化工行业周报20241215：国际油价上涨，丁二烯价格上涨、DMF价格下跌

Investment Rating - The report rates the chemical industry as "Outperform the Market" [1] Core Views - The report highlights the increase in international oil prices, with WTI crude oil futures reaching $71.29 per barrel, a weekly increase of 6.09% [1] - It suggests focusing on leading companies in high-demand sectors such as refrigerants and vitamins, as well as undervalued industry leaders and companies in the light hydrocracking sub-sector [1][17] - The report emphasizes the importance of high-quality development and shareholder returns, recommending attention to large energy state-owned enterprises and related oil service companies [1][17] Summary by Sections Industry Dynamics - During the week of December 9-15, 31 out of 101 tracked chemical products saw price increases, while 37 experienced declines, and 33 remained stable [1][42] - The average price of WTI crude oil rose by 6.09% to$ 71.29 per barrel, while Brent crude increased by 4.74% to $74.49 per barrel [1][43] - The report notes that the macroeconomic outlook is improving, which may positively impact demand [1][43] Price Changes - The report indicates that the average price of DMF decreased by 2.91% to 4,175 yuan per ton, while the price of butadiene increased by 6.87% to 10,500 yuan per ton [1][42] - The average price of NYMEX natural gas rose by 5.22% to$ 3.27 per mmbtu [1][43] Investment Recommendations - The report recommends focusing on companies in sectors with high growth potential, such as fluorochemicals, animal nutrition, and polyester filament [1][17] - It suggests that the oil and gas extraction sector will continue to perform well under high oil prices, and highlights the potential recovery in the semiconductor industry [1][17] Company Highlights - The report identifies specific companies to watch, including China Petroleum, China National Offshore Oil Corporation, and Wanhu Chemical [1][17]