According to the Huatai Securities Research Report, due to repeated geographical conflicts and other factors, the average international crude oil price is still high in the third quarter of 2026. It is expected that profits of oil and gas extraction companies will increase year on year. Some refining companies will benefit from a good boom in refined oils/aromatic hydrocarbons, inventory earnings and refined oil export profits. Profit for the third quarter of 2026 is expected to improve year-on-year; midstream bulk chemicals are gradually showing demand suppression effects due to poor cost transmission and poor demand in the third quarter of 2026., including coal chemicals, gas head chemicals, etc. Leading chemical companies continue to benefit from high prices such as crude oil/olefin, etc., and profits are expected to remain high. Leading companies with good patterns such as polyurethanes, chemical fiber dyes, and refrigerants are showing remarkable profit resilience with the help of the industry's “reverse internal volume”; fine chemicals such as amino acids, additives, and tires also face both demand and cost pressure in stages. AI and upstream electronic materials benefit from continued growth in downstream demand. Combined with domestic alternatives, the overall profit of related companies is expected to improve in the third quarter of 2026.

According to the Huatai Securities Research Report, due to repeated geographical conflicts and other factors, the average international crude oil price is still high in the third quarter of 2026. It is expected that profits of oil and gas extraction companies will increase year on year. Some refining companies will benefit from a good boom in refined oils/aromatic hydrocarbons, inventory earnings and refined oil export profits. Profit for the third quarter of 2026 is expected to improve year-on-year; midstream bulk chemicals are gradually showing demand suppression effects due to poor cost transmission and poor demand in the third quarter of 2026., including coal chemicals, gas head chemicals, etc. Leading chemical companies continue to benefit from high prices such as crude oil/olefin, etc., and profits are expected to remain high. Leading companies with good patterns such as polyurethanes, chemical fiber dyes, and refrigerants are showing remarkable profit resilience with the help of the industry's “reverse internal volume”; fine chemicals such as amino acids, additives, and tires also face both demand and cost pressure in stages. AI and upstream electronic materials benefit from continued growth in downstream demand. Combined with domestic alternatives, the overall profit of related companies is expected to improve in the third quarter of 2026.