丙烯聚烯烃日报：宏观持续提振，需求拉动有限

请仔细阅读本报告最后一页的免责声明 2025年期货市场研究报告目录一、丙烯基差结构......................................................................................................................................5二、丙烯生产利润与开工率.........................................................................................................................5三、丙烯进出口利润...................................................................................................................................6四、丙烯下游利润与开工率.........................................................................................................................7五、丙烯库存............................................................................................................................................9六、聚烯烃基差结构.................................................................................................................................10七、聚烯烃生产利润与开工率....................................................................................................................11八、聚烯烃非标价差.................................................................................................................................12九、聚烯烃进出口利润.............................................................................................................................13十、聚烯烃下游开工与利润.......................................................................................................................15十一、聚烯烃库存....................................................................................................................................16图表图1：丙烯市场价华东................................................................................................................................................................5图2：丙烯市场价山东................................................................................................................................................................5图3：丙烯中国CFR-石脑油日本CFR.......................................................................................................................................5图4：丙烯产能利用率................................................................................................................................................................5图5：丙烯PDH制生产毛利........................................................................................................................................................5图6：丙烯PDH产能利用率........................................................................................................................................................5图7：丙烯MTO生产毛利...........................................................................................................................................................6图8：甲醇制烯烃产能利用率....................................................................................................................................................6图9：丙烯石脑油裂解生产毛利................................................................................................................................................6图10：原油主营炼厂产能利用率..............................................................................................................................................6图11：韩国FOB-中国CFR.........................................................................................................................................................6图12：日本CFR-中国CFR.........................................................................................................................................................6图13：东南亚CFR-中国CFR.....................................................................................................................................................7图14：丙烯进口利润..................................................................................................................................................................7图15：PP粉生产利润.................................................................................................................................................................7图16：PP粉开工率.....................................................................................................................................................................7图17：环氧丙烷生产利润..........................................................................................................................................................7图18：环氧丙烷开工率..............................................................................................................................................................7图19：正丁醇生产利润..............................................................................................................................................................8图20：正丁醇产能利用率..........................................................................................................................................................8图21：辛醇生产利润.....................................................................................