格隆汇12月15日丨中国石油化工股份(00386.HK)发布公告，2025年12月15日耗资330.6万港元回购76.4万 股，回购价格每股4.28-4.39港元。 ...

中国质量新闻网讯 据山东省市场监督管理局网站消息，近日，山东省市场监督管理局公布2025年液化石油气产品质量省级监督抽查结果。2025年第2批产品 质量省级监督抽查共抽查生产环节液化石油气产品50批次。 本次抽查依据GB 11174-201《液化石油气》、SH/T 0553-1993《工业丙烷、丁烷》等标准的要求，对液化石油气产品的气味、密度、蒸气压、组分、残留 物、铜片腐蚀、总硫含量、硫化氢、游离水等项目进行了检验。 抽查未发现不合格项目。 | | | | 2025年液化石油气产品质量省级监督抽查合格情况汇总表 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 序 | 产品 | 抽查 | | | | 生产日期或批 | 规格型 | 商 | 抽 查 | | 备 | | 号 | 名称 | 企业名称 环节 | | 统一社会信用代码 | 标称生产企业名称 | 号 | 号 | 标 | 结 | 承检单位 | 注 | | | | | | | | | | | 果 | | | | 1 工业 ...

Group 1 - The Shandong Provincial Market Supervision Administration conducted a quality supervision inspection of 72 batches of diesel fuel products for vehicles in 2025, with 33 batches from the production stage and 39 from the sales stage [3][4] - The inspection evaluated various parameters including density, total pollutant content, ash content, fatty acid methyl ester content, cetane number, flash point, acidity, cloud point, distillation range, kinematic viscosity, cold filter plugging point, copper strip corrosion, oxidation stability, 10% residue carbon, polycyclic aromatic hydrocarbons content, lubricity, corrected wear scar diameter, sulfur content, cetane index, and water content [3] - Three batches of products from three sellers, including Dongying Liyou Petrochemical Co., Taian Shankou Petroleum Standard Tank Station, and Tengzhou Yangzhuang Town Agricultural Machinery Gas Station, were found non-compliant with standards, specifically regarding cetane number, flash point, and lubricity [3][4] Group 2 - The Shandong Provincial Market Supervision Administration has instructed relevant market supervision departments to handle the non-compliance results according to the Product Quality Law of the People's Republic of China and related regulations [4] - The inspection results included a summary table of non-compliant products, detailing the names of the products, enterprises, and specific non-compliance items [5][6] - A total of 72 batches were inspected, with specific details on compliant and non-compliant products provided in the summary tables [5][6][7]

Core Insights - The "Five Advances" health care service plan has been implemented at the headquarters of China Petroleum & Chemical Corporation (Sinopec), providing various health services to employees during the first snowfall of winter in Beijing [1][3]. Group 1: Health Services Offered - The "Five Advances" plan includes health lifestyle experiences, health screenings, and health consultations tailored to the health needs of Sinopec employees [1]. - A special "Famous Doctor Health Consultation" session was organized, featuring specialists from Peking Union Medical College Hospital who provided one-on-one health advice to employees [2]. Group 2: Future Initiatives - The "Five Advances" plan will continue to collaborate with central authorities, local governments, large enterprises, and authoritative social organizations to promote health services [2]. - The initiative aims to enhance public health awareness and improve the overall health and happiness of the community by engaging in various educational activities across different sectors [2].

Economic Overview - Domestic consumption remains weak, with overall commodity consumption showing poor performance and automotive sales cooling down[4] - Infrastructure investment continues to slow, with new housing transactions marginally declining[4] - M1 growth rate fell to 4.9% in November, down from 6.2% in the previous month, indicating a tightening liquidity environment[11] Market Trends - Global risk appetite is cooling, with precious metals outperforming other asset classes; gold prices increased by 2.2%[5] - Emerging market stocks rose by 1.0%, while developed market stocks saw a slight decline of 0.3%[5] - The Shanghai Composite Index rose by 0.3%, while the Hang Seng Index increased by 0.2%[5] Sector Insights - The automotive sector is expected to see heavy truck sales reach 720,000 units in 2026, with overall wholesale sales projected at 1.09 million units, a year-on-year decrease of 3%[39] - Steel production decreased to 8.06 million tons, down 2.83% week-on-week, while total inventory fell by 33.5% to 13.32 million tons[41] Policy and Strategy - The central government emphasizes the need for proactive fiscal policies to stabilize investment and consumption, with a focus on boosting domestic demand[30] - The upcoming economic policies are expected to support sectors like technology, energy, and consumption, with a particular focus on AI applications and green energy initiatives[19]

一周观点 总量研究 本周观点 | 总量研究 2 | | --- | | 本周观点 2 | | 重点报告 2 | | 行业研究 4 | | 本周观点 4 | | 重点报告 5 | | 公司研究 6 | | 重点报告 6 | | 重点报告摘要 7 | | 总量研究 7 | | 行业研究 10 | | 公司研究 12 | | 领域 | 一周观点 | 分析师 | | --- | --- | --- | | | 新一轮政策部署护航，A 股跨年行情可期。一方面，未来国内经济政策有望持续发力，经济增 | | | | 长有望保持在合理区间，进一步夯实资本市场繁荣发展的基础；另一方面，政策红利释放，有 | | | 策略 | 望提振市场信心，进一步吸引各类资金积极流入；此外，历史来看，"十三五"和"十四五" | 张宇生 | | | 开局之年 A 股市场均有不错的表现，历史上开局之年的积极表现有望在 2026 年得到延续。 | | | | 本周国内权益市场指数普遍上涨，创业板指上涨 1.86%,周期主题基金表现占优，消费、医药 | | | 金工 | 主题基金净值回调。国内市场新成立基金 39 只，合计发行份额为 365.89 亿份 ...

摘要：【图】2025年1-9月福建省燃料油产量数据分析 2025年9月燃料油产量统计： 燃料油产量：5.2 万吨 同比增长：-12.9% 增速较上一年同期变化：高1.2个百分点 据统计，2025年9月福建省规模以上工业企业燃料油产量与上年同期相比下降了12.9%，达5.2万吨，增 速较上一年同期高1.2个百分点，增速较同期全国低11.0个百分点，约占同期全国规模以上企业燃料油产 量359.4万吨的比重为1.4%。 详见下图： 图1：福建省燃料油产量分月（当月值）统计图 2025年1-9月燃料油产量统计： 同比增长：-19.2% 增速较上一年同期变化：高2.0个百分点 据统计，2025年1－9月，福建省规模以上工业企业燃料油产量与上年同期相比下降了19.2%，达44.5万 吨，增速较上一年同期高2.0个百分点，增速较同期全国低16.2个百分点，约占同期全国规模以上企业燃 料油产量3197.7万吨的比重为1.4%。详见下图： 图2：福建省燃料油产量分月（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 燃料油产量：44 ...

Core Insights - The article highlights a significant technological innovation in the DCS team of China Petroleum's Daqing Petrochemical Equipment Maintenance Center, which has improved operational efficiency and precision in equipment calibration [1][3][4] Group 1: Technological Innovation - The DCS team has developed a new portable intelligent function generator weighing only 0.5 kg, which replaces the previous calibration equipment that weighed over 10 kg [3] - This new device allows for precise signal output and can replace two older calibration instruments, enhancing operational efficiency by over 50% [3][4] Group 2: Operational Efficiency - The implementation of the new function generator has freed up team members from routine tasks, enabling them to focus more on equipment maintenance and detailed management [4] - The innovation has established a new path for achieving intelligent operation and maintenance within the DCS team, ensuring stable long-term operation of the equipment [4]

纯苯苯乙烯产业链期货周报 研究员：隋斐 期货从业证号：F3019741 投资咨询证号：Z0017025 第二章 核心逻辑分析 4 第一章 综合分析与交易策略 2 第三章 周度数据追踪 17 GALAXY FUTURES 1 综合分析与交易策略 【综合分析-纯苯】 【交易策略】 单边：震荡偏弱，逢高做空 套利：空纯苯多苯乙烯 目录 目录 | 第一章 第一章 | 综合分析与交易策略 综合分析与交易策略 | 2 2 | | --- | --- | --- | | 第二章 第二章 | 核心逻辑分析 核心逻辑分析 | 8 4 | | 第三章 | 周度数据追踪 | 16 | 裂解价差回落 汽油库存上升 调油热度减退 GALAXY FUTURES 3 单位：百万桶 美国汽油裂解价差 美国汽油库存 单位：美元/桶 200 210 220 230 240 250 260 270 1/1 2/1 3/1 4/1 5/1 6/1 7/1 8/1 9/1 10/1 11/1 12/1 2019 2020 2021 2022 2023 2024 2025 0 10 20 30 40 50 60 70 1/1 2/1 3/1 4/1 5 ...

Group 1 - The market showed mixed fluctuations in the early session, with sectors like petrochemicals and banks being locally active, driving the value style upward [1] - As of the midday close, the Guozheng Value 100 Index rose by 0.4%, while the Guozheng Free Cash Flow Index increased by 0.04%, and the Guozheng Growth 100 Index fell by 1.3% [1] - Related products saw increased capital inflow, with the Value ETF (159263) recording a net subscription of nearly 100 million units in half a day [1] Group 2 - The Guozheng Value 100 Index employs a three-dimensional screening system based on "high dividends + high free cash flow + low price-to-earnings ratio" to select value stocks, demonstrating stable historical performance [1] - The Value ETF (159263) tracks this index, providing investors with opportunities to capitalize on value style investments [1]