【Galaxy Securities: Oil prices operating at mid to high levels, recommend focusing on growth-oriented targets】Jinshi Data, November 1st - China Galaxy Securities research report states that due to factors such as weakening demand and losses from inventory price declines, the performance of some petrochemical listed companies in the third quarter of 2024 is under pressure on a quarter-on-quarter basis. It is expected that the recent Brent oil price will operate in the range of 70-80 USD/barrel, and the cost side is not the key to industry profitability; the key is the improvement of industry supply and demand. Currently, the petrochemical industry has many projects under construction at a high level, and as the effects of policy stimulus gradually manifest, terminal consumption may improve to some extent; however, it is expected that the industry's existing capacity and under-construction capacity will still take time to digest. We are optimistic about structural opportunities in the industry and recommend focusing on growth-oriented targets. (Source: Jinshi Data)