news flash·2025-05-27 23:58Core Viewpoint - The current valuation of the basic chemical industry is at a low level since 2014, indicating medium to long-term investment value [1] Supply Side - In recent years, capital expenditure and the growth rate of new capacity in the chemical industry have slowed down, but existing and under-construction capacity will still require time to digest [1] Demand Side - By 2025, as the effects of policy stimulus gradually manifest and the recovery momentum of end industries strengthens, the potential of domestic demand is expected to be fully released [1] Investment Opportunities - The industry is optimistic about structural opportunities in chemical products and the potential for valuation recovery in 2025, suggesting three main investment themes: 1. Fully expand domestic demand to seize growth certainty opportunities [1] 2. Cultivate new productive forces, with a focus on new materials [1] 3. Some resource products are expected to maintain high levels of prosperity, highlighting growth potential from scale expansion [1]