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🔥Key highlights: Strong production origins, ongoing increases at ports； Coal chemical industry sees a slight increase as well ； The petrochemical sector moves in line with rising crude oil prices ； Divergence of energy materials ； Industrial gas regional price differences have stabilized ⛏️ Coal | Shenhua Batuta + ports + Bohai Sea region + other areas. For Shenhua Batuta (including shipping costs, price: 5.19), the cost of purchased coal is 5,800 kcal per ton, at 580–584 yuan/ton (↑2) ； 5,500 kcal: 547–550 yuan/ton (↑2) ； 5,000 kcal: 475–478 yuan/ton (↑2). China Coal Association: 5,500 kcal at 550–555 yuan/ton (no change) ； 5,000 kcal: 490–495 yuan/ton (stable) [Port/Bay of Bohai Sea (price includes tax upon delivery)]. Huanghua Port, Q5500: 845–849 yuan/ton (↑3) ； Qinhuangdao Q5500: 843-847 yuan/ton (↑3) ； Bohai Rim Index: 840–843 yuan/ton (↑3). 【Regional Prices (pit / truckload)] Thermal coal Q5500: Ordos 585-589 (↑3), Yulin 613-617 (↑3). Coking coal: Gujiao main coking coal 1315-1325 (↑5), Tangshan 1585-1595 (↑5). Coal tar (Northwest): 3350-3390 (↑30). 【Requirements and Equipment】Requirement: Daily coal consumption for chemical industries in North China to increase by 2% on a month-on-month basis ； Inventory at ports in East China is around 26 million tons, a decrease of 13% year-on-year ； Temperatures in South China continue to rise, driving up daily power consumption by power plants. Facility: Capacity utilization rate in Shanxi, Shaanxi, and Inner Mongolia is 89%; security checks are strict ； Coking capacity utilization: 80% ； Operations at Beigang are efficient. Overall situation: Producers are firm in holding prices, and spot prices at ports are strong; the off-season is not weak, with prices remaining high, and upward trends are expected to continue in the short term. 🧪 Coal chemical industry | Prices + Demand + Plants 【Price range (ex-factory / delivered)】Methanol: Northwest 2710-2730 (↑20), East China 3450-3470 (↑20). Coal-based PE/PP: Northwest PE8260-8300 (↑20), PP8610-8650 (↑20). Ethylene glycol: Northwest 5040-5060 (↑10) ； Urea 2290-2310 (↑10) [Demand and Plants] Demand: Stable demand for formaldehyde and MTO ； Improvement in packaging tube orders ； Purchases of compound fertilizers are active. Facility: Northwest Methanol’s operating rate is 90%; maintenance work is nearing completion ； The coal-to-olefins plant is operating at 93% capacity, running at full production. Overall situation: Strong supply support from the northwest, recovery in premiums in East China; a trend of stability with slight strength, along with fluctuations at higher levels. 🛢️ Petrochemicals | Prices + Demand + Plants 【Price ranges】Crude oil: Brent at $106.0–106.6 per barrel (↑0.7%), WTI at $99.8–100.3 per barrel (↑0.8%). Propylene / Pure benzene: North China propylene 8750-8790 (↑30), pure benzene 8150-8190 (↑30). PVC: 6050-6190 (↑30) ； Propane 7190-7210 (↑20) ； Fuel oil: 6,050 yuan/ton (↑10) [Demand and plants] Demand: Essential replenishments by downstream users, a slight recovery in the real estate sector, and stable export orders. Equipment: Operation rate of East China refineries is 91%, while that of local refineries is 78% ； Wanhua’s MDI production is at full capacity, with low inventory levels. Overall situation: Geopolitical risks on the cost side are driving strength, with the crude oil sector performing well and the real estate sector showing signs of recovery. 🔋 Energy Materials | Price + Demand + Equipment 【Price Range】Battery-grade lithium carbonate: Jiangxi at 166,000–168,000 yuan (↓1,000 yuan), East China at 169,000–171,000 yuan (↓1,000 yuan). Industrial silicon: Northwest 12,760–12,820 (↑20), East China 13,460–13,520 (↑20). Electrolytic aluminum: 18660-18700 (↑20) ； Polysilicon: 16,710 yuan/ton (↓5). 【Requirements and Devices】Requirements: Stable demand for new energy vehicles and energy storage solutions ； Demand for polysilicon remains weak, and support from real estate completions is limited. Facilities: Lithium salt lakes at full production capacity, low inventory levels ； Operating rate of industrial silicon: 86% ； The operating rate of electrolytic aluminum production is 92%. Overall situation: Tight supply and demand balance with price divergence; lithium prices remain weak, while industrial metals show stronger fluctuations. 💨 Industrial gases | Prices + demand + equipment. 【Price range】Liquid oxygen: 400-420 in the Northwest (↑5), 525-535 in East China (↑5). Liquid nitrogen: Inner Mongolia 320-330 (↑5), Zhejiang 490-500 (↑5). High-purity helium: 158-160 yuan/m³ (↑1). 【Requirements and Equipment】Requirement: Stable gas supply for metallurgy and chemical industries in the northwest ； Demand for electronic semiconductors in East China is strong, with active purchasing activity. Facility: Northwest Air Separation at full capacity ； New production capacity in East China comes online, leading to stable supply ； The import of specialty gases is tight. Overall situation: Low prices in the northwest and high prices in the southeast; bulk gases are stabilizing and showing signs of recovery, while specialty gases exhibit strong resistance to price drops. 📈 Industry trends and future outlook: Currently, in the energy and chemicals sector, coal leads with strong performance, coal-based chemicals follow suit, the petrochemical industry is relatively strong, materials show varied performance, and gases are characterized by regional differences. Supply and demand landscape: Strong demand for raw materials in the northwest, recovery in pricing in East China, steady demand for advanced processing in South China – resulting in a tight balance in the supply chain. Competitive landscape: State-owned coal enterprises control resources to stabilize prices ； Petrochemical costs drive differentiation ； Material assembly techniques and long orders ； Gas delivery efficiency. Short-term outlook: As the peak summer season approaches, coal prices are expected to fluctuate strongly; coal chemical products will remain at high levels; the petrochemical sector will perform well alongside rising crude oil prices; there will continue to be differences among various materials; and regional price differences for gases will stabilize. Pay close attention to production area safety inspections, geopolitical risks related to crude oil, and the pace of inventory replenishment downstream. Article cited on WeChat official account: Huayu Jingyan