惠誉评级预期,中国旨在抑制恶性竞争的“反内卷”政策对炼油行业财务表现形成适度支持,随着对新增产能的限制趋严和部分产能出清,利润率有望企稳。不过,惠誉认为,下游石油化工生产商产能过剩将持续,因而利润率将继续承压。政府最新出台的《石化化工行业稳增长工作方案(2025-2026 年)》对炼油行业设定了更严格的产能规定,延续此前淘汰200万吨/年及以下常减压装置的目标。根据最新方案,未来新增产能规模仅可...
Source Link惠誉评级预期,中国旨在抑制恶性竞争的“反内卷”政策对炼油行业财务表现形成适度支持,随着对新增产能的限制趋严和部分产能出清,利润率有望企稳。不过,惠誉认为,下游石油化工生产商产能过剩将持续,因而利润率将继续承压。政府最新出台的《石化化工行业稳增长工作方案(2025-2026 年)》对炼油行业设定了更严格的产能规定,延续此前淘汰200万吨/年及以下常减压装置的目标。根据最新方案,未来新增产能规模仅可...
Source LinkDisclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.