摘要：【图】2025年1-6月广东省柴油产量统计分析 2025年6月柴油产量统计： 柴油产量：167.6 万吨 同比增长：8.9% 增速较上一年同期变化：高28.5个百分点 据统计，2025年6月广东省规模以上工业企业柴油产量与上年同期相比增长了8.9%，达167.6万吨，增速 较上一年同期高28.5个百分点，增速较同期全国高8.1个百分点，约占同期全国规模以上企业柴油产量 1633.5万吨的比重为10.3%。 详见下图： 柴油产量：914.7 万吨 同比增长：-6.8% 增速较上一年同期变化：低2.0个百分点 据统计，2025年1－6月，广东省规模以上工业企业柴油产量与上年同期相比下降了6.8%，达914.7万 吨，增速较上一年同期低2.0个百分点，增速较同期全国低1.2个百分点，约占同期全国规模以上企业柴 油产量9576万吨的比重为9.6%。详见下图： 图2：广东省柴油产量分月（累计值）统计图 图1：广东省柴油产量分月（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。 产业调研网为您提供更多 石油化工行业最新动态 石油市场调研与发展前 ...

Group 1 - The company announced a share buyback plan, spending HKD 29.82 million to repurchase 6.74 million shares at a price range of HKD 4.4 to 4.45 per share [1] - On the same day, the company also repurchased 2.3 million A-shares for a total cost of RMB 13.13 million, with a buyback price between RMB 5.69 and 5.73 per share [1]

Core Viewpoint - China Petroleum & Chemical Corporation (Sinopec) announced a share buyback plan involving an expenditure of HKD 29.82 million to repurchase 6.74 million shares at a price range of HKD 4.40 to 4.45 per share [1] - Additionally, the company plans to spend RMB 13.13 million to buy back 2.3 million A-shares at a price range of RMB 5.69 to 5.73 per share [1] Summary by Category - **Share Buyback Details** - The company will repurchase 6.74 million shares for HKD 29.82 million at a price of HKD 4.40-4.45 per share [1] - The company will also repurchase 2.3 million A-shares for RMB 13.13 million at a price of RMB 5.69-5.73 per share [1]

在河南炼化公司，专题宣传片与沙盘直观展示了中国石化及河南炼化的发展布局与规模，智能化生产系 统的高效运行让大家赞叹不已，乙烯项目则让公众对河南炼化高质量发展蓝图充满期待。 在洛阳工程公司，"时代楷模"陈俊武院士赤诚报国的家国情怀、敢为人先的创新精神与无私奉献的道德 风范传承着石化精神的力量。在洛阳石油公司第53加油站，便捷的服务设施与贴心的服务举措让公众切 实感受到中国石化扎根河南、服务民生的务实担当。 据介绍，此次开放日活动通过多元互动形式让公众近距离触摸石化企业的发展脉搏，不仅展现了中国石 化驻豫企业的创新实力与绿色担当，更搭建了企业与公众沟通的坚实桥梁，为企业在河南持续健康发展 营造了良好氛围。（刘贺娟 王东亮） 来源：环球网 11月12日，"中国石化在河南"公众开放日活动顺利举办。活动通过走进中国石化河南炼化公司、洛阳工 程公司及河南石油第53加油站，全方位体现了石化企业的创新发展与社会责任。 ...

Core Viewpoint - The company, Haixia Petrochemical (00852), announced a mid-term dividend of HKD 0.08 per share to be distributed on June 30, 2026 [1] Summary by Category - **Dividend Announcement** - The company will distribute a mid-term dividend of HKD 0.08 per share [1]

Report Summary 1. Report Industry Investment Rating - No information provided 2. Core View of the Report - In the North China market, weak demand and reduced cost support have led to a rise in market wait - and - see sentiment. Traders are cutting prices to stimulate downstream purchases. In the South China market, low - priced social inventory sources have emerged, and major refineries and PetroChina have successively cut prices, lowering the trading center. In the East China market, social inventory is decreasing, and asphalt prices are stable. Looking ahead, asphalt prices in the northern market are likely to be weak due to lower - than - expected demand and strong wait - and - see sentiment, while prices in the southern market may remain stable after major refineries' price adjustments have improved downstream purchasing enthusiasm [5] 3. Summary by Relevant Catalog Spot Market - In the spot market, prices in the East China, North China, Northeast, and Northwest regions remained unchanged at 3260, 3020, 3500, and 3940 respectively. The price in the South China region dropped from 3230 to 3170, a decrease of 60, and the price in the Shandong region dropped from 3020 to 3010, a decrease of 10 [1] Futures Market - In the futures market, the price of BU2511 rose from 2980 to 3020, an increase of 1.34%. The prices of BU2512, BU2601, and BU2602 decreased from 3063, 3063, and 3082 to 3028, 3029, and 3045 respectively, with decreases of 1.14%, 1.11%, and 1.20% [1]

Core Viewpoint - The stock of Heshun Petroleum reached a closing price of 28.03 yuan on November 14, with a significant increase of 10.01% due to various positive factors including advancements in its new energy strategy and improved corporate governance [1][2]. Company Developments - Heshun Petroleum is accelerating its new energy strategy by fully equipping existing and planned charging stations with Huawei's liquid-cooled ultra-fast charging equipment, aiming to operate six ultra-fast charging stations by the end of 2024, aligning with the trends in the electric vehicle industry [1]. - The company has optimized its governance structure by abolishing the supervisory board and revising 21 internal regulations to establish a modern management system, resulting in a significant decrease in management and financial expenses, and a year-on-year increase of 237.32% in net cash flow from operating activities [1]. - The introduction of AI models to optimize procurement and inventory decisions has enhanced the company's core competitiveness through digital transformation [1]. Industry Context - The oil and petrochemical sector is experiencing increased activity due to rising heating demand from the cold winter and an uptick in liquefied natural gas prices, benefiting companies within this industry [1]. - On the same day, the petrochemical concept sector saw a slight increase of 0.61% [4]. Market Activity - On November 14, the net inflow of main funds into Heshun Petroleum was 27.52 million yuan, accounting for 44.36% of the total transaction volume, while retail investors showed a net outflow of 15.94 million yuan, representing 25.7% of the total [1][2].

1. Report Information - Report Name: Asphalt Daily Report [1] - Date: November 14, 2025 [2] 2. Market Review and Operation Suggestions Market Review - Futures Market: BU2601 opened at 3052 yuan/ton, closed at 3029 yuan/ton, with a high of 3058 yuan/ton, a low of 2999 yuan/ton, a decline of 1.05%, and a trading volume of 26.99 million lots. BU2512 opened at 3053 yuan/ton, closed at 3028 yuan/ton, with a high of 3063 yuan/ton, a low of 3003 yuan/ton, a decline of 1.21%, and a trading volume of 0.64 million lots [6]. - Spot Market: The asphalt spot prices in North China, South China, and Sichuan-Chongqing regions continued to decline, while those in other regions remained relatively stable. The decline in crude oil and asphalt futures prices had a negative impact on the sentiment of the asphalt spot market [6]. Supply and Demand Analysis - Supply: Qilu Petrochemical plans to switch to producing residual oil, while Jincheng Petrochemical is expected to resume asphalt production. Jinling Petrochemical in East China and Shengxing Petrochemical in Shandong are likely to maintain stable production after resuming operations. Shanghai Petrochemical also plans to switch to asphalt production around November 9. The asphalt plant operating rate is expected to increase slightly [7]. - Demand: The demand pattern shows regional differentiation. In the Northeast and Northwest regions, the rigid demand has dropped to the lowest point of the year due to the suspension of road projects. In North China, Shandong, and surrounding areas, the rigid demand remains stable due to the construction rush before the heating season. In the South, some projects are entering the construction rush stage, and the demand is expected to be stable. Overall, downstream procurement is mainly based on demand, and the speculative demand remains weak, putting pressure on the market [7]. Market Outlook - The oil price lacks support, and the supply and demand of asphalt are both weak. After this round of decline, the basis has significantly narrowed. It is expected that the market will mainly fluctuate in the short term [7]. 3. Industry News - Shandong Market: The mainstream transaction price of 70 A-grade asphalt is 2980 - 3620 yuan/ton, remaining stable compared to the previous working day. Although the international oil price declined again, the asphalt futures showed strong performance during the session. Due to the queuing for loading at some refineries, the quotes of most traders remained stable, and only a few refineries raised their prices [8]. - East China Market: The mainstream transaction price of 70 A-grade asphalt is 3300 - 3400 yuan/ton, remaining stable compared to the previous working day. The asphalt futures weakened again during the session after two days of increase. The price of social inventories in Jiangsu is around 3200 yuan/ton, and the price increase is restricted by demand and regional price differences. Some refineries are under great inventory pressure, and the price difference between refineries and social inventories is large, so the prices are also under pressure. The ex-factory price for road transportation remains at 3300 - 3400 yuan/ton [8]. 4. Data Overview - The report provides data on asphalt daily operating rate, Shandong asphalt comprehensive profit, asphalt cracking, asphalt social inventory, asphalt manufacturer inventory, and asphalt warehouse receipts, with data sources from Wind and the Research and Development Department of Jianxin Futures [11][13][15]

Group 1: General Information - The report is a PTA daily report dated November 14, 2025 [1][2] - The energy and chemical research team includes researchers for different products such as PTA, MEG, urea, etc [4] Group 2: Market Review and Operation Suggestions - On the 13th, the closing price of PTA's main futures contract TA2601 was 4,700 yuan/ton, up 30 yuan/ton (0.64%), with a settlement price of 4,644 yuan/ton and a daily reduction of 5,542 lots. The TA2605 contract closed at 4,754 yuan/ton, up 26 yuan/ton, with a trading volume of 99,774 lots, an increase of 4,801 lots [6] - With weak crude oil prices being bearish and India's BIS cancellation being bullish for the PTA market, the PTA market is expected to consolidate [6] Group 3: Industry News - OPEC reported that oil supply will meet demand in 2026. International oil prices ended a three - day rise and closed lower technically. On November 12, the settlement price of WTI crude oil December 2025 futures was $58.49/barrel, down $2.55/barrel (4.18%); Brent crude oil January 2026 futures settled at $62.71/barrel, down $2.45/barrel (3.76%) [7] - The assessed price of PX in the Chinese market was $824 - 826/ton, down $1/ton; in the South Korean market, it was $804 - 806/ton, down $1/ton. There was one transaction of any December shipment at $823/ton [7] - The PTA price in the East China market was 4,568 yuan/ton, down 23 yuan/ton. The average daily negotiation basis was at a discount of 77 yuan/ton to the futures 2601 contract, up 2 yuan/ton [7] Group 4: Data Overview - The report provides various data charts including PTA futures prices, international crude oil futures prices, upstream raw material spot prices, PX prices, MEG prices, PTA processing margins, etc [11][13][17]

Report Industry Investment Rating - Unilateral: Cautiously bearish, mainly on short - term wait - and - see [2] - Inter - period: None [2] - Inter - variety: None [2] - Futures - spot: None [2] - Options: None [2] Core View - The sharp decline in the crude oil end weakened the cost - side support, driving the asphalt futures market lower. The terminal demand for asphalt remained weak, the downstream procurement was cautious, and the market trading atmosphere was average. After the sharp drop in oil prices, the profits of refineries with quotas were boosted, which would continue to suppress asphalt prices, and there was no signal of a reversal in the market weakness [1] Market Analysis - On November 13, the closing price of the main BU2601 contract of asphalt futures in the afternoon session was 3029 yuan/ton, a decrease of 32 yuan/ton or 1.05% from the previous settlement price. The open interest was 193,772 lots, a decrease of 4,500 lots from the previous day, and the trading volume was 269,855 lots, an increase of 86,160 lots from the previous day [1] - The spot settlement prices of heavy - traffic asphalt from Zhuochuang Information were: 3,156 - 3,700 yuan/ton in Northeast China, 2,980 - 3,620 yuan/ton in Shandong, 3,150 - 3,210 yuan/ton in South China, and 3,300 - 3,400 yuan/ton in East China [1] - The spot prices of asphalt in North China, South China, and Sichuan - Chongqing regions continued to decline, while those in other regions were relatively stable [1] Figures - The figures cover various aspects of asphalt, including spot prices in different regions (Shandong, East China, South China, North China, Southwest, and Northwest), futures prices (index, main contract, near - month contract), trading volume and open interest of futures, domestic and regional asphalt production, domestic asphalt consumption in different fields (road, waterproof, coking, ship - fuel), and asphalt refinery and social inventories [3]