化工行业周报：商务部发布2025年化肥进口关税配额总量，制冷剂、VA等价格上行

Investment Rating - The report does not explicitly state an investment rating for the chemical industry Core Insights - The Ministry of Commerce has announced the total import tariff quota for fertilizers for 2025, amounting to 13.65 million tons, with specific allocations for urea, diammonium phosphate, and compound fertilizers [1][4] - The basic chemical sector has shown a positive market performance, with the Shanghai Composite Index rising by 5.51% and the Shenzhen Component Index increasing by 6.75% during the week of November 1 to November 8, 2024 [4][5] - Key stocks highlighted include Sailun Tire, Quercus Co., and General Co. [1] Market Performance Review - The WTI crude oil price reached $71.69 per barrel, up 4.49% week-on-week, while Brent crude oil was priced at $75.65 per barrel, up 3.14% [8] - The basic chemical sector index increased by 5.56%, with notable sub-sector performances including rubber (up 9.71%) and non-metallic materials II (up 6.60%) [4][6] - The report indicates a mixed performance in the chemical product prices, with significant increases in Vitamin A (up 17.04%) and sucralose (up 14.29%) [11][12] Industry Data - The average price of LNG was reported at 4540 yuan per ton, down 3.65% week-on-week, while the average price of thermal coal remained stable at 715 yuan per ton [8][19] - Fertilizer prices showed slight fluctuations, with urea averaging 1854 yuan per ton, reflecting a minor increase of 0.11% [19][20] - The report notes that the price of potassium chloride has decreased to 2406 yuan per ton, down 1.47% [19][20] Key Industry Tracking - In the tire industry, natural rubber prices increased by 4.38% to 17692 yuan per ton, while synthetic rubber prices showed a slight decline [13] - The pesticide industry index rose by 8.72% to 1538.85 points [23] - The methanol market price remained stable at 2069 yuan per ton, with a slight increase of 0.39% [25]