盐化工月报2025.10

1.期货现货行情回顾 其9月份降息25个基点后连续第二次降息，同时，美联储宣布将于12月 碱采购价格，烧碱产业库存10月累积较快。 关税影响及美联储降息周期。预计盐化工链条的相关资产价格在25年将呈 中粮期货研究院(InstituteofCOFCOFuturesCo.,Ltd) 地址(Address):北京市东城区东直门南大街5号中青旅大厦15层、3层305-313室、4层401-402 电话(Phone):400-706-0158 TheCOFCO Futures Research Institute is a research department affiliated to COFCOFuturesheadquarters,responsibleforthecompany'sbasicresearchanddevelopmentwork,anditsresearchfieldscovermacroeconomics,agriculturalproducts,chemicals,metals,buildingmaterials,energyandotheraspects.Theresearchinstituteservesthefront-officebusinessdepartmentofCOFCOFuturesandtheindustrialdepartmentofCOFCOGroup,undertakesthe responsibilityof maintaining the company'sbrand and enhancing thecompany'simage,and is engaged in the development,maintenance and value-addedservicesofhigh-endindustrialandinstitutionalcustomers.RelyingonthestrongspotcommoditiesandfuturesmarketsbackgroundofCOFCOGroup,andbasedonyearsofpractice,theresearchinstitutehasdevelopedadeviationresponseresearchsystemwiththecharacteristicsofCOFCOFutures.Thesystemconsistsofthreemodules:circumstanceanalysis,marketresponse,andexpecteddeviation.Ituseshigherdimensionsandmorediversifiedmethodstoimprovethetraditionalresearchsystemandenhancethedepth,breadth,andresponsivenessofresearch.