating to find a direction. The trend intensity is 0 [24]. - **Palladium**: Prices are maintaining an oscillating pattern. The trend intensity is 0 [24]. - **Nickel**: There is a tug - of - war between real - world pressure and the narrative of a cyclical shift, with wide - range oscillations. The trend intensity is 0 [28]. - **Stainless Steel**: The real - world fundamentals are dragging, and the market is mainly focused on Indonesia's policies. The trend intensity is 0 [28]. Energy and Chemicals - **Carbonate Lithium**: Prices are oscillating at high levels, and market sentiment changes should be monitored. The trend intensity is 0 [32]. - **Industrial Silicon**: With silicon material production cuts, short positions can be established on price increases. The trend intensity is 0 [36]. - **Polysilicon**: The market is significantly affected by news. The trend intensity is - 1 [36]. - **Iron Ore**: Prices are fluctuating at high levels. The trend intensity is 0 [40]. - **Rebar**: Market sentiment is causing fluctuations, and prices are oscillating strongly. The trend intensity is 1 [44]. - **Hot - Rolled Coil**: Market sentiment is causing fluctuations, and prices are oscillating strongly. The trend intensity is 1 [44]. - **Silicon Ferrosilicon**: Market sentiment is driving up prices, and the market is oscillating upwards. The trend intensity is 1 [48]. - **Manganese Silicide**: Market sentiment is driving up prices, and the market is oscillating upwards. The trend intensity is 1 [48]. - **Coke**: Due to event developments, prices are oscillating at high levels. The trend intensity is 1 [52]. - **Coking Coal**: Due to event developments, prices are oscillating at high levels. The trend intensity is 1 [53]. - **Log**: Prices are oscillating repeatedly. The trend intensity is 0 [56]. - **Para - Xylene**: Spot supply is sufficient, and prices are under short - term pressure, with a unilateral high - level oscillating market. The trend intensity is 0 [60]. - **PTA**: Prices are in a high - level oscillating market. The trend intensity is 0 [60]. - **MEG**: The upside space is limited, and there is still medium - term pressure. The trend intensity is 0 [60]. - **Rubber**: Prices are oscillating. The trend intensity is 0 [69]. - **Synthetic Rubber**: Prices are trending strongly. The trend intensity is 1 [72]. - **LLDPE**: The production of standard products continues to decline, and the basis is weakly stable. The trend intensity is 0 [75]. - **PP**: Macroeconomic sentiment is boosting, but fundamental improvements are limited. The trend intensity is 0 [78]. - **Caustic Soda**: The rebound is unlikely to be sustained. The trend intensity is 0 [80]. - **Pulp**: Prices are oscillating. The trend intensity is 0 [85]. - **Glass**: The prices of raw sheets are stable. The trend intensity is 0 [90]. - **Methanol**: Prices are oscillating and falling. The trend intensity is 0 [94]. - **Urea**: Prices are oscillating in the short term. The trend intensity is 0 [99]. - **Styrene**: Prices are oscillating in the short term. The trend intensity is 0 [103]. - **Soda Ash**: There are few changes in the spot market. The trend intensity is 0 [107]. - **LPG**: The import cost is firm, and attention should be paid to the realization of negative feedback. The trend intensity is 0 [113]. - **Propylene**: Demand is stable, and spot prices are slightly rising. The trend intensity is 0 [114]. - **PVC**: The rebound is unlikely to be sustained. The trend intensity is 0 [122]. - **Fuel Oil**: Prices are oscillating in a narrow range, and there is still support at the bottom. The trend intensity is 0 [126]. - **Low - Sulfur Fuel Oil**: Volatility is decreasing, and the price spread between high - and low - sulfur fuels in the overseas spot market continues to narrow. The trend intensity is 0 [126]. Agricultural Products - **Short - Fiber**: The market is oscillating in the short term. The trend intensity is 0 [141]. - **Bottle Chip**: The market is oscillating in the short term. The trend intensity is 0 [141]. - **Offset Printing Paper**: It is advisable to wait and see. The trend intensity is 0 [144]. - **Pure Benzene**: Prices are mainly oscillating in the short term. The trend intensity is 0 [148]. - **Palm Oil**: Wait for the negative factors to be exhausted, and pay attention to the impact of macroeconomic sentiment. The trend intensity is 0 [153]. - **Soybean Oil**: Prices are rebounding within a range, and attention should be paid to the spread opportunities between months. The trend intensity is 0 [153]. - **Soybean Meal**: Affected by market sentiment, it is advisable to wait and see. The trend intensity is 0 [159]. - **Soybean**: Affected by market sentiment, it is advisable to wait and see. The trend intensity is 0 [159]. - **Corn**: Attention should be paid to the spot market. The trend intensity is 0 [162]. - **Sugar**: Prices are consolidating within a range. The trend intensity is 0 [166]. - **Cotton**: Prices are fluctuating with the overall market sentiment. The trend intensity is 0 [170]. - **Egg**: Sentiment for the far - month contracts is weakening. The trend intensity is 0 [177]. - **Live Pig**: There is negative feedback in demand. The trend intensity is - 1 [180]. - **Peanut**: Prices are oscillating. The trend intensity is 0 [186]. Shipping - **Container Freight Index (European Line)**: The freight rate peak has emerged; for the 02 contract, wait and see, and for the 04 contract, short on price increases. The trend intensity is 0 [128].

期 货 眼 ·日 迹 每日早盘观察 研究所 期货眼·日迹 | 股指期货：波动不改上行趋势 3 | | --- | | 国债期货：修复动能偏弱 4 | 银河期货研究所 2026 年 1 月 8 日 0 / 48 | 蛋白粕：供应压力较大 美豆整体承压 5 | | --- | | 白糖：国际糖价收涨，国内糖价略强 5 | | 油脂板块：商品情绪回暖，油脂有所上涨 7 | | 玉米/玉米淀粉：小麦和玉米拍卖，现货稳定 7 | | 生猪：出栏压力仍存 现货整体震荡 8 | | 花生：花生现货稳定，花生盘面底部震荡 9 | | 鸡蛋：需求有所改善，蛋价稳中有涨 10 | | 苹果：冷库库存偏低，果价高位震荡 11 | | 棉花-棉纱：新年度种植面积预计下降，棉价震荡偏强 12 | | 钢材：市场情绪好转，钢价震荡走强 13 | | --- | | 双焦：波动剧烈，多单建议逐步止盈 13 | | 铁矿：市场预期反复，矿价高位偏空对待 14 | | 铁合金：供需边际改善预期叠加成本推动，短期震荡偏强 15 | | 金银：彭博指数开启调整 金银高位震荡 16 | | | --- | --- | | 铂钯：BCOM | 调整权 ...

021-60635737 renjunchi@ccb.ccbfutures.com 期货从业资格号：F3037892 028-86630631 penghaozhou@ccb.ccbfutures.com 期货从业资格号：F3065843 聚烯烃日报 行业 日期 2026 年 1 月 8 日 021-60635740 pengjinglin@ccb.ccbfutures.com 期货从业资格号：F3075681 021-60635738 lijie@ccb.ccbfutures.com 期货从业资格号：F3031215 021-60635570 liuyouran@ccb.ccbfutures.com 期货从业资格号：F03094925 021-60635727 fengzeren@ccb.ccbfutures.com 期货从业资格号：F03134307 能源化工研究团队 研究员：彭婧霖（聚烯烃） 研究员：李捷,CFA（原油燃料油） 研究员：任俊弛（PTA、MEG） 研究员：彭浩洲（尿素、工业硅） 研究员：刘悠然（纸浆） 研究员：冯泽仁（玻璃纯碱） 请阅读正文后的声明 每日报告 | 表1：期货市场行情 | | ...

转自：湛江发布 作为一体化的核心，乙烯联合装置为一体化基地内的多套装置提供乙烯和丙烯等重要基础化学品。这是众多化工价值链的起点:石脑油或丁烷等长链烃类 在蒸汽的作用下发生裂解。该装置可实现每年100万吨乙烯产能。 近日，巴斯夫位于华南的湛江一体化基地乙烯联合装置如期顺利投产。这是全球首套主压缩机(电驱)100%采用可再生能源驱动的乙烯联合装置。 此外，继近期多套丙烯下游装置顺利投产后，巴斯夫在湛江一体化基地已安全启动其环氧乙烷、乙二醇及聚乙烯生产装置。湛江一体化基地将成为巴斯夫 在全球的第三大一体化生产基地，仅次于路德维希港基地和安特卫普基地。该基地还将成为中国乃至全球范围内可持续生产的典范。例如，该基地将 100%使用可再生能源电力。巴斯夫湛江一体化基地的产品将主要供应中国，这一全球最大且增长最快的化工市场。 巴斯夫湛江一体化基地乙烯联合装置如期顺利投产。 ...

丙烯日报 | 2026-01-07 现货交投持续好转，关注成本端扰动 市场要闻与重要数据 跨品种：无 风险 原油价格波动；上游装置检修动态；丙烷价格变动； 丙烯方面：丙烯主力合约收盘价5894元/吨（+73），丙烯华东现货价5950元/吨（+100），丙烯华北现货价5795元/吨 （+20），丙烯华东基差56元/吨（+27），丙烯华北基差-154元/吨（-79）。丙烯开工率75%（+0%），中国丙烯CFR- 日本石脑油CFR218美元/吨（+6），丙烯CFR-1.2丙烷CFR27美元/吨（-3），进口利润-333元/吨（-24），厂内库存47790 吨（+1780）。 丙烯下游方面：PP粉开工率38%（+0.77%），生产利润-45元/吨（-20）；环氧丙烷开工率74%（-1%），生产利润-159 元/吨（-82）；正丁醇开工率81%（+1%），生产利润445元/吨（-13）；辛醇开工率82%（-3%），生产利润806元/吨（-14）； 丙烯酸开工率83%（+3%），生产利润286元/吨（-36）；丙烯腈开工率78%（-2%），生产利润-945元/吨（-128）；酚 酮开工率81%（+3%），生产利润-902 ...

步入2026年，聚丙烯产业链依旧延续2025年四季度以来的惨淡行情。新的一年，聚丙烯产业链依然处于 供多需少的困境中，产业链整体上行动力不足，或将延续低迷走势。 成本震荡深跌 作为聚丙烯的核心原料，丙烯市场在2025年传统旺季"银十"成色严重不足，受检修重启叠加新增产能释 放的利空影响，生产企业持续让利，行情震荡深跌。 生意社分析师表示，进入2025年11月，阳煤恒通与鑫泰石化装置停车检修，宁波金发、东华能源张家 港、天津渤化等丙烷脱氢装置陆续重启，价格持续走跌，山东丙烯市场价格一度降至5600元(吨价，下 同)，触及近年来新低，比2025年年内高点下跌22%。 此后生产企业挺价心态偏积极，市场也走出一波触底反弹行情，但自2025年12月中旬开始，丙烯价格进 入下行通道，再度跌至年内低位。 数据显示，2025年四季度，山东丙烯市场均价不足6000元，环比下降7.44%，同比下降13.81%。 市场人士表示，造成丙烯市场下行的重要因素是产能增速过快。2025年国内丙烯总产能预计攀升至7758 万吨，增长率预计为10.42%，导致行业供需错配压力进一步加剧。2025年四季度国内丙烯总供应量预 计环比增长3.21% ...