基础化工行业周报：基本面向好，钾肥、钛白粉价格上行-2025-03-12

Investment Rating - The report maintains an "Overweight" rating for the basic chemical industry [8] Core Viewpoints - The basic chemical sector has shown a positive fundamental outlook, with prices for potassium fertilizer and titanium dioxide on the rise [4][5] - The recent performance of the basic chemical index has lagged behind the CSI 300 index, with a decline of 0.33 percentage points [2][11] - Key products such as liquid chlorine and sulfur have experienced significant price increases, indicating a favorable market trend [19][20] Market Trends - The basic chemical index increased by 1.06% over the past week, while the CSI 300 index rose by 1.39%, placing the basic chemical sector 9th among all sectors [2][11] - Notable sub-industry performances include: - Civil explosives (4.71%) - Other rubber products (4.27%) - Inorganic salts (4.14%) - Titanium dioxide (3.55%) [2][12] Chemical Product Price Trends - The top five products with the highest weekly price increases are: - Liquid chlorine (13.82%) - Sulfuric acid (9.87%) - Sulfur (4.04%) - Chlorine-based compound fertilizers (3.33%) - Titanium dioxide (3.13%) [19][20] - The top five products with the largest weekly price declines are: - Raw salt (-9.68%) - Caustic soda (-7.14%) - Industrial naphthalene (-6.82%) - Acrylonitrile (-6.32%) - Acrylamide (-6.09%) [19][20] Investment Recommendations - The report suggests focusing on the following sectors: 1. Refrigerants: Companies like Jinshi Resources, Juhua Co., Sanmei Co., and Yonghe Co. are recommended 2. Chemical fibers: Companies such as Huafeng Chemical, Xin Fengming, and Taihe New Materials are highlighted 3. Quality stocks: Wanhu Chemical, Hualu Hengsheng, Luxi Chemical, and Baofeng Energy are recommended 4. Tire sector: Companies like Sailun Tire, Senqilin, and Linglong Tire are suggested 5. Agricultural chemicals: Companies such as Yaji International, Salt Lake Co., Xingfa Group, Yuntianhua, and Yangnong Chemical are recommended 6. Growth stocks: Blue Sky Technology, Shengquan Group, and Shandong Heda are highlighted [6][30]