化工行业周报：多项宏观事件即将落地，继续重点关注化工核心资产及新材料成长

Investment Ratings - Key companies rated as "Buy": Wanhua Chemical, Hualu Hengsheng, Yangnong Chemical, Baofeng Energy, and others [1] - Key companies rated as "Hold": China National Petroleum, China Petroleum & Chemical, and others [1] Core Insights - The chemical industry is expected to benefit from upcoming macroeconomic changes, with potential increases in demand due to new fiscal policies and international events such as the U.S. elections [1] - The report highlights the potential for supply-side constraints in the chemical industry, similar to those seen in the photovoltaic sector, which may lead to price stabilization [2][3] - The report emphasizes the importance of monitoring macroeconomic data and its impact on oil prices, with recent U.S. employment data indicating a mixed outlook for the economy [1][11] Summary by Sections Key Companies - Wanhua Chemical, Hualu Hengsheng, and Yangnong Chemical are highlighted as key investment opportunities due to their strong market positions and growth potential [5][6] - New material companies such as Xinzhou Bang and Ruifeng New Materials are recommended for their significant growth potential in the context of domestic substitution trends [6] Market Trends - The report notes that chemical product prices are at a low point, providing a strong safety margin for leading companies [4][5] - The report suggests that the real estate market's recovery could positively impact chemical product demand, particularly for MDI and titanium dioxide [7] Price and Supply Dynamics - The report indicates that the domestic MDI market has seen slight declines due to low operational rates at several plants, while BDO prices are on the rise due to supply constraints [9][10] - Oil prices have shown volatility, with geopolitical tensions influencing market expectations and pricing trends [11][12]