防水涂料界的龙头企业东方雨虹（002271），决定从7月起带头涨价。 东方雨虹早前对合作伙伴发布了调价函，宣布从7月开始，针对民用建材中的部分防水涂料、美缝剂和 部分瓷砖胶产品价格进行上调。 其中，防水涂料价格上调3%—13%、美缝剂上调4%—9%、C0级瓷砖胶价格上调1%—5%(部分区域)。 对于涨价的原因，东方雨虹在调价函中表示，此次是为了"维护品牌长期健康发展，稳定市场秩序，确 保市场良性竞争"。 今年3月，东方雨虹的工建集团从今年2月起，就已经宣布将价格上调1%—5%，此番涨价则蔓延至民建 产品。 不过有业内人士表示，东方雨虹主要的涨价对象还是在经销商方面："至于经销商会不会把提价传导给 终端消费者，还是要看市场需求，不排除经销商不敢轻易涨价，自行将涨价的部分吸收的可能。" 化工涂料原料价格持续上涨 事实上，从今年以来，化工涂料市场就因为原材料价格上涨、运输成本增加等因素，出现全面上涨。 早在今年1月，全球最大的化工企业巴斯夫就上调了MDI价格，当时的价格已经达到18700元—19000元/ 吨，较早前基础上上涨了700元/吨。LG化学也从3月1日开始，对中国地区POE价格上涨$100/MT(约等 于 ...

耐克(NKE.N)CFO：耐克将于2025年秋季开始逐步涨价。由于关税，额外总成本预计将增加约10亿美 元。 ...

农药板块从2024年到2025Q1初现周期反弹趋势。2024年农药行业整体依旧供大于需，大多数原药品种 价格持续低迷，库存去化基本完成但渠道商及终端用户采购习惯呈现尽量少库存、晚采购、随用随购、 碎片化采购的倾向。在量增价跌的背景下，2024农药板块营业收入同比-2.3%、归母净利润同比-73%。 2025Q1部分处于价格历史底部的农药由于厂商偶发事件、行业低库存导致短期供需失衡、价格出现快 速拉升。以百菌清、阿维菌素、甲维盐、烯草酮、毒死蜱等为代表，板块业绩反弹。2025Q1农药板块 营业收入同比+4.5%、归母净利润同比+57.2%。展望后市，关注部分产业公司诉求强、作物需求旺、供 给存在不可抗力等因素催化的品种后续涨价的持续性。 甜味剂板块2024年营收展现韧性、2025Q1业绩进入释放期。2024年甜味剂板块营业收入同比+2.1%、归 母净利润同比-32.5%。主要原因是核心产品价格出现一定下跌，如三氯蔗糖、安赛蜜价格同 比-10%、-23%。2025Q1营业收入同比+7.1%、归母净利润同比+81.1%。主要得益于从2024年下半年开 始的厂商提价和库存消化，在Q1反馈到位，同时抗性糊精等功能糖需求 ...

风口研报·公司】高弹性+高确定性的化工小巨人,公司既 有涨价逻辑给业绩托底，同时工程业务有望自二、 进入收入确认高峰,高端新材料项目还具备增长潜力;另有 公司已与全球零售大客户的深度合作 网口研报 2025.05.12 20:32 星期一 并且,公司承接的硫磺回收装置业务量全国领先,有望自今年二、三季度起逐步进入收入确认高峰,还有5万吨/年异辛酸、1.5 万吨/年纤维素及衍生物产能正在建设中,达产后有望贡献业绩增量。 跑荣富看好公司是高弹性建筑化工小巨人,预计2025-27年归母净利润3.844.9/6亿元,同比增长43.69%/30.23%/22.07%,对应P E为15.11/11.60/9.51倍。 《风口研报》 今日导读 | 财务数据和估值 | 2023 | 2024 | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业收入(百万元) | 2,657.45 | 2.554.29 | 3.676.37 | 4.213.36 | 4,816.81 | | 增长率(%) | 182 | (3.88) | 43.93 | 14 ...

Investment Rating - The report maintains a "Recommended" rating for the chemical industry, indicating a positive outlook for the sector's fundamentals and expectations for the industry index to outperform the benchmark index [8]. Core Insights - The recent price increases of H acid and reactive dyes are primarily driven by a fire incident at a leading H acid producer, which significantly impacts supply [2][3]. - The domestic H acid industry is experiencing capacity clearance, and the fire incident is expected to accelerate the price increase process [3]. - There is strong overseas demand for H acid, which is contributing to the tightening supply-demand situation domestically [4]. - The reactive dye industry has a high concentration, with strong price increase intentions among companies due to the lack of new capacity [5]. - The price increases for H acid and reactive dyes have just begun, indicating substantial room for further price growth [6]. Summary by Sections Price Trends - As of April 29, the price of reactive dyes reached 22,000 CNY/ton, up 2,000 CNY/ton (+10%) from the previous day, while H acid was priced at 40,500 CNY/ton, an increase of 500 CNY/ton, totaling a rise of 4,000 CNY/ton (+11%) since mid-April [1]. Supply Chain Dynamics - The fire incident at a major H acid producer, which had a capacity of 20,000 tons/year and accounted for 25% of last year's domestic production, is expected to have a significant impact on supply [2]. - The H acid market has seen a gradual price increase since August 2023, and the recent fire incident is likely to further accelerate this trend [3]. Market Demand - In 2024, China's H acid production is projected to be 76,700 tons, with exports expected to reach 20,500 tons, representing 26.7% of domestic production. The export volume for the first quarter of 2025 has already increased by 54% year-on-year [4]. Industry Structure - The reactive dye industry has a high concentration with the top five companies holding a 76% market share. The lack of new capacity in recent years has led to a bottoming out of prices, which are now expected to rise due to increased costs from H acid [5]. Future Outlook - Historical data shows that H acid prices previously surged to 160,000-170,000 CNY/ton in 2014 due to similar supply constraints, suggesting that current price increases may have significant upside potential [6]. - The report recommends focusing on RunTu Co., which has a capacity of 80,000 tons for reactive dyes and 20,000 tons for H acid, positioning it as a key beneficiary of the price increases in the H acid-reactive dye supply chain [6].