中化新网讯近日，装载着桶装XK203润滑油添加剂产品的车辆驶出锦州石化，该公司首批XK203添加剂 产品采购订单顺利完成交付。 当前，添加剂市场竞争日趋激烈，传统添加剂市场更是遭遇严峻挑战。传统添加剂广泛用于润滑油等领 域，而随着新能源汽车产业的快速发展，传统燃油车市场占比持续下滑，配套润滑油添加剂市场需求同 步萎缩，行业发展陷入瓶颈。在此背景下，锦州石化积极转型，开辟添加剂业务新赛道。 为精准对接市场需求，锦州石化全力推进"产销研一体化"发展，持续提升产品品质与服务质量。为挖掘 市场机遇，销售团队建立高效沟通机制，精准捕捉市场新需求。针对下游企业个性化需求，销售团队与 对方技术团队深度对接指标参数、精准匹配产品特性，成功锁定合作契合点，最终达成合作意向。合作 意向达成后，公司各相关部门上下联动、高效协同，全力保障订单顺利推进。 ...

依托区位优势和物流基础设施，荆门石化积极拓展航煤销售网络，深化与中国航空油料有限责任公司及 华南蓝天航空油料有限公司等重点客户合作，优化市场响应机制。2025年，该公司航煤配送准时率与客 户满意度均超99%。 为全力增产航煤，荆门石化实施航煤"计划排产、操作监控、物料平衡、生产优化、市场销售"全流程管 控，保障从原油进厂到产品出厂的完整供应链高效运行。为适应市场需求增长，荆门石化实施装置技改 与工艺优化。2025年两套蒸馏装置航煤收率分别达到14.5%和7.3%，同比提高2.5%和0.5%，为增产目标 实现奠定基础。 中化新网讯 2025年，荆门石化以市场需求为导向，通过持续优化生产体系、加强技术创新及供应链协 同等关键措施，推动航煤产销量突破60万吨，达到60.94万吨，创企业投产以来新高。 ...

Group 1 - The year 2026 marks the beginning of the "14th Five-Year Plan," with companies in the oil and chemical sectors adopting a proactive approach to ensure high-quality development [1] - China National Petroleum Corporation's Jilin Petrochemical Company is enhancing production efficiency and achieving zero emissions through optimized processes [1] - China National Petroleum's Bohai Drilling Company set records in the Bayannur Oilfield with a well depth of 6077 meters and a horizontal section of 1327 meters [1] Group 2 - Sinopec's Yangzi Petrochemical is implementing an innovative wastewater treatment project that separates oil and water without chemical additives, setting a model for pollution control [2] - Sinopec's exploration and development institute is addressing key challenges with a new integrated geological engineering tracking system [2] - Sinopec's East China Engineering Technology Development Company successfully launched a carbon capture and storage project, with the first batch of liquid CO2 delivered for use [2] Group 3 - China National Offshore Oil Corporation held a safety production meeting to reinforce safety measures for the start of the "14th Five-Year Plan" [4] - China Chemical Engineering Group is focusing on renewable energy and green technology as part of its "135 development strategy" [4] - Sichuan Jinxin Saier Chemical is advancing a project for integrated production of high-quality lithium iron phosphate and hard carbon materials [5] Group 4 - Hubei Xiangyun Chemical is set to complete its new materials industrial park project, aiming for significant growth in the coming year [6] - Shandong Hualu Hengsheng Chemical is focusing on sustainable competitive advantages and innovation to enhance its market position [6] - Meilan Group plans to strengthen its fluorochemical and chlor-alkali chemical sectors while targeting new energy and materials for future growth [6]

1. Report Industry Investment Ratings - **Cautiously Bearish**: Crude oil, LPG, L, PP, PVC, ethylene glycol, natural gas, glass, soda ash [1][3][6] - **Cautiously Bullish**: PX/PTA, methanol, urea [3] - **Bearish Rebound**: LPG, L, PP, asphalt, glass, soda ash [1][6] - **Oscillating Bullish**: PVC, glass [1][6] 2. Core Views of the Report - Supply - demand imbalance and geopolitical factors are the main drivers of price movements in the energy and chemical industries. For example, supply surplus leads to downward pressure on oil prices, while geopolitical events in South America cause short - term price rebounds [1][9]. - Cost factors play a significant role. For instance, the increase in Saudi CP contract prices boosts LPG prices in the short - term, and the weakening of oil prices affects the cost of asphalt [1][15]. - Seasonal factors and market expectations also impact prices. Seasonal off - peak demand and inventory changes influence the market, and market expectations affect trading strategies [1][9]. 3. Summaries by Related Catalogs 3.1 Crude Oil - **Market Performance**: Overnight international oil prices declined, with WTI down 2.04%, Brent down 1.72%, and SC up 0.12% [7][8]. - **Basic Logic**: Short - term geopolitical events in South America and the Middle East do not change the supply surplus situation. In the core driving factor, supply surplus during the off - peak season and increasing global crude oil inventories lead to downward pressure on oil prices [9]. - **Strategy Recommendation**: Hold short positions and buy call options for risk control. Pay attention to the range of SC [420 - 430] [11]. 3.2 LPG - **Market Performance**: On January 6, the PG main contract closed at 4195 yuan/ton, up 0.87% [14]. - **Basic Logic**: Saudi's increase in the latest CP contract price boosts gas prices in the short - term. In the long - term, it is anchored to oil prices and faces upward pressure. Supply increases with rising refinery starts, and downstream chemical demand provides some support [15]. - **Strategy Recommendation**: Continue to hold short positions. Pay attention to the range of PG [4150 - 4250] [16]. 3.3 L - **Market Performance**: The L05 closing price was 6579 yuan/ton, up 2.0% [17]. - **Basic Logic**: Short - term expectations dominate the market. The shutdown ratio rises, and the weighted gross profit of LL is compressed. However, the supply is still sufficient. The demand for shed films weakens, and there is pressure to reduce inventory [19]. - **Strategy Recommendation**: Pay attention to the range of L [6500 - 6750] [19]. 3.4 PP - **Market Performance**: The PP05 closing price was 6423 yuan/ton, up 1.5% [21]. - **Basic Logic**: The intensification of maintenance reduces short - term supply pressure. The PDH profit is compressed, increasing the expectation of maintenance. The commercial total inventory is decreasing at a high level, and the short - term supply - demand contradiction is not prominent [23]. - **Strategy Recommendation**: Pay attention to the range of PP [6400 - 6550] [23]. 3.5 PVC - **Market Performance**: The V05 closing price was 4919 yuan/ton, up 3.3% [25]. - **Basic Logic**: The market trades on the Shaanxi differential electricity price notice, and calcium carbide is expected to strengthen. The fundamental situation is a combination of weak reality and strong expectations. Cost support strengthens, increasing the expectation of future maintenance [27]. - **Strategy Recommendation**: Be bullish in the short - term and pay attention to inventory changes. Pay attention to the range of V [4800 - 5000] [27]. 3.6 PTA - **Market Performance**: As of December 31, TA05 closed at 5110 yuan/ton [29]. - **Basic Logic**: Valuation has improved, and processing fees and profits have increased. The supply side has some device restarts, and the demand side is currently good but expected to weaken. The short - term supply - demand balance is tight, and there is an expectation of inventory accumulation in January [29]. - **Strategy Recommendation**: Pay attention to the opportunity to buy on dips for the 05 contract. Pay attention to the range of TA05 [5120 - 5250] [30]. 3.7 MEG - **Market Performance**: The EG05 closing price was 3609 yuan/ton [31]. - **Basic Logic**: The domestic device load has increased, and the demand is good but expected to weaken. The port inventory is rising, and there is inventory accumulation pressure in January. The valuation is low, but there is a lack of upward drivers [32]. - **Strategy Recommendation**: Close short positions and pay attention to opportunities to short on rebounds. Pay attention to the range of EG05 [3830 - 3920] [33]. 3.8 Methanol - **Market Performance**: The main contract reduced positions and rose [36]. - **Basic Logic**: The valuation is not low. The supply side has some changes in domestic and overseas device starts, and the demand side is slightly weak. The cost support is weakly stable, and the supply - demand situation is slightly loose [36]. - **Strategy Recommendation**: Pay attention to the opportunity to buy on dips for the 05 contract. Pay attention to the range of MA05 [2250 - 2349] [38]. 3.9 Urea - **Market Performance**: The main contract closing price was 1749 yuan/ton [42]. - **Basic Logic**: The spot price of small - particle urea in Shandong has stabilized. The supply side is expected to face increasing pressure as some maintenance devices resume production. The demand side is weak in the short - term, and the inventory is still at a relatively high level. The domestic and overseas arbitrage window is not closed [41][42]. - **Strategy Recommendation**: Pay attention to the opportunity to buy on dips for the 05 contract. Pay attention to the range of UR05 [1750 - 1800] [43]. 3.10 Natural Gas - **Market Performance**: On January 6, the NG main contract closed at 3.523 dollars/million British thermal units, down 2.63% [45]. - **Basic Logic**: The demand side enters the consumption peak season, but the relatively mild weather in the US reduces demand support. The supply side is relatively abundant, putting pressure on prices [46]. - **Strategy Recommendation**: Pay attention to the range of NG [3.250 - 3.680] [46]. 3.11 Asphalt - **Market Performance**: On January 6, the BU main contract closed at 3144 yuan/ton, up 0.35% [49]. - **Basic Logic**: Geopolitical events in South America lead to short - term supply disruptions of asphalt raw materials. The cost - profit situation improves, and the supply side has a decrease in production volume. The demand side is in the off - peak season, and the inventory is rising [50]. - **Strategy Recommendation**: Short positions should be cautious due to supply uncertainties. Pay attention to the range of BU [3100 - 3250] [51]. 3.12 Glass - **Market Performance**: The FG05 closing price was 1092 yuan/ton, up 1.0% [53]. - **Basic Logic**: Short - term cold - repair expectations support the market. The fundamental situation is a combination of weak supply and demand, with declining daily melting volume and negative profits for all three processes. The real estate market is in an adjustment period [55]. - **Strategy Recommendation**: Pay attention to the range of FG [1100 - 1150] [55]. 3.13 Soda Ash - **Market Performance**: The SA05 closing price was 1190 yuan/ton, up 1.1% [57]. - **Basic Logic**: The market sentiment improves, but the demand for heavy soda ash weakens due to the continuous decline in the daily melting volume of float glass. The long - term supply is abundant, and the demand support is insufficient [59]. - **Strategy Recommendation**: Pay attention to the range of SA [1200 - 1250] [59].

热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 周二，上期所沥青主力合约BU2602收跌0.35%，报3144元/吨。近期稀释沥青港口到货量短期保持稳 定，主要源于前期订货船只陆续到港，预计1月国内炼厂原料供应暂未受美委地缘事件直接影响，不过 1-2月船货较少，目前稀释沥青库存支撑到3月底，稀释沥青远月贴水报价已出现小幅回升，未来原料供 应有不确定性；叠加主力炼厂释放冬储合同，价格2900-2920元/吨左右，对盘面有一定底部支撑。不过 需要注意部分炼厂有一定阶段性出货压力。短期来看，沥青市场在原料和供应端支撑之下底部或现，当 前美委地缘局势进一步发酵，市场关注重点或转向未来原料供应，预计沥青价格以企稳偏强为主。 橡胶： 原油： （钟美燕，从业资格号：F3045334；交易咨询资格号：Z0002410） 周二油价重心再度回落，其中WTI 2月合约收盘下跌1.19美元至57.13美元/桶，跌幅2.04%。布伦特3月合 约收盘下跌1.06美元至60.70美元/桶，跌幅1.72%。SC2602以426.1元/桶收盘，下跌1.2元/桶，跌幅为 0.28%。库存数据方面，API数据显示，上周，美国AP ...

Group 1 - The core viewpoint of the news is that Jineng Technology has shown significant trading activity, with a notable increase in financing and a high level of margin trading, indicating strong investor interest [1][2] - On January 6, Jineng Technology's stock price increased by 1.95%, with a trading volume of 84.94 million yuan and a net financing purchase of 2.43 million yuan [1] - As of January 6, the total margin trading balance for Jineng Technology reached 253 million yuan, accounting for 4.75% of its circulating market value, which is above the 70th percentile of the past year [1] Group 2 - As of December 10, the number of shareholders for Jineng Technology increased by 5.62% to 39,100, while the average circulating shares per person decreased by 5.32% to 21,686 shares [2] - For the period from January to September 2025, Jineng Technology reported a revenue of 12.693 billion yuan, representing a year-on-year growth of 4.47%, but the net profit attributable to shareholders was a loss of 78.23 million yuan, a decrease of 141.22% year-on-year [2] - Since its A-share listing, Jineng Technology has distributed a total of 1.434 billion yuan in dividends, with 482 million yuan distributed over the past three years [2]

行业 沥青日报 日期 2026 年 1 月 7 日 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 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 期货从业资格号：F3015157 021-60635727 fengzeren@ccb.ccbfutures.com 期货从业资格号：F03134307 能源化工研究团队 研究员：李捷,CFA（原油沥青） 研究员：任俊弛（PTA、MEG） 研究员：彭浩洲（碳市场工业硅） 研究员：彭婧霖（聚烯烃） 研究员：刘悠然（纸浆） 研究员：冯泽仁（玻璃纯碱） 请阅读正文后的声明 每日报告 ...

国家知识产权局信息显示，中国石油化工股份有限公司取得一项名为"一种甲烷催化燃烧催化剂及其制 备方法"的专利，授权公告号CN119236951B，申请日期为2023年6月。 天眼查资料显示，中国石油化工股份有限公司，成立于2000年，位于北京市，是一家以从事石油和天然 气开采业为主的企业。企业注册资本12173968.9893万人民币。通过天眼查大数据分析，中国石油化工 股份有限公司共对外投资了267家企业，参与招投标项目5000次，财产线索方面有商标信息45条，专利 信息5000条，此外企业还拥有行政许可41个。 来源：市场资讯 中石化（大连）石油化工研究院有限公司，成立于2022年，位于大连市，是一家以从事研究和试验发展 为主的企业。企业注册资本338459.08万人民币。通过天眼查大数据分析，中石化（大连）石油化工研 究院有限公司共对外投资了1家企业，参与招投标项目2801次，专利信息5000条，此外企业还拥有行政 许可65个。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 ...

Market Performance - The three major U.S. stock indices closed higher, with the Dow Jones up 0.99% and the S&P 500 rising 0.6%, both reaching historical highs, while the Nasdaq increased by 0.65% [1] - Tesla shares fell by 4.1%, while Pinduoduo rose nearly 3% and Qualcomm increased by over 3% [1] - The Nasdaq Golden Dragon China Index declined by 0.78%, with Hesai Technologies rising over 10% and Alibaba dropping more than 3% [1] Commodity Prices - WTI crude oil futures fell by 2%, and Brent crude oil futures decreased by 1.71% to below $61 per barrel [1] - COMEX gold futures rose by over 1% to $4,493.40 per ounce, while COMEX silver futures increased by over 6% to $81.20 per ounce [1] - Spot platinum rose by over 7%, and spot palladium increased by 3% to $1,761.18 per ounce [1] - Shanghai silver night trading rose by approximately 4.9% [1] Corporate Developments - Elon Musk's xAI completed a $20 billion Series E funding round, with investors including Nvidia, and the company's valuation may reach $230 billion [1] - Nvidia's CEO Jensen Huang stated that the performance and energy efficiency of the new chip have improved tenfold compared to the previous generation, with optimistic revenue expectations [1] - Nvidia is collaborating with Universal Music and PepsiCo on AI-related projects, and the next-generation chips are now in full production [1] Regulatory and Political News - The U.S. Supreme Court is set to rule on the Trump global tariff case on January 9, with market predictions indicating a 70% probability of government loss [1] - The MSCI has decided not to implement the removal of digital asset treasury companies in the February 2026 index adjustment, leading to a post-market surge of 6% for Strategy [1] - The Federal Reserve Board member Milan called for a rate cut of over 100 basis points this year, with the overnight reverse repurchase agreement usage at $2.582 billion on Tuesday [1] International Relations - The U.S. conducted airstrikes on multiple targets within Venezuela on January 3, with several Latin American countries expressing support for Venezuela and condemning U.S. actions [1] - Discussions are ongoing between the U.S. and Venezuela regarding the potential export of Venezuelan crude oil to the U.S. [1] - Israel reported positive progress in security talks with Syria, with military actions resulting in the deaths of two Hezbollah members in southern Lebanon [1] - Saudi Arabia will fully lift QFI restrictions next month, opening its financial market to all foreign investors, leading to a nearly 3% pre-market rise in the iShares MSCI Saudi ETF [1] - The "Willing Alliance" meeting reached a consensus on providing post-war security guarantees for Ukraine, with the UK and France signing a declaration to send troops to Ukraine if a peace agreement is reached with Russia [1]

Group 1 - The core viewpoint of the article highlights the upcoming procurement plan for the basic design services of ultra-high molecular weight polyethylene (UHMWPE) at the CNOOC Ningbo Daxie Petrochemical, with an expected bidding date in January 2026 [2] - The project aims to establish a new UHMWPE production facility with a capacity of 40,000 tons per year, utilizing raw materials such as ethylene, hydrogen, and purchased hexane, employing a low-pressure hexane slurry process developed by the Shanghai Institute of Organic Chemistry and Sinopec Shanghai Engineering [2] - The total investment for the Daxie Petrochemical Phase VI project is approximately 1,018,418,000 yuan, which includes various production capacities such as 100,000 tons/year of high-performance olefin elastomers (HPOE) and 150,000 tons/year of carbon four comprehensive utilization [3] Group 2 - The Daxie Petrochemical Phase VI project is positioned to enhance the competitiveness of the integrated refining and chemical base by leveraging existing resources like self-produced ethylene and liquefied gas [2] - The project is strategically located in the southern area of the Daxie Petrochemical Taiping plant in Ningbo, aiming to create advanced and competitive high-function material projects [2] - The article also mentions the 2026 Future Industry New Materials Expo scheduled for June 10-12, 2026, at the Shanghai New International Expo Center, focusing on lightweight, high-strength, and sustainable materials [8]