Basic Situation - The oil price adjustment risk reserve fund is defined as the fund that domestic oil production, processing, and import enterprises must pay when international crude oil prices fall below the national retail price lower limit for gasoline and diesel [1] Historical Development - In January 2016, the National Development and Reform Commission issued a notice to clarify the collection of the oil price adjustment risk reserve fund to mitigate the impact of fluctuating international oil prices on the domestic market [2] - In December 2016, the Ministry of Finance and the National Development and Reform Commission issued a management method for the collection of the oil price adjustment risk reserve fund, detailing collection, budgeting, usage, and supervision [2] - As of January 1, 2019, the collection of the oil price adjustment risk reserve fund was transferred to the tax authorities [3] Policy Basis - The collection of the oil price adjustment risk reserve fund is based on several official documents, including notices from the National Development and Reform Commission and the Ministry of Finance [4] Collection Objects - The entities responsible for paying the oil price adjustment risk reserve fund include domestic oil production, processing, and import enterprises. If there are multiple entities, a group company may be designated for consolidated payment [6] Billing Method - The oil price adjustment risk reserve fund is paid based on the sales quantity of gasoline and diesel and the specified collection standards [8] Sales Quantity Calculation - The actual sales quantity for gasoline and diesel is determined based on invoice dates and quantities, customs declaration dates for imports, and delivery documents for commissioned processing [10][11][12] Collection Standards - The collection standard for the oil price adjustment risk reserve fund is determined based on the unadjusted price of refined oil, which is calculated quarterly by the National Development and Reform Commission and the Ministry of Finance [13] - Obligated entities can choose to pay the fund quarterly or annually, with specific payment methods requiring approval from the tax authorities [14] Budget Management - The oil price adjustment risk reserve fund is fully paid into the central treasury and included in the general public budget management as "other special income" [16]

Group 1: Agricultural Products Market - The national edible agricultural product market prices increased by 1.6% from the previous week [1] - The average wholesale price of 30 types of vegetables reached 5.24 yuan per kilogram, rising by 7.4%, with bitter melon, cauliflower, and cucumber seeing increases of 21.6%, 18.5%, and 17.3% respectively [1] - The average wholesale price of six types of fruits saw a slight increase, with watermelon, citrus, and grapes rising by 5.4%, 2.7%, and 2.2% respectively [1] - Wholesale prices for grain and oil remained stable, with rice and flour holding steady, while soybean oil, peanut oil, and rapeseed oil decreased by 0.1% [1] - Wholesale prices for aquatic products slightly declined, with grass carp, crucian carp, and large yellow croaker decreasing by 0.9%, 0.3%, and 0.3% respectively [1] - Meat wholesale prices predominantly decreased, with pork priced at 18.47 yuan per kilogram, down by 0.2%, and beef also down by 0.2%, while lamb remained stable [1] - Poultry product wholesale prices saw a slight decline, with eggs and broiler chickens decreasing by 0.9% and 0.1% respectively [1] Group 2: Production Materials Market - The prices of basic chemical raw materials generally increased, with sulfuric acid rising by 3.1%, while soda ash and polypropylene remained stable, and methanol decreased by 0.1% [2] - Prices of non-ferrous metals saw slight increases, with copper, aluminum, and zinc rising by 0.9%, 0.6%, and 0.3% respectively [2] - Coal prices predominantly increased, with coking coal and thermal coal priced at 1,050 yuan and 770 yuan per ton, rising by 1.0% and 0.9% respectively, while anthracite coal decreased by 0.2% [2] - Rubber prices experienced slight increases, with natural rubber and synthetic rubber rising by 0.7% and 0.2% respectively [2] - Steel prices remained stable, with rebar and hot-rolled strip steel priced at 3,308 yuan and 3,511 yuan per ton, both increasing by 0.1%, while welded steel pipes and ordinary plates decreased by 0.5% and 0.3% respectively [2] - Wholesale prices for refined oil slightly decreased, with 92-octane gasoline, 95-octane gasoline, and 0-octane diesel all declining by 0.5% [2] - Fertilizer prices remained stable with slight declines, as compound fertilizer held steady while urea decreased by 0.6% [2]

Core Insights - In September, the national production material market prices decreased by 0.7% month-on-month [1] Price Trends by Category - The price of finished oil decreased by 1.7% month-on-month and 5.2% year-on-year, with specific declines in 95 gasoline, 0 diesel, and 92 gasoline of 1.8%, 1.8%, and 1.7% respectively [2] - Steel prices fell by 1.5% month-on-month and 4.2% year-on-year, with ordinary high-speed wire, rebar, and welded steel pipes decreasing by 1.8%, 1.7%, and 1.1% respectively [2] - Fertilizer prices decreased by 1.2% month-on-month and 7.7% year-on-year, with urea and compound fertilizer prices falling by 1.4% and 0.3% respectively [3] - Coal prices increased slightly by 0.1% month-on-month but decreased by 10.0% year-on-year, with coking coal and No. 2 smokeless lump coal rising by 2.9% and 0.2% respectively, while thermal coal prices fell by 0.4% [3] - Non-ferrous metal prices rose by 1.0% month-on-month and 5.8% year-on-year, with copper and aluminum increasing by 1.8% and 0.2% respectively, while zinc prices decreased by 1.1% [3]

Core Points - The third phase of the general consumption vouchers will be launched today at 10:00 AM, with a total issuance of 5 million yuan [1] - The vouchers can be used from October 22, 10:00 AM to October 31, 24:00 [1] - Each individual can claim one voucher per period, and the distribution is on a first-come, first-served basis until all vouchers are claimed [1] Summary by Category Voucher Details - The value of each consumption voucher is 20 yuan, which can be used to offset purchases of 100 yuan or more [1] - The vouchers can be used at various physical merchants in Zhengzhou, including department stores, restaurants, fuel stations, sports, and cultural tourism businesses [1] - Merchants must support payments through the Cloud Flash Payment method for the vouchers to be valid [1] Eligibility and Distribution - All individuals present in Zhengzhou, including those from other regions, are eligible to apply for the vouchers [1] - The current issuance will also include unclaimed portions from the second phase of the vouchers [1]

Core Viewpoint - Guangju Energy (000096.SZ) primarily engages in domestic refined oil wholesale and retail, with no involvement in export business [1] Company Summary - The company focuses on the wholesale and retail of refined oil products within the domestic market [1] - There is a clear indication that the company does not participate in any export activities related to its business operations [1]

Price Trends in Various Markets - The national production material market prices increased by 0.3% from the previous week [1] - Non-ferrous metal prices saw slight increases, with copper, zinc, and aluminum rising by 2.1%, 0.9%, and 0.7% respectively [1] - Coal prices continued to rise, with prices for smokeless lump coal, coking coal, and thermal coal at 1154 yuan, 1031 yuan, and 760 yuan per ton, increasing by 0.8%, 0.6%, and 0.3% respectively [1] - Rubber prices experienced a slight increase, with synthetic rubber and natural rubber both rising by 0.1% [1] - Basic chemical raw material prices showed slight fluctuations, with sulfuric acid, polypropylene, and methanol decreasing by 0.3%, 0.3%, and 0.2% respectively, while soda ash increased by 0.5% [1] Fuel and Fertilizer Prices - Wholesale prices for finished oil products slightly decreased, with 0 diesel, 92 gasoline, and 95 gasoline all dropping by 0.1% [2] - Fertilizer prices continued to decline, with urea and compound fertilizers decreasing by 0.4% and 0.1% respectively [3] - Steel prices saw a slight decrease, with channel steel, rebar, and ordinary medium plate priced at 3607 yuan, 3356 yuan, and 3738 yuan per ton, decreasing by 0.8%, 0.5%, and 0.3% respectively [3]

Summary of Agricultural Products Market - The national edible agricultural product market price decreased by 0.5% from the previous week [1] - Wholesale prices for poultry products saw a slight decline, with eggs and white strip chicken decreasing by 3.3% and 0.3% respectively [1] - The wholesale price of pork was 19.01 yuan per kilogram, down by 2.2%, while beef and lamb prices decreased by 0.3% and increased by 0.3% respectively [1] - Average wholesale prices for 30 types of vegetables were 4.77 yuan per kilogram, down by 0.4%, with cauliflower, broccoli, and spinach decreasing by 11.0%, 5.4%, and 3.5% respectively [1] - Average wholesale prices for six types of fruits showed slight fluctuations, with apples, bananas, oranges, and grapes decreasing by 0.7%, 0.5%, 0.3%, and 0.3% respectively, while watermelon increased by 6.5% [1] - Grain and oil wholesale prices remained stable, with rice and flour prices unchanged from the previous week, while prices for rapeseed oil, soybean oil, and peanut oil increased by 0.2%, 0.1%, and 0.1% respectively [1] Summary of Production Materials Market - Prices of non-ferrous metals saw a slight increase, with copper, zinc, and aluminum rising by 2.1%, 0.9%, and 0.7% respectively [2] - Coal prices continued to rise, with prices for smokeless lump coal, coking coal, and thermal coal at 1154 yuan, 1031 yuan, and 760 yuan per ton, increasing by 0.8%, 0.6%, and 0.3% respectively [2] - Rubber prices experienced a slight increase, with both synthetic and natural rubber rising by 0.1% [2] - Prices of basic chemical raw materials showed slight fluctuations, with sulfuric acid, polypropylene, and methanol decreasing by 0.3%, 0.3%, and 0.2% respectively, while soda ash increased by 0.5% [2] - Wholesale prices of finished oil products slightly decreased, with 0 diesel, 92 gasoline, and 95 gasoline all decreasing by 0.1% [2] - Fertilizer prices continued to decline, with urea and compound fertilizer decreasing by 0.4% and 0.1% respectively [2] - Steel prices showed a slight decrease, with channel steel, rebar, and ordinary medium plate priced at 3607 yuan, 3356 yuan, and 3738 yuan per ton, decreasing by 0.8%, 0.5%, and 0.3% respectively [2]

Price Trends in Various Markets - The national production material market prices remained stable from September 22 to 28, with minor fluctuations observed in specific categories [1] - Basic chemical raw materials saw slight declines, with sulfur down 3.8%, polypropylene down 1.3%, and methanol down 0.5%, while soda ash remained stable [1] - Fertilizer prices experienced a slight decrease, with urea down 0.6%, while compound fertilizers remained stable [1] - Steel prices were generally stable, with channel steel and hot-rolled strip steel decreasing by 0.5% and 0.4% to 3639 yuan and 3574 yuan per ton respectively, while rebar increased by 0.2% to 3391 yuan per ton [1] - Wholesale prices for finished oil products remained stable, with 0 diesel, 92 gasoline, and 95 gasoline showing no significant changes [1] Specific Material Price Changes - Rubber prices saw a slight increase, with both natural and synthetic rubber rising by 0.1% [2] - Coal prices showed a mixed trend, with thermal coal remaining stable at 759 yuan per ton, while coking coal and anthracite increased by 2.1% and 0.5% to 1021 yuan and 1142 yuan per ton respectively [2] Non-Ferrous Metal Price Movements - Non-ferrous metal prices were predominantly on the rise, with copper increasing by 1.7%, while zinc and aluminum saw slight declines of 0.6% and 0.1% respectively [3]

Agricultural Products Market - The national edible agricultural product market prices increased by 0.6% from the previous week [1] - The average wholesale price of 30 types of vegetables was 4.79 yuan per kilogram, rising by 2.4%, with specific increases in lettuce (9.7%), cauliflower (7.4%), and bitter melon (6.1%) [1] - The average wholesale price of 6 types of fruits saw a slight increase, with watermelon, banana, and pear rising by 4.7%, 1.4%, and 0.9% respectively [1] - Poultry product wholesale prices slightly increased, with eggs and broiler chickens rising by 0.6% and 0.5% respectively [1] - Grain and oil wholesale prices remained stable with slight increases in rice (0.2%), peanut oil (0.1%), and rapeseed oil (0.1%) [1] - The wholesale prices of aquatic products remained stable, with increases in large hairtail (1.1%) and large yellow croaker (0.8%), while crucian carp remained stable [1] - Meat wholesale prices showed slight fluctuations, with pork at 19.54 yuan per kilogram, decreasing by 1.4%, while lamb and beef increased by 1.0% and 0.7% respectively [1] Production Materials Market - Basic chemical raw material prices saw a slight decline, with sulfuric acid, polypropylene, and methanol decreasing by 3.8%, 1.3%, and 0.5% respectively [2] - Fertilizer prices slightly decreased, with urea down by 0.6%, while compound fertilizers remained stable [2] - Steel prices remained stable, with slight decreases in channel steel and hot-rolled strip steel by 0.5% and 0.4% respectively, while rebar increased by 0.2% [2] - Refined oil wholesale prices remained stable across various types [2] - Rubber prices saw a slight increase, with both natural and synthetic rubber rising by 0.1% [2] - Coal prices showed slight increases, with thermal coal remaining stable, while coking coal and anthracite increased by 2.1% and 0.5% respectively [2] - Non-ferrous metal prices were predominantly up, with copper increasing by 1.7%, while zinc and aluminum decreased by 0.6% and 0.1% respectively [2]

Core Viewpoint - The recent coordinated action by multiple departments in Tai'an to crack down on illegal gas stations aims to ensure safety and stability in the local fuel market [1] Group 1: Enforcement Actions - A suspected illegal fuel-selling vehicle was reported, prompting immediate action from the Tai'an Market Supervision Bureau and other departments [1] - The enforcement action involved sampling, questioning, confiscation, and case filing, demonstrating high efficiency in law enforcement [1] - The illegal fuel sold was classified as a flammable liquid, categorized as a dangerous chemical under the 2015 version of the Dangerous Chemicals Directory [1] Group 2: Results and Collaboration - Since the start of the crackdown, 28 law enforcement personnel have been deployed, leading to the identification of three illegal gas station leads and the confiscation of two illegal fuel storage vehicles [1] - The collaboration among various departments has established a robust mechanism for coordinated operations [1] - The high-tech zone will continue to enhance clue investigation and enforcement efforts, maintaining a zero-tolerance policy towards illegal activities in the fuel market [1]