【DT新材料】 获悉，近日 ， 辽阳石化公司 10万吨/年尼龙66项目如期中交。 据悉，该总投资 12.1亿元 ， 2024年3 月15日开工建设， 主要建设包括 5万吨/年 己二腈装置、 5万吨/年 己二胺装置、 12万吨/年 成盐装置和 10万吨/年 尼龙66装置，最终形成己二酸-己二腈-己二胺-尼龙66的完整产业链。 该项目是辽阳石化实现"特色产业特色产品巨人"战略目标的重要 一环，将补齐中国石油尼龙产业链条，形成一体化发展。 辽阳石化 成立于1999年， 是中国石油天然气股份有限公司下属的地区分公司，是特大型石油化工联合生产企业。公司现 有炼油、芳烃、烯烃等主要 生产线，炼化主体生产装置58套，辅助生产装置38套。 除了 10万吨/年尼龙66项目 外， 辽阳石化还有 年产4万吨 超高分子量聚乙烯 扩能改造项目在建 ， 是在公司现有7万吨/年聚乙装置（A/B线）的基 础上进行扩能升级改造， 项目总投资 2.11亿元 。 说明： 本文部分素材来自于 辽阳石化公司 官网及 网络公开信息，由作者重新编写，系作者个人观点，本平台发布仅为了传达一种不同观点，不代表对该观点赞同或支持。如果有任何问题，请联系 我们： ...

免责声明 塑料产业日报 2025-07-03 本报告中的信息均来源于公开可获得资料，瑞达期货股份有限公司力求准确可靠，但对这些信息的准确性及完整性不做任 何保证，据此投资，责任自负。本报告不构成个人投资建议，客户应考虑本报告中的任何意见或建议是否符合其特定状况。本 报告版权仅为我公司所有，未经书面许可，任何机构和个人不得以任何形式翻版、复制和发布。如引用、刊发，需注明出处为 瑞达期货股份有限公司研究院，且不得对本报告进行有悖原意的引用、删节和修改。 损失，当前产量仍处高位。下游淡季延续，终端备货意愿低，下游开工率预计维持窄幅下降趋势。成本方 数据来源第三方，观点仅供参考。市场有风险，投资需谨慎！ 面，美国与越南达成贸易协议，伊朗暂停与国际原子能组织合作，近期国际油价上涨。短期LLDPE供需双 研究员: 林静宜 期货从业资格号F03139610 期货投资咨询从业证书号Z0021558 助理研究员: 徐天泽 期货从业资格号F03133092 弱，L2509预计震荡走势，日度K线关注7200附近支撑与7340附近压力。 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | ...

Group 1 - The article reports the appointment of Hou Qijun as the Chairman and Party Secretary of China Petroleum and Chemical Corporation (Sinopec), replacing Ma Yongsheng [2][3] - Hou Qijun has a strong background in the energy sector, having held various senior positions within China National Petroleum Corporation (CNPC) and Sinopec, indicating a continuity in leadership within the industry [3] - Sinopec is transitioning from a traditional energy and chemical company to a high-end chemical materials enterprise, ranking second globally in the 2024 Global Chemical Industry Top 50, just behind BASF [3] Group 2 - In 2024, Sinopec reported a total revenue of RMB 3.07 trillion, with the chemical division generating RMB 523.9 billion, reflecting a year-on-year growth of 1.7% [3]

Core Insights - LyondellBasell Industries N.V. (LYB) has licensed four essential technologies to SHCCIG Yulin Chemical Co., Ltd. for a new petrochemical facility in Yulin City, China, which includes Spheripol and Spherizone technologies for polypropylene plants, Hostalen Advanced Cascade Process for a high-density polyethylene plant, and Lupotech T technology for a vinyl acetate copolymer plant [1][8] Technology and Production - The technology package will enable SHCCIG Yulin Chemical to produce high-performance polypropylene and polyethylene products, as well as vinyl acetate copolymer materials for renewable energy applications, particularly photovoltaic encapsulants [2] - Spheripol is recognized as the leading polypropylene processing technology with over 33 million tons of licensed capacity, and the latest fifth-generation Spheripol technology enhances operating efficiency [3] - The Spherizone multi-zone circulating reactor provides a platform for producing polypropylene products with improved characteristics, with LyondellBasell having licensed over 10 million tons of the Spherizone process globally [4][8] Market Performance and Outlook - LYB stock has experienced a decline of 40.1% over the past year, compared to a 24.2% decline in the industry [5] - For the second quarter, the company expects improved seasonal demand across most business segments, with easing U.S. natural gas and ethane feedstock prices, and lower crude oil costs benefiting operations in Europe and Asia [6] - Oxyfuels margins are anticipated to rise due to widening gasoline crack spreads during the summer driving season, and ongoing capacity reductions in Europe are expected to improve the regional supply-demand balance [6]

Investment Rating - The report downgrades Sipchem to Neutral from Buy due to limited earnings upside and full valuation [3][62]. Core Insights - The energy sector is experiencing a lower-for-longer oil price environment, with oil prices dropping approximately 13% since the start of the year to US$65/bbl, and forecasts suggest an average of US$64/bbl for 2025 and 2026 [1][34]. - The report favors GCC upstream/midstream names, particularly Abu Dhabi energy companies, which are better positioned to weather market volatility due to secured growth potential and advantageous contractual frameworks [2][34]. - In the chemicals sector, fertilizers are preferred due to strong demand dynamics, while caution is advised on petrochemicals due to high uncertainty and oversupply concerns [3][62]. Summary by Sections Energy Sector - The report highlights a preference for Abu Dhabi energy names due to their regulated returns and visible growth potential, with companies like ADNOC Drilling, ADNOC Gas, and Saudi Aramco rated as Buy [2][36]. - GCC energy names have shown strong year-on-year growth, with an average EBITDA consensus beat of approximately 6%, although share price performance has been muted [35][38]. - The report notes that the UAE's natural gas supply is expected to grow significantly, with Saudi Aramco aiming to increase gas production by over 60% by 2030 [12][54]. Chemicals Sector - The ME&A chemicals sector has underperformed, down approximately 11% year-to-date, with a notable decline in share prices for companies like Sipchem and Kayan [20][62]. - The report indicates that while margins are expected to expand in the second quarter, a weak macro backdrop could pressure earnings into the second half of 2025 [22][67]. - Companies with balanced product exposure and those benefiting from shareholder returns have fared better, while Sipchem is seen as less likely to benefit from a lower oil price environment due to its high fixed feed component [62][63].

地缘局势升级引发油价反弹，PX、PTA供需&成本共振上行 李英杰 从业编号：F03115367 投资咨询：Z0019145 手机：18516056442 liyingjie@thqh.com.cn 1 周度总结 PX & PTA：PX、PTA下挫后快速上行。成本端，OPEC+增产决议冲击市场情绪，原油中长期供应宽松局面难改。 短期地缘局势升级引发油价反弹，成本支撑增强。供给端，PX国内装置开工率为73%（环比-1.4%），亚洲开工 率67.9%（环比-3.3%）。PTA本周台化150万吨，虹港250万吨装置按计划停车，嘉通300万吨重启中，国内开工 率在75.6%（-7.6%）。需求端，聚酯负荷目前为94.2%（环比+0.3%）。油价短线修复叠加供应压力减缓，PX、 PTA短线估值有上行修复动力。 MEG：乙二醇价格维持震荡格局。供给端，截至5月8日，中国大陆地区乙二醇整体开工负荷在68.99%（+0.56%）， 其中草酸催化加氢法（合成气）制乙二醇开工负荷在66.75%（+4.54%）。需求端，聚酯装置开工小幅上升，织 造印染开工小幅上升。5月8日浙江地区印染企业平均开机率为60.83%（+1.25%）；盛 ...

Powell Industries, Inc. (POWL) is scheduled to release second-quarter fiscal 2025 (ended March 31, 2025) results on May 6, after market close.The company has an impressive earnings surprise history, the average beat being 33.3%. In the last reported quarter, its earnings of $2.86 per share surpassed the Zacks Consensus Estimate of $2.83 by 1.1%. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)Let’s see how things have shaped up for Powell this earnings season.Key Factors and Estimat ...

Investment Rating - The report does not explicitly provide an investment rating for the industry but discusses the implications of tariffs on natural gas liquids (NGLs) and their flows, particularly ethane and propane, in the context of US-China trade relations [5][17]. Core Insights - US tariffs on China plastics and reciprocal tariffs from China threaten to disrupt global NGL flows, particularly affecting ethane and propane, which are key petrochemical feedstocks [2][5]. - China’s NGL imports from the US have surged from below 50 thousand barrels per day (kb/d) in 2019 to nearly 900 kb/d in 2024, with a significant dependency on US ethane and propane [2][13]. - The report anticipates a moderate decline in US ethane flows to China due to lower US production and reduced demand from China, which may lead to a decrease in Henry Hub prices [2][26]. - Propane flows are easier to redirect compared to ethane, but full substitution of US propane exports will be challenging, necessitating deeper price discounts to attract buyers [2][3]. Summary by Sections Tariff Implications - US tariffs on energy imports are currently exempt, but significant tariffs on plastics threaten NGL flows [5][6]. - The reciprocal 125% tariff imposed by China on US imports is expected to skew the tariff burden towards the US over time [2][31]. Ethane and Propane Market Dynamics - Ethane imports from the US are critical for China, accounting for 60% of US ethane exports, while propane accounts for one-third [17][20]. - Ethane's specialized shipping and processing infrastructure complicate redirection efforts, while propane can be redirected more easily [3][20]. - The report outlines potential adjustment mechanisms for both ethane and propane markets in response to tariffs, highlighting the challenges and likelihood of each mechanism [20][25]. Production and Pricing Outlook - The report predicts a decline in US ethane and propane production due to tariff impacts and market adjustments, with potential price declines for both commodities [26][57]. - US ethane prices have already dropped by 25% since early April, while propane prices have decreased by 20% following tariff announcements [57][58]. - The long-term outlook suggests that lower US NGL production may offset some tariff impacts on petrochemical demand in China [2][60].

BUSINESS COMMITTEE CORPORATE GOVERNANCE AND SUSTAINABILITY COMMITTEE Luis Felipe Henao Cardona (Chairperson) REMUNERATION, APPOINTMENTS, AND CULTURE COMMITTEE HSE COMMITTEE BOGOTA, Colombia, April 24, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that the Board of Directors, in its session on April 22 and 23, 2025, decided that Guillermo García Realpe and Mónica de Greiff Lindo will continue in their roles as Chairperson and Vice-Chairperson of the Board of Directors, respectively. ...