Group 1 - The core point of the news is that Wanhua Chemical (Fujian) Dock Co., Ltd. successfully obtained the sea use rights for the Jiangyin Port City Economic Zone's eastern industrial park, marking a significant step in promoting efficient sea use and deepening the market-oriented allocation of marine resources in Fuzhou [1][2] - The project involves the construction of basic supporting facilities for the Jiangyin Chemical New Materials Zone, with a total investment exceeding 4.1 billion yuan and a construction period of 30 months [1] - The "transfer of sea use rights" service allows companies to obtain sea use rights and property certificates on the same day after payment, streamlining the process and enhancing efficiency [1][2] Group 2 - Fuzhou has been optimizing the allocation of marine resources by integrating sea use rights into the public resource trading platform and creating standardized operational guidelines [2] - The resource planning department collaborates with real estate registration agencies to innovate processes, allowing for the simultaneous completion of sea use management assignments on the day of the transaction [2] - The "transfer of sea use rights" initiative accelerates the market-oriented allocation of marine resources, with plans to strengthen communication with marine enterprises to support high-quality development of the marine economy [2]

Group 1 - The chemical products sector increased by 1.84% on September 29, with Changhua Chemical leading the gains [1] - The Shanghai Composite Index closed at 3862.53, up 0.9%, while the Shenzhen Component Index closed at 13479.43, up 2.05% [1] - Key stocks in the chemical products sector showed significant price increases, with Changhua Chemical rising by 20.01% to a closing price of 34.36 [1] Group 2 - The chemical products sector experienced a net inflow of 644 million yuan from main funds, while retail investors saw a net outflow of 248 million yuan [2] - Major stocks like Duofuduo and Juhua Co. had varying net inflows and outflows, indicating mixed investor sentiment [3] - Changhua Chemical had a net inflow of approximately 78.6 million yuan from main funds, but retail investors showed a net outflow of about 25.8 million yuan [3]

烟台万华化学顺酐装置年设计产能20万吨，是全球规模最大的顺酐生产装置之一。目前SynDane催化剂 在装置中运行指标表现优异，尤其是其高收率大幅减少了副产物生成。SynDane的创新设计实现了更低 的压降和更少的能耗，助力客户实现可持续性运营。 据介绍，SynDane 3142 LA是一款采用科莱恩专利的双α形设计的选择性氧化催化剂。该专有双α形状设 计作为一项重大创新，使SynDane 3142与传统环形催化剂差异显著，其独特的物理和化学特性可在顺酐 生产过程中实现高选择性，同时大幅降低压降。该创新设计为生产商带来了显著优势，能以更低的工艺 和能源成本实现更高的生产力。同时，SynDane可强力抑制副产物生成，确保顺酐优良品质，并大幅减 少装置停车时间。凭借其高度稳定性，SynDane具有超过5年的长周期使用寿命。 中化新网讯 9月24日，科莱恩宣布，其SynDane 3142 LA催化剂在烟台万华化学顺酐装置中表现出色。 该催化剂自2024年应用以来，运行绩效优异，实现了其在效率和可持续性方面的承诺。 ...

Investment Rating - Industry investment rating: Overweight [1] Core Views - The chemical sector's overall performance ranked 17th this week, with a decline of 0.95%, underperforming the Shanghai Composite Index by 1.16 percentage points and the ChiNext Index by 2.91 percentage points [4][22] - The chemical industry is expected to continue its trend of differentiated growth in 2025, with recommendations to focus on synthetic biology, pesticides, chromatography media, sweeteners, vitamins, light hydrocarbon chemicals, COC polymers, and MDI [4] Summary by Sections Industry Performance - The chemical sector's performance this week was -0.95%, ranking it 17th among all sectors, while the top three performing sectors were power equipment, non-ferrous metals, and electronics [22][23] - The top three individual stocks in the chemical sector this week were Bluefeng Biochemical (61.16%), Shangwei New Materials (44.81%), and Huarsoft Technology (31.83%) [28] Key Industry Dynamics - A new plan for stable growth in the petrochemical industry was released by seven departments, aiming for an average annual growth of over 5% in value added from 2025 to 2026 [34] - The plan emphasizes the importance of technological innovation, digital empowerment, and environmental sustainability in the petrochemical sector [34] Investment Opportunities - Synthetic biology is highlighted as a key area for growth, with companies like Kasei Biotech and Huaheng Biological being recommended for investment [4][8] - The third-generation refrigerants are expected to enter a high prosperity cycle due to upcoming quota policies and stable demand growth from the air conditioning and cold chain markets [5] - The electronic specialty gases market presents significant domestic substitution opportunities, driven by rapid upgrades in the semiconductor and photovoltaic industries [6][8] - Light hydrocarbon chemicals are identified as a global trend, with a shift towards lighter raw materials expected to enhance the value of leading companies in this sector [8] - The COC polymer industry is accelerating its domestic industrialization process, with companies like AkzoNobel being recommended for attention [9] - Potash fertilizer prices are anticipated to rebound as supply tightens and demand increases due to rising agricultural planting intentions [10] - The MDI market is expected to improve due to oligopolistic supply dynamics and stable demand from polyurethane applications [12]

Investment Rating - The industry investment rating is maintained as "Positive" [5] Core Viewpoints - The "Stabilizing Growth Work Plan" for the petrochemical industry has raised expectations, focusing on enhancing technological innovation, expanding effective investment, and fostering market demand [8] - The green low-carbon industry, particularly green polyester, is expected to experience rapid growth due to new technologies and significant market potential [8] Summary by Sections Investment Recommendations and Targets - The report favors companies that have strategically positioned themselves in the green polyester sector, such as Wankai New Materials (301216, Buy). Other recommended stocks include Sinopec (600028, Buy), Hengli Petrochemical (600346, Buy), Rongsheng Petrochemical (002493, Buy), Wanhua Chemical (600309, Buy), and Huayi Group (600623, Buy). Additionally, companies in the pesticide formulation segment like Runfeng Co., Ltd. (301035, Buy), Guoguang Co., Ltd. (002749, Buy), and Hailier (603639, Buy) are also highlighted [3] Industry Overview - The petrochemical industry is currently facing significant oversupply, making rapid recovery through market-driven policies challenging. However, the long-term outlook for the industry is improving, with lower valuations for leading chemical stocks providing good investment opportunities [8] - The green low-carbon sector, including green methanol, bio-aviation fuel, and green polyester, is gaining market attention due to its vast market space and the need for sustainable development. Companies that capitalize on these trends are expected to achieve rapid growth [8] Recent Developments - The recent "Stabilizing Growth Work Plan" emphasizes controlling new refining capacity and supporting key products in electronic chemicals and high-end polyolefins, while also fostering new application scenarios in emerging fields like renewable energy and low-altitude economy [8]

Investment Rating - The report maintains a "Positive" rating for the chemical industry [5][6][20] Core Insights - The petrochemical industry is expected to see stable growth due to the introduction of policies aimed at enhancing industry health and eliminating outdated capacity [5][6] - The demand for viscose filament is anticipated to tighten, leading to an upward trend in prices, while the grass herbicide market is expected to optimize its structure [5][6] - The global GDP growth is projected to remain at 2.8%, with stable oil demand despite some slowdown due to tariff policies [5][6] Industry Dynamics - Oil supply is expected to increase significantly, driven by non-OPEC production, while demand remains stable [5][6] - The coal market is anticipated to experience long-term price stabilization, with easing pressures on downstream sectors [5][6] - Natural gas exports from the U.S. are likely to accelerate, potentially lowering import costs [5][6] Chemical Sector Analysis - The report highlights that the viscose filament industry will see a supply-demand tightening, with a projected increase in operating rates from 84% to over 95% [5][6] - The grass herbicide market is set to address issues of low pricing and quality through upcoming industry meetings aimed at regulating competition [5][6] Investment Recommendations - The report suggests focusing on sectors benefiting from the "anti-involution" policy, including textiles, agriculture, and export-related chemicals [5][6] - Specific companies to watch include Xinxiang Chemical Fiber, Jilin Chemical Fiber, and Lier Chemical, which are expected to benefit from market dynamics [5][6][20] Key Company Valuations - The report provides a valuation table for key companies, indicating various ratings such as "Buy" and "Increase" for companies like Hailir Chemical, Yunnan Chemical, and Wanhu Chemical [20]

Group 1: Metal Sector - Zijin Mining's net profit forecast for 2025 is 475 million CNY, with a PE ratio of 15.46[12] - Luoyang Molybdenum's net profit forecast for 2025 is 168.65 million CNY, with a PE ratio of 17.35[12] - The copper production of Zijin Mining is expected to increase by 7% to 115,000 tons in 2025[20] Group 2: Chemical Sector - Wanhua Chemical's net profit forecast for 2025 is 141.75 million CNY, with a PE ratio of 0.00[12] - Longbai Group's net profit forecast for 2025 is 23.01 million CNY, with a PE ratio of 19.75[12] - The MDI market is expected to improve as supply and demand conditions stabilize[48] Group 3: Transportation Sector - China Merchants Highway's net profit forecast for 2025 is 55.01 million CNY, with a PE ratio of 12.10[12] - Haitong Development's net profit forecast for 2025 is 4.43 million CNY, with a PE ratio of 18.87[12] Group 4: Construction Sector - Sichuan Road and Bridge's net profit forecast for 2025 is 82.86 million CNY, with a PE ratio of 8.79[12] - Honglu Steel Structure's net profit forecast for 2025 is 7.96 million CNY, with a PE ratio of 15.35[12]

投资评级：看好（维持） 行业走势图 数据来源：聚源 -19% -10% 0% 10% 19% 29% 2024-09 2025-01 2025-05 基础化工 沪深300 相关研究报告 《UCO-SAF 供需持续偏紧，欧盟对美 SAF 征收反侵销税或凸显中国 SAF 竞 争力—行业点评报告》-2025.9.25 《本周电石价格上涨，国内生物酶解 法 rPET 产业化进程提速—化工行业 周报》-2025.9.21 《2025 年 8 月 PPI 环比持平，环氧氯 丙烷供给偏紧，价格上行—化工行业 周报》-2025.9.14 《石化化工行业稳增长工作方案（2025-2026 年）》印 发，草铵膦、锦纶行业反内卷有序推进 ——行业周报 基础化工 基础化工 2025 年 09 月 28 日 | 金益腾（分析师） | 徐正凤（分析师） | | --- | --- | | jinyiteng@kysec.cn | xuzhengfeng@kysec.cn | | 证书编号：S0790520020002 | 证书编号：S0790524070005 | 本周行业观点：草铵膦、锦纶行业反内卷有序推进，有望助力行业景气上行 （1 ...

证券之星消息，9月26日化学制品板块较上一交易日下跌0.27%，华软科技领跌。当日上证指数报收于 3828.11，下跌0.65%。深证成指报收于13209.0，下跌1.76%。化学制品板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 920015 | 锦华新材 | 54.97 | 29.98% | 23.21万 | | 11.58亿 | | 838402 | 確綜科技 | 12.27 | 7.54% | 30.07万 | | 3.91亿 | | 603505 | 金石资源 | 18.19 | 6.81% | 44.44万 | | 7.99亿 | | 001358 | 兴欣新材 | 32.20 | 6.62% | - 3.73万 | | 1.19亿 | | 002407 | 会運客 | 17.64 | 5.82% | 155.66万 | | 26.85 亿 | | 002226 | 江南化工 | 6.92 | 5.33% | 100.53万 | | 6.89亿 ...

人民财讯9月26日电，企查查APP显示，近日，中核山东核能有限公司发生工商变更，注册资本从约 54.35亿元增加到55.71亿元。企查查信息显示，该公司成立于2021年，法定代表人为洪源平，经营范围 含发电技术服务、海水淡化处理、核电设备成套及工程技术研发、工程和技术研究和试验发展等，由中 国核电（601985）、万华化学（600309）、烟台能源投资发展集团有限公司等共同持股。 ...