每经记者｜胡健 每经实习记者｜张蕊 每经编辑｜毕陆名 6月，《中共中央国务院关于全面加强生态环境保护坚决打好污染防治攻坚战的意见》对外正式发布。7 月25日，工信部印发《坚决打好工业和通信业污染防治攻坚战三年行动计划》（以下简称《计划》）， 旨在促进工业和通信业高质量发展。 《计划》提出，到2020年，规模以上企业单位工业增加值能耗比2015年下降18%，绿色制造和高技术产 业占比大幅提高，京津冀及周边地区、长三角地区、汾渭平原、长江经济带沿线11省市等重点区域、流 域重化工业比重明显下降，产业布局更加优化，结构更加合理。《计划》特别提出，2018年将再压减钢 铁产能3000万吨左右。 严防"地条钢"死灰复燃 近年来，一些行业发展一直受困于产能严重过剩的顽疾。 事实上，以BAT为代表的互联网巨头早就在发力智能制造，整个智能制造领域看似发展得如火如荼，但 实际上，"面向技术研发测试、标准实验验证和创新应用验证的公共测试床，供应链协同的专业化服务 平台等智能制造支撑平台建设还比较滞后，智能制造支撑能力比较弱"。中国工程院战略咨询中心高级 工程师杨晓迎在接受《每日经济新闻》记者采访时说，由于缺少支撑企业创新的孵化器 ...

Group 1 - The core viewpoint of the news is that during the "14th Five-Year Plan" period, Shanxi's energy and chemical industry has achieved significant progress in green transformation [1] - The industrial economy in Shanxi is steadily advancing, with the manufacturing sector becoming the main engine for industrial growth, averaging an 8.1% annual increase [1] - Strategic emerging industries are forming a "half-wall" pattern, with an average annual growth of 8.7% from 2021 to 2024, and their share in manufacturing is expected to rise to 44% by 2024 [1] - Traditional industries are being optimized and upgraded, with an increasing proportion of advanced capacity and a shift towards high-end product structures [1] - The coking industry is enhancing product competitiveness by extending the processing of by-products such as coke oven gas and coal tar [1] - Key industries like steel, coking, and cement are focusing on energy conservation and carbon reduction, achieving energy consumption levels per unit product that exceed the national average [1] - Shanxi has successfully cultivated 71 provincial-level green factories, 3 green parks, and 5 green supply chain management enterprises, improving the overall level of green manufacturing in the province [1] Group 2 - Shanxi is promoting comprehensive resource utilization, focusing on large-scale and high-value utilization of industrial solid waste [2] - Projects such as the comprehensive utilization of coal gangue and the development of new materials from coal gangue are being advanced [2] - The province has cultivated 25 standardized resource recycling enterprises, achieving an annual processing capacity of 11.95 million tons [2] - Companies like Dinoce and Shan'an Longjin are being encouraged to promote the comprehensive utilization of emerging solid waste, such as used batteries and old wind and solar equipment [2] - A diversified resource utilization system is being established, balancing traditional and emerging solid waste [2]

| | | | 11/11/11 | SDIC FUTURES | | | --- | --- | --- | | | 操作评级 | 2025年11月20日 | | 螺纹 | 女女女 | 曹颖 首席分析师 | | 热卷 | な女女 | F3003925 Z0012043 | | 铁矿 | ☆☆☆ | 何建辉 高级分析师 | | 焦炭 | ★★★ | F0242190 Z0000586 | | 焦煤 | ★☆☆ | | | 證硅 | ★☆☆ | 韩惊 高级分析师 | | 硅铁 | ★☆☆ | F03086835 Z0016553 | | | | 李啸尘 高级分析师 | | | | F3054140 Z0016022 | | | | 010-58747784 | | | | gtaxinstitute@essence.com.cn | 【钢材】 今日盘面继续回落。本周螺纹表需有所好转，产量同步回升，库存继续下降。热卷需求回暖，产量小幅回升，库存开始下降。 下游承接能力不足，钢厂整体延续亏损状态，后期高炉继续减产可能性较大，供应压力逐步缓解，关注唐山等地环保限产持续 性。从下游行业看，地产投资降幅继续扩大，基建、制 ...

11月17日盘中，焦炭期货主力合约偏强震荡，最高上探至1720.0元。截止发稿，焦炭主力合约报1708.5 元，涨幅1.67%。 焦炭期货主力涨超1%，对于后市行情如何，相关机构该如何评价？ 焦化第四轮本周全面落地。焦化利润依旧一般，日产小幅下降。焦炭库存小幅下降，目前下游少量按需 采购，库存稍有减少，贸易商采购意愿一般。整体来看，碳元素供应充裕，下游铁水回到高位区间，对 原材料需求仍有韧性，钢材利润水平一般，对于原材料压价情绪较浓。焦炭盘面升水，价格或震荡为 主。 瑞达期货：焦炭宽幅震荡运行对待 宏观面，包括农业银行、建设银行、交通银行等多家银行，近期均通过线上平台大量直接销售房产。基 本面，需求端，本期铁水产量延续季节性回落，铁水产量236.88，+2.66万吨，焦炭总的库存较同期偏 高。利润方面，本期全国30家独立焦化厂平均吨焦盈利-34元/吨。技术方面，日K位于20和60均线之 间，短期方向，宽幅震荡运行对待，请投资者注意风险控制。 机构 核心观点 国投安信期货 焦炭盘面升水，价格或震荡为主 瑞达期货（002961） 焦炭宽幅震荡运行对待 国投安信期货：焦炭盘面升水，价格或震荡为主 ...

瑞达期货研究院 「2025.11.14」 螺纹钢市场周报 供应+需求双弱 螺纹期价陷入区间整理 研究员：蔡跃辉 期货从业资格号F0251444 期货投资咨询从业证书号Z0013101 取 更 多 资 讯 业务咨询 添加客服 关 注 我 们 获 目录 1、周度要点小结 2、期现市场 3、产业情况 4、期权市场 「周度要点小结1」 行情回顾 3 来源：瑞达期货研究院 1. 价格及价差：截至11月14日收盘，螺纹主力合约期价3053（+19），杭州螺纹中天现货价格3240（+10）。（单 位：元/吨/周） 2. 产量：螺纹产量下调。200（-8.54），同比（-33.94）。（单位：万吨） 3. 需求：表观需求回落。本期表需216.37（-2.15），（同比-14.47）。（单位：万吨） 4. 库存：厂库和社库继续下滑。螺纹钢总库存576.17（-16.37），（同比+130.68）。（单位：万吨） 5. 盈利率：钢厂盈利率38.96%，环比上周减少0.87个百分点，同比去年减少18.62个百分点。 「 周度要点小结2」 4 来源：瑞达期货研究院 行情展望 1. 宏观方面：海外，（1）IMF预计，美国联邦政府"停摆 ...

Core Viewpoint - Meijin Energy has decided to terminate its hydrogen energy project phase one due to insufficient policy support and external environmental changes, reflecting broader issues in the hydrogen energy industry policy framework [2][4]. Project Termination - The hydrogen energy project phase one was initially planned with a total investment of 1.502 billion yuan, with a revised fundraising target of 250 million yuan after adjustments [3]. - The project aimed to establish a hydrogen fuel cell power system and commercial vehicle component production base, but progress was slow, with only 29.37% of the planned investment utilized by September 30, 2025 [4]. - The decision to terminate the project was influenced by the lack of inclusion of Jinzhong City in the national fuel cell vehicle demonstration city cluster, leading to a slow project advancement [4]. Financial Performance - Meijin Energy's financial performance has fluctuated significantly, with a peak revenue of 24.6 billion yuan and a net profit of 2.209 billion yuan in 2022, followed by a decline in 2023 to 20.811 billion yuan in revenue and a net profit drop of over 86% [6]. - In 2024, the company reported a revenue of 19.03 billion yuan, marking an 8.55% decline, and a net loss of 1.142 billion yuan, indicating a significant downturn in profitability [7]. - As of the first three quarters of 2025, the company continued to face losses, with a revenue of 12.974 billion yuan, down 9.71% year-on-year, and a net loss of 737 million yuan, reflecting ongoing market pressures [7]. Industry Challenges - The hydrogen energy industry faces significant policy and infrastructure challenges, including regional disparities in policy support and a lack of coordinated development between local and national initiatives [2][4]. - The company has recognized the need for a dual-driven model of "policy + market" to reduce reliance on subsidies and enhance its competitive position in the hydrogen sector [5]. - The chairman of Meijin Energy has emphasized the importance of a national development plan for distributed hydrogen energy systems to address the imbalances and challenges within the industry [5].

构建全链条智能管控 面对行业智能化转型困境，中国炼焦行业协会会长石岩峰提出，应加快建设和完善集分散控制系统 （DCS）、制造执行系统（MES）、企业资源计划（ERP）为一体的生产经营一体化集中管控平台，实 现全要素数据的实时、精准采集、分析和共享。同时，结合实时生产数据、应用和开发相关工艺专家系 统，实现局部工艺单元的智能优化，逐步向焦化全流程的系统优化迈进。此外，还需全面推行能源管理 体系（EMS），对煤气、蒸汽、电力、水资源等关键能源介质进行实时计量、在线分析和动态平衡， 深挖系统中的"跑冒滴漏"和能源浪费点。 石岩峰将焦化行业数智化管控推进分为三个阶段，首先是基础建设与数据打通阶段，建设统一的loT平 台和数据中台，实现进厂、化验、堆场等核心业务流程的线上化与数据自动采集，并开发可视化看板， 实现关键数据的初步展示。其次是智能应用深化阶段，引入数字孪生，实现堆场3D可视化，开发并上 线智能配煤优化模块，建立初步的成本核算和预警体系。最终是智慧决策进阶阶段，深化AI应用，如 需求预测、设备预测性维护等，完善决策支持中心，提供高阶的数据挖掘和模拟分析功能，构建产业协 同生态。 长期以来，焦化行业高度依赖"老 ...

Core Viewpoint - Shanxi Province is actively pursuing its carbon peak and carbon neutrality goals by 2030 and 2060, respectively, demonstrating significant progress in energy consumption reduction and green energy transition [1][2]. Group 1: Carbon Reduction Achievements - Since the beginning of the 14th Five-Year Plan, Shanxi's energy consumption per unit of GDP is expected to decrease by 16.1%, exceeding national targets and ranking among the top in the country [1]. - The province has eliminated 3.321 million kilowatts of outdated coal power capacity and upgraded 73.82 million kilowatts of existing coal power units, achieving negative growth in coal consumption in key pollution prevention areas [1]. Group 2: Energy Structure Optimization - Shanxi is focusing on optimizing its energy structure and promoting a green transition in energy supply, with significant advancements in wind and solar energy, as well as hydrogen, geothermal, and biomass energy development [1]. - The province has maintained the highest volume of green electricity exports in the country [1]. Group 3: Industrial Upgrades and Zero Carbon Initiatives - Shanxi has implemented strict controls on high-energy-consuming projects and has upgraded over 30% of its steel enterprises to benchmark energy efficiency levels, with 83% of coal production now from advanced capacities [2]. - The province has launched eight pilot zero-carbon (near-zero carbon) industrial demonstration zones, achieving breakthroughs in zero-carbon mining and low-carbon technology applications [2]. Group 4: Promoting Low-Carbon Lifestyle - The concept of low-carbon living is gaining traction, with significant increases in the market share of energy-efficient household appliances and the promotion of electric vehicles [2]. - By the end of 2024, the province aims to achieve a public charging station to vehicle ratio of 1:7, ensuring adequate charging infrastructure for electric vehicles [2].

中新网太原11月11日电 (任丽娜李新锁)高位治碳、源头减碳、过程降碳、生活低碳……山西作为传统煤 炭大省、能源大省，"十四五"前四年，超额完成国家下达的碳达峰、碳中和"双碳"目标。 发布会现场。主办方供图 11月10日，中共山西省委宣传部、山西省人民政府新闻办公室组织召开"高质量完成'十四五'规划"系列 主题首场新闻发布会，山西省发展改革委副主任，山西省数据局党组书记、局长闫中立表示，"十四 五"以来，山西坚持以"双碳"目标为引领，强化节能降碳，有序实施碳达峰山西行动，"十四五"前四 年，全省万元GDP能耗预计累计下降16.1%，超额完成国家下达目标，降幅位居全国前列，绿色正在成 为山西高质量发展的靓丽底色。 山西超额完成国家"双碳"目标 万元GDP能耗降幅位居全国前列 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式使用。 关注中新经纬微信公众号(微信搜索"中新经纬"或"jwview")，看更多精彩财经资讯。 高位治碳。山西成立由省长担任组长的应对气候变化和节能降碳工作领导小组，分领域推动20余项实施 方案落地见效，构建"1+X"政策体系，山西实现碳达峰碳中和的工作路径更加明晰。 ...

近日，多家焦化企业发布提价函，期货日报记者发现，前期焦化企业已经进行了三轮提价，此次是第四轮提价，行业人士认为，本轮提价落地的可能性很 大。 近日，多家焦化企业发布提价函。期货日报记者发现，前期焦化企业已经进行了三轮提价，此次是第四轮提价。行业人士认为，本轮提价落地的可能性很 大。 旭阳营销有限公司 尊敬的焦炭客户: 感谢贵公司多年来对我公司的支持与帮助! 近期原料煤价格持续大幅上涨,焦化企业陷入全行业 深度亏损的境地,根据当前市场情况,经研究决定,自11 月 10 日起湿熄焦上调50元/吨、干熄焦上调 55 元/吨。 顺致商祺! 官 销 有限公 焦炭销售价格通知函 致各焦炭采购单位: 首先衷心感谢各单位一直以来对我公司的信任与支持!我公司始 终坚持平等合作、互惠互利的原则。 近期,焦煤价格持续上涨,焦化企业亏损加剧。为保障焦炭产品 品质及供应,更好地满足合作客户用量需求,经集团公司研究决定: 从 2025 年 11月 10日 0 时起,湿熄焦上调 50元/吨、干熄焦上调 55 元/吨! 特此函告 "四季度焦炭价格可能提涨4到5轮。焦炭价格提涨的主要原因是焦煤价格持续上涨，焦化企业普遍亏损，需要提涨焦炭价格修 ...