在煤炭市场持续低迷、煤价持续低位的严峻形势下，山东能源集团兖矿能源（600188）化工产业凭借精 准施策与系统发力，交出了一份亮眼答卷：全年总产量创历史新高；预计盈利同比激增17.5亿元，以强 劲的盈利韧性有效对冲了煤炭主业的市场压力，成为兖矿能源稳增长的"压舱石"。这一成绩的背后，是 兖矿能源深耕"煤化一体"战略，在安全管控、技改升级、协同创新等领域的持续发力。 筑牢安全根基 稳运行提效能 安全是化工生产的生命线，更是盈利增长的前提。兖矿能源化工产业坚持安全"三个优先于"原则， 以"无泄漏工厂"建设为抓手，构建全流程风险防控体系，为生产装置稳定运行筑牢根基。 扎实开展双重预防工作，强化"两重点一重大"常态风险与检修施工动态风险管控，全年累计辨识重大风 险853项，排查治理B级及以上隐患49项。全闭环隐患排查治理换来显著成效，产业"波减停"次数同比 减少15%，系统安稳运行能力大幅提升。 在生产现场，"两炉"运行质量的提升成为稳产提效的关键。鲁南化工A号粉煤气化炉技术团队历经数月 优化调整，实现连续运行246天，负荷首次稳定在100%，创下同类装置运行新纪录；国宏化工3号锅炉 操作工精细调控参数，单炉带全厂稳 ...

Group 1 - The core viewpoint of the news highlights the performance of the Tianhong Chemical ETF (159133), which saw a turnover of 5.01% and a total transaction volume of 28.9435 million yuan, while the tracked index, the CSI Sub-Industry Chemical Theme Index (000813), declined by 1.08% [1] - The Tianhong Chemical ETF (159133) experienced a net subscription of 18 million shares throughout the day, indicating strong investor interest [1] - As of December 29, the Tianhong Chemical ETF (159133) reached a new high in scale at 595 million yuan and a new high in shares at 547 million, reflecting a significant increase in investor engagement [2] Group 2 - The Tianhong Chemical ETF (159133) tracks a broad index of 50 stocks in the chemical industry, which are characterized by large market capitalization and high liquidity, with over 93% of the index comprising basic chemicals, petroleum and petrochemicals, and electric equipment [2] - The China Synthetic Resin Association issued a proposal to regulate the polyoxymethylene industry, aiming to optimize investment decisions and promote high-quality development in the sector [3] - The polyoxymethylene industry in China is projected to face a significant structural supply-demand imbalance, with an expected production capacity of 151,000 tons per year against a projected demand of only 95,000 tons by 2025, raising concerns about overcapacity and competition [3] Group 3 - Huafu Securities noted that one of the investment themes in the chemical sector is the recovery of the economy and demand, which benefits leading companies significantly [4] - The recovery of major chemical product prices and demand is expected to enhance the competitive edge of leading firms, which have established significant scale advantages and cost efficiencies through ongoing R&D investments [4]

（文章来源：证券日报） 证券日报网讯 12月29日，开滦股份在互动平台回答投资者提问时表示，目前，公司子公司的己二酸、 聚甲醛产品在欧洲有部分销售业务，销售收入约758.56万美元。 ...

开滦股份（600997.SH）12月29日在投资者互动平台表示，感谢您对公司的关注！目前，公司子公司的 己二酸、聚甲醛产品在欧洲有部分销售业务，销售收入约758.56万美元。 （记者 曾健辉） 每经AI快讯，有投资者在投资者互动平台提问：董秘你好！请问贵公司及子公司有无在欧洲开展业 务？如果有，是否有欧盟国家的销售收入？ ...

行 华福证券 基础化工 2025 年 12 月 28 日 业 研 究 行 业 定 期 报 告 基础化工 行业周报：11 月 TDI 出口量创单月历史最高，中 国合成树脂协会倡议规范聚甲醛行业秩序 投资要点： 本周板块行情：本周，上证综合指数上涨 1.88%，创业板指数上涨 3.9%， 沪深 300 上涨 1.95%，中信基础化工指数上涨 5.41%，申万化工指数上涨 4.23%。 化工各子行业板块涨跌幅：本周，化工板块涨跌幅前五的子行业分别为膜 材料(12.18%)、合成树脂(8.23%)、磷肥及磷化工(6.5%)、钾肥(5.91%)、有机硅 (5.39%)；化工板块涨跌幅后五的子行业分别为轮胎(-1.5%)、食品及饲料添加 剂(0.41%)、农药(0.96%)、绵纶(1.12%)、印染化学品(1.33%)。 投资主线二：消费电子有望逐渐复苏，关注上游材料企业。随着下游消费 电子需求逐渐回暖复苏，面板产业链相关标的有望充分受益。部分国内企业在 面板产业链部分环节成功实现进口替代，切入下游头部面板厂供应链，自身α 属性充足。随着面板产业链景气度有望回暖，头部显示材料厂商有望享受行业 β共振。建议关注：东材科技（ ...

Investment Rating - The report indicates a positive investment outlook for the basic chemical industry, with significant growth in specific sub-sectors such as TDI and synthetic resins [1][2]. Core Insights - The TDI export volume reached a historical high in November, with 56,500 tons exported, significantly exceeding previous years' totals, and is projected to continue growing [2]. - The China Synthetic Resin Association has called for the regulation of the polyoxymethylene industry to address structural supply-demand imbalances, with projected production capacity reaching 1.51 million tons per year against a demand of only 950,000 tons by 2025 [2]. - The chemical sector overall has shown strong performance, with the CITIC Basic Chemical Index rising by 5.41% this week, outperforming other indices [1][10]. Market Performance - The Shanghai Composite Index increased by 1.88%, while the ChiNext Index rose by 3.9%, indicating a bullish trend in the market [1][10]. - The top-performing sub-sectors in the chemical industry this week included membrane materials (12.18%), synthetic resins (8.23%), and phosphate fertilizers (6.5%) [1][13]. Sub-sector Summaries TDI - November TDI exports reached 56,500 tons, with a cumulative export of 506,300 tons from January to November, marking a 56.2% year-on-year increase [2]. - The average export price for TDI in October was $1,527 per ton, with a total export value of $67.1 million [2]. Polyoxymethylene - The industry faces challenges due to a projected capacity of 1.51 million tons against a demand of only 950,000 tons, leading to potential oversupply issues [2]. Tires - Domestic tire manufacturers are becoming increasingly competitive, with a focus on growth opportunities in the tire sector [2]. Phosphate Chemicals - The phosphate chemical sector is expected to benefit from environmental policies limiting supply, coupled with increasing demand from the new energy sector [4]. Vitamins - The market for vitamins is experiencing supply disruptions, particularly for Vitamin A and E, due to unforeseen circumstances affecting production [5].

Core Viewpoint - The article discusses the challenges and opportunities in the polyoxymethylene (POM) industry in China, highlighting the need for industry self-regulation and innovation to achieve high-quality development amidst structural supply-demand imbalances [1][3]. Group 1: Industry Overview - The China Synthetic Resin Association issued an initiative to promote the healthy development of the POM industry, aiming to guide market order, optimize investment decisions, and strengthen innovation [1]. - The POM industry in China is expected to reach a total production capacity of 1.51 million tons per year, while the actual demand for 2025 is projected to be only 950,000 tons, indicating a significant structural supply-demand imbalance [1]. Group 2: Initiative Details - The initiative includes four core aspects: 1. Establishing a self-regulatory framework for the industry, focusing on legal compliance, integrity, product quality, innovation-driven strategies, and green transformation [3]. 2. Proposing cautious decision-making and scientific planning to mitigate the risks of overcapacity [3]. 3. Identifying four key innovation implementation paths: standard system improvement, industrial transformation, equipment technology upgrades, and product structure optimization [3]. 4. Suggesting specific measures for collaborative development, including data sharing mechanisms, risk warning systems, resource integration, and practical cooperation between upstream and downstream enterprises [3]. Group 3: Exhibition Information - The 2026 Future Industry New Materials Expo will feature six major exhibition areas, focusing on lightweight, high-strength, and sustainable materials, among other future industry needs [1][4]. - The expo will showcase over 800 companies and cover various sectors, including robotics, aerospace, and new energy equipment [4][6].

中国合成树脂协会相关负责人呼吁，当前聚甲醛行业正处在转型升级的关键时期，业界同仁需立足可持 续发展大局，积极践行倡议内容，共同维护公平竞争的市场环境，推动行业向高端化、绿色化、可持续 发展方向迈进，为实现聚甲醛产业高质量发展、保障国家产业链供应链安全贡献力量。 同步发出的倡议书说明提到，据行业权威机构预测，未来数年我国聚甲醛行业将呈现"量产产能+在建 项目+规划新建项目"的产能叠加态势，预计总产能规模将达到151万吨/年。然而，根据最新市场调研数 据，2025年我国聚甲醛实际年需求量预计仅为95万吨，且需求增速有限，行业将面临显著的结构性供需 失衡挑战。不仅如此，随着近年来投资加快，行业发展面临产能扩张与市场需求不匹配、高端产品对外 依存度高、非理性竞争导致利润率下滑等挑战，已引起相关主管部门及全行业的高度重视。 倡议书由重庆云天化（600096）天聚新材料有限公司、开封龙宇化工有限公司、国能宁夏煤业有限责任 公司、唐山中浩化工有限公司、兖矿鲁南化工有限公司等10家单位共同签署。其核心内容涵盖四方面： 一是构建行业自律公约体系，包括合法合规经营、诚信体系建设及产品质量提升等基础要求，以及创新 驱动发展战略与绿 ...

黄河奔涌入海处，积蓄的不只是万里泥沙，更是一座城市向新而行的澎湃动能。作为黄河三角洲中心城 市，山东省东营市正将国家的宏大叙事，转化为科技自强、产业焕新的生动实践。 近年来，东营以创新驱动为核心引擎，推动民营经济活力奔涌、传统产业筋骨重塑与专精特新企业繁星 满天，在盐碱滩涂上奋力构建起体现特色与优势的现代化产业体系，交出了一份高质量发展的崭新答 卷。 创新策源：从"实验室"到"生产线"的动能之变 日前，走进位于东营经济技术开发区的胜利油田胜鑫防腐有限责任公司（以下简称"胜鑫防腐"），自动 化产线正将一层层纳米级"防护铠甲"精密覆压于油气管道之上。这项源自"自蔓延高温合成"与"粉末冶 金"技术融合的发明，破解了复杂地质环境下管道腐蚀的行业难题，形成了覆盖材料设计到标准体系的 完整知识产权链。公司研发总监感慨："我们就像为钢铁穿上了'复合装甲'，用梯度结构实现了高性能 与高性价比的平衡。" 胜鑫防腐的"微创新"折射出东营市"大创新"的磅礴气象。"十四五"期间，东营坚持以新质生产力为牵 引，全社会研发投入突破百亿元大关，规上工业企业研发活动覆盖率跃居全省前列。创新不仅发生在企 业车间，更源于高能级平台的策源支撑。页 ...

"近两年，鹤壁市宝山经开区的千亿级新材料产业集群蓬勃兴起，美瑞聚氨酯、龙宇聚甲醛等龙头项目 实现突破，用'黑金裂变'的转型实践进一步推动了河南化工行业高质量发展。"河南省石油和化学工业 协会常务副会长苏东介绍说。 会上，河南大树实业有限公司年产11万吨丁苯胶乳、6万吨丁腈胶乳系列产品项目，鹤壁宝来化工科技 有限公司年产20万吨聚合氯化铝项目等4个重点项目，以及河南美瑞与宝来化工盐酸回收利用项目、河 南美瑞与海格化工签订盐酸回收利用项目等5个上下游产品供应项目进行了集中签约。 鹤壁市政府相关负责人介绍，近年来，鹤壁市依托丰富的甲醇、1,4-丁二醇等基础化工产能优势，重点 构建以"聚氨酯、聚甲醛、聚合可降解材料"为代表的"三聚"产业、日用化工产业、橡胶助剂产业等相关 产业链条，取得明显成效。 谈及聚氨酯发展现状，中国聚氨酯工业协会秘书长吕国会表示，当前，我国聚氨酯原料产能全球领先， 下游市场纵深拓展，核心技术达到国际先进水平，产业结构持续优化。但也面临发展难题，如创新能力 与产业规模不匹配，低端同质化竞争抑制行业盈利能力，绿色低碳转型任务艰巨，国际贸易壁垒高企， 产业链供应链韧性与安全面临考验。 "既要看到问题， ...