智通财经APP获悉，中国银河证券发布研报称，预计2026年Brent原油价格运行区间为60-70美元/桶，成 本端有望逐步止跌企稳。2024年以来化工行业资本开支迎来负增长，随着"反内卷"浪潮袭来及海外落后 产能加速出清，供给端有望收缩。"十五五"规划建议稿"坚持扩大内需"为未来五年定调，叠加美国降息 周期开启，化工品需求空间打开。该行认为，供需双底基本确立，政策预期强力催化，2026年化工行业 或迎周期拐点向上，开启从估值修复到业绩增长的"戴维斯双击"。 中国银河证券主要观点如下： 综合整治内卷式竞争，积极把握周期反转机会 赋能新质生产力，掘金新材料蓝海 1)PTA景气低位运行，行业反内卷呼声渐起，建议关注恒力石化、荣盛石化、新凤鸣、桐昆股份等。2) 涤纶长丝产能趋于集中，行业自律激发周期弹性，建议关注新凤鸣、桐昆股份、恒逸石化等。3)氨纶否 极泰来，行业集中度有望加速提升，建议关注华峰化学、新乡化纤。4)农药全球需求好转，底部价格品 种或迎反弹，建议关注扬农化工、润丰股份、江山股份、广信股份、利尔化学等。5)有机硅产能扩张步 入尾声，行业供需格局有望改善，建议关注合盛硅业、新安股份、东岳硅材等。6)挑战与 ...

Group 1: Core Insights - The report from Huazhong Securities highlights the active development in synthetic biology, emphasizing its role in addressing major challenges such as health, climate change, and resource security [2] - The National Energy Administration announced the first batch of pilot projects for green liquid fuel technology, with nine projects selected to promote new technologies and business models in the energy sector [3] Group 2: Industry Developments - The synthetic biology index from Huazhong Securities decreased by 5.72 points to 1549.03 during the week of August 4-8, 2025, underperforming compared to the Shanghai Composite Index and the ChiNext Index [2] - Microgen announced a partnership with Cargill to expand the market application of allulose sugar in China, leveraging Cargill's resources and networks [4] - The first biodegradable plastic production facility in Chongqing, with an annual capacity of 60,000 tons, has been successfully launched, filling a gap in the biodegradable plastic industry in the region [5] - The Shenzhen Institute of Advanced Technology developed a new mini CRISPR nuclease, MiniCasUltra, which significantly enhances gene editing efficiency while maintaining a compact size [5] - PHA water-based barrier coatings have successfully completed industrial-scale production, marking a significant advancement in the commercialization of biodegradable materials [5]