According to the 2026 outlook, CICC announced that the downward cycle of the petrochemical industry has continued for about 3 and a half years. As the industry's capital expenditure continues to decline and backward overseas production capacity rapidly withdraws, the research report believes that the industry's production capacity will enter a stage of low growth. At the same time, the anti-domestic market, which focuses on industry self-discipline, has also accelerated the recovery of profits for related products. As supply-side favorable factors continue to accumulate and demand in fields such as new energy sources rapidly grows, CICC expects the chemical industry cycle to reach an inflection point.

According to the 2026 outlook, CICC announced that the downward cycle of the petrochemical industry has continued for about 3 and a half years. As the industry's capital expenditure continues to decline and backward overseas production capacity rapidly withdraws, the research report believes that the industry's production capacity will enter a stage of low growth. At the same time, the anti-domestic market, which focuses on industry self-discipline, has also accelerated the recovery of profits for related products. As supply-side favorable factors continue to accumulate and demand in fields such as new energy sources rapidly grows, CICC expects the chemical industry cycle to reach an inflection point.