证券之星消息，截至2025年11月25日收盘，茂化实华(000637)报收于4.58元，上涨1.33%，换手率 3.15%，成交量11.5万手，成交额5286.55万元。 该股主要指标及行业内排名如下： | 指标 | 茂化实华 | 石油行业均值 | 行业排名 | | --- | --- | --- | --- | | 总市值 | 23.81亿元 | 2102.83亿元 | ərin əsasən ərazi vahidində kənd. Bu mənist | | 净资产 | 6.58亿元 | 1921.21亿元 | 61 61 | | 净利润 | -9373.06万元 | 136.37亿元 | 17 19 | | 市盈率(动) | -19.05 | 32.83 | - 19 | | 市净率 | 4.29 | 2.53 | 17 19 | | 毛利率 | 2.51% | 18.66% | 18 19 | | 净利率 | -4.55% | 4.47% | 18 19 | | ROE | -15.58% | 1.3% | lər Tə | 11月25日的资金流向数据方面，主力资金净流入90.57万元，占总成交额 ...

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该项目遵循"一体规划、分步实施"原则分三个阶段有序推进，预计2026年底， 一阶段规划 实施的2.5万吨/年乙丙橡胶二线装置打通流程出合格产品，5万吨/年 MTBE装置(含丁烯异构化)、ACO技术改造两个项目建成中交。 二阶段规划 实施5万吨/年乙丙橡胶装置、10万吨/年MMA-PMMA一体化项目。 三阶段规划 实 施甲基丙烯酸丁酯及其共聚物、2万吨/年POM(聚甲醛)、1万吨/年叔丁胺等装置，目前正在开展可行性研究。 据悉，作为延长石油集团全资子公司， 延安能化公司 负责建设和运营的延安煤油气资源综合利用项目，2020年7月进入商业运营， 建有180万吨/年甲醇、60万 吨/年甲醇深加工、40万吨/年轻油加工利用、42万吨/年聚乙烯、30万吨/年聚丙烯、20万吨/年丁醇、8万吨/年2-PH(二丙基庚醇)、2.5万吨/年乙丙橡胶等8套主装 置 。其中轻油加工装置属国内首套，丁醇/2-PH联产装置为世界首套，乙丙橡胶装置是世界首套全流程采用意大利FasTech公司溶液聚合法工艺技术的装置。 /高分子先进回收交流群/ 让专业的人聚在一起, 绿色化工/化学、物理回收/PCR材料等交流群 ❤️ ↓ 高分子循环再利用大 ...

免责声明: 以上内容所依据的信息均来源于交易所、媒体及资讯公司等发布的公开资料或通过合法授权渠道向发布人取得的资讯，我们力求分析及建议内 容的客观、公正，研究方法专业审慎，分析结论合理，但公司对信息来源的准确性和完整性不作任何保证，也不保证所依据的信息和建议不会 发生任何变化。且全部分析及建议内容仅供参考，不构成对您的任何投资建议及入市依据，客户应当自主做出期货交易决策，独立承担期货交 易后果，凡据此入市者，我公司不承担任何责任。未经公司授权，不得随意转载、复制、传播本网站中所有研究分析报告、行情分析视频等全 部或部分材料、内容。对可能因互联网软硬件设备故障或失灵、或因不可抗力造成的全部或部分信息中断、延迟、遗漏、误导或造成资料传输 或储存上的错误、或遭第三人侵入系统篡改或伪造变造资料等，我们均不承担任何责任。 LPG早报 研究中心能化团队 2025/11/24 L P G 日期 华南液化气 华东液化气 山东液化气 丙烷CFR华 南 丙烷CIF日本 CP预测合 同价 山东醚后碳四 山东烷基 化油 纸面进口利润 主力基差 2025/11/17 4390 4364 4440 559 505 485 4670 70 ...

国泰君安期货·能源化工 C3产业链周度报告 国泰君安期货研究所 陈鑫超 投资咨询从业资格号：Z0020238 日期：2025年11月23日 Guotai Junan Futures all rights reserved, please do not reprint CONTENT 总结 01 LPG部分 02 丙烯部分 03 价格&价差 供应 需求&库存 价格&价差 平衡表 供应 需求 下游库存 Special report on Guotai Junan Futures 2 | | 本周LPG观点：下游需求分化，关注成本变动 | | --- | --- | | 供应 | 国产方面，液化气总商品量50.6万吨，较上周环比减少0.9%；其中，民用气商品量20.4万吨（+0.3%），醚后商品量17.4万吨（-1.6%）；当前， | | | 国内民用气商品量处于低位水平，而醚后碳四商品量维持高位。国际市场供应方面，美国丙烷库存环比回落，中东供应偏紧；需求方面，亚洲 | | | 裂解极限进料叠加燃烧旺季来临，国际采购热情较高，买盘支撑周前期丙烷价格上行；成本传导则主要于周后期体现，原油大幅下挫带动丙烷 | | | ...

Report Industry Investment Rating - Not provided Core View of the Report - The PG main contract is running strongly. The domestic chemical industry is firm, and there are expectations for the civilian sector to strengthen during the peak season, but the market valuation is high. The international propane market pattern is loose. Attention should be paid to the weather and the situation of cold snaps in the United States [4] Summary by Relevant Catalogs Daily Changes - On Wednesday, for civil gas, the price in East China was 4325 (-10), in Shandong was 4370 (-10), and in South China was 4345 (+0). The price of etherified C4 was 4590 (+0). The lowest delivery location was East China, with a basis of -60 (-62), and the 12 - 01 month spread was 81 (+20). FEI was 502 (-10) and CP was 486 (+14) dollars per ton [4] Weekly Views - The PG main contract showed a strong trend. The basis was 1 (-101), and the 12 - 01 month spread was 93 (+21). The cheapest delivery products were civil gas in East China at 4364 (-10), in Shandong at 4440 (+60), and in South China at 4460 (+10); etherified C4 was 4630 (+130). The overseas paper goods prices rose, the oil - gas ratio weakened slightly, the month spread strengthened, the domestic - foreign price difference weakened, PG - CP reached 128 (-9), and PG - FEI reached 111 (-2). The discount strengthened. The arrival discount of propane in East China was 78 (+8), and the FOB discounts of propane in AFEI, the Middle East, and the United States were -2.75 dollars (+3.75), 22 dollars (+13), and 39 dollars (+13) respectively. The freight weakened slightly. The FEI - MOPJ spread narrowed to -66 (+7). The naphtha crack spread changed little and remained at a relatively high level this year. The profit of propylene production from PDH in Shandong improved slightly, the profit of alkylation units deteriorated, the MTBE production profit fluctuated, and the export profit remained good. Domestic production decreased slightly, the arrival volume was limited, factory inventories decreased slightly, and port inventories decreased. The PDH operating rate was 71.74% (-3.71), Donghua Zhangjiagang restarted, and Juzhengyuan and Haiwei stopped for maintenance [4]

| | | 甲醇日评20251119: 短期供需压力难解,关注预期变动 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 指标 | 单位 | 2025/11/18 | 2025/11/17 | 变化值 | 变化值 | | | | | | | | (绝对值) | (相对值) | | | | MA01 | 元/吨 | 2030.00 | 2029.00 | 1.00 | 0.05% | | | 甲醇期货价格 | MA05 | 元/吨 | 2153.00 | 2145.00 | 8.00 | 0.37% | | | (收盘价) | MA09 | 元/吨 | 2204.00 | 2200.00 | 4.00 | 0.18% | | | | 太仓 | 元/吨 | 2002.50 | 2015.00 | -12.50 | -0.62% | | | | 山东 | 元/吨 | 2170.00 | 2170.00 | 0.00 | 0.00% | | 期现价格 | | 广东 | 元/吨 | 2010.00 | 2025.00 | -15.00 ...

11月19日的资金流向数据方面，主力资金净流出813.69万元，占总成交额10.53%，游资资金净流出 313.27万元，占总成交额4.05%，散户资金净流入1126.96万元，占总成交额14.58%。 证券之星消息，截至2025年11月19日收盘，茂化实华(000637)报收于4.98元，下跌1.39%，换手率 4.26%，成交量15.53万手，成交额7730.91万元。 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 游资净点比 游资净占比 散户净占比 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-11-19 | 4.98 | -1.39% | -813.69万 | -10.53% | -313.27万 | -4.05% | 1126.96万 | - 14.58% | | 2025-11-18 | 5.05 | -3.99% | -1197.30万 | -9.26% | -246.25万 | -1.90% | 1443.55万 | 11.16% | | 2025 ...

1. Report Industry Investment Rating - Not mentioned in the provided content 2. Core Viewpoints of the Report - The PG main contract shows a relatively strong performance. The domestic chemical market remains firm, and there are expectations of a peak - season uptick in the civil gas sector, but the market valuation is on the high side. The international propane market has a loose supply - demand pattern, and attention should be paid to weather conditions and the situation of cold snaps in the US [4] 3. Summary According to the Report Content 3.1 Daily Changes - In terms of civil gas on Tuesday, prices in East China were 4335 (-29), in Shandong 4380 (-20), and in South China 4345 (-45). The price of ether - post - carbon - four was 4590 (-80). The lowest delivery location was East China, with a basis of -60 (-14) and a 12 - 01 month - spread of 81 (-8). FEI was 510.26 (+7.26) and CP was 492.18 (+9.18) dollars per ton [4] 3.2 Weekly Views - The PG main contract was on a strong trend. The basis was 1 (-101), and the 12 - 01 month - spread was 93 (+21). The cheapest delivery product was East China civil gas at 4364 (-10), Shandong at 4440 (+60), South China at 4460 (+10), and ether - post - carbon - four at 4630 (+130). The overseas paper - based futures rose, the oil - gas ratio weakened slightly, the month - spread strengthened, and the domestic - overseas price difference weakened. The PG - CP reached 128 (-9), and the PG - FEI reached 111 (-2). The discount strengthened. The East China propane arrival discount was 78 (+8), and the FOB discounts for AFEI, Middle East, and US propane were -2.75 dollars (+3.75), 22 dollars (+13), and 39 dollars (+13) respectively. The freight rate weakened slightly. The FEI - MOPJ spread narrowed to -66 (+7). The naphtha crack spread changed little and remained at a relatively high level for the year. The profit of propylene production from PDH in Shandong improved slightly, the profit of alkylation units deteriorated, the MTBE production profit fluctuated, and the export profit remained good. Domestic production decreased slightly, the arrival of goods was limited, factory inventories decreased slightly, and port inventories decreased. The PDH operating rate was 71.74% (-3.71), with Donghua Zhangjiagang restarting and Juzhengyuan and Haiwei shutting down for maintenance [4]

8 服 热 E 户网 站 100 - 100 la pa www.itf.com.cn 400-8888-598 ts No 180 14/1 | | | | 投资咨询业务资格:证监许可 2012 31号 | | ITG国贸期货 | | --- | --- | --- | --- | --- | --- | | | | | | 醒致据日报 | | | | | | 国贸期货研究院 | 期货从业号:F305427 | | | | | | 能源化工研究中心 陈一凡 | 投资咨询证号:Z0015946 | 2025/11/18 | | 指标 | | 2025/11/14 | 2025/11/17 | 涨跌值 | 行情评述 | | | 晋城大烟煤 | 930. 00 | 930. 00 | 0. 00 | | | | 内蒙动力煤 | 630. 00 | 630. 00 | 0.00 | | | NAZE | 川渝液化气 | 4080. 00 | 4040. 00 | -40. 00 | | | | 国际大然气 | 10. 79 | 10.99 | 0. 20 | | | | 太仓 | 2030.00 | 2005.00 ...