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Guotai Junan Futures: Chemical product prices are not transmitting smoothly, and demand acceptance is to be monitored.
Chemical products have a neutral to slightly undervalued estimate in raw materials, but downstream price transmission is not smooth. After more reductions are realized on the supply side, the positive factors on the supply side will continue to have limited momentum. Going forward, it is necessary to monitor demand acceptance, relying on downstream to open up upward space. (Guotai Junan Futures)