华鑫证券近日发布化学制品研究报告：合成氨上涨8.58%，锂电池电解液上涨5.71%，苯 胺上涨3.90%，无水氢氟酸上涨3.80%。截至9月26日收盘，布伦特原油价格为70.13美元/ 桶，较上周上涨5.17%；WTI原油价格为65.72美元/桶，较上周上涨4.85%。预计2025年国际 油价中枢值将维持在65-70美金。 以下为研究报告摘要： 投资要点 合成氨、苯胺等涨幅居前，天然气、硫酸等跌幅较大本周涨幅较大的产品：合成氨（河 北金源，8.58%），锂电池电解液（全国均价/磷酸铁锂电解液，5.71%），苯胺（华东地 区，3.90%），无水氢氟酸（华东地区，3.80%），金属硅（云南金属硅3303，2.88%），萤 石粉-湿粉（华东地区，2.76%），DMF（华东，2.58%），涤纶工业丝（1000D/192F）（高 强型，2.35%），燃料油（新加坡高硫180cst（美元/吨)，2.22%），醋酸（华东地区， 2.07%）。 分子行业表现超预期，例如润滑油行业等。此外，建议重视草甘膦、化肥、进口替代、纯内 需、高股息资产等方向的投资机会。具体建议如下：首先是建议重视有望进入景气周期的草 甘膦行业。草甘膦行 ...

Core Viewpoint - The article discusses the growing demand for dual-clutch transmission fluid (DCTF) driven by the increasing penetration of dual-clutch transmissions in vehicles, alongside stringent fuel economy and carbon emission regulations globally [2][9]. Global Trends and Driving Factors - The market for dual-clutch transmission fluid is expanding due to the superior thermal management capabilities of dual-clutch transmissions, which enhances their market penetration [2]. - Stringent global fuel economy and carbon emission regulations are pushing for high-performance, low-viscosity DCTF products, leading to technological advancements and market growth [2]. - The global market for dual-clutch transmission fluid is projected to reach USD 703 million by 2031, with a compound annual growth rate (CAGR) of 3.2% in the coming years [2]. Competitive Landscape - The dual-clutch transmission fluid market is highly concentrated, dominated by major players such as ExxonMobil, Shell, and TotalEnergies, which hold approximately 67% of the market share [6][9]. - The leading companies leverage strong R&D capabilities and established relationships with major automotive manufacturers, creating significant technical barriers to entry for new competitors [2][9]. Product Segmentation - Wet dual-clutch transmission fluid is the dominant product type, accounting for about 70% of the market share [8][9]. - The market is segmented into various applications, including passenger vehicles and commercial vehicles [13]. Opportunities and Challenges - The rapid growth of hybrid vehicles, which often utilize dual-clutch technology, presents a significant opportunity for the dual-clutch transmission fluid market [11]. - Challenges include the impact of electric vehicles on traditional transmission markets, which may limit long-term demand growth [10]. - High-quality requirements for DCT fluids lead to substantial R&D and certification costs, posing barriers for new entrants [10]. Industry Development Insights - The increasing awareness of vehicle maintenance and the growing automotive ownership in emerging markets like Asia-Pacific are expected to drive stable growth in the aftermarket for dual-clutch transmission fluid [11].

经济观察网 2025年9月29日起，润滑油品牌美孚1号参与上海新天地（301277）玩车节，在太平洋新天 地东台里街区设立品牌专属展区。该品牌以经典车型定制涂装、复古艺术装置及互动体验环节，呈现其 融合经典汽车文化与现代技术理念的品牌形象。 展区核心展品为采用美孚经典"红色飞马"涂装的经典车型，呼应本次新天地玩车节以"经典与未来"为主 题内核。美孚1号通过此次玩车节设置了互动体验环节，构建汽车文化爱好者交流平台，延伸其"从赛道 到公路"的技术传播理念。 公开资料显示，为适应2025年实施的ILSAC GF-7及API SQ新机油标准，其产品已完成技术升级。美孚1 号称，升级后的产品，在延续一贯优质性能的同时，在新规格中提升的活塞清洁性，燃油经济性，预防 低速早燃、磨损保护等指标中也表现优异，并成功挑战25,000公里换油周期。 本次亮相，美孚1号不仅在十一黄金周假期与OCR一同搭建了集汽车文化展示、体验与消费于一体的多 元场景，也为广大车主及消费者提供了一个彰显个性、寻求共鸣的汽车文化交流平台。 ...

每经AI快讯，有投资者在投资者互动平台提问：你好，请问贵司有销售润滑油吗？销量如何？ （文章来源：每日经济新闻） 潍柴动力（000338.SZ）9月28日在投资者互动平台表示，公司全资子公司山东欧润油品有限公司可销售 润滑油，本年度销量同比实现小幅增长。 ...

Core Viewpoint - BP's subsidiary Castrol is betting on the Chinese liquid cooling server market by launching an end-to-end liquid cooling solution aimed at enhancing the efficiency of data centers in China [1][4]. Group 1: Market Trends - The data center industry is facing significant energy consumption challenges, particularly with the rise of AI applications, leading to increased power demands from high-end GPU/AI chips, which have surged from approximately 500-700W to levels of 1000W and even 2000W [1][3]. - The power density of server cabinets has exceeded 50kW, with leading AI cabinets commonly reaching over 100kW, making liquid cooling the only viable solution for effective heat management beyond this threshold [1][3]. - The Chinese data center market is rapidly transitioning to liquid cooling, with IDC forecasting a market size of $2.37 billion in 2024, representing a 67% increase from 2023 [7]. Group 2: Technical Insights - Liquid cooling technology is seen as a major upgrade for data centers, addressing the need for improved energy efficiency and lower operational energy consumption, with PUE (Power Usage Effectiveness) being a critical metric [5][6]. - The cooling liquid is a unique medium that interacts with all components of the data center infrastructure, necessitating in-depth research and understanding of its properties, including material compatibility and lifecycle changes [4][6]. - Castrol emphasizes an end-to-end solution that integrates the entire system, addressing the complexities of liquid cooling deployment, operation, and retirement while ensuring compatibility with existing equipment [4][6]. Group 3: Financial Considerations - The cost structure of liquid cooling can be divided into CAPEX (capital expenditures) and OPEX (operational expenditures), with CAPEX covering design, hardware, and deployment, while OPEX benefits from reduced energy and maintenance costs due to improved efficiency [6]. - The company is investing heavily in compatibility testing for various chip and server types to ensure confidence among clients and facilitate the adoption of liquid cooling solutions [6]. Group 4: Strategic Importance of China - China is identified as a key strategic market for Castrol due to its competitive supply chain and partnerships with local firms like Inspur and Yixin Technology [7]. - The liquid cooling server market in China is projected to grow at a compound annual growth rate (CAGR) of 46.8% from 2024 to 2029, with the market size expected to reach $16.2 billion by 2029 [7].

统一石CEO化李嘉 中经记者 石健 北京报道 2025年9月23日，《中国经营报》主办的"绿色引领 重塑未来——2025中国企业可持续发展行动大会"在 北京举办。 统一股份（600506.SH）总经理、统一石油化工有限公司（以下简称"统一"）CEO李嘉在《ESG实践助 推企业高质量发展成就一个"都喜欢"未来》主题演讲中表示："ESG、低碳与业务战略并不是几件事， 而是一件事。统一通过5年实践，成功将低碳转型转化为企业增长新动能。" 其中，在ESG中的"E"环境方面，统一成为国内首批同时获得ISO 14064温室气体核查和ISO 14067产品 碳足迹双认证企业，所有厂区实现废气、废水、固废100%达标排放，创新性采用废油再精炼技术，实 现了资源高效利用和废气排放大幅降低。 对于穿越"痛苦曲线"，势必需要过硬的产品支撑。李嘉表示，统一将每一桶润滑油都算"树"。"欧洲环 境署数据显示，1棵成年树木每年可以吸收并储存22千克二氧化碳，假设我们每年销售1吨统一高压液压 油，那么1年下来可以减少1422千克的碳排放，换算下来，相当于种植64.6棵树木。" 值得注意的是，统一也着眼大数据业务，以期实现板块增长。作为数据中 ...

齐鲁晚报·齐鲁壹点 孔茜 通讯员 李文浩 工业是经济发展的"压舱石"，也是济宁高质量发展的核心引擎。2025年上半年，济宁工业经济延续强劲 态势，增速自开年以来持续保持两位数，以"稳中有进、进中提质"的态势为全年目标奠定坚实基础。这 一成绩的背后，是济宁坚持"实体经济为本、制造业当家"，以"一个万亿、五个倍增"为总纲，推动"链 长制"走深走实，全力打造"232"优势产业集群的战略定力与实践成效。 企业培优为梯 绘就企业登高蓝图 "链长制"为笔 在工业高质量发展的赛道上，企业培优是不可或缺的核心驱动力。在济宁，专精特新、单项冠军、瞪羚 企业组成的培育梯队正如雨后春笋般崛起，成为当地工业转型升级的鲜活注脚。浩珂科技、源根石化等 企业的硬核实践，更让这份"驱动力"愈发强劲。 位于济宁高新区的浩珂科技有限公司，凭借"以塑代钢"技术，不仅开创了"中国煤矿用高分子聚合材 料"这一全新行业，更摘得"国家制造业单项冠军企业"桂冠。 "一平方米仅有1000克的丝织网格，在矿山支护中可以替代钢丝网，成为煤矿综采工作面回撤环节的重 要一环。"浩珂科技有限公司研发负责人韩广东的话，道出了产品的突破价值。 更具颠覆性的是"以丝代钢"的 ...

Core Viewpoint - Yanzhou Coal Mining Company Limited proposes to spin off its subsidiary, Kason Technology, for listing on the National Equities Exchange and Quotations, focusing on the development, production, and sales of industrial lubricants and greases [1] Financial Summary - As of June 30, 2025, Kason Technology has total assets of 3.555 billion yuan, total liabilities of 1.492 billion yuan, and net assets of 2.063 billion yuan [1] - For the first half of 2025, Kason Technology reported revenue of 1.535 billion yuan and a net profit of 43.5512 million yuan [1] Corporate Structure - After the proposed spin-off, Kason Technology will continue to be a controlled subsidiary of Yanzhou Coal Mining Company Limited [1]

2025中国汽车越野拉力锦标赛金塔分站赛暨第六届敦煌越野耐力赛于9月13日至16日举行。本届敦煌越 野耐力赛为中国汽车越野拉力锦标赛年度第四站，共设4个特殊赛段，总里程近1000公里。赛段涵盖沙 漠、戈壁、河道等多种复杂地形，昼夜温差较大，对车手和车队提出了较高要求。法国润滑油品牌摩特 （Motul）作为赞助商，为长城汽车提供赛事支持。这是继2025中国环塔（国际）拉力赛后，双方在中 国越野赛事中的再次合作。 代表长城汽车坦克Hi4车队参赛的车手姚卫强表示，从环塔拉力赛到敦煌耐力赛，持续使用摩特机油。 在本次比赛复杂路况和高负荷环境下，发动机仍保持稳定输出，动力表现顺畅。 法国摩特是一家拥有超过170年历史的国际机油品牌，长期参与全球赛车运动。此次比赛中，摩特为长 城汽车旗下的哈弗、坦克及长城炮等参赛车型提供了多款润滑产品。其中包括采用酯类技术的300V赛 车机油，该产品有助于发动机在高温、高转速条件下保持稳定表现；Gear Competition 75W140齿轮油用 于保护变速箱和差速器；RBF 660高性能制动液提升制动系统在严苛环境中的响应能力；Auto Cool -25°C防冻液则为发动机提供冷却和 ...

Group 1 - The event "Quality Month" in Haidian District emphasizes the theme "Empowering Quality Chain for the Future," aiming to enhance quality management through digital and intelligent models [1] - The initiative aligns with the "Quality Strong Nation Construction Outline" and Beijing's implementation opinions, focusing on quality collaboration across industrial chains [1][2] - Seven key enterprises, including Lenovo and Sinopec Lubricants, jointly released an action proposal to enhance quality levels across the supply chain [1][2] Group 2 - Haidian District has achieved significant results in quality construction, receiving an A-level evaluation for eight consecutive years and ranking high in various quality indicators [2] - Notable organizations, such as the China National Nuclear Corporation and Xiaomi, have received quality awards, showcasing the district's commitment to quality improvement [2] - The district's quality enhancement actions have made positive progress in key industrial chains, including artificial intelligence and lubricants [2] Group 3 - During "Quality Month," Haidian District has designed 37 diverse activities focusing on comprehensive quality management and promoting a culture of quality [3] - The activities aim to engage various stakeholders, including departments, enterprises, and the public, to foster a quality-conscious society [3] - The district's market supervision bureau plans to strengthen quality support for small and medium-sized enterprises and promote advanced quality management models [3]