化工日报-20260212

Report Industry Investment Ratings - Propylene: ★★★ [1] - Plastic: ★★★ [1] - Polypropylene: ★★★ [1] - Styrene: ★★★ [1] - PX: ★★★ [1] - PTA: ★★★ [1] - Ethylene Glycol: ★★★ [1] - Short Fiber: ★★★ [1] - Bottle Chip: ★★★ [1] - Methanol: ★★★ [1] - Urea: ★★★ [1] - PVC: ★★★ [1] - Caustic Soda: ★★★ [1] - Soda Ash: ★★★ [1] - Glass: ★★★ [1] Core Views - The market is affected by factors such as the approaching Spring Festival, demand changes, and supply adjustments, with different trends in various chemical products [2][3][5] - Some products face supply - demand imbalances in the short - term, while others have potential opportunities in the medium - to long - term depending on factors like inventory changes and demand recovery [3][5][7] Summary by Directory Olefins - Polyolefins - Propylene futures closed up with limited market news, stable trading, and some price increases [2] - PE market may be stable to weak in the short - term due to reduced demand and continued supply pressure [2] - Polypropylene is in a weak downward situation due to reduced demand and expected supply increase [2] Polyester - PX and PTA decreased due to approaching Spring Festival and weakening demand, but there are potential opportunities in the second quarter [3] - Ethylene glycol is in range - bound, with potential improvement in the second quarter but long - term pressure [3] - Short fiber load decreased, inventory is low, and the price follows raw materials [3] - Bottle chip has short - term raw material - following trends, and mid - term attention is on post - holiday demand and de - stocking [3] Pure Benzene - Styrene - Pure benzene futures oscillated, and the spot market rose slightly. Post - holiday supply - demand is expected to improve [5] - Styrene fundamentals may weaken in the short - term due to increased supply and decreased demand [5] Coal Chemical Industry - Methanol has a weak fundamental situation, but post - holiday de - stocking is expected [6] - Urea prices may rise in the short - term and continue to be strong after the holiday [6] Chlor - Alkali - PVC may see a price increase due to cost support and export demand, with a buy - on - dips strategy [7] - Caustic soda is expected to trade around cost due to cost support and downstream feedback [7] Soda Ash - Glass - Soda ash faces supply - demand surplus pressure, with a high - selling strategy [8] - Glass may have a seasonal inventory build - up, but there are potential buying opportunities at low valuations [8]