Investment Rating - The industry investment rating is maintained at "Overweight" [7][45]. Core Viewpoints - The report highlights that the OPEC+ has extended its voluntary production cuts until March 2025, which may impact the supply dynamics in the chemical industry [6]. - The basic chemical index outperformed the CSI 300 index by 1.39 percentage points over the past week, indicating a positive market trend for the sector [4][27]. Market Trends - The basic chemical index increased by 2.83% from December 2 to December 8, while the CSI 300 index rose by 1.44% [4][27]. - The top-performing sub-industries included viscose (10.08%), nitrogen fertilizer (8.47%), carbon black (5.81%), nylon (4.90%), and synthetic resin (4.77%) [4][27]. Chemical Price Trends - The top five products with the highest weekly price increases were hydrochloric acid (10.95%), R134a (9.09%), potassium chloride (7.14%), DMF (6.71%), and R32 (5.00%) [5][34]. - The products with the largest weekly price declines included SBS (-8.63%), niacinamide (-6.00%), octanol (-3.33%), diethanolamine (-3.24%), and concentrated nitric acid (-3.13%) [5][34]. Investment Recommendations - The report suggests focusing on the following sectors: 1. Refrigerants, with a recommendation to pay attention to Jinshi Resources, Juhua Co., Sanmei Co., and Yonghe Co. 2. Chemical fibers, with a focus on Huafeng Chemical, New Fengming, and Taihe New Materials. 3. Quality stocks such as Wanhua Chemical, Hualu Hengsheng, Luxi Chemical, and Baofeng Energy. 4. Tire sector, recommending SAILUN, Senqilin, and Linglong Tire. 5. Agricultural chemicals, with a focus on Yaji International, Salt Lake Co., Xingfa Group, Yuntianhua, and Yangnong Chemical. 6. Quality growth stocks like Blue Sky Technology, Shengquan Group, and Shandong Heda [7][45].
基础化工行业周报：OPEC+延长减产计划，制冷剂、氯化钾涨幅居前
Shanghai Securities·2024-12-13 02:32