Investment Rating - The report maintains a positive outlook on the basic chemical industry [1] Core Insights - Refrigerant prices are on the rise due to tight supply of raw materials like fluorite and scheduled maintenance by manufacturers, leading to a strong price trend in the fourth quarter [1][10] - Natural rubber prices are increasing, supported by higher operating rates in the tire industry, with a reported price of 17,400 CNY/ton, up 2.35% from the previous week [1][10] - Recommendations include focusing on companies such as Juhua Co., Sanmei Co., and Yonghe Co. for refrigerants, and Hainan Rubber for natural rubber [1] Summary by Sections Key Chemical Products Price Tracking - Among the 58 monitored products, solid caustic soda (up 9.40%), liquid caustic soda (up 3.18%), R125 (up 2.94%), and TDI (up 2.72%) saw the highest price increases [7] - Conversely, Vitamin A (-5.71%), PTA (-4.86%), butadiene (-4.36%), and PX (-4.18%) experienced the largest declines [7] Refrigerants - The price of R142b is stable at 16,500 CNY/ton, while R22 has increased by 500 CNY/ton to 31,000 CNY/ton [1] - R125 and R134a prices have also risen by 500 CNY/ton, reaching 35,500 CNY/ton and 34,000 CNY/ton respectively [1][10] Natural Rubber - The tire industry's operating rate has improved to 60.72%, an increase of 18.17 percentage points from the previous week, supporting the rise in natural rubber prices [1] Agricultural Chemicals - Glyphosate prices have decreased to 24,982 CNY/ton, down 0.4% from last week, with a weekly production of 10,530 tons [12][16] - Phosphate prices show mixed trends, with monoammonium phosphate slightly increasing and diammonium phosphate remaining stable [16] Urea and Potash - Urea prices have dropped to 1,874 CNY/ton, down 18 CNY/ton from last week, while potash prices have risen to 2,442 CNY/ton, up 39 CNY/ton [17]
化工周报（10/14-10/20）：制冷剂、天然橡胶价格上涨
Tai Ping Yang·2024-10-22 10:03