化工行业修复

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ETF盘中资讯|化工反攻号角吹响!政策+内需+低估值三箭齐发,机构密集看好行业修复空间!
Sou Hu Cai Jing· 2025-08-20 03:07
展望后市,中原证券指出,随着化工行业反内卷整治的进一步深入,部分化工子行业产能重复建设、无序过度竞争的局面有望缓解,迎来景气 的阶段性好转。建议继续关注农药、有机硅和涤纶长丝等行业。 华安证券指出,化工品行情分化明显,价格有望逐渐修复。全球化工行业在能源结构转型与宏观政策调整中呈现分化格局。煤炭产能释放叠加 新能源替代加速,基础化工成本压力边际缓解,化工品价格中枢逐步稳定,部分细分领域进入修复通道。其中:受新增产能集中投放影响,传 统重资产化工行业仍处于弱周期震荡阶段;油气深加工产业链凭成本优势与高端化转型,盈利韧性持续凸显;电子化学品/可降解/新能源材料等 依托技术迭代与政策红利,需求放量驱动盈利。 化工板块今日(8月20日)重拾攻势!反映化工板块整体走势的化工ETF(516020)开盘后迅速拉升,盘中场内价格最高涨幅达到1.04%,后略 有回落,截至发稿,涨0.79%。 成份股方面,磷化工、涂料油墨、橡胶制品等板块部分个股涨幅居前。截至发稿,联泓新科强势涨停,云天化飙涨超5%,三棵树、中化国际大 涨超3%,兴发集团、龙佰集团等涨超2%。 | | | 分时 多日 1分 5分 15分 30分 | କ | | ...
关注纺服及家电链修复,双草格局有望改善,尿素磷肥出口放开或提振企业盈利
Shenwan Hongyuan Securities· 2025-05-18 12:14
Investment Rating - The report maintains a "Positive" outlook on the chemical industry, particularly focusing on the recovery of the textile and home appliance chains, as well as the potential boost in corporate profits from the relaxation of urea and phosphate fertilizer export policies [3][4]. Core Insights - The report highlights a positive trend in the chemical sector driven by easing tariffs between China and the US, which is expected to benefit companies in the textile and home appliance supply chains [3][4]. - The ongoing Bayer litigation regarding glyphosate may lead to a significant restructuring in the glyphosate industry, potentially improving market conditions for alternative products [3][4]. - The report anticipates that the relaxation of export policies for urea and phosphate fertilizers will significantly enhance the profitability of related companies due to the current price differentials between domestic and international markets [3][4]. Summary by Sections Industry Dynamics - Current macroeconomic conditions in the chemical sector indicate a stabilization in oil prices due to geopolitical factors and OPEC+ production increases, while coal prices are expected to decline in the medium to long term [4][6]. - The report notes that the chemical industry PPI has shown a gradual recovery from negative values, with April's PPI at -3.2% year-on-year, primarily affected by weaker energy prices [6][8]. Investment Analysis - The report suggests focusing on traditional cyclical stocks and specific companies within the chemical sector, including Wanhua Chemical, Hualu Hengsheng, and others, which are expected to benefit from the current market conditions [3][4]. - It emphasizes the importance of identifying growth stocks with recovery potential in sectors such as semiconductor materials and OLED display materials, highlighting companies like Yake Technology and Lait Light [3][4]. Price Movements and Market Trends - The report provides detailed price movements for various chemical products, indicating a general upward trend in prices for PTA, MEG, and other key materials, driven by supply-demand dynamics and cost pressures [10][12]. - Fertilizer prices, including urea and phosphate, are expected to rise due to favorable export policies and market conditions, with current prices reported at 1830 CNY/ton for urea and 3400 CNY/ton for monoammonium phosphate [10][12].