Investment Rating - The report maintains a "Leading the Market-B" rating for the new materials sector [2]. Core Insights - BASF has postponed the resumption of production for vitamins A and E, which is expected to support prices due to a tightening supply situation. Domestic demand for vitamin E is anticipated to improve, with exports increasing by 31.35% year-on-year from January to August 2024 [2]. - The synthetic biology industry is projected to reach nearly 2 trillion yuan by 2033, with a CAGR of 16.6% from 2023 to 2033. The report suggests focusing on platform-type leading companies in the synthetic biology sector [4]. Summary by Sections 1. Secondary Market Performance - The new materials sector index increased by 5.39%, outperforming the ChiNext index by 0.91%. The synthetic biology index decreased by 0.88%, while electronic chemicals rose by 3.65% [2][11]. 2. Industry Chain Data Tracking 2.1 Amino Acids - Prices for valine (12,600 yuan/ton), arginine (30,000 yuan/ton), and methionine (20,150 yuan/ton) remained stable, while tryptophan decreased by 1.80% to 54,500 yuan/ton [1]. 2.2 Degradable Plastics - Prices for PLA (18800 yuan/ton) and PBS (20,500 yuan/ton) showed a decrease of 2.38% [1]. 2.5 Vitamins - Vitamin A price decreased by 27.91% to 155,000 yuan/ton, while vitamin E decreased by 5.66% to 125,000 yuan/ton [1]. 2.3 Industrial Gases - Prices for UPSSS grade hydrofluoric acid remained stable at 11,000 yuan/ton [1]. 3. Industry News - The State Administration for Market Regulation is conducting research to support the development of the synthetic biology industry, indicating future targeted measures to promote healthy growth [3][4].
新材料行业周报：新材料周报（241014-1018）巴斯夫推迟VE、VA复产时间，市场监管总局支持合成生物产业发展
Shanxi Securities·2024-10-22 03:00