Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! AI is eating the world—and the machines behind it are ravenous. Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink. Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and b ...

先来说说能源这档子事。 自从俄乌冲突爆发，欧洲的天然气就像断了水的井，德国、法国都在喊"缺货"。 根据国际能源署2023年的数据，德国居民电价一年之内涨了将近40%，法国也没好到哪儿去。 很多家庭不得不挤在一起取暖，甚至有人重新烧起了煤。 欧洲政府赶紧上马绿色能源项目，可风能、太阳能想要短时间顶上，难度大得很。 专家普遍认为，欧洲如果再不彻底摆脱对俄罗斯能源的依赖，类似的危机还会反复。 说白了，能源问题成了欧洲人的心头刺，拔不掉还老扎心。 你有没有发现，欧洲这些年怎么越活越"紧张"？ 以前大家都说欧洲是养老天堂，福利好、生活安逸，可现在很多人却在为电费、工资、退休金发愁。 到底是什么让欧洲变得这么不安生？ 其实，这背后是连环冲击，一件事拽着一件事，普通人夹在中间，难免觉得焦头烂额。 英国脱欧的故事也是一波三折。 大家还记得2020年英国脱欧正式落地吗？ 那会儿很多人说脱欧能带来自由，但结果却是经济增速下滑，政府不得不削减公共支出。 最先被砍的就是医疗、失业救济这些福利，很多靠政府救助的家庭一下子陷入困境。 英国国家统计局的数据摆在那儿：2022年贫困人口比例比脱欧前高了两个百分点。 工会罢工成了常态，地铁、公 ...

欧洲天然气期货价格自月初以来一直窄幅震荡，交易员们权衡着强劲的供应和寒冷天气带来的影响，价 格趋于稳定。天然气价格徘徊在每兆瓦时28欧元附近，预计今年结束将下跌约40%，这将是自2023年以 来最大的年度跌幅。此前，由于燃料库存低于正常水平，市场一度预期冬季将面临严峻挑战，而如今的 走势与预期形成鲜明对比。截至发稿，作为欧洲天然气基准的荷兰2月份交割天然气期货价格上涨 1.1%，至每兆瓦时27.84欧元。 供暖季开局相对温和，挪威天然气供应稳定，液化天然气进口量增加，这些因素共同缓解了市场压力， 也表明自四年前的能源危机以来，市场已取得了长足的进步。据国际能源署预测，今年欧洲液化天然气 进口量有望创下历史新高。 新年假期前的周三，交易量较为清淡。在天气方面，欧洲部分地区对1月中旬的气温预测有所下降，模 型显示，西北欧地区的气温将持续低于正常水平。而天然气库存水平下滑至63%，五年平均季节库存水 平为74%。电力问题仍影响天然气输送。 ...

1. Report Industry Investment Rating The report does not explicitly mention the industry investment rating. 2. Core Views of the Report - The implementation of the trade - in policy will continue to boost the terminal demand for chemicals. The prices of energy and chemical products will continue to fluctuate and consolidate. The OPEC+ will hold a monthly video conference on January 4th to plan the organization's future production, and the market generally expects it to maintain the decision of "suspending the production increase in the first quarter". Geopolitical situations in Venezuela, Russia, and Ukraine are short - term supports for oil prices. The Chinese government has advanced the issuance of 62.5 billion yuan in ultra - long - term special treasury bonds to support consumer goods trade - in, which will significantly boost styrene [2]. - The supply and demand of the chemical industry have been flat recently, with no major contradictions, and the overall trend will be volatile. The PTA spot processing fee has increased, and the operating enthusiasm of PTA enterprises will rise. The processing fee of downstream polyester filament has dropped to a three - year low, and the industrial chain profit has shifted. The spot liquidity of polyolefin has tightened, and the futures price will move sideways. The rebound of styrene is not optimistic due to the drag of raw material pure benzene and high inventory [3]. 3. Summary by Relevant Catalogs 3.1 Market Outlook - **Crude Oil**: Geopolitical situations in Russia, Ukraine, and Venezuela continue to disrupt the market, and oil prices will continue to fluctuate. API data shows that US crude oil and refined product inventories continued to accumulate in the week of December 26th, and the total inventory of US crude oil and petroleum products is rising against the seasonal trend. The geopolitical prospects in Russia, Ukraine, and Venezuela are the core factors affecting crude oil supply expectations. The decline in Venezuela's shipments is not obvious for now, but its crude oil exports are expected to decline later. Oil prices will continue to fluctuate under the balance of oversupply and frequent geopolitical disruptions [8]. - **Asphalt**: The asphalt futures price rises following the increase in crude oil prices. The increase in crude oil prices drives up the asphalt futures price. If there is a substantial supply disruption in the US - Venezuela situation, the asphalt price will be strong; otherwise, it may rise and then fall. The supply and demand of asphalt are both weak, and inventory is starting to accumulate [9]. - **High - Sulfur Fuel Oil**: Be vigilant about the positive support for fuel oil from Iran's suspension of natural gas supply to Iraq. Although there are factors that support the high - sulfur fuel oil price, such as the potential resumption of fuel oil power generation in Iran and Iraq, the demand outlook is currently suppressed by high - level floating storage in the Asia - Pacific region, and there are medium - and long - term double negatives [9]. - **Low - Sulfur Fuel Oil**: The low - sulfur fuel oil futures price fluctuates [4]. - **Methanol**: Overseas disruptions have emerged again, and combined with capital rotation, the upward trend in the pre - holiday market may continue [4]. - **Urea**: There is concentrated pre - holiday procurement, and urea is expected to be in a consolidation state [4]. - **Ethylene Glycol**: The reduction in polyester production is gradually being realized, and the driving force for ethylene glycol is average [4]. - **PX**: The expected supply - demand pattern of PX has weakened, and the price has回调 after rising. International oil prices are strong, providing cost support. However, due to the market's focus on supply increase expectations, the price has回调 after rising, and the terminal has slowed down its procurement rhythm [12]. - **PTA**: The maintenance of polyester plants is gradually being implemented. The supply - demand of PTA has weakened marginally, and the price is expected to fluctuate following the cost in the short term [13]. - **Short - Fiber**: The callback is limited, the processing fee is under pressure, and the willingness to reduce production is increasing. The cost support is strong, but the downstream is in a wait - and - see state, and the processing fee is under pressure [24]. - **Bottle Chip**: It fluctuates following the upstream cost. The price of polyester bottle chips fluctuates following the raw materials, and the short - term driving force is limited [26]. - **Propylene**: The CP price in January has been raised, and the PDH is expected to reduce its operating rate, so the PL has strengthened slightly [4]. - **PP**: The CP price has been raised, and PP has strengthened slightly [4]. - **Plastic**: Both long and short positions are cautious before the holiday, and plastic is expected to fluctuate. Oil prices are fluctuating, and the fundamental support for plastic has increased slightly, but the driving force for both long and short positions is relatively weak [31]. - **Styrene**: The short - term market is dominated by sentiment, and the sustainability of export transactions should be monitored. The cost support from pure benzene is weak, but there are positive factors such as export orders and market sentiment stimulation. However, the supply and demand situation is not optimistic, and the upside is restricted [18]. - **PVC**: Short - sellers take profits before the holiday, and PVC is mainly in a fluctuating state. The macro - level sentiment boost may be short - term, and the supply - demand expectation has improved, but the high - inventory pressure still exists [35]. - **Caustic Soda**: It has a low valuation and weak expectations, and is expected to fluctuate. The macro - level sentiment boost may be short - term, and the supply - demand is still in a state of oversupply in the short term [36]. 3.2 Variety Data Monitoring 3.2.1 Energy and Chemical Daily Indicator Monitoring - **Inter - period Spread**: Data on the inter - period spreads of various varieties such as Brent, Dubai, PX, PTA, etc. are provided, showing the latest values and changes [38]. - **Basis and Warehouse Receipts**: Information on the basis and warehouse receipts of varieties like asphalt, high - sulfur fuel oil, low - sulfur fuel oil, etc. is presented, including the latest values and changes [39]. - **Inter - variety Spread**: Data on the inter - variety spreads of different combinations such as PP - 3MA, TA - EG, etc. are given, along with their latest values and changes [41]. 3.2.2 Chemical Basis and Spread Monitoring The report lists different varieties such as methanol, urea, styrene, etc., but specific data and analysis are not fully presented in the provided content. 3.3 Commodity Index - **Comprehensive Index**: The commodity index is 2343.82, up 0.17%; the commodity 20 index is 2683.42, down 0.17%; the industrial products index is 2271.47, up 0.56% [284]. - **Energy Index**: On December 30, 2025, the energy index was 1093.97, with a daily increase of 0.49%, a 5 - day decrease of 1.23%, a 1 - month decrease of 3.18%, and a year - to - date decrease of 10.91% [286].

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! AI is eating the world—and the machines behind it are ravenous. Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink. Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and b ...

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! AI is eating the world—and the machines behind it are ravenous. Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink. Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and b ...

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! AI is eating the world—and the machines behind it are ravenous. Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink. Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and b ...

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! AI is eating the world—and the machines behind it are ravenous. Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink. Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and b ...

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! AI is eating the world—and the machines behind it are ravenous. Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink. Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and b ...

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! AI is eating the world—and the machines behind it are ravenous. Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink. Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and b ...