化工新材料行业可转债双周报：联瑞转债上市，兴发转债提前赎回-20260201

Investment Rating - The report does not explicitly state an investment rating for the chemical industry, but it highlights the performance of various indices and sectors within the industry, indicating a positive trend in certain segments [3][18]. Core Insights - The report indicates that during the period from January 19 to February 1, 2026, the CSI 300 index experienced a decline of 0.54%, while the CITIC Basic Chemical Index increased by 3.19%, outperforming the CSI 300 by 3.73 percentage points [3][18]. - The CITIC Petroleum and Petrochemical Index saw a significant increase of 15.22%, outperforming the CSI 300 by 15.76 percentage points, suggesting strong performance in the petroleum sector [3][18]. - Among the 39 sub-sectors in the CITIC Basic Chemical and Petroleum indices, 26 sectors saw gains, with notable increases in dyeing chemicals (25.13%), oil extraction III (17.37%), and other petrochemicals (15.09%) [4][20]. Summary by Sections 1. Price Tracking of Key Chemical Products - The report tracks significant price changes in key chemical products, with notable increases in prices for nitrochlorobenzene (27.91%), acetonitrile (13.58%), and TMP (12.15%) during the week of January 26 to February 1, 2026 [14]. - Conversely, prices for hydrogen peroxide (-7.66%), formaldehyde (-5.60%), and acetic anhydride (-3.88%) saw declines [14]. 2. Convertible Bond Market Review - As of February 1, 2026, among 60 publicly traded convertible bonds in the chemical sector, only 6 bonds increased in value, while 54 experienced declines. The top gainers included Baichuan Convertible Bond 2 (12.75%) and Jinjia Convertible Bond (4.72%) [5][22]. - The report also notes significant declines for bonds such as Huicheng Convertible Bond (-15.82%) and Julong Convertible Bond (-12.54%) [5][22]. 3. Recent Key Bond Tracking and Issuance Progress - The report mentions the listing of "Lianrui Convertible Bond" on January 28, 2026, and the early redemption of "Xingfa Convertible Bond" [6][29]. - It also highlights the issuance progress of several convertible bonds, including those from Runhe Materials and Hubei Yihua, which have received shareholder approval [29][31]. 4. Company Announcements and Industry News Tracking - Key announcements include Fulei New Materials adjusting its fundraising project to increase production lines for environmentally friendly high-precision display materials [33]. - The report discusses the closure of chemical plants in Europe, which poses a threat to the competitiveness of the European chemical industry, as well as the permanent closure of ExxonMobil's ethylene plant in the UK [34][35].