Xin Lang Cai Jing·2026-01-14 23:47Core Viewpoint - Since 2021, the chemical and petrochemical industries have seen increased capital expenditures due to high prices of chemical products, initiating a new round of capacity expansion [1] Group 1: Industry Trends - From 2022 onwards, the release of new capacities, combined with a decline in crude oil prices, has led to a continuous drop in the prices of most chemical products [1] - Domestic companies have adopted a strategy of price competition to gain market share, resulting in an overall decline in profitability [1] Group 2: Future Outlook - As of 2024, most chemical product prices are stabilizing at the bottom, and corporate profitability remains under pressure [1] - With the introduction of subsequent growth stabilization plans, it is anticipated that some outdated capacities may be eliminated, leading to a marginal improvement in the overall supply-demand structure of the industry and an increase in product profitability [1]