Group 1 - The brand value of Sinopec has surpassed 400 billion yuan, recognized as one of the first excellent results in the central enterprise brand leading action [1] - Sinopec's brand success is attributed to continuous efforts in brand building and communication, as well as strong quality and service capabilities [1] - Quality is emphasized as the fundamental strength of the brand, with a commitment to "quality always leading" and comprehensive quality management throughout the entire industry chain and lifecycle [1] Group 2 - Sinopec has developed a range of products and services that enhance emotional connections with customers, including Easy Joy, Easy PAIKE, Great Wall lubricants, and various public welfare brands [2] - The company aims to meet the growing consumer demand and enhance brand influence and competitiveness, seizing opportunities in the vast market potential [2] - The long-term vision for brand development is highlighted, emphasizing the importance of building a reliable and trustworthy brand over time [2]

按照成品油调价时间表来看，6月3日24时，国内成品油零售限价将迎来新一轮调整时间点。 据机构跟踪的国际原油价格变动状况预测最新数据显示，本轮成品油零售限价上调幅度超过50元/吨的 价格调整红线，预计本轮成品油零售限价将上调。 成品油零售限价或迎上调 卓创资讯成品油分析师郑明亚表示，国内成品油本轮计价周期初期，原油变化率是正值高位开局，后期 在国际贸易局势演变、地缘局势以及"欧佩克+"7月计划石油增产等因素的共同影响下，国际原油期货价 格呈现震荡下跌走势，原油变化率正值收窄，但对应的成品油零售限价仍符合50元/吨的上调条件。 卓创资讯监测模型测算显示，截至6月2日收盘，即国内成品油本轮计价周期的第10个工作日，参考原油 变化率为1.53%，对应的汽、柴油零售限价每吨预计分别上调65元、60元，折合成升价后，92号汽油、 95号汽油、0号柴油预计均上调0.05元，为今年以来第四次上调。 从批发市场来看，近期，国内成品油批发市场呈现"汽跌柴涨"局面。隆众资讯数据监测，国内成品 油本轮计价周期以来，92号汽油价格为7692元/吨，环比下跌0.53%；0号柴油价格为6683元/吨，环 比上涨1.64%。 来源：中国证券 ...

摘要：【图】2025年3月云南省石油焦产量数据 2025年3月石油焦产量统计： 石油焦产量：2.5 万吨 同比增长：-4.6% 增速较上一年同期变化：高0.7个百分点 据统计，2025年3月云南省规模以上工业企业石油焦产量与上年同期相比下降了4.6%，达2.5万吨，增速 较上一年同期高0.7个百分点，增速较同期全国低1.7个百分点，约占同期全国规模以上企业石油焦产量 274.1万吨的比重为0.9%。 详见下图： 2025年1-3月石油焦产量统计： 石油焦产量：7.5 万吨 同比增长：2.1% 增速较上一年同期变化：低1.6个百分点 据统计，2025年1－3月，云南省规模以上工业企业石油焦产量与上年同期相比增长了2.1%，达7.5万 吨，增速较上一年同期低1.6个百分点，增速放缓，增速较同期全国高6.7个百分点，约占同期全国规模 以上企业石油焦产量806.3万吨的比重为0.9%。详见下图： 图2：云南省石油焦产量分月（累计值）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。 图1：云南省石油焦产量分月（当月值）统计图 石油化工行业最新动态 石油现状 ...

摘要：【图】2025年1-3月浙江省石脑油产量数据分析 2025年1-3月石脑油产量分析： 据国家统计局数据，在2025年的前3个月，浙江省规模以上工业企业石脑油产量累计达到了135.3万吨， 与2024年同期的数据相比，增长了13.7%，增速较2024年同期高46.6个百分点，增速较同期全国高14.4 个百分点，约占同期全国规模以上企业石脑油产量1988.5万吨的比重为6.8%。 图表：浙江省石脑油产量分月（累计值）统计 2025年3月石脑油产量分析： 图表：浙江省石脑油产量分月（当月值）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 | 石油化工行业最新动态 | 石油市场调研及发展趋势 | 化工行业监测及发展趋势 | | --- | --- | --- | | 日化未来发展趋势预测 | 润滑油现状及发展前景 | 汽油发展前景趋势分析 | | 柴油的现状和发展趋势 | 橡胶行业现状与发展趋势 | 塑料市场现状及前景分析 | | 化妆品市场调研与发展前景清洁护肤发展现状及前景预测 | | | 单独看2025年3月份，浙江省 ...

| | | | | 燃料油早报 | | 研究中心能化团队 2025/06/03 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 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 | | 2025/05/26 | 401.31 | 447.03 | -0.94 | 585.92 | -138.89 | 16.20 | 45.72 | | 2025/05/27 | 398.15 | 442.03 | -0.39 | 581.80 | -139.77 | 16.18 | 43.88 | | 2025/05/28 | 410.97 | 449.14 | 0.26 | 592.74 | -143.60 | 16.78 | 38.17 | | ...

| LPG早报 | 研究中心能化团队 2025/06/03 | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | L P G | 华东液化 | 丙烷CFR华 | 丙烷CIF日 | MB丙烷 | CP预测合 | 纸面进口 | | | | | | | | | | | | | | | | | | | 日期 | 华南液化气 | 山东液化气 | 山东醚后碳四 山东烷基化油 | 主力基差 | 气 | 南 | 本 | 现货 | 同价 | 利润 | 2025/05/2 | 4820 | 4495 | 4490 | 603 | 546 | - | 593 | 4740 | 7750 | -151 | 533 | | | 6 | 2025/05/2 | 4820 | 4526 | 4490 | 607 ...

Group 1 - The core viewpoint indicates that the crude oil production in Guangxi Zhuang Autonomous Region has significantly decreased in March 2025, with a production of 28,000 tons, representing a year-on-year decline of 22.9% [1] - The production decline in March 2025 is 25.6 percentage points higher than the same period last year, but it is still 26.4 percentage points lower than the national average [1] - The total crude oil production for the first three months of 2025 is reported at 84,000 tons, showing a year-on-year decrease of 24.6% [2] Group 2 - The cumulative production for the first quarter of 2025 accounts for 0.2% of the national crude oil production, which is 5,408,800 tons [2] - The production figures indicate that Guangxi's crude oil output is relatively small compared to the national scale, with March's output being only 0.1% of the national total of 19,025,000 tons [1] - The statistics are based on large-scale industrial enterprises with annual main business income of 20 million yuan or more [3]

2025 年 6 月 2 日 行业研究 OPEC+将于 7 月增产，"三桶油"增储上产坚定保障能源安全 ——石油化工行业周报第 405 期（20250526—20250601） 要点 OPEC+宣布 7 月增产 41.1 万桶/日，关注增产执行进度。本周 OPEC+作出连 续第三个月大幅增产决策，引发市场对原油供给端担忧，油价下跌。OPEC+ 同意连续第三个月将石油产量提高 41.1 万桶/日，规模持平前两次增产。 OPEC+曾经于 4 月、5 月宣布 5 月、6 月增产 41.1 万桶/日，为 3 月原定增产 计划额的三倍。本轮 OPEC+增产的直接原因是主要成员国的不遵守协议行为， 特别是伊拉克和哈萨克斯坦，此外，由于当前油价已低于美国页岩油的边际成 本，OPEC+的连续增产计划将起到打击美国页岩油产量的作用，从而提升自 身在全球原油市场的份额。超产成员国的产量约束和美国页岩油的产量缩减将 影响 OPEC+后续决策，IEA 预计 OPEC+今年的产量将增加 31 万桶/日，2026 年将增加 15 万桶/日，建议密切关注 OPEC+增产执行进度。 美国页岩油产量增速有望放缓，抵御部分供给增长冲击。近期油价 ...

Investment Rating - The report maintains an "Overweight" rating for the oil and petrochemical industry [6] Core Viewpoints - OPEC+ has announced an increase in production by 411,000 barrels per day starting in July, which raises concerns about oil supply and has led to a decline in oil prices [1][10][11] - The increase in production is a response to non-compliance by major member countries, particularly Iraq and Kazakhstan, and aims to counteract the marginal cost of U.S. shale oil production [1][12] - The geopolitical landscape remains uncertain, impacting China's energy security, prompting the "Three Oil Companies" to increase their oil and gas production to ensure national energy security [3][21][23] - The report suggests that the long-term supply-demand dynamics for crude oil remain favorable, supporting a positive outlook for the "Three Oil Companies" and oil service sectors [4] Summary by Sections OPEC+ Production Increase - OPEC+ has agreed to a third consecutive month of significant production increases, maintaining the same scale as previous months [1][11] - The IEA projects that OPEC+ production will increase by 310,000 barrels per day this year and by 150,000 barrels per day in 2026 [1][11] U.S. Shale Oil Production - The recent decline in oil prices has significantly impacted the growth prospects for U.S. shale oil production, with companies indicating a need for $65 per barrel to be profitable [2][16] - The IEA forecasts that U.S. crude oil supply will increase by 440,000 barrels per day in 2025 and by 180,000 barrels per day in 2026, but the growth rate is expected to slow [2][16] "Three Oil Companies" Response - The "Three Oil Companies" (China National Petroleum Corporation, Sinopec, and CNOOC) are responding to national calls for increased production, with planned growth rates of 1.6%, 1.3%, and 5.9% respectively for 2025 [3][23] - Significant capital expenditures are planned to support exploration and production, with total upstream capital expenditures projected at 210 billion, 76.7 billion, and 130 billion yuan for the respective companies [21][23] Investment Recommendations - The report recommends focusing on the "Three Oil Companies" and their associated oil service engineering firms, as well as leading companies in the refining and chemical sectors [4]

Core Viewpoint - The article emphasizes the importance of high-quality planning for Shanghai's "14th Five-Year Plan" in the context of the upcoming implementation of the "Shanghai Development Planning Regulations" [1][8] Group 1: Historical Context and Strategic Importance - Since the founding of New China, Shanghai has developed and implemented 14 five-year plans, divided into two phases: pre-reform (from the "1st" to the "5th" plan) and post-reform (from the "6th" to the "14th" plan) [2] - Shanghai's five-year plans have consistently aligned with national strategies, ensuring that the city's future development is integrated with central government directives and broader national goals [2][3] Group 2: Implementation and Achievements - Major industrial projects have been pivotal in Shanghai's five-year plans, contributing significantly to national goals in industrial output, foreign trade, and tax revenue, achieving ten national firsts [3][4] - Hosting significant events, such as the 2010 World Expo, has greatly enhanced Shanghai's urban development and international influence, showcasing the city's ability to leverage major activities for growth [5] Group 3: Innovation and Future Planning - The article highlights the necessity for Shanghai's future plans to incorporate innovative reforms and adapt to changing global conditions, with benchmarks set against leading global cities [7] - Shanghai's planning process has historically introduced new concepts and goals, positioning the city as a leader in national reform and innovation, particularly in the context of global economic shifts [7]