智通财经APP获悉，1月6日，国家发改委发布，根据2026年1月6日的前10个工作日平均价格与2025年12 月22日前10个工作日平均价格对比情况，按照现行成品油价格机制，本次国内汽、柴油价格不作调整。 本文编选自：国家发展改革委微信公众号；智通财经编辑：陈筱亦。 ...

Core Viewpoint - The Guangxi Petrochemical Integration Project has successfully transitioned from a "fuel-type" to a "chemical material-type" operation with the commissioning of China's first epoxy propylene-styrene (POSM) co-production unit, marking a significant milestone in the industry [1]. Group 1: Project Overview - The POSM unit is a critical component of the petrochemical chain, featuring 35 towers, 21 reactors, and over 400 rotating devices, covering an area larger than that of an ethylene unit [2]. - The project was completed in 24 months, setting a new domestic record for similar installations, with a full process integration achieved in just 48 hours [1][2]. Group 2: Technical Challenges and Solutions - The waste alkali incinerator posed significant operational challenges, often leading to reduced efficiency in similar domestic units [2]. - A dedicated technical research team conducted in-depth investigations into existing units that faced issues, transforming identified risks into stringent technical requirements for suppliers [2]. Group 3: Engineering Innovations - The project team implemented an "surgical" optimization plan for the installation of two large oxidation reactors, which are crucial for the unit's operation, allowing for better space management and time savings [4][5]. - The transportation of these reactors faced logistical challenges, including low water levels and adverse weather, but the team successfully coordinated efforts to ensure timely delivery [5]. Group 4: Team Dynamics and Performance - The project was executed by a young and resilient team of fewer than 20 core members, all with 10 to 15 years of experience, emphasizing a collaborative problem-solving approach [7]. - The team managed to adapt to significant design changes during peak periods, demonstrating flexibility and commitment to project goals [7]. Group 5: Operational Success - The POSM unit has been in stable operation for over two months, producing high-quality products that meet leading domestic performance indicators [7]. - The project is now recognized as an industry benchmark not only for construction speed but also for operational efficiency, environmental performance, and product quality [7].

| 石油化工 | 基本金属 | 保障 | | 券商 | | --- | --- | --- | --- | --- | | 4.48% | 3.42% | 3.41% | | 3.39% | | | 化工原料 | 工程机械 | 能源设备 | 多元金融 | | 贵金属 | 2.99% | 1.92% | 1.90% | 1.87% | | 4.46% | | 煤炭 | 综合类 | 包装 | | | 六合体 | 1.76% | 1.56% | 1.41% | | | 2.22% | | 精细化工 | 医疗保健 | | 化肥农药 | | 房地产 | 1.41% | 1.31% | | 3.65% | 石油天然气 | 1.62% | 贸易 | 互联网 | | | 1.93% | | 1.39% | 1.25% | | 环保 零售 0.40% | 工业机械 0.26% | 日用化工 0.10% | 通信设备 | | | | | | -1.08% | | | 制药 水务 | 银行 | 燃气 | | | | 0.34% | 0.25% | 0.05% | | | | 公路 | 办公用品 | 休闲用品 | 林木 -1.33% ...

Core Viewpoint - Liaohe Petrochemical Company has successfully completed the upgrade and replacement of 847 high-energy-consuming motors, which is expected to save 11.67 million kWh of electricity annually and reduce carbon dioxide emissions by approximately 6,800 tons [1] Group 1: Energy Efficiency and Environmental Impact - The upgraded motors are projected to save 7 million yuan in electricity costs annually [1] - Motors account for over 60% of total energy consumption in industrial production [1] - The company aims to complete the elimination of 847 high-energy-consuming motors by 2025 [1] Group 2: Project Management and Execution - A dedicated task force was established, comprising departments such as mechanical equipment, production operations, and material procurement, to manage the project [1] - A "daily reporting and weekly coordination" mechanism was implemented to ensure precise scheduling and accountability [1] - The company addressed 33 typical issues through a categorized "issue resolution list" to ensure a closed-loop rectification process [1] Group 3: Operational Improvements - The company adopted a phased operation model, completing the acceptance of 950 motors and installation of 887 motors ahead of schedule by 30 days [1] - The average operational noise of the new motors has decreased by 3 to 5 decibels, and the failure rate has dropped by over 60% compared to before the upgrade [1] - Expected reductions in equipment maintenance and downtime losses are estimated to be an additional 2 million yuan [1]

燃料油日报 | 2026-01-06 上期所燃料油期货主力合约日盘收跌1.18%，报2427元/吨；INE低硫燃料油期货主力合约日盘收跌2.2%，报2891 元/吨。 元旦假期期间委内瑞拉局势升级，但对原油市场直接影响有限，油价维持弱势震荡态势，对FU、LU单边价格形成 压制。 就燃料油自身基本面而言，当前市场多空因素交织，整体驱动有限。其中，高硫燃料油裂解价差与贴水下跌后， 带动炼厂端需求边际改善，中国高硫燃料油进口量近期有所回升。如果委油断供问题持续，可能会导致国内地炼 增加燃料油采购需求。不过目前来看，高硫燃料油货源依然较为充裕，市场暂无紧缺预期。 低硫燃料油方面，由于装置检修状态的变动（阿祖尔和Dangote），科威特与尼日利亚地区供应存在回升预期。但 汽柴油溢价会通过RFCC装置对低硫油组分进行分流，市场压力暂有限。 高硫方面：短期中性，中性偏空 低硫方面：短期中性，中性偏空 跨品种：无 跨期：无 期现：无 期权：无 风险 原油端弱势延续，关注炼厂端需求潜在增量 市场分析 策略 2026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 宏观风险、关税风险、制裁风险、原油价格大幅波动等、 ...

Report Summary 1) Report Industry Investment Rating - Single side: Neutral, mainly wait - and - see in the short term; No suggestions for inter - period, cross - variety, spot - futures, and options strategies [2] 2) Core View of the Report - The LPG market currently shows a pattern of "strong overseas and weak domestic". Although overseas supply has tightened marginally recently and the external market price is relatively firm, the domestic market's reaction is limited. The price inversion of ether - after carbon four and civil gas suppresses the PG futures market. The game between warehouse receipts and delivery also disturbs the market. In the short term, the fundamentals of LPG have both positive and negative factors, and in the medium term, the overseas supply is expected to increase, with a supply - surplus global balance sheet, so there is still resistance above the market [1] 3) Summary According to Related Content Market Analysis - On January 5th, the regional prices were as follows: Shandong market 4380 - 4430 yuan/ton, Northeast market 3960 - 4200 yuan/ton, North China market 4000 - 4400 yuan/ton, East China market 4250 - 4450 yuan/ton, Yangtze River market 4700 - 4900 yuan/ton, Northwest market 4200 - 4350 yuan/ton, South China market 4800 - 4900 yuan/ton [1] - In the first half of February 2026, the CIF prices of propane and butane in East China were 597 dollars/ton and 592 dollars/ton respectively, up 2 dollars/ton, equivalent to 4616 yuan/ton and 4577 yuan/ton in RMB, up 12 yuan/ton. In South China, the CIF prices of propane and butane were 589 dollars/ton and 584 dollars/ton respectively, up 2 dollars/ton, equivalent to 4554 yuan/ton and 4515 yuan/ton in RMB, up 12 yuan/ton and 11 yuan/ton [1] - The spot prices of LPG in Shandong, East China, and South China rose yesterday, and the market atmosphere was fair. The short - term fundamentals of LPG have both positive and negative factors, and in the medium term, the overseas supply is expected to increase, with a supply - surplus global balance sheet [1] Strategy - Single side: Neutral, mainly wait - and - see in the short term; no suggestions for inter - period, cross - variety, spot - futures, and options strategies [2]

（中央纪委国家监委驻中国石化纪检监察组、内蒙古自治区纪委监委） 索比光伏网 https://news.solarbe.com/202601/06/50016192.html 中央纪委国家监委网站讯 据中央纪委国家监委驻中国石化纪检监察组、内蒙古自治区纪委监委消息：中国石化销售股份有限公司河北石油分公司原总经 理陈伟涉嫌严重违纪违法，目前正接受中央纪委国家监委驻中国石化纪检监察组纪律审查和内蒙古自治区赤峰市监察委员会监察调查。 ...

Group 1 - The core viewpoint of the news is that the petrochemical industry is experiencing a strong upward trend, with the Zhongzheng Petrochemical Industry Index rising by 2.58% and significant inflows into the Petrochemical ETF, indicating positive market sentiment and potential investment opportunities [1][2] - The Petrochemical ETF has seen a total inflow of 24.46 million yuan over the past 8 trading days, reaching a new high of 246 million yuan in total scale, reflecting increased investor interest [1][2] - The Petrochemical ETF has achieved a net value increase of 43.18% over the past two years, with a maximum single-month return of 15.86% since its inception, showcasing strong performance metrics [1][2] Group 2 - A new round of national subsidies amounting to 62.5 billion yuan has been initiated, aimed at supporting the replacement of consumer goods and equipment upgrades, which is expected to positively impact demand in the petrochemical sector [2] - The top ten weighted stocks in the Zhongzheng Petrochemical Industry Index account for 56.73% of the index, with leading companies such as Wanhua Chemical, China Petroleum, and China Petrochemical being key contributors to the index's performance [2][4] - The petrochemical industry is anticipated to benefit from improved demand in downstream sectors such as consumer goods, home appliances, automobiles, and real estate, driven by supportive policies [2]

Core Viewpoint - Domestic petroleum asphalt futures experienced a significant increase, with the main contract BU2602 rising by 3.95% as of the afternoon close [7][8]. Group 1: Market Drivers - The primary driver for the price surge was the U.S. airstrike on Venezuela and the control of President Maduro, which heightened market concerns over asphalt raw materials and led to an increase in asphalt dilution spreads [8]. - Venezuelan Merey crude oil, which accounts for approximately 40% of domestic asphalt production, is facing supply issues, causing market sentiment to rise and spot prices to rebound significantly, resonating with the futures market [8]. Group 2: Future Outlook - Although the situation in Venezuela remains uncertain, the U.S. control over President Maduro suggests that oil logistics to Asia from Venezuela are likely to remain disrupted, with no shipments expected to Asia after mid-December [8]. - The recent adjustments in U.S. national strategy may lead to increased influence and military presence in South America, indicating that Venezuelan oil resources could be more tightly controlled by the U.S., which may tighten the supply of Merey crude oil and elevate the cost base for asphalt [8]. - The current fundamentals of asphalt suggest that there are opportunities to buy on dips and consider positive spreads, but caution is advised against excessive chasing of prices [3][8].

行业 沥青日报 日期 2026 年 1 月 6 日 021-60635738 lijie@ccb.ccbfutures.com 期货从业资格号：F3031215 021-60635737 renjunchi@ccb.ccbfutures.com 期货从业资格号：F3037892 028-8663 0631 penghaozhou@ccb.ccbfutures.com 期货从业资格号：F3065843 021-60635740 pengjinglin@ccb.ccbfutures.com 期货从业资格号：F3075681 021-60635570 liuyouran@ccb.ccbfutures.com 期货从业资格号：F03094925 期货从业资格号：F3015157 021-60635727 fengzeren@ccb.ccbfutures.com 期货从业资格号：F03134307 二、 行业要闻 能源化工研究团队 研究员：李捷,CFA（原油沥青） 研究员：任俊弛（PTA、MEG） 研究员：彭浩洲（碳市场工业硅） 研究员：彭婧霖（聚烯烃） 研究员：刘悠然（纸浆） 研究员：冯泽仁（玻璃纯碱） 请阅读正文后 ...