1. Report Industry Investment Rating - All the studied energy and chemical products are rated as "Oscillation" [1][2][3][4][5] 2. Core Views of the Report - The short - term trend of oil prices is oscillating and rebounding, but the rhythm is still changeable. Saudi Arabia may lower the official selling price of crude oil to Asian buyers in October. Russia's offline refining capacity reached a record high in August, and it extended the ban on refined oil exports [1]. - The fuel oil market is affected by factors such as sanctions, inventory changes, and supply and demand. The high - sulfur fuel oil supply pressure will continue, and the low - sulfur fuel oil market structure has weakened. The FU sentiment is highly volatile and is expected to oscillate [2]. - The asphalt market is affected by factors such as rainfall, capital, and project construction. In September, the demand is expected to increase, and the supply is expected to be relatively sufficient. Attention should be paid to the actual realization of demand [2][3]. - The polyester market has improved demand expectations, but the cost - end crude oil price has declined. The PX and TA have large - scale accidental maintenance, and the ethylene glycol price is expected to oscillate strongly [3]. - The rubber market is supported by tire exports, and the short - term rubber price is expected to oscillate. The price of butadiene rubber follows the cost fluctuations [3][4]. - The methanol market has a short - term increase in port inventory, and the domestic supply will gradually recover. The price is expected to oscillate [4]. - The polyolefin market is gradually moving towards a situation of both strong supply and demand, and the overall will show a narrow - range oscillation pattern [5]. - The polyvinyl chloride market has a stable increase in domestic demand, but the export will weaken. The production profit will be gradually compressed, and the price is expected to oscillate [5]. 3. Summary According to Relevant Catalogs 3.1 Research Views - **Crude Oil**: On Thursday, the oil price center moved up. WTI October contract closed up $0.45 to $64.60 per barrel, a 0.7% increase. Brent October contract closed up $0.57 to $68.62 per barrel, an 0.84% increase. SC2510 closed at 486.6 yuan per barrel, up 5.5 yuan per barrel, a 1.14% increase. It is expected to oscillate [1]. - **Fuel Oil**: On Thursday, the main fuel oil contract FU2510 on the Shanghai Futures Exchange closed down 0.21%, and the low - sulfur fuel oil main contract LU2511 closed up 0.14%. It is expected to oscillate [2]. - **Asphalt**: On Thursday, the main asphalt contract BU2510 on the Shanghai Futures Exchange closed down 0.57%. It is expected to oscillate [2]. - **Polyester**: TA601 closed down 0.66%, EG2601 closed down 0.36%, and PX futures main contract closed down 0.78%. It is expected to oscillate [3]. - **Rubber**: On Thursday, the main rubber contract RU2601 rose 185 yuan per ton, NR main contract rose 165 yuan per ton, and butadiene rubber BR main contract rose 270 yuan per ton. It is expected to oscillate [3]. - **Methanol**: The methanol price is expected to oscillate [4]. - **Polyolefin**: The polyolefin market is expected to oscillate [5]. - **Polyvinyl Chloride**: The polyvinyl chloride market is expected to oscillate [5] 3.2 Daily Data Monitoring - The report provides the basis data of various energy and chemical products on August 29, 2025, including spot price, futures price, basis, basis rate, and the change of basis rate in the past month [7]. 3.3 Market News - From August 22 - 28, the gasoline inventory in the Amsterdam - Rotterdam - Antwerp (ARA) center decreased from 104.5 tons to 99.1 tons, the fuel oil inventory increased from 104.6 tons to 104.9 tons, the diesel inventory increased from 203.2 tons to 208.5 tons, the aviation fuel inventory decreased from 94.6 tons to 91.9 tons, and the naphtha inventory increased from 55.2 tons to 58.4 tons [9]. - Saudi Arabia may lower the official selling price of crude oil to Asian buyers in October, with the flagship Arab Light crude oil's official selling price possibly being lowered by 40 - 70 cents per barrel [9] 3.4 Chart Analysis - **Main Contract Price**: The report presents the closing price charts of main contracts of various energy and chemical products from 2021 - 2025 [11][13][15][17][19][21][22] - **Main Contract Basis**: The report shows the basis charts of main contracts of various energy and chemical products from 2021 - 2025 [24][25][27][31][33][35][37] - **Inter - period Contract Spread**: The report provides the spread charts of different contracts of various energy and chemical products [38][39][41][44][47][49][52][55] - **Inter - variety Spread**: The report presents the spread and ratio charts between different varieties of energy and chemical products [56][57][60][61][62] - **Production Profit**: The report shows the cash - flow and profit charts of the production of some energy and chemical products [63][65][67] 3.5 Team Member Introduction - The team members include the assistant director and energy - chemical director Zhong Meiyan, crude oil and related analysts Du Bingqin, natural rubber/polyester analyst Di Yilin, and methanol/PE/PP/PVC analyst Peng Haibo, each with rich experience and achievements [69][70][71][72] 3.6 Contact Information - The company is located at Unit 703, 6th Floor, No. 729 Yanggao South Road, China (Shanghai) Pilot Free Trade Zone. The company phone is 021 - 80212222, the fax is 021 - 80212200, the customer service hotline is 400 - 700 - 7979, and the postal code is 200127 [74]