中信证券：储能带动上游材料景气度回升 “反内卷”发力化工品价格回暖

Core Viewpoint - The chemical sector is currently trading around three main lines, focusing on the impact of energy storage demand, industry self-discipline, and high growth potential in the chemical products industry [1] Group 1: Energy Storage Demand - Energy storage demand is driving an increase in the industry chain's prosperity, with a reshaping of the supply-demand pattern for upstream lithium battery materials [1] - Key recommendations include materials related to new energy, lithium hexafluorophosphate, and the lithium iron phosphate industry chain [1] Group 2: Industry Self-Discipline - The chemical sector is experiencing a "de-involution" trend, with multiple industries initiating self-regulation [1] - This self-discipline is expected to lead to a potential recovery in chemical product prices from their bottom levels [1] Group 3: High Growth Potential - The chemical products industry itself is maintaining high prosperity, with core business expected to sustain high growth [1]