消息面上，碳酸锂价格持续上涨逼近12万元/吨，产业链补库预期强烈。六氟磷酸锂(6F)因供需紧张价格 飙升，龙头天赐材料Q4业绩预告超预期，Q4归母净利润中值9.3亿，环比大增，并计划于3月停产检修 折固5万吨产能，可能加剧供应紧张，强化涨价预期。本次公司停产约5万吨六氟产能（折算固体），占 公司六氟总产能近一半，预计单月影响4000吨六氟供给，对应全行业约15%供给，影响较大。 中邮证券指出，本周碳酸锂价格大涨，一方面国内新能源车补贴相关举措释放温和利好信号，另一方面 宁德旗下枧下窝矿预计年后复产，部分磷酸铁锂厂计划检修，年前供给相对紧缺。需求端，行业对六氟 磷酸锂需求预期较好。综合来看，在供给稳步提升、需求整体相对持稳的背景下，预计碳酸锂仍将保持 去库。 截至2026年1月6日 09:46，中证细分化工产业主题指数(000813)强势上涨1.18%，成分股君正集团 (601216)上涨5.15%，盐湖股份(000792)上涨4.07%，万华化学(600309)上涨3.88%，桐昆股份(601233)， 华鲁恒升(600426)等个股跟涨。化工ETF(159870)上涨1.32%，最新价报0.84元。 化工E ...

Group 1 - The core viewpoint of the news is that the chemical industry is experiencing a price surge, particularly in phosphate rock, which is benefiting related stocks and ETFs [1][2] - The China Securities Subdivision Chemical Industry Theme Index (000813) has seen a strong increase of 1.03%, with notable gains in constituent stocks such as Yangnong Chemical (600486) up 5.34% and Luxi Chemical (000830) up 3.13% [1] - Phosphate rock prices remain high, with the average market price for 30% grade phosphate rock at 1016 RMB/ton, 28% grade at 945 RMB/ton, and 25% grade at 758 RMB/ton as of December 2 [1] Group 2 - Huatai Securities reports an expected increase in lithium battery production in December, with a month-on-month growth of 2.3% to 143.3 GWh, indicating a positive trend in the lithium battery sector [2] - The demand for lithium battery materials is strong, with supply constraints leading to price increases in various components such as batteries, lithium hexafluorophosphate, and phosphoric iron lithium [2] - The top ten weighted stocks in the China Securities Subdivision Chemical Industry Theme Index account for 45.41% of the index, with major companies including Wanhua Chemical (600309) and Yilong Co. (000792) [3]

Core Viewpoint - Huatai Co., Ltd. (600308) emphasizes its compliance with laws and regulations, ensuring independence from its controlling shareholder and safeguarding shareholder interests [1] Company Operations - The company has distributed a total of 2.643 billion yuan in dividends since its listing, demonstrating a commitment to returning value to shareholders [1] - Recent significant investments are focused on high-end papermaking, chemical industry, green environmental capacity upgrades, and industrial chain extension projects, characterized by large investment scales, long construction periods, and stable return cycles [1] Project Development - Some ongoing projects are still in the capacity release or market cultivation phase, with short-term performance contributions not yet fully realized [1] - As projects gradually reach full production, product structures continue to optimize, and industry supply-demand dynamics improve, the value of these investments is expected to be gradually realized, supporting the company's long-term sustainable development [1]

Group 1 - The core viewpoint indicates that after the National Day holiday, the price of hexafluoropropylene has increased to 73,000 yuan per ton, a 15% rise from the September low, with Q4 industry operating rates expected to remain above 85% [1] - Research from brokerage firms highlights that from June to September, the industry actively reduced inventory, with mainstream manufacturers' stock levels dropping to 7 days, which is 15 days below the safety stock level, and a reduction and maintenance scale exceeding 20,000 tons in Q4, accounting for 20% of quarterly supply [1] - In terms of exports, the hexafluoropropylene export volume in September increased by 22% month-on-month, with Japanese and South Korean battery manufacturers securing orders in advance to alleviate domestic seasonal demand shortages [1] - The cost curve is steep, with cash costs at 65,000 yuan per ton; if prices rise to 85,000 yuan per ton, leading companies could see a net profit recovery of 12,000 yuan per ton, with Tianji Co.'s 45,000-ton capacity corresponding to an annual profit of 540 million yuan, and a 2026 PE of only 8x, making it the most elastic stock in the sector [1] - A review of the 2019-2021 cycle shows that hexafluoropropylene prices led electrolyte price increases by 3-4 months, and if lithium battery demand grows moderately in Q2 2026, the price difference between hexafluoropropylene and electrolyte is expected to replicate the 2021 market trend [1] Group 2 - As of October 14, 2025, the CSI sub-sector chemical industry theme index (000813) has surged by 1.46%, with component stocks such as Kangbang Biological (603077) rising by 7.14%, Salt Lake Co. (000792) by 7.02%, and Yaqi International (000893) by 4.73% [2] - The largest chemical ETF (159870) has increased by 1.51%, with the latest price reported at 0.74 yuan, closely tracking the CSI sub-sector chemical industry theme index [2] - The CSI sub-sector theme index series consists of seven indices, including sub-sector indices for non-ferrous metals and machinery, selecting larger and more liquid listed company securities from relevant sub-industries to reflect the overall performance of listed companies in those sectors [2]

Group 1: Titanium Market Overview - The titanium concentrate market is facing a severe supply-demand imbalance, leading to a weak overall industry state with low purchasing willingness from downstream buyers and significant inventory accumulation [1] - The price of titanium dioxide (TiO2) is expected to be around 46%, with mainstream prices for titanium concentrate ranging from 1600 to 1700 CNY per ton [1] - The sponge titanium industry is experiencing rising inventory levels, with weak purchasing enthusiasm from downstream sectors, while military demand remains strong [1] Group 2: Titanium Dioxide Pricing Trends - As of the week of August 8-14, 2025, the mainstream price for sulfuric acid method rutile titanium dioxide is reported to be between 12200 and 13700 CNY per ton, with a weighted average price of 13302 CNY per ton, remaining stable compared to the previous week [2] - The "floor price" for titanium dioxide has been maintained for an extended period, with expectations for demand to improve and prices to stabilize [2] Group 3: Chemical Industry Performance - The CSI Chemical Industry Theme Index (000813) has seen a strong increase of 1.59%, with notable gains in stocks such as Nuclear Titanium White (10.11%) and Boyuan Chemical (6.22%) [3] - The Chemical ETF (159870) has risen by 1.39%, with a latest price of 0.66 CNY and a net subscription of 1.1 billion units during trading [3] Group 4: Chemical ETF Composition - The CSI Chemical Industry Theme Index consists of several sub-indices, with the top ten weighted stocks accounting for 43.54% of the index, including Wanhu Chemical and Salt Lake Co [4]