Core Viewpoint - The company announced that its investment in the production of iron phosphate and lithium iron phosphate products will result in an annual production capacity of 6,000 tons of lithium iron phosphate upon reaching full capacity [2] Group 1 - The company is actively investing in the construction of iron phosphate and lithium iron phosphate product projects [2] - The expected annual production capacity for lithium iron phosphate is 6,000 tons once the project is fully operational [2]

Group 1 - The core point of the article is that Chuanjinnuo has updated its production capacity for industrial wet-process phosphoric acid at the Guangxi Fangchenggang chemical base to an annual design capacity of 150,000 tons after the first technical transformation [2] - The company currently does not have any plans for the production capacity of polyphosphoric acid [2]

Core Viewpoint - The company Baotailong (601011) has announced that the equipment debugging for its second-phase graphene project has largely met expectations, and it is currently in the process of optimizing details [1] Company Summary - Baotailong is actively working on the second-phase graphene project, indicating progress in its operational capabilities [1]

1. Report Industry Investment Ratings No investment ratings are provided in the reports. 2. Core Views of the Reports Polyester Industry - PX: Short - term may fluctuate between 6200 - 6800. With the terminal demand entering the off - season and many PTA device maintenance plans in November, the supply - demand is expected to loosen, and the price drive is limited. [1] - PTA: Supply - demand is expected to be in a tight balance in the short - term, but mid - term supply - demand is relatively loose. The price rebound is limited, and it is expected to fluctuate between 4300 - 4800. [1] - MEG: Although the polyester load can be maintained, the inventory accumulation in November and December is expected to be high, and the price is under pressure. [1] - Short - fiber: The short - term supply - demand pattern is weak, and the rebound space is limited. The processing fee may be compressed. [1] - Bottle - chip: The supply - demand is in a loose pattern, and the social inventory is likely to enter the seasonal inventory accumulation channel. The price follows the cost - end fluctuation. [1] Methanol Industry The market is trading the "weak reality" logic, with the core contradiction being the high port inventory. The 01 contract's inventory problem cannot be solved, and it is weak before the Iranian gas restriction. [2] Polyolefin Industry PP shows both supply and demand growth but accumulates inventory slightly this week due to new production capacity pressure. PE has weak supply and demand, and although it has destocked this week, the port inventory is still high. The market expectation is still weak. [5] Glass and Soda Ash Industry - Soda Ash: The overall supply - demand pattern is bearish. Although the disk rebounds in the short - term, the mid - term demand is weak, and it is recommended to wait for the opportunity to short after the rebound. [7] - Glass: The short - term has certain rigid demand support, but the mid - to long - term demand is worrying, and it is expected to be weak in the short - term. [7] PVC and Caustic Soda Industry - Caustic Soda: The supply - demand has pressure, with increasing supply and weak demand from the main downstream. The price is expected to be weak in the long - term but may have short - term support from downstream replenishment. [8] - PVC: The supply - demand surplus problem is not improved, with increasing supply pressure and weak demand expectation. The price is expected to be weak at the bottom. [8] Natural Rubber Industry The short - term rubber price is expected to fluctuate. If the raw material output in the main production areas is smooth, there is room for further decline; otherwise, it may run around 15000 - 15500. [9] Crude Oil Industry The short - term oil price is expected to fluctuate within a range, and Brent crude oil may run between 60 - 66 US dollars per barrel. [10] Pure Benzene and Styrene Industry - Pure Benzene: The supply - demand is expected to be loose, and the price drive is weak. The BZ2603 can be treated as short on rallies following the oil price. [14] - Styrene: The supply - demand may turn loose, and the price drive is insufficient. The EB12 can be shorted on rebounds. [14] 3. Summary According to Relevant Catalogs Polyester Industry Upstream Prices - Brent crude oil (January) rose 1.10 to 65.16 US dollars per barrel, a 1.7% increase; WTI crude oil (December) rose 0.91 to 61.04 US dollars per barrel, a 1.5% increase. [1] - CFR Japan naphtha decreased by 2 to 577 US dollars per ton, a 0.3% decrease. [1] Downstream Polyester Product Prices and Cash Flows - POY150/48 price rose 45 to 6600 yuan/ton, a 0.7% increase; FDY150/96 price rose 35 to 6805 yuan/ton, a 0.5% increase. [1] - The cash flows of different polyester products have different changes, such as POY150/48 cash flow increasing by 146.1%. [1] PTA - related Prices and Spreads - PTA East - China spot price decreased by 5 to 4600 yuan/ton, a 0.1% decrease; TA futures 2601 decreased by 56 to 4648 yuan/ton, a 1.2% decrease. [1] MEG Port Inventory and Arrival Expectations - MEG port inventory increased by 9.9 to 66.1 million tons, a 17.6% increase; the arrival expectation decreased by 0.8 to 18.1 million tons, a 4.2% decrease. [1] Polyester Industry Chain Start - up Rate Changes - Asian PX start - up rate increased by 2.1 percentage points to 80.2%; China PX start - up rate increased by 2.7 percentage points to 89.8%. [1] Methanol Industry Methanol Prices and Spreads - MA2601 closed at 2082 yuan/ton, down 19 yuan, a 0.9% decrease; MA2605 closed at 2194 yuan/ton, down 14 yuan, a 0.63% decrease. [2] Methanol Inventory - Methanol enterprise inventory increased by 1.04 to 38.641%, a 2.75% increase; methanol port inventory increased by 1.06 to 151.7 million tons, a 0.71% increase. [2] Methanol Upstream and Downstream Start - up Rates - Upstream domestic enterprise start - up rate increased by 0.31 to 76.09%, a 0.41% increase; downstream external - procurement MTO device start - up rate increased by 0.92 to 84.98%, a 1.09% increase. [2] Polyolefin Industry Prices and Spreads - L2601 closed at 6760 yuan/ton, down 42 yuan, a 0.62% decrease; PP2601 closed at 6429 yuan/ton, down 51 yuan, a 0.79% decrease. [5] Inventory - PE enterprise inventory increased by 7.42 to 49.0 million tons, a 17.84% increase; PP enterprise inventory increased by 0.48 to 60.0 million tons, a 0.81% increase. [5] Upstream and Downstream Start - up Rates - PE device start - up rate increased by 1.72 to 82.6%, a 2.13% increase; PP device start - up rate increased by 0.72 to 77.8%, a 0.93% increase. [5] Glass and Soda Ash Industry Prices and Spreads - Glass: North - China quoted price decreased by 20 to 1110 yuan/ton, a 1.77% decrease; glass 2601 decreased by 22 to 1069 yuan/ton, a 2.02% decrease. [7] - Soda Ash: North - China quoted price remained at 1300 yuan/ton; soda ash 2601 increased by 16 to 1226 yuan/ton, a 1.32% increase. [7] Supply - Soda Ash start - up rate decreased by 1.72 percentage points to 86.89%; soda ash weekly output decreased by 1.3 to 75.76 million tons, a 1.71% decrease. [7] Inventory - Glass factory inventory increased by 296.6 to 6579.00 million weight - boxes, a 4.72% increase; soda ash factory inventory increased by 4.2 to 170.20 million tons, a 2.54% increase. [7] PVC and Caustic Soda Industry Prices and Spreads - 32% liquid caustic soda in Shandong (converted to 100%) remained at 2500 yuan/ton; East - China calcium - carbide - based PVC market price remained at 4520 yuan/ton. [8] Inventory - Liquid caustic soda East - China factory inventory decreased by 0.8 to 21.5 million tons, a 3.5% decrease; PVC upstream factory inventory decreased by 0.3 to 33.5 million tons, a 1.0% decrease. [8] Upstream and Downstream Start - up Rates - Caustic soda industry start - up rate increased by 1.5 to 89.9%, a 1.7% increase; PVC total start - up rate increased by 2.2 to 79.3%, a 2.8% increase. [8] Natural Rubber Industry Spot Prices and Basis - Yunnan state - owned whole - latex rubber (SCRWF) in Shanghai increased by 150 to 14700 yuan/ton, a 1.03% increase; the whole - latex basis increased by 165 to - 395 yuan/ton, a 29.46% increase. [9] Production and Consumption Data - September Thai production decreased by 26 to 451.50 million tons, a 5.45% decrease; September domestic tire production increased by 53.3 to 10348.7 million pieces, a 0.52% increase. [9] Crude Oil Industry Crude Oil Prices and Spreads - Brent crude oil rose 1.10 to 65.16 US dollars per barrel, a 1.72% increase; WTI crude oil rose 0.91 to 61.04 US dollars per barrel, a 1.51% increase. [10] Refined Oil Prices and Spreads - NYM RBOB increased by 4.09 to 201.20 US cents per gallon, a 2.07% increase; ICE Gasoil increased by 27.25 to 749.25 US dollars per ton, a 3.77% increase. [10] Pure Benzene and Styrene Industry Upstream Prices and Spreads - Brent crude oil (December) rose 1.10 to 65.16 US dollars per barrel, a 1.7% increase; CFR China pure benzene decreased by 3 to 663 US dollars per ton, a 0.5% decrease. [14] Styrene - related Prices and Spreads - Styrene East - China spot price decreased by 90 to 6250 yuan/ton, a 1.4% decrease; EB futures 2512 decreased by 84 to 6231 yuan/ton, a 1.3% decrease. [14] Inventory - Pure benzene Jiangsu port inventory increased by 3.6 to 12.10 million tons, a 42.4% increase; styrene Jiangsu port inventory decreased by 1.37 to 17.93 million tons, a 7.1% decrease. [14] Industry Chain Start - up Rates - Asian pure benzene start - up rate remained at 78.8%; domestic pure benzene start - up rate increased by 1.0 to 75.1%, a 1.4% increase. [14]

Core Viewpoint - Haike Xinyuan's stock price increased by 1.82% today, with a turnover rate of 35.09% and a trading volume of 1.666 billion yuan, indicating significant trading activity and interest in the stock [1] Trading Activity - The stock was featured on the Dragon and Tiger list due to its turnover rate reaching 35.09%, with institutional investors net selling 22.5467 million yuan [1] - The top five trading departments on the list had a total transaction amount of 311 million yuan, with buying amounting to 132 million yuan and selling amounting to 179 million yuan, resulting in a net sell of 47.0195 million yuan [1] - Among the trading departments, four institutional specialized seats were involved, with a total buying amount of 64.1089 million yuan and selling amount of 86.6556 million yuan, leading to a net sell of 22.5467 million yuan [1] Historical Performance - Over the past six months, the stock has appeared on the Dragon and Tiger list 19 times, with an average price increase of 2.84% the day after being listed and an average increase of 12.22% over the following five days [1] Capital Flow - Today, the stock saw a net inflow of 174 million yuan from main funds, with a net inflow of 120 million yuan from large orders and 54.2309 million yuan from medium orders [1] - In the past five days, the net inflow of main funds totaled 332 million yuan [1]

Core Viewpoint - Sanyou Chemical has not yet initiated any business related to renewable energy consumption as of November 12 [1] Company Actions - As of now, the company has not undertaken any specific measures to promote renewable energy consumption [1]

Core Viewpoint - The company has not yet engaged in any business related to new energy consumption as of the current date [1] Group 1 - The company is currently not involved in new energy consumption-related activities [1]

Core Viewpoint - The company has established a joint venture to produce lithium hexafluorophosphate, indicating a strategic move into the lithium salt market [1] Group 1: Company Investment - The company, along with subsidiaries of Tianji Co. and Ningde New Energy Technology Co., has jointly invested in Jiangsu Tairui Lianteng Material Technology Co., Ltd. to implement a project with an annual production capacity of 30,000 tons of lithium hexafluorophosphate and other lithium salts [1] - The ownership structure of the joint venture includes 70% held by Xin Tai Materials, 25% by the company, and 5% by New Energy Technology [1] - The company also holds a 5.99% stake in Tianji Co. [1]

Core Viewpoint - Shenzhen New Star (603978.SH) has indicated that it has basic spot sales of lithium hexafluorophosphate, with a production capacity of 7,200 tons expected to be completed by mid-2024. Due to low market prices, the company has not commenced production, but recent price increases have prompted preparations for equipment installation before production starts [1]. Group 1 - The company has basic spot sales of lithium hexafluorophosphate [1] - The production capacity of lithium hexafluorophosphate is 7,200 tons, expected to be completed by mid-2024 [1] - The company has not started production due to low market prices, which resulted in losses [1] Group 2 - Recent significant price increases have led the company to arrange for the installation of pre-production equipment [1]

Report Industry Investment Rating - Unilateral: Neutral; short-term may stop falling, but limited upward drive, mainly oscillating in the bottom range; - Inter-period: None - Inter-variety: None [3] Core Viewpoints - Local PDH device maintenance boosts and downstream device restart brings demand increment, driving the improvement of the propylene market trading. The Shandong spot rebounds, and the futures price is supported to stop falling and consolidate. - The supply side has a phased reduction, but the supply is still loose, and the inventory pressure in the factory is still high. - The demand side is boosted by bargain hunting purchases, and the overall profit margin of downstream products has improved. The demand support for propylene may increase. - The cost support for propylene is limited due to the small increase in international oil prices and the continuous weakness of external propane. [2] Summary by Directory 1. Propylene Basis Structure - The closing price of the propylene main contract is 5869 yuan/ton (-23), the East China spot price of propylene is 5875 yuan/ton (+25), the North China spot price of propylene is 5765 yuan/ton (+0), the East China basis of propylene is 6 yuan/ton (+48), and the North China basis of propylene is -102 yuan/ton (+38). [1] 2. Propylene Production Profit and Capacity Utilization Rate - The propylene capacity utilization rate is 75% (+0%), the propylene CFR - Japanese naphtha CFR is 133 US dollars/ton (-1), and the propylene CFR - 1.2 propane CFR is 63 US dollars/ton (-2). [1] 3. Propylene Import and Export Profit - The propylene import profit is -240 yuan/ton (+52). [1] 4. Propylene Downstream Profit and Capacity Utilization Rate - PP powder capacity utilization rate is 43% (-0.34%), production profit is -15 yuan/ton (+0); - Epoxy propane capacity utilization rate is 74% (+5%), production profit is 268 yuan/ton (-57); - N-butanol capacity utilization rate is 86% (+2%), production profit is -86 yuan/ton (+0); - Octanol capacity utilization rate is 71% (-18%), production profit is -173 yuan/ton (-50); - Acrylic acid capacity utilization rate is 72% (+5%), production profit is 579 yuan/ton (-53); - Acrylonitrile capacity utilization rate is 78% (-1%), production profit is -158 yuan/ton (-45); - Phenol - acetone capacity utilization rate is 76% (-3%), production profit is -390 yuan/ton (-25). [1] 5. Propylene Inventory - The propylene inventory in the factory is 49,820 tons (+4,770). [1]