化工日报-20251013

Report Industry Investment Ratings - Urea: Bullish [1] - Methanol: Bearish [1] - Pure Benzene: Bullish [1] - Styrene: Bearish [1] - Polypropylene: Bearish [1] - Plastic: Bullish [1] - PVC: Bearish [1] - Caustic Soda: Bullish [1] - PX: Bullish [1] - PTA: Bearish [1] - Ethylene Glycol: Bearish [1] - Short Fiber: Bearish [1] - Glass: Bullish [1] - Soda Ash: Bearish [1] - Bottle Chip: Bullish [1] - Propylene: Bearish [1] Core Views - The overall chemical market is affected by multiple factors such as oil prices, trade frictions, and supply - demand relationships, with different product trends varying [2][3][5] - Some products are facing supply pressure, while others are influenced by demand changes and cost fluctuations Summary by Relevant Catalogs Olefins - Polyolefins - Propylene futures prices decline due to lower oil prices and weak demand [2] - Plastic and polypropylene futures prices are under pressure, with supply increase expectations and inventory digestion pressure [2] Pure Benzene - Styrene - Pure benzene is affected by oil prices and trade frictions, with a complex market situation [3] - Styrene futures prices continue to decline, with supply increments exceeding demand improvements [3] Polyester - PX and PTA prices are weak but the impact of trade frictions is weakening, and long - term supply - demand is under pressure [5] - Ethylene glycol's downward space depends on the energy market, and there are trading suggestions for spreads [5] - Short fiber prices decline slightly, and bottle chip may face weakening demand [5] Coal Chemical Industry - Methanol prices rise due to potential import reduction, and the market may be strong in the short term [6] - Urea supply is high, and the demand is weak, with a likely weak market [6] Chlor - Alkali - PVC may have a weak and oscillating trend due to trade frictions and supply pressure [7] - Caustic soda may oscillate strongly with supply pressure relief and potential downstream demand [7] Soda Ash - Glass - Soda ash prices oscillate, with an oversupply situation in the long term [8] - Glass prices are weak, with high inventory and cautious operation suggestions [8]