证券之星消息，截至2025年11月24日收盘，中国石油(601857)报收于9.78元，下跌2.49%，换手率 0.15%，成交量242.8万手，成交额23.83亿元。 11月24日的资金流向数据方面，主力资金净流出3.52亿元，占总成交额14.75%，游资资金净流入1.26亿 元，占总成交额5.28%，散户资金净流入2.26亿元，占总成交额9.47%。 近5日资金流向一览见下表： | | | | | 日期 收盘价 涨跌幅 主力净流入 主力净占比 游资净占比 散户净流入 散户净占比 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-11-24 | 9.78 | -2.49% | -3.52 Z | -14.75% | 1.26亿 | 5.28% | 2.26亿 | 9.47% | | 2025-11-21 | 10.03 | -0.89% | 2063.33万 | 0.92% | -396.68万 | -0.18% | -1666.65万 | -0.74% | | 2025-11-20 | 10.12 | -1.4 ...

| ו ו ו להלך ה | | --- | | 江苏省 | | 浙江省 | | 安徽省 | | 福建省 | | 江西省 | | 山东省 | | 湖北省 | | 湖南省 | | 河南省 | | 海南省 | | 重庆市 | | 广东省 | | 广西壮族自治区 | | 宁夏回族自治区 | | 甘肃省 | | 新疆维吾尔自治 | | 暂不实行一省一价 | | 呼和浩特市 | | 成都市 | | --- | | 贵阳市 | | 昆明市 | | 西安市 | | 西宁市 | | 注: 1、表中价格包含浑 | | 2、表中汽油和柴浑 | | 格。 | | 3、汽、柴油第六阶 | | 4、供国家储备、新 | | 7810 元和 6820 元; 其它 | 经济观察网据国家发改委网站消息，近期国际市场油价波动运行，根据11月24日的前10个工作日平均价格与上次调价前10个工作日平均价格对比情况，按照 现行成品油价格机制，自11月24日24时起，国内汽、柴油价格(标准品，下同)每吨分别降低70元和65元。调整后，各省(区、市)和中心城市汽、柴油最高零 售价格见附表。 | 实行一省一价的地 | | --- | | 北京市 | | ...

据国家发展改革委消息，自11月24日24时起，国内汽、柴油价格(标准品)每吨分别下调70元、65元。折合成升 价，每升92号汽油、95号汽油和0号柴油的降幅分别为0.05元、0.06元和0.06元。今年国内成品油零售价格已经历 23轮调整周期，其中7次上调，6次搁浅，10次下调。北京地区汽油最高零售价8575元/吨，柴油7585元/吨。 数据来源:国家发展和改革委员会 2023年-2025年油价变动情况 ● ● 1000 800 600 400 250 200 0 -200 -400 汽油价格上涨区间(元/吨) |汽油价格下降区间(元/吨) -600 -70 -800 and and and and alle and and and and and 9 20 00 00 000 of 3000 1935 TRILE (0) 9376 6 15 6 6 6836 BEATHER 987016 10.923 GRIZO (2023) (2024) 2025) 1000 800 600 400 240 200 -200 -400 柴油价格上涨区间(元/吨) 柴油价格下降区间(元/吨) -600 -65 -800 B ...

11月24日，国内期货市场原油主力合约2601早盘跌幅居前，最低报442.5元/桶，逼近近年低点。 油价低迷影响下，成品油价格也面临下行。11月24日24时，国内成品油零售限价将再迎调价窗口。本计 价周期以来(2025年11月10日24时至2025年11月24日24时)，国际原油未走出单边行情，整体呈现宽幅波 动走势，受此影响，国内参考的原油变化率始终在负值范围内波动，成品油零售限价或遇年内第十次下 调。 "本计价周期以来，市场传出美国将和欧洲某国举行和谈，受到此消息影响，油价在宽幅波动中承压调 整，地缘油价回吐，但美国原油库存意外减少340万桶，且美国单周的汽油需求和馏分油需求环比也出 现增加，表明短期石油需求短时期仍有较强支撑，对国际油价形成强底部支撑。"卓创资讯（301299） 成品油分析师高青翠表示，截至11月21日收盘，国内第10个工作日参考原油变化率-1.50%，11月24日24 时汽、柴油零售限价每吨分别下调70元、65元，升价92#汽油、95#汽油、0#柴油分别下调0.05元、0.06 元、0.06元。 隆众资讯数据也显示，以油箱容量50L的普通私家车计算，本次调价后，车主们加满一箱油将少花2 ...

Market Overview - U.S. markets faced pressure with the Dow Jones closing at 46,245.4, down 1.1%[6] - Asian markets were affected by U.S. stock declines, with the Hang Seng Index dropping 2.38%[10] - European markets also saw declines, with the Euro Stoxx 600 down 0.3%[6] Interest Rate Expectations - New York Fed President Williams indicated a 70% probability of a rate cut in December, suggesting a potential 25 basis point reduction[4] - Market sentiment shifted towards rate cuts following Williams' dovish comments, with expectations for further easing in the near term[30] Sector Performance - The technology sector in the U.S. showed resilience despite concerns over AI, with major tech stocks like Alphabet rising 3.53%[8] - In Asia, the technology sector faced significant declines, with the Hang Seng Tech Index falling 3.21%[10] Commodity and Currency Movements - International oil prices fell, with NY crude down 1.83% to $58.06 per barrel[26] - Gold prices increased by 0.48%, reaching $4,079.5 per ounce amid rising rate cut expectations[26] Economic Indicators - U.S. consumer confidence is nearing historical lows, as indicated by the Michigan University report[4] - The U.S. government is reportedly considering allowing NVIDIA to sell H200 chips to China, which could impact market dynamics[4]

Core Insights - China is significantly accelerating its strategic reserves of oil, gold, and grain, reaching historical highs in these areas [2][8][12] Oil Reserves - In the first nine months of this year, China's average daily oil import reached approximately 11 million barrels, with plans to build 11 new oil storage facilities in the next two years [2][4] - China's oil storage capacity has increased from around 1.2 billion barrels to 2 billion barrels, exceeding the international safety line of three months' supply [2] - Major state-owned oil companies are set to add at least 169 million barrels of storage capacity by 2026, equivalent to the total added over the past five years [4] Gold Reserves - China has become a major player in the global gold market, with estimates suggesting that its actual gold purchases could be ten times higher than official figures [9][11] - The People's Bank of China reported a gold reserve of approximately 2,304.457 tons as of the end of October, marking a continuous increase for 12 months [9] - Analysts estimate that China's gold procurement this year could reach 250 tons, accounting for over one-third of global central bank demand [9][10] Grain Reserves - China holds over half of the world's major grain reserves, with corn, rice, and wheat stocks accounting for 68%, 59%, and 50% of global inventories, respectively [8] - The total capacity of standardized grain storage facilities has surpassed 730 million tons, sufficient to feed 1.4 billion people for over two years [8] - The budget for grain reserves is set to increase to 131.66 billion yuan by 2025, with significant investments in agricultural insurance and technology [8] Strategic Implications - The acceleration of these reserves is seen as a response to global uncertainties, including geopolitical tensions and supply chain vulnerabilities [12][16] - China's actions are aimed at reducing reliance on the US dollar and establishing a resource circulation network centered around itself [14][15] - The strategic buildup of oil, grain, and gold reserves serves as a buffer against potential crises, enhancing national economic security [15][16]

Group 1 - The core viewpoint of the article emphasizes the importance of specialized integration among central enterprises to enhance core technology breakthroughs and promote high-quality development in key industries such as new materials, artificial intelligence, and cruise operations [1][2] - A total of 8 groups consisting of 17 units signed key projects, focusing on optimizing traditional industries and promoting the development of strategic emerging industries [1][2] - The China Tourism Group is leading the establishment of a central enterprise cruise operation platform, which will position its fleet as the largest in Asia [1] Group 2 - The State-owned Assets Supervision and Administration Commission (SASAC) stresses that specialized integration must align with future industry and technology trends, advocating for a long-term approach and avoiding short-term, unrelated expansions [2] - SASAC's Deputy Director Li Zhen emphasizes the need to focus on core businesses, improve resource allocation efficiency, and integrate high-quality resources along the industrial chain to enhance the scale and strength of strategic emerging industries [2] Group 3 - The China Tourism Group, a significant state-owned enterprise directly managed by the central government, has a rich history dating back to 1923 and operates a diverse range of businesses including travel agencies, hotels, and cruise operations [3] - The group has over 42,000 employees and total assets exceeding 200 billion yuan, receiving more than 80 million tourists annually [3]

会议指出，各中央企业高度重视专业化整合工作，去年以来，围绕服务国家战略、推动科技创新、促进 高质量发展，持续调整存量、优化增量。通过一系列整合，进一步优化产业布局，提高资源配置效率， 提升企业核心竞争力。 会议要求，中央企业要坚持主动谋划、加强集团战略引领，坚持防范内卷、优化行业资源配置，坚持提 升本领、增强战新整合能力，坚持融合为本、打造一体化竞争优势，坚持协同推进、形成整体工作合 力。 据国务院国资委网站，11月21日，国务院国资委组织召开中央企业专业化整合推进会并举行重点项目签 约仪式，深入学习领会习近平总书记重要指示批示精神，贯彻落实党的二十届四中全会关于推进国有经 济布局优化和结构调整的重要部署，总结前一阶段专业化整合工作进展成效，组织重点项目签约，明确 当前阶段新任务新要求。国务院国资委党委委员、副主任李镇出席会议并讲话。 8组17家单位分两批进行了重点项目集中签约，主要涉及新材料、人工智能、邮轮运营、检验检测、航 空物流等关键领域。航空工业集团、中国石化、中国一汽、中国五矿、华润集团、中国建材等6家中央 企业作了交流发言。国务院国资委有关厅局、部分中央企业和有关地方政府、民营企业相关负责同志参 ...

Report Summary 1. Report Industry Investment Rating No specific industry investment rating is provided in the report. 2. Core Viewpoints - The short - term upside potential of the low - sulfur fuel oil fundamentals is limited due to sufficient immediate supply. The high - sulfur fuel oil's spot premium in Singapore is supported by Trafigura's active purchases. - The overnight sharp decline in crude oil is expected to cause fuel oil to follow suit at the opening. In the short term, the fuel oil fundamentals lack stimulating factors, and it will operate at a low level. FU2601 will run weakly in the 2450 - 2550 range, and LU2601 will run weakly in the 3050 - 3150 range [3]. 3. Summary by Directory 3.1 Daily Prompt - The fundamentals of fuel oil are neutral, with sufficient short - term supply of low - sulfur fuel oil and strong purchases of high - sulfur fuel oil by Trafigura. The basis shows that the spot price is higher than the futures price, which is bullish. The inventory in Singapore increased by 257 barrels to 2344.9 barrels in the week of November 19, which is bearish. The price is below the 20 - day line, and the 20 - day line is downward, which is bearish. The high - sulfur main position is short - increasing, and the low - sulfur main position is long - changing from short, with different trends [3]. - The previous day's closing price of the high - sulfur fuel oil futures was 2562, and the current price is 2492, a decrease of 70 or 2.73%. The previous day's closing price of the low - sulfur fuel oil futures was 3253, and the current price is 3155, a decrease of 98 or 3.01%. The basis of high - sulfur fuel oil changed from - 3 to 28, an increase of 1012.16%, and the basis of low - sulfur fuel oil changed from 19 to 63, an increase of 227.78% [5]. - The previous day's price of high - sulfur fuel oil in Zhoushan was 465.00, and the current price is 456.00, a decrease of 9.00 or 1.94%. The previous day's price of low - sulfur fuel oil in Zhoushan was 472.00, and the current price is 465.00, a decrease of 7.00 or 1.48%. The price of high - sulfur fuel oil in Singapore decreased from 347.21 to 345.51, a decrease of 1.70 or 0.49%. The price of low - sulfur fuel oil in Singapore decreased from 449.50 to 437.80, a decrease of 11.70 or 2.60%. The price of diesel in Singapore increased from 702.02 to 721.45, an increase of 19.43 or 2.77% [6]. 3.2 Multi - Short Attention - Bullish factors include Russia's fuel export restrictions and the cancellation of US - Russia talks and sanctions on Russian oil - related enterprises. - Bearish factors include the unproven optimistic demand and the pressure on upstream crude oil [4]. 3.3 Fundamental Data - The fundamentals of low - sulfur fuel oil have limited short - term upside potential due to sufficient supply. The high - sulfur fuel oil's spot premium in Singapore is supported by Trafigura's purchases. The basis is positive, indicating that the spot price is higher than the futures price. The inventory in Singapore increased in the week of November 19, and the price is below the 20 - day line with a downward - sloping 20 - day line. The high - sulfur main position is short - increasing, and the low - sulfur main position is long - changing from short [3]. 3.4 Spread Data The report shows the price difference between high - sulfur and low - sulfur fuel oil futures [10]. 3.5 Inventory Data The Singapore fuel oil inventory in the week of November 19 was 2344.9 barrels, an increase of 257 barrels compared with the previous period [3][8].

证券之星消息，11月20日南向资金增持564.0万股中国石油股份（00857.HK）。近5个交易日中，获南向 资金增持的有5天，累计净增持6733.4万股。近20个交易日中，获南向资金增持的有20天，累计净增持 4.38亿股。截至目前，南向资金持有中国石油股份（00857.HK）74.53亿股，占公司已发行普通股的 35.31%。 | 交易日 | 持股总数 (股) | 持股变动(股) | 变动幅度 | | --- | --- | --- | --- | | 2025-11-20 | 74.53亿 | 564.00万 | 0.08% | | 2025-11-19 | 74.48亿 | 1047.60万 | 0.14% | | 2025-11-18 | 74.37亿 | 106.80万 | 0.01% | | 2025-11-17 | 74.36亿 | 9.80万 | 0.00% | | 2025-11-14 | 74.36亿 | 5005.20万 | 0.68% | 中国石油天然气股份有限公司是一家主要从事石油和天然气生产和分销业务的中国公司。该公司主要通 过五个分部开展业务。油气和新能源分部从事原油及天然气的 ...