Group 1: Report Industry Investment Rating - No information provided Group 2: Core Views of the Report - Asian near - term high - sulfur supply and inventory remain at a high level. Ukrainian bombings of Russian refineries have entered a continuous stage, affecting some refinery capacities and favoring high - sulfur to some extent. Mexican high - sulfur exports are continuously declining, and the supply pressure of high - sulfur in the third quarter is slightly less than expected. On the demand side, the decline in high - sulfur cracking and the increase in China's fuel oil consumption tax deduction are beneficial to the growth of high - sulfur feedstock demand, while the seasonal power generation demand for high - sulfur is gradually decreasing. [7] - Low - sulfur fuel oil spot premiums continue to decline. The increase in spot window sellers and near - term supply growth have hit low - sulfur spot prices. Low - sulfur supply continues to recover, and there is no specific driver for downstream demand. Attention should be paid to the near - term low - sulfur export logistics changes and the adjustment and issuance rhythm of low - sulfur quotas in the Chinese market. [7] Group 3: Summary by Relevant Catalogs First Part: Relevant Data - On August 13, 2025, the FU main contract was 2730, down 40 from the previous day; the LU main contract was 3463, down 39 from the previous day. The FU main contract position was 145,000 lots, down 4,000 lots from the previous day; the LU main contract position was 51,000 lots, unchanged from the previous day. The FU warehouse receipt was 92,710 tons, unchanged from the previous day; the LU warehouse receipt was 21,050 tons, unchanged from the previous day. [3] - The FU9 - 1 spread was - 42, down 12 from the previous day; the LU10 - 11 spread was 12, up 5 from the previous day. The LU - FU main contract spread was 733, up 1 from the previous day. The FU09 - foreign market 08 spread was - 15.8, up 0.2 from the previous day; the LU10 - foreign market 09 spread was 7.6, up 4.8 from the previous day. [3] Second Part: Market Research and Judgment - **Market Overview**: A piece of important news is that on Wednesday, the Russian authorities said that the debris of a destroyed drone caused a small fire at the Slaviansk refinery in the Krasnodar region of Russia, and the fire was quickly extinguished. [6] - **Market Judgment**: As mentioned in the core views, the supply and demand situation of high - sulfur and low - sulfur fuel oil is analyzed, and the changes in spreads in the Singapore paper market are also mentioned, such as the high - sulfur Sep/Oct month - spread dropping from 4.8 to 3.3 US dollars/ton, and the low - sulfur Sep/Oct month - spread dropping from 3.5 to 2.0 US dollars/ton. [7] Third Part: Relevant Attachments - There are six graphs including Singapore high - sulfur spot premium, Singapore low - sulfur spot premium, Singapore high - and low - sulfur spread, Singapore LSFO - GO, high - sulfur fuel oil cracking, and low - sulfur fuel oil cracking, with data sources from Galaxy Futures and Reuters. [9]

Group 1: Chemical and Oil Indices Performance - The chemical index and oil index showed overall positive performance, with the chemical raw materials index rising by 1.66% and the chemical machinery index increasing by 6.08%. However, the chemical pharmaceuticals index fell by 1.30% [1] - In the oil sector, the oil processing index increased by 0.67%, the oil extraction index rose by 2.70%, and the oil trading index went up by 2.18% [1] Group 2: International Oil Prices - International crude oil prices declined, with WTI settling at $63.88 per barrel, down 5.12% from August 1, and Brent settling at $66.597 per barrel, down 4.42% [1] Group 3: Petrochemical Products Price Changes - The top five petrochemical products with price increases included liquid chlorine up by 14.98%, coke up by 4.57%, mancozeb up by 4%, coking coal up by 3.55%, and aniline up by 2.82%. The top five products with price decreases included folic acid down by 6%, acrylic acid down by 5.51%, vitamin D3 down by 5.41%, WTI down by 5.12%, and synthetic ammonia down by 4.90% [1] Group 4: Capital Market Performance of Chemical Companies - The top five chemical companies with the highest stock price increases were Kexin New Energy up by 53.05%, Amway Co. up by 51.60%, Xinhang New Materials up by 45.88%, Zhongxin Fluorine Materials up by 35.66%, and Huaxin New Materials up by 25.99%. The top five companies with the largest declines were Lianhua Technology down by 10.41%, Cangzhou Dahua down by 8.80%, Zaiseng Technology down by 8.63%, Yabeng Chemical down by 7.86%, and Xinchao Energy down by 7.21% [2]

s 加安期货 沥青厚报 研究中心能化团队 2025/8/13 | | 指标 | 7/14 | 8/4 | 8/8 | 8/11 | 8/12 | 日度变化 | 周度変化 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | BU主力合约 | 3646 | 3573 | 3478 | 3481 | 3506 | ટર | -67 | | | BU06 | 3382 | 3388 | 3322 | 3311 | 3340 | 29 | -48 | | | BU09 | 3646 | 3573 | 3511 | 3512 | 3539 | 27 | -34 | | | BU12 | 3465 | 3466 | 3391 | 3382 | 3406 | 21 | -60 | | 居间 | BU03 | 3408 | 3395 | 3332 | 3326 | 3353 | 27 | -42 | | | 成交量 | 207308 | 380432 | 241736 | 239377 | 168649 | -70728 | -211783 | | | 持 ...

（文章来源：证券日报） 证券日报网讯 8月12日晚间，华锦股份发布公告称，公司第八届第九次董事会会议审议通过了《2025年 半年度报告及摘要》等多项议案。 ...

格隆汇8月12日丨华锦股份(000059.SZ)公布2025年半年度报告，上半年公司实现营业收入201.04亿元， 同比下降5.01%；归属于上市公司股东的净利润-9.89亿元；归属于上市公司股东的扣除非经常性损益的 净利润-10.06亿元；基本每股收益-0.6184元。 ...

Core Viewpoint - The National Development and Reform Commission (NDRC) announced that there will be no adjustment to gasoline and diesel prices due to insufficient cumulative price change amount, despite fluctuations in international oil prices since July 29, 2025 [1] Group 1: Price Adjustment - The average price of oil in the first ten working days of August was compared to the average price in the first ten working days before July 29, and the cumulative adjustment amount was less than 50 yuan per ton [1] - According to the Petroleum Price Management Measures, the unadjusted amount will be carried over to the next price adjustment [1] Group 2: Market Stability - The NDRC has instructed major oil companies, including PetroChina, Sinopec, and CNOOC, to ensure stable production and transportation of refined oil products [1] - Local authorities are required to enhance market supervision and strictly enforce national pricing policies to maintain normal market order [1]

2025年8月12日国内成品油价格按机制不作调整 综合：中国政府网、国家发展改革委微信 来源：河北交通广播 自2025年7月29日以来，国际市场油价波动运行，按现行国内成品油价格机制测算，8月12日的前10个工 作日平均价格与7月29日前10个工作日平均价格相比，同时考虑7月29日未调价金额，累计调价金额每吨 不足50元，根据《石油价格管理办法》第七条规定，本次汽、柴油价格不作调整，未调金额纳入下次调 价时累加或冲抵。 中石油、中石化、中海油三大公司及其他原油加工企业要组织好成品油生产和调运，确保市场稳定供 应，严格执行国家价格政策。各地相关部门要加大市场监督检查力度，严厉查处不执行国家价格政策的 行为，维护正常市场秩序。消费者可通过12315平台举报价格违法行为。 ...

来源：中国新闻网 据国家发展改革委消息：自2025年7月29日以来，国际市场油价波动运行，按现行国内成品油价格机制 测算，8月12日的前10个工作日平均价格与7月29日前10个工作日平均价格相比，同时考虑7月29日未调 价金额，累计调价金额每吨不足50元，根据《石油价格管理办法》第七条规定，本次汽、柴油价格不作 调整，未调金额纳入下次调价时累加或冲抵。 中石油、中石化、中海油三大公司及其他原油加工企业要组织好成品油生产和调运，确保市场稳定供 应，严格执行国家价格政策。各地相关部门要加大市场监督检查力度，严厉查处不执行国家价格政策的 行为，维护正常市场秩序。消费者可通过12315平台举报价格违法行为。 ...

新华财经北京8月12日电国家发展改革委12日发布，自2025年7月29日以来，国际市场油价波动运行，按 现行国内成品油价格机制测算，8月12日的前10个工作日平均价格与7月29日前10个工作日平均价格相 比，同时考虑7月29日未调价金额，累计调价金额每吨不足50元，根据《石油价格管理办法》第七条规 定，本次汽、柴油价格不作调整，未调金额纳入下次调价时累加或冲抵。 （文章来源：新华财经） 国家发展改革委同时要求，中石油、中石化、中海油三大公司及其他原油加工企业要组织好成品油生产 和调运，确保市场稳定供应，严格执行国家价格政策。各地相关部门要加大市场监督检查力度，严厉查 处不执行国家价格政策的行为，维护正常市场秩序。 ...

编辑 陈艳婷 中石油、中石化、中海油三大公司及其他原油加工企业要组织好成品油生产和调运，确保市场稳定供 应，严格执行国家价格政策。各地相关部门要加大市场监督检查力度，严厉查处不执行国家价格政策的 行为，维护正常市场秩序。消费者可通过12315平台举报价格违法行为。 新京报讯 据发改委消息，自2025年7月29日以来，国际市场油价波动运行，按现行国内成品油价格机制 测算，8月12日的前10个工作日平均价格与7月29日前10个工作日平均价格相比，同时考虑7月29日未调 价金额，累计调价金额每吨不足50元，根据《石油价格管理办法》第七条规定，本次汽、柴油价格不作 调整，未调金额纳入下次调价时累加或冲抵。 ...