7月化学原料和化学制品制造业工业增加值同比增长7.2%，硝酸、PTA价格上涨

Core Viewpoint - The report highlights the growth in the industrial sector, particularly in the petroleum, natural gas, and chemical manufacturing industries, indicating a positive trend in the basic chemical industry [1][3]. Industrial Growth Data - In July, the industrial added value for large-scale industries grew by 5.7% year-on-year, with the petroleum and natural gas extraction industry increasing by 4.1% and the chemical raw materials and products manufacturing industry rising by 7.2% [1][3]. - From January to July, the industrial added value increased by 6.3% year-on-year, with the petroleum and natural gas extraction industry growing by 3.7% and the chemical raw materials and products manufacturing industry growing by 8.0% [1][3]. Price Tracking - WTI oil price increased by 1.4%, reaching $63.66 per barrel [4]. - Key chemical products such as urea, DMF, ethylene glycol, caustic soda, and acetic acid saw price increases of 3%, 2.5%, 1.2%, 0.8%, and 0.6% respectively [5]. - The top five chemical products with the highest price increases included carbon dioxide (+18.4%), nitric acid (+12.9%), butane (+8.9%), methyl acrylate (+8%), and battery-grade lithium carbonate (+6.9%) [5]. Chemical Sector Performance - The basic chemical sector rose by 3.4% compared to the previous week, while the CSI 300 index increased by 4.18%, indicating that the basic chemical sector underperformed the broader market by 0.78 percentage points [8]. - Notable sub-sectors with significant weekly gains included other rubber products (+7.06%), polyurethane (+6.37%), titanium dioxide (+5.95%), fluorine chemicals (+5.07%), and polyester (+4.98%) [8]. Sub-industry Focus - The report suggests that the cycle may have reached a relative bottom, with a focus on supply and demand changes in specific industries such as sucralose, pesticides, MDI, and amino acids [9]. - It emphasizes the importance of domestic demand to counteract tariff impacts in sectors like refrigerants and fertilizers [9]. - The report also highlights potential recovery in capacity for industries like organic silicon and spandex [9]. Investment Opportunities - The report identifies investment opportunities in companies involved in self-sufficiency and supply replacement, recommending firms like Lite-On Technology and Aledia in OLED materials, and others in synthetic biology and catalytic materials [10].