Xinda Securities·2025-07-01 11:15Investment Rating - The report does not explicitly state an investment rating for the chemical industry Core Insights - In June 2025, the basic chemical index increased by 6.42%, ranking 10th among primary industries, driven by rising oil prices affecting certain chemical product prices [2][11] - Among the 600 chemical products monitored, the top ten products with the highest price increases included butanone (16.36%) and ammonium sulfate (14.39%) [3][24] - The report highlights that 407 companies in the basic chemical sector achieved positive returns, while 130 companies reported negative returns in June 2025 [20] Market Overview - Major market indices in June 2025 showed the following changes: Shanghai Composite Index increased by 2.90%, Shenzhen Component Index by 4.23%, and the ChiNext Index by 8.02% [11] - The basic chemical sector's performance was notably strong, with sub-industry growth rates such as plastics and products at 7.79% and other chemical products II at 7.36% [16] Product Price Movements - The report identifies significant price movements in various chemical products, with the top gainers being butanone and ammonium sulfate, while the largest declines were seen in vitamin E (-27.66%) and vitamin D3 (-26.32%) [24][28] - The report provides detailed price data for key products, indicating a general upward trend in prices for many chemicals due to rising raw material costs [26][27] Industry Profitability - From January to May 2025, the total profit of the chemical raw materials and products manufacturing industry decreased by 4.7%, with a total profit of 151.58 billion yuan [4][32] - The report notes a decline in factory prices by 4.1% year-on-year, reflecting broader economic challenges faced by the industry [4][32] Company Performance - The report lists the top ten basic chemical companies by monthly performance, with notable increases in stock prices for companies like Keheng Co. (122.00%) and Xingye Co. (97.50%) [21][22] - Conversely, companies such as Shanghai Jahwa and Yongguan New Materials experienced significant declines, with monthly drops of -11.32% and -11.68% respectively [23]