化工日报-20251016

Report Industry Investment Ratings - Urea: ★☆☆ [1] - Methanol: ★☆☆ [1] - Styrene: ★★★ [1] - Polypropylene: ★☆☆ [1] - PVC: ★☆☆ [1] - PX: ☆☆☆ [1] - PTA: ☆☆☆ [1] - Ethylene Glycol: ★★★ [1] - Short Fiber: ☆☆☆ [1] - Glass: ★★★ [1] - Soda Ash: ☆☆☆ [1] - Bottle Chip: ★☆☆ [1] - Propylene: ★☆☆ [1] Core Viewpoints - The overall chemical market shows a complex situation with different products having varying supply - demand relationships and price trends. The market is affected by multiple factors such as geopolitical events, trade frictions, and seasonal demand changes [2][3][5] Summary by Relevant Catalogs Olefins - Polyolefins - Propylene futures fluctuate below the 5 - day moving average. Demand weakens again after a short - term recovery, and the market trading atmosphere is average [2] - PE supply pressure increases, and terminal demand is limited. PP has more maintenance devices, but supply remains loose, and demand support is insufficient [2] Polyester - PX price rebounds, driving downstream products up. PTA supply is expected to increase, and overall PTA supply - demand is expected to be weak. In the short - term, prices may stabilize, but in the medium - term, they may continue to be weak [3] - Ethylene glycol domestic operation declines slightly, and the port continues to accumulate inventory. The impact of Sino - US trade on hexanediol is positive [3] - Short fiber follows the raw material to rebound. Spot is firm, but there is a risk of demand weakening in the future [3] Pure Benzene - Styrene - Pure benzene futures rebound, but the market is affected by high imports and expected demand decline. Styrene supply is sufficient, and terminal demand support is worrying [5] Coal Chemical Industry - Methanol import supply rhythm is affected by geopolitical factors, and it is necessary to pay attention to port inventory changes. Urea supply is loose, and the market is likely to continue to be weak [6] Chlor - Alkali - PVC may fluctuate weakly due to high supply pressure and export challenges. Caustic soda shows a marginal improvement trend, and the decline of futures price is expected to be limited [7] Soda Ash - Glass - Soda ash continues to accumulate inventory, and the supply - demand surplus pattern remains unchanged. Glass may rise due to supply - side news despite weak current reality [8]