前9月化学原料和化学制品制造业投资同比下降5.6%，维生素E、硫磺价格上涨

Investment Rating - Industry Rating: Neutral (maintained rating) [7] Core Views - The chemical raw materials and products manufacturing industry saw a year-on-year investment decline of 5.6% in the first nine months of the year, while industrial investment grew by 6.4% [2][14] - Key price movements include a 6.9% increase in WTI oil prices, with significant price rises in Vitamin E (+11.8%) and sulfur (+11.7%) [3][4] - The basic chemical sector increased by 2.74% over the past week, underperforming the CSI 300 index by 0.5 percentage points [5][17] Summary by Sections 1. Key News Tracking - National Bureau of Statistics reported a total fixed asset investment of 371535 billion yuan, a year-on-year decrease of 0.5% [2][14] - The chemical raw materials and products manufacturing sector's investment fell by 5.6% [2][14] 2. Key Chemical Product Price Monitoring - Among 345 tracked chemical products, 60 saw price increases, while 93 experienced declines [27] - The top five chemical products with price increases include liquid nitrogen (+16.1%), liquid oxygen (+14.3%), and natural gas (+12.8%) [30] 3. Key Individual Stock Tracking - The top-performing stocks in the basic chemical sector include Shilong Industrial (+49.32%) and Nongxin Technology (+27.25%) [22] - The worst-performing stocks include Shanshui Technology (-17.22%) and Chengxing Shares (-14.81%) [24] 4. Sector Valuation - As of October 24, the basic chemical sector's PB ratio is 2.4 times, while the overall A-share market's PB is 1.72 times [25] - The PE ratio for the basic chemical sector stands at 27.86 times compared to the overall A-share market's 17.75 times [25] 5. Focused Sub-industry Insights - Demand stability and global supply dominance are highlighted in sub-industries such as sucralose and pesticides [6] - Recommendations include companies like Jinhai Real Estate and Yunnong Chemical for agricultural chemicals [6]