基础化工行业周报：盐酸、DMF等涨幅居前，建议继续关注钛白粉板块和轮胎板块

Investment Rating - The report maintains a "Buy" rating for several companies including China Petroleum, China Oil, and others in the chemical sector [4][46]. Core Viewpoints - The report suggests focusing on undervalued high-dividend stocks such as China Petroleum and China Oil due to recent declines in oil prices driven by geopolitical tensions and demand concerns [44][46]. - It highlights that while many chemical sub-sectors have underperformed due to capacity expansions and weak demand, certain sectors like tires, upstream mining, and titanium dioxide are expected to outperform [46]. - The report identifies investment opportunities in leading companies within specific sub-sectors that are showing signs of recovery, particularly those with strong cost advantages and stable competitive landscapes [46]. Summary by Sections Chemical Industry Investment Suggestions - The report emphasizes the importance of monitoring the chemical industry, particularly in light of fluctuating oil prices and changing demand dynamics [44][46]. - It notes that the market is entering a peak demand season, which may present investment opportunities in leading companies across various chemical sub-sectors [46]. Price Movements - Significant price increases were observed in hydrochloric acid (up 10.95%), coal tar (up 10.56%), and R134a (up 9.09%), while raw salt saw a decline of 8.11% [43][46]. - The report indicates that the overall chemical product prices are rebounding as downstream demand improves, despite some products still experiencing price drops [46]. Company Coverage and Earnings Forecast - The report provides a detailed earnings forecast for several companies, with a consistent "Buy" rating across the board, indicating strong future performance expectations [4][46]. - Specific companies highlighted include: - Senqcia (EPS forecast: 2.21 for 2024) [4] - China Petroleum (EPS forecast: 0.58 for 2024) [4] - Juhua (EPS forecast: 1.00 for 2024) [4] - Yangnong Chemical (EPS forecast: 4.12 for 2024) [4] - Sailun Tire (EPS forecast: 1.23 for 2024) [4] - Tongkun (EPS forecast: 1.25 for 2024) [4] - Guoxin (EPS forecast: 1.67 for 2024) [4]