中金：电解液溶剂价格上涨 碳酸二甲酯效益改善

Core Viewpoint - The chemical sector has shown an 8.24% increase this week, underperforming the broader market by 4.47 percentage points, with a positive long-term investment outlook suggested for various sub-industries [1] Group 1: Chemical Sector Performance - Chemical product prices have risen significantly, with the sector's performance being highlighted as a potential investment opportunity [1] - Sub-industries such as PTA/polyester filament, organic silicon, spandex, potassium fertilizer, pesticides, and bottle-grade resin are expected to see profit improvements [1] - Companies in lithium battery materials, including lithium hexafluorophosphate, solvents, and phosphorus chemicals, are noted for their earnings elasticity and low valuations with expected profit growth next year [1] Group 2: Specific Chemical Products - Electrolyte solvent prices have increased, with EC solvent, DMC solvent, lithium battery electrolyte, and DEC solvent rising by 47.8%, 10.0%, 8.0%, and 5.1% respectively [1] - The price of industrial-grade dimethyl carbonate (DMC) has risen to 4,072 RMB/ton, reflecting an 11.1% week-on-week increase, improving the profitability of DMC production facilities [1] - Sulfur prices continue to rise due to limited new production capacity globally and increased demand from the renewable energy sector, with domestic sulfur prices increasing by 7% to 3,800 RMB/ton [2] - The caprolactam industry has initiated supply reductions in response to losses, leading to a 3.9% price increase to 8,650 RMB/ton [3]