机构指出，近期化工小品种的异动需要重点关注，包括炼化副产物、染料等。去年到今年，化工行业板 块资金流入较多，大白马在前段时间有了显著的估值提升，市场开始寻求化工内部补涨的标的。因为双 碳涨氯碱和卫星化学，用资产再定价给大炼化补涨都有类似的交易面原因。 化工每年3-4月都会有炒涨价的需要，今年也不例外。近期涨价品种涌现，今年化工品的涨价品类比去 年多一些。在整体化工资金多，叠加市场对走出通缩有更强预期的背景下，涨价股的动量需要关注。 大品类的反转可能需要看下半年，但是小品种纷纷异动本身就是周期反转的征兆。重点关注染料。 2月8日，浙江龙盛进一步上调大部分分散染料的出厂报价2000元/吨。 前期根据百川，当下分散黑ECT300%市场价格在19元/公斤，较月初均价上涨2元/公斤。活性黑 WNN150%市场均价在23元/公斤左右，较月初均价上涨1元/公斤。分散染料中间体还原物价格已从去年 的2.5万元/吨飙升至目前的5万元/吨。 染料终端需求为纺织服装，全球消费平稳增长。近年格局优化，集中度高，国内CR5有70%左右，龙头 自备产业链一体化，尤其是中间体，主要集中在龙头手中，有很强的定价权，在反内卷背景下，有一定 默 ...

Group 1 - The chemical sector experienced a significant rally on February 9, with the Chemical ETF (516020) opening high and maintaining a positive trend, reaching a maximum intraday increase of 1.79% and closing up by 1.05% [1][6] - Key stocks in the sector included Zhejiang Longsheng, which surged over 8%, and other companies like Lianhong Xinke and Cangge Mining, both rising over 3% [1][6] - The recent supply dynamics in the basic chemical industry have improved, with high-energy-consuming capacities being phased out under policy guidance, leading to increased industry concentration and lower inventory levels among leading manufacturers [8] Group 2 - Demand for traditional products such as soda ash and PVC is recovering due to a rebound in real estate completions, while emerging sectors like new energy vehicles and photovoltaic installations are driving demand for lithium battery materials and EVA resins [8] - The Producer Price Index (PPI) decline in the basic chemical industry has narrowed, indicating a stabilization in the chemical raw materials and chemical products manufacturing sectors [8] - The chemical ETF (516020) tracks the CSI sub-sector chemical industry theme index, covering popular themes such as AI computing power, anti-involution, robotics, and new energy [8]

【市场复盘】 截至2026年2月6日 15：00，中证石化产业指数（H11057）强势上涨2.00%，成分股浙江龙盛上涨 6.18%，恒逸石化上涨5.01%，荣盛石化上涨4.93%，华峰化学，巨化股份等个股跟涨。石化ETF （159731）上涨1.82%，最新价报1.0元。流动性方面，石化ETF盘中换手10.86%；资金流入方面，石化 ETF近20个交易日内合计"吸金"14.47亿元。 【热点要闻】 以上内容与数据，与有连云立场无关，不构成投资建议。据此操作，风险自担。 3. 截至2月6日当周，全球炼油厂停产总量约为540万桶/日，较前一周下降约88万桶/日。下降主要受亚 洲地区重启活动推动，中国及东亚整体表现突出，同时美国也持续从近期风暴导致的停工中恢复。中东 地区维护活动持续增加，部分抵消了上述降幅。展望未来，全球炼油停产总量预计将在下周小幅降至略 高于500万桶/日，具体走势很大程度上取决于丹格特炼油厂原油装置的复工时间，该厂仍是非洲地区最 关键的不确定因素。 4. 市场聚焦伊朗局势。伊朗方面，计划继续谈判，Polymarket显示美国打击伊朗概率显著下降，伊朗石 油供应以及霍尔木兹海峡均未受到影响。俄 ...

基础化工 | 证券研究报告 — 行业周报 2026 年 2 月 8 日 强于大市 化工行业周报 20260208 国际油价回调，己内酰胺、维生素 E 价格上涨 二月份建议关注：1、低估值行业龙头公司；2、"反内卷"对相关子行业供给端影响；3、下游需求旺 盛，自主可控日益关键背景下的电子材料公司。 行业动态 投资建议 ◼ 截至 2 月 8 日，SW 基础化工市盈率（TTM 剔除负值）为 28.57 倍，处在历史（2002 年至今） 82.89%分位数；市净率为 2.58 倍，处在历史 73.42%分位数。SW 石油石化市盈率（TTM 剔除负 值）为 15.16 倍，处在历史（2002 年至今）46.10%分位数；市净率为 1.47 倍，处在历史 50.93% 分位数。展望 2026 年，本轮行业扩产已近尾声，"反内卷"等措施有望催化行业盈利底部修复， 同时新材料受益于下游需求的快速发展，有望开启新一轮高成长，二月份建议关注：1、低估值行 业龙头公司；2、"反内卷"对相关子行业供给端影响；3、下游需求旺盛，自主可控日益关键背 景下的电子材料公司。中长期推荐投资主线：1、传统化工龙头经营韧性凸显，布局新材料等领域， ...

（编辑 丛可心） 证券日报网2月6日讯 ，浙江龙盛在接受调研者提问时表示，公司国内染料由于受诸多原料价格的上 涨，分散染料、活性艳兰和其他活性染料产品均有一定幅度上涨，其中分散染料主要产品分散黑报价近 期累计上涨3000元/吨。 ...

Group 1 - The company Zhejiang Longsheng (600352) has an annual production capacity of approximately 20,000 tons for its reducing agents [1] - The main producers of this product include Zhejiang Longsheng, Zhejiang Runtou Co., Ltd. (002440), and Ningxia Zhongsheng New Technology Co., Ltd. [1] - There has been a recent increase in the market price of the product, with current quotations around 50,000 yuan per ton [1]

Core Viewpoint - Zhejiang Longsheng (600352) believes that the dye industry landscape will undergo restructuring, leading to further release of dye production capacity due to years of technological and industrial investment [1] Group 1: Company Strategy - The company plans to develop a product tree for intermediates, creating a grid layout to enhance operational efficiency [1] - The company aims to leverage the brand "Dystar" to achieve its global strategic objectives [1]

证券日报网2月6日讯，浙江龙盛（600352）在接受调研者提问时表示，公司目前聚焦新材料、精细特种 化学品等，如PI漆、ASA。 ...

证券日报网2月6日讯 ，浙江龙盛在接受调研者提问时表示，德司达自去年年底成为公司的全资子公 司，目前进行了董事人选的调整，后续公司将与德司达更加紧密协同，更好地运用德司达的全球性市 场，促进公司染料市场的全球化运作。 （文章来源：证券日报） ...

Group 1 - The chemical sector is showing strong performance, with the Chemical ETF (516020) experiencing a price increase of 3.13% as of the report time [1][2] - Key stocks in the sector, including Enjie Co., Ltd., Hongda Co., and Duofuduo, have seen significant gains, with Enjie Co. reaching the daily limit up and others rising over 8% [1][2] - The basic chemical sector has attracted substantial capital inflow, with nearly 20 billion yuan in net inflow, leading among 30 major sectors [1][3] Group 2 - Prices for mainstream refrigerants have continued to rise, with R32 long-term contract prices at 61,200 yuan per ton, up 1,000 yuan from the previous quarter, marking a 1.66% increase [3] - The outlook for the industry suggests that regulatory measures and self-discipline initiatives will strengthen supply constraints, benefiting certain sub-sectors like chlor-alkali and pesticides [3] Group 3 - The Chemical ETF (516020) tracks the CSI sub-sector chemical industry index, covering popular themes such as AI computing power and new energy [4] - Investors can also access the chemical sector through the Chemical ETF linked funds, which provide a more efficient way to invest [4]