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原油系板块全线飘绿 液化石油气主力跌逾2%
Jin Tou Wang· 2025-09-22 04:58
Core Viewpoint - The domestic futures market for crude oil-related products experienced a decline across the board on September 22, with liquefied petroleum gas (LPG) leading the drop at over 2% [1]. Group 1: Price Movements - As of September 22, the main crude oil futures fell by 1.65%, settling at 483.10 yuan per barrel [1]. - Fuel oil futures decreased by 1.24%, priced at 2783.00 yuan per ton [1]. - Low-sulfur fuel oil futures saw a decline of 0.65%, with a price of 3383.00 yuan per ton [1]. - Liquefied petroleum gas futures dropped by 2.59%, now at 4255.00 yuan per ton [1]. - The opening prices for various contracts on September 22 included SC crude oil at 485.20 yuan, fuel oil at 2793.00 yuan, and LPG at 4359.00 yuan [2]. Group 2: Warehouse Data - As of September 19, the warehouse data indicated that the futures warehouse receipts for medium-sulfur crude oil remained unchanged at 5,401,000 barrels [3]. - Fuel oil futures warehouse receipts were stable at 127,140 tons [3]. - The warehouse receipts for asphalt futures decreased by 1,330 tons, totaling 40,440 tons [3]. - LPG futures warehouse receipts remained steady at 12,974 contracts [3]. - Low-sulfur fuel oil warehouse receipts were unchanged at 10,020 tons [3]. Group 3: Basis Data - The basis data as of September 19 showed a phenomenon of "backwardation" for fuel oil, asphalt, LPG, and low-sulfur fuel oil, where spot prices exceeded futures prices [3]. - The basis for fuel oil was calculated at 2,632 yuan, with a basis rate of 48.29% [3]. - The basis for asphalt was 205 yuan, with a basis rate of 5.65% [3]. - The basis for LPG was 234 yuan, with a basis rate of 5.08% [3]. - The basis for low-sulfur fuel oil was 144 yuan, with a basis rate of 4.07% [3].
埃克森美孚合成石墨电池技术获突破
Zhong Guo Hua Gong Bao· 2025-09-22 03:03
中化新网讯 近日,埃克森宣布研发出一种新型合成石墨,可将电动汽车电池寿命延长高达30%。埃克 森美孚CEO达伦·伍兹称其为"电池性能的革命性飞跃"。他还透露,多家电动车制造商正在测试该技 术。 此前数日,埃克森宣布收购合成石墨制造商Superior Graphite,以支持公司进军电池阳极石墨市场。合 成石墨不仅用于电动汽车电池,还应用于储能系统。相较于开采的天然石墨,合成石墨生产流程更可 控,成本更低且质量更稳定,能实现更快、更智能的规模化生产,同时提供优于当前市场的石墨产品。 此次收购与技术突破紧随埃克森2023年进军锂矿开采的决策。尽管美国本土电动车销售遇冷,埃克森公 司两年前已宣布计划在阿肯色州生产锂资源,目标到2030年成为领先的电动汽车电池供应商。埃克森计 划2027年实现首批锂量产,并评估全球扩张机会,预计到2030年其锂产量可满足每年超百万辆电动车的 制造需求。通过近期布局,埃克森业务已覆盖电动车电池供应链的多数环节。 ...
卓创资讯:明晚24时成品油零售限价搁浅概率较大
Xin Lang Cai Jing· 2025-09-22 02:19
Group 1 - The international crude oil prices have shown a strong fluctuation within a range during the pricing cycle from September 9, 2025, to September 23, 2025 [1] - As a result, the domestic reference crude oil change rate has shifted from negative to positive but remains at a low level, with an adjustment magnitude of 25 yuan/ton calculated on the 9th working day [1] - The adjustment amount has not reached the National Development and Reform Commission's price adjustment threshold of 50 yuan/ton, indicating a potential for no price change [1] Group 2 - There is one working day left until the price adjustment window, and according to Zhaochuang Information, the probability of domestic refined oil price adjustment being shelved is relatively high as of September 23, 2025, at 24:00 [1]
中国石油第三届“感动石油”人物揭晓
Sou Hu Cai Jing· 2025-09-21 08:32
Core Points - The third "Touching Petroleum" award ceremony was held by China National Petroleum Corporation (CNPC) in Beijing, recognizing 10 individuals and 3 teams from 27 nominees selected through 1.526 million votes [1][3] - The awardees include teams and individuals who have made significant contributions to the oil industry, showcasing dedication to national energy security and technological advancements [3][4] Group 1: Awardees and Contributions - The awardees include the CNPC Information Technology Strengthening Core Engineering Project Management Team, Zhang Jinyou from Daqing Oilfield, Yang Yixing from Changqing Oilfield, and several others who have excelled in various fields [3][4] - Zhang Jinyou achieved a historic breakthrough in unconventional oil and gas, while Yang Yixing has guided over 10,000 well operations, generating a cumulative profit of 180 million yuan [4] - The CCUS technology team from Jilin Oilfield established Asia's largest and China's first national-level demonstration project for the entire CCUS industry chain, contributing to national emission reduction efforts [4] Group 2: Personal Stories and Legacy - Personal stories shared during the ceremony highlighted the dedication and sacrifices of the awardees, such as Geng Jie, who ensured the safe and environmentally friendly operation of the Chad oilfield for 14 years, increasing production from 1 million tons to over 5 million tons [4][6] - The event utilized holographic technology to honor the legacy of Wang Jinxi, a symbol of the spirit of the oil industry, emphasizing the ongoing commitment to innovation and excellence in the sector [6] - The ceremony included performances and tributes to the labor model groups within CNPC, reinforcing the collective spirit and achievements of the workforce [6]
金价,又涨了
Sou Hu Cai Jing· 2025-09-20 03:56
Group 1: Federal Reserve and Interest Rates - The Federal Reserve is expected to implement two rate cuts this year, which is more than previously predicted in June, indicating a potential increase in liquidity that may benefit high-growth stocks [1] - The market is currently digesting the Federal Reserve's hawkish signals from the recent meeting, despite the anticipated rate cuts [1] Group 2: U.S. Stock Market Performance - U.S. stock indices closed higher on Friday, with the Dow Jones up 0.37%, S&P 500 up 0.49%, and Nasdaq up 0.72%, marking the second consecutive day of record closing highs [3] - The latest report from Bank of America suggests that the current investment surge in large U.S. tech stocks has not yet reached historical peak levels, indicating further potential for valuation expansion [3] - For the week, the Dow Jones rose 1.05%, S&P 500 increased by 1.22%, and Nasdaq gained 2.21% [6] Group 3: Gold Market - International gold prices rose on Friday, closing at $3705.8 per ounce, a 0.75% increase, following a period of decline due to profit-taking after the Fed's rate cut announcement [5] - Despite fluctuations, gold prices accumulated a weekly increase of 0.53% [5] Group 4: European Market Trends - European stock indices collectively declined on Friday, with the UK market down 0.12%, France down 0.01%, and Germany down 0.15% [9] - Germany's producer price index for August showed a month-on-month contraction of 0.5%, significantly worse than expected [9] Group 5: Oil Market Dynamics - International oil prices fell on Friday, with light crude oil futures closing at $62.68 per barrel, down 1.40%, and Brent crude at $66.68 per barrel, down 1.13% [12] - The oil market is facing a supply-demand imbalance, with the U.S. government encouraging increased production to lower prices and OPEC+ increasing output to capture market share [12] - Weak signals from the U.S. job market and cooling manufacturing and real estate activities indicate a decline in oil demand [12]
中国石油获得发明专利授权:“一种油泥调驱剂及其制备方法和应用”
Sou Hu Cai Jing· 2025-09-19 19:50
证券之星消息,根据天眼查APP数据显示中国石油(601857)新获得一项发明专利授权,专利名为"一 种油泥调驱剂及其制备方法和应用",专利申请号为CN202310794997.1,授权日为2025年9月19日。 通过天眼查大数据分析,中国石油天然气股份有限公司共对外投资了1288家企业,参与招投标项目443 次;财产线索方面有商标信息107条,专利信息32476条;此外企业还拥有行政许可168个。 专利摘要:本发明公开一种油泥调驱剂及其制备方法和应用。该油泥调驱剂,按质量份数计,包括以下 组分:油泥1~5份,磺化剂1~5份,碱中和剂0.1~5份,表面活性剂0.01~3份。本发明提供的油泥调驱 剂,通过各组分之间协同复配作用,能够获得良好的调剖和洗油效果。在此基础上,由于磺化剂对油泥 中富含芳香化合物的原油进行磺化,经过碱中和实现部分油泥向石油磺酸盐的转化,与表面活性剂复配 后,激活了油泥的洗油作用,同时油泥自身微细颗粒物以及磺化反应的残渣具有一定的封堵调剖作用。 相比于现有技术,本发明提供的油泥调驱剂,在调剖性能相近的前提下,还能够有效降低油水界面张 力;在相同使用量、同等油藏条件下,可以使得原油采收率提高5 ...
光大期货能化商品日报-20250919
Guang Da Qi Huo· 2025-09-19 03:52
1. Report Industry Investment Rating No information about the industry investment rating is provided in the report. 2. Core Viewpoints of the Report - All energy - chemical products, including crude oil, fuel oil, asphalt, polyester, rubber, methanol, polyolefins, and PVC, are expected to show a volatile trend [1][3][4][6][8][9]. 3. Summary According to Relevant Catalogs 3.1 Research Views 3.1.1 Crude Oil - On Thursday, WTI October contract closed down $0.48 to $63.57 per barrel, a 0.75% decline; Brent November contract closed down $0.51 to $67.44 per barrel, a 0.75% decline; SC2511 closed at 488.8 yuan per barrel, down 7.5 yuan per barrel, a 1.51% decline [1]. - Ukraine increased attacks on Russian energy infrastructure, with two Russian refineries attacked and a petrochemical plant on fire. The EU plans to phase out Russian gas and oil imports by the end of 2027, opposed by Hungary and Slovakia [1]. - In August, Russia's seaborne oil product exports increased 8.9% from July to 9.44 million tons due to refinery maintenance completion and increased fuel production. After the Fed's interest - rate hike, oil prices will remain volatile [1]. 3.1.2 Fuel Oil - On Thursday, the main fuel oil contract FU2601 on the SHFE closed down 1.24% at 2798 yuan per ton; the low - sulfur fuel oil contract LU2511 closed down 1.07% at 3410 yuan per ton [3]. - As of September 17, Singapore's on - land fuel oil inventory decreased by 111.8 million barrels (14.21%) week - on - week; Fujeirah's fuel oil inventory decreased by 170.5 million barrels (24.03%) week - on - week [3]. - Although the autumn refinery maintenance season may tighten the low - sulfur fuel oil supply in Asia, the market will remain well - supplied before October. The high - sulfur market is supported by stable demand and weak refining margins, but supply is still abundant. The prices of FU and LU will follow the cost - end crude oil fluctuations [3]. 3.1.3 Asphalt - On Thursday, the main asphalt contract BU2511 on the SHFE closed down 0.35% at 3427 yuan per ton [3]. - This week, the shipment of 54 domestic asphalt enterprises increased by 14.6% week - on - week; the capacity utilization rate of 69 modified asphalt enterprises reached 20.2%, a 1.7% week - on - week and 3.6% year - on - year increase, hitting a three - year high [3]. - Supply is expected to decline slightly in the remaining weeks of September. Demand in the north is supported by good weather, while the south faces increased rainfall. Considering the continuous losses of non - quota refineries, supply pressure is limited. With the arrival of the peak demand season, asphalt prices may rise, and attention should be paid to oil price fluctuations and demand fulfillment [3]. 3.1.4 Polyester - TA601 closed at 4666 yuan per ton, down 0.98%; EG2601 closed at 4268 yuan per ton, down 0.67%. PX futures closed at 6684 yuan per ton, down 1.3% [4]. - Jiangsu and Zhejiang polyester yarn sales were weak, with an average sales rate of 40% - 50%. A 300,000 - ton/year synthetic gas - to - ethylene glycol plant in Inner Mongolia plans to shut down for maintenance from October 10 for 20 - 30 days; a 600,000 - ton/year plant in Xinjiang is restarting; two US MEG plants with a total capacity of 380,000 tons/year have shut down for about a month [4]. - As of September 18, the overall ethylene glycol operating load in mainland China was 74.93%, up 0.02% from the previous period. PX supply has recovered, and downstream TA has new maintenance, so PX prices are expected to fluctuate with oil prices. With the increase in TA maintenance in the fourth quarter and the rebound in the peak demand season, TA fundamentals are expected to improve. For ethylene glycol, effective supply recovery in October depends on the restart of Satellite Petrochemical. The port inventory is expected to remain low, but the far - month supply is abundant, and the downstream demand improvement is less than expected, with a strong expectation of basis correction [4]. 3.1.5 Rubber - On Thursday, the main Shanghai rubber contract RU2601 fell 310 yuan per ton to 15,570 yuan per ton; the NR main contract fell 290 yuan per ton to 12,300 yuan per ton; the butadiene rubber BR main contract fell 175 yuan per ton to 11,415 yuan per ton [6]. - This week, the operating load of domestic tire enterprises' semi - steel tires was 74.58%, up 0.28 percentage points from last week and down 2.17 percentage points from the same period last year; the operating load of Shandong tire enterprises' full - steel tires was 64.96%, up 0.09 percentage points from last week and up 7.57 percentage points from the same period last year [6]. - After the Fed's interest - rate cut, the macro - environment weakened, and rubber products led the decline. Typhoons brought limited rainfall to domestic rubber - producing areas, and production is expected to recover. Tire operating rates were flat week - on - week, and automobile sales in the fourth quarter are estimated to reach 8.38 million, a 3% increase for the year, with less sales pressure. Rubber supply and demand are both increasing, and rubber prices will fluctuate with the macro - environment [6]. 3.1.6 Methanol - On Thursday, the spot price in Taicang was 2247 yuan per ton, the price in Inner Mongolia's northern line was 2090 yuan per ton, the CFR China price was $264 - 268 per ton, and the CFR Southeast Asia price was $324 - 329 per ton [6]. - Downstream, the formaldehyde price in Shandong was 1075 yuan per ton, the acetic acid price in Jiangsu was 2500 - 2560 yuan per ton, and the MTBE price in Shandong was 5160 yuan per ton [6][8]. - Recently, many domestic methanol plants have been under maintenance, resulting in a temporary low supply. Overseas, Iranian plants have high operating loads, and although there are short - term shutdowns, shipping volumes are stable, and arrivals are expected to remain high. The Xingxing plant has restarted, and the supply - demand gap in East China is narrowing, with port inventory expected to peak. Methanol prices are expected to reach a phased bottom [8]. 3.1.7 Polyolefins - On Thursday, the mainstream price of East China PP was 6780 - 6950 yuan per ton. Oil - based PP had a loss of 481.35 yuan per ton, coal - based PP had a profit of 399.87 yuan per ton, methanol - based PP had a loss of 980.67 yuan per ton, propane - dehydrogenated PP had a loss of 839.47 yuan per ton, and externally - sourced propylene - based PP had a loss of 411.47 yuan per ton [8]. - For PE, HDPE film prices were 8023 yuan per ton, up 8 yuan per ton from last week; LDPE film prices were 9639 yuan per ton, down 9 yuan per ton; LLDPE film prices were 7447 yuan per ton, down 8 yuan per ton [8]. - Supply will remain high and volatile. With the arrival of the "Golden September and Silver October" peak demand season, orders are picking up, and the industry's operating rate is rising. Polyolefin demand is marginally improving, supply changes are limited, the supply - demand gap is narrowing, but the cost side is under pressure, and polyolefin prices are expected to be weakly volatile in the short term [8]. 3.1.8 PVC - On Thursday, the East China PVC market partially declined, with calcium - carbide - type 5 material at 4720 - 4850 yuan per ton and ethylene - type material at 4900 - 5050 yuan per ton; the North China PVC market was stable, with calcium - carbide - type 5 material at 4660 - 4820 yuan per ton and ethylene - type material at 4840 - 4980 yuan per ton; the South China PVC market was range - bound, with calcium - carbide - type 5 material at 4850 - 4900 yuan per ton and ethylene - type material at 4920 - 5020 yuan per ton [8][9]. - Domestic real - estate construction has stabilized and rebounded, but is still weak year - on - year. The operating rates of pipes and profiles are expected to increase slightly. Supply remains high and volatile, domestic demand recovers slowly, and exports will weaken due to India's anti - dumping policy. Although the basis and inter - month spread are high, inventory has been transferred from refineries to the market, and the total inventory pressure is large. However, this has been priced in. The market is now trading on the "anti - involution" concept, and short - term PVC prices may rebound but with limited upside [9]. 3.2 Daily Data Monitoring - The report provides data on the basis, basis rate, spot price, and futures price of various energy - chemical products, including crude oil, liquefied petroleum gas, asphalt, high - sulfur fuel oil, low - sulfur fuel oil, methanol, urea, polyethylene, polypropylene, PTA, ethylene glycol, natural rubber, 20 - number rubber, and soda ash, as well as their changes and historical quantiles [10]. 3.3 Market News - In August, Russia's seaborne oil product exports increased by 8.9% month - on - month to 9.44 million tons due to the completion of refinery maintenance and increased fuel production. Exports from Baltic ports increased by 12.3% to 5.326 million tons, those from Black Sea and Azov Sea ports increased by 3.6% to 3.392 million tons, and those from Arctic ports decreased by 22.6% to 30,700 tons [12]. - Kuwait's oil minister, Tariq Al - Roumi, expects an increase in oil demand after the US interest - rate cut, especially in the Asian market. He also believes that new sanctions on Russia will have a positive impact on oil prices [12]. 3.4 Chart Analysis 3.4.1 Main Contract Prices - The report presents charts of the closing prices of main contracts for various energy - chemical products from 2021 to 2025, including crude oil, fuel oil, low - sulfur fuel oil, asphalt, LPG, PTA, ethylene glycol, short - fiber, LLDPE, polypropylene, PVC, methanol, styrene, 20 - number rubber, rubber, synthetic rubber, European line container shipping, p - xylene, and bottle chips [14][15][18][20][22][26][28]. 3.4.2 Main Contract Basis - Charts show the basis of main contracts for various products, such as crude oil, fuel oil, low - sulfur fuel oil, asphalt, ethylene glycol, PP, LLDPE, natural rubber, 20 - number rubber, p - xylene, synthetic rubber, and bottle chips [29][35][38][41][42]. 3.4.3 Inter - period Contract Spreads - The report provides charts of inter - period contract spreads for fuel oil, asphalt, European line container shipping index, PTA, ethylene glycol, PP, LLDPE, and natural rubber [44][46][49][52][53][57][59]. 3.4.4 Inter - variety Spreads - Charts display inter - variety spreads, including crude oil internal - external spreads, B - W spreads, fuel oil high - low sulfur spreads, fuel oil/asphalt ratio, BU/SC ratio, ethylene glycol - PTA spread, PP - LLDPE spread, and natural rubber - 20 - number rubber spread [61][63][68][69]. 3.4.5 Production Profits - The report includes charts of production profits for ethylene - based ethylene glycol, PP, and LLDPE [71][73]. 3.5 Team Member Introduction - The research team consists of several analysts: - Zhong Meiyan, the assistant director of the research institute and director of energy - chemical research, has over ten years of experience in futures and derivatives research [77]. - Du Bingqin, an analyst for crude oil, natural gas, fuel oil, asphalt, and shipping, has in - depth research on the energy industry [78]. - Di Yilin, a rubber and polyester analyst, is good at data analysis [79]. - Peng Haibo, an analyst for methanol, PE, PP, and PVC, has experience in energy - chemical spot - futures trading [80].
中国石油9月18日获融资买入1.51亿元,融资余额23.17亿元
Xin Lang Cai Jing· 2025-09-19 03:51
来源:新浪证券-红岸工作室 资料显示,中国石油天然气股份有限公司位于北京市东城区东直门北大街9号,香港金钟道89号力宝中心 2座3705室,成立日期1999年11月5日,上市日期2007年11月5日,公司主营业务涉及(i)原油及天然气的 勘探、开发、生产、输送和销售以及新能源业务;(ii)原油及石油产品的炼制,基本及衍生化工产品、其他 化工产品的生产和销售以及新材料业务;(iii)炼油产品和非油品的销售以及贸易业务;及(iv)天然气的输送 及销售业务。主营业务收入构成为:炼油产品73.89%,原油45.28%,天然气39.06%,化工产品 10.48%,其他5.75%,加油站非油品销售0.90%,其他收入0.05%,管输业务0.04%。 截至6月30日,中国石油股东户数48.24万,较上期减少8.82%;人均流通股339297股,较上期增加 9.77%。2025年1月-6月,中国石油实现营业收入14500.99亿元,同比减少6.68%;归母净利润839.93亿 元,同比减少5.21%。 分红方面,中国石油A股上市后累计派现8752.80亿元。近三年,累计派现2470.78亿元。 机构持仓方面,截止2025年6 ...
原油日报:中国如期下发第三批出口配额-20250919
Hua Tai Qi Huo· 2025-09-19 02:56
Report Summary 1. Investment Rating No investment rating for the industry is provided in the report. 2. Core View The report suggests that oil prices will experience short - term range - bound fluctuations and a medium - term bearish configuration. The issuance of China's third - batch of refined oil export quotas, along with factors such as the situation of local refineries and the future of sensitive oil, are important factors affecting the oil market. The type of oil absorbed by SPR in the future is a core factor influencing oil price trends [3][4]. 3. Summary by Section Market News and Important Data - New York Mercantile Exchange's October - delivery light crude oil futures dropped 48 cents to $63.57 per barrel, a 0.75% decline; November - delivery London Brent crude oil futures fell 51 cents to $67.44 per barrel, also a 0.75% decline. SC crude oil's main contract closed down 1.51% at 489 yuan per barrel [1]. - The number of initial jobless claims in the US for the week ending September 13 was 231,000, lower than the expected 240,000, and the previous value was revised from 263,000 to 264,000 [2]. - The EU is formulating measures to accelerate the phased - out of Russian natural gas. Analysts expect the global natural gas market to turn into a supply surplus in the second half of next year, reducing the risk of supply pressure and price spikes in Europe [2]. - US President Trump stated that further oil price cuts are needed, claiming that if oil prices are lowered, the Russia - Ukraine conflict will end [2]. - French President Macron said that UN sanctions on Iran will be restored [2]. - China's cumulative new energy vehicle sales have exceeded 40 million, with production and sales ranking first globally for 10 consecutive years, contributing to global carbon reduction goals [2]. Investment Logic - China issued the third - batch of refined oil export quotas, totaling 8.395 million tons, with a cumulative total of 40.195 million tons for the three batches. The total is basically the same as last year but slightly lower than the market expectation of 9 million tons. The refined oil export quotas have remained stable in the past three years, and the total crude oil import quota has also been stable. However, the proportion of private large - scale refining quotas has been increasing, while that of local refineries has been decreasing. Factors such as quota shortages, a decline in the consumption tax deduction ratio, and the peak of gasoline and diesel demand are squeezing the survival space of local refineries. The reduced ability of local refineries to absorb sensitive oil has led to some inventory backlog, which has contributed to the increase in China's crude oil inventory since the beginning of the year. In the short term, policies are suppressing the operating rate of local refineries, and the future of sensitive oil is uncertain. Although China's storage tank space is relatively abundant (with a current storage rate of about 65%), it may flow into the SPR, which is a core factor for future oil price trends [3]. Strategy - Short - term: Oil prices will fluctuate within a range. - Medium - term: Bearish configuration [4].
泰山石油(000554) - 000554泰山石油投资者关系管理信息20250918
2025-09-18 08:50
Group 1: Profit Distribution and Shareholder Returns - The profit distribution plan proposes a cash dividend of 0.62 CNY per 10 shares, based on the company's current profitability, financial status, and shareholder returns [3] - The company aims to optimize cash dividend frequency and increase the cash dividend ratio as performance grows, emphasizing investor-centric principles [3] Group 2: Natural Gas Business Growth - The significant growth in natural gas revenue is attributed to increased market demand and proactive company strategies, including market expansion and site optimization [3] - Future plans include expanding the natural gas sales network and enhancing service quality while monitoring market trends and industry policies [3] Group 3: Share Buyback Progress - As of August 31, 2025, the company has not yet implemented the announced share buyback plan disclosed on September 3, 2025 [3] Group 4: Related Party Transactions - The estimated total amount for routine related party transactions in 2025 is 242 million CNY, with approximately 72.6 million CNY already incurred [3] Group 5: Revenue Growth Plans - The company plans to maintain profit growth while optimizing sales structure, stabilizing market share, and expanding into new markets and customer segments to increase revenue [3] Group 6: Disclosure of Major Information - The activity did not involve any undisclosed major information [3]