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🔥Core quick overview: Slight increase in origin, stalemate at port ； Coal chemical industry sees steady growth ； Petrochemicals fluctuate with crude oil ； Energy material differentiation ； Regional price differences for industrial gases continue ⛏️ Coal | Shenhua Batuta + Port + Bohai Rim + Region [Shenhua Batuta (vehicle plate tax included, 5.18)] purchased coal: 5800 kcal 578-582 yuan/ton (↑2) ； 5500 kcal 545-548 yuan/ton (↑2) ； 5000 kcal 473-476 yuan/ton (↑2). China Changchun Association: 5500 kcal 550-555 yuan/ton (flat) ； 5000 kcal 490-495 yuan/ton (flat) [Port/Bohai Rim (closing tax included)] Huanghua Port Q5500: 842-846 yuan/ton (↑2) ； Qinhuangdao Q5500: 840-844 yuan/ton (↑2) ； Bohai Rim Index: 837-840 yuan/ton (↑1). [Regional price (pit mouth/car plate)] Thermal coal Q5500: Ordos 582-586 (↑4), Yulin 610-614 (↑4) ； coking coal: Gujiao Zongjiao 1310-1320 (↑5), Tangshan 1580-1590 (↑5) ； Coal Tar (Northwest): 3320-3360(↑40). [Requirements and Devices] Requirements: North China Chemical Coal Daily Consumption +1% MoM ； East China port inventory is approximately 26.1 million tons, -12% year-on-year ； The temperature in South China is rising, and the daily consumption of power plants is rising. device: The production capacity utilization rate of Shanxi, Shaanxi and Inner Mongolia is 88%, and security inspections are strict ； Coking operating rate is 79% ； Operations in Beigang are stable. General situation: The price of origin is strong, the high price is under pressure, the price is rising slightly, the long-term agreement is supporting the bottom, and the short-term high price is fluctuating. 🧪 Coal Chemical Industry | Price + Demand + Equipment [Price Range (Ex-factory/Delivery)] Methanol: Northwest 2690-2710 (↑20), East China 3430-3450 (↑20) ； Coal-based PE/PP: Northwest PE8240-8280 (↑20), PP8590-8630 (↑20) ； Ethylene glycol: Northwest 5020-5040 (↑10) ； Urea 2280-2300 (↑10). [Requirements and Devices] Requirements: Formaldehyde and MTO just need to be stable ； Packaging pipe orders pick up ； Compound fertilizer replenishment is active. device: Northwest methanol operating rate is 90%, maintenance completed ； The operating rate of coal-to-olefins is 93% and running at full production. General situation: The supply of goods from the northwest dominates, and the premium from East China recovers, with stability to strong and high fluctuations. 🛢️Petrochemical | Price + Demand + Device [Price Range] Crude Oil: Brent US$105.2-105.8/barrel (↑0.4%), WTI US$99.0-99.5/barrel (↑0.4%) ； Propylene/pure benzene: North China Propylene 8720-8760 (↑20), Pure Benzene 8120-8160 (↑20) ； PVC: 6020-6160 (↑20) ； Propane 7170-7190 (↑20) ； Fuel oil is 6040 yuan/ton (↑5). [Requirements and Devices] Requirements: Downstream is in urgent need of replenishment, the real estate chain is weak, and export orders are stable. device: The refining and chemical operating rate in East China is 91% and that of local refining is 77%. ； Wanhua MDI is at full production and inventory is low. General situation: Geographical support on the cost side has strengthened, the crude oil chain has strengthened, and the real estate chain has rebounded slightly. 🔋 Energy Materials | Price + Demand + Device [Price Range] Battery Grade Lithium Carbonate: Jiangxi 167,000-169,000 (↓0.1 million), East China 170,000-172,000 (↓0.1 million) ； Industrial silicon: Northwest 12740-12800 (↑20), East China 13440-13500 (↑20) ； electrolytic aluminum: 18640-18680 (↑20) ； Polycrystalline silicon is 16,715 yuan/ton (↓5). [Requirements and Devices] Requirements: New energy vehicles and energy storage are in urgent need of stability ； Polysilicon demand is flat and real estate completion support is weak. device: Lithium salt lakes are at full production and inventories are low ； Industrial silicon operating rate is 86% ； The operating rate of electrolytic aluminum is 92%. General situation: Supply and demand are tightly balanced and prices are differentiated. Lithium prices continue to be weak, while industrial metals are strong and volatile. 💨 Industrial Gas｜Price + Demand + Device [Price Range] Liquid Oxygen: Northwest 395-415 (↑5), East China 520-530 (↑5) ； liquid nitrogen: Inner Mongolia 315-325 (↑5), Zhejiang 485-495 (↑5) ； High purity helium: 157-159 yuan/m³ (↑1). [Requirements and Devices] Requirements: Northwest Metallurgical and Chemical Industry ； East China Electronics' semiconductor gas consumption is strong and procurement is active. device: Northwest air separation reaches full production ； New production capacity in East China is released and supply stabilizes ； The special gas inlet is tight. General situation: Prices are low in the northwest and high in the southeast. Bulk gas has stabilized, while special gas is easy to rise but difficult to fall. 📈 Industrial Situation and Market Outlook The current energy and chemical industry shows a pattern of high fluctuations in coal, steady growth in coal chemicals, strong petrochemicals, material differentiation, and gas regionalization. Supply and demand pattern: The export of raw materials from northwest China, pricing restoration in east China, and deep processing in south China are just in demand, and the chain is stable. Competition context: Coal chemical state-owned enterprises control resources and stabilize prices ； Petrochemical cost drives differentiation ； Material combination technology and long orders ； Gas distribution efficiency. short term prediction: As the summer peak season approaches, coal prices fluctuate strongly, coal chemical industry consolidates at a high level, petrochemicals and crude oil are stronger, material differentiation continues, and gas regional price differences solidify. Pay attention to the security inspection of the production area, the geological risks of crude oil and the rhythm of downstream replenishment. Quote to: https://mp.weixin.qq.com/s/hrBHKuvdO6XLnduvL4g9oA (Huayu ingenuity)