Group 1 - The core point of the news is that Qixiang Tengda's stock price has increased by 6.01% on January 22, reaching 5.82 CNY per share, with a total market capitalization of 16.545 billion CNY and a trading volume of 315 million CNY, marking an 11.81% increase over three consecutive days [1] - Qixiang Tengda, established on January 4, 2002, and listed on May 18, 2010, is located in Zibo, Shandong Province, and specializes in various chemical products including ketones, anhydride, propylene, and other chemical catalysts, with its main revenue sources being anhydride chemicals (42.93%), foreign trade (35.28%), and other chemical products (10.72%) [1] Group 2 - From the perspective of the top ten circulating shareholders, Southern Fund's Southern CSI 1000 ETF (512100) reduced its holdings by 103,400 shares in the third quarter, now holding 12.9933 million shares, which is 0.47% of the circulating shares, resulting in a floating profit of approximately 4.2878 million CNY today [2] - The Southern CSI 1000 ETF (512100) has a total scale of 78.996 billion CNY and has achieved a return of 8.6% this year, ranking 1617 out of 5542 in its category, with a one-year return of 41.53%, ranking 1751 out of 4256 [2]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 603798 | 康普顿 | 17.93 | 4.98% | 7.92万 | | 1.39亿 | | 002408 | 齐翔腾达 | 5.49 | 4.17% | 114.56万 | | 6.32亿 | | 002493 | 荣盛石化 | 12.98 | 2.69% | 110.41万 | | 14.29亿 | | 300055 | 万邦达 | 8.16 | 2.51% | 14.81万 | | 1.20亿 | | 001316 | 润贝航科 | 43.80 | 2.34% | 5.27万 | | 2.32亿 | | 000554 | 泰山石油 | 7.10 | 2.31% | 32.17万 | | 2.27亿 | | 002986 | 宇新股份 | 12.11 | 1.85% | 8.42万 | | 1.01亿 | | 002377 | 国创高新 | 3.00 | 1.35% | 15.83万 | | 4707.86万 | | 0 ...

南财智讯1月21日电，齐翔腾达在投资者关系活动中表示，受友商检修、政策调整及原材料价格波动等 因素影响，市场供需出现缺口，甲乙酮、顺酐、环氧丙烷、橡胶等产品价格迎来不同程度上涨。公司甲 乙酮装置设计产能达26万吨/年，满负荷运行，市场占有率稳居世界第一；顺酐装置产能40万吨/年，销 量居国内前列；环氧丙烷装置完成技改后运行达预期；顺丁橡胶装置实现原料自给，有效降低生产成 本。公司将抓住涨价窗口期，优化生产负荷，提升高附加值产品产出比例，强化市场研判与客户协同， 保障供应链稳定交付，巩固市场竞争优势。 ...

Group 1: Product Pricing and Market Position - Recent price increases in products such as acetone, maleic anhydride, propylene oxide, and rubber are attributed to supply-demand imbalances caused by competitor maintenance, policy adjustments, and raw material price fluctuations [1] - The company’s acetone production capacity is 260,000 tons/year, making it the largest globally, with stable product quality and a leading market share [1] - The maleic anhydride production capacity is 400,000 tons/year, with sales ranking among the top in China [1] - The propylene oxide production capacity is 300,000 tons/year, achieving expected operational targets after technical upgrades [1] - The company aims to optimize production loads and increase the output of high-value-added products to strengthen its competitive position in both domestic and international markets [2] Group 2: Performance Expectations and Industry Outlook - The chemical industry is showing signs of recovery, with policy support and deeper collaboration across sectors driving gradual price increases and market confidence [2] - The company has over 2.6 million tons of annual production capacity and more than 30 product types, establishing a stable customer base and significant market position [2] - The rebound in the chemical cycle is expected to support performance recovery through increased production and market standing [2] Group 3: Capital Expenditure and Strategic Focus - The company emphasizes enhancing core competitiveness and cost control to maintain stability during industry fluctuations and seize market opportunities during recovery [2] - Current capital expenditure plans focus on optimizing existing capacity and transitioning to high-value-added products, with a cautious and pragmatic approach [2] - An 8,000 tons/year catalytic new materials project is nearing completion, which will enhance the company’s self-supply capabilities in high-end catalysts and break foreign technology monopolies [2] - The company plans to launch a series of small investment projects with quick returns in 2026, aligned with its existing industrial structure [2] Group 4: Strategic Positioning by Shandong Energy Group - Shandong Energy Group is shifting the company’s strategic focus from basic chemicals to high-end chemical new materials, accelerating transformation and upgrading efforts [3] - The strategy aims to enhance product value and industry synergy by leveraging the integration of coal, salt, and petroleum chemical industries [3]

Group 1 - The A-share market continues to show strength in the chemical sector, with notable stock increases including Hongbaoli up 9%, Jujiao Co. up 8%, and Rike Chemical up 6% [1] - The benchmark price for propylene oxide on January 21 is reported at 8233.33 yuan/ton, reflecting a 6.47% increase compared to the beginning of the month [1] - Over the past week (January 12 to 18), the price of propylene oxide has surged by 7.9%, leading the chemical market [1] Group 2 - Key stock performances include: - Hongbaoli with a market cap of 6.992 billion yuan and a year-to-date increase of 25.79% [2] - Jujiao Co. with a market cap of 4.897 billion yuan and a year-to-date increase of 27.46% [2] - Rike Chemical with a market cap of 3.598 billion yuan and a year-to-date increase of 15.87% [2] - Other notable stocks include Aladdin up 5.52%, Youcai Resources up 5.41%, and Qiaoyuan Co. up 5.23%, all showing strong year-to-date performance [2]

转自：证券时报 人民财讯1月21日电，齐翔腾达(002408)在互动平台表示，公司目前装置开工率持续稳定在90%以上，主 要产品甲乙酮、环氧丙烷、橡胶等装置均保持高负荷稳定运行。近期部分核心产品价格呈现明显回暖态 势，主打产品甲乙酮、顺酐、环氧丙烷、橡胶等均实现不同程度的价格上涨。公司将抢抓市场机遇，充 分发挥装置柔性生产优势，积极优化产品结构，推动盈利产品产能最大化释放。 ...

Group 1 - Meibang Technology focuses on the research and production of epoxy propane and downstream polyether polyols, benefiting from a clean production process and stable capacity, which enhances business profitability when epoxy propane prices rise [1][29] - Hongqiang Co., Ltd. produces concrete additives that utilize epoxy propane-derived polyether polyols, allowing for cost transfer to customers when prices rise, while also benefiting from the green building certification and infrastructure investment cycles [2][30] - Weiyuan Co., Ltd. has a large capacity for epoxy propane and integrates its production with other chemicals, which helps mitigate raw material price fluctuations and enhances profitability [3][31] Group 2 - Hongbaoli is a leading supplier of polyurethane insulation materials, with its core product being rigid polyether polyols, directly linked to epoxy propane prices, allowing for price adjustments through long-term agreements [4][32] - Yinuowei relies heavily on epoxy propane for its polyurethane products, maintaining stable relationships with downstream customers and benefiting from the rapid expansion of the new energy sector [5][33] - Yida Co., Ltd. has developed its own epoxy propane production technology and offers a range of solvents, benefiting from the green development policies and enhancing cost control through efficient procurement [6][34] Group 3 - Bohai Chemical leverages its location in the Beijing-Tianjin-Hebei petrochemical cluster to enhance its epoxy propane production, benefiting from regional supply advantages and low-carbon transformation initiatives [7][35] - China Chemical, as a state-owned enterprise, benefits from the rising demand for engineering services related to epoxy propane production, supported by its global project experience and technological capabilities [8][36] - Weixing Chemical has a complete C3 industrial chain layout, with significant cost advantages in epoxy propane production, and is actively expanding into new energy materials [9][36] Group 4 - Huaitai Co. integrates its chemical production with green paper-making concepts, enhancing profitability through the rising prices of epoxy propane while maintaining a focus on sustainable practices [10][38] - Kent Catalysts specializes in catalysts for epoxy propane production, benefiting from the industry's growth and focusing on high-end catalyst development for new energy applications [11][39] - Dongfang Shenghong has a vertically integrated "refining-polyester" chain, leveraging the high demand for epoxy propane to enhance profitability while expanding into photovoltaic materials [12][40]

Group 1 - The core viewpoint of the article highlights that Qixiang Tengda (002408) maintains a stable operating rate of over 90% for its production facilities, indicating strong operational efficiency [1] - The company reports a significant price recovery for key products such as methyl ethyl ketone, epoxy propane, and rubber, with various products experiencing price increases [1] - Qixiang Tengda aims to seize market opportunities by leveraging its flexible production capabilities and optimizing its product structure to maximize the release of profitable product capacity [1]

Core Viewpoint - Global chemical giants such as BASF, Dow, and Huntsman are simultaneously raising prices across multiple regions including Europe, Asia, and the Middle East [4][6]. Group 1: Price Increases - Major chemical companies are implementing price hikes in response to market conditions [4][6]. - The price increases are observed in various regions, indicating a coordinated strategy among these global players [4][6]. Group 2: Policy Changes - The Ministry of Finance and the State Taxation Administration announced that starting from April 1, 2026, the export tax rebate for certain products, including PVC and its variants, will be canceled [4][6]. - The affected products include primary forms of pure PVC powder, unplasticized PVC, and plasticized PVC [4][6]. Group 3: Market Performance - The chemical sector has seen a continuous rise, with several stocks hitting the daily limit up, including Meibang Technology, Xinxiang Chemical Fiber, and Jiangtian Chemical [6]. - Other companies such as Yida Co., and Deer Chemical have experienced gains exceeding 10% [6].

Core Viewpoint - The company, Qixiang Tengda (002408.SZ), is maintaining a stable operating rate above 90% for its production facilities, with key products experiencing a notable price recovery [1] Group 1: Production and Operations - The company's production facilities for key products such as acetone, propylene oxide, and rubber are operating at high load and stability [1] - The current operating rate of the company's facilities is consistently above 90% [1] Group 2: Market Opportunities - Recent price trends for core products have shown significant recovery, with price increases observed in main products like acetone, anhydride, propylene oxide, and rubber [1] - The company plans to seize market opportunities by leveraging its flexible production capabilities and optimizing product structure to maximize the release of profitable product capacity [1]