Investment Rating - The industry investment rating is maintained at "Overweight" [4][30]. Core Viewpoints - The basic chemical index outperformed the CSI 300 index by 0.67 percentage points, with a weekly increase of 1.65% compared to 0.98% for the CSI 300 [4][14]. - Key sectors within the basic chemical industry showing significant gains include coatings and inks (9.32%), other rubber products (8.33%), and membrane materials (7.06%) [4][14]. - The report highlights the price increases in key chemical products, with caustic soda rising by 9.09% and natural rubber by 7.74% [5][18]. Market Trends - The basic chemical index has shown a weekly increase of 1.65%, ranking 16th among all sectors [4][14]. - The top-performing stocks in the basic chemical sector include Tianma New Materials (180.45%), Jiaxian Co., Ltd. (97.08%), and Kexin Innovation Source (43.80%) [14][15]. Chemical Price Trends - The top five products with the highest weekly price increases are caustic soda (9.09%), natural rubber (7.74%), PVA (7.08%), epoxy chloropropane (4.62%), and BDO (4.17%) [5][18]. - Conversely, the products with the largest weekly price declines include domestic vitamin A (-27.91%) and WTI crude oil (-8.39%) [5][20]. Key Industry Developments - BASF has delayed the resumption of vitamin production at its Ludwigshafen plant until April 2025, affecting global supply significantly [6]. - Brazil has announced preliminary anti-dumping duties on Chinese titanium dioxide, which could impact exports [6]. Investment Recommendations - The report suggests focusing on several key sectors: refrigerants, chemical fibers, tire manufacturing, and agricultural chemicals, with specific companies highlighted for potential investment [7][30]. - Recommended companies include Jinshi Resources, Juhua Co., Ltd., Wanhu Chemical, and Sailun Tire [7][30].
基础化工行业周报：巴斯夫维生素复产推迟，天然橡胶、BDO价格上涨（更正）
Shanghai Securities·2024-10-28 09:01