工信部等七部门联合印发的《石化化工行业稳增长工作方案(2025—2026年)》(下称《工作方案》)提 出，要做好化肥生产保供。优化重点化肥生产企业最低生产计划管理，完善化肥产运储销贸一体化调控 体系，同时推动缓/控释肥、水溶肥、液体肥、中微量元素肥等高效化、专用化、环保化、功能化肥料 创新发展，这些举措都将为化肥行业稳增长举旗定向。 中国氮肥工业协会理事长顾宗勤表示，要实现行业稳增长目标，首先要进一步强化产能调控，以确保氮 肥企业既能实现保供稳价，又能获得合理的利润。顾宗勤介绍说，2025年若合成氨、尿素装置均按计划 投产，产能总量将分别超过8200万吨和7300万吨。产能的不断增长加剧了市场供大于求的矛盾。氮肥企 业要积极响应国家最新政策要求，充分考虑国内外供需情况，避免大面积产能扩张。 其次要扎实推进行业绿色低碳转型发展，通过降低综合能耗、物耗以及碳排放摊薄成本。一要紧抓"两 新"政策机遇，通过更新一批高技术、高效率、高可靠性的先进设备，以最小的成本投入实现产能的全 面升级换代。二要积极响应国家政策，逐步提高非化石能源消费比重。 "更为关键的是加快培育和发展新质生产力。"顾宗勤强调，氮肥行业要以科技创新为 ...

Core Viewpoint - The "Work Plan for Stable Growth in the Petrochemical Industry (2025-2026)" emphasizes the importance of ensuring fertilizer production and supply stability, promoting innovation in various types of fertilizers, and achieving green and low-carbon transformation in the industry [1][2]. Group 1: Fertilizer Industry - The plan aims to optimize the management of minimum production plans for key fertilizer producers and enhance the integrated regulation system for production, transportation, storage, and sales [1]. - The nitrogen fertilizer industry is expected to see production capacities exceed 82 million tons for ammonia and 73 million tons for urea by 2025, leading to a potential oversupply situation [1]. - The industry is encouraged to focus on green and low-carbon transformation by reducing energy consumption and carbon emissions while upgrading to advanced, efficient equipment [1][2]. Group 2: Potash Fertilizer - The plan mentions the need to advance overseas oil, gas, and potash resource development through joint ventures, with significant potash resources identified in Laos [3]. - Chinese companies have established a production capacity of 3.5 million tons of potash in Laos, positioning it as a core supply base for overseas potash [3]. - The potash industry is evolving towards functional products and balanced capacity distribution, integrating services such as soil testing and smart logistics [3]. Group 3: Phosphate Fertilizer - The phosphate fertilizer industry aims to enhance resource utilization and value chain efficiency, focusing on extending, supplementing, and strengthening the industry chain [4]. - The industry is encouraged to innovate in technology, particularly in the efficient utilization of phosphate resources and the development of green production processes [4]. - The goal is to achieve comprehensive green transformation and ensure that all waste emissions meet standards while enhancing the utilization rate of by-products [4].

Group 1 - The core viewpoint of the news is that China Chemical Fertilizer (00297) has seen a significant stock price increase due to government support for the fertilizer industry, particularly in ensuring stable supply of key raw materials [1] - The Ministry of Industry and Information Technology, along with six other departments, has issued a plan to stabilize growth in the petrochemical and chemical industry, emphasizing the importance of fertilizer production and supply [1] - The plan includes optimizing production management for key fertilizer companies and promoting long-term contracts between raw material suppliers and fertilizer producers to ensure stable supply [1] Group 2 - According to CICC, the potassium fertilizer market has been experiencing a sustained uptrend since 2025, with limited new capacity expected in 2025-2026 and low domestic inventory levels, indicating a prolonged period of high market demand [2] - China Chemical Fertilizer reported a mid-year revenue of 7.557 billion yuan for 2025, representing a year-on-year growth of 9.9%, with segment profit increasing by 53.3% to 719 million yuan [2] - The revenue from potassium fertilizer reached 2.988 billion yuan, up 19.2% year-on-year, while phosphorus fertilizer revenue was 4.362 billion yuan, reflecting a 4.5% increase [2]