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恒力石化10月20日现1笔大宗交易 总成交金额2.2亿元 溢价率为0.86%
Xin Lang Cai Jing· 2025-10-20 10:03
第1笔成交价格为16.41元,成交1,339.76万股,成交金额21,985.44万元,溢价率为0.86%,买方营业部为 华泰证券股份有限公司南京长江路证券营业部,卖方营业部为华泰证券股份有限公司上海分公司。 炒股就看金麒麟分析师研报,权威,专业,及时,全面,助您挖掘潜力主题机会! 10月20日,恒力石化收跌0.85%,收盘价为16.27元,发生1笔大宗交易,合计成交量1339.76万股,成交 金额2.2亿元。 进一步统计,近3个月内该股累计发生10笔大宗交易,合计成交金额为17.7亿元。该股近5个交易日累计 下跌5.30%,主力资金合计净流出3290.88万元。 责任编辑:小浪快报 ...
【图】2025年1-6月陕西省石脑油产量数据分析
Chan Ye Diao Yan Wang· 2025-10-20 09:27
图1:陕西省石脑油产量分月(当月值)统计图 摘要:【图】2025年1-6月陕西省石脑油产量数据分析 2025年6月石脑油产量统计: 石脑油产量:7.7 万吨 同比增长:8.8% 增速较上一年同期变化:高18.3个百分点 据统计,2025年6月陕西省规模以上工业企业石脑油产量与上年同期相比增长了8.8%,达7.7万吨,增速 较上一年同期高18.3个百分点,增速较同期全国低0.1个百分点,约占同期全国规模以上企业石脑油产量 686.6万吨的比重为1.1%。 详见下图: 据统计,2025年1-6月,陕西省规模以上工业企业石脑油产量与上年同期相比下降了22.8%,达38.8万 吨,增速较上一年同期低35.1个百分点,增速较同期全国低23.6个百分点,约占同期全国规模以上企业 石脑油产量3984.7万吨的比重为1.0%。详见下图: 图2:陕西省石脑油产量分月(累计值)统计图 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。 产业调研网为您提供更多 2025年1-6月石脑油产量统计: 石脑油产量:38.8 万吨 同比增长:-22.8% 增速较上一年同期变化:低35. ...
能源化工周报:短期跟随成本运行-20251020
Hong Yuan Qi Huo· 2025-10-20 08:33
1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report 2.1 Weekly Summary - PX prices declined during the week due to lack of cost support. International oil prices dropped continuously because of signs of easing geopolitical conflicts and Sino - US trade frictions. Domestic PX开工 was at a high level for the year, and although there was a fire at a South Korean refinery, the PX device was not affected. Downstream demand did not improve significantly, leading to a price decline under weak cost and fundamentals [9]. - PTA prices also fell during the week due to the lack of cost support and the expectation of new device commissioning. The weakness of crude oil and PX negatively affected the PTA market sentiment. The potential trial - run of 2.7 million tons of new PTA production capacity in East China would increase the supply pressure. Although downstream开工 increased driven by the demand for warm - keeping products, the subsequent upward space was limited, and the fundamental boost to PTA was weakening [9]. 2.2 Market Forecast - Crude oil prices will fluctuate within a narrow range, waiting for the follow - up development of Sino - US trade issues. - For PX, due to sanctions, trade wars and other factors, the short - term production of some factories may be affected, thus affecting PX supply, but the overall开工 will remain at a high level. - For PTA, PTA factories have not further reduced production even under low - efficiency conditions, and the expectation of new device commissioning in East China suppresses market sentiment. It is expected that the开工 will remain at a high level. - For polyester, the polyester开工 load will be generally stable, and there are no planned start - up or shutdowns of polyester devices. At the end of the traditional peak demand season, it is estimated that polyester factories will not actively reduce production to maintain market share. - For the weaving industry, foreign customers are conservative in placing orders due to uncertain factors, resulting in slow placement of recent export orders. Domestic demand has increased, but factories are not optimistic about the subsequent market. - Overall, PX will operate weakly in the range of 6,150 - 6,350 yuan/ton; PTA will also operate weakly in the range of 4,300 - 4,500 yuan/ton. The recommended strategy is to stay on the sidelines [10]. 3. Summary by Relevant Catalogs 3.1 Price Situation 3.1.1 PX - **Futures**: On October 17, the closing price of the PX main contract was 6,292 yuan/ton, down 212 yuan/ton from October 10, a change of - 3.26%. The settlement price on October 17 was 6,334 yuan/ton, down 198 yuan/ton from October 10, a change of - 3.03% [14]. - **Spot**: The market negotiation and trading atmosphere were acceptable, with a differentiated trend in the paper - spot market. From October 13 - 17, the average basis of the main contract was - 131 yuan/ton; the average domestic PX spot price was 6,250 yuan/ton, a decrease of 125.50 yuan/ton from the previous period, a change of - 1.97% [15][17]. 3.1.2 PTA - **Futures**: The price decline was dominated by cost. On October 17, the closing price of the PTA main contract was 4,402 yuan/ton, down 132 yuan/ton from October 10, a change of - 2.91%. The settlement price on October 17 was 4,424 yuan/ton, down 130 yuan/ton from October 10, a change of - 2.85% [19][21]. - **Spot**: The negotiation atmosphere was average, mainly among traders, with individual polyester factories making inquiries. There was concentrated trading on Friday, with an average daily trading volume of about 2 - 3 million tons. From October 13 - 17, the average basis of the main contract was - 70 yuan/ton. The weekly average CIF price of PTA in the Chinese market was 549.2 US dollars/ton, down 17.8 US dollars/ton from the previous period, a change of - 3.13%. The average spot price of PTA in the East China market was 4,371.6 yuan/ton, down 108.07 yuan/ton from the previous period, a change of - 2.41% [22][24]. 3.2 Device Operation Situation 3.2.1 PX Devices - There were changes in the operation of PX devices in different regions. For example, in East China, some enterprises such as Ningbo Daxie, Sheng Hong Refining and Chemical, and Zhejiang Petrochemical had different load - operation conditions. In North China, Urumqi Petrochemical stopped for maintenance on October 14, expected to last for 15 days. The overall domestic PX开工 rate remained at a high level, and the planned maintenance of domestic and foreign PX devices in the fourth quarter was limited [29][33]. 3.2.2 PTA Devices - Some large - scale PTA devices were under maintenance, such as those of Ningbo Taihua, Hainan Yisheng, and Yisheng Dahua. The weekly开工 rate decreased by 1.92% [36][37]. 3.3 Fundamental Analysis 3.3.1 Cost - **Crude Oil**: European and American crude oil futures fell for three consecutive weeks, with a cumulative decline of more than 12%. The WTI crude oil futures settlement price on October 17 was 57.15 US dollars/barrel, down 1.75 US dollars/barrel from October 10. The Brent crude oil futures settlement price on October 17 was 61.29 US dollars/barrel, down 1.44 US dollars/barrel from October 10. The market was concerned about the resolution of the Russia - Ukraine conflict, and the price was affected by factors such as trade relations, supply and demand expectations, and geopolitical situations [42][44]. - **Naphtha**: The price continued to decline this week, and the economy rebounded slightly. The weekly average CFR price of naphtha in Japan was 550.25 US dollars/ton, and the weekly average production profit was 60.72 US dollars/ton. The fundamental situation of naphtha did not change significantly, and the East - West arbitrage window remained open, with European naphtha flowing to Asia. The substitution effect of downstream LPG on naphtha affected some demand expectations, and the subsequent impact of sanctions and trade wars on naphtha remained to be evaluated [47][49]. 3.3.2 Supply - **PX Processing Margin**: The PXN margin rebounded slightly, and the short - process efficiency narrowed. The weekly average PXN was 236.92 US dollars/ton, a change of 7.36% from the previous period. The PX - MX margin remained at a high level, with a weekly average of 98.75 US dollars/ton. Due to the high domestic开工 rate and insufficient demand, the decline of PX was obvious, and the cash flow continued to narrow during the week, with short - process devices near the break - even point [50][52]. - **PTA Processing Fee**: The boost of device short - stops to the processing fee was limited. From October 13 - 17, the average spot processing fee of PTA was 169.05 yuan/ton, compared with 202.90 yuan/ton last week. Although the production reduction plan temporarily increased the processing fee, the demand did not improve significantly, and it was difficult to improve the processing fee under weak cost and demand [54][56]. - **Inventory**: As of October 16, the PTA social inventory was 4.126 million tons, a decrease of 72,000 tons from the previous week, a change of - 0.47% in the month - on - month growth rate. The decrease in inventory was due to device maintenance rather than demand improvement. The inventory days of PTA factories decreased by 0.14 days, while those of polyester factories increased by 1.15 days. As of October 16, the average inventory usage days of domestic PTA manufacturers were 4.08 days, and the raw material inventory days of polyester factories were 7.35 days. It was estimated that the upward space of the polyester开工 rate was limited in the later period, and the inventory - reduction rhythm would slow down [59][65]. 3.3.3 Demand - **Polyester**: The average weekly price of PTA declined, and the overall demand was weak, which was negative for the polyester market. The average market prices of semi - bright POY150D/48F, DTY150D/48F, and FDY150D/96F decreased by 1.47%, 0.82%, and 1.13% respectively from the previous period. The average price of polyester staple fiber in the East China market was 6,326 yuan/ton, a decrease of 93 yuan/ton from the previous period, a change of - 1.45%. The negotiation range of polyester bottle chips in the East China region was 5,600 - 5,730 yuan/ton, and the average weekly price was 5,710.00 yuan/ton, a decrease of 2.14% from the previous period. The average weekly polyester production and sales were estimated to be 70%. The average weekly load of polyester factories was 89.38%, and the average weekly load of Jiangsu and Zhejiang looms was 68.22% [67][75]. - **Weaving**: The new export orders were placed slowly, and the weaving market lacked confidence in the future market. With the significant drop in temperature in the north, the online sales of autumn and winter textile and clothing accelerated, driving the sales of thick fabrics such as autumn and winter velvet and woolen fabrics. The starting rate of warp - knitting enterprises increased steadily. However, there was a risk of escalation of Sino - US trade frictions after the festival, and some export enterprises were accelerating the production of existing orders to avoid potential impacts [81][83].
化工行业周报20251019:国际油价、蛋氨酸价格下跌,六氟磷酸锂价格上涨-20251020
Investment Rating - The report rates the chemical industry as "Outperform" [2] Core Views - The report highlights the impact of fluctuating international oil prices and the recent decline in methionine prices, while lithium hexafluorophosphate prices have increased [2] - Key investment suggestions for October include focusing on Q3 earnings reports, undervalued leading companies in the industry, the impact of "anti-involution" on supply in related sub-industries, and the importance of self-sufficiency in electronic materials companies [2][11] - The long-term investment themes include sustained high oil prices benefiting the oil and gas extraction sector, rapid development in downstream industries, and policy support for demand recovery [2][11] Summary by Sections Industry Dynamics - As of October 17, the TTM price-to-earnings ratio for the SW basic chemicals sector is 24.76, at the 73.39 percentile historically, while the price-to-book ratio is 2.16, at the 49.29 percentile historically [2][11] - The SW oil and petrochemical sector has a TTM price-to-earnings ratio of 11.53, at the 24.01 percentile historically, and a price-to-book ratio of 1.14, at the 19.57 percentile historically [2][11] - The report notes significant impacts from tariff policies and oil price volatility on the industry this year [2][11] Investment Recommendations - The report recommends focusing on leading companies with strong earnings elasticity and high-growth sub-industries, particularly in 2025 as policies are expected to support demand recovery [2][11] - Specific companies recommended for investment include China Petroleum, China National Offshore Oil Corporation, China Petrochemical Corporation, and several others in the electronic materials and new energy sectors [2][11] Price Trends - In the week of October 13-19, 17 out of 100 tracked chemical products saw price increases, while 52 experienced declines, and 31 remained stable [9][33] - The report identifies significant price movements, with sulfuric acid, vinyl acetate, and propylene oxide showing notable increases, while WTI crude oil and acetone saw the largest declines [9][33]
【图】2025年6月山东省石油焦产量数据
Chan Ye Diao Yan Wang· 2025-10-20 08:33
摘要:【图】2025年6月山东省石油焦产量数据 2025年1-6月石油焦产量分析: 据国家统计局数据,在2025年的前6个月,山东省规模以上工业企业石油焦产量累计达到了474.9万吨, 与2024年同期的数据相比,下降了14.4%,增速较2024年同期低15.1个百分点,增速较同期全国低9.9个 百分点,约占同期全国规模以上企业石油焦产量1567.4万吨的比重为30.3%。 图表:山东省石油焦产量分月(累计值)统计 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 石油发展前景趋势分析 化工的现状和发展趋势 日化行业现状与发展趋势润滑油市场现状及前景分析汽油市场调研与发展前景 柴油发展现状及前景预测橡胶市场调研及发展趋势 塑料行业监测及发展趋势 化妆品未来发展趋势预测清洁护肤现状及发展前景 单独看2025年6月份,山东省规模以上工业企业石油焦产量达到了72.3万吨,与2024年同期的数据相 比,6月份的产量下降了9.6%,增速较2024年同期高3.3个百分点,增速较同期全国低7.2个百分点,约 占同期全国规模以上企业石油焦产量254 ...
第2届辽西走廊(锦州)人才交流大会启幕
Zhong Guo Xin Wen Wang· 2025-10-20 07:30
作为连接华北与东北的交通要道,辽西走廊被赋予人才流动与协同发展的新内涵。本次大会标志着辽西 地区人才工作从各自为战迈向协同发展的新阶段。通过院士分享、项目对接、座谈研讨、专场招聘等多 元形式,大会精准引育领军人才、青年人才、技能人才及高校毕业生,加速推进辽西区域人才协作一体 化进程。 中新网辽宁新闻10月20日电 汇聚五城之力,提供2772个优质岗位,揭牌多个高能级创新平台……10月 18日,第2届辽西走廊(锦州)人才交流大会成功举办。大会通过"会、引、赛、洽"等多元方式,汇聚国 内外知名院士、专家学者、高校院所代表等多方力量,为区域人才发展搭建高水平合作平台。锦州携手 阜新、朝阳、盘锦、葫芦岛5城联合发力,共同擘画人才一体化发展新蓝图,以人才集聚动能驱动区域 全面振兴。 打破壁垒,区域协同筑人才高地 生态赋能,长效机制保人才落地 吸引人才只是第一步,让人才留下来、发展好才是关键。李俏介绍,大会规划了清晰的"会后路径",将 建立三大机制:一是"跟踪服务"机制,为每个签约项目配备专门联络员,确保项目落地"零障碍";二 是"常态化交流"平台,定期组织人才、企业、政府三方座谈,持续跟进项目进展;三是"激励"机制,按 ...
IEA上调原油产量预期,9月OPEC联盟产量大幅提升:石油化工行业周报(2025/10/13—2025/10/19)-20251020
Investment Rating - The report maintains a positive outlook on the petrochemical industry, highlighting potential recovery in polyester profitability and favorable conditions for leading refining companies [15]. Core Views - IEA has raised its crude oil production forecast, while OPEC's production has significantly increased, indicating a continued oversupply in the market despite low demand [3][12]. - The upstream sector is experiencing a decline in oil prices, but day rates for self-elevating drilling rigs are on the rise, suggesting a potential for increased profitability in oil services [18]. - The refining sector is facing mixed results, with overseas refined oil crack spreads declining, while olefin price spreads show variability [49]. Summary by Sections Upstream Sector - Brent crude oil prices fell to $61.29 per barrel, a decrease of 2.30% week-on-week, while WTI prices also saw a similar decline [18]. - As of October 10, U.S. commercial crude oil inventories increased by 3.524 million barrels, indicating a growing supply [20]. - The number of U.S. drilling rigs remained stable at 548, with a slight increase of 1 rig from the previous week [31]. Refining Sector - The Singapore refining margin for major products decreased to $19.58 per barrel, down by $0.47 from the previous week [51]. - The U.S. gasoline RBOB-WTI spread increased to $17.19 per barrel, reflecting a slight upward trend despite historical averages being higher [56]. Investment Recommendations - The report suggests focusing on leading polyester companies such as Tongkun Co. and Wankai New Materials due to expected recovery in profitability [15]. - It also recommends high-quality refining companies like Hengli Petrochemical and Sinopec, anticipating improved competitive dynamics in the refining sector [15]. - For upstream exploration and development, companies like CNOOC and China National Petroleum are highlighted for their resilience against declining oil prices [15].
油价承压下,纯苯苯乙烯延续偏弱运行
Tong Hui Qi Huo· 2025-10-20 06:11
能源化工 纯苯&苯乙烯日报 通惠期货•研发产品系列 2025 年 10 月 20 日 星期一 油价承压下,纯苯苯乙烯延续偏弱运行 一、 日度市场总结 通惠期货研发部 (1)基本面 价格:10 月 17 日苯乙烯主力合约收跌 1.77%,报 6483 元/吨,基 差 12(+77 元/吨);纯苯主力合约收跌 1.38%,报 5566 元/吨。 成本:10 月 17 日布油主力收盘 57.0 美元/桶(-0.9 美元/桶), WTI 原油主力合约收盘 61.1 美元/桶(-0.8 美元/桶),华东纯苯现货报 价 5585 元/吨(-100/吨)。 苯乙烯港口库存 19.7 万吨(-0.5 万吨),环比去库 2.7%,苯乙烯 进一步累库。纯苯港口库存 9.0 万吨(-0.1 万吨),环比去库 1.1%。 供应:苯乙烯开工率及供应环比小幅回落。目前,苯乙烯周产量 33.9 万吨(-0.8 万吨),工厂产能利用率 71.9%(-1.7%)。 需求:下游 3S 开工率整体需求回暖,EPS 产能利用率 62.5% (+21.8%),ABS 产能利用率 73.1%(+0.6%),PS 产能利用率 53.8%(- 0.8%)。 ...
【图】2025年1-6月海南省原油加工量数据分析
Chan Ye Diao Yan Wang· 2025-10-20 05:55
摘要:【图】2025年1-6月海南省原油加工量数据分析 2025年1-6月原油加工量分析: 据国家统计局数据,在2025年的前6个月,海南省规模以上工业企业原油加工量累计达到了773.6万吨, 与2024年同期的数据相比,增长了34.1%,增速较2024年同期高36.4个百分点,增速较同期全国高32.5 个百分点,约占同期全国规模以上企业原油加工量36161.3万吨的比重为2.1%。 图表:海南省原油加工量分月(累计值)统计 2025年6月原油加工量分析: 单独看2025年6月份,海南省规模以上工业企业原油加工量达到了136.9万吨,与2024年同期的数据相 比,6月份的原油加工量增长了36.8%,增速较2024年同期高46.3个百分点,增速较同期全国高28.3个百 分点,约占同期全国规模以上企业原油加工量6224.5万吨的比重为2.2%。 图表:海南省原油加工量分月(当月值)统计 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。 产业调研网为您提供更多 石油化工行业最新动态 石油的现状和发展趋势 化工行业现状与发展趋势 日化市场现状及前景分析润滑油市场 ...
【图】2025年1-6月辽宁省液化石油气产量统计分析
Chan Ye Diao Yan Wang· 2025-10-20 04:43
摘要:【图】2025年1-6月辽宁省液化石油气产量统计分析 2025年6月液化石油气产量统计: 2025年1-6月液化石油气产量统计: 液化石油气产量:174.8 万吨 液化石油气产量:28.7 万吨 同比增长:17.5% 增速较上一年同期变化:高19.7个百分点 据统计,2025年6月辽宁省规模以上工业企业液化石油气产量与上年同期相比增长了17.5%,达28.7万 吨,增速较上一年同期高19.7个百分点,增速较同期全国高22.0个百分点,约占同期全国规模以上企业 液化石油气产量435.9万吨的比重为6.6%。 详见下图: 图1:辽宁省液化石油气产量分月(当月值)统计图 同比增长:12.8% 增速较上一年同期变化:高8.9个百分点 据统计,2025年1-6月,辽宁省规模以上工业企业液化石油气产量与上年同期相比增长了12.8%,达 174.8万吨,增速较上一年同期高8.9个百分点,继续保持增长,增速较同期全国高15.4个百分点,约占 同期全国规模以上企业液化石油气产量2625.9万吨的比重为6.7%。详见下图: 图2:辽宁省液化石油气产量分月(累计值)统计图 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 ...