Zhongjin: The continuous accumulation of positive factors on the supply side and the rapid growth of demand in new energy and other fields are expected to bring about a turning point in the chemical industry cycle.

The research report of Zhongjin Company believes that the downturn cycle of the petrochemical industry has lasted for about 3 and a half years. With the continuous decrease in industry capital expenditure and the accelerated exit of overseas outdated capacity, we believe that industry capacity will enter a low-growth stage. At the same time, the acceleration of industry self-discipline as the main anti-enclosure has also accelerated the profit recovery of related products. With the continuous accumulation of positive factors on the supply side and the rapid growth in demand in new energy and other fields, we expect the turning point of the chemical industry cycle to come.