目前，齐翔腾达已构建起以甲乙酮、顺酐为核心，辐射环氧丙烷、丙烯酸、丁腈胶乳、合成橡胶等30余 种产品的多元化、协同化产业链。年产8000吨高性能催化新材料项目亦在稳步推进中，未来将形成石油 化工、煤化工相融合的高性能催化剂产业基地，助力高端催化剂国产化替代。 面对化工行业周期性调整，齐翔腾达通过深入梳理产业，明确自身优势与短板，制定一系列存量优化方 案，深度挖掘现有装置潜力，优化公用工程配置，持续提升效率效益。该公司还积极探索产业转型升级 的新路径，通过实施产业链拓展，不断向技术护城河更深、低碳绿色更优、工艺附加值更高的新产品延 伸，持续增强装置资产的总价值和竞争力。此次完成升级改造的无水叔丁醇装置就是一场瞄准下游高附 加值应用场景的战略性升级。无水叔丁醇的应用领域已突破传统溶剂的范畴，逐步向高纯电子级、生物 基材料以及医药中间体等高端领域拓展，应用于电子与半导体清洗、疫苗佐剂合成等领域，其需求呈现 快速增长态势。 中化新网讯 近日，山东能源齐翔腾达积极以存量优化为重要抓手，完成年产40万吨叔丁醇装置的技术 升级改造，实现年产7万吨无水叔丁醇装置的稳定达产，在高端精细化工领域迈出关键一步。 ...

行业分析指出，2025至2030年间，国内无水叔丁醇市场需求年均增速有望维持在6%-8%，其中电子级、 医药级和生物基应用将成为核心增长引擎。齐翔腾达此次精准卡位高端细分市场，不仅提升了产品溢价 能力，也有效对冲了基础化工品周期波动风险。 据悉，此次技改并非简单产能替换，而是瞄准下游高附加值应用场景的战略性升级。无水叔丁醇（纯度 ≥99.5%）正逐步突破传统溶剂用途，广泛渗透至电子半导体、生物医药、生物基材料等新兴赛道。具 体来看，其在环氧树脂活性稀释剂（用于风电叶片、电子封装胶）、PCB及IC封装清洗（替代高污染醚 类溶剂）、抗生素与疫苗佐剂合成、聚乳酸（PLA）等可降解材料起始剂、以及低VOC航空与车用清洁 燃料添加剂等领域需求快速增长。 中证报中证网讯（记者 张鹏飞）近期，在化工行业深度调整与绿色低碳转型的双重背景下，齐翔腾达 （002408）以存量资产优化为抓手，成功完成对其40万吨/年叔丁醇装置的技术改造，实现年产7万吨 99.9%高纯无水叔丁醇的稳定达产。此举不仅标志着公司在高端精细化工领域迈出关键一步，更彰显其 从"规模驱动"向"价值驱动"战略转型的坚定决心。 值得关注的是，公司8000吨/年高 ...

Core Viewpoint - The "Stabilizing Growth Work Plan for the Petrochemical Industry (2025-2026)" emphasizes a transformation direction of "stabilizing total volume and optimizing structure," avoiding a one-size-fits-all approach to capacity reduction [1][2] Policy Impact on Chemical Prices - The plan focuses on controlling new capacity and upgrading existing facilities rather than eliminating current capacity, indicating that supply will not significantly shrink in the short term [1][2] - The core contradiction in the chemical market remains high capacity investment with weak demand, leading to a pessimistic market outlook despite policy changes [2] Specific Chemical Products Analysis - The plan supports refining enterprises to "reduce oil and increase chemicals," which may increase the total supply of chemical products, particularly affecting prices of basic chemicals like synthetic resins and ethylene glycol [2][5] - PX is viewed positively by multiple institutions due to the peak of capacity expansion being over, with no new capacity expected from 2024 to 2025, leading to a favorable supply-demand balance [3][4] - Ethylene is still in a capacity expansion cycle, and while the policy may slow down supply growth, the basic market remains loose, with price fluctuations expected to be limited [4] Long-term Market Opportunities - The policy aims to curb blind capacity expansion and improve the supply-demand mismatch, potentially increasing industry profit margins by 3-5 percentage points by 2026 [3] - Long-term investment opportunities are identified in three areas: high-end fine chemicals, green transition sectors, and companies with integrated layouts and technological advantages [5] Short-term Trading Strategies - Short-term trading strategies should focus on "swing trading" to avoid blind chasing of price increases, with attention to short-term mismatches due to policy windows and facility maintenance [6] - Investors are advised to be cautious of the potential for policy expectations to be overvalued in the market, particularly in high-end products [6]

Group 1 - The core viewpoint of the articles highlights the rapid development of high-end chemical industries in Changyi, Shandong, with a focus on attracting major projects and enhancing the local economy through strategic investments and partnerships [1][2] - Taihe New Materials Technology Co., Ltd. is set to begin trial production of 1,200 tons/year of electronic new materials and 750 tons/year of pharmaceutical intermediates by early next year, with 95% of its products exported to Japan and Europe [1] - Changyi has transformed its chemical industry from basic salt production to high-end fine chemicals, supported by two provincial chemical industry parks [1] Group 2 - Changyi Economic Development Zone has established four high-end chemical industry chains, including salt and salt chemical, high-end new materials, new pharmaceuticals, and fine chemicals, with a total of 69 chemical enterprises [2] - The local government has implemented a service mechanism for chemical industry investment projects, streamlining the approval process for 56 key projects and enhancing the business environment [2] - New projects in biobased materials, polyester fiber recycling, and environmentally friendly water treatment agents are currently under construction or in the planning stages [2]

Core Viewpoint - The completion of the main substation for the Yanzhou Mining Lunan Chemical 60,000 tons/year polyoxymethylene project marks a significant milestone, indicating the project has entered a new phase, laying a solid foundation for subsequent equipment installation and debugging [1] Group 1: Project Overview - The project is a major implementation project in Shandong Province for 2025, aiming to meet "international first-class" product standards and utilizing advanced production processes to enhance quality and reduce consumption [1] - Upon completion, the total production capacity of polyoxymethylene at Lunan Chemical will rank first in the country, establishing it as a leading enterprise in the polyoxymethylene industry [1] Group 2: Project Management and Execution - The company has leveraged its deep technical expertise and rich engineering experience by forming a professional design team and scientifically coordinating construction deployment [1] - The project team adheres to the philosophy of "delivering value, building the future," integrating party building with production, and strictly controlling engineering quality and progress to ensure safe, high-quality, and rapid project advancement [1] Group 3: Future Steps - The project has fully entered the equipment installation phase, with subsequent debugging and other work planned [1] - The company and the Yanzhou Mining Lunan Chemical project construction team will maintain high morale, collaborate closely, and strive to ensure the project progresses steadily according to the established plan, aiming for early production commencement [1]

Core Viewpoint - The Yanzhou Coal Mining Company's Lunan Chemical 60,000 tons/year polyformaldehyde project, contracted by China Chemical Tianchen Company, has successfully completed a major milestone with the topping out of the main substation, marking significant progress in the project [1] Group 1: Project Overview - The project is a key implementation project in Shandong Province for 2025, aiming to meet "international first-class" product standards [1] - Advanced production processes are being adopted to improve quality and reduce consumption, facilitating the industry's transition to high-end fine chemicals and new materials [1] - Upon completion, Lunan Chemical's total polyformaldehyde production capacity will rank first in the country, positioning it as a leading enterprise in the polyformaldehyde industry [1] Group 2: Project Management and Progress - Since the project's commencement, the Tianchen Company has formed a professional design team to scientifically coordinate construction deployment [1] - The project team adheres to the philosophy of "delivering value, building the future," integrating party building with production to ensure strict control over engineering quality and progress [1] - The project has now fully entered the equipment installation phase, with subsequent debugging and other work planned to ensure steady progress towards production [1]