宝丰能源 20260106 摘要 2024 年四季度锡锭价格有所下行，主要因预计 2025 年国内聚乙烯、 聚丙烯新增产能约 1,010 万吨，乙烯、丙烯总产能增长约 13%，高于 表观消费量增长约 10%，市场面临价格压力。 全球烯烃新增产能将以油质为主，提高平均成本。中国 2026 年仍是乙 烯、丙烯投放高峰，新增产能预计千万吨左右，市场承压，但新能源等 新兴产业需求或带来转机，预计 2027 年前后行业迎来转折点。 公司息金成本维持在 4,000 元以内，大致在 3,780-3,890 元之间。采 购到场煤价基本上是 400 多元一吨，以此计算总成本约 3,700 元左右， 高的时候接近 3,900 元，低的时候 3,600 元左右。 美国控制委内瑞拉石油短期内不会显著改变全球供应格局，更多是长期 原油战略。国际原油价格已跌至 55-60 美元，接近多数石油开采企业成 本线，长期低于此区间将导致亏损，形成支撑。 预计 2025 年行业价差不会出现大的变动，在当前水平上下波动。当前 石油价格在 55 美元左右，优质聚乙烯有略微的利润，根据金联创的统 计，今年（2025 年）优质聚乙烯大概平均利润为 400 ...

格隆汇11月27日丨吉电股份(000875.SZ)在互动平台表示，公司绿色甲醇工艺不涉及费托合成技术。 ...

吉电股份在互动平台表示，公司绿色甲醇工艺不涉及费托合成技术。 ...

Core Insights - Green Carbon Synthesis Energy (GCE) has completed nearly 100 million yuan in Pre-A financing, led by Rongtuo Capital, to support the construction of its first self-operated factory and daily operational cash flow [2] - GCE focuses on producing sustainable aviation fuel (SAF) from agricultural and urban waste using self-developed Fischer-Tropsch synthesis technology [2][8] - The company aims to achieve an annual SAF production capacity of several thousand tons upon the completion of its factory [11] Company Overview - GCE was established in July 2023, with a team comprising members from top international nano-catalysis laboratories and leading domestic energy enterprises [2] - The founder, Dr. Xiao Lifeng, has a background in advanced nano-catalysis research and aims to leverage this expertise in the SAF market [2][9] Technology and Production - GCE has validated its core technology for SAF production and is currently constructing its first self-operated factory [2][11] - The company has optimized traditional Fischer-Tropsch technology, achieving a production yield 1.5 to 2 times higher than competitors [10] - The factory's location in Inner Mongolia allows for the utilization of abundant agricultural waste, further reducing production costs [11] Market Context - The global SAF market is projected to reach around 100 billion yuan by 2025, with current demand outpacing supply [11] - GCE's technology is positioned to address the supply-demand gap in the SAF market, especially as China initiates SAF application trials [11] Investment Perspective - Investors view GCE as a key player in the SAF sector, with its innovative catalyst technology and cost-effective biomass synthesis solutions [13][14] - The company is expected to lead the SAF technology innovation and contribute to global carbon reduction goals [13][14]