002455 四连板

Market Overview - The A-share market continued to experience sideways fluctuations, with the oil, petrochemical, and non-ferrous metal sectors recovering, leading to a relatively strong performance of the Shanghai Composite Index, which closed at 4137.55 points, up 0.22% [2] - The Shenzhen Component Index fell by 0.07%, while the ChiNext Index and the Sci-Tech Innovation Index dropped by 0.91% and 0.48%, respectively [2] Chemical Sector Performance - The chemical sector showed significant activity, with Baichuan Co., Ltd. (002455) hitting the daily limit for the fourth consecutive trading day, achieving a year-to-date increase of 107% [4] - Other chemical stocks such as Sanfangxiang, Vinegar Chemical, New Jinlu, and Jinniu Chemical also reached their daily limits, contributing to a more than 2% rise in the Shenwan Basic Chemical Index [6] Baichuan Co., Ltd. Insights - Baichuan Co., Ltd. responded to institutional research regarding the price trend of TMP (Trimethylolpropane) products, which have increased from over 8000 yuan/ton at the end of 2025 to 15000 yuan/ton currently [5] - The company has a domestic total production capacity of approximately 200,000 tons for TMP, with strong overall demand [5] - The recent price increase is attributed to many manufacturers facing pressure and adjusting production lines or exiting the market, leading to a tight supply of TMP [5] Industry Outlook - According to Zhongyin Securities, the chemical industry is expected to accelerate the elimination of backward production capacity under stricter energy consumption, carbon emission, and safety process standards, transitioning from scale expansion to high-quality growth during the 14th Five-Year Plan period [8] - The demand for chemical products is anticipated to maintain good growth, supported by the steady implementation of domestic demand expansion policies and the rapid development of downstream industries such as new energy, AI, semiconductors, and humanoid robots [8] Commercial Aerospace Sector Activity - The commercial aerospace sector saw localized movements, with companies like Zhaobiao Co., Ltd., Zhongcai Technology, and Jiuding New Materials hitting their daily limits, while others like Hailanxin and Zhaobiao Co., Ltd. rose over 10% [10][11] - A significant milestone was achieved with the successful implementation of the Long March 10 rocket system low-altitude demonstration verification and the escape flight test of the Dream Boat manned spacecraft, marking an important breakthrough in China's manned lunar exploration program [12]