2013年国内经济增速放缓,需求回落,石油化工行业的“贫瘠时代”终究要被产能充裕、供给充足的“富裕社会”所取代。面对这一转折,我们认为,必须建立起与之对应的新逻辑体系。即在产业链过剩的不均衡中将创造上下游错峰的投资机会;从行业发展的长期视角看,节能环保产业具有重要意义;优胜劣汰和产业结构的自我优化将导致行业普遍进入寡头垄断,具有国际优势地位的巨头企业将最终崛起 In 2013, the domestic economic growth slowed down and demand fell. After all, the “barren age” of the petrochemical industry will eventually be replaced by ample “well-off society” with abundant production capacity and abundant supply. In the face of this turning point, we think it is necessary to establish a corresponding new system of logic. That is, the imbalance in the industrial chain will create upstream and downstream investment opportunities; from a long-term perspective of industrial development, energy saving and environmental protection industry is of great significance; survival of the fittest and self-optimization of industrial structure will lead to widespread industry oligopoly, with Giant companies with international dominance will eventually emerge