基础化工行业周报：行业周报（20250214-0223）动力电池退役高峰时间段，政策加速行业规范化

Investment Rating - The report maintains an investment rating of "Synchronize with the market - A" for the basic chemical industry [1] Core Viewpoints - The basic chemical industry has shown a strong performance over the past year, with specific stocks recommended for investment, including Juhua Co., Ltd., Sanmei Co., Ltd., Sinochem Fertilizer, CGN Mining, China Petroleum, Haohua Technology, and Luxi Chemical, all rated as "Buy" [2][7] - The report highlights the impact of the spring farming season on fertilizer prices, particularly focusing on the urea and potash markets [3] - The report discusses the upcoming peak period for retired power batteries, emphasizing the need for regulatory frameworks to enhance industry standardization and the potential for significant growth in the recycling market [3][15] Summary by Sections Chemical Market - The report notes that the State Council has approved an action plan to improve the recycling and utilization of power batteries, aiming for a comprehensive management approach and digital tracking throughout the battery lifecycle [13] - The global market for metal extractants is projected to grow from $600 million in 2022 to $860 million by 2029, with a CAGR of 5.3% [14] Petrochemical Sector - The report indicates that there are uncertainties in supply, with oil prices experiencing slight declines due to geopolitical factors and potential peace talks between Russia and Ukraine [26] - The report mentions that the domestic LNG price has risen to 4,405 RMB per ton, reflecting a 4% increase from the previous week [26] Tire Sector - The tire sector is experiencing a rise in operating rates, with half-steel tire operating rates at 80.35%, up 17.3 percentage points year-on-year, and full-steel tire operating rates at 66.69%, up 4.2 percentage points week-on-week [32] - The report states that the production of rubber tires in China reached 1.19 billion units in 2024, a year-on-year increase of 9.2% [32] Investment Recommendations - The report suggests focusing on the fluorochemical industry, which is expected to see improved conditions due to supply constraints, recommending companies such as Juhua Co., Ltd., Sanmei Co., Ltd., Sinochem Fertilizer, CGN Mining, China Petroleum, Haohua Technology, and Luxi Chemical [37]