化工日报-20260113

Report Industry Investment Ratings - Propylene: ★★★ (indicating a clear upward trend and a relatively appropriate investment opportunity) [1] - Polypropylene: ★★★ [1] - Plastic: ★★★ [1] - Pure Benzene: ★★★ [1] - Styrene: ★★★ [1] - PX: ★★★ [1] - PTA: ★★★ [1] - Ethylene Glycol: ★★★ [1] - Short Fiber: ★★★ [1] - Bottle Chip: ★★★ [1] - Methanol: ★★★ [1] - Urea: ★★★ [1] - PVC: ★★★ [1] - Caustic Soda: ★☆☆ (indicating a bullish/bearish bias with limited operability on the market) [1] - Soda Ash: ★☆☆ [1] - Glass: ★★★ [1] Core Viewpoints - The chemical industry shows different trends in various sectors. Some are influenced by factors such as international oil prices, supply - demand relationships, and industry maintenance plans [2][3][5]. - Different products have different investment outlooks, with some having potential upward trends and others facing downward pressures [1][2][3] Summary by Relevant Catalogs Olefins - Polyolefins - Propylene futures opened high and closed low, testing the 5 - day moving average. International oil price increases and supply reduction expectations support the price [2]. - Plastic and polypropylene futures closed up. For polyethylene, cost support strengthened, and some spot was tight. For polypropylene, more maintenance led to reduced supply, and downstream demand was stable [2]. Pure Benzene - Styrene - Pure benzene futures were strong due to rising oil prices, but fundamentals were weak with high inventory and reduced future maintenance [3]. - Styrene futures had a narrow - range consolidation. Cost support from oil prices was strong, and supply - demand was in a tight balance with slightly reduced inventory [3]. Polyester - PX and PTA demand will decline due to maintenance plans, but oil price recovery provides cost support. Terminal demand is weakening, and polyester开工 is expected to decline [5]. - For ethylene glycol, new domestic plants are about to start production, and overseas plants are shutting down. There is short - term pressure, but there may be improvement in the second quarter [5]. - Short fiber demand is weakening as downstream orders are few and profits are thin. It follows raw material price fluctuations [5]. - Bottle chip demand is weakening, and there are maintenance expectations. It is mainly driven by cost [5]. Coal Chemical Industry - Methanol prices fluctuated sharply. Overseas supply decreased, but domestic production was high, and demand was entering the off - season. The driving force for price increase weakened [6]. - Urea prices were in a stalemate. Daily production increased, and commercial reserves increased. Short - term prices may decline slightly, but the downward space is limited [6]. Chlor - Alkali Industry - PVC showed a strong - biased trend. Maintenance decreased, but downstream demand was low. There may be arbitrage opportunities from export tax rebates, and long - term de - capacity is expected [7]. - Caustic soda was in a weak state. Chlorine market was good, but the industry was generally in loss, and there may be production cuts in the future [7]. Soda Ash - Glass - Soda ash was in a weak state. Supply pressure was high, and downstream demand was poor. It should be treated with a high - short strategy [8]. - Glass was also weak. Production was in loss, and demand was insufficient. Supply decreased, and there may be long - term low - buying opportunities [8]