Core Viewpoint - The Henan Provincial Government has released the "Henan Province Port Industry Development Plan (2025-2035)", aiming to establish a convenient waterway for the central region to access the sea and develop a port industry framework characterized by "three cores leading, five belts coordinating, and multiple points supporting" [1] Group 1: Port Industry Development Framework - Henan will construct a "1+6+N" port industry development system, focusing on the logistics industry as the leading sector and six categories of manufacturing including advanced equipment, steel, new materials, food, light industry and textiles, and new energy vehicles, along with various service industries [3] - The plan emphasizes the cultivation of ten key port industry chains, including power equipment, shipbuilding, engineering machinery, advanced steel materials, chemical new materials, green building materials, deep processing of agricultural products, textiles and clothing, home furnishings, and new energy vehicles [3] Group 2: Chemical New Materials Focus - In the area of port chemical new materials, the plan aims for breakthroughs in advanced polymer materials, electronic chemicals, and titanium-based new materials, accelerating the formation of a chemical industry cluster [3] - The chemical new materials industry chain will enhance advantages in salt chemical, fluorine chemical, and bio-chemical sectors, promoting the transformation and upgrading of coal chemical processes, and strengthening key segments such as nylon textiles, polyurethane, biodegradable plastics, engineering plastics, and fluorine-based new materials [3] Group 3: Regional Development and Economic Goals - The plan outlines the establishment of three core port development areas in Zhoukou, Xinyang, and Zhengzhou, and the cultivation of five economic belts along rivers including the Sayng River, Huai River, Jialu River, Tangbai River, and Tuohe River [4] - By 2030, the scale of Henan's port industry is expected to exceed one trillion yuan, forming over nine port industry clusters with a scale of one hundred billion yuan, and achieving trillion and hundred billion levels for ten key port industry chains, moving towards high-end development [4]

近期化工园区安全事故多发，后续对于涉及硝化、氯化等高危化工反应的项目审批和生产监管将进一步趋严。 化工行业头部企业凭借更严格的安全生产管控流程、更优质的生产装置设备、更先进的工艺生产技术，将保障 存量高危化工反应装置的有序生产。化工行业头部企业在涉及高危反应的中间体、产品增量受限的情形下，可 以凭借现有产品的稳定生产而受益。 点击注册小程序 查看完整报告 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客户，用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿订阅、接收或使用本订阅号中的任何信息。本订阅号 难以设置访问权限，若给您造成不便，敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相 关人员为光大证券的客户。 报告摘要 近期化工园区安全事故多发，环保趋严背景下化工行业头部企业有望充分受益 风险分析： 原材料快速下跌和维持高位的风险；下游需求不及预期风险。 发布日期： 2025-06-16 免责声明 本订阅号是光大证券股份有限公司研究所（以下简称"光大证券研究所"）依法设立、独立运营的官方唯一订阅号。其他任 何以光大证券研 ...

特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客户，用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿订阅、接收或使用本订阅号中的任何信息。本订阅号 难以设置访问权限，若给您造成不便，敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相 关人员为光大证券的客户。 今 日 聚 焦 点击注册小程序 查看完整报告 【金工】市场风格或有切换——金融工程市场跟踪周报20250615 本周市场震荡收跌，主要宽基指数仅创业板指实现上涨。资金面方面，本周ETF延续净流出，大盘ETF为净流 出主力。近期市场逐步从宽幅震荡过渡至窄幅震荡，指数运行区间收缩过程中量能整体亦有放大，且高位常伴 资金止盈——后市运行或转向弱市整固。风格层面，前期以北证、微盘为代表的极小市值方向或有持续调整压 力，短期或呈现大市值占优特点。 （祁嫣然/张威）2025-06-15 您可点击今日推送内容的第1条查看 【有色】5月国内废铜产量9.2万吨，同比下降20%、环比上升5%——铜行业周报（20250609-20250613） 小结：贸易冲突对经济负面影响尚未完全显现， ...

证券研究报告 | 行业定期报告 2025 年 06 月 16 日 以色列伊朗发生冲突，原油价格大幅上涨 招商化工行业周报 2025 年 6 月第 3 周 周期/化工 本报告阐述了基础化工板块一周行情走势、产品价格及价差变化、重点推荐子 行业及公司。 板块整体走势 6 月第 3 周化工板块（申万）下跌 0.01%，上证 A 指下跌 0.24%，板块落后 大盘 0.23 个百分点。涨幅排名前 5 的个股分别为：华阳新材（+41.8%）， 科恒股份（+20.92%），闰土股份（+12.48%），金牛化工（+11.41%）， 兴化股份（+10.91%）；跌幅排名前 5 的个股分别为：领湃科技（- 14.14%），奥克股份（-12.92%），新金路（-12.23%），国风新材（- 11.08%），尤夫股份（-10.01%）。此外，本周化工板块（申万）动态 PE 为 24.59 倍，低于 2015 年来的平均 PE 9.81%。 细分子行业走势 6 月第 3 周化工行业 18 个子行业上涨，12 个子行业下跌。上涨子行业前五 是：纺织化学用品（+8.1%），石油贸易（+7.41%），钾肥（+5.37%）， 复合肥（+5. ...

[Table_Main] 证券研究报告 | 行业周报 基础化工 2025 年 06 月 16 日 基础化工 优于大市（维持） 证券分析师 王华炳 资格编号：S0120524100001 邮箱：wanghb3＠tebon.com.cn 市场表现 -22% -15% -7% 0% 7% 15% 22% 2024-06 2024-10 2025-02 基础化工 沪深300 资料来源：德邦研究所，聚源数据 相关研究 1.《染料行业更新：供给端趋紧态势 延续，重视 H 酸与活性染料弹性》， 2025.6.10 2.《涨价主线！关注氯虫苯甲酰胺、 SAF 等》，2025.6.8 3.《万华化学（600309.SH）：主营 业务保持稳健，减值&报废短期拖 累》，2025.6.4 4.《SAF 企业有望迎来量价齐升阶 段！》，2025.6.4 5.《新一轮化工供给侧改革或将开 启》，2025.6.3 涨价主线！关注活性染料、生物柴油等 [Table_Summary] 投资要点： 核心观点： 请务必阅读正文之后的信息披露和法律声明 本周基础化工板块表现好于大盘。根据 Wind，本周（6/6-6/13）上证综指涨跌幅为 -0.2 ...

芳烃橡胶早报 研究中心能化团队 2025/06/16 P T A 日期 原油 石脑油 日本 PX CFR 台湾 PTA内盘现 货 POY 1 50D/4 8F 石脑油裂 解价差 PX加工差 PTA加 工差 聚酯毛利 PTA平衡 负荷 PTA负 荷 仓单+有 效预报 TA基差 产销 2025/0 6/09 67.0 568 808 4830 6850 76.50 240.0 417 102 85.6 83.0 73663 225 0.70 2025/0 6/10 66.9 574 817 4855 6880 83.34 243.0 388 113 85.6 83.0 87345 215 0.55 2025/0 6/11 69.8 572 812 4825 6880 60.09 240.0 383 138 85.6 83.0 87441 220 0.25 2025/0 6/12 69.4 585 818 4855 6925 76.09 233.0 392 167 85.6 83.0 87441 220 0.75 2025/0 6/13 74.2 621 854 5010 6975 76.39 233.0 343 ...

Core Viewpoint - Changyu Group has applied for a listing on the Shanghai Stock Exchange, with its review status changed to "inquired," aiming to raise 700 million yuan [1]. Company Overview - Changyu Group specializes in the research, production, and sales of zirconium products, specialty nylon products, and fine chemical products, with key products including zircon oxychloride, zircon carbonate, zircon oxide, nano-composite zircon oxide, specialty nylon, long-chain dicarboxylic acid, long-chain diol, and long-chain dimethyl ester [1]. - The company is a well-known supplier of zirconium and specialty nylon products, holding the largest global production capacity for zircon oxychloride and leading in specialty nylon production capacity and variety in China [1]. Product Applications - The products of Changyu Group are widely used in various sectors, including automotive, communications, consumer electronics, high-performance ceramics, and medical fields, with sales extending to regions such as mainland China, Europe, the United States, Japan, South Korea, India, and Southeast Asia [3]. - The company has established strong partnerships with notable industry players, including Guocera Materials, First Rare Elements, Japan's Tokai, BYD, Solvay, Jinhua Technology, Swiss EMS, and South Korea's Hanwha Group [3]. Financial Performance - For the fiscal years 2022, 2023, and 2024, Changyu Group reported revenues of approximately 1.669 billion yuan, 1.607 billion yuan, and 1.637 billion yuan, respectively, with net profits of approximately 255 million yuan, 189 million yuan, and 208 million yuan [3]. - The total assets of the company as of December 31, 2024, are reported at 1.671 billion yuan, with equity attributable to shareholders at 1.267 billion yuan [4]. - The company’s asset-liability ratio stands at 5.16% for 2024, with a basic earnings per share of 0.56 yuan [4]. Market Outlook - The demand for zirconium materials is expected to grow, particularly in defense, high-end manufacturing, and sectors like 5G and electronic information communication, driven by the ongoing structural reforms in the chemical industry and China's transition from a major economic power to a strong economic power [2]. - According to QYResearch, the global zircon oxychloride market is projected to reach 750 million USD by 2030, indicating a significant expansion in market capacity due to increasing downstream demand [2].

金融界 2025 年 6 月 14 日消息，国家知识产权局信息显示，南通立洋化学有限公司;南通醋酸化工股份 有限公司申请一项名为"一种 2-氰基吡啶的纯化方法"的专利，公开号 CN120136782A，申请日期为 2023 年 12 月。 南通醋酸化工股份有限公司，成立于1959年，位于南通市，是一家以从事化学原料和化学制品制造业为 主的企业。企业注册资本20738.1万人民币。通过天眼查大数据分析，南通醋酸化工股份有限公司共对 外投资了15家企业，参与招投标项目13次，财产线索方面有商标信息6条，专利信息173条，此外企业还 拥有行政许可25个。 专利摘要显示，本发明公开了一种 2‑氰基吡啶的纯化方法，属于化工技术领域。本发明 2‑氰基吡啶的 纯化方法包括：在以 2‑甲基吡啶为原料，氨氧催化制备 2‑氰基吡啶粗品过程中，将得到的 2‑氰基吡啶 粗品经过装有金属吸附剂的吸附柱进行吸附除杂，即得到纯品 2‑氰基吡啶；所述金属吸附剂为 Li、 Cs、Be、Rb 中的两种或多种金属与石墨烯复合而成。通过该方法能够将纯度为 99.8％的 2‑氰基吡啶提 纯至 99.99％，得到高品质的 2‑氰基吡啶，同时无需回流回流 ...

Core Viewpoint - A significant explosion occurred at a nylon production facility in Gongdian Town, Yexian County, Pingdingshan City, Henan Province, resulting in one death and three injuries, highlighting the inherent risks associated with nylon production processes [1][2][4]. Industry Risks - Nylon production involves high-temperature and high-pressure reactions, as well as hazardous chemicals like caprolactam and liquid ammonia, which can easily lead to explosions if equipment fails or operational errors occur [4][5]. - The production process includes several stages, each with specific risks, such as toxic hazards from raw materials, flammable solvents, and high-temperature reactions that can lead to leaks and explosions [5][6][7]. Safety Measures - Experts recommend that companies enhance equipment inspections and process parameter monitoring, especially during high-temperature conditions, to prevent accidents [4]. - The local emergency management bureau has initiated an investigation into the incident, ruling out human sabotage but emphasizing the need for technical assessments to determine the cause [4][5]. Specific Risks in Production - The risks associated with nylon production include: - Toxic hazards from monomers like caprolactam and hexamethylenediamine, which can cause respiratory irritation and severe health issues upon exposure [5][6]. - Flammability of solvents used in the process, which can lead to explosions if not properly managed [6]. - High-temperature and high-pressure leaks during polymerization, which can result in burns and fires [7]. - Risks of solvent poisoning and mechanical injuries during the spinning and post-processing stages [8][9]. - Equipment corrosion and electrical hazards that can lead to fires or explosions if not addressed [9][10]. Emergency Preparedness - The lack of proper emergency training for employees can exacerbate the consequences of accidents, underscoring the importance of effective safety protocols and training [10].

Group 1 - The stock of Pan-Asia Micro透 (688386) has a comprehensive score of 80.94, indicating a strong performance [1] - The main cost analysis shows the following prices: current main cost at 53.30 yuan, 5-day main cost at 49.24 yuan, 20-day main cost at 39.70 yuan, and 60-day main cost at 43.56 yuan [1] - The stock has not experienced any涨停 (limit up) or跌停 (limit down) in the past year [1] Group 2 - The short-term support level is at 52.21 yuan, while the mid-term pressure level is at 39.92 yuan [2] - A bullish signal is indicated as the stock price has broken through the short-term pressure level, suggesting potential strength in the short term [2] - The MACD golden cross signal has formed, indicating a positive trend for certain stocks [3] Group 3 - On June 13, 2025, the net outflow of main funds was 147.76 thousand yuan, accounting for -1% of the total transaction amount [2] - There was a net inflow of 1,076.07 thousand yuan from large orders, while there was a net outflow of 1,223.83 thousand yuan from major orders [2] - The related industry sectors showed slight declines, including plastic products at -1.80%, fluorochemical at -0.33%, new materials at -1.20%, and commercial aerospace at -0.20% [2]