Report Industry Investment Ratings - Polypropylene: Not clearly stated, but implied in the star - rating system [1] - Styrene: Not clearly stated, but implied in the star - rating system [1] - PX: Not clearly stated, but implied in the star - rating system [1] - PTA: Not clearly stated, but implied in the star - rating system [1] - Ethylene Glycol: Not clearly stated, but implied in the star - rating system [1] - Short Fiber: Not clearly stated, but implied in the star - rating system [1] - Bottle Chip: Not clearly stated, but implied in the star - rating system [1] - Methanol: Not clearly stated, but implied in the star - rating system [1] - Urea: Not clearly stated, but implied in the star - rating system [1] - PVC: One green star, representing a bearish trend with limited trading operability [1][7] - Caustic Soda: One red star, representing a bullish trend with limited trading operability [1][7] - Glass: One green star, representing a bearish trend with limited trading operability [1][8] - Soda Ash: One green star, representing a bearish trend with limited trading operability [1][8] Core Viewpoints - The chemical market shows a complex situation with different trends for various products. Some products face supply - demand imbalances, cost changes, and seasonal factors that affect their prices and market outlooks [2][3][4][5][6][7][8] Summary by Product Methanol - The methanol market is expected to be weak. Coastal olefin plant utilization has increased, but imports have led to port inventory accumulation. Coal prices are falling, and domestic production is high, with post - holiday inventory build - up expected [2] Urea - Urea futures prices are falling. Agricultural demand is scattered, and compound fertilizer production is decreasing. Exports are becoming clearer, and production enterprises have large inventory accumulations. The short - term market will be weakly volatile [3] Polyolefins - Polyolefin futures rose slightly. Macro news has boosted market sentiment, but polyethylene demand is in the off - season, and the polypropylene market is in a state of low supply and demand [4] Polyesters - The polyester industry has different trends. PX and PTA prices rebounded, but PX supply - demand is weakening. Ethylene glycol prices followed the rebound but face future pressure. Short - fiber prices rebounded, and bottle chips are in the peak season [6] Chlor - Alkali - PVC prices are falling due to cost reduction and supply - demand imbalance. There is new production expected in June, and exports may weaken. Caustic soda inventory is decreasing, but demand is not strong, and prices are under pressure [7] Glass and Soda Ash - Glass prices are falling due to high inventory and upcoming rainy seasons. Soda ash prices are also falling, with inventory pressure and expected supply increase [8]
国投期货化工日报-20250529
Guo Tou Qi Huo·2025-05-29 11:28