大炼化周报：长丝价格上涨，产销大幅增加-20250519

1. Report Industry Investment Rating No industry investment rating is provided in the given content. 2. Report's Core View The report presents a weekly overview of the large refining and chemical industry, including price, profit, inventory, and开工率 data for various sectors such as refining, polyester, and chemicals, as well as performance data for related listed companies [2][8][9]. 3. Summary by Directory 3.1 Big Refining Weekly Data Briefing - Six Private Big Refining Companies' Performance: The table shows the stock price changes of six private big refining companies in the past week, month, three months, and one year, as well as profit forecasts and market capitalization data [8]. - Oil Price and Refining Spread: Brent crude oil was at $65.4 per barrel, up $3.8 (6.2%) week - on - week; WTI was at $62.4 per barrel, up $3.9 (6.6%) week - on - week. The domestic refining project spread was 2667 yuan/ton, up 10.5 yuan/ton (0.4%); the foreign refining project spread was 1144 yuan/ton, up 80.2 yuan/ton (7.5%) [8]. - Polyester Sector: PX average price was $852.2/ton, up $95.6 week - on - week; POY/FDY/DTY average prices were 6807/6986/7986 yuan/ton, up 357/389/304 yuan/ton respectively. POY/FDY/DTY weekly average profits were - 84/- 231/- 164 yuan/ton, down 53/32/89 yuan/ton respectively. POY/FDY/DTY inventories were 8.9/16.8/24.0 days, down 8.2/5.4/3.8 days respectively. The filament开工率 was 91.9%, down 0.3 pct. The downstream loom开工率 was 63.4%, up 2.6 pct [2][9]. - Refining Sector: In China, gasoline prices fell, while diesel and jet fuel prices rose. In the US, gasoline, diesel, and jet fuel prices all rose [2][9]. - Chemical Sector: PX average price was $852.2/ton, up $95.6 week - on - week, with a spread of $375.1/ton over crude oil, up $67.7 week - on - week. The PX开工率 was 78.2%, up 0.9 pct [2][9]. 3.2 Big Refining Weekly Report - 2.1 Big Refining Index and Project Spread Trends: It likely analyzes the trends of the big refining index and project spreads, including the market performance of six private big refining companies and the changes in domestic and foreign refining project spreads [8][11][15]. - 2.2 Polyester Sector: This section may cover the price, profit, inventory, and开工率 of products in the polyester industry chain, such as crude oil, PX, PTA, and polyester filaments, as well as the relationship between them [2][9][22]. - 2.3 Refining Sector: It includes the price and spread of domestic and foreign refined oil products (gasoline, diesel, jet fuel) and their relationship with crude oil prices [2][9][78]. - 2.4 Chemical Sector: This part presents the price and spread of various chemical products (EVA, benzene, styrene, etc.) and their relationship with crude oil prices [9][126][127].