Group 1 - The refining and trading sector increased by 0.73% compared to the previous trading day, with Runbei Hangke leading the gains [1] - On the same day, the Shanghai Composite Index closed at 3968.84, up 0.09%, while the Shenzhen Component Index closed at 13525.02, down 0.58% [1] - Key stocks in the refining and trading sector showed varied performance, with Runbei Hangke closing at 39.48, up 5.31%, and China Petroleum at 10.41, up 1.56% [1] Group 2 - The refining and trading sector experienced a net outflow of 655 million yuan from main funds, while retail investors saw a net inflow of 549 million yuan [2] - The table of fund flows indicates that major stocks like Heshun Petroleum and Runbei Hangke had mixed net inflows and outflows from different investor types [3] - Heshun Petroleum had a main fund net inflow of 29.66 million yuan, while Runbei Hangke saw a net outflow of 30.16 million yuan from retail investors [3]

恒力石化股份有限公司 近日，公司收到中国银行间市场交易商协会（以下简称"交易商协会"）下发 的《接受注册通知书》（中市协注〔2025〕DFI77号）。《接受注册通知书》中明确： 交易商协会决定接受公司债务融资工具注册；注册自通知书落款之日起2年内有效； 公司在注册有效期内可分期发行超短期融资券、短期融资券、中期票据、永续票据、 资产支持票据、绿色债务融资工具等产品，也可定向发行相关产品；每期发行时应 确定当期主承销商、发行产品、发行规模、发行期限等要素。 公司将根据《接受注册通知书》要求，并按照《非金融企业债务融资工具注册 发行规则》《非金融企业债务融资工具注册工作规程》《非金融企业债务融资工具 定向发行注册工作规程》《非金融企业债务融资工具信息披露规则》等有关规则指 引规定执行，及时履行信息披露义务。 特此公告。 恒力石化股份有限公司董事会 2026 年 1 月 1 日 恒力石化股份有限公司 关于非金融企业债务融资工具（DFI）注册申请获准的 公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 恒力石化股份有限公司（以下简 ...

恒力石化股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 恒力石化股份有限公司（以下简称"公司"）于2025年8月15日召开第九届董 事会第三十次会议，审议通过了《关于全资子公司之间吸收合并的议案》，同意 公司全资子公司恒力石化（大连）炼化有限公司（以下简称"恒力炼化"）吸收 合并公司全资子公司恒力石化（大连）化工有限公司（以下简称"恒力化工"）。 吸收合并完成后，恒力炼化存续经营，恒力化工将依法注销，恒力化工的全部资 产、债权、债务等其他一切权利和义务均由恒力炼化依法承继。具体内容详见公 司在指定信息披露媒体及上海证券交易所网站（www.sse.com.cn）披露的《关于 全资子公司之间吸收合并的公告》（公告编号：2025-047）。 近日，上述吸收合并涉及的市场主体登记手续，已在市场监督管理部门办理 完毕，至此，本次吸收合并事项已完成。本次吸收合并各方均在公司合并报表范 围内，吸收合并后不会对公司合并报表产生实质性影响，不会对公司的正常经营、 财务状况和经营成果产生重大影响，亦不存在损害公司及全体股东特别是中小 ...

Group 1 - The core viewpoint of the news highlights the strong performance of the Tianhong Chemical ETF (159133), which saw a turnover of 4.42% and a transaction volume of 26.6075 million yuan, with the underlying index rising by 1.84% to reach a new annual high [1][3] - The Tianhong Chemical ETF has achieved a record high in size at 629 million yuan and a record high in shares at 567 million, with a net inflow of 21.9844 million yuan recently [3] - The chemical sector is characterized by its complexity and rapid rotation, with the Tianhong Chemical ETF tracking 50 leading companies, covering both traditional cyclical sectors and emerging growth areas [3] Group 2 - Recent news indicates that major companies in the lithium iron phosphate industry, including Wanrun New Energy and Hunan Youneng, have announced maintenance and production cuts, with reductions of 35% to 50% planned for January 2026 [3][4] - Research institutions suggest that the collective maintenance in the lithium iron phosphate industry is a response to rising raw material costs, leading to increased operational pressure on companies [4] - The lithium battery supply chain is experiencing a rise in both volume and price, with significant increases in production and prices for lithium carbonate and lithium iron phosphate, indicating a recovery in downstream demand [5]

Core Viewpoint - The PTA (Purified Terephthalic Acid) sector is experiencing strong performance, attracting market attention with significant gains in stock prices of leading companies in the industry. Group 1: Company Highlights - Hengyi Petrochemical (恒逸石化) has a latest stock price of 10.98 CNY with a daily increase of +10.02%, recognized as a leading private multinational with significant PTA production capacity [1] - Xin Feng Ming (新凤鸣) has a latest stock price of 19.90 CNY with a daily increase of +7.86%, ranking among the top three in the domestic polyester filament industry, with most PTA products used internally [2] - Zhongtai Chemical (中泰化学) has a latest stock price of 5.15 CNY with a daily increase of +7.29%, noted for being the largest PTA facility in Northwest China with significant regional market advantages [3] - Rongsheng Petrochemical (荣盛石化) has a latest stock price of 11.98 CNY with a daily increase of +7.06%, recognized as a leader in the PTA industry with a total PTA capacity of approximately 19 million tons [4] - Hengli Petrochemical (恒力石化) has a latest stock price of 22.43 CNY with a daily increase of +6.81%, noted for having the most advanced technology and cost advantages in PTA production [5] - Tongkun Co., Ltd. (桐昆股份) has a latest stock price of 17.40 CNY with a daily increase of +4.07%, established an integrated production and sales structure for PTA and polyester [6] - Shanghai Petrochemical (上海石化) has a latest stock price of 2.85 CNY with a daily increase of +3.64%, possessing a PTA capacity of 400,000 tons per year [8] - Dongfang Shenghong (东方盛虹) has a latest stock price of 11.37 CNY with a daily increase of +3.46%, recognized as an important polyester raw material supplier in East China with existing PTA capacity [9]

化工板块今日（12月30日）重拾攻势！反映化工板块整体走势的化工ETF（516020）早盘低开后震荡拉 升，盘中场内价格最高涨幅达到2.56%，截至收盘，涨1.98%，收盘价续创2022年9月以来新高。 成份股方面，石化、涤纶、磷化工、锂电等板块部分个股涨幅居前。截至收盘，恒逸石化涨停，新凤 鸣、荣盛石化双双大涨超7%，恒力石化涨超6%，金发科技、云天化、天赐材料等亦涨幅居前。 | | | 分时 多日 1分 5分 15分 30分 · | | | | F9 盘前盘后 盛加 九菲 图线 工具 份 O | | > | 4. TETF O | | | | 516020 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 0.88 | | | | 516020(化工ETF] 14:15 价 0.877 滚跌 0.017(1.98%) 均价 0.870 周交量 2541 1. | | | | | 0.877 | | | +0.017 +1.98% | | | 0.871 | | | | Ac. ...

化工板块今日（12月30日）重拾攻势！反映化工板块整体走势的化工ETF（516020）早盘低开后震荡拉升，盘中场内价格最高涨幅达到1.63%，截至发稿， 涨1.4%。 成份股方面，石化、氮肥、农药等板块部分个股涨幅居前。截至发稿，恒逸石化飙涨超6%，荣盛石化、新凤鸣、恒力石化等大涨超5%，桐昆股份、鲁西化 工、华鲁恒升等涨超3%。 | | | 分时 多日 1分 5分 15分 30分 ▼ | | | | | F9 盘前盘后 叠加 九转 画线 工具 & (2) | | | > | KTETE ® | | 516020 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 0.874 | | | | 1 - 1 - 1 - 1 - | 516020[化工ETF] 11:03 价 0.872 涨跌 0.012(1.40%) 均价 0.863 成交量 2228 | | | | 1.63% | WP | 0 872 | | +0.012 +1.40% | | | | | | | | | | | | ...

Group 1 - The chemical sector has regained momentum, with the chemical ETF (516020) experiencing a maximum intraday increase of 1.63% and closing up 1.4% [1][8] - Key stocks in the sector include Hengyi Petrochemical, which surged over 6%, and other companies like Rongsheng Petrochemical and New Fengming, which rose over 5% [1][8] - The recent high-quality development conference for the fertilizer industry highlighted the transition towards quality and efficiency in the sector, alongside new quota policies for refrigerants that are expected to optimize supply-demand dynamics [10][10] Group 2 - According to Huaxin Securities, the chemical industry remains weak overall, with mixed performance across sub-sectors due to past capacity expansions and weak demand, although some sectors like lubricants have exceeded expectations [3][10] - The chemical ETF (516020) has a price-to-book ratio of 2.57, indicating a relatively reasonable valuation position within the last decade [3][10] - According to Everbright Securities, the basic chemical industry is expected to see significant growth by 2025, driven by strong demand in new materials and emerging applications such as AI and OLED [4][11] Group 3 - The chemical ETF (516020) tracks the CSI sub-sector chemical industry theme index, covering various segments, with nearly 50% of its holdings in large-cap stocks like Wanhua Chemical and Salt Lake Potash [4][11] - Investors can also access the chemical sector through linked funds of the chemical ETF, providing a diversified investment approach [5][11]

abc 26 December 2025 Global Research First Read PTA industry self-discipline has improved notably following the industry symposium held in late Oct. Market-wide inventories have been falling, now at a low in nearly three years, due to reduced supply as a result of intense maintenance underway at mainstream producers. Compared to end-Oct, the PTA price rose over Rmb500/t to Rmb5,040/t as of 25 Dec, with a nearly Rmb100/t pickup in gross profit. 2026E earnings set to benefit from improving aromatics fundament ...

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