Report Industry Investment Rating - Not provided in the given content Core Viewpoints - For PTA, last week some PTA plants reduced production or stopped operations, and the supply - demand pattern was acceptable. However, major suppliers actively sold goods, leading to a weak operation of the PTA spot basis. With a cooling macro - atmosphere, commodity price corrections, insufficient cost - end support, and weak off - season demand from downstream terminals, it is expected that the PTA spot price will fluctuate in the short term. Also, the PTA processing margin was once compressed below 200, and attention should be paid to whether there will be new changes in PTA plants under continuously low processing fees [5]. - For MEG, on Friday, the price center of ethylene glycol declined weakly and market negotiations were stalemated. The in - port delay of ships was obvious this week due to weather factors, and it is expected that the visible inventory will still decline on Monday. Recently, the ethylene glycol operating rate has rebounded to around 69%. After the restart and production of Phase II 1 of Zhejiang Petrochemical and Xinjiang Guanghui, there is still room for an increase in domestic production. Fundamentally, the supply - demand of ethylene glycol will shift to inventory accumulation, and the available spot in the market will gradually become more abundant. It is expected that the price center of ethylene glycol will be adjusted weakly in the short term, and subsequent attention should be paid to cost - end changes [7]. Summary by Directory 1. Previous Day's Review - Not provided in the given content 2. Daily Tips PTA - **Fundamentals**: On Friday, the trading atmosphere improved. There were transactions for mid - and early - August at a discount of 10 - 15 to the 09 contract, with the price negotiation range around 4720 - 4780. For late - August, the mainstream was at a discount of 10 to the 09 contract, and some were slightly lower. There were transactions for mid - September at a premium of 0 - 2 to the 09 contract. The mainstream spot basis today is at a discount of 13 to the 09 contract [6]. - **Basis**: The spot price is 4740, and the basis of the 09 contract is - 4, with the futures price at a premium. It is neutral [6]. - **Inventory**: The PTA factory inventory is 3.82 days, a decrease of 0.17 days compared to the previous period. It is bullish [6]. - **Market Chart**: The 20 - day moving average is downward, and the closing price is below the 20 - day moving average. It is bearish [6]. - **Main Position**: The net position is short, and short positions are increasing. It is bearish [6]. MEG - **Fundamentals**: On Friday, the price center of ethylene glycol declined weakly, and market negotiations were stalemated. The spot basis strengthened to a premium of 71 - 74 yuan/ton to the 09 contract. The intention of traders to follow up was weak. In the US dollar market, the center of the ethylene glycol outer market weakened slightly. Recent shipments were negotiated at around 522 - 525 US dollars/ton, and recent shipments were traded at around 521 - 523 US dollars/ton, with some traders participating in sales. The negotiation ranges for domestic and foreign market transactions were 4465 - 4494 yuan/ton and 521 - 524 US dollars/ton respectively [7]. - **Basis**: The spot price is 4480, and the basis of the 09 contract is 75, with the futures price at a discount. It is neutral [7]. - **Inventory**: The total inventory in East China is 42.74 tons, a decrease of 4.14 tons compared to the previous period. It is bullish [7]. - **Market Chart**: The 20 - day moving average is upward, and the closing price is below the 20 - day moving average. It is bullish [7]. - **Main Position**: The main net position is short, and short positions are increasing. It is bearish [7]. 3. Today's Focus - Not provided in the given content 4. Fundamental Data PTA Supply - Demand Balance Sheet - From 2024 to 2025, the PTA production capacity, production, supply, demand, inventory, and other data showed different trends. For example, in 2025, the production capacity continued to increase, and the production and supply also changed with the load rate. The demand was affected by factors such as polyester production capacity and load rate [10]. Ethylene Glycol Supply - Demand Balance Sheet - From 2024 to 2025, the total operating rate, production, supply, demand, and port inventory of ethylene glycol also showed different trends. The production and supply were affected by the operating rate and new production capacity, while the demand was related to polyester production [11]. Price - **Spot Price**: The spot price of naphtha CFR Japan increased by 1.000 to 567.380 US dollars/ton; the spot price of p - xylene (PX) CFR Taiwan, China decreased by 1.000 to 842 US dollars/ton; the CCFEI price index of domestic PTA decreased by 80.000 to 4740 yuan/ton; the CCFEI price index of domestic ethylene glycol decreased by 5.000 to 4480 yuan/ton [12]. - **Futures Price**: The prices of TA01, TA05, TA09, EG01, EG05, and EG09 all changed to varying degrees. For example, TA01 decreased by 58.000 to 4782 yuan/ton [12]. - **Basis and Margin**: The basis of PTA and MEG contracts and the processing margin of PTA and the profit of MEG also changed. The PTA processing margin decreased by 244.269 to 195.21 yuan/ton [12]. 5. Impact Factor Summary - **Positive Factors**: Some PTA plants are planned for maintenance in August, and the supply - demand is expected to improve [8]. - **Negative Factors**: From the demand side, at the end of the rush - to - export period and in the off - season of domestic demand, the trend of weakening terminal demand is certain [8]. 6. Current Main Logic and Risk Points - The short - term commodity market is greatly affected by the macro - aspect. Attention should be paid to the cost end, and for the market rebound, attention should be paid to the upper resistance level [9].

Core Viewpoint - The successful startup of the electronic-grade sulfuric acid plant by Nanhua Company marks a significant step in its transformation and upgrade, showcasing the company's ability to innovate and adapt its long-standing operations to meet modern industry demands [1][2]. Group 1: Company Achievements - Nanhua Company has successfully launched its electronic-grade sulfuric acid plant, which is a key milestone in its transition towards high-end chemical production [1]. - The new plant utilizes proprietary technology for producing high-purity sulfuric acid, essential for the semiconductor industry, with a production capacity of 20,000 tons per year [2]. - The plant is an upgrade of an existing facility that dates back to 1936, highlighting the company's commitment to revitalizing traditional production methods through innovation [2]. Group 2: Industry Significance - Electronic-grade sulfuric acid is critical for microelectronics, as it effectively removes contaminants from semiconductor wafers, thus impacting the yield and reliability of electronic components [2]. - The company plans to expand its product offerings to include electronic-grade nitric acid, hydrochloric acid, and sodium hydroxide, aiming to establish a comprehensive high-end chemical industry chain [3]. - This expansion is expected to enhance the company's competitive edge in the market for UP-SS grade electronic chemicals, contributing to its high-quality transformation and development [3].

人民财讯8月4日电，华融化学（301256）在互动平台上表示，公司持续巩固电子化学品领域技术优势， 并重点攻坚无水三氯化铝绿色制备项目。无水三氯化铝绿色制备项目，前期小试于2024年底完成，项目 合规审批顺利通过、中试工作有序稳步进行并加速推进项目产业化。公司G5级电子盐酸，已成功实现 对行业部分头部制造商的批量产品供应，鉴于整体市场需及客户验证与导入固有周期，销售增量释放仍 需时间，未来业绩贡献将逐步显现。 ...

Core Viewpoint - The article highlights the recent financial performance and market activity of Jiangsu Panyam Micro透 Technology Co., Ltd., indicating a positive trend in financing and investment activities [1]. Financial Performance - Last week, Jiangsu Panyam Micro透 had a net financing inflow of 14.84 million RMB, ranking 487th in the market [1]. - The total financing amount for the week was 108 million RMB, while the repayment amount was 93.19 million RMB [1]. Market Activity - Over the past 5 days, the main capital inflow into Jiangsu Panyam Micro透 was 26.51 million RMB, with a price increase of 3.04% [1]. - In the last 10 days, the main capital inflow was 36.84 million RMB, with a price increase of 2.65% [1]. Company Overview - Jiangsu Panyam Micro透 Technology Co., Ltd. was established in 1995 and is located in Changzhou, primarily engaged in the manufacturing of chemical raw materials and products [1]. - The company has a registered capital of 91 million RMB and a paid-in capital of 45 million RMB [1]. - The legal representative of the company is Zhang Yun [1]. Investment and Intellectual Property - The company has made investments in 9 enterprises and participated in 38 bidding projects [1]. - In terms of intellectual property, Jiangsu Panyam Micro透 holds 33 trademarks and 355 patents, along with 19 administrative licenses [1].

天眼查商业履历信息显示，广东宇新能源科技股份有限公司，成立于2009年，位于惠州市，是一家以从 事化学原料和化学制品制造业为主的企业。企业注册资本38350.0152万人民币，实缴资本8500万人民 币。公司法定代表人为胡先念。 通过天眼查大数据分析，广东宇新能源科技股份有限公司共对外投资了6家企业，参与招投标项目8次， 知识产权方面有商标信息3条，此外企业还拥有行政许可8个。 金融界消息 截至2025年8月1日收盘，宇新股份（002986）报收于12.99元，上涨8.7%，换手率6.89%， 成交量20.79万手，成交金额2.62亿元。 资金流向方面，今日主力资金净流入4695.26万元，占比成交额17.94%。其中，超大单净流入3016.31万 元、占成交额11.53%，大单净流入1678.95万元、占成交额6.42%，中单净流出流出1230.70万元、占成 交额4.7%，小单净流出3464.56万元、占成交额13.24%。 宇新股份最新一期业绩显示，截至2025一季报，公司营业总收入18.65亿元、同比增长2.63%，归属净利 润3503.12万元，同比减少52.06%，扣非净利润3164.43万元，同 ...

目前，公司30万吨/年环氧丙烷装置已完成全部检修技改工作，并陆续恢复正常生产。停车检修技改期 间，公司对环氧丙烷装置前期运行过程中存在的问题进行维护保养和消缺处理，同时针对影响生产成本 的工艺流程、设备进行技术改造，进一步提升了装置的整体运行效率，有效确保了装置的安全平稳长周 期高效运行。 债券代码:128128 债券简称:齐翔转2 淄博齐翔腾达化工股份有限公司 关于30万吨/年环氧丙烷装置恢复生产的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导性陈述或重大遗 漏。 淄博齐翔腾达化工股份有限公司（以下简称"公司"）于2024年8月10日在《中国证券报》《证券时报》 《证券日报》《上海证券报》和巨潮资讯网（www.cninfo.com.cn）上披露了《关于部分装置检修改造 的公告》（公告编号:2024-066），公司根据环氧丙烷装置的运行效率和运行周期要求，计划从2024年8 月10日起对30万吨/年环氧丙烷装置及配套装置进行技术改造和设备维护保养。 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码:002408 证券简称:齐翔腾达 公告编号:2025-042 特此 ...

天眼查商业履历信息显示，浙江中欣氟材股份有限公司，成立于2000年，位于绍兴市，是一家以从事化 学原料和化学制品制造业为主的企业。企业注册资本32546.8375万人民币，实缴资本32546.8375万人民 币。公司法定代表人为徐建国。 通过天眼查大数据分析，浙江中欣氟材股份有限公司共对外投资了8家企业，参与招投标项目25次，知 识产权方面有商标信息6条，专利信息86条，此外企业还拥有行政许可71个。 来源：金融界 金融界消息 截至2025年8月1日收盘，中欣氟材（002915）报收于19.32元，下跌2.18%，换手率5.64%， 成交量16.25万手，成交金额3.16亿元。 资金流向方面，今日主力资金净流出3855.88万元，占比成交额12.19%。其中，超大单净流出1256.70万 元、占成交额3.97%，大单净流出2599.18万元、占成交额8.21%，中单净流出流入229.73万元、占成交 额0.73%，小单净流入3626.15万元、占成交额11.46%。 中欣氟材最新一期业绩显示，截至2025一季报，公司营业总收入3.56亿元、同比增长11.97%，归属净利 润311.55万元，同比增长22.00 ...

淄博齐翔腾达化工股份有限公司 关于 30 万吨/年环氧丙烷装置恢复生产的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 证券代码:002408 证券简称:齐翔腾达 公告编号:2025-042 特此公告。 债券代码:128128 债券简称:齐翔转 2 淄博齐翔腾达化工股份有限公司 董事会 淄博齐翔腾达化工股份有限公司（以下简称"公司"）于 2024 年 8 月 10 日在《中国证券报》《证券时报》《证券日报》《上海证券报》和巨潮资讯网 （www.cninfo.com.cn）上披露了《关于部分装置检修改造的公告》（公告编 号:2024-066），公司根据环氧丙烷装置的运行效率和运行周期要求，计划从 2024 年 8 月 10 日起对 30 万吨/年环氧丙烷装置及配套装置进行技术改造和设备维护 保养。 目前，公司 30 万吨/年环氧丙烷装置已完成全部检修技改工作，并陆续恢复 正常生产。停车检修技改期间，公司对环氧丙烷装置前期运行过程中存在的问题 进行维护保养和消缺处理，同时针对影响生产成本的工艺流程、设备进行技术改 造，进一步提升了装置的整体运行效率，有效确保 ...

Core Viewpoint - Changhua Chemical has successfully applied carbon dioxide polyether in the trial production of continuous soft foam, marking a significant technological breakthrough in the chemical industry [2][3]. Group 1: Technological Advancements - The company utilizes industrial waste CO2 as a raw material, employing low-temperature and low-pressure catalytic technology to produce carbon dioxide polyether (Carnol®) [2]. - The production process is considered internationally advanced, offering higher safety compared to existing domestic high-temperature and high-pressure methods [2]. - The resulting carbon dioxide-based foam exhibits excellent hydrolysis resistance, yellowing resistance, and mechanical properties, making it suitable for various applications in the automotive and home furnishing sectors [3]. Group 2: Project Investment and Capacity - The total investment for the carbon dioxide polyether and high-performance polyol project is approximately 586.25 million yuan, located in Lianyungang City [3]. - The project is divided into two phases, with the first phase aiming to establish production capacities of 80,000 tons/year for carbon dioxide polyether and 300,000 tons/year for polyether polyols, among others [3]. - Upon full completion, the project is expected to achieve an annual production capacity of 1.06 million tons of carbon dioxide polyether, 300,000 tons of polyether polyols, and 720,000 tons of polymer polyols [3]. Group 3: Strategic Partnerships - Changhua Chemical's carbon dioxide polyether technology is derived from Econic Technologies, a UK-based company founded by Dr. Charlotte Williams [4]. - A strategic cooperation agreement was signed between Econic Technologies and Changhua Chemical in June 2022 to promote the localized production of carbon dioxide polyether using the low-temperature and low-pressure preparation process [4].

天眼查商业履历信息显示，江苏雅克科技股份有限公司，成立于1997年，位于无锡市，是一家以从事化 学原料和化学制品制造业为主的企业。企业注册资本47592.7678万人民币，实缴资本7600万人民币。公 司法定代表人为沈琦。 通过天眼查大数据分析，江苏雅克科技股份有限公司共对外投资了17家企业，参与招投标项目30次，知 识产权方面有商标信息6条，专利信息111条，此外企业还拥有行政许可88个。 资金流向方面，今日主力资金净流出3391.63万元，占比成交额7.63%。其中，超大单净流出1966.98万 元、占成交额4.43%，大单净流出1424.65万元、占成交额3.21%，中单净流出流出246.39万元、占成交 额0.55%，小单净流入3638.01万元、占成交额8.19%。 雅克科技最新一期业绩显示，截至2025一季报，公司营业总收入21.18亿元、同比增长30.88%，归属净 利润2.60亿元，同比增长5.85%，扣非净利润2.54亿元，同比增长6.19%，流动比率1.652、速动比率 1.129、资产负债率41.78%。 金融界消息 截至2025年8月1日收盘，雅克科技（002409）报收于55.22元 ...