Report Industry Investment Ratings - Polypropylene: ★★★ [1] - Pure Benzene: ★★☆ - PX: ★★☆ - Ethylene Glycol: ★★★ - Bottle Chip: ★★☆ - Methanol: ★★★ - Urea: ★★★ - PVC: ★★★ - Caustic Soda: ★★☆ - Soda Ash: ★★☆ - Glass: ★★☆ [1] Core Views - The futures of olefins and polyolefins showed mixed trends, with polypropylene facing supply pressure and polyethylene having potential demand growth [2]. - Pure benzene and styrene futures were in a consolidation pattern, with some improvement in the supply - demand situation expected in the third quarter [3]. - PX and PTA prices dropped slightly, while ethylene glycol was expected to oscillate, and short - fiber and bottle - chip had different supply - demand and price trends [5]. - Methanol and urea futures had different trends, with methanol affected by port and inland factors and urea in a supply - demand balance with limited upward drive [6]. - PVC and caustic soda futures were expected to be weak, facing supply and demand challenges [7]. - Soda ash and glass futures were under pressure, with soda ash facing supply pressure and glass having cost support [8]. Summary by Directory Olefins - Polyolefins - Propylene prices were supported by low inventory and shutdown news, while downstream demand was mainly for rigid needs [2]. - Polyethylene production enterprises had a strong intention to raise prices due to increased demand and macro - economic support, and polypropylene faced supply pressure and weak demand [2]. Pure Benzene - Styrene - Pure benzene futures oscillated, with a slight increase in domestic production, a decrease in imports, and a small rebound in processing margins [3]. - Styrene futures were in a narrow - range fluctuation, with a decline in enterprise开工 and a decrease in port inventory, but the supply - demand contradiction still existed [3]. Polyester - PX and PTA prices dropped slightly, with PTA装置 restarting and PX having a positive outlook in the third quarter [5]. - Ethylene glycol was expected to oscillate, with an increase in industry开工 and a decrease in port inventory [5]. - Short - fiber开工 increased, with stable supply - demand and was expected to be bullish in the medium - term, while bottle - chip had improved orders but low processing margins [5]. Coal Chemical Industry - Methanol futures were weakly oscillating, with an increase in port inventory and a decrease in coal - to - methanol profits in the northwest [6]. - Urea futures were oscillating firmly, with a weak agricultural demand season, a small decrease in port inventory, and a short - term supply - demand balance [6]. Chlor - Alkali Industry - PVC futures were in a narrow - range oscillation, with high supply, poor demand, and an expected weak trend [7]. - Caustic soda futures were under pressure, with high supply, general non - aluminum demand, and a long - term supply pressure [7]. Soda Ash - Glass - Soda ash futures dropped again due to weak spot and high supply, and were expected to be under pressure [8]. - Glass futures were weakly running, with an increase in industry profits and capacity, and were expected to be supported by cost [8].