Sou Hu Cai Jing·2026-01-26 08:59Group 1: Natural Gas Market Insights - US natural gas prices saw a significant increase on January 25, with futures prices reaching $6 per million British thermal units for the first time since 2022 [1] - EIA forecasts a natural gas average price of $3.46 and $4.59 per million British thermal units for 2026 and 2027, respectively, indicating a downward adjustment in price expectations [2] - Companies involved in the natural gas industry include Sinopec, which engages in the entire value chain from extraction to end supply [3] Group 2: Oil Market Insights - Three major institutions have raised their oil supply forecasts, with EIA predicting a surplus of 2.83 million barrels per day in global crude oil supply by 2026 [2] - The average crude oil prices are projected to be $56 and $54 per barrel for 2026 and 2027, respectively [2] - Sinopec is involved in upstream oil resource development, while Shanghai Petrochemical focuses on refining and production of refined oil products [5][6] Group 3: Petrochemical Industry Insights - Sinopec manufactures basic petrochemical products such as olefins and aromatics, covering multiple segments of the petrochemical value chain [8] - Hengli Petrochemical operates in an integrated refining and petrochemical business model, processing raw materials into manufactured products [8] - Hongchuan Wisdom provides storage and logistics services for petrochemical products, participating in the warehousing and distribution segment of the petrochemical industry [9]