要全面加强安全管理，确保本质安全。本月是第25个全国“安全生产月”。我们要在全公司范围内开展“安全生产月”系列活动，深入学习贯彻习近平总书记关于安全生产的重要论述和重要指示批示精神，强化全员HSE意识，深学笃行危险化学品安全法，坚决落实好危险化学品“一书一签”要求，严格按制度落实服务商“准入-培训-管理”全流程，坚决压实危险化学品经营安全责任与物流服务商安全管理责任，重点做好仓储库房安全检查和夏季防汛防台准备工作，确保本质安全。要特别注意强化风险防控，坚持“合规为要、避险优先、稳健经营”理念，持续健全“五位一体”风险防控体系，严防交易对手主动违约风险、跌价风险等“六大风险”，做好各产品链市场研判与策略应对，全力筑牢以二次创业推进高质量发展的安全根基。

播报员：欧阳玮奇

一、全球化工市场要情

1.欧盟免征一年氮肥进口关税。

欧盟理事会已敲定新政，尿素等氮肥将免征1年进口关税，政策自公报发布次日起正式生效。免税配额以2024年欧盟最惠国氮肥进口总量为基础核定，同时追加相当于俄罗斯、白俄罗斯当年输欧氮肥量20%的额度；不过俄、白两国化肥不在免税范围内，其产品自2025年7月起已被欧盟加征额外关税。本次免税仅适用于最惠国常规完税氮肥，欧委会将密切关注市场动态，后续或对政策进行调整或延期。关税放宽有助于我国氮肥出口企业降低欧洲市场的出口门槛，企业可把握这一年免税窗口期积极拓展海外市场。

2.沙特阿美转让马来西亚大型炼化股权。

沙特阿美与马来西亚国家石油签约，出让边佳兰炼油、边佳兰石化两家公司全部股权，交割完成后项目将成为马石油全资子公司。项目位于柔佛州边佳兰石化综合体，炼厂原油日加工 30 万桶（折合年加工约 1500 万吨），烯烃基础原料年产能 340 万吨，全品类石化产品合计年产 770 万吨，是东南亚头部炼化一体化基地，总投资 270 亿美元。此次转让，沙特阿美旨在优化海外资产、聚焦主业，马方则借此完善产业链管控。双方股权拆分后，仍保留原油供应、技术、产品分销等合作意向，该交易凸显了国际油企调整下游资产的行业趋势。

3.硫黄价高量紧冲击全球磷肥生产。

中东霍尔木兹海峡停航导致全球近50%的硫磺海运受阻，叠加新能源领域硫磺消耗量大幅增长，硫磺价格从年初的150-180美元/吨暴涨至850-900美元/吨，局部地区甚至接近千美元/吨。美盛、OCP等全球头部磷肥大厂因原料成本倒挂陆续减产；沙特磷肥出口量腰斩，印度二铵招标价达到930-935美元/吨，创近四年新高。全行业面临原料紧缺、生产亏损的困境，全球磷肥货源持续收紧。

二、本周主要化工品市场动态

1. 石脑油CFR日本价格下跌9.4%至784.8美元/吨。

装置及市场动态：本周，亚洲石脑油市场整体下行，成本支撑乏力，供应趋于宽松。阿联酋、俄罗斯到货量增加缓解了供应紧张局面；受裂解收益不佳影响，东北亚乙烯装置开工率偏低，不少工厂转而使用替代原料，终端采购需求持续萎缩。

2. 甲醇CFR中国价格下跌2.1%至392美元/吨。

装置及市场动态：本周，全球甲醇市场区域表现分化，整体行情偏弱。国内甲醇市场前期受烯烃装置检修及需求低迷拖累走弱，后期因出口转口回暖、原油盘面反弹，跌势有所放缓；东南亚市场依托装置检修维持行情稳定，印度及欧美市场则因货源充足、下游需求疲软持续下行。

3. 乙烯CFR东北亚价格下跌6.4%至993.5美元/吨。

装置及市场动态：本周，亚洲乙烯市场延续下行态势。受原油及石脑油价格走弱拖累，成本端支撑减弱，买方持续试探低价采购，而卖方报价心态谨慎，不愿大幅让利，导致场内现货实盘成交稀少。

4. 甲苯FOB韩国价格下跌6.1%至923美元/吨。

装置及市场动态：本周，亚洲甲苯行情弱势运行。受国际原油价格下行拖累，整个芳烃产业链承压；叠加东南亚终端需求疲软、跨区域套利空间收窄，市场看空情绪浓厚，国内及欧美甲苯随大盘同步走弱。

5. 纯苯FOB韩国价格下跌3.4%至1000.2美元/吨。

装置及市场动态：本周，亚洲纯苯价格震荡回落，欧美市场则呈现先稳后跌态势。受原油、石脑油价格大幅下跌击穿成本支撑，叠加中东地缘局势缓和带来货源增量、下游企业因亏损采购意愿低迷等因素影响，亚洲纯苯价格承压下行；欧美市场受原油及苯乙烯走弱拖累，价格同步走低。

6. 对二甲苯（PX）CFR中国价格上涨0.7%至1127.1美元/吨。

装置及市场动态：本周，全球PX市场整体呈现震荡走弱态势。周初，原油价格走强叠加装置检修对行情形成支撑；后续受原油回落、下游需求持续疲软、现货采购不足以及期货走弱的拖累，欧美PX跟随亚洲市场同步下行。

7. 乙二醇CFR中国价格上涨0.5%至583美元/吨。

装置及市场动态：本周，亚洲乙二醇市场呈现窄幅震荡整理态势。中东地缘紧张局势降温削弱了成本端支撑，国内供需陷入僵持、现货交投清淡，市场观望情绪浓厚；东南亚现货资源虽偏紧，但买卖双方价差过大，成交难以放量。

8. 己内级硫酸铵FOB中国价格下跌5.8%至245美元/吨。

装置及市场动态：本周，己内级硫酸铵价格延续回落态势。终端市场尿素价格下行，叠加前期价格处于高位，市场价格随之下调。受法检相关消息尚未落地影响，业者避险情绪浓厚，市场高位成交表现不佳。

9. PP纤维/注塑料CFR东南亚价格下跌2.4%至1243美元/吨。

装置及市场动态：本周，亚洲聚丙烯市场呈现偏弱整理态势。东南亚区域货源供应增加，印尼、越南库存处于高位，下游采购乏力，叠加关税预期的进一步压制，市场行情承压；亚洲贸易商多持币观望，国内生产商则加大对欧美、南美地区的出口以消化库存。

化销国贸护航茂名石化液体橡胶首单“出海”

近日，化销国贸联合化销华中顺利完成首单茂名石化液体橡胶产品的出口订单交付。这一突破不仅标志着我国液体橡胶产品成功打破长期依赖进口的被动局面，更实现了从“国产化替代”到“全球化输出”的重要跨越。

为确保首单顺利交付，化销国贸、化销华中及茂名石化共同商定出口结算模式。在操作层面，各环节紧密协同、高效落地，化销国贸完成海运鉴定证书办理、报关申报要素及单据梳理、出口采销系统流程打通等系列工作，为订单快速落地提供了有力支撑，更为后续液体橡胶产品规模化出口奠定了坚实基础。

液体橡胶凭借低介电、耐化学腐蚀、低VOC（挥发性有机化合物）排放等优异特性，广泛应用于电子、柔性印刷、汽车等高端领域。长期以来，全球高端橡胶市场被国际巨头垄断，国内高端产品进口依存度高。为破解这一瓶颈，中国石化北化院自主研发出液体橡胶成套工业化技术。2023年，依托该技术建成的5000吨/年生产装置在茂名石化顺利投产，实现高性能液体橡胶产品的工业化量产。（赵雪 肖雪 唐政生）

高端聚乙烯ES纤维空运欧洲 成功获得正式采购订单

近日，化销国贸欧洲运营中心凭借优质产品性能与极速服务响应，获得海外客户高度认可，顺利完成了高端聚乙烯ES纤维欧洲市场首轮空运试料交付，并依托优异的试料成果，迅速获得百余吨采购订单。这标志着国产高端聚烯烃海外市场化应用取得重要进展。

受中东地缘政治波动影响，全球化工供应链承压。欧洲运营中心坚持以客户为中心，精准把握市场痛点，为规避客户断料停工、生产延误问题，快速对接、精准匹配客户产品测试与生产需求，摒弃传统海运长周期模式，采用空运方式运送首轮试验料。各部门高效协同、压缩全流程周期，仅用5天时间，便将试验料顺利送达，为客户测试工作争取了充足时间。经试料，产品各项指标完全符合欧洲高端生产标准，高效的交付服务与稳定的产品品质获得客户高度认可。客户迅速敲定百余吨订单，将于近期发运。本次海外试料落地，是我司高端聚烯烃产品进军欧洲市场的关键突破。

聚乙烯ES纤维为高性能双组分复合纤维，依托高低熔点树脂复合特性，可实现热处理无胶粘合，具备柔软蓬松、环保洁净等优势，主要应用于高端无纺布、医疗防护等领域，市场品质标准严苛。（杨丹诺 朱巧影）

化销国贸协同化销华北打通中英天津乙烯首单出口

近日，化销国贸与化销华北紧密协同，成功完成中英天津乙烯现货出口5000吨。这是中英天津建厂以来首次实现该产品出口。

中英天津乙烯装置自投产以来，产品主要供应国内下游客户及周边市场。近期，化销国贸与化销华北抓住国内需求波动及区域供需格局变化带来的市场机遇，精准研判市场走势，敏锐捕捉到东北亚地区的短期出口窗口，迅速启动出口方案，最终锁定一船5000吨乙烯现货订单。

乙烯团队与工厂通力协作，逐一攻克报检、报关、船期协调、港口作业等难点环节，在5月底顺利完成装船出运。此次操作为后续常态化出口积累了宝贵经验。

化销国贸将持续聚焦主责主业，深化与各区域公司协同联动，积极捕捉国际市场机遇，助力系统内企业“走出去”，确保集团效益最大化。（潘杰 刘小平 信沛锟 刘毅 李鸿波）

化销国贸5月VAM出口量创历史新高

今年3月以来，面对复杂多变的国际形势，PVA团队精准研判市场、敏锐把握醋酸乙烯（VAM）出口窗口机会，果断成交，出口量实现大幅增长。其中，5月单月发运量超2025年全年总量，成功刷新单月出口历史纪录，当期出口订单价格显著高于同期国内市场，为3家内部企业创造了较好效益。

这一历史性突破，源于产品条线对市场的精准研判与果断行动，以及各海外运营中心的高效联动:东北亚、美洲运营中心等主动接洽当地客户，成功开发多家新客户，有力拓展了业务版图；物流及执行团队在舱位异常紧张的情况下，充分发挥优势，抢抓舱位确保货物顺利发运。更离不开化销华中和化工物流全力支持：他们在货源组织、运输、集港等工作上主动靠前服务，采取水路、公路、铁路等方式全力保障出口交货。（黄国林 刘毅 申佩迪 王枢）

化销国贸面向境外机构开展化工产品专题培训

为贯彻落实集团公司化工品出口协同工作会议精神，促进各境外兄弟单位商机精准共享，提高信息收集和转化效率，化销国贸依托化工产品出口协同第二次工作小组例会机会，组织开展产品知识专题培训。来自国际事业公司、国际石油工程公司、润滑油公司等14家境内外单位及分支机构代表参训交流。

培训中，化销国贸合成材料、烯烃芳烃、基础化学品3个产品部门紧扣产品属性、用途及产业链特征，结合海外市场实际需求分别做了细致的讲解，并与参训人员互动答疑。此次培训取得了初步效果，为兄弟单位提供了化工产品的相关基础知识和信息搜集方向。（孙同胜）

SCCI Facilitates Maoming Petrochemical’s First Liquid Rubber Export to Overseas Markets

Recently, SCCI, in collaboration with Central-China Company, SCCHC, successfully completed the delivery of the first export order for Maoming Petrochemical’s liquid rubber products. This breakthrough not only marks a successful shift away from long-term reliance on imports for China’s liquid rubber industry, but also represents a significant leap from import substitution to exporting high-end products to global markets.

Thanks to its excellent properties, including a low dielectric constant, strong chemical resistance, and low VOC (volatile organic compound) emissions, liquid rubber is widely used in high-end sectors such as electronics, flexible printing, and the automotive industry. Previously, the global high-end liquid rubber market had been dominated by a handful of international producers, leaving China heavily dependent on imports for premium products. To overcome this challenge, Sinopec North China Research Institute independently developed a complete set of proprietary technologies for the industrial production of liquid rubber. In 2023, a 5,000-ton-per-year production facility utilizing this technology was successfully commissioned at Maoming Petrochemical, enabling the large-scale production of high-performance liquid rubber products.

To facilitate the smooth fulfillment of the order, SCCI, Central-China Company, and Maoming Petrochemical jointly established an export settlement model. At the operational level, all parties worked in close coordination to ensure efficient implementation. SCCI completed a series of tasks, including obtaining marine inspection certificates, preparing customs declaration documentation, and integrating export procurement and sales system processes. These efforts provided strong support for the rapid execution of the order, laying a solid foundation for the future expansion of liquid rubber exports.(Author: Shirley Zhao, Xiao Xue, Tang Zhensheng.Translator: Shirley Zhao.)

High-tech Grade Polyethylene ES Fiber Shipped to Europe by Air, Formal Purchase Order Secured

Recently, the Europe Business Development Center of SCCI earned high recognition from customers thanks to superior product performance and rapid after-sales service. It successfully completed the first trial air shipment of high-tech grade polyethylene ES fiber to the European market and secured a formal purchase order exceeding 100 metric tons following successful product trials, marking a major milestone in the commercialization of domestically produced high-end polyolefin products overseas.

Amid geopolitical tensions in the Middle East, the global chemical supply chain has come under increasing pressure. Focusing on customer needs, the Europe Business Development Center identified key market challenges and acted swiftly. To help customers avoid production disruptions and schedule delays caused by raw material shortages, the team promptly aligned with customer requirements and provided a precise product solution for testing and manufacturing. Instead of relying on conventional sea freight, the team chose air transportation for the first batch of trial materials. Through efficient cross-functional coordination and streamlined execution, the shipment arrived at the customer’s facility within just five days, leaving sufficient time for product validation. Test results confirmed that all product specifications fully met the requirements of high-end European manufacturers. Impressed by both the rapid delivery and consistent product quality, the customer immediately confirmed an order of more than 100 metric tons, with shipment scheduled in the near future. This successful overseas trial marks an important breakthrough in introducing the company’s high-performance polyolefin products to the European market.

Polyethylene ES fiber is a high-performance bicomponent fiber. Utilizing component resins with different melting points, it enables binder-free thermal bonding and offers excellent softness, bulkiness, and environmental performance. Due to its stringent quality requirements and outstanding properties, the material is widely used in premium nonwoven products and medical protective materials.（Author: Yang Dannuo, Zhu Qiaoying.Translator: Yang Dannuo.）

SCCI and North-China Company, SCCHC Collaborate on First Ethylene Export from INEOS Sinopec Tianjin Petrochemicals

Recently, SCCI and North-China Company, SCCHC worked closely together to successfully complete the export of 5,000 tons of ethylene from INEOS Sinopec Tianjin Petrochemicals. This marks the first export shipment of ethylene since the establishment of the joint venture.

Since the start-up of the ethylene facility at INEOS Sinopec Tianjin Petrochemicals, its products have primarily been supplied to domestic downstream customers and regional markets in China. Recently, SCCI and North-China Company, SCCHC capitalized on market opportunities created by fluctuations in domestic demand and shifts in regional supply-demand dynamics. Through careful market analysis, the two parties identified a short-term export opportunity in Northeast Asia and swiftly launched an export plan, ultimately securing a spot order for a single shipment of 5,000 tons of ethylene.

The ethylene team worked closely with the production plant to overcome challenges related to product inspection, customs clearance, vessel scheduling, and port operations. By the end of May, the cargo was successfully loaded and shipped, providing valuable experience for future export operations.

SCCI will continue to focus on its core business, strengthen coordination and collaboration with regional sales companies, actively capture opportunities in international markets, support Sinopec enterprises in expanding overseas, and contribute to maximizing overall group value.（Author: Pan Jie,  Liu Xiaoping, Xin Peikun, Liu Yi, Li Hongbo.Translator: Pan Jie, Yang Dongming.）

SCCI’s VAM Exports Reach Record High in May

Since March, amid a complex and volatile international landscape, SCCI’s PVA team has accurately assessed market trends and seized export opportunities for Vinyl Acetate Monomer (VAM) through timely and decisive market actions, achieving a sharp increase in export volumes. In May alone, shipments exceeded the total volume recorded for the full year of 2025, setting a new monthly export record. Export order prices during this period were significantly higher than those in the domestic market, delivering strong returns for three subsidiaries.

This milestone stems from the product team’s precise market judgment and swift action, as well as the efficient coordination across overseas operations centers: the Northeast Asia Business Development Center and America Business Development Center proactively engaged local clients, successfully onboarding multiple new accounts and expanding SCCI’s business footprint. Meanwhile, logistics and execution teams leveraged their strengths to secure shipping space despite severe shipping space shortages, ensuring smooth dispatch of cargo. The breakthrough was further enabled by the full support of Central-China Company, SCCHC and Sinopec Chemical Logistics Co.,Ltd: they took the initiative in feedstock sourcing, transportation, and port consolidation, adopting multimodal transportation solutions by sea, road, and rail to ensure timely export deliveries.(Author: Huang Guolin, Liu Yi, Shen Peidi, Wang Shu.Translator: Gahom Chan.)

SCCI Conducts Chemical Product Training for Overseas Affiliates

To support Sinopec Group’s efforts to strengthen coordination in chemical exports, SCCI organized a specialized product training session during the second Chemical Export Working Group Meeting. The initiative aimed to strengthen market opportunity sharing among overseas affiliates and improve the collection and utilization of market intelligence. Representatives from 14 Sinopec entities and branches, including China Petrochemical International Co., Ltd., Sinopec International Petroleum Service Corporation, and Sinopec Lubricant Pte. Ltd., attended the session.

During the training, SCCI’s Synthetic Materials Department, Olefins and Aromatics Department, and Basic Chemicals Department delivered in-depth presentations tailored to overseas market needs, covering product characteristics, applications, and industry chain dynamics, followed by interactive Q&A sessions.

The training provided overseas affiliates with a stronger understanding of key chemical products and clearer guidance on collecting and reporting market intelligence.(Author: Sun Tongsheng.Translator: Gahom Chan.)