【1】盘面表现：BU 2602合约日内稍微回落后，基本处于高位横盘，收盘3133，涨幅3.95%，盘中最高 触及3211，最低3111，近7天累计+5.2%。在连续宽幅震荡后出现大幅跳涨行情，实属罕见。次月合约 2603涨幅3.60%，其他合约也基本翻红上涨。 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 来源：能源研发中心 日报观点 【2】现货市场：①山东重交沥青市场价为2940元/吨，环比假期前上涨4.1%，7天累计+5.1%。山东基 差为-63元/吨，7天累计+9元/吨。②华东重交沥青市场价为3130元/吨，环比假期前上涨1.3%。华东基差 为-3元/吨，7天累计-71元/吨。 【3】裂解变化：①BU-Brent录得-10元/吨，7天累计+88元/吨。当日BU主力+0.7%；Brent+3.7%（以下 午3点收盘成交价计算）。美委地缘升级影响对沥青的直接拉动要强于油价，BU-Brent裂解差大幅上 行。在美委地缘发酵下，建议可做多裂解差，即多沥青空原油。但仍要警惕的是地缘的不确定性，操作 过程仍需谨慎控仓。 【4】基本面变化：新年第一个交易日，沥青罕见出现大幅缺口跳涨，主要受周末委内 ...

本报讯 围绕降低装置能耗等工作重点，2025年以来中国石化扬子石化芳烃厂积极开展创新创效竞赛， 83名青年职工提交311条创新创效"金点子"，其中270余条运用在生产操作中，为装置经济运行、增产创 效发挥青年主力军作用。（匡文静） （来源：工人日报） ...

Core Viewpoint - The company Maohua Shihua (000637) has reported a decline in revenue and a negative net profit for the first three quarters of 2025, indicating potential challenges in its financial performance and market position [2]. Financial Performance - For the first three quarters of 2025, the company's main revenue was 2.304 billion yuan, a year-on-year decrease of 19.24% [2]. - The net profit attributable to shareholders was -93.73 million yuan, which represents an increase of 18.15% year-on-year [2]. - The net profit excluding non-recurring items was -109 million yuan, showing a year-on-year increase of 7.18% [2]. - In Q3 2025, the company's single-quarter main revenue was 823 million yuan, down 11.88% year-on-year [2]. - The single-quarter net profit attributable to shareholders was -11.07 million yuan, reflecting a year-on-year increase of 45.76% [2]. - The single-quarter net profit excluding non-recurring items was -284.11 million yuan, down 27.84% year-on-year [2]. - The company's debt ratio stood at 68.65% [2]. - Investment income was 2.4289 million yuan, while financial expenses amounted to 26.5739 million yuan [2]. - The gross profit margin was 2.51% [2]. Market Activity - As of January 5, 2026, the stock price closed at 4.29 yuan, down 0.23% [1]. - The turnover rate was 3.15%, with a trading volume of 114,900 hands and a transaction amount of 49.8768 million yuan [1]. - On January 5, the net inflow of main funds was 6.3306 million yuan, accounting for 12.69% of the total transaction amount [1]. - The net inflow of speculative funds was 3.5611 million yuan, representing 7.14% of the total transaction amount [1]. - Retail investors experienced a net outflow of 9.8916 million yuan, which was 19.83% of the total transaction amount [1].

Core Insights - The energy industry is undergoing a digital transformation, with the HarmonyOS becoming a crucial choice for energy companies to enhance operational efficiency and data security [1][6] - Major state-owned enterprises in the energy sector have completed full adaptation of HarmonyOS across various applications, marking a new phase of collaborative innovation in the industry [1][5] Group 1: Digital Transformation in Energy Sector - The HarmonyOS has been fully adapted in key applications across energy enterprises, covering essential operational areas and enabling comprehensive digital empowerment [3][4] - Applications such as "China Petroleum Instant Messaging" and "Sinopec Office" have been integrated into the HarmonyOS, facilitating efficient communication and collaboration among employees [3][4] Group 2: Enhanced Operational Efficiency - The adaptation of HarmonyOS in business travel services has streamlined processes like travel booking and reimbursement, significantly improving employee experience [3][4] - In core production operations, applications like "Financial Shared Service Platform" and "WeSIS" have been integrated to ensure smooth business operations and data security [4] Group 3: Public Service Expansion - HarmonyOS is also enhancing public service capabilities for energy companies, with innovations like the "No-Sense Refueling Service" from China Petroleum, which improves user experience through AI technology [5] - Other applications such as "Sinopec Finance" and "Tower Energy" have joined the Harmony ecosystem, leveraging its technological advantages to expand service dimensions [5] Group 4: Future Prospects - The ongoing integration of more industry applications into HarmonyOS is expected to play a vital role in promoting high-quality development in the energy sector and ensuring national energy security [6]

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core Viewpoints of the Report - The core contradiction in the pure benzene market lies in the mismatch between high import pressure and weak downstream demand. Overseas supply pressure persists, leading to continued accumulation of domestic port inventories, which suppresses the market. Domestic supply growth is limited, and there is a potential supply increase from new capacity in Q1. Demand remains weak [3]. - The styrene market shows a pattern of slow supply recovery, delayed inventory rebuilding, and some demand resilience. Overseas supply pressure has increased, but previous price support is still being released. Domestic supply recovery is slower than expected, and demand is in the off - season with mixed performance in downstream sectors [3]. Group 3: Summary by Related Catalogs 1. Daily Market Summary (1) Fundamental Analysis - **Price**: On December 31, the styrene main contract rose 0.15% to 6,791 yuan/ton, and the pure benzene main contract fell 0.44% to 5,463 yuan/ton. Brent crude closed at $58.0/barrel (-$0.1/barrel), and WTI crude closed at $61.3/barrel (-$0.6/barrel). The spot price of East China pure benzene was 5,330 yuan/ton (-10 yuan/ton) [2]. - **Inventory**: East China pure benzene port inventory was 30.0 tons (+2.7 tons), and styrene port inventory was 13.9 tons (+0 tons) [2]. - **Supply**: CFR China and FOB South Korea processing fees rebounded slightly, and the US - South Korea price difference remained high. However, the overseas gasoline crack spread weakened, reducing the blending support. Styrene plant load rebounded from a low level, but non - integrated plants were still in the loss zone with limited profit improvement [2]. - **Demand**: The overall downstream of pure benzene strengthened, with the operating rates of CPL and phenol recovering. The styrene downstream entered the off - season, with slight fluctuations in the operating rates of PS and ABS, a slight decline in EPS operating rate, continuous compression of hard - rubber production profits, and persistent finished - product inventory pressure [2]. (2) Viewpoints - **Pure Benzene**: The core contradiction is the mismatch between high import pressure and weak downstream demand. Overseas supply pressure persists, and domestic port inventories continue to accumulate. Domestic supply growth is limited, and new capacity may be put into operation in Q1 [3]. - **Styrene**: The market shows slow supply recovery, delayed inventory rebuilding, and some demand resilience. Overseas supply pressure has increased, but previous price support is still being released. Domestic supply recovery is slower than expected, and demand is in the off - season [3]. 2. Industrial Chain Data Monitoring (1) Prices of Styrene and Pure Benzene - Styrene futures rose 0.15% to 6,791 yuan/ton, and spot prices rose 0.18% to 6,760 yuan/ton. Pure benzene futures fell 0.44% to 5,463 yuan/ton, and East China spot prices fell 0.19% to 5,330 yuan/ton. Brent crude fell 0.22% to $58.0/barrel, and WTI crude fell 0.98% to $61.3/barrel [5]. (2) Production and Inventory of Styrene and Pure Benzene - China's styrene production decreased 0.66% to 35.2 tons, and pure benzene production remained unchanged at 43.6 tons. Styrene port inventory in Jiangsu remained at 13.9 tons, and national pure benzene port inventory increased 9.89% to 30.0 tons [6]. (3) Operating Rates - Among pure benzene downstream, the operating rates of caprolactam and phenol increased, while that of aniline decreased. Among styrene downstream, the operating rate of EPS decreased, while those of VBS and ABS increased [7]. 3. Industry News - Eight OPEC+ countries agreed in principle to suspend oil production growth in Q1 2026. The US and Israel demanded that Iran completely abandon uranium enrichment activities. Other news includes political statements from Venezuela and Ukraine, sanctions by Ukraine, price cuts of gasoline and diesel in South Africa, and drone attacks by Ukraine on Russia [8][10]. 4. Industrial Chain Data Charts - The report provides charts on the prices of pure benzene and styrene, the price difference between styrene and pure benzene, import and domestic costs of pure benzene, port and factory inventories of styrene, port inventories of pure benzene and ABS, and the weekly capacity utilization rates of caprolactam, phenol, and aniline [11][21][30].

新华社香港1月5日电 香港恒生指数5日涨8.77点，涨幅0.03%，收报26347.24点。全日主板成交2834.62 亿港元。 中资金融股方面，中国银行跌1.55%，收报4.46港元；建设银行跌1.67%，收报7.67港元；工商银行跌 2.05%，收报6.21港元；中国平安涨2.69%，收报68.6港元；中国人寿涨3.4%，收报29.82港元。 国企指数跌20.52点，收报9148.47点，跌幅0.22%。恒生科技指数涨5.19点，收报5741.63点，涨幅 0.09%。 蓝筹股方面，腾讯控股涨0.24%，收报624.5港元；香港交易所涨1.06%，收报420.2港元；中国移动跌 1.38%，收报82.3港元；汇丰控股涨0.48%，收报124.9港元。 香港本地股方面，长实集团跌0.99%，收报39.9港元；新鸿基地产跌1.14%，收报95.5港元；恒基地产跌 1.8%，收报28.44港元。 石油石化股方面，中国石油化工股份跌1.91%，收报4.61港元；中国石油股份跌3.52%，收报8.22港元； 中国海洋石油跌3.29%，收报21.14港元。 【纠错】 【责任编辑:谷玥】 ...

单独看2025年8月份，中国规模以上工业企业煤油产量达到了555.6万吨，与2024年同期的数据相比，8 月份的产量增长了10.7%，增速较2024年同期高9.2个百分点，继续保持增长。 摘要：【图】2025年1-8月中国煤油产量统计分析 2025年1-8月煤油产量分析： 据国家统计局数据，在2025年的前8个月，中国规模以上工业企业煤油产量累计达到了3931.5万吨，与 2024年同期的数据相比，增长了3.4%，增速较2024年同期低17.3个百分点，增速放缓。 图表：中国煤油产量分月（累计值）统计 2025年8月煤油产量分析： 注：主要能源产品产量月度统计范围为规模以上工业法人单位，即年主营业务收入2000万元及以上的工 业企业。 石油化工行业最新动态 石油市场现状及前景分析 化工市场调研与发展前景 日化发展现状及前景预测润滑油市场调研及发展趋势 汽油行业监测及发展趋势 柴油未来发展趋势预测 橡胶现状及发展前景 塑料发展前景趋势分析 化妆品的现状和发展趋势清洁护肤行业现状与发展趋势 产业调研网为您提供更多 图表：中国煤油产量分月（当月值）统计 ...

Group 1 - The core viewpoint is that the long-term logic of the technology sector remains validated, with the TMT sector showing superior profit growth compared to the overall A-share market, similar to previous years like 2013, 2015, and 2020-2021 [1] - The current global technology cycle is supported by significant capital expenditure expansion from major global tech giants, which is a key driver for the technology sector [1] - The commercial aerospace sector is entering a new phase with low-orbit satellite constellations becoming a new battleground for major powers, transitioning from an "investment incubation period" to a "profit realization period" [1] Group 2 - The oil and chemical industry is experiencing a restructuring of supply dynamics due to "anti-involution" policies, alongside a reduction in capital expenditure and emerging demand driving an upward cycle in industry prosperity [1] - The rise in non-ferrous metal prices is attributed to a combination of macroeconomic conditions, industry fundamentals, capital allocation, and geopolitical factors, leading to a historic mismatch between supply and demand in emerging industries [1] - The Science and Technology Innovation Board 100 ETF (588120) tracks the Science and Technology 100 Index (000698), which includes 100 mid-cap securities from the Science and Technology Board, reflecting the overall performance of mid-cap securities in the technology sector [2]

Core Insights - Daqing Petrochemical has successfully exported 10,000 tons of aviation kerosene to Southeast Asia, marking its first large-scale export of aviation fuel and opening new pathways for diversifying its refining product benefits matrix and expanding sales channels [1] Group 1: Customs Support and Export Growth - Daqing Customs has played a crucial role in facilitating the export process by implementing a "company commitment + post-inspection release" regulatory model, which has reduced pre-declaration inspection and release time by over 3 days [1] - During the 14th Five-Year Plan period, Daqing Customs inspected and released 2,031 batches of various chemical products, totaling 390.95 million tons, with a value of $3.322 billion, exporting to over 20 countries and regions [3] - The number of batches of chemical products exported from Daqing has increased by more than 5 times compared to the 13th Five-Year Plan period, reaching a historical high [3] Group 2: Specific Product Exports and Regulatory Innovations - Major chemical products exported during the 14th Five-Year Plan include gasoline, diesel, methyl tert-butyl ether, marine fuel oil, and toluene, primarily produced by Daqing Petrochemical and Daqing Refining [4] - Daqing Customs has developed tailored "one-on-one" support measures for large-volume hazardous chemical exports, significantly compressing overall inspection and release times by over 70% [4] - The introduction of innovative regulatory models, such as "inspection + conformity verification" and batch inspection reforms for hazardous chemicals, has effectively addressed the challenges of exporting large volumes of hazardous chemicals from inland refineries [4] Group 3: Green Products and Future Initiatives - Daqing Refining's green methanol product has achieved over 100% carbon reduction, ranking among the top globally, and has successfully completed sales and refueling for the first domestically produced methanol dual-fuel container ship [6] - Daqing Customs is focused on enhancing the petrochemical industry system and advancing smart customs initiatives to promote the export of more chemical products from Daqing to the global market [6]

Group 1 - The core viewpoint of the article highlights the mixed performance of the domestic energy and chemical sector in the futures market, with asphalt futures experiencing a significant increase of 3.78%, reaching 3128.00 CNY/ton [1][2] Group 2 - Cost implications arise from the interruption of Venezuelan oil supply, which may significantly impact asphalt production in China, leading to potential increases in costs even if suitable import alternatives are found [2] - The current spot market shows stable prices for asphalt, with Shandong at 2950 CNY/ton, East China at 3090 CNY/ton, and South China increasing by 40 to 2940 CNY/ton [2] - The fundamental analysis indicates a persistent weak supply-demand dynamic, with winter storage not exceeding expectations and general trading levels remaining average, while upstream inventory is slightly accumulating [2] - Refinery operations are stable, with some units undergoing maintenance, resulting in a slight reduction in overall excess pressure [2] - Future market outlook suggests that escalating tensions in South America may lead to a significant decline in Venezuelan oil shipments to Asia, increasing risks for non-US buyers [2] - Despite the weak fundamentals in the asphalt market, potential upward drivers may emerge from the raw material side, particularly if Venezuelan oil supply tightens, which could elevate the cost base for asphalt refineries and create further rebound space for asphalt prices [2]