1、 第 頁 化工行業動態及觀點行業動態及觀點3000 10%2 3000 10%8 8%1 8%2181.7 噸， 8%黃金ETF)224.4 374.1 ETF67.225486;2%531.7 噸;12%218.6 ()187.3 12%。4.6%7 31 4.6%1 1015 9.8% 7.4%;290 4.3%;12.3%17450.2%;1349 6.6%29652.9%;4.9%5%104 2%40375 1%1278 0.9%。6 (片堿) 2980元/7.7%22.6%;1980元157519025，同比下跌1%國產磷酸二銨260元1152。2660元/1.1%8.9%。31 2

2、0142018 270.323.5%、26.9%34.1% 28.7%2018 80.8%;174.421.8%；轉型135.95.8%。7 49.7%31 7 0.3 PMI 為50708I為487%0.4 0.1PMI 5 0.8 ;49.8%0.2 分點，位于臨界點之下，制造業產品訂貨量降幅有所收窄;48.0%0.2 ; 0.2 50.1%0.1(IMF)20193.2%，2020 3.5%4 0.1 7 27 1 6 4783.3 7.2%2018 900 5.2%6000 30 500! 5009個+500 500 500 HYPERLINK / 長 13.8%7 27 2019 2

3、.4%3.3%1.9%16 41 26 17.8%16.6%增長 13.0%5%，通用設備制造業增長 HYPERLINK / 長 24.9%， 黑色金屬冶煉和壓延加工業下降 21.8%13.8%7.9%7.1%2.0%0.1%。577259146 7508 6459 12922631547.867 16557 57 8 2019 7 10 7 15 日6 個省市)7 月25 (市)6 ;2018 GDP16.1%7 28 日145369 GDP0.3;GDP2.527P07%; 62453 GDP 6.9%; 76689 GDP 8.5%。2018513.2 化工品價格周動態圖表1：一周漲幅前

4、六工品（%）圖表2：一周跌幅前十工品（%）序號指標漲跌幅序號指標漲跌幅1硬泡聚醚6.25 1原鹽-18.99 2PO5.29 2PTA-7.443聚合 MDI5.06 3硫磺-5.774乙烯：CFR 東南亞3.99 4滌綸長絲 FDY-4.935純 MDI3.95 5辛醇-4.826丙烯腈3.51 6布油-4.667醋酸乙酯3.24 7純堿（重質）-4.378二甲苯2.28 8WTI 原油-4.009丙烷：FOB 沙特2.19 9苯胺-3.6310軟泡聚醚2.02 10滌綸長絲 DTY-3.60來源：Wind，來源：Wind，圖表 3：化工相關產品的最新價格及變動情況指標最新價格單位一周漲幅一

5、月漲幅三月漲幅半年漲幅年漲幅WTI 原油53.95美元/桶-4.0%-4.1%-12.9%-2.4%-20.3%布油60.50美元/桶-4.7%-3.0%-14.6%-3.6%-16.4%NYMEX 天然氣2.17美元/百萬英熱-0.2%-3.1%-15.3%-20.6%-21.0%乙烯：CFR 東南亞781美元/噸4.0%11.4%-11.4%-20.8%-36.8%丙烯：FOB 韓國921美元/噸1.7%7.0%8.2%0.5%-13.9%純苯：FOB 韓國665美元/噸0.0%2.3%7.3%13.7%-23.9%苯乙烯：CFR 中國1055美元/噸-1.1%-1.4%-2.1%-3.0

6、%-26.1%丙烷：FOB 沙特373美元/噸2.2%0.3%-21.6%-13.7%-35.1%二甲苯5820元/噸2.3%4.2%3.0%6.8%-14.5%甲苯5107元/噸0.0%0.0%0.0%-0.4%-19.8%純苯5125元/噸0.5%-1.4%17.8%5.7%-25.5%柴油：0#6685元/噸0.0%2.1%-6.2%1.5%-9.4%汽油：93#7675元/噸0.0%2.0%-5.7%1.1%-8.7%環氧乙烷7600元/噸0.0%8.6%-2.6%1.3%-24.8%乙二醇：CFR 中國545美元/噸0.4%-0.5%-6.4%-12.8%-41.5%C44200元/

7、噸0.0%9.1%1.2%-3.4%-13.4%滌綸短纖7950元/噸0.0%-0.6%-8.6%-11.7%-15.0%滌綸長絲 DTY9245元/噸-3.6%-2.8%-9.4%-10.6%-15.7%滌綸長絲 FDY7910元/噸-4.9%-6.7%-13.8%-16.9%-20.0%滌綸長絲 POY7975元/噸-3.5%-2.4%-9.5%-5.3%-18.0%環己酮8650元/噸-2.8%2.4%-18.4%-6.0%-32.7%己內酰胺12300元/噸-1.2%0.8%-14.0%-3.9%-25.5%錦綸絲 DTY18500元/噸0.3%5.7%-14.0%-9.8%-22.8

8、%錦綸絲 FDY16850元/噸0.2%3.7%-13.6%-8.9%-27.7%錦綸絲 POY15900元/噸-0.3%4.1%-12.9%-9.1%-24.3%丙烯腈11800元/噸3.5%2.6%-18.6%-1.7%-36.9%棉短絨3675元/噸0.2%-0.7%-8.3%-1.8%-9.9%棉花14065元/噸0.0%-1.6%-10.1%-9.3%-13.2%粘膠短纖 1.5D/38mm11850元/噸0.0%3.9%-5.6%-10.6%-15.4%氨綸 40D30000元/噸0.0%-1.6%-7.7%-9.1%-14.3%天然橡膠10560元/噸-1.1%-4.4%-5.4

9、%-6.9%4.3%丁二烯：CFR 東南亞1130美元/噸0.0%7.1%24.9%7.6%-29.8%順丁橡膠10750元/噸1.4%3.4%-4.0%-8.9%-23.2%炭黑（N330）6375元/噸0.0%0.0%0.0%0.0%-11.1%三元乙丙橡膠14600元/噸0.0%0.8%-9.9%-18.9%-16.1%氯丁橡膠28000元/噸-2.1%-3.4%-9.1%-12.5%-11.1%防老劑 SP-C7500元/噸0.0%0.0%0.0%0.0%0.0%防老劑 DNP43000元/噸0.0%0.0%0.0%0.0%0.0%丁腈橡膠16500元/噸-0.7%-1.8%-13.2

10、%-21.4%-28.3%甲醛1132元/噸0.0%0.0%0.0%0.9%-23.6%甲醇2105元/噸1.9%-9.2%-9.4%-14.5%-31.0%乙醇（無水）5825元/噸0.0%0.0%0.0%-1.9%-6.0%二乙二醇4303元/噸-0.2%-0.4%-3.6%-8.8%-29.4%醋酸2875元/噸-0.9%10.6%9.5%-8.7%-32.0%DMF5075元/噸0.0%0.0%0.0%8.0%-3.3%鄰苯二甲酸二辛酯 DOP7350元/噸0.7%-1.3%-9.8%-13.5%-18.8%正丁醇6290元/噸-1.9%0.9%-10.7%-12.0%-22.2%辛醇

11、7300元/噸-4.8%2.7%-6.8%-9.0%-19.8%丙烯酸7200元/噸0.0%2.1%-14.1%-15.3%-13.9%丙烯酸甲酯9700元/噸0.0%-1.6%-9.8%-11.0%-15.4%醋酸乙酯5420元/噸3.2%6.3%-0.2%-7.0%-20.6%醋酸乙烯6700元/噸0.0%0.0%0.0%-1.5%-22.5%新戊二醇8225元/噸1.9%1.9%-12.7%-14.3%-41.9%電石3450元/噸0.0%1.5%-2.8%-2.8%0.7%PVC（電石法）6815元/噸0.0%-0.4%-2.5%-2.5%-3.1%PVC（乙烯法）7050元/噸0.0

12、%1.1%-0.4%-0.4%-2.4%液氯151元/噸0.0%0.0%0.0%0.0%0.0%燒堿2950元/噸0.0%5.4%-10.6%-10.6%-15.7%氯乙烯709美元/噸0.0%-4.7%2.3%2.3%-4.8%二氯乙烷320美元/噸0.0%-11.1%-14.0%-14.0%-3.0%純堿（輕質）1550元/噸0.0%-4.3%-16.4%-18.0%-9.9%純堿（重質）1750元/噸-4.4%-7.9%-7.9%-17.8%-7.9%原鹽192元/噸-19.0%-19.0%-24.1%-37.5%-32.6%HDPE9100元/噸0.0%-2.2%-6.7%-13.3%

13、-21.4%LDPE8400元/噸0.0%0.6%-6.1%-8.7%-15.2%PP8950元/噸-0.6%-0.6%-6.8%-16.0%-10.1%PS11620元/噸-0.7%-2.2%-4.9%-4.6%-15.1%ABS 聚合物12340元/噸-0.5%0.5%-5.7%-7.6%-22.3%BOPP(厚光膜)10000元/噸-1.6%3.1%-2.0%-3.8%1.8%PC18000元/噸0.0%0.0%-5.3%-10.0%-37.9%PMMA15300元/噸0.7%-4.4%-16.4%-27.1%-37.6%合成氨3150元/噸0.0%-1.6%-7.4%-3.1%6.8%

14、氯化銨（濕）580元/噸0.0%5.5%5.5%-3.3%16.0%氯化銨（干）740元/噸0.0%1.4%-1.3%-1.3%13.8%尿素1920元/噸0.0%0.5%-3.5%-0.5%4.9%氯化鉀2250元/噸0.0%-4.3%-4.3%-7.0%-2.2%硫酸鉀2960元/噸0.3%0.3%0.3%0.3%3.9%磷礦石（30%）380元/噸0.0%0.0%-2.6%-13.6%-11.6%磷酸一銨2225元/噸0.0%0.0%0.0%-1.8%-2.2%磷酸二銨2825元/噸0.0%0.0%0.0%0.0%3.1%復合肥（45%S）2397元/噸0.0%0.0%0.0%-0.2%

15、2.9%復合肥（45%CL）2098元/噸0.0%0.0%0.0%-0.2%1.3%硫磺735元/噸-5.8%-20.5%-25.4%-32.6%-35.2%PX7000元/噸0.9%0.0%-6.7%-20.5%-21.3%PTA5853元/噸-7.4%-4.5%-10.6%-10.1%-13.0%乙二醇4430元/噸-0.3%-0.3%-3.2%-12.3%-41.4%聚酯切片6875元/噸0.7%-15.1%-8.9%-12.7%-25.9%苯胺5975元/噸-3.6%-1.2%1.3%-2.8%-35.1%純 MDI19750元/噸3.9%14.5%-17.7%-8.1%-33.1%聚

16、合 MDI13500元/噸5.1%8.4%-22.4%6.7%-34.8%TDI13600元/噸0.0%0.0%0.0%-1.8%-54.6%PO9950元/噸5.3%2.1%1.0%-5.2%-14.6%軟泡聚醚10100元/噸2.0%4.1%-7.3%-10.2%-15.8%硬泡聚醚8500元/噸6.3%4.3%-4.5%-7.1%-17.9%己二酸8200元/噸0.6%3.1%2.5%-2.4%-14.1%BDO8600元/噸1.2%1.2%1.2%-8.5%-23.9%PTMEG18000元/噸0.0%0.0%0.0%-5.3%-7.7%醋酸乙烯6700元/噸0.0%0.0%0.0%-

17、0.2%-22.5%黃磷17100元/噸0.0%0.0%0.0%0.0%10.0%雙酚 A9825元/噸0.3%-1.0%-13.8%-16.4%-35.1%硫酸（98%）285元/噸0.0%-9.5%-26.9%-18.6%-26.9%碳酸二甲酯5300元/噸-0.7%-5.4%3.9%-24.3%-15.9%賴氨酸6.70元/公斤0.0%-8.2%-8.2%-10.7%-11.3%蘇氨酸7767元/噸-1.7%-1.7%-5.1%3.6%-2.9%蛋氨酸（固體）17.85元/公斤0.0%-3.5%-6.1%1.1%-0.8%鈦白粉（金紅石型）17900元/噸0.0%0.0%0.0%0.0%

18、1.7%MMA14380元/噸0.0%0.0%0.0%-1.5%-30.9%氫氟酸9800元/噸0.0%-2.0%-18.3%-18.3%-23.4%R2216000元/噸-3.0%-5.9%-5.9%-27.3%-3.0%R134A28500元/噸0.0%0.0%-13.6%-8.1%-13.6%DMC21300元/噸0.0%4.9%18.3%-21.1%-31.3%百草枯16000元/噸0.00%0.00%-3.03%-12.33%-22.89%吡啶20250元/噸0.00%0.00%-2.41%-2.41%-7.95%草甘膦24500元/噸0.00%0.00%-3.92%-13.27%3

19、.16%草銨膦140000元/噸0.00%-5.08%-9.68%-21.13%-25.33%麥草畏96000元/噸0.00%0.00%0.00%0.00%4.35%氯氰菊酯123500元/噸0.00%-10.18%-11.79%-11.79%3.78%聯苯菊酯360000元/噸0.00%-10.00%-10.00%-14.29%-5.26%吡蟲啉155000元/噸-3.13%-3.13%-11.68%-17.33%-12.68%百菌清57500元/噸0.00%11.65%11.65%15.00%27.78%代森錳鋅21500元/噸0.00%0.00%0.00%0.00%-2.27%來源：百川

20、資訊，Wind， 石油化工圖表4：原油價格（美元桶）圖表5：NYMEX天然氣價格（美元百萬立方英熱） 原油 原油布倫特原油 016-08 17-01 17-06 17-11 18-04 18-09 19-02 19-07NYMEX天然氣5.00NYMEX天然氣4.504.003.503.002.502.001.501.000.500.0016-08 17-01 17-06 17-11 18-04 18-09 19-02 19-07來源：Wind，來源：Wind，圖表6：汽油及柴油價（元噸）圖表7：乙烯價格及價（元噸）柴油價格汽油價格10000柴油價格汽油價格900080007000600050

21、00400016-08 17-01 17-06 17-11 18-04 18-09 19-02 19-07價差乙烯:CFR價差乙烯:CFR東南亞石腦油:cfr日本140012001000016-08 17-01 17-06 17-11 18-04 18-09 19-02 19-07來源：Wind，來源：Wind，圖表8：丙烯價格及PDH價差（美元噸）圖表9：MTO價差（美元噸）價差丙烯:FOB價差丙烯:FOB韓國丙烷:FOB沙特12001000800600400200016-0817-0117-0617-1118-0418-0919-0219-07價差：乙烯丙烯價差：乙烯丙烯甲醇16-0817

22、-0117-0617-1118-0418-0919-0219-00-200-400-600-800-1000來源：Wind，來源：Wind，圖表10：苯、甲苯及二苯價格（元噸）圖表甲苯純苯二甲苯（元噸） （華東地區） 甲苯（華東地區） 純苯韓國）80006000400020002*甲苯-2*甲苯-純苯-二甲苯0-1000-2000016-0817-0117-0617-1118-0418-0919-02-300016-08 16-12 17-04 17-08 17-12 18-04 18-08 18-12 19-04來源：Wind，來源：Wind，圖表12：環氧乙烷價格價差（元噸）圖表13：乙二

23、醇價格及差（美元噸）環氧乙烷-0.64*乙烯（右軸）環氧乙烷-0.64*乙烯（右軸）環氧乙烷:華東（左軸）100008000600040002000016-08 17-01 17-06 17-11 18-04 18-09 19-02 19-0765006000550050004500400035003000250020001200乙二醇-0.64*乙烯乙二醇-0.64*乙烯(右軸) 乙二醇CFR東南亞（左軸）800600400200014-0815-0816-0817-0818-08350300250200150100500-50-100來源：Wind，來源：Wind，圖表14：甲醇價格及價（

24、元噸）圖表15：乙醇價格（元噸） 甲醇 甲醇-1.7煙煤（右軸甲醇:華東（左軸）3500300025002000150016-08 17-01 17-06 17-11 18-04 18-09 19-02 19-0728002600240022002000180016001400120010008008000 市場價 市場價平均價):乙醇無水):華東地區700065006000550050004500400016-08 17-01 17-06 17-11 18-04 18-09 19-02 19-07來源：Wind，來源：Wind，圖表16：丁辛醇價格（元噸）圖表17：丙烯酸價格及差（美元噸）市

25、場價(平均價市場價(平均價):正丁醇:華東地區 市場價平均價):辛醇:華東地區1200010000800060004000200016-08 17-01 17-06 17-11 18-04 18-09 19-02 19-0714000丙烯酸-0.72丙烯（右軸）丙烯酸-0.72丙烯（右軸）市場價(平均價):丙烯酸:華東地區（左軸）1000080006000400020000Aug-16 Feb-17 Aug-17 Feb-18 Aug-18 Feb-1970006000500040003000200010000來源：Wind，來源：Wind，氯堿行業圖表18：燒堿價格（元噸）圖表19：純堿價格

26、-（元噸）燒堿(99%片堿燒堿(99%片堿):華北55005000450040003500300025002000150016-0817-0217-0818-0218-0819-0219-082600輕質純堿華東輕質純堿華東重質純堿華東220020001800160014001200100015-03 15-10 16-05 16-12 17-07 18-02 18-09 19-04來源：Wind，來源：Wind，圖表20：乙烯法PVC價格及價差（元噸）圖表21：電石法PVC價格（元噸）PVC-0.46*乙烯（右軸）PVC(CFRPVC-0.46*乙烯（右軸）PVC(CFR東南亞）（左軸）10

27、0090080070060050016-0817-0117-0617-1118-0418-0919-02450PVC-1.5*電石（右軸）PVC(PVC-1.5*電石（右軸）PVC(電石法):華東（左軸）016-08 17-01 17-06 17-11 18-04 18-09 19-02 19-0740003500300025002000150010005000來源：Wind，來源：Wind，化纖行業圖表22：中國328棉花價格指數（元噸）圖表23：粘膠短纖價格元噸）中國棉花價格指數:32822000中國棉花價格指數:32820000180001600014000120001000016-08

28、17-01 17-0617-11 18-0418-0919-02 19-07粘膠短纖-棉短絨粘膠短纖-棉短絨-0.5*燒堿（右軸） 粘膠短纖（左軸） 棉短絨（左軸）016-08 17-01 17-06 17-11 18-04 18-09 19-02 19-071300012000110001000090008000700060005000來源：Wind，來源：Wind，圖表24：PX價格及價（元噸）圖表價格及價差（元噸）15000130001100090007000500030001600 PX: PX:齊魯石化（左軸）PX：FOB韓國（右軸） PX:CFR中國主港（左軸）1200100080

29、0600400200003000PTA-0.68*PX（右軸）PTAPTA-0.68*PX（右軸）PTA（左軸） 左軸）200015001000500015-06 16-01 16-08 17-03 17-10 18-05 18-12 19-0715-06 15-12 16-06 16-12 17-06 17-12 18-06 18-12 19-06來源：Wind，來源：Wind，圖表26：PET價格及價（元噸）圖表27：滌綸價格（元噸）120001000080006000400020000PET-0.86*PTA-0.3*MEG（右軸）PETPET-0.86*PTA-0.3*MEG（右軸）P

30、ET（左軸） MEG（左軸）5000120001100010000900080007000600050002400滌綸短纖-0.86*PTA-0.33*MEG（右軸）滌綸短纖-0.86*PTA-0.33*MEG（右軸） 滌綸短纖左軸）20001800160014001200100080015-06 16-01 16-08 17-03 17-10 18-05 18-12 19-0716-08 17-01 17-06 17-11 18-04 18-09 19-02 19-07來源：Wind，來源：Wind，圖表28：滌綸長絲價格價差（元噸）圖表29：氨綸價格及價（元噸）滌綸長絲FTY-0.86*P

31、TA-0.33*MEG（右軸） 滌綸長絲滌綸長絲FTY-0.86*PTA-0.33*MEG（右軸） 滌綸長絲FDY（左軸）1200011000100009000800070006000500016-08 17-01 17-06 17-11 18-04 18-09 19-02 19-0745000氨綸-0.20*純氨綸-0.20*純MDI-0.80*PTMEG（右軸） 氨綸40D（左軸）350003000025000200001500010000500016-08 17-01 17-06 17-11 18-04 18-09 19-02 19-072200020000180001600014000

32、12000100008000來源：Wind，來源：Wind，圖表30：己內酰胺環己酮價格及價差（元噸）圖表31：錦綸價格（元噸）價差（右軸）己內酰胺（左軸） 環己酮（左軸）價差（右軸）己內酰胺（左軸） 環己酮（左軸）2000015000100005000016-08 17-01 17-06 17-11 18-04 18-09 19-02 19-07800070006000500040003000200028000 錦綸切片錦綸 錦綸切片錦綸錦綸POY 錦綸DTY240002200020000180001600014000120001000016-0817-0117-0617-1118-0418

33、-0919-0219-07來源：Wind，來源：Wind，化肥行業圖表32：合成氨價格（元噸）圖表33：氯化銨價格（元噸） 合成氨：大慶石化 合成氨：大慶石化3500300025002000150016-0817-0117-0617-1118-0418-0919-0219-07氯化銨（濕銨）氯化銨（干銨）氯化銨（濕銨）氯化銨（干銨）016-0817-0117-0617-1118-0418-0919-0219-07來源：Wind，來源：Wind，圖表34：尿素價格（元噸）圖表35：氯化鉀及硫酸價格（元噸） 尿素- 尿素-煤價差尿素(小顆粒):華魯恒升22002000180016001400120

34、0100016-07 16-12 17-05 17-10 18-03 18-08 19-01 19-0616001400120010008006004002500氯化鉀(60%粉氯化鉀(60%粉):青海鹽湖硫酸鉀(50%粒):華東地區23002200210020001900180017001600150016-08 17-01 17-06 17-11 18-04 18-09 19-02 19-07450040003500300025002000來源：Wind，來源：Wind，圖表36：磷礦石價格（元噸）圖表37：磷肥價格（元噸，美元噸）磷礦石(30%):華中地區460磷礦石(30%):華中地區

35、44042040038036034032030016-08 17-01 17-06 17-11 18-04 18-09 19-02 19-073100 磷酸二銨磷酸一銨2900 磷酸二銨磷酸一銨270025002300210019001700150016-08 17-01 17-06 17-11 18-04 18-09 19-02 19-07500450400350300250200150100500來源：Wind，來源：Wind，圖表38：復合肥價格（元噸）圖表39：硫磺價格（元噸）復合肥(45%CL):華東地區復合肥復合肥(45%CL):華東地區復合肥(45%S):華東地區24002300

36、22002100200019001800170016-08 17-01 17-06 17-11 18-04 18-09 19-02 19-071600硫磺:華東地區硫磺:華東地區硫磺(固態散裝):CFR中國12001000800600400200016-08 17-01 17-06 17-11 18-04 18-09 19-02 19-07200180160140120100806040200來源：Wind，來源：Wind，圖表40：純吡啶及百草價格（元噸）圖表41：黃磷價格（元噸）吡啶百草枯30000吡啶百草枯28000260002400022000200001800016000140001

37、200010000Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17 Jan-18 Jul-1819000 黃磷：華北地區 黃磷：華北地區170001600015000140001300012000110001000016-0817-0117-0617-1118-0418-0919-0219-07來源：Wind，聚氨酯行業圖表42：純MDI價格及價差（元噸）圖表43：聚合MDI價格及價差（元噸）純MDI-0.75*苯胺（右軸）苯胺（左軸）聚合純MDI-0.75*苯胺（右軸）苯胺（左軸）聚合苯胺300005000045000 聚合MDI純MDI（左軸）35000

38、25000400003000035000苯胺250002000030000200001500025000200001500010000150001000010000500050005000016-08 17-01 17-06 17-11 18-04 18-09 19-02 19-070016-0817-0117-0617-1118-0418-0919-0219-0來源：Wind，來源：Wind，圖表44：TDI價格及價（元噸）圖表45：己二酸價格及差（元噸）甲苯 TDI甲苯甲苯 TDI甲苯5000040000300002000010000016-08 16-12 17-04 17-08 17-

39、12 18-04 18-08 18-12 19-04 19-16000AA-0.73*純苯（右軸）AAAA-0.73*純苯（右軸）AA（左軸） 純苯（左軸）12000100008000600040002000016-08 17-01 17-06 17-11 18-04 18-09 19-02 19-07120001000080006000400020000來源：Wind，來源：Wind，圖表46：環氧丙烷價格價差（元噸）圖表47：PTMEG價格價差（元噸）PO-0.84*丙烯（右軸）POPO-0.84*丙烯（右軸）PO（左軸） 丙烯（左軸）140001200010000800060004000

40、2000016-08 17-01 17-06 17-11 18-04 18-09 19-02 19-079000800070006000500040003000200025000PTMEG-1.3*BDO（右軸）PTMEGPTMEG-1.3*BDO（右軸）PTMEG（左軸） BDO（左軸）15000100005000016-08 17-01 17-06 17-11 18-04 18-09 19-02 19-07800070006000500040003000200010000來源：Wind，來源：Wind，圖表48：軟泡聚醚價格價差（元噸）圖表49：硬泡聚醚價格價差（元噸）軟泡聚醚-0.75*

41、環氧丙烷（右軸軟泡聚醚-0.75*環氧丙烷（右軸軟泡聚醚（左軸）環氧丙烷（左軸）1400012000100008000600040002000016-08 17-01 17-06 17-11 18-04 18-09 19-02 19-0716000硬泡聚醚-0.65*環氧丙烷（右軸）硬泡聚醚-0.65*環氧丙烷（右軸）硬泡聚醚（左軸） 環氧丙烷（左軸）12000100008000600040002000016-08 17-01 17-06 17-11 18-04 18-09 19-02 19-0755005000450040003500300025002000來源：Wind，來源：Wind，硅

42、氟鈦白粉行業圖表50：氫氟酸價格（元噸）圖表51：R22及R134A價格（元噸）氫氟酸:煙臺中瑞氫氟酸:煙臺中瑞140001200010000800060004000Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17 Jan-18 Jul-1840000R134A山東高端R22山東高端R134A山東高端R22山東高端300002500020000150001000050000Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17 Jan-18 Jul-18來源：Wind，來源：Wind，圖表52：有機硅、金屬價格（元噸）圖表53：鈦白

43、粉價格（元噸） 金屬硅3303 金屬硅3303DMC3500022000 出廠價: 出廠價:鈦白粉:晶型金紅石型(R2型):道恩鈦業300001800025000160002000014000150001200010000Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17 Jan-18 Jul-1810000Mar-16 Aug-16Jan-17Jun-17Nov-17 Apr-18Sep-18來源：Wind，來源：Wind，輪胎行業圖表54：天然橡膠（元噸）圖表55：丁二烯（美元噸） 期貨結算價( 期貨結算價(連續):天然橡膠20000150001000050

44、000Dec-15Jun-16Dec-16Jun-17Dec-17Jun-183500市場價(主流價):丁二烯市場價(主流價):丁二烯:山東市場現貨價(中間價):丁二烯:CFR東南亞 25002000150010005000Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-1830,00025,00020,00015,00010,0005,0000來源：Wind，來源：Wind，圖表56：合成橡膠價格元噸）圖表57：三元乙丙橡膠格（元噸）丁苯橡膠：1502華東丁腈橡膠：丁苯橡膠：1502華東丁腈橡膠：35L華東260002100016000110006000Dec-

45、15Jun-16Dec-16Jun-17Dec-17Jun-18市場價(平均價市場價(平均價):三元乙丙橡膠(J-18000170001600015000140001300012000Dec-15Jun-16Dec-16Jun-17Dec-17Jun-18來源：Wind，來源：Wind，圖表58：炭黑（元噸）圖表59：白炭黑價格（元噸）100000 炭黑 炭黑-1.7*煤焦油（右軸）碳黑(N330):華北出廠價:煤焦油(高溫):山東臨沂恒昌（左軸）白炭黑：華北7000白炭黑：華北3000.002500.003000.002500.0050002000.0040001500.0030001000

46、.002000500.000.0010000Dec-15Jun-16Dec-16Jun-17Dec-17Jun-18來源：Wind，來源：Wind，塑料行業圖表60：PE價格（元噸）圖表61：PP及BOPP價格（元噸） HDPE(5000S, HDPE(5000S, 揚 子 石 化 ） 1300012000110001000090008000Dec-15Jun-16Dec-16Jun-17Dec-17Jun-1815000聚丙烯（F401，揚子石化）聚丙烯（F401，揚子石化） BOPP(厚光膜):華東地區130001200011000100009000800070006000Dec-15Ju

47、n-16Dec-16Jun-17Dec-17Jun-18來源：Wind，來源：Wind，圖表62：PC與PMMA價格（元噸）圖表63：EPS價格（元噸）聚碳酸酯PC(注塑低粘聚碳酸酯PC(注塑低粘,沙伯基礎121R) 聚甲基丙烯酸甲酯注塑,2.0,日本旭化成80N)34000320003000028000260002400022000200001800016000Mar-13Mar-14Mar-15Mar-16Mar-17Mar-1815000出廠價:可發性聚苯乙烯出廠價:可發性聚苯乙烯(EPS,阻燃料):無錫興達130001200011000100009000800070006000Dec-15Jun-16Dec-16Jun-17De