基础化工行业研究周报：工信部，提升石化化工行业转型升级六大能力，顺酐、丙烯酸价格上涨

Investment Rating - The industry investment rating is Neutral, maintained from the previous rating [1]. Core Insights - The Ministry of Industry and Information Technology (MIIT) aims to accelerate the transformation and upgrading of the petrochemical industry by enhancing six key capabilities: technological innovation, efficient product supply, advanced manufacturing, collaborative development, integration of large and small enterprises, and international cooperation [1][10][14]. Summary by Sections 1. Key News Tracking - The MIIT announced plans to enhance the petrochemical industry's capabilities during a press conference on December 17, 2024 [1][14]. - The price of WTI crude oil decreased by 2.6% to $69.46 per barrel [1]. - Key chemical products such as maleic anhydride, acrylic acid, and others saw price increases of 2.7%, 1.6%, and 1.2% respectively, while urea and rubber prices fell by 4% and 1.8% respectively [1]. 2. Chemical Product Price Monitoring - Among the 345 tracked chemical products, 66 saw price increases, 84 saw decreases, and 195 remained stable [32]. - The top five chemical products with price increases included maleic anhydride (+15%), ethane (+7.8%), and others [1]. 3. Sector Performance - The basic chemical sector fell by 2.04% last week, underperforming the CSI 300 index, which decreased by 0.14% [17]. - The basic chemical sector's PB ratio is 2.03, while the overall A-share market's PB is 1.49 [29]. 4. Investment Recommendations - Focus on high-quality development and hard assets, recommending companies like Wanhua Chemical and Yangnong Chemical, while suggesting to pay attention to Yuntianhua and Longbai Group [1]. - Structural opportunities are identified in the agricultural chemicals and tire sectors, with recommendations for Yangnong Chemical and others [1]. 5. Market Trends - The domestic chemical construction growth peaked in Q1 2023 and has since declined, indicating pressure on profitability due to new capacity releases [1]. - The report highlights the need to observe the balance between demand recovery and supply capacity release [1].