The report pointed out that the global chemical industry pattern is undergoing profound changes, with some capacity gradually shifting to China, making China an important force in the global chemical market. Against this backdrop, geopolitical conflicts and the Red Sea crisis have intensified energy and shipping risks, pushing up logistics costs. At the same time, the dual carbon policy and energy consumption constraints have continued to tighten, further increasing production costs.

The report specially emphasized the risks of sulfur as a key raw material: China has a large gap in sulfur supply, which is highly dependent on imports from the Middle East, and sulfur prices have fluctuated sharply in recent years. In addition, sulfur transportation is facing the dual challenges of reduced "transportability" and fluctuations in freight indices.

Overall, enterprises should pay attention to capacity transfer, geopolitical risks, the dual carbon policy, as well as the supply and demand, price and transportation changes of key raw materials. They should actively respond to the challenges brought by industry changes by optimizing supply chains, improving low-carbon technologies and strengthening cost control.