证券日报网讯大叶股份（300879）9月5日在互动平台回答投资者提问时表示，目前公司墨西哥工厂已经 部署冲压、焊接、喷涂、注塑、弯管和其他核心零部件制造及本地化供应链，已在试运行阶段。 ...

Investment Rating - The report assigns a cautious outlook for the polyolefin and styrene industry, suggesting a "watch and wait" strategy for investors [13]. Core Insights - The polyolefin market is experiencing slight price declines due to weak demand and supply adjustments, with LLDPE and PP prices at 7790 CNY/ton and 7291 CNY/ton respectively, reflecting weekly declines of 1.30% and 0.37% [1][2]. - The styrene market shows a mixed trend, with prices recovering slightly after a weak start, closing at 8123 CNY/ton, marking a weekly increase of 0.17% [4][5]. - Overall, the report indicates that while there are signs of demand recovery, supply pressures and cost factors are likely to keep prices under pressure in the short term [3][6]. Summary by Sections Strategy Recommendations - LLDPE: Anticipated short-term weak fluctuations with support at 7500-7550 CNY/ton and resistance at 7900-7950 CNY/ton [13]. - PP: Expected to remain weak with support at 7150-7200 CNY/ton and resistance at 7450-7500 CNY/ton [13]. - Styrene: Predicted to experience low-level fluctuations with support at 7750-7800 CNY/ton and resistance at 8500-8550 CNY/ton [13]. Futures Market Situation - LLDPE futures closed at 7790 CNY/ton with a trading volume of 1,767,398 contracts and an increase in open interest by 12,358 contracts [14]. - PP futures closed at 7291 CNY/ton with a trading volume of 1,384,915 contracts and an increase in open interest by 4,613 contracts [15]. - Styrene futures closed at 8123 CNY/ton with a trading volume of 1,194,964 contracts and a decrease in open interest by 46,650 contracts [15]. Spot Market Situation - The spot price for LLDPE ranged between 8020-8500 CNY/ton, while PP prices varied from 7170-7430 CNY/ton depending on the region [2]. - Styrene spot prices were reported at 8175 CNY/ton in East China and 8375 CNY/ton in South China [5]. Supply and Demand Fundamentals - Polyethylene production rates decreased slightly to 81.63%, while polypropylene rates increased to 83.48% [2]. - Styrene production rates were reported at 74.68%, with expectations of further supply tightening due to upcoming maintenance [6]. Inventory Levels - As of March 14, total oil inventory was 805,000 tons, with polyethylene trade inventory at 175,940 tons and polypropylene social trade inventory at 46,510 tons [3][6].

Investment Rating - The report provides a cautious outlook on the polyolefin and styrene industry, suggesting a "hold" or "wait-and-see" approach for investors [15]. Core Insights - The overall market for polyolefins has shown limited volatility, with slight increases in polyethylene prices and minor declines in polypropylene prices. The LLDPE contract closed at 7884 CNY/ton, up 0.92%, while the PP contract closed at 7378 CNY/ton, down 0.24% [1][5]. - The report highlights a recovery in downstream demand, although raw material inventories at factories remain high, leading to cautious purchasing behavior [2][3]. - Supply pressures persist due to new polyethylene facilities coming online, while polypropylene production is slightly adjusted due to maintenance [2][3]. - The styrene market is experiencing a slight upward trend, with the EB04 contract closing at 8597 CNY/ton, up 0.40% [5][7]. Summary by Sections 1. Strategy Recommendations - LLDPE: Anticipated short-term fluctuations with support at 7600-7650 CNY/ton and resistance at 7900-7950 CNY/ton [15]. - PP: Expected to follow cost fluctuations with support at 7150-7200 CNY/ton and resistance at 7550-7600 CNY/ton [15]. - Styrene: Marginal improvement in supply-demand balance, with support at 8200-8250 CNY/ton and resistance at 9100-9150 CNY/ton [15]. 2. Futures Market Situation - LLDPE futures showed a closing price of 7884 CNY/ton with a weekly increase of 0.92% [16]. - PP futures closed at 7378 CNY/ton, reflecting a slight decrease of 0.24% [16]. - Styrene futures closed at 8597 CNY/ton, with a weekly increase of 0.40% [17]. 3. Spot Market Situation - The domestic LLDPE market prices ranged from 8070 to 8700 CNY/ton, while PP prices varied between 7280 and 7530 CNY/ton [2]. - Styrene prices in the East China market were reported at 8635 CNY/ton, and in South China at 8800 CNY/ton [7]. 4. Supply and Demand Fundamentals - PE operating rates were reported at 82.76%, down 0.88%, while PP operating rates were at 77.23%, down 1.78% [2]. - Downstream demand is recovering, with various sectors showing increased operating rates, such as agricultural film at 40% and packaging at 48% [2]. - Inventory levels for two oils decreased to 86,000 tons, with PE social trade inventory at 19,126 tons and PP at 5,115 tons [3]. 5. Futures Market Positioning - The report indicates a mixed positioning in the futures market, with significant changes in open interest for various contracts [16][17].