Tai Ping Yang·2025-07-27 13:25Investment Rating - The report maintains a positive outlook on the basic chemical industry [1] Core Insights - Recent price performance of polysilicon, organic silicon, and refrigerants has been strong, indicating a potential investment opportunity [1][5] - The low-altitude economy and robotics industry are entering a commercialization phase, leading to increased demand for new materials and lightweight materials [5][25] - The semiconductor materials market is expected to grow significantly, with a projected revenue of $67.5 billion by 2024, driven by advancements in technology and domestic production [17][20] Summary by Sections 1. Key Sub-industry and Product Tracking - Polysilicon price reached 53,085 CNY/ton, up 21.8% week-on-week; organic silicon average price at 13,500 CNY/ton, up 9.76% [3][9] - Phosphate lithium price increased to 34,900 CNY/ton, up 5.12%; bromine price at 26,800 CNY/ton, up 3.08% [3][9] - Refrigerant R32 average price at 55,000 CNY/ton, up 1.85% [3][9] 2. Electronic Chemicals - The electronic chemicals sector is characterized by a wide variety of specialized products, high technical barriers, and rapid product updates [12][14] - The domestic semiconductor materials market is expected to grow faster than the global market, with a CAGR of 10% from 2017 to 2023 [17][20] 3. New Quality Productivity - Carbon fiber and ultra-high molecular weight polyethylene (UHMWPE) are gaining attention due to their applications in low-altitude economy and robotics [25][29] - PEEK materials are increasingly used in humanoid robots, with demand growing significantly [30] 4. Lithium Battery/Storage Materials - Conductive agents like multi-walled carbon nanotubes are essential for lithium battery materials, with current prices around 64,000 CNY/ton [33][37] - Sodium battery materials are also gaining traction, with prices for Prussian blue compounds at 36,000 CNY/ton [37] 5. Renewable and Modified Plastics - The market for renewable plastics is expanding, with a notable increase in the recycling rate of plastics from 4.8% in 2018 to 10% in 2021 [49] - Special engineering plastics are increasingly in demand across various industries, including automotive and aerospace [49] 6. Market Performance - The basic chemical index rose by 3.65% in the week of July 21-27, outperforming the overall market [60][61] - The chemical industry has shown strong performance recently, with a monthly increase of 6.62% [61]