Zheshang Securities released a research report saying that since June, the domestic PDH process has reversed losses. PDH process profits have been reversed, and the long-term profit center is expected to rise. The propane price center is expected to decline in the long term. Consumption of propylene equivalent is expected to continue to grow steadily, with a compound annual growth rate of around 3%. On the supply side, the amount of propylene by-product has decreased, and long-term supply structure contraction; the industry's supply growth rate has clearly slowed, and the supply and demand pattern is expected to improve. Focus on leading companies with PDH production capacity, a high degree of integration, and significant cost advantages.

Zheshang Securities released a research report saying that since June, the domestic PDH process has reversed losses. PDH process profits have been reversed, and the long-term profit center is expected to rise. The propane price center is expected to decline in the long term. Consumption of propylene equivalent is expected to continue to grow steadily, with a compound annual growth rate of around 3%. On the supply side, the amount of propylene by-product has decreased, and long-term supply structure contraction; the industry's supply growth rate has clearly slowed, and the supply and demand pattern is expected to improve. Focus on leading companies with PDH production capacity, a high degree of integration, and significant cost advantages.