人民财讯1月9日电，京东外卖官微发文称，1月9日，国务院反垄断反不正当竞争委员会办公室宣布，对 外卖平台服务行业市场竞争状况开展调查、评估。公司坚决支持并欢迎这一决定，高度赞同反内卷、维 护市场公平竞争秩序、保障消费者与经营者、骑手合法权益的措施。公司坚定不移地抵制行业内存在的 内卷式恶性竞争，将通过供应链模式创新，大力推动品质外卖的高质量发展，更好地服务广大消费者、 合作商家与骑手，促进外卖平台服务行业创新和健康发展。 ...

Report Information - **Report Title**: Energy and Chemical Weekly - **Date**: January 9, 2026 - **Research Team**: Energy and Chemical Research Team of Jianxin Futures Industry Investment Ratings No specific industry investment ratings are provided in the report. Core Views - The oil market is affected by geopolitical events such as the US takeover of Venezuela's oil industry and the turmoil in Iran. Crude oil supply has an increasing expectation, and the market faces a large inventory accumulation pressure in Q1 2026. Oil prices still have a risk of decline [7][10]. - The asphalt market has relatively balanced supply and demand, and the raw material end has certain support. It is expected that asphalt prices may run strongly. It is recommended to consider going long on asphalt and short on crude oil [30][31]. - The polyester market is in a demand - off season. PTA is expected to transition from de - stocking to inventory accumulation, and its price may decline slightly. Ethylene glycol is expected to maintain a concentrated inventory accumulation before and after the Spring Festival, and its price may have a small - scale callback [57][58]. - The price of polyester staple fiber is expected to decline due to weakening cost and poor supply - demand structure [66]. - The polyolefin market is expected to rise first and then fall under the drive of supply recovery and demand entering the off - season inventory digestion cycle [84]. - The polysilicon market has an upward price but no improvement in fundamentals. The downstream is in a cycle of production reduction, and the terminal demand is in an off - season [118]. - The industrial silicon market has a neutral performance. The supply is at a seasonal low, the demand is weak, and the inventory is high. The futures price is expected to fluctuate within a range [138]. - The pulp market has limited fundamental changes and is expected to operate in a volatile adjustment [154]. Summary by Directory Crude Oil 1. Market Review and Operation Suggestions - WTI crude oil closed at $58.28/barrel, up 1.66%; Brent crude oil closed at $62.79/barrel, up 3.27%; SC crude oil closed at 432.7 yuan/barrel, up 0.12%. The US takeover of Venezuela's oil industry and the turmoil in Iran have affected the oil price. The market faces inventory accumulation pressure in Q1 2026, and oil prices have a risk of decline [7]. 2. Fundamental Changes - The US takeover of Venezuela's oil industry and the turmoil in Iran have affected the supply and demand of the oil market. The US crude oil inventory decreased, but the refined oil inventory increased. The inventory accumulation speed in Q1 2026 slowed down slightly [10]. Asphalt 1. Market Review and Operation Suggestions - The BU2603 contract closed at 3171 yuan/ton, down 4.45%. The spot prices in Shandong, East China, and South China all increased. The supply of asphalt may decrease, and the demand is divided between the north and the south. It is recommended to go long on asphalt and short on crude oil [30][31]. 2. Fundamental Changes - The cost is affected by the oil market. The domestic asphalt device maintenance loss increased, and the average operating load rate decreased. The production profit increased. The demand is divided between the north and the south, and the inventory increased [33][34][35]. Polyester 1. Market Review and Operation Suggestions - The cost support for PTA is weakening, and the demand is decreasing. It is expected to transition from de - stocking to inventory accumulation, and the price may decline slightly. Ethylene glycol is expected to maintain inventory accumulation, and the price may have a small - scale callback [57][58]. 2. Main Driving Forces - The downstream consumption demand is decreasing. The supply of PTA is expected to decrease, and the price may decline. The ethylene glycol industry's operating load rate decreased, the inventory increased, and the profit increased slightly [59][60][62]. Polyester Staple Fiber 1. Market Review and Operation Suggestions - The price of polyester staple fiber in the East China market declined last week. This week, the cost support is weak, the supply is loose, and the demand is in an off - season. It is expected that the price will decline [66]. 2. Main Driving Forces - The downstream consumption demand is weakening. The operating load rate of the polyester staple fiber industry is stable, and the supply is loose. The cost and supply - demand factors drag down the price [67][68]. Polyolefin 1. Market Review and Operation Suggestions - The futures and spot prices of polyolefin increased last week. The supply pressure of polypropylene decreased, and the supply pressure of plastics increased slightly. The demand is in an off - season, and it is expected to rise first and then fall [76][84]. 2. Fundamental Changes - Polypropylene has more temporary maintenance, and the production decreases. The production of polyethylene increases slightly. The production profit of different raw materials has different changes. The inventory of two - oil companies decreased, and the downstream operating rate is divided [85][90][99]. Polysilicon 1. Market Review and Outlook - The price of polysilicon increased, but the fundamentals have no improvement expectation. The downstream is in a cycle of production reduction, and the terminal demand is in an off - season [118]. 2. Overview of the Photovoltaic Industry's Fundamentals - The market supervision department has taken regulatory measures. The prices of the photovoltaic industry chain are running strongly, but the supply exceeds demand, and the inventory removal resistance is large [119][121]. Industrial Silicon 1. Futures Review and Outlook - The price of industrial silicon futures declined, and the trading volume and open interest increased. The supply is at a seasonal low, the demand is weak, and the inventory is high. The futures price is expected to fluctuate within a range [138]. 2. Overview of the Industrial Silicon's Fundamentals - The prices of the industrial silicon industry chain are running strongly. The production of industrial silicon is at a seasonal low, the demand is weak, the export is stable, and the inventory is slowly accumulating [139][140][141]. Pulp 1. Pulp Market Review and Outlook - The price of pulp futures declined slightly. The spot prices of imported pulp mostly increased. The fundamentals of pulp changed little, and it is expected to operate in a volatile adjustment [153][154]. 2. Fundamental Changes - The pulp shipment volume of major producing countries decreased in November. China's pulp import volume increased in November. The global pulp inventory days increased, and the domestic and European port inventories decreased. The downstream market is stable [155][161][168].

Core Viewpoint - The State Administration for Market Regulation has initiated an investigation into the competitive landscape of the food delivery platform service industry to address issues of unfair competition and market order [1][3]. Group 1: Background and Considerations - The central government emphasizes the importance of innovation and healthy development in the platform economy, with food delivery services playing a crucial role in consumption, employment, and innovation [3]. - Recent issues in the food delivery sector, such as aggressive subsidies, price wars, and traffic control, have led to significant pressure on the real economy and intensified "involution" competition, prompting strong societal feedback [3]. Group 2: Investigation Details - The investigation aims to express concerns about competition, assess monopoly risks, and regulate market order through methods like on-site verification, face-to-face interviews, and surveys [4]. - The food delivery platforms are expected to cooperate with the investigation and adhere to antitrust compliance responsibilities to mitigate monopoly risks and promote fair competition [4].

Core Viewpoint - The State Council's Anti-Monopoly and Anti-Unfair Competition Committee Office has initiated an investigation into the competitive status of the food delivery platform service industry, emphasizing the importance of fair competition and compliance with the Anti-Monopoly Law [1][2]. Group 1: Investigation Purpose and Importance - The investigation aims to express concerns about competition, assess monopoly risks, and regulate market order within the food delivery platform sector, which plays a significant role in promoting consumption, expanding employment, and driving innovation [1][2]. - Recent issues such as excessive subsidies, price wars, and traffic control have been highlighted as detrimental to the real economy and have intensified "involution" competition within the industry, prompting strong societal feedback [1]. Group 2: Investigation Methodology - The investigation will utilize methods such as on-site verification, face-to-face interviews, and surveys to gain a comprehensive understanding of competitive behaviors among food delivery platforms [2]. - The committee will gather opinions from various stakeholders, including platform operators, new employment groups, and consumers, to conduct a thorough market competition analysis and propose regulatory measures [2]. Group 3: Compliance and Future Development - Food delivery platforms are expected to actively cooperate with the market investigation and adhere to anti-monopoly compliance responsibilities to effectively prevent and mitigate monopoly risks [2]. - The goal is to foster innovation and healthy development within the food delivery service industry through fair market competition [2].

Core Viewpoint - The State Council's Anti-Monopoly and Anti-Unfair Competition Committee Office has initiated an investigation and assessment of the market competition status in the food delivery platform service industry to ensure fair competition and compliance with the law [2][3]. Group 1: Background and Considerations - The investigation is driven by the importance placed by the central government on the innovation and healthy development of the platform economy, with food delivery platforms playing a significant role in promoting consumption, expanding employment, and driving innovation [2]. - Recent issues in the food delivery platform service industry, such as aggressive subsidies, price wars, and traffic control, have been reported to negatively impact the real economy and exacerbate "involution" competition, prompting strong societal feedback [2]. Group 2: Investigation and Assessment Process - The investigation will involve on-site verification, face-to-face interviews, and surveys to gain a comprehensive understanding of competitive behaviors within food delivery platforms [3]. - The committee aims to gather opinions from various stakeholders, including platform operators, new employment groups, and consumers, to conduct thorough market competition analysis and propose regulatory measures [3]. - Food delivery platforms are expected to cooperate with the investigation and adhere to anti-monopoly compliance responsibilities to mitigate monopoly risks and promote innovation and healthy development in the industry [3].

近日，国务院反垄断反不正当竞争委员会办公室对外卖平台服务行业市场竞争状况开展调查、评估。对 此，国务院反垄断反不正当竞争委员会办公室有关负责同志答记者问。 本次调查评估是委员会办公室表达竞争关注、评估垄断风险、规范市场秩序的重要举措，将通过现场核 实、当面访谈、问卷调查等方式，深入了解外卖平台竞争行为，广泛听取平台内经营者、新就业群体、 消费者等各方意见，全面调查市场竞争状况，组织开展分析论证，传导监管压力，提出处置措施。外卖 平台要积极配合市场调查、评估工作，严格落实反垄断合规主体责任，有效防范化解垄断风险，公平参 与市场竞争，促进外卖平台服务行业创新和健康发展。 来源：央视新闻 问：请介绍一下国务院反垄断反不正当竞争委员会办公室宣布对外卖平台服务行业开展市场竞争状况调 查评估的相关背景和主要考虑？ 答：党中央、国务院高度重视平台经济创新和健康发展。外卖平台服务行业作为我国平台经济的重要组 成部分，在促进消费、扩大就业、推动创新等方面发挥了重要作用。但近段时间以来，外卖平台服务行 业拼补贴、拼价格、控流量等问题突出，挤压实体经济，加剧行业"内卷式"竞争，社会各方面反映强 烈。为推动外卖平台依法合规经营、公平 ...

Core Viewpoint - The State Council's Anti-Monopoly and Anti-Unfair Competition Committee Office has initiated an investigation and assessment of the market competition status in the food delivery platform service industry to address issues of competition and promote fair practices [2][3]. Group 1: Background and Considerations - The food delivery platform service industry is a significant part of China's platform economy, contributing to consumption, employment, and innovation [2]. - Recent issues such as subsidy wars, price competition, and traffic control have been reported, which are squeezing the real economy and intensifying "involution" competition within the industry [2]. - The investigation aims to ensure compliance with laws and regulations, promote fair competition, and establish a healthy market order [2][3]. Group 2: Investigation and Assessment Process - The investigation will involve on-site verification, face-to-face interviews, and surveys to gather comprehensive insights into competitive behaviors within the food delivery platforms [3]. - The committee will solicit opinions from various stakeholders, including platform operators, new employment groups, and consumers, to conduct a thorough market competition assessment [3]. - Food delivery platforms are expected to cooperate with the investigation and adhere to anti-monopoly compliance responsibilities to mitigate monopoly risks and foster innovation and healthy development in the industry [3].

Core Viewpoint - The State Council's Anti-Monopoly and Anti-Unfair Competition Committee Office has initiated an investigation and assessment of the market competition status in the food delivery platform service industry, highlighting concerns over unhealthy competition practices such as subsidies, price wars, and traffic control that negatively impact the real economy [1][2]. Group 1: Background and Considerations - The food delivery platform service industry is a significant component of China's platform economy, contributing to consumption, employment, and innovation [1]. - Recent issues in the industry, including aggressive competition tactics, have raised strong societal concerns and are seen as detrimental to fair market practices [1]. - The investigation aims to promote lawful and compliant operations within the food delivery platforms, fostering a market order characterized by quality and fair pricing [1]. Group 2: Investigation and Assessment Process - The investigation will involve on-site verification, face-to-face interviews, and surveys to gain a comprehensive understanding of competitive behaviors within the food delivery platforms [2]. - The committee will gather opinions from various stakeholders, including platform operators, new employment groups, and consumers, to conduct a thorough market competition analysis [2]. - Food delivery platforms are expected to cooperate with the investigation and adhere to anti-monopoly compliance responsibilities to mitigate monopoly risks and engage in fair competition [2].

来源：央视新闻 近日，国务院反垄断反不正当竞争委员会办公室依据《中华人民共和国反垄断法》，对外卖平台 服务行业市场竞争状况开展调查、评估。 国务院反垄断反不正当竞争委员会办公室有关负责同志答记者问 近日，国务院反垄断反不正当竞争委员会办公室对外卖平台服务行业市场竞争状况开展调查、评 估。对此，国务院反垄断反不正当竞争委员会办公室有关负责同志答记者问。 问：请介绍一下国务院反垄断反不正当竞争委员会办公室宣布对外卖平台服务行业开展市场竞争 状况调查评估的相关背景和主要考虑？ 答： 党中央、国务院高度重视平台经济创新和健康发展。外卖平台服务行业作为我国平台经济的 重要组成部分，在促进消费、扩大就业、推动创新等方面发挥了重要作用。但近段时间以来，外 卖平台服务行业拼补贴、拼价格、控流量等问题突出，挤压实体经济，加剧行业"内卷式"竞争， 社会各方面反映强烈。为推动外卖平台依法合规经营、公平有序竞争，形成优质优价、良性竞争 的市场秩序，国务院反垄断反不正当竞争委员会办公室（以下简称委员会办公室）依据《中华人 民共和国反垄断法》规定，决定对外卖平台服务行业市场竞争状况开展调查、评估。 本次调查评估是委员会办公室表达竞争关注 ...

风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 答：党中央、国务院高度重视平台经济创新和健康发展。外卖平台服务行业作为我国平台经济的重要组 成部分，在促进消费、扩大就业、推动创新等方面发挥了重要作用。但近段时间以来，外卖平台服务行 业拼补贴、拼价格、控流量等问题突出，挤压实体经济，加剧行业"内卷式"竞争，社会各方面反映强 烈。为推动外卖平台依法合规经营、公平有序竞争，形成优质优价、良性竞争的市场秩序，国务院反垄 断反不正当竞争委员会办公室（以下简称委员会办公室）依据《中华人民共和国反垄断法》规定，决定 对外卖平台服务行业市场竞争状况开展调查、评估。 本次调查评估是委员会办公室表达竞争关注、评估垄断风险、规范市场秩序的重要举措，将通过现场核 实、当面访谈、问卷调查等方式，深入了解外卖平台竞争行为，广泛听取平台内经营者、新就业群体、 消费者等各方意见，全面调查市场竞争状况，组织开展分析论证，传导监管压力，提出处置措施。外卖 平台要积极配合市场调查、评估工作，严格落 ...