市场快讯：原油跌停，化工大面积飘绿

Report Summary 1. Report Industry Investment Rating - Not provided 2. Core Viewpoints - As of the time of publication, the chemical sector has weakened significantly. The main contracts of crude oil and fuel oil have hit the daily limit down. Asphalt and LPG have both fallen by more than 4%, and the aromatics series including PTA, PX, pure benzene, and styrene have all declined by over 4%. The olefin series such as plastics and PP have dropped by more than 2%. The varieties with supply - demand mismatches due to Middle - East geopolitical factors in the early stage have larger declines [7]. - The decline is mainly affected by three factors: the nomination of Kevin Warsh as the Fed Chairman, which strengthens the expectation of a supportive dollar and weakens gold; the decline of China's manufacturing PMI in January 2026, indicating a slowdown in manufacturing market demand; and the cooling of geopolitical risks as the US and Iran show signs of peace talks and the cancellation of a planned military exercise [7]. - For the later trend, attention should be paid to the uncertainty of the geopolitical situation, the overseas economic downturn and the Fed's interest - rate cut rhythm, and the demand verification of chemical products from March to April after the Spring Festival [7]. - Short - term investors are advised to control positions and avoid risks, and chemical industry chain enterprises are advised to use futures or options to hedge risks [7]. 3. Summary by Related Content Current Market Situation - The chemical sector has weakened significantly. Crude oil and fuel oil main contracts have hit the daily limit down. Asphalt, LPG, aromatics series, and olefin series have all declined to varying degrees [7]. Reasons for the Decline - The nomination of Kevin Warsh as the Fed Chairman affects market sentiment and weakens gold [7]. - China's manufacturing PMI in January 2026 has declined, indicating a slowdown in market demand, and the chemical industry's peak - season expectation needs to be verified after the Spring Festival [7]. - Geopolitical risks have cooled, and the geopolitical premium of crude oil and methanol has been squeezed out [7]. Later Trend Focus - Pay attention to the uncertainty of the geopolitical situation [7]. - Overseas economic downturn and the Fed's interest - rate cut rhythm [7]. - Demand verification of chemical products from March to April after the Spring Festival [7]. Operation Suggestions - Short - term investors should control positions and avoid risks [7]. - Chemical industry chain enterprises should use futures or options to hedge risks [7].