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Galaxy Securities: Optimistic about structural opportunities in the petrochemical industry
On December 27th, Jinshi Data reported that the cost side is not the key factor affecting the profitability of the petrochemical industry, but rather the improvement of industry supply and demand. Currently, the petrochemical industry is still at a high level in terms of construction projects. With the gradual manifestation of policy stimulus effects, terminal consumption may improve to some extent. However, it is expected that the industry’s existing capacity and construction capacity will still take time to digest.