丙烯聚烯烃周报：宏观政策面影响，丙烯上市偏强走势

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.........................................................................................................................6三、丙烯进出口利润...................................................................................................................................7四、丙烯下游利润与开工率.........................................................................................................................8五、丙烯库存..........................................................................................................................................10六、聚烯烃基差结构.................................................................................................................................11七、聚烯烃生产利润与开工率....................................................................................................................12八、聚烯烃非标价差.................................................................................................................................13九、聚烯烃进出口利润.............................................................................................................................14十、聚烯烃下游开工与利润.......................................................................................................................16十一、聚烯烃库存....................................................................................................................................17图表图1：丙烯主力合约收盘价........................................................................................................................................................5图2：丙烯华东基差....................................................................................................................................................................5图3：丙烯华北基差....................................................................................................................................................................5图4：丙烯01-05合约...................................................................................................................................................................5图5：丙烯市场价华东................................................................................................................................................................5图6：丙烯市场价山东................................................................................................................................................................5图7：丙烯中国CFR-石脑油日本CFR.......................................................................................................................................6图8：丙烯产能利用率................................................................................................................................................................6图9：丙烯PDH制生产毛利........................................................................................................................................................6图10：丙烯PDH产能利用率......................................................................................................................................................6图11：丙烯MTO生产毛利.........................................................................................................................................................6图12：甲醇制烯烃产能利用率..................................................................................................................................................6图13：丙烯石脑油裂解生产毛利..............................................................................................................................................7图14：原油主营炼厂产能利用率..............................................................................................................................................7图15：韩国FOB-中国CFR.........................................................................................................................................................7图16：日本CFR-中国CFR.........................................................................................................................................................7图17：东南亚CFR-中国CFR.....................................................................................................................................................7图18：丙烯进口利润..................................................................................................................................................................7图19：PP粉生产利润.................................................................................................................................................................8图20：PP粉开工率.....................................................................................................................................................................8图21：环氧丙烷生产利润.........................................................................