Galaxy Securities research report points out that the Brent oil price is expected to range from $70 to $80 per barrel in the near term. The cost side is not the key factor affecting industry profits, what matters is the improvement in industry supply and demand. Currently, the petrochemical industry's construction projects are still at a high level, and as the effects of policy stimulus gradually show, end consumption may improve to some extent, but it is expected that the industry's existing production capacity and under-construction capacity will still need time to be absorbed. Galaxy Securities is bullish on industry structural opportunities and recommends focusing on growth-oriented targets, recommending Ningxia Baofeng Energy Group, Satellite Chemical, Qingdao Gon Technology, etc.