基础化工行业周报：万华万吨级生物基1，3-丁二醇装置投产，工信部印发民爆行业转型升级实施意见

Investment Rating - The report maintains a strong rating for the chemical industry, indicating a positive outlook for the sector [5]. Core Insights - The chemical sector has shown resilience with significant price increases in various sub-industries, particularly titanium dioxide and coatings, while some sectors like tires have faced declines [3][13]. - The launch of the world's first large-scale bio-based 1,3-butanediol facility by Wanhua Chemical is a notable development, emphasizing sustainability and reduced carbon emissions [3]. - The Ministry of Industry and Information Technology has issued guidelines for the transformation and upgrading of the civil explosives industry, aiming for higher safety and quality standards by 2027 [3]. Summary by Sections Market Performance - The Shanghai Composite Index rose by 1.56%, with the chemical sector indices also showing positive growth, particularly the Shenwan Chemical Index which increased by 2.27% [11]. - The top-performing sub-industries included titanium dioxide (6.05%) and coatings (4.17%), while the tire industry saw a decline of 1.8% [13]. Key Industry Developments - Wanhua Chemical's new facility for bio-based 1,3-butanediol is expected to significantly reduce CO2 emissions by up to 70% per ton produced, aligning with carbon neutrality goals [3]. - The Ministry of Industry and Information Technology's new guidelines aim to enhance the competitiveness and safety of the civil explosives industry, targeting the establishment of 3 to 5 large enterprises with international competitiveness by 2027 [3]. Investment Themes - The tire sector is highlighted as having strong domestic competitiveness, with recommended companies including Sailun Tire and Linglong Tire [4]. - The consumer electronics sector is anticipated to recover, with a focus on upstream material companies benefiting from the panel supply chain [4]. - The phosphorous and fluorine chemical sectors are noted for their resilience, with supply constraints and increasing demand supporting their market positions [4]. - The report suggests that leading chemical companies with scale advantages will benefit from economic recovery and demand resurgence, recommending companies like Wanhua Chemical and Hualu Hengsheng [4].