SAILUN GROUP(SH:601058) Xinda Securities·2025-06-04 02:23Investment Rating - The report does not explicitly state an investment rating for the chemical industry Core Insights - In May 2025, the basic chemical index increased by 2.12%, ranking 19th among primary industries, with 22 out of 32 sub-industries showing growth [11][22] - The top-performing products in May included hydrochloric acid (43.38%), nitrogen (19.95%), and TDI (17.10%), while the worst performers included TMA (-36.36%) and dichloropropane (-22.38%) [26][34] - The report highlights the successful launch of the first high-performance tires from Sailun's factories in Indonesia and Mexico, marking significant steps in the company's global expansion strategy [4] Market Overview - Major indices in May 2025 showed positive growth: Shanghai Composite Index increased by 2.09%, Shenzhen Component Index by 1.42%, and the ChiNext Index by 2.32% [11] - The basic chemical sector's performance was driven by sub-industries such as chemical fibers (7.98%) and agricultural chemicals (3.89%), while chemical raw materials saw a slight decline of -0.11% [16][21] Product Price Movements - The report identifies significant price increases for hydrochloric acid, nitrogen, and TDI, with hydrochloric acid prices rising due to reduced supply in Hunan and Fujian provinces [28][29] - Conversely, products like TMA and dichloropropane experienced substantial price declines, attributed to weak demand and oversupply conditions [34][35] Company Performance - Among basic chemical companies, 379 reported positive returns while 159 faced losses in May 2025 [22] - The top gainers included Suzhou Longjie (84.09%) and Guangkang Biochemical (68.13%), while the largest losers included Boyuan Co. (-22.97%) and Kobal (-29.07%) [23][25]