甲醇日报 | 2025-07-08 港口基差持续疲软 甲醇观点 市场要闻与重要数据 内地方面：Q5500鄂尔多斯动力煤410元/吨（+0），内蒙煤制甲醇生产利润690元/吨（-25）；内地甲醇价格方面，内 蒙北线1985元/吨（-25），内蒙北线基差193元/吨（-18），内蒙南线2020元/吨（+0）；山东临沂2295元/吨（-35），鲁 南基差103元/吨（-28）；河南2175元/吨（-30），河南基差-17元/吨（-23）；河北2185元/吨（+0），河北基差53元/吨 （+7）。隆众内地工厂库存352280吨（+10730），西北工厂库存223500吨（+18000）；隆众内地工厂待发订单233250 吨（-7450），西北工厂待发订单110400吨（-9100）。 港口方面：太仓甲醇2425元/吨（-40），太仓基差33元/吨（-33），CFR中国282美元/吨（-1），华东进口价差-9元/吨 （+15），常州甲醇2420元/吨；广东甲醇2435元/吨（-25），广东基差43元/吨（-18）。隆众港口总库存673660吨（+3160）， 江苏港口库存333000吨（-23500），浙江港口库存17 ...

光大期货煤化工商品日报 光大期货煤化工商品日报 光大期货煤化工商品日报（2025 年 7 月 8 日） 一、研究观点 | 品种 | 点评 | 观点 | | --- | --- | --- | | 尿素 | 周一尿素现货市场走势分化，主流地区价格波动幅度在-20～20元/吨，目 山东、 | 看涨 | | | 河南地区市场价格分别在1820元/吨、1810元/吨，日环比分别上涨10 元/吨、持平。 | | | | 基本面来看，尿素供应 平小幅回升，昨日行业日产量19.94万吨，日环比增0.35万 | | | | 吨。需求端跟进情绪有所放缓，农业需求 部有所跟进，工业下游 合 行业开始 | | | | 预收 季 款项，但目 行业开工 平仍偏 ，对尿素需求力度有限。昨日主流地 | | | | 区现货产销率分化明 ，行业平均产销率仅为38%。整体来看，尿素期货市场 时缺 | | | | 有效驱动，短期震荡思路对 。后续印标价格结 、出口政策及国内商品市场整 | | | | 体走势扰动仍存，关注出口及国 市场消息面影响。 | | | 业 纯碱 | 周一纯碱现货报价稳定，贸易商环节报价跟随盘面情绪有所波动。昨日沙河及周边 ...

【DT新材料】 获悉，7月4日， 陕煤集团榆林化学 1500万吨/年煤炭分质清洁高效转化示范项目烯烃、芳烃及深加工工程(以 下简称二期项目)融资签约仪式在西安举行。 据悉， 国家开发银行陕西分行、农业银行陕西分行、中国银行陕西分行等11家金融机构融资规模超 1000亿元 ，助力二期项 目建设。 截至6月底，二期项目180天完成了所有长周期设备订购工作。16个工艺包已陆续交付15个，27套基础设计已完成审查25 个，桩基、地下管网等工程已全面开工。 陕煤集团党委书记、董事长张文琪表示 ， 二期项目作为目前最大的煤化工项目，是国家能源发展规划的重点项目，也是落实 煤化工产业高端化、多元化、低碳化发展的重要实践，更是陕西省四个千亿级能源化工项目中率先核准开工的项目。 二期项 目融资获批额度超 1000亿元 ，单户最大批复达 240亿元 ，创下了同类项目融资规模的新纪录，首次实现无担保信用融资， 成为了银企合作的典范，树立了产融协同的新标杆。 产品及设备展区 企业产品、新品、设备展区 说明： 本文部分素材来自于 陕煤集团榆林化学 公司 官网及网络公开信息，由作者重新编写，系作者个人观点，本平台发布仅为了传达一种不同观 ...

1. Report Industry Investment Rating No information provided in the content 2. Core Viewpoints of the Report The report presents a weekly data briefing on the basic chemical industry, covering price and profit changes in various sectors such as polyurethane, oil - gas - olefin, and coal - chemical industries, as well as the performance of related listed companies [2][8][10] 3. Summary by Relevant Catalogs 3.1 Basic Chemical Weekly Data Briefing - **Related Company Performance** - The basic chemical index had a weekly increase of 0.8%, a monthly increase of 3.3%, a quarterly increase of 3.1%, and an annual increase of 15.9% as of July 4, 2025. Among related companies, Wanhua Chemical had a weekly increase of 1.3%, Baofeng Energy had a weekly decrease of 1.5%, Satellite Chemical had a weekly increase of 4.0%, and Huarun Hengsheng had a weekly increase of 1.0% [8] - In terms of profitability, Wanhua Chemical's estimated归母净利润 in 2025 is 13966 million yuan, Baofeng Energy's is 12360 million yuan, Satellite Chemical's is 7004 million yuan, and Huarun Hengsheng's is 4265 million yuan [8] - **Polyurethane Industry Chain** - The average prices of pure MDI, polymer MDI, and TDI this week were 16940, 15220, and 12000 yuan/ton respectively, with week - on - week changes of - 100, - 430, and + 775 yuan/ton. Their respective gross profits were 3718, 3061, and 897 yuan/ton, with week - on - week changes of + 162, - 116, and + 1177 yuan/ton [2][8] - **Oil - Gas - Olefin Industry Chain** - Raw material prices: The average prices of ethane, propane,动力煤, and naphtha this week were 1198, 4071, 470, and 4108 yuan/ton respectively, with week - on - week changes of + 25, - 118, + 0, and - 114 yuan/ton [2][8] - Product prices and profits: The average price of polyethylene was 7946 yuan/ton, with a week - on - week decrease of 29 yuan/ton. The theoretical profits of ethane cracking, CTO, and naphtha cracking to produce polyethylene were 1365, 2091, and 189 yuan/ton respectively, with week - on - week changes of - 50, - 19, and + 94 yuan/ton. The average price of polypropylene was 7120 yuan/ton, with a week - on - week decrease of 16 yuan/ton. The theoretical profits of PDH, CTO, and naphtha cracking to produce polypropylene were 56, 1742, and 20 yuan/ton respectively, with week - on - week changes of + 94, - 11, and + 101 yuan/ton [2] - **Coal - Chemical Industry Chain** - The average prices of synthetic ammonia, urea, DMF, and acetic acid this week were 2242, 1797, 4020, and 2349 yuan/ton respectively, with week - on - week changes of + 28, - 5, + 60, and - 32 yuan/ton. Their respective gross profits were 352, 144, - 186, and 6 yuan/ton, with week - on - week changes of + 16, - 12, + 28, and + 2 yuan/ton [2][10] 3.2 Basic Chemical Weekly Report - **2.1 Basic Chemical Index Trend** - No detailed content provided in the given text - **2.2 Polyurethane Plate** - Analyzes the price and profit trends of pure MDI, polymer MDI, and TDI [2][8] - **2.3 Oil - Gas - Olefin Plate** - Discusses the price trends of raw materials such as ethane, propane,动力煤, and naphtha, as well as the profit situations of different production processes for polyethylene and polypropylene [2][8] - **2.4 Coal - Chemical Plate** - Covers the price and profit trends of coal - chemical products such as synthetic ammonia, urea, DMF, and acetic acid [2][10]

煤化工、氧化铝等行业的治理思路则有所不同，主要通过遏制产能盲目扩张来实现控制目标。相关部门 将对新增产能项目进行科学论证，防止低水平重复建设，避免进一步加剧产能过剩局面。 加速整治"内卷式"竞争， 炼油钢铁等六大行业进行分类调控 国家发改委近期表态，针对"内卷式"竞争的整治政策正在加速推进。据悉，分行业化解产业结构性矛盾 的具体措施有望尽快落地，涉及炼油、钢铁、煤化工、氧化铝、新能源汽车、光伏等多个重点领域。 不同行业将采取差异化的整治手段。炼油、钢铁等传统产能过剩行业，政策重点聚焦化解存量过剩产 能，通过淘汰落后产能实现产业优化升级。这些行业长期面临产能利用率偏低的困扰，亟须通过结构性 调整提升整体效率。 《方案》提出，在提高投资促进水平方面，山东省将精心打造以跨国公司领导人青岛峰会、儒商大会、 港澳山东周、新加坡山东周等为支撑的重大活动矩阵，提升国际影响力；聚焦欧洲、新加坡、日韩、香 港等主要投资来源地，用好"投资中国"、进博会等国家级平台，实施精准靶向招商；深化与央企合作， 一体推进利润再投资、跨国股权并购、新能源和金融领域引资等创新利用外资方式，全力稳住外资基本 盘。 在增强开放平台效能等方面，山东省 ...

甲醇日报 | 2025-07-03 港口累库速率放缓，但基差仍在回落 甲醇观点 市场要闻与重要数据 内地方面：Q5500鄂尔多斯动力煤410元/吨（+0），内蒙煤制甲醇生产利润708元/吨（+60）；内地甲醇价格方面， 内蒙北线2003元/吨（+60），内蒙北线基差199元/吨（+40），内蒙南线2020元/吨（+60）；山东临沂2330元/吨（+35）， 鲁南基差126元/吨（+15）；河南2190元/吨（+20），河南基差-14元/吨（+0）；河北2185元/吨（+0），河北基差41元/ 吨（-20）。隆众内地工厂库存352280吨（+10730），西北工厂库存223500吨（+18000）；隆众内地工厂待发订单233250 吨（-7450），西北工厂待发订单110400吨（-9100）。 港口方面：太仓甲醇2465元/吨（-65），太仓基差61元/吨（-85），CFR中国283美元/吨（-4），华东进口价差48元/ 吨（-241），常州甲醇2440元/吨；广东甲醇2445元/吨（+10），广东基差41元/吨（-10）。隆众港口总库存673660吨 （+3160），江苏港口库存333000吨（-23500 ...

Core Viewpoint - The recent meeting of the Central Financial Committee emphasizes the deepening of the construction of a unified national market, with a focus on the basic requirements of "Five Unifications and One Opening" [1][2]. Group 1: Five Unifications and One Opening - The basic requirements of "Five Unifications and One Opening" include unifying market basic systems, infrastructure, government behavior standards, market supervision and law enforcement, and resource markets, while continuously expanding domestic and international openness [2][5]. - The shift from "Five Unifications and One Breaking" to "Five Unifications and One Opening" reflects a strategic upgrade, indicating a transition from breaking down barriers to enabling openness and collaboration [3][4]. Group 2: Focus Areas and Implementation - The meeting highlights the need to focus on key challenges such as regulating low-price disorderly competition among enterprises, enhancing product quality, and promoting the orderly exit of outdated production capacity [6][11]. - The establishment of foundational systems for the unified national market is underway, including the introduction of the "Fair Competition Review Regulations" to ensure equal participation in market competition [4][5]. Group 3: International Trade and Market Integration - The emphasis on expanding domestic and international openness is crucial for the construction of a unified national market, with a focus on integrating domestic and foreign trade to facilitate the flow of goods and resources [8][9]. - The meeting stresses the importance of promoting high-level openness and the integration of domestic and international markets as a pathway to enhance economic resilience [8][10].

创新驱动 打造智能应用标杆场景 "创新是数字化转型的核心驱动力，我们在生产与营销两端积极构建智能应用标杆场景。"心连心集团数 智化中心总监樊慧峰说。 据介绍，在生产端，依托心连心智能制造平台，融合5G、物联网、大数据技术，实现人、机深度互 联，动态管控与智能决策并举。通过实时数据采集与分析，生产过程中的各项参数得以精准监控和优化 调整，提高了生产效率和产品质量，保障"安、稳、长、满、优"高效运行。 在营销端，心连心集团积极响应国家政策，大力推进数字农业建设。通过水肥一体化运营子系统，融合 新一代卫星遥感影像、大数据等信息化技术，以地块单元为中心，构建"省—市—县—乡"四级穿透的农 业基础大数据平台，涵盖耕地面积、农户、土壤肥力、区域种植结构、气候趋势等多维度数据，让农民 足不出户就能种地、施肥。 在化工产品正由基础原料向高端新材料方向延伸的当下，老牌煤化工企业如何加快数字化转型？ 在河南省政府日前召开的加快数字化转型推动制造业高质量发展工作推进会上，河南心连心化学工业集 团股份有限公司（简称心连心集团）负责人给出了他们的答案——探索和实践创新驱动、技术赋能和生 态协同，围绕"1+6+N"数字化架构（1个工业互 ...

Core Viewpoint - The successful operation of Baofeng Energy's coal-to-olefins project in Inner Mongolia marks a significant milestone in China's coal chemical industry, showcasing advancements in clean and efficient coal utilization and modern coal chemical technology [1][2][3]. Group 1: Project Significance - The project represents a breakthrough in the clean and efficient utilization of coal, addressing resource constraints and environmental challenges, and is a key component of China's energy security strategy [2][3]. - The production of olefins from coal can replace petroleum-based materials, reducing crude oil imports significantly, thus enhancing energy security [2]. - The project has achieved a continuous stable production of over 200 days, demonstrating its operational reliability and technological success [1]. Group 2: Technological Advancements - The project employs the world's first "green hydrogen coupled coal-to-olefins" process, which reduces carbon emissions significantly compared to traditional methods [2]. - It has set new industry benchmarks by achieving a comprehensive energy consumption that is 15% lower than the industry standard [2]. - The project has been recognized for its use of domestically produced equipment, with 23 items reaching leading domestic and international standards, marking a shift from being a follower to a leader in coal chemical equipment [3][4]. Group 3: Economic Impact - The project is expected to generate an industrial output value of approximately 30 billion yuan and contribute over 3 billion yuan in taxes by 2025, while creating nearly 6,000 jobs [6]. - Baofeng Energy aims to expand its coal-to-olefins capacity to over 10 million tons, contributing to the replacement of high-end chemical imports and enhancing national energy security [6]. Group 4: Future Prospects - There are aspirations for further research and development in areas such as ultra-supercritical power generation and low-grade coal utilization, aiming to innovate within the coal chemical sector [7]. - The project is seen as a model for future coal chemical standards, with hopes to transform the "Baofeng model" into a "Chinese standard" for global energy transition [7].

Group 1 - The "Yin Chuo Ji Liao" project is a major water conservancy project in Inner Mongolia, with a total investment of 31.155 billion yuan, aimed at alleviating severe water shortages in the eastern region of Inner Mongolia [1] - The project will annually divert 454 million cubic meters of water from the Chuoer River, benefiting over 3 million people in the Inner Mongolia region [1] - The project is crucial for the agricultural and energy sectors in the region, particularly in Tongliao City, which has a per capita water resource availability of only 56% of the national average [1][2] Group 2 - The main water conveyance line of the project extends 391 kilometers, with additional 395 kilometers of branch lines connecting various counties and industrial parks [2] - The project supports industrial transformation by providing a stable water source for chemical production, which is essential for companies like Tongliao Jinmei Chemical Co., Ltd. [2] - Inner Mongolia is implementing strict water usage quotas for high-water-consuming industries to ensure sustainable water management [2] Group 3 - The project enhances water security for agriculture, ensuring that approximately 410,000 acres of farmland receive adequate water supply [3] - It aims to reverse the declining groundwater levels in the West Liao River basin and supports ecological restoration efforts in the region [3]