Market Overview - The three major indices opened lower, with the Shanghai Composite Index down 0.87% at 4040.30, the Shenzhen Component down 1.09% at 13801.03, and the ChiNext Index down 1.15% at 3222.88 [1] Industry Developments - The Ministry of Industry and Information Technology, along with eight other departments, issued the "Implementation Plan for High-Quality Development of Traditional Chinese Medicine Industry (2026-2030)", aiming to promote the approval of innovative Chinese medicine drugs and cultivate ten major traditional Chinese medicine products [2] - Eleven departments jointly released opinions to enhance the digital service convenience for inbound personnel, targeting significant improvements in internationalization and efficiency by 2027 [2] Company News - Infineon announced a price increase for certain products effective April 1, 2026 [3] - BASF raised TDI product prices by 11% in the Asia-Pacific region, excluding mainland China [4] - HP, Dell, Acer, and Asus are considering sourcing memory chips from chip manufacturers in mainland China for the first time [5] - Bitcoin experienced a significant drop, falling to around $62,000, losing over half its value from a four-month high due to increased market volatility [6] - Jinfu Technology announced plans to acquire 51% stakes in Zhuohui Metal and Lianyi Thermal Energy for 714 million yuan, while Guoxuan High-Tech plans to raise no more than 5 billion yuan through a private placement [11] - The actual controller of Beiliang Technology is under investigation by the Securities Regulatory Commission for alleged market manipulation [13] Commodity Market - COMEX gold futures fell by 3.08% to $4,798.1 per ounce, while COMEX silver futures dropped by 16.64% to $70.35 per ounce [12] - The initial margin for COMEX 100 gold futures was raised from 8% to 9%, and for COMEX 5000 silver futures from 15% to 18% [12] Financial Performance - Amazon reported fourth-quarter sales of $213.39 billion, a year-on-year increase of 13.6%, exceeding expectations of $211.49 billion, with a net profit of $21.19 billion, up 6% year-on-year [12]

2.选择→发消息 3.输入查询产品信息，如"TDI+ 您的联系方式，我们将及时回复。 慧正资讯，2026年2月4日，BASF宣布，自即日起或按合同条款执行，其Lupranate®TDI（甲苯二异氰酸酯）在亚太地区（不含中国 大陆）及MEAF地区价格上调200美元/吨。BASF表示此次调价直指成本端压力，其明确表示，运输、能源及合规成本的持续上升是 核心动因，可持续业务发展的考量也进一步推高了生产与运营成本。 巴斯夫海外调价显示当前全球TDI产业格局重构，海外成本压力与供应收缩将长期存在，而中国TDI产业凭借产能、成本与产业链优 势，全球市场话语权将持续提升。近年来海外多地TDI装置因环保标准升级、运行成本高企等因素陆续关停或减产，印度GNFC、韩 国韩华等企业装置频繁临停。2026年1月全球TDI装置停车检修总量占全球总产能的24%，海外市场供应缺口持续扩大。作为全球TDI 寡头企业之一，巴斯夫的调价行为也将进一步带动海外市场价格上行，加剧全球市场的价格分化。 中国TDI产业正迎来产能扩张与出口爆发的双重红利。近年来国内TDI产能持续快速增长，万华化学福建基地36万吨/年新增产能顺利 投产，科思创上海基地也完 ...

Group 1 - BASF has announced a price increase of $200 per ton for its Lupranate TDI products in the Asia-Pacific region (excluding mainland China) and MEAIF region, effective February 4, 2026, due to rising costs in sustainable business development, transportation, energy, and regulation [1] - The price increase represents an approximate 11% rise from the pre-increase market price of around $1750 per ton for TDI products in the Asia-Pacific region [1] - The chemical industry ETF (159870) has seen mixed performance among its constituent stocks, with Guangdong Hongda leading with a 1.49% increase, while Lianhong Xinke experienced a decline [1] Group 2 - As of January 30, 2026, the top ten weighted stocks in the CSI Chemical Industry Theme Index (000813) include Wanhua Chemical, Salt Lake Co., Cangge Mining, Tianci Materials, Hualu Hengsheng, Hengli Petrochemical, Juhua Co., Baofeng Energy, Yuntianhua, and Rongsheng Petrochemical, collectively accounting for 44.82% of the index [2]

Core Insights - BASF Agricultural Solutions Canada is launching the fourth year of its community program "Growing Home with BASF," aimed at empowering Canada's agriculture community and supporting local organizations [1][3] - The program has previously engaged thousands of Canadians, highlighting the importance of local organizations in rural communities [2][3] - A total prize fund of $160,000 will be distributed among 12 organizations across three prize levels in 2026 [3][4] Program Details - Nominations for the program will be open from February 3 to February 28, 2026, for residents in Alberta, Saskatchewan, Manitoba, and Ontario [3] - Voting for the finalists will take place from March 31 to April 17, 2026, with winners announced on April 28, 2026 [3] - The prize distribution includes four first-place prizes of $25,000, four second-place prizes of $10,000, and four third-place prizes of $5,000 [7] Previous Impact - Since its inception in 2023, the program has allocated $335,000 to 19 organizations across the participating provinces [4] - In 2025, notable winners included the Hussar Agricultural Society, Playfair Daycare, The Boissevain School Parent Advisory Council Playground Committee, and the Palmerston and District Hospital Foundation, each receiving $25,000 [4][8] Company Background - BASF Agricultural Solutions Canada is headquartered in Calgary, Alberta, employing over 625 individuals across various production facilities and research farms [9] - The division is a leader in research and product development, focusing on sustainable agricultural practices [10] - In 2024, BASF Agricultural Solutions generated sales of €9.8 billion and invested €919 million in research and development [10]

慧正资讯，2026年1月22日，科思创宣布其位于广东珠海的全新热塑性聚氨酯（TPU）生产基地一期工程顺利投产。 2023年科思创宣布该投资计划，珠海生产基地共分三期建设，占地面积4.5万平方米，一期投产后年产能可达3万吨，将精准对接IT电子、汽车 制造、鞋材等核心行业对高性能TPU材料日益增长的需求。预计在2030年代全面建成后，最大年产能将达12万吨，届时将成为科思创全球规模 最大的TPU生产设施。 近年，全球TPU产能布局逐步呈现"外资深耕中国、内资向上突破"格局。外资企业加速将产能向亚太转移，科思创珠海基地分三期建设，一期 3万吨产能精准对接IT电子、新能源汽车等高端需求，2030年代全面建成后将成为其全球TPU业务枢纽。2024年巴斯夫湛江基地TPU装置投产， 打造全球最大单一TPU生产线，该生产线年产能达12万吨，主要服务于工业、消费品和交通等领域。 国内企业则通过产能扩张与技术攻坚实现突围。万华化学烟台产业园TPU产能将达21万吨，美瑞新材河南基地特种异氰酸酯项目落地，打破高 端原料进口依赖。头部企业加速产业链一体化布局，华峰化学虽并购计划受阻，但仍持续深耕TPU业务，道恩股份等中小企业则聚焦细分 ...

新型PCF工具的核心在于整合了全球2.5万余种原材料的二氧化碳数据。此外，该工具还纳入了巴斯夫 涂料全球30余个生产基地的独立能源流数据，从而能够精确追踪各类产品变体的排放量。该工具独特的 突破点还在于覆盖了二氧化碳之外的影响类别，为开发提升客户可持续性的定制化解决方案提供了关键 洞察。 除产品核算方案外，巴斯夫涂料还为汽车整车制造商提供了全球汽车表面处理解决方案生命周期评估工 具，并为汽车修理厂提供了EcoImpact评估工具，作为增值服务以支持客户。 巴斯夫称，公司现已建立起一套敏捷、实时、可审计且全球适用的二氧化碳数据基础，覆盖12万种销售 产品。所有产品相关的温室气体排放，从原材料采购、运输到生产过程中的能源消耗，均通过系统支持 实现一体化的统一计算。这为可追溯的二氧化碳核算奠定了基础，尤其适用于涂料这类配方复杂、颜色 呈现多样化的产品。这些二氧化碳数据为客户决策提供事实依据，助力其实现可持续发展目标。 中化新网讯 近日，巴斯夫涂料宣布，该公司推出了一项全新的数字解决方案——PCF工具，用于计算 其销售组合的产品碳足迹。该解决方案取代了巴斯夫涂料使用多年的内部开发应用程序，旨在为全球客 户提供可靠的二 ...

I focus on producing objective, data-driven research, mostly about small- to mid-cap companies, as these tend to be overlooked by many investors. From time to time, though, I also look at large-cap names, just to give a fuller sense of the broader equity markets.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in ...

Core Viewpoint - BASF's preliminary data for 2025 indicates a slight increase in sales volume but faces pressure from negative currency effects and declining sales prices, with expected sales of €59.7 billion compared to €61.4 billion in 2024, excluding discontinued coatings business [1] Financial Performance - The expected EBITDA for 2025 is €6.6 billion, lower than the previously projected range of €6.7 billion to €7.1 billion, and down from €7.2 billion in 2024 [1] - Free cash flow for 2025 is projected at €1.3 billion, significantly higher than the analyst average expectation of €0.6 billion and above BASF's prior forecast range of €0.4 billion to €0.8 billion [1] - Operating cash flow is expected to be €5.6 billion in 2025, down from €6.9 billion in 2024, primarily due to increased trading positions from rising precious metal prices [1] Earnings Outlook - EBIT for 2025 is anticipated to be €1.6 billion, below analyst expectations of €2.2 billion and lower than €1.8 billion in 2024 [2] - Net income for 2025 is projected at €1.6 billion, exceeding analyst expectations of €1.2 billion and higher than €1.3 billion in 2024, driven by increased earnings from Wintershall Dea [2]

Core Viewpoint - The chemical group experienced a decline in shares following a prerelease of earnings that did not meet both its guidance and consensus expectations [1] Group 1 - The company's earnings fell short of its own guidance [1] - The earnings also failed to meet consensus expectations from analysts [1]

Core Viewpoint - The article discusses the advancements and collaborations in the solid-state battery industry, highlighting key players and their strategic partnerships aimed at enhancing battery technology and materials for electric vehicles and other applications [1][2][3][4][5]. Group 1: Industry Developments - Solid-state batteries are recognized for their high safety and energy density, marking a significant development direction for electric vehicle power batteries [1]. - The Ministry of Industry and Information Technology of China has emphasized accelerating breakthroughs in solid-state battery technologies, indicating a shift from pure R&D to engineering validation [1]. - Major chemical companies are actively engaging in the solid-state battery sector, with BASF and Sanyou Technology announcing milestone collaborations to enhance their strategic partnership [2]. Group 2: Key Collaborations - BASF has partnered with Sanyou Technology to deliver high-quality samples for heavy-duty vehicle projects and to collaborate on new product cell validation in the 3C safety certification field [2]. - Covestro is working with Fujian Blue Ocean Black Stone New Materials Technology to develop polyurethane binders for silicon-carbon anodes, addressing volume expansion issues during charge and discharge cycles [3]. - SES Holdings has formed a new company, Argylium, with Axens Group to focus on the commercialization of advanced materials for solid-state batteries, particularly targeting the next generation of sulfide solid electrolytes [4]. Group 3: Material Innovations - Companies like Dow Chemical and LG Chem are developing low-cost sulfide electrolytes and uniform control technologies for solid-state electrolytes, respectively, with LG Chem planning to launch a vehicle solid-state battery with an energy density exceeding 500 Wh/kg by 2027 [5]. - Other firms, such as Tianqi Materials and Huizhou Enjie, are also advancing their production capabilities for lithium sulfide and solid-state electrolytes, with significant production lines already established [5]. - The article notes that various materials, including polymer electrolytes and silicon-based anode materials, present promising opportunities for chemical companies in the solid-state battery landscape [6].