今日午盘全市场共42股涨停，连板股总数16只，18股封板未遂，封板率为70%（不含 ST股、 退市 股）。焦点股方面， 共创草坪T字涨停晋级7连板， 易明医药一字涨停晋级5连板。 固态电池板块反复 活跃， 德新科技3连板， 金银河、 宝丽迪20CM涨停。 ...

知识图强, 求实奉献, 客户至上, 合作共赢 | 然橡胶产业期现日报 | | | | | | | --- | --- | --- | --- | --- | --- | | 投资咨询业务资格:证监许可【2011】1292号 2025年6月10日 | | | | 寇帝斯 | Z0021810 | | 现货价格及基差 | | | | | | | 品种 | 6月9日 | 6月6日 | 活快 | 涨跌幅 | 单位 | | 云南国营会到 胶(SCRWF)：下海 | 13650 | 13750 | -100 | -0.73% | | | 全乳基差(切换至2509合约) | -75 | 100 | -175 | -175.00% | 元/吨 | | 泰标混合胶报价 | 13500 | 13600 | -100 | -0.74% | | | 非标价差 | -225 | -50 | -175 | -350.00% | | | 品种 | e a a fi | 6月6日 | 涨跌 | 涨跌幅 | 单位 | | 杯胶:国际市场:FOB中间价 | 45.20 | 44.90 | 0.30 | 0.67% | 泰铢/公斤 | | 胶水: ...

作 者丨尹华禄 编 辑丨曾静娇 6月9日晚间，化工行业上市公司瑞丰高材（300243.SZ）发布公告称，公司于当日收到董事会秘书赵子阳的 通知，其于当日收到证监会出具的《立案告知书》，证监会决定对赵子阳因涉嫌内幕交易予以立案。 瑞丰高材在公告中表示，"本次立案调查系对赵子阳的个人调查，且不涉及本公司股票交易。上述事项与公司 的日常经营管理和业务活动无关，目前公司生产经营一切正常。" 据该公司2020年披露的履历信息，赵子阳生于1987，大专学历，2009年4月至2011年10月任证券事务代表并 参加了瑞丰高材改制、辅导、公开发行股份并上市的工作；2011年11月至2015年2月任证券事务代表兼办公 室主任；2015年3月至2016年6月任证券事务代表兼证券部部长；2016年6月至今任公司董事会秘书。 到了2024年，赵子阳的学历更新为本科。此外，2023年7月至今，他还兼任控股子公司瑞丰玥能董事；2023 年9月至今，兼任参股公司迪纳新材董事。 瑞丰高材2024年年报显示，赵子阳持有公司股票21.99万股，其中限售股数为16.49万股。2024年，赵子阳在 上市公司获得的税前报酬为41.61万元。 南财快讯记 ...

Core Insights - The Chinese propylene oxide (PO) industry is facing a contradiction where capacity growth outpaces demand, necessitating a shift towards high value-added products as a core strategy for industry breakthrough [1][2] - The Ministry of Industry and Information Technology has emphasized the importance of enhancing the value chain in the fine chemical industry, aiming to develop specialized and innovative products to improve competitiveness [2] Group 1: Industry Challenges and Directions - China's PO capacity is projected to reach 7.47 million tons per year by 2024, accounting for nearly one-third of global capacity, with a self-sufficiency rate of 96% [2] - The apparent consumption of PO in China is estimated at approximately 5.9 million tons in 2024, leading to a classification of PO as a high-risk product by the China Petroleum and Chemical Industry Federation [2] - The industry is encouraged to pursue "incremental innovation" and "stock optimization" to address the challenges posed by rapid capacity expansion [3] Group 2: Incremental Innovation Strategies - Incremental innovation involves developing non-polyurethane products such as high-purity propylene glycol and electronic-grade solutions, which are crucial for sectors like semiconductors and display panels [3][5] - The Ministry of Industry and Information Technology's 2024 edition of the "Guidance Catalog for First Application Demonstration of Key New Materials" highlights support for advanced semiconductor materials, including high-purity chemical reagents [3] Group 3: Stock Optimization Approaches - Stock optimization focuses on enhancing the production of polyether polyols, which are essential for polyurethane materials, in response to the growing demand for high-performance and environmentally friendly products [4] - Innovative technologies, such as the synthesis of polycarbonate diol from carbon dioxide and propylene oxide, have been developed to create biodegradable materials with significant market potential [4] - Companies are encouraged to adjust production layouts based on regional market demands and resource endowments to enhance competitiveness and reduce costs [4] Group 4: Technological Advancements - Various technologies have been successfully implemented to improve the synthesis of PO derivatives, addressing issues of high energy consumption and costs [5][6] - Key innovations include the development of solid catalysts to replace corrosive liquid catalysts, enhancing catalyst utilization, and implementing energy-saving techniques in distillation processes [5][6] - The industry is poised for further breakthroughs in green and energy-efficient processes, contributing to sustainable development in the petrochemical sector [6]

工业硅日报 油） 021-60635738 lijie@ccb.ccbfutures.com 期货从业资格号：F3031215 021-60635737 renjunchi@ccb.ccbfutures.com 期货从业资格号：F3037892 硅）028-8663 0631 penghaozhou@ccb.ccbfutures.com 期货从业资格号：F3065843 021-60635740 pengjinglin@ccb.ccbfutures.com 期货从业资格号：F3075681 021-60635570 liuyouran@ccb.ccbfutures.com 期货从业资格号：F03094925 研究员：李金（甲醇） 021-60635730 lijin@ccb.ccbfutures.com 期货从业资格号：F3015157 研究员：冯泽仁（玻璃纯碱） 021-60635727 fengzeren@ccb.ccbfutures.com 期货从业资格号：F03134307 行业 日期 2025 年 06 月 10 日 二、行情要闻 请阅读正文后的声明 - 2 - 能源化工研究团队 研究员：李捷,CF ...

Core Viewpoint - Company is in the process of issuing convertible bonds to unspecified investors, pending approval from the Shenzhen Stock Exchange and the China Securities Regulatory Commission [1][2]. Group 1 - Company received an inquiry letter from the Shenzhen Stock Exchange regarding its application to issue convertible bonds on May 18, 2025 [1]. - The company, along with relevant intermediaries, has conducted thorough research and provided responses to the inquiries listed in the letter, updating the related application documents accordingly [2]. - The issuance of convertible bonds is subject to approval from the Shenzhen Stock Exchange and registration consent from the China Securities Regulatory Commission, with the timeline for approval remaining uncertain [2]. Group 2 - The company will disclose the updated application documents and responses to the inquiry letter through the Shenzhen Stock Exchange's filing system after public disclosure on the designated information platform [2]. - The company emphasizes its commitment to timely information disclosure in accordance with relevant laws and regulations as the process progresses [2]. - The board of directors of the company issued this announcement on June 10, 2025 [3].

中国民生银行首席经济学家温彬认为，展望下一阶段，CPI将呈现低位温和回升态势。一系列增量政策 与存量政策协同显效，推动供需结构持续改善，将对相关行业价格起到支撑作用，暑期出行需求增加亦 将带动服务价格上涨。 当前，PPI仍处低位，但部分领域价格边际向好。董莉娟表示，影响5月份PPI环比下降的主要原因：一 是国际输入性因素影响国内相关行业价格下降。国际原油价格下行影响国内石油相关行业价格下降，石 油和天然气开采业、精炼石油产品制造业、化学原料和化学制品制造业3个行业合计影响PPI环比下降约 0.23个百分点，超过总降幅的五成。二是国内部分能源和原材料价格阶段性下行。煤炭需求处于淡季， 电厂、港口存煤充足，加之新能源发电成本低、替代作用强，煤炭开采和洗选业价格下降3.0%，煤炭 加工价格下降1.1%。 叠加上年同期对比基数走高等因素影响，PPI同比降幅比上月扩大0.6个百分点。但从边际变化看，我国 宏观政策加力实施，部分行业供需关系有所改善，一些领域价格呈向好态势。 国家统计局数据显示，5月份，居民消费价格指数（CPI）环比下降0.2%，同比下降0.1%，扣除食品和 能源价格的核心CPI同比上涨0.6%，涨幅比上 ...

Core Insights - The ethane market is experiencing supply tightness, leading to increased production costs for downstream industries, which may accelerate industry reshuffling and provide opportunities for leading companies with integrated supply chains [1] Group 1: Industry Overview - Ethane is a key raw material in the production of ethylene, which is essential for plastics [2] - The supply-demand imbalance for ethylene oxide is expected to intensify from 2025 to 2029, concentrating profit distribution rights further upstream [2] - The current production of ethylene oxide in China primarily relies on naphtha cracking, while the ethane-mixed process faces shutdowns, allowing naphtha-based production to regain pricing power [4] Group 2: Company Strategies - Aoke Co., Ltd. (奥克股份) is the first listed company in the field of deep processing of ethylene oxide, holding a 40% market share in the domestic market for polyether monomers, and is expected to strengthen its leading position during price increases due to its 211 patented technologies and large-scale production advantages [2] - Hongqiang Co., Ltd. (红墙股份) is accelerating its national layout through a dual business model of "additives + fine chemicals," with a 150,000-ton/year polyether monomer project expected to commence production soon, enhancing cost control capabilities [2] - Hongqiang Co., Ltd. plans to start a 320,000-ton/year fine chemical project, which includes the production of various derivatives, thereby achieving industry chain integration and improving profitability and resilience against cyclical fluctuations [3] Group 3: Market Dynamics - The industry is expected to undergo a deep reshuffle by 2028, with smaller companies likely to exit due to cost pressures, leading to a further concentration of market share among leading firms [4] - Companies with low-cost procurement capabilities for ethylene oxide will have a competitive advantage in the upcoming industry reshuffle [4] - Strategic partnerships, such as Hongqiang Co., Ltd.'s collaboration with China National Offshore Oil Corporation (中海壳牌) for ethylene oxide procurement, are crucial for reducing transportation costs and securing lower purchase prices [4]

6月9日，国家统计局发布数据显示，5月份，居民消费价格指数（CPI）环比下降0.2%，同比下降 0.1%；扣除食品和能源价格因素的核心CPI同比上涨0.6%，涨幅比4月份扩大0.1个百分点。工业生产者 出厂价格指数（PPI）环比下降0.4%，降幅与4月份相同；同比下降3.3%，降幅比4月份扩大0.6个百分 点。 国家统计局城市司首席统计师董莉娟解读时表示，我国以更大力度和更精准措施提振消费，新质生产力 成长壮大，部分领域供需关系有所改善，价格呈现积极变化。 核心CPI温和回升 董莉娟分析称，5月份CPI环比由涨转降主要受能源价格下降影响。5月份，能源价格环比下降1.7%，影 响CPI环比下降约0.13个百分点，占CPI总降幅近七成。其中，汽油价格环比下降3.8%，降幅比4月份扩 大1.8个百分点。食品价格环比下降0.2%，降幅小于季节性水平1.1个百分点，影响CPI环比下降约0.04个 百分点。 此外，董莉娟表示，5月份，消费需求持续回暖，叠加假日和各地开展文体娱乐活动等因素影响，宾馆 住宿和旅游价格环比分别上涨4.6%和0.8%，均高于季节性水平，其中宾馆住宿价格环比涨幅创近十年 同期新高；夏装换季上新，服 ...

Group 1 - The core objective of macroeconomic policy in the second half of the year is to promote a reasonable recovery of price levels, which will create space for fiscal measures to boost consumption and investment, as well as for further interest rate cuts by the central bank [1][2][5] - In May, the Consumer Price Index (CPI) decreased by 0.1% year-on-year, marking the fourth consecutive month of negative growth, primarily due to falling energy prices and lower food prices [1][3][4] - The Producer Price Index (PPI) saw a year-on-year decline of 3.3% in May, with the drop in production material prices contributing significantly to this decline [1][6][10] Group 2 - The core CPI, which excludes volatile food and energy prices, rose by 0.6% year-on-year in May, indicating a slight improvement in underlying price levels [1][4][5] - The decline in food prices, particularly fresh vegetables and eggs, has been a major factor in the overall CPI decrease, with fresh vegetable prices dropping by 8.3% year-on-year [3][4][6] - The implementation of policies aimed at boosting consumption, such as the trade-in program for vehicles and appliances, has provided some support to prices in certain sectors [4][5][8] Group 3 - The analysis indicates that while the PPI is expected to show marginal improvement, it is likely to remain in negative territory for some time due to external and internal pressures [8][9][10] - The demand for high-tech products is increasing, leading to price increases in sectors such as integrated circuits and aircraft manufacturing [8] - The overall economic environment remains challenging, with low inflation levels exerting pressure on corporate operations and employment [5][6]