位于重庆市九龙坡区龙门阵大道的中国石化半山环道综合加能站是国内首座应用储氢井技术的加氢站。 日供氢能力达1000公斤，于2021年投用。 11月26日，该站对外发布消息称，该站实现安全平稳运行 1500余天，累计供应氢气突破400吨，标志着我国在高压地下储氢技术与商业化运营方面取得重要突 破。 ...

对此，嘉兴市应急管理局根据《中华人民共和国安全生产法》第九十八条第二项和《浙江省应急管理行政处罚裁量基准适用细则》第三十一条 第一档的规定，对当事人浙江美福石化作出如下行政处罚决定：处以罚款人民币壹拾万元整（ 100,000.00）。 | 家正平信用信息 | | 1992/2010/08/2014 11/2014/02/2019/09/1 | | | --- | --- | --- | --- | | National Enterprise Credit Information Publicity Syster | 讀输入企业名称、统一社会信用代码或注册号 | | | | 浙江美福石油化工有限责任公司 ** | 特种设备获证企业 | | 发送报告 | | 统一社会信用代码: 91330400747004544M | | | | | 注册号： | | | 信息分享 | | 法定代表人: 刘丰敏 | | | | | 爱记机关: 惠来市市场监督管理 :并且在 | | | 信息打印 | | 成立日期: 2003年03月20日 | | | | | 基础信息 行政许可信息 行政处罚信息 列入经营异常名录信息 列入严重违法 ...

Market Review - The main contract for asphalt futures (2601) experienced a fluctuating increase, with a rise of 1.19% and a closing price of 3068 CNY/ton [1] Fundamental Summary - As of November 25, the Shanghai Futures Exchange reported a decrease of 22,320 tons in the futures warehouse receipts for petroleum asphalt, totaling 2,200 tons; the warehouse receipts remained stable at 4,690 tons [2] - The average price of asphalt in the domestic market on November 25 was 3,336 CNY/ton, reflecting a slight decrease of 1 CNY/ton, or 0.03% [3] - The comprehensive profit for asphalt as of November 25 was -470 CNY/ton, which represents a decline of 50.86 CNY/ton compared to the previous period [4] Institutional Perspectives - According to Everbright Futures, the current spot market continues to exert pressure on the futures market, with refineries releasing a significant amount of low-priced contracts. The social inventory is approximately 15% higher than the same period last year, coupled with a weakening downstream demand. The expected production reduction in December for local refineries is relatively low, indicating a continued loose supply-demand balance. The recent stability of asphalt prices around 3,000 CNY/ton shows limited decline compared to other oil products, suggesting a short-term outlook of low-level fluctuations [5] - Guotou Anxin Futures noted that the weekly shipment volume since November has been at a near four-year low. The latest commercial inventory reduction is slowing down, and social inventory has shown an expanding trend after a year-on-year high point at the end of October. The recent stability in Shandong's spot market has provided some support to the futures market. However, future demand is expected to follow seasonal weakening patterns, indicating medium to long-term bearish pressure on the fundamentals of asphalt [5]

Group 1 - In the first nine months of 2025, the crude oil processing volume in Guangdong Province reached 65.273 million tons, representing a 0.8% increase compared to the same period in 2024, but the growth rate is 7.0 percentage points lower than in 2024 and 2.9 percentage points lower than the national average [1] - The crude oil processing volume in Guangdong for September 2025 was 7.257 million tons, which is a decrease of 1.7% compared to September 2024, with the growth rate being 2.5 percentage points lower than in 2024 and 8.5 percentage points lower than the national average [2] - Guangdong's crude oil processing volume accounted for approximately 11.9% of the national total of 55.0815 million tons in the first nine months of 2025 and 11.6% of the national total of 6.2687 million tons in September 2025 [1][2] Group 2 - The data reflects a slowdown in crude oil processing growth in Guangdong, indicating potential challenges in the local oil industry compared to national trends [1][2] - The statistics are based on large-scale industrial enterprises, defined as those with annual main business revenues of 20 million yuan or more [6]

上市企业：国创高新（002377）,宝利国际（300135）,森远股份（300210）,路畅科技（002813）,龙洲股 份（002682）,国联水产（300094）,宁波富邦（600768）,滨化股份（601678）,岳阳兴长（000819）,恒 逸石化（000703） 相关报告：智研咨询发布的《2025-2031年中国石油沥青产品行业市场运行态势及未来发展潜力报告》 根据国家统计局数据显示：2025年9月中国石油沥青产量为361万吨，同比增长26.1%；2025年1-9月中国 石油沥青累计产量为2787.6万吨，累计增长11.4%。 2020-2025年1-9月中国石油沥青产量统计图 数据来源：国家统计局，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 ...

石油沥青日报 | 2025-11-26 原油端延续弱势，局部现货下跌 市场分析 1、11月25日沥青期货下午盘收盘行情：主力BU2601合约下午收盘价3068元/吨，较昨日结算价上涨36元/吨，涨幅 1.19%；持仓153792手，环比下跌7249手，成交160056手，环比减少66769手。 2、卓创资讯重交沥青现货结算价：东北，3156—3500元/吨；山东，2990—3470元/吨；华南，3050—3210元/吨； 华东，3200—3400元/吨。 近期原油价格走势偏弱，沥青成本端支撑不足，但在自身绝对价格跌至低位后，市场底部信号已开始出现。现货 方面，昨日西北、山东、华南以及川渝地区沥青现货价格出现下跌，华北地区沥青现货价格小幅反弹，其余地区 沥青现货价格大体企稳。部分主营炼厂下调沥青结算价格，带动区域沥青现货价格下跌。从基本面来看，当前供 需两弱格局延续，虽然终端需求逐步步入淡季，但在炼厂开工率和产量出现明显下滑态势，多家炼厂转产渣油， 沥青装置开工率降至绝对低位，北方出现提货紧张的状况。不过目前冬储需求还没有明确释放的迹象，市场情绪 相对平淡，反弹动力仍不足。整体来看，沥青市场下行压力已有所缓解， ...

Group 1 - In the first nine months of 2025, the sulfuric acid production in Jiangsu Province reached 177.8 thousand tons, a decrease of 10.8% compared to the same period in 2024, with a growth rate 11.2 percentage points lower than 2024 and 16.2 percentage points lower than the national average [1] - The total sulfuric acid production of large-scale industrial enterprises in Jiangsu accounted for 2.1% of the national total of 8329.56708 thousand tons during the same period [1] Group 2 - In September 2025, Jiangsu's sulfuric acid production was 20.6 thousand tons, showing a growth of 0.2% compared to September 2024, with a growth rate 5.5 percentage points higher than the previous year [3] - The September production accounted for 2.2% of the national total of 923.86758 thousand tons for large-scale industrial enterprises [3]

Report Industry Investment Ratings - **Crude Oil**: Cautiously bearish [1] - **LPG**: Cautiously bearish [1] - **L**: Bearish continuation [1] - **PP**: Bearish continuation [1] - **PVC**: Bearish consolidation [1] - **PX/PTA**: Cautiously bullish [3] - **MEG (Ethylene Glycol)**: Cautiously bearish [3] - **Methanol**: Sideways at the bottom, consider long positions on dips for 05 contract [3] - **Urea**: Cautiously bearish [3] - **Natural Gas**: Cautiously bearish [5] - **Asphalt**: Cautiously bearish [5] - **Glass**: Bearish rebound [5] - **Soda Ash**: Bearish consolidation [5] Core Views - **Crude Oil**: Geopolitical tensions ease, leading to a weakening oil price. Supply exceeds demand in the off - season, and there is pressure on the upside. Consider partial profit - taking on short positions [1][8] - **LPG**: The decline in the cost - end oil price weakens the LPG trend. Supply and demand are unfavorable, and inventory is accumulating. Consider light - position short - selling [1] - **L**: Cost support weakens, and the bearish trend continues. Supply is sufficient, demand is weak, and cost support is insufficient in the medium term. Reduce short positions at low prices and wait for rebounds to go short [1] - **PP**: Cost support weakens, and the bearish trend continues. Inventory is high, demand is weak, and oil prices may continue to fall in the medium term. Reduce short positions at low prices and wait for rebounds to go short [1] - **PVC**: The basis strengthens, and the price is in a bearish consolidation. Social inventory is high, and there is limited upward drive, but low - valuation support restricts further decline. Industries can hedge at high prices [1] - **PX/PTA**: Supply - side pressure eases due to maintenance, and demand is relatively good, but the cost side is under pressure. Consider long positions on dips [3] - **MEG**: Domestic device maintenance increases, and new device production may increase supply pressure. Demand is relatively good, but there is no upward drive. Consider short positions on rebounds [3] - **Methanol**: The market is in a sideways bottom - grinding phase. Supply pressure is large, but demand improves marginally. Cost support is weak. Consider taking profit on short positions and long positions on dips for the 05 contract [3] - **Urea**: Supply pressure remains, and demand is mixed. The export factor has been priced in. Consider short positions on rebounds [3] - **Natural Gas**: Geopolitical tensions ease, putting pressure on gas prices, but the demand side has support in the consumption season [5] - **Asphalt**: The cost - end oil price is weak, and the supply - demand balance is loose. Consider partial profit - taking on short positions [5] - **Glass**: Cold - repair expectations provide support, but supply reduction is difficult, and demand is weak. Consider taking profit on short positions in the short term and going short on rebounds in the long term [5] - **Soda Ash**: Supply and demand both decline, and the long - term supply is in a loose pattern. Consider short positions on rebounds and short the 01 alkali - glass spread [5] Summaries by Related Catalogs Crude Oil - **Market Review**: Overnight international oil prices declined, with WTI down 1.51%, Brent down 1.47%, and SC up 0.40% [7] - **Basic Logic**: Downstream refined - oil profits are good, but supply exceeds demand, and inventory is accumulating. Geopolitical tensions ease, leading to a price drop [8] - **Fundamentals**: In December, Iraq's exports will decline by 12%. OPEC forecasts demand growth in 2025 and 2026. US commercial crude inventory decreased by 342 million barrels in the week ending November 14 [9] - **Strategy Recommendation**: In the long - term, OPEC+ expansion may suppress prices. Consider partial profit - taking on short positions. Pay attention to the range of SC [440 - 450] [10] LPG - **Market Review**: On November 25, the PG main contract closed at 4231 yuan/ton, up 0.24% [12] - **Basic Logic**: The price is anchored to the cost - end oil price, which is trending downward. Supply and demand are unfavorable, and inventory is accumulating. The basis is high, and the price is over - estimated [13] - **Strategy Recommendation**: In the long - term, the supply of upstream crude oil exceeds demand, and there is room for price compression. Consider partial profit - taking on short positions. Pay attention to the range of PG [4200 - 4300] [14] L - **Market Review**: The L01 main contract closed at 6762 yuan/ton, down 0.5% [16] - **Basic Logic**: The chemical sector rebounds, but supply is under pressure, and demand is weak. Cost support is insufficient in the medium term [18] - **Strategy Recommendation**: Reduce short positions in the short term and wait for rebounds to go short in the long term. Pay attention to the range of L [6750 - 6850] [18] PP - **Market Review**: The PP01 main contract closed at 6317 yuan/ton, down 0.9% [20] - **Basic Logic**: The fundamental situation is weak due to the decline in coking coal prices. Inventory is high, and demand is weak. Oil prices may continue to fall in the medium term [22] - **Strategy Recommendation**: Reduce short positions at low prices and wait for rebounds to go short in the long term. Pay attention to the range of PP [6350 - 6500] [22] PVC - **Market Review**: The V01 main contract closed at 4491 yuan/ton, down 0.1% [23] - **Basic Logic**: The basis is repaired, and the short - term market returns to a weak fundamental situation. Social inventory is high, and there is limited upward drive, but low - valuation support restricts further decline [25] - **Strategy Recommendation**: Industries can hedge at high prices. Be cautious about short - selling and wait for positive drivers. Pay attention to the range of V [4400 - 4550] [25] PTA - **Market Review**: The TA05 contract closed at 4710 yuan/ton, down 34 yuan/ton [26] - **Basic Logic**: Supply - side pressure eases due to maintenance, and demand is relatively good, but the cost side is under pressure. There is a risk of inventory accumulation in December [27] - **Strategy Recommendation**: Consider long positions on dips. Pay attention to the range of TA [4610 - 4675] [28] MEG - **Market Review**: The EG01 contract closed at 3901 yuan/ton, down 25 yuan/ton [29] - **Basic Logic**: Domestic device maintenance increases, and new device production may increase supply pressure. Demand is relatively good, but there is no upward drive. There is an inventory accumulation expectation in November [30] - **Strategy Recommendation**: Consider short positions on rebounds. Pay attention to the range of EG [3810 - 3885] [31] Methanol - **Market Review**: The main contract's position decreased slightly to 131.3 million lots, still at a high level in the past five years [34] - **Basic Logic**: The spot price stabilizes, and the basis strengthens slightly. Supply pressure is large, but demand improves marginally. Cost support is weak. The market is in a sideways bottom - grinding phase [34] - **Strategy Recommendation**: Take profit on short positions at low valuations. Consider long positions on dips for the 05 contract [34] Urea - **Market Review**: The UR01 contract closed at 1654 yuan/ton, down 11 yuan/ton [37] - **Basic Logic**: Supply pressure remains, and demand is mixed. The export factor has been priced in. Inventory is high, and there is a risk of price decline [38] - **Strategy Recommendation**: Consider short positions on rebounds. Pay attention to the range of UR [1615 - 1645] [40] Natural Gas - **Market Review**: On November 24, the NG main contract closed at 4.672 dollars/million British thermal units, down 1.50% [43] - **Basic Logic**: Geopolitical tensions ease, putting pressure on gas prices, but the demand side has support in the consumption season [44] - **Strategy Recommendation**: Pay attention to the range of NG [4.344 - 4.603]. The demand side has support, but the supply side is sufficient, and gas prices are under pressure [45] Asphalt - **Market Review**: On November 25, the BU main contract closed at 3068 yuan/ton, up 0.26% [47] - **Basic Logic**: The price is mainly anchored to the cost - end oil price, which is weak. Supply is sufficient, and demand is in the off - season. There is room for price compression [47] - **Strategy Recommendation**: Continue to hold short positions. Pay attention to the range of BU [3000 - 3100] [48] Glass - **Market Review**: The FG01 main contract closed at 1014 yuan/ton, up 0.1% [50] - **Basic Logic**: Cold - repair expectations provide support, but supply reduction is difficult, and demand is weak [52] - **Strategy Recommendation**: Take profit on short positions in the short term and go short on rebounds in the long term. Pay attention to the range of FG [990 - 1040] [52] Soda Ash - **Market Review**: The SA01 main contract closed at 1173 yuan/ton, down 0.8% [54] - **Basic Logic**: Supply and demand both decline, and the long - term supply is in a loose pattern. Inventory is high [56] - **Strategy Recommendation**: Wait for rebounds to go short in the long term and short the 01 alkali - glass spread. Pay attention to the range of SA [1170 - 1220] [56]

Core Viewpoint - Fushun Petrochemical Company has successfully produced paraffin products that meet the European RAL-GZ041 testing requirements, allowing them to enter the European market with their first batch of products shipped to Italy, establishing a solid foundation for capturing the international high-end paraffin market [1] Group 1: Company Achievements - Fushun Petrochemical is the world's largest paraffin production and export base, with an annual output exceeding 600,000 tons [1] - The product range includes fully refined paraffin from grades 52 to 64, with exports to North America, Central America, and Southeast Asia [1] Group 2: Market Challenges and Solutions - The European market has imposed green barriers that have somewhat restricted the export of domestic products [1] - Since September, Fushun Petrochemical has utilized a major maintenance opportunity to implement technical upgrades for quality improvement of paraffin products [1] - By mid-October, the company successfully produced grade 56 paraffin that meets European standards through adjustments in process conditions and enhanced management [1] Group 3: Market Positioning - The export of paraffin products to Italy has enhanced Fushun Petrochemical's visibility and influence in the high-end paraffin market [1] - This move further consolidates the company's voice in the international market [1]

Core Insights - From January to October, Zhonghan Petrochemical's production and sales of prebaked anode coke exceeded 309,000 tons, completing the annual production task two months ahead of schedule and surpassing the annual target by 109,000 tons [1] Group 1: Production and Sales Performance - The production and sales of prebaked anode coke are crucial for enhancing product added value and promoting green transformation in the industry [1] - The company achieved a significant increase in production efficiency through coordinated efforts across departments, focusing on dynamic monthly planning and optimizing the operation load of coking facilities [1] Group 2: Market Strategy and Customer Engagement - Zhonghan Petrochemical has actively engaged with downstream customer demands, enhancing market communication mechanisms to improve production and sales coordination efficiency [1] - These initiatives have not only contributed to the continuous rise in prebaked anode coke production and sales but also strengthened the company's overall competitiveness in the high-end carbon materials market [1]