根据《石油价格管理办法》规定，国内汽、柴油价格根据国际市场原油价格变化每10个工作日调整一 次，调价生效时间为调价发布日24时。当调价幅度低于每吨50元时，不作调整，纳入下次调价时累加或 冲抵。出现办法规定的特殊情形时，可以暂停、延迟调价，或缩小调价幅度。 10月11日是本计价周期的第九个工作日，调价窗口将在10月13日24时开启。本轮国内汽、柴油价格将迎 来下调，预计下调幅度在65元／吨左右。 （文章来源：新华财经） 新华财经北京10月11日电（薛尚文）新华社石油价格系统10月11日发布的数据显示，10月10日一揽子原 油平均价格变化率为-1.25%。 ...

国内成品油调价窗口将于今日24时开启 据卓创资讯分析师王芦青：本计价周期内，前期受俄乌和中东局势升级影响，市场担忧石油整体供应， 后期随着地缘局势影响减弱，在供应增加和需求弱化的背景下，原油连续多日呈现偏弱行情。受此影 响，本周期原油变化率处于正值低位水平，据卓创资讯测算，截至9月22日收盘，国内第10个工作日， 参考原油变化率0.39%，预计汽柴油上调15元/吨，未达到成品油零售限价50元/吨的调价红线，调价窗 口9月23日24时。根据当前的幅度来看，本轮成品油零售限价调整或再次搁浅。 最新监测数据显示 后市预测方面：卓创资讯预计，关注石油库存等基本面数据，累库周期将给予油价下行压力，但是美联 储降息和欧洲局势扰动，都给予油价部分支撑，短期看，国际油价或偏弱运行。按当前原油价格测算， 新周期的原油变化率负值开局，预计首日对应的成品油零售限价下调幅度在80元/吨，调价窗口在10月 13日24时，因下轮调价周期横跨国庆、中秋假期，调价周期较长，最终结果尚存较大不确定性。 汽柴油调整幅度可能再次踩线搁浅 ...

Core Viewpoint - The recent fluctuations in domestic fuel prices are influenced by a complex interplay of supply and demand factors, with a potential for price adjustments in the near future, but the overall market sentiment remains cautious [1][3][6]. Group 1: Recent Price Trends - From mid-July to early September, domestic gasoline and diesel prices experienced significant declines, with a cumulative drop of approximately 600 yuan per ton, effectively reducing travel costs for consumers [1]. - The price reductions not only offset previous increases but also provided additional savings for consumers, particularly benefiting long-distance freight drivers [1]. Group 2: Factors Influencing Price Movements - International oil prices have shown signs of a rebound in September, driven by several key factors including reduced oil exports from Russia, which is impacting global supply [3]. - Expectations of potential interest rate cuts by the Federal Reserve could weaken the dollar, leading to higher oil prices, as crude oil is priced in dollars [3]. - Ongoing geopolitical risks and uncertainties, such as regional conflicts and trade tensions, are contributing to market volatility and increasing oil prices [3]. Group 3: Technical Analysis and Future Outlook - A recent three-day streak of rising international oil prices signals a potential upward adjustment in domestic fuel prices, according to current crude oil change rate calculations [4]. - Despite the prevailing sentiment for price increases, concerns about weak energy demand persist, as evidenced by rising distillate oil inventories in the U.S., indicating lower-than-expected consumption [6]. - Even if prices do rise, the expected increase may be limited to 25-30 yuan per ton, which translates to a minimal impact on consumers, with only a few extra yuan for a full tank of gas [6].

Group 1 - Kunming is accelerating the green and low-carbon transformation in the industrial sector, focusing on solid waste recycling and utilization [1][2] - The Anning base of Wugang Group Kunming Steel Co., Ltd. has achieved a significant transformation by turning industrial waste into valuable resources, with approximately 20% of solid waste being reused in production and nearly 80% converted into products [1] - The city aims to further reduce the intensity of general industrial solid waste generation by 2024 [1] Group 2 - In the field of energy and resource recycling, China National Petroleum Corporation (CNPC) Yunnan Petrochemical has developed a new process to convert high-viscosity filter residue into higher-value petroleum coke, addressing a common industry challenge [2] - The Anning Industrial Park is fostering a modern green circular economy, with companies developing comprehensive utilization technologies for by-products like coal slag and phosphogypsum, enhancing resource value [3] - The park is also focusing on the lithium battery supply chain, with the launch of a 300,000-ton integrated factory for lithium battery anode materials, promoting a full lifecycle approach to the industry [3]

Group 1 - The companies in Kunming are actively promoting green and low-carbon development through the recycling of solid waste, transforming industrial waste into valuable products [1][3] - The Anning base of WISCO has achieved a 20% reuse rate of solid waste in production and nearly 80% conversion into products, showcasing a successful model of circular economy [1] - The Yunnan Petrochemical Company has innovated a process to convert high-viscosity filter residue into higher-value petroleum coke, addressing a common industry challenge [2] Group 2 - The Anning Industrial Park is developing a complete industrial chain for the lithium battery sector, focusing on the entire lifecycle from raw materials to battery components [3] - The park aims to enhance industrial structure and promote green industry clustering through green supply chain management, facilitating closed-loop recycling of by-products and raw materials [3] - Kunming is accelerating the establishment of a circular economy industrial system, exploring comprehensive utilization models for various solid wastes [3]

Group 1 - The companies in Kunming are actively promoting green and low-carbon development through the recycling of solid waste, transforming industrial waste into valuable resources [1][3] - The Anning base of WISCO has achieved a 20% reuse rate of solid waste in production, with nearly 80% converted into products, showcasing a successful model of circular economy [1] - The Yunnan Petrochemical Company has innovated a process to convert high-viscosity filter residue into petroleum coke, addressing industry challenges while achieving economic and environmental benefits [2] Group 2 - The Anning Industrial Park is developing a complete industrial chain for the lithium battery sector, focusing on the entire lifecycle from raw materials to battery components [3] - The park aims to enhance industrial structure and promote green industry clustering through green supply chain management, facilitating closed-loop recycling of by-products and raw materials [3] - Kunming is accelerating the establishment of a circular economy industrial system, exploring comprehensive utilization models for various solid wastes [3]

Group 1 - The core viewpoint indicates that the price adjustment for gasoline and diesel is expected to increase by 70 yuan per ton, translating to a rise of 0.06-0.07 yuan per liter [1] - The price adjustment window is set for September 9 at 24:00 [1] - The international oil prices have seen a decline for three consecutive days, with WTI crude oil futures closing at $61.87 per barrel and Brent crude oil at $65.50 per barrel, marking a cumulative drop of 5.67% and 5.26% respectively [3] Group 2 - The average price of WTI crude oil for the current period is projected to be $63.88 per barrel, while Brent crude oil is expected to average $67.71 per barrel [3] - A detailed oil price adjustment calendar for 2025 has been provided, outlining specific dates for price changes throughout the year [2]

Core Viewpoint - China Petroleum & Chemical Corporation (Sinopec) reported a decline in revenue and profit for the first half of 2025, attributed to falling international crude oil prices, decreased domestic gasoline and diesel demand, and low chemical margins [1] Financial Performance - The company's operating revenue for the first half of 2025 was RMB 1,409.1 billion, a year-on-year decrease of 10.6% [1] - Operating profit was RMB 33.4 billion, down 34.5% year-on-year [1] - Net profit attributable to shareholders was RMB 21.483 billion, reflecting a 39.8% decline compared to the previous year [1] Dividend Distribution - The board of directors decided to distribute an interim cash dividend of RMB 0.088 per share for the first half of 2025, in accordance with the upper limit specified in the company's articles of association [1]

Group 1 - The average price change rate of a basket of crude oil was reported at 0.13% on August 11 [1] - According to the Oil Price Management Measures, domestic gasoline and diesel prices are adjusted based on international crude oil price changes every 10 working days, with the adjustment taking effect at 24:00 on the announcement date [3] - The adjustment window for this pricing cycle will open at 24:00 on August 12, and the current price change rate indicates that the gasoline and diesel price adjustment will be suspended as the change is below 50 yuan per ton [3]

Core Viewpoint - Pengzhou is positioning itself as a "thousand billion city" and a "sub-center" in the Chengdu metropolitan area, aiming for high-quality economic development and significant population growth, reflecting the deep logic of economic breakthroughs in western China [1][24]. Economic Data Summary - In 2024, Pengzhou's GDP is projected to exceed 70 billion yuan, reaching 71.46 billion yuan, maintaining its position as the top county-level city in Chengdu [3]. - By 2027, the GDP is expected to surpass 85 billion yuan, with a national ranking improvement of six places among the top counties [5]. - By 2029, the goal is to achieve the "thousand billion city, million people" target and enter the top 80 of national counties [6]. Industrial Advantages Summary - Pengzhou focuses on three key areas: strong industry, population attraction, and urban development, leveraging two provincial-level parks and two city-level parks [7]. - The Chengdu New Materials Chemical Park is the only chemical park in Chengdu, with a production capacity of 800,000 tons of ethylene and 10 million tons of refined oil annually, supplying 45% of gasoline and 85% of aviation kerosene in Sichuan [9]. - The Chuanxi Gas Field, located within a major city, produces nearly 2 billion cubic meters of natural gas annually, supporting local industrial development [9]. - The Tianfu Traditional Chinese Medicine City has attracted over 300 health enterprises, becoming a hub for traditional medicine innovation [11]. - The establishment of a national-level drone testing base and logistics routes positions Pengzhou as a leader in the low-altitude economy [13][14]. - The Sichuan International Agricultural Products Trading Center handles 6 million tons of vegetables and 2 million tons of fruits annually, making it a key player in international logistics [16]. Business Environment Summary - Pengzhou emphasizes a responsive business environment, with a commitment to reducing operational costs for enterprises by 15% in capital usage and 10% in electricity costs [21][23]. - The establishment of industry funds totaling 4.5 billion yuan supports businesses from startup to maturity [23]. - A "tea discussion" mechanism facilitates direct communication between government and enterprises, enhancing service efficiency [21]. Future Outlook Summary - Under the guidance of national and provincial policies, Pengzhou aims to strengthen its role as a green manufacturing base and enhance regional influence, promoting the integration of culture, tourism, and various industries [24].