机构：石化化工行业景气低位徘徊 高质量发展谋新篇

Core Viewpoint - The Ministry of Industry and Information Technology and six other departments have issued the "Work Plan for Stable Growth in the Petrochemical Industry (2025-2026)", aiming for an average annual growth of over 5% in the industry's added value during this period, with a focus on economic recovery, technological innovation, and high-quality development [1] Group 1: Industry Growth and Development Goals - The petrochemical industry aims for an average annual growth of over 5% in added value from 2025 to 2026 [1] - Key objectives include stabilizing economic benefits, enhancing technological innovation capabilities, and improving safety and environmental standards [1] - The industry is expected to transition from standardized construction to high-quality development in chemical parks [1] Group 2: Market Outlook and Strategic Initiatives - Galaxy Securities notes that the petrochemical industry is currently at a low point but is poised for high-quality development during a strategic window for global industry restructuring [1] - The "14th Five-Year Plan" period is anticipated to see the industry push for high-quality transformation through self-regulation, policy guidance, and the exit of outdated capacities [1] - National Securities predicts that with the ongoing efforts to eliminate inefficient capacities, the supply-demand structure will gradually optimize, leading to potential profit recovery in the chemical industry [1] Group 3: Demand and Investment Opportunities - By September 2025, a recovery in overseas demand for certain chemical products is expected, alongside a boost in domestic demand [1] - There is a recommendation to focus on the improvement of the medium to long-term supply-demand landscape and investment in chemical products with scarce resource attributes [1]