《能源化工》日报-20251016

Report Industry Investment Ratings No relevant content provided. Core Views of the Reports Polyolefins - The post - holiday inventory pressure of polyolefins remains significant. In the medium - to - long - term, the supply pressure is prominent, and the upside space of the 01 contract is limited [2]. Methanol - The 01 contract is swinging between real - world pressure and future expectations. Supply has a resumption expectation, and demand is weak. Attention should be paid to the expected supply reduction due to overseas gas restrictions in mid - October [5]. PVC and Caustic Soda - Caustic soda prices are under pressure in the short term but have demand support in the long - term. PVC has a short - term inventory build - up pressure and the external macro - environment may affect the market [7]. Polyester Industry Chain - PTA may oscillate weakly in the short term. Ethylene glycol is expected to be weak, short - fiber has a weak supply - demand expectation, and bottle - chip may enter a seasonal inventory build - up channel [8]. Pure Benzene and Styrene - The supply of pure benzene is expected to be loose in October, and its price drive is weak. Styrene supply is expected to remain high, and its price is under pressure [9]. Summary by Related Catalogs Polyolefins - Prices: L2601, PP2601, etc. showed small declines on October 15 compared to October 14 [2]. - Inventory: PE and PP enterprise and social inventories increased [2]. - 开工率: PE and PP device and downstream weighted opening rates increased to varying degrees [2]. Methanol - Prices: MA2601 and MA2605 prices increased, while some spot prices decreased [5]. - Inventory: Methanol enterprise inventory increased, while port and social inventories decreased [5]. - 开工率: Some upstream and downstream opening rates increased, while some decreased [5]. PVC and Caustic Soda - Prices: Some prices remained stable, while some showed small changes [7]. - Inventory: PVC upstream factory and total social inventories increased [7]. - 开工率: Some opening rates were not available, and some PVC downstream product opening rates decreased [7]. Polyester Industry Chain - Prices: Most upstream and downstream product prices decreased slightly [8]. - Inventory: MEG port inventory increased, and the arrival expectation also increased [8]. - 开工率: Some opening rates increased, while some decreased [8]. Pure Benzene and Styrene - Prices: Some upstream and downstream product prices decreased slightly [9]. - Inventory: Pure benzene and styrene Jiangsu port inventories decreased [9]. - 开工率: Some opening rates increased, while some decreased [9].