随着我国新一轮千亿斤粮食产能提升行动全面推进，2026年春耕备耕正式进入关键阶段。 国内农资市场即将迎来"金三银四"传统旺季，尿素、复合肥等价格集体上行，化肥板块市场表现活跃。 农资保供稳价事关粮食安全大局，为牢牢守住粮食安全底线，国家发展改革委已于2026年2月印发通 知，联合多部门打响化肥保供稳价"保卫战"，强化信息发布、完善行业监管、鼓励社会监督，筑牢春耕 农资保供稳价防线。 多部门联动筑牢保供稳价防线 进入2026年以来，春耕备货需求逐步释放，叠加成本端支撑，国内化肥市场迎来阶段性上涨行情，二级 市场化肥板块表现强势，多只个股涨停，实体市场化肥品种价格同步走高。 根据国家统计局数据，2026年2月上旬与2025年12月下旬相比，尿素（中小颗粒）价格上涨了3.25%， 复合肥（硫酸钾复合肥，氮磷钾含量45%）价格上涨了12.6%。 山东化肥农药贸易商张瑜向《中国经营报》记者表示："从2025年下半年开始，尿素和硫酸钾复合肥就 进入到价格上行通道，累计涨价近20%。当前化肥市场价格仍在持续上涨，尿素价格呈现每日波动上 行，农药、复合肥等农资产品价格也同步走高。不过由于春耕市场尚处于开工启动阶段，零售贸易端 ...

本报记者 李立平 2月25日，A股化肥板块再度拉升。截至当日收盘，川金诺、赤天化、云天化、澄星股份、六国化工等多家上市公司股价涨 停。 从价格端看，化肥市场呈现出价格普涨态势。据国家统计局公布的数据，与1月下旬相比，2026年2月上旬尿素、磷肥 （55%磷酸一铵）、钾肥（港口62%白色氯化钾）、复合肥（磷酸钾复合肥，氮磷钾含量45%）、农药价格均出现上涨，其中 尿素价格上涨20.6%，磷肥价格上涨2.5%，钾肥价格上涨14.8%，复合肥价格上涨19%。 春耕在即，多家上市公司表示，将采取多元措施保障化肥供应。 盐湖股份相关负责人在回复《证券日报》记者采访时表示："我公司当前生产组织高效运转，全力以赴保障市场供应与客 户需求。" 据了解，该公司作为国内钾肥行业龙头企业，始终将"稳价保供"作为核心责任与央企担当，通过科学优化生产组织、强化 全链路物流调度、统筹资源调配等举措，全力保障春耕等农时的钾肥市场供应，有效维护钾肥市场平稳运行，切实筑牢农业生 产用肥保障防线，以实际行动践行国家粮食安全战略。 藏格矿业董秘李瑞雪向记者表示，目前正值春耕备耕关键期，作为国内氯化钾重要生产企业，公司旗下藏格钾肥依托青海 察尔汗盐 ...

Recent Events - Hermes Investment Management Ltd increased its stake in China National Chemical Corporation (03983.HK) by acquiring 340,000 shares at an average price of HKD 2.78 per share, totaling approximately HKD 945,200, raising its ownership to 14.01% [1] - On February 10, 2026, China National Offshore Oil Corporation (CNOOC) General Manager Huang Yongzhang conducted a survey at China National Chemical Corporation, emphasizing the need for the company to strengthen execution in fertilizer supply stability, technology enhancement, and risk management, which may positively influence market sentiment [1] - On February 13, 2026, the installation of all conductor frames for the Bohai Zhong 26-6 oilfield phase II project was completed. This oilfield, the largest metamorphic rock oilfield globally, is led by CNOOC and is expected to enhance domestic oil and gas supply and drive industrial chain upgrades upon production [1] Stock Performance - As of February 13, 2026, the closing price of China National Chemical Corporation's stock was HKD 2.76, with a cumulative increase of 3.37% over the past five days and a year-to-date increase of 14.05%. The stock experienced a price fluctuation of 5.24% between February 9 and 13, reaching a high of HKD 2.81 on February 12, with a trading volume of approximately HKD 31.15 million [2] - On February 13, 2026, there was a net outflow of funds amounting to approximately HKD 615,500, with retail investors contributing to the outflow while institutional investors showed no significant changes [2] - Technical indicators show that the MACD histogram has turned positive, the KDJ indicator has entered the overbought zone (with the J line reaching 90.48), and the upper Bollinger Band has broken through HKD 2.81, indicating active short-term buying but caution is advised regarding potential pullback risks [2]

截至2月9日13：20，石化ETF（159731）涨0.69%，持仓股浙江龙盛、彤程新材、华峰化学涨幅居前。 从资金净流入方面来看，石化ETF（159731）近20个交易日资金净流入总计14.47亿元，最新份额达 17.30亿份，最新规模达17.48亿元，均创成立以来新高。 据国家发展改革委2月5日消息，为保障2026年春耕及全年农业生产用肥需求，国家发展改革委近日发布 通知，从保障化肥生产原料供应，稳定化肥生产；促进化肥顺畅流通；加强化肥储备管理；加强化肥进 出口服务管理；加强化肥市场监管；推进科学施肥等六方面，全面部署做好2026年春耕及全年化肥保供 稳价工作。 光大证券认为确保国家粮食安全始终是头等大事，化肥及农药行业的稳健发展不仅是化工产业的重要组 成部分，更是落实乡村振兴战略、提升农业综合生产能力的核心物质基础。上述政策文件的发布体现了 政府部门对于农业发展的高度重视，将为化肥、农药行业提供长期稳定的发展环境和转型升级的动力。 华福证券认为，随着海内外经济回暖，主要化工品价格与需求均步入修复通道。化工行业龙头企业历经 多年竞争和扩张，具有显著规模优势，且通过研发投入持续夯实成本护城河，核心竞争力显著 ...

Group 1 - The National Development and Reform Commission (NDRC) has issued a notice to ensure the supply and stable pricing of fertilizers for the spring plowing of 2026 and throughout the year [1] - Provincial development and reform commissions are required to cooperate with industrial and information authorities to stabilize fertilizer production and ensure the supply of raw materials [1] - The notice emphasizes the importance of timely coordination to address challenges faced by storage enterprises in organizing, transporting, and financing fertilizer reserves [1] Group 2 - The notice also outlines the need for improved management of fertilizer imports and exports, as well as market regulation to maintain a good market order [2] - It calls for the promotion of scientific fertilization practices to enhance fertilizer usage efficiency [2]

Core Viewpoint - The National Development and Reform Commission (NDRC) of China has issued a notice to ensure the supply and stable pricing of fertilizers for the spring farming of 2026 and throughout the year [1] Group 1: Fertilizer Production and Supply - The NDRC emphasizes the importance of securing raw material supplies for fertilizer production and stabilizing production levels [1] - Provincial development and reform commissions are tasked with coordinating the supply of raw materials and ensuring that enterprises meet minimum production plans, especially during critical periods like winter storage and spring farming [1] - Environmental authorities are instructed to allow A and B grade fertilizer producers to self-manage emissions during severe pollution weather [1] Group 2: Fertilizer Distribution and Cost Reduction - The notice calls for smooth transportation of fertilizers and raw materials via waterways and highways, in collaboration with transportation authorities [1] - It encourages key agricultural input distribution companies to increase direct sales to fertilizer end-users [1] Group 3: Fertilizer Reserve Management - The NDRC highlights the need for effective management of fertilizer reserves, including regulatory checks and support for storage enterprises facing challenges [1] - There is a focus on enhancing the coordination of fertilizer reserves at different levels to improve scale, variety, and timing [1] Group 4: Market Regulation and Efficiency - The notice outlines requirements for improving import services and ensuring the stability of fertilizer imports [1] - It stresses the importance of market regulation to maintain order and promote scientific fertilization practices to enhance fertilizer efficiency [1]

近日，国家发展改革委发布《关于做好2026年春耕及全年化肥保供稳价工作的通知》（以下简称《通 知》），要求各地方各部门做好2026年春耕及全年化肥保供稳价工作，有效保障农业用肥，并系统部署 了从原料、生产、流通、储备到监管、服务的全链条工作任务，为保护农民种粮投入积极性、保障国家 粮食安全提供有力政策支撑。 严格监管，净化市场环境。《通知》要求加强化肥市场监管，严厉打击制售假冒伪劣化肥的违法行为， 特别指出要发挥村委会、驻村干部等基层力量的前哨监督作用。同时，加强对尿素期货市场的穿透式监 管，抑制过度投机。相关行业协会被要求加强市场信息发布，及时澄清不实传闻，引导市场理性预期， 从而全方位加固农业生产的"安全阀"，保护农民的合法权益不受侵害。 "庄稼一枝花，全靠肥当家"。化肥是粮食的"粮食"，对粮食增产贡献率在40%以上，其供应的充足性与 价格的稳定性，对粮食生产有着直接且巨大的影响。《通知》将保障化肥生产原料供应置于首位。要求 协调保障磷矿石、硫磺等关键原料的稳定供应与合理价格。同时，鼓励国产硫磺优先直接供应国内磷肥 生产企业；磷肥生产企业将国产磷肥积极供应国内市场，特别是加强春耕期间生产保供。 化肥从工厂 ...

1.中国光伏行业协会预计，2026年中国光伏新增装机规模将回落至180GW至240GW，"十五五"期间年均光伏新增装机量为 238GW至287GW。工信部电子信息司副司长王世江指出，治理光伏行业内卷将是今年工作的重中之重。 2.欧洲央行维持基准利率不变，为去年6月以来连续第五次暂停降息。不过，欧洲央行并未释放下一步政策走向的明确信号， 强化了市场对货币政策在一段时间内保持稳定的预期。官员们正密切关注欧元升值对出口竞争力和通胀前景的影响。 3.上期所发布通知，自2月9日收盘结算时起，黄金、白银期货已上市合约涨跌停板幅度分别调整为17%和20%，套保持仓交易保 证金比例调整为18%和21%，一般持仓交易保证金比例调整为19%和22%。 早盘速递 2026/2/6 热点资讯 第 1 页，共 3 页 板块持仓 (1,400,000) (1,200,000) (1,000,000) (800,000) (600,000) (400,000) (200,000) 0 200,000 400,000 600,000 800,000 Wind农副产品 Wind谷物 Wind化工 Wind能源 Wind煤焦钢矿 Wind有色 ...

Core Viewpoint - The National Development and Reform Commission (NDRC) has issued a notice to ensure the supply and stable pricing of fertilizers for the spring plowing of 2026 and throughout the year, focusing on six key areas of work [1] Group 1: Key Areas of Work - Ensure the supply of raw materials for fertilizer production and stabilize fertilizer production [1] - Promote smooth circulation of fertilizers and reduce agricultural fertilizer costs [1] - Strengthen fertilizer reserve management to effectively utilize reserve functions [1] - Enhance import and export service management for fertilizers to ensure import guarantees [1] - Strengthen market regulation of fertilizers to maintain a good market order [1] - Promote scientific fertilization to improve fertilizer usage efficiency [1] Group 2: Implementation Measures - Provincial development and reform commissions are tasked with ensuring smooth transportation of fertilizers and raw materials via water and road [1] - Encourage key agricultural material circulation enterprises to increase direct sales of fertilizers to end users [1] - The Agricultural Development Bank is to enhance financial support for fertilizer reserve business and related storage facility construction [1] - Encourage enterprises to increase sulfur imports to stabilize domestic supply and maintain reasonable inventory levels [1] - Urge key fertilizer circulation enterprises to take social responsibility in ensuring supply and price stability, resisting counterfeit products [1]

（来源：辽宁日报） 通知部署6方面重点工作：保障化肥生产原料供应，稳定化肥生产；促进化肥顺畅流通，降低农业用肥 成本；加强化肥储备管理，有效发挥储备功能作用；加强化肥进出口服务管理，切实做好进口保障；加 强化肥市场监管，维护良好市场秩序；推进科学施肥，提高化肥使用效率。 通知明确，各省级发展改革委要会同交通主管部门保障化肥及生产原料水路、公路运输通畅；发挥农资 骨干流通走廊作用，促进化肥及原料顺畅流通；引导重点农资流通企业加大向化肥直接用户销售比例。 农业发展银行要发挥政策性银行作用，加大对化肥储备业务及相关仓储设施建设的综合性金融服务支持 力度。鼓励有条件的企业视情加大硫磺进口力度，以稳定国内供应为目标保持合理库存水平。鼓励重点 化肥流通企业主动承担化肥保供稳价社会责任，抵制假冒伪劣商品。 转自：辽宁日报 新华社北京2月5日电 （魏玉坤 焦前程） 记者2月5日从国家发展改革委获悉，国家发展改革委近日印发 关于做好2026年春耕及全年化肥保供稳价工作的通知。 ...