Group 1: Strategic Positioning - Shandong Energy Group aims to position Qixiang Tengda as a key player in the petrochemical sector, focusing on high-end chemical and new materials development [1] - The strategic framework includes a "3+1" business system, emphasizing coal, electricity, new energy, high-end chemicals, and strategic mineral resources [1] Group 2: Implementation Directions - The company plans to extend its industrial chain towards downstream new materials, focusing on carbon three and carbon four chains, including products like alcohols, esters, and specialized chemicals [2] - A new R&D center will support the development of high-value fine chemical products, transitioning from basic industrial raw materials to high-end fine chemicals [2] - Mergers and acquisitions will be utilized for rapid industrial chain integration [2] Group 3: Current Profitability - Key profitable products include tert-butanol, isobutylene, acetone, acrylic acid, and rubber [2] - The company experienced a year-on-year decline in performance due to weak downstream demand but anticipates recovery with easing trade tensions and falling raw material prices [2] Group 4: Export Performance - In Q1, the company exported 154,100 tons of products, generating $11.2 million in foreign exchange, indicating sustained growth [2] - Major export regions include East Asia, Southeast Asia, West Asia, Europe, and South America, with flexible adjustments to export volumes based on domestic and international price differences [2]

地缘风险引发成本端油价上行，PX、PTA短线获得支撑 通惠期货研发部 李英杰 从业编号：F03115367 投资咨询：Z0019145 手机：18516056442 liyingjie@thqh.com.cn 成本端，05月20日，布油主力合约收盘65.48美元/桶。WTI收62.15美元/ 桶。 需求端，05月20日，轻纺城成交总量为748.0万米，15 日平均成交为 987.53万米。 供应端，PX：中海油惠州150万吨3月29日检修50天左右，扬子石化重整检 修至5月上旬，PX有降负预期，天津石化PX计划6-7月份检修，海南炼化计 划4-5月检修，浙石化250万吨装置已重启，盛虹炼化400万吨原计划4月检 修，目前推迟至5月。PX国内装置开工率为73%，亚洲开工率为67.9%。 PTA：台化兴业150万吨5月6日检修，逸盛大连225万吨计划4月26日检修6 周，另375万吨4月21日重启。嘉兴石化150万吨计划5月中检修10天左右， 中泰石化120万吨计划5月中上复产。PTA开工率在75.6%附近。聚酯开工率 在94.2%附近。 据美国情报部门，以色列正准备袭击伊朗核设施，原油价 格快速冲高，短线重点关 ...

Group 1 - The event held in Ganzhou focused on "Measurement Testing Promoting Industrial Innovation Development," attended by over 100 representatives from various sectors including state-owned enterprises [1] - Experts discussed the role of measurement in the national economy, the "dual carbon" measurement system, and industrial measurement services, emphasizing measurement as a core element in the digital transformation of industries [1] - The importance of establishing a scientific and comprehensive carbon measurement technology system was highlighted, along with the need for collaborative development of theory, measurement technology, and standard setting in the "dual carbon" context [1] Group 2 - Participants expressed that the lecture enhanced societal awareness of the importance of measurement work, guiding improvements in measurement system construction and management levels [2] - The event aimed to strengthen energy measurement data management and promote the application of measurement testing results, contributing to the modernization of Jiangxi [2] - The discussions encouraged enterprises to recognize the significance of measurement work, leading to better management systems and technological innovation [2]

单独看2025年3月份，河北省规模以上工业企业汽油产量达到了67.1万吨，与2024年同期的数据相比，3 月份的产量增长了4.4%，增速较2024年同期低12.7个百分点，增速放缓，增速较同期全国高10.5个百分 点，约占同期全国规模以上企业汽油产量1322万吨的比重为5.1%。 摘要：【图】2025年1-3月河北省汽油产量统计分析 2025年1-3月汽油产量分析： 据国家统计局数据，在2025年的前3个月，河北省规模以上工业企业汽油产量累计达到了187.3万吨，与 2024年同期的数据相比，增长了4.7%，增速较2024年同期低18.1个百分点，增速放缓，增速较同期全国 高9.8个百分点，约占同期全国规模以上企业汽油产量3905.3万吨的比重为4.8%。 图表：河北省汽油产量分月（累计值）统计 2025年3月汽油产量分析： 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。 产业调研网为您提供更多 石油化工行业最新动态 石油未来发展趋势预测 化工现状及发展前景 日化发展前景趋势分析 润滑油的现状和发展趋势 汽油行业现状与发展趋势 柴油市场现状及前景分析 ...

Group 1 - The domestic energy chemical sector showed positive performance on May 20, with fuel oil futures experiencing fluctuations and a price increase of 1.91% [1] - Japan's commercial aviation fuel inventory decreased to 750,500 kiloliters as of May 17, down from 761,400 kiloliters, indicating a reduction of 10,912 kiloliters [1] - Egypt's state-owned oil company announced a demand for 2 million tons of fuel oil for delivery in May and June, which, if fulfilled, would exceed seasonal levels [1] Group 2 - Southwest Futures noted that global trade demand is recovering, leading to a stronger fuel oil price after tax friction agreements are signed, supported by declining inventories in ARA, Singapore, and Fujairah [1] - According to Ruida Futures, the U.S. Treasury market instability may increase uncertainty, and geopolitical tensions, including potential Israeli strikes on Iran, could impact oil prices [2] - The fuel oil market is experiencing cautious procurement from downstream sectors, with a slight improvement in trading atmosphere [2]

Core Viewpoint - The collaboration between Jinling Petrochemical and Tianga Energy on the distributed low-temperature waste heat ORC power generation project demonstrates significant economic and environmental benefits, positioning it as a model for green development and energy conservation in the industry [1][2]. Group 1: Project Overview - The ORC power generation technology from Tianga Energy is designed based on aviation engine principles, ensuring reliable and stable long-term operation of the units [1]. - The ORC units are compact, explosion-proof, and can be flexibly arranged, reducing construction time and energy transmission losses [1]. - Since the grid connection on April 18, the average net power generation of Jinling Petrochemical's ORC units has exceeded 250 kW, resulting in an annual net power generation of over 2.1 million kWh [1]. Group 2: Economic and Environmental Impact - The project is estimated to save over 1.3 million yuan in electricity costs annually and reduce carbon dioxide emissions by 1,197 tons [1]. - The static investment payback period for the project is approximately 2.5 years, indicating significant economic benefits alongside environmental advantages [2]. - Jinling Petrochemical has invested a total of 4.7 billion yuan over the past decade in safety and environmental initiatives, with plans to enhance collaboration with Tianga Energy for more energy-saving and carbon-reducing projects [2].

摘要：【图】2025年3月广西壮族自治区燃料油产量数据 2025年3月燃料油产量统计： 燃料油产量：4.9 万吨 同比增长：-39.5% 同比增长：-56.5% 增速较上一年同期变化：低88.4个百分点 据统计，2025年1－3月，广西壮族自治区规模以上工业企业燃料油产量与上年同期相比下降了56.5%， 达11.2万吨，增速较上一年同期低88.4个百分点，增速较同期全国低46.7个百分点，约占同期全国规模 以上企业燃料油产量1084万吨的比重为1.0%。详见下图： 图2：广西壮族自治区燃料油产量分月（累计值）统计图 增速较上一年同期变化：低72.5个百分点 据统计，2025年3月广西壮族自治区规模以上工业企业燃料油产量与上年同期相比下降了39.5%，达4.9 万吨，增速较上一年同期低72.5个百分点，增速较同期全国低37.8个百分点，约占同期全国规模以上企 业燃料油产量390.4万吨的比重为1.3%。 详见下图： 图1：广西壮族自治区燃料油产量分月（当月值）统计图 2025年1-3月燃料油产量统计： 燃料油产量：11.2 万吨 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 ...

| | PX&PTA&PR | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 2025/5/21 | 品种 | 更新日期 | 单位 | 现值 | 前值 | | | | 期货结算价(连续):WTI原油 期货结算价(连续):布伦特原油 | 2025/5/20 2025/5/20 | 美元/桶 美元/桶 | 62.03 65.38 | 62.69 65.54 | 涨跌(幅) -1.05% -0.24% | | 上 游 | 现货价(中间价):石脑油:CFR日本 | 2025/5/20 | 美元/吨 | 569.63 | 569.38 | 0.04% | | | 现货价(中间价):二甲苯(异构级):FOB韩国2025/5/20 | | 美元/吨 | 699.00 | 709.50 | -1.48% | | | 现货价:对二甲苯PX:CFR中国主港 | 2025/5/20 | 美元/吨 | 828.00 | 840.67 | -1.51% | | | CZCE TA 主力合约 收盘价 | 2025/5/20 | 元/吨 | 4732.00 | 4776.0 ...

| 燃料油早报 | | | --- | --- | | | 研究中心能化团队 2025/05/21 | | 燃 料 油 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 日期 | 鹿特丹3.5% HSF | 鹿特丹0.5% VLS | 鹿特丹HSFO-Br | 鹿特丹10ppm G | 鹿特丹VLSFO-G | LGO-Brent M1 | 鹿特丹VLSFO-H | | | O掉期 M1 | FO掉期 M1 | ent M1 | asoil掉期 M1 | O M1 | | SFO M1 | | 2025/05/14 | 406.15 | 451.49 | -1.58 | 606.04 | -154.55 | 17.57 | 45.34 | | 2025/05/15 | 399.03 | 442.66 | -0.90 | 598.55 | -155.89 | 18.05 | 43.63 | | 2025/05/16 | 402.97 | 447.36 | -1.01 | 595.17 | -147.81 | 16.77 | 4 ...

石油沥青日报 | 2025-05-21 主营炼厂上调价格，终端需求改善有限 市场分析 1、5月20日沥青期货下午盘收盘行情：主力BU2507合约下午收盘价3510元/吨，较昨日结算价上涨15元/吨，涨幅 0.43%；持仓168910手，环比下降1182手，成交133528手，环比上涨9154手。 2、卓创资讯重交沥青现货结算价：东北，3700—4086元/吨；山东，3450—3600元/吨；华南，3400—3430元/吨； 华东，3500—3590元/吨。 风险 原油价格大幅波动、宏观风险、海外原料供应风险、沥青终端需求变动、装置开工负荷变动等 2025年期货市场研究报告 第1页 请仔细阅读本报告最后一页的免责声明 昨日山东以及川渝地区沥青现货价格出现上涨，其余地区沥青现货价格大体企稳。部分主营炼厂上调结算价格， 对市场情绪形成一定提振。目前供应增量有限，库存处于低位区间，市场下方存在支撑。但另一方面，消费端改 善幅度仍不足，尤其降雨天气增加将限制项目施工及终端需求，并制约市场的上行空间。 策略 单边：震荡 跨期：无 跨品种：无 期现：无 期权：无 | 图1：山东重交沥青现货价格 | 单位：元/吨 3 | | ...