2月3日24时起，国内汽、柴油零售限价每吨分别上调205元、195元。全国平均来看：92号汽油、95号汽 油、0号柴油每升分别上调0.16元、0.17元、0.17元。 记者给您算了笔账，用92号汽油加满50升油箱将多花8元。 记者今天从国家发展改革委了解到，2月3日24时国内成品油调价窗口将开启。据国家发展改革委价格监 测中心监测，本轮成品油调价周期内(1月20日—2月2日)国际油价先升后降。 ...

截至2026年2月4日9:40，中证石化产业指数(H11057)下跌0.17%。成分股方面涨跌互现，中国海油、恒 力石化、荣盛石化（维权）等领涨；广东宏大、华峰化学、浙江龙盛等领跌。石化ETF(159731)下跌 0.20%，最新报价1元。流动性方面，截至2月3日，石化ETF近1周日均成交3.29亿元。从资金净流入方 面来看，石化ETF近20天获得连续资金净流入，合计"吸金"14.57亿元。石化ETF最新份额达17亿份，最 新规模达17.07亿元，创新高。 截至2月3日，石化ETF近2年净值上涨69.29%。从收益能力看，截至2026年2月3日，石化ETF自成立以 来，最高单月回报为15.86%，最长连涨月数为9个月，最长连涨涨幅为60.75%，上涨月份平均收益率为 5.59%。截至2026年2月3日，石化ETF近1年超越基准年化收益为2.31%。 华鑫证券分析称，从化工行业三季报业绩表现来看，行业整体仍处于弱势，各细分子行业业绩涨跌不 一。主要原因是受行业过去两年产能扩张进入新一轮产能周期以及需求偏弱影响，但也有部分子行业表 现超预期，例如润滑油行业等。此外，建议重视草甘膦、化肥、进口替代、纯内需、高股息资 ...

Report Industry Investment Rating - Not provided Core Viewpoints - This week, the near - month of Singapore 380cst continued to strengthen, reaching a five - year high year - on - year. After the crack spread rose, it fluctuated. Short - term arbitrage logistics tightened, and Singapore's residue oil inventory decreased significantly. The low - sulfur crack spread of MF0.5 declined, reaching a historical low year - on - year, and the monthly spread was at a historical low for the same period. In terms of inventory, Singapore's fuel oil inventory decreased significantly, EIA residue oil continued to be depleted, ARA residue oil inventory increased, and the inventory increase in Fujairah accelerated. Under the new situation in Venezuela, heavy - oil logistics tilted towards the United States. Canadian heavy oil is seeking new buyers, and the price of Merey crude oil has risen. Recently, the Iran situation and arbitrage logistics have affected 380. High - sulfur spot tightened, and the crack spread rebounded. In the short term, high - sulfur has the strongest driving force among oil products. Attention should be paid to over - heating of internal and external sentiment, and the low - sulfur external market remains weak [3][4] Data Summaries Rotterdam Fuel Oil Data - From January 28 to February 3, 2026, the prices of Rotterdam 3.5% HSF O swap M1, Rotterdam 0.5% VLS FO swap M1, Rotterdam 10ppm Gasoil swap M1, and Rotterdam VLSFO - H SFO M1 increased by 14.86, 16.77, 17.25, and 1.91 respectively. The Rotterdam HSFO - Brent M1 and LGO - Brent M1 spreads changed by 0.51 and 0.00 respectively, and the Rotterdam VLSFO - G O M1 spread changed by - 0.48 [1] Singapore Fuel Oil Data - **Swap Data**: From January 28 to February 3, 2026, the prices of Singapore 380cst M1, Singapore 180cst M1, and Singapore VLSFO M1 increased, while the Singapore GO M1 price also showed an upward trend. The spreads of Singapore 380cst - Brent M1 and Singapore VLSFO - G O M1 changed accordingly [1] - **Spot Data**: From January 28 to February 3, 2026, the FOB 380cst and FOB VLSFO prices in Singapore increased by 5.89 and 2.53 respectively. The 380 - basis increased by 1.61, the high - sulfur internal - external spread decreased by 0.2, and the low - sulfur internal - external spread increased by 0.7 [2] Domestic FU Data - From January 28 to February 3, 2026, the prices of FU 01, FU 05, and FU 09 increased by 29, 24, and 30 respectively. The spreads of FU 01 - 05, FU 05 - 09, and FU 09 - 01 changed by 5, - 6, and 1 respectively [2] Domestic LU Data - From January 28 to February 3, 2026, the prices of LU 01, LU 05, and LU 09 increased by 21, 40, and 33 respectively. The spreads of LU 01 - 05, LU 05 - 09, and LU 09 - 01 changed by - 19, 7, and 12 respectively [3]

Group 1: Report Overview - Report Type: Asphalt Daily Report [1] - Date: February 4, 2026 [2] - Research Team: Energy and Chemical Research Team [4] Group 2: Market Review and Operation Suggestions - **Market Review** - BU2603: Opened at 3327 yuan/ton, closed at 3309 yuan/ton, with a high of 3331 yuan/ton, a low of 3283 yuan/ton, a decline of 1.7%, and a trading volume of 167,400 lots [6] - BU2604: Opened at 3292 yuan/ton, closed at 3304 yuan/ton, with a high of 3330 yuan/ton, a low of 3271 yuan/ton, a decline of 1.52%, and a trading volume of 36,900 lots [6] - Spot Market: Prices in Northeast and East China rose, while those in Shandong and South China fell slightly, and prices in other regions remained stable [6] - **Operation Suggestions** - The asphalt market continues to have a weak supply - demand pattern. There is an expectation of tightened raw material supply and possible price increases after the Spring Festival, but the demand is seasonally weak [6] - Due to the large increase in asphalt futures stimulated by the Middle East situation, it is recommended to be cautious about chasing up. Consider taking long positions at low basis levels [6] Group 3: Regional Market Conditions - **Shandong Market** - The mainstream transaction price of 70A grade asphalt is 3210 - 3270 yuan/ton, a decrease of 35 yuan/ton from the previous working day [9] - International oil prices and asphalt futures were weak and volatile. Spot market demand was basically over, and the transaction was weak [9] - **South China Market** - The mainstream transaction price of 70A grade asphalt is 3280 - 3320 yuan/ton, a decrease of 10 yuan/ton from the previous working day [9] - Some Guangshi petrochemical's road - transport resources were available for sale, and low - price contracts from futures - spot merchants continued to be sold. Terminal demand declined, and market trading was light [9]

2月3日，上海国际能源交易中心发布公告称，自2026年2月5日收盘结算时起，原油、低硫燃料油及20号 胶期货已上市合约的涨跌停板幅度统一调整为9%，套期保值持仓交易保证金比例调整为10%，一般持 仓交易保证金比例调整为11%。分析人士提醒，交易者应密切关注市场动态，合理控制仓位，做好风险 防范措施。 物产中大（600704）期货研究院院长助理谢雯认为，内盘原油期货价格大跌，主要原因是地缘政治风险 降温。本周，伊朗总统佩泽希齐扬下令同美国启动核谈判，美国总统特朗普称正在与伊朗接触。同时， 1月底美国天然气期货价格暴涨对原油价格有所提振，但美国与欧洲的天气预报显示气温将逐渐升高， 两地天然气期货价格本周也大幅回落。因此，在地缘局势缓和和欧美地区气温回升的背景下，先前押注 原油价格上涨的资金逐渐撤出。 继周一跌停后，昨日上海原油期货主力合约再度大跌。今天凌晨，国际油价收盘全线上涨。消息面上， 美国至1月30日当周API原油库存减少1107.9万桶，之前一周为增加24.7万桶。 对于下跌的持续性，隋晓影认为，随着利空情绪逐步释放，原油价格短期进一步下行的动力会减弱。后 续需要关注两方面因素：一是美伊谈判进展，若不及预 ...

本次上调落实后，消费者用油成本有所上涨。卓创资讯（301299）研报显示，油箱容量在50升的小型私 家车加满一箱油将比之前多花8元左右。以月跑两千公里，百公里油耗在8升的小型私家车为例，到下次 调价窗口2月24日24点之前，消费者用油成本将增加18元。 今年以来，国内油价已经历两轮调价窗口。本轮调价周期内，国际原油价格持续上涨，成品油对应调整 幅度扩大。价格落地后，今年调价格局将变为"两涨一搁浅"。根据"十个工作日"原则，下一轮成品油零 售调价窗口将在2月24日24时开启。 商报讯(记者朱光函)昨天下午，记者从浙江省发改委官网了解到，根据国家发展改革委官网新闻发布中 心公布的《2026年2月3日国内成品油价格按机制调整》，按照现行成品油价格形成机制，浙江省自2026 年2月3日24时起，汽、柴油价格(标准品)每吨分别提高205元和195元，折合成升价，每升92号汽油、95 号汽油和0号柴油的升幅分别在0.16元、0.17元、0.17元。调价落地后，92号汽油、95号汽油和0号柴油 的每升价格分别为6.91元、7.35元和6.56元。 ...

Core Viewpoint - The domestic refined oil prices in China are set to increase before the Spring Festival, with gasoline prices rising by 205 yuan per ton and diesel by 195 yuan per ton, leading to an increase of approximately 0.16 yuan per liter for 92-octane gasoline and 0.17 yuan for both 95-octane gasoline and 0 diesel [1] Price Adjustment Summary - The price adjustment will result in most regions seeing diesel prices between 6.6 to 6.8 yuan per liter and 92-octane gasoline retail prices between 6.9 to 7.0 yuan per liter [1] - For an average private car with a 50L fuel tank, the cost to fill up will increase by about 8 yuan due to this price adjustment [1] - This marks the third price adjustment in 2026 and the second increase, with the next adjustment window set to open on February 24, 2026 [1] Market Analysis - Analysts indicate that the current round of price adjustments is based on a positive change rate for crude oil, which has remained in a positive range throughout the adjustment cycle [1] - There is an expectation that the next round of price adjustments may see a decrease, as geopolitical tensions have eased and concerns about oversupply persist [2]

Core Viewpoint - The Guizhou Provincial Development and Reform Commission announced an increase in domestic refined oil prices effective from February 3, 2023, at 24:00, in accordance with the national pricing mechanism for refined oil products [1] Price Adjustments - The price of 89 gasoline (National VIB) will increase by 205 yuan per ton, while 0 diesel will rise by 195 yuan per ton [1] - In Guiyang, the price of 89 gasoline will rise from 6.51 yuan per liter to 6.67 yuan, 92 gasoline from 6.90 yuan to 7.07 yuan, and 95 gasoline from 7.29 yuan to 7.47 yuan [1] - Filling a 50-liter tank with 92 gasoline will cost an additional 8.5 yuan [1] Price Ranges by Market - In the first price zone (Guiyang's six districts), the maximum wholesale and retail prices for 89 gasoline are 8485 yuan and 6.67 yuan, respectively [3] - In the second price zone (Anshun, Qiannan, and surrounding areas), the maximum prices are 8525 yuan and 6.70 yuan for 89 gasoline [3] - In the third price zone (Zunyi, Liupanshui, and others), the maximum prices are 8564 yuan and 6.73 yuan for 89 gasoline [3] Diesel Pricing - In the first price zone, the maximum wholesale and retail prices for 0 diesel are 7505 yuan and 6.68 yuan, respectively [5] - In the second price zone, the maximum prices are 7540 yuan and 6.71 yuan for 0 diesel [5] - In the third price zone, the maximum prices are 7575 yuan and 6.74 yuan for 0 diesel [5]

Market Overview - The three major A-share indices exhibited a V-shaped trend, collectively closing higher, with the Shanghai Composite Index stabilizing above 4000 points due to the joint efforts of heavyweight and thematic stocks. The Shenzhen Component Index led the gains, with growth stocks performing prominently, and the ChiNext Index rebounding under the leadership of the sci-tech sector [2]. Market Performance - A total of 4851 stocks rose, indicating a broad market rally, with a notable increase in the number of stocks hitting the daily limit up. Key sectors leading the gains included commercial aerospace/satellite internet, optical modules/CPO, controllable nuclear fusion, rare metals/rare earths, photovoltaic equipment, military industry, communication equipment, and AI computing hardware. Consumer sectors such as food and beverage and retail also saw upward movement ahead of the holiday, while precious metals, petrochemicals, and banking insurance experienced capital outflows and adjustments [3]. Capital Flow - The total trading volume of the two markets was 1.54 trillion yuan, down 1.57%, reflecting an overall contraction in trading volume and structural differentiation. Capital did not significantly withdraw but shifted from traditional heavyweight stocks in the Shanghai market to growth stocks in the Shenzhen market. Sectors like finance and real estate showed lackluster performance, while commercial aerospace, photovoltaic equipment, rare metals, and AI computing saw impressive trading volumes. Leading growth stocks had the highest trading volumes, indicating a concentration of funds in high-prosperity sectors [5]. Fund Inflows - Institutional investors actively positioned themselves, clearly adjusting their portfolios, with emerging sectors such as commercial aerospace, space photovoltaic, AI computing, and optical modules becoming the main focus for capital. There was a noticeable outflow from defensive sectors like precious metals, banking, and insurance. Retail investors transitioned from passive following to active participation, with some chasing strong stocks, particularly those hitting the daily limit up, especially in the commercial aerospace and AI computing sectors [6].

（编辑 王雪儿） 证券日报网讯 2月3日，荣盛石化在互动平台回答投资者提问时表示，截至2025年三季度末，公司的股 东人数为73726户。截至2025年四季度末公司的股东人数，公司将于2025年年度报告中披露。 ...