液氯、天然气等涨幅居前，建议关注进口替代、纯内需、高股息等方向 | 投研报告

Core Viewpoint - The report highlights the impact of the Russia-Ukraine conflict on international oil prices, which have shown volatility, with Brent crude oil at $68.12 per barrel and WTI at $64.01 per barrel as of August 29, reflecting increases of 0.58% and 0.55% respectively compared to the previous week. The forecast for 2025 suggests a price range of $65-70 per barrel [1][2]. Price Movements - Significant price increases were observed in liquid chlorine (25.86%), natural gas (6.98%), and sulfur (4.35%), while notable declines were seen in sulfuric acid (-10.84%) and industrial-grade lithium carbonate (-7.32%) [2][3]. - The chemical industry is experiencing mixed performance, with some sectors showing resilience while others struggle due to past capacity expansions and weak demand [3]. Investment Recommendations - The report suggests focusing on sectors with potential for growth, such as glyphosate, which is showing signs of recovery, and emphasizes the importance of domestic demand in light of export uncertainties [4]. - Specific companies recommended include Jiangshan Chemical, Xingfa Group, and Yangnong Chemical for their potential to enter a favorable economic cycle [4]. - The report also highlights the attractiveness of high-dividend stocks in the oil sector, particularly the "three barrels of oil" companies, and suggests that companies like Yuntianhua and Xingfa Group offer appealing dividend yields around 5% [4].