本报告为花旗欧洲化工品价格周度追踪（2026年第42周），旨在跟踪对欧洲化工股有影响的化工品最新价格与价差变动，覆盖裂解产物（乙烯、丙烯、丁二烯、苯）、异氰酸酯与聚碳酸酯（MDI、TDI、PC）、蛋氨酸与维生素、化肥（尿素、钾肥、DAP、MAP）、硅产业链（硅铁、金属硅、多晶硅、有机硅）以及丙烯酸、己内酰胺、纯碱等品种，并列出各品种对应的公司销售敞口，涉及Arkema、BASF、DSM-Firmenich、Evonik、K+S、ICL、Lanxess、Solvay、Wacker Chemie与Yara。10月环比看，己内酰胺欧洲上涨122%领涨，苯欧洲、苯美国分别上涨75%和80%，丁二烯美国上涨32%；跌幅居前的是纯碱欧洲（-154%）、乙烯亚洲（-79%）、苯亚洲（-26%）与纯碱亚洲（-22%）。
This weekly publication keeps investors abreast of the latest price moves that matter for European chemical stocks. It tracks prices and spreads across cracker products (ethylene, propylene, butadiene, benzene), isocyanates and polycarbonate (MDI, TDI, PC), methionine and vitamins, fertilizers (urea, potash, DAP, MAP), the silicon chain (ferrosilicon, silicon metal, polysilicon, silicones), acrylic acid, caprolactam and soda ash, and maps them to the sales exposure of Arkema, BASF, DSM-Firmenich, Evonik, K+S, ICL, Lanxess, Solvay, Wacker Chemie and Yara. On a month-on-month basis in October 2026, caprolactam Europe rose 122%, benzene Europe and benzene US gained 75% and 80% respectively, and butadiene US added 32%, while soda ash Europe (-154%), ethylene Asia (-79%), benzene Asia (-26%) and soda ash Asia (-22%) posted the largest declines. The report also compares current spreads with historical average ranges, showing that most product spreads remain below historical averages, which i