基础化工行业周报：中化学年产30万吨煤制乙二醇项目投产，尼龙巨头奥升德在华生产基地开业

Investment Rating - The report maintains an "Outperform" rating for the basic chemical industry [4]. Core Views - The basic chemical sector is experiencing a recovery in both prices and demand due to improving economic conditions domestically and internationally, benefiting leading companies with significant scale and cost advantages [5]. - The report highlights several investment themes, including the competitiveness of domestic tire manufacturers, the potential recovery in consumer electronics, and the resilience of certain cyclical industries [3][5]. Summary by Sections 1. Market Performance Review - The Shanghai Composite Index rose by 1.17%, the ChiNext Index increased by 2%, and the CSI 300 Index gained 0.79%. The CITIC Basic Chemical Index surged by 5.16%, while the Shenwan Chemical Index increased by 4.75% [13][14]. - The top five performing sub-industries in the chemical sector this week were organic silicon (14.96%), viscose (11%), rubber products (9.76%), phosphate fertilizers and phosphate chemicals (8.32%), and membrane materials (8.2%) [14]. 2. Key Industry Developments - China National Chemical Corporation's 300,000 tons/year coal-to-ethylene glycol project commenced production, with an estimated annual output value exceeding 1.5 billion yuan and providing over 2,000 jobs [2]. - Nylon giant Ascend Performance Materials opened its first production base in China, with an investment of approximately 4.2 billion yuan, expected to increase its global capacity by 50% [2]. 3. Investment Themes - Tire Sector: Domestic tire companies are becoming increasingly competitive, with a focus on scarce growth targets. Recommended stocks include Sailun Tire, Shengtai Group, General Tire, and Linglong Tire [2]. - Consumer Electronics: A gradual recovery in demand is anticipated, benefiting upstream material companies. Key players include Dongcai Technology, Stik, Lite-On Optoelectronics, and Ruile New Materials [3]. - Cyclical Industries: Focus on industries with strong resilience and inventory destocking leading to potential reversals. Notable sectors include phosphate chemicals and fluorochemicals, with recommended stocks such as Yuntianhua, Chuanheng Co., and Juhua Co. [3]. - Vitamin Supply Disruptions: With BASF announcing supply disruptions for vitamins A and E, companies like Zhejiang Medicine and New Hope Liuhe are highlighted as potential beneficiaries [5].