截至8月13日收盘，煤化工概念下跌0.45%，位居概念板块跌幅榜前列，板块内，江苏索普、潞安环 能、新疆天业等跌幅居前，股价上涨的有27只，涨幅居前的有九丰能源、君正集团、航天晨光等，分别 上涨3.90%、2.42%、2.39%。 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 601699 | 潞安环能 | -4.45 | 2.24 | -19869.11 | | 002648 | 卫星化学 | -1.21 | 1.64 | -18621.10 | | 600309 | 万华化学 | 0.13 | 1.00 | -13872.11 | | 600256 | 广汇能源 | -0.73 | 0.96 | -8411.26 | | 600989 | 宝丰能源 | -0.32 | 0.53 | -6386.70 | | 000983 | 山西焦煤 | -1.86 | 1.55 | -5502.19 | | 600808 | 马钢股份 | -0.98 | 2.10 | -5371.46 | | 60018 ...

公司发布的一季报数据显示，一季度公司共实现营业收入58.00亿元，同比增长6.05%，实现净利润8.09 亿元，同比增长160.64%，基本每股收益为0.3000元，加权平均净资产收益率4.44%。 7月9日公司发布上半年业绩预告，预计实现净利润19.70亿元至21.30亿元，同比变动区间为 136.00%~155.00%。（数据宝） 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） 巨化股份股价创出历史新高，截至9:52，该股上涨2.11%，股价报29.56元，成交量1003.24万股，成交金 额2.94亿元，换手率0.37%，该股最新A股总市值达798.04亿元，该股A股流通市值798.04亿元。 证券时报·数据宝统计显示，巨化股份所属的基础化工行业，目前整体涨幅为0.43%，行业内，目前股价 上涨的有184只，涨停的有凯美特气、沧州明珠等3只。股价下跌的有215只，跌幅居前的有江苏索普、 巍华新材、*ST亚太等，跌幅分别为4.88%、4.42%、3.86%。 两融数据显示，该股最新（8月12日）两融余额为31.77亿元，其中，融资余额为31.70亿元，近10日增加 ...

截至2025年8月12日 14:10，中证细分化工产业主题指数(000813)上涨0.19%，成分股三美股份(603379)上涨4.75%，航锦科技(000818)上涨4.28%，巨化股份 (600160)上涨2.77%，万华化学(600309)上涨2.36%，华鲁恒升(600426)上涨2.14%。化工ETF(159870)上涨0.16%， 冲击3连涨。最新价报0.63元，盘中净申购 超2亿。 消息面上，工业生产者出厂价格指数（PPI）环比降幅比上月收窄0.2个百分点至0.2%，同比下降3.6%，降幅与上月相同。整体来看，7月PPI呈现出环比降幅 收窄的迹象。从结构上看，上游行业环比降幅收窄更加明显，采掘工业、原材料工业、加工工业环比降幅分别收窄1个、0.6个、0.2个百分点，或因反内卷政 策主要集中在中上游行业，使得上游波动更加明显。 化工ETF紧密跟踪中证细分化工产业主题指数，中证细分产业主题指数系列由细分有色、细分机械等7条指数组成，分别从相关细分产业中选取规模较大、 流动性较好的上市公司证券作为指数样本，以反映相关细分产业上市公司证券的整体表现。 数据显示，截至2025年7月31日，中证细分化工产业 ...

Core Viewpoint - The refrigerant market is expected to maintain high demand as the new cooling year approaches, despite a decrease in air conditioning production since July. The overall sales performance remains strong, indicating a potential uplift in refrigerant demand [1][4]. Group 1: Refrigerant Production and Policy - In the first half of 2025, the production of refrigerants R32, R134a, and R125 reached 138,000 tons, 76,000 tons, and 57,000 tons respectively, accounting for approximately 49%, 37%, and 34% of the annual quota [2]. - The export volumes for R32 and R134a in the same period were 40,000 tons and 50,000 tons, representing about 41% and 39% of their respective annual export quotas [2]. - The supply-demand environment for refrigerants in 2025 is relatively balanced, with some varieties being relatively abundant, reducing the necessity for quota increases. The policy regarding refrigerant quotas is expected to remain stable through mid-2026 [2]. Group 2: Refrigerant Pricing Trends - Despite a decline in air conditioning production since July, refrigerant prices continue to rise. The latest corporate quotation for R32 is nearing 60,000 yuan per ton [3]. - The pricing power for refrigerants has shifted from the demand side to the supply side, indicating that the seasonal decline in air conditioning demand does not dominate refrigerant price trends [3]. - Internationally, the price of R32 in Europe approached 20,000 euros per ton in the fourth quarter of 2024, suggesting that there is still significant upward potential for domestic refrigerant prices [3]. Group 3: Air Conditioning Market Performance - As the new cooling year approaches in late August 2025, the retail sales of air conditioning units have shown strong growth. Offline retail sales increased by 19.63% year-on-year, while online sales surged by 26.17% [4]. - The retail volume for air conditioning units also saw a year-on-year increase of 16.15% offline and 30.28% online, with certain regions experiencing stock shortages [4]. - Given the current sales dynamics, air conditioning production is expected to remain high, which will likely boost refrigerant demand [4]. Group 4: Investment Recommendations - Following the release of refrigerant companies' performance in the first half of 2025, the sector's valuation has seen a decline. Concerns remain regarding the stability of the policy environment and the potential impact on future refrigerant demand [5]. - The expectation of stable policies in 2025 and 2026, along with the continued rise in refrigerant prices during the off-season, suggests that market expectations may gradually improve, leading to a potential recovery in sector valuations [5]. - Companies in the refrigerant supply chain, such as Juhua Co., Ltd. (600160.SH), Dongyue Group (00189), and others, are highlighted as potential investment opportunities due to their expected valuation increases [5].

Investment Rating - The report rates the chemical industry as "Outperform" [2] Core Views - The report highlights the impact of fluctuating international oil prices and the recent price changes in titanium dioxide and refrigerants, suggesting a focus on mid-year earnings reports and the influence of supply-side factors in related sub-industries [2][3][11] - It emphasizes the importance of self-sufficiency in electronic materials companies and the stability of dividend policies in energy enterprises [11] Summary by Sections Industry Dynamics - In the week of August 4-10, 2025, among 100 tracked chemical products, 18 saw price increases, 39 experienced declines, and 43 remained stable. 38% of products had month-on-month price increases, while 56% saw decreases [10][31] - International oil prices fell, with WTI crude oil closing at $63.88 per barrel, down 5.12% for the week, and Brent crude at $66.59 per barrel, down 4.42% [10][32] - Titanium dioxide prices decreased to an average of 13,302 RMB/ton, down 1.10% from the previous week, with a year-to-date decline of 7.24% [10][33] - Refrigerant prices increased, with R32 averaging 56,500 RMB/ton, up 2.73% week-on-week and 31.40% year-to-date [10] Investment Recommendations - The report suggests focusing on mid-year earnings, the impact of "anti-involution" on supply in related sub-industries, and the importance of self-sufficiency in electronic materials [11] - Long-term investment themes include the sustained high demand in the oil and gas extraction sector, the rapid development of downstream industries, and the potential for recovery in demand supported by policy [11] - Recommended stocks include China Petroleum, China Oilfield Services, and several technology and chemical companies [11] Key Stocks for August - The report identifies Satellite Chemical and Anji Technology as key stocks for August, highlighting their strong performance and growth potential [12][18]

中国银河证券指出，当前时点基础化工行业估值处在2014年以来偏低水平，具有中长期配置价值。近期 建议关注以下三条投资主线：一是，西部大开发深入推进，把握成长确定性机会，重点关注民爆板块； 二是，供给侧扰动增多，关注周期弹性机会，如TDI、有机硅、涤纶长丝等；三是，赋能新质生产力， 新材料国产替代或提速，如成核剂、电子级PPO、COC/COP、高性能PI薄膜等。 化工ETF紧密跟踪中证细分化工产业主题指数，中证细分产业主题指数系列由细分有色、细分机械等7 条指数组成，分别从相关细分产业中选取规模较大、流动性较好的上市公司证券作为指数样本，以反映 相关细分产业上市公司证券的整体表现。 数据显示，截至2025年7月31日，中证细分化工产业主题指数(000813)前十大权重股分别为万华化学 (600309)、盐湖股份(000792)、巨化股份(600160)、藏格矿业(000408)、华鲁恒升(600426)、宝丰能源 (600989)、卫星化学(002648)、恒力石化(600346)、云天化(600096)、龙佰集团(002601)，前十大权重股 合计占比43.54%。 化工ETF(159870)，场外联接A：0 ...

Group 1 - The 12th World Congress of Chemical Engineering and the 21st Asia-Pacific Chemical Alliance Conference opened, highlighting China's position as the largest producer and consumer in the global chemical industry [1] - In the fine chemical sector, China's revenue accounts for 50% of the global market share [1] Group 2 - Comprehensive leading companies include Wanhua Chemical, the largest global MDI producer, and New Chemical Materials, which covers the entire industrial chain of polyurethane, petrochemicals, new materials, and fine chemicals [4] - Other leading companies in specific segments include Longbai Group, the world's largest titanium dioxide producer, and Yuntianhua, a domestic leader in phosphate resources [4][5] Group 3 - Potential companies include Yuanli Technology, which has the world's largest production capacity for dimethyl adipate, and Zhongyan Chemical, the global leader in sodium metal production [5]

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Views - The chlor-alkali industry is experiencing a recovery in profitability, driven by a tightening supply of glyphosate and glufosinate, leading to price increases [4][20] - The "anti-involution" policy is expected to be a key focus in 2025 and beyond, aiming to optimize the competitive landscape in the chemical industry [26] Summary by Sections Industry Trends - The chemical industry index outperformed the CSI 300 index by 1.1% this week, with 76.7% of the 545 tracked stocks showing weekly gains [17] - The average price of glyphosate increased to 26,399 CNY/ton, a rise of 0.37% from the previous week, while glufosinate also saw a price increase [21][22] Key Products Tracking - Urea and potassium chloride prices have risen, while phosphorite and phosphates remain stable [52] - The average price of urea reached 1,780 CNY/ton, up 0.62% from the previous week, driven by improved market sentiment [52][54] Recommended and Beneficiary Stocks - Recommended stocks include leading chemical companies such as Wanhua Chemical, Hualu Hengsheng, and Hengli Petrochemical [6][26] - Beneficiary stocks include companies like Jiangshan Co., Ltd. and Hebei New Chemical Materials [24][27]

截至2025年8月6日 10:31，中证细分化工产业主题指数(000813)上涨0.17%，成分股华峰化学(002064)上 涨2.84%，金发科技(600143)上涨2.81%，新宙邦(300037)上涨1.45%，云天化(600096)上涨1.40%，鲁西 化工(000830)上涨1.36%。化工ETF(159870)最新报价0.61元，盘中净申购6600万份，冲击连续13天净申 购， 东海证券指出，供给侧有望结构性优化，挑选弹性及优势品种板块。国内方面，国家政策端对供给侧要 求（"反内卷"）频繁提及；海外方面，上涨的原料成本+亚洲产能冲击，欧美化工企业近期多经历关 停、产能退出等事件。短期来看，区域摩擦反复，海外化工供应不确定性有所增加；长期来看，我国化 工产业链竞争优势明显，凭借显著的成本优势和不断突破的技术实力，中国化工企业正迅速填补国际供 应链的空白，有望重塑全球化工产业的格局。 化工ETF紧密跟踪中证细分化工产业主题指数，中证细分产业主题指数系列由细分有色、细分机械等7 条指数组成，分别从相关细分产业中选取规模较大、流动性较好的上市公司证券作为指数样本，以反映 相关细分产业上市公司证券的整体表现 ...

Core Viewpoint - The stock price of Juhua Co., Ltd. closed at 27.36 yuan on August 5, 2025, reflecting a slight decrease of 0.07% from the previous trading day, with a total market capitalization of 738.65 billion yuan [1] Group 1: Company Performance - Juhua Co., Ltd. operates in the fields of fluorochemical and chlor-alkali chemical products [1] - The company expects to achieve a net profit of 1.97 billion to 2.13 billion yuan in the first half of 2025, representing a year-on-year growth of 136% to 155% [1] Group 2: Market Activity - On the reporting day, the trading volume reached 498 million yuan, with a turnover rate of 0.67% [1]