化工行业周报（-）：三氯甲烷、异丁烯等价格涨幅居前，美国对俄罗斯实施新一轮制裁

Investment Rating - The report maintains a "Buy" rating for key companies in the chemical industry, specifically recommending Minsheng Chemical's "Five Tigers": Shengquan Group, Guocera Materials, Guoguang Co., Amway Co., and Polymeric [1][5] Core Insights - The chemical market is experiencing active trading, presenting a favorable time for growth stock allocation. The report suggests focusing on sub-industries closely aligned with end-consumer consumption patterns, such as MDI and refrigerants, which are expected to benefit from various policy stimuli [1][2] - MDI is highlighted as one of the best-positioned chemical products, benefiting from both the Federal Reserve's interest rate cuts and domestic consumption stimulus policies in the real estate sector. Companies like Wanhua Chemical are recommended for investment [1] - The report notes that the demand for phosphate fertilizers remains stable, with phosphate rock prices expected to maintain high levels due to supply-demand balance and industry entry barriers [2] - The report emphasizes the potential for price increases in the chlorinated sugar industry, driven by rising demand and price adjustments from leading companies like Jinhui Industry [2] Summary by Sections Chemical Sector Overview - The basic chemical industry index closed at 3109.91 points, down 1.23% from January 3, underperforming the CSI 300 index by 0.10% [9] - Among 462 stocks in the chemical sector, 39% saw weekly gains while 60% experienced declines [16] Key Chemical Sub-Industries - Refrigerants: Prices for major refrigerants like R22 and R134a remained stable, with R22 priced at 33,000 CNY/ton and R134a at 42,500 CNY/ton [39][40] - Polyester Filament: The market for polyester filament saw price increases, with POY averaging 7,100 CNY/ton, up 107.14 CNY/ton from the previous week [26][27] - Tires: The tire industry reported an increase in operating rates, with full steel tire rates at 58.87% and semi-steel tire rates at 77.75% [32] Price Trends - The report tracked 380 chemical products, with 79 products seeing price increases and 83 experiencing declines. Notable price increases included trichloromethane (up 10%) and isobutylene (up 9%) [20][21] - The chlorinated sugar market is expected to see price improvements due to rising demand and price adjustments from leading manufacturers [2] Company Recommendations - Companies with strong external assets and synergies are recommended, including Hengshen New Materials and Zhonghua International, which have competitive advantages in their respective markets [3]