PETROCHINA(SH:601857) Sou Hu Cai Jing·2025-12-10 05:22Core Viewpoint - The A-share market continues to adjust, with the petrochemical ETF experiencing a slight decline, while certain stocks show gains and others face losses. The establishment of China's first national-level continental shale oil demonstration zone marks a significant achievement in unconventional oil and gas resource extraction [1]. Industry Summary - China's first national-level continental shale oil demonstration zone in Xinjiang has achieved an oil production of over 1.7 million tons this year, indicating the completion of its national-level demonstration project [1]. - Galaxy Securities forecasts a weak fluctuation in crude oil prices for December, with a slight decrease in industry cost pressures and an emphasis on optimizing supply-demand dynamics [1]. - The chemical industry remains at a low level of prosperity, with future investment themes focusing on addressing "involution" competition and fostering emerging industries, particularly in areas such as PTA, polyester filament, and robotic materials [1]. - The petrochemical ETF (159731) and its linked funds closely track the CSI Petrochemical Industry Index, with the basic chemical industry accounting for 60.39% and the oil and petrochemical industry for 32.71% of the index [1]. - The "anti-involution" policy is identified as a core theme for the petrochemical industry, with expectations for continued improvement in industry supply-demand and profitability [1].