2025年1-9月石脑油产量分析： 据国家统计局数据，在2025年的前9个月，黑龙江省规模以上工业企业石脑油产量累计达到了74.7万 吨，与2024年同期的数据相比，增长了1.5%，增速较2024年同期低52.5个百分点，增速放缓，增速较同 期全国高2.1个百分点，约占同期全国规模以上企业石脑油产量5951.8万吨的比重为1.3%。 摘要：【图】2025年1-9月黑龙江省石脑油产量统计分析 图表：黑龙江省石脑油产量分月（累计值）统计 注：主要能源产品产量月度统计范围为规模以上工业法人单位，即年主营业务收入2000万元及以上的工 业企业。 产业调研网为您提供更多 图表：黑龙江省石脑油产量分月（当月值）统计 2025年9月石脑油产量分析： 单独看2025年9月份，黑龙江省规模以上工业企业石脑油产量达到了8.8万吨，与2024年同期的数据相 比，9月份的产量下降了0.4%，增速较2024年同期低43.4个百分点，增速与同期全国持平，约占同期全 国规模以上企业石脑油产量667.4万吨的比重为1.3%。 石油化工行业最新动态 石油市场调研与发展前景 化工发展现状及前景预测 日化市场调研及发展趋势 润滑油行业监测及发展趋 ...

证券时报·数据宝统计，中国石油化工股份在港交所公告显示，12月4日以每股4.480港元至4.540港元的 价格回购173.20万股，回购金额达778.88万港元。该股当日收盘价4.500港元，下跌0.22%，全天成交额 4.35亿港元。 自10月30日以来公司已连续26日进行回购，合计回购1.20亿股，累计回购金额5.26亿港元。 其间该股累 计上涨6.64%。 今年以来该股累计进行59次回购，合计回购3.42亿股，累计回购金额15.93亿港元。（数据宝） 中国石油化工股份回购明细 | 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2025.12.04 | 173.20 | 4.540 | 4.480 | 778.88 | | 2025.12.03 | 180.00 | 4.560 | 4.500 | 814.16 | | 2025.12.02 | 120.00 | 4.550 | 4.450 | 541.76 | | 2025.12.01 | 112.80 | 4.460 | 4.4 ...

（来源：山东工商联） 张成如 省总商会副会长 省石油与清洁燃料业商会会长 山东联星能源集团董事长 通过深入学习党的二十届四中全会精神，倍感振奋、倍受启迪。全会审议通过的《中共中央关于制定国 民经济和社会发展第十五个五年规划的建议》，准确把握我国发展的历史方位，深入分析国际国内形 势，明确了"十五五"时期经济社会发展的指导方针和主要目标。作为商会会长，我将充分发挥好自身企 业在石油化工、新材料、清洁能源技术方面的优势，继续加大对石油化工、煤化工以及氢能等新的清洁 能源技术开发，实现智能化、绿色化、融合化发展。同时，持续加强自身建设，提升履职能力，将学习 成果转化为实际行动，为推进中国式现代化凝聚力量。 陈能豪 省总商会副会长 山东省福建总商会会长 济南加州通达国际冷链物流董事长 党的二十届四中全会以深邃的历史洞察、系统的战略部署和坚定的实践导向，为我们描绘了清晰的发展 路线图。作为商会会长，我将带领广大会员企业学习好、宣传好、贯彻好全会精神，统一思想行动，把 握政策机遇，推动技术革新与绿色转型，深化鲁闽经贸合作，助力区域协调发展。作为民营企业家，我 将积极履行社会责任，在乡村振兴、公益慈善中贡献民企力量，以实际 ...

摘要：【图】2025年1-8月湖北省汽油产量统计分析 2025年8月汽油产量统计： 汽油产量：39.3 万吨 增速较上一年同期变化：低1.4个百分点 据统计，2025年8月湖北省规模以上工业企业汽油产量与上年同期相比增长了2.6%，达39.3万吨，增速 较上一年同期低1.4个百分点，增速放缓，增速较同期全国高4.3个百分点，约占同期全国规模以上企业 汽油产量1347.7万吨的比重为2.9%。 详见下图： 同比增长：2.6% 2025年1-8月汽油产量统计： 汽油产量：319.8 万吨 同比增长：8.5% 增速较上一年同期变化：高3.9个百分点 据统计，2025年1－8月，湖北省规模以上工业企业汽油产量与上年同期相比增长了8.5%，达319.8万 吨，增速较上一年同期高3.9个百分点，继续保持增长，增速较同期全国高14.2个百分点，约占同期全国 规模以上企业汽油产量10283.6万吨的比重为3.1%。详见下图： 图2：湖北省汽油产量分月（累计值）统计图 图1：湖北省汽油产量分月（当月值）统计图 注：主要能源产品产量月度统计范围为规模以上工业法人单位，即年主营业务收入2000万元及以上的工 业企业。 产业调研网为 ...

增速较上一年同期变化：低2.3个百分点 据统计，2025年9月黑龙江省规模以上工业企业硫酸产量与上年同期相比下降了3.7%，达5.1万吨，增速 较上一年同期低2.3个百分点，增速较同期全国低9.3个百分点，约占同期全国规模以上企业硫酸产量 923.86758万吨的比重为0.6%。 详见下图： 图1：黑龙江省硫酸产量分月（当月值）统计图 摘要：【图】2025年9月黑龙江省硫酸产量数据分析 2025年9月硫酸产量统计： 硫酸产量：5.1 万吨 同比增长：-3.7% 图2：黑龙江省硫酸产量分月（累计值）统计图 2025年1-9月硫酸产量统计： 硫酸产量：47.1 万吨 同比增长：-10.0% 增速较上一年同期变化：低25.8个百分点 据统计，2025年1－9月，黑龙江省规模以上工业企业硫酸产量与上年同期相比下降了10.0%，达47.1万 吨，增速较上一年同期低25.8个百分点，增速较同期全国低15.4个百分点，约占同期全国规模以上企业 硫酸产量8329.56708万吨的比重为0.6%。详见下图： 注：从2011年起，我国规模以上工业企业起点标准由原来的年主营业务收入500万元提高到年主营业务 收入2000万元。 产 ...

Group 1 - The core viewpoint of the news is the performance and growth of the Petrochemical ETF, which has shown significant increases in both net inflow and value over recent periods [1][2] - As of December 4, 2025, the Petrochemical ETF has achieved a net inflow of 25.50 million yuan over the past nine days, with a maximum single-day inflow of 11.49 million yuan [1] - The Petrochemical ETF's net asset value has increased by 28.30% over the past two years, with a highest monthly return of 15.86% since its inception [1] Group 2 - The top ten weighted stocks in the Petrochemical Industry Index account for 56.67% of the index, with major companies including Wanhua Chemical, China Petroleum, and Yalku [2] - The Petrochemical ETF has reached a new high in both scale and share, with a total scale of 202 million yuan and 242 million shares as of the latest report [1]

Group 1 - The core viewpoint of the article highlights the positive performance of the Petrochemical ETF (159731), which has seen a 0.36% increase as of December 4, with significant inflows of capital totaling 25.5 million yuan over nine consecutive trading days, reaching a new high in both shares and scale [1] - The report from Guohai Securities suggests that the "anti-involution" measures are expected to lead to a revaluation of the Chinese chemical industry, potentially slowing down global capacity expansion, which could enhance the dividend yield for companies in this sector [1] - The Chinese chemical industry is characterized by abundant net cash flow from operating activities, and a slowdown in expansion could transform it from a "money-burning beast" to a "cash cow," with supply-side changes likely to improve market conditions [1] Group 2 - The Petrochemical ETF (159731) and its linked funds (017855/017856) closely track the CSI Petrochemical Industry Index, with the basic chemical industry accounting for 60.39% and the oil and petrochemical industry for 32.71% of the sector distribution [1] - The ongoing "anti-involution" policies targeting the chemical industry are a key support for the sector's strength, indicating a favorable outlook for chemical stocks, particularly in areas such as petrochemicals, coal chemicals, organic silicon, phosphate chemicals, and glyphosate [1]

Report Industry Investment Rating No relevant information provided. Core Viewpoints of the Report - In the short - term, the RMB - US dollar exchange rate is likely to continue the two - way fluctuation pattern of "weak US dollar and stable RMB", with the core fluctuation range between 7.05 - 7.10. The RMB appreciation rhythm will be relatively mild, and the two - way fluctuation characteristics will be more obvious. Some institutions predict that the US dollar - RMB exchange rate may gradually approach 7.025 by the end of December [4]. - The short - term profit growth rate of large - scale industrial enterprises is under pressure and is likely to maintain a weak shock pattern. In the medium - and long - term, the profitability of industrial enterprises is expected to enter a gradual repair channel in 2025 [2]. - Stock index is expected to continue to fluctuate in the short - term due to the balance between long and short forces [6]. - For treasury bonds, medium - term long positions can be continued to hold, and attention should be paid to the Politburo meeting [7]. - The container shipping European line futures price will continue to fluctuate in the short - term due to the game between the expectation of resuming navigation and the price - holding actions of shipping companies [8]. - For precious metals, in the medium - and long - term, the price center of precious metals will continue to rise, and in the short - term, the price elasticity is increased [16]. - For base metals such as copper and aluminum, the prices are affected by factors like the increase in LME copper cancelled warrants, the strengthening of interest rate cut expectations, and the improvement of macro - sentiment, showing different trends [17][19]. - For black commodities, the prices of steel products may gradually increase in shock, and iron ore prices will maintain a high - level shock pattern [23][27]. - For energy and chemical products, the oil price is in a game between geopolitical tensions and weak fundamentals, showing a downward shock trend in the medium - and long - term; other products have different trends based on their own supply and demand fundamentals [33][35]. - For agricultural products, the prices of different varieties such as pigs, oilseeds, and oils are affected by factors such as supply and demand, policies, and weather, showing different trends [77][78][80]. Summary by Relevant Catalogs Financial Futures - **Macro**: The US ADP data unexpectedly declined, with employment decreasing by 32,000 people, the largest decline since March 2023. The US ISM services PMI expansion rate reached the fastest in nine months, with the price index at a seven - month low and the employment index at a six - month high. The new Fed Chairman Hasset is likely to be appointed, and bond investors have warned the US Treasury [1][5]. - **RMB Exchange Rate**: The on - shore RMB against the US dollar closed at 7.0661, up 51 points. The US ADP employment in November decreased by 32,000 people, the lowest since March 2023. The short - term RMB - US dollar exchange rate is expected to be in a two - way fluctuation pattern [3][4]. - **Stock Index**: The stock index fluctuated weakly, and the trading volume of the two markets increased by 76.532 billion yuan. The US ADP data made investors almost certain that the Fed would cut interest rates next week, but the impact on the market was limited. The stock index is expected to continue to fluctuate in the short - term [4][6]. - **Treasury Bonds**: T, TF, TS fluctuated and closed up, while TL continued to decline. The open - market reverse repurchase was 7.93 billion, with a net withdrawal of 13.4 billion. The money market was loose. Attention should be paid to the Politburo meeting, and medium - term long positions can be continued to hold [6][7]. - **Container Shipping European Line**: The futures price of the container shipping European line continued to fluctuate. The market focused on the game between the expectation of resuming navigation in the Red Sea and the price - holding actions of shipping companies in late December. There are both positive and negative factors in the market [8][10]. Commodities Non - ferrous Metals - **Platinum & Palladium**: The prices of platinum and palladium were mainly driven by investment attributes, showing a shock - upward trend. The Fed's December interest rate cut probability was about 89%. Long - term platinum ETFs increased, while palladium ETFs decreased [13]. - **Gold & Silver**: The prices of gold and silver were in a shock pattern. The US ADP data supported the Fed's interest rate cut expectation. In the medium - and long - term, the price center of precious metals will continue to rise [14][16]. - **Copper**: The copper price rose sharply due to the large increase in LME copper cancelled warrants and the strengthening of interest rate cut expectations. The short - term copper price is expected to remain high [17]. - **Aluminum Industry Chain**: The price of Shanghai aluminum was shock - upward, mainly driven by the improvement of macro - sentiment and the rise of copper and silver. The price of alumina is expected to be weak, and the price of cast aluminum alloy is expected to be shock - upward [18][19]. - **Zinc**: The zinc price was in a shock - upward trend. The ADP data strengthened the interest rate cut expectation. The supply of zinc may shrink, and the demand is in the off - season [20]. - **Tin**: The tin price rose driven by funds. The short - term supply is tight, and the interest rate cut expectation is strong. It is not recommended to short in the short - term [20][21]. - **Lead**: The lead price was in a narrow - range shock. The supply of the lead smelting end decreased, and the inventory decreased slightly [21][22]. Black Commodities - **Rebar & Hot Rolled Coil**: The prices of rebar and hot - rolled coil were shock - upward. The overseas macro - sentiment was warming up, and the market expected policy support. However, the iron ore valuation was high, and there was a risk of decline [23][24]. - **Iron Ore**: The iron ore price rose first and then fell. The short - term fundamentals improved, and the price is expected to maintain a high - level shock pattern [26][27]. - **Coking Coal & Coke**: The coking coal price was under pressure, and the coke price may face a decline. The 01 contract of coking coal can hold short positions, and the 05 contract can be considered for long - term allocation [29][30]. - **Silicon Iron & Silicon Manganese**: The prices of silicon iron and silicon manganese were shock - downward. The demand is weak, and the inventory is high [31][32]. Energy and Chemical Products - **Crude Oil**: The oil price was in a game between geopolitical tensions and weak fundamentals, showing a downward shock trend in the medium - and long - term. Attention should be paid to OPEC+ policies and the progress of Russia - Ukraine peace talks [33][35]. - **LPG**: The LPG price was in a shock pattern. The supply increased slightly, and the demand changed little [36][37]. - **PTA - PX**: The PTA - PX supply - demand pattern is expected to be good. The aromatics blending oil speculation has cooled down, and the PTA processing fee has been repaired to a certain extent [38][41]. - **MEG - Bottle Chips**: The MEG valuation is under pressure. The supply has increased, and the demand is expected to decline. The 12 - month inventory accumulation expectation is revised to a tight balance [43][46]. - **Methanol**: The 01 contract of methanol maintains a weak expectation. The main factors affecting it include the slow unloading in ports and the situation of Iranian device shutdown [47][48]. - **PP**: The PP price has a marginal improvement expectation. The supply may decrease, and the demand is relatively stable. Attention should be paid to the PDH device operation and the basis change [49][50]. - **PE**: The PE price is expected to continue to fluctuate. The supply is increasing, and the demand is decreasing. Attention should be paid to the spot situation and the basis change [51][52]. - **Pure Benzene - Styrene**: The pure benzene shows a near - weak and far - strong pattern, and styrene shows a near - strong and far - weak pattern [53][54]. - **Fuel Oil**: The high - sulfur fuel oil cracking is weak, and the low - sulfur fuel oil cracking may rebound after the price of Dar Blend stabilizes [55][56]. - **Asphalt**: The asphalt price is in a weak shock pattern. The winter storage may be insufficient in quantity, and attention should be paid to the winter storage policy [56][58]. - **Rubber**: The natural rubber price is expected to be in a wide - range shock pattern, and the synthetic rubber price may decline. The difference between natural rubber and synthetic rubber is expected to expand [62][63]. - **Urea**: The urea price is expected to continue to fluctuate. The high supply is under pressure, but the export policy provides support [64][65]. - **Soda Ash & Caustic Soda**: The soda ash price is mainly cost - determined, and the glass price is affected by cold - repair expectations. The caustic soda price is expected to be weak [66][68]. - **Pulp - Offset Paper**: The pulp price is expected to continue to rise, and the offset paper price is expected to be shock - upward [69][70]. - **Log**: The log price is in a low - level shock pattern, and the supply and demand are not improved [71][72]. - **Propylene**: The propylene market remains loose, and the price is in a shock pattern [74][75]. Agricultural Products - **Pigs**: The short - term supply pressure of pigs is still high, and the long - term supply may be affected by policies [77]. - **Oilseeds**: The external soybean market is mainly concerned with the supply and Chinese procurement. The domestic soybean meal lacks a single - side driver, and the rapeseed meal has a supply recovery expectation [78][79]. - **Oils**: The oil price is in a shock pattern. The supply pressure of palm oil and soybean oil exists, and the supply of rapeseed oil may be alleviated [80]. - **Cotton**: The cotton price is supported by the downstream demand. Pay attention to whether it can break through the hedging pressure level [81]. - **Sugar**: The sugar price is in a weak state, affected by factors such as production in India and Brazil [82][84]. - **Eggs**: The long - term egg production capacity is still excessive, and the short - term price may rebound [85]. - **Apples**: The apple price maintains a strong pattern, and the inventory is increasing [86]. - **Jujubes**: The jujube price is in a low - level shock pattern. Pay attention to the new jujube production determination [87][88].

| 燃 料 油 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 日期 | 鹿特丹3.5% HSF | 鹿特丹0.5% VLS | 鹿特丹HSFO-Br | 鹿特丹10ppm G | 鹿特丹VLSFO-G | LGO-Brent M1 | 鹿特丹VLSFO-H | | | O掉期 M1 | FO掉期 M1 | ent M1 | asoil掉期 M1 | O M1 | | SFO M1 | | 2025/11/27 | 351.22 | 390.78 | -7.41 | 651.68 | -260.90 | 25.79 | 39.56 | | 2025/11/28 | 353.76 | 391.86 | -7.40 | 658.00 | -266.14 | 26.28 | 38.10 | | 2025/12/01 | 352.55 | 394.14 | -7.12 | 645.54 | -251.40 | 25.52 | 41.59 | | 2025/12/02 | 348.23 | 390.52 | -7.51 | 645. ...

摘要：【图】2025年1-9月内蒙古自治区原油加工量统计分析 同比增长：-7.3% 2025年9月原油加工量统计： 原油加工量：35.5 万吨 同比增长：-1.4% 增速较上一年同期变化：高8.6个百分点 据统计，2025年9月内蒙古自治区规模以上工业企业原油加工量与上年同期相比下降了1.4%，达35.5万 吨，增速较上一年同期高8.6个百分点，增速较同期全国低8.2个百分点，约占同期全国规模以上企业原 油加工量6268.7万吨的比重为0.6%。 详见下图： 图1：内蒙古自治区原油加工量分月（当月值）统计图 2025年1-9月原油加工量统计： 原油加工量：309.5 万吨 注：主要能源产品产量月度统计范围为规模以上工业法人单位，即年主营业务收入2000万元及以上的工 业企业。 增速较上一年同期变化：低3.4个百分点 据统计，2025年1－9月，内蒙古自治区规模以上工业企业原油加工量与上年同期相比下降了7.3%，达 309.5万吨，增速较上一年同期低3.4个百分点，增速较同期全国低11.0个百分点，约占同期全国规模以 上企业原油加工量55081.5万吨的比重为0.6%。详见下图： 图2：内蒙古自治区原油加工量分 ...